Primo Brands Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '25 Mar 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	5,630	5,153	4,699	4,441	3,357
Revenue Growth (YoY)	20.97%	9.66%	5.80%	32.31%	-
Cost of Revenue	3,833	3,531	3,347	3,447	2,662
Gross Profit	1,797	1,622	1,352	994.2	694.69
Selling, General & Admin	1,160	1,051	924.2	887	655.96
Other Operating Expenses	8.3	6.6	4.9	0.1	-2.51
Operating Expenses	1,168	1,057	929.1	887.1	653.45
Operating Income	629.1	564.4	422.9	107.1	41.24
Interest Expense	-341.8	-339.6	-288.1	-211.8	-136.69
EBT Excluding Unusual Items	284.9	224.8	134.8	-104.7	-95.45
Merger & Restructuring Charges	-238.1	-204.1	-16.9	-83.8	-124.69
Other Unusual Items	-18.6	-	-	8.7	-
Pretax Income	28.2	20.7	117.9	-179.8	-220.15
Income Tax Expense	39.6	33.3	25.1	-53.1	-44.95
Earnings From Continuing Operations	-11.4	-12.6	92.8	-126.7	-175.2
Earnings From Discontinued Operations	-9.8	-3.8	-	-	-
Net Income	-21.2	-16.4	92.8	-126.7	-175.2
Preferred Dividends & Other Adjustments	-	-	28.9	33.8	26.51
Net Income to Common	-21.2	-16.4	63.9	-160.5	-201.71
Shares Outstanding (Basic)	282	242	218	218	1
Shares Outstanding (Diluted)	282	242	218	218	1
Shares Change (YoY)	3.57%	10.98%	0.02%	21117.57%	-
EPS (Basic)	-0.08	-0.07	0.29	-0.74	-196.06
EPS (Diluted)	-0.08	-0.07	0.29	-0.74	-196.06
Free Cash Flow	314.2	317	117.3	-150.2	-27.27
Free Cash Flow Per Share	1.11	1.31	0.54	-0.69	-26.51
Dividend Per Share	0.190	0.090	-	-	-
Gross Margin	31.92%	31.47%	28.77%	22.39%	20.70%
Operating Margin	11.17%	10.95%	9.00%	2.41%	1.23%
Profit Margin	-0.38%	-0.32%	1.36%	-3.61%	-6.01%
Free Cash Flow Margin	5.58%	6.15%	2.50%	-3.38%	-0.81%
EBITDA	1,016	897.7	728.6	433.3	461.67
EBITDA Margin	18.04%	17.42%	15.51%	9.76%	13.75%
D&A For EBITDA	386.7	333.3	305.7	326.2	420.44
EBIT	629.1	564.4	422.9	107.1	41.24
EBIT Margin	11.17%	10.95%	9.00%	2.41%	1.23%
Effective Tax Rate	140.43%	160.87%	21.29%	-	-

Updated May 8, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q