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CODI

Compass Diversified

CODI

Compass Diversified • NYSE
$7.36 ▲ 6.51% (+0.45)
Market Cap $553.74 M
52w High $24.32
52w Low $5.30
Dividend Yield 0.50%
P/E -5.89
Volume 1.70M
Outstanding Shares 75.24M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q4-2024 $548.725M ▼ $166.256M ▼ $11.921M ▼ 2.172% ▼ $-0.13 ▼ $90.528M ▼
Q3-2024 $582.623M ▲ $204.31M ▲ $22.064M ▲ 3.787% ▲ $0.078 ▲ $106.737M ▲
Q2-2024 $542.595M ▲ $197.771M ▼ $-19.529M ▼ -3.599% ▼ $-0.45 ▲ $73.353M ▼
Q1-2024 $524.29M ▲ $203.251M ▲ $-1.648M ▼ -0.314% ▼ $-0.89 ▼ $74.73M ▲
Q4-2023 $473.13M $121.459M $137.437M 29.048% $1.85 $20.007M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q4-2024 $59.727M ▼ $4.052B ▲ $2.489B ▲ $1.297B ▲
Q3-2024 $71.948M ▲ $3.961B ▲ $2.46B ▲ $1.237B ▲
Q2-2024 $68.37M ▲ $3.858B ▼ $2.389B ▲ $1.217B ▼
Q1-2024 $64.715M ▼ $3.865B ▲ $2.371B ▲ $1.251B ▼
Q4-2023 $450.477M $3.817B $2.298B $1.327B

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q4-2024 $0 ▼ $9.974M ▲ $-70.2M ▼ $49.732M ▲ $-12.22M ▼ $-12.22M ▲
Q3-2024 $31.461M ▲ $-29.227M ▲ $-16.177M ▼ $47.516M ▲ $3.578M ▼ $-44.815M ▲
Q2-2024 $-13.723M ▼ $-35.182M ▼ $46.062M ▲ $-7.196M ▼ $3.655M ▲ $-46.354M ▼
Q1-2024 $2.436M ▲ $-13.201M ▼ $-382.478M ▼ $10.905M ▲ $-385.763M ▼ $-20.948M ▼
Q4-2023 $-59.596M $21.128M $466.212M $-102.236M $385.74M $9M

Revenue by Products

Product Q1-2024Q2-2024Q3-2024Q4-2024
511 Tactical
511 Tactical
 $120.00M ▲$120.00M ▲$140.00M ▲$140.00M ▲
Altor
Altor
 $50.00M ▲$50.00M ▲$50.00M ▲$80.00M ▲
Arnold
Arnold
 $40.00M ▲$40.00M ▲$50.00M ▲$40.00M ▼
BOA
BOA
 $40.00M ▲$50.00M ▲$50.00M ▲$50.00M ▲
Lugano
Lugano
 $100.00M ▲$100.00M ▲$120.00M ▲$150.00M ▲
Primaloft
Primaloft
 $20.00M ▲$30.00M ▲$10.00M ▼$10.00M ▲
Sterno Products
Sterno Products
 $60.00M ▲$70.00M ▲$90.00M ▲$90.00M ▲
The Honey Pot
The Honey Pot
 $520.00M ▲$1.08Bn ▲$1.66Bn ▲$30.00M ▼
Velocity Outdoor
Velocity Outdoor
 $30.00M ▲$20.00M ▼$30.00M ▲$20.00M ▼
Ergo
Ergo
 $20.00M ▲$30.00M ▲$20.00M ▼$0 ▼

Five-Year Company Overview

Income Statement

Income Statement Revenue has grown steadily over the past several years, and profit margins at the operating level have generally improved. That suggests the core businesses are scaling and becoming more efficient. However, net income has been very uneven, with one standout year followed by a sharp drop, and prior years that included losses. This pattern points to a mix of one‑time gains or losses, acquisition and financing impacts, and possibly restructuring or write‑downs. In plain terms: the top line and operating engine look healthier over time, but the bottom line is choppy and not yet consistently strong.

Balance Sheet

Balance Sheet The company has expanded its asset base over time, reflecting acquisitions and investment in its various subsidiaries. Equity has inched up, which is a modest positive for long‑term stability. On the other hand, debt is heavy relative to equity, and cash on hand most recently is quite thin. This means the business is meaningfully leveraged and depends on continued access to financing and cash generation from its holdings. The balance sheet supports growth but leaves less room for error if several subsidiaries underperform at once.

Cash Flow

Cash Flow Cash generation has been inconsistent. Some years show solid cash coming in from operations, while others show cash going out. Free cash flow swings between mildly positive and clearly negative, even though spending on investments like equipment is not very aggressive. This suggests that working capital needs, acquisition activity, and possibly seasonal or cyclical factors are pulling cash in and out. In simple terms, profits on paper do not reliably turn into spare cash, which increases the importance of careful liquidity and debt management.

Competitive Edge

Competitive Edge Compass Diversified’s main advantage is its permanent capital model combined with a portfolio of niche, often premium brands. It can own businesses for the long haul, give management teams patient capital, and avoid the forced exit timelines that typical private equity funds face. Many subsidiaries have strong positions in specialized markets—performance fit systems, high‑end insulation, tactical gear, advanced magnets, and plant‑based feminine care. This provides diversification across industries and end markets. The flip side is complexity and uneven performance: the recent bankruptcy of Lugano shows that problems at individual subsidiaries can still create noise and risk at the holding‑company level.

Innovation and R&D

Innovation and R&D Innovation is a clear bright spot, but it is decentralized. Each operating company runs its own product development and invests in technology suited to its niche. BOA is pushing performance fit systems in sports and workwear; PrimaLoft is advancing high‑performance and sustainable insulation; Arnold is working on critical magnet technologies for aerospace, defense, and energy; 5.11 continually updates gear based on feedback from professionals; and The Honey Pot is innovating in cleaner, more holistic feminine care. There are also tangible expansion moves, like new manufacturing capacity in Asia and new product platforms scheduled over the next few years. While specific R&D spending levels are not disclosed here, the pipeline of new products and technologies appears active and strategically focused.

Summary

Overall, Compass Diversified shows a business that has grown revenue and strengthened its operating base but still faces volatility in net income and cash flow. The balance sheet supports growth but is meaningfully leveraged, with limited cash cushioning, which heightens the importance of steady performance from its key holdings. Its permanent capital structure, combined with a set of innovative, niche leaders, gives it a differentiated position versus traditional private equity or single‑line industrial companies. At the same time, the bankruptcy of a subsidiary is a reminder that diversification does not eliminate company‑specific risk. Going forward, the most important watchpoints are: consistency of cash generation, progress on managing leverage, the health and growth of core brands like BOA, PrimaLoft, 5.11, Arnold, and The Honey Pot, and how effectively management navigates setbacks in parts of the portfolio while continuing to back innovation in others.

NEWS

November 26, 2025 · 4:58 PM UTC

Compass Diversified Announces Conference Call to Discuss the Restatement of Financial Results

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November 16, 2025 · 10:56 PM UTC

Compass Diversified Announces Update on Lugano Subsidiary

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November 3, 2025 · 4:10 PM UTC

Compass Diversified Announces Extension of Credit Agreement Forbearance

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October 29, 2025 · 8:10 AM UTC

COMPASS INVESTIGATION REMINDER: Bragar Eagel & Squire, P.C. Reminds Long-term Stockholders of Compass Diversified to Inquire About Their Rights

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October 2, 2025 · 4:10 PM UTC

Compass Diversified Declares Third Quarter 2025 Distributions on Series A, B and C Preferred Shares

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