vs
Side-by-side financial comparison of Compass Diversified Holdings (CODI) and SouthState Bank Corp (SSB). Click either name above to swap in a different company.
SouthState Bank Corp is the larger business by last-quarter revenue ($661.7M vs $468.6M, roughly 1.4× Compass Diversified Holdings). SouthState Bank Corp runs the higher net margin — 34.1% vs -16.8%, a 50.9% gap on every dollar of revenue. Over the past eight quarters, SouthState Bank Corp's revenue compounded faster (37.4% 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.
SouthState Bank, based in Winter Haven, Florida, is an American bank and a subsidiary of SouthState Corporation, a bank holding company. As of May 26, 2025, the company had 371 branches in South Carolina, North Carolina, Georgia, Florida, Alabama, Virginia, Colorado and Texas.
CODI vs SSB — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $468.6M | $661.7M |
| Net Profit | $-78.8M | $225.8M |
| Gross Margin | 43.1% | — |
| Operating Margin | 9.8% | 15.1% |
| Net Margin | -16.8% | 34.1% |
| Revenue YoY | -5.1% | — |
| Net Profit YoY | -14.4% | 153.5% |
| EPS (diluted) | $-0.91 | $2.28 |
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 | — | $661.7M | ||
| Q4 25 | $468.6M | $581.1M | ||
| Q3 25 | $472.6M | $599.7M | ||
| Q2 25 | $478.7M | $577.9M | ||
| Q1 25 | $453.8M | $544.5M | ||
| Q4 24 | $493.9M | $369.8M | ||
| Q3 24 | $456.6M | $351.5M | ||
| Q2 24 | $426.7M | $350.3M |
| Q1 26 | — | $225.8M | ||
| Q4 25 | $-78.8M | $247.7M | ||
| Q3 25 | $-74.0M | $246.6M | ||
| Q2 25 | $-51.2M | $215.2M | ||
| Q1 25 | $-30.0M | $89.1M | ||
| Q4 24 | $-68.9M | $144.2M | ||
| Q3 24 | $-36.0M | $143.2M | ||
| Q2 24 | $-73.1M | $132.4M |
| Q1 26 | — | — | ||
| 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 26 | — | 15.1% | ||
| Q4 25 | 9.8% | 54.3% | ||
| Q3 25 | -2.3% | 53.6% | ||
| Q2 25 | -5.7% | 48.8% | ||
| Q1 25 | 0.8% | 22.3% | ||
| Q4 24 | -3.8% | 50.7% | ||
| Q3 24 | 1.8% | 53.1% | ||
| Q2 24 | 1.8% | 49.3% |
| Q1 26 | — | 34.1% | ||
| Q4 25 | -16.8% | 42.6% | ||
| Q3 25 | -15.7% | 41.1% | ||
| Q2 25 | -10.7% | 37.2% | ||
| Q1 25 | -6.6% | 16.4% | ||
| Q4 24 | -13.9% | 39.0% | ||
| Q3 24 | -7.9% | 40.7% | ||
| Q2 24 | -17.1% | 37.8% |
| Q1 26 | — | $2.28 | ||
| Q4 25 | $-0.91 | $2.47 | ||
| Q3 25 | $-1.21 | $2.42 | ||
| Q2 25 | $-0.88 | $2.11 | ||
| Q1 25 | $-0.59 | $0.87 | ||
| Q4 24 | $-0.57 | $1.88 | ||
| Q3 24 | $-0.62 | $1.86 | ||
| Q2 24 | $-1.12 | $1.73 |
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 | $2.9B |
| Total DebtLower is stronger | $1.9B | — |
| Stockholders' EquityBook value | $442.0M | $9.0B |
| Total Assets | $3.0B | $68.0B |
| Debt / EquityLower = less leverage | 4.25× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $2.9B | ||
| Q4 25 | $68.0M | — | ||
| Q3 25 | $61.1M | — | ||
| Q2 25 | $73.8M | — | ||
| Q1 25 | $146.2M | — | ||
| Q4 24 | $59.7M | — | ||
| Q3 24 | $64.9M | — | ||
| Q2 24 | $61.5M | — |
| 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 | — | $9.0B | ||
| Q4 25 | $442.0M | $9.1B | ||
| Q3 25 | $519.2M | $9.0B | ||
| Q2 25 | $601.9M | $8.8B | ||
| Q1 25 | $680.7M | $8.6B | ||
| Q4 24 | $678.6M | $5.9B | ||
| Q3 24 | $672.2M | $5.9B | ||
| Q2 24 | $711.3M | $5.7B |
| Q1 26 | — | $68.0B | ||
| Q4 25 | $3.0B | $67.2B | ||
| Q3 25 | $3.2B | $66.0B | ||
| Q2 25 | $3.3B | $65.9B | ||
| Q1 25 | $3.4B | $65.1B | ||
| Q4 24 | $3.3B | $46.4B | ||
| Q3 24 | $3.3B | $46.1B | ||
| Q2 24 | $3.2B | $45.5B |
| 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 | — |
| FCF MarginFCF / Revenue | 7.9% | — |
| Capex IntensityCapex / Revenue | 2.2% | — |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $-51.1M | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $47.0M | $232.1M | ||
| Q3 25 | $10.7M | $122.4M | ||
| Q2 25 | $-35.2M | $72.6M | ||
| Q1 25 | $-29.3M | $-126.3M | ||
| Q4 24 | $-16.1M | $354.3M | ||
| Q3 24 | $-48.4M | $-246.8M | ||
| Q2 24 | $-61.3M | $126.8M |
| Q1 26 | — | — | ||
| Q4 25 | $36.9M | $215.5M | ||
| Q3 25 | $481.0K | $101.7M | ||
| Q2 25 | $-46.0M | $52.5M | ||
| Q1 25 | $-42.4M | $-139.1M | ||
| Q4 24 | $-39.0M | $340.9M | ||
| Q3 24 | $-63.5M | $-254.2M | ||
| Q2 24 | $-72.2M | $117.3M |
| Q1 26 | — | — | ||
| Q4 25 | 7.9% | 37.1% | ||
| Q3 25 | 0.1% | 17.0% | ||
| Q2 25 | -9.6% | 9.1% | ||
| Q1 25 | -9.4% | -25.5% | ||
| Q4 24 | -7.9% | 92.2% | ||
| Q3 24 | -13.9% | -72.3% | ||
| Q2 24 | -16.9% | 33.5% |
| Q1 26 | — | — | ||
| Q4 25 | 2.2% | 2.9% | ||
| Q3 25 | 2.2% | 3.5% | ||
| Q2 25 | 2.3% | 3.5% | ||
| Q1 25 | 2.9% | 2.4% | ||
| Q4 24 | 4.6% | 3.6% | ||
| Q3 24 | 3.3% | 2.1% | ||
| Q2 24 | 2.6% | 2.7% |
| Q1 26 | — | — | ||
| Q4 25 | — | 0.94× | ||
| Q3 25 | — | 0.50× | ||
| Q2 25 | — | 0.34× | ||
| Q1 25 | — | -1.42× | ||
| Q4 24 | — | 2.46× | ||
| Q3 24 | — | -1.72× | ||
| Q2 24 | — | 0.96× |
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% |
SSB
| Net Interest Income | $561.6M | 85% |
| Noninterest Income | $100.1M | 15% |
