Filing Flows › Compass Diversified (CODI) › Q3 2026 › vs Q2 2026
Compass Diversified (CODI) Q3 2026 vs Q2 2026 (quarter over quarter)
Compass Diversified's revenue fell $1.1M (-0.3%) from $424M in Q2 2026 to $423M in Q3 2026. The biggest changes: Primaloft −$13.4M (-45%); Velocity Outdoor +$12.6M (+74%); Rimports −$9.3M (-21%). Gross margin 46.9% against 47.2% (-0.2 pts).
Compass Diversified, Q3 2026: revenue $423M (-10% year over year), operating margin 7.5%, net earnings $21.5M, operating cash flow $51.6M. The chart draws each line against Q2 2026, the increases inside each band.
Margins
| Q3 2026 | Q2 2026 | Change | |
|---|---|---|---|
| Gross margin | 46.9% | 47.2% | -0.2 pts |
| Operating margin | 7.5% | 6.8% | +0.7 pts |
| Net margin | 5.1% | 19.1% | -14.0 pts |
| Free cash flow margin | 10.6% | 5.5% | +5.1 pts |
Every line
| Line | Q3 2026 | Q2 2026 | Change | % |
|---|---|---|---|---|
| 5.11 Tactical | $134M | $126M | $7.4M | +6% |
| Altor | $64.6M | $65.7M | −$1.0M | -2% |
| BOA | $53.0M | $59.1M | −$6.1M | -10% |
| Arnold | $47.7M | $43.2M | $4.4M | +10% |
| The Honey Pot | $42.8M | $38.4M | $4.4M | +11% |
| Rimports | $35.0M | $44.3M | −$9.3M | -21% |
| Velocity Outdoor | $29.7M | $17.1M | $12.6M | +74% |
| Primaloft | $16.3M | $29.7M | −$13.4M | -45% |
| Revenue | $423M | $424M | −$1.1M | -0.3% |
| Gross profit | $199M | $200M | −$1.5M | -0.7% |
| Cost of revenue | $224M | $224M | $341K | +0.2% |
| Operating profit | $31.8M | $29.0M | $2.9M | +10% |
| Operating expenses | $167M | $171M | −$4.3M | -3% |
| Pre-tax earnings | $3.5M | $129M | −$125M | -97% |
| Other expense, net | $28.4M | −$99.8M | $128M | — |
| SG&A | $130M | $134M | −$4.0M | -3% |
| Other operating costs | $36.3M | $36.7M | −$349K | -1% |
| Income tax benefit | $20.1M | −$45.4M | $65.5M | — |
| Net earnings | $21.5M | $81.1M | −$59.5M | -73% |
| Minority interests | $2.1M | $2.3M | −$181K | -8% |
| Depreciation & amortization | $34.6M | $35.1M | −$451K | -1% |
| Working capital & other | $4.6M | $86.5M | −$81.8M | -95% |
| Operating cash flow | $51.6M | $29.7M | $21.8M | +74% |
| Free cash flow (OCF − capex) | $44.9M | $23.5M | $21.5M | +91% |
| Capital expenditures | $6.6M | $6.2M | $392K | +6% |
Questions
How much did Compass Diversified's revenue grow quarter over quarter in Q3 2026?
Compass Diversified's revenue fell $1.1M (-0.3%) from $424M in Q2 2026 to $423M in Q3 2026.
What drove Compass Diversified's revenue change in Q3 2026?
Primaloft −$13.4M (-45%); Velocity Outdoor +$12.6M (+74%); Rimports −$9.3M (-21%).