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Side-by-side financial comparison of Compass Diversified Holdings (CODI) and Walker & Dunlop, Inc. (WD). Click either name above to swap in a different company.
Compass Diversified Holdings is the larger business by last-quarter revenue ($468.6M vs $340.0M, roughly 1.4× Walker & Dunlop, Inc.). Walker & Dunlop, Inc. runs the higher net margin — -12.9% vs -16.8%, a 3.9% gap on every dollar of revenue. On growth, Walker & Dunlop, Inc. posted the faster year-over-year revenue change (-0.4% vs -5.1%). Compass Diversified Holdings produced more free cash flow last quarter ($36.9M vs $-680.1M). Over the past eight quarters, Walker & Dunlop, Inc.'s revenue compounded faster (22.1% 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.
Walker & Dunlop, Inc. is one of the largest commercial real estate finance and advisory services firms in the United States and internationally.
CODI vs WD — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $468.6M | $340.0M |
| Net Profit | $-78.8M | $-13.9M |
| Gross Margin | 43.1% | — |
| Operating Margin | 9.8% | -17.2% |
| Net Margin | -16.8% | -12.9% |
| Revenue YoY | -5.1% | -0.4% |
| Net Profit YoY | -14.4% | -131.0% |
| EPS (diluted) | $-0.91 | $-0.41 |
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 | $340.0M | ||
| Q3 25 | $472.6M | $337.7M | ||
| Q2 25 | $478.7M | $319.2M | ||
| Q1 25 | $453.8M | $237.4M | ||
| Q4 24 | $493.9M | $341.5M | ||
| Q3 24 | $456.6M | $292.3M | ||
| Q2 24 | $426.7M | $270.7M | ||
| Q1 24 | $410.8M | $228.1M |
| Q4 25 | $-78.8M | $-13.9M | ||
| Q3 25 | $-74.0M | $33.5M | ||
| Q2 25 | $-51.2M | $34.0M | ||
| Q1 25 | $-30.0M | $2.8M | ||
| Q4 24 | $-68.9M | $44.8M | ||
| Q3 24 | $-36.0M | $28.8M | ||
| Q2 24 | $-73.1M | $22.7M | ||
| Q1 24 | $-56.2M | $11.9M |
| 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 24 | 42.6% | — |
| Q4 25 | 9.8% | -17.2% | ||
| Q3 25 | -2.3% | 13.6% | ||
| Q2 25 | -5.7% | 14.5% | ||
| Q1 25 | 0.8% | 2.2% | ||
| Q4 24 | -3.8% | 15.3% | ||
| Q3 24 | 1.8% | 12.8% | ||
| Q2 24 | 1.8% | 10.4% | ||
| Q1 24 | -2.9% | 6.0% |
| Q4 25 | -16.8% | -12.9% | ||
| Q3 25 | -15.7% | 9.9% | ||
| Q2 25 | -10.7% | 10.6% | ||
| Q1 25 | -6.6% | 1.2% | ||
| Q4 24 | -13.9% | 13.1% | ||
| Q3 24 | -7.9% | 9.9% | ||
| Q2 24 | -17.1% | 8.4% | ||
| Q1 24 | -13.7% | 5.2% |
| Q4 25 | $-0.91 | $-0.41 | ||
| Q3 25 | $-1.21 | $0.98 | ||
| Q2 25 | $-0.88 | $0.99 | ||
| Q1 25 | $-0.59 | $0.08 | ||
| Q4 24 | $-0.57 | $1.32 | ||
| Q3 24 | $-0.62 | $0.85 | ||
| Q2 24 | $-1.12 | $0.67 | ||
| Q1 24 | $-1.52 | $0.35 |
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 | $299.3M |
| Total DebtLower is stronger | $1.9B | — |
| Stockholders' EquityBook value | $442.0M | $1.7B |
| Total Assets | $3.0B | $5.1B |
| Debt / EquityLower = less leverage | 4.25× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $68.0M | $299.3M | ||
| Q3 25 | $61.1M | $274.8M | ||
| Q2 25 | $73.8M | $233.7M | ||
| Q1 25 | $146.2M | $181.0M | ||
| Q4 24 | $59.7M | $279.3M | ||
| Q3 24 | $64.9M | $179.8M | ||
| Q2 24 | $61.5M | $208.1M | ||
| Q1 24 | $59.5M | $216.5M |
| 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 24 | $1.7B | — |
| Q4 25 | $442.0M | $1.7B | ||
| Q3 25 | $519.2M | $1.8B | ||
| Q2 25 | $601.9M | $1.8B | ||
| Q1 25 | $680.7M | $1.7B | ||
| Q4 24 | $678.6M | $1.7B | ||
| Q3 24 | $672.2M | $1.7B | ||
| Q2 24 | $711.3M | $1.7B | ||
| Q1 24 | $799.7M | $1.7B |
| Q4 25 | $3.0B | $5.1B | ||
| Q3 25 | $3.2B | $5.8B | ||
| Q2 25 | $3.3B | $4.7B | ||
| Q1 25 | $3.4B | $4.5B | ||
| Q4 24 | $3.3B | $4.4B | ||
| Q3 24 | $3.3B | $4.6B | ||
| Q2 24 | $3.2B | $4.2B | ||
| Q1 24 | $3.3B | $3.8B |
| 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× | — | ||
| 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 | $-664.3M |
| Free Cash FlowOCF − Capex | $36.9M | $-680.1M |
| FCF MarginFCF / Revenue | 7.9% | -200.0% |
| Capex IntensityCapex / Revenue | 2.2% | 4.6% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $-51.1M | $-2.2B |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $47.0M | $-664.3M | ||
| Q3 25 | $10.7M | $-948.1M | ||
| Q2 25 | $-35.2M | $-238.5M | ||
| Q1 25 | $-29.3M | $-281.1M | ||
| Q4 24 | $-16.1M | $129.4M | ||
| Q3 24 | $-48.4M | $-202.0M | ||
| Q2 24 | $-61.3M | $-237.8M | ||
| Q1 24 | $-25.4M | $38.4M |
| Q4 25 | $36.9M | $-680.1M | ||
| Q3 25 | $481.0K | $-950.4M | ||
| Q2 25 | $-46.0M | $-241.0M | ||
| Q1 25 | $-42.4M | $-284.7M | ||
| Q4 24 | $-39.0M | $116.4M | ||
| Q3 24 | $-63.5M | $-204.0M | ||
| Q2 24 | $-72.2M | $-241.7M | ||
| Q1 24 | $-33.1M | $35.2M |
| Q4 25 | 7.9% | -200.0% | ||
| Q3 25 | 0.1% | -281.5% | ||
| Q2 25 | -9.6% | -75.5% | ||
| Q1 25 | -9.4% | -120.0% | ||
| Q4 24 | -7.9% | 34.1% | ||
| Q3 24 | -13.9% | -69.8% | ||
| Q2 24 | -16.9% | -89.3% | ||
| Q1 24 | -8.1% | 15.4% |
| Q4 25 | 2.2% | 4.6% | ||
| Q3 25 | 2.2% | 0.7% | ||
| Q2 25 | 2.3% | 0.8% | ||
| Q1 25 | 2.9% | 1.5% | ||
| Q4 24 | 4.6% | 3.8% | ||
| Q3 24 | 3.3% | 0.7% | ||
| Q2 24 | 2.6% | 1.4% | ||
| Q1 24 | 1.9% | 1.4% |
| Q4 25 | — | — | ||
| Q3 25 | — | -28.34× | ||
| Q2 25 | — | -7.02× | ||
| Q1 25 | — | -102.07× | ||
| Q4 24 | — | 2.89× | ||
| Q3 24 | — | -7.01× | ||
| Q2 24 | — | -10.49× | ||
| Q1 24 | — | 3.24× |
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% |
WD
Segment breakdown not available.
