Filing Flows › Compass Diversified (CODI) › Q2 2026 › vs Q1 2026
Compass Diversified (CODI) Q2 2026 vs Q1 2026 (quarter over quarter)
Compass Diversified's revenue fell $2.8M (-0.7%) from $427M in Q1 2026 to $424M in Q2 2026. Gross margin 47.2% against 44.4% (+2.8 pts).
Compass Diversified, Q2 2026: revenue $424M (-11% year over year), operating margin 6.8%, net earnings $81.1M, operating cash flow $29.7M. The chart draws each line against Q1 2026, the increases inside each band.
Margins
| Q2 2026 | Q1 2026 | Change | |
|---|---|---|---|
| Gross margin | 47.2% | 44.4% | +2.8 pts |
| Operating margin | 6.8% | -0.5% | +7.3 pts |
| Net margin | 19.1% | -7.2% | +26.3 pts |
| Free cash flow margin | 5.5% | 4.4% | +1.1 pts |
Every line
| Line | Q2 2026 | Q1 2026 | Change | % |
|---|---|---|---|---|
| Revenue | $424M | $427M | −$2.8M | -0.7% |
| Gross profit | $200M | $189M | $10.6M | +6% |
| Cost of revenue | $224M | $237M | −$13.4M | -6% |
| Other income, net | $99.8M | −$21.7M | $121M | — |
| Operating profit | $29.0M | −$1.9M | $30.9M | — |
| Operating expenses | $171M | $191M | −$20.3M | -11% |
| Pre-tax earnings | $129M | −$23.6M | $152M | — |
| SG&A | $134M | $132M | $2.3M | +2% |
| Other operating costs | $36.7M | $59.3M | −$22.6M | -38% |
| Net earnings | $81.1M | −$30.8M | $112M | — |
| Minority interests | $2.3M | $85K | $2.2M | 27× |
| Income tax | $45.4M | $7.1M | $38.3M | +542% |
| Operating cash sources | $116M | $6.0M | $110M | 19× |
| Depreciation & amortization | $35.1M | $36.8M | −$1.7M | -5% |
| Working capital & other | $86.5M | −$17.9M | $104M | — |
| Operating cash flow | $29.7M | $23.9M | $5.8M | +24% |
| Free cash flow (OCF − capex) | $23.5M | $18.8M | $4.7M | +25% |
| Capital expenditures | $6.2M | $5.1M | $1.1M | +22% |
Questions
How much did Compass Diversified's revenue grow quarter over quarter in Q2 2026?
Compass Diversified's revenue fell $2.8M (-0.7%) from $427M in Q1 2026 to $424M in Q2 2026. Gross margin 47.2% against 44.4% (+2.8 pts).