CODI Financials Compass Diversified Holdings

15 years of revenue, profit, cash flow and balance-sheet history through FY2025, from SEC filings — with a computed, factual read of the trend. Updated 34 d ago Overview →

Growth & profitability

Revenue has grown 5.3% per year over the past 5 years.
Operating margin has contracted, at 0.6% in the latest year.

Financial health

Total debt ($1.9B) exceeds cash ($68M); net debt is $1.8B.
Total debt has grown faster than revenue (15.9% vs 5.3% per year).
Operating income covered interest expense 0.1× in the latest year, down from 1.7× 5 years ago.
Total debt is 12× EBITDA.
The company is unprofitable; at its current free-cash-flow burn it has roughly 1.3 years of cash runway.

Revenue & net income

RevenueNet income

Margins (gross / operating / net)

GrossOperatingNet

Return on equity & assets (ROE / ROA)

ROEROA

Free cash flow (CFO − capex)

Free cash flow

Cash vs total debt

CashTotal debt

Cash flow: operating / investing / financing

OperatingInvestingFinancing

Key annual figures

FY	Revenue	Net income	Gross M	Op M	ROE	ROA	FCF	Total debt	Cash
2025	$1.9B	-$226M	43.5%	0.6%	-51.2%	-7.4%	-$51M	$1.9B	$68M
2024	$1.8B	-$209M	42.0%	-0.8%	-30.8%	-6.3%	-$208M	$1.8B	$60M
2023	$1.7B	$109M	39.9%	-4.1%	11.7%	3.3%	-$38M	$1.7B	$447M
2022	$1.8B	-$59M	37.0%	2.5%	-6.7%	-1.7%	-$107M	$1.8B	$53M
2021	$1.7B	$127M	38.4%	7.1%	11.4%	4.0%	$101M	$1.3B	$161M
2020	$1.4B	$23M	36.9%	5.4%	2.1%	0.9%	$119M	$899M	$60M
2019	$1.3B	$302M	36.2%	2.1%	27.1%	16.0%	$58M	$394M	$100M
2018	$1.4B	-$6M	34.6%	4.2%	-0.7%	-0.2%	$73M	$1.1B	$49M
2017	$1.0B	$28M	36.0%	2.4%	3.2%	1.5%	$43M	$590M	$36M
2016	$730M	$55M	33.7%	1.5%	6.4%	3.1%	$96M	$557M	$40M
2015	—	$162M	—	—	19.6%	11.4%	$69M	$320M	$86M
2014	—	$279M	—	—	36.3%	18.0%	$61M	$489M	$24M
2013	—	$68M	—	—	14.4%	6.5%	$53M	$283M	$113M
2012	—	-$4M	—	—	-1.0%	-0.4%	$34M	$270M	$18M
2011	—	$65M	—	—	13.1%	6.3%	$70M	$216M	$132M

Revenue & net income

RevenueNet income

Margins (gross / operating / net)

GrossOperatingNet

Return on equity & assets (ROE / ROA)

ROEROA

Free cash flow (CFO − capex, quarterly)

Free cash flow

Cash vs total debt

CashTotal debt

Cash flow: operating / investing / financing

OperatingInvestingFinancing

Key quarterly figures

Quarter	Revenue	Net income	Gross M	Op M	ROE	ROA	FCF	Total debt	Cash
Jun '26	$424M	$81M	47.2%	6.8%	17.2%	2.9%	$23M	$1.6B	$87M
Mar '26	$427M	-$31M	44.4%	-0.5%	-7.7%	-1.0%	$19M	$1.9B	$61M
Dec '25	$469M	-$71M	43.1%	9.8%	-16.1%	-2.3%	$37M	$1.9B	$68M
Sep '25	$473M	-$74M	44.0%	-2.3%	-14.3%	-2.3%	$481000	$1.9B	$61M
Jun '25	$479M	-$51M	43.6%	-5.7%	-8.5%	-1.6%	-$46M	$1.9B	$74M
Mar '25	$454M	-$30M	43.2%	0.8%	-4.4%	-0.9%	-$42M	$1.9B	$146M
Dec '24	$494M	-$44M	38.6%	-3.8%	-6.4%	-1.3%	-$39M	$1.8B	$60M
Sep '24	$457M	-$36M	43.1%	1.8%	-5.4%	-1.1%	-$63M	$1.8B	$65M
Jun '24	$427M	-$73M	44.1%	1.8%	-10.3%	-2.3%	-$72M	$1.7B	$61M
Mar '24	$411M	-$56M	42.6%	-2.9%	-7.0%	-1.7%	-$33M	$1.7B	$60M
Dec '23	$451M	$98M	39.6%	-12.8%	10.5%	2.9%	$5M	$1.7B	$447M
Sep '23	$427M	-$55M	39.4%	-5.8%	-7.0%	-1.6%	$10M	$1.8B	$57M
Jun '23	$405M	-$15M	41.3%	2.1%	-1.7%	-0.4%	$8M	$1.8B	$59M
Mar '23	$484M	$105M	42.4%	7.1%	11.3%	3.1%	$648000	$1.7B	$46M
Dec '22	$455M	-$48M	36.2%	-4.9%	-5.5%	-1.4%	$4M	$1.8B	$53M
Sep '22	$474M	-$20M	36.5%	3.8%	-2.1%	-0.6%	-$25M	$1.8B	$51M
Jun '22	$427M	$10M	38.7%	7.5%	1.1%	0.4%	-$18M	$1.3B	$94M
Mar '22	$400M	-$2M	36.6%	4.1%	-0.2%	-0.1%	-$50M	$1.3B	$87M
Dec '21	$560M	$22M	38.1%	7.1%	2.0%	0.7%	-$26M	$1.3B	$161M
Sep '21	$488M	$88M	39.4%	8.6%	8.5%	3.1%	$26M	$1.1B	$70M

Valuation over time

How the market has priced CODI against its own fundamentals since 2023-03 — each month-end's share price set against the most recent annual filing, so the multiple moves as price runs ahead of (or behind) earnings. Split-adjusted.

The price-to-earnings ratio has risen from 15.3× (Jan '24) to 16.4× (Nov '24).
The price-to-sales ratio has fallen from 0.8× (Mar '23) to 0.5× (Sep '26).

Price / earnings (P/E)

P/E

Price / sales (P/S)

P/S

Frequently asked questions

Is CODI growing its revenue and profit?

Over the past 5 years, Compass Diversified Holdings's revenue has grown 5.3% per year. These are computed facts, not advice.

How much debt does CODI have?

As of FY2025, Compass Diversified Holdings reported $1.9B of total debt against $68M of cash; operating income covered interest expense 0.1×.

What is CODI's profit margin?

In FY2025, gross margin was 43.5%, operating margin 0.6%, and net margin -12.1%.

What is CODI's P/E ratio?

As of Sep '26, Compass Diversified Holdings traded at a price-to-earnings ratio of about 16.4× (market cap ÷ latest annual net income). The valuation charts above show how its P/E, P/S have moved with the share price. These are computed facts, not advice.

Where does this data come from?

All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.

Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.