NYSE : BRBR
BellRing Brands, Inc. — Financial statements
Consumer Staples · Packaged Foods · United States
Last price 9.17 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 1.07B
Overview · Financial statements · Key statistics · Dividends · Company profile · Price history · Reports
Financial statements
BellRing Brands, Inc. (BRBR) reported revenue of 2.35B USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year October - September; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 2.35B | 2.32B | 2.00B | 1.67B | 1.37B | 1.25B |
| Cost of Revenue | 1.68B | 1.55B | 1.29B | 1.14B | 949.70M | 860.90M |
| Gross Profit | 673.20M | 770.40M | 707.30M | 530.20M | 421.80M | 386.20M |
| Selling, General & Admin | 344.10M | 327.00M | 284.60M | 211.30M | 189.70M | 162.20M |
| Amortization of Goodwill & Intangibles | 17.00M | 17.00M | 17.60M | 19.50M | 19.70M | 21.30M |
| Other Operating Expenses | -100.00K | |||||
| Operating Expenses | 361.10M | 344.00M | 302.20M | 230.80M | 209.40M | 183.40M |
| Operating Income | 312.10M | 426.40M | 405.10M | 299.40M | 212.40M | 202.80M |
| Interest Expense | -79.10M | -68.40M | -58.30M | -66.90M | -49.20M | -43.20M |
| EBT Excluding Unusual Items | 233.00M | 358.00M | 346.80M | 232.50M | 163.20M | 159.60M |
| Merger & Restructuring Charges | -17.40M | -7.10M | -4.70M | |||
| Asset Writedown | -29.90M | |||||
| Legal Settlements | -69.00M | -5.00M | ||||
| Other Unusual Items | -17.60M | -1.80M | ||||
| Pretax Income | 233.00M | 289.00M | 329.40M | 220.40M | 145.60M | 123.20M |
| Income Tax Expense | 61.60M | 72.80M | 82.90M | 54.90M | 29.60M | 8.80M |
| Earnings From Continuing Operations | 171.40M | 216.20M | 246.50M | 165.50M | 116.00M | 114.40M |
| Minority Interest in Earnings | -33.70M | -86.80M | ||||
| Net Income | 171.40M | 216.20M | 246.50M | 165.50M | 82.30M | 27.60M |
| Net Income to Common | 171.40M | 216.20M | 246.50M | 165.50M | 82.30M | 27.60M |
| Shares Outstanding (Basic) | 119.25M | 126.90M | 130.30M | 133.00M | 93.50M | 39.50M |
| Shares Outstanding (Diluted) | 119.72M | 128.50M | 132.30M | 134.10M | 93.80M | 39.70M |
| EPS (Basic) | 1.44 | 1.70 | 1.89 | 1.24 | 0.88 | 0.70 |
| EPS (Diluted) | 1.43 | 1.68 | 1.86 | 1.23 | 0.88 | 0.70 |
| Free Cash Flow | 225.00M | 255.90M | 197.80M | 213.80M | 19.20M | 224.50M |
| Free Cash Flow Per Share | 1.88 | 1.99 | 1.50 | 1.59 | 0.20 | 5.66 |
| Gross Margin | 28.59% | 33.26% | 35.43% | 31.81% | 30.75% | 30.97% |
| Operating Margin | 13.26% | 18.41% | 20.29% | 17.96% | 15.49% | 16.26% |
| Profit Margin | 7.28% | 9.33% | 12.35% | 9.93% | 6.00% | 2.21% |
| Free Cash Flow Margin | 9.56% | 11.05% | 9.91% | 12.83% | 1.40% | 18.00% |
| EBITDA | 331.90M | 445.00M | 424.20M | 320.60M | 233.70M | 226.60M |
| EBITDA Margin | 14.10% | 19.21% | 21.25% | 19.23% | 17.04% | 18.17% |
| D&A For EBITDA | 19.80M | 18.60M | 19.10M | 21.20M | 21.30M | 23.80M |
| EBIT | 312.10M | 426.40M | 405.10M | 299.40M | 212.40M | 202.80M |
| EBIT Margin | 13.26% | 18.41% | 20.29% | 17.96% | 15.49% | 16.26% |
| Effective Tax Rate | 26.44% | 25.19% | 25.17% | 24.91% | 20.33% | 7.14% |
| Advertising Expenses | 75.20M | 61.30M | 40.90M |
Balance sheet
Fiscal year October - September; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 50.40M | 71.80M | 70.80M | 48.40M | 35.80M | 152.60M |
| Cash & Short-Term Investments | 50.40M | 71.80M | 70.80M | 48.40M | 35.80M | 152.60M |
| Accounts Receivable | 216.30M | 205.20M | 205.30M | 147.00M | 151.50M | 96.80M |
| Other Receivables | 18.20M | 15.10M | 21.20M | 21.80M | 7.10M | |
| Receivables | 216.30M | 223.40M | 220.40M | 168.20M | 173.30M | 103.90M |
| Inventory | 480.60M | 330.40M | 286.10M | 194.30M | 199.80M | 117.90M |
| Prepaid Expenses | 25.10M | 19.90M | 15.10M | 13.30M | 12.40M | 13.70M |
| Restricted Cash | 600.00K | 17.30M | 300.00K | |||
| Other Current Assets | 6.50M | 2.70M | ||||
| Total Current Assets | 779.50M | 665.50M | 592.70M | 424.20M | 421.30M | 388.10M |
| Property, Plant & Equipment | 30.50M | 45.20M | 15.00M | 15.90M | 15.50M | 18.60M |
| Goodwill | 65.90M | 65.90M | 65.90M | 65.90M | 65.90M | 65.90M |
| Other Intangible Assets | 112.20M | 125.00M | 141.80M | 176.80M | 203.30M | 223.10M |
| Long-Term Deferred Tax Assets | 24.90M | 32.40M | 12.90M | 4.20M | ||
| Other Long-Term Assets | 39.10M | 7.00M | 8.70M | 4.60M | 1.20M | 800.00K |
| Total Assets | 1.05B | 941.00M | 837.00M | 691.60M | 707.20M | 696.50M |
| Accounts Payable | 167.70M | 119.50M | 121.00M | 89.00M | 93.80M | 91.90M |
| Accrued Expenses | 29.60M | 31.90M | 20.20M | 18.30M | 18.20M | |
| Current Portion of Long-Term Debt | 121.00M | |||||
| Current Portion of Leases | 2.60M | 2.20M | 2.10M | 1.90M | 2.30M | |
| Other Current Liabilities | 178.10M | 131.10M | 48.60M | 38.90M | 29.50M | 17.90M |
| Total Current Liabilities | 345.80M | 282.80M | 203.70M | 150.20M | 143.50M | 251.30M |
| Long-Term Debt | 1.14B | 1.08B | 833.10M | 856.80M | 929.50M | 482.30M |
| Long-Term Leases | 37.80M | 26.90M | 4.30M | 6.10M | 6.60M | 8.60M |
| Long-Term Deferred Tax Liabilities | 400.00K | 400.00K | 400.00K | 400.00K | 2.20M | 7.60M |
| Other Long-Term Liabilities | 500.00K | 1.40M | 1.60M | 1.60M | 12.20M | |
| Total Liabilities | 1.52B | 1.39B | 1.04B | 1.02B | 1.08B | 762.00M |
| Common Stock | 1.40M | 1.40M | 1.40M | 1.40M | 1.40M | 400.00K |
| Additional Paid-In Capital | 58.60M | 48.70M | 37.30M | 19.30M | 7.00M | |
| Retained Earnings | 384.40M | 272.60M | 56.40M | -190.10M | -355.60M | -3.06B |
| Treasury Stock | -910.10M | -775.60M | -299.00M | -151.00M | -24.70M | |
| Comprehensive Income & Other | -1.50M | -1.00M | -2.00M | -3.10M | -4.30M | -3.50M |
| Total Common Equity | -467.20M | -453.90M | -205.90M | -323.50M | -376.20M | -3.06B |
| Minority Interest | 3.00B | |||||
| Shareholders' Equity | -467.20M | -453.90M | -205.90M | -323.50M | -376.20M | -65.50M |
| Total Liabilities & Equity | 1.05B | 941.00M | 837.00M | 691.60M | 707.20M | 696.50M |
| Total Debt | 1.17B | 1.11B | 839.60M | 865.00M | 938.00M | 614.20M |
| Net Cash (Debt) | -1.12B | -1.04B | -768.80M | -816.60M | -902.20M | -461.60M |
| Net Cash Per Share | -9.38 | -8.11 | -5.81 | -6.09 | -9.62 | -11.63 |
| Filing Date Shares Outstanding | 116.28M | 119.67M | 128.78M | 131.08M | 135.39M | 39.56M |
| Total Common Shares Outstanding | 116.28M | 120.80M | 128.80M | 131.25M | 135.30M | 39.51M |
| Working Capital | 433.70M | 382.70M | 389.00M | 274.00M | 277.80M | 136.80M |
| Book Value Per Share | -4.02 | -3.76 | -1.60 | -2.46 | -2.78 | -77.52 |
| Tangible Book Value | -645.30M | -644.80M | -413.60M | -566.20M | -645.40M | -3.35B |
| Tangible Book Value Per Share | -5.55 | -5.34 | -3.21 | -4.31 | -4.77 | -84.83 |
| Land | 800.00K | 800.00K | 700.00K | 700.00K | 800.00K | |
| Buildings | 5.50M | 4.50M | 5.60M | 5.40M | 5.50M | |
| Machinery | 15.50M | 14.30M | 14.10M | 12.60M | 12.60M | |
| Construction In Progress | 10.00M | 600.00K | 1.20M | 500.00K | 600.00K |
Cash flow statement
Fiscal year October - September; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 171.40M | 216.20M | 246.50M | 165.50M | 82.30M | 27.60M |
| Depreciation & Amortization | 19.80M | 18.60M | 19.10M | 21.20M | 21.30M | 23.80M |
| Asset Writedown & Restructuring Costs | 17.40M | 7.10M | 29.90M | |||
| Stock-Based Compensation | 22.80M | 22.10M | 21.00M | 14.20M | 9.80M | 4.60M |
| Other Operating Activities | -12.00M | -19.70M | -6.80M | -4.80M | 48.70M | 89.90M |
| Change in Accounts Receivable | 27.10M | -1.30M | -51.60M | 5.50M | -70.70M | -21.00M |
| Change in Inventory | -65.50M | -43.10M | -90.90M | 6.40M | -83.90M | 32.40M |
| Change in Accounts Payable | 69.10M | 69.60M | 49.20M | 3.10M | 10.30M | 42.10M |
| Change in Other Net Operating Assets | 1.40M | -1.80M | -4.30M | -2.60M | 3.20M | -3.20M |
| Operating Cash Flow | 234.10M | 260.60M | 199.60M | 215.60M | 21.00M | 226.10M |
| Capital Expenditures | -9.10M | -4.70M | -1.80M | -1.80M | -1.80M | -1.60M |
| Investing Cash Flow | -9.10M | -4.70M | -1.80M | -1.80M | -1.80M | -1.60M |
| Long-Term Debt Issued | 700.00M | 115.00M | 164.00M | 20.00M | ||
| Long-Term Debt Repaid | -450.00M | -25.00M | -189.00M | -674.90M | -113.80M | |
| Net Debt Issued (Repaid) | 125.00M | 250.00M | -25.00M | -74.00M | -510.90M | -93.80M |
| Repurchase of Common Stock | -352.50M | -486.40M | -150.10M | -127.70M | -42.80M | |
| Other Financing Activities | -1.90M | -1.90M | 418.70M | -27.10M | ||
| Financing Cash Flow | -229.40M | -238.30M | -175.10M | -201.70M | -135.00M | -120.90M |
| Foreign Exchange Rate Adjustments | 500.00K | 400.00K | 500.00K | -1.00M | 300.00K | |
| Net Cash Flow | -3.90M | 18.00M | 22.70M | 12.60M | -116.80M | 103.90M |
| Free Cash Flow | 225.00M | 255.90M | 197.80M | 213.80M | 19.20M | 224.50M |
| Free Cash Flow Margin | 9.56% | 11.05% | 9.91% | 12.83% | 1.40% | 18.00% |
| Free Cash Flow Per Share | 1.88 | 1.99 | 1.50 | 1.59 | 0.20 | 5.66 |
| Levered Free Cash Flow | 201.12M | 266.65M | 162.35M | 195.11M | -5.10M | 178.05M |
| Unlevered Free Cash Flow | 250.56M | 309.40M | 198.79M | 236.93M | 25.65M | 205.05M |
| Cash Interest Paid | 68.30M | 68.30M | 59.60M | 66.60M | 45.00M | 35.70M |
| Cash Income Tax Paid | 89.10M | 89.10M | 93.20M | 60.90M | 34.60M | 12.00M |
| Change in Working Capital | 32.10M | 23.40M | -97.60M | 12.40M | -141.10M | 50.30M |
Ratios
Fiscal year October - September; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 1.07B | 4.58B | 7.85B | 5.42B | 2.81B | 1.21B |
| Enterprise Value | 2.19B | 5.55B | 8.61B | 6.31B | 3.69B | 4.80B |
| Last Close Price | 9.17 | 36.35 | 60.72 | 41.23 | 20.61 | 30.75 |
| PE Ratio | 6.42 | 21.18 | 31.84 | 32.75 | 34.12 | 44.02 |
| Forward PE | 7.58 | 16.18 | 29.94 | 27.60 | 17.64 | 30.04 |
| PS Ratio | 0.45 | 1.98 | 3.93 | 3.25 | 2.05 | 0.97 |
| PB Ratio | -10.09 | -38.11 | -16.75 | -7.46 | -18.55 | |
| P/FCF Ratio | 4.74 | 17.89 | 39.67 | 25.35 | 146.25 | 5.41 |
| P/OCF Ratio | 4.55 | 17.57 | 39.32 | 25.14 | 133.71 | 5.37 |
| PEG Ratio | 1.77 | 1.44 | 1.85 | 1.12 | 1.03 | |
| EV/Sales Ratio | 0.93 | 2.40 | 4.32 | 3.79 | 2.69 | 3.85 |
| EV/EBITDA Ratio | 6.60 | 12.47 | 20.31 | 19.69 | 15.78 | 21.20 |
| EV/EBIT Ratio | 7.01 | 13.01 | 21.26 | 21.08 | 17.36 | 23.69 |
| EV/FCF Ratio | 9.73 | 21.68 | 43.55 | 29.52 | 192.06 | 21.40 |
| Debt / Equity Ratio | -2.51 | -2.45 | -4.08 | -2.67 | -2.49 | -9.38 |
| Debt / EBITDA Ratio | 3.47 | 2.47 | 1.96 | 2.66 | 3.93 | 2.66 |
| Debt / FCF Ratio | 5.21 | 4.35 | 4.25 | 4.05 | 48.85 | 2.74 |
| Net Debt / Equity Ratio | -2.40 | -2.30 | -3.73 | -2.52 | -2.40 | -7.05 |
| Net Debt / EBITDA Ratio | 3.38 | 2.34 | 1.81 | 2.55 | 3.86 | 2.04 |
| Net Debt / FCF Ratio | 4.99 | 4.07 | 3.89 | 3.82 | 46.99 | 2.06 |
| Asset Turnover | 2.30 | 2.61 | 2.61 | 2.38 | 1.95 | 1.85 |
| Inventory Turnover | 3.75 | 5.02 | 5.37 | 5.77 | 5.98 | 6.42 |
| Quick Ratio | 0.77 | 1.04 | 1.43 | 1.44 | 1.46 | 1.02 |
| Current Ratio | 2.25 | 2.35 | 2.91 | 2.82 | 2.94 | 1.54 |
| Return on Assets (ROA) | 19.07% | 29.98% | 33.13% | 26.76% | 18.91% | 18.78% |
| Return on Invested Capital (ROIC) | 32.08% | 49.40% | 51.61% | 40.69% | 33.55% | 39.83% |
| Return on Capital Employed (ROCE) | 44.20% | 64.80% | 64.00% | 55.30% | 37.70% | 45.60% |
| Earnings Yield | 15.58% | 4.72% | 3.14% | 3.05% | 2.93% | 2.27% |
| FCF Yield | 21.10% | 5.59% | 2.52% | 3.94% | 0.68% | 18.48% |
| Buyback Yield / Dilution | 7.94% | 2.87% | 1.34% | -42.96% | -136.27% | -0.51% |