Compass, Inc.COMP
NYSE•Real Estate•Real Estate Services
Compass, Inc. provides an end-to-end technology platform for residential real estate in the United States. The company offers the Compass Platform, a technology platform that provides an integrated suite of cloud-based software for customer relationship management, marketing, client service, brokerage services, and other functionalities for the real estate industry, as well as title, escrow, and mortgage services. It also operates Christie's International Real Estate (CIRE) platform, a multi-tenant technology platform for affiliates and its agents; Anywhere tools and services; and Compass Concierge, a program that provides home sellers with access to capital to front the cost of home improvement services. The company was formerly known as Urban Compass, Inc. and changed its name to Compass, Inc. in January 2021. Compass, Inc. was incorporated in 2012 and is headquartered in New York, New York.
Compass, Inc. (COMP) reported trailing twelve months revenue of $8.31B as of March 2026, a 40.1% increase year-over-year. Quarterly revenue reached $2.70B, reflecting continued top-line momentum.
Compass, Inc. generated $14.20M in TTM net income, with quarterly EBITDA of $-188.00M. The operating margin contracted from -4.0% to -13.0%, suggesting rising cost pressures or pricing headwinds.
The spread between operating margin (-13.0%) and net margin (0.8%) indicates tight cost control with minimal non-operating drag. Net margin has improved from -3.7% a year ago, signaling stronger bottom-line efficiency.
COMP trades at a P/E of 486.1x (a premium multiple) and a P/S of 0.8x. The price-to-book ratio of 2.4x reflects a moderate premium to book value.
The company reported negative free cash flow of $-168.00M, indicating cash consumption over the period. The balance sheet shows $8.12B in total assets with $3.14B in long-term debt against $2.82B in stockholders equity for a debt-to-equity ratio of 1.1. Data based on the most recent quarterly reports.
Competitive analysis based on 21 quarters of fundamental data
Operating margins are under pressure, averaging -2.5%. The business may lack pricing power or face rising costs.'
ROE is low or negative, suggesting limited competitive advantage or capital allocation challenges.
7 of the last 8 quarters generated positive FCF. The company generally funds itself but has occasional cash consumption quarters.
TTM revenue has grown consistently (7 of 7 quarters up), with ~60.2% growth over the period. Strong demand durability.
Data-driven red flags and warnings across 21 quarters
The company posted negative operating margins in recent quarters — core operations are unprofitable.
FCF consistently trails net income (avg -5.2x) — earnings may be inflated by non-cash items or aggressive accounting.
Limited debt-to-equity data available.
Revenue is stable or growing over recent quarters — demand appears durable.
Free cash flow is consistently positive — the business self-funds without external capital reliance.
Shares outstanding increased 47.3% — significant dilution, likely from stock compensation or capital raises.