D/B/A Compass Diversified Holdings: financial statements

CODINYSEConsumer cyclical · Household Furniture

Price

$11.64

November 13, 2026Market cap $876M

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The full history: 17 fiscal years, from 2009
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Financial statements

Each fiscal year's income statement, balance sheet and cash flow as the company filed them, and the latest quarters.

2023–2025 fiscal years

Click a line to see it on the chart.

Revenue

+5.3% a year over 2 years

Line	2023	2024	2025	Average a year
Revenue	$1.7B	$1.8B	$1.9B	+5.3%
Cost of revenue	$1.0B	$1.0B	$1.1B	+2.1%
Gross profit	$675M	$750M	$814M	+9.9%
Operating income	-$69M	-$15M	$11M
Net income	$109M	-$209M	-$226M
Earnings per share	$0.70	-$3.83	-$3.59
Earnings per share, basic	$0.70	-$3.83	–
Margins
Gross margin	39.9%	42.0%	43.5%
Operating margin	-4.1%	-0.8%	0.6%
Net margin	6.4%	-11.7%	-12.1%

Financial statements

CODI's revenue, profits and cash flows from 2009 to 2022, 14 more fiscal years

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By segment

Revenue and operating income by business segment or by product, as the company itself reports them in each year's 10-K. Each year from the latest filing that carries it, so a segment renamed or re-cut shows in its current form.

Segment	2023	2024	2025	Share 2025
A5.11Tactical	$533M	$532M	$552M	29%
Sterno Candle Lamp	$324M	$318M	$306M	16%
Altor	$238M	$239M	$303M	16%
Boa	$156M	$191M	$190M	10%
Arnold	$167M	$172M	$151M	8.1%
The Honey Pot	–	$105M	$140M	7.5%
Lugano	$33M	$60M	$79M	4.2%
Prima Loft	$67M	$74M	$77M	4.1%
Velocity Outdoor	$172M	$96M	$76M	4.1%

By segment

CODI's revenue by segment from 2013 to 2022, 10 more fiscal years

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From the XBRL of 12 of the company's annual reports to the SEC (ASC 280). Amounts in dollars.

Amounts are in dollars as the company filed them in its annual reports (10-K or 20-F). Those reporting in another currency are converted at each fiscal year-end rate. Shares and earnings per share are adjusted for splits.

Debt and obligations

What the company owes beyond the loans on its balance sheet, and when it pays, from the notes to its annual report: debt maturities, leases, pension plans, goodwill by segment, and how it gets to the tax it pays.

$553M Due within 2 years$171M Leases80% Pensions funded

When the debt falls due

Dec 31, 2025

Due within 2 years

$553M

Principal of loans and bonds falling due, from the annual report dated December 31, 2025, without leases and interest. The filing

Leases

Dec 31, 2025

Operating leases

$164M

Finance leases

$6.9M

The liability is the present value of the rent still to pay, at December 31, 2025. It is not counted in the ladder's debt. The filing

Pension plans

Dec 31, 2025

Defined-benefit pensions

80%funded

Deficit $3.3M.

The obligation is the present value of the pensions employees have already earned, at December 31, 2025. A deficit is the company's to fill with contributions. The filing

ObligationPlan assets

Goodwill by segment

Dec 31, 2025

Total goodwill

$895M

Boa$254M28%

Goodwill is what the company paid in acquisitions above the value of what it bought, at December 31, 2025. If an acquisition earns less, the goodwill is impaired and earnings fall. The filing

$895MTotal goodwill

From the statutory to the effective tax rate, 2025

Dec 31, 2025

Statutory rate

21.0%

Effective rate

0.3%

-20.7 pts

The company paid 0.3% in tax on its profit, 20.7 points below the US federal rate (21.0%). Below, the reasons it gives.

Statutory rate

21.0%

Change in valuation allowance

-69.0 pts

Difference the filing does not itemize

+48.3 pts

Effective rate

0.3%

One point is 1% of profit before tax. The lines are as the company states them in the notes to its annual report. The filing

Claims ahead of shareholders

What stands between the business and its shareholders besides the debt, and the financial assets on the other side, from the latest balance sheet.

$135M ahead of the shares15% of market value

Besides its $1.7B of debt, $135M of other claims rank ahead of the shares, about 15% of the market value.

Ahead of the shares

at Jun 30, 2026: $135M

From the balance sheet of June 30, 2026. The retirement and environmental lines and the pension deficit come from the latest annual report when the quarter's filing does not state them, each with its own date. Market value at the price of November 13, 2026. A line is listed when it is at least 0.5% of the market value. A description of the balance sheet, not a valuation.

Earnings quality

How the reported earnings were made, read from the filings. A description, not a score: our tests found no link between these measures and later share returns.

Receivables and inventory against sales

In the quarter to Jun 30, 2026, sales were -11.4% on the same quarter a year earlier, and receivables -13.9%. Inventory was -37.9%, against -17.1% for the cost of sales.

a year earlier 41 days: 40 days
a year earlier 202 days: 151 days

Balances at Jun 30, 2026 and Jun 30, 2025, against the sales and cost of sales of the quarter ending on each date; a fourth quarter is the fiscal year less its first nine months. Same quarter against same quarter, so the season is the same.

The earnings per share split is not shown: it needs a profit before tax in both years, since a tax rate on a loss has no meaning as a source.

The allowance for doubtful accounts is not shown: the company does not tag it in its structured filings.

The tax part is not shown: a figure it needs is missing from the company's structured filings.

A reading is called out when it is above the 90th percentile of the same reading across the S&P 500, or, for a fall, below the 10th, as measured on 9 November 2026. Each part uses only the company's own filings.

The full analysis

What do D/B/A Compass Diversified's filings show?

These are D/B/A Compass Diversified's figures from its filings. The full Ploutos AI analysis reads everything the company has filed and shows what stands behind it, with a source for every figure.

A fair value range built from the filings
Earnings quality, debt and red flags
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Questions about CODI's financials

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How much revenue did CODI have in 2025?

D/B/A Compass Diversified had revenue of $1.9B and net income of -$226M in fiscal 2025, a net margin of -12.1%.

How much debt does CODI have?

On December 31, 2025 D/B/A Compass Diversified had total assets of $3.0B, debt of $1.9B and shareholders' equity of $442M.

How much free cash flow does CODI have?

In fiscal 2025 D/B/A Compass Diversified had cash from operations of -$6.8M and spent $44M on capital expenditure, leaving -$51M of free cash flow.

Where are the figures from?

From D/B/A Compass Diversified Holdings's annual and quarterly reports to the SEC, read from the structured data (XBRL) it files itself.

The other pages on US stocks, free to read. On the company pages, the last three fiscal years are open to everyone, five with a free account, and every year with Ploutos Investor.

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The figures come from the company's SEC filings and the share price, and describe what it has reported. They are not a score or a fair value.