BellRing Brands (BRBR)
Market Price (4/12/2026): $15.22 | Market Cap: $1.8 BilSector: Consumer Staples | Industry: Packaged Foods & Meats
BellRing Brands (BRBR)
Market Price (4/12/2026): $15.22Market Cap: $1.8 BilSector: Consumer StaplesIndustry: Packaged Foods & Meats
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
Attractive yieldTotal YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 10%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 6.1%, FCF Yield is 14% Strong revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is 11% Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 11%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 11% Valuation becoming less expensiveP/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is -60% Megatrend and thematic driversMegatrends include Health & Wellness Trends, and E-commerce & DTC Adoption. Themes include Nutritional Supplements, Functional Foods & Beverages, Show more. | Weak multi-year price returns2Y Excs Rtn is -105%, 3Y Excs Rtn is -122% | Debt is significantNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 63% Key risksBRBR key risks include [1] its heavy dependence on ready-to-drink protein shakes, Show more. |
| Attractive yieldTotal YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 10%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 6.1%, FCF Yield is 14% |
| Strong revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is 11% |
| Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 11%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 11% |
| Valuation becoming less expensiveP/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is -60% |
| Megatrend and thematic driversMegatrends include Health & Wellness Trends, and E-commerce & DTC Adoption. Themes include Nutritional Supplements, Functional Foods & Beverages, Show more. |
| Weak multi-year price returns2Y Excs Rtn is -105%, 3Y Excs Rtn is -122% |
| Debt is significantNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 63% |
| Key risksBRBR key risks include [1] its heavy dependence on ready-to-drink protein shakes, Show more. |
Qualitative Assessment
AI Analysis | Feedback
1. Continuing impact of retailer inventory destocking obscured true demand.
BellRing Brands' stock continued to be negatively affected by revelations, initially made in May and August 2025, that its previously strong sales growth was significantly influenced by key retailers stockpiling inventory rather than a genuine increase in end-consumer demand. The first fiscal quarter of 2026 (ending December 31, 2025), reported on February 3, 2026, showed flat sales volumes year-over-year, indicating an ongoing realization of this underlying demand weakness as retailers reduced their excess inventory.
2. Significant margin compression driven by increased costs and promotional activity.
During the first fiscal quarter of 2026, BellRing Brands experienced a sharp decline in profitability, with its gross profit margin falling to 29.9% from 37.5% in the prior year. The operating margin also decreased by 7 percentage points year-over-year. This margin compression was primarily attributed to higher input costs, particularly for whey protein, and an increase in promotional frequency from competing brands in the market.
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Stock Movement Drivers
Fundamental Drivers
The -43.1% change in BRBR stock from 12/31/2025 to 4/12/2026 was primarily driven by a -35.2% change in the company's P/E Multiple.| (LTM values as of) | 12312025 | 4122026 | Change |
|---|---|---|---|
| Stock Price ($) | 26.73 | 15.22 | -43.1% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 2,317 | 2,321 | 0.2% |
| Net Income Margin (%) | 9.3% | 7.9% | -15.5% |
| P/E Multiple | 15.3 | 9.9 | -35.2% |
| Shares Outstanding (Mil) | 124 | 119 | 3.9% |
| Cumulative Contribution | -43.1% |
Market Drivers
12/31/2025 to 4/12/2026| Return | Correlation | |
|---|---|---|
| BRBR | -43.8% | |
| Market (SPY) | -5.4% | 6.5% |
| Sector (XLP) | 6.0% | 12.6% |
Fundamental Drivers
The -58.1% change in BRBR stock from 9/30/2025 to 4/12/2026 was primarily driven by a -50.8% change in the company's P/E Multiple.| (LTM values as of) | 9302025 | 4122026 | Change |
|---|---|---|---|
| Stock Price ($) | 36.35 | 15.22 | -58.1% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 2,224 | 2,321 | 4.4% |
| Net Income Margin (%) | 10.3% | 7.9% | -23.2% |
| P/E Multiple | 20.2 | 9.9 | -50.8% |
| Shares Outstanding (Mil) | 127 | 119 | 6.1% |
| Cumulative Contribution | -58.1% |
Market Drivers
9/30/2025 to 4/12/2026| Return | Correlation | |
|---|---|---|
| BRBR | -58.7% | |
| Market (SPY) | -2.9% | 13.1% |
| Sector (XLP) | 5.9% | 10.8% |
Fundamental Drivers
The -79.6% change in BRBR stock from 3/31/2025 to 4/12/2026 was primarily driven by a -71.1% change in the company's P/E Multiple.| (LTM values as of) | 3312025 | 4122026 | Change |
|---|---|---|---|
| Stock Price ($) | 74.46 | 15.22 | -79.6% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 2,099 | 2,321 | 10.6% |
| Net Income Margin (%) | 13.3% | 7.9% | -40.8% |
| P/E Multiple | 34.3 | 9.9 | -71.1% |
| Shares Outstanding (Mil) | 129 | 119 | 8.0% |
| Cumulative Contribution | -79.6% |
Market Drivers
3/31/2025 to 4/12/2026| Return | Correlation | |
|---|---|---|
| BRBR | -79.8% | |
| Market (SPY) | 16.3% | 25.8% |
| Sector (XLP) | 3.1% | 21.2% |
Fundamental Drivers
The -55.2% change in BRBR stock from 3/31/2023 to 4/12/2026 was primarily driven by a -74.4% change in the company's P/E Multiple.| (LTM values as of) | 3312023 | 4122026 | Change |
|---|---|---|---|
| Stock Price ($) | 34.00 | 15.22 | -55.2% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 1,428 | 2,321 | 62.6% |
| Net Income Margin (%) | 8.3% | 7.9% | -4.8% |
| P/E Multiple | 38.8 | 9.9 | -74.4% |
| Shares Outstanding (Mil) | 135 | 119 | 13.1% |
| Cumulative Contribution | -55.2% |
Market Drivers
3/31/2023 to 4/12/2026| Return | Correlation | |
|---|---|---|
| BRBR | -55.9% | |
| Market (SPY) | 63.3% | 29.0% |
| Sector (XLP) | 19.0% | 24.3% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| BRBR Return | 10% | -4% | 116% | 36% | -65% | -42% | -37% |
| Peers Return | 15% | 2% | -4% | -2% | -2% | -6% | 3% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | -0% | 82% |
Monthly Win Rates [3] | |||||||
| BRBR Win Rate | 50% | 33% | 75% | 58% | 33% | 0% | |
| Peers Win Rate | 53% | 52% | 55% | 45% | 47% | 55% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 50% | |
Max Drawdowns [4] | |||||||
| BRBR Max Drawdown | -7% | -24% | -2% | -12% | -66% | -43% | |
| Peers Max Drawdown | -13% | -16% | -16% | -12% | -22% | -13% | |
| S&P 500 Max Drawdown | -1% | -25% | -1% | -2% | -15% | -7% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: SMPL, HRL, PEP, KO, MNST.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 4/10/2026 (YTD)
How Low Can It Go
| Event | BRBR | S&P 500 |
|---|---|---|
| 2022 Inflation Shock | ||
| % Loss | -40.0% | -25.4% |
| % Gain to Breakeven | 66.6% | 34.1% |
| Time to Breakeven | 183 days | 464 days |
| 2020 Covid Pandemic | ||
| % Loss | -38.3% | -33.9% |
| % Gain to Breakeven | 62.0% | 51.3% |
| Time to Breakeven | 260 days | 148 days |
Compare to SMPL, HRL, PEP, KO, MNST
In The Past
BellRing Brands's stock fell -40.0% during the 2022 Inflation Shock from a high on 9/8/2021. A -40.0% loss requires a 66.6% gain to breakeven.
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About BellRing Brands (BRBR)
AI Analysis | Feedback
BellRing Brands is like **Monster Beverage (MNST)**, but for protein shakes and powders instead of energy drinks.
Think of it as the **Red Bull (part of Red Bull GmbH)** of protein drinks and powders, specializing in nutritional beverages.
AI Analysis | Feedback
- Premier Protein Products: A line of ready-to-drink shakes and powder protein products aimed at general nutrition and wellness.
- Dymatize Products: A line of ready-to-drink shakes and powder protein products primarily focused on sports nutrition and performance.
AI Analysis | Feedback
BellRing Brands (BRBR) sells its nutrition products primarily to other businesses, specifically large retailers. Based on their public filings, the major customers for BellRing Brands are:
AI Analysis | Feedback
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Darcy Horn Davenport, President & Chief Executive Officer
Darcy Horn Davenport has served as President and Chief Executive Officer of BellRing Brands since September 2019, and as a Director since October 2019. Prior to BellRing Brands, she was President of Post Holding's Active Nutrition Division, where she held various leadership roles in marketing and management since 2009. She led Marketing for Joint Juice through the acquisition of Premier Nutrition and its subsequent sale to Post Holdings in 2013. Following the sale, she became President of Premier Nutrition and then President of Post's Active Nutrition business in 2017. Her earlier career included marketing roles at companies such as Nestle, Dreyer's Ice Cream, Zobmondo! Entertainment, and Timbuk2 Designs.
Paul Rode, Chief Financial Officer
Paul Rode is the Chief Financial Officer at BellRing Brands. He has over 20 years of progressive experience with multinational public companies, with a background that includes operational experience with a $200 million telecom division of a Fortune 500 company and executive-level financial reporting roles at $3 billion-plus consumer product companies. He served as the Chief Financial Officer of Post's Active Nutrition business from 2015 to 2019. Additionally, he was Chief Financial Officer of Consumer Brands, a prior reporting segment of Post, from late 2014 to early 2015.
Doug Cornille, Chief Growth Officer
Doug Cornille is the Chief Growth Officer at BellRing Brands, Inc., where he leads all sales and marketing functions, overseeing brand strategy, innovation, consumer insights, and sales teams across all Premier Nutrition Company brands. He brings extensive consumer packaged goods (CPG) experience, having held brand leadership roles at Clif Bar & Company, Nestlé, and The Clorox Company. Earlier in his career, he worked as a business consultant with Accenture and was the founder and president of Data Solutions Group, a technology and business consultancy.
Craig Rosenthal, Chief Legal Officer and Chief Compliance Officer
Craig Rosenthal serves as Chief Legal Officer and Chief Compliance Officer at BellRing Brands, responsible for all legal and regulatory affairs and strategies, as well as overseeing quality, compliance, and ESG initiatives. His background includes over 20 years of corporate legal management and law firm experience. He was Senior Vice President, Law for Altice USA, a Fortune 500 multinational telecommunications and entertainment company, and prior to that, he was Senior Vice President and General Counsel of a $3 billion telecommunications company.
Robin Singh, Chief Supply Chain Officer at Premier Nutrition Company
Robin Singh is the Chief Supply Chain Officer at Premier Nutrition Company. He is an accomplished strategic and values-led integrated supply chain leader with over 20 years of operations experience in multinational consumer products companies. Before joining BellRing Brands and Premier Nutrition, Robin spent 24 years at Mondelez International, holding various roles, including Vice President of Operations, and other leadership positions in operations strategy, integrated business planning, procurement, manufacturing, logistics, service, and inventory management.
AI Analysis | Feedback
Here are the key risks to BellRing Brands (BRBR):
- Intense Competition and Dependence on Ready-to-Drink Protein Shakes: BellRing Brands operates in a highly competitive market for convenient nutrition products, with a significant reliance on its ready-to-drink (RTD) protein shakes, particularly the Premier Protein brand, which accounted for a substantial majority of its net sales in fiscal year 2025. This intense competition includes new entrants and aggressive promotional activities from other brands, leading to margin compression and difficulty in passing increased costs to consumers. Additionally, shifts in consumer preferences, such as a growing interest in plant-based options, pose a notable substitution risk.
- Customer Concentration and Retailer Inventory Management: A large portion of BellRing Brands' net sales is generated from a concentrated group of major retailers, providing these customers with significant bargaining power. The company has faced challenges related to retailer inventory management, including allegations in securities class action lawsuits that past sales growth was artificially inflated by temporary inventory stockpiling by key customers to mitigate prior supply chain shortages. Subsequent "destocking" by these retailers has led to revenue fluctuations, a significant drop in the company's share price, and ongoing litigation that questions the transparency and sustainability of its reported growth.
- Supply Chain Disruptions and Reliance on Third-Party Manufacturers: As an "asset-light" company, BellRing Brands is highly dependent on a limited number of third-party contract manufacturers for the production of most of its products, including a single manufacturer responsible for nearly half of its Premier Protein RTD shake supply in fiscal year 2025. This reliance on external partners and a concentrated supplier base increases the company's vulnerability to supply chain disruptions, operational issues at these facilities, and volatility in the cost of key raw materials like whey and milk protein, which can adversely impact production and profitability.
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nullAI Analysis | Feedback
BellRing Brands, Inc. (BRBR) operates within significant addressable markets for its main products, ready-to-drink shakes and powder protein products. For their ready-to-drink shake products, primarily under the Premier Protein brand:- The global ready-to-drink protein shake market was valued at approximately USD 9.96 billion in 2024.
- The U.S. protein shake market was valued at approximately USD 5.86 billion in 2023.
- The global protein powder market size was valued at approximately USD 15.75 billion in 2024.
- The broader U.S. protein supplements market, which includes protein powders, ready-to-drink products, and protein bars, was valued at approximately USD 10.49 billion in 2024. The protein powder segment is a dominant component within this U.S. market.
AI Analysis | Feedback
BellRing Brands (BRBR) is anticipated to drive future revenue growth over the next two to three years through several key strategies:
-
Sustained Growth in the Ready-to-Drink (RTD) Protein Shake Category and Premier Protein's Market Leadership: The convenient nutrition category, particularly RTD protein shakes, continues to exhibit robust growth, driven by consumer health and wellness trends, functional beverage preferences, and the increasing adoption of GLP-1s. BellRing Brands expects its flagship Premier Protein brand, which holds a significant market share in this segment, to grow in line with this expanding category.
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Expansion of Distribution Channels: The company is focused on significantly expanding the total distribution points for Premier Protein RTD shakes, both in-aisle and out-of-aisle. This includes securing more in-store displays and leveraging retail partnerships to enhance product visibility and drive consumer trial.
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Acceleration of the Innovation Pipeline: BellRing Brands is actively developing and launching new products and flavor extensions to cater to diverse consumer preferences and occasions. Recent examples include the Premier Protein Coffee House line, new shake lines with higher protein content or different drinking experiences, and seasonal flavors for Dymatize. This innovation strategy aims to generate consumer excitement and further drive trial.
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Increased Brand Investment and Marketing Efforts: The company plans to increase its advertising and promotional spending to boost household penetration for its brands, reinforce brand equity, and enhance overall brand relevance. This includes campaigns designed to lift sales growth, particularly in the latter half of the fiscal year.
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Growth of the Dymatize Brand, Especially Internationally: While Premier Protein remains the primary growth driver, the Dymatize brand is also contributing to revenue expansion. Dymatize has demonstrated strong international volume performance and has returned to positive growth, partially fueled by its expansion into the ready-to-drink shake format.
AI Analysis | Feedback
Share Repurchases
- BellRing Brands announced a new $600 million share repurchase authorization over the next two years, effective November 19, 2025, replacing a prior $400 million authorization.
- During fiscal year 2025, BellRing repurchased 9.0 million shares for $472.5 million, representing approximately 7% of shares outstanding.
- In fiscal year 2024 and 2023, the company repurchased 2.6 million and 4.2 million shares at a total cost of $148.0 million and $126.3 million, respectively.
Share Issuance
- For the fiscal years ended September 30, 2025, 2024, and 2023, total compensation cost for non-cash stock-based compensation awards was recognized as $22.1 million, $21.0 million, and $14.2 million, respectively.
- As of September 30, 2025, 6.2 million shares were available to be issued for stock-based compensation awards under the BellRing Long-Term Incentive Plan.
Capital Expenditures
- Capital expenditures were $4.7 million in fiscal year 2025, $1.8 million in fiscal year 2024, and $1.8 million in fiscal year 2023.
- The company's asset-light business model requires modest capital expenditures, averaging less than 1% of net sales over the last three fiscal years.
- No significant capital expenditures are planned for fiscal year 2026.
Latest Trefis Analyses
Trade Ideas
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| Date | Ticker | Company | Category | Trade Strategy | 6M Fwd Rtn | 12M Fwd Rtn | 12M Max DD |
|---|---|---|---|---|---|---|---|
| 03272026 | MZTI | Marzetti | Dip Buy | DB | FCFY OPMDip Buy with High FCF Yield and High MarginBuying dips for companies with high FCF yield and meaningfully high operating margin | 0.9% | 0.9% | 0.0% |
| 03272026 | TAP | Molson Coors Beverage | Dip Buy | DB | FCFY OPMDip Buy with High FCF Yield and High MarginBuying dips for companies with high FCF yield and meaningfully high operating margin | -0.8% | -0.8% | -1.1% |
| 03202026 | KHC | Kraft Heinz | Dip Buy | DB | FCFY OPMDip Buy with High FCF Yield and High MarginBuying dips for companies with high FCF yield and meaningfully high operating margin | 4.3% | 4.3% | -1.7% |
| 03202026 | KMB | Kimberly-Clark | Dip Buy | DB | FCFY OPMDip Buy with High FCF Yield and High MarginBuying dips for companies with high FCF yield and meaningfully high operating margin | -1.8% | -1.8% | -1.9% |
| 03202026 | MKC | McCormick | Dip Buy | DB | P/E OPMDip Buy with Low PE and High MarginBuying dips for companies with tame PE and meaningfully high operating margin | -5.2% | -5.2% | -5.2% |
| 02272026 | BRBR | BellRing Brands | Dip Buy | DB | FCF Yield | Low D/EDip Buy with High Free Cash Flow YieldBuying dips for companies with significant free cash flow yield (FCF / Market Cap) and reasonable debt / market cap | -12.5% | -12.5% | -17.7% |
| 08312025 | BRBR | BellRing Brands | Dip Buy | DB | P/E OPMDip Buy with Low PE and High MarginBuying dips for companies with tame PE and meaningfully high operating margin | -55.2% | -60.8% | -63.1% |
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Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 48.39 |
| Mkt Cap | 42.8 |
| Rev LTM | 10,220 |
| Op Inc LTM | 1,665 |
| FCF LTM | 1,259 |
| FCF 3Y Avg | 1,247 |
| CFO LTM | 1,492 |
| CFO 3Y Avg | 1,508 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 2.1% |
| Rev Chg 3Y Avg | 4.9% |
| Rev Chg Q | 1.8% |
| QoQ Delta Rev Chg LTM | 0.5% |
| Op Mgn LTM | 14.1% |
| Op Mgn 3Y Avg | 16.1% |
| QoQ Delta Op Mgn LTM | -0.0% |
| CFO/Rev LTM | 12.6% |
| CFO/Rev 3Y Avg | 13.9% |
| FCF/Rev LTM | 10.4% |
| FCF/Rev 3Y Avg | 11.6% |
Valuation
| Median | |
|---|---|
| Name | |
| Mkt Cap | 42.8 |
| P/S | 1.6 |
| P/EBIT | 17.0 |
| P/E | 24.5 |
| P/CFO | 15.4 |
| Total Yield | 7.0% |
| Dividend Yield | 1.3% |
| FCF Yield 3Y Avg | 3.9% |
| D/E | 0.2 |
| Net D/E | 0.2 |
Returns
| Median | |
|---|---|
| Name | |
| 1M Rtn | -4.6% |
| 3M Rtn | -5.3% |
| 6M Rtn | -1.5% |
| 12M Rtn | -8.0% |
| 3Y Rtn | -23.7% |
| 1M Excs Rtn | -6.2% |
| 3M Excs Rtn | -2.6% |
| 6M Excs Rtn | -0.8% |
| 12M Excs Rtn | -41.3% |
| 3Y Excs Rtn | -89.9% |
Price Behavior
| Market Price | $15.01 | |
| Market Cap ($ Bil) | 1.8 | |
| First Trading Date | 10/17/2019 | |
| Distance from 52W High | -81.0% | |
| 50 Days | 200 Days | |
| DMA Price | $17.87 | $32.29 |
| DMA Trend | down | down |
| Distance from DMA | -16.0% | -53.5% |
| 3M | 1YR | |
| Volatility | 66.6% | 63.3% |
| Downside Capture | 0.99 | 1.34 |
| Upside Capture | -86.33 | -10.40 |
| Correlation (SPY) | 10.6% | 21.1% |
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | 1.22 | 1.42 | 0.35 | 0.61 | 0.86 | 0.82 |
| Up Beta | 3.13 | 0.65 | 1.76 | 0.47 | 0.85 | 0.84 |
| Down Beta | 2.23 | 2.18 | 0.25 | 0.68 | 0.68 | 0.83 |
| Up Capture | -96% | -38% | -128% | -47% | 3% | 27% |
| Bmk +ve Days | 7 | 16 | 27 | 65 | 139 | 424 |
| Stock +ve Days | 7 | 17 | 26 | 50 | 112 | 389 |
| Down Capture | 137% | 227% | 149% | 149% | 147% | 102% |
| Bmk -ve Days | 12 | 23 | 33 | 58 | 110 | 323 |
| Stock -ve Days | 15 | 25 | 37 | 75 | 138 | 356 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with BRBR | |
|---|---|---|---|---|
| BRBR | -78.5% | 63.5% | -2.15 | - |
| Sector ETF (XLP) | 10.3% | 13.3% | 0.48 | 20.6% |
| Equity (SPY) | 31.2% | 17.3% | 1.47 | 24.2% |
| Gold (GLD) | 60.1% | 27.8% | 1.69 | -5.9% |
| Commodities (DBC) | 29.8% | 16.6% | 1.58 | -1.2% |
| Real Estate (VNQ) | 21.3% | 15.2% | 1.07 | 18.7% |
| Bitcoin (BTCUSD) | -4.3% | 43.7% | 0.02 | 6.5% |
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Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with BRBR | |
|---|---|---|---|---|
| BRBR | -7.7% | 42.1% | -0.07 | - |
| Sector ETF (XLP) | 6.3% | 13.2% | 0.26 | 30.7% |
| Equity (SPY) | 11.1% | 17.0% | 0.50 | 33.2% |
| Gold (GLD) | 22.1% | 17.8% | 1.02 | 1.5% |
| Commodities (DBC) | 11.8% | 18.8% | 0.52 | 2.3% |
| Real Estate (VNQ) | 3.7% | 18.8% | 0.10 | 26.8% |
| Bitcoin (BTCUSD) | 4.3% | 56.5% | 0.30 | 10.2% |
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Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with BRBR | |
|---|---|---|---|---|
| BRBR | -0.0% | 43.4% | 0.15 | - |
| Sector ETF (XLP) | 7.2% | 14.7% | 0.36 | 35.0% |
| Equity (SPY) | 13.8% | 17.9% | 0.66 | 36.7% |
| Gold (GLD) | 14.2% | 15.9% | 0.74 | 3.0% |
| Commodities (DBC) | 8.6% | 17.6% | 0.41 | 10.6% |
| Real Estate (VNQ) | 5.1% | 20.7% | 0.22 | 31.0% |
| Bitcoin (BTCUSD) | 67.6% | 66.9% | 1.07 | 11.1% |
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Returns Analyses
Earnings Returns History
Expand for More| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 2/3/2026 | -14.4% | -23.0% | -28.2% |
| 11/18/2025 | 2.5% | 20.0% | 14.3% |
| 8/4/2025 | -32.6% | -27.6% | -21.9% |
| 5/6/2025 | -1.3% | 0.1% | -3.0% |
| 2/3/2025 | -4.3% | -3.5% | -7.2% |
| 11/18/2024 | -0.2% | 4.9% | 2.8% |
| 8/5/2024 | 6.9% | 10.0% | 14.1% |
| 5/6/2024 | 2.2% | 4.2% | 6.7% |
| ... | |||
| SUMMARY STATS | |||
| # Positive | 12 | 15 | 15 |
| # Negative | 12 | 9 | 9 |
| Median Positive | 3.3% | 5.5% | 11.7% |
| Median Negative | -3.5% | -3.9% | -4.6% |
| Max Positive | 17.1% | 20.0% | 26.2% |
| Max Negative | -32.6% | -27.6% | -28.2% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 12/31/2025 | 02/03/2026 | 10-Q |
| 09/30/2025 | 11/18/2025 | 10-K |
| 06/30/2025 | 08/05/2025 | 10-Q |
| 03/31/2025 | 05/06/2025 | 10-Q |
| 12/31/2024 | 02/04/2025 | 10-Q |
| 09/30/2024 | 11/19/2024 | 10-K |
| 06/30/2024 | 08/06/2024 | 10-Q |
| 03/31/2024 | 05/07/2024 | 10-Q |
| 12/31/2023 | 02/06/2024 | 10-Q |
| 09/30/2023 | 11/21/2023 | 10-K |
| 06/30/2023 | 08/08/2023 | 10-Q |
| 03/31/2023 | 05/09/2023 | 10-Q |
| 12/31/2022 | 02/07/2023 | 10-Q |
| 09/30/2022 | 11/17/2022 | 10-K |
| 06/30/2022 | 08/05/2022 | 10-Q |
| 03/31/2022 | 05/06/2022 | 10-Q |
Recent Forward Guidance [BETA]
Latest: Q1 2026 Earnings Reported 2/3/2026
| Forward Guidance | Guidance Change | ||||||
|---|---|---|---|---|---|---|---|
| Metric | Low | Mid | High | % Chg | % Delta | Change | Prior |
| 2026 Revenue | 2.41 Bil | 2.44 Bil | 2.46 Bil | -0.6% | Lowered | Guidance: 2.45 Bil for 2026 | |
| 2026 Revenue Growth | 4.0% | 5.0% | 6.0% | -16.7% | -1.0% | Lowered | Guidance: 6.0% for 2026 |
| 2026 Adjusted EBITDA | 425.00 Mil | 432.50 Mil | 440.00 Mil | -1.7% | Lowered | Guidance: 440.00 Mil for 2026 | |
| 2026 Operating Margin | 18.0% | 0 | 0 | Affirmed | Guidance: 18.0% for 2026 | ||
| 2026 Capital Expenditures | 8.00 Mil | 0 | Affirmed | Guidance: 8.00 Mil for 2026 | |||
Prior: Q4 2025 Earnings Reported 11/18/2025
| Forward Guidance | Guidance Change | ||||||
|---|---|---|---|---|---|---|---|
| Metric | Low | Mid | High | % Chg | % Delta | Change | Prior |
| Q1 2026 Revenue Growth | -5.0% | Lower New | |||||
| Q1 2026 Operating Margin | 16.0% | Higher New | |||||
| 2026 Revenue | 2.41 Bil | 2.45 Bil | 2.49 Bil | 6.5% | Higher New | Actual: 2.30 Bil for 2025 | |
| 2026 Revenue Growth | 7.0% | 8.0% | 9.0% | -46.7% | -7.0% | Lower New | Actual: 15.0% for 2025 |
| 2026 Operating Margin | 18.0% | 19.0% | 20.0% | Higher New | |||
| 2026 Capital Expenditures | 8.00 Mil | -11.1% | Lower New | Actual: 9.00 Mil for 2025 | |||
Insider Activity
Expand for More| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Cornille, Douglas J | CHIEF GROWTH OFFICER | Direct | Sell | 12032025 | 30.93 | 3,970 | 122,792 | 1,695,335 | Form |
| 2 | Rode, Paul A | CFO & TREASURER | Direct | Sell | 11122025 | 29.00 | 308 | 8,932 | 2,108,010 | Form |
| 3 | Cornille, Douglas J | CHIEF GROWTH OFFICER PNC | Direct | Sell | 9042025 | 42.03 | 3,970 | 166,859 | 2,263,988 | Form |
| 4 | Conway, Shawn | Direct | Buy | 8152025 | 49999.99 | 1,316 | 65,824,087 | 400,074,020 | Form | |
| 5 | Stein, Elliot Jr | Trust | Buy | 8062025 | 37.49 | 2,663 | 99,836 | 194,873 | Form |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
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