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Side-by-side financial comparison of Compass Diversified Holdings (CODI) and PHINIA INC. (PHIN). Click either name above to swap in a different company.
PHINIA INC. is the larger business by last-quarter revenue ($889.0M vs $468.6M, roughly 1.9× Compass Diversified Holdings). On growth, PHINIA INC. posted the faster year-over-year revenue change (6.7% vs -5.1%). PHINIA INC. produced more free cash flow last quarter ($67.0M vs $36.9M). Over the past eight quarters, Compass Diversified Holdings's revenue compounded faster (6.8% CAGR vs 1.5%).
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.
PHINIA Inc. is a global automotive technology provider specializing in fuel injection systems, starters, alternators, and hybrid/electric vehicle components. It serves OEMs and aftermarket customers across North America, Europe, Asia Pacific and key markets, covering passenger car, commercial vehicle and industrial mobility segments.
CODI vs PHIN — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $468.6M | $889.0M |
| Net Profit | $-78.8M | — |
| Gross Margin | 43.1% | 21.7% |
| Operating Margin | 9.8% | 7.8% |
| Net Margin | -16.8% | — |
| Revenue YoY | -5.1% | 6.7% |
| Net Profit YoY | -14.4% | — |
| EPS (diluted) | $-0.91 | $1.14 |
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 | $889.0M | ||
| Q3 25 | $472.6M | $908.0M | ||
| Q2 25 | $478.7M | $890.0M | ||
| Q1 25 | $453.8M | $796.0M | ||
| Q4 24 | $493.9M | $833.0M | ||
| Q3 24 | $456.6M | $839.0M | ||
| Q2 24 | $426.7M | $868.0M | ||
| Q1 24 | $410.8M | $863.0M |
| Q4 25 | $-78.8M | — | ||
| Q3 25 | $-74.0M | $13.0M | ||
| Q2 25 | $-51.2M | $46.0M | ||
| Q1 25 | $-30.0M | $26.0M | ||
| Q4 24 | $-68.9M | — | ||
| Q3 24 | $-36.0M | $31.0M | ||
| Q2 24 | $-73.1M | $14.0M | ||
| Q1 24 | $-56.2M | $29.0M |
| Q4 25 | 43.1% | 21.7% | ||
| Q3 25 | 44.0% | 22.0% | ||
| Q2 25 | 43.6% | 22.1% | ||
| Q1 25 | 43.2% | 21.6% | ||
| Q4 24 | 38.6% | 22.7% | ||
| Q3 24 | 43.1% | 22.3% | ||
| Q2 24 | 44.1% | 21.7% | ||
| Q1 24 | 42.6% | 22.2% |
| Q4 25 | 9.8% | 7.8% | ||
| Q3 25 | -2.3% | 3.7% | ||
| Q2 25 | -5.7% | 10.0% | ||
| Q1 25 | 0.8% | 7.8% | ||
| Q4 24 | -3.8% | 6.1% | ||
| Q3 24 | 1.8% | 7.9% | ||
| Q2 24 | 1.8% | 8.2% | ||
| Q1 24 | -2.9% | 8.2% |
| Q4 25 | -16.8% | — | ||
| Q3 25 | -15.7% | 1.4% | ||
| Q2 25 | -10.7% | 5.2% | ||
| Q1 25 | -6.6% | 3.3% | ||
| Q4 24 | -13.9% | — | ||
| Q3 24 | -7.9% | 3.7% | ||
| Q2 24 | -17.1% | 1.6% | ||
| Q1 24 | -13.7% | 3.4% |
| Q4 25 | $-0.91 | $1.14 | ||
| Q3 25 | $-1.21 | $0.33 | ||
| Q2 25 | $-0.88 | $1.14 | ||
| Q1 25 | $-0.59 | $0.63 | ||
| Q4 24 | $-0.57 | $0.13 | ||
| Q3 24 | $-0.62 | $0.70 | ||
| Q2 24 | $-1.12 | $0.31 | ||
| Q1 24 | $-1.52 | $0.62 |
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 | $359.0M |
| Total DebtLower is stronger | $1.9B | $970.0M |
| Stockholders' EquityBook value | $442.0M | $1.6B |
| Total Assets | $3.0B | $3.8B |
| Debt / EquityLower = less leverage | 4.25× | 0.61× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $68.0M | $359.0M | ||
| Q3 25 | $61.1M | $349.0M | ||
| Q2 25 | $73.8M | $347.0M | ||
| Q1 25 | $146.2M | $373.0M | ||
| Q4 24 | $59.7M | $484.0M | ||
| Q3 24 | $64.9M | $477.0M | ||
| Q2 24 | $61.5M | $339.0M | ||
| Q1 24 | $59.5M | $325.0M |
| Q4 25 | $1.9B | $970.0M | ||
| Q3 25 | $1.9B | $990.0M | ||
| Q2 25 | $1.9B | $990.0M | ||
| Q1 25 | $1.9B | $989.0M | ||
| Q4 24 | $1.8B | $988.0M | ||
| Q3 24 | $1.8B | $987.0M | ||
| Q2 24 | $1.7B | $821.0M | ||
| Q1 24 | $1.7B | $706.0M |
| Q4 25 | $442.0M | $1.6B | ||
| Q3 25 | $519.2M | $1.6B | ||
| Q2 25 | $601.9M | $1.6B | ||
| Q1 25 | $680.7M | $1.5B | ||
| Q4 24 | $678.6M | $1.6B | ||
| Q3 24 | $672.2M | $1.7B | ||
| Q2 24 | $711.3M | $1.7B | ||
| Q1 24 | $799.7M | $1.9B |
| Q4 25 | $3.0B | $3.8B | ||
| Q3 25 | $3.2B | $4.0B | ||
| Q2 25 | $3.3B | $3.9B | ||
| Q1 25 | $3.4B | $3.7B | ||
| Q4 24 | $3.3B | $3.8B | ||
| Q3 24 | $3.3B | $4.0B | ||
| Q2 24 | $3.2B | $3.9B | ||
| Q1 24 | $3.3B | $4.0B |
| Q4 25 | 4.25× | 0.61× | ||
| Q3 25 | 3.62× | 0.62× | ||
| Q2 25 | 3.09× | 0.61× | ||
| Q1 25 | 2.73× | 0.64× | ||
| Q4 24 | 2.61× | 0.63× | ||
| Q3 24 | 2.64× | 0.58× | ||
| Q2 24 | 2.42× | 0.47× | ||
| Q1 24 | 2.15× | 0.38× |
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 | $96.0M |
| Free Cash FlowOCF − Capex | $36.9M | $67.0M |
| FCF MarginFCF / Revenue | 7.9% | 7.5% |
| Capex IntensityCapex / Revenue | 2.2% | 3.3% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $-51.1M | $188.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $47.0M | $96.0M | ||
| Q3 25 | $10.7M | $119.0M | ||
| Q2 25 | $-35.2M | $57.0M | ||
| Q1 25 | $-29.3M | $40.0M | ||
| Q4 24 | $-16.1M | $73.0M | ||
| Q3 24 | $-48.4M | $95.0M | ||
| Q2 24 | $-61.3M | $109.0M | ||
| Q1 24 | $-25.4M | $31.0M |
| Q4 25 | $36.9M | $67.0M | ||
| Q3 25 | $481.0K | $93.0M | ||
| Q2 25 | $-46.0M | $23.0M | ||
| Q1 25 | $-42.4M | $5.0M | ||
| Q4 24 | $-39.0M | $53.0M | ||
| Q3 24 | $-63.5M | $70.0M | ||
| Q2 24 | $-72.2M | $92.0M | ||
| Q1 24 | $-33.1M | $-12.0M |
| Q4 25 | 7.9% | 7.5% | ||
| Q3 25 | 0.1% | 10.2% | ||
| Q2 25 | -9.6% | 2.6% | ||
| Q1 25 | -9.4% | 0.6% | ||
| Q4 24 | -7.9% | 6.4% | ||
| Q3 24 | -13.9% | 8.3% | ||
| Q2 24 | -16.9% | 10.6% | ||
| Q1 24 | -8.1% | -1.4% |
| Q4 25 | 2.2% | 3.3% | ||
| Q3 25 | 2.2% | 2.9% | ||
| Q2 25 | 2.3% | 3.8% | ||
| Q1 25 | 2.9% | 4.4% | ||
| Q4 24 | 4.6% | 2.4% | ||
| Q3 24 | 3.3% | 3.0% | ||
| Q2 24 | 2.6% | 2.0% | ||
| Q1 24 | 1.9% | 5.0% |
| Q4 25 | — | — | ||
| Q3 25 | — | 9.15× | ||
| Q2 25 | — | 1.24× | ||
| Q1 25 | — | 1.54× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 3.06× | ||
| Q2 24 | — | 7.79× | ||
| Q1 24 | — | 1.07× |
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% |
PHIN
| Customer | $618.0M | 70% |
| Fuel Systems | $194.0M | 22% |
| Other | $77.0M | 9% |
