Assay
Financial-condition grades for SEC filers
Company Report · as of Oct 9, 2026
|
| Compass Diversified HoldingsCODI · consumer durables | |
|---|---|
| Grade |  Dfourth fifth of 460 graded peers; percentile 67.4, sampling error 2.3 points; lower is stronger |
| Rank | 310 of 460 |
| Profitability | C/Dpercentile 61.9 |
| Solvency | Dpercentile 66.8 |
| Growth and financing | B/Cpercentile 40.1 |
| Reliability | 0.94 AUCfailure model, filers with over $2.67B assets; 95% interval 0.88 to 0.97; 61 events, 2020 to 2025 |
| Peer failure rate | 0.52% a yearItem 1.03 bankruptcies, same asset band, 2012 to 2025 |
| Size band | over $2.67B assetstotal assets $3.0B[1] |
| Standard universe | insiderevenue above $1M and assets above $10M[1-2] |
| Warnings | late filernot computable: dilution, distress |
| Inputs computable | 11 of 14 |
| Graded from | filings received through Feb 27, 2026224 days before the rescan; every figure keyed to the SEC receipt date |
| Last close | $10.912026-10-08; market equity $0; iex feed |
| Price used in grade | None |
| Share price, twelve months to the rescansplit-adjusted close; a lollipop at every rescan carries the letter held then; baseline ticks are SEC receipt dates of the inputs; ranges and dragging scroll the full history | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Percentile at every rescan on file, Jan 21, 2012 to Oct 9, 2026; stronger toward the top. Hover for the date. Open this report as it stood on | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Each date opens the report as it stood on that rescan. |
Business, in the company's words. Opening of Item 1 of the 10-K received Feb 27, 2026; the document on sec.gov.
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.
Warnings [top]
7 checks ran; none of them enters the letter. The checks are listed on the warnings screen.
The Fourteen Inputs [top]
Lower percentile is stronger. Source numbers open the SEC filing; a range that spans filings opens the sources table.
| Input | Percentile, 0 to 100 | Value | Source | Peer median | Percentile | Peers | Period end |
|---|---|---|---|---|---|---|---|
| Profitability, sleeve percentile 61.9 | |||||||
| Gross profitability | 26.8% | [1,3] | 34.4% | 59.1 | 476 | 2025-12-31 | |
| Return on invested capital | 0.5% | [4-12] | 8.9% | 84.9 | 163 | 2025-12-31 | |
| Accruals ratio | (6.9%) | [1,13-15] | (5.1%) | 38.8 | 525 | 2025-12-31 | |
| Gross margin stability, five years | 2.3 pts | [2-3,16-23] | 1.7 pts | 64.9 | 407 | 2025-12-31 | |
| Solvency, sleeve percentile 66.8 | |||||||
| Twelve-month failure probability | not computable | 0.04% | |||||
| firm-wide XBRL shares cannot be assigned to one ticker class | |||||||
| Altman Z double-prime | (0.12) | [1,4,8,24-27] | 2.11 | 70.7 | 402 | 2025-12-31 | |
| Net debt to EBITDA | 11.78x | [4,7,9,28] | 2.11x | 97.0 | 187 | 2025-12-31 | |
| Interest coverage | 0.06x | [4,29] | 2.57x | 73.6 | 128 | 2025-12-31 | |
| Current ratio | 2.42x | [24-25] | 1.55x | 25.8 | 541 | 2025-12-31 | |
| Growth and financing, sleeve percentile 40.1 | |||||||
| Revenue growth, three-year compound | 2.2% | [2,17,19,21] | 1.4% | 45.6 | 482 | 2025-12-31 | |
| Free cash flow growth, three-year compound | not computable | 8.3% | |||||
| current FCF must be positive and base FCF must exceed $100,000 | |||||||
| Reinvestment rate | 16,849.1% | [4-6,24-25,28,30-32] | 12.0% | 0.6 | 265 | 2025-12-31 | |
| Asset growth, three years | (4.5%) | [1,15,33-34] | 2.0% | 74.2 | 487 | 2025-12-31 | |
| Net share issuance, one year | not computable | (0.3%) | |||||
| firm-wide XBRL shares cannot be assigned to one ticker class | |||||||
Gross profitability. Revenue less cost of goods sold, over total assets.
Accruals ratio. Net income less operating cash flow, over average assets; lower is stronger.
Gross margin stability, five years. Standard deviation of gross margin; lower is stronger.
Twelve-month failure probability. CHS model; lower is stronger.
Net debt to EBITDA. Lower is stronger.
Net share issuance, one year. Split-adjusted; lower is stronger.
Sleeves are equal-weighted; within a sleeve each computable input carries equal weight. Composite 0.129; sampling error 2.3 percentile points on 460 peers.
Among 460 Peers [top]
Composite score of every graded peer, smoothed. Vertical rules are the letter band edges at the 20th, 40th, 60th and 80th percentiles. Small dots are the six largest peers by market equity.
| Rank | Company | Percentile | Letter | Warnings |
|---|---|---|---|---|
| 305 | Willamette Valley Vineyards Inc. (WVVIP) Willamette Valley Vineyards Inc. (WVVIP) Dfourth fifth; percentile 66.3 Nasdaq · Beverages last close $2.87 No active warnings; 10 of 14 inputs | 66.3 | D | |
| 306 | Garrett Motion Inc. (GTX) Garrett Motion Inc. (GTX) Dfourth fifth; percentile 66.4 Nasdaq · Motor Vehicle Parts & Accessories market equity $4.8B; last close $25.76 No active warnings; 8 of 14 inputs | 66.4 | D | |
| 307 | Vince Holding Corp. (VNCE) Vince Holding Corp. (VNCE) Dfourth fifth; percentile 66.5 Nasdaq · Retail-Apparel & Accessory Stores market equity $149.4M; last close $11.47 No active warnings; 9 of 14 inputs | 66.5 | D | |
| 308 | Seaboard Corp. (SEB) Seaboard Corp. (SEB) Dfourth fifth; percentile 66.9 NYSE · Wholesale-Farm Product Raw Materials market equity $3.9B; last close $4,050.93 No active warnings; 10 of 14 inputs | 66.9 | D | |
| 309 | Aspen Aerogels Inc. (ASPN) Aspen Aerogels Inc. (ASPN) Dfourth fifth; percentile 67.3 NYSE · Wholesale-Lumber & Other Construction Materials market equity $467.2M; last close $5.62 Warnings: fortress balance sheet; 8 of 14 inputs | 67.3 | D | fortress balance sheet |
| 310 | Compass Diversified Holdings (CODI) Compass Diversified Holdings (CODI) Dfourth fifth; percentile 67.4 NYSE · Household Furniture last close $10.91 Warnings: late filer; 11 of 14 inputs | 67.4 | D | late filer |
| 311 | Compass Diversified Holdings (CODI-PA) Compass Diversified Holdings (CODI-PA) Dfourth fifth; percentile 67.4 NYSE · Household Furniture Warnings: late filer; 11 of 14 inputs | 67.4 | D | late filer |
| 312 | Compass Diversified Holdings (CODI-PB) Compass Diversified Holdings (CODI-PB) Dfourth fifth; percentile 67.4 NYSE · Household Furniture Warnings: late filer; 11 of 14 inputs | 67.4 | D | late filer |
| 313 | Compass Diversified Holdings (CODI-PC) Compass Diversified Holdings (CODI-PC) Dfourth fifth; percentile 67.4 NYSE · Household Furniture Warnings: late filer; 11 of 14 inputs | 67.4 | D | late filer |
| 314 | Constellation Brands, Inc. (STZ) Constellation Brands, Inc. (STZ) Dfourth fifth; percentile 67.5 NYSE · Beverages last close $123.62 No active warnings; 11 of 14 inputs | 67.5 | D | |
| 315 | Star Group, L.P. (SGU) Star Group, L.P. (SGU) Dfourth fifth; percentile 67.7 NYSE · Retail-Retail Stores, NEC market equity $426.2M; last close $12.91 No active warnings; 11 of 14 inputs | 67.7 | D |
| Peer policy | Letter | Percentile | Peers |
|---|---|---|---|
| all graded filers, equal sleeves | D | 64.9 | 2204 |
| sector peers, equal sleeves (the grade) | D | 67.4 | 460 |
| same exchange, equal sleeves | D | 69.4 | 984 |
| sector peers, equal inputs | D | 69.6 | 460 |
Each letter is one fifth of the 460 graded peers, about 92 companies. A boundary letter (A/B, B/C, C/D, D/E) marks a percentile within one sampling error of a band edge.
What the Price Implies [top]
Market measures at the 2026-10-08 close. None enters the grade. Percentile among graded peers with the same measure.
| Measure | Value | Peer median | Percentile | Reading |
|---|---|---|---|---|
| Twelve-month price change, skipping the latest month | 74.6% | (0.2%) | 95 | hotter than 95 of 100 peers |
| Distance from 52-week high | (14.1%) | (25.6%) | 72 | closer to its high than 72 of 100 peers |
| EBIT to enterprise value | not computable | 5.0% | required accounting or market input is missing | |
| Free cash flow yield | not computable | 4.6% | required accounting or market input is missing | |
| Book value to price | not computable | 0.45 | required accounting or market input is missing | |
| Sales to price | not computable | 1.49 | required accounting or market input is missing | |
| Composite equity issuance, five years | not computable | (16.0%) | required accounting or market input is missing | |
| Relative strength against the sector, log excess return | 0.58 | (0.01) | 95 | ahead of 95 of 100 peers |
Inputs: EBIT $11.1M; free cash flow -$51.1M; book equity $472.6M; sales $1.9B; debt $1.6B; cash $87.4M[35].
Diagnostics [top]
Diagnostics do not feed the grade.
| Piotroski F-score: None of 9, period end 2025-12-31 | ||
|---|---|---|
| Return on assets above zero | (6.9%) | ✗ fail[13,15] |
| Operating cash flow above zero | -$6.8M | ✗ fail[14] |
| Return on assets improved | (0.6 pts) | ✗ fail[13,15,33,36] |
| Operating cash flow exceeds net income | $219.6M | ✓ pass[13-14] |
| Long-term leverage fell | 58.1 pts | ✗ fail[1,15,33,37-38] |
| Current ratio improved | 202.1 pts | ✓ pass[24-25,31-32] |
| No new shares issued | n/a | |
| Gross margin improved | 1.5 pts | ✓ pass[2-3,16-17] |
| Asset turnover improved | 3.0 pts | ✓ pass[2,15,17,33] |
| Cash, filings, liquidity | |
|---|---|
| Cash and equivalents | $87.4M[39] |
| Operating cash flow, four quarters | $111.3M[14,39-43] |
| Months of runway | not finite |
| trailing operating cash flow is nonnegative, so runway is not finite | |
| Late filings, two years | 3 |
| NT 10-K or NT 10-Q | |
| Days since last periodic filing | 60 |
| 10-Q received Aug 10, 2026 | |
| Median daily dollar volume | $5.7M |
| 63 sessions | |
| Days since newest grade input | 224 |
Downloads [top]
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Sources [top]
Every citation on this page. Filing opens the SEC index page for that submission; viewer opens the SEC interactive data for the same filing; series opens the SEC XBRL API record for that tag and company.
| # | Concept | XBRL tag | Value | Period end | Received | Form | Links |
|---|---|---|---|---|---|---|---|
| 1 | assets | us-gaap:Assets | $3.0B | 2025-12-31 | 2026-02-27 | 10-K | filing · viewer · series |
| 2 | revenue | us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax | $1.9B | 2025-12-31 | 2026-02-27 | 10-K | filing · viewer · series |
| 3 | gross profit | us-gaap:GrossProfit | $814.4M | 2025-12-31 | 2026-02-27 | 10-K | filing · viewer · series |
| 4 | operating income | us-gaap:OperatingIncomeLoss | $11.1M | 2025-12-31 | 2026-02-27 | 10-K | filing · viewer · series |
| 5 | pretax income | us-gaap:IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest | -$297.6M | 2025-12-31 | 2026-02-27 | 10-K | filing · viewer · series |
| 6 | income tax | us-gaap:IncomeTaxExpenseBenefit | -$945,000 | 2025-12-31 | 2026-02-27 | 10-K | filing · viewer · series |
| 7 | total debt | us-gaap:LongTermDebt | $1.9B | 2025-12-31 | 2026-02-27 | 10-K | filing · viewer · series |
| 8 | book equity | us-gaap:StockholdersEquity | $442.0M | 2025-12-31 | 2026-02-27 | 10-K | filing · viewer · series |
| 9 | cash | us-gaap:CashAndCashEquivalentsAtCarryingValue | $68.0M | 2025-12-31 | 2026-02-27 | 10-K | filing · viewer · series |
| 10 | total debt | us-gaap:LongTermDebt | $1.8B | 2024-12-31 | 2026-02-27 | 10-K | filing · viewer · series |
| 11 | book equity | us-gaap:StockholdersEquity | $678.6M | 2024-12-31 | 2026-02-27 | 10-K | filing · viewer · series |
| 12 | cash | us-gaap:CashAndCashEquivalentsAtCarryingValue | $59.7M | 2024-12-31 | 2026-02-27 | 10-K | filing · viewer · series |
| 13 | net income | us-gaap:NetIncomeLoss | -$226.4M | 2025-12-31 | 2026-02-27 | 10-K | filing · viewer · series |
| 14 | operating cash flow | us-gaap:NetCashProvidedByUsedInOperatingActivities | -$6.8M | 2025-12-31 | 2026-02-27 | 10-K | filing · viewer · series |
| 15 | assets | us-gaap:Assets | $3.3B | 2024-12-31 | 2026-02-27 | 10-K | filing · viewer · series |
| 16 | gross profit | us-gaap:GrossProfit | $750.4M | 2024-12-31 | 2026-02-27 | 10-K | filing · viewer · series |
| 17 | revenue | us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax | $1.8B | 2024-12-31 | 2026-02-27 | 10-K | filing · viewer · series |
| 18 | gross profit | us-gaap:GrossProfit | $674.7M | 2023-12-31 | 2026-02-27 | 10-K | filing · viewer · series |
| 19 | revenue | us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax | $1.7B | 2023-12-31 | 2026-02-27 | 10-K | filing · viewer · series |
| 20 | gross profit | us-gaap:GrossProfit | $649.4M | 2022-12-31 | 2025-12-08 | 10-K/A | filing · viewer · series |
| 21 | revenue | us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax | $1.8B | 2022-12-31 | 2025-12-08 | 10-K/A | filing · viewer · series |
| 22 | gross profit | us-gaap:GrossProfit | $661.6M | 2021-12-31 | 2024-02-28 | 10-K | filing · viewer · series |
| 23 | revenue | us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax | $1.7B | 2021-12-31 | 2024-02-28 | 10-K | filing · viewer · series |
| 24 | current assets | us-gaap:AssetsCurrent | $845.2M | 2025-12-31 | 2026-02-27 | 10-K | filing · viewer · series |
| 25 | current liabilities | us-gaap:LiabilitiesCurrent | $349.6M | 2025-12-31 | 2026-02-27 | 10-K | filing · viewer · series |
| 26 | retained earnings | us-gaap:RetainedEarningsAccumulatedDeficit | -$1.3B | 2025-12-31 | 2026-02-27 | 10-K | filing · viewer · series |
| 27 | liabilities | us-gaap:Liabilities | $2.5B | 2025-12-31 | 2026-02-27 | 10-K | filing · viewer · series |
| 28 | depreciation amortization | us-gaap:DepreciationDepletionAndAmortization | $142.5M | 2025-12-31 | 2026-02-27 | 10-K | filing · viewer · series |
| 29 | interest expense | us-gaap:InterestExpense | $175.3M | 2025-12-31 | 2026-02-27 | 10-K | filing · viewer · series |
| 30 | capital expenditure | us-gaap:PaymentsToAcquirePropertyPlantAndEquipment | $44.3M | 2025-12-31 | 2026-02-27 | 10-K | filing · viewer · series |
| 31 | current assets | us-gaap:AssetsCurrent | $964.8M | 2024-12-31 | 2026-02-27 | 10-K | filing · viewer · series |
| 32 | current liabilities | us-gaap:LiabilitiesCurrent | $2.4B | 2024-12-31 | 2026-02-27 | 10-K | filing · viewer · series |
| 33 | assets | us-gaap:Assets | $3.3B | 2023-12-31 | 2025-12-08 | 10-K/A | filing · viewer · series |
| 34 | assets | us-gaap:Assets | $3.5B | 2022-12-31 | 2025-12-08 | 10-K/A | filing · viewer · series |
| 35 | shares outstanding | dei:EntityCommonStockSharesOutstanding | 75,235,966 | 2026-08-06 | 2026-08-10 | 10-Q | filing · viewer · series |
| 36 | net income | us-gaap:NetIncomeLoss | -$208.9M | 2024-12-31 | 2026-02-27 | 10-K | filing · viewer · series |
| 37 | long term debt | us-gaap:LongTermDebtNoncurrent | $1.8B | 2025-12-31 | 2026-02-27 | 10-K | filing · viewer · series |
| 38 | long term debt | us-gaap:LongTermDebtNoncurrent | $0 | 2024-12-31 | 2026-02-27 | 10-K | filing · viewer · series |
| 39 | cash | us-gaap:CashAndCashEquivalentsAtCarryingValue | $87.4M | 2026-06-30 | 2026-08-10 | 10-Q | filing · viewer · series |
| 40 | operating cash flow | us-gaap:NetCashProvidedByUsedInOperatingActivities | $53.6M | 2026-06-30 | 2026-08-10 | 10-Q | filing · viewer · series |
| 41 | operating cash flow | us-gaap:NetCashProvidedByUsedInOperatingActivities | $23.9M | 2026-03-31 | 2026-05-06 | 10-Q | filing · viewer · series |
| 42 | operating cash flow | us-gaap:NetCashProvidedByUsedInOperatingActivities | -$53.8M | 2025-09-30 | 2026-01-14 | 10-Q | filing · viewer · series |
| 43 | operating cash flow | us-gaap:NetCashProvidedByUsedInOperatingActivities | -$64.5M | 2025-06-30 | 2026-08-10 | 10-Q | filing · viewer · series |
Limitations [top]
Grade boundary. Percentile 67.4 is 7.4 points from the nearest band edge; sampling error is 2.3 points.
Peer group. Sector assignment from four-digit SIC codes, hand-tuned and published. The grade under three alternative peer policies is tabled above.
Size. Within a sector the letter tracks size. Among graded filers in the smallest asset band, 72% grade E and 0% grade A; in the largest, 13% grade E and 21% grade A. Universe as of Oct 9, 2026.
Failure model. filings 2012-01-01 to 2019-12-31 fit, filings 2020-01-01 to 2025-12-31 test; status post hoc pending confirmation. pre-registered on 2026 filings once their 12-month outcome windows close; supported if the paired per-quintile gain over the pooled model has a lower bound above 0.05.
Input validity. Revenue or total assets at or below $100,000 sets the degenerate-inputs flag. An input whose denominator is at or below $100,000 is left not computable rather than ranked.
Returns. No input on this page has a post-2015 confidence interval on returns that excludes zero. The grade ranks reported financial condition and is not a return forecast.
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