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Side-by-side financial comparison of APOGEE ENTERPRISES, INC. (APOG) and Compass Diversified Holdings (CODI). Click either name above to swap in a different company.
Compass Diversified Holdings is the larger business by last-quarter revenue ($468.6M vs $351.4M, roughly 1.3× APOGEE ENTERPRISES, INC.). APOGEE ENTERPRISES, INC. runs the higher net margin — 4.7% vs -16.8%, a 21.5% gap on every dollar of revenue. On growth, APOGEE ENTERPRISES, INC. posted the faster year-over-year revenue change (1.6% vs -5.1%). Over the past eight quarters, Compass Diversified Holdings's revenue compounded faster (6.8% CAGR vs 2.9%).
Apogee Electronics is an American manufacturer of audio interfaces, analog-to-digital and digital-to-analog converters, USB & iOS microphones, and audio production software.
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.
APOG vs CODI — Head-to-Head
Income Statement — Q4 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $351.4M | $468.6M |
| Net Profit | $16.6M | $-78.8M |
| Gross Margin | 22.4% | 43.1% |
| Operating Margin | 7.3% | 9.8% |
| Net Margin | 4.7% | -16.8% |
| Revenue YoY | 1.6% | -5.1% |
| Net Profit YoY | 568.8% | -14.4% |
| EPS (diluted) | $0.78 | $-0.91 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q1 26 | $351.4M | — | ||
| Q4 25 | $348.6M | $468.6M | ||
| Q3 25 | $358.2M | $472.6M | ||
| Q2 25 | $346.6M | $478.7M | ||
| Q1 25 | $345.7M | $453.8M | ||
| Q4 24 | $341.3M | $493.9M | ||
| Q3 24 | $342.4M | $456.6M | ||
| Q2 24 | $331.5M | $426.7M |
| Q1 26 | $16.6M | — | ||
| Q4 25 | $16.5M | $-78.8M | ||
| Q3 25 | $23.6M | $-74.0M | ||
| Q2 25 | $-2.7M | $-51.2M | ||
| Q1 25 | $2.5M | $-30.0M | ||
| Q4 24 | $21.0M | $-68.9M | ||
| Q3 24 | $30.6M | $-36.0M | ||
| Q2 24 | $31.0M | $-73.1M |
| Q1 26 | 22.4% | — | ||
| Q4 25 | 23.8% | 43.1% | ||
| Q3 25 | 23.1% | 44.0% | ||
| Q2 25 | 21.7% | 43.6% | ||
| Q1 25 | 21.6% | 43.2% | ||
| Q4 24 | 26.1% | 38.6% | ||
| Q3 24 | 28.4% | 43.1% | ||
| Q2 24 | 29.8% | 44.1% |
| Q1 26 | 7.3% | — | ||
| Q4 25 | 7.1% | 9.8% | ||
| Q3 25 | 7.5% | -2.3% | ||
| Q2 25 | 2.0% | -5.7% | ||
| Q1 25 | 1.8% | 0.8% | ||
| Q4 24 | 8.4% | -3.8% | ||
| Q3 24 | 12.3% | 1.8% | ||
| Q2 24 | 12.5% | 1.8% |
| Q1 26 | 4.7% | — | ||
| Q4 25 | 4.7% | -16.8% | ||
| Q3 25 | 6.6% | -15.7% | ||
| Q2 25 | -0.8% | -10.7% | ||
| Q1 25 | 0.7% | -6.6% | ||
| Q4 24 | 6.1% | -13.9% | ||
| Q3 24 | 8.9% | -7.9% | ||
| Q2 24 | 9.4% | -17.1% |
| Q1 26 | $0.78 | — | ||
| Q4 25 | $0.77 | $-0.91 | ||
| Q3 25 | $1.10 | $-1.21 | ||
| Q2 25 | $-0.13 | $-0.88 | ||
| Q1 25 | $0.12 | $-0.59 | ||
| Q4 24 | $0.96 | $-0.57 | ||
| Q3 24 | $1.40 | $-0.62 | ||
| Q2 24 | $1.41 | $-1.12 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $39.5M | $68.0M |
| Total DebtLower is stronger | $232.3M | $1.9B |
| Stockholders' EquityBook value | $511.8M | $442.0M |
| Total Assets | $1.1B | $3.0B |
| Debt / EquityLower = less leverage | 0.45× | 4.25× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $39.5M | — | ||
| Q4 25 | $41.3M | $68.0M | ||
| Q3 25 | $39.5M | $61.1M | ||
| Q2 25 | $32.8M | $73.8M | ||
| Q1 25 | $41.4M | $146.2M | ||
| Q4 24 | $43.9M | $59.7M | ||
| Q3 24 | $51.0M | $64.9M | ||
| Q2 24 | $30.4M | $61.5M |
| Q1 26 | $232.3M | — | ||
| Q4 25 | — | $1.9B | ||
| Q3 25 | — | $1.9B | ||
| Q2 25 | — | $1.9B | ||
| Q1 25 | $285.0M | $1.9B | ||
| Q4 24 | — | $1.8B | ||
| Q3 24 | — | $1.8B | ||
| Q2 24 | — | $1.7B |
| Q1 26 | $511.8M | — | ||
| Q4 25 | $512.3M | $442.0M | ||
| Q3 25 | $500.2M | $519.2M | ||
| Q2 25 | $481.8M | $601.9M | ||
| Q1 25 | $487.9M | $680.7M | ||
| Q4 24 | $522.1M | $678.6M | ||
| Q3 24 | $506.4M | $672.2M | ||
| Q2 24 | $480.0M | $711.3M |
| Q1 26 | $1.1B | — | ||
| Q4 25 | $1.1B | $3.0B | ||
| Q3 25 | $1.2B | $3.2B | ||
| Q2 25 | $1.2B | $3.3B | ||
| Q1 25 | $1.2B | $3.4B | ||
| Q4 24 | $1.2B | $3.3B | ||
| Q3 24 | $917.1M | $3.3B | ||
| Q2 24 | $889.0M | $3.2B |
| Q1 26 | 0.45× | — | ||
| Q4 25 | — | 4.25× | ||
| Q3 25 | — | 3.62× | ||
| Q2 25 | — | 3.09× | ||
| Q1 25 | 0.58× | 2.73× | ||
| Q4 24 | — | 2.61× | ||
| Q3 24 | — | 2.64× | ||
| Q2 24 | — | 2.42× |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $122.5M | $47.0M |
| Free Cash FlowOCF − Capex | — | $36.9M |
| FCF MarginFCF / Revenue | — | 7.9% |
| Capex IntensityCapex / Revenue | 7.8% | 2.2% |
| Cash ConversionOCF / Net Profit | 7.37× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $-51.1M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $122.5M | — | ||
| Q4 25 | $29.3M | $47.0M | ||
| Q3 25 | $57.1M | $10.7M | ||
| Q2 25 | $-19.8M | $-35.2M | ||
| Q1 25 | $30.0M | $-29.3M | ||
| Q4 24 | $31.0M | $-16.1M | ||
| Q3 24 | $58.7M | $-48.4M | ||
| Q2 24 | $5.5M | $-61.3M |
| Q1 26 | — | — | ||
| Q4 25 | $22.9M | $36.9M | ||
| Q3 25 | $52.4M | $481.0K | ||
| Q2 25 | $-26.9M | $-46.0M | ||
| Q1 25 | $19.1M | $-42.4M | ||
| Q4 24 | $22.0M | $-39.0M | ||
| Q3 24 | $50.2M | $-63.5M | ||
| Q2 24 | $-1.8M | $-72.2M |
| Q1 26 | — | — | ||
| Q4 25 | 6.6% | 7.9% | ||
| Q3 25 | 14.6% | 0.1% | ||
| Q2 25 | -7.8% | -9.6% | ||
| Q1 25 | 5.5% | -9.4% | ||
| Q4 24 | 6.4% | -7.9% | ||
| Q3 24 | 14.7% | -13.9% | ||
| Q2 24 | -0.5% | -16.9% |
| Q1 26 | 7.8% | — | ||
| Q4 25 | 1.9% | 2.2% | ||
| Q3 25 | 1.3% | 2.2% | ||
| Q2 25 | 2.1% | 2.3% | ||
| Q1 25 | 3.2% | 2.9% | ||
| Q4 24 | 2.6% | 4.6% | ||
| Q3 24 | 2.5% | 3.3% | ||
| Q2 24 | 2.2% | 2.6% |
| Q1 26 | 7.37× | — | ||
| Q4 25 | 1.77× | — | ||
| Q3 25 | 2.41× | — | ||
| Q2 25 | — | — | ||
| Q1 25 | 12.08× | — | ||
| Q4 24 | 1.48× | — | ||
| Q3 24 | 1.92× | — | ||
| Q2 24 | 0.18× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
APOG
| Architectural Services | $127.1M | 36% |
| Architectural Metals | $110.0M | 31% |
| Architectural Glass | $67.4M | 19% |
| Performance Surfaces | $54.3M | 15% |
CODI
| Other | $119.5M | 26% |
| A5.11Tactical | $113.9M | 24% |
| Sterno Products | $85.9M | 18% |
| Altor | $60.8M | 13% |
| The Honey Pot | $36.0M | 8% |
| Arnold | $25.4M | 5% |
| Velocity Outdoor | $18.7M | 4% |
| Lugano | $8.3M | 2% |
