Compass Diversified Holdings

Listed Company

CODI-PBCIK 0001345126NYSEAcceleratedHousehold FurnitureDelawareFY ends Dec 31

Period

FY 2025

Revenue

$1.87B

Net Income

$-226.41M

Total Assets

$3.04B

Equity

$442.02M

Shares Out

75.24M

Op. Cash Flow

$-6.83M

Business

Compass Diversified Holdings acquires and actively manages controlling interests in small and middle-market businesses, serving as a permanent capital buyer and operator. It offers capital, strategic and operational management services to portfolio companies and supports growth through professionalization, add-on acquisitions and integrated management. The Company organizes its operations into two principal groups: branded consumer businesses (apparel, footwear, gear, jewelry, personal care and performance materials) and industrial businesses (manufacturing, engineered components, packaging and specialty products). Its businesses primarily serve North America with global distribution through direct-to-consumer, wholesale, retail, distributor and e‑commerce channels.

Summary from filing dated 2025-02-27

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Cost of revenues	1,059	1,038	1,015	1,192	1,062
Gross profit	814	750	675	729	662
Interest expense, net	−175	−123	−110	−83	−59
Amortization of debt issuance costs	−4	−4	−4	−4	−3
Disposal Group, Not Discontinued Operation, Gain (Loss) on Disposal	0	−24	0	0	—
Loss on debt extinguishment	−3	0	0	−500,000	−33
Deconsolidation, Gain (Loss), Amount	−112	0	0	—	—
Other income (expense), net (refer to Note O)	−15	−143	−83	−2	−1
Income Before Income Taxes	−298	−309	−266	58	27
Selling, general and administrative expense	661	588	502	442	418
Management fees	18	75	68	62	46
Amortization expense	93	95	84	77	74
Impairment expense	32	8	91	0	0
Operating income (loss)	11	−15	−69	148	123
Provision (benefit) for income taxes	−945,000	19	8	41	15
Loss from continuing operations	−297	−328	−275	16	11
Income from continuing operations before income taxes	0	−7	24	26	43
Gain on sale of discontinued operations, net of income tax	3	12	283	9	73
Net income (loss)	−294	−323	33	51	127
Less: Net loss from continuing operations attributable to noncontrolling interest	−67	−111	−76	14	7
Less: Net loss from discontinued operations attributable to noncontrolling interest	0	−3	−304,000	1	5
Net income (loss) attributable to Holdings	−226	−209	109	36	115
Loss from continuing operations	−229	−217	−199	2	4
Income (loss) from discontinued operations, net of income tax	0	−4	25	25	37
Continuing operations (in dollars per share)	−3.63	−3.94	−3.57	−0.53	−0.95
Income (Loss) from Discontinued Operations and Disposal of Discontinued Operations, Net of Tax, Per Diluted Share	0.04	0.11	4.27	0.43	1.68
Weighted average number of shares outstanding - basic and fully diluted	−3.59	−3.83	0.7	−0.1	0.73
Weighted Average Number of Shares Outstanding, Diluted	75	75	72	71	65
Cash distribution declared per share (refer to Note K)	0.5	1	1	1	2.21
Revenue from Contract with Customer, Excluding Assessed Tax	1,874	1,788	1,690	1,921	1,724

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Cash and cash equivalents	68	60	447	57	161
Accounts receivable, net	203	207	308	298	278
Inventories, net	404	571	723	681	566
Prepaid expenses and other current assets	78	127	89	73	57
Total current assets	845	965	1,604	1,210	1,061
Property, plant and equipment, net	210	245	191	185	186
Goodwill	895	896	774	950	708
Intangible assets, net	893	983	879	1,015	873
Total assets	3,039	3,297	3,817	3,850	3,144
Accounts payable	96	103	91	83	124
Accrued expenses	163	318	151	184	179
Other current liabilities	53	50	35	35	34
Total current liabilities	350	2,433	312	360	362
Deferred income taxes	104	108	119	143	98
Long-term debt (refer to Note I)	1,840	0	1,662	1,824	1,285
Other non-current liabilities	172	225	203	139	116
Total liabilities	2,466	2,767	2,298	2,488	1,860
Preferred Stock, Shares Outstanding	20	17	13	13	13
Preferred Stock, Shares Issued	20	17	13	13	13
Trust shares, par value (in dollars per share)	0	0	0	0	0
Trust shares, issued (in shares)	76	76	76	72	69
Trust shares, authorized (in shares)	500	500	500	500	500
Treasury Stock, Common, Value	−19	−19	−9	0	—
Trust shares, outstanding (in shares)	75	75	75	72	65
Accounts and Other Receivables, Net, Current	21	0	—	—	—
Due from unconsolidated affiliate	71	0	—	—	—
Deferred Revenue	6	8	7	7	13
Due to related parties	0	18	16	15	—
Debt, Current	38	1,774	10	—	—
Subsidiary financing arrangements	0	170	—	—	—
Other Assets	170	209	195	162	142
Noncontrolling interest	132	−148	176	203	173
Preferred Stock, Shares Authorized	50	50	50	50	50
Nontrade Receivables, Noncurrent	26	0	—	—	—
Trust common shares, no par value, 500,000 authorized; 76,135 shares issued and 75,236 shares outstanding at December 31, 2025 and December 31, 2024, respectively	1,289	1,289	1,281	1,207	1,123
Accumulated other comprehensive income (loss)	738,000	−5	111,000	−1	−1
Accumulated deficit	−1,307	−1,005	−249	−373	−314
Equity, Including Portion Attributable to Noncontrolling Interest	574	531	856	929	1,285
Liabilities and Equity	3,039	3,297	3,817	3,850	3,144
Total stockholders equity attributable to Holdings	442	679	1,327	1,137	1,112

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Depreciation expense	45	44	46	40	36
Amortization of debt issuance costs	4	4	4	4	3
Paid-in-Kind Interest	38	0	0	—	—
Gain (Loss) on Disposition of Assets	0	24	0	0	—
Noncontrolling stockholder stock based compensation	16	16	9	11	10
Provision for Other Losses	760,000	−5	3	−689,000	—
Deferred taxes	−4	−14	−15	3	−12
Other	4	2	2	2	22,000
Accounts receivable	−4	−15	9	−43	−20
Inventories	3	−41	37	−146	−95
Other current and non-current assets	−53	3	−2	−13	−7
Accounts payable and accrued expenses	629,000	45	−39	−7	53
Net cash used in operating activities - continuing operations	−7	−156	−46	−51	95
Net cash provided by operating activities - discontinued operations	0	5	63	23	39
Net cash provided by (used in) operating activities	−7	−151	17	−28	134
Acquisitions, net of cash acquired	495,000	−518	0	−569	−357
Purchases of property and equipment	−44	−57	−55	−60	−33
Proceeds from sale of businesses	4	75	500	9	101
Other investing activities	−2	−4	−2	−1	−1
Net cash provided by (used in) investing activities - continuing operations	−43	−504	444	−621	−290
Net cash provided by investing activities - discontinued operations	0	82	127	−6	−27
Net cash provided by (used in) investing activities	−43	−422	571	−627	−317
Proceeds from Issuance of Common Stock	−59,000	8	74	84	115
Proceeds from issuance of preferred stock	59	115	0	0	—
Borrowings under credit facility	134	585	360	268	557
Repayments under credit facility	−244	−475	−515	−113	−864
Repayments From Subsidiary Borrowings	−8	−70	−60	—	—
Distributions paid - common shares	−38	−75	−72	−71	−151
Distributions paid - preferred shares	−38	−25	−24	−24	−24
Net proceeds provided by noncontrolling shareholders	2	42	16	1	8
Distributions paid - Allocation Interests	0	49	26	0	34
Purchase of noncontrolling interest	8	4	41	2	51
Payments to Noncontrolling Interests	0	0	−12	−11	−1
Debt issuance costs	−9	0	0	−5	−22
Other	−156,000	−4,000	−17,000	10,000	−464,000
Net cash provided by (used in) financing activities	55	184	−199	557	273
Foreign currency impact on cash	3	−1	786,000	−1	228,000
Net increase (decrease) in cash and cash equivalents	8	−391	389	−99	90
Cash from discontinued operations	—	4	9	9	14
Payments for Repurchase of Common Stock	0	−10	−9	0	0
Proceeds from Issuance of Other Long-term Debt	200	0	0	400	0
Repayments of Other Long-term Debt	−23	−10	−10	−5	0
Proceeds From Subsidiary Borrowings	27	154	122	—	—
Amortization of Acquisition Costs	0	5	0	6	3

Filings

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