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Side-by-side financial comparison of Vita Coco Company, Inc. (COCO) and PennyMac Mortgage Investment Trust (PMT). 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 $93.6M, roughly 1.9× PennyMac Mortgage Investment Trust). PennyMac Mortgage Investment Trust runs the higher net margin — 56.0% vs 17.0%, a 39.0% gap on every dollar of revenue. On growth, Vita Coco Company, Inc. posted the faster year-over-year revenue change (37.3% vs -13.3%). Over the past eight quarters, PennyMac Mortgage Investment Trust's revenue compounded faster (12.3% 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.
PennyMac Mortgage Investment Trust is a U.S.-headquartered real estate investment trust specializing in residential mortgage assets. It invests in performing and non-performing mortgage loans, mortgage-backed securities, and credit risk transfer instruments, operating across investment management and mortgage servicing segments in the U.S. housing market.
COCO vs PMT — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $179.8M | $93.6M |
| Net Profit | $30.5M | $52.4M |
| Gross Margin | 39.9% | — |
| Operating Margin | 18.7% | 38.6% |
| Net Margin | 17.0% | 56.0% |
| Revenue YoY | 37.3% | -13.3% |
| Net Profit YoY | 61.4% | 12.5% |
| EPS (diluted) | $0.50 | $0.49 |
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 | $93.6M | ||
| Q3 25 | $182.3M | $99.2M | ||
| Q2 25 | $168.8M | $70.2M | ||
| Q1 25 | $130.9M | $44.5M | ||
| Q4 24 | $127.3M | $107.9M | ||
| Q3 24 | $132.9M | $80.9M | ||
| Q2 24 | $144.1M | $71.2M |
| Q1 26 | $30.5M | — | ||
| Q4 25 | $5.5M | $52.4M | ||
| Q3 25 | $24.0M | $58.3M | ||
| Q2 25 | $22.9M | $7.5M | ||
| Q1 25 | $18.9M | $9.7M | ||
| Q4 24 | $3.4M | $46.5M | ||
| Q3 24 | $19.3M | $41.4M | ||
| Q2 24 | $19.1M | $25.4M |
| 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% | 38.6% | ||
| Q3 25 | 15.3% | 47.4% | ||
| Q2 25 | 14.9% | 24.2% | ||
| Q1 25 | 14.7% | -14.2% | ||
| Q4 24 | 3.4% | 51.1% | ||
| Q3 24 | 15.5% | 32.8% | ||
| Q2 24 | 20.8% | 40.2% |
| Q1 26 | 17.0% | — | ||
| Q4 25 | 4.3% | 56.0% | ||
| Q3 25 | 13.2% | 58.7% | ||
| Q2 25 | 13.6% | 10.7% | ||
| Q1 25 | 14.4% | 21.8% | ||
| Q4 24 | 2.6% | 43.1% | ||
| Q3 24 | 14.5% | 51.2% | ||
| Q2 24 | 13.2% | 35.7% |
| Q1 26 | $0.50 | — | ||
| Q4 25 | $0.10 | $0.49 | ||
| Q3 25 | $0.40 | $0.55 | ||
| Q2 25 | $0.38 | $-0.04 | ||
| Q1 25 | $0.31 | $-0.01 | ||
| Q4 24 | $0.06 | $0.45 | ||
| Q3 24 | $0.32 | $0.36 | ||
| Q2 24 | $0.32 | $0.17 |
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 | $190.5M |
| Total DebtLower is stronger | — | $1.1B |
| Stockholders' EquityBook value | $352.2M | $1.9B |
| Total Assets | $488.3M | $21.3B |
| Debt / EquityLower = less leverage | — | 0.58× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $201.9M | — | ||
| Q4 25 | $196.9M | $190.5M | ||
| Q3 25 | $203.7M | $181.0M | ||
| Q2 25 | $167.0M | $108.6M | ||
| Q1 25 | $153.6M | $204.2M | ||
| Q4 24 | $164.7M | $103.2M | ||
| Q3 24 | $156.7M | $102.8M | ||
| Q2 24 | $150.1M | $336.3M |
| Q1 26 | — | — | ||
| Q4 25 | — | $1.1B | ||
| Q3 25 | — | $299.0M | ||
| Q2 25 | — | $1.2B | ||
| Q1 25 | — | $968.4M | ||
| Q4 24 | — | $1.0B | ||
| Q3 24 | — | $5.2B | ||
| Q2 24 | — | $5.4B |
| Q1 26 | $352.2M | — | ||
| Q4 25 | $331.5M | $1.9B | ||
| Q3 25 | $323.7M | $1.9B | ||
| Q2 25 | $296.9M | $1.9B | ||
| Q1 25 | $277.9M | $1.9B | ||
| Q4 24 | $258.8M | $1.9B | ||
| Q3 24 | $252.1M | $1.9B | ||
| Q2 24 | $232.0M | $1.9B |
| Q1 26 | $488.3M | — | ||
| Q4 25 | $461.2M | $21.3B | ||
| Q3 25 | $461.3M | $18.5B | ||
| Q2 25 | $421.1M | $16.8B | ||
| Q1 25 | $384.0M | $14.9B | ||
| Q4 24 | $362.4M | $14.4B | ||
| Q3 24 | $353.1M | $13.1B | ||
| Q2 24 | $323.0M | $12.1B |
| Q1 26 | — | — | ||
| Q4 25 | — | 0.58× | ||
| Q3 25 | — | 0.16× | ||
| Q2 25 | — | 0.65× | ||
| Q1 25 | — | 0.51× | ||
| Q4 24 | — | 0.52× | ||
| Q3 24 | — | 2.70× | ||
| Q2 24 | — | 2.76× |
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 | — | $-7.2B |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | — | — |
| Cash ConversionOCF / Net Profit | — | -137.76× |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $-3.9M | $-7.2B | ||
| Q3 25 | $39.1M | $-1.3B | ||
| Q2 25 | $21.8M | $-2.0B | ||
| Q1 25 | $-9.8M | $-594.3M | ||
| Q4 24 | $6.9M | $-2.7B | ||
| Q3 24 | $9.3M | $-983.8M | ||
| Q2 24 | $26.9M | $243.8M |
| 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× | -137.76× | ||
| Q3 25 | 1.63× | -22.26× | ||
| Q2 25 | 0.95× | -267.53× | ||
| Q1 25 | -0.52× | -61.39× | ||
| Q4 24 | 2.05× | -58.08× | ||
| Q3 24 | 0.48× | -23.76× | ||
| Q2 24 | 1.41× | 9.59× |
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% |
PMT
| Other | $55.0M | 59% |
| Interest Rate Sensitive Strategies | $31.4M | 34% |
| Correspondent Production | $7.2M | 8% |
