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Diageo vs Primo Brands: revenue, profit, margins and growth compared

Diageo brought in $28B of revenue in fiscal 2025, Primo Brands $6.7B in fiscal 2025. Revenue changed by +0.3% at Diageo and +29.3% at Primo Brands on the year before, so Primo Brands grew faster. Diageo kept 9.1% of its revenue as net profit, Primo Brands 0.9%.

Side by side, latest fiscal year

DEOPRMB
Fiscal year endedFY2025 (June 30, 2025)FY2025 (December 31, 2025)
Revenue$28B$6.7B
Revenue growth+0.3%+29.3%
Net income$2.5B$60.1M
Net margin9.1%0.9%
Free cash flown/a$302.9M
Free cash flow marginn/a4.5%
Earnings per share (diluted)$1.06$0.16
Cash$2.2B$376.7M
Debt$21.9B$5.1B
Price to earningsn/a121.8
Market value$48B$7.1B
Dividend yieldn/a2.05%
Rank by revenue in sector#13 of 154 · Consumer staples#35 of 154 · Consumer staples

Over the years

Revenue
DEO FY2022: $29.8BDEO FY2024: $28.3BDEO FY2024: $27.9BDEO FY2025: $28BPRMB FY2022: $4.4BPRMB FY2024: $4.7BPRMB FY2024: $5.2BPRMB FY2025: $6.7BFY22FY24FY25
DEO $28BPRMB $6.7B
Net income
DEO FY2022: $4.4BDEO FY2024: $4.5BDEO FY2024: $4.2BDEO FY2025: $2.5BPRMB FY2022: -$126.7MPRMB FY2024: $92.8MPRMB FY2024: -$16.4MPRMB FY2025: $60.1MFY22FY24FY25
DEO $2.5BPRMB $60.1M
Net margin
DEO FY2022: 14.8%DEO FY2024: 15.8%DEO FY2024: 14.9%DEO FY2025: 9.1%PRMB FY2022: -2.9%PRMB FY2024: 2.0%PRMB FY2024: -0.3%PRMB FY2025: 0.9%FY22FY24FY25
DEO 9.1%PRMB 0.9%
Revenue growth
DEO FY2024: -5.0%DEO FY2024: -1.3%DEO FY2025: +0.3%PRMB FY2024: +5.8%PRMB FY2024: +9.7%PRMB FY2025: +29.3%FY24FY25
DEO +0.3%PRMB +29.3%
Free cash flow
PRMB FY2022: -$150.2MPRMB FY2024: $117.3MPRMB FY2024: $313.6MPRMB FY2025: $302.9MFY22FY24FY25
DEOPRMB $302.9M

Fiscal years as each company reports them; the two may end in different months.

Questions about Diageo and Primo Brands

Which is bigger by revenue, Diageo or Primo Brands?

Diageo is bigger by revenue: $28B in fiscal 2025, against $6.7B for Primo Brands in fiscal 2025.

Which keeps more of its revenue as profit, Diageo or Primo Brands?

Diageo had a net margin of 9.1% in fiscal 2025; Primo Brands had 0.9% in fiscal 2025.

Which grew revenue faster, Diageo or Primo Brands?

In their latest fiscal years revenue changed by +0.3% at Diageo and +29.3% at Primo Brands.

Where do these numbers come from?

From the annual reports each company files with the SEC (10-K, or 20-F and 40-F for foreign companies), read from their XBRL data. Margins and growth are simple arithmetic on those figures. Nothing here is a recommendation.

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