Latest Ratios: P/E Ratio 56.1x · EV/EBITDA 43.3x · ROE 24.2%. (2019–2025 historical series)
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| Market Cap | $3.8B | $3.2B | $2.2B | $1.5B | $776M | $621M | — | — |
| Enterprise Value | $3.6B | $3.0B | $2.0B | $1.4B | $759M | $592M | — | — |
| P/E Ratio → | 56.12 | 44.55 | 39.27 | 32.47 | 98.71 | 32.85 | — | — |
| P/S Ratio | 6.25 | 5.21 | 4.24 | 3.05 | 1.81 | 1.64 | — | — |
| P/B Ratio | 12.08 | 9.59 | 8.45 | 7.44 | 5.50 | 5.04 | — | — |
| P/FCF | 97.73 | 81.46 | 52.20 | 14.14 | — | — | — | — |
| P/OCF | 80.85 | 67.39 | 51.01 | 14.06 | — | — | — | — |
P/E links to full P/E history page with 30-year chart
Enterprise-value multiples — capital-structure-neutral measures of total business value
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 4.91 | 3.92 | 2.79 | 1.77 | 1.56 | — | — |
| EV / EBITDA | 43.35 | 35.77 | 27.14 | 24.07 | 153.11 | 22.21 | — | — |
| EV / EBIT | 43.91 | 36.23 | 28.59 | 23.74 | 73.05 | 24.07 | — | — |
| EV / FCF | — | 76.75 | 48.28 | 12.91 | — | — | — | — |
Margins and return-on-capital ratios measuring operating efficiency
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 36.3% | 36.3% | 38.5% | 36.5% | 24.2% | 29.8% | 33.8% | 32.7% |
| Operating Margin | 13.6% | 13.6% | 14.3% | 11.4% | 0.7% | 6.5% | 15.1% | 4.7% |
| Net Profit Margin | 11.7% | 11.7% | 10.8% | 9.4% | 1.8% | 5.0% | 10.5% | 3.3% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| ROE | 24.2% | 24.2% | 24.3% | 27.1% | 5.9% | 16.9% | 37.1% | 12.8% |
| ROA | 17.3% | 17.3% | 17.3% | 19.2% | 3.9% | 10.0% | 19.8% | 6.4% |
| ROIC | 51.2% | 51.2% | 66.8% | 43.4% | 2.1% | 24.6% | 64.4% | 18.6% |
| ROCE | 27.4% | 27.4% | 31.9% | 32.4% | 2.3% | 19.5% | 40.4% | 12.9% |
Solvency and debt-coverage ratios — lower is generally safer
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.04 | 0.04 | 0.00 | 0.01 | 0.02 | 0.00 | 0.24 | 0.23 |
| Debt / EBITDA | 0.16 | 0.16 | 0.01 | 0.02 | 0.57 | 0.00 | 0.51 | 1.10 |
| Net Debt / Equity | — | -0.55 | -0.63 | -0.65 | -0.12 | -0.23 | -0.46 | -0.27 |
| Net Debt / EBITDA | -2.19 | -2.19 | -2.20 | -2.30 | -3.39 | -1.07 | -0.96 | -1.28 |
| Debt / FCF | — | -4.71 | -3.92 | -1.23 | — | — | -1.43 | -0.95 |
| Interest Coverage | — | — | — | 1869.39 | 40.26 | 68.30 | 38.50 | 12.10 |
Net cash position: cash ($197M) exceeds total debt ($13M)
Short-term solvency ratios and asset-utilisation metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| Current Ratio | 3.62 | 3.62 | 3.30 | 3.18 | 3.22 | 2.34 | 2.86 | 2.68 |
| Quick Ratio | 2.66 | 2.66 | 2.50 | 2.57 | 1.64 | 1.32 | 2.26 | 1.78 |
| Cash Ratio | 1.69 | 1.69 | 1.59 | 1.60 | 0.36 | 0.39 | 1.30 | 0.87 |
| Asset Turnover | — | 1.32 | 1.42 | 1.73 | 2.14 | 1.92 | 1.69 | 1.94 |
| Inventory Turnover | 3.48 | 3.48 | 3.79 | 6.18 | 3.79 | 3.53 | 6.21 | 5.03 |
| Days Sales Outstanding | — | 48.79 | 57.14 | 49.06 | 49.11 | 54.42 | 38.34 | 40.41 |
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| Dividend Yield | — | — | — | — | — | — | — | — |
| Payout Ratio | — | — | — | — | — | — | — | — |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 1.8% | 2.2% | 2.5% | 3.1% | 1.0% | 3.0% | — | — |
| FCF Yield | 1.0% | 1.2% | 1.9% | 7.1% | — | — | — | — |
| Buyback Yield | 0.3% | 0.4% | 0.5% | 0.1% | 0.0% | 8.1% | — | — |
| Total Shareholder Yield | 0.3% | 0.4% | 0.5% | 0.1% | 0.0% | 8.1% | — | — |
| Shares Outstanding | — | $60M | $59M | $59M | $56M | $56M | $55M | $55M |
Global logistics cost volatility
According to recent market data, COCO trades at a forward P/E of 42.54, which suggests that investors are pricing in significant long-term earnings expansion relative to traditional beverage peers, despite the inherent volatility associated with its import-heavy, asset-light business model and reliance on global shipping lanes.
The current P/S ratio of 6.90 indicates a valuation premium that likely assumes sustained double-digit revenue growth and continued margin expansion. Investors should monitor whether this multiple is sustainable if the company's growth rate moderates or if the current reliance on ocean freight costs creates unexpected earnings pressure.
Based on reported figures, the company's ROIC reached 16.2% in 2026Q1, demonstrating a strong ability to generate returns on invested capital that significantly exceed the firm's cost of capital, largely due to the minimal capital expenditure requirements inherent in its outsourced manufacturing and distribution strategy.
The trend in ROIC, which recovered from a 3.4% low in 2024Q4 to 16.2% in 2026Q1, highlights the sensitivity of returns to gross margin fluctuations. This volatility suggests that while the business model is inherently efficient, its ability to compound capital is heavily dependent on maintaining favorable landed costs for its primary product.
As reported in financial statements, the cash conversion cycle remains elevated at 112 days in 2026Q1, primarily driven by a lengthy inventory period of 82 days, which reflects the logistical reality of maintaining significant stock in transit across global supply chains to ensure consistent retail shelf availability.
The high DIO relative to peers suggests that the company must carry substantial inventory to mitigate the risk of supply chain disruptions. While this ensures product availability, it also ties up significant working capital, which may explain the observed volatility in operating cash flow relative to net income.
The P/E ratio is frequently misapplied to this business model because it fails to account for the significant non-cash working capital swings and the impact of ocean freight volatility on short-term earnings, which can mask the underlying cash-generating potential of the company's core branded hydration platform.
Investors should instead focus on EV/EBITDA or free cash flow yield, as these metrics better capture the company's operational performance by stripping out the noise of inventory-related cash timing. Relying solely on P/E may lead to an incomplete assessment of the company's true earnings power during periods of logistical disruption.
Includes 30+ ratios · 7 years · Updated daily
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Quick answers to the most common questions about buying COCO stock.
The Vita Coco Company, Inc.'s current P/E ratio is 56.1x. The historical average is 49.6x. This places it at the 80th percentile of its historical range.
The Vita Coco Company, Inc.'s current EV/EBITDA is 43.3x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 27.3x.
The Vita Coco Company, Inc.'s return on equity (ROE) is 24.2%. This is above the typical threshold of 15-20% considered good for most companies. The historical average is 21.2%.
Based on historical data, The Vita Coco Company, Inc. is trading at a P/E of 56.1x. This is at the 80th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
The Vita Coco Company, Inc. has 36.3% gross margin and 13.6% operating margin. Operating margin between 10-20% is typical for established companies.
The Vita Coco Company, Inc.'s Debt/EBITDA ratio is 0.2x, indicating low leverage. A ratio below 2x is generally considered financially healthy.