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The Vita Coco Company pioneered packaged coconut water in 2004 and we have extended our business into other categories. Our mission is to deliver great tasting, natural and nutritious products that we believe are better for consumers and better for the world.
13.58% operating margin is respectable but not wide. ROIC at 20.11%. Suggests the business covers its cost of capital, but doesn't point to a wide moat.
Revenue grew 18.1%, still solid.
ROIC dropped from 25.46% to 20.11%, capital efficiency is deteriorating.
Profitability & Returns
Revenue (TTM)
$657M
▲ +18.1% YoY
Net Income (TTM)
$83M
▲ +27.5% YoY
Op. Margin
14.73%
▼ -0.8pp YoY
ROIC
21.62%
▼ -5.4pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
$65M
▼ -6.9% YoY
Op. Cash Flow (TTM)
$73M
▲ +10.0% YoY
Net Debt
-$187M
Net Cash Position
Cash & Equiv.
$202M
5Y CAGR: +14.4%
5Y CAGR: +3.5%
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