vs
Side-by-side financial comparison of Vita Coco Company, Inc. (COCO) and Latham Group, Inc. (SWIM). 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 $100.0M, roughly 1.8× Latham Group, Inc.). Vita Coco Company, Inc. runs the higher net margin — 17.0% vs -7.0%, a 24.0% gap on every dollar of revenue. On growth, Vita Coco Company, Inc. posted the faster year-over-year revenue change (37.3% vs 14.5%). Over the past eight quarters, Vita Coco Company, Inc.'s revenue compounded faster (11.7% CAGR vs -4.9%).
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.
Latham & Watkins LLP is an American multinational law firm. Founded in 1934 in Los Angeles, California, it is known for its litigation, corporate, and regulatory law practices.
COCO vs SWIM — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $179.8M | $100.0M |
| Net Profit | $30.5M | $-7.0M |
| Gross Margin | 39.9% | 28.0% |
| Operating Margin | 18.7% | -10.7% |
| Net Margin | 17.0% | -7.0% |
| Revenue YoY | 37.3% | 14.5% |
| Net Profit YoY | 61.4% | 76.0% |
| EPS (diluted) | $0.50 | $-0.06 |
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 | $100.0M | ||
| Q3 25 | $182.3M | $161.9M | ||
| Q2 25 | $168.8M | $172.6M | ||
| Q1 25 | $130.9M | $111.4M | ||
| Q4 24 | $127.3M | $87.3M | ||
| Q3 24 | $132.9M | $150.5M | ||
| Q2 24 | $144.1M | $160.1M |
| Q1 26 | $30.5M | — | ||
| Q4 25 | $5.5M | $-7.0M | ||
| Q3 25 | $24.0M | $8.1M | ||
| Q2 25 | $22.9M | $16.0M | ||
| Q1 25 | $18.9M | $-6.0M | ||
| Q4 24 | $3.4M | $-29.2M | ||
| Q3 24 | $19.3M | $5.9M | ||
| Q2 24 | $19.1M | $13.3M |
| Q1 26 | 39.9% | — | ||
| Q4 25 | 34.9% | 28.0% | ||
| Q3 25 | 37.7% | 35.4% | ||
| Q2 25 | 36.3% | 37.1% | ||
| Q1 25 | 36.7% | 29.5% | ||
| Q4 24 | 32.5% | 24.6% | ||
| Q3 24 | 38.8% | 32.4% | ||
| Q2 24 | 40.8% | 33.1% |
| Q1 26 | 18.7% | — | ||
| Q4 25 | 8.0% | -10.7% | ||
| Q3 25 | 15.3% | 13.3% | ||
| Q2 25 | 14.9% | 14.3% | ||
| Q1 25 | 14.7% | -4.4% | ||
| Q4 24 | 3.4% | -14.9% | ||
| Q3 24 | 15.5% | 8.9% | ||
| Q2 24 | 20.8% | 12.5% |
| Q1 26 | 17.0% | — | ||
| Q4 25 | 4.3% | -7.0% | ||
| Q3 25 | 13.2% | 5.0% | ||
| Q2 25 | 13.6% | 9.3% | ||
| Q1 25 | 14.4% | -5.4% | ||
| Q4 24 | 2.6% | -33.4% | ||
| Q3 24 | 14.5% | 3.9% | ||
| Q2 24 | 13.2% | 8.3% |
| Q1 26 | $0.50 | — | ||
| Q4 25 | $0.10 | $-0.06 | ||
| Q3 25 | $0.40 | $0.07 | ||
| Q2 25 | $0.38 | $0.13 | ||
| Q1 25 | $0.31 | $-0.05 | ||
| Q4 24 | $0.06 | $-0.24 | ||
| Q3 24 | $0.32 | $0.05 | ||
| Q2 24 | $0.32 | $0.11 |
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 | — |
| Total DebtLower is stronger | — | $279.8M |
| Stockholders' EquityBook value | $352.2M | $405.9M |
| Total Assets | $488.3M | $823.2M |
| Debt / EquityLower = less leverage | — | 0.69× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $201.9M | — | ||
| Q4 25 | $196.9M | — | ||
| Q3 25 | $203.7M | — | ||
| Q2 25 | $167.0M | — | ||
| Q1 25 | $153.6M | — | ||
| Q4 24 | $164.7M | — | ||
| Q3 24 | $156.7M | — | ||
| Q2 24 | $150.1M | — |
| Q1 26 | — | — | ||
| Q4 25 | — | $279.8M | ||
| Q3 25 | — | $281.1M | ||
| Q2 25 | — | $281.5M | ||
| Q1 25 | — | $306.9M | ||
| Q4 24 | — | $281.5M | ||
| Q3 24 | — | $282.8M | ||
| Q2 24 | — | $282.4M |
| Q1 26 | $352.2M | — | ||
| Q4 25 | $331.5M | $405.9M | ||
| Q3 25 | $323.7M | $408.4M | ||
| Q2 25 | $296.9M | $398.4M | ||
| Q1 25 | $277.9M | $381.1M | ||
| Q4 24 | $258.8M | $387.2M | ||
| Q3 24 | $252.1M | $416.6M | ||
| Q2 24 | $232.0M | $408.1M |
| Q1 26 | $488.3M | — | ||
| Q4 25 | $461.2M | $823.2M | ||
| Q3 25 | $461.3M | $844.4M | ||
| Q2 25 | $421.1M | $822.1M | ||
| Q1 25 | $384.0M | $824.6M | ||
| Q4 24 | $362.4M | $794.2M | ||
| Q3 24 | $353.1M | $853.4M | ||
| Q2 24 | $323.0M | $830.0M |
| Q1 26 | — | — | ||
| Q4 25 | — | 0.69× | ||
| Q3 25 | — | 0.69× | ||
| Q2 25 | — | 0.71× | ||
| Q1 25 | — | 0.81× | ||
| Q4 24 | — | 0.73× | ||
| Q3 24 | — | 0.68× | ||
| Q2 24 | — | 0.69× |
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 | — | $23.3M |
| Free Cash FlowOCF − Capex | — | $14.1M |
| FCF MarginFCF / Revenue | — | 14.1% |
| Capex IntensityCapex / Revenue | — | 9.2% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $38.0M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $-3.9M | $23.3M | ||
| Q3 25 | $39.1M | $51.0M | ||
| Q2 25 | $21.8M | $36.0M | ||
| Q1 25 | $-9.8M | $-46.9M | ||
| Q4 24 | $6.9M | $6.2M | ||
| Q3 24 | $9.3M | $37.2M | ||
| Q2 24 | $26.9M | $52.4M |
| Q1 26 | — | — | ||
| Q4 25 | $-7.1M | $14.1M | ||
| Q3 25 | $35.6M | $45.2M | ||
| Q2 25 | $20.9M | $29.1M | ||
| Q1 25 | $-10.4M | $-50.3M | ||
| Q4 24 | $6.8M | $-98.0K | ||
| Q3 24 | $8.9M | $33.2M | ||
| Q2 24 | $26.6M | $47.9M |
| Q1 26 | — | — | ||
| Q4 25 | -5.6% | 14.1% | ||
| Q3 25 | 19.6% | 27.9% | ||
| Q2 25 | 12.4% | 16.8% | ||
| Q1 25 | -7.9% | -45.2% | ||
| Q4 24 | 5.3% | -0.1% | ||
| Q3 24 | 6.7% | 22.1% | ||
| Q2 24 | 18.5% | 29.9% |
| Q1 26 | — | — | ||
| Q4 25 | 2.5% | 9.2% | ||
| Q3 25 | 1.9% | 3.6% | ||
| Q2 25 | 0.6% | 4.0% | ||
| Q1 25 | 0.4% | 3.1% | ||
| Q4 24 | 0.1% | 7.2% | ||
| Q3 24 | 0.3% | 2.7% | ||
| Q2 24 | 0.2% | 2.8% |
| Q1 26 | — | — | ||
| Q4 25 | -0.70× | — | ||
| Q3 25 | 1.63× | 6.29× | ||
| Q2 25 | 0.95× | 2.25× | ||
| Q1 25 | -0.52× | — | ||
| Q4 24 | 2.05× | — | ||
| Q3 24 | 0.48× | 6.32× | ||
| Q2 24 | 1.41× | 3.95× |
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% |
SWIM
| In Ground Swimming Pools | $50.2M | 50% |
| Covers | $37.0M | 37% |
| Liners | $12.7M | 13% |
