“Interest and Financing Expense, Net Interest and financing expense, net, primarily relates to interest expense on our debt and finance leases, revolver commitment fees and costs associated with our debt, partially offset by interest income earned on cash and…”10-Q · Aug 5, 2026 ↗
Primo Brands Corporation
PRMB
Market read
Primo Brands Corporation's current read is isolated; its market group is not confirming.
The latest filing evidence is available. 0 of 8 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 1 directly disclosed connection is confirming.
- Revenue increased 3.8% versus the comparable filing period.
- Gross margin fell 0.7 percentage points.
- PRMB's market-adjusted activity becomes unusual and at least one connected name confirms.
Invalidation: The isolated read changes if PRMB's group or a disclosed connection begins moving with it.
Research brief
The story so far
The latest filing evidence is available. 0 of 8 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 1 directly disclosed connection is confirming.
- Revenue increased 3.8% versus the comparable filing period.
- Operating margin improved 3.5 percentage points.
- Net income increased 150.7% versus the comparable filing period.
- Gross margin fell 0.7 percentage points.
- PRMB's market-adjusted activity becomes unusual and at least one connected name confirms.
Company research
Understand the business, not just the ticker
Use the company’s filings to identify the few operating, demand, cost, capital and regulatory variables that determine its earnings power.
- Which operating variable is changing?
- Is that change durable, cyclical or one-off?
- What evidence would disprove the current interpretation?
- Latest annual revenue changed +29.3% year over year.
- Net margin changed +1.2 percentage points in the latest annual period.
- Restructuring and cost reductions has repeated adverse evidence across 5 filings.
- P/E is 518% above the available filing-peer median; determine whether growth and quality justify the difference.
- EV/sales is 54% below the available filing-peer median; determine whether growth and quality justify the difference.
Price as of Sep 9, 2026
20.85Reported annual revenue and per-share history. This is accounting history, not a forecast.
What management says matters
Persistent and emerging business drivers
“Acquisition, Integration and Restructuring Expense s During the six months ended June 30, 2026, acquisition, integration and restructuring expenses were $30.8 million, a decrease of $58.7 million, as compared to the six months ended June 30, 2025, primarily d…”10-Q · Aug 5, 2026 ↗
“The increase of $87.5 million is primarily due to increased capital expenditures, partially offset by $56.9 million of proceeds received from the sale of the production facility in Ontario, Canada and assets sold related to our coffee business.”10-Q · Nov 6, 2025 ↗
“In addition, increasing concern over climate change is expected to continue to result in additional, and potentially conflicting, legal and/or regulatory requirements, which are designed to reduce or mitigate the effects of carbon dioxide and other greenhouse…”10-K · Feb 27, 2026 ↗
Valuation discipline
Descriptive valuation snapshot
Price/sales 1.2× · EV/sales 1.9×. Comparisons use only industry-matched filing peers.
Mechanical 2.0-year scenarios are available as editable assumptions, not consensus.
Price action
How the market is pricing the story
Jodie does not have enough daily observations to draw a useful short-term chart for this asset. The latest quoted price was checked 10 Sept, 12:20 GMT-4; this is a coverage limitation, not a flat-price conclusion.
Developments
No sourced recent-development timeline yet
Jodie has not returned a relevant primary source or news item for PRMB. This is an evidence-coverage gap, not a conclusion that nothing material happened.
Business and financial condition
Reported financial figures are not available yet
Jodie has not returned structured SEC XBRL fundamentals for this asset. This is a coverage limitation, not an assessment of the business or its financial health.
Latest filing assessment
Fundamentals strengthened in the latest filing
10-Q filed 2026-08-05 against the comparable filing from 2025-08-07.
Capital and cash conversion
Reported investment and cash context
- Capital spending YoY
- +58.6%
- Capital spending / revenue
- +4.8%
- Stock compensation / revenue
- +0.6%
- Inventory intensity change
- -0.0 pts
Capex, revenue, and operating cash flow are matched to the same reported duration. Reported accounting context, not a forecast or trading recommendation.
What improved
- Revenue increased 3.8% versus the comparable filing period.
- Operating margin improved 3.5 percentage points.
- Net income increased 150.7% versus the comparable filing period.
What weakened
- Gross margin fell 0.7 percentage points.
Filing receipts
“During the three months ended June 30, 2026, cost of sales were $1,247.5 million, an increase of $58.3 million, or 4.9%, as compared to the three months ended June 30, 2025, primarily due to increased transportation related costs of $42.6 million and increased depreciation and amortization of $8.4 million, partially offset by a decrease of $6.8 million related to lower non-recurring integration related costs incurred in the current year period and a decrease of $5.2 million related to the divested coffee business.”
“Gross Profit and Gross Margin During the six months ended June 30, 2026, gross profit was $1,013.6 million, a decrease of $48.3 million, or 4.5%, as compared to the six months ended June 30, 2025, and gross margin as a percentage of net sales was 29.6%, as compared to 31.8% during the six months ended June 30, 2025, primarily driven by the factors discussed above.”
“Acquisition, Integration and Restructuring Expense s During the six months ended June 30, 2026, acquisition, integration and restructuring expenses were $30.8 million, a decrease of $58.7 million, as compared to the six months ended June 30, 2025, primarily due to lower integration costs incurred during the current year period compared to the prior year period as integration efforts begin to wind down as well as net restructuring gains in the current year period driven primarily by gains associated with the sale of facilities compared to net restructuring costs in the prior year period primarily driven by facility charges.”
Historical filing backfill generated after the original filing window. It is not part of Jodie's live track record.
Business ecosystem
The relationships behind PRMB
Customers, suppliers, partners and competitors named in company filings—not inferred from headlines.
Depends on
MSMorgan StanleylenderMay 7, 2026 ▾
“Description of Certain Indebtedness Term Loans On March 31, 2026, Primo Brands entered into an amendment (the “Fifth Amendment”), which amended that certain First Lien Credit Agreement, dated as of March 31, 2021 (as amended prior to the effectiveness of the…”
Filing peers
Companies whose filings use similar operating language.
Open the three relationships above to see Jodie’s filing proof. Pro unlocks 4 more links, every receipt, and alerts when connected names begin moving. Unlock the full network →
What is moving around it
Live connections
PRMB is currently a Follower in the organic co-movement group Consumer Growth. This group is discovered from market behaviour rather than assigned from an industry taxonomy. 1 filing-linked name are in the relationship map; none is currently confirmed as moving with the group.
This group is retained as the last observed read for PRMB; it is not active in the latest market snapshot.
Context history
Theme membership history
No durable theme membership has been observed for this name yet.