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Compass Diversified

Compass Diversified

NYSE•CODI
CEO: Mr. Elias Joseph Sabo
Sector: Industrials
Industry: Conglomerates
Listing Date: 2006-05-18
Compass Diversified is a private equity firm specializing in add on acquisitions, buyouts, industry consolidation, recapitalization, late stage, and middle market investments. It seeks to invest in leading industrial or branded consumer companies, textiles, Apparel and Luxury goods, trading companies and distributors, manufacturing, distribution, consumer discretionary, commercial services and supplies, consumer products, capital good, Leisure Product, consumer service, consumer staples, household durables, business services sector, infrastructure healthcare, safety & security, electronic components, food, and foodservice. The firm prefers to invest in companies based in North America. It seeks to invest between $80 million to$800 million and EBITDA starting from $10 million per annum. It seeks to acquire controlling ownership interests in its portfolio companies and can make additional platform acquisitions. The firm prefer to have controlled and majority stake in companies. The firm invests through its balance sheet and typically holds investments between five to seven years. Compass Diversified was founded in 2006 and is based in Westport, Connecticut with an additional office in Costa Mesa, California.
Contact Information
301 Riverside Avenue, 2nd Floor, Westport, CT, 06880, United States
203-221-1703
www.compassdiversified.com
Market Cap
$398.75M
P/E (TTM)
-8.4
28.5
Dividend Yield
9.4%
52W High
$22.21
52W Low
$4.58
52W Range
4%
Rank59Top 87.6%
2.2
F-Score
Modified Piotroski Analysis
Based on 10-year fundamentals
Weak • 2.2 / 9 points
Scoring Range (0-9)
8-9: Excellent Value
6-7: Strong Fundamentals
4-5: Average Quality
0-3: Weak Performance
Data Period: 2016-2025

Financial Dashboard

Q2 2025 Data

Revenue

$478.69M-11.78%
4-Quarter Trend

EPS

-$0.88+95.56%
4-Quarter Trend

FCF

-$10.88M-76.52%
4-Quarter Trend

2025 Q2 Earnings Highlights

Key Highlights

Revenue Increased 12.2% Net revenues reached $478.690M, marking a 12.2% increase versus $426.705M reported previously.
Loss Attributable Significantly Improved Net loss attributable to Holdings narrowed to $(51.217)M from $(73.052)M, reflecting operational gains.
Lugano Impairment Recorded Reported $31.515M impairment expense due to testing long-lived assets at Lugano following investigation findings.
Operating Cash Use Decreased Cash used in operating activities totaled $(64.508)M for six months, improving usage compared to prior year.

Risk Factors

Going Concern Substantial Doubt Management concluded substantial doubt remains regarding ability to continue as going concern within one year.
Multiple Debt Covenant Breaches Company required several forbearance agreements to waive defaults related to the 2022 Credit Facility covenants.
Lugano Investigation Costs Ongoing litigation and restatement efforts related to Lugano resulted in significant accounting and legal expenses.
ATM Programs Currently Suspended Common and preferred at-the-market equity offering programs were suspended due to the Lugano Investigation.

Outlook

Credit Facility Covenants Reset Entered Fifth Amendment, waiving existing defaults and resetting financial covenants until March 31, 2026 testing.
Lugano Operations Deconsolidated Lugano filed Chapter 11 in November 2025; its financial results are now deconsolidated from Company statements.
Focus on Liquidity and Leverage Management pursuing subsidiary divestitures and maximizing recoveries from Lugano Chapter 11 proceedings.
2025 Capital Expenditure Forecast Expect capital expenditures for the full year 2025 to be between approximately $50M and $60M USD.

Peer Comparison

Revenue (TTM)

Forward Air CorporationFWRD
$2.50B
+14.5%
Compass DiversifiedCODI
$2.06B
-2.2%
Quanex Building Products CorporationNX
$1.84B
+43.8%

Gross Margin (Latest Quarter)

Compass DiversifiedCODI
43.6%
-4.2pp
Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y AgropecuariaCRESY
35.8%
+6.7pp
Matthews International CorporationMATW
35.2%
+8.9pp

Key Metrics

Symbol
Market Cap
P/E (TTM)
ROE (TTM)
Debt to Assets
MATW$869.98M-35.9-5.4%42.0%
FWRD$857.37M-7.3-71.5%16.9%
NX$812.02M-3.7-25.8%43.4%

Long-Term Trends

Last 4 Quarters
Revenue
Net Income
Operating Cash Flow
4Q Revenue CAGR
-6.3%
Growth Under Pressure
4Q Net Income CAGR
N/M
Profitability Shift
Cash Flow Stability
25%
Cash Flow Needs Attention

Research & Insights

Next earnings:Jan 14, 2026
|
EPS:$0.70
|
Revenue:$491.80M
Reports
All Years
  • Form 10-Q - Q2 2025

    Period End: Jun 30, 2025|Filed: Dec 29, 2025|
    Revenue: $478.69M-11.8%
    |
    EPS: $-0.88+95.6%
    Miss
  • Form 10-Q - Q1 2025

    Period End: Mar 31, 2025|Filed: Dec 18, 2025|
    Revenue: $453.78M-13.5%
    |
    EPS: $-0.59-33.7%
    Miss
  • Form 10-K - FY 2024

    Period End: Dec 31, 2024|Filed: Feb 27, 2025|
    Revenue: $2.20B+11.9%
    |
    EPS: $0.23-90.6%
    Miss
  • Form 10-Q - Q3 2024

    Period End: Sep 30, 2024|Filed: Oct 30, 2024|
    Revenue: $582.62M+2.3%
    |
    EPS: $0.08-123.6%
    Miss
  • Form 10-Q - Q2 2024

    Period End: Jun 30, 2024|Filed: Jul 31, 2024|
    Revenue: $542.60M+3.5%
    |
    EPS: $-0.45+28.6%
    Miss
  • Form 10-Q - Q1 2024

    Period End: Mar 31, 2024|Filed: May 1, 2024|
    Revenue: $524.29M-3.3%
    |
    EPS: $-0.89-169.0%
    Miss
  • Form 10-K - FY 2023

    Period End: Dec 31, 2023|Filed: Feb 28, 2024|
    Revenue: $1.97B-2.2%
    |
    EPS: $2.46+1394.7%
    Beat
  • Form 10-Q - Q3 2023

    Period End: Sep 30, 2023|Filed: Nov 2, 2023|
    Revenue: $569.57M-4.7%
    |
    EPS: $-0.33+57.1%
    Miss