Filing Flows › Consumer Discretionary › Compass Diversified (CODI)
Compass Diversified (CODI) earnings and revenue breakdown
Latest: Q3 2026 · 10-Q filed Nov 4, 2026 · Compass Diversified (CODI) Q3 2026 earnings results →
Q3 2026 Revenue down 10% year over year to $423M · 5¢ of every $1 of revenue kept as net profit · operating margin 7.5%
Compass Diversified made $423M in Q3 2026 (-10% Y/Y): 5.11 Tactical $134M, Altor $64.6M, BOA $53.0M. Operating margin 7.5%, net earnings $21.5M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Nov 4, 2026.
Drawing the Sankey…
Open the interactive Sankey → click any line for what the company wrote about it, compare Y/Y and Q/Q, export as PNG or PDF
What changed this quarter
Revenue was $422.9M in Q3 2026, down 11% year over year and roughly flat from the previous quarter. 5.11 Tactical was the largest line at 32% of revenue. Rimports lost $38.5M year over year (down 52%), 77% of the total change.
Gross margin was 46.9%, up 3.0 points from Q3 2025. Operating profit was $31.8M, a 7.5% margin (up 9.9 points year over year). Operating expenses fell 24% while revenue fell 11%. Net earnings were $21.5M. The tax line was a benefit of $20.1M on pre-tax earnings of $3.5M.
Operating cash flow was $51.6M (up 383% year over year), 218% of net income including minority interests. Non-cash charges added back $34.6M of depreciation and amortization. Working capital and other items used $6.7M. Capital expenditures of $6.6M left free cash flow of $44.9M.
Quarterly history
| Quarter | Form | Filed | Revenue | Y/Y | Op. margin | Net earnings | Op. cash flow |
|---|---|---|---|---|---|---|---|
| Q3 2026 | 10-Q | Nov 4, 2026 | $423M | -10% | 7.5% | $21.5M | $51.6M |
| Q2 2026 | 10-Q | Aug 10, 2026 | $424M | -11% | 6.8% | $81.1M | $29.7M |
| Q1 2026 | 10-Q | May 6, 2026 | $427M | -6% | -0.5% | −$30.7M | $23.9M |
| Q4 2025 | 10-K | Feb 27, 2026 | $469M | -5% | 9.8% | −$78.8M | $47.0M |
| Q3 2025 | 10-Q | Jan 14, 2026 | $473M | +4% | -2.3% | −$87.2M | $10.7M |
| Q2 2025 | 10-Q | Dec 29, 2025 | $479M | +12% | -5.7% | −$78.0M | −$35.2M |
| Q1 2025 | 10-Q | Dec 18, 2025 | $454M | +10% | 0.8% | −$49.7M | −$29.3M |
Charts
Interactive views
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💵Where each $1 goesinteractive
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🌏Named in Asian annual reportsinteractive
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🔄Rotation against the market and its industry (RRG)interactive
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🔍Earnings qualityinteractive
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⚖️Fair value by methodinteractive
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🔭Outlook & guidanceinteractive
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📈Investments: gains and what it boughtinteractive
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🏭Its industry’s money flow (input-output)interactive
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About Compass Diversified
Compass Diversified Holdings, a Delaware statutory trust, was formed in Delaware on November 18, 2005. Compass Group Diversified Holdings, LLC, a Delaware limited liability company, was also formed on November 18, 2005. The Trust and the LLC were formed to acquire and manage a group of small and middle-market businesses headquartered in North America. The Trust is the sole owner of 100% of the Trust Interests, as defined in our LLC Agreement, of the LLC. Pursuant to the LLC Agreement, the Trust owns an identical number of Trust Interests in the LLC as exist for the number of outstanding shares of the Trust.
In its own words, from its 10-K, filed Feb 27, 2026.
Compass Diversified against its Household Furniture peers
The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: -10% against the peers' median -3%. Operating margin: 7.5% against the peers' median 5.9%.
| Company | Quarter | Revenue | Y/Y | Op. margin |
|---|---|---|---|---|
| CODI Compass Diversified | Q3 2026 | $423M | -10% | 7.5% |
| SGI Somnigroup International | Q2 2026 | $1.8B | -3% | 11.1% |
| Leggett & Platt | Q2 2026 | $1.0B | -6% | 6.8% |
| LZB La-Z-Boy | Q1 FY27 | $476M | -3% | -0.4% |
| FLXS Flexsteel Industries | Q1 FY27 | $114M | +3% | 6.0% |
| PRPL Purple Innovation | Q3 2026 | $96.5M | -19% | -10.1% |
| HOFT Hooker Furnishings | Q2 FY27 | $63.2M | -9% | 2.0% |
| LUVU Luvu Brands | Q4 FY26 | $8.1M | +14% | 5.9% |
| XMAX XMax | Q2 2026 | $2.7M | +7% | -44.5% |
Source: Compass Diversified 10-Q on SEC EDGAR · CIK 1345126 · Household Furniture
Guidance and outlook
13F: who owns CODI and who is buying
More on CODI
History
Every quarter: Q3 2026 results · Q2 2026 results · Q1 2026 results · Q4 2025 results · Q3 2025 results · Q2 2025 results · Q1 2025 results