Credit and interest ratesnegative · 5 filings
“Segment Adjusted EBITDA represents net income (loss) attributable to Compass, Inc.”10-Q · Aug 6, 2026 ↗
Compass, Inc.
COMP
You’ve read what changed. Here’s whether the market is confirming it.
Market read
Compass, Inc.'s move is spreading beyond its market group.
COMP accounts for 24.3% of the group's measured movement across 8.0 effective names. raw member direction is mixed; 10 of 12 session-normalized paths align to the downside. Capital-flow agreement is 13%, so confirmation is not yet clean. No verified headline preceded the measured group move.
MOVE ANATOMY
Session-normalized 5m pathsIs this move genuinely shared?
Role in the moveAligned contributor#1 of 12 by movement share
Group movement share24.3%Absolute path energy—not portfolio weight
Relative path-4.46%aligned
Effective breadth8.0 / 12broad
Relative alignment10/12downside path · 2 counter-moving
Capital-flow agreement13%not yet clean
SEQUENCE READ
COMP was the first measured mover. COMP crossed its material path threshold at 13:15 ET. CWK, COF, CIGI followed.
What changed
- Revenue increased 109.0% versus the comparable filing period.
EVIDENCE COVERAGE
7 of 18 members in Real Estate Services are active. 0 of 6 disclosed connections are confirming.
What would change this read
Watch this read- At least 12 of 18 durable members become active together.
- Capital-flow agreement rises above 55%.
- REG remains aligned with the group in the next market snapshot.
Invalidation: The live read weakens if participation falls to 6 of 18 members or fewer.
Research brief
The story so far
COMP accounts for 24.3% of the group's measured movement across 8.0 effective names. raw member direction is mixed; 10 of 12 session-normalized paths align to the downside. Capital-flow agreement is 13%, so confirmation is not yet clean. No verified headline preceded the measured group move.
Evidence that supports
- Revenue increased 109.0% versus the comparable filing period.
- Operating margin improved 1.0 percentage points.
- Net income increased 135.9% versus the comparable filing period.
Evidence that challenges
No thresholded adverse filing evidence is available yet.
What would clarify the read
- At least 12 of 18 durable members become active together.
- Capital-flow agreement rises above 55%.
- REG remains aligned with the group in the next market snapshot.
Company research
Understand the business, not just the ticker
Business model and earnings drivers
Use the company’s filings to identify the few operating, demand, cost, capital and regulatory variables that determine its earnings power.
Key research questions
- Which operating variable is changing?
- Is that change durable, cyclical or one-off?
- What evidence would disprove the current interpretation?
Annual periods7
Price observations341
Usable filing statements188
Verified relationships8
Evidence supporting the case
- Latest annual revenue changed +23.7% year over year.
- Operating margin changed +1.8 percentage points in the latest annual period.
- Net margin changed +1.9 percentage points in the latest annual period.
Evidence challenging the case
- Diluted shares increased 12.1% in the latest annual period.
- Credit and interest rates has repeated adverse evidence across 5 filings.
- Restructuring and cost reductions has repeated adverse evidence across 4 filings.
Questions before a position
- EV/sales is 54% above the available filing-peer median; determine whether growth and quality justify the difference.
Longer-term price context
Price as of Sep 30, 2026
8.896m+21.5%12m+8.1%24m—
Annual trajectory
Reported annual revenue and per-share history. This is accounting history, not a forecast.
PeriodRevenueYoYDiluted EPSShare change
2021-12-31$6.4B+72.6%$-1.51—
2022-12-31$6.0B-6.3%$-1.40+31.2%
2023-12-31$4.9B-18.8%$-0.69+9.0%
2024-12-31$5.6B+15.2%$-0.31+7.5%
2025-12-31$7.0B+23.7%$-0.10+12.1%
What management says matters
Persistent and emerging business drivers
Legal and regulatory exposuremixed · 4 filings
“The changes in assets and liabilities resulted in a cash outflow primarily due to an decrease of $24.6 million in accrued expenses and other liabilities, primarily driven by the final settlement paid in connection with the Antitrust Lawsuit, a $12.0 million o…”10-K · Feb 27, 2026 ↗
Restructuring and cost reductionsnegative · 4 filings
“The Company expects to recognize an additional $ 7 million of severance and retention charges related to previously actioned role eliminations over the remainder of the year ending December 31, 2026, reflecting certain employees' remaining required service pe…”10-Q · Aug 6, 2026 ↗
Product pipeline and R&Dmixed · 3 filings
“The increase in Research and development expense, excluding stock-based compensation expense, in absolute dollars was primarily driven by an increase in personnel and outside contractor costs.”10-K · Feb 27, 2026 ↗
Valuation discipline
Descriptive valuation snapshot
Price/sales 0.7× · EV/sales 0.7×. Comparisons use only industry-matched filing peers.
Scenario scaffold
Mechanical 2.0-year scenarios are available as editable assumptions, not consensus.
Price action
How the market is pricing the story
8.74-3.0% today
Jodie does not have enough daily observations to draw a useful short-term chart for this asset. The latest quoted price was checked 1 Oct, 11:45 GMT-4; this is a coverage limitation, not a flat-price conclusion.
Developments
No sourced recent-development timeline yet
Jodie has not returned a relevant primary source or news item for COMP. This is an evidence-coverage gap, not a conclusion that nothing material happened.
Business and financial condition
Reported financial figures are not available yet
Jodie has not returned structured SEC XBRL fundamentals for this asset. This is a coverage limitation, not an assessment of the business or its financial health.
Latest filing assessment
Fundamentals strengthened in the latest filing
10-Q filed 2026-08-06 against the comparable filing from 2025-08-04.
OperationsconstructiveEvidence score +4
liquidityneutralEvidence score 0
valuationmixed
Capital and cash conversion
Investment load increased
Capital spending consumed more revenue while free-cash-flow margin declined.
- Capital spending YoY
- +144.4%
- Capital spending / revenue
- +0.3%
- Free-cash-flow margin
- +0.2%
- FCF margin change
- -2.4 pts
Capex, revenue, and operating cash flow are matched to the same reported duration. Reported accounting context, not a forecast or trading recommendation.
What improved
- Revenue increased 109.0% versus the comparable filing period.
- Operating margin improved 1.0 percentage points.
- Net income increased 135.9% versus the comparable filing period.
What weakened
No thresholded deterioration was identified.
Filing receipts
“The increase was primarily attributable to the Anywhere Merger, with assumed debt contributing $36 million and $71 million for the three and six months ended June 30, 2026, respectively, of interest expense during the current period.”
“The year-over-year improvements in Adjusted EBITDA were primarily driven by the addition of Anywhere, higher stand-alone Compass revenue from increased transaction counts, and continued cost management and synergies.”
“This inflow was primarily driven by net income of $114 million, adjusted for $62 million of net non-cash items, primarily $316 million of depreciation and amortization and $149 million of stock-based compensation, partially offset by a $401 million deferred income tax benefit.”
Historical filing backfill generated after the original filing window. It is not part of Jodie's live track record.
Business ecosystem
The relationships behind COMP
Customers, suppliers, partners and competitors named in company filings—not inferred from headlines.
Depends on
ATMPFiling-linked namelenderMay 8, 2026 ▾
“2021 Revolving Credit Facility In March 2021, we entered into a Revolving Credit and Guaranty Agreement (the “2021 Revolving Credit Facility”), with Barclays Bank PLC, as administrative agent and as collateral agent, or the Administrative Agent, and certain o…”
MSMorgan StanleylenderMay 8, 2026 ▾
“2025 Revolving Credit Facility In November 2025, we entered into a Revolving Credit and Guaranty Agreement (the “2025 Revolving Credit Facility”) with Morgan Stanley Senior Funding, Inc., as administrative agent and as collateral agent and a syndicate of othe…”
Depended on by
ARMKAramarkcompetitorNov 25, 2025 ▾
“In our United States segment, our external competitors include other multi-regional food and support service providers, such as Compass Group plc, Delaware North Companies Inc.”
Filing peers
Companies whose filings use similar operating language.
Open the three relationships above to see Jodie’s filing proof. Pro unlocks 4 more links, every receipt, and alerts when connected names begin moving. Unlock the full network →
What is moving around it
Live connections
COMP is currently a Participant in the organic co-movement group Real Estate Services. This group is discovered from market behaviour rather than assigned from an industry taxonomy. 3 filing-linked names are in the relationship map; none is currently confirmed as moving with the group.
Context history
Theme membership history
No durable theme membership has been observed for this name yet.