BELLRING BRANDS, INC. (BRBR)
BellRing Brands Inc., along with its various subsidiaries, is a provider of diverse nutritional products, serving both the United States and international markets. The company's main offerings are protein-fortified ready-to-drink shakes and powdered protein supplements, which are primarily marketed under its well-known Premier Protein and Dymatize labels. These items are made accessible to consumers through a wide range of distribution points, including warehouse clubs, grocery stores, pharmacies, large retail chains, online stores, specialized health shops, and convenience outlets. BellRing Brands Inc. commenced operations in 2019 and has its corporate headquarters located in Saint Louis, Missouri.
Sector: Food and Kindred Products
Industry: Packaged Foods
BellRing Brands, Inc.
NYSE:BRBRConsumer Defensive · Packaged Foods
+0.10%$9.56
AH Close$9.56+0.00%vs close
AH Close$9.56+0.00%vs close
Mkt Cap$1.11B
Float114.8M
O/S116.28M
Inst Own-
SI10.7%
Dilution
Delisting Issues Timeline
Financials Summary
Revenue$2.32B
Net Income$216.2M
Total Assets$941M
Free Cash Flow$255.9M
Debt & Equity
Debt 169%
Total Debt$1.11B
Total Equity-$453.9M
Shares Outstanding
Short Interest
Split History
No splits on record
Nothing in BRBR's public trading history: no forward or reverse split has affected the share count.
Balance Sheet Details
Assets$941M
Liabilities$1.39B
Accounts Receivable$223.4M
Accounts Payable$119.5M
Inventory$330.4M
PP&E (Net)$19M
Goodwill$65.9M
Intangible Assets$125M
Income Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-09-30 | 2024-09-30 | 2023-09-30 | 2022-09-30 | 2021-09-30 | 2020-09-30 | 2019-09-30 | 2018-09-30 | 2017-09-30 | 2016-09-30 |
| Revenue | $2.32B | $2B | $1.67B | $1.37B | $1.25B | $988.3M | $854.4M | $827.5M | $713.2M | $574.7M |
| YoY Growth | 16.1% | 19.8% | 21.5% | 10.0% | 26.2% | 15.7% | 3.3% | 16.0% | 24.1% | - |
| Cost of Revenue | $1.55B | $1.29B | $1.14B | $949.7M | $860.9M | $672.5M | $542.6M | $549.8M | $467.4M | $395.5M |
| Gross Profit | $770.4M | $707.3M | $530.2M | $421.8M | $386.2M | $315.8M | $311.8M | $277.7M | $245.8M | $179.2M |
| Gross Margin | 33.3% | 35.4% | 31.8% | 30.8% | 31.0% | 32.0% | 36.5% | 33.6% | 34.5% | 31.2% |
| Research and Development | $0 | $0 | $12M | $0 | $0 | $9.4M | $7.6M | $8.1M | $7.2M | $6.3M |
| Selling, General, and Administrative | $396M | $284.6M | $203.6M | $189.7M | $167.1M | $140.5M | $127.1M | $135.1M | $131M | $119.8M |
| Other | $17M | $35M | $27.3M | $19.7M | $51.1M | $0 | $22.2M | $22.8M | $22.7M | $27.7M |
| Total Operating Expenses | $413M | $319.6M | $242.9M | $209.4M | $218.2M | $149.9M | $149.3M | $157.9M | $153.7M | $147.5M |
| Operating Income (EBIT) | $357.4M | $387.7M | $287.3M | $212.4M | $168M | $165.9M | $162.5M | $119.8M | $92.1M | $31.7M |
| Operating Margin | 15.4% | 19.4% | 17.2% | 15.5% | 13.5% | 16.8% | 19.0% | 14.5% | 12.9% | 5.5% |
| Interest Expense | $68.4M | $58.3M | $66.9M | $49.2M | $43.2M | $54.7M | $0 | $0 | $0 | $0 |
| Interest Income | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Income (Expense) | -$68.4M | -$58.3M | -$66.9M | -$66.8M | -$44.8M | -$56.6M | $0 | $0 | -$26.5M | -$10.4M |
| Income Before Tax (EBT) | $289M | $329.4M | $220.4M | $145.6M | $123.2M | $109.3M | $162.5M | $119.8M | $65.6M | $31.7M |
| Income Tax Expense | $72.8M | $82.9M | $54.9M | $29.6M | $8.8M | $9.2M | $39.4M | $23.7M | $30.4M | $11.8M |
| Net Income | $216.2M | $246.5M | $165.5M | $82.3M | $27.6M | $23.5M | $123.1M | $96.1M | $35.2M | $19.9M |
| Net Income Margin | 9.3% | 12.3% | 9.9% | 6.0% | 2.2% | 2.4% | 14.4% | 11.6% | 4.9% | 3.5% |
| Supplementary Data | ||||||||||
| EPS | 1.70 | 1.89 | 1.24 | 0.86 | 2.90 | 2.54 | 3.12 | 2.80 | 1.03 | 0.58 |
| Diluted EPS | 1.68 | 1.86 | 1.23 | 1.24 | 2.90 | 2.53 | 3.12 | 2.80 | 1.03 | 0.58 |
| Weighted Average OS | 126.90M | 130.30M | 133.00M | 135.30M | 39.50M | 39.40M | 39.43M | 34.29M | 34.29M | 34.29M |
| EBITDA | $376M | $424.2M | $315.6M | $216.1M | $220.1M | $189.3M | $194.5M | $145.7M | $117.4M | $56.7M |
| EBITDA Margin | 16.2% | 21.3% | 18.9% | 15.8% | 17.6% | 19.2% | 22.8% | 17.6% | 16.5% | 9.9% |
Balance Sheet
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-09-30 | 2024-09-30 | 2023-09-30 | 2022-09-30 | 2021-09-30 | 2020-09-30 | 2019-09-30 | 2018-09-30 | 2017-09-30 |
| Assets | |||||||||
| Current Assets | |||||||||
| Cash and Cash Equivalents | $89.1M | $71.1M | $48.4M | $35.8M | $152.6M | $48.7M | $5.5M | $10.9M | $7.8M |
| Short-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Cash and Short-Term Investments | $89.1M | $71.1M | $48.4M | $35.8M | $152.6M | $48.7M | $5.5M | $10.9M | $7.8M |
| Accounts Receivable | $223.4M | $220.4M | $168.2M | $173.3M | $103.9M | $83.1M | $68.4M | $87.2M | $63M |
| Inventory | $330.4M | $286.1M | $194.3M | $199.8M | $117.9M | $150.5M | $138.2M | $61.6M | $85.7M |
| Other Current Assets | $22.6M | $15.1M | $13.3M | $12.4M | $13.7M | $7.9M | $7.4M | $0 | $0 |
| Total Current Assets | $665.5M | $592.7M | $424.2M | $421.3M | $388.1M | $290.2M | $219.5M | $163.7M | $165.8M |
| Long-Term Assets | |||||||||
| Property, Plant & Equipment Net | $19M | $15M | $15.9M | $15.5M | $8.9M | $10.2M | $11.7M | $11.9M | $9.9M |
| Goodwill | $65.9M | $65.9M | $65.9M | $65.9M | $65.9M | $65.9M | $65.9M | $65.9M | $65.9M |
| Intangible Assets | $125M | $141.8M | $176.8M | $203.3M | $223.1M | $274.3M | $296.5M | $318.7M | $341.5M |
| Long-Term Investments | $0 | $0 | $0 | $0 | -$7.6M | -$9M | -$14.1M | $0 | $0 |
| Deferred Tax Assets | $32.4M | $12.9M | $4.2M | $0 | $7.6M | $9M | $14.1M | $0 | $0 |
| Other Long-Term Assets | $33.2M | $8.7M | $4.6M | $1.2M | $10.5M | $12.9M | $900K | $200K | $100K |
| Total Long-Term Assets | $275.5M | $244.3M | $267.4M | $285.9M | $308.4M | $363.3M | $375M | $396.7M | $417.4M |
| Other Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Assets | $941M | $837M | $691.6M | $707.2M | $696.5M | $653.5M | $594.5M | $560.4M | $583.2M |
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts Payable | $119.5M | $120.6M | $85M | $91.4M | $91.9M | $56.7M | $61.7M | $58.2M | $48.4M |
| Short-Term Debt | $2.6M | $2.2M | $0 | $1.9M | $116.3M | $63.8M | $0 | $1M | $1.9M |
| Current Income Tax Payable | $0 | $0 | $0 | $0 | $0 | $2.2M | $0 | $300K | $800K |
| Current Unearned Revenue | $0 | $0 | $0 | $0 | $0 | $0 | -$400K | $300K | $23.3M |
| Other Current Liabilities | $140.8M | $57.1M | $42.9M | $36.7M | $26.4M | $21.9M | $16.2M | $23.7M | $12.6M |
| Total Current Liabilities | $282.8M | $203.7M | $150.2M | $143.5M | $251.3M | $153.1M | $92.7M | $94.3M | $76.6M |
| Long-Term Liabilities | |||||||||
| Long-Term Debt | $1.08B | $833.1M | $856.8M | $929.5M | $481.2M | $622.6M | $0 | $0 | $0 |
| Long-Term Unearned Revenue | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Deferred Tax Liabilities | $400K | $400K | $400K | $2.2M | $7.6M | $9M | $14.1M | $13.6M | $22.2M |
| Other Long-Term Liabilities | $500K | $1.4M | $1.6M | $1.6M | $13.3M | $18.8M | $1.3M | $800K | $0 |
| Total Long-Term Liabilities | $1.11B | $839.2M | $864.9M | $939.9M | $510.7M | $661.4M | $15.4M | $14.4M | $22.2M |
| Other Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities | $1.39B | $1.04B | $1.02B | $1.08B | $762M | $814.5M | $108.1M | $108.7M | $98.8M |
| Stockholders' Equity | |||||||||
| Preferred Stock | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Common Stock | $1.4M | $1.4M | $1.4M | $1.4M | $400K | $400K | $489M | $453.1M | $485.4M |
| Retained Earnings | $272.6M | $56.4M | -$190.1M | -$355.6M | -$3.06B | -$2.18B | $0 | $0 | $0 |
| Comprehensive Income & Other | -$1M | -$2M | -$3.1M | -$4.3M | -$3.5M | -$4M | -$2.6M | -$1.4M | -$1M |
| Other Stockholders' Equity | -$727.9M | -$263.7M | -$134.8M | -$22M | -$3.5M | -$4M | -$2.6M | -$1.4M | -$1M |
| Total Equity | -$453.9M | -$205.9M | -$323.5M | -$376.2M | -$3.06B | -$2.18B | $486.4M | $451.7M | $484.4M |
| Minority Interest | $0 | $0 | $0 | $0 | $3B | $2.02B | $0 | $0 | $0 |
| Total Liabilities and Equity | $941M | $837M | $691.6M | $707.2M | -$2.3B | -$1.37B | $594.5M | $560.4M | $583.2M |
| Supplementary Data | |||||||||
| Total Debt | $1.11B | $839.6M | $865M | $938M | $608.4M | $699.6M | $400K | $1M | $1.9M |
| Net Debt | $1.02B | $768.5M | $816.6M | $902.2M | $455.8M | $650.9M | -$5.1M | -$9.9M | -$5.9M |
Cash Flow Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-09-30 | 2024-09-30 | 2023-09-30 | 2022-09-30 | 2021-09-30 | 2020-09-30 | 2019-09-30 | 2018-09-30 | 2017-09-30 | 2016-09-30 |
| Operating Activities | ||||||||||
| Net Income | $216.2M | $246.5M | $165.5M | $116M | $114.4M | $100.1M | $123.1M | $96.1M | $35.2M | $19.9M |
| Depreciation & Amortization | $18.6M | $36.5M | $28.3M | $21.3M | $53.7M | $25.3M | $25.3M | $25.9M | $25.3M | $25M |
| Deferred Income Tax | -$20.4M | -$8.7M | -$6M | -$4M | -$1.5M | -$3.3M | $500K | -$8.6M | -$1.3M | $2.3M |
| Stock-Based Compensation | $22.1M | $21M | $14.2M | $9.8M | $4.6M | $2.5M | $3.5M | $1.9M | $30.7M | $25.6M |
| Changes in Working Capital: | ||||||||||
| Accounts Receivable | -$1.3M | -$51.6M | $5.5M | -$70.7M | -$21M | -$14.2M | $14.9M | -$19M | -$10.5M | -$20.4M |
| Inventory | -$43.1M | -$90.9M | $6.4M | -$83.9M | $32.4M | -$11.5M | -$77.2M | $24.1M | $2.3M | -$7.2M |
| Accounts Payable | $69.6M | $49.2M | $3.1M | $10.3M | $42.1M | -$12.1M | -$1.9M | $17.4M | -$600K | $13.1M |
| Other Working Capital | -$1.8M | -$4.3M | -$2.6M | $3.2M | -$3.2M | $4.5M | $1M | $700K | -$600K | -$500K |
| Total Working Capital Change | $23.4M | -$97.6M | $12.4M | -$141.1M | $50.3M | -$33.3M | -$63.2M | $23.2M | -$9.4M | -$15M |
| Other Non-Cash Items | $700K | $1.9M | $1.2M | $19M | $4.6M | $5.9M | $9.1M | $4.6M | $4.1M | $8.6M |
| Net Cash from Operating | $260.6M | $199.6M | $215.6M | $21M | $226.1M | $97.2M | $98.3M | $141.2M | $80.4M | $40.8M |
| Investing Activities | ||||||||||
| Capital Expenditures | -$4.7M | -$1.8M | -$1.8M | -$1.8M | -$1.6M | -$2.1M | -$3.2M | -$5M | -$3.9M | -$4.4M |
| Acquisitions | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $6M | $1.8M |
| Purchases of Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Sales of Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Investing Activities | $0 | $0 | $0 | $0 | $0 | $0 | -$3.2M | $0 | $6M | $1.8M |
| Net Cash from Investing | -$4.7M | -$1.8M | -$1.8M | -$1.8M | -$1.6M | -$2.1M | -$3.2M | -$5M | $2.1M | -$2.6M |
| Financing Activities | ||||||||||
| Debt Repaid | -$247.9M | $25M | $74M | $510.9M | $93.8M | $535.3M | - | - | - | - |
| Common Stock Issuance | $0 | $0 | $0 | $0 | $0 | $524.4M | $0 | $0 | $0 | $0 |
| Common Stock Repurchases | -$474.9M | -$146.6M | -$125.5M | -$42.8M | $0 | $0 | $0 | $0 | $0 | $0 |
| Dividends Paid | $0 | $0 | $0 | $0 | -$24.6M | -$32.1M | -$100.2M | -$133M | $0 | $0 |
| Other Financing Activities | -$11.3M | -$3.5M | -$2.2M | $418.7M | -$2.5M | -$9.6M | -$100.2M | -$133M | -$84M | -$34.8M |
| Net Cash from Financing | -$238.3M | -$175.1M | -$201.7M | -$135M | -$120.9M | -$52.6M | -$100.2M | -$133M | -$84M | -$34.8M |
| Forex Effect | $400K | $0 | $500K | -$1M | $300K | $700K | -$300K | -$100K | $400K | -$100K |
| Net Change in Cash | $18M | $22.7M | $12.6M | -$116.8M | $103.9M | $43.2M | -$5.4M | $3.1M | -$1.1M | $3.3M |
| Supplementary Data | ||||||||||
| Operating Cash Flow | $260.6M | $199.6M | $215.6M | $21M | $226.1M | $97.2M | $98.3M | $141.2M | $80.4M | $40.8M |
| Capital Expenditure | -$4.7M | -$1.8M | -$1.8M | -$1.8M | -$1.6M | -$2.1M | -$3.2M | -$5M | -$3.9M | -$4.4M |
| Free Cash Flow | $255.9M | $197.8M | $213.8M | $19.2M | $224.5M | $95.1M | $95.1M | $136.2M | $76.5M | $36.4M |
| Cash at Beginning | $71.1M | $48.4M | $35.8M | $152.6M | $48.7M | $5.5M | $10.9M | $7.8M | $8.9M | $5.6M |
| Cash at End | $89.1M | $71.1M | $48.4M | $35.8M | $152.6M | $48.7M | $5.5M | $10.9M | $7.8M | $8.9M |