← Compass Diversified Holdings
The business behind the dividend
| Measure | CODI | Median | Formula |
|---|---|---|---|
| Return on equity | -51.2% | 10.6% | Net income ÷ shareholders’ equity |
| Return on capital employed | 0.5% | 10.0% | Operating income ÷ (equity + total debt) |
| Owner earnings | $-128.21m | $120.90m | Net income + depreciation & amortisation − capital expenditure |
| Free cash flow | $-51.15m | $155.08m | Operating cash flow − capital expenditure |
| Operating margin | 0.6% | 14.3% | Operating income ÷ revenue |
| Net margin | -12.1% | 10.1% | Net income ÷ revenue |
| Debt to equity | 4.25x | 0.73x | Total debt ÷ shareholders’ equity |
| Interest cover | 0.06x | 4.22x | Operating income ÷ interest expense |
| Current ratio | 2.42x | 1.55x | Current assets ÷ current liabilities |
| Long-term debt to working capital | 3.71x | 1.88x | Long-term debt ÷ (current assets − current liabilities) |
| Cash conversion | — | — | Operating cash flow ÷ net income |
| Accruals | -7.2% | -3.1% | (Net income − operating cash flow) ÷ total assets |
Not computed here: Cash conversion — why a blank is not a zero.
Ten years of it
The same measures, for every year the filings support. One year is a fact; a row is a business.
| Measure | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | Median |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Return on equity | -51.2% | -30.8% | 11.7% | -6.7% | 10.3% | 2.1% | 27.1% | -0.7% | 3.2% | 6.4% | 2.1% |
| Return on capital employed | 0.5% | -0.4% | -1.6% | 1.6% | 5.1% | 3.9% | 1.7% | 2.9% | 1.7% | 1.3% | 1.6% |
| Operating margin | 0.6% | -0.8% | -4.1% | 2.5% | 7.1% | 5.4% | 2.1% | 4.2% | 2.4% | 1.9% | 2.1% |
| Net margin | -12.1% | -11.7% | 6.4% | -3.4% | 6.6% | 1.6% | 23.9% | -0.4% | 2.8% | 5.6% | 1.6% |
| Debt to equity | 4.25x | 5.23x | 3.60x | 2.09x | 1.16x | 0.82x | 0.35x | 1.28x | 0.68x | 0.65x | 1.16x |
| Current ratio | 2.42x | 0.40x | 0.59x | 2.22x | 2.93x | 2.40x | 3.08x | 2.63x | 2.48x | 2.24x | 2.40x |
| Cash conversion | — | — | 0.15x | — | 1.17x | 6.52x | 0.28x | — | 2.92x | 2.04x | 1.17x |