← Research LibraryThe BriefFY2025 10-K · headline figures audited against SEC data
Primo Brands, the bottled-water group formed when BlueTriton merged with Primo Water, grew revenue 29.3% to $6.66B in its first full combined year, but operating margin slipped 53 bps, integration costs ran high, and the CEO was replaced in November 2025
The read at a glance✓ Audited against SEC data
- Growth — Revenue up 29.3% to $6.66B, almost all from adding Primo WaterWatch
- Profitability — Operating margin 6.46%, down 53 bps; net income $60.1MWatch
- Balance sheet — $5,157.9 million of debt; equity down 13.1%Watch
- Accounting quality — Distress-zone balance-sheet score; no manipulation flagWatch
- Capital allocation — Buybacks $421.5M and dividends $151.3M in 2025Note
- Insider signal — CEO, CFO and two directors bought; sponsor sold in an offeringOK
Business
Primo Brands sells branded bottled water in North America: Poland Spring and Pure Life, regional spring brands such as Arrowhead, Deer Park, Ice Mountain, Ozarka and Zephyrhills, premium Saratoga and The Mountain Valley, and purified Primo Water and Sparkletts. It reaches more than 200,000 retail outlets and also delivers to homes and offices and runs water exchange at about 26,500 retail locations and over 23,500 refill stations. It was formed on November 8, 2024, when BlueTriton, the former Nestle Waters North America, combined with Primo Water.
Where the revenue comes from
Fiscal 2025, as Primo Brands Corp reports it. History and quarterly detail are in the app.
- Regional spring water$3.3B
- Purified water$2.1B
- Other$763.4M
- Premium water$349.9M
- Other water$128.8M
Leadership changes
From Primo Brands Corp's own filings, the day they're filed.
- Andrea Brimmer · director · appointmenteff. 2026-05-15
- Kimberly Reed · Directors · departureeff. 2026-01-15
- Minsok Pak · director · departureeff. 2026-01-15
Latest filings
- 8-K · Company announcement2026-08-20
- 8-K · Company announcement2026-08-10
- 8-K · Company announcement2026-08-05
- 10-Q · Quarterly report2026-08-05
- 8-K · Company announcement2026-07-16
In the full recordFree for 14 days
- What changed🔒
- Insider signal🔒
- Growth quality🔒
- Margins & accounting🔒
- Capital allocation🔒
- Real risks🔒
- The long arc🔒
- Company history🔒
- The filings, readable — with what changed vs the prior year highlighted🔒
- Full financial statements, industry-aware, sources cited throughout🔒
- Forensic score history & components — the trend, not one year🔒
- Ownership: insider buys/sells, clusters, activist stakes🔒
- Ana — ask about Primo Brands Corp, every answer cited to the official filings🔒
Every figure comes from the company's filings, and analysis whose figures don't match SEC data is rejected before publication.
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