PRMB vs. KO

Last updated Jun 4, 2026

PRMB (Primo Brands Corp) and KO (The Coca-Cola Company) are both stocks. Both operate in the Beverages - Non-Alcoholic industry within the Consumer Defensive sector. Over the past year, PRMB returned -22.63% vs 13.89% for KO. At a 0.11 correlation, their price movements are largely independent.

Performance

PRMB vs. KO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Primo Brands Corp (PRMB) and The Coca-Cola Company (KO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, PRMB achieves a 48.77% return, which is significantly higher than KO's 13.43% return.

PRMB

• 1D: -1.91%
• 1M: 20.41%
• YTD: 48.77%
• 6M: 47.06%
• 1Y: -22.63%
• 3Y*: —
• 5Y*: —
• 10Y*: —

KO

• 1D: 0.45%
• 1M: 0.73%
• YTD: 13.43%
• 6M: 11.99%
• 1Y: 13.89%
• 3Y*: 12.09%
• 5Y*: 10.20%
• 10Y*: 9.11%

*Multi-year figures are annualized to reflect compound growth (CAGR)

PRMB vs. KO - Yearly Performance Comparison

	2026 (YTD)	2025	2024
PRMB Primo Brands Corp	48.77%	-45.95%	21.05%
KO The Coca-Cola Company	13.43%	15.60%	-0.99%

Correlation

The correlation between PRMB and KO is 0.12, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.12
Correlation (All Time) Calculated using the full available price history since Nov 12, 2024	0.11

Fundamentals

Market Cap PRMB : $8.85B KO : $339.77B
EPS PRMB : $0.16 KO : $3.18
PE Ratio PRMB : 153.67 KO : 24.80
PEG Ratio PRMB : 0.85 KO : 2.99
PS Ratio PRMB : 1.35 KO : 6.89
PB Ratio PRMB : 2.99 KO : 10.10
Total Revenue (TTM) PRMB : $6.68B KO : $49.28B
Gross Profit (TTM) PRMB : $1.95B KO : $30.43B
EBITDA (TTM) PRMB : $956.60M KO : $18.35B

Return for Risk

PRMB vs. KO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

PRMB

PRMB Risk / Return Rank: 24
PRMB Sharpe Ratio Rank: 21
PRMB Sortino Ratio Rank: 22
PRMB Omega Ratio Rank: 21
PRMB Calmar Ratio Rank: 27
PRMB Martin Ratio Rank: 28

KO

KO Risk / Return Rank: 66
KO Sharpe Ratio Rank: 68
KO Sortino Ratio Rank: 63
KO Omega Ratio Rank: 58
KO Calmar Ratio Rank: 71
KO Martin Ratio Rank: 68

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

PRMB vs. KO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Primo Brands Corp (PRMB) and The Coca-Cola Company (KO). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	PRMB	KO	Difference
Sharpe ratio: Return per unit of total volatility	-0.47	0.88	-1.36
Sortino ratio: Return per unit of downside risk	-0.37	1.45	-1.81
Omega ratio: Gain probability vs. loss probability	0.94	1.16	-0.22
Calmar ratio: Return relative to maximum drawdown	-0.42	1.77	-2.19
Martin ratio: Return relative to average drawdown	-0.69	3.48	-4.17
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

PRMB vs. KO - Sharpe Ratio Comparison

The current PRMB Sharpe Ratio is -0.47, which is lower than the KO Sharpe Ratio of 0.88. The chart below compares the historical Sharpe Ratios of PRMB and KO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	PRMB	KO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.47	0.88	-1.36
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.64	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.50	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.04	0.53	-0.57

Drawdowns

PRMB vs. KO - Drawdown Comparison

The maximum PRMB drawdown since its inception was -59.12%, smaller than the maximum KO drawdown of -68.23%. Use the drawdown chart below to compare losses from any high point for PRMB and KO.

Drawdown Indicators

	PRMB	KO	Difference
Max Drawdown Largest peak-to-trough decline	-59.12%	-68.23%	+9.11%
Max Drawdown (1Y) Largest decline over 1 year	-53.88%	-7.89%	-45.99%
Max Drawdown (3Y) Largest decline over 3 years	—	-16.26%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-17.27%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-36.99%	—
Current Drawdown Current decline from peak	-30.77%	-3.86%	-26.91%
Average Drawdown Average peak-to-trough decline	-25.92%	-16.09%	-9.83%
Ulcer Index Depth and duration of drawdowns from previous peaks	33.30%	4.00%	+29.30%

Volatility

PRMB vs. KO - Volatility Comparison

Primo Brands Corp (PRMB) has a higher volatility of 14.32% compared to The Coca-Cola Company (KO) at 4.16%. This indicates that PRMB's price experiences larger fluctuations and is considered to be riskier than KO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PRMB	KO	Difference
Volatility (1M) Calculated over the trailing 1-month period	14.32%	4.16%	+10.16%
Volatility (6M) Calculated over the trailing 6-month period	29.78%	11.79%	+17.99%
Volatility (1Y) Calculated over the trailing 1-year period	47.95%	15.86%	+32.09%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	42.66%	16.00%	+26.66%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	42.66%	18.16%	+24.50%

Dividends

PRMB vs. KO - Dividend Comparison

PRMB's dividend yield for the trailing twelve months is around 1.74%, less than KO's 2.62% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
KO The Coca-Cola Company	2.62%	2.92%	3.12%	3.12%	2.77%	2.84%	2.99%	2.89%	3.29%	3.23%	3.38%	3.07%
PRMB Primo Brands Corp	1.74%	2.45%	0.29%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Financials

PRMB vs. KO - Profitability Comparison

The chart below illustrates the profitability comparison between Primo Brands Corp and The Coca-Cola Company over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

PRMB - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Primo Brands Corp reported a gross profit of 464.90M and revenue of 1.63B. Therefore, the gross margin over that period was 28.6%.

KO - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, The Coca-Cola Company reported a gross profit of 7.85B and revenue of 12.47B. Therefore, the gross margin over that period was 63.0%.

PRMB - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Primo Brands Corp reported an operating income of 138.00M and revenue of 1.63B, resulting in an operating margin of 8.5%.

KO - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, The Coca-Cola Company reported an operating income of 4.36B and revenue of 12.47B, resulting in an operating margin of 35.0%.

PRMB - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Primo Brands Corp reported a net income of 27.30M and revenue of 1.63B, resulting in a net margin of 1.7%.

KO - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, The Coca-Cola Company reported a net income of 3.92B and revenue of 12.47B, resulting in a net margin of 31.5%.

Frequently Asked Questions

Can I hold both PRMB and KO in my portfolio?

PRMB and KO have a correlation of 0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, PRMB or KO?

PRMB has higher volatility (14.32%) compared to KO (4.16%). In terms of maximum drawdown, PRMB dropped -59.12% vs KO's -68.23%.

Which has better risk-adjusted returns?

KO currently has the higher Sharpe Ratio (0.88 vs -0.47), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.