Primo Brands Corporation (PRMB) Balance Sheet
PRMB balance sheet, 2025
December 31, 2025 · U.S. dollars$10.60B assets = $7.61B liabilities + $2.99B equity
Both columns are drawn to the same scale: what PRMB owns equals what it owes plus shareholders’ equity. Hover a block for its value.
PRMB financial health
Descriptive bands, not a rating. Fiscal 2025.
PRMB balance sheet trends, 2016–2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $3.94B2016 | $10.60B2025 | +11.6%/yr | |
| Total liabilities | $3.07B2016 | $7.61B2025 | +10.6%/yr | |
| Shareholders’ equity | $868.5M2016 | $2.99B2025 | +14.7%/yr | |
| Cash & short-term investments | $78.1M2016 | $376.9M2025 | +19.1%/yr | |
| Total debt | $2.20B2016 | $5.73B2025 | +11.2%/yr | |
| Net cash (debt) | −$2.12B2016 | −$5.35B2025 | −$3.2B | |
| Working capital | $43.1M2016 | −$64.9M2025 | −$108.0M | |
| Book value per share | $6.772016 | $7.982025 | +1.8%/yr | |
| Current ratio | 1.052016 | 0.952025 | −0.10 | |
| Debt / equity | 2.532016 | 1.912025 | −0.62 | |
| Shares outstanding | 128.3M2016 | 374.9M2025 | +12.7%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
PRMB assets
PRMB liabilities and equity
PRMB debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease obligations.
PRMB balance sheet
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||
| Cash & short-term investments | $376.9M | $614.4M | $47.0M | $78.8M | $128.4M | $115.1M | $156.9M | $170.8M | $91.9M | $78.1M |
| Cash & equivalents | $376.9M | $614.4M | $47.0M | $78.8M | $128.4M | $115.1M | $156.9M | $170.8M | $91.9M | $78.1M |
| Receivables | $431.8M | $444.0M | $397.5M | $170.7M | $261.6M | $222.3M | $216.7M | $308.3M | $285.0M | $276.7M |
| Inventory | $223.5M | $208.4M | $180.4M | $65.3M | $94.6M | $83.8M | $62.9M | $129.6M | $127.6M | $124.6M |
| Other current assets | $185.6M | $262.2M | $73.1M | $223.2M | $25.2M | $21.3M | $205.8M | $27.2M | $429.4M | $373.8M |
| Total current assets | $1.22B | $1.53B | $698.0M | $538.0M | $509.8M | $442.5M | $642.3M | $635.9M | $933.9M | $853.2M |
| Property, plant & equipment (net) | $2.72B | $2.71B | $2.16B | $692.7M | $895.5M | $866.2M | $743.8M | $624.7M | $584.2M | $581.8M |
| Goodwill & intangible assets | $6.57B | $6.76B | $2.24B | $1.72B | $2.29B | $2.27B | $1.64B | $1.88B | $1.86B | $1.81B |
| Long-term investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other non-current assets | $85.6M | $189.0M | $57.0M | $715.3M | $26.9M | $24.1M | $360.3M | $31.8M | $719.2M | $697.4M |
| Total assets | $10.60B | $11.19B | $5.15B | $3.67B | $3.72B | $3.60B | $3.39B | $3.18B | $4.09B | $3.94B |
| Liabilities | ||||||||||
| Accounts payable | $518.9M | $471.6M | $356.5M | $108.0M | $181.4M | $135.2M | $126.5M | $206.1M | $197.2M | $185.9M |
| Short-term debt | $166.2M | $160.0M | $105.7M | $243.3M | $272.1M | $161.1M | $135.8M | $92.0M | $225.4M | $212.2M |
| Deferred revenue | $81.9M | $90.0M | $37.8M | $52.3M | $235.6M | $237.0M | $247.4M | $235.1M | $215.7M | — |
| Total current liabilities | $1.28B | $1.41B | $782.8M | $690.6M | $709.8M | $548.8M | $607.6M | $561.0M | $933.4M | $810.1M |
| Long-term debt | $5.08B | $4.96B | $3.45B | $3.36B | $0 | $0 | $0 | $0 | $0 | $0 |
| Lease obligations | $567.3M | $651.1M | $572.0M | $523.0M | — | — | — | — | — | — |
| Other long-term liabilities | $1.24B | $1.38B | $917.6M | $0 | $1.69B | $1.71B | $1.62B | $1.44B | $2.27B | $2.26B |
| Total liabilities | $7.61B | $7.75B | $5.15B | $2.38B | $2.40B | $2.26B | $2.22B | $2.01B | $3.21B | $3.07B |
| Shareholders' equity | ||||||||||
| Common stock & paid-in capital | $3.7M | $3.8M | — | $1.28B | $1.29B | $1.27B | $892.3M | $899.4M | $917.1M | $909.3M |
| Retained earnings (deficit) | −$2.01B | −$1.51B | −$1.01B | −$9.4M | $16.4M | $81.1M | $265.0M | $298.8M | −$12.2M | $22.9M |
| Accumulated other comprehensive income | −$13.9M | −$17.2M | −$7.5M | −$82.2M | −$69.1M | −$86.7M | −$68.5M | −$101.7M | −$94.4M | −$117.9M |
| Total shareholders' equity | $2.99B | $3.44B | $2.7M | $1.28B | $1.32B | $1.35B | $1.17B | $1.17B | $879.6M | $868.5M |
| Key figures | ||||||||||
| Total debt | $5.73B | $5.68B | $4.05B | $1.62B | $1.74B | $1.65B | $1.55B | $1.34B | $2.29B | $2.20B |
| Net cash (debt) | −$5.35B | −$5.06B | −$4.01B | −$1.54B | −$1.61B | −$1.54B | −$1.39B | −$1.17B | −$2.20B | −$2.12B |
| Working capital | −$64.9M | $117.5M | −$84.8M | −$152.6M | −$200.0M | −$106.3M | $34.7M | $74.9M | $500,000 | $43.1M |
| Tangible book value | −$3.58B | −$3.32B | −$2.23B | −$438.1M | −$971.1M | −$925.0M | −$478.3M | −$712.7M | −$976.2M | −$938.8M |
| Book value per share | $7.98 | $14.21 | $0.02 | $7.92 | $8.21 | $8.66 | $8.62 | $8.41 | $6.32 | $6.77 |
| Shares outstanding | 374.9M | 242.3M | 160.6M | 161.9M | 160.8M | 155.4M | 135.2M | 139.1M | 139.1M | 128.3M |
| Current ratio | 0.95 | 1.08 | 0.89 | 0.78 | 0.72 | 0.81 | 1.06 | 1.13 | 1.00 | 1.05 |
| Quick ratio | 0.63 | 0.75 | 0.57 | 0.36 | 0.55 | 0.61 | 0.61 | 0.85 | 0.40 | 0.44 |
| Debt / equity | 1.91 | 1.65 | 1,501.70 | 1.27 | 1.32 | 1.23 | 1.33 | 1.15 | 2.60 | 2.53 |
| Equity / assets | 28.2% | 30.8% | 0.1% | 35.0% | 35.5% | 37.4% | 34.4% | 36.9% | 21.5% | 22.0% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||||
| Cash & short-term investments | $366.8M | $288.2M | $376.9M | $422.7M | $412.0M | $449.7M | $614.4M | $667.3M | $603.3M | $498.3M | $47.0M | $97.8M |
| Cash & equivalents | $366.8M | $288.2M | $376.9M | $422.7M | $412.0M | $449.7M | $614.4M | $667.3M | $603.3M | $498.3M | $47.0M | $97.8M |
| Short-term investments | — | — | — | — | — | — | — | $492.5M | — | — | — | — |
| Receivables | $575.4M | $535.8M | $431.8M | $550.0M | $587.0M | $504.6M | $444.0M | $185.8M | $164.1M | $161.3M | $397.5M | $277.5M |
| Inventory | $257.0M | $247.9M | $223.5M | $233.9M | $248.3M | $252.2M | $208.4M | $48.6M | $47.3M | $46.3M | $180.4M | $105.8M |
| Other current assets | $217.6M | $214.7M | $185.6M | $259.6M | $255.4M | $186.1M | $262.2M | $96.6M | $104.8M | $152.2M | $73.1M | $45.0M |
| Total current assets | $1.42B | $1.29B | $1.22B | $1.47B | $1.50B | $1.39B | $1.53B | $998.3M | $919.5M | $858.1M | $698.0M | $526.1M |
| Property, plant & equipment (net) | $2.64B | $2.69B | $2.72B | $2.65B | $2.66B | $2.67B | $2.71B | $687.2M | $696.6M | $685.7M | $2.16B | $885.3M |
| Goodwill & intangible assets | $10.11B | $6.54B | $6.57B | $6.67B | $6.71B | $6.73B | $6.76B | $1.72B | $1.73B | $1.71B | $2.24B | $2.16B |
| Long-term investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other non-current assets | $0 | $75.9M | $85.6M | $171.4M | $184.1M | $187.8M | $189.0M | $158.9M | $176.8M | $242.1M | $57.0M | $22.6M |
| Total assets | $10.64B | $10.59B | $10.60B | $10.96B | $11.05B | $10.98B | $11.19B | $3.56B | $3.52B | $3.50B | $5.15B | $3.59B |
| Liabilities | ||||||||||||
| Accounts payable | $556.9M | $498.2M | $518.9M | $561.1M | $1.12B | $1.04B | $471.6M | $282.0M | $280.3M | $250.1M | $356.5M | $396.2M |
| Short-term debt | $159.8M | $162.5M | $166.2M | $164.1M | $163.5M | $162.1M | $160.0M | $41.1M | $40.6M | $39.4M | $105.7M | $205.0M |
| Deferred revenue | — | — | $81.9M | — | — | — | — | — | — | −$250.1M | $37.8M | $15.0M |
| Total current liabilities | $1.35B | $1.32B | $1.28B | $1.43B | $1.42B | $1.31B | $1.41B | $426.1M | $421.1M | $402.0M | $782.8M | $625.3M |
| Long-term debt | $5.08B | $5.08B | $5.08B | $5.02B | $5.02B | $4.98B | $4.96B | $3.75B | $3.80B | $0 | $3.45B | $0 |
| Lease obligations | $540.8M | $555.0M | $567.3M | $613.1M | $633.1M | $643.5M | $651.1M | $517.7M | $529.9M | — | $572.0M | — |
| Other long-term liabilities | $1.23B | $1.23B | $1.24B | $1.35B | $1.36B | $1.37B | $1.38B | $0 | $0 | $1.65B | $917.6M | $1.68B |
| Total liabilities | $7.66B | $7.63B | $7.61B | $7.80B | $7.80B | $7.65B | $7.75B | $2.08B | $2.07B | $2.06B | $5.15B | $2.30B |
| Shareholders' equity | ||||||||||||
| Common stock & paid-in capital | $3.6M | $3.6M | $3.7M | $3.8M | $3.8M | $3.8M | $3.8M | $1.31B | $1.31B | $1.30B | $1.29B | $1.29B |
| Retained earnings (deficit) | −$2.05B | −$2.06B | −$2.01B | −$1.84B | −$1.75B | −$1.64B | −$1.51B | $194.5M | $170.6M | $173.2M | −$1.01B | $3.7M |
| Accumulated other comprehensive income | −$12.0M | −$11.9M | −$13.9M | −$6.1M | −$2.0M | −$12.7M | −$17.2M | −$113.9M | −$113.0M | −$111.3M | −$7.5M | −$86.3M |
| Total shareholders' equity | $2.98B | $2.96B | $2.99B | $3.16B | $3.25B | $3.33B | $3.44B | $1.48B | $1.45B | $1.44B | $2.7M | $1.29B |
| Key figures | ||||||||||||
| Total debt | $5.70B | $5.71B | $5.73B | $5.70B | $5.73B | $5.69B | $5.68B | $1.44B | $1.42B | $1.42B | $4.05B | $1.64B |
| Net cash (debt) | −$5.33B | −$5.42B | −$5.35B | −$5.28B | −$5.31B | −$5.24B | −$5.06B | −$772.0M | −$821.6M | −$922.6M | −$4.01B | −$1.54B |
| Working capital | $70.1M | −$32.8M | −$64.9M | $32.8M | $82.7M | $86.7M | $117.5M | $572.2M | $498.4M | $456.1M | −$84.8M | −$99.2M |
| Tangible book value | −$7.13B | −$3.58B | −$3.58B | −$3.51B | −$3.46B | −$3.40B | −$3.32B | −$235.8M | −$272.4M | −$270.1M | −$2.23B | −$869.3M |
| Book value per share | $8.15 | $8.08 | $7.98 | $8.45 | $8.61 | $8.73 | $11.01 | $9.15 | $6.65 | $6.60 | $0.02 | $8.06 |
| Shares outstanding | 365.7M | 365.8M | 374.9M | 374.1M | 376.8M | 381.6M | 312.9M | 162.1M | 218.6M | 218.6M | 160.5M | 160.0M |
| Current ratio | 1.05 | 0.98 | 0.95 | 1.02 | 1.06 | 1.07 | 1.08 | 2.34 | 2.18 | 2.13 | 0.89 | 0.84 |
| Quick ratio | 0.70 | 0.62 | 0.63 | 0.68 | 0.70 | 0.73 | 0.75 | 2.00 | 1.82 | 1.64 | 0.57 | 0.60 |
| Debt / equity | 1.91 | 1.93 | 1.91 | 1.80 | 1.76 | 1.71 | 1.65 | 0.97 | 0.98 | 0.98 | 1,501.70 | 1.27 |
| Equity / assets | 28.0% | 27.9% | 28.2% | 28.8% | 29.4% | 30.4% | 30.8% | 41.6% | 41.3% | 41.3% | 0.1% | 35.9% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed February 27, 2026); data from EODHD.
PRMB financial position
At the end of fiscal 2025 (December 31, 2025), Primo Brands had total assets of $10.6 billion (down 5.3% from a year earlier), total liabilities of $7.6 billion and shareholders' equity of $3.0 billion. It held $376.9 million in cash and short-term investments against $5.7 billion of debt, net debt of $5.3 billion. Its current ratio was 0.95. In the latest quarter (ended June 30, 2026) total assets were $10.6 billion and equity $3.0 billion.
Related: PRMB income statement, PRMB cash flow statement, PRMB key metrics. See the PRMB stock overview for the latest quote and news.
PRMB balance sheet FAQ
What are Primo Brands's total assets?
Primo Brands reported total assets of $10.6 billion at the end of fiscal 2025 (December 31, 2025), compared with $11.2 billion a year earlier.
How much debt does Primo Brands have?
Primo Brands had $5.7 billion of total debt at the end of fiscal 2025, including short-term borrowings and lease obligations. Its debt-to-equity ratio was 1.91.
How much cash does Primo Brands have?
Primo Brands held $376.9 million in cash and short-term investments at the end of fiscal 2025; with $5.7 billion of debt that is net debt of $5.3 billion.
What is Primo Brands's book value?
Primo Brands's shareholders' equity (book value) was $3.0 billion at the end of fiscal 2025, or $7.98 per share.
What is Primo Brands's current ratio?
Primo Brands had current assets of $1.2 billion and current liabilities of $1.3 billion, a current ratio of 0.95 (current liabilities exceed current assets).
How much goodwill does Primo Brands have?
Primo Brands carried $6.6 billion of goodwill and intangible assets, 62.0% of total assets, at the end of fiscal 2025.