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Side-by-side financial comparison of Compass Diversified Holdings (CODI) and Gaming & Leisure Properties, Inc. (GLPI). Click either name above to swap in a different company.
Compass Diversified Holdings is the larger business by last-quarter revenue ($468.6M vs $420.0M, roughly 1.1× Gaming & Leisure Properties, Inc.). Gaming & Leisure Properties, Inc. runs the higher net margin — 57.0% vs -16.8%, a 73.8% gap on every dollar of revenue. On growth, Gaming & Leisure Properties, Inc. posted the faster year-over-year revenue change (6.3% vs -5.1%). Over the past eight quarters, Compass Diversified Holdings's revenue compounded faster (6.8% CAGR vs 5.0%).
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.
Gaming and Leisure Properties, Inc. is a real estate investment trust (REIT) specializing in casino properties, based in Wyomissing, Pennsylvania. It was formed in November 2013 as a corporate spin-off from Penn National Gaming. The company owns 62 casino properties, all of which are leased to other companies.
CODI vs GLPI — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $468.6M | $420.0M |
| Net Profit | $-78.8M | $239.4M |
| Gross Margin | 43.1% | — |
| Operating Margin | 9.8% | 79.4% |
| Net Margin | -16.8% | 57.0% |
| Revenue YoY | -5.1% | 6.3% |
| Net Profit YoY | -14.4% | 40.5% |
| EPS (diluted) | $-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 | — | $420.0M | ||
| Q4 25 | $468.6M | $407.0M | ||
| Q3 25 | $472.6M | $397.6M | ||
| Q2 25 | $478.7M | $394.9M | ||
| Q1 25 | $453.8M | $395.2M | ||
| Q4 24 | $493.9M | $389.6M | ||
| Q3 24 | $456.6M | $385.3M | ||
| Q2 24 | $426.7M | $380.6M |
| Q1 26 | — | $239.4M | ||
| Q4 25 | $-78.8M | $275.4M | ||
| Q3 25 | $-74.0M | $241.2M | ||
| Q2 25 | $-51.2M | $151.4M | ||
| Q1 25 | $-30.0M | $165.2M | ||
| Q4 24 | $-68.9M | $223.6M | ||
| Q3 24 | $-36.0M | $184.7M | ||
| Q2 24 | $-73.1M | $208.3M |
| Q1 26 | — | — | ||
| Q4 25 | 43.1% | — | ||
| Q3 25 | 44.0% | — | ||
| Q2 25 | 43.6% | — | ||
| Q1 25 | 43.2% | — | ||
| Q4 24 | 38.6% | — | ||
| Q3 24 | 43.1% | — | ||
| Q2 24 | 44.1% | — |
| Q1 26 | — | 79.4% | ||
| Q4 25 | 9.8% | 89.3% | ||
| Q3 25 | -2.3% | 84.8% | ||
| Q2 25 | -5.7% | 61.3% | ||
| Q1 25 | 0.8% | 65.5% | ||
| Q4 24 | -3.8% | 79.1% | ||
| Q3 24 | 1.8% | 70.4% | ||
| Q2 24 | 1.8% | 77.1% |
| Q1 26 | — | 57.0% | ||
| Q4 25 | -16.8% | 67.6% | ||
| Q3 25 | -15.7% | 60.7% | ||
| Q2 25 | -10.7% | 38.4% | ||
| Q1 25 | -6.6% | 41.8% | ||
| Q4 24 | -13.9% | 57.4% | ||
| Q3 24 | -7.9% | 47.9% | ||
| Q2 24 | -17.1% | 54.7% |
| Q1 26 | — | — | ||
| Q4 25 | $-0.91 | $0.96 | ||
| Q3 25 | $-1.21 | $0.85 | ||
| Q2 25 | $-0.88 | $0.54 | ||
| Q1 25 | $-0.59 | $0.60 | ||
| Q4 24 | $-0.57 | $0.79 | ||
| Q3 24 | $-0.62 | $0.67 | ||
| Q2 24 | $-1.12 | $0.77 |
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 | $274.5M |
| Total DebtLower is stronger | $1.9B | — |
| Stockholders' EquityBook value | $442.0M | $5.0B |
| Total Assets | $3.0B | $13.8B |
| Debt / EquityLower = less leverage | 4.25× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $274.5M | ||
| Q4 25 | $68.0M | — | ||
| Q3 25 | $61.1M | — | ||
| Q2 25 | $73.8M | — | ||
| Q1 25 | $146.2M | — | ||
| Q4 24 | $59.7M | $560.8M | ||
| Q3 24 | $64.9M | $560.8M | ||
| Q2 24 | $61.5M | $560.8M |
| Q1 26 | — | — | ||
| Q4 25 | $1.9B | $7.2B | ||
| Q3 25 | $1.9B | $7.2B | ||
| Q2 25 | $1.9B | $6.9B | ||
| Q1 25 | $1.9B | $6.9B | ||
| Q4 24 | $1.8B | $7.7B | ||
| Q3 24 | $1.8B | $7.4B | ||
| Q2 24 | $1.7B | $6.6B |
| Q1 26 | — | $5.0B | ||
| Q4 25 | $442.0M | $4.6B | ||
| Q3 25 | $519.2M | $4.6B | ||
| Q2 25 | $601.9M | $4.6B | ||
| Q1 25 | $680.7M | $4.2B | ||
| Q4 24 | $678.6M | $4.3B | ||
| Q3 24 | $672.2M | $4.3B | ||
| Q2 24 | $711.3M | $4.1B |
| Q1 26 | — | $13.8B | ||
| Q4 25 | $3.0B | $12.9B | ||
| Q3 25 | $3.2B | $12.8B | ||
| Q2 25 | $3.3B | $12.5B | ||
| Q1 25 | $3.4B | $12.1B | ||
| Q4 24 | $3.3B | $13.1B | ||
| Q3 24 | $3.3B | $12.7B | ||
| Q2 24 | $3.2B | $11.8B |
| Q1 26 | — | — | ||
| Q4 25 | 4.25× | 1.56× | ||
| Q3 25 | 3.62× | 1.57× | ||
| Q2 25 | 3.09× | 1.51× | ||
| Q1 25 | 2.73× | 1.63× | ||
| Q4 24 | 2.61× | 1.81× | ||
| Q3 24 | 2.64× | 1.74× | ||
| Q2 24 | 2.42× | 1.60× |
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 | — |
| Free Cash FlowOCF − Capex | $36.9M | — |
| FCF MarginFCF / Revenue | 7.9% | — |
| Capex IntensityCapex / Revenue | 2.2% | — |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $-51.1M | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $47.0M | $1.1B | ||
| Q3 25 | $10.7M | $240.3M | ||
| Q2 25 | $-35.2M | $293.4M | ||
| Q1 25 | $-29.3M | $252.5M | ||
| Q4 24 | $-16.1M | $1.1B | ||
| Q3 24 | $-48.4M | $270.4M | ||
| Q2 24 | $-61.3M | $252.1M |
| Q1 26 | — | — | ||
| Q4 25 | $36.9M | — | ||
| Q3 25 | $481.0K | $183.0M | ||
| Q2 25 | $-46.0M | $272.3M | ||
| Q1 25 | $-42.4M | $239.6M | ||
| Q4 24 | $-39.0M | $1.1B | ||
| Q3 24 | $-63.5M | $261.5M | ||
| Q2 24 | $-72.2M | $245.0M |
| Q1 26 | — | — | ||
| Q4 25 | 7.9% | — | ||
| Q3 25 | 0.1% | 46.0% | ||
| Q2 25 | -9.6% | 69.0% | ||
| Q1 25 | -9.4% | 60.6% | ||
| Q4 24 | -7.9% | 275.3% | ||
| Q3 24 | -13.9% | 67.9% | ||
| Q2 24 | -16.9% | 64.4% |
| Q1 26 | — | — | ||
| Q4 25 | 2.2% | — | ||
| Q3 25 | 2.2% | 14.4% | ||
| Q2 25 | 2.3% | 5.3% | ||
| Q1 25 | 2.9% | 3.3% | ||
| Q4 24 | 4.6% | 0.0% | ||
| Q3 24 | 3.3% | 2.3% | ||
| Q2 24 | 2.6% | 1.9% |
| Q1 26 | — | — | ||
| Q4 25 | — | 4.10× | ||
| Q3 25 | — | 1.00× | ||
| Q2 25 | — | 1.94× | ||
| Q1 25 | — | 1.53× | ||
| Q4 24 | — | 4.80× | ||
| Q3 24 | — | 1.46× | ||
| Q2 24 | — | 1.21× |
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% |
GLPI
Segment breakdown not available.
