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Side-by-side financial comparison of Compass Diversified Holdings (CODI) and HCI Group, Inc. (HCI). Click either name above to swap in a different company.
Compass Diversified Holdings is the larger business by last-quarter revenue ($468.6M vs $242.9M, roughly 1.9× HCI Group, Inc.). HCI Group, Inc. runs the higher net margin — 35.0% vs -16.8%, a 51.8% gap on every dollar of revenue. On growth, HCI Group, Inc. posted the faster year-over-year revenue change (12.2% vs -5.1%). Over the past eight quarters, HCI Group, Inc.'s revenue compounded faster (8.5% 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.
HCI Equity Partners is a Washington, DC–based private equity firm with an additional office in Chicago, Illinois.
CODI vs HCI — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $468.6M | $242.9M |
| Net Profit | $-78.8M | $85.0M |
| Gross Margin | 43.1% | — |
| Operating Margin | 9.8% | — |
| Net Margin | -16.8% | 35.0% |
| Revenue YoY | -5.1% | 12.2% |
| Net Profit YoY | -14.4% | 14.6% |
| EPS (diluted) | $-0.91 | $5.45 |
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 | — | $242.9M | ||
| Q4 25 | $468.6M | $246.2M | ||
| Q3 25 | $472.6M | $216.3M | ||
| Q2 25 | $478.7M | $221.9M | ||
| Q1 25 | $453.8M | $216.4M | ||
| Q4 24 | $493.9M | $161.9M | ||
| Q3 24 | $456.6M | $175.3M | ||
| Q2 24 | $426.7M | $206.2M |
| Q1 26 | — | $85.0M | ||
| Q4 25 | $-78.8M | $97.7M | ||
| Q3 25 | $-74.0M | $65.5M | ||
| Q2 25 | $-51.2M | $66.2M | ||
| Q1 25 | $-30.0M | $69.7M | ||
| Q4 24 | $-68.9M | $2.6M | ||
| Q3 24 | $-36.0M | $5.7M | ||
| Q2 24 | $-73.1M | $54.1M |
| 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 | — | — | ||
| Q4 25 | 9.8% | 58.5% | ||
| Q3 25 | -2.3% | 41.9% | ||
| Q2 25 | -5.7% | 42.5% | ||
| Q1 25 | 0.8% | 46.4% | ||
| Q4 24 | -3.8% | 3.6% | ||
| Q3 24 | 1.8% | 8.0% | ||
| Q2 24 | 1.8% | 36.9% |
| Q1 26 | — | 35.0% | ||
| Q4 25 | -16.8% | 39.7% | ||
| Q3 25 | -15.7% | 30.3% | ||
| Q2 25 | -10.7% | 29.8% | ||
| Q1 25 | -6.6% | 32.2% | ||
| Q4 24 | -13.9% | 1.6% | ||
| Q3 24 | -7.9% | 3.2% | ||
| Q2 24 | -17.1% | 26.2% |
| Q1 26 | — | $5.45 | ||
| Q4 25 | $-0.91 | $7.29 | ||
| Q3 25 | $-1.21 | $4.90 | ||
| Q2 25 | $-0.88 | $5.18 | ||
| Q1 25 | $-0.59 | $5.35 | ||
| Q4 24 | $-0.57 | $0.32 | ||
| Q3 24 | $-0.62 | $0.52 | ||
| Q2 24 | $-1.12 | $4.24 |
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 | $1.0B |
| Total DebtLower is stronger | $1.9B | $31.7M |
| Stockholders' EquityBook value | $442.0M | $1.1B |
| Total Assets | $3.0B | $2.6B |
| Debt / EquityLower = less leverage | 4.25× | 0.03× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $1.0B | ||
| Q4 25 | $68.0M | $1.2B | ||
| Q3 25 | $61.1M | $987.9M | ||
| Q2 25 | $73.8M | $947.2M | ||
| Q1 25 | $146.2M | $754.5M | ||
| Q4 24 | $59.7M | $532.5M | ||
| Q3 24 | $64.9M | $518.8M | ||
| Q2 24 | $61.5M | $445.8M |
| Q1 26 | — | $31.7M | ||
| 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 | — | $1.1B | ||
| Q4 25 | $442.0M | $1.0B | ||
| Q3 25 | $519.2M | $821.8M | ||
| Q2 25 | $601.9M | $758.6M | ||
| Q1 25 | $680.7M | $522.7M | ||
| Q4 24 | $678.6M | $453.3M | ||
| Q3 24 | $672.2M | $455.3M | ||
| Q2 24 | $711.3M | $447.3M |
| Q1 26 | — | $2.6B | ||
| Q4 25 | $3.0B | $2.5B | ||
| Q3 25 | $3.2B | $2.3B | ||
| Q2 25 | $3.3B | $2.4B | ||
| Q1 25 | $3.4B | $2.3B | ||
| Q4 24 | $3.3B | $2.2B | ||
| Q3 24 | $3.3B | $2.0B | ||
| Q2 24 | $3.2B | $1.9B |
| Q1 26 | — | 0.03× | ||
| 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 | — |
| 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 | $444.4M | ||
| Q3 25 | $10.7M | $26.7M | ||
| Q2 25 | $-35.2M | $145.0M | ||
| Q1 25 | $-29.3M | $162.0M | ||
| Q4 24 | $-16.1M | $331.8M | ||
| Q3 24 | $-48.4M | $104.1M | ||
| Q2 24 | $-61.3M | $-29.0M |
| Q1 26 | — | — | ||
| Q4 25 | $36.9M | $440.8M | ||
| Q3 25 | $481.0K | $25.9M | ||
| Q2 25 | $-46.0M | $144.5M | ||
| Q1 25 | $-42.4M | $160.3M | ||
| Q4 24 | $-39.0M | $327.8M | ||
| Q3 24 | $-63.5M | $103.2M | ||
| Q2 24 | $-72.2M | $-30.1M |
| Q1 26 | — | — | ||
| Q4 25 | 7.9% | 179.0% | ||
| Q3 25 | 0.1% | 12.0% | ||
| Q2 25 | -9.6% | 65.1% | ||
| Q1 25 | -9.4% | 74.1% | ||
| Q4 24 | -7.9% | 202.5% | ||
| Q3 24 | -13.9% | 58.9% | ||
| Q2 24 | -16.9% | -14.6% |
| Q1 26 | — | — | ||
| Q4 25 | 2.2% | 1.5% | ||
| Q3 25 | 2.2% | 0.4% | ||
| Q2 25 | 2.3% | 0.2% | ||
| Q1 25 | 2.9% | 0.8% | ||
| Q4 24 | 4.6% | 2.5% | ||
| Q3 24 | 3.3% | 0.5% | ||
| Q2 24 | 2.6% | 0.5% |
| Q1 26 | — | — | ||
| Q4 25 | — | 4.55× | ||
| Q3 25 | — | 0.41× | ||
| Q2 25 | — | 2.19× | ||
| Q1 25 | — | 2.32× | ||
| Q4 24 | — | 128.41× | ||
| Q3 24 | — | 18.33× | ||
| Q2 24 | — | -0.54× |
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% |
HCI
Segment breakdown not available.
