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Side-by-side financial comparison of Compass Diversified Holdings (CODI) and Tecnoglass Inc. (TGLS). Click either name above to swap in a different company.
Compass Diversified Holdings is the larger business by last-quarter revenue ($468.6M vs $245.3M, roughly 1.9× Tecnoglass Inc.). Tecnoglass Inc. runs the higher net margin — 10.6% vs -16.8%, a 27.5% gap on every dollar of revenue. On growth, Tecnoglass Inc. posted the faster year-over-year revenue change (2.4% vs -5.1%). Compass Diversified Holdings produced more free cash flow last quarter ($36.9M vs $11.4M). Over the past eight quarters, Tecnoglass Inc.'s revenue compounded faster (12.8% 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.
Tecnoglass Inc. is a leading manufacturer of high-performance architectural glass, aluminum windows, doors, and associated building components. It primarily caters to residential and commercial construction sectors across North America and Latin America, offering custom, energy-efficient solutions for new construction and renovation projects.
CODI vs TGLS — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $468.6M | $245.3M |
| Net Profit | $-78.8M | $26.1M |
| Gross Margin | 43.1% | 40.0% |
| Operating Margin | 9.8% | 18.3% |
| Net Margin | -16.8% | 10.6% |
| Revenue YoY | -5.1% | 2.4% |
| Net Profit YoY | -14.4% | -44.5% |
| EPS (diluted) | $-0.91 | $0.57 |
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 | $245.3M | ||
| Q3 25 | $472.6M | $260.5M | ||
| Q2 25 | $478.7M | $255.5M | ||
| Q1 25 | $453.8M | $222.3M | ||
| Q4 24 | $493.9M | $239.6M | ||
| Q3 24 | $456.6M | $238.3M | ||
| Q2 24 | $426.7M | $219.7M | ||
| Q1 24 | $410.8M | $192.6M |
| Q4 25 | $-78.8M | $26.1M | ||
| Q3 25 | $-74.0M | $47.2M | ||
| Q2 25 | $-51.2M | $44.1M | ||
| Q1 25 | $-30.0M | $42.2M | ||
| Q4 24 | $-68.9M | $47.0M | ||
| Q3 24 | $-36.0M | $49.5M | ||
| Q2 24 | $-73.1M | $35.0M | ||
| Q1 24 | $-56.2M | $29.7M |
| Q4 25 | 43.1% | 40.0% | ||
| Q3 25 | 44.0% | 42.7% | ||
| Q2 25 | 43.6% | 44.7% | ||
| Q1 25 | 43.2% | 43.9% | ||
| Q4 24 | 38.6% | 44.5% | ||
| Q3 24 | 43.1% | 45.8% | ||
| Q2 24 | 44.1% | 40.8% | ||
| Q1 24 | 42.6% | 38.8% |
| Q4 25 | 9.8% | 18.3% | ||
| Q3 25 | -2.3% | 25.1% | ||
| Q2 25 | -5.7% | 24.0% | ||
| Q1 25 | 0.8% | 26.7% | ||
| Q4 24 | -3.8% | 28.0% | ||
| Q3 24 | 1.8% | 28.4% | ||
| Q2 24 | 1.8% | 23.3% | ||
| Q1 24 | -2.9% | 21.3% |
| Q4 25 | -16.8% | 10.6% | ||
| Q3 25 | -15.7% | 18.1% | ||
| Q2 25 | -10.7% | 17.3% | ||
| Q1 25 | -6.6% | 19.0% | ||
| Q4 24 | -13.9% | 19.6% | ||
| Q3 24 | -7.9% | 20.8% | ||
| Q2 24 | -17.1% | 15.9% | ||
| Q1 24 | -13.7% | 15.4% |
| Q4 25 | $-0.91 | $0.57 | ||
| Q3 25 | $-1.21 | $1.01 | ||
| Q2 25 | $-0.88 | $0.94 | ||
| Q1 25 | $-0.59 | $0.90 | ||
| Q4 24 | $-0.57 | $1.00 | ||
| Q3 24 | $-0.62 | $1.05 | ||
| Q2 24 | $-1.12 | $0.75 | ||
| Q1 24 | $-1.52 | $0.63 |
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 | $174.4M |
| Stockholders' EquityBook value | $442.0M | $713.1M |
| Total Assets | $3.0B | $1.3B |
| Debt / EquityLower = less leverage | 4.25× | 0.24× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $68.0M | $104.1M | ||
| Q3 25 | $61.1M | $127.1M | ||
| Q2 25 | $73.8M | $140.9M | ||
| Q1 25 | $146.2M | $160.2M | ||
| Q4 24 | $59.7M | $137.5M | ||
| Q3 24 | $64.9M | $124.8M | ||
| Q2 24 | $61.5M | $129.5M | ||
| Q1 24 | $59.5M | $138.8M |
| Q4 25 | $1.9B | $174.4M | ||
| Q3 25 | $1.9B | $114.7M | ||
| Q2 25 | $1.9B | $110.6M | ||
| Q1 25 | $1.9B | $110.6M | ||
| Q4 24 | $1.8B | $111.1M | ||
| Q3 24 | $1.8B | $126.8M | ||
| Q2 24 | $1.7B | $144.7M | ||
| Q1 24 | $1.7B | $160.9M |
| Q4 25 | $442.0M | $713.1M | ||
| Q3 25 | $519.2M | $764.0M | ||
| Q2 25 | $601.9M | $736.0M | ||
| Q1 25 | $680.7M | $685.1M | ||
| Q4 24 | $678.6M | $631.2M | ||
| Q3 24 | $672.2M | $613.3M | ||
| Q2 24 | $711.3M | $574.8M | ||
| Q1 24 | $799.7M | $573.6M |
| Q4 25 | $3.0B | $1.3B | ||
| Q3 25 | $3.2B | $1.2B | ||
| Q2 25 | $3.3B | $1.2B | ||
| Q1 25 | $3.4B | $1.1B | ||
| Q4 24 | $3.3B | $1.0B | ||
| Q3 24 | $3.3B | $996.3M | ||
| Q2 24 | $3.2B | $942.5M | ||
| Q1 24 | $3.3B | $981.6M |
| Q4 25 | 4.25× | 0.24× | ||
| Q3 25 | 3.62× | 0.15× | ||
| Q2 25 | 3.09× | 0.15× | ||
| Q1 25 | 2.73× | 0.16× | ||
| Q4 24 | 2.61× | 0.18× | ||
| Q3 24 | 2.64× | 0.21× | ||
| Q2 24 | 2.42× | 0.25× | ||
| Q1 24 | 2.15× | 0.28× |
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 | $31.0M |
| Free Cash FlowOCF − Capex | $36.9M | $11.4M |
| FCF MarginFCF / Revenue | 7.9% | 4.7% |
| Capex IntensityCapex / Revenue | 2.2% | 8.0% |
| Cash ConversionOCF / Net Profit | — | 1.19× |
| TTM Free Cash FlowTrailing 4 quarters | $-51.1M | $34.5M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $47.0M | $31.0M | ||
| Q3 25 | $10.7M | $40.0M | ||
| Q2 25 | $-35.2M | $17.9M | ||
| Q1 25 | $-29.3M | $46.9M | ||
| Q4 24 | $-16.1M | $61.1M | ||
| Q3 24 | $-48.4M | $41.5M | ||
| Q2 24 | $-61.3M | $34.5M | ||
| Q1 24 | $-25.4M | $33.4M |
| Q4 25 | $36.9M | $11.4M | ||
| Q3 25 | $481.0K | $21.2M | ||
| Q2 25 | $-46.0M | $-14.7M | ||
| Q1 25 | $-42.4M | $16.5M | ||
| Q4 24 | $-39.0M | $35.4M | ||
| Q3 24 | $-63.5M | $17.8M | ||
| Q2 24 | $-72.2M | $14.2M | ||
| Q1 24 | $-33.1M | $23.6M |
| Q4 25 | 7.9% | 4.7% | ||
| Q3 25 | 0.1% | 8.2% | ||
| Q2 25 | -9.6% | -5.7% | ||
| Q1 25 | -9.4% | 7.4% | ||
| Q4 24 | -7.9% | 14.8% | ||
| Q3 24 | -13.9% | 7.5% | ||
| Q2 24 | -16.9% | 6.5% | ||
| Q1 24 | -8.1% | 12.2% |
| Q4 25 | 2.2% | 8.0% | ||
| Q3 25 | 2.2% | 7.2% | ||
| Q2 25 | 2.3% | 12.7% | ||
| Q1 25 | 2.9% | 13.7% | ||
| Q4 24 | 4.6% | 10.7% | ||
| Q3 24 | 3.3% | 9.9% | ||
| Q2 24 | 2.6% | 9.2% | ||
| Q1 24 | 1.9% | 5.1% |
| Q4 25 | — | 1.19× | ||
| Q3 25 | — | 0.85× | ||
| Q2 25 | — | 0.41× | ||
| Q1 25 | — | 1.11× | ||
| Q4 24 | — | 1.30× | ||
| Q3 24 | — | 0.84× | ||
| Q2 24 | — | 0.98× | ||
| Q1 24 | — | 1.13× |
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% |
TGLS
| Product Sales | $164.2M | 67% |
| Fixed Price Contracts | $81.1M | 33% |
| Related Party | $692.0K | 0% |
