The Vita Coco Company, Inc. (NASDAQ: COCO) is a leading global beverage enterprise founded in New York in 2004 by Michael Kirban and Ira Liran. The company's mission is to deliver healthy, nutritious, and great-tasting products that are better for consumers and the world. Its flagship product is Vita Coco ...The Vita Coco Company, Inc. (NASDAQ: COCO) is a leading global beverage enterprise founded in New York in 2004 by Michael Kirban and Ira Liran. The company's mission is to deliver healthy, nutritious, and great-tasting products that are better for consumers and the world. Its flagship product is Vita Coco coconut water, which has become the largest coconut water brand globally. The company's product portfolio extends beyond coconut water to include coconut oil and milk, Hydration Drink Mix (powdered flavored coconut water), sparkling water, Runa (a plant-based energy drink), Ever & Ever (purified water), and PWR LIFT (a protein-enhanced fitness beverage). This diverse range allows the company to cater to various consumer needs in the non-alcoholic beverage sector.
The company operates in multiple regions, including the United States, Canada, Europe, the Middle East, and the Asia Pacific. It utilizes a broad distribution network that spans club stores, grocery chains, pharmacies, mass merchandisers, convenience stores, online channels, and foodservice providers. Additionally, Vita Coco acts as a wholesale supplier of coconut water and oil to other retailers, further expanding its market reach.
From a financial perspective, the company has shown strong performance with a market capitalization of approximately $3.57 billion and a TTM revenue per share of $12.35. Its profitability metrics are robust, with a net profit margin of 15.5%, return on equity of 31.1%, and a gross profit margin of 41%. The company maintains a healthy balance sheet with a current ratio of 3.356 and a low debt-to-equity ratio of 0.035. Despite trading at a relatively high earnings multiple (P/E of 32.47), its growth prospects are reflected in a PEG ratio of 0.465, indicating potential undervaluation relative to its growth rate. The company does not pay dividends, reinvesting profits for expansion and innovation.
Key people include co-founder Michael Kirban, who serves as Executive Chairman, and CEO Martin F. Roper, who leads the company's operational and strategic initiatives. The company was originally known as All Market Inc. and adopted its current name in September 2021. It went public on October 21, 2021, listing on NASDAQ Global Select.
In terms of its commitment to social responsibility, Vita Coco is involved in The Vita Coco Project, which aims to positively impact coconut farming communities worldwide, supporting farmer livelihoods and promoting sustainable practices. This aligns with the company's goal to 'spread the goodness of coconuts' while enhancing its brand image and customer loyalty.
Overall, The Vita Coco Company positions itself as a dynamic and socially conscious player in the beverage industry, with significant growth potential through product innovation, global expansion, and a commitment to sustainability.
YoYYoY means Year-over-Year. It compares the latest annual value with the previous annual value to show long-term trend strength.
QoQQoQ means Quarter-over-Quarter. It compares the latest quarter with the immediately previous quarter to show short-term momentum changes.
RevenueThe total money that came through the front door from selling things, before paying a single bill. Think of it as the grand total of every credit card swipe from customers. (YoY compares this year to last year's performance, while QoQ compares the current three months to the previous three).
$609.8M
+18.2%
+20.2%
Net IncomeThe absolute bottom line. If the company paid every single supplier, employee, banker, and tax collector, this is the actual money left in their pocket at the end of the day.
$71.3M
+27.5%
+62.3%
Gross MarginThe basic markup. If they sell a $100 pair of sneakers, this percentage tells you how much of that price tag is profit right after paying for the rubber and shoelaces, but before paying for things like store rent or TV commercials.
+36.3%
-5.7%
+22.8%
Operating MarginThe 'day job' efficiency score. Out of every dollar a customer spends, this shows how many cents the company keeps after making the product AND paying for all the everyday corporate overhead (like salaries, marketing, and keeping the lights on).
+13.6%
-5.2%
+56.4%
Net MarginThe final take-home percentage. When you strip away every conceivable cost, tax, and interest payment, this is the exact number of cents the company truly gets to keep from every dollar in sales.
+11.7%
+7.9%
+35.0%
Free Cash FlowThe holy grail of corporate cash. It's the spendable, physical money left over after the business pays for its daily operations AND buys the big, expensive upgrades (like new factories or servers) it needs to survive. This is the 'free' money they can use to pay dividends or buy back stock.
$39.0M
-6.9%
+433.6%
FCF MarginThe ultimate cash conversion rate. It shows how good the company is at turning regular sales directly into cold, hard, spendable cash. A high percentage means the business is an absolute cash-printing machine.
+6.4%
-21.2%
+343.8%
Debt / EquityThe financial risk gauge. It compares how much of the company's empire was built using borrowed money (loans) versus the owners' own money (shareholders). A high number means they are heavily leveraged and playing a riskier game; a low number means they are playing it safe.
4.5%
+2559.0%
-4.3%
Current RatioThe 12-month survival check. It simply compares the cash they have right now (plus things they can quickly turn into cash) against the immediate bills they absolutely must pay this year. A score above 1 means they have enough in the wallet to cover the upcoming bills without panicking.
3.62x
+9.5%
-8.1%
Total AssetsThe absolute size of the company's empire. It bundles together absolutely everything of value they own—from the cash in the register and the inventory in the warehouse, to the software patents in the vault and the factories on the ground.
Operator: Hello, and welcome to the Vita Coco Company Second Quarter 2026 Earnings Conference Call. My name is Liz, and I will be coordinating your call today. Following prepared remarks, we will open the call to your questions with instructions to be given at that time. I'd now like to hand the call over to John Mills with ICR.
John Mills: Thank you, and welcome to the Vita Coco Company's Second Quarter 2026 Earnings Results Conference Call. Today's call is being recorded. With us are Mr. Mike Kirban, Executive Chairman; Martin Roper, Chief Executive Officer; and Corey Baker, Chief Financial Officer. By now, everyone should have access to the company's second quarter earnings release issued earlier today. This information is available on the Investor Relations section of the Vita Coco Company's website at investors.thevitacococompany.com. Also on the website, there is an accompanying presentation of our commercial and financial performance results. Certain comments made on this call include forward-looking statements, which are subject to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are based on management's current expectations and beliefs concerning future events and are subject to several risks and uncertainties that could cause actual results to differ materially from those described in these forward-looking statements. Please refer to today's press release and other filings with the SEC for a more detailed discussion of the risk factors that could cause actual results to differ materially from those expressed or implied in any forward-looking statements made today. The company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law. Also during the call, we will use some non-GAAP financial measures as we describe our business performance. Our SEC filings as well as the earnings press release and supplementary earnings presentation provide reconciliations of the non-GAAP financial measures to the most directly comparable GAAP measures and are available on our website as well. And with that, it is my pleasure to now turn the call over to Mr. Mike Kirban, our Co-Founder and Executive Chairman.
Michael Kirban: Thanks, John, and good morning, everyone. Thank you for joining us today to discuss our second quarter financial results and our expectations for our full year 2026 performance. I want to start by thanking all of our colleagues across the globe for our strong operational execution year-to-date and particularly in fueling and supporting the acceleration of our growth rate this year. I'm thrilled that the growth trends of the first quarter have continued through the second quarter. Our strong inventory position at the start of the year and the quick reaction time of our teams to the higher demand have enabled us to support our retailers' …