The Vita Coco Company, Inc. (COCO) 10-Year Financial Performance & Capital Metrics

COCO • • Industrial / General

Consumer DefensiveNon-Alcoholic BeveragesAlternative & Plant-Based BeveragesNatural Hydration & Coconut Water

AboutThe Vita Coco Company, Inc. develops, markets, and distributes coconut water products under the Vita Coco brand name in the United States, Canada, Europe, the Middle East, and the Asia Pacific. The company offers coconut oil and coconut milk; Hydration Drink Mix, a powdered form of flavored coconut water; sparkling water; Runa, a plant-based energy drink; purified water under the Ever & Ever brand name; and PWR LIFT, a protein-infused fitness drink. It distributes its products through club, food, drug, mass, convenience, e-commerce, and foodservice channels. In addition, the company supplies coconut water and coconut oil categories to retailers. The company was formerly known as All Market Inc. and changed its name to The Vita Coco Company, Inc. in September 2021.The Vita Coco Company, Inc. was founded in 2004 and is headquartered in New York, New York.Show more

Revenue $516M +4.5%
EBITDA $75M +30.5%
Net Income $56M +20.0%
EPS (Diluted) 0.94 +19.0%
Gross Margin 38.52% +5.6%
EBITDA Margin 14.45% +24.8%
Operating Margin 14.31% +25.0%
Net Margin 10.84% +14.8%
ROE 24.26% -10.6%
ROIC 66.83% +54.1%
Debt/Equity 0.00 -72.0%
Interest Coverage -

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Company is almost debt free
✓Strong 5Y profit CAGR of 42.8%
✓Momentum leader: RS Rating 86 (top 14%)
✓Strong 5Y sales CAGR of 12.7%
✓Good 3Y average ROE of 19.1%
✓Efficient asset utilization: 1.4x turnover

✗Weaknesses

✗Expensive at 12.1x book value

Price & Volume

Loading chart...

Growth Metrics

Revenue CAGR

10Y-

5Y12.69%

3Y10.78%

TTM23.12%

Profit (Net Income) CAGR

10Y-

5Y42.82%

3Y43.3%

TTM16.52%

EPS CAGR

10Y-

5Y40.78%

3Y40.35%

TTM16.16%

ROCE

10Y Avg23.22%

5Y Avg25.3%

3Y Avg22.19%

Latest31.94%

Peer Comparison

Natural Hydration & Coconut Water

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
COCOThe Vita Coco Company, Inc.	3B	52.71	56.07	4.54%	11.35%	21.36%	1.4%	0.00
PRMBPrimo Brands Corporation	6.78B	18.55	-274.00	9.66%	-1.3%	-2.68%	4.67%	1.65

Profit & Loss

	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	283.95M	310.64M	379.51M	427.79M	493.61M	516.01M
Revenue Growth %	-	0.09%	0.22%	0.13%	0.15%	0.05%
Cost of Goods Sold+	190.96M	205.79M	266.37M	324.43M	313.54M	317.23M
COGS % of Revenue	0.67%	0.66%	0.7%	0.76%	0.64%	0.61%
Gross Profit+	92.99M	104.86M	113.15M	103.36M	180.07M	198.78M
Gross Margin %	0.33%	0.34%	0.3%	0.24%	0.36%	0.39%
Gross Profit Growth %	-	0.13%	0.08%	-0.09%	0.74%	0.1%
Operating Expenses+	79.62M	58M	88.56M	100.31M	123.58M	124.96M
OpEx % of Revenue	0.28%	0.19%	0.23%	0.23%	0.25%	0.24%
Selling, General & Admin	77.04M	72.87M	86.86M	91.21M	123.16M	124.96M
SG&A % of Revenue	0.27%	0.23%	0.23%	0.21%	0.25%	0.24%
Research & Development	642K	313K	477K	541K	418K	398K
R&D % of Revenue	0%	0%	0%	0%	0%	0%
Other Operating Expenses	1.94M	-15.18M	1.22M	8.55M	0	-398K
Operating Income+	13.37M	46.86M	24.59M	3.06M	56.49M	73.82M
Operating Margin %	0.05%	0.15%	0.06%	0.01%	0.11%	0.14%
Operating Income Growth %	-	2.5%	-0.48%	-0.88%	17.49%	0.31%
EBITDA+	15.45M	48.98M	26.66M	4.96M	57.15M	74.56M
EBITDA Margin %	0.05%	0.16%	0.07%	0.01%	0.12%	0.14%
EBITDA Growth %	-	2.17%	-0.46%	-0.81%	10.53%	0.3%
D&A (Non-Cash Add-back)	2.08M	2.13M	2.07M	1.9M	660K	745K
EBIT	14.07M	30.46M	24.59M	10.39M	57.95M	70.79M
Net Interest Income+	-938K	-387K	-233K	-207K	2.55M	6.71M
Interest Income	225K	404K	127K	51K	2.58M	6.71M
Interest Expense	1.16M	791K	360K	258K	31K	0
Other Income/Expense	-1.97M	-3.26M	-360K	7.79M	1.43M	-3.03M
Pretax Income+	11.4M	43.6M	24.23M	10.84M	57.92M	70.79M
Pretax Margin %	0.04%	0.14%	0.06%	0.03%	0.12%	0.14%
Income Tax+	1.98M	10.91M	5.24M	3.03M	11.29M	14.84M
Effective Tax Rate %	0.83%	0.75%	0.78%	0.72%	0.81%	0.79%
Net Income+	9.42M	32.66M	19.02M	7.81M	46.63M	55.95M
Net Margin %	0.03%	0.11%	0.05%	0.02%	0.09%	0.11%
Net Income Growth %	-	2.47%	-0.42%	-0.59%	4.97%	0.2%
Net Income (Continuing)	9.42M	32.69M	18.99M	7.81M	46.63M	55.95M
Discontinued Operations	0	0	0	0	0	0
Minority Interest	46K	78K	0	0	0	0
EPS (Diluted)+	0.17	0.59	0.34	0.14	0.79	0.94
EPS Growth %	-	2.47%	-0.42%	-0.59%	4.64%	0.19%
EPS (Basic)	0.17	0.59	0.34	0.14	0.83	0.99
Diluted Shares Outstanding	55.5M	55.5M	55.56M	56.12M	58.75M	59.29M
Basic Shares Outstanding	55.5M	55.5M	55.56M	55.73M	56.43M	56.73M
Dividend Payout Ratio	-	-	-	-	-	-

Balance Sheet

	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Current Assets+	113.02M	159.15M	173.26M	174.92M	262.94M	341.29M
Cash & Short-Term Investments	36.74M	72.18M	28.69M	19.63M	132.54M	164.67M
Cash Only	36.74M	72.18M	28.69M	19.63M	132.54M	164.67M
Short-Term Investments	0	0	0	0	0	0
Accounts Receivable	31.43M	32.63M	56.59M	57.56M	66.35M	80.78M
Days Sales Outstanding	40.41	38.34	54.42	49.11	49.06	57.14
Inventory	37.95M	33.16M	75.36M	85.65M	50.76M	83.6M
Days Inventory Outstanding	72.53	58.81	103.27	96.36	59.09	96.19
Other Current Assets	1.51M	3.27M	126K	4.11M	3.88M	2.65M
Total Non-Current Assets+	33.08M	24.71M	24.23M	25.44M	22.75M	21.09M
Property, Plant & Equipment	3.4M	2.88M	2.47M	4.75M	3.54M	2.74M
Fixed Asset Turnover	83.54x	107.86x	153.46x	89.97x	139.36x	188.60x
Goodwill	7.79M	7.79M	7.79M	7.79M	7.79M	7.79M
Intangible Assets	10.46M	9.15M	7.93M	0	0	0
Long-Term Investments	0	0	0	0	0	0
Other Non-Current Assets	5.3M	4.89M	4.76M	6.04M	4.66M	4.46M
Total Assets+	146.1M	183.86M	197.48M	200.36M	285.68M	362.38M
Asset Turnover	1.94x	1.69x	1.92x	2.14x	1.73x	1.42x
Asset Growth %	-	0.26%	0.07%	0.01%	0.43%	0.27%
Total Current Liabilities+	42.14M	55.7M	73.96M	54.35M	82.58M	103.27M
Accounts Payable	12.84M	15.84M	29.98M	17.52M	23.06M	32M
Days Payables Outstanding	24.55	28.09	41.09	19.71	26.85	36.82
Short-Term Debt	4.02M	22K	28K	757K	13K	10K
Deferred Revenue (Current)	0	0	0	0	0	0
Other Current Liabilities	21.16M	30.69M	3.2M	31.42M	39.01M	57.62M
Current Ratio	2.68x	2.86x	2.34x	3.22x	3.18x	3.30x
Quick Ratio	1.78x	2.26x	1.32x	1.64x	2.57x	2.50x
Cash Conversion Cycle	88.38	69.06	116.6	125.76	81.3	116.51
Total Non-Current Liabilities+	30.16M	25.86M	349K	4.92M	660K	298K
Long-Term Debt	12.93M	25.03M	48K	25K	13K	3K
Capital Lease Obligations	0	0	0	2.05M	0	0
Deferred Tax Liabilities	186K	342K	0	2.6M	0	0
Other Non-Current Liabilities	17.04M	481K	301K	241K	647K	295K
Total Liabilities	72.3M	81.56M	74.31M	59.27M	83.25M	103.56M
Total Debt+	16.95M	25.06M	76K	2.83M	1.22M	435K
Net Debt	-19.79M	-47.13M	-28.61M	-16.8M	-131.32M	-164.23M
Debt / Equity	0.23x	0.24x	0.00x	0.02x	0.01x	0.00x
Debt / EBITDA	1.10x	0.51x	0.00x	0.57x	0.02x	0.01x
Net Debt / EBITDA	-1.28x	-0.96x	-1.07x	-3.39x	-2.30x	-2.20x
Interest Coverage	11.50x	59.24x	68.30x	11.84x	1822.35x	-
Total Equity+	73.8M	102.3M	123.17M	141.09M	202.44M	258.82M
Equity Growth %	-	0.39%	0.2%	0.15%	0.43%	0.28%
Book Value per Share	1.33	1.84	2.22	2.51	3.45	4.37
Total Shareholders' Equity	73.75M	102.22M	123.17M	141.09M	202.44M	258.82M
Common Stock	1K	1K	618K	622K	631K	637K
Retained Earnings	-4.31M	28.35M	47.37M	55.18M	100.74M	156.69M
Treasury Stock	-1.99M	-8.93M	-58.93M	-58.93M	-59.7M	-71.73M
Accumulated OCI	-18.99M	-18.65M	-616K	-994K	-649K	-860K
Minority Interest	46K	78K	0	0	0	0

Cash Flow

	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	21.77M	33.32M	-16.17M	-10.94M	107.16M	42.9M
Operating CF Margin %	0.08%	0.11%	-0.04%	-0.03%	0.22%	0.08%
Operating CF Growth %	-	0.53%	-1.49%	0.32%	10.8%	-0.6%
Net Income	9.42M	32.69M	18.99M	7.81M	46.63M	55.95M
Depreciation & Amortization	2.08M	2.13M	2.07M	1.9M	660K	745K
Stock-Based Compensation	2.23M	1.52M	3.38M	7.38M	9.13M	8.92M
Deferred Taxes	-788K	6.28M	-1.64M	-3.08M	-2.38M	644K
Other Non-Cash Items	3.26M	-10.74M	-1.77M	4.43M	2.8M	10.81M
Working Capital Changes	5.56M	1.45M	-37.19M	-29.38M	50.32M	-34.18M
Change in Receivables	-4.93M	190K	-16.92M	321K	-7.09M	-14.17M
Change in Inventory	11.09M	4.98M	-43.5M	-9.33M	33.69M	-32.98M
Change in Payables	-3.63M	12.71M	20.5M	-16.78M	24.34M	15.67M
Cash from Investing+	-1.01M	-375K	-557K	-982K	-594K	-974K
Capital Expenditures	-1.01M	-392K	-557K	-982K	-599K	-974K
CapEx % of Revenue	0%	0%	0%	0%	0%	0%
Acquisitions	-	-	-	-	-	-
Investments	-	-	-	-	-	-
Other Investing	0	17K	0	0	5K	0
Cash from Financing+	-10.37M	2.05M	-26.8M	3.03M	6.29M	-8.3M
Debt Issued (Net)	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-
Dividends Paid	0	0	0	0	0	0
Share Repurchases	-	-	-	-	-	-
Other Financing	6K	885K	123K	3.06M	7.09M	3.75M
Net Change in Cash	-	-	-	-	-	-
Free Cash Flow+	20.76M	32.93M	-16.72M	-11.92M	106.56M	41.92M
FCF Margin %	0.07%	0.11%	-0.04%	-0.03%	0.22%	0.08%
FCF Growth %	-	0.59%	-1.51%	0.29%	9.94%	-0.61%
FCF per Share	0.37	0.59	-0.30	-0.21	1.81	0.71
FCF Conversion (FCF/Net Income)	2.31x	1.02x	-0.85x	-1.40x	2.30x	0.77x
Interest Paid	1.13M	812K	349K	217K	75K	0
Taxes Paid	1.99M	9.72M	2.44M	4.62M	9.9M	0

Key Ratios

Metric	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	12.76%	37.09%	16.87%	5.91%	27.15%	24.26%
Return on Invested Capital (ROIC)	18.57%	64.37%	24.63%	2.09%	43.36%	66.83%
Gross Margin	32.75%	33.76%	29.81%	24.16%	36.48%	38.52%
Net Margin	3.32%	10.51%	5.01%	1.83%	9.45%	10.84%
Debt / Equity	0.23x	0.24x	0.00x	0.02x	0.01x	0.00x
Interest Coverage	11.50x	59.24x	68.30x	11.84x	1822.35x	-
FCF Conversion	2.31x	1.02x	-0.85x	-1.40x	2.30x	0.77x
Revenue Growth	-	9.4%	22.17%	12.72%	15.39%	4.54%

Revenue by Segment

	2021	2022	2023	2024
Vita Coco Coconut Water	266.5M	314.53M	359.05M	393.61M
Vita Coco Coconut Water Growth	-	18.03%	14.15%	9.62%
Private Label	94.65M	101.03M	121.88M	109.22M
Private Label Growth	-	6.74%	20.64%	-10.38%
Product and Service, Other	18.37M	12.22M	12.68M	13.18M
Product and Service, Other Growth	-	-33.46%	3.75%	3.94%

Revenue by Geography

	2021	2022	2023	2024
Americas	323.89M	352.73M	401.97M	414.35M
Americas Growth	-	8.90%	13.96%	3.08%
International	55.62M	75.06M	91.64M	101.66M
International Growth	-	34.94%	22.09%	10.94%

Frequently Asked Questions

Valuation & Price

The Vita Coco Company, Inc. (COCO) has a price-to-earnings (P/E) ratio of 56.1x. This suggests investors expect higher future growth.

Growth & Financials

The Vita Coco Company, Inc. (COCO) reported $609.3M in revenue for fiscal year 2024. This represents a 115% increase from $283.9M in 2019.

The Vita Coco Company, Inc. (COCO) grew revenue by 4.5% over the past year. Growth has been modest.

Yes, The Vita Coco Company, Inc. (COCO) is profitable, generating $69.2M in net income for fiscal year 2024 (10.8% net margin).

Dividend & Returns

The Vita Coco Company, Inc. (COCO) has a return on equity (ROE) of 24.3%. This is excellent, indicating efficient use of shareholder capital.

The Vita Coco Company, Inc. (COCO) generated $52.9M in free cash flow for fiscal year 2024. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

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The Vita Coco Company, Inc. (COCO) 10-Year Financial Performance & Capital Metrics

COCO • • Industrial / General

Consumer DefensiveNon-Alcoholic BeveragesAlternative & Plant-Based BeveragesNatural Hydration & Coconut Water

Revenue $516M +4.5%
EBITDA $75M +30.5%
Net Income $56M +20.0%
EPS (Diluted) 0.94 +19.0%
Gross Margin 38.52% +5.6%
EBITDA Margin 14.45% +24.8%
Operating Margin 14.31% +25.0%
Net Margin 10.84% +14.8%
ROE 24.26% -10.6%
ROIC 66.83% +54.1%
Debt/Equity 0.00 -72.0%
Interest Coverage -

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Company is almost debt free
✓Strong 5Y profit CAGR of 42.8%
✓Momentum leader: RS Rating 86 (top 14%)
✓Strong 5Y sales CAGR of 12.7%
✓Good 3Y average ROE of 19.1%
✓Efficient asset utilization: 1.4x turnover

✗Weaknesses

✗Expensive at 12.1x book value

Price & Volume

Loading chart...

Growth Metrics

Revenue CAGR

10Y-

5Y12.69%

3Y10.78%

TTM23.12%

Profit (Net Income) CAGR

10Y-

5Y42.82%

3Y43.3%

TTM16.52%

EPS CAGR

10Y-

5Y40.78%

3Y40.35%

TTM16.16%

ROCE

10Y Avg23.22%

5Y Avg25.3%

3Y Avg22.19%

Latest31.94%

Peer Comparison

Natural Hydration & Coconut Water

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
COCOThe Vita Coco Company, Inc.	3B	52.71	56.07	4.54%	11.35%	21.36%	1.4%	0.00
PRMBPrimo Brands Corporation	6.78B	18.55	-274.00	9.66%	-1.3%	-2.68%	4.67%	1.65

Profit & Loss

	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	283.95M	310.64M	379.51M	427.79M	493.61M	516.01M
Revenue Growth %	-	0.09%	0.22%	0.13%	0.15%	0.05%
Cost of Goods Sold+	190.96M	205.79M	266.37M	324.43M	313.54M	317.23M
COGS % of Revenue	0.67%	0.66%	0.7%	0.76%	0.64%	0.61%
Gross Profit+	92.99M	104.86M	113.15M	103.36M	180.07M	198.78M
Gross Margin %	0.33%	0.34%	0.3%	0.24%	0.36%	0.39%
Gross Profit Growth %	-	0.13%	0.08%	-0.09%	0.74%	0.1%
Operating Expenses+	79.62M	58M	88.56M	100.31M	123.58M	124.96M
OpEx % of Revenue	0.28%	0.19%	0.23%	0.23%	0.25%	0.24%
Selling, General & Admin	77.04M	72.87M	86.86M	91.21M	123.16M	124.96M
SG&A % of Revenue	0.27%	0.23%	0.23%	0.21%	0.25%	0.24%
Research & Development	642K	313K	477K	541K	418K	398K
R&D % of Revenue	0%	0%	0%	0%	0%	0%
Other Operating Expenses	1.94M	-15.18M	1.22M	8.55M	0	-398K
Operating Income+	13.37M	46.86M	24.59M	3.06M	56.49M	73.82M
Operating Margin %	0.05%	0.15%	0.06%	0.01%	0.11%	0.14%
Operating Income Growth %	-	2.5%	-0.48%	-0.88%	17.49%	0.31%
EBITDA+	15.45M	48.98M	26.66M	4.96M	57.15M	74.56M
EBITDA Margin %	0.05%	0.16%	0.07%	0.01%	0.12%	0.14%
EBITDA Growth %	-	2.17%	-0.46%	-0.81%	10.53%	0.3%
D&A (Non-Cash Add-back)	2.08M	2.13M	2.07M	1.9M	660K	745K
EBIT	14.07M	30.46M	24.59M	10.39M	57.95M	70.79M
Net Interest Income+	-938K	-387K	-233K	-207K	2.55M	6.71M
Interest Income	225K	404K	127K	51K	2.58M	6.71M
Interest Expense	1.16M	791K	360K	258K	31K	0
Other Income/Expense	-1.97M	-3.26M	-360K	7.79M	1.43M	-3.03M
Pretax Income+	11.4M	43.6M	24.23M	10.84M	57.92M	70.79M
Pretax Margin %	0.04%	0.14%	0.06%	0.03%	0.12%	0.14%
Income Tax+	1.98M	10.91M	5.24M	3.03M	11.29M	14.84M
Effective Tax Rate %	0.83%	0.75%	0.78%	0.72%	0.81%	0.79%
Net Income+	9.42M	32.66M	19.02M	7.81M	46.63M	55.95M
Net Margin %	0.03%	0.11%	0.05%	0.02%	0.09%	0.11%
Net Income Growth %	-	2.47%	-0.42%	-0.59%	4.97%	0.2%
Net Income (Continuing)	9.42M	32.69M	18.99M	7.81M	46.63M	55.95M
Discontinued Operations	0	0	0	0	0	0
Minority Interest	46K	78K	0	0	0	0
EPS (Diluted)+	0.17	0.59	0.34	0.14	0.79	0.94
EPS Growth %	-	2.47%	-0.42%	-0.59%	4.64%	0.19%
EPS (Basic)	0.17	0.59	0.34	0.14	0.83	0.99
Diluted Shares Outstanding	55.5M	55.5M	55.56M	56.12M	58.75M	59.29M
Basic Shares Outstanding	55.5M	55.5M	55.56M	55.73M	56.43M	56.73M
Dividend Payout Ratio	-	-	-	-	-	-

Balance Sheet

	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Current Assets+	113.02M	159.15M	173.26M	174.92M	262.94M	341.29M
Cash & Short-Term Investments	36.74M	72.18M	28.69M	19.63M	132.54M	164.67M
Cash Only	36.74M	72.18M	28.69M	19.63M	132.54M	164.67M
Short-Term Investments	0	0	0	0	0	0
Accounts Receivable	31.43M	32.63M	56.59M	57.56M	66.35M	80.78M
Days Sales Outstanding	40.41	38.34	54.42	49.11	49.06	57.14
Inventory	37.95M	33.16M	75.36M	85.65M	50.76M	83.6M
Days Inventory Outstanding	72.53	58.81	103.27	96.36	59.09	96.19
Other Current Assets	1.51M	3.27M	126K	4.11M	3.88M	2.65M
Total Non-Current Assets+	33.08M	24.71M	24.23M	25.44M	22.75M	21.09M
Property, Plant & Equipment	3.4M	2.88M	2.47M	4.75M	3.54M	2.74M
Fixed Asset Turnover	83.54x	107.86x	153.46x	89.97x	139.36x	188.60x
Goodwill	7.79M	7.79M	7.79M	7.79M	7.79M	7.79M
Intangible Assets	10.46M	9.15M	7.93M	0	0	0
Long-Term Investments	0	0	0	0	0	0
Other Non-Current Assets	5.3M	4.89M	4.76M	6.04M	4.66M	4.46M
Total Assets+	146.1M	183.86M	197.48M	200.36M	285.68M	362.38M
Asset Turnover	1.94x	1.69x	1.92x	2.14x	1.73x	1.42x
Asset Growth %	-	0.26%	0.07%	0.01%	0.43%	0.27%
Total Current Liabilities+	42.14M	55.7M	73.96M	54.35M	82.58M	103.27M
Accounts Payable	12.84M	15.84M	29.98M	17.52M	23.06M	32M
Days Payables Outstanding	24.55	28.09	41.09	19.71	26.85	36.82
Short-Term Debt	4.02M	22K	28K	757K	13K	10K
Deferred Revenue (Current)	0	0	0	0	0	0
Other Current Liabilities	21.16M	30.69M	3.2M	31.42M	39.01M	57.62M
Current Ratio	2.68x	2.86x	2.34x	3.22x	3.18x	3.30x
Quick Ratio	1.78x	2.26x	1.32x	1.64x	2.57x	2.50x
Cash Conversion Cycle	88.38	69.06	116.6	125.76	81.3	116.51
Total Non-Current Liabilities+	30.16M	25.86M	349K	4.92M	660K	298K
Long-Term Debt	12.93M	25.03M	48K	25K	13K	3K
Capital Lease Obligations	0	0	0	2.05M	0	0
Deferred Tax Liabilities	186K	342K	0	2.6M	0	0
Other Non-Current Liabilities	17.04M	481K	301K	241K	647K	295K
Total Liabilities	72.3M	81.56M	74.31M	59.27M	83.25M	103.56M
Total Debt+	16.95M	25.06M	76K	2.83M	1.22M	435K
Net Debt	-19.79M	-47.13M	-28.61M	-16.8M	-131.32M	-164.23M
Debt / Equity	0.23x	0.24x	0.00x	0.02x	0.01x	0.00x
Debt / EBITDA	1.10x	0.51x	0.00x	0.57x	0.02x	0.01x
Net Debt / EBITDA	-1.28x	-0.96x	-1.07x	-3.39x	-2.30x	-2.20x
Interest Coverage	11.50x	59.24x	68.30x	11.84x	1822.35x	-
Total Equity+	73.8M	102.3M	123.17M	141.09M	202.44M	258.82M
Equity Growth %	-	0.39%	0.2%	0.15%	0.43%	0.28%
Book Value per Share	1.33	1.84	2.22	2.51	3.45	4.37
Total Shareholders' Equity	73.75M	102.22M	123.17M	141.09M	202.44M	258.82M
Common Stock	1K	1K	618K	622K	631K	637K
Retained Earnings	-4.31M	28.35M	47.37M	55.18M	100.74M	156.69M
Treasury Stock	-1.99M	-8.93M	-58.93M	-58.93M	-59.7M	-71.73M
Accumulated OCI	-18.99M	-18.65M	-616K	-994K	-649K	-860K
Minority Interest	46K	78K	0	0	0	0

Cash Flow

	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	21.77M	33.32M	-16.17M	-10.94M	107.16M	42.9M
Operating CF Margin %	0.08%	0.11%	-0.04%	-0.03%	0.22%	0.08%
Operating CF Growth %	-	0.53%	-1.49%	0.32%	10.8%	-0.6%
Net Income	9.42M	32.69M	18.99M	7.81M	46.63M	55.95M
Depreciation & Amortization	2.08M	2.13M	2.07M	1.9M	660K	745K
Stock-Based Compensation	2.23M	1.52M	3.38M	7.38M	9.13M	8.92M
Deferred Taxes	-788K	6.28M	-1.64M	-3.08M	-2.38M	644K
Other Non-Cash Items	3.26M	-10.74M	-1.77M	4.43M	2.8M	10.81M
Working Capital Changes	5.56M	1.45M	-37.19M	-29.38M	50.32M	-34.18M
Change in Receivables	-4.93M	190K	-16.92M	321K	-7.09M	-14.17M
Change in Inventory	11.09M	4.98M	-43.5M	-9.33M	33.69M	-32.98M
Change in Payables	-3.63M	12.71M	20.5M	-16.78M	24.34M	15.67M
Cash from Investing+	-1.01M	-375K	-557K	-982K	-594K	-974K
Capital Expenditures	-1.01M	-392K	-557K	-982K	-599K	-974K
CapEx % of Revenue	0%	0%	0%	0%	0%	0%
Acquisitions	-	-	-	-	-	-
Investments	-	-	-	-	-	-
Other Investing	0	17K	0	0	5K	0
Cash from Financing+	-10.37M	2.05M	-26.8M	3.03M	6.29M	-8.3M
Debt Issued (Net)	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-
Dividends Paid	0	0	0	0	0	0
Share Repurchases	-	-	-	-	-	-
Other Financing	6K	885K	123K	3.06M	7.09M	3.75M
Net Change in Cash	-	-	-	-	-	-
Free Cash Flow+	20.76M	32.93M	-16.72M	-11.92M	106.56M	41.92M
FCF Margin %	0.07%	0.11%	-0.04%	-0.03%	0.22%	0.08%
FCF Growth %	-	0.59%	-1.51%	0.29%	9.94%	-0.61%
FCF per Share	0.37	0.59	-0.30	-0.21	1.81	0.71
FCF Conversion (FCF/Net Income)	2.31x	1.02x	-0.85x	-1.40x	2.30x	0.77x
Interest Paid	1.13M	812K	349K	217K	75K	0
Taxes Paid	1.99M	9.72M	2.44M	4.62M	9.9M	0

Key Ratios

Metric	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	12.76%	37.09%	16.87%	5.91%	27.15%	24.26%
Return on Invested Capital (ROIC)	18.57%	64.37%	24.63%	2.09%	43.36%	66.83%
Gross Margin	32.75%	33.76%	29.81%	24.16%	36.48%	38.52%
Net Margin	3.32%	10.51%	5.01%	1.83%	9.45%	10.84%
Debt / Equity	0.23x	0.24x	0.00x	0.02x	0.01x	0.00x
Interest Coverage	11.50x	59.24x	68.30x	11.84x	1822.35x	-
FCF Conversion	2.31x	1.02x	-0.85x	-1.40x	2.30x	0.77x
Revenue Growth	-	9.4%	22.17%	12.72%	15.39%	4.54%

Revenue by Segment

	2021	2022	2023	2024
Vita Coco Coconut Water	266.5M	314.53M	359.05M	393.61M
Vita Coco Coconut Water Growth	-	18.03%	14.15%	9.62%
Private Label	94.65M	101.03M	121.88M	109.22M
Private Label Growth	-	6.74%	20.64%	-10.38%
Product and Service, Other	18.37M	12.22M	12.68M	13.18M
Product and Service, Other Growth	-	-33.46%	3.75%	3.94%

Revenue by Geography

	2021	2022	2023	2024
Americas	323.89M	352.73M	401.97M	414.35M
Americas Growth	-	8.90%	13.96%	3.08%
International	55.62M	75.06M	91.64M	101.66M
International Growth	-	34.94%	22.09%	10.94%

Frequently Asked Questions

Valuation & Price

The Vita Coco Company, Inc. (COCO) has a price-to-earnings (P/E) ratio of 56.1x. This suggests investors expect higher future growth.

Growth & Financials

The Vita Coco Company, Inc. (COCO) reported $609.3M in revenue for fiscal year 2024. This represents a 115% increase from $283.9M in 2019.

The Vita Coco Company, Inc. (COCO) grew revenue by 4.5% over the past year. Growth has been modest.

Yes, The Vita Coco Company, Inc. (COCO) is profitable, generating $69.2M in net income for fiscal year 2024 (10.8% net margin).

Dividend & Returns

The Vita Coco Company, Inc. (COCO) has a return on equity (ROE) of 24.3%. This is excellent, indicating efficient use of shareholder capital.

The Vita Coco Company, Inc. (COCO) generated $52.9M in free cash flow for fiscal year 2024. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.