Compass Diversified Holdings (CODI) vs Tetra Technologies, Inc. (TTI)

Compass Diversified Holdings and Tetra Technologies, Inc. are both Conglomerates companies. Compass Diversified Holdings and Tetra Technologies, Inc. are of similar size ($892.9M and $846.4M). Compass Diversified Holdings has negative trailing earnings, so its P/E is not meaningful; Tetra Technologies, Inc. trades at 153×. Tetra Technologies, Inc. grew revenue faster over the last twelve months: 5.70% against −4.83%. Tetra Technologies, Inc. has the higher net margin (0.97% vs −5.29%) and the higher return on invested capital (6.69% vs 1.84%). Across the 19 metrics below, Tetra Technologies, Inc. leads on 14 and Compass Diversified Holdings on 5.

Valuation

Metric CODI TTI Conglomerates median
P/E n/m 153.00 17.47
P/S 0.47 1.33 0.88
P/B 6.54 2.09 1.40
Price to free cash flow 10.63 n/m 12.58
EV/EBITDA 11.45 10.19 11.36
EV/Sales 1.31 1.37 1.37
Earnings yield (19.29%) 0.65% 0.65%
Free cash flow yield 9.41% (1.70%) 0.00%

Profitability

Metric CODI TTI Conglomerates median
Gross margin 44.59% 23.17% 33.55%
Operating margin 3.46% 7.26% 3.36%
Net margin (5.29%) 0.97% 0.97%
Free cash flow margin 4.44% (2.25%) (0.94%)
Return on equity (304.87%) 1.78% 0.75%
Return on assets (3.15%) 0.86% 0.10%
Return on invested capital 1.84% 6.69% 0.73%

Growth

Metric CODI TTI Conglomerates median
Revenue growth (TTM) (4.83%) 5.70% 8.17%
EPS growth (last fiscal year) (214.91%) (97.56%) —
Revenue growth, 5-year CAGR 5.29% 10.81% 6.01%
Net income growth, 5-year CAGR 0.00% 0.00% 0.00%

Health

Metric CODI TTI Conglomerates median
Debt to equity 2.61 0.45 0.48
Current ratio 2.26 2.46 1.79
Net debt to EBITDA 11.78 1.15 1.36

Dividend

Metric CODI TTI Conglomerates median
Dividend yield 4.54% — 2.53%
Payout ratio — 0.00 0.00

Size

Metric CODI TTI Conglomerates median
Market cap 846.40m 892.88m 519.65m

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