BRBRNYSEFood and Kindred ProductsFiscal year ends September 30
BELLRING BRANDS, INC.
Financials through Q3 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Aug 4, 2026
$9.59+0.16 (+1.70%)
Close on Oct 19, 2026
- Market cap
- $1.12B
- P/E (TTM)
- 6.8
- Dividend yield
- –
Margins
Share of revenue, fiscal years 2017 to 2025
Gross margin
33.3%−0.9 pts over 5 years
Operating margin
15.4%−1.2 pts over 5 years
Net margin
9.3%+7.0 pts over 5 years
Growth rates
Compound annual growth to fiscal 2025
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | +16.1% | +19.1% | +18.6% | – | |
| Gross profit | +8.9% | +22.2% | +17.9% | – | |
| Operating income | -7.8% | +18.9% | +16.9% | – | |
| Net income | -12.3% | +38.0% | +55.9% | – | |
| EPS, diluted | -9.7% | +24.1% | +22.9% | – | |
| Free cash flow | +29.4% | +137.1% | +21.9% | – |
Returns and balance sheet
9 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2017 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Return on equity | – | -2.8% | -65.5% | |
| Return on assets | – | 3.8% | 24.3% | |
| Current ratio | – | 1.90 | 2.35 | |
| Debt to equity | – | -0.31 | -2.39 | |
| Net debt to EBITDA | – | 3.37× | 2.69× | |
| Interest coverage | – | 3.0× | 5.2× | |
| Inventory turnover | – | 4.5× | 5.0× | |
| Capex to revenue | – | 0.2% | 0.2% | |
| Diluted shares | – | 40M | 129M |
Where the cash went
Fiscal 2021 to 2025, five years combined
Bellring Brands generated $922.90M from operations and spent $801.50M on capital expenditure, dividends and share buybacks. 1% of that went back into the business.
Generated
$922.90M
Used
$801.50M
Capital expenditure$11.70M1%Dividends$00%Share buybacks$789.80M99%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin9.3%
×Asset turnover2.61×
×Equity multiplier-2.69×
=Return on equity, FY2025-65.5%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2025 | 9.3% | 2.61× | -2.69× | -65.5% |
| FY2024 | 12.3% | 2.61× | -2.89× | -93.1% |
| FY2023 | 9.9% | 2.38× | -2.00× | -47.3% |
| FY2022 | 6.0% | 1.95× | -0.41× | -4.8% |
| FY2021 | 2.2% | 1.85× | -0.26× | -1.1% |
| FY2020 | 2.4% | 1.58× | -0.74× | -2.8% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
4of 9 tests passed in fiscal 2025. Scores of 7 to 9 are usually read as strong.
- ProfitableNet income above zero$216.20M
- Cash generatingOperating cash flow above zero$260.60M
- Return on assets improvedROA up on the prior year35.6% → 25.8%
- Earnings backed by cashOperating cash flow above net income$260.60M vs $216.20M
- Less leverageLong-term debt to assets fell99.5% → 115.2%
- Better liquidityCurrent ratio rose2.91 → 2.35
- No dilutionShare count did not rise132M → 129M
- Gross margin improvedGross margin up on the prior year35.43% → 33.26%
- More efficientAsset turnover rose2.89 → 2.77