Compass Diversified HoldingsCODI

NYSEConsumer SpendingHousehold Furniture
Price (close)
$11.25
Market cap
$846.4M
P/E
—
Revenue (TTM)
$1.8B
Net income
-$94.9M
Dividend yield
—
1-year total return
66.9%
Net margin
-5.3%
Revenue growth
-4.8%
Debt / equity
3.35x

What Compass Diversified Holdings does.

Compass Diversified Holdings, a Delaware statutory trust, was formed in Delaware on November 18, 2005. Compass Group Diversified Holdings, LLC, a Delaware limited liability company, was also formed on November 18, 2005. The Trust and the LLC were formed to acquire and manage a group of small and middle-market businesses headquartered in North America. The Trust is the sole owner of 100% of the Trust Interests, as defined in our LLC Agreement, of the LLC. Pursuant to the LLC Agreement, the Trust owns an identical number of Trust Interests in the LLC as exist for the number of outstanding shares of the Trust.

The Trust was previously treated as a partnership for U.S. federal income tax purposes but elected, effective September 1, 2021, to be taxed as an association taxable as a corporation.

The LLC is the operating entity with a board of directors (the "Board") whose corporate governance responsibilities are similar to that of a Delaware corporation. The LLC’s Board oversees the management of the Company and our businesses and the performance of our Manager. Certain persons who are employees, former employees or members of our Manager receive a profit allocation as beneficial owners (through Sostratus LLC ) of th e Allocation Interests, as defined in our LLC Agreement.

Revenue and profit, by fiscal year.

Fiscal year202020212022202320242025
Revenue$1.6B$1.7B$1.8B$1.7B$1.8B$1.9B
Net income$22.8M$114.6M-$59.2M$108.6M-$208.9M-$226.4M
Free cash flow$119.2M$100.9M-$106.8M-$38.4M-$207.8M-$51.1M

More on CODI.

Figures from Compass Diversified Holdings's filings with the U.S. SEC, standardised automatically; prices are end-of-day closes. Not financial advice.