Primo Brands CorpPRMBEarnings & Financial Report
Primo Brands Corporation is an American-Canadian water company offering multi-gallon bottled water, water dispensers, self-service refill water machines, and water filtration appliances. The company is headquartered in Tampa, Florida, and services residential and commercial customers across the United States, Canada, Europe and Israel.
Revenue
$1.7B
Gross Profit
$540.9M
Operating Profit
$112.8M
Net Profit
$27.6M
Gross Margin
31.3%
Operating Margin
6.5%
Net Margin
1.6%
YoY Growth
31.6%
EPS
$0.07
Financial Flow
Primo Brands Corp Q2 2025 Financial Summary
Primo Brands Corp reported revenue of $1.7B (up 31.6% YoY) for Q2 2025, with a net profit of $27.6M (down 49.4% YoY) (1.6% margin). Cost of goods sold was $1.2B, operating expenses totaled $428.1M.
Key Financial Metrics
| Total Revenue | $1.7B |
|---|---|
| Net Profit | $27.6M |
| Gross Margin | 31.3% |
| Operating Margin | 6.5% |
| Report Period | Q2 2025 |
Revenue Breakdown
Primo Brands Corp Q2 2025 revenue of $1.7B breaks down across 5 segments, led by Regional Spring Water at $875.1M (50.6% of total).
| Segment | Revenue | % of Total |
|---|---|---|
| Regional Spring Water | $875.1M | 50.6% |
| Purified Water | $545.6M | 31.5% |
| Other | $186.7M | 10.8% |
| Premium Water | $87.5M | 5.1% |
| Other Water | $35.2M | 2.0% |
Primo Brands Corp Revenue by Segment — Quarterly Trend
Primo Brands Corp revenue by segment across the last 4 reported quarters, showing how each business line (such as Regional Spring Water and Purified Water) has evolved quarter over quarter.
| Segment | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 |
|---|---|---|---|---|
| Regional Spring Water | $765.1M | $885.6M | $875.1M | $794.1M |
| Purified Water | $484.5M | $557.5M | $545.6M | $514.4M |
| Other | $188.4M | $191.8M | $186.7M | $196.5M |
| Premium Water | $90.3M | $98.2M | $87.5M | $73.9M |
| Other Water | $25.8M | $33.0M | $35.2M | $34.8M |
Primo Brands Corp Annual Revenue by Year
Primo Brands Corp annual revenue history includes year-by-year totals (for example, 2025 revenue was $6.7B).
| Year | Annual Revenue |
|---|---|
| 2025 | $6.7B |
Primo Brands Corp Quarterly Revenue & Net Profit History
Primo Brands Corp results over the last 7 reported quarters, including revenue, net profit and year-over-year growth.
| Quarter | Revenue | Revenue YoY | Net Profit | Net Margin |
|---|---|---|---|---|
| Q4 2025 | $1.6B | — | $-13.0M | -0.8% |
| Q3 2025 | $1.8B | — | $16.8M | 1.0% |
| Q2 2025 | $1.7B | +31.6% | $27.6M | 1.6% |
| Q1 2025 | $1.6B | +42.1% | $28.7M | 1.8% |
| Q3 2024 | $0 | — | $-2.0K | N/A |
| Q2 2024 | $1.3B | — | $54.5M | 4.1% |
| Q1 2024 | $1.1B | — | $33.5M | 2.9% |
Income Statement
| Q1 2024 | Q2 2024 | Q3 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|
| Revenue | $1.14B | $1.31B | $0 | $1.61B | $1.73B | $1.77B | $1.55B |
| YoY Growth | N/A | N/A | N/A | 42.1% | 31.6% | N/A | N/A |
Balance Sheet
| Q1 2024 | Q2 2024 | Q3 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|
| Assets | N/A | N/A | $0 | $10.98B | $11.05B | $10.96B | $10.60B |
| Liabilities | N/A | N/A | $2000 | $7.65B | $7.80B | $7.80B | $7.61B |
| Equity | $-349.8M | $-296.8M | $-2000 | $3.33B | $3.25B | $3.16B | $2.99B |
Cash Flow
| Q1 2024 | Q2 2024 | Q3 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|
| Operating CF | $6.0M | $102.5M | $0 | $38.8M | $155.0M | $283.4M | $203.1M |