BRBRBELLRING BRANDS, INC.
Food And Kindred Products
- Revenue
- $2.3B
- 16% YoY
- Operating margin
- 15.4%
- 21% YoY
- EBITDA
- $376M
- 11% YoY
- Market cap
- $1.2B
- Employees
- 530
- $4M revenue each
- Net debt / EBITDA
- 3.0×
- $1.1B net debt
- AI in 10-K
- 0.0
- mentions per 10K words
Takeover score 3 of 13
Fixable underperformance 1 of 7
- TSR below peersNo—3+ of last 5 years
- High CEO pay despite TSRNo—Median CEO pay ≥ $15M while TSR trails
- Earnings not backed by cashNo121% of net incomeCash flow under 80% of net income
- Dilutive SBCNo1% of revenueOver 10% of revenue
- Payouts exceed cash flowNo16% of cash flowBuybacks + dividends over cash flow
- Goodwill-heavyNo6% of assetsOver 40% of assets
- Shareholder dissentYes74% lowest supportAny vote under 80% support
Buyer economics 2 of 4
- Low revenue per employeeNo$4M · 90th pctBottom quartile of its SIC industry
- Quiet on AIYes0.0 per 10K words · 0th pctBottom quartile of AI mentions in 10-Ks
- Net cashNo3.0× EBITDA net debtMore cash than debt, positive EBITDA
- Buyout-sizedYes$1.2B market capMarket cap $500M–$5B
Catalysts 0 of 2
- Active 13DNo0 filingsActive-intent 13D in 18 months
- Net insider sellingNo−$39K netNet sales over $10M in 12 months
Financials
| Metric | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | YoY |
|---|---|---|---|---|---|---|
| Revenue | $1.2B | $1.4B | $1.7B | $2.0B | $2.3B | 16% |
| Operating income | $168M | $212M | $287M | $388M | $357M | 7.8% |
| Net income | $28M | $82M | $166M | $247M | $216M | 12% |
| Operating cash flow | $226M | $21M | $216M | $200M | $261M | 31% |
| Capex | $2M | $2M | $2M | $2M | $5M | 161% |
| Stock-based comp | $5M | $10M | $14M | $21M | $22M | 5.2% |
| Buybacks | $0 | $43M | — | — | — |
Deal filings
| Filed | Form | Acquirer | Price | Premium |
|---|---|---|---|---|
| Feb 3, 2022 | DEFM14A | — | $1.01 | 0% |
13D filers
None on file.
Insider trading
- Open-market buys, 12 mo
- $92K · 3
- Open-market sells, 12 mo
- $132K · 2
- Net
- −$39K
Pay vs performance
No pay-versus-performance disclosure yet.