The Vita Coco Company, Inc. COCO

Consumer StaplesBeveragesUnited States of America

Last close 58.48 USD on Nov 1, 2026, +10.3% year to date

Quant rating

Quant rating A Rank 16 of 124 in Consumer Staples

Growth A 18 of 124
Valuation C 63 of 124
Quality A 7 of 124
Revisions B 41 of 124
Momentum C 60 of 124

Wall Street consensus Buy (1.92)Average target 79.10 USD +35.3%

Historical valuation

Multiples use consensus estimates for the next twelve months. The dashed line is the 5-year average.

Key data

Market cap: 3.3B
Enterprise value: 3.2B
52-week range: 39.70 – 85.83
3-year range: 19.56 – 85.83
Dividend yield: –
Beta (5 years): 0.75
Shares outstanding: 57.1M
Next earnings: Feb 22, 2027

About the company

The Vita Coco Company, Inc. operates in the functional beverages industry. The Company specializes in the coconut and other plant waters category and is a supplier of private label coconut water. It includes its flagship coconut water brand Vita Coco, and protein-infused water PWR LIFT. The Vita Coco brand specializes in coconut water category in the United States with electrolytes, nutrients, vitamins, and coconut water. The Company's segments include Americas and International. The Americas segment is comprised primarily of the United States and Canada and marketing and distribution of various coconut water and non-coconut water products (coconut oil and milk). The International segment is comprised primarily of Europe, the Middle East, and Asia Pacific. The Company also includes its Thai Nam Hom coconut water producer of private label. The Company's products are distributed primarily through club, food, drug, mass, convenience, e-commerce, and food service channels.

Growth and profitability fiscal year ends December 31

Growth and profitability by fiscal year
	2025	2024	2023	2022	2021	5Y avg
Revenue (mil)	610	516	494	428	380	–
Revenue growth	18.2%	4.5%	15.4%	12.7%	22.2%	14.4%
EPS (basic, normalized)	1.19	0.94	0.79	0.14	0.35	–
EPS growth	26.6%	19.0%	464.3%	−60.0%	–	–
Gross margin	36.5%	38.5%	36.6%	24.2%	29.8%	33.1%
Net margin	11.7%	10.8%	9.4%	1.8%	5.0%	7.8%
ROE	24.2%	24.3%	27.1%	5.9%	16.9%	19.7%

Balance sheet, last quarter
Cash & short-term investments (mil)	152
Current ratio	2.48x
Long-term debt (mil)	0
Net debt (mil)	−152
Total equity (mil)	429
Net debt / equity	−0.35x
Net debt / EBITDA	−1.55x

Estimates and valuation

Consensus estimates and implied multiples
	Sales (mil)			EBITDA (mil)			EPS
Fiscal year	Mean est.	Growth	EV/Sales	Mean est.	Growth	EV/EBITDA	Mean est.	Growth	P/E
2025 actual	610	+18.2%	5.2x	98.2	+18.8%	32.4x	1.19	+26.6%	49.1x
2026	818	+34.2%	3.9x	174	+77.2%	18.3x	2.06	+73.3%	28.4x
2027	993	+21.4%	3.2x	187	+7.3%	17.1x	2.18	+5.8%	26.8x
2028	1,120	+12.8%	2.8x	222	+18.8%	14.4x	2.60	+19.2%	22.5x

Estimate revisions

Change in consensus estimates over 1, 3 and 6 months
	Sales				EPS
Fiscal year	Estimate (mil)	1M	3M	6M	Estimate	1M	3M	6M
2026	818	+2.4%	+2.4%	+11.3%	2.06	+6.3%	+5.1%	+19.2%
2027	993	+3.2%	+3.2%	+20.6%	2.18	−1.5%	−2.4%	+11.9%
2028	1,120	+2.4%	+2.4%	+23.0%	2.60	+5.4%	+5.4%	+19.3%

Earnings surprises EPS beat in 3 of the last 4 quarters

Reported results versus consensus, last 10 fiscal quarters
Quarter ended	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Sales reported (mil)	112	144	133	127	131	169	182	128	180	216
Sales mean (mil)	112	144	139	121	125	161	155	116	148	211
Surprise	−0.1%	+0.2%	−4.6%	+5.2%	+4.3%	+4.8%	+17.3%	+9.9%	+21.8%	+2.6%
EPS reported	0.24	0.32	0.32	0.06	0.31	0.38	0.40	0.09	0.50	0.82
EPS mean	0.17	0.29	0.26	0.06	0.20	0.36	0.30	0.12	0.32	0.56
Surprise	+38.5%	+9.4%	+22.5%	−4.0%	+54.4%	+4.8%	+33.5%	−27.1%	+56.5%	+47.4%

Peer comparison Beverages

Peers in the same industry group, by market capitalization
Company	Market cap	Net debt/EBITDA	Net margin	P/B	FY1 P/E	FY2 P/E	FY1 EV/EBITDA	FY2 EV/EBITDA
COCO The Vita Coco Company, Inc.	3.3B	−1.55x	11.7%	7.80x	28.4x	26.8x	18.3x	17.1x
KO Coca-Cola Co	404.7B	1.69x	27.3%	10.83x	28.1x	26.6x	24.7x	23.7x
PEP PepsiCo, Inc.	187.2B	2.22x	8.8%	8.40x	16.3x	16.0x	12.0x	11.7x
BUD Anheuser-Busch Inbev SA	144.6B	3.39x	11.5%	1.68x	18.2x	16.5x	9.3x	8.9x
MNST Monster Beverage Corporation	92.6B	–	23.0%	9.90x	41.0x	36.0x	29.6x	26.4x
CCEP Coca-Cola Europacific Partners PLC	49.8B	–	9.3%	5.43x	22.1x	20.3x	14.2x	13.4x
Mean		1.44x	15.3%	7.34x	25.7x	23.7x	18.0x	16.9x
Median		1.96x	11.6%	8.10x	25.1x	23.5x	16.2x	15.2x

Technical analysis

1M+1.4%
3M−16.0%
1Y+38.4%
3Y+140.1%

Financial statements in millions of USD

Income statement in millions of USD, fiscal years

Income statement, The Vita Coco Company, Inc., fiscal years, most recent first
	2025	2024	2023	2022	2021	2020
Total revenue	610	516	494	428	380	311
Cost of revenue	387	317	313	324	266	206
Gross profit	223	199	181	103	113	105
Selling, general & administrative expenses	140	125	124	91.2	87.3	73.1
Research & development	0.4	0.4	0.4	0.5	–	–
Depreciation/amortization	–	–	0	1.2	1.2	1.2
Interest expense (income), operating	–	–	–	–	–	–
Unusual expense (income)	–	–	0	7.3	0.1	0.1
Other operating expenses	0	0	0	0	0	−16.4
Operating income	82.5	73.8	56.5	3.1	24.5	46.9
Net interest income (expense)	10.2	−3.0	1.4	7.8	−0.2	−3.3
Gain (loss) on sale of assets	–	–	–	–	–	–
Other non-operating income (expense)	0.2	0	0	0	0	0
Net income before taxes	93.0	70.8	57.9	10.8	24.2	43.6
Provision for taxes	21.7	14.8	11.3	3.0	5.2	10.9
Minority interest	–	–	0	0	0	0
Equity in affiliates	–	–	–	–	–	–
U.S. GAAP adjustment	–	–	–	–	–	–
Net income before extraordinary items	71.3	56.0	46.6	7.8	19.0	32.7
Extraordinary items	–	–	–	–	–	–
Net income	71.3	56.0	46.6	7.8	19.0	32.7
EBIT, normalized	101	74.5	58.4	10.4	24.6	46.9
EBITDA, normalized	102	75.2	59.0	12.3	26.7	49.1
Basic EPS, normalized	1.19	0.94	0.79	0.14	0.35	–

Balance sheet in millions of USD, fiscal years

Balance sheet, The Vita Coco Company, Inc., fiscal years, most recent first
	2025	2024	2023	2022	2021	2020
Assets
Cash & short-term investments	197	165	133	20.1	28.7	72.2
Receivables	103	80.8	66.4	57.6	56.6	44.7
Total inventory	111	83.6	50.8	84.1	75.4	32.0
Prepaid expenses	7.6	9.6	9.4	9.5	12.5	10.1
Other current assets	2.0	2.6	3.9	3.6	0.1	0.2
Total current assets	421	341	263	175	173	159
Property, plant & equipment	20.9	2.7	3.5	4.8	2.5	2.9
Goodwill	7.8	7.8	7.8	7.8	7.8	7.8
Intangibles	–	–	–	0	7.9	9.2
Long-term investments	–	–	–	–	–	–
Note receivable	–	–	–	–	–	–
Other long-term assets	11.0	10.6	11.4	10.3	6.0	4.9
Total assets	461	362	286	198	197	184
Liabilities
Accounts payable	25.5	30.8	21.8	15.9	28.3	15.8
Payable/accrued	–	–	–	–	–	–
Accrued expenses	68.4	55.0	49.1	35.9	38.0	30.9
Short-term debt	0	0	0	0	0	0
Current portion of long-term debt	0	0	0	0	0	0
Other current liabilities	22.6	17.5	11.6	2.5	7.6	9.0
Total current liabilities	116	103	82.6	54.3	74.0	55.7
Long-term debt	0	0	0	0	0	25.0
Minority interest	–	–	–	0	0	0.1
Other liabilities	13.2	0.3	0.6	2.3	0.3	0.8
Total liabilities	130	104	83.2	56.7	74.3	81.6
Shareholders' equity
Preferred stock	–	–	–	–	–	–
Common stock	0.6	0.6	0.6	0.6	0.6	0
Additional paid-in capital	185	174	161	145	135	101
Retained earnings (accumulated deficit)	228	157	101	55.2	47.4	28.4
Treasury stock	−83.0	−71.7	−59.7	−58.9	−58.9	−8.9
Other equity	0.5	−0.9	−0.6	−1.0	−0.6	−18.6
Total equity	332	259	202	141	123	102
Total liabilities & shareholders' equity	461	362	286	198	197	184

Cash flow statement in millions of USD, fiscal years

Cash flow statement, The Vita Coco Company, Inc., fiscal years, most recent first
	2025	2024	2023	2022	2021	2020
Operating activities
Net income	71.3	56.0	46.6	7.8	19.0	32.7
Depreciation, depletion & amortization	1.1	0.7	0.7	1.9	2.1	2.1
Deferred taxes	−0.4	0.6	−2.4	−3.1	−1.6	6.3
Non-cash items	9.7	19.7	11.9	11.8	1.6	−9.2
Changes in working capital	−34.5	−34.2	50.3	−29.4	−37.2	1.4
Cash from operations	47.2	42.9	107	−10.9	−16.2	33.3
Investing activities
Capital expenditures	−8.1	−1.0	−0.6	−1.0	−0.6	−0.4
Other investing cash flows	−0.1	0	0	0	0	0
Cash from investing	−8.3	−1.0	−0.6	−1.0	−0.6	−0.4
Financing activities
Financing cash flow items	–	–	0	0	17.6	–
Cash dividends paid	–	–	–	–	–	–
Issuance (retirement) of debt, net	–	–	–	–	–	–
Other financing cash flows	−7.5	−8.3	6.3	3.0	−44.4	2.0
Cash from financing	−7.5	−8.3	6.3	3.0	−26.8	2.0
Foreign exchange effects	0.8	−0.6	0.4	−0.2	0	0.4
Net change in cash	32.2	33.1	113	−9.1	−43.5	35.4
Free cash flow	39.0	41.9	107	−11.9	−16.7	32.9

Disclaimer

The financial data presented in this report is delayed and obtained from sources QDD Research believes to be reliable, including stock exchanges, SEDAR, and EDGAR. However, no representation or warranty is made as to the accuracy, completeness, or timeliness of the information. QDD Research accepts no liability for any errors, omissions, or financial losses arising from the use of this data.

This report is generated using a fully systematic and quantitative approach. All factor scores and the overall quant rating (ranging from D to A+) are derived from algorithmic models and are based solely on objective financial metrics. These scores are intended for informational purposes only and should not be interpreted as investment advice or a recommendation to buy, sell, or hold any securities.

QDD Research is not a registered investment advisor or broker-dealer and does not provide personalized financial advice. The content is not tailored to the specific investment goals, financial situation, or risk profile of any individual investor. We strongly encourage readers to consult with a licensed broker or investment advisor before making any investment decisions based on the information contained in this report.

Live quote provided by TradingView. Report data updated Nov 1, 2026 after market close.