What is Compass Diversified's operating income?

Compass Diversified's total operating income in 2025 was $11.11 million, based on the following breakdown: Total Gross Profit: $814.39 million Total Operating Expenses: $803.28 million

Compass Diversified (CODI) Financials

$11.79 +0.23 (+1.99%)

As of 03:16 PM Eastern

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Annual Income Statements for Compass Diversified

This table shows Compass Diversified's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Net Income / (Loss) Attributable to Common Shareholders	144	55	28	-5.70	302	23	115	-59	109	-209	-226
Consolidated Net Income / (Loss)	166	57	34	-1.79	307	27	127	-108	33	-323	-294
Net Income / (Loss) Continuing Operations	8.99	54	14	-19	-70	14	11	-143	-275	-328	-297
Total Pre-Tax Income	24	63	-9.63	-8.41	-60	27	27	-114	-266	-309	-298
Total Operating Income	50	19	25	57	26	78	123	44	-69	-15	11
Total Gross Profit	241	327	361	470	457	534	662	649	675	750	814
Total Revenue	728	978	1,003	1,357	1,263	1,448	1,724	1,757	1,690	1,788	1,874
Operating Revenue	728	978	1,003	1,357	1,263	1,448	1,724	1,757	1,690	1,788	1,874
Total Cost of Revenue	487	652	641	887	806	914	1,062	1,107	1,015	1,038	1,059
Operating Cost of Revenue	487	652	641	887	806	914	1,062	1,107	1,015	1,038	1,059
Total Operating Expenses	191	308	337	413	431	456	538	605	744	790	803
Selling, General & Admin Expense	136	218	262	320	308	360	418	442	502	588	661
Amortization Expense	29	35	35	50	54	62	74	73	84	95	93
Other Operating Expenses / (Income)	26	29	32	43	36	34	46	62	68	75	18
Impairment Charge	0.00	16	8.86	0.00	33	0.00	0.00	29	91	8.18	32
Total Other Income / (Expense), net	-26	44	-34	-65	-86	-51	-96	-158	-197	-270	-309
Interest Expense	-	-	0.00	0.74	12	0.00	33	0.53	0.00	0.00	2.83
Interest & Investment Income	-21	50	-33	-55	-68	-46	-59	-85	-110	-123	-287
Other Income / (Expense), net	-4.54	-5.68	-1.26	-9.05	-5.36	-5.07	-4.28	-73	-87	-147	-19
Income Tax Expense	15	9.47	-24	10	9.91	14	15	29	8.20	19	-0.95
Net Income / (Loss) Discontinued Operations	6.98	0.47	19	16	46	14	43	26	24	-6.91	2.91
Net Income / (Loss) Attributable to Noncontrolling Interest	3.93	-0.12	-2.62	-1.31	4.62	4.42	5.32	1.26	-0.30	-2.88	-67
Weighted Average Basic Shares Outstanding	54.30M	54.59M	59.90M	59.90M	59.90M	63.15M	65.36M	72.20M	75.27M	75.24M	75.24M
Diluted Earnings per Share	$2.61	$0.51	($0.44)	($0.42)	$3.64	($0.34)	$0.73	($1.37)	$0.70	($3.83)	($3.59)
Weighted Average Diluted Shares Outstanding	54.30M	54.59M	59.90M	59.90M	59.90M	63.15M	65.36M	70.72M	72.11M	75.45M	75.24M
Weighted Average Basic & Diluted Shares Outstanding	54.30M	54.59M	59.90M	59.90M	59.90M	63.15M	65.36M	72.20M	75.27M	75.24M	75.24M
Cash Dividends to Common per Share	$1.44	$1.44	$1.44	$1.44	$1.44	$1.44	$2.21	$1.00	$1.00	$1.00	$0.50

This table shows Compass Diversified's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026
Period end date	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026	6/30/2026
Net Income / (Loss) Attributable to Common Shareholders	137	-56	-73	-36	12	-30	-51	-74	-71	-31	81
Consolidated Net Income / (Loss)	139	-85	-103	-66	24	-50	-78	-87	-79	-31	83
Net Income / (Loss) Continuing Operations	-43	-89	-104	-64	22	-50	-81	-87	-79	-31	82
Total Pre-Tax Income	-35	-86	-88	-62	30	-47	-61	-81	-106	-24	127
Total Operating Income	-8.79	-12	7.48	8.32	60	3.44	-27	-11	46	-1.93	29
Total Gross Profit	186	175	188	197	225	196	209	208	202	189	200
Total Revenue	473	411	427	457	549	454	479	473	469	427	424
Operating Revenue	473	411	427	457	549	454	479	473	469	427	424
Total Cost of Revenue	287	236	239	260	324	258	270	265	266	237	224
Operating Cost of Revenue	287	236	239	260	324	258	270	265	266	237	224
Total Operating Expenses	195	187	181	188	189	193	236	219	156	191	171
Selling, General & Admin Expense	105	138	138	146	127	150	162	179	169	132	134
Amortization Expense	16	23	24	24	19	23	23	23	23	23	23
Other Operating Expenses / (Income)	16	18	19	19	19	19	19	16	-36	16	14
Impairment Charge	57	8.18	0.00	0.00	-	0.00	32	0.00	-	21	0.00
Total Other Income / (Expense), net	-26	-74	-96	-70	-5.16	-51	-33	-70	-152	-22	98
Interest & Investment Income	-25	-25	-30	-32	-29	-36	-34	-67	-150	-27	-24
Other Income / (Expense), net	-1.33	-48	-66	-38	24	-15	0.74	-3.17	-1.48	5.66	122
Income Tax Expense	7.56	3.11	16	2.77	8.05	2.54	17	5.76	-27	7.06	45
Other Adjustments to Consolidated Net Income / (Loss)	180	3.35	0.87	0.00	8.61	0.04	2.81	-0.52	-	0.16	1.48
Other Adjustments to Net Income / (Loss) Attributable to Common Shareholders)	3.03	-29	-	-	15	-20	-27	-13	-	0.09	2.27
Weighted Average Basic Shares Outstanding	75.27M	75.27M	75.39M	75.65M	75.24M	75.24M	75.24M	75.24M	75.24M	75.24M	75.24M
Diluted Earnings per Share	$1.85	($1.52)	($1.12)	($0.62)	$0.08	($0.59)	($0.88)	($1.21)	($0.91)	($0.62)	$0.86
Weighted Average Diluted Shares Outstanding	72.11M	75.27M	75.39M	75.65M	75.45M	75.24M	75.24M	75.24M	75.24M	75.24M	75.24M
Weighted Average Basic & Diluted Shares Outstanding	75.27M	75.27M	75.39M	75.65M	75.24M	75.24M	75.24M	75.24M	75.24M	75.24M	75.24M
Cash Dividends to Common per Share	$0.25	$0.25	$0.25	$0.25	$0.25	$0.25	$0.25	$0.00	-	$0.00	$0.00

This table details how cash moves in and out of Compass Diversified's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Net Change in Cash & Equivalents	62	-46	4.21	10	48	-30	90	-99	389	-391	8.36
Net Cash From Operating Activities	85	111	82	114	85	149	134	-47	17	-151	-6.83
Net Cash From Continuing Operating Activities	69	108	47	72	57	131	95	-70	-46	-156	-6.83
Net Income / (Loss) Continuing Operations	8.99	54	14	-19	-70	14	11	-143	-275	-335	-297
Consolidated Net Income / (Loss)	166	57	34	-1.79	307	27	127	-108	33	-323	-294
Net Income / (Loss) Discontinued Operations	157	2.78	20	17	377	14	43	26	24	12	2.91
Depreciation Expense	21	27	22	31	30	33	35	39	46	44	45
Amortization Expense	35	62	65	64	57	70	79	77	88	104	97
Non-Cash Adjustments To Reconcile Net Income	-1.41	-44	23	7.73	56	14	-24	36	-178	45	205
Changes in Operating Assets and Liabilities, net	5.46	8.97	-78	-12	-16	0.32	-80	-88	-10	-22	-58
Net Cash From Discontinued Operating Activities	16	3.69	35	43	27	17	39	23	63	4.99	0.00
Net Cash From Investing Activities	234	-363	-77	-604	743	-701	-317	-627	571	-422	-43
Net Cash From Continuing Investing Activities	237	-372	-65	-538	472	-699	-290	-621	444	-504	-43
Purchase of Property, Plant & Equipment	-16	-24	-38	-41	-27	-29	-33	-60	-55	-57	-44
Acquisitions	-130	-536	-159	-495	0.00	-667	-357	-569	0.00	-518	0.50
Divestitures	386	11	0.34	0.09	503	0.10	101	9.39	500	75	3.65
Other Investing Activities, net	-0.10	181	136	-0.13	1.72	-3.01	-1.13	-1.10	-1.74	-4.30	-2.45
Net Cash From Discontinued Investing Activities	-3.57	9.19	-13	-66	271	-1.42	-27	-5.80	127	82	0.00
Net Cash From Financing Activities	-254	209	-2.59	500	-780	522	273	575	-199	184	55
Net Cash From Continuing Financing Activities	-254	209	-2.59	500	-780	522	205	522	-260	184	55
Repayment of Debt	-370	-431	-233	-1,201	-836	-261	-1,514	-123	-525	-485	-276
Repurchase of Common Equity	-	-	-	-	-	-	0.00	0.00	-9.34	-9.57	0.00
Payment of Dividends	-96	-126	-128	-98	-162	-135	-210	-106	-134	-150	-75
Issuance of Debt	197	671	261	1,709	108	767	1,857	668	360	739	361
Issuance of Preferred Equity	0.00	0.00	96	97	111	-	-	0.00	0.00	115	59
Issuance of Common Equity	15	108	0.82	0.40	0.04	84	123	85	90	50	2.25
Other Financing Activities, net	0.00	1.16	0.42	-	-1.01	66	-	-	-	-75	-16
Effect of Exchange Rate Changes	-1.91	-3.17	-	-	-	-	-	-	-	-1.28	2.71
Other Net Changes in Cash	-	-	2.30	0.00	-	-	14	7.17	9.29	3.80	0.00

This table details how cash moves in and out of Compass Diversified's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026
Period end date	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026	6/30/2026
Net Change in Cash & Equivalents	386	-386	3.66	3.58	-12	87	-72	-13	6.88	-2.83	22
Net Cash From Operating Activities	21	-25	-35	-29	9.97	-29	-35	11	47	24	30
Net Cash From Continuing Operating Activities	6.92	-28	-35	-29	4.98	-29	-35	11	47	24	30
Net Income / (Loss) Continuing Operations	-43	-89	-14	31	15	-50	-81	-87	-79	-31	82
Consolidated Net Income / (Loss)	139	-85	-14	31	24	-50	-78	-87	-79	-31	83
Net Income / (Loss) Discontinued Operations	182	3.66	-	-	8.61	0.04	2.81	-0.52	0.58	0.16	1.48
Depreciation Expense	11	11	11	10	12	12	11	11	11	12	10
Amortization Expense	17	27	30	28	22	24	24	24	25	25	25
Non-Cash Adjustments To Reconcile Net Income	60	12	-25	53	17	3.07	38	29	135	14	-120
Changes in Operating Assets and Liabilities, net	-38	12	-86	-102	-54	-19	-28	33	-44	4.18	33
Net Cash From Investing Activities	466	-382	46	-16	-70	-13	-9.27	-11	-9.53	6.23	283
Net Cash From Continuing Investing Activities	379	-382	46	-16	-152	-13	-9.27	-11	-9.53	6.23	283
Purchase of Property, Plant & Equipment	-16	-7.73	-11	-16	-22	-13	-11	-10	-10	-5.11	-6.24
Divestitures	395	3.35	61	0.39	9.50	0.04	2.81	-0.52	1.33	0.16	290
Other Investing Activities, net	-0.09	1.51	-3.91	-0.45	-1.39	-0.36	-1.19	-0.18	-0.72	11	-0.90
Net Cash From Financing Activities	-102	23	-7.54	48	50	128	-30	-12	-31	-33	-290
Net Cash From Continuing Financing Activities	-102	23	-7.54	48	50	128	-30	-12	-31	-33	-290
Repayment of Debt	-188	-57	-132	-59	-239	-165	-27	-26	-57	-43	-323
Repurchase of Preferred Equity	-40	-2.51	-0.35	-1.47	-	-4.67	-1.80	-0.78	-	-9.46	-0.44
Payment of Dividends	-62	-25	-25	-74	-26	-27	-29	-9.72	-9.71	-9.71	-9.72
Issuance of Debt	73	100	137	112	236	250	24	25	63	24	43
Issuance of Common Equity	90	1.22	3.28	3.60	42	1.33	0.37	0.27	0.21	4.88	0.27
Other Net Changes in Cash	3.65	-0.99	-0.03	-	-	0.61	1.81	-0.07	-2.34	-0.16	-0.69

This table presents Compass Diversified's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Total Assets	1,421	1,777	1,820	2,372	1,892	2,599	3,144	3,493	3,325	3,297	3,039
Total Current Assets	291	453	527	681	644	708	1,061	1,015	1,269	965	845
Cash & Equivalents	85	40	40	49	100	60	161	53	447	60	68
Note & Lease Receivable	-	-	-	-	-	-	-	-	-	0.00	71
Accounts Receivable	106	181	215	206	191	207	278	204	185	207	224
Inventories, net	60	213	247	307	317	351	566	561	523	571	404
Prepaid Expenses	22	19	25	30	35	40	57	53	78	127	78
Plant, Property, & Equipment, net	116	142	173	147	146	154	186	183	191	245	210
Total Noncurrent Assets	1,014	1,182	1,120	1,545	1,101	1,736	1,897	2,295	1,865	2,088	1,984
Noncurrent Note & Lease Receivables	-	-	-	-	-	-	-	-	-	0.00	26
Goodwill	391	492	532	471	439	667	882	864	774	896	895
Intangible Assets	351	539	581	616	562	834	873	891	808	983	893
Other Noncurrent Operating Assets	9.82	9.35	8.20	8.38	101	97	142	162	195	209	170
Total Liabilities & Shareholders' Equity	1,421	1,777	1,820	2,372	1,892	2,599	3,144	3,493	3,325	3,297	3,039
Total Liabilities	548	883	894	1,453	726	1,378	1,860	2,564	2,469	2,767	2,466
Total Current Liabilities	116	203	212	259	209	295	362	457	2,161	2,433	350
Short-Term Debt	3.25	5.69	5.69	5.00	0.00	-	0.00	10	1,672	1,774	38
Accounts Payable	52	82	92	88	78	102	136	77	91	103	96
Accrued Expenses	44	91	107	107	109	134	179	233	238	318	163
Other Current Liabilities	9.00	23	7.30	6.91	23	26	34	98	152	237	53
Total Noncurrent Liabilities	431	680	682	1,194	517	1,084	1,498	2,107	308	333	2,116
Long-Term Debt	309	552	584	1,099	394	899	1,285	1,824	0.00	0.00	1,840
Noncurrent Deferred & Payable Income Tax Liabilities	104	111	81	34	33	68	98	119	103	108	104
Other Noncurrent Operating Liabilities	19	18	17	13	89	105	116	139	203	225	172
Total Equity & Noncontrolling Interests	873	895	926	919	1,166	1,220	1,285	929	856	531	574
Total Preferred & Common Equity	826	856	873	859	1,115	1,100	1,112	878	930	679	442
Preferred Stock	-	-	96	193	304	304	304	304	304	419	478
Total Common Equity	827	856	777	666	811	796	808	574	626	260	-36
Common Stock	825	925	925	925	925	1,009	1,123	1,207	1,281	1,289	1,289
Retained Earnings	11	-59	-145	-249	-109	-211	-314	-632	-646	-1,005	-1,307
Treasury Stock	-	-	-	-	-	-	-	0.00	-9.34	-19	-19
Accumulated Other Comprehensive Income / (Loss)	-9.80	-9.52	-2.57	-8.78	-3.93	-1.46	-1.03	-1.14	0.00	-5.34	0.74
Noncontrolling Interest	46	38	53	60	51	120	173	51	-73	-148	132

This table presents Compass Diversified's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q1 2023	Q2 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024	Q1 2025	Q2 2025	Q3 2025	Q1 2026	Q2 2026
Period end date	3/31/2023	6/30/2023	9/30/2023	3/31/2024	6/30/2024	9/30/2024	3/31/2025	6/30/2025	9/30/2025	3/31/2026	6/30/2026
Total Assets	3,758	3,796	3,811	3,865	3,858	3,961	3,367	3,275	3,247	2,964	2,752
Total Current Assets	1,209	1,247	1,315	1,319	1,397	1,525	1,065	1,030	1,011	904	732
Cash & Equivalents	54	67	65	65	68	72	146	74	61	61	87
Note & Lease Receivable	-	-	-	-	-	-	-	-	-	71	19
Accounts Receivable	327	296	350	338	359	413	196	216	225	202	193
Inventories, net	764	788	802	789	844	939	599	605	602	375	376
Prepaid Expenses	64	95	99	127	126	101	124	134	123	64	57
Plant, Property, & Equipment, net	203	205	204	192	181	187	246	217	214	191	187
Total Noncurrent Assets	2,347	2,344	2,292	2,355	2,281	2,250	2,056	2,028	2,022	1,869	1,833
Noncurrent Note & Lease Receivables	-	-	-	-	-	-	-	-	-	26	20
Goodwill	1,067	1,073	1,041	1,023	1,004	1,004	895	895	895	831	831
Intangible Assets	1,102	1,096	1,070	1,145	1,089	1,062	961	939	916	840	817
Other Noncurrent Operating Assets	177	175	180	186	188	184	200	194	211	172	165
Total Liabilities & Shareholders' Equity	3,758	3,796	3,811	3,865	3,858	3,961	3,367	3,275	3,247	2,964	2,752
Total Liabilities	2,313	2,378	2,421	2,371	2,389	2,460	2,853	2,864	2,929	2,433	2,145
Total Current Liabilities	345	331	354	323	334	361	2,537	2,539	2,599	339	324
Short-Term Debt	10	10	10	10	10	13	1,860	1,857	1,879	41	43
Accounts Payable	79	90	100	82	95	96	100	117	121	72	77
Accrued Expenses	201	178	191	176	174	197	326	312	338	149	154
Other Current Liabilities	55	52	53	55	55	55	251	253	260	48	49
Total Noncurrent Liabilities	1,968	2,047	2,067	2,048	2,055	2,098	316	325	330	2,094	1,821
Long-Term Debt	1,676	1,758	1,776	1,706	1,712	1,764	0.00	0.00	0.00	1,819	1,539
Noncurrent Deferred & Payable Income Tax Liabilities	140	137	133	140	138	136	102	112	107	99	93
Other Noncurrent Operating Liabilities	153	152	158	202	205	199	214	213	223	177	190
Total Equity & Noncontrolling Interests	1,445	1,418	1,390	1,494	1,469	1,502	514	411	318	530	607
Total Preferred & Common Equity	1,215	1,177	1,140	1,251	1,217	1,237	681	602	519	401	473
Preferred Stock	304	304	304	305	314	331	477	478	478	478	478
Total Common Equity	911	873	836	947	903	906	204	124	41	-77	-5.27
Common Stock	1,207	1,207	1,207	1,283	1,286	1,289	1,289	1,289	1,289	1,289	1,289
Retained Earnings	-292	-329	-363	-325	-369	-372	-1,062	-1,142	-1,226	-1,347	-1,276
Treasury Stock	-3.95	-5.86	-7.39	-9.34	-9.34	-9.34	-19	-19	-19	-19	-19
Accumulated Other Comprehensive Income / (Loss)	-0.41	0.28	-1.19	-1.96	-4.50	-1.54	-4.09	-4.04	-2.97	-0.11	0.37
Noncontrolling Interest	230	241	250	243	252	265	-167	-191	-201	130	135

This table displays calculated financial ratios and metrics derived from Compass Diversified's official financial filings.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
DEI Shares Outstanding	-	-	-	-	-	-	-	-	-	-	75,235,966.00
DEI Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	-	-	75,235,966.00
DEI Earnings Per Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	-	-	-3.01
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	14.34%	34.39%	2.50%	35.36%	-6.93%	14.59%	19.06%	11.44%	2.31%	11.87%	4.79%
EBITDA Growth	41.05%	1.19%	7.57%	29.42%	-24.54%	63.62%	32.52%	14.80%	-17.01%	68.57%	1,052.18%
EBIT Growth	56.64%	-70.52%	73.74%	104.69%	-56.64%	253.56%	62.88%	19.19%	-41.39%	167.76%	95.31%
NOPAT Growth	-40.25%	-13.37%	5.83%	131.13%	-54.10%	114.07%	35.08%	-20.97%	43.53%	78.64%	174.72%
Net Income Growth	-43.06%	-65.90%	-40.54%	-105.33%	17,258.72%	-91.15%	366.26%	-59.44%	410.14%	-81.96%	9.00%
EPS Growth	-51.49%	-80.46%	-186.27%	4.55%	966.67%	-109.34%	314.71%	-113.70%	2,560.00%	-146.34%	6.27%
Operating Cash Flow Growth	19.60%	31.73%	-26.58%	39.97%	-26.12%	75.76%	-9.81%	-121.11%	375.97%	-186.62%	95.48%
Free Cash Flow Firm Growth	-282.20%	-1,062.43%	55.82%	89.31%	566.79%	-532.26%	-10.62%	22.78%	167.55%	-330.00%	53.89%
Invested Capital Growth	7.19%	53.59%	16.20%	4.05%	-4.94%	30.54%	26.38%	16.16%	-6.26%	24.66%	6.27%
Revenue Q/Q Growth	33.76%	18.76%	-19.12%	20.54%	-8.19%	15.36%	0.14%	-3.83%	3.47%	-0.82%	-1.34%
EBITDA Q/Q Growth	55.63%	-11.92%	-11.31%	31.15%	-22.27%	27.81%	-5.00%	-4.05%	0.64%	30.07%	67.08%
EBIT Q/Q Growth	492.08%	-72.38%	989.89%	5.56%	-53.33%	61.75%	-7.96%	-3.21%	2.36%	67.20%	88.28%
NOPAT Q/Q Growth	134.73%	-62.39%	4,058.16%	-80.82%	-49.09%	9.99%	55.37%	-53.39%	-1.10%	222.32%	120.80%
Net Income Q/Q Growth	-6.15%	7.40%	348.19%	-103.33%	4.00%	14.42%	15.62%	-42.33%	136.15%	-70.94%	-3.50%
EPS Q/Q Growth	-49.71%	-80.46%	-186.27%	32.26%	2.25%	0.00%	0.00%	-143.48%	500.00%	-280.95%	-10.46%
Operating Cash Flow Q/Q Growth	19.07%	12.87%	-25.67%	40.77%	-3.10%	-10.39%	-26.71%	46.64%	13.85%	-19.75%	90.23%
Free Cash Flow Firm Q/Q Growth	-288.44%	3.45%	-82.99%	94.79%	-83.85%	-126.85%	79.70%	55.70%	214.56%	-195.94%	-112.84%
Invested Capital Q/Q Growth	-2.13%	-4.52%	3.00%	-24.23%	-1.35%	0.00%	6.99%	-10.47%	-15.69%	1.97%	11.29%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	33.07%	33.38%	36.04%	34.62%	36.17%	36.87%	38.39%	37.94%	42.39%	45.51%	43.47%
EBITDA Margin	13.92%	10.48%	11.00%	10.52%	8.53%	12.18%	13.55%	13.96%	11.33%	17.07%	7.20%
Operating Margin	6.86%	1.95%	2.44%	4.17%	2.06%	5.39%	7.14%	7.69%	4.34%	10.47%	0.59%
EBIT Margin	6.23%	1.37%	2.32%	3.51%	1.63%	5.04%	6.89%	7.37%	4.22%	10.11%	-0.41%
Profit (Net Income) Margin	22.77%	5.78%	3.35%	-0.13%	24.31%	1.88%	7.36%	2.68%	13.35%	2.15%	-15.68%
Tax Burden Percent	690.94%	89.42%	-349.00%	21.28%	-511.05%	100.09%	475.60%	89.33%	-1,182.59%	51.86%	98.71%
Interest Burden Percent	52.87%	472.52%	-41.43%	-17.68%	-291.32%	37.25%	22.44%	40.67%	-26.74%	41.09%	3,912.42%
Effective Tax Rate	62.53%	14.98%	0.00%	0.00%	0.00%	50.07%	57.26%	71.84%	0.00%	53.68%	0.00%
Return on Invested Capital (ROIC)	2.34%	1.55%	1.25%	2.63%	1.21%	2.31%	2.44%	1.60%	2.20%	3.62%	0.34%
ROIC Less NNEP Spread (ROIC-NNEP)	-352.82%	26.01%	4.80%	-4.47%	64.67%	-0.08%	10.64%	2.37%	18.17%	-0.60%	-16.84%
Return on Net Nonoperating Assets (RNNOA)	17.38%	4.85%	2.44%	-2.83%	28.24%	-0.03%	7.69%	2.29%	16.01%	-0.55%	-53.54%
Return on Equity (ROE)	19.72%	6.40%	3.69%	-0.19%	29.46%	2.28%	10.13%	3.89%	18.21%	3.07%	-53.20%
Cash Return on Invested Capital (CROIC)	-4.60%	-40.72%	-13.74%	-1.34%	6.28%	-24.18%	-20.87%	-13.35%	8.66%	-18.33%	-5.75%
Operating Return on Assets (OROA)	3.06%	0.84%	1.29%	2.27%	0.97%	3.25%	4.14%	4.05%	2.17%	5.65%	-0.24%
Return on Assets (ROA)	11.17%	3.54%	1.87%	-0.09%	14.41%	1.21%	4.42%	1.47%	6.85%	1.20%	-9.27%
Return on Common Equity (ROCE)	18.69%	6.09%	3.31%	-0.15%	20.88%	1.54%	6.48%	2.41%	11.73%	1.89%	-10.79%
Return on Equity Simple (ROE_SIMPLE)	20.07%	6.60%	3.85%	-0.21%	27.54%	2.47%	11.41%	4.52%	19.78%	3.65%	0.00%
Net Operating Profit after Tax (NOPAT)	19	16	17	40	18	39	53	42	60	107	7.78
NOPAT Margin	2.57%	1.66%	1.71%	2.92%	1.44%	2.69%	3.05%	2.16%	3.04%	4.85%	0.42%
Net Nonoperating Expense Percent (NNEP)	355.16%	-24.46%	-3.56%	7.10%	-63.45%	2.40%	-8.20%	-0.77%	-15.97%	4.22%	17.18%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	-	-	1.30%	1.87%	3.19%	0.32%
Cost of Revenue to Revenue	66.93%	66.62%	63.96%	65.38%	63.83%	63.13%	61.61%	62.06%	57.61%	54.49%	56.53%
SG&A Expenses to Revenue	18.74%	22.27%	26.08%	23.58%	24.41%	24.84%	24.27%	22.99%	25.55%	26.73%	35.26%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	26.21%	31.43%	33.60%	30.44%	34.11%	31.49%	31.24%	30.25%	38.05%	36.14%	42.87%
Earnings before Interest and Taxes (EBIT)	45	13	23	48	21	73	119	142	83	222	-7.61
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	101	103	110	143	108	176	234	268	223	375	135
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.56	0.66	0.83	0.77	1.37	1.28	2.20	1.42	1.49	1.97	0.00
Price to Tangible Book Value (P/TBV)	5.38	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Price to Revenue (P/Rev)	0.63	0.58	0.64	0.38	0.88	0.70	1.03	0.62	0.78	0.79	0.19
Price to Earnings (P/E)	3.20	10.37	22.97	0.00	3.69	44.76	15.51	32.54	6.19	134.75	0.00
Dividend Yield	16.95%	13.79%	13.41%	16.79%	7.74%	9.17%	8.61%	6.10%	4.71%	4.38%	20.83%
Earnings Yield	31.25%	9.64%	4.35%	0.00%	27.09%	2.23%	6.45%	3.07%	16.16%	0.74%	0.00%
Enterprise Value to Invested Capital (EV/IC)	0.59	0.77	0.91	1.19	1.21	1.20	1.40	1.25	1.24	1.26	1.17
Enterprise Value to Revenue (EV/Rev)	0.67	1.00	1.34	1.34	1.40	1.58	1.96	1.82	1.65	1.88	1.48
Enterprise Value to EBITDA (EV/EBITDA)	4.78	9.57	12.17	12.76	16.36	12.95	14.46	13.02	14.58	11.00	20.61
Enterprise Value to EBIT (EV/EBIT)	10.67	73.34	57.75	38.29	85.45	31.30	28.43	24.65	39.11	18.57	0.00
Enterprise Value to NOPAT (EV/NOPAT)	25.89	60.54	78.27	45.96	96.89	58.62	64.21	83.96	54.39	38.70	357.45
Enterprise Value to Operating Cash Flow (EV/OCF)	5.73	8.81	16.42	15.92	20.85	15.36	25.20	0.00	41.57	0.00	0.00
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	0.00	18.72	0.00	0.00	0.00	13.82	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.36	0.62	0.64	1.20	0.34	0.74	1.00	1.35	1.10	1.14	3.27
Long-Term Debt to Equity	0.35	0.62	0.63	1.20	0.34	0.74	1.00	1.34	1.09	1.13	3.21
Financial Leverage	-0.05	0.19	0.51	0.63	0.44	0.41	0.72	0.97	0.88	0.91	3.18
Leverage Ratio	1.77	1.81	1.98	2.27	2.05	1.88	2.29	2.64	2.66	2.55	5.74
Compound Leverage Factor	0.93	8.55	-0.82	-0.40	-5.96	0.70	0.51	1.07	-0.71	1.05	224.51
Debt to Total Capital	26.32%	38.39%	38.92%	54.56%	25.28%	42.44%	50.01%	57.39%	52.39%	53.16%	76.59%
Short-Term Debt to Total Capital	0.27%	0.39%	0.38%	0.25%	0.00%	0.00%	0.00%	0.31%	0.31%	0.45%	1.53%
Long-Term Debt to Total Capital	26.04%	38.00%	38.54%	54.31%	25.28%	42.44%	50.01%	57.08%	52.08%	52.72%	75.06%
Preferred Equity to Total Capital	0.00%	0.00%	6.36%	9.54%	19.48%	14.34%	11.83%	9.51%	9.52%	12.55%	19.50%
Noncontrolling Interests to Total Capital	3.90%	2.63%	3.48%	2.96%	3.24%	5.67%	6.72%	7.04%	6.04%	7.98%	5.37%
Common Equity to Total Capital	69.78%	58.99%	51.24%	32.94%	52.00%	37.56%	31.44%	26.06%	32.05%	26.31%	-1.46%
Debt to EBITDA	3.08	5.43	5.35	7.73	3.66	5.10	5.50	6.84	7.51	4.73	13.91
Net Debt to EBITDA	-0.23	3.66	4.99	7.39	2.73	4.76	4.81	6.63	5.51	4.57	13.41
Long-Term Debt to EBITDA	3.05	5.38	5.30	7.70	3.66	5.10	5.50	6.80	7.47	4.69	13.64
Debt to NOPAT	16.67	34.39	34.40	27.85	21.68	23.10	24.42	44.12	28.02	16.64	241.39
Net Debt to NOPAT	-1.23	23.19	32.08	26.62	16.17	21.55	21.37	42.76	20.53	16.08	232.65
Long-Term Debt to NOPAT	16.50	34.04	34.07	27.72	21.68	23.10	24.42	43.88	27.85	16.50	236.57
Altman Z-Score	1.28	1.08	1.12	0.92	1.82	1.17	1.37	1.04	1.30	1.36	0.29
Noncontrolling Interest Sharing Ratio	5.18%	4.77%	10.29%	21.79%	29.13%	32.63%	35.96%	38.00%	35.59%	38.33%	79.72%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	2.50	2.24	2.48	2.63	3.08	2.40	2.93	3.36	5.13	4.07	2.42
Quick Ratio	1.64	1.09	1.20	0.98	1.39	0.91	1.21	0.98	2.42	1.31	1.04
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-37	-427	-189	-20	94	-407	-450	-348	235	-540	-133
Operating Cash Flow to CapEx	539.86%	464.65%	212.75%	279.16%	314.07%	505.42%	404.79%	-47.01%	141.92%	-119.29%	-15.41%
Free Cash Flow to Firm to Interest Expense	0.00	0.00	0.00	-27.11	7.64	0.00	-13.52	-650.97	0.00	0.00	-46.90
Operating Cash Flow to Interest Expense	0.00	0.00	0.00	153.83	6.86	0.00	4.03	-52.98	0.00	0.00	-2.42
Operating Cash Flow Less CapEx to Interest Expense	0.00	0.00	0.00	98.73	4.68	0.00	3.03	-165.69	0.00	0.00	-18.09
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.49	0.61	0.56	0.65	0.59	0.64	0.60	0.55	0.51	0.56	0.59
Accounts Receivable Turnover	6.48	6.82	5.06	6.45	6.37	7.27	7.12	6.68	6.49	5.84	8.70
Inventory Turnover	8.24	4.78	2.79	3.20	2.58	2.74	2.32	1.91	1.61	1.42	2.17
Fixed Asset Turnover	6.53	7.57	6.36	8.49	8.62	9.65	10.13	10.35	10.46	10.08	8.24
Accounts Payable Turnover	9.08	9.70	7.34	9.83	9.69	10.16	8.93	10.89	13.01	12.26	10.61
Days Sales Outstanding (DSO)	56.35	53.56	72.12	56.56	57.34	50.19	51.30	54.68	56.27	62.48	41.96
Days Inventory Outstanding (DIO)	44.28	76.41	130.86	114.00	141.39	133.38	157.48	190.80	226.31	256.81	168.05
Days Payable Outstanding (DPO)	40.18	37.62	49.71	37.14	37.66	35.92	40.86	33.52	28.06	29.77	34.39
Cash Conversion Cycle (CCC)	60.44	92.35	153.28	133.42	161.08	147.66	167.92	211.95	254.52	289.52	175.63
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	827	1,270	1,476	1,536	1,460	1,906	2,409	2,798	2,623	3,269	2,377
Invested Capital Turnover	0.91	0.93	0.73	0.90	0.84	0.86	0.80	0.74	0.73	0.75	0.81
Increase / (Decrease) in Invested Capital	55	443	206	60	-76	446	503	389	-175	647	140
Enterprise Value (EV)	484	981	1,342	1,822	1,763	2,283	3,378	3,491	3,245	4,126	2,780
Market Capitalization	461	567	643	514	1,114	1,020	1,777	1,184	1,524	1,726	361
Book Value per Share	$15.23	$15.77	$12.97	$11.13	$13.55	$12.27	$12.25	$11.54	$14.24	$11.61	($0.48)
Tangible Book Value per Share	$1.58	($3.21)	($5.60)	($7.02)	($3.16)	($10.85)	($14.36)	($16.25)	($9.97)	($15.25)	($24.24)
Total Capital	1,185	1,452	1,516	2,023	1,560	2,120	2,569	3,196	3,191	3,337	2,451
Total Debt	312	557	590	1,104	394	899	1,285	1,834	1,672	1,774	1,877
Total Long-Term Debt	309	552	584	1,099	394	899	1,285	1,824	1,662	1,759	1,840
Net Debt	-23	376	550	1,055	294	839	1,124	1,778	1,225	1,715	1,809
Capital Expenditures (CapEx)	16	24	38	41	27	29	33	60	55	57	44
Debt-free, Cash-free Net Working Capital (DFCFNWC)	93	216	280	378	334	354	539	804	855	1,138	465
Debt-free Net Working Capital (DFNWC)	178	256	320	427	435	414	700	860	1,301	1,198	533
Net Working Capital (NWC)	175	250	315	422	435	414	700	850	1,291	1,183	496
Net Nonoperating Expense (NNE)	-147	-40	-16	41	-289	12	-74	-9.86	-203	59	302
Net Nonoperating Obligations (NNO)	-46	376	550	617	294	686	1,124	1,436	1,103	1,706	1,804
Total Depreciation and Amortization (D&A)	56	89	87	95	87	103	115	127	140	153	143
Debt-free, Cash-free Net Working Capital to Revenue	12.76%	22.10%	27.96%	27.86%	26.48%	24.43%	31.26%	41.85%	43.50%	51.78%	24.82%
Debt-free Net Working Capital to Revenue	24.47%	26.17%	31.94%	31.45%	34.42%	28.57%	40.59%	44.79%	66.23%	54.49%	28.45%
Net Working Capital to Revenue	24.02%	25.58%	31.38%	31.08%	34.42%	28.57%	40.59%	44.27%	65.72%	53.81%	26.45%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic Shares Outstanding	54.30M	59.90M	59.90M	59.90M	59.90M	64.90M	69.45M	72.20M	75.27M	75.24M	75.24M
Adjusted Diluted Earnings per Share	$2.61	$0.51	($0.44)	($0.42)	$3.64	($0.34)	$0.73	($0.10)	$2.46	($1.14)	($3.59)
Adjusted Weighted Average Diluted Shares Outstanding	54.30M	59.90M	59.90M	59.90M	59.90M	64.90M	69.45M	70.72M	72.11M	75.45M	75.24M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	54.30M	54.59M	59.90M	59.90M	59.90M	63.15M	65.36M	72.20M	75.27M	75.24M	75.24M
Normalized Net Operating Profit after Tax (NOPAT)	35	38	23	40	41	55	86	103	122	184	30
Normalized NOPAT Margin	4.80%	3.85%	2.33%	2.92%	3.26%	3.77%	5.00%	5.38%	6.22%	8.36%	1.59%
Pre Tax Income Margin	3.30%	6.46%	-0.96%	-0.62%	-4.76%	1.88%	1.55%	3.00%	-1.13%	4.15%	-15.88%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.00	0.00	0.00	63.95	1.67	0.00	3.57	265.16	0.00	0.00	-2.69
NOPAT to Interest Expense	0.00	0.00	0.00	53.28	1.48	0.00	1.58	77.86	0.00	0.00	2.75
EBIT Less CapEx to Interest Expense	0.00	0.00	0.00	8.84	-0.51	0.00	2.57	152.46	0.00	0.00	-18.37
NOPAT Less CapEx to Interest Expense	0.00	0.00	0.00	-1.83	-0.71	0.00	0.59	-34.84	0.00	0.00	-12.92
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	57.87%	222.18%	380.52%	-5,499.16%	52.66%	495.21%	165.97%	206.69%	51.21%	316.56%	-25.60%
Augmented Payout Ratio	57.87%	222.18%	380.52%	-5,499.16%	52.66%	495.21%	165.97%	206.69%	54.77%	336.77%	-25.60%

This table displays calculated financial ratios and metrics derived from Compass Diversified's official financial filings.

Metric	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026
Period end date	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026	6/30/2026
DEI Shares Outstanding	-	-	-	-	-	150,471,932.00	150,471,932.00	75,235,966.00	75,235,966.00	75,235,966.00	75,235,966.00
DEI Adjusted Shares Outstanding	-	-	-	-	-	150,471,932.00	150,471,932.00	75,235,966.00	75,235,966.00	75,235,966.00	75,235,966.00
DEI Earnings Per Adjusted Shares Outstanding	-	-	-	-	-	-0.20	-0.34	-0.98	-0.95	-0.41	1.08
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	48.43%	8.34%	11.44%	11.81%	15.98%	10.45%	12.18%	3.51%	-5.14%	-5.93%	-11.42%
EBITDA Growth	-29.05%	5.12%	-4.59%	97.46%	550.51%	210.78%	139.30%	328.44%	208.70%	59.46%	2,052.17%
EBIT Growth	-311.34%	-0.04%	-16.17%	297.32%	929.84%	81.23%	54.92%	52.65%	447.64%	132.80%	670.46%
NOPAT Growth	-198.10%	29.41%	-466.56%	330.62%	813.94%	128.42%	-464.14%	-233.02%	347.69%	-156.09%	197.77%
Net Income Growth	1,277.31%	-94.73%	-180.14%	936.73%	-82.91%	41.70%	24.36%	-33.10%	-14.43%	38.29%	206.90%
EPS Growth	1,025.00%	-165.89%	-28.57%	124.24%	-95.68%	61.18%	21.43%	-95.16%	-59.65%	-5.08%	197.73%
Operating Cash Flow Growth	81.67%	-184.92%	-262.17%	-248.26%	-52.79%	-15.69%	42.61%	122.08%	391.84%	181.48%	184.48%
Free Cash Flow Firm Growth	144.13%	90.70%	81.84%	-262.32%	-456.69%	1,289.09%	130,936.08%	1,286.81%	62.71%	-114.39%	-87.79%
Invested Capital Growth	-6.26%	2.24%	0.15%	3.06%	24.66%	-29.18%	-29.73%	-33.38%	6.27%	5.89%	-4.21%
Revenue Q/Q Growth	-9.20%	1.12%	3.49%	7.38%	-5.82%	227.62%	5.49%	-1.28%	-0.85%	-8.90%	-0.66%
EBITDA Q/Q Growth	-66.75%	653.76%	-1.59%	44.08%	9.55%	109.35%	-65.95%	139.52%	286.53%	-49.42%	359.64%
EBIT Q/Q Growth	-158.11%	311.63%	-0.98%	101.37%	21.37%	96.22%	-133.14%	46.27%	412.52%	-91.62%	3,954.40%
NOPAT Q/Q Growth	-150.62%	180.28%	-1,377.84%	148.50%	-16.08%	101.86%	-891.57%	59.37%	515.42%	-104.20%	1,479.85%
Net Income Q/Q Growth	3,808.54%	-95.85%	-337.38%	329.26%	-24.25%	85.64%	-56.85%	-11.89%	9.67%	61.08%	371.74%
EPS Q/Q Growth	660.61%	-145.95%	47.06%	117.78%	0.00%	77.39%	-49.15%	-37.50%	24.79%	31.87%	238.71%
Operating Cash Flow Q/Q Growth	7.18%	-162.48%	-166.51%	16.93%	134.13%	60.06%	-19.80%	130.36%	340.36%	-49.12%	24.21%
Free Cash Flow Firm Q/Q Growth	538.36%	-230.04%	-86.02%	61.81%	-1,302.80%	326.34%	-1.20%	16.81%	-110.18%	-22.43%	183.80%
Invested Capital Q/Q Growth	-15.69%	14.77%	-0.73%	2.68%	1.97%	-0.42%	-1.50%	-2.64%	11.29%	-0.79%	-10.89%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	39.31%	46.12%	47.75%	47.13%	40.98%	43.20%	43.56%	43.96%	43.13%	44.36%	47.16%
EBITDA Margin	3.82%	14.44%	13.73%	18.43%	21.43%	5.60%	1.81%	4.39%	17.10%	9.49%	43.92%
Operating Margin	-1.86%	7.36%	11.31%	12.06%	10.92%	0.76%	-5.69%	-2.34%	9.81%	-0.45%	6.83%
EBIT Margin	-2.14%	6.62%	6.33%	11.87%	15.30%	-2.50%	-5.54%	-3.01%	9.50%	0.87%	35.64%
Profit (Net Income) Margin	29.47%	1.10%	-2.53%	5.40%	4.34%	-10.95%	-16.29%	-18.46%	-16.82%	-7.19%	19.66%
Tax Burden Percent	-399.03%	51.98%	-176.00%	74.53%	78.97%	105.28%	122.95%	107.76%	74.35%	129.06%	65.50%
Interest Burden Percent	345.34%	32.05%	22.69%	61.02%	35.94%	415.45%	239.35%	568.68%	-238.22%	-637.53%	84.19%
Effective Tax Rate	0.00%	78.10%	276.00%	25.47%	26.68%	0.00%	0.00%	0.00%	0.00%	0.00%	35.66%
Return on Invested Capital (ROIC)	-0.94%	1.09%	-13.74%	6.31%	5.98%	0.36%	-2.82%	-1.17%	5.58%	-0.25%	3.67%
ROIC Less NNEP Spread (ROIC-NNEP)	10.52%	0.92%	-8.12%	5.09%	4.54%	-2.74%	-6.25%	-5.68%	-0.75%	-1.91%	7.62%
Return on Net Nonoperating Assets (RNNOA)	9.27%	1.03%	-9.44%	6.03%	4.14%	-4.59%	-11.43%	-10.99%	-2.37%	-6.48%	24.53%
Return on Equity (ROE)	8.33%	2.12%	-23.18%	12.33%	10.12%	-4.22%	-14.25%	-12.16%	3.21%	-6.74%	28.19%
Cash Return on Invested Capital (CROIC)	8.66%	-0.10%	2.40%	-5.78%	-18.33%	34.19%	34.03%	38.66%	-5.75%	-5.54%	6.32%
Operating Return on Assets (OROA)	-1.10%	3.64%	3.57%	6.77%	8.55%	-1.27%	-2.92%	-1.59%	5.62%	0.51%	21.20%
Return on Assets (ROA)	15.11%	0.61%	-1.42%	3.08%	2.43%	-5.55%	-8.60%	-9.73%	-9.95%	-4.19%	11.69%
Return on Common Equity (ROCE)	5.37%	1.34%	-14.26%	7.43%	6.24%	-2.42%	-7.78%	-6.33%	0.65%	-0.82%	3.29%
Return on Equity Simple (ROE_SIMPLE)	0.00%	12.67%	10.50%	13.17%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Net Operating Profit after Tax (NOPAT)	-6.16	8.45	-108	52	44	2.41	-19	-7.75	32	-1.35	19
NOPAT Margin	-1.30%	1.61%	-19.90%	8.99%	8.01%	0.53%	-3.98%	-1.64%	6.87%	-0.32%	4.40%
Net Nonoperating Expense Percent (NNEP)	-11.47%	0.16%	-5.62%	1.22%	1.43%	3.10%	3.43%	4.51%	6.32%	1.66%	-3.95%
Return On Investment Capital (ROIC_SIMPLE)	-0.19%	-	-	-	1.32%	0.10%	-0.84%	-0.35%	1.31%	-0.06%	0.85%
Cost of Revenue to Revenue	60.69%	53.88%	52.25%	52.87%	59.02%	56.80%	56.44%	56.04%	56.87%	55.64%	52.84%
SG&A Expenses to Revenue	22.20%	28.75%	27.91%	27.25%	23.07%	33.14%	33.87%	37.95%	36.04%	30.93%	31.68%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	41.17%	38.77%	36.45%	35.07%	34.46%	42.44%	49.26%	46.30%	33.32%	44.81%	40.32%
Earnings before Interest and Taxes (EBIT)	-10	35	34	69	84	-11	-26	-14	44	3.73	151
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	18	76	75	107	118	25	8.65	21	80	41	186
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	1.49	1.87	1.81	1.83	1.97	6.79	3.81	12.03	0.00	0.00	0.00
Price to Tangible Book Value (P/TBV)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Price to Revenue (P/Rev)	0.78	0.84	0.76	0.75	0.79	0.76	0.25	0.26	0.19	0.32	0.45
Price to Earnings (P/E)	6.19	12.73	15.39	11.96	134.75	0.00	0.00	0.00	0.00	0.00	0.00
Dividend Yield	4.71%	4.25%	4.62%	4.57%	4.38%	5.44%	15.92%	15.11%	20.83%	12.72%	0.00%
Earnings Yield	16.16%	7.85%	6.50%	8.36%	0.74%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Enterprise Value to Invested Capital (EV/IC)	1.24	1.26	1.23	1.23	1.26	1.53	1.16	1.21	1.17	1.27	1.38
Enterprise Value to Revenue (EV/Rev)	1.65	1.89	1.79	1.78	1.88	1.86	1.35	1.37	1.48	1.62	1.62
Enterprise Value to EBITDA (EV/EBITDA)	14.58	16.62	16.36	13.71	11.00	99.68	39.20	32.11	20.61	19.99	8.88
Enterprise Value to EBIT (EV/EBIT)	39.11	45.26	47.49	29.76	18.57	0.00	0.00	0.00	0.00	400.48	15.71
Enterprise Value to NOPAT (EV/NOPAT)	54.39	60.31	48.57	0.00	38.70	7,158.34	0.00	0.00	357.45	746.37	67.08
Enterprise Value to Operating Cash Flow (EV/OCF)	41.57	80.51	0.00	0.00	0.00	0.00	0.00	0.00	0.00	64.58	26.14
Enterprise Value to Free Cash Flow (EV/FCFF)	13.82	0.00	51.52	0.00	0.00	3.71	2.81	2.51	0.00	0.00	21.43
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	1.10	1.15	1.17	1.18	1.14	3.62	4.52	5.90	3.27	3.51	2.61
Long-Term Debt to Equity	1.09	1.14	1.17	1.17	1.13	0.00	0.00	0.00	3.21	3.43	2.53
Financial Leverage	0.88	1.12	1.16	1.18	0.91	1.68	1.83	1.93	3.18	3.39	3.22
Leverage Ratio	2.66	2.59	2.65	2.69	2.55	3.60	3.80	3.96	5.74	6.06	5.92
Compound Leverage Factor	9.19	0.83	0.60	1.64	0.92	14.96	9.08	22.52	-13.67	-38.66	4.99
Debt to Total Capital	52.39%	53.45%	53.97%	54.18%	53.16%	78.36%	81.89%	85.51%	76.59%	77.81%	72.26%
Short-Term Debt to Total Capital	0.31%	0.31%	0.31%	0.38%	0.45%	78.36%	81.89%	85.51%	1.53%	1.73%	1.98%
Long-Term Debt to Total Capital	52.08%	53.14%	53.66%	53.80%	52.72%	0.00%	0.00%	0.00%	75.06%	76.09%	70.29%
Preferred Equity to Total Capital	9.52%	9.49%	9.83%	10.09%	12.55%	20.09%	21.07%	21.75%	19.50%	19.99%	21.83%
Noncontrolling Interests to Total Capital	6.04%	7.57%	7.91%	8.08%	7.98%	-7.04%	-8.43%	-9.14%	5.37%	5.42%	6.15%
Common Equity to Total Capital	32.05%	29.49%	28.29%	27.64%	26.31%	8.58%	5.47%	1.88%	-1.46%	-3.23%	-0.24%
Debt to EBITDA	7.51	7.18	7.31	6.16	4.73	54.42	28.63	23.27	13.91	12.40	4.83
Net Debt to EBITDA	5.51	6.91	7.02	5.91	4.57	50.14	27.50	22.51	13.41	11.99	4.56
Long-Term Debt to EBITDA	7.47	7.14	7.27	6.11	4.69	0.00	0.00	0.00	13.64	12.12	4.70
Debt to NOPAT	28.02	26.05	21.71	-20.38	16.64	3,907.70	-77.94	-50.24	241.39	463.06	36.48
Net Debt to NOPAT	20.53	25.07	20.85	-19.55	16.08	3,600.48	-74.84	-48.61	232.65	447.94	34.46
Long-Term Debt to NOPAT	27.85	25.90	21.58	-20.24	16.50	0.00	0.00	0.00	236.57	452.79	35.48
Altman Z-Score	1.22	1.21	1.19	1.24	1.24	-0.14	-0.39	-0.44	0.35	0.37	0.59
Noncontrolling Interest Sharing Ratio	35.59%	36.79%	38.48%	39.77%	38.33%	42.71%	45.37%	47.95%	79.72%	87.87%	88.33%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	5.13	4.08	4.18	4.22	4.07	0.42	0.41	0.39	2.42	2.67	2.26
Quick Ratio	2.42	1.25	1.28	1.34	1.31	0.14	0.11	0.11	1.04	0.98	0.92
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	169	-60	-113	-43	-603	920	909	1,062	-108	-132	111
Operating Cash Flow to CapEx	128.21%	-170.40%	-314.91%	-187.50%	44.94%	-224.03%	-323.07%	104.72%	463.60%	468.26%	476.31%
Free Cash Flow to Firm to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	321.68	0.00	0.00	0.00	0.00
Operating Cash Flow to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	-12.44	0.00	0.00	0.00	0.00
Operating Cash Flow Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	-16.29	0.00	0.00	0.00	0.00
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.51	0.55	0.56	0.57	0.56	0.51	0.53	0.53	0.59	0.58	0.59
Accounts Receivable Turnover	6.49	6.31	6.58	5.81	5.84	6.85	6.55	5.96	8.70	9.28	8.76
Inventory Turnover	1.61	1.51	1.45	1.37	1.42	1.53	1.51	1.42	2.17	2.13	2.02
Fixed Asset Turnover	10.46	10.64	11.17	11.36	10.08	8.37	9.47	9.47	8.24	8.46	8.89
Accounts Payable Turnover	13.01	14.52	12.78	12.19	12.26	11.61	10.31	10.10	10.61	12.08	10.23
Days Sales Outstanding (DSO)	56.27	57.82	55.46	62.78	62.48	53.30	55.72	61.26	41.96	39.35	41.65
Days Inventory Outstanding (DIO)	226.31	242.39	251.89	266.00	256.81	239.03	242.38	256.68	168.05	171.12	180.36
Days Payable Outstanding (DPO)	28.06	25.15	28.57	29.94	29.77	31.44	35.39	36.15	34.39	30.21	35.68
Cash Conversion Cycle (CCC)	254.52	275.06	278.78	298.84	289.52	260.89	262.71	281.79	175.63	180.27	186.33
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	2,623	3,145	3,122	3,206	3,269	2,227	2,194	2,136	2,377	2,359	2,102
Invested Capital Turnover	0.73	0.67	0.69	0.70	0.75	0.68	0.71	0.71	0.81	0.81	0.83
Increase / (Decrease) in Invested Capital	-175	69	4.54	95	647	-918	-928	-1,070	140	131	-92
Enterprise Value (EV)	3,245	3,972	3,853	3,955	4,126	3,407	2,542	2,593	2,780	2,998	2,909
Market Capitalization	1,524	1,773	1,633	1,655	1,726	1,384	472	498	361	591	802
Book Value per Share	$14.24	$12.58	$11.98	$11.98	$11.61	$2.71	$1.65	$0.55	($0.48)	($1.03)	($0.07)
Tangible Book Value per Share	($9.97)	($16.23)	($15.78)	($15.34)	($15.25)	($21.96)	($22.73)	($23.52)	($24.24)	($23.23)	($21.98)
Total Capital	3,191	3,210	3,191	3,278	3,337	2,374	2,268	2,197	2,451	2,391	2,189
Total Debt	1,672	1,716	1,722	1,776	1,774	1,860	1,857	1,879	1,877	1,860	1,582
Total Long-Term Debt	1,662	1,706	1,712	1,764	1,759	0.00	0.00	0.00	1,840	1,819	1,539
Net Debt	1,225	1,651	1,654	1,704	1,715	1,714	1,783	1,818	1,809	1,800	1,494
Capital Expenditures (CapEx)	16	7.75	11	16	22	13	11	10	10	5.11	6.24
Debt-free, Cash-free Net Working Capital (DFCFNWC)	855	941	1,004	1,104	1,138	242	274	230	465	546	364
Debt-free Net Working Capital (DFNWC)	1,301	1,006	1,072	1,176	1,198	388	348	291	533	607	451
Net Working Capital (NWC)	1,291	996	1,062	1,163	1,183	-1,472	-1,509	-1,588	496	565	408
Net Nonoperating Expense (NNE)	-146	2.67	-94	21	20	52	59	79	111	29	-65
Net Nonoperating Obligations (NNO)	1,103	1,651	1,654	1,704	1,706	1,714	1,783	1,818	1,804	1,828	1,494
Total Depreciation and Amortization (D&A)	28	41	40	38	34	37	35	35	36	37	35
Debt-free, Cash-free Net Working Capital to Revenue	43.50%	44.82%	46.59%	49.80%	51.78%	13.20%	14.55%	12.09%	24.82%	29.56%	20.31%
Debt-free Net Working Capital to Revenue	66.23%	47.91%	49.76%	53.05%	54.49%	21.19%	18.46%	15.31%	28.45%	32.85%	25.19%
Net Working Capital to Revenue	65.72%	47.43%	49.29%	52.48%	53.81%	-80.40%	-80.16%	-83.63%	26.45%	30.61%	22.78%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic Shares Outstanding	75.27M	75.38M	75.65M	75.65M	75.24M	75.24M	75.24M	75.24M	75.24M	75.24M	75.24M
Adjusted Diluted Earnings per Share	$1.85	($0.85)	($0.45)	$0.08	$0.08	($0.59)	($0.88)	($1.21)	($0.91)	($0.62)	$0.86
Adjusted Weighted Average Diluted Shares Outstanding	72.11M	75.38M	75.65M	75.65M	75.45M	75.24M	75.24M	75.24M	75.24M	75.24M	75.24M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	75.27M	75.27M	75.39M	75.65M	75.24M	75.24M	75.24M	75.24M	75.24M	75.24M	75.24M
Normalized Net Operating Profit after Tax (NOPAT)	34	33	43	52	44	2.41	2.99	-7.75	32	13	19
Normalized NOPAT Margin	7.11%	6.24%	7.91%	8.99%	8.01%	0.53%	0.63%	-1.64%	6.87%	3.05%	4.40%
Pre Tax Income Margin	-7.39%	2.12%	1.44%	7.25%	5.50%	-10.41%	-13.25%	-17.13%	-22.62%	-5.57%	30.01%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	-9.37	0.00	0.00	0.00	0.00
NOPAT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	-6.74	0.00	0.00	0.00	0.00
EBIT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	-13.22	0.00	0.00	0.00	0.00
NOPAT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	-10.59	0.00	0.00	0.00	0.00
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	51.21%	85.21%	106.51%	114.28%	316.56%	-53.02%	-59.46%	-49.44%	-25.60%	-20.99%	-34.28%
Augmented Payout Ratio	54.77%	88.61%	109.23%	115.48%	336.77%	-53.02%	-59.46%	-49.44%	-25.60%	-20.99%	-34.28%

Financials Breakdown Chart

Key Financial Trends

Compass Diversified (NYSE: CODI) showed a mixed but clearly challenged financial picture in Q1 2026, with revenue holding up reasonably well but profitability and balance sheet leverage remaining under pressure. The quarter included an operating loss, a net loss to common shareholders, and continued reliance on debt financing. Compared with the same period a year ago and the prior several quarters, CODI’s earnings power has weakened, while debt and goodwill/intangible-heavy assets continue to dominate the balance sheet.

Q1 2026 revenue was $426.9 million, which is still a large top line for the quarter and indicates the business remains active across its portfolio.
Gross profit in Q1 2026 was $189.4 million, giving CODI a gross margin of roughly 44%, which suggests the underlying businesses can still generate solid product-level profitability.
Operating cash flow was $23.9 million in Q1 2026, up from $4.9 million in Q4 2025 and negative $35.2 million in Q2 2025, showing some near-term improvement in cash generation.
Cash and equivalents increased to $60.7 million at March 31, 2026, from $61.1 million at the end of Q3 2025, remaining a meaningful liquidity buffer.
The company continued to generate positive operating cash flow despite reporting a net loss, which is often a sign that non-cash charges such as amortization and impairment are playing a major role in reported earnings.
Q1 2026 included a sizable $20.5 million impairment charge and $22.8 million of amortization expense, both of which weighed on earnings but also reflect the company’s acquisition-heavy structure.
Goodwill and intangible assets remain very large at $1.67 billion combined, making a significant portion of CODI’s asset base dependent on acquisition valuations.
The company still pays dividends, with Q1 2026 cash dividends to common reported at $0.00 per share in the quarter, while prior 2025 quarters showed payments, so dividend policy appears variable and worth watching closely.
Share count remained relatively stable at about 75.2 million diluted shares in Q1 2026, limiting dilution pressure for now.
Short-term debt fell to $41.3 million from $1.88 billion in Q3 2025, but total long-term debt remained substantial at $1.82 billion.
Q1 2026 revenue declined to $426.9 million from $468.6 million in Q4 2025 and $472.6 million in Q3 2025, suggesting recent top-line momentum has softened.
CODI reported an operating loss of $1.9 million and a net loss attributable to common shareholders of $30.8 million in Q1 2026.
Diluted EPS was -$0.62 in Q1 2026, versus -$0.91 in Q4 2025 and -$1.21 in Q3 2025, so while losses narrowed, the company is still not profitable.
Interest and investment income/expense items remain a major drag, with $21.8 million in total other expense in Q1 2026 and $1.82 billion of long-term debt on the balance sheet.
Common equity was negative $77.1 million in Q1 2026, and retained earnings were negative $1.35 billion, highlighting a stressed equity position.
The balance sheet is highly leveraged, with total liabilities of $2.43 billion against total equity and noncontrolling interests of just $530.4 million, leaving limited margin for error.
Over the last year, the company moved from periods of profitability in 2024 to sustained losses in 2025 and Q1 2026, signaling a clear deterioration in earnings trend.

Overall, CODI’s Q1 2026 results suggest a business that is still producing meaningful revenue and operating cash flow, but one that remains burdened by heavy leverage, large intangible assets, and inconsistent earnings. For retail investors, the key questions are whether margins can recover, whether impairment charges will continue, and whether the company can reduce debt without sacrificing too much growth.

08/21/26 12:55 PM ETAI Generated. May Contain Errors.

Compass Diversified Financials - Frequently Asked Questions

According to the most recent income statement we have on file, Compass Diversified's financial year ends in December. Their financial year 2025 ended on December 31, 2025.

Compass Diversified's net income appears to be on a downward trend, with a most recent value of -$293.73 million in 2025, falling from $165.77 million in 2015. The previous period was -$322.77 million in 2024. See Compass Diversified's forecast for analyst expectations on what's next for the company.

Compass Diversified's total operating income in 2025 was $11.11 million, based on the following breakdown:

Total Gross Profit: $814.39 million
Total Operating Expenses: $803.28 million

Over the last 10 years, Compass Diversified's total revenue changed from $727.98 million in 2015 to $1.87 billion in 2025, a change of 157.4%.

Compass Diversified's total liabilities were at $2.47 billion at the end of 2025, a 10.9% decrease from 2024, and a 350.1% increase since 2015.

In the past 10 years, Compass Diversified's cash and equivalents has ranged from $39.77 million in 2016 to $446.62 million in 2023, and is currently $68.02 million as of their latest financial filing in 2025.

Over the last 10 years, Compass Diversified's book value per share changed from 15.23 in 2015 to -0.48 in 2025, a change of -103.1%.

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Financial statements for NYSE:CODI last updated on 8/10/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.

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Compass Diversified (CODI) Financials

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Compass Diversified (CODI) Financials

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