vs
Side-by-side financial comparison of Compass Diversified Holdings (CODI) and F5, Inc. (FFIV). Click either name above to swap in a different company.
F5, Inc. is the larger business by last-quarter revenue ($811.7M vs $468.6M, roughly 1.7× Compass Diversified Holdings). F5, Inc. runs the higher net margin — 18.2% vs -16.8%, a 35.1% gap on every dollar of revenue. On growth, F5, Inc. posted the faster year-over-year revenue change (11.0% vs -5.1%). Over the past eight quarters, F5, Inc.'s revenue compounded faster (8.0% CAGR vs 6.8%).
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.
F5, Inc. is an American technology company specializing in application security, multi-cloud management, online fraud prevention, application delivery networking (ADN), application availability and performance, and network security, access, and authorization.
CODI vs FFIV — Head-to-Head
Income Statement — Q4 FY2025 vs Q2 FY2026
| Metric | | |
|---|---|---|
| Revenue | $468.6M | $811.7M |
| Net Profit | $-78.8M | $148.0M |
| Gross Margin | 43.1% | 81.4% |
| Operating Margin | 9.8% | 22.1% |
| Net Margin | -16.8% | 18.2% |
| Revenue YoY | -5.1% | 11.0% |
| Net Profit YoY | -14.4% | 1.5% |
| EPS (diluted) | $-0.91 | $2.58 |
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 | — | $811.7M | ||
| Q4 25 | $468.6M | $822.5M | ||
| Q3 25 | $472.6M | $810.1M | ||
| Q2 25 | $478.7M | $780.4M | ||
| Q1 25 | $453.8M | $731.1M | ||
| Q4 24 | $493.9M | $766.5M | ||
| Q3 24 | $456.6M | $746.7M | ||
| Q2 24 | $426.7M | $695.5M |
| Q1 26 | — | $148.0M | ||
| Q4 25 | $-78.8M | $180.1M | ||
| Q3 25 | $-74.0M | $190.5M | ||
| Q2 25 | $-51.2M | $189.9M | ||
| Q1 25 | $-30.0M | $145.5M | ||
| Q4 24 | $-68.9M | $166.4M | ||
| Q3 24 | $-36.0M | $165.3M | ||
| Q2 24 | $-73.1M | $144.1M |
| Q1 26 | — | 81.4% | ||
| Q4 25 | 43.1% | 81.5% | ||
| Q3 25 | 44.0% | 82.2% | ||
| Q2 25 | 43.6% | 81.0% | ||
| Q1 25 | 43.2% | 80.7% | ||
| Q4 24 | 38.6% | 81.7% | ||
| Q3 24 | 43.1% | 80.8% | ||
| Q2 24 | 44.1% | 80.4% |
| Q1 26 | — | 22.1% | ||
| Q4 25 | 9.8% | 26.0% | ||
| Q3 25 | -2.3% | 25.4% | ||
| Q2 25 | -5.7% | 25.2% | ||
| Q1 25 | 0.8% | 21.7% | ||
| Q4 24 | -3.8% | 26.8% | ||
| Q3 24 | 1.8% | 25.6% | ||
| Q2 24 | 1.8% | 23.4% |
| Q1 26 | — | 18.2% | ||
| Q4 25 | -16.8% | 21.9% | ||
| Q3 25 | -15.7% | 23.5% | ||
| Q2 25 | -10.7% | 24.3% | ||
| Q1 25 | -6.6% | 19.9% | ||
| Q4 24 | -13.9% | 21.7% | ||
| Q3 24 | -7.9% | 22.1% | ||
| Q2 24 | -17.1% | 20.7% |
| Q1 26 | — | $2.58 | ||
| Q4 25 | $-0.91 | $3.10 | ||
| Q3 25 | $-1.21 | $3.25 | ||
| Q2 25 | $-0.88 | $3.25 | ||
| Q1 25 | $-0.59 | $2.48 | ||
| Q4 24 | $-0.57 | $2.82 | ||
| Q3 24 | $-0.62 | $2.79 | ||
| Q2 24 | $-1.12 | $2.44 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $68.0M | $1.4B |
| Total DebtLower is stronger | $1.9B | — |
| Stockholders' EquityBook value | $442.0M | $3.6B |
| Total Assets | $3.0B | $6.5B |
| Debt / EquityLower = less leverage | 4.25× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $1.4B | ||
| Q4 25 | $68.0M | $1.2B | ||
| Q3 25 | $61.1M | $1.3B | ||
| Q2 25 | $73.8M | $1.4B | ||
| Q1 25 | $146.2M | $1.3B | ||
| Q4 24 | $59.7M | $1.2B | ||
| Q3 24 | $64.9M | $1.1B | ||
| Q2 24 | $61.5M | $935.6M |
| Q1 26 | — | — | ||
| Q4 25 | $1.9B | — | ||
| Q3 25 | $1.9B | — | ||
| Q2 25 | $1.9B | — | ||
| Q1 25 | $1.9B | — | ||
| Q4 24 | $1.8B | — | ||
| Q3 24 | $1.8B | — | ||
| Q2 24 | $1.7B | — |
| Q1 26 | — | $3.6B | ||
| Q4 25 | $442.0M | $3.5B | ||
| Q3 25 | $519.2M | $3.6B | ||
| Q2 25 | $601.9M | $3.5B | ||
| Q1 25 | $680.7M | $3.3B | ||
| Q4 24 | $678.6M | $3.2B | ||
| Q3 24 | $672.2M | $3.1B | ||
| Q2 24 | $711.3M | $3.0B |
| Q1 26 | — | $6.5B | ||
| Q4 25 | $3.0B | $6.3B | ||
| Q3 25 | $3.2B | $6.3B | ||
| Q2 25 | $3.3B | $6.1B | ||
| Q1 25 | $3.4B | $5.9B | ||
| Q4 24 | $3.3B | $5.9B | ||
| Q3 24 | $3.3B | $5.6B | ||
| Q2 24 | $3.2B | $5.4B |
| Q1 26 | — | — | ||
| Q4 25 | 4.25× | — | ||
| Q3 25 | 3.62× | — | ||
| Q2 25 | 3.09× | — | ||
| Q1 25 | 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 | $47.0M | $525.1M |
| Free Cash FlowOCF − Capex | $36.9M | — |
| FCF MarginFCF / Revenue | 7.9% | — |
| Capex IntensityCapex / Revenue | 2.2% | — |
| Cash ConversionOCF / Net Profit | — | 3.55× |
| TTM Free Cash FlowTrailing 4 quarters | $-51.1M | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $525.1M | ||
| Q4 25 | $47.0M | $159.2M | ||
| Q3 25 | $10.7M | $208.1M | ||
| Q2 25 | $-35.2M | $282.2M | ||
| Q1 25 | $-29.3M | $256.6M | ||
| Q4 24 | $-16.1M | $202.8M | ||
| Q3 24 | $-48.4M | $246.5M | ||
| Q2 24 | $-61.3M | $159.0M |
| Q1 26 | — | — | ||
| Q4 25 | $36.9M | $149.5M | ||
| Q3 25 | $481.0K | $191.9M | ||
| Q2 25 | $-46.0M | $273.7M | ||
| Q1 25 | $-42.4M | $246.1M | ||
| Q4 24 | $-39.0M | $194.7M | ||
| Q3 24 | $-63.5M | $240.4M | ||
| Q2 24 | $-72.2M | $153.1M |
| Q1 26 | — | — | ||
| Q4 25 | 7.9% | 18.2% | ||
| Q3 25 | 0.1% | 23.7% | ||
| Q2 25 | -9.6% | 35.1% | ||
| Q1 25 | -9.4% | 33.7% | ||
| Q4 24 | -7.9% | 25.4% | ||
| Q3 24 | -13.9% | 32.2% | ||
| Q2 24 | -16.9% | 22.0% |
| Q1 26 | — | — | ||
| Q4 25 | 2.2% | 1.2% | ||
| Q3 25 | 2.2% | 2.0% | ||
| Q2 25 | 2.3% | 1.1% | ||
| Q1 25 | 2.9% | 1.4% | ||
| Q4 24 | 4.6% | 1.1% | ||
| Q3 24 | 3.3% | 0.8% | ||
| Q2 24 | 2.6% | 0.8% |
| Q1 26 | — | 3.55× | ||
| Q4 25 | — | 0.88× | ||
| Q3 25 | — | 1.09× | ||
| Q2 25 | — | 1.49× | ||
| Q1 25 | — | 1.76× | ||
| Q4 24 | — | 1.22× | ||
| Q3 24 | — | 1.49× | ||
| Q2 24 | — | 1.10× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
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% |
FFIV
Segment breakdown not available.
