Pulling SEC filings + quote and writing the call…
| Fiscal year | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $828M | $854M | $988M | $1.25B | $1.37B | $1.67B | $2.00B | $2.32B |
| Revenue growth | — | 3.3% | 15.7% | 26.2% | 10.0% | 21.5% | 19.8% | 16.1% |
| Gross profit | $278M | $312M | $338M | $386M | $422M | $530M | $707M | $770M |
| Gross margin | 33.6% | 36.5% | 34.2% | 31.0% | 30.8% | 31.8% | 35.4% | 33.3% |
| Operating income | $120M | $163M | $164M | $168M | $212M | $287M | $388M | $357M |
| Operating margin | 14.5% | 19.0% | 16.6% | 13.5% | 15.5% | 17.2% | 19.4% | 15.4% |
| Net income | $0.00 | $0.00 | $23.5M | $27.6M | $82.3M | $166M | $247M | $216M |
| Net margin | 0.0% | 0.0% | 2.4% | 2.2% | 6.0% | 9.9% | 12.3% | 9.3% |
| EPS (diluted) | $0.00 | $0.00 | $0.60 | $0.70 | $0.88 | $1.23 | $1.86 | $1.68 |
| Fiscal year | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $141M | $98.3M | $97.2M | $226M | $21.0M | $216M | $200M | $261M |
| Capital expenditures | $5.00M | $3.20M | $2.10M | $1.60M | $1.80M | $1.80M | $1.80M | $4.70M |
| Free cash flow | $136M | $95.1M | $95.1M | $225M | $19.2M | $214M | $198M | $256M |
| Share buybacks | — | — | $0.00 | $0.00 | $42.8M | — | — | — |
| Fiscal year | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|
| Cash & equivalents | $10.9M | $5.50M | $48.7M | $153M | $35.8M | $48.4M | $70.8M | $71.8M |
| Total assets | — | $595M | $654M | $697M | $707M | $692M | $837M | $941M |
| Total liabilities | — | $108M | $815M | $762M | $1.08B | $1.02B | $1.04B | $1.39B |
| Long-term debt | — | $0.00 | $623M | $481M | $930M | $857M | $833M | $1.08B |
| Shareholders' equity | $452M | $486M | -$2.18B | -$3.06B | -$376M | -$324M | -$206M | -$454M |
| Retained earnings | — | $0.00 | -$2.18B | -$3.06B | -$356M | -$190M | $56.4M | $273M |
| Shares (wtd avg diluted) | — | — | 39.5M | 39.7M | 93.8M | 134M | 132M | 129M |
Every figure is extracted from BELLRING BRANDS, INC.’s annual reports as filed with the SEC (XBRL company facts) — no third-party estimates. Fiscal years are labeled by period end; filers occasionally re-tag concepts, so a sparse cell means the company didn’t report that concept for that year. Free cash flow = operating cash flow − capital expenditures.
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