COMPASS DIVERSIFIED (CODI)
Financials · Diversified holding company / permanent capital operator · NYSE
A permanent capital holding company acquiring and actively managing a diversified portfolio of profitable middle-market businesses in branded consumer and industrial sectors, but currently facing significant operational and financial headwinds from internal control failures and a major subsidiary bankruptcy.
What COMPASS DIVERSIFIED does
Compass Diversified Holdings is a Delaware statutory trust that acquires and actively manages a diversified portfolio of controlling interests in small and middle-market businesses primarily in the branded consumer and industrial sectors. The company operates through subsidiaries including 5.11 (tactical apparel and gear), BOA (closure system technology), and other businesses, providing ongoing strategic and financial support while leveraging its permanent capital structure to invest in growth and add-on acquisitions. The company generates value through disciplined acquisition, professional management, and long-term ownership of businesses with stable cash flows and minimal technological obsolescence risk.
Themes: ["Branded consumer goods","Industrial manufacturing and services","Middle-market acquisitions and active management","Permanent capital model"]
Fundamentals
- Price$10.15 as of 2026-07-09 close
- Market cap$766M as of 2026-07-10
- 1-year return+56.6% as of 2026-07-09 close
- Net margin-12.3% as of 2026-07-10
- Gross margin+43.7% as of 2026-07-10
- ROE-46.3% as of 2026-07-10
- Debt / equity4.66 as of 2026-07-10
- Revenue growth (YoY)-13.2% as of 2026-07-10
- Revenue CAGR (3y)+2.2% SEC XBRL
- Beta1.26 as of 2026-07-10
Dividend: yield +4.9%; 1-year non-decreasing per-share dividend streak (SEC XBRL).
Key risks (from latest filing)
["Internal control deficiencies and material weaknesses identified in financial reporting, with ongoing Lugano Investigation and bankruptcy proceedings affecting consolidated operations and requiring significant professional remediation costs","Restatement of financial statements and delayed periodic filings due to accounting irregularities at Lugano subsidiary, limiting access to capital markets including at-the-market equity programs","Liquidity and deleveraging challenges following suspension of quarterly cash distributions in 2025 and uncertainty around intercompany loan recoveries from bankrupt Lugano subsidiary"]
Competitors & peers
Fundamentals: Finnhub, as of 2026-07-10. Filings: SEC EDGAR. Prices are delayed daily-close data.
Last updated 2026-07-09.
Informational only — NOT financial advice. All figures are delayed daily-close data from SEC EDGAR & Finnhub, shown with their as-of date.