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Compass Diversified vs Flexsteel Industries: CODI and FLXS compared
Compass Diversified is the larger company: $423M of revenue in its latest quarter (Q3 2026) against $114M for Flexsteel Industries (Q1 FY27). Flexsteel Industries is growing faster (+3% against -10% a year earlier). Compass Diversified is more profitable, with an operating margin of 7.5% against 6.0%.
Where the money goes: CODI and FLXS
Compass Diversified (CODI) · Q3 2026
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 follows the revenue to costs, profit and cash.
Flexsteel Industries (FLXS) · Q1 FY27
Flexsteel Industries, Q1 FY27: revenue $114M (+3% year over year), operating margin 6.0%, net earnings $5.4M, operating cash flow −$1.5M. The chart follows the revenue to costs, profit and cash.
| Compass Diversified (CODI) | Flexsteel Industries (FLXS) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q1 FY27 |
| Revenue | $423M | $114M |
| Revenue growth, Y/Y | -10% | +3% |
| Gross margin | 46.9% | 22.0% |
| Operating margin | 7.5% | 6.0% |
| Net earnings | $21.5M | $5.4M |
| Net margin | 5.1% | 4.8% |
| Operating cash flow | $51.6M | −$1.5M |
| Free cash flow | $44.9M | — |
| Market value | $851M | $372M |
| P/E | — | 14.2× |
| Analysts’ mean target | $17.00 | $87.00 |
Where the revenue comes from
Compass Diversified
- 5.11 Tactical: $134M (32%)
- Altor: $64.6M (15%)
- BOA: $53.0M (13%)
- Arnold: $47.7M (11%)
Flexsteel Industries
- Flexsteel Brand: $113M (99%)
- Homestyles Brand: $1.4M (1%)
Questions
Which is bigger, Compass Diversified or Flexsteel Industries?
Compass Diversified is the larger company: $423M of revenue in its latest quarter (Q3 2026) against $114M for Flexsteel Industries (Q1 FY27).
Is Compass Diversified or Flexsteel Industries growing faster?
Flexsteel Industries is growing faster (+3% against -10% a year earlier).
Which is more profitable, Compass Diversified or Flexsteel Industries?
Compass Diversified is more profitable, with an operating margin of 7.5% against 6.0%.
More: Compass Diversified earnings · how Compass Diversified makes money · Flexsteel Industries earnings · how Flexsteel Industries makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Nov 4, 2026; 10-Q filed Oct 28, 2026). Fiscal quarters can end on different dates. Not investment advice.