Compass Diversified HoldingsCODIEarnings & Financial Report
Compass Diversified Holdings is a publicly traded holding firm that acquires and operates a diverse portfolio of middle-market businesses across sectors including consumer goods, industrial manufacturing, outdoor recreation, and food & beverage. It partners with portfolio company leadership teams to drive long-term operational growth and value creation, primarily serving North American markets.
Revenue
$426.7M
Gross Profit
$188.2M
Operating Profit
$7.5M
Net Profit
$-73.1M
Gross Margin
44.1%
Operating Margin
1.8%
Net Margin
-17.1%
YoY Growth
5.2%
EPS
$-1.12
Compass Diversified Holdings Q2 FY2024 Financial Summary
Compass Diversified Holdings reported revenue of $426.7M (up 5.2% YoY) for Q2 FY2024, with a net profit of $-73.1M (down 390.1% YoY) (-17.1% margin). Cost of goods sold was $238.5M, operating expenses totaled $180.7M.
Key Financial Metrics
| Total Revenue | $426.7M |
|---|---|
| Net Profit | $-73.1M |
| Gross Margin | 44.1% |
| Operating Margin | 1.8% |
| Report Period | Q2 FY2024 |
Revenue Breakdown
Compass Diversified Holdings Q2 FY2024 revenue of $426.7M breaks down across 12 segments, led by Lugano at $98.4M (23.1% of total).
| Segment | Revenue | % of Total |
|---|---|---|
| Lugano | $98.4M | 23.1% |
| A5.11Tactical | $97.5M | 22.8% |
| Altor | $45.6M | 10.7% |
| Arnold Magnetics | $43.2M | 10.1% |
| Arnold | $30.0M | 7.0% |
| Ergobaby | $28.6M | 6.7% |
| The Honey Pot | $24.2M | 5.7% |
| Other | $17.3M | 4.1% |
| Velocity Outdoor | $16.9M | 4.0% |
| BOA | $13.3M | 3.1% |
| Ergo | $10.5M | 2.5% |
| Primaloft | $1.4M | 0.3% |
Compass Diversified Holdings Revenue by Segment — Quarterly Trend
Compass Diversified Holdings revenue by segment across the last 4 reported quarters, showing how each business line (such as Lugano and A5.11Tactical) has evolved quarter over quarter.
| Segment | Q4 FY2025 | Q3 FY2025 | Q2 FY2025 | Q1 FY2025 |
|---|---|---|---|---|
| Lugano | $8.3M | $16.2M | $25.4M | — |
| A5.11Tactical | $113.9M | $109.0M | $104.8M | $104.8M |
| Altor | $60.8M | $75.8M | $78.2M | $70.6M |
| Arnold | $25.4M | $23.8M | $25.8M | — |
Compass Diversified Holdings Annual Revenue by Year
Compass Diversified Holdings annual revenue history includes year-by-year totals (for example, 2025 revenue was $1.9B).
| Year | Annual Revenue |
|---|---|
| 2025 | $1.9B |
| 2024 | $1.8B |
| 2023 | $1.7B |
| 2022 | $1.8B |
Compass Diversified Holdings Quarterly Revenue & Net Profit History
Compass Diversified Holdings results over the last 8 reported quarters, including revenue, net profit and year-over-year growth.
| Quarter | Revenue | Revenue YoY | Net Profit | Net Margin |
|---|---|---|---|---|
| Q4 FY2025 | $468.6M | -5.1% | $-78.8M | -16.8% |
| Q3 FY2025 | $472.6M | +3.5% | $-74.0M | -15.7% |
| Q2 FY2025 | $478.7M | +12.2% | $-51.2M | -10.7% |
| Q1 FY2025 | $453.8M | +10.5% | $-30.0M | -6.6% |
| Q4 FY2024 | $493.9M | +9.4% | $-68.9M | -13.9% |
| Q3 FY2024 | $456.6M | +6.9% | $-36.0M | -7.9% |
| Q2 FY2024 | $426.7M | +5.2% | $-73.1M | -17.1% |
| Q1 FY2024 | $410.8M | +1.2% | $-56.2M | -13.7% |
Income Statement
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $410.8M | $426.7M | $456.6M | $493.9M | $453.8M | $478.7M | $472.6M | $468.6M |
| YoY Growth | 1.2% | 5.2% | 6.9% | 9.4% | 10.5% | 12.2% | 3.5% | -5.1% |
Balance Sheet
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $3.29B | $3.23B | $3.27B | $3.30B | $3.37B | $3.27B | $3.25B | $3.04B |
| Liabilities | $2.55B | $2.61B | $2.71B | $2.77B | $2.85B | $2.86B | $2.93B | $2.47B |
| Equity | $799.7M | $711.3M | $672.2M | $678.6M | $680.7M | $601.9M | $519.2M | $442.0M |
Cash Flow
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Operating CF | $-25.4M | $-61.3M | $-48.4M | $-16.1M | $-29.3M | $-35.2M | $10.7M | $47.0M |