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Our Company When used in this report, the terms the Company, our Company, Primo Brands , we, us, or our refers to Primo Brands Corporation, together with its consolidated subsidiaries, for periods following the Transaction (as defined below) and to Triton Water Parent, Inc. and its consolidated subsidiaries (collectively, BlueTriton ) and/or Primo Water Corporation and its consolidated subsidia…
$23.49
+$0.40 (+1.73%)
Price from 12 days ago
Operating margin is thin at 6.46%. Limited cushion if revenue slows or costs rise, not the profile of a wide-moat business.
Revenue grew 29.3%, still solid. Margins contracted 4.6pp, which offsets some of the top-line progress.
At 157x earnings, the current multiple leaves limited room for execution misses or growth deceleration. ROIC dropped from 8.09% to 4.04%, capital efficiency is deteriorating.
156.6x earnings, 26.4x FCF. The market is pricing in years of above-average growth. If that thesis breaks, downside from multiple compression alone could be 30%+. This is a stock where you're paying for the future, not the present.
Based on TTM earnings · Diluted shares
Profitability & Returns
Revenue (TTM)
$6.68B
▲ +29.3% YoY
Net Income (TTM)
$59M
▲ +466.5% YoY
Op. Margin
6.07%
▼ -4.6pp YoY
ROIC
3.87%
▼ -4.1pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
$325M
▼ -3.4% YoY
Op. Cash Flow (TTM)
$745M
▲ +46.7% YoY
Net Debt
$5.42B
Cash & Equiv.
$288M
3Y CAGR: +14.5%
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