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Side-by-side financial comparison of Compass Diversified Holdings (CODI) and MSCI Inc. (MSCI). Click either name above to swap in a different company.
MSCI Inc. is the larger business by last-quarter revenue ($822.5M vs $468.6M, roughly 1.8× Compass Diversified Holdings). MSCI Inc. runs the higher net margin — 34.6% vs -16.8%, a 51.4% gap on every dollar of revenue. On growth, MSCI Inc. posted the faster year-over-year revenue change (10.6% vs -5.1%). MSCI Inc. produced more free cash flow last quarter ($488.7M vs $36.9M). Over the past eight quarters, MSCI Inc.'s revenue compounded faster (10.0% 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.
MSCI Inc. is an American finance company headquartered in New York City. MSCI is a global provider of equity, fixed income, real estate indices, multi-asset portfolio analysis tools, ESG and climate finance products. It operates the MSCI World, MSCI Emerging Markets, and MSCI All Country World (ACWI) indices, among others.
CODI vs MSCI — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $468.6M | $822.5M |
| Net Profit | $-78.8M | $284.7M |
| Gross Margin | 43.1% | — |
| Operating Margin | 9.8% | 56.4% |
| Net Margin | -16.8% | 34.6% |
| Revenue YoY | -5.1% | 10.6% |
| Net Profit YoY | -14.4% | -6.8% |
| EPS (diluted) | $-0.91 | $3.81 |
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 | $822.5M | ||
| Q3 25 | $472.6M | $793.4M | ||
| Q2 25 | $478.7M | $772.7M | ||
| Q1 25 | $453.8M | $745.8M | ||
| Q4 24 | $493.9M | $743.5M | ||
| Q3 24 | $456.6M | $724.7M | ||
| Q2 24 | $426.7M | $707.9M | ||
| Q1 24 | $410.8M | $680.0M |
| Q4 25 | $-78.8M | $284.7M | ||
| Q3 25 | $-74.0M | $325.4M | ||
| Q2 25 | $-51.2M | $303.6M | ||
| Q1 25 | $-30.0M | $288.6M | ||
| Q4 24 | $-68.9M | $305.5M | ||
| Q3 24 | $-36.0M | $280.9M | ||
| Q2 24 | $-73.1M | $266.8M | ||
| Q1 24 | $-56.2M | $256.0M |
| 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 24 | 42.6% | — |
| Q4 25 | 9.8% | 56.4% | ||
| Q3 25 | -2.3% | 56.4% | ||
| Q2 25 | -5.7% | 55.0% | ||
| Q1 25 | 0.8% | 50.6% | ||
| Q4 24 | -3.8% | 54.5% | ||
| Q3 24 | 1.8% | 55.4% | ||
| Q2 24 | 1.8% | 54.0% | ||
| Q1 24 | -2.9% | 49.9% |
| Q4 25 | -16.8% | 34.6% | ||
| Q3 25 | -15.7% | 41.0% | ||
| Q2 25 | -10.7% | 39.3% | ||
| Q1 25 | -6.6% | 38.7% | ||
| Q4 24 | -13.9% | 41.1% | ||
| Q3 24 | -7.9% | 38.8% | ||
| Q2 24 | -17.1% | 37.7% | ||
| Q1 24 | -13.7% | 37.6% |
| Q4 25 | $-0.91 | $3.81 | ||
| Q3 25 | $-1.21 | $4.25 | ||
| Q2 25 | $-0.88 | $3.92 | ||
| Q1 25 | $-0.59 | $3.71 | ||
| Q4 24 | $-0.57 | $3.89 | ||
| Q3 24 | $-0.62 | $3.57 | ||
| Q2 24 | $-1.12 | $3.37 | ||
| Q1 24 | $-1.52 | $3.22 |
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 | $515.3M |
| Total DebtLower is stronger | $1.9B | $6.2B |
| Stockholders' EquityBook value | $442.0M | $-2.7B |
| Total Assets | $3.0B | $5.7B |
| Debt / EquityLower = less leverage | 4.25× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $68.0M | $515.3M | ||
| Q3 25 | $61.1M | $400.1M | ||
| Q2 25 | $73.8M | $347.3M | ||
| Q1 25 | $146.2M | $360.7M | ||
| Q4 24 | $59.7M | $409.4M | ||
| Q3 24 | $64.9M | $501.0M | ||
| Q2 24 | $61.5M | $451.4M | ||
| Q1 24 | $59.5M | $519.3M |
| Q4 25 | $1.9B | $6.2B | ||
| Q3 25 | $1.9B | $5.5B | ||
| Q2 25 | $1.9B | $4.5B | ||
| Q1 25 | $1.9B | $4.5B | ||
| Q4 24 | $1.8B | $4.5B | ||
| Q3 24 | $1.8B | $4.5B | ||
| Q2 24 | $1.7B | $4.5B | ||
| Q1 24 | $1.7B | $4.5B |
| Q4 25 | $442.0M | $-2.7B | ||
| Q3 25 | $519.2M | $-1.9B | ||
| Q2 25 | $601.9M | $-886.2M | ||
| Q1 25 | $680.7M | $-958.6M | ||
| Q4 24 | $678.6M | $-940.0M | ||
| Q3 24 | $672.2M | $-751.0M | ||
| Q2 24 | $711.3M | $-734.5M | ||
| Q1 24 | $799.7M | $-650.5M |
| Q4 25 | $3.0B | $5.7B | ||
| Q3 25 | $3.2B | $5.4B | ||
| Q2 25 | $3.3B | $5.4B | ||
| Q1 25 | $3.4B | $5.3B | ||
| Q4 24 | $3.3B | $5.4B | ||
| Q3 24 | $3.3B | $5.4B | ||
| Q2 24 | $3.2B | $5.5B | ||
| Q1 24 | $3.3B | $5.5B |
| 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× | — | ||
| Q1 24 | 2.15× | — |
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 | $501.1M |
| Free Cash FlowOCF − Capex | $36.9M | $488.7M |
| FCF MarginFCF / Revenue | 7.9% | 59.4% |
| Capex IntensityCapex / Revenue | 2.2% | 1.5% |
| Cash ConversionOCF / Net Profit | — | 1.76× |
| TTM Free Cash FlowTrailing 4 quarters | $-51.1M | $1.5B |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $47.0M | $501.1M | ||
| Q3 25 | $10.7M | $449.4M | ||
| Q2 25 | $-35.2M | $336.1M | ||
| Q1 25 | $-29.3M | $301.7M | ||
| Q4 24 | $-16.1M | $430.6M | ||
| Q3 24 | $-48.4M | $421.6M | ||
| Q2 24 | $-61.3M | $349.2M | ||
| Q1 24 | $-25.4M | $300.1M |
| Q4 25 | $36.9M | $488.7M | ||
| Q3 25 | $481.0K | $445.5M | ||
| Q2 25 | $-46.0M | $324.7M | ||
| Q1 25 | $-42.4M | $290.2M | ||
| Q4 24 | $-39.0M | $416.4M | ||
| Q3 24 | $-63.5M | $415.0M | ||
| Q2 24 | $-72.2M | $340.6M | ||
| Q1 24 | $-33.1M | $295.9M |
| Q4 25 | 7.9% | 59.4% | ||
| Q3 25 | 0.1% | 56.2% | ||
| Q2 25 | -9.6% | 42.0% | ||
| Q1 25 | -9.4% | 38.9% | ||
| Q4 24 | -7.9% | 56.0% | ||
| Q3 24 | -13.9% | 57.3% | ||
| Q2 24 | -16.9% | 48.1% | ||
| Q1 24 | -8.1% | 43.5% |
| Q4 25 | 2.2% | 1.5% | ||
| Q3 25 | 2.2% | 0.5% | ||
| Q2 25 | 2.3% | 1.5% | ||
| Q1 25 | 2.9% | 1.5% | ||
| Q4 24 | 4.6% | 1.9% | ||
| Q3 24 | 3.3% | 0.9% | ||
| Q2 24 | 2.6% | 1.2% | ||
| Q1 24 | 1.9% | 0.6% |
| Q4 25 | — | 1.76× | ||
| Q3 25 | — | 1.38× | ||
| Q2 25 | — | 1.11× | ||
| Q1 25 | — | 1.05× | ||
| Q4 24 | — | 1.41× | ||
| Q3 24 | — | 1.50× | ||
| Q2 24 | — | 1.31× | ||
| Q1 24 | — | 1.17× |
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% |
MSCI
| Recurring Subscriptions | $246.4M | 30% |
| Asset Based Fees | $211.7M | 26% |
| Analytics Segment | $182.3M | 22% |
| Sustainability And Climate Segment | $90.3M | 11% |
| Other | $70.9M | 9% |
| Non Recurring | $21.1M | 3% |
