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Side-by-side financial comparison of Compass Diversified Holdings (CODI) and WATTS WATER TECHNOLOGIES INC (WTS). Click either name above to swap in a different company.
WATTS WATER TECHNOLOGIES INC is the larger business by last-quarter revenue ($677.3M vs $468.6M, roughly 1.4× Compass Diversified Holdings). WATTS WATER TECHNOLOGIES INC runs the higher net margin — 14.7% vs -16.8%, a 31.5% gap on every dollar of revenue. On growth, WATTS WATER TECHNOLOGIES INC posted the faster year-over-year revenue change (21.4% vs -5.1%). Compass Diversified Holdings produced more free cash flow last quarter ($36.9M vs $6.6M). Over the past eight quarters, Compass Diversified Holdings's revenue compounded faster (6.8% CAGR vs 6.5%).
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.
AERCO International, Inc. is a manufacturer and supplier of commercial condensing boilers, high efficiency water heating equipment and energy recovery systems in the HVAC/plumbing industry across a variety of markets including education, lodging, government, office buildings, healthcare, industrial and multifamily housing. In 1949, AERCO introduced the industry's first semi-instantaneous, tankless steam-to-water water heater. In 1988, AERCO introduced the first condensing and fully modulating...
CODI vs WTS — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $468.6M | $677.3M |
| Net Profit | $-78.8M | $99.6M |
| Gross Margin | 43.1% | 48.1% |
| Operating Margin | 9.8% | 19.6% |
| Net Margin | -16.8% | 14.7% |
| Revenue YoY | -5.1% | 21.4% |
| Net Profit YoY | -14.4% | 34.6% |
| EPS (diluted) | $-0.91 | $2.97 |
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 | — | $677.3M | ||
| Q4 25 | $468.6M | $625.1M | ||
| Q3 25 | $472.6M | $611.7M | ||
| Q2 25 | $478.7M | $643.7M | ||
| Q1 25 | $453.8M | $558.0M | ||
| Q4 24 | $493.9M | $540.4M | ||
| Q3 24 | $456.6M | $543.6M | ||
| Q2 24 | $426.7M | $597.3M |
| Q1 26 | — | $99.6M | ||
| Q4 25 | $-78.8M | $83.7M | ||
| Q3 25 | $-74.0M | $82.2M | ||
| Q2 25 | $-51.2M | $100.9M | ||
| Q1 25 | $-30.0M | $74.0M | ||
| Q4 24 | $-68.9M | $67.5M | ||
| Q3 24 | $-36.0M | $69.1M | ||
| Q2 24 | $-73.1M | $82.0M |
| Q1 26 | — | 48.1% | ||
| Q4 25 | 43.1% | 49.5% | ||
| Q3 25 | 44.0% | 48.8% | ||
| Q2 25 | 43.6% | 50.6% | ||
| Q1 25 | 43.2% | 48.8% | ||
| Q4 24 | 38.6% | 46.7% | ||
| Q3 24 | 43.1% | 47.3% | ||
| Q2 24 | 44.1% | 47.7% |
| Q1 26 | — | 19.6% | ||
| Q4 25 | 9.8% | 18.2% | ||
| Q3 25 | -2.3% | 18.2% | ||
| Q2 25 | -5.7% | 21.0% | ||
| Q1 25 | 0.8% | 15.7% | ||
| Q4 24 | -3.8% | 16.5% | ||
| Q3 24 | 1.8% | 17.1% | ||
| Q2 24 | 1.8% | 18.7% |
| Q1 26 | — | 14.7% | ||
| Q4 25 | -16.8% | 13.4% | ||
| Q3 25 | -15.7% | 13.4% | ||
| Q2 25 | -10.7% | 15.7% | ||
| Q1 25 | -6.6% | 13.3% | ||
| Q4 24 | -13.9% | 12.5% | ||
| Q3 24 | -7.9% | 12.7% | ||
| Q2 24 | -17.1% | 13.7% |
| Q1 26 | — | $2.97 | ||
| Q4 25 | $-0.91 | $2.50 | ||
| Q3 25 | $-1.21 | $2.45 | ||
| Q2 25 | $-0.88 | $3.01 | ||
| Q1 25 | $-0.59 | $2.21 | ||
| Q4 24 | $-0.57 | $2.02 | ||
| Q3 24 | $-0.62 | $2.06 | ||
| Q2 24 | $-1.12 | $2.44 |
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 | $374.7M |
| Total DebtLower is stronger | $1.9B | $197.8M |
| Stockholders' EquityBook value | $442.0M | $2.1B |
| Total Assets | $3.0B | $2.9B |
| Debt / EquityLower = less leverage | 4.25× | 0.09× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $374.7M | ||
| Q4 25 | $68.0M | $405.5M | ||
| Q3 25 | $61.1M | $457.7M | ||
| Q2 25 | $73.8M | $369.3M | ||
| Q1 25 | $146.2M | $336.8M | ||
| Q4 24 | $59.7M | $386.9M | ||
| Q3 24 | $64.9M | $303.9M | ||
| Q2 24 | $61.5M | $279.4M |
| Q1 26 | — | $197.8M | ||
| 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 | — | $2.1B | ||
| Q4 25 | $442.0M | $2.0B | ||
| Q3 25 | $519.2M | $2.0B | ||
| Q2 25 | $601.9M | $1.9B | ||
| Q1 25 | $680.7M | $1.8B | ||
| Q4 24 | $678.6M | $1.7B | ||
| Q3 24 | $672.2M | $1.7B | ||
| Q2 24 | $711.3M | $1.6B |
| Q1 26 | — | $2.9B | ||
| Q4 25 | $3.0B | $2.9B | ||
| Q3 25 | $3.2B | $2.7B | ||
| Q2 25 | $3.3B | $2.6B | ||
| Q1 25 | $3.4B | $2.5B | ||
| Q4 24 | $3.3B | $2.4B | ||
| Q3 24 | $3.3B | $2.4B | ||
| Q2 24 | $3.2B | $2.4B |
| Q1 26 | — | 0.09× | ||
| 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 | $17.9M |
| Free Cash FlowOCF − Capex | $36.9M | $6.6M |
| FCF MarginFCF / Revenue | 7.9% | 1.0% |
| Capex IntensityCapex / Revenue | 2.2% | — |
| Cash ConversionOCF / Net Profit | — | 0.18× |
| TTM Free Cash FlowTrailing 4 quarters | $-51.1M | $317.3M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $17.9M | ||
| Q4 25 | $47.0M | $154.7M | ||
| Q3 25 | $10.7M | $122.4M | ||
| Q2 25 | $-35.2M | $69.7M | ||
| Q1 25 | $-29.3M | $55.2M | ||
| Q4 24 | $-16.1M | $139.5M | ||
| Q3 24 | $-48.4M | $90.7M | ||
| Q2 24 | $-61.3M | $85.3M |
| Q1 26 | — | $6.6M | ||
| Q4 25 | $36.9M | $140.3M | ||
| Q3 25 | $481.0K | $110.9M | ||
| Q2 25 | $-46.0M | $59.5M | ||
| Q1 25 | $-42.4M | $45.6M | ||
| Q4 24 | $-39.0M | $127.5M | ||
| Q3 24 | $-63.5M | $84.3M | ||
| Q2 24 | $-72.2M | $78.5M |
| Q1 26 | — | 1.0% | ||
| Q4 25 | 7.9% | 22.4% | ||
| Q3 25 | 0.1% | 18.1% | ||
| Q2 25 | -9.6% | 9.2% | ||
| Q1 25 | -9.4% | 8.2% | ||
| Q4 24 | -7.9% | 23.6% | ||
| Q3 24 | -13.9% | 15.5% | ||
| Q2 24 | -16.9% | 13.1% |
| Q1 26 | — | — | ||
| Q4 25 | 2.2% | 2.3% | ||
| Q3 25 | 2.2% | 1.9% | ||
| Q2 25 | 2.3% | 1.6% | ||
| Q1 25 | 2.9% | 1.7% | ||
| Q4 24 | 4.6% | 2.2% | ||
| Q3 24 | 3.3% | 1.2% | ||
| Q2 24 | 2.6% | 1.1% |
| Q1 26 | — | 0.18× | ||
| Q4 25 | — | 1.85× | ||
| Q3 25 | — | 1.49× | ||
| Q2 25 | — | 0.69× | ||
| Q1 25 | — | 0.75× | ||
| Q4 24 | — | 2.07× | ||
| Q3 24 | — | 1.31× | ||
| Q2 24 | — | 1.04× |
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% |
WTS
| segment net | $517.8M | 76% |
| Other | $159.5M | 24% |
