COMPCompass, Inc.

Real Estate Agents & Managers (for Others)

Revenue: $7.0B; 24% YoY
Operating margin: -0.9%; 67% YoY
EBITDA: $49M; 168% YoY
Market cap: $6.8B
Employees: 3,200; $2M revenue each
Net debt / EBITDA: 49.6×; $2.4B net debt
AI in 10-K: 5.2; mentions per 10K words

Takeover score 0 of 13

Fixable underperformance 0 of 7

TSR below peersNo
—
3+ of last 5 years
High CEO pay despite TSRNo
—
Median CEO pay ≥ $15M while TSR trails
Earnings not backed by cashNo
—
Cash flow under 80% of net income
Dilutive SBCNo
3% of revenue
Over 10% of revenue
Payouts exceed cash flowNo
0% of cash flow
Buybacks + dividends over cash flow
Goodwill-heavyNo
31% of assets
Over 40% of assets
Shareholder dissentNo
96% lowest support
Any vote under 80% support

Buyer economics 0 of 4

Low revenue per employeeNo
$2M · 60th pct
Bottom quartile of its SIC industry
Quiet on AINo
5.2 per 10K words · 83rd pct
Bottom quartile of AI mentions in 10-Ks
Net cashNo
49.6× EBITDA net debt
More cash than debt, positive EBITDA
Buyout-sizedNo
$6.8B market cap
Market cap $500M–$5B

Catalysts 0 of 2

Active 13DNo
0 filings
Active-intent 13D in 18 months
Net insider sellingNo
−$4M net
Net sales over $10M in 12 months

Financials

Metric	FY2021	FY2022	FY2023	FY2024	FY2025	YoY	Trend
Revenue	$6.4B	$6.0B	$4.9B	$5.6B	$7.0B	24%
Operating income	−$493M	−$589M	−$315M	−$155M	−$63M	59%
Net income	−$494M	−$602M	−$321M	−$154M	−$59M	62%
Operating cash flow	−$29M	−$292M	−$26M	$122M	$217M	78%
Capex	$50M	$70M	$11M	$16M	$13M	15%
Stock-based comp	$386M	$235M	$158M	$128M	$203M	59%

Deal filings

None.

13D filers

None on file.

Insider trading

Open-market buys, 12 mo: $0 · 0
Open-market sells, 12 mo: $4M · 13
Net: −$4M

Pay vs performance

No pay-versus-performance disclosure yet.