Filing Flows › Primo Brands (PRMB) › Q2 2025
Primo Brands (PRMB) Q2 2025 earnings results (second quarter 2025)
10-Q filed Aug 7, 2025
Primo Brands (PRMB) reported revenue of $1.7B for the second quarter 2025 (Q2 2025), +32% from a year earlier and +7% from the quarter before. Operating margin was 6.5%, net earnings $27.6M (1.6% of revenue).
Primo Brands, Q2 2025: revenue $1.7B (+32% year over year), operating margin 6.5%, net earnings $27.6M, operating cash flow $155M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.7B | +7% | +32% |
| Gross profit | $541M | +4% | +26% |
| Operating profit | $113M | -26% | -29% |
| Net earnings | $27.6M | -4% | -49% |
| Operating cash flow | $155M | +299% | +51% |
| Free cash flow | $101M | — | +65% |
What changed
Revenue was $1.7B in Q2 2025, up 32% year over year and up 7% from the previous quarter. Regional spring water was the largest line at 51% of revenue. Purified water added $0.22B year over year (up 66%), 52% of the total change. Other water declined 15%.
Gross margin was 31.3%, down 1.4 points from a year earlier. Operating profit was $0.11B, a 6.5% margin (down 5.6 points year over year). Operating profit fell $0.05B even though revenue rose $0.42B versus a year earlier, so costs grew faster than sales. Operating expenses grew 58% against revenue growth of 32%. The fastest-growing cost line was Other operating costs (+241%). Net earnings were $0.03B, down 49% year over year. The effective tax rate was 37.1%.
Operating cash flow was $0.15B (up 51% year over year), 562% of net earnings. Non-cash charges added back $0.15B of depreciation and amortization and $0.01B of share-based compensation. Working capital and other items used $0.03B. Capital expenditures of $0.05B left free cash flow of $0.10B.
Questions
What was Primo Brands' revenue in the second quarter 2025?
Primo Brands (PRMB) reported revenue of $1.7B for the second quarter 2025 (Q2 2025), +32% from a year earlier and +7% from the quarter before.
Was Primo Brands profitable in the second quarter 2025?
Operating profit was $113M (6.5% of revenue) and net earnings $27.6M.
Source: Primo Brands 10-Q on SEC EDGAR.