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Side-by-side financial comparison of Compass Diversified Holdings (CODI) and PEGASYSTEMS INC (PEGA). Click either name above to swap in a different company.
Compass Diversified Holdings is the larger business by last-quarter revenue ($468.6M vs $430.0M, roughly 1.1× PEGASYSTEMS INC). PEGASYSTEMS INC runs the higher net margin — 7.6% vs -16.8%, a 24.4% gap on every dollar of revenue. On growth, Compass Diversified Holdings posted the faster year-over-year revenue change (-5.1% vs -9.6%). PEGASYSTEMS INC produced more free cash flow last quarter ($206.5M vs $36.9M). Over the past eight quarters, PEGASYSTEMS INC's revenue compounded faster (10.7% 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.
Pegasystems Inc. (Pega) is a global software company based in Waltham, Massachusetts, in the United States, and founded in 1983. The company has been publicly traded since 1996 as PEGA (NASDAQ). Pega is a low-code platform for workflow automation and generative AI-powered decision-making for businesses.
CODI vs PEGA — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $468.6M | $430.0M |
| Net Profit | $-78.8M | $32.8M |
| Gross Margin | 43.1% | 75.2% |
| Operating Margin | 9.8% | 8.6% |
| Net Margin | -16.8% | 7.6% |
| Revenue YoY | -5.1% | -9.6% |
| Net Profit YoY | -14.4% | -61.6% |
| EPS (diluted) | $-0.91 | $0.18 |
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 | — | $430.0M | ||
| Q4 25 | $468.6M | $504.3M | ||
| Q3 25 | $472.6M | $381.4M | ||
| Q2 25 | $478.7M | $384.5M | ||
| Q1 25 | $453.8M | $475.6M | ||
| Q4 24 | $493.9M | $490.8M | ||
| Q3 24 | $456.6M | $325.1M | ||
| Q2 24 | $426.7M | $351.2M |
| Q1 26 | — | $32.8M | ||
| Q4 25 | $-78.8M | $234.6M | ||
| Q3 25 | $-74.0M | $43.4M | ||
| Q2 25 | $-51.2M | $30.1M | ||
| Q1 25 | $-30.0M | $85.4M | ||
| Q4 24 | $-68.9M | $119.1M | ||
| Q3 24 | $-36.0M | $-14.4M | ||
| Q2 24 | $-73.1M | $6.6M |
| Q1 26 | — | 75.2% | ||
| Q4 25 | 43.1% | 79.5% | ||
| Q3 25 | 44.0% | 72.2% | ||
| Q2 25 | 43.6% | 71.5% | ||
| Q1 25 | 43.2% | 78.5% | ||
| Q4 24 | 38.6% | 79.1% | ||
| Q3 24 | 43.1% | 70.2% | ||
| Q2 24 | 44.1% | 72.4% |
| Q1 26 | — | 8.6% | ||
| Q4 25 | 9.8% | 20.7% | ||
| Q3 25 | -2.3% | 3.8% | ||
| Q2 25 | -5.7% | 4.5% | ||
| Q1 25 | 0.8% | 26.7% | ||
| Q4 24 | -3.8% | 29.1% | ||
| Q3 24 | 1.8% | -3.6% | ||
| Q2 24 | 1.8% | 3.7% |
| Q1 26 | — | 7.6% | ||
| Q4 25 | -16.8% | 46.5% | ||
| Q3 25 | -15.7% | 11.4% | ||
| Q2 25 | -10.7% | 7.8% | ||
| Q1 25 | -6.6% | 18.0% | ||
| Q4 24 | -13.9% | 24.3% | ||
| Q3 24 | -7.9% | -4.4% | ||
| Q2 24 | -17.1% | 1.9% |
| Q1 26 | — | $0.18 | ||
| Q4 25 | $-0.91 | $0.81 | ||
| Q3 25 | $-1.21 | $0.24 | ||
| Q2 25 | $-0.88 | $0.17 | ||
| Q1 25 | $-0.59 | $0.91 | ||
| Q4 24 | $-0.57 | $1.35 | ||
| Q3 24 | $-0.62 | $-0.17 | ||
| Q2 24 | $-1.12 | $0.07 |
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 | $270.0M |
| Total DebtLower is stronger | $1.9B | — |
| Stockholders' EquityBook value | $442.0M | $705.9M |
| Total Assets | $3.0B | $1.6B |
| Debt / EquityLower = less leverage | 4.25× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $270.0M | ||
| Q4 25 | $68.0M | $425.8M | ||
| Q3 25 | $61.1M | $351.4M | ||
| Q2 25 | $73.8M | $411.6M | ||
| Q1 25 | $146.2M | $371.7M | ||
| Q4 24 | $59.7M | $740.0M | ||
| Q3 24 | $64.9M | $703.0M | ||
| Q2 24 | $61.5M | $665.1M |
| Q1 26 | — | — | ||
| 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 | — | $705.9M | ||
| Q4 25 | $442.0M | $787.4M | ||
| Q3 25 | $519.2M | $596.8M | ||
| Q2 25 | $601.9M | $624.5M | ||
| Q1 25 | $680.7M | $611.3M | ||
| Q4 24 | $678.6M | $585.5M | ||
| Q3 24 | $672.2M | $473.0M | ||
| Q2 24 | $711.3M | $435.4M |
| Q1 26 | — | $1.6B | ||
| Q4 25 | $3.0B | $1.6B | ||
| Q3 25 | $3.2B | $1.3B | ||
| Q2 25 | $3.3B | $1.3B | ||
| Q1 25 | $3.4B | $1.3B | ||
| Q4 24 | $3.3B | $1.8B | ||
| Q3 24 | $3.3B | $1.6B | ||
| Q2 24 | $3.2B | $1.5B |
| Q1 26 | — | — | ||
| 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 | $206.5M |
| FCF MarginFCF / Revenue | 7.9% | 48.0% |
| Capex IntensityCapex / Revenue | 2.2% | — |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $-51.1M | $494.9M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $47.0M | $158.4M | ||
| Q3 25 | $10.7M | $56.3M | ||
| Q2 25 | $-35.2M | $86.3M | ||
| Q1 25 | $-29.3M | $204.2M | ||
| Q4 24 | $-16.1M | $95.2M | ||
| Q3 24 | $-48.4M | $30.5M | ||
| Q2 24 | $-61.3M | $40.1M |
| Q1 26 | — | $206.5M | ||
| Q4 25 | $36.9M | $152.4M | ||
| Q3 25 | $481.0K | $51.8M | ||
| Q2 25 | $-46.0M | $84.1M | ||
| Q1 25 | $-42.4M | $202.3M | ||
| Q4 24 | $-39.0M | $92.4M | ||
| Q3 24 | $-63.5M | $27.4M | ||
| Q2 24 | $-72.2M | $38.8M |
| Q1 26 | — | 48.0% | ||
| Q4 25 | 7.9% | 30.2% | ||
| Q3 25 | 0.1% | 13.6% | ||
| Q2 25 | -9.6% | 21.9% | ||
| Q1 25 | -9.4% | 42.5% | ||
| Q4 24 | -7.9% | 18.8% | ||
| Q3 24 | -13.9% | 8.4% | ||
| Q2 24 | -16.9% | 11.1% |
| Q1 26 | — | — | ||
| Q4 25 | 2.2% | 1.2% | ||
| Q3 25 | 2.2% | 1.2% | ||
| Q2 25 | 2.3% | 0.6% | ||
| Q1 25 | 2.9% | 0.4% | ||
| Q4 24 | 4.6% | 0.6% | ||
| Q3 24 | 3.3% | 0.9% | ||
| Q2 24 | 2.6% | 0.4% |
| Q1 26 | — | — | ||
| Q4 25 | — | 0.68× | ||
| Q3 25 | — | 1.30× | ||
| Q2 25 | — | 2.87× | ||
| Q1 25 | — | 2.39× | ||
| Q4 24 | — | 0.80× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | 6.06× |
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% |
PEGA
| Pega Cloud | $205.0M | 48% |
| Subscription license | $94.9M | 22% |
| Maintenance | $75.3M | 18% |
| Consulting | $54.8M | 13% |
