Compass Diversified Holdings (CODI) financial statements
Compass Diversified Holdings reported revenue of $1.9B in fiscal 2025, up 7.5% a year over 9 years.
Net income was -$226M and the operating margin 0.6%, against 1.9% in 2016.
Free cash flow was -$51M.
The diluted share count rose 38% over the period (dilution).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from Compass Diversified Holdings's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $978M | $1.0B | $1.4B | $1.3B | $1.4B | $1.7B | $1.8B | $1.7B | $1.8B | $1.9B |
| Cost of revenue | $652M | $641M | $887M | $806M | $914M | $1.1B | $1.1B | $1.0B | $1.0B | $1.1B |
| Gross profit | $327M | $361M | $470M | $457M | $534M | $662M | $649M | $675M | $750M | $814M |
| Research and development | $2M | $1M | $1M | $800,000 | $3M | $11M | $12M | $14M | $17M | $17M |
| Selling, general and admin | $218M | $262M | $320M | $308M | $360M | $418M | $442M | $502M | $588M | $661M |
| Operating income | $19M | $25M | $57M | $26M | $78M | $123M | $44M | -$69M | -$15M | $11M |
| Interest expense | $25M | $27M | $55M | $58M | $46M | $59M | $85M | $110M | $123M | $175M |
| Pre-tax income | $63M | -$10M | -$8M | -$60M | $27M | $27M | -$114M | -$266M | -$309M | -$298M |
| Income tax | $9M | -$24M | $10M | $10M | $14M | $15M | $29M | $8M | $19M | -$945,000 |
| Net income | $55M | $28M | -$6M | $302M | $23M | $115M | -$59M | $109M | -$209M | -$226M |
| EPS (diluted) | $0.51 | -$0.44 | -$0.42 | $3.64 | -$0.34 | $0.73 | -$1.37 | $0.70 | -$3.83 | -$3.59 |
| Diluted shares | 55M | 60M | 60M | 60M | 63M | 65M | 71M | 72M | 75M | 75M |
| Gross margin | 33.4% | 36.0% | 34.6% | 36.2% | 36.9% | 38.4% | 37.0% | 39.9% | 42.0% | 43.5% |
| Operating margin | 1.9% | 2.4% | 4.2% | 2.1% | 5.4% | 7.1% | 2.5% | -4.1% | -0.8% | 0.6% |
| Net margin | 5.6% | 2.8% | -0.4% | 23.9% | 1.6% | 6.6% | -3.4% | 6.4% | -11.7% | -12.1% |
Balance sheet
Fiscal years, from Compass Diversified Holdings's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $40M | $40M | $49M | $100M | $60M | $161M | $53M | $447M | $60M | $68M |
| Receivables | $181M | $215M | $206M | $191M | $207M | $278M | $204M | $185M | $207M | $203M |
| Inventory | $213M | $247M | $307M | $317M | $351M | $566M | $561M | $523M | $571M | $404M |
| Total current assets | $453M | $527M | $681M | $644M | $708M | $1.1B | $1.0B | $1.3B | $965M | $845M |
| Property, plant and equipment | $142M | $173M | $147M | $146M | $154M | $186M | $183M | $191M | $245M | $210M |
| Goodwill | $492M | $372M | $471M | $339M | $733M | $586M | $864M | $774M | $896M | $895M |
| Total assets | $1.8B | $1.8B | $2.4B | $1.9B | $2.6B | $3.1B | $3.5B | $3.3B | $3.3B | $3.0B |
| Total current liabilities | $203M | $212M | $259M | $209M | $295M | $362M | $457M | $2.2B | $2.4B | $350M |
| Long-term debt | $552M | $584M | $1.1B | $394M | $899M | $1.3B | $1.8B | $0 | $0 | $1.8B |
| Total liabilities | $883M | $894M | $1.5B | $726M | $1.4B | $1.9B | $2.6B | $2.5B | $2.8B | $2.5B |
| Shareholders' equity | $856M | $873M | $859M | $1.1B | $1.1B | $1.1B | $878M | $930M | $679M | $442M |
| Net debt | $518M | $550M | $1.1B | $294M | $839M | $1.1B | $1.8B | -$437M | $1.7B | $1.8B |
Cash flow
Fiscal years, from Compass Diversified Holdings's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $111M | $82M | $114M | $85M | $149M | $134M | -$47M | $17M | -$151M | -$7M |
| Capital spending | $24M | $38M | $41M | $27M | $29M | $33M | $60M | $55M | $57M | $44M |
| Free cash flow | $87M | $43M | $73M | $58M | $119M | $101M | -$107M | -$38M | -$208M | -$51M |
| Stock-based compensation | $4M | $4M | $7M | $6M | $9M | $10M | $10M | $10M | $16M | $16M |
| Share buybacks (net) | — | — | — | — | — | $0 | $0 | -$9M | -$10M | $0 |
| Free cash flow margin | 8.9% | 4.3% | 5.4% | 4.6% | 8.2% | 5.9% | -6.1% | -2.3% | -11.6% | -2.7% |
Questions
What was Compass Diversified Holdings's revenue in 2025?
$1.9B in fiscal 2025, from its 10-K filing.
How much free cash flow does Compass Diversified Holdings generate?
-$51M in fiscal 2025 (operating cash flow minus capital spending).
From Compass Diversified Holdings's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.