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Side-by-side financial comparison of Compass Diversified Holdings (CODI) and Purple Innovation, Inc. (PRPL). Click either name above to swap in a different company.
Compass Diversified Holdings is the larger business by last-quarter revenue ($468.6M vs $140.7M, roughly 3.3× Purple Innovation, Inc.). Purple Innovation, Inc. runs the higher net margin — -2.3% vs -16.8%, a 14.5% gap on every dollar of revenue. On growth, Purple Innovation, Inc. posted the faster year-over-year revenue change (9.1% vs -5.1%). Compass Diversified Holdings produced more free cash flow last quarter ($36.9M vs $-7.8M). Over the past eight quarters, Purple Innovation, Inc.'s revenue compounded faster (8.3% 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.
Purple Carrot is a Needham, Massachusetts-based, and 100% plant-based meal kit company. Founded by Andy Levitt, it offers both prepared meals as well as meal kits to subscribers weekly. As stated in a 2022 article in Cosmopolitan, “each Purple Carrot meal kit results in 72% less carbon being released into the atmosphere as compared to the standard American meal.”
CODI vs PRPL — Head-to-Head
Income Statement — Q4 2025 vs Q4 2025
| Metric | | |
|---|---|---|
| Revenue | $468.6M | $140.7M |
| Net Profit | $-78.8M | $-3.2M |
| Gross Margin | 43.1% | 41.9% |
| Operating Margin | 9.8% | -1.6% |
| Net Margin | -16.8% | -2.3% |
| Revenue YoY | -5.1% | 9.1% |
| Net Profit YoY | -14.4% | 62.1% |
| EPS (diluted) | $-0.91 | $0.03 |
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 | $140.7M | ||
| Q3 25 | $472.6M | $118.8M | ||
| Q2 25 | $478.7M | $105.1M | ||
| Q1 25 | $453.8M | $104.2M | ||
| Q4 24 | $493.9M | $129.0M | ||
| Q3 24 | $456.6M | $118.6M | ||
| Q2 24 | $426.7M | $120.3M | ||
| Q1 24 | $410.8M | $120.0M |
| Q4 25 | $-78.8M | $-3.2M | ||
| Q3 25 | $-74.0M | $-11.7M | ||
| Q2 25 | $-51.2M | $-17.3M | ||
| Q1 25 | $-30.0M | $-19.1M | ||
| Q4 24 | $-68.9M | $-8.5M | ||
| Q3 24 | $-36.0M | $-39.2M | ||
| Q2 24 | $-73.1M | $27.0K | ||
| Q1 24 | $-56.2M | $-50.2M |
| Q4 25 | 43.1% | 41.9% | ||
| Q3 25 | 44.0% | 42.8% | ||
| Q2 25 | 43.6% | 35.9% | ||
| Q1 25 | 43.2% | 39.4% | ||
| Q4 24 | 38.6% | 42.9% | ||
| Q3 24 | 43.1% | 29.7% | ||
| Q2 24 | 44.1% | 40.7% | ||
| Q1 24 | 42.6% | 34.8% |
| Q4 25 | 9.8% | -1.6% | ||
| Q3 25 | -2.3% | -10.2% | ||
| Q2 25 | -5.7% | -13.5% | ||
| Q1 25 | 0.8% | -13.9% | ||
| Q4 24 | -3.8% | -6.0% | ||
| Q3 24 | 1.8% | -39.5% | ||
| Q2 24 | 1.8% | -12.1% | ||
| Q1 24 | -2.9% | -19.3% |
| Q4 25 | -16.8% | -2.3% | ||
| Q3 25 | -15.7% | -9.9% | ||
| Q2 25 | -10.7% | -16.5% | ||
| Q1 25 | -6.6% | -18.4% | ||
| Q4 24 | -13.9% | -6.6% | ||
| Q3 24 | -7.9% | -33.1% | ||
| Q2 24 | -17.1% | 0.0% | ||
| Q1 24 | -13.7% | -41.8% |
| Q4 25 | $-0.91 | $0.03 | ||
| Q3 25 | $-1.21 | $0.11 | ||
| Q2 25 | $-0.88 | $0.16 | ||
| Q1 25 | $-0.59 | $0.18 | ||
| Q4 24 | $-0.57 | $0.08 | ||
| Q3 24 | $-0.62 | $0.36 | ||
| Q2 24 | $-1.12 | $0.00 | ||
| Q1 24 | $-1.52 | $0.47 |
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 | $24.3M |
| Total DebtLower is stronger | $1.9B | $126.7M |
| Stockholders' EquityBook value | $442.0M | $-29.7M |
| Total Assets | $3.0B | $296.3M |
| Debt / EquityLower = less leverage | 4.25× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $68.0M | $24.3M | ||
| Q3 25 | $61.1M | $32.4M | ||
| Q2 25 | $73.8M | $34.2M | ||
| Q1 25 | $146.2M | $21.6M | ||
| Q4 24 | $59.7M | $29.0M | ||
| Q3 24 | $64.9M | $23.4M | ||
| Q2 24 | $61.5M | $23.4M | ||
| Q1 24 | $59.5M | $34.5M |
| Q4 25 | $1.9B | $126.7M | ||
| Q3 25 | $1.9B | — | ||
| Q2 25 | $1.9B | — | ||
| Q1 25 | $1.9B | — | ||
| Q4 24 | $1.8B | $70.7M | ||
| Q3 24 | $1.8B | $50.8M | ||
| Q2 24 | $1.7B | — | ||
| Q1 24 | $1.7B | — |
| Q4 25 | $442.0M | $-29.7M | ||
| Q3 25 | $519.2M | $-26.9M | ||
| Q2 25 | $601.9M | $-15.6M | ||
| Q1 25 | $680.7M | $1.3M | ||
| Q4 24 | $678.6M | $20.2M | ||
| Q3 24 | $672.2M | $28.0M | ||
| Q2 24 | $711.3M | $66.4M | ||
| Q1 24 | $799.7M | $65.5M |
| Q4 25 | $3.0B | $296.3M | ||
| Q3 25 | $3.2B | $302.1M | ||
| Q2 25 | $3.3B | $303.8M | ||
| Q1 25 | $3.4B | $293.8M | ||
| Q4 24 | $3.3B | $307.8M | ||
| Q3 24 | $3.3B | $309.3M | ||
| Q2 24 | $3.2B | $362.1M | ||
| Q1 24 | $3.3B | $382.1M |
| Q4 25 | 4.25× | — | ||
| Q3 25 | 3.62× | — | ||
| Q2 25 | 3.09× | — | ||
| Q1 25 | 2.73× | — | ||
| Q4 24 | 2.61× | 3.50× | ||
| Q3 24 | 2.64× | 1.82× | ||
| 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 | $-5.8M |
| Free Cash FlowOCF − Capex | $36.9M | $-7.8M |
| FCF MarginFCF / Revenue | 7.9% | -5.5% |
| Capex IntensityCapex / Revenue | 2.2% | 1.4% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $-51.1M | $-41.9M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $47.0M | $-5.8M | ||
| Q3 25 | $10.7M | $-968.0K | ||
| Q2 25 | $-35.2M | $-4.0M | ||
| Q1 25 | $-29.3M | $-23.1M | ||
| Q4 24 | $-16.1M | $6.8M | ||
| Q3 24 | $-48.4M | $1.1M | ||
| Q2 24 | $-61.3M | $-8.9M | ||
| Q1 24 | $-25.4M | $-16.8M |
| Q4 25 | $36.9M | $-7.8M | ||
| Q3 25 | $481.0K | $-1.8M | ||
| Q2 25 | $-46.0M | $-7.0M | ||
| Q1 25 | $-42.4M | $-25.3M | ||
| Q4 24 | $-39.0M | $5.7M | ||
| Q3 24 | $-63.5M | $101.0K | ||
| Q2 24 | $-72.2M | $-11.0M | ||
| Q1 24 | $-33.1M | $-19.9M |
| Q4 25 | 7.9% | -5.5% | ||
| Q3 25 | 0.1% | -1.5% | ||
| Q2 25 | -9.6% | -6.6% | ||
| Q1 25 | -9.4% | -24.3% | ||
| Q4 24 | -7.9% | 4.4% | ||
| Q3 24 | -13.9% | 0.1% | ||
| Q2 24 | -16.9% | -9.2% | ||
| Q1 24 | -8.1% | -16.5% |
| Q4 25 | 2.2% | 1.4% | ||
| Q3 25 | 2.2% | 0.7% | ||
| Q2 25 | 2.3% | 2.8% | ||
| Q1 25 | 2.9% | 2.2% | ||
| Q4 24 | 4.6% | 0.8% | ||
| Q3 24 | 3.3% | 0.9% | ||
| Q2 24 | 2.6% | 1.7% | ||
| Q1 24 | 1.9% | 2.5% |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | -330.22× | ||
| Q1 24 | — | — |
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% |
PRPL
Segment breakdown not available.
