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Compass Diversified cash flow, quarter by quarter

Latest: Q2 2026 · from the cash-flow statements filed with the SEC

Free cash flow$23.5M in Q2 2026 · $79.6M over twelve months

Operating cash flow$29.7M
Capital spending−$6.2M
Free cash flow+$23.5M
Cash / net income0.4×
Cash conversion cycle163 days

Analysis

In Q2 2026, Compass Diversified generated $29.7M of operating cash flow and spent $6.2M on capital projects, leaving free cash flow of $23.5M. That is $69.5M more than in Q2 2025 (−$46.0M).

Over the twelve months to Jun 30, 2026, operating cash flow was $111M; the largest uses were other financing ($373M), capital spending ($31.7M); besides operations, cash came from asset & business sales ($291M), other investing ($9.4M); the cash balance rose by $13.7M.

Operating cash flow was $29.7M against net income of $83.4M — 0.4× profit, less cash than reported earnings, worth checking against working capital. The largest differences: depreciation & amortization +$35.1M, payables +$22.4M, prepaid and other assets +$10.0M.

Its cash conversion cycle was 163 days (receivables 40 + inventory 153 − payables 30).

Free cash flow

Compass Diversified: free cash flow by quarterCompass Diversified: free cash flow by quarter−$63.5MQ3 2024−$39.0MQ4 2024−$42.4MQ1 2025−$46.0MQ2 2025$481KQ3 2025$36.9MQ4 2025$18.8MQ1 2026$23.5MQ2 2026
Operating cash flow less capital spending.
Compass Diversified: operating cash flow against capital spendingCompass Diversified: operating cash flow against capital spendingOperating cash flowCapital spending−$48.4M$15.1MQ3 2024−$16.1M$22.9MQ4 2024−$29.3M$13.1MQ1 2025−$35.2M$10.9MQ2 2025$10.7M$10.2MQ3 2025$47.0M$10.1MQ4 2025$23.9M$5.1MQ1 2026$29.7M$6.2MQ2 2026
Latest (Q2 2026): Operating cash flow $29.7M, Capital spending $6.2M.

Capital allocation, year by year

Compass Diversified: where the cash came from (up) and went (down), by fiscal yearCompass Diversified: where the cash came from (up) and went (down), by fiscal yearOperating cash flowNet borrowingShares issuedAsset salesCapital spendingAcquisitionsBuybacksFY2021: Operating cash flow $134MFY2021: Net borrowing $365MFY2021: Shares issued $115MFY2021: Asset sales $101MFY2021: Capital spending −$33.1MFY2021: Acquisitions −$357M$715MFY2021FY2022: Operating cash flow −$46.6MFY2022: Net borrowing $155MFY2022: Shares issued $83.9MFY2022: Asset sales $9.4MFY2022: Capital spending −$60.2MFY2022: Acquisitions −$569M$248MFY2022FY2023: Operating cash flow $16.6MFY2023: Net borrowing −$155MFY2023: Shares issued $74.3MFY2023: Asset sales $500MFY2023: Capital spending −$55.0MFY2023: Buybacks −$9.3M$591MFY2023FY2024: Operating cash flow −$151MFY2024: Net borrowing $110MFY2024: Shares issued $123MFY2024: Asset sales $74.7MFY2024: Capital spending −$56.7MFY2024: Acquisitions −$518MFY2024: Buybacks −$9.6M$307MFY2024FY2025: Operating cash flow −$6.8MFY2025: Net borrowing −$110MFY2025: Shares issued $58.9MFY2025: Asset sales $3.7MFY2025: Capital spending −$44.3MFY2025: Acquisitions $495K$63.1MFY2025
Over these 5 years operating cash flow totalled −$53.9M; the largest uses were acquisitions ($1.4B) and net borrowing ($265M). Cash-flow statements as filed.

Cash runway and the debt wall

Cash & investments$87.4M
Debt$1.6B
Net debt$1.5B
Due within a year$37.5M

Compass Diversified funds itself: free cash flow was $79.6M over the last twelve months, and $87.4M of cash and investments stands against $1.6B of debt ($37.5M due within a year, 2.3× covered by cash).

Compass Diversified: debt maturities by year (FY2025)Compass Diversified: debt maturities by year (FY2025)$37.5MYear 1$515MYear 2$1.0BYear 4$309MAfter year 5
Principal due in each year as disclosed in the annual report, against $87.4M of cash and investments now.

Where the cash came from and went

Compass Diversified: sources (+) and uses (−) of cash, Q2 2026Compass Diversified: sources (+) and uses (−) of cash, Q2 2026Other financing−$292MAsset & business sales$290MOperating cash flow$29.7MCash drawn (+) / kept (−)−$22.3MCapital spending−$6.2MNet borrowing (+) / repaid (−)$2.0MOther investing−$897KExchange rates−$689KPartners$265K
Compass Diversified: sources (+) and uses (−) of cash, TTM to Q2 2026Compass Diversified: sources (+) and uses (−) of cash, TTM to Q2 2026Other financing−$373MAsset & business sales$291MOperating cash flow$111MCapital spending−$31.7MCash drawn (+) / kept (−)−$13.7MOther investing$9.4MPartners$5.7MNet borrowing (+) / repaid (−)$2.0MNot reconciled−$555K

From profit to cash

Compass Diversified: net income to operating cash flow, Q2 2026Compass Diversified: net income to operating cash flow, Q2 2026Net income$83.4MDepreciation & amortization$35.1MDeferred taxes−$582KOther non-cash$1.1MReceivables$1.1MInventory−$251KPayables$22.4MPrepaid and other assets$10.0MOperating cash flow$29.7M
Non-cash charges are added back; money tied up in receivables or inventory is subtracted.
QuarterReceivable daysInventory daysPayable daysCash conversion cycle
Q2 20264015330163
Q1 20264114832157
Q4 20254217438178
Q3 20254321041211
Q2 20253920337206
Q1 20254020436209
Q4 20244017130181
Q3 20244119333201

Every quarter

QuarterOperating cash flowCapital spendingAcquisitionsBuybacksNet borrowing (+) / repaid (−)Shares issuedCash drawn (+) / kept (−)Free cash flow
Q2 2026$29.7M−$6.2M——$2.0M—−$22.3M$23.5M
Q1 2026$23.9M−$5.1M——−$14K—$2.8M$18.8M
Q4 2025$47.0M−$10.1M——−$6.0M−$118K−$6.9M$36.9M
Q3 2025$10.7M−$10.2M——$6.0M$118K$12.6M$481K
Q2 2025−$35.2M−$10.9M——−$10K$837K$72.5M−$46.0M
Q1 2025−$29.3M−$13.1M$495K—$90.0M$58.1M−$86.6M−$42.4M
Q4 2024−$16.1M−$22.9M−$138M−$9.6M−$21K$87.6M$12.2M−$39.0M
Q3 2024−$48.4M−$15.1M−$525K—$56.0M$20.7M−$3.6M−$63.5M

Compass Diversified: income statement and cash flow

Compass Diversified, Q3 2026: revenue $423M (-10% year over year), operating margin 7.5%. The chart follows the revenue to costs, profit and cash.

Compass Diversified: every quarter, Q/Q and Y/Y → Open in the app

Read automatically from the company’s XBRL cash-flow statements; quarterly figures for the fourth quarter are the year less the first three. Errors are possible. Not investment advice.