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Side-by-side financial comparison of Vita Coco Company, Inc. (COCO) and H2O AMERICA (HTO). Click either name above to swap in a different company.
H2O AMERICA is the larger business by last-quarter revenue ($199.4M vs $179.8M, roughly 1.1× Vita Coco Company, Inc.). Vita Coco Company, Inc. runs the higher net margin — 17.0% vs 8.1%, a 8.8% gap on every dollar of revenue. On growth, Vita Coco Company, Inc. posted the faster year-over-year revenue change (37.3% vs 1.5%). Over the past eight quarters, H2O AMERICA's revenue compounded faster (15.3% CAGR vs 11.7%).
The Vita Coco Company, doing business simply as Vita Coco, is an American beverage company which mainly sells coconut water. The largest brand globally in coconut/plant waters, Vita Coco has operations in 31 countries as of 2016. It is a benefit corporation. The company is owned by All Market Inc.
H2O Wireless is a United States-based prepaid cell phone service, that utilizes the AT&T network. It is a brand of the mobile virtual network operator (MVNO) Locus Telecommunications, a subsidiary of Telrite Holdings, Inc., since 2019. Locus was formerly a subsidiary of KDDI America corporation, starting in 2010. H2O Wireless is primarily advertised as a non-restrictive phone service for customers to bring or buy unlocked smartphones, although AT&T contract/locked phones may be accepted as well.
COCO vs HTO — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $179.8M | $199.4M |
| Net Profit | $30.5M | $16.2M |
| Gross Margin | 39.9% | — |
| Operating Margin | 18.7% | 16.6% |
| Net Margin | 17.0% | 8.1% |
| Revenue YoY | 37.3% | 1.5% |
| Net Profit YoY | 61.4% | -29.2% |
| EPS (diluted) | $0.50 | $0.45 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q1 26 | $179.8M | — | ||
| Q4 25 | $127.8M | $199.4M | ||
| Q3 25 | $182.3M | $243.5M | ||
| Q2 25 | $168.8M | $197.8M | ||
| Q1 25 | $130.9M | $164.9M | ||
| Q4 24 | $127.3M | $196.5M | ||
| Q3 24 | $132.9M | $216.7M | ||
| Q2 24 | $144.1M | $173.1M |
| Q1 26 | $30.5M | — | ||
| Q4 25 | $5.5M | $16.2M | ||
| Q3 25 | $24.0M | $45.1M | ||
| Q2 25 | $22.9M | $24.7M | ||
| Q1 25 | $18.9M | $16.6M | ||
| Q4 24 | $3.4M | $22.9M | ||
| Q3 24 | $19.3M | $38.7M | ||
| Q2 24 | $19.1M | $20.7M |
| Q1 26 | 39.9% | — | ||
| Q4 25 | 34.9% | — | ||
| Q3 25 | 37.7% | — | ||
| Q2 25 | 36.3% | — | ||
| Q1 25 | 36.7% | — | ||
| Q4 24 | 32.5% | — | ||
| Q3 24 | 38.8% | — | ||
| Q2 24 | 40.8% | — |
| Q1 26 | 18.7% | — | ||
| Q4 25 | 8.0% | 16.6% | ||
| Q3 25 | 15.3% | 26.5% | ||
| Q2 25 | 14.9% | 22.2% | ||
| Q1 25 | 14.7% | 21.8% | ||
| Q4 24 | 3.4% | 22.2% | ||
| Q3 24 | 15.5% | 26.9% | ||
| Q2 24 | 20.8% | 23.4% |
| Q1 26 | 17.0% | — | ||
| Q4 25 | 4.3% | 8.1% | ||
| Q3 25 | 13.2% | 18.5% | ||
| Q2 25 | 13.6% | 12.5% | ||
| Q1 25 | 14.4% | 10.0% | ||
| Q4 24 | 2.6% | 11.7% | ||
| Q3 24 | 14.5% | 17.8% | ||
| Q2 24 | 13.2% | 12.0% |
| Q1 26 | $0.50 | — | ||
| Q4 25 | $0.10 | $0.45 | ||
| Q3 25 | $0.40 | $1.27 | ||
| Q2 25 | $0.38 | $0.71 | ||
| Q1 25 | $0.31 | $0.49 | ||
| Q4 24 | $0.06 | $0.70 | ||
| Q3 24 | $0.32 | $1.17 | ||
| Q2 24 | $0.32 | $0.64 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $201.9M | $20.7M |
| Total DebtLower is stronger | — | $1.9B |
| Stockholders' EquityBook value | $352.2M | $1.5B |
| Total Assets | $488.3M | $5.1B |
| Debt / EquityLower = less leverage | — | 1.23× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $201.9M | — | ||
| Q4 25 | $196.9M | $20.7M | ||
| Q3 25 | $203.7M | $11.3M | ||
| Q2 25 | $167.0M | $19.8M | ||
| Q1 25 | $153.6M | $23.7M | ||
| Q4 24 | $164.7M | $11.1M | ||
| Q3 24 | $156.7M | $4.0M | ||
| Q2 24 | $150.1M | $22.8M |
| Q1 26 | — | — | ||
| Q4 25 | — | $1.9B | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $1.7B | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | $352.2M | — | ||
| Q4 25 | $331.5M | $1.5B | ||
| Q3 25 | $323.7M | $1.5B | ||
| Q2 25 | $296.9M | $1.5B | ||
| Q1 25 | $277.9M | $1.4B | ||
| Q4 24 | $258.8M | $1.4B | ||
| Q3 24 | $252.1M | $1.3B | ||
| Q2 24 | $232.0M | $1.3B |
| Q1 26 | $488.3M | — | ||
| Q4 25 | $461.2M | $5.1B | ||
| Q3 25 | $461.3M | $5.0B | ||
| Q2 25 | $421.1M | $4.8B | ||
| Q1 25 | $384.0M | $4.7B | ||
| Q4 24 | $362.4M | $4.7B | ||
| Q3 24 | $353.1M | $4.6B | ||
| Q2 24 | $323.0M | $4.4B |
| Q1 26 | — | — | ||
| Q4 25 | — | 1.23× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 1.26× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | — | $63.5M |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | — | — |
| Cash ConversionOCF / Net Profit | — | 3.92× |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $-3.9M | $63.5M | ||
| Q3 25 | $39.1M | $77.3M | ||
| Q2 25 | $21.8M | $60.8M | ||
| Q1 25 | $-9.8M | $43.2M | ||
| Q4 24 | $6.9M | $41.5M | ||
| Q3 24 | $9.3M | $53.5M | ||
| Q2 24 | $26.9M | $49.3M |
| Q1 26 | — | — | ||
| Q4 25 | $-7.1M | — | ||
| Q3 25 | $35.6M | — | ||
| Q2 25 | $20.9M | — | ||
| Q1 25 | $-10.4M | — | ||
| Q4 24 | $6.8M | — | ||
| Q3 24 | $8.9M | — | ||
| Q2 24 | $26.6M | — |
| Q1 26 | — | — | ||
| Q4 25 | -5.6% | — | ||
| Q3 25 | 19.6% | — | ||
| Q2 25 | 12.4% | — | ||
| Q1 25 | -7.9% | — | ||
| Q4 24 | 5.3% | — | ||
| Q3 24 | 6.7% | — | ||
| Q2 24 | 18.5% | — |
| Q1 26 | — | — | ||
| Q4 25 | 2.5% | — | ||
| Q3 25 | 1.9% | — | ||
| Q2 25 | 0.6% | — | ||
| Q1 25 | 0.4% | — | ||
| Q4 24 | 0.1% | — | ||
| Q3 24 | 0.3% | — | ||
| Q2 24 | 0.2% | — |
| Q1 26 | — | — | ||
| Q4 25 | -0.70× | 3.92× | ||
| Q3 25 | 1.63× | 1.71× | ||
| Q2 25 | 0.95× | 2.47× | ||
| Q1 25 | -0.52× | 2.61× | ||
| Q4 24 | 2.05× | 1.81× | ||
| Q3 24 | 0.48× | 1.39× | ||
| Q2 24 | 1.41× | 2.38× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
COCO
| Subtotal | $148.2M | 82% |
| Private Label | $24.4M | 14% |
| Other | $7.2M | 4% |
HTO
| Water Utility Services | $191.0M | 96% |
| Other | $8.4M | 4% |
