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Side-by-side financial comparison of Vita Coco Company, Inc. (COCO) and ONESPAWORLD HOLDINGS Ltd (OSW). Click either name above to swap in a different company.
ONESPAWORLD HOLDINGS Ltd is the larger business by last-quarter revenue ($242.1M vs $179.8M, roughly 1.3× Vita Coco Company, Inc.). Vita Coco Company, Inc. runs the higher net margin — 17.0% vs 5.0%, a 12.0% gap on every dollar of revenue. On growth, Vita Coco Company, Inc. posted the faster year-over-year revenue change (37.3% vs 11.5%). Over the past eight quarters, Vita Coco Company, Inc.'s revenue compounded faster (11.7% CAGR vs 7.1%).
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.
COCO vs OSW — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $179.8M | $242.1M |
| Net Profit | $30.5M | $12.1M |
| Gross Margin | 39.9% | — |
| Operating Margin | 18.7% | 6.8% |
| Net Margin | 17.0% | 5.0% |
| Revenue YoY | 37.3% | 11.5% |
| Net Profit YoY | 61.4% | -16.2% |
| EPS (diluted) | $0.50 | $0.12 |
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 | $242.1M | ||
| Q3 25 | $182.3M | $258.5M | ||
| Q2 25 | $168.8M | $240.7M | ||
| Q1 25 | $130.9M | $219.6M | ||
| Q4 24 | $127.3M | $217.2M | ||
| Q3 24 | $132.9M | $241.7M | ||
| Q2 24 | $144.1M | $224.9M |
| Q1 26 | $30.5M | — | ||
| Q4 25 | $5.5M | $12.1M | ||
| Q3 25 | $24.0M | $24.3M | ||
| Q2 25 | $22.9M | $19.9M | ||
| Q1 25 | $18.9M | $15.3M | ||
| Q4 24 | $3.4M | $14.4M | ||
| Q3 24 | $19.3M | $21.6M | ||
| Q2 24 | $19.1M | $15.8M |
| 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% | 6.8% | ||
| Q3 25 | 15.3% | 10.2% | ||
| Q2 25 | 14.9% | 9.2% | ||
| Q1 25 | 14.7% | 7.7% | ||
| Q4 24 | 3.4% | 7.9% | ||
| Q3 24 | 15.5% | 10.3% | ||
| Q2 24 | 20.8% | 8.4% |
| Q1 26 | 17.0% | — | ||
| Q4 25 | 4.3% | 5.0% | ||
| Q3 25 | 13.2% | 9.4% | ||
| Q2 25 | 13.6% | 8.3% | ||
| Q1 25 | 14.4% | 7.0% | ||
| Q4 24 | 2.6% | 6.6% | ||
| Q3 24 | 14.5% | 8.9% | ||
| Q2 24 | 13.2% | 7.0% |
| Q1 26 | $0.50 | — | ||
| Q4 25 | $0.10 | $0.12 | ||
| Q3 25 | $0.40 | $0.23 | ||
| Q2 25 | $0.38 | $0.19 | ||
| Q1 25 | $0.31 | $0.15 | ||
| Q4 24 | $0.06 | $0.13 | ||
| Q3 24 | $0.32 | $0.20 | ||
| Q2 24 | $0.32 | $0.15 |
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 | $16.3M |
| Total DebtLower is stronger | — | $84.0M |
| Stockholders' EquityBook value | $352.2M | $542.6M |
| Total Assets | $488.3M | $707.1M |
| Debt / EquityLower = less leverage | — | 0.15× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $201.9M | — | ||
| Q4 25 | $196.9M | $16.3M | ||
| Q3 25 | $203.7M | $29.6M | ||
| Q2 25 | $167.0M | $35.0M | ||
| Q1 25 | $153.6M | $22.6M | ||
| Q4 24 | $164.7M | $57.4M | ||
| Q3 24 | $156.7M | $48.8M | ||
| Q2 24 | $150.1M | $62.5M |
| Q1 26 | — | — | ||
| Q4 25 | — | $84.0M | ||
| Q3 25 | — | $85.2M | ||
| Q2 25 | — | $96.2M | ||
| Q1 25 | — | $97.4M | ||
| Q4 24 | — | $98.6M | ||
| Q3 24 | — | $98.7M | ||
| Q2 24 | — | $123.8M |
| Q1 26 | $352.2M | — | ||
| Q4 25 | $331.5M | $542.6M | ||
| Q3 25 | $323.7M | $552.8M | ||
| Q2 25 | $296.9M | $548.3M | ||
| Q1 25 | $277.9M | $530.6M | ||
| Q4 24 | $258.8M | $554.5M | ||
| Q3 24 | $252.1M | $540.1M | ||
| Q2 24 | $232.0M | $532.7M |
| Q1 26 | $488.3M | — | ||
| Q4 25 | $461.2M | $707.1M | ||
| Q3 25 | $461.3M | $732.6M | ||
| Q2 25 | $421.1M | $731.8M | ||
| Q1 25 | $384.0M | $708.7M | ||
| Q4 24 | $362.4M | $746.4M | ||
| Q3 24 | $353.1M | $734.0M | ||
| Q2 24 | $323.0M | $756.8M |
| Q1 26 | — | — | ||
| Q4 25 | — | 0.15× | ||
| Q3 25 | — | 0.15× | ||
| Q2 25 | — | 0.18× | ||
| Q1 25 | — | 0.18× | ||
| Q4 24 | — | 0.18× | ||
| Q3 24 | — | 0.18× | ||
| Q2 24 | — | 0.23× |
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 | — | $20.0M |
| Free Cash FlowOCF − Capex | — | $14.9M |
| FCF MarginFCF / Revenue | — | 6.2% |
| Capex IntensityCapex / Revenue | — | 2.1% |
| Cash ConversionOCF / Net Profit | — | 1.65× |
| TTM Free Cash FlowTrailing 4 quarters | — | $68.4M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $-3.9M | $20.0M | ||
| Q3 25 | $39.1M | $33.2M | ||
| Q2 25 | $21.8M | $20.3M | ||
| Q1 25 | $-9.8M | $10.1M | ||
| Q4 24 | $6.9M | $16.6M | ||
| Q3 24 | $9.3M | $28.6M | ||
| Q2 24 | $26.9M | $18.7M |
| Q1 26 | — | — | ||
| Q4 25 | $-7.1M | $14.9M | ||
| Q3 25 | $35.6M | $27.6M | ||
| Q2 25 | $20.9M | $17.6M | ||
| Q1 25 | $-10.4M | $8.4M | ||
| Q4 24 | $6.8M | $13.2M | ||
| Q3 24 | $8.9M | $27.5M | ||
| Q2 24 | $26.6M | $17.6M |
| Q1 26 | — | — | ||
| Q4 25 | -5.6% | 6.2% | ||
| Q3 25 | 19.6% | 10.7% | ||
| Q2 25 | 12.4% | 7.3% | ||
| Q1 25 | -7.9% | 3.8% | ||
| Q4 24 | 5.3% | 6.1% | ||
| Q3 24 | 6.7% | 11.4% | ||
| Q2 24 | 18.5% | 7.8% |
| Q1 26 | — | — | ||
| Q4 25 | 2.5% | 2.1% | ||
| Q3 25 | 1.9% | 2.2% | ||
| Q2 25 | 0.6% | 1.1% | ||
| Q1 25 | 0.4% | 0.8% | ||
| Q4 24 | 0.1% | 1.5% | ||
| Q3 24 | 0.3% | 0.5% | ||
| Q2 24 | 0.2% | 0.5% |
| Q1 26 | — | — | ||
| Q4 25 | -0.70× | 1.65× | ||
| Q3 25 | 1.63× | 1.36× | ||
| Q2 25 | 0.95× | 1.02× | ||
| Q1 25 | -0.52× | 0.66× | ||
| Q4 24 | 2.05× | 1.15× | ||
| Q3 24 | 0.48× | 1.33× | ||
| Q2 24 | 1.41× | 1.19× |
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% |
OSW
| Services | $197.3M | 82% |
| Products | $44.8M | 18% |
