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Side-by-side financial comparison of Vita Coco Company, Inc. (COCO) and Ranpak Holdings Corp. (PACK). Click either name above to swap in a different company.
Vita Coco Company, Inc. is the larger business by last-quarter revenue ($179.8M vs $93.7M, roughly 1.9× Ranpak Holdings Corp.). On growth, Vita Coco Company, Inc. posted the faster year-over-year revenue change (37.3% vs 2.3%). Over the past eight quarters, Ranpak Holdings Corp.'s revenue compounded faster (13.7% 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.
Ranpak Holdings Corp. manufactures machines and paper products used in protective paper-based packing for shipping goods and merchandise for e-commerce and industry, along with automation solutions. The company is based in Concord, Ohio, and has production facilities and offices in Reno, Nevada; Kansas City, Missouri; the Netherlands; Czech Republic; Shanghai and Singapore. The paper packaging material can be used for multiple applications like wrapping, cushioning, void fill and cold chain p...
COCO vs PACK — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $179.8M | $93.7M |
| Net Profit | $30.5M | — |
| Gross Margin | 39.9% | 39.0% |
| Operating Margin | 18.7% | -1.0% |
| Net Margin | 17.0% | — |
| Revenue YoY | 37.3% | 2.3% |
| Net Profit YoY | 61.4% | — |
| EPS (diluted) | $0.50 | $-0.11 |
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 | $93.7M | ||
| Q3 25 | $182.3M | $83.6M | ||
| Q2 25 | $168.8M | $77.8M | ||
| Q1 25 | $130.9M | $77.6M | ||
| Q4 24 | $127.3M | $91.6M | ||
| Q3 24 | $132.9M | $78.6M | ||
| Q2 24 | $144.1M | $72.8M |
| Q1 26 | $30.5M | — | ||
| Q4 25 | $5.5M | — | ||
| Q3 25 | $24.0M | $-10.4M | ||
| Q2 25 | $22.9M | $-7.5M | ||
| Q1 25 | $18.9M | $-10.9M | ||
| Q4 24 | $3.4M | — | ||
| Q3 24 | $19.3M | $-8.1M | ||
| Q2 24 | $19.1M | $5.5M |
| Q1 26 | 39.9% | — | ||
| Q4 25 | 34.9% | 39.0% | ||
| Q3 25 | 37.7% | 41.1% | ||
| Q2 25 | 36.3% | 37.1% | ||
| Q1 25 | 36.7% | 39.8% | ||
| Q4 24 | 32.5% | 45.2% | ||
| Q3 24 | 38.8% | 43.8% | ||
| Q2 24 | 40.8% | 43.5% |
| Q1 26 | 18.7% | — | ||
| Q4 25 | 8.0% | -1.0% | ||
| Q3 25 | 15.3% | -6.8% | ||
| Q2 25 | 14.9% | -12.5% | ||
| Q1 25 | 14.7% | -10.3% | ||
| Q4 24 | 3.4% | 1.5% | ||
| Q3 24 | 15.5% | -5.3% | ||
| Q2 24 | 20.8% | -7.1% |
| Q1 26 | 17.0% | — | ||
| Q4 25 | 4.3% | — | ||
| Q3 25 | 13.2% | -12.4% | ||
| Q2 25 | 13.6% | -9.6% | ||
| Q1 25 | 14.4% | -14.0% | ||
| Q4 24 | 2.6% | — | ||
| Q3 24 | 14.5% | -10.3% | ||
| Q2 24 | 13.2% | 7.6% |
| Q1 26 | $0.50 | — | ||
| Q4 25 | $0.10 | $-0.11 | ||
| Q3 25 | $0.40 | $-0.12 | ||
| Q2 25 | $0.38 | $-0.09 | ||
| Q1 25 | $0.31 | $-0.13 | ||
| Q4 24 | $0.06 | $-0.13 | ||
| Q3 24 | $0.32 | $-0.10 | ||
| Q2 24 | $0.32 | $0.07 |
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 | $63.0M |
| Total DebtLower is stronger | — | $401.9M |
| Stockholders' EquityBook value | $352.2M | $534.9M |
| Total Assets | $488.3M | $1.1B |
| Debt / EquityLower = less leverage | — | 0.75× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $201.9M | — | ||
| Q4 25 | $196.9M | $63.0M | ||
| Q3 25 | $203.7M | $49.9M | ||
| Q2 25 | $167.0M | $49.2M | ||
| Q1 25 | $153.6M | $65.5M | ||
| Q4 24 | $164.7M | $76.1M | ||
| Q3 24 | $156.7M | $69.5M | ||
| Q2 24 | $150.1M | $65.1M |
| Q1 26 | — | — | ||
| Q4 25 | — | $401.9M | ||
| Q3 25 | — | $403.1M | ||
| Q2 25 | — | $403.1M | ||
| Q1 25 | — | $405.2M | ||
| Q4 24 | — | $406.4M | ||
| Q3 24 | — | $403.2M | ||
| Q2 24 | — | $396.1M |
| Q1 26 | $352.2M | — | ||
| Q4 25 | $331.5M | $534.9M | ||
| Q3 25 | $323.7M | $537.8M | ||
| Q2 25 | $296.9M | $539.0M | ||
| Q1 25 | $277.9M | $544.1M | ||
| Q4 24 | $258.8M | $548.1M | ||
| Q3 24 | $252.1M | $564.3M | ||
| Q2 24 | $232.0M | $566.2M |
| Q1 26 | $488.3M | — | ||
| Q4 25 | $461.2M | $1.1B | ||
| Q3 25 | $461.3M | $1.1B | ||
| Q2 25 | $421.1M | $1.1B | ||
| Q1 25 | $384.0M | $1.1B | ||
| Q4 24 | $362.4M | $1.1B | ||
| Q3 24 | $353.1M | $1.1B | ||
| Q2 24 | $323.0M | $1.1B |
| Q1 26 | — | — | ||
| Q4 25 | — | 0.75× | ||
| Q3 25 | — | 0.75× | ||
| Q2 25 | — | 0.75× | ||
| Q1 25 | — | 0.74× | ||
| Q4 24 | — | 0.74× | ||
| Q3 24 | — | 0.71× | ||
| Q2 24 | — | 0.70× |
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 | — | $19.5M |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | — | — |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $-3.9M | $19.5M | ||
| Q3 25 | $39.1M | $8.5M | ||
| Q2 25 | $21.8M | $-3.6M | ||
| Q1 25 | $-9.8M | $-1.3M | ||
| Q4 24 | $6.9M | $6.5M | ||
| Q3 24 | $9.3M | $10.1M | ||
| Q2 24 | $26.9M | $19.6M |
| 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× | — | ||
| Q3 25 | 1.63× | — | ||
| Q2 25 | 0.95× | — | ||
| Q1 25 | -0.52× | — | ||
| Q4 24 | 2.05× | — | ||
| Q3 24 | 0.48× | — | ||
| Q2 24 | 1.41× | 3.56× |
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% |
PACK
| Other | $47.9M | 51% |
| Europe And Asia Segment | $45.8M | 49% |
