BRBR
BellRing Brands, Inc.
BRBR's fundamentals are mixed, but it looks cheap: trading at 7.2x earnings, less than half its usual 33x. Analysts expect earnings growth, though they disagree widely on how much.
BRBR Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Stable | |
| Healthy | |
| Under pressure |
BRBR's cash flow is currently healthy, and its revenue and profitability are stable, but its balance sheet is under pressure.
BRBR PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Current | 7.2x | $10.24 | — |
| Forward | 7.9x | $10.24 | — |
| Cheap | 12x | $16.87 | +65% |
| Fair | 33x | $46.68 | +356% |
| Expensive | 41x | $57.99 | +466% |
Historical ranges are pointers, not guarantees.
BRBR's PE is in its cheap range at 7.2x. On analysts' estimates for next year's earnings, today's price would be 7.9x.
BRBR Forward outlook
| Metric | Outlook |
|---|---|
| Deteriorating | |
| Growth | |
| Stable | |
| Stable | |
| Limited | |
| Low |
Analysts expect BRBR's earnings to grow, with its revenue and profitability holding steady. However, they disagree widely on these estimates.
BRBR Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $1.30 | -8.7% |
| Q2 2026 | $1.42 | -18% |
| Q1 2026 | $1.29 | -40% |
| Q4 2025 | $1.45 | -32% |
| Q3 2025 | $1.68 | -9.7% |
| Q2 2025 | $1.74 | +4.8% |
| Q1 2025 | $2.14 | +50% |
| Q4 2024 | $2.12 | +72% |
| Q3 2024 | $1.86 | +51% |
BRBR's earnings per share have fallen from their peak: $1.42 over the past year, against $3.70 in late 2019.
BRBR Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q2 2026 | $570.4M | +4.2% |
| Q1 2026 | $598.7M | +1.8% |
| Q4 2025 | $537.3M | +0.8% |
| Q3 2025 | $648.2M | +17% |
| Q2 2025 | $547.5M | +6.2% |
| Q1 2025 | $588M | +19% |
| Q4 2024 | $532.9M | +24% |
| Q3 2024 | $555.8M | +18% |
BRBR's revenue has grown year over year every quarter since late 2020: $570M last quarter, up 4.2% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q2 2026 | 11% | +3.3 points |
| Q1 2026 | 11% | -5.2 points |
| Q4 2025 | 15% | -7 points |
| Q3 2025 | 16% | -4.4 points |
| Q2 2025 | 8.2% | -14 points |
| Q1 2025 | 16% | -2.2 points |
| Q4 2024 | 22% | +4.7 points |
| Q3 2024 | 20% | +3.6 points |
BRBR's operating margin was 11% last quarter, up 3.3 points from the same quarter a year ago.
BRBR Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q2 2026 | $77.2M | +101% |
| Q1 2026 | -$13M | -127% |
| Q4 2025 | -$7.3M | -529% |
| Q3 2025 | $168.1M | +332% |
| Q2 2025 | $38.5M | -44% |
| Q1 2025 | $47.6M | +198% |
| Q4 2024 | $1.7M | -98% |
| Q3 2024 | $38.9M | -54% |
BRBR generated $225M in free cash flow over the past year, up 78% from the year before.
BRBR Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -0.8% | -900K shares |
| 1 year | -8.9% | -11.4M shares |
| 3 years | -13% | -17.2M shares |
| 5 years | +194% | +76.9M shares |
| Available history | +289% | +86.6M shares |
BRBR has 117M diluted shares, down 8.9% from a year ago, with $344M in buybacks over the past year.
| Quarter | Spent |
|---|---|
| Q2 2026 | $10M |
| Q1 2026 | $30.3M |
| Q4 2025 | $96.9M |
| Q3 2025 | $207M |
| Q2 2025 | $83M |
| Q1 2025 | $173.1M |
| Q4 2024 | $11.8M |
| Q3 2024 | $40.5M |
BRBR spent $344M buying back its own shares over the past year, up 12% from the year before.
BRBR Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q2 2026 | 3.3x | Elevated |
| Q1 2026 | 3.7x | Elevated |
| Q4 2025 | 3.3x | Elevated |
| Q3 2025 | 2.7x | Moderate |
| Q2 2025 | 2.5x | Moderate |
| Q1 2025 | 2.1x | Moderate |
| Q4 2024 | 1.8x | Healthy |
| Q3 2024 | 1.8x | Healthy |
BRBR's net debt is about 3.3 years of its operating earnings (EBITDA), up from 2.5 years a year ago.
BRBR Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 44.0 | Neutral |
| Stochastic | 41.3 | Neutral |
BRBR's weekly RSI is 44 (neutral) and its Stochastic is 41 (neutral).
BRBR PE vs Consumer Defensive Sector
| Metric | BRBR | Sector median | Relative |
|---|---|---|---|
| PE | 7.2x | 19x | 63% below |
| PE % | 7 | 18 | 11 pts below |
BRBR is trading at 7.2x earnings, a 63% discount to the Consumer Defensive sector's median of 19x.
BRBR Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $8.93 | 15% above |
| 20 week MA | $10.4 | 1.1% below |
| 50 week MA | $15.1 | 32% below |
| 100 week MA | $36.0 | 72% below |
| 200 week MA | $42.6 | 76% below |
BRBR has bounced recently, but its long-term trend is still down: it's above its 8-week average, but 76% below its 200-week average.
BRBR Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $23.0 | $24.9 | +8.4% |
| 2021 | $24.9 | $27.0 | +8.4% |
| 2022 | $27.0 | $25.3 | -6.4% |
| 2023 | $25.3 | $55.4 | +119% |
| 2024 | $55.4 | $76.0 | +37% |
| 2025 | $76.0 | $30.2 | -60% |
| 2026 YTD | $30.2 | $10.2 | -66% |
BRBR's yearly returns have swung widely, from +119% in 2023 to −60% in 2025. It's down 66% so far in 2026.