vs
Side-by-side financial comparison of Compass Diversified Holdings (CODI) and WillScot Holdings Corp (WSC). Click either name above to swap in a different company.
WillScot Holdings Corp is the larger business by last-quarter revenue ($566.0M vs $468.6M, roughly 1.2× Compass Diversified Holdings). Compass Diversified Holdings runs the higher net margin — -16.8% vs -33.1%, a 16.3% gap on every dollar of revenue. On growth, Compass Diversified Holdings posted the faster year-over-year revenue change (-5.1% vs -6.1%). WillScot Holdings Corp produced more free cash flow last quarter ($149.7M vs $36.9M). Over the past eight quarters, Compass Diversified Holdings's revenue compounded faster (6.8% CAGR vs -1.8%).
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.
WillScot Holdings Corp is a leading provider of modular space solutions and portable storage services across North America. It serves a wide range of sectors including construction, commercial development, education, healthcare, government projects, and special events, offering flexible, scalable temporary and semi-permanent space solutions tailored to diverse client needs.
CODI vs WSC — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $468.6M | $566.0M |
| Net Profit | $-78.8M | $-187.3M |
| Gross Margin | 43.1% | 50.4% |
| Operating Margin | 9.8% | -32.5% |
| Net Margin | -16.8% | -33.1% |
| Revenue YoY | -5.1% | -6.1% |
| Net Profit YoY | -14.4% | -310.0% |
| EPS (diluted) | $-0.91 | $-1.02 |
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 | $566.0M | ||
| Q3 25 | $472.6M | $566.8M | ||
| Q2 25 | $478.7M | $589.1M | ||
| Q1 25 | $453.8M | $559.6M | ||
| Q4 24 | $493.9M | $602.5M | ||
| Q3 24 | $456.6M | $601.4M | ||
| Q2 24 | $426.7M | $604.6M | ||
| Q1 24 | $410.8M | $587.2M |
| Q4 25 | $-78.8M | $-187.3M | ||
| Q3 25 | $-74.0M | $43.3M | ||
| Q2 25 | $-51.2M | $47.9M | ||
| Q1 25 | $-30.0M | $43.1M | ||
| Q4 24 | $-68.9M | $89.2M | ||
| Q3 24 | $-36.0M | $-70.5M | ||
| Q2 24 | $-73.1M | $-46.9M | ||
| Q1 24 | $-56.2M | $56.2M |
| Q4 25 | 43.1% | 50.4% | ||
| Q3 25 | 44.0% | 49.7% | ||
| Q2 25 | 43.6% | 50.3% | ||
| Q1 25 | 43.2% | 53.7% | ||
| Q4 24 | 38.6% | 55.8% | ||
| Q3 24 | 43.1% | 53.5% | ||
| Q2 24 | 44.1% | 54.1% | ||
| Q1 24 | 42.6% | 54.0% |
| Q4 25 | 9.8% | -32.5% | ||
| Q3 25 | -2.3% | 21.0% | ||
| Q2 25 | -5.7% | 21.5% | ||
| Q1 25 | 0.8% | 21.3% | ||
| Q4 24 | -3.8% | 28.9% | ||
| Q3 24 | 1.8% | -5.9% | ||
| Q2 24 | 1.8% | -0.9% | ||
| Q1 24 | -2.9% | 22.1% |
| Q4 25 | -16.8% | -33.1% | ||
| Q3 25 | -15.7% | 7.6% | ||
| Q2 25 | -10.7% | 8.1% | ||
| Q1 25 | -6.6% | 7.7% | ||
| Q4 24 | -13.9% | 14.8% | ||
| Q3 24 | -7.9% | -11.7% | ||
| Q2 24 | -17.1% | -7.7% | ||
| Q1 24 | -13.7% | 9.6% |
| Q4 25 | $-0.91 | $-1.02 | ||
| Q3 25 | $-1.21 | $0.24 | ||
| Q2 25 | $-0.88 | $0.26 | ||
| Q1 25 | $-0.59 | $0.23 | ||
| Q4 24 | $-0.57 | $0.48 | ||
| Q3 24 | $-0.62 | $-0.37 | ||
| Q2 24 | $-1.12 | $-0.25 | ||
| Q1 24 | $-1.52 | $0.29 |
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 | $14.6M |
| Total DebtLower is stronger | $1.9B | $3.6B |
| Stockholders' EquityBook value | $442.0M | $856.3M |
| Total Assets | $3.0B | $5.8B |
| Debt / EquityLower = less leverage | 4.25× | 4.15× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $68.0M | $14.6M | ||
| Q3 25 | $61.1M | $14.8M | ||
| Q2 25 | $73.8M | $12.8M | ||
| Q1 25 | $146.2M | $10.7M | ||
| Q4 24 | $59.7M | $9.0M | ||
| Q3 24 | $64.9M | $11.0M | ||
| Q2 24 | $61.5M | $5.9M | ||
| Q1 24 | $59.5M | $13.1M |
| Q4 25 | $1.9B | $3.6B | ||
| Q3 25 | $1.9B | $3.6B | ||
| Q2 25 | $1.9B | $3.7B | ||
| Q1 25 | $1.9B | $3.6B | ||
| Q4 24 | $1.8B | $3.7B | ||
| Q3 24 | $1.8B | $3.6B | ||
| Q2 24 | $1.7B | $3.5B | ||
| Q1 24 | $1.7B | $3.5B |
| Q4 25 | $442.0M | $856.3M | ||
| Q3 25 | $519.2M | $1.1B | ||
| Q2 25 | $601.9M | $1.0B | ||
| Q1 25 | $680.7M | $1.0B | ||
| Q4 24 | $678.6M | $1.0B | ||
| Q3 24 | $672.2M | $1.1B | ||
| Q2 24 | $711.3M | $1.2B | ||
| Q1 24 | $799.7M | $1.3B |
| Q4 25 | $3.0B | $5.8B | ||
| Q3 25 | $3.2B | $6.1B | ||
| Q2 25 | $3.3B | $6.1B | ||
| Q1 25 | $3.4B | $6.0B | ||
| Q4 24 | $3.3B | $6.0B | ||
| Q3 24 | $3.3B | $6.0B | ||
| Q2 24 | $3.2B | $6.0B | ||
| Q1 24 | $3.3B | $6.2B |
| Q4 25 | 4.25× | 4.15× | ||
| Q3 25 | 3.62× | 3.39× | ||
| Q2 25 | 3.09× | 3.55× | ||
| Q1 25 | 2.73× | 3.56× | ||
| Q4 24 | 2.61× | 3.62× | ||
| Q3 24 | 2.64× | 3.42× | ||
| Q2 24 | 2.42× | 2.88× | ||
| Q1 24 | 2.15× | 2.63× |
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 | $158.9M |
| Free Cash FlowOCF − Capex | $36.9M | $149.7M |
| FCF MarginFCF / Revenue | 7.9% | 26.5% |
| Capex IntensityCapex / Revenue | 2.2% | 1.6% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $-51.1M | $737.7M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $47.0M | $158.9M | ||
| Q3 25 | $10.7M | $191.2M | ||
| Q2 25 | $-35.2M | $205.3M | ||
| Q1 25 | $-29.3M | $206.6M | ||
| Q4 24 | $-16.1M | $178.9M | ||
| Q3 24 | $-48.4M | $-1.6M | ||
| Q2 24 | $-61.3M | $175.6M | ||
| Q1 24 | $-25.4M | $208.7M |
| Q4 25 | $36.9M | $149.7M | ||
| Q3 25 | $481.0K | $186.9M | ||
| Q2 25 | $-46.0M | $199.0M | ||
| Q1 25 | $-42.4M | $202.0M | ||
| Q4 24 | $-39.0M | $176.6M | ||
| Q3 24 | $-63.5M | $-4.9M | ||
| Q2 24 | $-72.2M | $169.4M | ||
| Q1 24 | $-33.1M | $202.1M |
| Q4 25 | 7.9% | 26.5% | ||
| Q3 25 | 0.1% | 33.0% | ||
| Q2 25 | -9.6% | 33.8% | ||
| Q1 25 | -9.4% | 36.1% | ||
| Q4 24 | -7.9% | 29.3% | ||
| Q3 24 | -13.9% | -0.8% | ||
| Q2 24 | -16.9% | 28.0% | ||
| Q1 24 | -8.1% | 34.4% |
| Q4 25 | 2.2% | 1.6% | ||
| Q3 25 | 2.2% | 0.7% | ||
| Q2 25 | 2.3% | 1.1% | ||
| Q1 25 | 2.9% | 0.8% | ||
| Q4 24 | 4.6% | 0.4% | ||
| Q3 24 | 3.3% | 0.6% | ||
| Q2 24 | 2.6% | 1.0% | ||
| Q1 24 | 1.9% | 1.1% |
| Q4 25 | — | — | ||
| Q3 25 | — | 4.41× | ||
| Q2 25 | — | 4.28× | ||
| Q1 25 | — | 4.80× | ||
| Q4 24 | — | 2.01× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | 3.71× |
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% |
WSC
| Modular Space Leasing | $249.8M | 44% |
| Value Added Product And Services | $101.0M | 18% |
| Portable Storage Leasing | $83.0M | 15% |
| Delivery Revenue | $48.2M | 9% |
| Installation Revenue | $45.0M | 8% |
| Rental Units | $19.7M | 3% |
| New Units | $15.5M | 3% |
| Value Added Services | $10.3M | 2% |
| Other Leasing Related Products And Services | $3.8M | 1% |
