vs
Side-by-side financial comparison of Compass Diversified Holdings (CODI) and Forestar Group Inc. (FOR). Click either name above to swap in a different company.
Compass Diversified Holdings is the larger business by last-quarter revenue ($468.6M vs $273.0M, roughly 1.7× Forestar Group Inc.). Forestar Group Inc. runs the higher net margin — 5.6% vs -16.8%, a 22.5% gap on every dollar of revenue. On growth, Forestar Group Inc. posted the faster year-over-year revenue change (9.0% vs -5.1%). Compass Diversified Holdings produced more free cash flow last quarter ($36.9M vs $-157.1M). Over the past eight quarters, Compass Diversified Holdings's revenue compounded faster (6.8% CAGR vs -9.6%).
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.
Forestar Group Inc. is a residential lot development company based in Arlington, Texas. The company has operations in 51 markets in 21 states and delivered 11,518 residential lots during the twelve-month period ended December 31, 2020. The company is publicly traded on the New York Stock Exchange and in October 2017 became a majority-owned subsidiary of D.R. Horton, Inc., the largest homebuilder by volume in the United States since 2002. The company primarily acquires entitled real estate and...
CODI vs FOR — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $468.6M | $273.0M |
| Net Profit | $-78.8M | $15.4M |
| Gross Margin | 43.1% | 20.1% |
| Operating Margin | 9.8% | 7.6% |
| Net Margin | -16.8% | 5.6% |
| Revenue YoY | -5.1% | 9.0% |
| Net Profit YoY | -14.4% | -6.7% |
| EPS (diluted) | $-0.91 | $0.30 |
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.
| Q4 25 | $468.6M | $273.0M | ||
| Q3 25 | $472.6M | $670.5M | ||
| Q2 25 | $478.7M | $390.5M | ||
| Q1 25 | $453.8M | $351.0M | ||
| Q4 24 | $493.9M | $250.4M | ||
| Q3 24 | $456.6M | $551.3M | ||
| Q2 24 | $426.7M | $318.4M | ||
| Q1 24 | $410.8M | $333.8M |
| Q4 25 | $-78.8M | $15.4M | ||
| Q3 25 | $-74.0M | $86.9M | ||
| Q2 25 | $-51.2M | $32.9M | ||
| Q1 25 | $-30.0M | $31.6M | ||
| Q4 24 | $-68.9M | $16.5M | ||
| Q3 24 | $-36.0M | $81.5M | ||
| Q2 24 | $-73.1M | $38.7M | ||
| Q1 24 | $-56.2M | $45.0M |
| Q4 25 | 43.1% | 20.1% | ||
| Q3 25 | 44.0% | 22.3% | ||
| Q2 25 | 43.6% | 20.4% | ||
| Q1 25 | 43.2% | 22.6% | ||
| Q4 24 | 38.6% | 22.0% | ||
| Q3 24 | 43.1% | 23.9% | ||
| Q2 24 | 44.1% | 22.5% | ||
| Q1 24 | 42.6% | 24.9% |
| Q4 25 | 9.8% | 7.6% | ||
| Q3 25 | -2.3% | 16.9% | ||
| Q2 25 | -5.7% | 11.2% | ||
| Q1 25 | 0.8% | 11.6% | ||
| Q4 24 | -3.8% | 8.7% | ||
| Q3 24 | 1.8% | 19.7% | ||
| Q2 24 | 1.8% | 16.2% | ||
| Q1 24 | -2.9% | 17.6% |
| Q4 25 | -16.8% | 5.6% | ||
| Q3 25 | -15.7% | 13.0% | ||
| Q2 25 | -10.7% | 8.4% | ||
| Q1 25 | -6.6% | 9.0% | ||
| Q4 24 | -13.9% | 6.6% | ||
| Q3 24 | -7.9% | 14.8% | ||
| Q2 24 | -17.1% | 12.2% | ||
| Q1 24 | -13.7% | 13.5% |
| Q4 25 | $-0.91 | $0.30 | ||
| Q3 25 | $-1.21 | $1.70 | ||
| Q2 25 | $-0.88 | $0.65 | ||
| Q1 25 | $-0.59 | $0.62 | ||
| Q4 24 | $-0.57 | $0.32 | ||
| Q3 24 | $-0.62 | $1.59 | ||
| Q2 24 | $-1.12 | $0.76 | ||
| Q1 24 | $-1.52 | $0.89 |
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 | $211.7M |
| Total DebtLower is stronger | $1.9B | $793.2M |
| Stockholders' EquityBook value | $442.0M | $1.8B |
| Total Assets | $3.0B | $3.2B |
| Debt / EquityLower = less leverage | 4.25× | 0.44× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $68.0M | $211.7M | ||
| Q3 25 | $61.1M | $379.2M | ||
| Q2 25 | $73.8M | $189.2M | ||
| Q1 25 | $146.2M | $174.3M | ||
| Q4 24 | $59.7M | $132.0M | ||
| Q3 24 | $64.9M | $481.2M | ||
| Q2 24 | $61.5M | $359.2M | ||
| Q1 24 | $59.5M | $416.2M |
| Q4 25 | $1.9B | $793.2M | ||
| Q3 25 | $1.9B | $802.7M | ||
| Q2 25 | $1.9B | $872.8M | ||
| Q1 25 | $1.9B | $872.5M | ||
| Q4 24 | $1.8B | $806.8M | ||
| Q3 24 | $1.8B | $706.4M | ||
| Q2 24 | $1.7B | $706.1M | ||
| Q1 24 | $1.7B | $705.7M |
| Q4 25 | $442.0M | $1.8B | ||
| Q3 25 | $519.2M | $1.8B | ||
| Q2 25 | $601.9M | $1.7B | ||
| Q1 25 | $680.7M | $1.6B | ||
| Q4 24 | $678.6M | $1.6B | ||
| Q3 24 | $672.2M | $1.6B | ||
| Q2 24 | $711.3M | $1.5B | ||
| Q1 24 | $799.7M | $1.5B |
| Q4 25 | $3.0B | $3.2B | ||
| Q3 25 | $3.2B | $3.1B | ||
| Q2 25 | $3.3B | $3.1B | ||
| Q1 25 | $3.4B | $3.0B | ||
| Q4 24 | $3.3B | $3.0B | ||
| Q3 24 | $3.3B | $2.8B | ||
| Q2 24 | $3.2B | $2.7B | ||
| Q1 24 | $3.3B | $2.6B |
| Q4 25 | 4.25× | 0.44× | ||
| Q3 25 | 3.62× | 0.45× | ||
| Q2 25 | 3.09× | 0.52× | ||
| Q1 25 | 2.73× | 0.53× | ||
| Q4 24 | 2.61× | 0.50× | ||
| Q3 24 | 2.64× | 0.44× | ||
| Q2 24 | 2.42× | 0.47× | ||
| Q1 24 | 2.15× | 0.48× |
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 | $-157.0M |
| Free Cash FlowOCF − Capex | $36.9M | $-157.1M |
| FCF MarginFCF / Revenue | 7.9% | -57.5% |
| Capex IntensityCapex / Revenue | 2.2% | 0.0% |
| Cash ConversionOCF / Net Profit | — | -10.19× |
| TTM Free Cash FlowTrailing 4 quarters | $-51.1M | $93.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $47.0M | $-157.0M | ||
| Q3 25 | $10.7M | $256.3M | ||
| Q2 25 | $-35.2M | $15.8M | ||
| Q1 25 | $-29.3M | $-19.8M | ||
| Q4 24 | $-16.1M | $-450.0M | ||
| Q3 24 | $-48.4M | $119.2M | ||
| Q2 24 | $-61.3M | $-61.7M | ||
| Q1 24 | $-25.4M | $-59.2M |
| Q4 25 | $36.9M | $-157.1M | ||
| Q3 25 | $481.0K | $255.6M | ||
| Q2 25 | $-46.0M | $15.0M | ||
| Q1 25 | $-42.4M | $-20.5M | ||
| Q4 24 | $-39.0M | — | ||
| Q3 24 | $-63.5M | $118.4M | ||
| Q2 24 | $-72.2M | $-62.3M | ||
| Q1 24 | $-33.1M | $-59.8M |
| Q4 25 | 7.9% | -57.5% | ||
| Q3 25 | 0.1% | 38.1% | ||
| Q2 25 | -9.6% | 3.8% | ||
| Q1 25 | -9.4% | -5.8% | ||
| Q4 24 | -7.9% | — | ||
| Q3 24 | -13.9% | 21.5% | ||
| Q2 24 | -16.9% | -19.6% | ||
| Q1 24 | -8.1% | -17.9% |
| Q4 25 | 2.2% | 0.0% | ||
| Q3 25 | 2.2% | 0.1% | ||
| Q2 25 | 2.3% | 0.2% | ||
| Q1 25 | 2.9% | 0.2% | ||
| Q4 24 | 4.6% | 0.0% | ||
| Q3 24 | 3.3% | 0.1% | ||
| Q2 24 | 2.6% | 0.2% | ||
| Q1 24 | 1.9% | 0.2% |
| Q4 25 | — | -10.19× | ||
| Q3 25 | — | 2.95× | ||
| Q2 25 | — | 0.48× | ||
| Q1 25 | — | -0.63× | ||
| Q4 24 | — | -27.27× | ||
| Q3 24 | — | 1.46× | ||
| Q2 24 | — | -1.59× | ||
| Q1 24 | — | -1.32× |
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% |
FOR
| D.R.Horton Inc. | $183.8M | 67% |
| Other | $89.2M | 33% |
