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Side-by-side financial comparison of Compass Diversified Holdings (CODI) and Construction Partners, Inc. (ROAD). Click either name above to swap in a different company.
Construction Partners, Inc. is the larger business by last-quarter revenue ($809.5M vs $468.6M, roughly 1.7× Compass Diversified Holdings). Construction Partners, Inc. runs the higher net margin — 2.1% vs -16.8%, a 18.9% gap on every dollar of revenue. On growth, Construction Partners, Inc. posted the faster year-over-year revenue change (44.1% vs -5.1%). Construction Partners, Inc. produced more free cash flow last quarter ($47.1M vs $36.9M). Over the past eight quarters, Construction Partners, Inc.'s revenue compounded faster (47.6% 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.
Alexander Construction Company was a Palm Springs, California, residential development company that built over 2,200 houses in the Coachella Valley of Riverside County, California, between 1955 and 1965.
CODI vs ROAD — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $468.6M | $809.5M |
| Net Profit | $-78.8M | $17.2M |
| Gross Margin | 43.1% | 15.0% |
| Operating Margin | 9.8% | 6.2% |
| Net Margin | -16.8% | 2.1% |
| Revenue YoY | -5.1% | 44.1% |
| Net Profit YoY | -14.4% | 663.9% |
| EPS (diluted) | $-0.91 | $0.31 |
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 | $809.5M | ||
| Q3 25 | $472.6M | $899.8M | ||
| Q2 25 | $478.7M | $779.3M | ||
| Q1 25 | $453.8M | $571.6M | ||
| Q4 24 | $493.9M | $561.6M | ||
| Q3 24 | $456.6M | $538.2M | ||
| Q2 24 | $426.7M | $517.8M | ||
| Q1 24 | $410.8M | $371.4M |
| Q4 25 | $-78.8M | $17.2M | ||
| Q3 25 | $-74.0M | $56.6M | ||
| Q2 25 | $-51.2M | $44.0M | ||
| Q1 25 | $-30.0M | $4.2M | ||
| Q4 24 | $-68.9M | $-3.1M | ||
| Q3 24 | $-36.0M | $29.3M | ||
| Q2 24 | $-73.1M | $30.9M | ||
| Q1 24 | $-56.2M | $-1.1M |
| Q4 25 | 43.1% | 15.0% | ||
| Q3 25 | 44.0% | 17.7% | ||
| Q2 25 | 43.6% | 16.9% | ||
| Q1 25 | 43.2% | 12.5% | ||
| Q4 24 | 38.6% | 13.6% | ||
| Q3 24 | 43.1% | 15.6% | ||
| Q2 24 | 44.1% | 16.1% | ||
| Q1 24 | 42.6% | 10.4% |
| Q4 25 | 9.8% | 6.2% | ||
| Q3 25 | -2.3% | 11.2% | ||
| Q2 25 | -5.7% | 10.6% | ||
| Q1 25 | 0.8% | 4.8% | ||
| Q4 24 | -3.8% | 2.5% | ||
| Q3 24 | 1.8% | 8.5% | ||
| Q2 24 | 1.8% | 8.8% | ||
| Q1 24 | -2.9% | 0.8% |
| Q4 25 | -16.8% | 2.1% | ||
| Q3 25 | -15.7% | 6.3% | ||
| Q2 25 | -10.7% | 5.7% | ||
| Q1 25 | -6.6% | 0.7% | ||
| Q4 24 | -13.9% | -0.5% | ||
| Q3 24 | -7.9% | 5.4% | ||
| Q2 24 | -17.1% | 6.0% | ||
| Q1 24 | -13.7% | -0.3% |
| Q4 25 | $-0.91 | $0.31 | ||
| Q3 25 | $-1.21 | $1.03 | ||
| Q2 25 | $-0.88 | $0.79 | ||
| Q1 25 | $-0.59 | $0.08 | ||
| Q4 24 | $-0.57 | $-0.06 | ||
| Q3 24 | $-0.62 | $0.55 | ||
| Q2 24 | $-1.12 | $0.59 | ||
| Q1 24 | $-1.52 | $-0.02 |
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 | $104.1M |
| Total DebtLower is stronger | $1.9B | — |
| Stockholders' EquityBook value | $442.0M | $969.1M |
| Total Assets | $3.0B | $3.4B |
| Debt / EquityLower = less leverage | 4.25× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $68.0M | $104.1M | ||
| Q3 25 | $61.1M | $156.1M | ||
| Q2 25 | $73.8M | $114.3M | ||
| Q1 25 | $146.2M | $101.9M | ||
| Q4 24 | $59.7M | $132.5M | ||
| Q3 24 | $64.9M | $74.7M | ||
| Q2 24 | $61.5M | $56.3M | ||
| Q1 24 | $59.5M | $48.0M |
| Q4 25 | $1.9B | — | ||
| Q3 25 | $1.9B | $1.6B | ||
| Q2 25 | $1.9B | — | ||
| Q1 25 | $1.9B | — | ||
| Q4 24 | $1.8B | — | ||
| Q3 24 | $1.8B | $515.0M | ||
| Q2 24 | $1.7B | — | ||
| Q1 24 | $1.7B | — |
| Q4 25 | $442.0M | $969.1M | ||
| Q3 25 | $519.2M | $912.0M | ||
| Q2 25 | $601.9M | $853.3M | ||
| Q1 25 | $680.7M | $807.9M | ||
| Q4 24 | $678.6M | $811.1M | ||
| Q3 24 | $672.2M | $573.7M | ||
| Q2 24 | $711.3M | $552.9M | ||
| Q1 24 | $799.7M | $525.0M |
| Q4 25 | $3.0B | $3.4B | ||
| Q3 25 | $3.2B | $3.2B | ||
| Q2 25 | $3.3B | $2.9B | ||
| Q1 25 | $3.4B | $2.8B | ||
| Q4 24 | $3.3B | $2.6B | ||
| Q3 24 | $3.3B | $1.5B | ||
| Q2 24 | $3.2B | $1.4B | ||
| Q1 24 | $3.3B | $1.3B |
| Q4 25 | 4.25× | — | ||
| Q3 25 | 3.62× | 1.78× | ||
| Q2 25 | 3.09× | — | ||
| Q1 25 | 2.73× | — | ||
| Q4 24 | 2.61× | — | ||
| Q3 24 | 2.64× | 0.90× | ||
| 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 | $82.6M |
| Free Cash FlowOCF − Capex | $36.9M | $47.1M |
| FCF MarginFCF / Revenue | 7.9% | 5.8% |
| Capex IntensityCapex / Revenue | 2.2% | 4.4% |
| Cash ConversionOCF / Net Profit | — | 4.80× |
| TTM Free Cash FlowTrailing 4 quarters | $-51.1M | $186.6M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $47.0M | $82.6M | ||
| Q3 25 | $10.7M | $112.0M | ||
| Q2 25 | $-35.2M | $83.0M | ||
| Q1 25 | $-29.3M | $55.6M | ||
| Q4 24 | $-16.1M | $40.7M | ||
| Q3 24 | $-48.4M | $95.9M | ||
| Q2 24 | $-61.3M | $34.6M | ||
| Q1 24 | $-25.4M | $18.2M |
| Q4 25 | $36.9M | $47.1M | ||
| Q3 25 | $481.0K | $78.9M | ||
| Q2 25 | $-46.0M | $46.4M | ||
| Q1 25 | $-42.4M | $14.2M | ||
| Q4 24 | $-39.0M | $13.8M | ||
| Q3 24 | $-63.5M | $78.4M | ||
| Q2 24 | $-72.2M | $19.7M | ||
| Q1 24 | $-33.1M | $-10.6M |
| Q4 25 | 7.9% | 5.8% | ||
| Q3 25 | 0.1% | 8.8% | ||
| Q2 25 | -9.6% | 5.9% | ||
| Q1 25 | -9.4% | 2.5% | ||
| Q4 24 | -7.9% | 2.5% | ||
| Q3 24 | -13.9% | 14.6% | ||
| Q2 24 | -16.9% | 3.8% | ||
| Q1 24 | -8.1% | -2.8% |
| Q4 25 | 2.2% | 4.4% | ||
| Q3 25 | 2.2% | 3.7% | ||
| Q2 25 | 2.3% | 4.7% | ||
| Q1 25 | 2.9% | 7.2% | ||
| Q4 24 | 4.6% | 4.8% | ||
| Q3 24 | 3.3% | 3.3% | ||
| Q2 24 | 2.6% | 2.9% | ||
| Q1 24 | 1.9% | 7.7% |
| Q4 25 | — | 4.80× | ||
| Q3 25 | — | 1.98× | ||
| Q2 25 | — | 1.88× | ||
| Q1 25 | — | 13.20× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 3.27× | ||
| Q2 24 | — | 1.12× | ||
| 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% |
ROAD
Segment breakdown not available.
