PRMB Primo Brands Corporation Class A Common Stock
$23.12
Price · Aug 21, 2026
Fundamentals as of Aug 5, 2026
52W Range
$14–$26
74% of range
Analyst Rating
BUY
18 analysts
Price Target
$30
+31% upside
P/E (TTM)
144.1
ROE
1.9%
Net Profit Margin
0.90%
PRMB Stock Snapshot Price, market cap, P/E, EPS, ROE, debt/equity, 52-week range
Price
$23.12
Market Cap
$8.39B
P/E (TTM)
144.1
EPS (TTM)
$0.16
Revenue (TTM)
$6.66B
Div Yield
1.8%
ROE
1.9%
Debt/Equity
1.7
52W Range
$14 – $26
PRMB Stock Price Chart Daily OHLCV with technical indicators — pan, zoom, and customize your view
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10-Year Performance Revenue, net income, margins and EPS trends
Revenue & Net Income
$6.66B
2022-12-31
→
2025-12-31
EPS
$0.16
2022-12-31
→
2025-12-31
Free Cash Flow
$303M
2024-12-31
→
2025-12-31
Margins
0.90%
2024-12-31
→
2025-12-31
Valuation P/E, P/S, P/B, EV/EBITDA ratios — is the stock expensive or cheap?
Metric
5Y trend
PRMB
Peer Median
P/E (TTM)
144.1
35.8
P/S (TTM)
1.3
2.5
P/B
2.8
7.8
EV / EBITDA
12.7
—
Price / FCF
27.7
—
Profitability Gross, operating and net margins; ROE, ROA, ROIC
Metric
5Y trend
PRMB
Peer Median
Gross Margin
30.3%
47.6%
Operating Margin
6.5%
—
Net Profit Margin
0.90%
10.8%
ROA
0.55%
11.6%
ROE
1.9%
23.9%
ROIC
2.9%
—
Financial Health Debt, liquidity, solvency — balance sheet strength
Metric
5Y trend
PRMB
Peer Median
Debt / Equity
1.7
0.0
Current Ratio
0.9
2.2
Quick Ratio
0.6
—
Growth Revenue, EPS and net income growth: YoY, 3Y CAGR, 5Y CAGR
Metric
5Y trend
PRMB
Peer Median
Revenue YoY
29.3%
—
Revenue CAGR 3Y
14.5%
—
Capital Efficiency Asset turnover, inventory turnover, receivables turnover
Metric
5Y trend
PRMB
Peer Median
Payout Ratio
251.8%
—
Dividends Yield, payout ratio, dividend history, 5Y CAGR
Dividend Yield
1.8%
Payout Ratio
251.8%
5Y Div CAGR
—
| Ex-date | Amount |
|---|---|
| June 4, 2026 | $0.1200 |
| March 6, 2026 | $0.1200 |
| Nov. 25, 2025 | $0.1000 |
| Aug. 21, 2025 | $0.1000 |
| June 6, 2025 | $0.1000 |
| March 7, 2025 | $0.1000 |
| Nov. 22, 2024 | $0.0900 |
| Nov. 5, 2024 | $0.8200 |
| Aug. 22, 2024 | $0.0900 |
| June 7, 2024 | $0.0900 |
| March 7, 2024 | $0.0900 |
| Nov. 20, 2023 | $0.0800 |
| Aug. 23, 2023 | $0.0800 |
| June 1, 2023 | $0.0800 |
| March 9, 2023 | $0.0800 |
| Nov. 28, 2022 | $0.0700 |
| Aug. 23, 2022 | $0.0700 |
| June 9, 2022 | $0.0700 |
| March 10, 2022 | $0.0700 |
| Nov. 22, 2021 | $0.0600 |
PRMB Analyst Consensus Bullish and bearish analyst opinions, 12-month price target, upside
BUY
18 analysts
- Strong Buy 5 27.8%
- Buy 10 55.6%
- Hold 3 16.7%
- Sell 0 0.0%
- Strong Sell 0 0.0%
12-Month Price Target
11 analysts · 2026-08-21
Median
$31.00
← Below all targets
$23.12
Low
$25.00
High
$35.00
Median target
$31.00
+34.1%
Mean target
$30.36
+31.3%
Earnings History EPS actual vs estimate, surprise %, beat rate, next earnings date
Avg Surprise
0.02%
| Period | EPS Actual | EPS Est | Surprise |
|---|---|---|---|
| June 30, 2026 | $0.37 | $0.33 | 0.04% |
| March 31, 2026 | $0.23 | $0.25 | -0.02% |
| Dec. 31, 2025 | $0.26 | $0.21 | 0.05% |
| Sept. 30, 2025 | $0.41 | $0.37 | 0.04% |
| June 30, 2025 | $0.36 | $0.43 | -0.07% |
| March 31, 2025 | $0.29 | $0.23 | 0.06% |
Peer comparison (GICS sub-industry) Key metrics vs sector peers
| Ticker | Market Cap | P/E | Rev YoY | Net Margin | ROE | Gross Margin |
|---|---|---|---|---|---|---|
| PRMB | $5.95B | 102.2 | 29.3% | 0.90% | 1.9% | 30.3% |
| PEP | — | 24.0 | 2.2% | 8.8% | 42.9% | 54.1% |
| MNST | $74.99B | 26.4 | 10.7% | 23.0% | 24.7% | 55.9% |
| KDP | $38.06B | 18.3 | 8.2% | 12.5% | 8.2% | 54.2% |
| COKE | — | 126.7 | 4.8% | 7.9% | 128.2% | 39.7% |
| CELH | $11.75B | 183.0 | 85.5% | 4.3% | 8.8% | 50.4% |
| COCO | $3.03B | 44.5 | 18.2% | 11.7% | 24.2% | 36.5% |
| FIZZ | — | 17.4 | -1.7% | 15.6% | 34.0% | 37.0% |
| ZVIA | — | -15.5 | 4.0% | -6.2% | -17.1% | 48.0% |
Full Fundamentals All metrics by year — income statement, balance sheet, cash flow
Income Statement 14
| Metric | Trend | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Revenue | $6.66B | $5.15B | $4.70B | $4.44B | |
| Cost of Revenue | $4.64B | $3.53B | $3.35B | $3.45B | |
| Gross Profit | $2.02B | $1.62B | $1.35B | $994M | |
| SG&A Expense | $1.39B | $1.05B | $924M | $887M | |
| Operating Income | $430M | $360M | $406M | $23M | |
| Other Non-op | $60M | $0 | $0 | · | |
| Pretax Income | $145M | $21M | $118M | $-180M | |
| Income Tax | $65M | $33M | $25M | $-53M | |
| Net Income | $60M | $-16M | $93M | $-127M | |
| EPS (Basic) | $0.16 | $-0.07 | $0.29 | $-0.74 | |
| EPS (Diluted) | $0.16 | $-0.07 | $0.29 | $-0.74 | |
| Shares (Basic) | 373,512,000 | 242,315,000 | 218,338,000 | 218,287,000 | |
| Shares (Diluted) | 374,869,000 | 242,315,000 | 218,338,000 | 218,287,000 | |
| EBITDA | $1.04B | $694M | · | · |
Balance Sheet 25
| Metric | Trend | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Cash & Equivalents | $377M | $614M | $45M | · | |
| Receivables | $432M | $444M | $398M | · | |
| Inventory | $224M | $208M | $180M | · | |
| Prepaid Expense | $149M | $150M | $73M | · | |
| Current Assets | $1.22B | $1.53B | $698M | · | |
| Goodwill | $3.58B | $3.57B | $817M | $816M | |
| Intangibles | $2.99B | $3.19B | $1.42B | · | |
| Other Non-current Assets | $86M | $70M | $57M | · | |
| Total Assets | $10.60B | $11.19B | $5.15B | · | |
| Accounts Payable | $519M | $472M | $356M | · | |
| Accrued Liabilities | $598M | $698M | $321M | · | |
| Current Liabilities | $1.28B | $1.41B | $783M | · | |
| Capital Leases | $474M | $556M | $498M | · | |
| Deferred Tax | $692M | $739M | $397M | · | |
| Other Non-current Liabilities | $77M | $50M | $22M | · | |
| Total Liabilities | $7.61B | $7.75B | $5.15B | · | |
| Long-term Debt | $5.08B | $5.04B | $3.48B | · | |
| Total Debt | $5.16B | $5.03B | · | · | |
| Common Stock | $4M | $4M | $0 | · | |
| Paid-in Capital | $5.02B | $4.97B | $1.02B | · | |
| Retained Earnings | $-2.01B | $-1.51B | $-1.01B | · | |
| AOCI | $-14M | $-17M | $-8M | · | |
| Stockholders' Equity | $2.99B | $3.44B | $3M | $135M | |
| Liabilities + Equity | $10.60B | $11.19B | $5.15B | · | |
| Shares Outstanding | 363,940,940 | 379,800,000 | 1,000,000 | 1,000,000 |
Cash Flow 17
| Metric | Trend | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| D&A | $610M | $333M | $306M | $326M | |
| Stock-based Comp | $50M | $9M | $1M | $2M | |
| Deferred Tax | $-46M | $-78M | $-40M | $-60M | |
| Amort. of Intangibles | $255M | $83M | $75M | $65M | |
| Restructuring | $12M | $47M | $9M | $19M | |
| Other Non-cash | $6M | $216M | · | · | |
| Operating Cash Flow | $680M | $464M | $321M | $108M | |
| CapEx | $377M | $150M | $204M | $258M | |
| Debt Issued | $0 | $392M | $0 | $0 | |
| Net Debt Issued | $0 | $392M | · | · | |
| Stock Issued | $11M | $2M | $3M | $0 | |
| Stock Repurchased | $422M | $10M | $0 | $0 | |
| Net Stock Activity | $-411M | $-8M | · | · | |
| Dividends Paid | $151M | $36M | $0 | $0 | |
| Net Change in Cash | $-244M | $574M | $-59M | $-359M | |
| Taxes Paid | $57M | $97M | $66M | $14M | |
| Free Cash Flow | $303M | $314M | · | · |
Profitability 8
| Metric | Trend | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Gross Margin | 30.3% | 31.5% | · | · | |
| Operating Margin | 6.5% | 7.0% | · | · | |
| Net Margin | 0.90% | -0.32% | · | · | |
| Pretax Margin | 2.2% | 0.40% | · | · | |
| EBITDA Margin | 15.6% | 13.5% | · | · | |
| ROA | 0.55% | -0.20% | · | · | |
| ROE | 1.9% | -1.0% | · | · | |
| ROIC | 2.9% | -2.6% | · | · |
Liquidity & Solvency 4
| Metric | Trend | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Current Ratio | 0.9 | 1.1 | · | · | |
| Quick Ratio | 0.6 | 0.7 | · | · | |
| Debt / Equity | 1.7 | 1.5 | · | · | |
| LT Debt / Equity | 1.7 | 1.4 | · | · |
Efficiency 3
| Metric | Trend | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Asset Turnover | 0.6 | 0.6 | · | · | |
| Inventory Turnover | 21.5 | 18.2 | · | · | |
| Receivables Turnover | 15.2 | 12.2 | · | · |
Growth Rates 2
| Metric | Trend | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Revenue YoY | 29.3% | 9.7% | 5.8% | · | |
| Revenue CAGR 3Y | 14.5% | · | · | · |
Valuation (TTM) 16
| Metric | Trend | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Revenue TTM | $6.66B | $5.15B | · | · | |
| Net Income TTM | $60M | $-16M | · | · | |
| Market Cap | $5.95B | $11.69B | · | · | |
| Enterprise Value | $10.73B | $16.10B | · | · | |
| P/E | 102.2 | -439.6 | · | · | |
| P/S | 0.9 | 2.3 | · | · | |
| P/B | 2.0 | 3.4 | · | · | |
| P / Cash Flow | 8.7 | 25.2 | · | · | |
| P / FCF | 19.6 | 37.3 | · | · | |
| EV / EBITDA | 10.3 | 23.2 | · | · | |
| EV / FCF | 35.4 | 51.3 | · | · | |
| EV / Revenue | 1.6 | 3.1 | · | · | |
| Dividend Yield | 2.5% | 0.31% | · | · | |
| Earnings Yield | 0.98% | -0.23% | · | · | |
| Payout Ratio | 251.8% | -217.7% | · | · | |
| Annual Payout | $151M | $36M | · | · |
Income Statement 15
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.80B | $1.63B | $1.55B | $1.77B | $1.73B | $1.61B | $1.40B | $1.31B | $1.31B | $1.14B | |
| Cost of Revenue | $1.25B | $1.16B | $1.12B | $1.24B | $1.19B | $1.09B | $967M | $889M | $885M | $790M | |
| Gross Profit | $549M | $465M | $430M | $528M | $541M | $521M | $430M | $416M | $430M | $346M | |
| SG&A Expense | $346M | $337M | $341M | $343M | $379M | $328M | $336M | $240M | $256M | $219M | |
| Operating Expenses | · | · | · | · | · | · | · | $0 | · | · | |
| Operating Income | $180M | $138M | $18M | $146M | $113M | $153M | $-81M | $158M | $159M | $125M | |
| Other Non-op | $-2M | $-1M | $40M | $4M | $16M | $-100.0K | $0 | $0 | $0 | $0 | |
| Pretax Income | $97M | $41M | $-21M | $67M | $47M | $52M | $-169M | $72M | $73M | $45M | |
| Income Tax | $28M | $14M | $4M | $26M | $16M | $18M | $-15M | $18M | $18M | $11M | |
| Net Income | $69M | $27M | $-13M | $17M | $28M | $29M | $-158M | $53M | $54M | $34M | |
| EPS (Basic) | $0.19 | $0.08 | $-0.04 | $0.05 | $0.07 | $0.08 | $-0.71 | $0.24 | $0.25 | $0.15 | |
| EPS (Diluted) | $0.19 | $0.07 | $-0.03 | $0.04 | $0.07 | $0.08 | $-0.71 | $0.24 | $0.25 | $0.15 | |
| Shares (Basic) | 362,842,000 | 363,579,000 | -752,853,000 | 372,318,000 | 374,796,000 | 379,251,000 | -413,539,000 | 218,618,000 | 218,618,000 | 218,618,000 | |
| Shares (Diluted) | 365,673,000 | 365,839,000 | -757,614,000 | 374,055,000 | 376,815,000 | 381,613,000 | -413,539,000 | 218,618,000 | 218,618,000 | 218,618,000 | |
| EBITDA | $322M | $279M | · | $310M | $258M | $282M | · | $0 | · | · |
Balance Sheet 25
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | · | · | $377M | · | · | · | $614M | · | · | · | |
| Receivables | $575M | $536M | $432M | $550M | $587M | $505M | $444M | · | · | · | |
| Inventory | $257M | $248M | $224M | $234M | $248M | $252M | $208M | · | · | · | |
| Prepaid Expense | $185M | $175M | $149M | $142M | $179M | $121M | $150M | · | · | · | |
| Current Assets | $1.42B | $1.29B | $1.22B | $1.47B | $1.50B | $1.39B | $1.53B | · | · | · | |
| Goodwill | $3.60B | $3.59B | $3.58B | $3.59B | $3.58B | $3.57B | $3.57B | · | · | · | |
| Intangibles | $2.91B | $2.95B | $2.99B | $3.08B | $3.12B | $3.16B | $3.19B | · | · | · | |
| Other Non-current Assets | $71M | $76M | $86M | $89M | $75M | $75M | $70M | · | · | · | |
| Total Assets | $10.64B | $10.59B | $10.60B | $10.96B | $11.05B | $10.98B | $11.19B | $0 | · | · | |
| Accounts Payable | $557M | $498M | $519M | $561M | $534M | $486M | $472M | · | · | · | |
| Accrued Liabilities | $630M | $659M | $598M | $619M | $632M | $578M | $698M | · | · | · | |
| Current Liabilities | $1.35B | $1.32B | $1.28B | $1.43B | $1.42B | $1.31B | $1.41B | $2.0K | · | · | |
| Capital Leases | $454M | $465M | $474M | $520M | $540M | $549M | $556M | · | · | · | |
| Deferred Tax | $699M | $696M | $692M | $742M | $738M | $736M | $739M | · | · | · | |
| Other Non-current Liabilities | $74M | $70M | $77M | $57M | $55M | $51M | $50M | · | · | · | |
| Total Liabilities | $7.66B | $7.63B | $7.61B | $7.80B | $7.80B | $7.65B | $7.75B | · | · | · | |
| Long-term Debt | $5.16B | $5.16B | $5.08B | $5.07B | $5.08B | $5.05B | $5.03B | · | · | · | |
| Total Debt | $5.16B | $5.16B | · | $5.09B | $5.09B | $5.04B | · | · | · | · | |
| Common Stock | $4M | $4M | $4M | $4M | $4M | $4M | $4M | $0 | · | · | |
| Paid-in Capital | $5.04B | $5.03B | $5.02B | $5.01B | $4.99B | $4.98B | $4.97B | $0 | · | · | |
| Retained Earnings | $-2.05B | $-2.06B | $-2.01B | $-1.84B | $-1.75B | $-1.64B | $-1.51B | $-2.0K | · | · | |
| AOCI | $-12M | $-12M | $-14M | $-6M | $-2M | $-13M | $-17M | · | · | · | |
| Stockholders' Equity | $2.98B | $2.96B | $2.99B | $3.16B | $3.25B | $3.33B | $3.44B | $-2.0K | · | · | |
| Liabilities + Equity | $10.64B | $10.59B | $10.60B | $10.96B | $11.05B | $10.98B | $11.19B | $0 | · | · | |
| Shares Outstanding | 362,464,702 | 362,928,927 | 363,940,940 | 370,616,043 | 373,337,220 | 376,197,105 | 379,792,996 | 100 | · | · |
Cash Flow 19
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| D&A | $142M | $141M | $173M | $163M | $145M | $129M | $106M | $78M | $74M | $75M | |
| Stock-based Comp | $11M | $10M | $13M | $12M | $13M | $12M | $8M | $300.0K | $300.0K | $300.0K | |
| Deferred Tax | $2M | $4M | $-52M | $6M | $2M | $-3M | $-34M | $-13M | $-13M | $-17M | |
| Amort. of Intangibles | · | · | $78M | $75M | $58M | · | $31M | $17M | $16M | · | |
| Restructuring | $0 | $700.0K | $-6M | $5M | $7M | $6M | · | · | · | · | |
| Other Non-cash | $3M | $-78M | · | $85M | $-33M | $-128M | · | · | · | · | |
| Operating Cash Flow | $228M | $104M | $203M | $283M | $155M | $39M | $94M | $262M | $102M | $6M | |
| CapEx | $86M | $104M | $146M | $116M | $54M | $62M | $53M | $32M | $41M | $24M | |
| Investing Cash Flow | · | · | · | · | · | · | · | $0 | · | · | |
| Debt Issued | $0 | $660M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $392M | |
| Net Debt Issued | $-8M | $7M | · | $0 | $0 | $0 | · | · | · | · | |
| Stock Issued | $2M | $2M | $3M | $3M | $4M | $1M | $2M | $0 | $0 | $0 | |
| Stock Repurchased | $16M | $32M | $125M | $76M | $102M | $119M | $10M | $0 | $0 | $0 | |
| Net Stock Activity | $-13M | $-30M | · | $-73M | $-98M | $-118M | · | · | · | · | |
| Dividends Paid | $44M | $44M | $38M | $37M | $37M | $39M | $36M | $0 | $0 | $0 | |
| Financing Cash Flow | · | · | · | · | · | · | · | $0 | · | · | |
| Net Change in Cash | $79M | $-89M | $-47M | $11M | $-41M | $-167M | $444M | $159M | $-15M | $-14M | |
| Taxes Paid | $74M | $100.0K | $100.0K | $2M | $53M | $2M | $40M | $4M | $54M | $-1M | |
| Free Cash Flow | $142M | $-700.0K | · | $168M | $101M | $-23M | · | · | · | · |
Profitability 8
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 30.6% | 28.6% | · | 29.9% | 31.3% | 32.3% | · | · | · | · | |
| Operating Margin | 10.0% | 8.5% | · | 8.3% | 6.5% | 9.5% | · | · | · | · | |
| Net Margin | 3.9% | 1.7% | · | 0.95% | 1.6% | 1.8% | · | · | · | · | |
| Pretax Margin | 5.4% | 2.5% | · | 3.8% | 2.7% | 3.2% | · | · | · | · | |
| EBITDA Margin | 17.9% | 17.2% | · | 17.5% | 14.9% | 17.5% | · | · | · | · | |
| ROA | 0.64% | 0.25% | · | 0.31% | 0.50% | 0.52% | · | · | · | · | |
| ROE | 2.2% | 0.87% | · | 1.1% | 1.7% | 1.7% | · | 0.00% | · | · | |
| ROIC | 1.6% | 1.1% | · | 1.1% | 0.88% | 1.2% | · | · | · | · |
Liquidity & Solvency 4
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 1.1 | 1.0 | · | 1.0 | 1.1 | 1.1 | · | · | · | · | |
| Quick Ratio | 0.4 | 0.4 | · | 0.4 | 0.4 | 0.4 | · | · | · | · | |
| Debt / Equity | 1.7 | 1.7 | · | 1.6 | 1.6 | 1.5 | · | · | · | · | |
| LT Debt / Equity | 1.7 | 1.7 | · | 1.6 | 1.5 | 1.5 | · | · | · | · |
Efficiency 3
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Asset Turnover | 0.2 | 0.2 | · | 0.3 | 0.3 | 0.3 | · | · | · | · | |
| Inventory Turnover | 4.9 | 4.6 | · | 10.6 | 9.6 | 8.7 | · | · | · | · | |
| Receivables Turnover | 3.1 | 3.1 | · | 6.4 | 5.9 | 6.4 | · | · | · | · |
Valuation (TTM) 12
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue TTM | $6.92B | $6.74B | · | $6.42B | $5.96B | $5.37B | · | · | · | · | |
| Net Income TTM | $141M | $100M | · | $126M | $164M | $170M | · | · | · | · | |
| Market Cap | $8.86B | $6.83B | · | $8.19B | $11.06B | $13.35B | · | $2.5K | · | · | |
| P/E | 66.1 | 72.4 | · | 51.4 | 46.3 | 49.3 | · | · | · | · | |
| P/S | 1.3 | 1.0 | · | 1.3 | 1.9 | 2.5 | · | · | · | · | |
| P/B | 3.0 | 2.3 | · | 2.6 | 3.4 | 4.0 | · | -1.3 | · | · | |
| P / Cash Flow | 38.9 | 65.8 | · | 28.9 | 71.3 | 344.1 | · | · | · | · | |
| P / FCF | 62.2 | -9762.8 | · | 48.8 | 109.4 | -575.5 | · | · | · | · | |
| Dividend Yield | 1.8% | 2.3% | · | 1.4% | 0.69% | 0.29% | · | · | · | · | |
| Earnings Yield | 1.5% | 1.4% | · | 1.9% | 2.2% | 2.0% | · | · | · | · | |
| Payout Ratio | 62.9% | 161.9% | · | 221.4% | 135.5% | 134.5% | · | · | · | · | |
| Annual Payout | $162M | $157M | · | $113M | $76M | $39M | · | · | · | · |
Financial Statements Income statement, balance sheet, cash flow — annual, last 5 years
Income Statement
| 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | |
|---|---|---|---|---|
| Revenue | $6.66B | $5.15B | $4.70B | $4.44B |
| Gross Margin % | 30.3% | 31.5% | — | — |
| Operating Margin % | 6.5% | 7.0% | — | — |
| Net Income | $60M | $-16M | $93M | $-127M |
| Diluted EPS | $0.16 | $-0.07 | $0.29 | $-0.74 |
Balance Sheet
| 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | |
|---|---|---|---|---|
| Debt / Equity | 1.7 | 1.5 | — | — |
| Current Ratio | 0.9 | 1.1 | — | — |
| Quick Ratio | 0.6 | 0.7 | — | — |
Cash Flow
| 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | |
|---|---|---|---|---|
| Free Cash Flow | $303M | $314M | — | — |
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Institutional owners (13F) 422 filers · $8.0B total · As of June 30, 2026
Institutions that report holding this stock in their quarterly SEC Form 13F. Long positions only; a single filer may appear twice for separate option legs. Large offsetting put/call legs typically reflect market-making or hedged inventory, not directional conviction.
Institutional activity — Q2 2026 vs prior quarter
| New positions | Exited positions | Increased | Decreased | Net shares change |
|---|---|---|---|---|
| 73 (+6 vs prior Q) | 34 (-25 vs prior Q) | 133 (+3 vs prior Q) | 128 (+16 vs prior Q) | +10.4M |
Compared to Q1 2026. SEC Form 13F filings are due within 45 days of quarter-end plus a short buffer for late filers — quarters still inside that window are skipped in favor of the most recent fully-reported pair.
| Institution | Value | Shares | % of tracked 13F | Type |
|---|---|---|---|---|
| One Rock Capital Partners, LLC | $2,840,192,099 | 116,210,806 | 35.72% | Shares |
| FMR LLC | $449,455,486 | 18,390,159 | 5.65% | Shares |
| Sachem Head Capital Management LP | $434,909,800 | 17,795,000 | 5.47% | Shares |
| FULLER & THALER ASSET MANAGEMENT, INC. | $319,574,644 | 13,075,886 | 4.02% | Shares |
| WILLIAM BLAIR INVESTMENT MANAGEMENT, LLC | $279,271,556 | 11,426,823 | 3.51% | Shares |
| VANGUARD PORTFOLIO MANAGEMENT LLC | $277,003,547 | 11,334,024 | 3.48% | Shares |
| VANGUARD CAPITAL MANAGEMENT LLC | $262,905,821 | 10,757,194 | 3.31% | Shares |
| AMERIPRISE FINANCIAL INC | $225,618,348 | 9,231,371 | 2.84% | Shares |
| Apollo Management Holdings, L.P. | $168,277,978 | 6,885,351 | 2.12% | Shares |
| Pertento Partners LLP | $154,368,832 | 6,316,237 | 1.94% | Shares |
| SAMLYN CAPITAL, LLC | $152,404,809 | 6,235,876 | 1.92% | Shares |
| DEPRINCE RACE & ZOLLO INC | $116,331,541 | 4,759,883 | 1.46% | Shares |
| Palestra Capital Management LLC | $112,525,304 | 4,604,145 | 1.42% | Shares |
| STATE STREET CORP | $112,425,597 | 4,598,451 | 1.41% | Shares |
| Point72 Asset Management, L.P. | $90,097,156 | 3,686,463 | 1.13% | Shares |
| GEODE CAPITAL MANAGEMENT, LLC | $87,108,138 | 3,562,974 | 1.10% | Shares |
| GOLDMAN SACHS GROUP INC | $78,444,555 | 3,209,679 | 0.99% | Shares |
| M.D. Sass, LLC | $76,793,752 | 3,142,134 | 0.97% | Shares |
| NORGES BANK | $73,357,589 | 3,001,538 | 0.92% | Shares |
| Rubric Capital Management LP | $65,309,326 | 2,672,231 | 0.82% | Shares |
| Park West Asset Management LLC | $58,739,292 | 2,403,408 | 0.74% | Shares |
| CITADEL ADVISORS LLC | $55,382,653 | 2,266,066 | 0.70% | Shares |
| DIMENSIONAL FUND ADVISORS LP | $54,941,270 | 2,248,006 | 0.69% | Shares |
| Clearline Capital LP | $54,644,589 | 2,235,867 | 0.69% | Shares |
| BAMCO INC /NY/ | $54,046,934 | 2,211,413 | 0.68% | Shares |
| FIRST TRUST ADVISORS LP | $49,428,995 | 2,022,463 | 0.62% | Shares |
| Gotham Asset Management, LLC | $48,574,769 | 1,987,511 | 0.61% | Shares |
| BANK OF AMERICA CORP /DE/ | $40,791,949 | 1,669,065 | 0.51% | Shares |
| VANGUARD FIDUCIARY TRUST CO | $37,942,733 | 1,552,485 | 0.48% | Shares |
| MILLENNIUM MANAGEMENT LLC | $33,802,133 | 1,383,066 | 0.43% | Shares |
| DISCOVERY CAPITAL MANAGEMENT, LLC / CT | $33,712,536 | 1,379,400 | 0.42% | Shares |
| SILVERCREST ASSET MANAGEMENT GROUP LLC | $33,349,162 | 1,364,531 | 0.42% | Shares |
| Simcoe Capital Management, LLC | $30,028,573 | 1,228,665 | 0.38% | Shares |
| BWCP, LP | $29,912,751 | 1,223,926 | 0.38% | Shares |
| Alyeska Investment Group, L.P. | $27,614,732 | 1,129,899 | 0.35% | Shares |
| Clarkston Capital Partners, LLC | $27,263,480 | 1,115,527 | 0.34% | Shares |
| Rockefeller Capital Management L.P. | $24,259,893 | 992,630 | 0.31% | Shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | $23,815,851 | 974,462 | 0.30% | Shares |
| Holocene Advisors, LP | $23,382,921 | 956,748 | 0.29% | Shares |
| HEARTLAND ADVISORS INC | $22,932,150 | 938,304 | 0.29% | Shares |
| Caption Management, LLC | $22,215,960 | 909,000 | 0.28% | Call option |
| NEW YORK STATE COMMON RETIREMENT FUND | $21,938,933 | 897,665 | 0.28% | Shares |
| NEUMEIER POMA INVESTMENT COUNSEL LLC | $21,404,185 | 875,785 | 0.27% | Shares |
| TUDOR INVESTMENT CORP ET AL | $19,476,651 | 796,917 | 0.24% | Shares |
| Squarepoint Ops LLC | $18,612,600 | 761,563 | 0.23% | Shares |
| JANE STREET GROUP, LLC | $18,394,937 | 752,657 | 0.23% | Shares |
| PALISADE CAPITAL MANAGEMENT, LP | $16,703,665 | 683,456 | 0.21% | Shares |
| KETTLE HILL CAPITAL MANAGEMENT, LLC | $16,507,485 | 675,429 | 0.21% | Shares |
| Nuveen, LLC | $15,122,397 | 618,756 | 0.19% | Shares |
| Bayberry Capital Partners LP | $15,006,160 | 614,000 | 0.19% | Shares |
| Zimmer Partners, LP | $14,053,000 | 575,000 | 0.18% | Shares |
| Quantinno Capital Management LP | $13,897,526 | 568,638 | 0.17% | Shares |
| RAYMOND JAMES FINANCIAL INC | $13,817,410 | 565,360 | 0.17% | Shares |
| Verition Fund Management LLC | $13,197,600 | 540,000 | 0.17% | Shares |
| Eurizon Capital SGR S.p.A. | $12,305,829 | 503,458 | 0.15% | Shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | $12,185,784 | 498,600 | 0.15% | Call option |
| Caption Management, LLC | $12,091,617 | 494,747 | 0.15% | Shares |
| Nuveen Asset Management, LLC | $12,017,870 | 390,571 | 0.15% | Shares |
| Swiss National Bank | $11,576,030 | 473,651 | 0.15% | Shares |
| FIDEURAM - INTESA SANPAOLO PRIVATE BANKING S.P.A. | $11,509,358 | 470,923 | 0.14% | Shares |
| UBS Group AG | $11,106,709 | 454,448 | 0.14% | Shares |
| Balyasny Asset Management L.P. | $10,155,480 | 415,527 | 0.13% | Shares |
| GLENVIEW CAPITAL MANAGEMENT, LLC | $9,897,491 | 404,971 | 0.12% | Shares |
| Aperture Investors, LLC | $9,792,644 | 400,681 | 0.12% | Shares |
| CastleKnight Management LP | $9,742,908 | 398,646 | 0.12% | Shares |
| CORBYN INVESTMENT MANAGEMENT INC/MD | $9,534,191 | 390,106 | 0.12% | Shares |
| Aristotle Capital Boston, LLC | $9,365,935 | 383,221 | 0.12% | Shares |
| NEUBERGER BERMAN GROUP LLC | $9,105,831 | 372,579 | 0.11% | Shares |
| J. Goldman & Co LP | $8,962,172 | 366,701 | 0.11% | Shares |
| KING LUTHER CAPITAL MANAGEMENT CORP | $8,815,826 | 360,713 | 0.11% | Shares |
| STRS OHIO | $8,494,000 | 347,545 | 0.11% | Shares |
| SCOPIA CAPITAL MANAGEMENT LP | $8,143,408 | 333,200 | 0.10% | Shares |
| TORONTO DOMINION BANK | $7,332,000 | 300,000 | 0.09% | Call option |
| BARCLAYS PLC | $7,255,551 | 296,872 | 0.09% | Shares |
| CITADEL ADVISORS LLC | $7,009,392 | 286,800 | 0.09% | Call option |
| DARK FOREST CAPITAL MANAGEMENT LP | $6,813,065 | 278,767 | 0.09% | Shares |
| One Fin Capital Management LP | $6,721,000 | 275,000 | 0.08% | Shares |
| BlackRock, Inc. | $6,675,028 | 273,119 | 0.08% | Shares |
| SCOGGIN MANAGEMENT LP | $6,110,000 | 250,000 | 0.08% | Call option |
| WEALTH ENHANCEMENT ADVISORY SERVICES, LLC | $6,018,267 | 250,866 | 0.08% | Shares |
| XTX Topco Ltd | $5,766,814 | 235,958 | 0.07% | Shares |
| PANAGORA ASSET MANAGEMENT INC | $5,686,601 | 232,676 | 0.07% | Shares |
| Hilton Capital Management, LLC | $5,676,092 | 232,246 | 0.07% | Shares |
| VANGUARD ASSET MANAGEMENT, Ltd | $5,634,764 | 230,555 | 0.07% | Shares |
| South Street Advisors LLC | $5,610,837 | 229,576 | 0.07% | Shares |
| Lighthouse Investment Partners, LLC | $5,499,000 | 225,000 | 0.07% | Shares |
| INTACT INVESTMENT MANAGEMENT INC. | $5,467,961 | 223,730 | 0.07% | Shares |
| VICTORY CAPITAL MANAGEMENT INC | $5,401,680 | 221,018 | 0.07% | Shares |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM | $5,275,563 | 280,168 | 0.07% | Shares |
| Madison Investment Advisors, LLC | $5,268,870 | 171,234 | 0.07% | Shares |
| Aberdeen Group plc | $5,215,496 | 213,400 | 0.07% | Shares |
| Callan Capital, LLC | $5,167,592 | 145,607 | 0.06% | Shares |
| Taproot Management LP | $4,999,233 | 265,493 | 0.06% | Shares |
| CITADEL ADVISORS LLC | $4,956,432 | 202,800 | 0.06% | Put option |
| Brevan Howard Capital Management LP | $4,912,538 | 201,004 | 0.06% | Shares |
| BURNEY CO/ | $4,905,774 | 200,727 | 0.06% | Shares |
| ENVESTNET ASSET MANAGEMENT INC | $4,903,704 | 200,643 | 0.06% | Shares |
| RHUMBLINE ADVISERS | $4,785,496 | 195,807 | 0.06% | Shares |
| Y-Intercept (Hong Kong) Ltd | $4,661,857 | 190,747 | 0.06% | Shares |
| Jain Global LLC | $4,654,036 | 190,427 | 0.06% | Shares |
Company insiders 17 insiders · 6 officers · 10 directors
| Insider | Role | Last activity | Shares owned | Buys 12m | Sells 12m | Net 12m |
|---|---|---|---|---|---|---|
| Robbert Rietbroek | Chief Executive Officer | Aug. 13, 2025 P | 586,349 | 0 | 0 | $0 |
| David W. Hass | Chief Financial Officer | Jan. 23, 2025 F | 356,597 | 0 | 0 | $0 |
| Robert P Austin | Chief Operating Officer | Dec. 11, 2024 A | 11,937 | 0 | 0 | $0 |
| Marni Morgan Poe | Gen. Counsel & Corp. Secretary | Feb. 21, 2025 X | 545,626 | 0 | 0 | $0 |
| Hih Song Kim | Chief Administrative Officer | Dec. 11, 2024 A | 15,448 | 0 | 0 | $0 |
| Jason R Ausher | Chief Accounting Officer | Dec. 11, 2024 A | 61,250 | 0 | 0 | $0 |
| Priyadarshi Sudhanshu | Director | July 14, 2026 A | 5,712 | 0 | 0 | $0 |
| Steven P Stanbrook | Director | June 30, 2026 A | 195,501 | 0 | 0 | $0 |
| Michael John Cramer | Director | Aug. 14, 2025 P | 12,762 | 0 | 0 | $0 |
| Dean C. Metropoulos | Director | June 30, 2025 A | 15,782 | 0 | 0 | $0 |
| Britta Bomhard | Director | May 1, 2025 A | 62,619 | 0 | 0 | $0 |
| Susan E. Cates | Director | May 1, 2025 A | 72,473 | 0 | 0 | $0 |
| Kurtis T Barker | Director | May 1, 2025 A | 8,762 | 0 | 0 | $0 |
| Jeremy S G Fowden | Director | May 1, 2025 A | 1,292,076 | 0 | 0 | $0 |
| Billy D Prim | Director | May 1, 2025 A | 1,078,019 | 0 | 0 | $0 |
| Eric J Foss | — | Aug. 10, 2026 P | 573,806 | 2 | 0 | $1,999,250 |
| Tony W. Lee | — | Aug. 7, 2026 S | 95,800,466 | 0 | 1 | $-497,399,986 |
Insiders from SEC Form 3/4/5 filings; net = open-market P/S only
Activists & 5%+ owners 1 position
Investors who filed SEC Schedule 13D — beneficial ownership above 5% with an intent to influence the issuer (activist stakes, board campaigns, M&A). Each row shows the most recent known state of that filer's position.
| Filer | Filed | Stake | Status | Purpose | Filing |
|---|---|---|---|---|---|
| ORCP III DE TopCo GP, LLC, Triton Water Parent Holdings, LP, Scott Spielvogel, Tony W. Lee, Triton Water Equity Holdings, LP, Triton Water Equity Holdings, GP, LLC, Triton Water Forward Holdings, LP, Triton Water Forward Holdings GP, LLC ×8 filings | Aug. 10, 2026 | 26.50% | Amendment | Capital structure | SEC |
Purpose is an automated classification of the filer's own stated purpose (SEC Item 4) — not investment advice. "—" means no clear purpose was stated or the text could not be classified.
ETF ownership Held by 65 ETFs
Weight reflects direct equity holdings (N-PORT) only; leveraged or derivative-based funds may hold additional swap exposure not shown.
| Fund | Weight | Units | As of | Source |
|---|---|---|---|---|
| AQWA · Global X Funds | 3.64% | 34,904 NS | May 31, 2026 | N-PORT |
| PSL · Invesco Exchange-Traded Fund Trust | 1.96% | 69,817 SH | Aug. 20, 2026 | Daily |
| SMCO · Tidal Trust II | 1.85% | 117,305 NS | April 30, 2026 | N-PORT |
| FXG · First Trust Exchange-Traded AlphaDE… | 1.77% | 211,987 NS | April 30, 2026 | N-PORT |
| RSMC · Tidal Trust III | 1.55% | 574,674 NS | April 30, 2026 | N-PORT |
| TBLU · Tortoise Capital Series Trust | 0.98% | 20,967 NS | May 31, 2026 | N-PORT |
| BKLN · Invesco Exchange-Traded Fund Trust … | 0.79% | 54,043,845.32 | Aug. 20, 2026 | Daily |
| FFSM · FIDELITY COVINGTON TRUST | 0.48% | 302,905 NS | April 30, 2026 | N-PORT |
| VDC · VANGUARD WORLD FUND | 0.40% | 1,509,557 SH | Aug. 19, 2026 | Daily |
| FSTA · FIDELITY COVINGTON TRUST | 0.33% | 230,835 NS | April 30, 2026 | N-PORT |
| IYK · iShares Trust | 0.28% | 170,309 SH | Aug. 20, 2026 | Daily |
| FFLV · FIDELITY COVINGTON TRUST | 0.25% | 2,130 NS | April 30, 2026 | N-PORT |
| IQSM · New York Life Investments ETF Trust | 0.21% | 32,062 NS | April 30, 2026 | N-PORT |
| INFO · Harbor ETF Trust | 0.19% | 70,197 NS | April 30, 2026 | N-PORT |
| ISCV · iShares Trust | 0.18% | 53,712 SH | Aug. 20, 2026 | Daily |
| EQAL · Invesco Exchange-Traded Fund Trust … | 0.17% | 59,411 SH | Aug. 20, 2026 | Daily |
| VBK · VANGUARD INDEX FUNDS | 0.16% | 3,121,452 SH | Aug. 19, 2026 | Daily |
| FNX · First Trust Exchange-Traded AlphaDE… | 0.15% | 96,406 NS | April 30, 2026 | N-PORT |
| BKMC · BNY Mellon ETF Trust | 0.13% | 40,613 NS | April 30, 2026 | N-PORT |
| SCHM · SCHWAB STRATEGIC TRUST | 0.11% | 673,758 NS | May 31, 2026 | N-PORT |
| ESML · iShares Trust | 0.09% | 116,336 SH | Aug. 20, 2026 | Daily |
| AVIE · AMERICAN CENTURY ETF TRUST | 0.09% | 385 NS | May 31, 2026 | N-PORT |
| ISCB · iShares Trust | 0.09% | 10,877 SH | Aug. 20, 2026 | Daily |
| BBMC · J.P. Morgan Exchange-Traded Fund Tr… | 0.08% | 83,303 NS | April 30, 2026 | N-PORT |
| SMMD · iShares Trust | 0.08% | 135,406 SH | Aug. 20, 2026 | Daily |
| VXF · VANGUARD INDEX FUNDS | 0.07% | 2,832,545 SH | Aug. 19, 2026 | Daily |
| VB · VANGUARD INDEX FUNDS | 0.07% | 5,410,444 SH | Aug. 19, 2026 | Daily |
| AVDS · AMERICAN CENTURY ETF TRUST | 0.06% | 7,887 NS | May 31, 2026 | N-PORT |
| AVMC · AMERICAN CENTURY ETF TRUST | 0.06% | 10,269 NS | May 31, 2026 | N-PORT |
| IWS · iShares Trust | 0.06% | 396,362 SH | Aug. 20, 2026 | Daily |
| EBI · RBB Fund Trust | 0.05% | 14,121 NS | May 31, 2026 | N-PORT |
| WSML · iShares Trust | 0.05% | 14,414 SH | Aug. 20, 2026 | Daily |
| FNDA · SCHWAB STRATEGIC TRUST | 0.05% | 165,194 NS | May 31, 2026 | N-PORT |
| IWR · iShares Trust | 0.04% | 1,075,175 SH | Aug. 20, 2026 | Daily |
| MSSM · MORGAN STANLEY PATHWAY FUNDS | 0.03% | 10,032 NS | May 31, 2026 | N-PORT |
| DIVB · iShares Trust | 0.03% | 23,502 SH | Aug. 20, 2026 | Daily |
| SCHV · SCHWAB STRATEGIC TRUST | 0.02% | 126,590 NS | May 31, 2026 | N-PORT |
| VYM · VANGUARD WHITEHALL FUNDS | 0.02% | 968,197 SH | Aug. 19, 2026 | Daily |
| VONV · VANGUARD SCOTTSDALE FUNDS | 0.02% | 147,232 SH | Aug. 19, 2026 | Daily |
| GVUS · Goldman Sachs ETF Trust | 0.02% | 3,081 NS | May 31, 2026 | N-PORT |
| IWD · iShares Trust | 0.02% | 541,724 SH | Aug. 20, 2026 | Daily |
| AVSD · AMERICAN CENTURY ETF TRUST | 0.01% | 2,500 NS | May 31, 2026 | N-PORT |
| TILT · FlexShares Trust | 0.01% | 12,012 NS | April 30, 2026 | N-PORT |
| VTI · VANGUARD INDEX FUNDS | 0.01% | 7,477,888 SH | Aug. 19, 2026 | Daily |
| VONE · VANGUARD SCOTTSDALE FUNDS | 0.01% | 39,511 SH | Aug. 19, 2026 | Daily |
| VTHR · VANGUARD SCOTTSDALE FUNDS | 0.01% | 20,585 SH | Aug. 19, 2026 | Daily |
| ESGV · VANGUARD WORLD FUND | 0.01% | 55,139 SH | Aug. 19, 2026 | Daily |
| OMFL · Invesco Exchange-Traded Self-Indexe… | 0.01% | 18,729 SH | Aug. 20, 2026 | Daily |
| GUSA · Goldman Sachs ETF Trust II | 0.01% | 8,680 NS | May 31, 2026 | N-PORT |
| SCHX · SCHWAB STRATEGIC TRUST | 0.01% | 267,636 NS | May 31, 2026 | N-PORT |