Filing Flows › Primo Brands (PRMB) › Q1 2025
Primo Brands (PRMB) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 8, 2025
Primo Brands (PRMB) reported revenue of $1.6B for the first quarter 2025 (Q1 2025), +42% from a year earlier and +15% from the quarter before. Operating margin was 9.5%, net earnings $28.7M (1.8% of revenue).
Primo Brands, Q1 2025: revenue $1.6B (+42% year over year), operating margin 9.5%, net earnings $28.7M, operating cash flow $38.8M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.6B | +15% | +42% |
| Gross profit | $521M | +21% | +51% |
| Operating profit | $153M | — | +23% |
| Net earnings | $28.7M | — | -14% |
| Operating cash flow | $38.8M | -59% | +547% |
What changed
Revenue was $1.6B in Q1 2025, up 42% year over year and up 15% from the previous quarter. Regional spring water was the largest line at 49% of revenue. Purified water added $0.24B year over year (up 87%), 50% of the total change.
Gross margin was 32.3%, up 1.9 points from a year earlier. Operating profit was $0.15B, a 9.5% margin (down 1.5 points year over year). Of the extra revenue versus a year earlier, 6% reached operating profit, below the 11% margin then. Operating expenses grew 67% against revenue growth of 42%. The fastest-growing cost line was Other operating costs (+1900%). Net earnings were $0.03B, down 14% year over year. The effective tax rate was 38.1%.
Operating cash flow was $0.04B (up 547% year over year), 135% of net earnings. Non-cash charges added back $0.13B of depreciation and amortization and $0.01B of share-based compensation. Working capital and other items used $0.13B. Capital expenditures of $0.06B exceeded it, leaving free cash flow of −$0.02B.
Questions
What was Primo Brands' revenue in the first quarter 2025?
Primo Brands (PRMB) reported revenue of $1.6B for the first quarter 2025 (Q1 2025), +42% from a year earlier and +15% from the quarter before.
Was Primo Brands profitable in the first quarter 2025?
Operating profit was $153M (9.5% of revenue) and net earnings $28.7M.
Source: Primo Brands 10-Q on SEC EDGAR.