Filing Flows › Compass Diversified (CODI) › Q2 2026 › vs Q2 2025
Compass Diversified (CODI) Q2 2026 vs Q2 2025 (year over year)
Compass Diversified's revenue fell $54.6M (-11%) from $479M in Q2 2025 to $424M in Q2 2026. The biggest changes: Rimports −$33.2M (-43%); Altor −$17.6M (-21%); BOA +$10.7M (+22%). Gross margin 47.2% against 43.6% (+3.6 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 Q2 2025, the increases inside each band.
Margins
| Q2 2026 | Q2 2025 | Change | |
|---|---|---|---|
| Gross margin | 47.2% | 43.6% | +3.6 pts |
| Operating margin | 6.8% | -5.7% | +12.5 pts |
| Net margin | 19.1% | -10.7% | +29.8 pts |
| Free cash flow margin | 5.5% | -9.6% | +15.2 pts |
Every line
| Line | Q2 2026 | Q2 2025 | Change | % |
|---|---|---|---|---|
| 5.11 Tactical | $126M | $131M | −$4.9M | -4% |
| Altor | $65.7M | $83.3M | −$17.6M | -21% |
| BOA | $59.1M | $48.4M | $10.7M | +22% |
| Rimports | $44.3M | $77.5M | −$33.2M | -43% |
| Arnold | $43.2M | $38.4M | $4.8M | +12% |
| The Honey Pot | $38.4M | $32.8M | $5.6M | +17% |
| Primaloft | $29.7M | $24.9M | $4.9M | +20% |
| Velocity Outdoor | $17.1M | $15.2M | $1.9M | +12% |
| Revenue | $424M | $479M | −$54.6M | -11% |
| Gross profit | $200M | $209M | −$8.6M | -4% |
| Cost of revenue | $224M | $270M | −$46.1M | -17% |
| Other income, net | $99.8M | −$33.4M | $133M | — |
| Operating profit | $29.0M | −$27.2M | $56.2M | — |
| Operating expenses | $171M | $236M | −$64.8M | -27% |
| Pre-tax earnings | $129M | −$60.6M | $189M | — |
| SG&A | $134M | $162M | −$27.8M | -17% |
| Other operating costs | $36.7M | $73.7M | −$37.0M | -50% |
| Net earnings | $81.1M | −$51.2M | $132M | — |
| Minority interests | $2.3M | −$26.8M | $29.0M | — |
| Income tax | $45.4M | $17.4M | $28.0M | +161% |
| Operating cash sources | $116M | −$16.1M | $132M | — |
| Depreciation & amortization | $35.1M | $35.1M | −$49K | -0.1% |
| Working capital & other | $86.5M | $19.1M | $67.4M | +353% |
| Operating cash flow | $29.7M | −$35.2M | $64.9M | — |
| Free cash flow (OCF − capex) | $23.5M | −$46.0M | $69.5M | — |
| Capital expenditures | $6.2M | $10.9M | −$4.6M | -43% |
Questions
How much did Compass Diversified's revenue grow year over year in Q2 2026?
Compass Diversified's revenue fell $54.6M (-11%) from $479M in Q2 2025 to $424M in Q2 2026.
What drove Compass Diversified's revenue change in Q2 2026?
Rimports −$33.2M (-43%); Altor −$17.6M (-21%); BOA +$10.7M (+22%).