Compass Diversified Financials
This page shows Compass Diversified (CODI) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 16 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Financial Health Signals
Based on FY2024 annual data. Scores normalized against common benchmarks. How we calculate these scores
Compass Diversified has an operating margin of -0.8%, meaning the company retains $-1 of operating profit per $100 of revenue. This below-average margin results in a low score of 0/100, suggesting thin profitability after operating expenses. This is up from -4.1% the prior year.
Compass Diversified's revenue grew 5.8% year-over-year to $1.8B, a solid pace of expansion. This earns a growth score of 45/100.
Compass Diversified carries a low D/E ratio of 0.00, meaning only $0.00 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 100/100, indicating a strong balance sheet with room for future borrowing.
Compass Diversified's current ratio of 0.40 means current assets barely cover short-term liabilities. This tight liquidity results in a low score of 0/100, which could limit financial flexibility.
While Compass Diversified generated -$151.1M in operating cash flow, capex of $56.7M consumed most of it, leaving -$207.8M in free cash flow. This results in a low score of 0/100, reflecting heavy capital investment rather than weak cash generation.
Compass Diversified passes 4 of 9 financial strength tests. 1 of 4 profitability signals pass, 1 of 3 leverage/liquidity signals pass, both operating efficiency signals pass.
For every $1 of reported earnings, Compass Diversified generates $0.72 in operating cash flow (-$151.1M OCF vs -$208.9M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.
Compass Diversified earns $-0.1 in operating income for every $1 of interest expense (-$14.9M vs $122.8M). This narrow margin raises concern about the company's ability to service its debt if operating income declines.
Key Financial Metrics
Compass Diversified generated $1.8B in revenue in fiscal year 2024. This represents an increase of 5.8% from the prior year.
Compass Diversified's EBITDA was $127.9M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 99.3% from the prior year.
Compass Diversified generated -$207.8M in free cash flow in fiscal year 2024, representing cash available after capex. This represents a decrease of 441.5% from the prior year.
Compass Diversified reported -$208.9M in net income in fiscal year 2024. This represents a decrease of 292.2% from the prior year.
Compass Diversified earned $-3.83 per diluted share (EPS) in fiscal year 2024. This represents a decrease of 647.1% from the prior year.
Compass Diversified held $59.7M in cash against $0 in long-term debt as of fiscal year 2024.
Compass Diversified paid $1.00 per share in dividends in fiscal year 2024. This represents an increase of 0.0% from the prior year.
Compass Diversified had 75M shares outstanding in fiscal year 2024. This represents a decrease of 0.0% from the prior year.
Compass Diversified's gross margin was 42.0% in fiscal year 2024, indicating the percentage of revenue retained after direct costs. This is up 2.0 percentage points from the prior year.
Compass Diversified's operating margin was -0.8% in fiscal year 2024, reflecting core business profitability. This is up 3.3 percentage points from the prior year.
Compass Diversified's net profit margin was -11.7% in fiscal year 2024, showing the share of revenue converted to profit. This is down 18.1 percentage points from the prior year.
Compass Diversified invested $16.9M in research and development in fiscal year 2024. This represents an increase of 21.6% from the prior year.
Compass Diversified spent $9.6M on share buybacks in fiscal year 2024, returning capital to shareholders by reducing shares outstanding. This represents an increase of 2.5% from the prior year.
Compass Diversified invested $56.7M in capex in fiscal year 2024, funding long-term assets and infrastructure. This represents an increase of 3.1% from the prior year.
CODI Income Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $472.6M-1.3% | $478.7M+5.5% | $453.8M-8.1% | $493.9M+9.4% | $451.3M+5.7% | $427.1M+5.3% | $405.5M-0.1% | $406.1M |
| Cost of Revenue | $264.8M-2.0% | $270.1M+4.8% | $257.7M-15.0% | $303.3M+11.2% | $272.7M+5.3% | $259.0M+8.9% | $237.9M-3.1% | $245.6M |
| Gross Profit | $207.7M-0.4% | $208.5M+6.4% | $196.0M+2.8% | $190.6M+6.8% | $178.6M+6.2% | $168.1M+0.3% | $167.6M+4.4% | $160.5M |
| R&D Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A Expenses | $179.3M+10.6% | $162.1M+7.8% | $150.4M-9.6% | $166.3M+18.1% | $140.8M+16.2% | $121.2M-0.2% | $121.5M+2.5% | $118.5M |
| Operating Income | -$11.1M+59.4% | -$27.2M-891.6% | $3.4M+118.5% | -$18.6M+68.0% | -$58.0M-132.5% | -$24.9M-390.8% | $8.6M+74.3% | $4.9M |
| Interest Expense | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Income Tax | $5.8M-66.8% | $17.4M+583.9% | $2.5M+188.6% | -$2.9M-240.7% | $2.0M+578.3% | $300K-83.1% | $1.8M-56.6% | $4.1M |
| Net Income | -$74.0M-44.5% | -$51.2M-70.8% | -$30.0M+31.2% | -$43.6M-144.5% | $98.0M+279.3% | -$54.7M-266.7% | -$14.9M-118.6% | $80.2M |
| EPS (Diluted) | $-1.21-37.5% | $-0.88-49.2% | $-0.59+20.3% | $-0.74-161.7% | $1.20+230.4% | $-0.92-27.8% | $-0.72-175.0% | $0.96 |
CODI Balance Sheet
| Metric | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $3.2B-0.8% | $3.3B-2.7% | $3.4B+2.1% | $3.3B-0.8% | $3.3B-0.7% | $3.3B-0.8% | $3.4B0.0% | $3.4B |
| Current Assets | $1.0B-1.8% | $1.0B-3.3% | $1.1B+10.4% | $964.8M-24.0% | $1.3B+25.6% | $1.0B+2.4% | $987.0M-0.1% | $988.5M |
| Cash & Equivalents | $61.1M-17.1% | $73.8M-49.6% | $146.2M+145.1% | $59.7M-86.6% | $446.6M+686.4% | $56.8M-3.5% | $58.9M+28.3% | $45.9M |
| Inventory | $602.2M-0.5% | $605.5M+1.1% | $598.8M+4.8% | $571.2M+9.3% | $522.5M-8.5% | $571.2M-3.5% | $592.1M+1.8% | $581.6M |
| Accounts Receivable | $224.7M+3.8% | $216.4M+10.2% | $196.4M-5.2% | $207.2M+11.8% | $185.2M-10.2% | $206.4M+15.3% | $179.0M-5.3% | $189.1M |
| Goodwill | $895.4M0.0% | $895.4M0.0% | $895.4M-0.1% | $895.9M+15.8% | $773.6M-6.8% | $830.4M-3.8% | $863.0M-0.1% | $863.8M |
| Total Liabilities | $2.9B+2.3% | $2.9B+0.4% | $2.9B+3.1% | $2.8B+12.1% | $2.5B-3.4% | $2.6B+3.0% | $2.5B+3.1% | $2.4B |
| Current Liabilities | $2.6B+2.4% | $2.5B+0.1% | $2.5B+4.3% | $2.4B+12.6% | $2.2B-5.5% | $2.3B+3.3% | $2.2B+380.3% | $460.8M |
| Long-Term Debt | $0 | $0 | $0 | $0 | $0 | $0 | $0-100.0% | $1.7B |
| Total Equity | $519.2M-13.7% | $601.9M-11.6% | $680.7M+0.3% | $678.6M-27.0% | $929.7M+18.9% | $782.1M-9.4% | $863.7M-7.2% | $930.4M |
| Retained Earnings | -$1.2B-7.3% | -$1.1B-7.5% | -$1.1B-5.7% | -$1.0B-55.5% | -$646.2M+10.3% | -$720.2M-12.3% | -$641.6M-11.4% | -$576.2M |
CODI Cash Flow Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $10.7M+130.4% | -$35.2M-19.8% | -$29.3M-82.2% | -$16.1M-544.3% | $3.6M+404.9% | -$1.2M-109.0% | $13.2M+1258.4% | $974K |
| Capital Expenditures | $10.2M-6.3% | $10.9M-16.9% | $13.1M-42.7% | $22.9M+35.6% | $16.9M+71.6% | $9.8M-27.0% | $13.5M-9.5% | $14.9M |
| Free Cash Flow | $481K+101.0% | -$46.0M-8.5% | -$42.4M-8.9% | -$39.0M-194.4% | -$13.2M-20.2% | -$11.0M-4795.6% | -$225K+98.4% | -$13.9M |
| Investing Cash Flow | -$10.9M-17.6% | -$9.3M+28.3% | -$12.9M+81.6% | -$70.2M-115.1% | $466.2M+3543.7% | -$13.5M+63.3% | -$36.9M-123.8% | $154.7M |
| Financing Cash Flow | -$12.3M+58.7% | -$29.9M-123.3% | $128.2M+69.2% | $75.8M+189.5% | -$84.7M-772.9% | $12.6M-66.2% | $37.3M+122.8% | -$163.9M |
| Dividends Paid | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | $0 | $0 | $0-100.0% | $9.6M+390.8% | $1.9M+27.2% | $1.5M-19.4% | $1.9M-51.9% | $4.0M |
CODI Financial Ratios
| Metric | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 44.0%+0.4pp | 43.6%+0.4pp | 43.2%+4.6pp | 38.6%-1.0pp | 39.6%+0.2pp | 39.4%-2.0pp | 41.3%+1.8pp | 39.5% |
| Operating Margin | -2.3%+3.4pp | -5.7%-6.5pp | 0.8%+4.5pp | -3.8%+9.1pp | -12.8%-7.0pp | -5.8%-8.0pp | 2.1%+0.9pp | 1.2% |
| Net Margin | -15.7%-5.0pp | -10.7%-4.1pp | -6.6%+2.2pp | -8.8%-30.6pp | 21.7%+34.5pp | -12.8%-9.1pp | -3.7%-23.4pp | 19.8% |
| Return on Equity | N/A | N/A | N/A | N/A | 10.5% | N/A | N/A | 8.6% |
| Return on Assets | -2.3%-0.7pp | -1.6%-0.7pp | -0.9%+0.4pp | -1.3%-4.3pp | 2.9%+4.6pp | -1.6%-1.2pp | -0.4%-2.8pp | 2.4% |
| Current Ratio | 0.39-0.0 | 0.41-0.0 | 0.42+0.0 | 0.40-0.2 | 0.59+0.1 | 0.440.0 | 0.45-1.7 | 2.15 |
| Debt-to-Equity | 0.000.0 | 0.000.0 | 0.000.0 | 0.000.0 | 0.000.0 | 0.000.0 | 0.00-1.8 | 1.80 |
| FCF Margin | 0.1%+9.7pp | -9.6%-0.3pp | -9.3%-1.5pp | -7.9%-5.0pp | -2.9%-0.3pp | -2.6%-2.5pp | -0.1%+3.4pp | -3.4% |
Note: The current ratio is below 1.0 (0.40), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.
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Frequently Asked Questions
What is Compass Diversified's annual revenue?
Compass Diversified (CODI) reported $1.8B in total revenue for fiscal year 2024. This represents a 5.8% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Compass Diversified's revenue growing?
Compass Diversified (CODI) revenue grew by 5.8% year-over-year, from $1.7B to $1.8B in fiscal year 2024.
Is Compass Diversified profitable?
No, Compass Diversified (CODI) reported a net income of -$208.9M in fiscal year 2024, with a net profit margin of -11.7%.
What is Compass Diversified's earnings per share (EPS)?
Compass Diversified (CODI) reported diluted earnings per share of $-3.83 for fiscal year 2024. This represents a -647.1% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.
What is Compass Diversified's EBITDA?
Compass Diversified (CODI) had EBITDA of $127.9M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Compass Diversified have?
As of fiscal year 2024, Compass Diversified (CODI) had $59.7M in cash and equivalents against $0 in long-term debt.
What is Compass Diversified's gross margin?
Compass Diversified (CODI) had a gross margin of 42.0% in fiscal year 2024, indicating the percentage of revenue retained after direct costs of goods sold.
What is Compass Diversified's operating margin?
Compass Diversified (CODI) had an operating margin of -0.8% in fiscal year 2024, reflecting the profitability of core business operations before interest and taxes.
What is Compass Diversified's net profit margin?
Compass Diversified (CODI) had a net profit margin of -11.7% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.
Does Compass Diversified pay dividends?
Yes, Compass Diversified (CODI) paid $1.00 per share in dividends during fiscal year 2024.
What is Compass Diversified's free cash flow?
Compass Diversified (CODI) generated -$207.8M in free cash flow during fiscal year 2024. This represents a -441.5% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Compass Diversified's operating cash flow?
Compass Diversified (CODI) generated -$151.1M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.
What are Compass Diversified's total assets?
Compass Diversified (CODI) had $3.3B in total assets as of fiscal year 2024, including both current and long-term assets.
What are Compass Diversified's capital expenditures?
Compass Diversified (CODI) invested $56.7M in capital expenditures during fiscal year 2024, funding long-term assets and infrastructure.
How much does Compass Diversified spend on research and development?
Compass Diversified (CODI) invested $16.9M in research and development during fiscal year 2024.
Does Compass Diversified buy back shares?
Yes, Compass Diversified (CODI) spent $9.6M on share buybacks during fiscal year 2024, returning capital to shareholders by reducing shares outstanding.
How many shares does Compass Diversified have outstanding?
Compass Diversified (CODI) had 75M shares outstanding as of fiscal year 2024.
What is Compass Diversified's current ratio?
Compass Diversified (CODI) had a current ratio of 0.40 as of fiscal year 2024, which is below 1.0, which may suggest potential liquidity concerns.
What is Compass Diversified's debt-to-equity ratio?
Compass Diversified (CODI) had a debt-to-equity ratio of 0.00 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Compass Diversified's return on assets (ROA)?
Compass Diversified (CODI) had a return on assets of -6.3% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.
What is Compass Diversified's cash runway?
Based on fiscal year 2024 data, Compass Diversified (CODI) had $59.7M in cash against an annual operating cash burn of $151.1M. This gives an estimated cash runway of approximately 5 months at the current burn rate. Cash runway measures how long a company can continue operating before running out of cash, assuming no additional funding.
What is Compass Diversified's Piotroski F-Score?
Compass Diversified (CODI) has a Piotroski F-Score of 4 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Compass Diversified's earnings high quality?
Compass Diversified (CODI) has an earnings quality ratio of 0.72x, considered low quality (accrual-driven). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
Can Compass Diversified cover its interest payments?
Compass Diversified (CODI) has an interest coverage ratio of -0.1x, meaning it can struggle to cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.
How financially healthy is Compass Diversified?
Compass Diversified (CODI) scores 29 out of 100 on our Financial Profile, indicating weak overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.