Vita Coco
COCO · Soft Drinks & Non-alcoholic Beverages
$56.53
4.2%Monster Beverage
MNST · Soft Drinks & Non-alcoholic Beverages
$46.19
2.3%The short version
- Monster Beverage is the larger business, with $8.3B of revenue in fiscal 2025 against $610M for Vita Coco, about 14 times as much.
- Vita Coco grew revenue faster (18.2%, against 10.7%).
- Monster Beverage kept more of each dollar of sales as operating profit (29.2% operating margin, against 13.5% operating margin).
- Monster Beverage turned more of its sales into free cash flow (23.7% FCF margin, against 6.4% FCF margin).
- Vita Coco earned a higher return on the capital invested in it (55.3%, against 36.1%).
- Investors pay more for each dollar of Vita Coco’s earnings: a P/E of 28.4x against 21.4x for Monster Beverage.
| Latest fiscal year | COCO · FY25 | MNST · FY25 |
|---|---|---|
| Size | ||
| Market cap | $3.4B | $45.7B |
| Revenue | $610M | $8.3B |
| Free cash flow | $39.0M | $2.0B |
| Net income | $71.3M | $1.9B |
| Growth | ||
| Revenue growth | 18.2% | 10.7% |
| 5-year growth | 14.5% | 12.5% |
| Share count change | 1.2% | −2.8% |
| Profitability | ||
| Gross margin | 36.5% | 55.9% |
| Operating margin | 13.5% | 29.2% |
| Net margin | 11.7% | 23.0% |
| FCF margin | 6.4% | 23.7% |
| Return on capital | 55.3% | 36.1% |
| Return on equity | 24.2% | 26.8% |
| Balance sheet | ||
| Net debt | −$197M | −$2.8B |
| Net debt / EBITDA | −2.4x | −1.1x |
| Dividends and buybacks | $11.3M | $104M |
| Valuation & quality | ||
| P/E | 28.4x | 21.4x |
| Piotroski F-score | 5 | 9 |
FY16
COCO —
MNST $3.0B
FY17
COCO —
MNST $3.4B
FY18
COCO —
MNST $3.8B
FY19
COCO $284M
MNST $4.2B
FY20
COCO $311M
MNST $4.6B
FY21
COCO $380M
MNST $5.5B
FY22
COCO $428M
MNST $6.3B
FY23
COCO $494M
MNST $7.1B
FY24
COCO $516M
MNST $7.5B
FY25
COCO $610M
MNST $8.3B
COCO
MNST
FY16
COCO —
MNST 35.6%
FY17
COCO —
MNST 35.6%
FY18
COCO —
MNST 33.7%
FY19
COCO 4.7%
MNST 33.4%
FY20
COCO 15.1%
MNST 35.5%
FY21
COCO 6.5%
MNST 32.4%
FY22
COCO 0.7%
MNST 25.1%
FY23
COCO 11.4%
MNST 27.4%
FY24
COCO 14.3%
MNST 25.8%
FY25
COCO 13.5%
MNST 29.2%
COCO
MNST
FY16
COCO —
MNST $602M
FY17
COCO —
MNST $904M
FY18
COCO —
MNST $1.1B
FY19
COCO $20.8M
MNST $1.0B
FY20
COCO $32.9M
MNST $1.3B
FY21
COCO −$16.7M
MNST $1.1B
FY22
COCO −$11.9M
MNST $699M
FY23
COCO $107M
MNST $1.5B
FY24
COCO $41.9M
MNST $1.7B
FY25
COCO $39.0M
MNST $2.0B
COCO
MNST
FY16
COCO —
MNST 31.0%
FY17
COCO —
MNST 30.2%
FY18
COCO —
MNST 36.9%
FY19
COCO —
MNST 40.0%
FY20
COCO —
MNST 47.7%
FY21
COCO 30.9%
MNST 41.7%
FY22
COCO 2.0%
MNST 30.6%
FY23
COCO 47.5%
MNST 33.0%
FY24
COCO 71.1%
MNST 29.9%
FY25
COCO 55.3%
MNST 36.1%
COCO
MNST
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Each company's latest fiscal year; fiscal years end in different months. The best value in each row is highlighted where higher (or lower) is clearly better. Not investment advice.