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Side-by-side financial comparison of Compass Diversified Holdings (CODI) and ZIONS BANCORPORATION, NATIONAL ASSOCIATION (ZION). Click either name above to swap in a different company.
ZIONS BANCORPORATION, NATIONAL ASSOCIATION is the larger business by last-quarter revenue ($891.0M vs $468.6M, roughly 1.9× Compass Diversified Holdings). ZIONS BANCORPORATION, NATIONAL ASSOCIATION runs the higher net margin — 29.5% vs -16.8%, a 46.3% gap on every dollar of revenue. On growth, ZIONS BANCORPORATION, NATIONAL ASSOCIATION posted the faster year-over-year revenue change (8.7% vs -5.1%). ZIONS BANCORPORATION, NATIONAL ASSOCIATION produced more free cash flow last quarter ($952.0M vs $36.9M). Over the past eight quarters, ZIONS BANCORPORATION, NATIONAL ASSOCIATION's revenue compounded faster (9.6% 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.
Zions Bancorporation is an American national bank headquartered in Salt Lake City, Utah. It operates as a national bank rather than as a bank holding company and does business under the following seven brands: Zions Bank, Amegy Bank of Texas, California Bank and Trust, National Bank of Arizona, Nevada State Bank, Vectra Bank Colorado, and the Commerce Bank of Washington.
CODI vs ZION — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $468.6M | $891.0M |
| Net Profit | $-78.8M | $263.0M |
| Gross Margin | 43.1% | — |
| Operating Margin | 9.8% | — |
| Net Margin | -16.8% | 29.5% |
| Revenue YoY | -5.1% | 8.7% |
| Net Profit YoY | -14.4% | 21.8% |
| EPS (diluted) | $-0.91 | $1.77 |
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 | $891.0M | ||
| Q3 25 | $472.6M | $861.0M | ||
| Q2 25 | $478.7M | $838.0M | ||
| Q1 25 | $453.8M | $795.0M | ||
| Q4 24 | $493.9M | $820.0M | ||
| Q3 24 | $456.6M | $792.0M | ||
| Q2 24 | $426.7M | $777.0M | ||
| Q1 24 | $410.8M | $742.0M |
| Q4 25 | $-78.8M | $263.0M | ||
| Q3 25 | $-74.0M | $222.0M | ||
| Q2 25 | $-51.2M | $244.0M | ||
| Q1 25 | $-30.0M | $170.0M | ||
| Q4 24 | $-68.9M | $216.0M | ||
| Q3 24 | $-36.0M | $214.0M | ||
| Q2 24 | $-73.1M | $201.0M | ||
| Q1 24 | $-56.2M | $153.0M |
| 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% | — | ||
| Q3 25 | -2.3% | — | ||
| Q2 25 | -5.7% | — | ||
| Q1 25 | 0.8% | — | ||
| Q4 24 | -3.8% | — | ||
| Q3 24 | 1.8% | — | ||
| Q2 24 | 1.8% | — | ||
| Q1 24 | -2.9% | — |
| Q4 25 | -16.8% | 29.5% | ||
| Q3 25 | -15.7% | 25.8% | ||
| Q2 25 | -10.7% | 29.1% | ||
| Q1 25 | -6.6% | 21.4% | ||
| Q4 24 | -13.9% | 26.3% | ||
| Q3 24 | -7.9% | 27.0% | ||
| Q2 24 | -17.1% | 25.9% | ||
| Q1 24 | -13.7% | 20.6% |
| Q4 25 | $-0.91 | $1.77 | ||
| Q3 25 | $-1.21 | $1.48 | ||
| Q2 25 | $-0.88 | $1.63 | ||
| Q1 25 | $-0.59 | $1.13 | ||
| Q4 24 | $-0.57 | $1.34 | ||
| Q3 24 | $-0.62 | $1.37 | ||
| Q2 24 | $-1.12 | $1.28 | ||
| Q1 24 | $-1.52 | $0.96 |
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 | — |
| Total DebtLower is stronger | $1.9B | $1.5B |
| Stockholders' EquityBook value | $442.0M | $7.2B |
| Total Assets | $3.0B | $89.0B |
| Debt / EquityLower = less leverage | 4.25× | 0.21× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $68.0M | — | ||
| Q3 25 | $61.1M | — | ||
| Q2 25 | $73.8M | — | ||
| Q1 25 | $146.2M | — | ||
| Q4 24 | $59.7M | — | ||
| Q3 24 | $64.9M | — | ||
| Q2 24 | $61.5M | — | ||
| Q1 24 | $59.5M | — |
| Q4 25 | $1.9B | $1.5B | ||
| Q3 25 | $1.9B | $1.5B | ||
| Q2 25 | $1.9B | $970.0M | ||
| Q1 25 | $1.9B | $964.0M | ||
| Q4 24 | $1.8B | $950.0M | ||
| Q3 24 | $1.8B | $548.0M | ||
| Q2 24 | $1.7B | $546.0M | ||
| Q1 24 | $1.7B | $544.0M |
| Q4 25 | $442.0M | $7.2B | ||
| Q3 25 | $519.2M | $6.9B | ||
| Q2 25 | $601.9M | $6.6B | ||
| Q1 25 | $680.7M | $6.3B | ||
| Q4 24 | $678.6M | $6.1B | ||
| Q3 24 | $672.2M | $6.4B | ||
| Q2 24 | $711.3M | $6.0B | ||
| Q1 24 | $799.7M | $5.8B |
| Q4 25 | $3.0B | $89.0B | ||
| Q3 25 | $3.2B | $88.5B | ||
| Q2 25 | $3.3B | $88.9B | ||
| Q1 25 | $3.4B | $88.0B | ||
| Q4 24 | $3.3B | $88.8B | ||
| Q3 24 | $3.3B | $87.0B | ||
| Q2 24 | $3.2B | $87.6B | ||
| Q1 24 | $3.3B | $87.1B |
| Q4 25 | 4.25× | 0.21× | ||
| Q3 25 | 3.62× | 0.21× | ||
| Q2 25 | 3.09× | 0.15× | ||
| Q1 25 | 2.73× | 0.15× | ||
| Q4 24 | 2.61× | 0.16× | ||
| Q3 24 | 2.64× | 0.09× | ||
| Q2 24 | 2.42× | 0.09× | ||
| Q1 24 | 2.15× | 0.09× |
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 | $1.1B |
| Free Cash FlowOCF − Capex | $36.9M | $952.0M |
| FCF MarginFCF / Revenue | 7.9% | 106.8% |
| Capex IntensityCapex / Revenue | 2.2% | 13.6% |
| Cash ConversionOCF / Net Profit | — | 4.08× |
| TTM Free Cash FlowTrailing 4 quarters | $-51.1M | $1.4B |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $47.0M | $1.1B | ||
| Q3 25 | $10.7M | $438.0M | ||
| Q2 25 | $-35.2M | $-62.0M | ||
| Q1 25 | $-29.3M | $179.0M | ||
| Q4 24 | $-16.1M | $1.1B | ||
| Q3 24 | $-48.4M | $119.0M | ||
| Q2 24 | $-61.3M | $251.0M | ||
| Q1 24 | $-25.4M | $261.0M |
| Q4 25 | $36.9M | $952.0M | ||
| Q3 25 | $481.0K | $413.0M | ||
| Q2 25 | $-46.0M | $-93.0M | ||
| Q1 25 | $-42.4M | $152.0M | ||
| Q4 24 | $-39.0M | $1.1B | ||
| Q3 24 | $-63.5M | $97.0M | ||
| Q2 24 | $-72.2M | $234.0M | ||
| Q1 24 | $-33.1M | $231.0M |
| Q4 25 | 7.9% | 106.8% | ||
| Q3 25 | 0.1% | 48.0% | ||
| Q2 25 | -9.6% | -11.1% | ||
| Q1 25 | -9.4% | 19.1% | ||
| Q4 24 | -7.9% | 128.2% | ||
| Q3 24 | -13.9% | 12.2% | ||
| Q2 24 | -16.9% | 30.1% | ||
| Q1 24 | -8.1% | 31.1% |
| Q4 25 | 2.2% | 13.6% | ||
| Q3 25 | 2.2% | 2.9% | ||
| Q2 25 | 2.3% | 3.7% | ||
| Q1 25 | 2.9% | 3.4% | ||
| Q4 24 | 4.6% | 11.8% | ||
| Q3 24 | 3.3% | 2.8% | ||
| Q2 24 | 2.6% | 2.2% | ||
| Q1 24 | 1.9% | 4.0% |
| Q4 25 | — | 4.08× | ||
| Q3 25 | — | 1.97× | ||
| Q2 25 | — | -0.25× | ||
| Q1 25 | — | 1.05× | ||
| Q4 24 | — | 5.31× | ||
| Q3 24 | — | 0.56× | ||
| Q2 24 | — | 1.25× | ||
| Q1 24 | — | 1.71× |
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% |
ZION
Segment breakdown not available.
