Latest Ratios: P/E Ratio -3.7x · EV/EBITDA 14.7x · ROE -41.5%. (2005–2025 historical series)
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $854M | $361M | $1.7B | $1.6B | $1.3B | $2.0B | $1.2B | $1.5B | $746M | $1.0B | $977M |
| Enterprise Value | $2.7B | $2.2B | $5.2B | $4.5B | $3.1B | $3.1B | $2.1B | $1.8B | $1.8B | $1.6B | $1.5B |
| P/E Ratio → | -3.72 | — | — | 9.13 | — | 41.32 | 54.03 | 6.65 | — | 36.06 | 35.10 |
| P/S Ratio | 0.46 | 0.19 | 0.97 | 0.96 | 0.73 | 1.16 | 0.85 | 1.18 | 0.55 | 1.01 | 1.00 |
| P/B Ratio | 1.49 | 0.63 | 3.28 | 1.89 | 1.39 | 1.56 | 1.01 | 1.28 | 0.81 | 1.10 | 1.09 |
| P/FCF | — | — | — | 72.58 | — | 21.22 | 10.42 | 29.98 | 10.15 | 27.44 | 11.18 |
| P/OCF | — | — | — | 20.73 | — | 14.91 | 8.26 | 17.61 | 6.52 | 12.42 | 8.77 |
P/E links to full P/E history page with 30-year chart
Enterprise-value multiples — capital-structure-neutral measures of total business value
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 1.16 | 2.92 | 2.67 | 1.75 | 1.81 | 1.43 | 1.41 | 1.33 | 1.56 | 1.53 |
| EV / EBITDA | 14.71 | 11.99 | 51.21 | 318.10 | 19.61 | 13.45 | 11.94 | 16.31 | 12.22 | 14.69 | 14.28 |
| EV / EBIT | 62.48 | — | — | — | — | 37.18 | 28.71 | — | 37.90 | 102.01 | 17.82 |
| EV / FCF | — | — | — | 202.02 | — | 33.16 | 17.54 | 35.91 | 24.52 | 42.30 | 17.10 |
Margins and return-on-capital ratios measuring operating efficiency
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 38.5% | 38.5% | 42.0% | 39.9% | 37.0% | 38.4% | 36.9% | 36.2% | 34.6% | 36.0% | 33.4% |
| Operating Margin | 2.3% | 2.3% | -0.8% | -4.1% | 2.5% | 7.1% | 5.4% | 2.1% | 4.2% | 2.4% | 1.9% |
| Net Profit Margin | -12.2% | -12.2% | -11.7% | 6.4% | -3.4% | 6.6% | 1.6% | 23.9% | -0.4% | 2.8% | 5.6% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | -41.5% | -41.5% | -30.1% | 12.2% | -5.4% | 9.1% | 1.9% | 29.0% | -0.6% | 3.1% | 6.2% |
| ROA | -7.2% | -7.2% | -6.3% | 3.2% | -1.8% | 4.0% | 1.0% | 14.2% | -0.3% | 1.6% | 3.4% |
| ROIC | 1.0% | 1.0% | -0.3% | -1.6% | 1.3% | 4.1% | 3.3% | 1.1% | 2.5% | 1.3% | 1.1% |
| ROCE | 2.4% | 2.4% | -1.5% | -3.3% | 1.5% | 4.8% | 3.9% | 1.4% | 3.0% | 1.5% | 1.3% |
Solvency and debt-coverage ratios — lower is generally safer
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 3.27 | 3.27 | 6.66 | 3.89 | 1.97 | 1.00 | 0.74 | 0.34 | 1.20 | 0.64 | 0.62 |
| Debt / EBITDA | 10.37 | 10.37 | 34.70 | 235.35 | 11.72 | 5.53 | 5.19 | 3.61 | 7.49 | 5.54 | 5.32 |
| Net Debt / Equity | — | 3.15 | 6.55 | 3.37 | 1.92 | 0.88 | 0.69 | 0.25 | 1.15 | 0.59 | 0.58 |
| Net Debt / EBITDA | 9.99 | 9.99 | 34.11 | 203.82 | 11.38 | 4.84 | 4.85 | 2.69 | 7.16 | 5.16 | 4.94 |
| Debt / FCF | — | — | — | 129.45 | — | 11.94 | 7.12 | 5.92 | 14.36 | 14.87 | 5.92 |
| Interest Coverage | -0.70 | -0.70 | -1.44 | -1.35 | -0.35 | 1.36 | 1.49 | -0.09 | 0.77 | 0.48 | 3.24 |
Short-term solvency ratios and asset-utilisation metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 2.42 | 2.42 | 0.40 | 0.59 | 2.22 | 2.93 | 2.40 | 3.08 | 2.63 | 2.48 | 2.24 |
| Quick Ratio | 1.26 | 1.26 | 0.16 | 0.35 | 0.99 | 1.37 | 1.21 | 1.56 | 1.44 | 1.32 | 1.18 |
| Cash Ratio | 0.19 | 0.19 | 0.02 | 0.21 | 0.12 | 0.44 | 0.20 | 0.48 | 0.19 | 0.19 | 0.20 |
| Asset Turnover | — | 0.62 | 0.54 | 0.51 | 0.50 | 0.55 | 0.56 | 0.67 | 0.57 | 0.55 | 0.55 |
| Inventory Turnover | 2.85 | 2.85 | 1.82 | 1.94 | 1.97 | 1.88 | 2.61 | 2.54 | 2.89 | 2.60 | 3.06 |
| Days Sales Outstanding | — | 39.53 | 42.29 | 40.01 | 42.32 | 58.81 | 52.12 | 55.30 | 55.27 | 78.30 | 67.60 |
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | 4.4% | 10.4% | 7.1% | 4.4% | 5.5% | 7.6% | 7.3% | 5.8% | 11.6% | 8.5% | 8.0% |
| Payout Ratio | — | — | — | 66.2% | — | 131.8% | 394.5% | 28.6% | — | 308.2% | 143.0% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | — | — | — | 11.0% | — | 2.4% | 1.9% | 15.0% | — | 2.8% | 2.8% |
| FCF Yield | — | — | — | 1.4% | — | 4.7% | 9.6% | 3.3% | 9.8% | 3.6% | 8.9% |
| Buyback Yield | 0.0% | 0.0% | 0.5% | 0.6% | 0.0% | 0.0% | 0.0% | 0.1% | 0.8% | 0.0% | 0.0% |
| Total Shareholder Yield | 4.4% | 10.4% | 7.7% | 5.0% | 5.5% | 7.6% | 7.3% | 5.9% | 12.4% | 8.5% | 8.0% |
| Shares Outstanding | — | $75M | $75M | $72M | $71M | $65M | $63M | $60M | $60M | $60M | $55M |
Includes 30+ ratios · 21 years · Updated daily
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Quick answers to the most common questions about buying CODI stock.
Compass Diversified's current P/E ratio is -3.7x. The historical average is 19.5x.
Compass Diversified's current EV/EBITDA is 14.7x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 15.3x.
Compass Diversified's return on equity (ROE) is -41.5%. The historical average is 3.1%.
Based on historical data, Compass Diversified is trading at a P/E of -3.7x. Compare with industry peers and growth rates for a complete picture.
Compass Diversified's current dividend yield is 4.41%.
Compass Diversified has 38.5% gross margin and 2.3% operating margin.
Compass Diversified's Debt/EBITDA ratio is 10.4x, indicating high leverage. A ratio above 4x may signal elevated financial risk.
Key Metrics
Top Statement Risk
High leverage and interest burden
Metrics are mathematically derived from official filings.
Margin Recovery Masked by Interest Drag
Gross margin expanded to 47.2% in 2026Q2 from 41.0% in 2024Q4, yet net margin swung to 18.8% on divestiture gains, obscuring a strained operating core. According to the latest quarterly data, operating margin remains thin at 6.8%.
The 620 basis point gross margin improvement suggests a favorable mix shift toward branded consumer assets, but operating margin of 6.8% indicates that SG&A overhead continues to consume a disproportionate share of gross profit. The 18.8% net margin in 2026Q2 is likely inflated by non-recurring gains, as evidenced by the prior quarter's -7.2% net margin. Investors should monitor whether the gross margin expansion is sustainable or a temporary artifact of portfolio changes.
ROIC Recovery Still Nascent
ROIC improved to 0.9% in 2026Q2 from -0.9% a year earlier, but remains far below the cost of capital. Based on reported figures, ROE swung to 14.0% in 2026Q2, yet this is heavily influenced by one-time gains and a shrinking equity base.
The ten-quarter trend shows ROIC oscillating between -1.7% and 8.3%, with the 2024Q4 spike likely driven by a divestiture gain. The current 0.9% ROIC suggests that the underlying portfolio is not generating returns that exceed the cost of debt, which is a concern given the elevated leverage. The improvement in ROE to 14.0% is flattered by the equity base falling to $472.6M, so investors should focus on ROIC as a more reliable measure of economic value creation.
Working Capital Cycle Stretched but Improving
Cash conversion cycle improved to 165 days in 2026Q2 from 352 days in 2024Q2, driven by a sharp reduction in days inventory outstanding. As reported in the quarterly data, DIO fell from 311 to 153 days, indicating better inventory management.
The improvement in CCC is a positive sign, but the cycle remains long, reflecting the capital-intensive nature of the industrial and consumer businesses. DSO has also declined from 74 to 42 days, suggesting improved receivables collection, while DPO has remained relatively stable around 30-38 days. The reduction in DIO may indicate a deliberate effort to streamline inventory, but it could also reflect lower demand expectations, so investors should monitor whether this trend continues without hurting sales.
Deleveraging Progress but Debt Service Still Heavy
Debt-to-equity fell to 2.88 in 2026Q2 from 6.66 in 2024Q4, and interest coverage improved to 6.33 from negative levels. According to the latest balance sheet data, total debt declined to $1.7B, yet remains substantial relative to equity of $472.6M.
The deleveraging is evident, with D/EBITDA dropping from 267.55 in 2025Q2 to 27.29 in 2026Q2, though the latter is still elevated. Interest coverage of 6.33 in 2026Q2 is a marked improvement from the negative readings in 2025, suggesting that the recent debt reduction is easing the interest burden. However, the absolute debt level remains high, and the negative net margin in prior quarters indicates that interest costs have historically overwhelmed operating income. The sale of Sterno's food service business appears to be a strategic move to accelerate deleveraging, but the sustainability of coverage ratios depends on stable subsidiary cash flows.
Liquidity Buffer Thin Despite Ratio Improvement
Current ratio improved to 2.26 in 2026Q2 from 0.40 in 2024Q4, but quick ratio of 1.10 suggests inventory dependence. As per the quarterly data, cash of $87.4M is modest relative to total debt of $1.7B.
The current ratio recovery is largely due to a reduction in current liabilities, but the quick ratio of 1.10 indicates that inventory still plays a significant role in covering short-term obligations. In a stress scenario, the thin cash buffer and high debt load could pose refinancing risks, especially if interest rates remain elevated. The improvement in liquidity ratios is encouraging, but investors should note that the company's ability to weather a downturn is constrained by its leverage and the cyclicality of its consumer segment.
Misapplied P/E on Distorted Earnings
The most commonly misapplied ratio for CODI is the P/E multiple, given that GAAP net income is heavily distorted by non-cash amortization and divestiture gains. Based on reported figures, trailing P/E is -3.83, while forward P/E of 40.92 implies unrealistic earnings growth.
CODI's earnings are subject to significant non-cash charges from acquisitions and one-time gains from divestitures, making P/E unreliable. The negative trailing P/E and the high forward P/E reflect the volatility in net income, which swung from -$71.2M in 2025Q4 to +$79.6M in 2026Q2. Instead, investors should use EV/EBITDA or Cash Available for Distribution (CAD) to assess valuation, as these metrics better capture the underlying cash-generating power of the subsidiaries. The current EV/EBITDA of 14.84 is more meaningful, but it still needs to be compared to peers and historical levels to gauge whether the market is pricing in a recovery.