Recent News
On July 21 the company announced “Mascot Love: Where Icons Catch Feelings,” a branded parody series premiering on social channels July 30; on September 4 the company launched “Major League Hydration by Vita Coco,” a campaign featuring elite athletes as brand ambassadors; on September 8 the company unveiled the “Concrete Jungle Gym” Brooklyn pop-up fitness experience.
Technical Analysis
Trend strength (ADX/DI): ADX at 36.13 indicates a strong trend; DI+ sits at 35.64 and shows an increasing trend while DI- at 13.76 shows a decreasing trend, which supports directional strength to the upside and aligns with momentum bias favoring further gains.
MACD: MACD registered at 1.31 with the MACD line above the 1.04 signal line and the MACD trend increasing, which represents a bullish momentum signal and suggests continuation of recent upward price pressure.
MRO (Momentum/Regression Oscillator): MRO at 21.58 and increasing indicates the current price sits above the WMDST target and therefore carries potential downward pressure toward that valuation reference; the magnitude implies a material, but not extreme, reversion potential.
RSI: RSI at 57.55 with a peak & reversal pattern signals the relative-strength measure reached a local high and shows signs of rolling back, implying a greater probability of short-term pullback within the larger uptrend.
Price versus moving averages and bands: Latest close at $41.19 sits above the 12-day EMA ($39.66), 20-day average ($39.51), 50-day average ($36.64) and 200-day average ($35.35); the 12-day EMA trend increases, and the price sits near the upper Bollinger band, which supports continuation risk with a higher chance of a short-term retracement toward the moving-average band.
Volatility & breadth: Beta metrics show muted market sensitivity (42-day beta 0.12, 52-week beta 0.75), and volume sits slightly below the 10-day average but above the 200-day average, indicating above-normal longer-term participation without extreme short-term volume confirmation.
Fundamental Analysis
Profitability: Operating (EBIT) margin at 14.89% improved slightly quarter-over-quarter (QoQ change +1.02%) but declined year-over-year (YoY change -15.90%). The operating margin sits above the industry peer mean of 14.606% and above the industry peer median of 7.638%, indicating current margin performance ranks modestly above typical peers.
Top-line and earnings momentum: YoY revenue growth registered -0.42% while quarter-over-quarter revenue growth measured +9.14%; reported EPS of $0.38 beat the estimate of $0.35, producing an EPS surprise ratio of 8.57% and reflecting positive short-term earnings delivery versus expectations.
Cash, liquidity and leverage: Cash and short-term investments total $167,042,000; current ratio measures 3.51 and quick ratio 2.75, reflecting ample near-term liquidity. Total debt sits at $14,004,000 with debt-to-assets of 3.33% and debt-to-equity of 4.72%, indicating very low financial leverage.
Working capital and efficiency: Cash conversion cycle stands at 116.77 days, which exceeds the industry peer mean of about -99.66 days and the peer median of -57.24 days, indicating longer cash tied-up in operations relative to peers. Asset turnover at 0.419 compares above the industry peer mean of 0.228, showing relatively efficient top-line generation from assets despite the extended cash cycle.
Valuation context: Price-to-book sits at 6.71 (below the industry peer mean of 7.76), P/S at 11.81, and P/E at 94.81 with forward P/E of 123.67. The WMDST valuation registers the stock as fair-valued, and the consensus price-target mean of $41.07 aligns closely with the latest close of $41.19, indicating market price sits near the analyst-average expectation.
MOST-RECENT QUARTERLY REPORT
| REPORT PERIOD ENDING: | 2025-06-30 |
| REPORT DATE: | 2025-07-30 |
| NEXT REPORT DATE: | 2025-10-29 |
| CASH FLOW | Begin Period Cash Flow | $ 154.9 M |
| Operating Cash Flow | $ 21.8 M | |
| Capital Expenditures | $ -949.00 K | |
| Change In Working Capital | $ -3.62 M | |
| Dividends Paid | — | |
| Cash Flow Delta | $ 13.4 M | |
| End Period Cash Flow | $ 168.3 M | |
| INCOME STATEMENT | REVENUE | |
| Total Revenue | $ 168.8 M | |
| Forward Revenue | $ 29.0 M | |
| COSTS | ||
| Cost Of Revenue | $ 107.5 M | |
| Depreciation | $ 206.0 K | |
| Depreciation and Amortization | $ 206.0 K | |
| Research and Development | — | |
| Total Operating Expenses | $ 143.6 M | |
| PROFITABILITY | ||
| Gross Profit | $ 61.3 M | |
| EBITDA | $ 25.3 M | |
| EBIT | $ 25.1 M | |
| Operating Income | $ 25.1 M | |
| Interest Income | $ 1.5 M | |
| Interest Expense | — | |
| Net Interest Income | $ 1.5 M | |
| Income Before Tax | $ 28.2 M | |
| Tax Provision | $ 5.3 M | |
| Tax Rate | 18.7 % | |
| Net Income | $ 22.9 M | |
| Net Income From Continuing Operations | $ 22.9 M | |
| EARNINGS | ||
| EPS Estimate | $ 0.35 | |
| EPS Actual | $ 0.38 | |
| EPS Difference | $ 0.03 | |
| EPS Surprise | 8.571 % | |
| Forward EPS | $ 0.28 | |
| BALANCE SHEET | ASSETS | |
| Total Assets | $ 421.1 M | |
| Intangible Assets | $ 7.8 M | |
| Net Tangible Assets | $ 289.1 M | |
| Total Current Assets | $ 386.7 M | |
| Cash and Short-Term Investments | $ 167.0 M | |
| Cash | $ 167.0 M | |
| Net Receivables | $ 102.6 M | |
| Inventory | $ 84.1 M | |
| Long-Term Investments | $ 2.6 M | |
| LIABILITIES | ||
| Accounts Payable | $ 25.8 M | |
| Short-Term Debt | $ 8.0 K | |
| Total Current Liabilities | $ 110.0 M | |
| Net Debt | — | |
| Total Debt | $ 14.0 M | |
| Total Liabilities | $ 124.1 M | |
| EQUITY | ||
| Total Equity | $ 296.9 M | |
| Retained Earnings | $ 198.5 M | |
| VALUATION & PER-SHARE METRICS | EQUITY & PER-SHARE METRICS | |
| Book Value Per-Share | $ 5.23 | |
| Shares Outstanding | 56.803 M | |
| Revenue Per-Share | $ 2.97 | |
| VALUATION | Market Capitalization | $ 2.0 B |
| Enterprise Value | $ 1.8 B | |
| Enterprise Multiple | 72.671 | |
| Enterprise Multiple QoQ | -18.054 % | |
| Enterprise Multiple YoY | 36.542 % | |
| Enterprise Multiple IPRWA | high: 106.043 median: 106.043 mean: 87.296 COCO: 72.671 low: -106.182 |
|
| EV/R | 10.907 | |
| CAPITAL STRUCTURE | ||
| Asset To Equity | 1.418 | |
| Asset To Liability | 3.392 | |
| Debt To Capital | 0.045 | |
| Debt To Assets | 0.033 | |
| Debt To Assets QoQ | 1.402 % | |
| Debt To Assets YoY | — | |
| Debt To Assets IPRWA | high: 0.613 mean: 0.352 median: 0.319 COCO: 0.033 low: 0.022 |
|
| Debt To Equity | 0.047 | |
| Debt To Equity QoQ | 4.06 % | |
| Debt To Equity YoY | — | |
| Debt To Equity IPRWA | high: 5.163 mean: 1.241 median: 1.1 COCO: 0.047 low: 0.034 |
|
| PRICE-BASED VALUATION | ||
| Price To Book (P/B) | 6.714 | |
| Price To Book QoQ | -0.231 % | |
| Price To Book YoY | 2.653 % | |
| Price To Book IPRWA | high: 33.155 mean: 7.763 COCO: 6.714 median: 6.664 low: 0.003 |
|
| Price To Earnings (P/E) | 94.805 | |
| Price To Earnings QoQ | -10.381 % | |
| Price To Earnings YoY | 13.511 % | |
| Price To Earnings IPRWA | high: 230.166 median: 230.166 mean: 180.961 COCO: 94.805 low: -49.567 |
|
| PE/G Ratio | 4.198 | |
| Price To Sales (P/S) | 11.814 | |
| Price To Sales QoQ | -17.286 % | |
| Price To Sales YoY | 12.198 % | |
| Price To Sales IPRWA | high: 43.471 COCO: 11.814 mean: 9.998 median: 7.611 low: 0.008 |
|
| FORWARD MULTIPLES | ||
| Forward P/E | 123.67 | |
| Forward PE/G | 5.477 | |
| Forward P/S | 68.758 | |
| EFFICIENCY | OPERATIONAL | |
| Operating Leverage | 1.045 | |
| ASSET & SALES | ||
| Asset Turnover Ratio | 0.419 | |
| Asset Turnover Ratio QoQ | 19.502 % | |
| Asset Turnover Ratio YoY | -10.97 % | |
| Asset Turnover Ratio IPRWA | high: 0.549 COCO: 0.419 median: 0.251 mean: 0.228 low: 0.095 |
|
| Receivables Turnover | 1.882 | |
| Receivables Turnover Ratio QoQ | 0.793 % | |
| Receivables Turnover Ratio YoY | -10.68 % | |
| Receivables Turnover Ratio IPRWA | high: 5.038 median: 5.038 mean: 4.55 COCO: 1.882 low: 1.293 |
|
| Inventory Turnover | 1.247 | |
| Inventory Turnover Ratio QoQ | 29.383 % | |
| Inventory Turnover Ratio YoY | -25.369 % | |
| Inventory Turnover Ratio IPRWA | high: 4.219 median: 1.884 mean: 1.776 COCO: 1.247 low: 0.12 |
|
| Days Sales Outstanding (DSO) | 48.478 | |
| CASH CYCLE | ||
| Cash Conversion Cycle Days (CCC) | 116.766 | |
| Cash Conversion Cycle Days QoQ | 5.094 % | |
| Cash Conversion Cycle Days YoY | 32.452 % | |
| Cash Conversion Cycle Days IPRWA | COCO: 116.766 high: 101.105 median: -57.237 mean: -99.661 low: -225.792 |
|
| CAPITAL DEPLOYMENT | ||
| Cash Conversion Ratio | 0.61 | |
| CapEx To Revenue | -0.006 | |
| CapEx To Depreciation | -4.607 | |
| CAPITAL, LIQUIDITY & COVERAGE | CAPITAL STRUCTURE | |
| Total Capital | $ 296.9 M | |
| Net Invested Capital | $ 296.9 M | |
| Invested Capital | $ 296.9 M | |
| Net Tangible Assets | $ 289.1 M | |
| Net Working Capital | $ 276.7 M | |
| LIQUIDITY | ||
| Cash Ratio | 1.518 | |
| Current Ratio | 3.514 | |
| Current Ratio QoQ | -6.644 % | |
| Current Ratio YoY | 6.167 % | |
| Current Ratio IPRWA | high: 4.068 COCO: 3.514 mean: 1.342 median: 1.339 low: 0.119 |
|
| Quick Ratio | 2.75 | |
| Quick Ratio QoQ | -2.425 % | |
| Quick Ratio YoY | -2.122 % | |
| Quick Ratio IPRWA | COCO: 2.75 high: 2.255 median: 1.063 mean: 0.961 low: 0.056 |
|
| COVERAGE & LEVERAGE | ||
| Debt To EBITDA | 0.553 | |
| Cost Of Debt | 0.0 % | |
| Interest Coverage Ratio | — | |
| Interest Coverage Ratio QoQ | — | |
| Interest Coverage Ratio YoY | — | |
| Interest Coverage Ratio IPRWA | — | |
| Operating Cash Flow Ratio | 0.043 | |
| TIMING / LIQUIDITY | ||
| Days Payables Outstanding (DPO) | 26.692 | |
| DIVIDENDS | ||
| Dividend Coverage Ratio | — | |
| Dividend Payout Ratio | — | |
| Dividend Rate | — | |
| Dividend Yield | — | |
| PERFORMANCE | GROWTH | |
| Asset Growth Rate | 9.664 % | |
| Revenue Growth | 28.901 % | |
| Revenue Growth QoQ | 914.07 % | |
| Revenue Growth YoY | -0.42 % | |
| Revenue Growth IPRWA | high: 35.194 % COCO: 28.901 % median: 7.938 % mean: -1.682 % low: -100.0 % |
|
| Earnings Growth | 22.581 % | |
| Earnings Growth QoQ | -94.581 % | |
| Earnings Growth YoY | -32.256 % | |
| Earnings Growth IPRWA | high: 321.429 % median: 69.231 % mean: 53.506 % COCO: 22.581 % low: -118.182 % |
|
| MARGINS | ||
| Gross Margin | 36.303 % | |
| Gross Margin QoQ | -1.157 % | |
| Gross Margin YoY | -10.928 % | |
| Gross Margin IPRWA | high: 62.393 % mean: 45.255 % median: 40.651 % COCO: 36.303 % low: -0.887 % |
|
| EBIT Margin | 14.886 % | |
| EBIT Margin QoQ | 1.018 % | |
| EBIT Margin YoY | -15.898 % | |
| EBIT Margin IPRWA | high: 41.811 % COCO: 14.886 % mean: 14.606 % median: 7.638 % low: -53.415 % |
|
| Return On Sales (ROS) | 14.886 % | |
| Return On Sales QoQ | 1.018 % | |
| Return On Sales YoY | -15.898 % | |
| Return On Sales IPRWA | high: 34.456 % COCO: 14.886 % mean: 14.03 % median: 8.436 % low: -53.415 % |
|
| CASH FLOW | ||
| Free Cash Flow (FCF) | $ 20.9 M | |
| Free Cash Flow Yield | 1.046 % | |
| Free Cash Flow Yield QoQ | -288.809 % | |
| Free Cash Flow Yield YoY | -40.399 % | |
| Free Cash Flow Yield IPRWA | high: 5.519 % mean: 1.375 % median: 1.122 % COCO: 1.046 % low: -4.547 % |
|
| Free Cash Growth | -301.38 % | |
| Free Cash Growth QoQ | 19.403 % | |
| Free Cash Growth YoY | -95.639 % | |
| Free Cash Growth IPRWA | high: 112.547 % mean: -118.817 % median: -161.132 % low: -183.664 % COCO: -301.38 % |
|
| Free Cash To Net Income | 0.911 | |
| Cash Flow Margin | 2.817 % | |
| Cash Flow To Earnings | 0.208 | |
| VALUE & RETURNS | ||
| Economic Value Added | $ 0.04 | |
| Return On Assets (ROA) | 5.691 % | |
| Return On Assets QoQ | 12.47 % | |
| Return On Assets YoY | -8.783 % | |
| Return On Assets IPRWA | high: 5.765 % COCO: 5.691 % mean: 1.07 % median: 0.321 % low: -7.006 % |
|
| Return On Capital Employed (ROCE) | 8.077 % | |
| Return On Equity (ROE) | 0.077 | |
| Return On Equity QoQ | 13.523 % | |
| Return On Equity YoY | -6.258 % | |
| Return On Equity IPRWA | high: 0.133 COCO: 0.077 mean: 0.03 median: 0.011 low: -1.182 |
|
| DuPont ROE | 7.971 % | |
| Return On Invested Capital (ROIC) | 6.88 % | |
| Return On Invested Capital QoQ | 27.857 % | |
| Return On Invested Capital YoY | -154.118 % | |
| Return On Invested Capital IPRWA | high: 7.264 % median: 7.264 % COCO: 6.88 % mean: 6.23 % low: -12.05 % |
|