Filing Flows › Compass Diversified (CODI) › Q3 2026 › vs Q3 2025
Compass Diversified (CODI) Q3 2026 vs Q3 2025 (year over year)
Compass Diversified's revenue fell $49.6M (-11%) from $473M in Q3 2025 to $423M in Q3 2026. The biggest changes: Rimports −$38.5M (-52%); Altor −$15.2M (-19%); Arnold +$10.0M (+26%). Gross margin 46.9% against 44.0% (+3.0 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 Q3 2025, the increases inside each band.
Margins
| Q3 2026 | Q3 2025 | Change | |
|---|---|---|---|
| Gross margin | 46.9% | 44.0% | +3.0 pts |
| Operating margin | 7.5% | -2.3% | +9.9 pts |
| Net margin | 5.1% | -15.7% | +20.8 pts |
| Free cash flow margin | 10.6% | 0.1% | +10.5 pts |
Every line
| Line | Q3 2026 | Q3 2025 | Change | % |
|---|---|---|---|---|
| 5.11 Tactical | $134M | $143M | −$9.4M | -7% |
| Altor | $64.6M | $79.8M | −$15.2M | -19% |
| BOA | $53.0M | $43.9M | $9.0M | +21% |
| Arnold | $47.7M | $37.7M | $10.0M | +26% |
| The Honey Pot | $42.8M | $34.7M | $8.0M | +23% |
| Rimports | $35.0M | $73.5M | −$38.5M | -52% |
| Velocity Outdoor | $29.7M | $29.0M | $679K | +2% |
| Primaloft | $16.3M | $13.3M | $3.0M | +23% |
| Revenue | $423M | $473M | −$49.6M | -11% |
| Gross profit | $199M | $208M | −$9.2M | -4% |
| Cost of revenue | $224M | $265M | −$40.4M | -15% |
| Operating profit | $31.8M | −$11.1M | $42.9M | — |
| Operating expenses | $167M | $219M | −$52.1M | -24% |
| Pre-tax earnings | $3.5M | −$81.5M | $85.0M | — |
| Other expense, net | $28.4M | $70.4M | −$42.1M | -60% |
| SG&A | $130M | $179M | −$49.0M | -27% |
| Other operating costs | $36.3M | $39.5M | −$3.2M | -8% |
| Income tax benefit | $20.1M | −$5.8M | $25.9M | — |
| Net earnings | $21.5M | −$74.0M | $95.6M | — |
| Minority interests | $2.1M | −$13.2M | $15.3M | — |
| Depreciation & amortization | $34.6M | $35.0M | −$314K | -0.9% |
| Working capital & other | $4.6M | −$49.7M | $54.4M | — |
| Operating cash flow | $51.6M | $10.7M | $40.9M | +383% |
| Free cash flow (OCF − capex) | $44.9M | $481K | $44.4M | 93× |
| Capital expenditures | $6.6M | $10.2M | −$3.6M | -35% |
Questions
How much did Compass Diversified's revenue grow year over year in Q3 2026?
Compass Diversified's revenue fell $49.6M (-11%) from $473M in Q3 2025 to $423M in Q3 2026.
What drove Compass Diversified's revenue change in Q3 2026?
Rimports −$38.5M (-52%); Altor −$15.2M (-19%); Arnold +$10.0M (+26%).