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Vita Coco Company, Inc.（COCO）与Westrock Coffee Co（WEST）财务数据对比。点击上方公司名可切换其他公司
Westrock Coffee Co的季度营收约是Vita Coco Company, Inc.的2.7倍（$339.5M vs $127.8M）。Vita Coco Company, Inc.净利率更高（4.3% vs -6.6%，领先11.0%）。Westrock Coffee Co同比增速更快（48.3% vs 0.4%）。Westrock Coffee Co自由现金流更多（$27.8M vs $-7.1M）。过去两年Westrock Coffee Co的营收复合增速更高（32.8% vs 7.0%）
唯他可可（Vita Coco）是美国知名饮料企业，主打椰子水产品，是全球椰子水及植物基饮品赛道的头部品牌。截至2016年业务已覆盖31个国家，属于共益企业，由All Market Inc.控股。
Westrock Coffee Co是一家全球化综合咖啡及饮品解决方案供应商，业务覆盖咖啡、茶与功能性饮品的采购、烘焙、生产及分销，为北美及全球其他区域的零售、餐饮和商业客户提供定制化产品及配套服务。
COCO vs WEST — 直观对比
营收规模更大
WEST
是对方的2.7倍
$127.8M
营收增速更快
WEST
高出47.9%
0.4%
净利率更高
COCO
高出11.0%
-6.6%
自由现金流更多
WEST
多$34.9M
$-7.1M
两年增速更快
WEST
近两年复合增速
7.0%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $127.8M | $339.5M |
| 净利润 | $5.5M | $-22.6M |
| 毛利率 | 34.9% | 11.5% |
| 营业利润率 | 8.0% | -2.6% |
| 净利率 | 4.3% | -6.6% |
| 营收同比 | 0.4% | 48.3% |
| 净利润同比 | 64.0% | 8.3% |
| 每股收益（稀释后） | $0.10 | $-0.22 |
绿色 = 该指标领先。财年不对齐时期间可能不同
8季度营收与利润趋势
并排季度历史对比，按日历期对齐，财年错位的公司也能正确匹配
营收COCOWEST
| Q4 25 | $127.8M | $339.5M | ||
| Q3 25 | $182.3M | $354.8M | ||
| Q2 25 | $168.8M | $280.9M | ||
| Q1 25 | $130.9M | $213.8M | ||
| Q4 24 | $127.3M | $229.0M | ||
| Q3 24 | $132.9M | $220.9M | ||
| Q2 24 | $144.1M | $208.4M | ||
| Q1 24 | $111.7M | $192.5M |
净利润COCOWEST
| Q4 25 | $5.5M | $-22.6M | ||
| Q3 25 | $24.0M | $-19.1M | ||
| Q2 25 | $22.9M | $-21.6M | ||
| Q1 25 | $18.9M | $-27.2M | ||
| Q4 24 | $3.4M | $-24.6M | ||
| Q3 24 | $19.3M | $-14.3M | ||
| Q2 24 | $19.1M | $-17.8M | ||
| Q1 24 | $14.2M | $-23.7M |
毛利率COCOWEST
| Q4 25 | 34.9% | 11.5% | ||
| Q3 25 | 37.7% | 11.7% | ||
| Q2 25 | 36.3% | 14.7% | ||
| Q1 25 | 36.7% | 13.6% | ||
| Q4 24 | 32.5% | 16.6% | ||
| Q3 24 | 38.8% | 16.8% | ||
| Q2 24 | 40.8% | 19.9% | ||
| Q1 24 | 42.2% | 19.4% |
营业利润率COCOWEST
| Q4 25 | 8.0% | -2.6% | ||
| Q3 25 | 15.3% | -2.4% | ||
| Q2 25 | 14.9% | -5.3% | ||
| Q1 25 | 14.7% | -6.1% | ||
| Q4 24 | 3.4% | -4.3% | ||
| Q3 24 | 15.5% | -5.8% | ||
| Q2 24 | 20.8% | -7.9% | ||
| Q1 24 | 17.0% | -5.3% |
净利率COCOWEST
| Q4 25 | 4.3% | -6.6% | ||
| Q3 25 | 13.2% | -5.4% | ||
| Q2 25 | 13.6% | -7.7% | ||
| Q1 25 | 14.4% | -12.7% | ||
| Q4 24 | 2.6% | -10.7% | ||
| Q3 24 | 14.5% | -6.5% | ||
| Q2 24 | 13.2% | -8.5% | ||
| Q1 24 | 12.7% | -12.3% |
每股收益（稀释后）COCOWEST
| Q4 25 | $0.10 | $-0.22 | ||
| Q3 25 | $0.40 | $-0.20 | ||
| Q2 25 | $0.38 | $-0.23 | ||
| Q1 25 | $0.31 | $-0.29 | ||
| Q4 24 | $0.06 | $-0.26 | ||
| Q3 24 | $0.32 | $-0.16 | ||
| Q2 24 | $0.32 | $-0.20 | ||
| Q1 24 | $0.24 | $-0.27 |
资产负债表与财务实力
最新季度各公司的流动性、杠杆与账面价值一览
| 指标 | | |
|---|---|---|
| 现金及短期投资手头流动性 | $196.9M | $49.9M |
| 总债务越低越好 | — | $444.1M |
| 股东权益账面价值 | $331.5M | $-1.9M |
| 总资产 | $461.2M | $1.2B |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
现金及短期投资COCOWEST
| Q4 25 | $196.9M | $49.9M | ||
| Q3 25 | $203.7M | $34.0M | ||
| Q2 25 | $167.0M | $44.0M | ||
| Q1 25 | $153.6M | $33.1M | ||
| Q4 24 | $164.7M | $26.2M | ||
| Q3 24 | $156.7M | $22.4M | ||
| Q2 24 | $150.1M | $24.3M | ||
| Q1 24 | $123.0M | $12.6M |
总债务COCOWEST
| Q4 25 | — | $444.1M | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $393.1M | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益COCOWEST
| Q4 25 | $331.5M | $-1.9M | ||
| Q3 25 | $323.7M | $11.4M | ||
| Q2 25 | $296.9M | $18.2M | ||
| Q1 25 | $277.9M | $71.4M | ||
| Q4 24 | $258.8M | $97.5M | ||
| Q3 24 | $252.1M | $110.3M | ||
| Q2 24 | $232.0M | $81.5M | ||
| Q1 24 | $209.7M | $91.7M |
总资产COCOWEST
| Q4 25 | $461.2M | $1.2B | ||
| Q3 25 | $461.3M | $1.2B | ||
| Q2 25 | $421.1M | $1.2B | ||
| 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 24 | $289.0M | $983.3M |
负债/权益比COCOWEST
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 4.03× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
现金流与资本效率
扣除再投资后实际产生的现金。现金流比净利润更难造假
| 指标 | | |
|---|---|---|
| 经营现金流最新季度 | $-3.9M | $36.7M |
| 自由现金流经营现金流 - 资本支出 | $-7.1M | $27.8M |
| 自由现金流率自由现金流/营收 | -5.6% | 8.2% |
| 资本支出强度资本支出/营收 | 2.5% | 2.6% |
| 现金转化率经营现金流/净利润 | -0.70× | — |
| 过去12个月自由现金流最近4个季度 | $39.0M | $-107.8M |
8季度趋势，按日历期对齐
经营现金流COCOWEST
| Q4 25 | $-3.9M | $36.7M | ||
| Q3 25 | $39.1M | $-26.6M | ||
| Q2 25 | $21.8M | $-7.0M | ||
| Q1 25 | $-9.8M | $-22.1M | ||
| Q4 24 | $6.9M | $2.8M | ||
| Q3 24 | $9.3M | $-332.0K | ||
| Q2 24 | $26.9M | $-23.7M | ||
| Q1 24 | $-267.0K | $8.0M |
自由现金流COCOWEST
| Q4 25 | $-7.1M | $27.8M | ||
| Q3 25 | $35.6M | $-44.7M | ||
| Q2 25 | $20.9M | $-27.5M | ||
| Q1 25 | $-10.4M | $-63.4M | ||
| Q4 24 | $6.8M | $-15.4M | ||
| Q3 24 | $8.9M | $-36.7M | ||
| Q2 24 | $26.6M | $-59.9M | ||
| Q1 24 | $-391.0K | $-60.9M |
自由现金流率COCOWEST
| Q4 25 | -5.6% | 8.2% | ||
| Q3 25 | 19.6% | -12.6% | ||
| Q2 25 | 12.4% | -9.8% | ||
| Q1 25 | -7.9% | -29.7% | ||
| Q4 24 | 5.3% | -6.7% | ||
| Q3 24 | 6.7% | -16.6% | ||
| Q2 24 | 18.5% | -28.7% | ||
| Q1 24 | -0.4% | -31.7% |
资本支出强度COCOWEST
| Q4 25 | 2.5% | 2.6% | ||
| Q3 25 | 1.9% | 5.1% | ||
| Q2 25 | 0.6% | 7.3% | ||
| Q1 25 | 0.4% | 19.3% | ||
| Q4 24 | 0.1% | 7.9% | ||
| Q3 24 | 0.3% | 16.5% | ||
| Q2 24 | 0.2% | 17.4% | ||
| Q1 24 | 0.1% | 35.8% |
现金转化率COCOWEST
| 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× | — | ||
| Q1 24 | -0.02× | — |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
业务分部营收拆解
COCO
| Vita Coco Coconut Water | $85.3M | 67% |
| Other | $25.3M | 20% |
| Private Label | $12.5M | 10% |
WEST
| Coffee And Tea | $202.6M | 60% |
| Flavors Extracts And Ingredients | $69.6M | 21% |
| Sustainable Sourcing And Traceability Segments | $66.9M | 20% |
