BRBR · Bellring Brands, Inc. - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Revenue | $2.32B | $2.00B | $1.67B | $1.37B | $1.25B | $988.30M |
| Cost of Revenue | $1.55B | $1.29B | $1.14B | $949.70M | $860.90M | $650.30M |
| Gross Profit | $770.40M | $707.30M | $530.20M | $421.80M | $386.20M | $338.00M |
| R&D | $16.00M | $14.30M | $12.00M | $11.40M | $11.20M | $9.40M |
| SG&A | $396.00M | $284.60M | $216.30M | $189.70M | $167.10M | $151.80M |
| Total Operating Expenses | - | - | - | - | - | - |
| D&A | $18.60M | $36.50M | $28.30M | $21.30M | $53.70M | $25.30M |
| Operating Income | $357.40M | $387.70M | $287.30M | $212.40M | $168.00M | $164.00M |
| Interest Expense | $68.40M | $58.30M | $66.90M | $49.20M | $43.20M | $54.70M |
| Income Tax | $72.80M | $82.90M | $54.90M | $29.60M | $8.80M | $9.20M |
| Net Income | $216.20M | $246.50M | $165.50M | $82.30M | $27.60M | $23.50M |
| EPS - Basic | $1.70 | $1.89 | $1.24 | $0.88 | $0.70 | $0.60 |
| EPS - Diluted | $1.68 | $1.86 | $1.23 | $0.88 | $0.70 | $0.60 |
Balance Sheet
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $71.80M | $71.10M | $48.40M | $35.80M | $152.60M | $7.80M |
| Accounts Receivable | $223.40M | $220.40M | $168.20M | $173.30M | $103.90M | $83.10M |
| Inventory | $330.40M | $286.10M | $194.30M | $199.80M | $117.90M | $150.50M |
| Accounts Payable | $119.50M | $121.00M | $89.00M | $93.80M | $91.90M | $56.70M |
| Current Assets | $665.50M | $592.70M | $424.20M | $421.30M | $388.10M | $290.20M |
| Total Assets | $941.00M | $837.00M | $691.60M | $707.20M | $696.50M | $653.50M |
| Current Liabilities | $282.80M | $203.70M | $150.20M | $143.50M | $251.30M | $153.10M |
| Long-term Debt | $1.08B | $833.10M | $856.80M | $929.50M | $481.20M | $622.60M |
| Total Liabilities | $1.39B | $1.04B | $1.02B | $1.08B | $762.00M | $814.50M |
| Stockholders' Equity | ($453.90M) | ($205.90M) | ($323.50M) | ($376.20M) | ($3.06B) | ($2.18B) |
| Retained Earnings | $272.60M | $56.40M | ($190.10M) | ($355.60M) | ($3.06B) | ($2.18B) |
Cash Flow
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Operating Cash Flow | $260.60M | $199.60M | $215.60M | $21.00M | $226.10M | $97.20M |
| Investing Cash Flow | ($4.70M) | ($1.80M) | ($1.80M) | ($1.80M) | ($1.60M) | ($2.10M) |
| Financing Cash Flow | ($238.30M) | ($175.10M) | ($201.70M) | ($135.00M) | ($120.90M) | ($52.60M) |
| CapEx | $4.70M | $1.80M | $1.80M | $1.80M | $1.60M | $2.10M |
| Free Cash Flow | $255.90M | $197.80M | $213.80M | $19.20M | $224.50M | $95.10M |
Ratios
| Metric | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Profitability | ||||||
| Gross margin | 33.3% | 35.4% | 31.8% | 30.8% | 31.0% | 34.2% |
| Operating margin | 15.4% | 19.4% | 17.2% | 15.5% | 13.5% | 16.6% |
| EBITDA margin | 16.2% | 21.3% | 18.9% | 17.0% | 17.8% | 19.2% |
| Net margin | 9.3% | 12.3% | 9.9% | 6.0% | 2.2% | 2.4% |
| Free cash flow margin | 11.0% | 9.9% | 12.8% | 1.4% | 18.0% | 9.6% |
| FCF / Net income | 1.18 | 0.80 | 1.29 | 0.23 | 8.13 | 4.05 |
| R&D / Revenue | 0.7% | 0.7% | 0.7% | 0.8% | 0.9% | 1.0% |
| SG&A / Revenue | 17.1% | 14.3% | 13.0% | 13.8% | 13.4% | 15.4% |
| Effective tax rate | 25.2% | 25.2% | 24.9% | 26.5% | 24.2% | 28.1% |
| Return on assets | 23.0% | 29.5% | 23.9% | 11.6% | 4.0% | 3.6% |
| Return on equity | -47.6% | -119.7% | -51.2% | -21.9% | -0.9% | -1.1% |
| Return on invested capital | 42.4% | 46.3% | 40.5% | 28.2% | - | - |
| Liquidity | ||||||
| Current ratio | 2.35 | 2.91 | 2.82 | 2.94 | 1.54 | 1.90 |
| Quick ratio | 1.18 | 1.51 | 1.53 | 1.54 | 1.08 | 0.91 |
| Cash ratio | 0.25 | 0.35 | 0.32 | 0.25 | 0.61 | 0.05 |
| Leverage | ||||||
| Debt / Equity | -2.39 | -4.05 | -2.65 | -2.47 | -0.16 | -0.29 |
| Debt / Assets | 1.15 | 1.00 | 1.24 | 1.31 | 0.69 | 0.95 |
| Debt / EBITDA | 2.88 | 1.96 | 2.71 | 3.98 | 2.17 | 3.29 |
| Interest coverage | 5.2x | 6.7x | 4.3x | 4.3x | 3.9x | 3.0x |
| Equity multiplier | -2.07 | -4.07 | -2.14 | -1.88 | -0.23 | -0.30 |
| Liabilities / Assets | 1.48 | 1.25 | 1.47 | 1.53 | 1.09 | 1.25 |
| Efficiency | ||||||
| Asset turnover | 2.46 | 2.38 | 2.41 | 1.94 | 1.79 | 1.51 |
| Inventory turnover | 4.68 | 4.51 | 5.85 | 4.75 | 7.30 | 4.32 |
| Days sales outstanding | 35d | 40d | 37d | 46d | 30d | 31d |
| Days inventory outstanding | 78d | 81d | 62d | 77d | 50d | 84d |
| Days payable outstanding | 28d | 34d | 29d | 36d | 39d | 32d |
| Cash conversion cycle | 85d | 87d | 71d | 87d | 41d | 83d |
| Valuation | ||||||
| P / E | 21.6x | 32.6x | 33.5x | 23.4x | 43.9x | 34.6x |
| P / B | - | - | - | - | - | - |
| P / S | 2.0x | 4.0x | 3.3x | 1.4x | 1.0x | 0.8x |
| EV / EBITDA | 15.1x | 20.7x | 20.1x | 12.1x | 7.0x | 7.6x |
| Growth | ||||||
| Revenue growth (YoY) | 16.1% | 19.8% | 21.5% | 10.0% | 26.2% | - |
| Revenue CAGR (3y) | 19.1% | 17.0% | 19.0% | - | - | - |
| Revenue CAGR (5y) | 18.6% | - | - | - | - | - |
| Gross profit growth (YoY) | 8.9% | 33.4% | 25.7% | 9.2% | 14.3% | - |
| Operating income growth (YoY) | -7.8% | 34.9% | 35.3% | 26.4% | 2.4% | - |
| Net income growth (YoY) | -12.3% | 48.9% | 101.1% | 198.2% | 17.4% | - |
| EPS growth (YoY) | -9.7% | 51.2% | 39.8% | 25.7% | 16.7% | - |
| EPS CAGR (3y) | 24.1% | 38.5% | 27.0% | - | - | - |
| EPS CAGR (5y) | 22.9% | - | - | - | - | - |
| FCF growth (YoY) | 29.4% | -7.5% | 1013.5% | -91.4% | 136.1% | - |
| FCF CAGR (5y) | 21.9% | - | - | - | - | - |
| Book value growth (YoY) | -120.4% | 36.4% | 14.0% | 87.7% | -40.3% | - |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2025-09-30.
Product / service
$2.32B totalShakesandotherbeverages$1.89B · 81.7%
Powders$366.50M · 15.8%
Other Products$57.20M · 2.5%
Stability scores
Altman Z′
FY 2025 · bankruptcy risk
4.04
Safe
Private-firm variant - uses book equity instead of market cap. > 2.90 safe · 1.23-2.90 grey · < 1.23 distress.
Piotroski F-score
FY 2025 · 9-point quality
5/9
Neutral
- ✓Net income positive
- ✓Operating cash flow positive
- ✗ROA improved YoY
- ✓Cash flow > net income
- ✗Long-term debt decreased
- ✗Current ratio improved
- ✓No share dilution
- ✗Gross margin improved
- ✓Asset turnover improved
Peer comparison
Same SIC group: Food and Kindred Products
Comparing BELLRING BRANDS against the 5 most active filers in the same SIC group.