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Side-by-side financial comparison of Compass Diversified Holdings (CODI) and LCI INDUSTRIES (LCII). Click either name above to swap in a different company.
LCI INDUSTRIES is the larger business by last-quarter revenue ($932.7M vs $468.6M, roughly 2.0× Compass Diversified Holdings). LCI INDUSTRIES runs the higher net margin — 2.0% vs -16.8%, a 18.8% gap on every dollar of revenue. On growth, LCI INDUSTRIES posted the faster year-over-year revenue change (16.1% vs -5.1%). LCI INDUSTRIES produced more free cash flow last quarter ($64.3M vs $36.9M). Over the past eight quarters, Compass Diversified Holdings's revenue compounded faster (6.8% CAGR vs -1.8%).
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.
Lucky Core Industries Limited, formerly known as ICI Pakistan, is a Pakistani conglomerate company headquartered in Karachi. It manufactures polyester, pharmaceutical, agrochemical, soda ash, and veterinary medicine.
CODI vs LCII — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $468.6M | $932.7M |
| Net Profit | $-78.8M | $18.7M |
| Gross Margin | 43.1% | 22.1% |
| Operating Margin | 9.8% | 3.8% |
| Net Margin | -16.8% | 2.0% |
| Revenue YoY | -5.1% | 16.1% |
| Net Profit YoY | -14.4% | 95.7% |
| EPS (diluted) | $-0.91 | $0.79 |
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 | $932.7M | ||
| Q3 25 | $472.6M | $1.0B | ||
| Q2 25 | $478.7M | $1.1B | ||
| Q1 25 | $453.8M | $1.0B | ||
| Q4 24 | $493.9M | $803.1M | ||
| Q3 24 | $456.6M | $915.5M | ||
| Q2 24 | $426.7M | $1.1B | ||
| Q1 24 | $410.8M | $968.0M |
| Q4 25 | $-78.8M | $18.7M | ||
| Q3 25 | $-74.0M | $62.5M | ||
| Q2 25 | $-51.2M | $57.6M | ||
| Q1 25 | $-30.0M | $49.4M | ||
| Q4 24 | $-68.9M | $9.5M | ||
| Q3 24 | $-36.0M | $35.6M | ||
| Q2 24 | $-73.1M | $61.2M | ||
| Q1 24 | $-56.2M | $36.5M |
| Q4 25 | 43.1% | 22.1% | ||
| Q3 25 | 44.0% | 24.4% | ||
| Q2 25 | 43.6% | 24.4% | ||
| Q1 25 | 43.2% | 24.1% | ||
| Q4 24 | 38.6% | 21.1% | ||
| Q3 24 | 43.1% | 24.0% | ||
| Q2 24 | 44.1% | 25.3% | ||
| Q1 24 | 42.6% | 23.1% |
| Q4 25 | 9.8% | 3.8% | ||
| Q3 25 | -2.3% | 7.3% | ||
| Q2 25 | -5.7% | 7.9% | ||
| Q1 25 | 0.8% | 7.8% | ||
| Q4 24 | -3.8% | 2.0% | ||
| Q3 24 | 1.8% | 5.9% | ||
| Q2 24 | 1.8% | 8.6% | ||
| Q1 24 | -2.9% | 6.0% |
| Q4 25 | -16.8% | 2.0% | ||
| Q3 25 | -15.7% | 6.0% | ||
| Q2 25 | -10.7% | 5.2% | ||
| Q1 25 | -6.6% | 4.7% | ||
| Q4 24 | -13.9% | 1.2% | ||
| Q3 24 | -7.9% | 3.9% | ||
| Q2 24 | -17.1% | 5.8% | ||
| Q1 24 | -13.7% | 3.8% |
| Q4 25 | $-0.91 | $0.79 | ||
| Q3 25 | $-1.21 | $2.55 | ||
| Q2 25 | $-0.88 | $2.29 | ||
| Q1 25 | $-0.59 | $1.94 | ||
| Q4 24 | $-0.57 | $0.37 | ||
| Q3 24 | $-0.62 | $1.39 | ||
| Q2 24 | $-1.12 | $2.40 | ||
| Q1 24 | $-1.52 | $1.44 |
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 | $222.6M |
| Total DebtLower is stronger | $1.9B | $945.2M |
| Stockholders' EquityBook value | $442.0M | $1.4B |
| Total Assets | $3.0B | $3.2B |
| Debt / EquityLower = less leverage | 4.25× | 0.69× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $68.0M | $222.6M | ||
| Q3 25 | $61.1M | $199.7M | ||
| Q2 25 | $73.8M | $191.9M | ||
| Q1 25 | $146.2M | $231.2M | ||
| Q4 24 | $59.7M | $165.8M | ||
| Q3 24 | $64.9M | $161.2M | ||
| Q2 24 | $61.5M | $130.4M | ||
| Q1 24 | $59.5M | $22.6M |
| Q4 25 | $1.9B | $945.2M | ||
| Q3 25 | $1.9B | $947.8M | ||
| Q2 25 | $1.9B | $948.0M | ||
| Q1 25 | $1.9B | $938.3M | ||
| Q4 24 | $1.8B | $757.3M | ||
| Q3 24 | $1.8B | $822.5M | ||
| Q2 24 | $1.7B | $829.7M | ||
| Q1 24 | $1.7B | $855.3M |
| Q4 25 | $442.0M | $1.4B | ||
| Q3 25 | $519.2M | $1.4B | ||
| Q2 25 | $601.9M | $1.4B | ||
| Q1 25 | $680.7M | $1.4B | ||
| Q4 24 | $678.6M | $1.4B | ||
| Q3 24 | $672.2M | $1.4B | ||
| Q2 24 | $711.3M | $1.4B | ||
| Q1 24 | $799.7M | $1.4B |
| Q4 25 | $3.0B | $3.2B | ||
| Q3 25 | $3.2B | $3.2B | ||
| Q2 25 | $3.3B | $3.2B | ||
| Q1 25 | $3.4B | $3.1B | ||
| Q4 24 | $3.3B | $2.9B | ||
| Q3 24 | $3.3B | $3.0B | ||
| Q2 24 | $3.2B | $3.0B | ||
| Q1 24 | $3.3B | $3.0B |
| Q4 25 | 4.25× | 0.69× | ||
| Q3 25 | 3.62× | 0.70× | ||
| Q2 25 | 3.09× | 0.68× | ||
| Q1 25 | 2.73× | 0.69× | ||
| Q4 24 | 2.61× | 0.55× | ||
| Q3 24 | 2.64× | 0.58× | ||
| Q2 24 | 2.42× | 0.60× | ||
| Q1 24 | 2.15× | 0.63× |
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 | $78.9M |
| Free Cash FlowOCF − Capex | $36.9M | $64.3M |
| FCF MarginFCF / Revenue | 7.9% | 6.9% |
| Capex IntensityCapex / Revenue | 2.2% | 1.6% |
| Cash ConversionOCF / Net Profit | — | 4.22× |
| TTM Free Cash FlowTrailing 4 quarters | $-51.1M | $278.3M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $47.0M | $78.9M | ||
| Q3 25 | $10.7M | $97.2M | ||
| Q2 25 | $-35.2M | $112.2M | ||
| Q1 25 | $-29.3M | $42.7M | ||
| Q4 24 | $-16.1M | $106.6M | ||
| Q3 24 | $-48.4M | $78.4M | ||
| Q2 24 | $-61.3M | $192.9M | ||
| Q1 24 | $-25.4M | $-7.7M |
| Q4 25 | $36.9M | $64.3M | ||
| Q3 25 | $481.0K | $80.9M | ||
| Q2 25 | $-46.0M | $99.5M | ||
| Q1 25 | $-42.4M | $33.7M | ||
| Q4 24 | $-39.0M | $95.7M | ||
| Q3 24 | $-63.5M | $68.3M | ||
| Q2 24 | $-72.2M | $180.2M | ||
| Q1 24 | $-33.1M | $-16.3M |
| Q4 25 | 7.9% | 6.9% | ||
| Q3 25 | 0.1% | 7.8% | ||
| Q2 25 | -9.6% | 9.0% | ||
| Q1 25 | -9.4% | 3.2% | ||
| Q4 24 | -7.9% | 11.9% | ||
| Q3 24 | -13.9% | 7.5% | ||
| Q2 24 | -16.9% | 17.1% | ||
| Q1 24 | -8.1% | -1.7% |
| Q4 25 | 2.2% | 1.6% | ||
| Q3 25 | 2.2% | 1.6% | ||
| Q2 25 | 2.3% | 1.2% | ||
| Q1 25 | 2.9% | 0.9% | ||
| Q4 24 | 4.6% | 1.4% | ||
| Q3 24 | 3.3% | 1.1% | ||
| Q2 24 | 2.6% | 1.2% | ||
| Q1 24 | 1.9% | 0.9% |
| Q4 25 | — | 4.22× | ||
| Q3 25 | — | 1.55× | ||
| Q2 25 | — | 1.95× | ||
| Q1 25 | — | 0.86× | ||
| Q4 24 | — | 11.17× | ||
| Q3 24 | — | 2.20× | ||
| Q2 24 | — | 3.15× | ||
| Q1 24 | — | -0.21× |
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% |
LCII
| Travel Trailer And Fifth Wheels | $378.4M | 41% |
| Chassis Chassis Partsand Slideout Mechanisms | $206.1M | 22% |
| Furnitureand Mattresses | $120.4M | 13% |
| Appliances | $69.9M | 7% |
| Other Products | $69.1M | 7% |
| Axlesand Suspension Solutions | $62.3M | 7% |
| Motorhomes | $34.2M | 4% |
