Bellring BRANDS, Inc. (BRBR) intrinsic value & 10-year financials
Bellring BRANDS, Inc. (BRBR) has a Graham intrinsic value of $55.80 per share. At $9.43 on Oct 17, 2026, the stock trades 83% below that value. Over the last 9 fiscal years revenue grew 15.8% a year to $2.3B, with an average return on invested capital of 16.4%.
- Graham intrinsic value
- $55.80
- Share price (Oct 17, 2026)
- $9.43
- Price vs Graham value
- 83% below
- Market cap
- $1.2B
- Revenue (FY2025)
- $2.3B
- Revenue growth (9-yr CAGR)
- 15.8%
- ROIC (10-yr avg)
- 16.4%
- Free cash flow (FY2025)
- $255.9M
BRBR 10-year financial history
| Fiscal year | Revenue | Net income | EPS (diluted) | Free cash flow | Operating margin | ROIC |
|---|---|---|---|---|---|---|
| FY2025 | $2.3B | $216.2M | $1.68 | $255.9M | 15.4% | 46.7% |
| FY2024 | $2.0B | $246.5M | $1.86 | $197.8M | 19.4% | 55.2% |
| FY2023 | $1.7B | $165.5M | $1.23 | $213.8M | 17.2% | 42.5% |
| FY2022 | $1.4B | $82.3M | $0.88 | $19.2M | 15.5% | -15.0% |
| FY2021 | $1.2B | $27.6M | $0.70 | $224.5M | 13.5% | -6.1% |
| FY2020 | $988.3M | $23.5M | $0.60 | $95.1M | 16.6% | -22.4% |
| FY2019 | $854.4M | $0 | $0.00 | $95.1M | 19.0% | 16.9% |
| FY2018 | $827.5M | $0 | $0.00 | $136.2M | 14.5% | 13.3% |
| FY2017 | — | — | — | — | — | — |
Source: annual 10-K filings on SEC EDGAR. Figures in USD.
Executive summary
BELLRING BRANDS, INC. revenue growth over the past decade is N/A; insufficient history prevents a reliable 10-year CAGR calculation.
BELLRING BRANDS, INC. has earned high returns on invested capital, averaging 16.8% ROIC over the available history. High ROIC is consistent with a durable franchise, but it is not by itself proof of an economic moat.
BELLRING BRANDS, INC. capital allocation metrics are N/A for the decade; share count and net debt history are incomplete.
Benjamin Graham lens
Under Benjamin Graham's formula using SEC EDGAR fundamentals, BELLRING BRANDS, INC. is modeled at 15.0% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $55.80 per share.