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Side-by-side financial comparison of Compass Diversified Holdings (CODI) and Principal Financial Group (PFG). Click either name above to swap in a different company.
Principal Financial Group is the larger business by last-quarter revenue ($4.6B vs $468.6M, roughly 9.8× Compass Diversified Holdings). Principal Financial Group runs the higher net margin — 11.3% vs -16.8%, a 28.1% gap on every dollar of revenue. On growth, Principal Financial Group posted the faster year-over-year revenue change (-3.7% vs -5.1%). Over the past eight quarters, Compass Diversified Holdings's revenue compounded faster (6.8% CAGR vs 6.3%).
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.
Principal Financial GroupPFGEarnings & Financial Report
Principal Financial Group, Inc. (PFG) is an American global financial investment management and insurance company headquartered in Des Moines, Iowa, United States.
CODI vs PFG — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $468.6M | $4.6B |
| Net Profit | $-78.8M | $517.0M |
| Gross Margin | 43.1% | — |
| Operating Margin | 9.8% | — |
| Net Margin | -16.8% | 11.3% |
| Revenue YoY | -5.1% | -3.7% |
| Net Profit YoY | -14.4% | -42.9% |
| EPS (diluted) | $-0.91 | $2.30 |
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 | $4.6B | ||
| Q3 25 | $472.6M | $3.7B | ||
| Q2 25 | $478.7M | $3.7B | ||
| Q1 25 | $453.8M | $3.7B | ||
| Q4 24 | $493.9M | $4.8B | ||
| Q3 24 | $456.6M | $3.0B | ||
| Q2 24 | $426.7M | $4.3B | ||
| Q1 24 | $410.8M | $4.1B |
| Q4 25 | $-78.8M | $517.0M | ||
| Q3 25 | $-74.0M | $213.8M | ||
| Q2 25 | $-51.2M | $406.2M | ||
| Q1 25 | $-30.0M | $48.1M | ||
| Q4 24 | $-68.9M | $905.4M | ||
| Q3 24 | $-36.0M | $-220.0M | ||
| Q2 24 | $-73.1M | $353.1M | ||
| Q1 24 | $-56.2M | $532.5M |
| 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% | — | ||
| Q3 25 | -2.3% | — | ||
| Q2 25 | -5.7% | — | ||
| Q1 25 | 0.8% | — | ||
| Q4 24 | -3.8% | — | ||
| Q3 24 | 1.8% | — | ||
| Q2 24 | 1.8% | — | ||
| Q1 24 | -2.9% | — |
| Q4 25 | -16.8% | 11.3% | ||
| Q3 25 | -15.7% | 5.8% | ||
| Q2 25 | -10.7% | 11.1% | ||
| Q1 25 | -6.6% | 1.3% | ||
| Q4 24 | -13.9% | 19.1% | ||
| Q3 24 | -7.9% | -7.3% | ||
| Q2 24 | -17.1% | 8.2% | ||
| Q1 24 | -13.7% | 13.1% |
| Q4 25 | $-0.91 | $2.30 | ||
| Q3 25 | $-1.21 | $0.95 | ||
| Q2 25 | $-0.88 | $1.79 | ||
| Q1 25 | $-0.59 | $0.21 | ||
| Q4 24 | $-0.57 | $3.92 | ||
| Q3 24 | $-0.62 | $-0.95 | ||
| Q2 24 | $-1.12 | $1.49 | ||
| Q1 24 | $-1.52 | $2.22 |
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 | $4.4B |
| Total DebtLower is stronger | $1.9B | $3.9B |
| Stockholders' EquityBook value | $442.0M | $11.9B |
| Total Assets | $3.0B | $341.4B |
| Debt / EquityLower = less leverage | 4.25× | 0.33× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $68.0M | $4.4B | ||
| Q3 25 | $61.1M | $5.1B | ||
| Q2 25 | $73.8M | $3.7B | ||
| Q1 25 | $146.2M | $3.9B | ||
| Q4 24 | $59.7M | $4.2B | ||
| Q3 24 | $64.9M | $6.2B | ||
| Q2 24 | $61.5M | $4.8B | ||
| Q1 24 | $59.5M | $4.2B |
| Q4 25 | $1.9B | $3.9B | ||
| Q3 25 | $1.9B | $3.9B | ||
| Q2 25 | $1.9B | $3.9B | ||
| Q1 25 | $1.9B | $4.3B | ||
| Q4 24 | $1.8B | $4.0B | ||
| Q3 24 | $1.8B | $3.9B | ||
| Q2 24 | $1.7B | $3.9B | ||
| Q1 24 | $1.7B | $3.9B |
| Q4 25 | $442.0M | $11.9B | ||
| Q3 25 | $519.2M | $11.7B | ||
| Q2 25 | $601.9M | $11.4B | ||
| Q1 25 | $680.7M | $11.2B | ||
| Q4 24 | $678.6M | $11.1B | ||
| Q3 24 | $672.2M | $11.2B | ||
| Q2 24 | $711.3M | $11.0B | ||
| Q1 24 | $799.7M | $11.2B |
| Q4 25 | $3.0B | $341.4B | ||
| Q3 25 | $3.2B | $334.5B | ||
| Q2 25 | $3.3B | $323.1B | ||
| Q1 25 | $3.4B | $313.0B | ||
| Q4 24 | $3.3B | $313.7B | ||
| Q3 24 | $3.3B | $322.9B | ||
| Q2 24 | $3.2B | $308.8B | ||
| Q1 24 | $3.3B | $308.7B |
| Q4 25 | 4.25× | 0.33× | ||
| Q3 25 | 3.62× | 0.34× | ||
| Q2 25 | 3.09× | 0.34× | ||
| Q1 25 | 2.73× | 0.39× | ||
| Q4 24 | 2.61× | 0.36× | ||
| Q3 24 | 2.64× | 0.35× | ||
| Q2 24 | 2.42× | 0.36× | ||
| Q1 24 | 2.15× | 0.35× |
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 | $1.7B |
| Free Cash FlowOCF − Capex | $36.9M | — |
| FCF MarginFCF / Revenue | 7.9% | — |
| Capex IntensityCapex / Revenue | 2.2% | — |
| Cash ConversionOCF / Net Profit | — | 3.37× |
| TTM Free Cash FlowTrailing 4 quarters | $-51.1M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $47.0M | $1.7B | ||
| Q3 25 | $10.7M | $1.0B | ||
| Q2 25 | $-35.2M | $811.9M | ||
| Q1 25 | $-29.3M | $977.3M | ||
| Q4 24 | $-16.1M | $1.5B | ||
| Q3 24 | $-48.4M | $1.1B | ||
| Q2 24 | $-61.3M | $1.4B | ||
| Q1 24 | $-25.4M | $584.2M |
| Q4 25 | $36.9M | — | ||
| Q3 25 | $481.0K | — | ||
| Q2 25 | $-46.0M | — | ||
| Q1 25 | $-42.4M | — | ||
| Q4 24 | $-39.0M | — | ||
| Q3 24 | $-63.5M | — | ||
| Q2 24 | $-72.2M | — | ||
| Q1 24 | $-33.1M | — |
| Q4 25 | 7.9% | — | ||
| Q3 25 | 0.1% | — | ||
| Q2 25 | -9.6% | — | ||
| Q1 25 | -9.4% | — | ||
| Q4 24 | -7.9% | — | ||
| Q3 24 | -13.9% | — | ||
| Q2 24 | -16.9% | — | ||
| Q1 24 | -8.1% | — |
| Q4 25 | 2.2% | — | ||
| Q3 25 | 2.2% | — | ||
| Q2 25 | 2.3% | — | ||
| Q1 25 | 2.9% | — | ||
| Q4 24 | 4.6% | — | ||
| Q3 24 | 3.3% | — | ||
| Q2 24 | 2.6% | — | ||
| Q1 24 | 1.9% | — |
| Q4 25 | — | 3.37× | ||
| Q3 25 | — | 4.70× | ||
| Q2 25 | — | 2.00× | ||
| Q1 25 | — | 20.32× | ||
| Q4 24 | — | 1.61× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | 4.05× | ||
| Q1 24 | — | 1.10× |
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% |
PFG
| Segment Retirement And Income Solutions | $1.6B | 36% |
| Segment Benefits And Protection | $1.1B | 23% |
| Other | $582.8M | 13% |
| Segment Principal Asset Management | $465.6M | 10% |
| Subsegment Investment Management | $449.4M | 10% |
| Administrative Service | $152.2M | 3% |
| Subsegment International Pension | $91.2M | 2% |
| Segment Corporate | $73.0M | 2% |
| Subsegment Life Insurance | $26.1M | 1% |
| Financial Service Other | $25.1M | 1% |
| Residential Mortgage | $7.4M | 0% |
| Subsegment Specialty Benefits | $3.7M | 0% |
| Deposit Account | $3.4M | 0% |
| Commission Income | $1.8M | 0% |
