Compass, Inc. is experiencing a dramatic revenue acceleration, with 2026Q2 revenue up 109.1% year-over-year to $4.3B, and a swing to positive operating income of $124M. However, this growth is accompanied by severe gross margin volatility (2.9% in 2026Q2), heavy reliance on stock-based compensation ($149M vs.
Price trend, volume and key moving averages
Start with the evidence for owning the stock and the risks that can break the thesis.
Revenue growth accelerated sharply to 109.1% year-over-year in 2026Q2, but gross margin collapsed to 2.9% from 25.7% in the prior quarter, while SBC of $149M exceeded net income of $92M, clouding earnings quality.
Optimistic analysts project Compass reaching about US$17.3 billion in revenue, indicating significant growth potential.
Compass's strategy focuses on a seamless, all-digital platform that empowers real estate agents, enhancing efficiency and customer experience.
As a provider of an online real estate platform, Compass is well-positioned in the housing market, benefiting from industry trends.
Trailing total returns as of 11/8/2026, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC).
Check whether operating performance supports the current valuation.
Recent results and news deserve attention only when they alter the forward view.
| Quarter | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|
Q4 2026Latest Nov 5, 2026 | $0.07+55.8% vs $0.04 | $3.9B-0.0% vs $3.9B |
Q3 2026 Aug 4, 2026 | $0.11+31.5% vs $0.08 | $4.3B+4.7% vs $4.1B |
Q2 2026 May 5, 2026 | $0.03+117.6% vs -$0.17 | $2.7B+1.4% vs $2.7B |
Q1 2026 Feb 26, 2026 | -$0.07-16.7% vs -$0.06 | $1.7B+1.0% vs $1.7B |
Compass NYSE: COMP reported record third-quarter revenue and profit as cost cuts following its Anywhere acquisition helped offset a difficult housing market, but executives warned that weaker pending home sales could weigh on fourth-quarter results.
Compass, Inc. ( COMP ) Q3 2026 Earnings Call November 5, 2026 5:00 PM EST Company Participants Soham Bhonsle - Head of Investor Relations Robert Reffkin - Founder, Chairman & CEO Scott Wahlers - CFO & Principal Financial Officer Conference Call Participants Jason Helfstein - Oppenheimer & Co. Inc., Research Division Elizabeth Langan - Barclays Bank PLC, Research Division Ryan McKeveny - Zelman & Associates LLC Dae Lee - JPMorgan Chase & Co, Research Division Alec Brondolo - Wells Fargo Securities, LLC, Research Division Bernard McTernan - Needham & Company, LLC, Research Division Presentation Operator Good day, everyone, and welcome to the Compass, Inc. 2026 Q3 Earnings Conference Call. [Operator Instructions] This call is being recorded.
Compass offers a compelling diversification play as investors rotate from AI stocks to real economy names. Despite strong Q3 results and industry outperformance, COMP shares are down ~20% since August and ~15% year-to-date. I reiterate my 'Buy' rating, citing COMP's position as the largest U.S. real estate brokerage following its Anywhere Real Estate acquisition.
The portfolio generated a negative absolute return but outpaced the Russell Midcap Growth Index. During the quarter, we initiated new positions in Manhattan Associates, Okta and Clean Harbors. We ended our investment campaign in Monolithic Power Systems, FTAI Aviation and Ionis Pharmaceuticals during the quarter.
Benchmark COMP against direct peers instead of judging its metrics in isolation.
Key metrics vs top competitors for Compass, Inc. (COMP)
| Company | Price | Market Cap | P/E Ratio | Rev Growth (1Y) | Net Margin | ROE | Div Yield |
|---|---|---|---|---|---|---|---|
| $10.21 | $6.21B | 66.00 | 23.67% | 1.06% | 5.47% | — | |
| $186.04 | $5.71B | 15.19 | 2.13% | 16.11% | 25.16% | 0.55% | |
| $15.60 | $497.17M | 13.22 | -21.98% | 3.1% | 4.89% | 11.69% | |
| $1.56 | $141.81M | 5.72 | 3.76% | 2.47% | 15.71% | — | |
| $30.36 | $7.3B | -60.54 | 15.52% | -3.95% | -2.54% | — | |
| $1.40 | $1.35B | -0.81 | -15.18% | -49.06% | -190.36% | — |
Compass, Inc. (COMP) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
Verify the primary filings, follow material updates, and answer the remaining questions.
Compass, Inc. (COMP) SEC filings — annual & quarterly reports (10-K, 10-Q)
Aug 4, 2026·SEC
May 15, 2026·SEC
May 5, 2026·SEC
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Compass, Inc. (COMP) stock FAQ — growth, dividends, profitability & financials explained
Compass, Inc. (COMP) reported $12.61B in revenue over the trailing twelve months. Revenue was $6.96B in fiscal year 2025. That is 687% more than the $884.7M of fiscal year 2018.
Compass, Inc. (COMP) grew revenue by 89.8% over the trailing twelve months, compared with the twelve months before.
Yes. Compass, Inc. (COMP) earned $133.4M in net income over the trailing twelve months (a 1.1% net margin).
Compass, Inc. (COMP) had a return on equity (ROE) of 5.5% over the trailing twelve months. That is below the market's typical 10-15%.
Compass, Inc. (COMP) generated $294.2M in free cash flow over the trailing twelve months.
