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Compass
(NYSE:COMP)
Compass (COMP) vs. SPDR S&P 500 ETF (SPY)
Compass Business Overview & Revenue Model
Compass Key Performance Indicators (KPIs)
Represents overall deal flow handled by Compass in a given period. Strong or improving transaction volumes point to healthy demand and platform adoption, while drops often precede lower revenues and can reflect market seasonality, pricing pressure, or competitive losses.
The FlyCompass Earnings Call Summary
Compass Financial Statement Overview
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 6.96B | 5.63B | 4.88B | 6.02B | 6.42B |
| Gross Profit | 1.88B | 994.50M | 878.00M | 1.08B | 1.11B |
| EBITDA | 46.30M | -65.60M | -216.40M | -500.30M | -428.50M |
| Net Income | -58.50M | -154.40M | -321.30M | -601.50M | -494.10M |
Balance Sheet | |||||
| Total Assets | 1.54B | 1.18B | 1.16B | 1.53B | 1.80B |
| Cash, Cash Equivalents and Short-Term Investments | 199.00M | 223.80M | 166.90M | 361.90M | 618.30M |
| Total Debt | 453.50M | 497.60M | 533.90M | 763.00M | 580.70M |
| Total Liabilities | 752.20M | 765.60M | 728.30M | 1.01B | 953.00M |
| Stockholders Equity | 782.00M | 409.40M | 428.70M | 517.10M | 843.80M |
Cash Flow | |||||
| Free Cash Flow | 203.30M | 105.80M | -37.10M | -362.40M | -78.70M |
| Operating Cash Flow | 216.70M | 121.50M | -25.90M | -292.30M | -28.60M |
| Investing Cash Flow | -191.30M | -36.60M | -11.70M | -100.10M | -192.50M |
| Financing Cash Flow | -50.20M | -28.00M | -157.40M | 136.00M | 399.30M |
Compass Technical Analysis
Compass Risk Analysis
Compass Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
78 Outperform | $6.45B | 43.52 | 58.05% | 2.11% | 17.83% | 118.70% | |
69 Neutral | $4.17B | -112.48 | -4.25% | ― | 35.87% | 85.20% | |
68 Neutral | $4.40B | -188.04 | -0.64% | ― | 11.63% | 50.72% | |
67 Neutral | $3.00B | 61.63 | 8.82% | ― | 13.93% | ― | |
65 Neutral | $2.17B | 12.19 | 3.79% | 4.94% | 3.15% | 1.96% | |
62 Neutral | $4.80B | -64.82 | -8.65% | ― | 22.69% | -32.47% | |
56 Neutral | $7.06B | -90.11 | -9.39% | ― | 24.27% | 73.11% |
Compass Corporate Events
On February 26, 2026, Compass reported record results for the fourth quarter and full year 2025, highlighted by Q4 revenue of $1.70 billion, up 23.1% year over year, and full-year revenue of $7.0 billion, along with record full-year operating cash flow of $217 million and its eighth consecutive quarter of positive operating cash flow. Although the company posted a GAAP net loss of $42.6 million in Q4 2025, reflecting merger-related costs and non-cash expenses, it significantly improved profitability metrics with Adjusted EBITDA rising to $58.3 million, strengthened its balance sheet with $199 million in cash and no revolver borrowings, expanded its principal agent base by 19.4%, and continued to outperform the U.S. housing market in transaction and GTV growth while deepening adoption of its technology platform and integrating recent acquisitions, including Christie’s International Real Estate and the closed Anywhere transaction.
Operationally in 2025, Compass drove 19.7% year-over-year growth in Q4 transactions versus a 0.7% increase for the broader U.S. market, lifted organic revenue and GTV by double digits, and maintained high agent retention at 96.8%. The company also advanced key platform offerings such as Compass One, Make-Me-Sell, One-Click Title & Escrow and a new Buyer Demand Tool, which together increased client engagement and attach rates, underscoring a strategy of tightly linking technology, ancillary services, and disciplined cost control to enhance competitiveness and long-term value for agents and shareholders.
The most recent analyst rating on (COMP) stock is a Buy with a $15.00 price target. To see the full list of analyst forecasts on Compass stock, see the COMP Stock Forecast page.
On January 9, 2026, Compass issued $1.0 billion of 0.25% Convertible Senior Notes due 2031 in a private placement to institutional buyers, using the proceeds primarily to repay existing indebtedness of Anywhere Real Estate and cover costs tied to their merger, as well as to fund capped call transactions designed to limit dilution upon conversion of the notes. The notes, which are senior unsecured obligations guaranteed by certain Compass subsidiaries, carry an initial conversion price of about $15.98 per share and are paired with capped call transactions with a $23.68 per-share cap, reinforcing the company’s capital structure as it integrates Anywhere. On the same date, Compass completed its previously announced all-stock acquisition of Anywhere, exchanging each share of Anywhere common stock for 1.436 Compass shares, and began operating the combined business under Compass International Holdings, positioning the enlarged group—under Chairman and CEO Robert Reffkin—as a dominant, technology-driven platform for real estate professionals that brings together respected brands and agents on a single modern technology infrastructure.
The most recent analyst rating on (COMP) stock is a Hold with a $12.50 price target. To see the full list of analyst forecasts on Compass stock, see the COMP Stock Forecast page.
On January 8, 2026, Compass, Inc. announced it had priced an upsized private offering of $850 million in 0.25% convertible senior notes due April 15, 2031, with an option for initial purchasers to buy an additional $150 million, targeted to qualified institutional buyers under Rule 144A. The senior unsecured notes, guaranteed by key Compass subsidiaries, carry an initial conversion rate implying a $15.98 per-share conversion price—about a 35% premium to the January 7, 2026 NYSE closing price—and are supported by capped call transactions with a $23.68 cap, or a 100% premium, designed to limit potential dilution from conversion. Compass plans to use the proceeds for general corporate purposes, including, if its previously announced merger with Anywhere Real Estate Inc. is completed, repaying portions of Anywhere’s existing indebtedness and covering merger-related costs, as well as funding the capped call transactions, a move that would strengthen the combined entity’s balance sheet and could influence trading dynamics in Compass’s Class A stock and the notes as counterparties hedge their positions.
The most recent analyst rating on (COMP) stock is a Hold with a $12.50 price target. To see the full list of analyst forecasts on Compass stock, see the COMP Stock Forecast page.
On January 7, 2025, Compass, Inc. held a special meeting of stockholders at which shareholders overwhelmingly approved the issuance of Compass Class A common stock to stockholders of Anywhere Real Estate Inc. in connection with their planned merger, as well as the option to adjourn the meeting if needed, though adjournment proved unnecessary due to a strong quorum and decisive support. In a joint announcement dated January 7, 2026, Compass and Anywhere reported that stockholders of both companies had overwhelmingly approved all merger-related proposals at their respective special meetings, with approximately 99% of votes cast at Compass supporting the share issuance and 72.4% of Anywhere’s outstanding shares voting to adopt the merger agreement; the merger, expected to close on January 9, 2026 subject to customary conditions, is set to combine Compass’s tech-driven brokerage platform with Anywhere’s extensive franchise, brokerage, relocation, and title operations, potentially creating a more powerful player in residential real estate and affecting agents, franchise owners, and other stakeholders across both networks.
The most recent analyst rating on (COMP) stock is a Hold with a $11.00 price target. To see the full list of analyst forecasts on Compass stock, see the COMP Stock Forecast page.
Compass said the Hart-Scott-Rodino waiting period for its planned merger with Anywhere Real Estate expired on January 2, 2026, clearing a key U.S. antitrust hurdle as both companies move toward shareholder votes scheduled for January 7, 2026 and potential closing shortly thereafter, subject to remaining customary conditions. On January 7, 2026, Compass also announced a proposed private offering of $750 million in convertible senior notes due 2031, with an option for an additional $112.5 million, to be used for general corporate purposes including repayment of Anywhere’s debt and merger-related costs if the deal closes, as well as capped call transactions intended to limit dilution, enabling the company to replace previously arranged bridge financing and refine the capital structure underpinning the proposed acquisition.
The most recent analyst rating on (COMP) stock is a Buy with a $12.50 price target. To see the full list of analyst forecasts on Compass stock, see the COMP Stock Forecast page.
On September 22, 2025, Compass, Inc. entered into a merger agreement under which its wholly owned subsidiary will merge with Anywhere Real Estate Inc., leaving Anywhere as a wholly owned subsidiary of Compass, and the companies have been soliciting shareholder approval ahead of a special meeting scheduled for January 7, 2026. After the joint proxy statement/prospectus was filed in November and finalized in December 2025, three lawsuits by Anywhere shareholders and several demand letters from shareholders of both companies alleged that the proxy materials were misleading or incomplete and sought to block or unwind the deal or obtain damages, prompting Compass and Anywhere—while denying any wrongdoing or legal need for additional disclosure—to issue voluntary supplemental financial and compensation-related disclosures, including expanded valuation assumptions from Goldman Sachs and more detail on executive and director equity awards and potential post-merger arrangements, in an effort to reduce litigation risk and avoid delays to the shareholder vote and closing of the merger.
The most recent analyst rating on (COMP) stock is a Buy with a $12.50 price target. To see the full list of analyst forecasts on Compass stock, see the COMP Stock Forecast page.