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Side-by-side financial comparison of Compass Diversified Holdings (CODI) and Installed Building Products, Inc. (IBP). Click either name above to swap in a different company.
Installed Building Products, Inc. is the larger business by last-quarter revenue ($747.5M vs $468.6M, roughly 1.6× Compass Diversified Holdings). Installed Building Products, Inc. runs the higher net margin — 10.2% vs -16.8%, a 27.1% gap on every dollar of revenue. On growth, Installed Building Products, Inc. posted the faster year-over-year revenue change (-0.4% vs -5.1%). Installed Building Products, Inc. produced more free cash flow last quarter ($49.3M vs $36.9M). Over the past eight quarters, Compass Diversified Holdings's revenue compounded faster (6.8% CAGR vs 3.9%).
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.
Installed Building Products, Inc. is a leading US-based provider of professional installation services for building products. Core offerings include insulation, gutters, garage doors, fire protection systems and window treatments, serving residential new construction, repair & remodel, and commercial construction segments across most US regions.
CODI vs IBP — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $468.6M | $747.5M |
| Net Profit | $-78.8M | $76.6M |
| Gross Margin | 43.1% | 35.0% |
| Operating Margin | 9.8% | 14.6% |
| Net Margin | -16.8% | 10.2% |
| Revenue YoY | -5.1% | -0.4% |
| Net Profit YoY | -14.4% | 14.5% |
| EPS (diluted) | $-0.91 | $2.81 |
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 | $747.5M | ||
| Q3 25 | $472.6M | $778.2M | ||
| Q2 25 | $478.7M | $760.3M | ||
| Q1 25 | $453.8M | $684.8M | ||
| Q4 24 | $493.9M | $750.2M | ||
| Q3 24 | $456.6M | $760.6M | ||
| Q2 24 | $426.7M | $737.6M | ||
| Q1 24 | $410.8M | $692.9M |
| Q4 25 | $-78.8M | $76.6M | ||
| Q3 25 | $-74.0M | $74.4M | ||
| Q2 25 | $-51.2M | $69.0M | ||
| Q1 25 | $-30.0M | $45.4M | ||
| Q4 24 | $-68.9M | $66.9M | ||
| Q3 24 | $-36.0M | $68.6M | ||
| Q2 24 | $-73.1M | $65.2M | ||
| Q1 24 | $-56.2M | $55.9M |
| Q4 25 | 43.1% | 35.0% | ||
| Q3 25 | 44.0% | 34.0% | ||
| Q2 25 | 43.6% | 34.2% | ||
| Q1 25 | 43.2% | 32.7% | ||
| Q4 24 | 38.6% | 33.6% | ||
| Q3 24 | 43.1% | 33.8% | ||
| Q2 24 | 44.1% | 34.1% | ||
| Q1 24 | 42.6% | 33.8% |
| Q4 25 | 9.8% | 14.6% | ||
| Q3 25 | -2.3% | 13.7% | ||
| Q2 25 | -5.7% | 13.3% | ||
| Q1 25 | 0.8% | 10.2% | ||
| Q4 24 | -3.8% | 13.1% | ||
| Q3 24 | 1.8% | 13.3% | ||
| Q2 24 | 1.8% | 12.9% | ||
| Q1 24 | -2.9% | 12.7% |
| Q4 25 | -16.8% | 10.2% | ||
| Q3 25 | -15.7% | 9.6% | ||
| Q2 25 | -10.7% | 9.1% | ||
| Q1 25 | -6.6% | 6.6% | ||
| Q4 24 | -13.9% | 8.9% | ||
| Q3 24 | -7.9% | 9.0% | ||
| Q2 24 | -17.1% | 8.8% | ||
| Q1 24 | -13.7% | 8.1% |
| Q4 25 | $-0.91 | $2.81 | ||
| Q3 25 | $-1.21 | $2.74 | ||
| Q2 25 | $-0.88 | $2.52 | ||
| Q1 25 | $-0.59 | $1.64 | ||
| Q4 24 | $-0.57 | $2.39 | ||
| Q3 24 | $-0.62 | $2.44 | ||
| Q2 24 | $-1.12 | $2.30 | ||
| Q1 24 | $-1.52 | $1.97 |
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 | $321.9M |
| Total DebtLower is stronger | $1.9B | $886.6M |
| Stockholders' EquityBook value | $442.0M | $709.9M |
| Total Assets | $3.0B | $2.1B |
| Debt / EquityLower = less leverage | 4.25× | 1.25× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $68.0M | $321.9M | ||
| Q3 25 | $61.1M | $333.3M | ||
| Q2 25 | $73.8M | $305.2M | ||
| Q1 25 | $146.2M | $298.7M | ||
| Q4 24 | $59.7M | $327.6M | ||
| Q3 24 | $64.9M | $406.2M | ||
| Q2 24 | $61.5M | $380.3M | ||
| Q1 24 | $59.5M | $399.9M |
| Q4 25 | $1.9B | $886.6M | ||
| Q3 25 | $1.9B | $880.8M | ||
| Q2 25 | $1.9B | $876.1M | ||
| Q1 25 | $1.9B | $872.4M | ||
| Q4 24 | $1.8B | $874.8M | ||
| Q3 24 | $1.8B | $872.3M | ||
| Q2 24 | $1.7B | $875.8M | ||
| Q1 24 | $1.7B | $875.0M |
| Q4 25 | $442.0M | $709.9M | ||
| Q3 25 | $519.2M | $678.6M | ||
| Q2 25 | $601.9M | $664.5M | ||
| Q1 25 | $680.7M | $660.9M | ||
| Q4 24 | $678.6M | $705.3M | ||
| Q3 24 | $672.2M | $716.4M | ||
| Q2 24 | $711.3M | $685.3M | ||
| Q1 24 | $799.7M | $679.2M |
| Q4 25 | $3.0B | $2.1B | ||
| Q3 25 | $3.2B | $2.1B | ||
| Q2 25 | $3.3B | $2.0B | ||
| Q1 25 | $3.4B | $2.0B | ||
| Q4 24 | $3.3B | $2.1B | ||
| Q3 24 | $3.3B | $2.1B | ||
| Q2 24 | $3.2B | $2.0B | ||
| Q1 24 | $3.3B | $2.0B |
| Q4 25 | 4.25× | 1.25× | ||
| Q3 25 | 3.62× | 1.30× | ||
| Q2 25 | 3.09× | 1.32× | ||
| Q1 25 | 2.73× | 1.32× | ||
| Q4 24 | 2.61× | 1.24× | ||
| Q3 24 | 2.64× | 1.22× | ||
| Q2 24 | 2.42× | 1.28× | ||
| Q1 24 | 2.15× | 1.29× |
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 | $64.9M |
| Free Cash FlowOCF − Capex | $36.9M | $49.3M |
| FCF MarginFCF / Revenue | 7.9% | 6.6% |
| Capex IntensityCapex / Revenue | 2.2% | 2.1% |
| Cash ConversionOCF / Net Profit | — | 0.85× |
| TTM Free Cash FlowTrailing 4 quarters | $-51.1M | $300.8M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $47.0M | $64.9M | ||
| Q3 25 | $10.7M | $124.0M | ||
| Q2 25 | $-35.2M | $90.4M | ||
| Q1 25 | $-29.3M | $92.1M | ||
| Q4 24 | $-16.1M | $74.8M | ||
| Q3 24 | $-48.4M | $101.4M | ||
| Q2 24 | $-61.3M | $79.0M | ||
| Q1 24 | $-25.4M | $84.8M |
| Q4 25 | $36.9M | $49.3M | ||
| Q3 25 | $481.0K | $104.8M | ||
| Q2 25 | $-46.0M | $74.8M | ||
| Q1 25 | $-42.4M | $71.9M | ||
| Q4 24 | $-39.0M | $52.9M | ||
| Q3 24 | $-63.5M | $77.3M | ||
| Q2 24 | $-72.2M | $58.2M | ||
| Q1 24 | $-33.1M | $63.0M |
| Q4 25 | 7.9% | 6.6% | ||
| Q3 25 | 0.1% | 13.5% | ||
| Q2 25 | -9.6% | 9.8% | ||
| Q1 25 | -9.4% | 10.5% | ||
| Q4 24 | -7.9% | 7.1% | ||
| Q3 24 | -13.9% | 10.2% | ||
| Q2 24 | -16.9% | 7.9% | ||
| Q1 24 | -8.1% | 9.1% |
| Q4 25 | 2.2% | 2.1% | ||
| Q3 25 | 2.2% | 2.5% | ||
| Q2 25 | 2.3% | 2.1% | ||
| Q1 25 | 2.9% | 2.9% | ||
| Q4 24 | 4.6% | 2.9% | ||
| Q3 24 | 3.3% | 3.2% | ||
| Q2 24 | 2.6% | 2.8% | ||
| Q1 24 | 1.9% | 3.1% |
| Q4 25 | — | 0.85× | ||
| Q3 25 | — | 1.67× | ||
| Q2 25 | — | 1.31× | ||
| Q1 25 | — | 2.03× | ||
| Q4 24 | — | 1.12× | ||
| Q3 24 | — | 1.48× | ||
| Q2 24 | — | 1.21× | ||
| Q1 24 | — | 1.52× |
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% |
IBP
| Residential New Construction | $488.6M | 65% |
| Other Customer Installation | $67.8M | 9% |
| Shower Doors Shelving And Mirrors | $53.5M | 7% |
| Other Building Products | $47.7M | 6% |
| Fireproofing And Firestopping | $37.6M | 5% |
| Rain Gutters | $31.3M | 4% |
| Window Blinds | $18.0M | 2% |
| Related Party | $6.7M | 1% |
