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Side-by-side financial comparison of Compass Diversified Holdings (CODI) and XMax Inc. (XWIN). Click either name above to swap in a different company.
Compass Diversified Holdings is the larger business by last-quarter revenue ($468.6M vs $1.8M, roughly 264.8× XMax Inc.). On growth, Compass Diversified Holdings posted the faster year-over-year revenue change (-5.1% vs -11.8%). Over the past eight quarters, Compass Diversified Holdings's revenue compounded faster (6.8% CAGR vs -13.7%).
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.
XMax Inc. is a global tech firm focused on Web3 gaming infrastructure and interactive entertainment solutions. It builds custom game development toolkits, decentralized asset systems and cross-platform gaming products for developers and consumers in North America, APAC and Europe.
CODI vs XWIN — Head-to-Head
Income Statement — Q4 2025 vs Q4 2025
| Metric | | |
|---|---|---|
| Revenue | $468.6M | $1.8M |
| Net Profit | $-78.8M | — |
| Gross Margin | 43.1% | 40.3% |
| Operating Margin | 9.8% | -59.3% |
| Net Margin | -16.8% | — |
| Revenue YoY | -5.1% | -11.8% |
| Net Profit YoY | -14.4% | — |
| EPS (diluted) | $-0.91 | $-0.06 |
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 | $1.8M | ||
| Q3 25 | $472.6M | $9.8M | ||
| Q2 25 | $478.7M | $2.6M | ||
| Q1 25 | $453.8M | $2.6M | ||
| Q4 24 | $493.9M | $2.0M | ||
| Q3 24 | $456.6M | $2.6M | ||
| Q2 24 | $426.7M | $2.7M | ||
| Q1 24 | $410.8M | $2.4M |
| Q4 25 | $-78.8M | — | ||
| Q3 25 | $-74.0M | $-1.1M | ||
| Q2 25 | $-51.2M | $-289.9K | ||
| Q1 25 | $-30.0M | $-338.9K | ||
| Q4 24 | $-68.9M | — | ||
| Q3 24 | $-36.0M | $-2.5M | ||
| Q2 24 | $-73.1M | $-563.5K | ||
| Q1 24 | $-56.2M | $-1.5M |
| Q4 25 | 43.1% | 40.3% | ||
| Q3 25 | 44.0% | 10.1% | ||
| Q2 25 | 43.6% | 50.2% | ||
| Q1 25 | 43.2% | 45.7% | ||
| Q4 24 | 38.6% | 42.8% | ||
| Q3 24 | 43.1% | 45.1% | ||
| Q2 24 | 44.1% | 44.4% | ||
| Q1 24 | 42.6% | 42.8% |
| Q4 25 | 9.8% | -59.3% | ||
| Q3 25 | -2.3% | -5.0% | ||
| Q2 25 | -5.7% | -7.7% | ||
| Q1 25 | 0.8% | -7.3% | ||
| Q4 24 | -3.8% | -48.4% | ||
| Q3 24 | 1.8% | -92.0% | ||
| Q2 24 | 1.8% | -18.5% | ||
| Q1 24 | -2.9% | -62.6% |
| Q4 25 | -16.8% | — | ||
| Q3 25 | -15.7% | -11.5% | ||
| Q2 25 | -10.7% | -11.3% | ||
| Q1 25 | -6.6% | -12.9% | ||
| Q4 24 | -13.9% | — | ||
| Q3 24 | -7.9% | -94.3% | ||
| Q2 24 | -17.1% | -21.0% | ||
| Q1 24 | -13.7% | -61.6% |
| Q4 25 | $-0.91 | $-0.06 | ||
| Q3 25 | $-1.21 | $-0.06 | ||
| Q2 25 | $-0.88 | $-0.02 | ||
| Q1 25 | $-0.59 | $-0.03 | ||
| Q4 24 | $-0.57 | $0.11 | ||
| Q3 24 | $-0.62 | $-0.72 | ||
| Q2 24 | $-1.12 | $-0.22 | ||
| Q1 24 | $-1.52 | $-0.65 |
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 | $6.7M |
| Total DebtLower is stronger | $1.9B | — |
| Stockholders' EquityBook value | $442.0M | $28.0M |
| Total Assets | $3.0B | $35.5M |
| Debt / EquityLower = less leverage | 4.25× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $68.0M | $6.7M | ||
| Q3 25 | $61.1M | $1.7M | ||
| Q2 25 | $73.8M | $468.8K | ||
| Q1 25 | $146.2M | $147.3K | ||
| Q4 24 | $59.7M | $161.9K | ||
| Q3 24 | $64.9M | $162.3K | ||
| Q2 24 | $61.5M | $363.4K | ||
| Q1 24 | $59.5M | $273.1K |
| 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 | $28.0M | ||
| Q3 25 | $519.2M | $13.6M | ||
| Q2 25 | $601.9M | $6.5M | ||
| Q1 25 | $680.7M | $6.8M | ||
| Q4 24 | $678.6M | $3.1M | ||
| Q3 24 | $672.2M | $-895.9K | ||
| Q2 24 | $711.3M | $48.2K | ||
| Q1 24 | $799.7M | $-42.7K |
| Q4 25 | $3.0B | $35.5M | ||
| Q3 25 | $3.2B | $18.3M | ||
| Q2 25 | $3.3B | $11.6M | ||
| Q1 25 | $3.4B | $11.9M | ||
| Q4 24 | $3.3B | $9.9M | ||
| Q3 24 | $3.3B | $5.1M | ||
| Q2 24 | $3.2B | $5.8M | ||
| Q1 24 | $3.3B | $6.2M |
| 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 | $1.7M |
| 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.
| Q4 25 | $47.0M | $1.7M | ||
| Q3 25 | $10.7M | $-1.9M | ||
| Q2 25 | $-35.2M | $92.5K | ||
| Q1 25 | $-29.3M | $-322.6K | ||
| Q4 24 | $-16.1M | $-263.4K | ||
| Q3 24 | $-48.4M | $-437.9K | ||
| Q2 24 | $-61.3M | $-468.7K | ||
| Q1 24 | $-25.4M | $-221.7K |
| Q4 25 | $36.9M | — | ||
| Q3 25 | $481.0K | — | ||
| Q2 25 | $-46.0M | — | ||
| Q1 25 | $-42.4M | — | ||
| Q4 24 | $-39.0M | — | ||
| Q3 24 | $-63.5M | — | ||
| Q2 24 | $-72.2M | — | ||
| Q1 24 | $-33.1M | — |
| Q4 25 | 7.9% | — | ||
| Q3 25 | 0.1% | — | ||
| Q2 25 | -9.6% | — | ||
| Q1 25 | -9.4% | — | ||
| Q4 24 | -7.9% | — | ||
| Q3 24 | -13.9% | — | ||
| Q2 24 | -16.9% | — | ||
| Q1 24 | -8.1% | — |
| Q4 25 | 2.2% | — | ||
| Q3 25 | 2.2% | — | ||
| Q2 25 | 2.3% | — | ||
| Q1 25 | 2.9% | — | ||
| Q4 24 | 4.6% | — | ||
| Q3 24 | 3.3% | — | ||
| Q2 24 | 2.6% | — | ||
| Q1 24 | 1.9% | — |
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% |
XWIN
Segment breakdown not available.
