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Primo Brands vs Brown Forman: PRMB and BF-B compared
Primo Brands is the larger company: $1.8B of revenue in its latest quarter (Q3 2026) against $1.2B for Brown Forman (Q1 FY27). Primo Brands is growing faster (+3% against -0.8% a year earlier). Brown Forman is more profitable, with an operating margin of 21.3% against 13.7%.
Where the money goes: PRMB and BF-B
Primo Brands (PRMB) · Q3 2026
Primo Brands, Q3 2026: revenue $1.8B (+3% year over year), operating margin 13.7%, net earnings $124M, operating cash flow $294M. The chart follows the revenue to costs, profit and cash.
Brown Forman (BF-B) · Q1 FY27
Brown Forman, Q1 FY27: revenue $1.2B (-0.8% year over year), operating margin 21.3%, net earnings $176M, operating cash flow $173M. The chart follows the revenue to costs, profit and cash.
| Primo Brands (PRMB) | Brown Forman (BF-B) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q1 FY27 |
| Revenue | $1.8B | $1.2B |
| Revenue growth, Y/Y | +3% | -0.8% |
| Gross margin | 30.4% | 46.5% |
| Operating margin | 13.7% | 21.3% |
| Net earnings | $124M | $176M |
| Net margin | 6.8% | 14.9% |
| Operating cash flow | $294M | $173M |
| Free cash flow | $215M | $161M |
| Market value | $8.0B | $14.1B |
| P/E | 40.8× | 19.5× |
| Analysts’ mean target | $28.36 | $28.26 |
Where the revenue comes from
Primo Brands
- Regional spring water: $912M (50%)
- Purified water: $574M (31%)
- Other: $182M (10%)
- Premium water: $122M (7%)
Brown Forman
- Whiskey: $658M (56%)
- Other revenues: $270M (23%)
- Ready-to-Drink: $154M (13%)
- Tequila: $54.0M (5%)
Questions
Which is bigger, Primo Brands or Brown Forman?
Primo Brands is the larger company: $1.8B of revenue in its latest quarter (Q3 2026) against $1.2B for Brown Forman (Q1 FY27).
Is Primo Brands or Brown Forman growing faster?
Primo Brands is growing faster (+3% against -0.8% a year earlier).
Which is more profitable, Primo Brands or Brown Forman?
Brown Forman is more profitable, with an operating margin of 21.3% against 13.7%.
More: Primo Brands earnings · how Primo Brands makes money · Brown Forman earnings · how Brown Forman makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Nov 5, 2026; 10-Q filed Sep 2, 2026). Fiscal quarters can end on different dates. Not investment advice.