Primo Brands Corporation

PRMBNYSEConsumer Defensive● Active

$22.95

$-0.07(-0.30%)

Market Cap$8.3B

P/E Ratio—

52W High$31.49

52W Low$14.36

Avg Volume4.3M

Open$22.93

Beta0.71

Overview

Primo Brands Corporation (PRMB) Free Cash Flow & Analysis

Annual & trailing free cash flow, FCF margin, YoY change, valuation ratios, and peer context.

PRMB · free cash flow · updated Jun 8, 2026

Core FCF metrics

PRMB · FCF · TTM · margin & CAGR

Free cash flow was $310.0M for FY2025 (fiscal year ending 2025-12-31), down 2.2% year-over-year The FCF margin was 4.7%. Five-year CAGR stands at +37.9%.

FY2025 Free Cash Flow$310.0M▼ -2.2% YoY

Trailing 12M (TTM)$337.8Mtrailing 4 quarters sum

FCF Margin4.7%$310.0M ÷ revenue

3-Year CAGR+37.4%FY2022 → FY2025

5-Year CAGR+37.9%FY2020 → FY2025

FormulaFCF = Operating Cash Flow − Capital ExpendituresTTM = trailing 4 quarters sumCAGR → N/A if either endpoint ≤ 0

Source: FMP /cash-flow-statement · SEC 10-K / 10-Q · USDUpdated: Jun 8, 2026

Annual free cash flow history

FCF ($B, upper) · YoY Growth % (lower)

Positive FCFNegative FCF

Free Cash Flow

YoY Growth %

Annual free cash flow data

PRMB · free cash flow history · annual / quarterly

Fiscal YearOperating CFCapExFree Cash FlowYoY ChangeFCF Margin

FY2025Latest$687.4M(377M)$310.0M▼ 2.2%4.7%

FY2024$467.2M(150M)$317.0M▲ +170.2%6.2%

FY2023$320.9M(204M)$117.3M▼ 1.8%2.5%

FY2022$281.6M(162M)$119.5M▲ +25.7%7.1%

FY2021$247.1M(152M)$95.1M▲ +52.9%4.6%

FCF = Operating Cash Flow − Capital Expenditures · CapEx shown as (negative) · Source: SEC filings via FMP

FCF valuation metrics

PRMB · P/FCF · FCF yield · FCF per share

Primo Brands Corporation (PRMB) trades at a FCF yield of 4.06% and a price-to-free-cash-flow ratio of 25.5x. FCF per share stands at $0.90, calculated using trailing twelve-month FCF divided by basic weighted-average shares outstanding.

FCF Yield (TTM)

4.06%

Free Cash Flow ÷ Market Cap

per FMP freeCashFlowYieldTTM definition

FCF per Share (TTM)

$0.90

TTM FCF ÷ Shares Outstanding

Price / FCF

x25.5

Share Price ÷ FCF per Share

EV / FCF (TTM)

x40.7

Enterprise Value basis

Source: FMP /key-metrics-ttm · /cash-flow-statement Q · /income-statementFY2025 · 2025-12-31

Cash flow statement summary

PRMB · cash flow statement · operating / investing / financing

For FY2025, Primo Brands Corporation generated $687.4M in operating cash flow and spent 377M in capital expenditures, yielding $310.0M in free cash flow.

Operating Activities

+$687.4M

Cash from core business operations

2025-12-31

Investing Activities

−$299.1M

CapEx, acquisitions & investments

2025-12-31

Financing Activities

−$634.2M

Buybacks, dividends & debt

2025-12-31

FCF FormulaOperating CF ($687.4M) − |CapEx| (377M) = FCF ($310.0M)

For the complete Operating / Investing / Financing line-item breakdown:

View Full Cash Flow Statement →

Free cash flow vs peers (Consumer Defensive)

PRMB vs peers · FCF

#CompanyFree Cash FlowYoYFCF MarginRelative

Primo Brands CorporationYOU

PRMB

$310.0M-2.2%4.7%

The Procter & Gamble Company

$14.04B-15.0%16.7%

94%

Philip Morris International Inc.

$10.66B-1.0%26.2%

71%

Costco Wholesale Corporation

COST

$7.84B+18.2%2.8%

53%

The Coca-Cola Company

$5.30B+11.7%11.0%

35%

Consumer Defensive · Sorted by FCF · FMP /cash-flow-statementFull FCF Rankings →

About Free Cash Flow & Methodology

Primo Brands Corporation (PRMB) reported free cash flow of $310.0M for FY2025 (fiscal year ending 2025-12-31), down 2.2% year-over-year. The FCF margin was 4.7%.

Based on available data, Primo Brands Corporation has maintained positive free cash flow for at least 15 fiscal year(s). FCF peaked at $317.0M in FY2024. The 5-year CAGR stands at +37.9%.

Primo Brands Corporation's FCF yield is 4.06% and price-to-FCF ratio is 25.5x for FY2025, based on the latest available data.

Data sourced from FMP /cash-flow-statement · SEC 10-K / 10-Q · USD.

Q&A and summaries align with SEC 10-K/10-Q cash flow disclosures and FMP /cash-flow-statement where noted.

Revenue Financial statements Net income Earnings Forecast Price history Market cap Cash on hand P/E ratio

Frequently asked questions

PRMB free cash flow · 8 questions

Primo Brands Corporation free cash flow was $310.0M for FY2025, down 2.2% year-over-year. On a trailing twelve-month (TTM) basis, free cash flow stands at $337.8M.

PRMB free cash flowPRMB FCFPRMB FCF 2025PRMB free cash flow TTM

▸ Source: FMP /cash-flow-statement · US GAAP · Primo Brands Corporation · Primo Brands Corporation SEC 10-K & 10-Q filings · US GAAP · Last updated: Jun 8, 2026