A Business at a Glance
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Compass Diversified Holdings
CODI
$633M
Mkt Cap
$10.03
+1.21%
Compass Diversified Holdings (CODI) has a 5-year average return on invested capital (ROIC) of 2.2%. This is below average and may indicate limited pricing power.
Compass Diversified Holdings (CODI) has a market capitalization of $755M. It is classified as a small-cap stock.
Yes, Compass Diversified Holdings (CODI) pays a dividend with a trailing twelve-month yield of 4.99%.
Compass Diversified Holdings (CODI) operates in the Household Furniture industry, within the Consumer Cyclical sector.
Compass Diversified Holdings (CODI) reported annual revenue of $1.9 billion in its most recent fiscal year, based on SEC EDGAR filings.
Compass Diversified Holdings (CODI) has a net profit margin of -12.1%. The company is currently unprofitable.
Compass Diversified Holdings (CODI) generated $-51 million in free cash flow in its most recent fiscal year. Negative free cash flow may indicate heavy investment or operational challenges.
ITEM 1. BUSINESS Compass Diversified Holdings, a Delaware statutory trust, was formed in Delaware on November 18, 2005. Compass Group Diversified Holdings, LLC, a Delaware limited liability company, was also formed on November 18, 2005. The Trust and the LLC were formed to acquire and manage a group of small and middle-market businesses headquartered in North America. The Trust is the sole owner of 100% of the Trust Interests, as defined in our LLC Agreement, of the LLC. Pursuant to the LLC Agreement, the Trust owns an identical number of Trust Interests in the LLC as exist for the number of outstanding shares of the Trust. The Trust was previously treated as a partnership for U.S. federal income tax purposes but elected, effective September 1, 2021, to be taxed as an association taxable as a corporation. The LLC is the operating entity with a board of directors (the "Board") whose corporate governance responsibilities are similar to that of a Delaware corporation.
| Metric | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Revenue | 1.8B | 1.9B | 1.8B | 1.7B | 1.8B | 1.7B |
| Net Income | -227M | -226M | -209M | 109M | -59M | 115M |
| EPS | $-3.02 | $-3.59 | $-3.83 | $1.44 | $-1.37 | $1.77 |
| Free Cash Flow | 10M | -51M | -208M | -38M | -107M | 101M |
| ROIC | 0.2% | - | -0.6% | 4.1% | 1.8% | 3.5% |
| Gross Margin | 43.7% | 43.5% | 42.0% | 39.9% | 37.0% | 38.4% |
| Debt/Equity | 4.64 | 4.72 | 2.99 | 3.86 | 2.29 | 1.16 |
| Dividends/Share | $0.00 | $0.50 | $1.00 | $1.00 | $1.00 | $2.21 |
| Operating Income | 5.7M | - | -15M | -69M | 44M | 123M |
| Operating Margin | 0.3% | - | -0.8% | -4.1% | 2.5% | 7.1% |
| ROE | -56.7% | -40.4% | -26.0% | 12.0% | -6.0% | 10.4% |
| Shares Outstanding | 75M | 63M | 55M | 75M | 43M | 65M |
| Metric | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | |||||||||||||
| Revenue | 637M | 728M | 978M | 1.0B | 1.4B | 1.5B | 1.6B | 1.7B | 1.8B | 1.7B | 1.8B | 1.9B | 1.8B |
| Gross Margin | 32.2% | 33.1% | 33.4% | 36.0% | 34.6% | 31.5% | 34.2% | 38.4% | 37.0% | 39.9% | 42.0% | 43.5% | 43.7% |
| R&D | 9.5M | 2.1M | 1.7M | 1.4M | 1.2M | 800K | 3.0M | 11M | 12M | 14M | 17M | 17M | 17M |
| SG&A | 128M | 136M | 218M | 262M | 320M | 308M | 360M | 418M | 442M | 502M | 588M | 661M | 642M |
| EBIT | 32M | 50M | 19M | 25M | 57M | 26M | 78M | 123M | 44M | -69M | -15M | N/A | 5.7M |
| Op. Margin | 5.0% | 6.9% | 1.9% | 2.4% | 4.2% | 1.8% | 5.0% | 7.1% | 2.5% | -4.1% | -0.8% | N/A | 0.3% |
| Net Income | 279M | 144M | 55M | 28M | -5.7M | 302M | 23M | 115M | -59M | 109M | -209M | -226M | -227M |
| Net Margin | 43.8% | 19.8% | 5.6% | 2.8% | -0.4% | 20.8% | 1.5% | 6.6% | -3.4% | 6.4% | -11.7% | -12.1% | -12.3% |
| Non-Recurring | 0 | 0 | 6.8M | 15M | 0 | 31M | -1.9M | -585K | 26M | 89M | -16M | 0 | 0 |
| Returns on Capital | |||||||||||||
| ROIC | 27.8% | 2.6% | 1.3% | 1.8% | 2.0% | 17.4% | 2.8% | 3.5% | 1.8% | 4.1% | -0.6% | N/A | 0.2% |
| ROE | 44.9% | 18.1% | 6.5% | 3.2% | -0.7% | 30.6% | 2.1% | 10.4% | -6.0% | 12.0% | -26.0% | -40.4% | -56.7% |
| ROA | 21.5% | 9.7% | 3.4% | 1.6% | -0.3% | 14.2% | 1.0% | 4.0% | -1.8% | 3.2% | -6.3% | -7.1% | -7.7% |
| Cash Flow | |||||||||||||
| Op. Cash Flow | 71M | 85M | 111M | 82M | 114M | 85M | 149M | 134M | -47M | 17M | -151M | -6.8M | 46M |
| Free Cash Flow | 61M | 69M | 87M | 43M | 73M | 58M | 119M | 101M | -107M | -38M | -208M | -51M | 10M |
| Owner Earnings | 21M | 22M | 18M | -9.8M | 13M | -8.3M | 36M | 12M | -173M | -126M | -310M | -165M | -109M |
| CapEx | 10M | 16M | 24M | 38M | 41M | 27M | 29M | 33M | 60M | 55M | 57M | 44M | 36M |
| Maint. CapEx | 46M | 59M | 89M | 87M | 95M | 87M | 103M | 112M | 116M | 134M | 143M | 143M | 139M |
| Growth CapEx | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| D&A | 46M | 59M | 89M | 87M | 95M | 87M | 103M | 112M | 116M | 134M | 143M | 143M | 139M |
| CapEx/OCF | 15.3% | 18.5% | 21.5% | 54.7% | 35.8% | 41.3% | 19.4% | 30.3% | N/A | 330.6% | N/A | N/A | 78.2% |
| Capital Allocation | |||||||||||||
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Dividend Yield | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 9.3M | 9.6M | 0 | 0 |
| Buyback Yield | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 0.6% | 0.8% | N/A | 0.0% |
| Stock-Based Comp | 3.8M | 3.2M | 4.4M | 4.5M | 6.7M | 5.8M | 9.0M | 9.8M | 11M | 9.5M | 16M | 16M | 16M |
| Debt Repayment | 426M | 370M | 423M | 229M | 1.2B | 832M | 258M | 864M | 113M | 515M | 475M | 244M | 244M |
| Balance Sheet | |||||||||||||
| Net Debt | 465M | 226M | 518M | 550M | 1.1B | 390M | 839M | 1.1B | 2.0B | 3.1B | 2.0B | 2.0B | 1.8B |
| Cash & Equiv. | 24M | 86M | 40M | 40M | 49M | 100M | 60M | 161M | 53M | 447M | 60M | 68M | 61M |
| Long-Term Debt | 486M | 309M | 552M | 584M | 1.1B | 394M | 899M | 1.3B | 1.8B | 1.7B | 0 | 1.8B | 1.8B |
| Debt/Equity | 0.64 | 0.38 | 0.65 | 0.68 | 1.28 | 0.44 | 0.82 | 1.16 | 2.29 | 3.86 | 2.99 | 4.72 | 4.64 |
| Interest Coverage | 1.2 | 1.9 | 0.8 | 0.9 | 1.0 | 0.4 | 1.7 | 2.1 | 0.5 | -0.6 | -0.1 | N/A | 0.0 |
| Equity | 767M | 826M | 856M | 873M | 859M | 1.1B | 1.1B | 1.1B | 878M | 930M | 679M | 442M | 401M |
| Total Assets | 1.5B | 1.4B | 1.8B | 1.8B | 2.4B | 1.9B | 2.6B | 3.1B | 3.5B | 3.3B | 3.3B | 3.0B | 3.0B |
| Total Liabilities | 739M | 548M | 883M | 894M | 1.5B | 726M | 1.4B | 1.9B | 2.6B | 2.5B | 2.8B | 2.5B | 2.4B |
| Intangibles | 324M | 351M | 539M | 581M | 616M | 562M | 834M | 873M | 891M | 808M | 983M | 893M | 840M |
| Retained Earnings | -55M | 11M | -59M | -145M | -249M | -109M | -211M | -314M | -632M | -646M | -1.0B | -1.3B | -1.3B |
| Working Capital | 180M | 175M | 250M | 315M | 422M | 435M | 414M | 700M | 558M | -892M | -1.5B | 496M | 565M |
| Current Assets | 321M | 291M | 453M | 527M | 681M | 644M | 708M | 1.1B | 1.0B | 1.3B | 965M | 845M | 904M |
| Current Liabilities | 141M | 116M | 203M | 212M | 259M | 209M | 295M | 362M | 457M | 2.2B | 2.4B | 350M | 339M |
| Per Share Data | |||||||||||||
| EPS | 5.38 | 2.61 | 0.51 | 0.47 | -0.10 | 3.64 | 0.35 | 1.77 | -1.37 | 1.44 | -3.83 | -3.59 | -3.02 |
| Owner EPS | 0.40 | 0.40 | 0.17 | -0.16 | 0.21 | -0.10 | 0.56 | 0.19 | -4.00 | -1.68 | -5.69 | -2.62 | -1.44 |
| Book Value | 14.81 | 14.96 | 7.99 | 14.58 | 14.35 | 13.45 | 16.95 | 17.13 | 20.30 | 12.35 | 12.44 | 7.01 | 5.33 |
| Cash Flow/Share | 1.36 | 1.53 | 1.04 | 1.37 | 1.91 | 1.02 | 2.29 | 2.07 | -1.08 | 0.22 | -2.77 | -0.11 | -1.17 |
| Dividends/Share | 1.44 | 1.44 | 1.44 | 1.44 | 1.44 | 1.44 | 1.44 | 2.21 | 1.00 | 1.00 | 1.00 | 0.50 | 0.00 |
| Shares Out. | 51.8M | 55.2M | 107.2M | 59.9M | 59.9M | 82.9M | 64.9M | 64.9M | 43.2M | 75.3M | 54.5M | 63.1M | 75.2M |
| Valuation | |||||||||||||
| P/E Ratio | 1.4 | 3.1 | 19.4 | N/A | N/A | 4.9 | N/A | 34.5 | N/A | 30.1 | N/A | N/A | -3.3 |
| P/FCF | 6.5 | 6.5 | 12.2 | 14.4 | 6.9 | 25.8 | 8.2 | 16.2 | N/A | N/A | N/A | N/A | 74.6 |
| EV/EBIT | 24.8 | 13.0 | 56.9 | 41.9 | 26.8 | 28.0 | 33.1 | 16.9 | 54.5 | N/A | N/A | N/A | 445.0 |
| Price/Book | 0.5 | 0.6 | 0.7 | 0.7 | 0.6 | 1.3 | 0.9 | 1.6 | 0.8 | 1.7 | 1.8 | 0.7 | 1.9 |
| Price/Sales | N/A | 2.9 | 0.6 | 0.5 | 0.5 | 0.7 | 0.7 | 0.8 | 0.5 | 0.8 | 0.7 | 0.4 | 0.4 |
| FCF Yield | 15.3% | 13.6% | 14.5% | 6.9% | 14.6% | 3.9% | 11.4% | 5.5% | -15.6% | -2.4% | -16.9% | -16.6% | 1.3% |
| Market Cap | 397M | 505M | 601M | 624M | 504M | 1.5B | 1.0B | 1.8B | 684M | 1.6B | 1.2B | 308M | 755M |
| Avg. Price | 8.19 | 8.20 | 8.97 | 10.04 | 10.62 | 12.83 | 13.83 | 21.44 | 19.32 | 18.41 | 21.38 | 11.17 | 10.03 |
| Year-End Price | 7.66 | 8.14 | 9.91 | 10.42 | 8.41 | 17.95 | 15.04 | 25.21 | 15.83 | 21.08 | 22.49 | 4.89 | 10.03 |
Compass Diversified Holdings passes 2 of 9 quality checks, indicating weak fundamentals.
The company's 5-year average ROIC is 2.2% with a gross margin of 40.1%. Total shareholder yield (dividends) is 5.0%. At current prices, the estimated annualized return to fair value is -34.0%.
Compass Diversified Holdings (CODI) has a debt-to-equity ratio of 4.72. This indicates higher leverage, which may increase financial risk.
Compass Diversified Holdings (CODI) reported earnings per share (EPS) of $-3.59 in its most recent fiscal year.
Compass Diversified Holdings (CODI) has a return on equity (ROE) of -40.4%. A negative ROE may indicate losses or negative equity.
Compass Diversified Holdings (CODI) has a 5-year average gross margin of 40.1%. This indicates decent pricing power.
The Ledger Terminal provides 15 years of financial data for Compass Diversified Holdings (CODI), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
Compass Diversified Holdings (CODI) has a book value per share of $7.01, based on its most recent annual SEC filing.