Filing Flows › Primo Brands (PRMB) › Q2 2026 › vs Q2 2025
Primo Brands (PRMB) Q2 2026 vs Q2 2025 (year over year)
Primo Brands's revenue rose $66.1M (+4%) from $1.7B in Q2 2025 to $1.8B in Q2 2026. The biggest changes: Regional spring water +$35.9M (+4%); Premium water +$26.7M (+31%); Purified water +$10.5M (+2%). Gross margin 30.5% against 31.3% (-0.7 pts).
Primo Brands, Q2 2026: revenue $1.8B (+4% year over year), operating margin 10.0%, net earnings $69.2M, operating cash flow $228M. The chart draws each line against Q2 2025, the increases inside each band.
Margins
| Q2 2026 | Q2 2025 | Change | |
|---|---|---|---|
| Gross margin | 30.5% | 31.3% | -0.7 pts |
| Operating margin | 10.0% | 6.5% | +3.5 pts |
| Net margin | 3.9% | 1.6% | +2.3 pts |
| Free cash flow margin | 7.9% | 5.8% | +2.1 pts |
Every line
| Line | Q2 2026 | Q2 2025 | Change | % |
|---|---|---|---|---|
| Regional spring water | $911M | $875M | $35.9M | +4% |
| Purified water | $556M | $546M | $10.5M | +2% |
| Other | $183M | $187M | −$3.6M | -2% |
| Premium water | $114M | $87.5M | $26.7M | +31% |
| Other water | $31.8M | $35.2M | −$3.4M | -10% |
| Revenue | $1.8B | $1.7B | $66.1M | +4% |
| Gross profit | $549M | $541M | $7.8M | +1% |
| Cost of revenue | $1.2B | $1.2B | $58.3M | +5% |
| Operating profit | $180M | $113M | $67.5M | +60% |
| Operating expenses | $368M | $428M | −$59.7M | -14% |
| Pre-tax earnings | $97.1M | $43.9M | $53.2M | +121% |
| Other expense, net | $83.2M | $68.9M | $14.3M | +21% |
| SG&A | $346M | $379M | −$33.1M | -9% |
| Other operating costs | $22.9M | $49.5M | −$26.6M | -54% |
| Net earnings | $69.2M | $27.6M | $41.6M | +151% |
| Income tax | $27.9M | $16.3M | $11.6M | +71% |
| Depreciation & amortization | $142M | $145M | −$3.1M | -2% |
| Share-based compensation | $11.1M | $12.9M | −$1.8M | -14% |
| Working capital & other | $5.4M | −$30.8M | $36.2M | — |
| Operating cash flow | $228M | $155M | $72.9M | +47% |
| Free cash flow (OCF − capex) | $142M | $101M | $41.3M | +41% |
| Capital expenditures | $85.5M | $53.9M | $31.6M | +59% |
Questions
How much did Primo Brands's revenue grow year over year in Q2 2026?
Primo Brands's revenue rose $66.1M (+4%) from $1.7B in Q2 2025 to $1.8B in Q2 2026.
What drove Primo Brands's revenue change in Q2 2026?
Regional spring water +$35.9M (+4%); Premium water +$26.7M (+31%); Purified water +$10.5M (+2%).