# Compass, Inc. (COMP)

> Source: Nexqual · https://nexqual.com/COMP · data as of 2026-10-22 20:00 UTC · cite as "Nexqual, Compass, Inc. (COMP), nexqual.com/COMP" · informational, not investment advice.

**Price:** USD 9.97 (+2.57% on the day) · last close of Oct 22, 2026; US market pre market, not a live price. Prev close 9.72 · day 9.62–10.28 · 52w 6.37–13.96 · market cap $7.65B · NYQ

## Key facts
- Last four reported quarters (through Jun 30, 2026): revenue $10.6B, net income $66.8M (0.6% margin), free cash flow $128M (SEC filings).
- Valuation: P/E 114.6x, EV/EBITDA 107.0x, net debt $2.45B.
- 2 of 80 tracked superinvestors hold COMP (13F, Q2 2026): 0 new, 1 added, 0 reduced, 1 unchanged.
- Insider open-market sales, last ~7 months: 3 Form 4 filings, $748K; 0 not under a Rule 10b5-1 plan ($0K); 0 by opportunistic insiders, 0 by routine insiders (three-year test, Cohen, Malloy & Pomorski 2012).
- Analysts: Buy (mean 1.92 on a 1–5 scale) (13 analysts), mean target USD 14.23 (range 10–17).
- Total return with dividends: 1Y +30.0% vs S&P 500 +14.9%; 5Y -22.6% vs S&P 500 +80.3%.
- Next earnings: 2026-11-05, EPS estimate USD 0.2, revenue estimate $3.91B.

## Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters)
| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | TTM |
|---|---|---|---|---|---|---|
| Revenue | $6.42B | $6.02B | $4.88B | $5.63B | $6.96B | $10.6B |
| Operating income | -$493M | -$589M | -$315M | -$155M | -$63.4M | -$276M |
| Net income | -$494M | -$602M | -$321M | -$154M | -$58.5M | $66.8M |
| EPS (diluted) | -$1.51 | -$1.40 | -$0.69 | -$0.31 | -$0.10 | — |
| Free cash flow | -$78.7M | -$362M | -$37.1M | $106M | $203M | $128M |
| Operating margin | -7.7% | -9.8% | -6.4% | -2.7% | -0.9% | -2.6% |
| Net margin | -7.7% | -10.0% | -6.6% | -2.7% | -0.8% | 0.6% |
| Revenue growth | +72.6% | -6.3% | -18.8% | +15.2% | +23.7% | — |
| Cash + short-term investments | $618M | $362M | $167M | $224M | $199M | — |
| Total debt | — | — | — | — | $0K | — |
Fiscal years end Dec. EPS is split-adjusted.

## Valuation (price ÷ last four quarters, through Jun 30, 2026)
P/E 114.6x · P/S 0.7x · EV/EBITDA 107.0x · EV/Sales 1.0x · P/FCF 59.7x · P/B 2.6x · FCF yield 1.68% · Earnings yield 0.87% · Net debt $2.45B · EV $10.1B

## Superinvestors (SEC 13F-HR, Q2 2026)
2 of 80 tracked investors hold COMP. Each row is the investor's latest 13F; change is vs their prior-quarter share count.
| Investor | Firm | % of portfolio | Value | Change |
|---|---|---|---|---|
| Lee Ainslie | Maverick Capital | 0.66% | $72.9M | Added +14.3% |
| Third Avenue Management |  | 0.37% | $2.3M | Unchanged |

## Insider sales (SEC Form 4, open-market, last ~7 months)
3 of 3 under a Rule 10b5-1 trading plan (scheduled in advance). Unplanned sales were timed by the insider.
| Trade date | Insider | Role | Shares | Value | % of holdings sold | 10b5-1 plan | Insider type |
|---|---|---|---|---|---|---|---|
| 2026-08-03 | Reffkin Robert L. | Chairman and CEO | 23,456 | $274K | 0.3% | Yes (adopted March 3, 2026) | Too little history (no open-market trades in 2023) |
| 2026-07-01 | Reffkin Robert L. | Chairman and CEO | 23,456 | $293K | 0.3% | Yes (adopted March 3, 2026) | Too little history (no open-market trades in 2023) |
| 2026-06-03 | Reffkin Robert L. | Chairman and CEO | 23,456 | $180K | 0.3% | Yes (adopted March 3, 2026) | Too little history (no open-market trades in 2023) |
% of holdings sold = shares sold ÷ (shares sold + all holdings the insider reported on that Form 4, direct and through trusts).
Insider type follows Cohen, Malloy & Pomorski (Journal of Finance, 2012). An insider who traded the stock in the same calendar month in each of the past three years is a routine trader; one who traded in each of those years without such a pattern is an opportunistic trader. In their study, trades by opportunistic insiders predicted future returns and trades by routine insiders did not. Counts open-market purchases and sales only (SEC Form 4 codes P and S) by that insider in that company. Not investment advice.

## Analysts
Consensus Buy (mean 1.92 on a 1–5 scale), 13 analysts; mean target USD 14.23 (low 10, high 17).
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-10-21 | Zelman & Assoc | Upgrade | Neutral → Outperform |  |
| 2026-10-16 | Needham | Target lowered | Buy | $17 → $12 |
| 2026-10-14 | Citizens | Initiated | Market Outperform | $11 |
| 2026-10-12 | Wells Fargo | Target lowered | Equal-Weight | $13 → $10 |
| 2026-08-06 | Zelman & Assoc | Downgrade | Outperform → Neutral | $13.5 |
| 2026-08-05 | Goldman Sachs | Target raised | Neutral | $10.5 → $12 |
| 2026-08-05 | Oppenheimer | Target raised | Outperform | $15 → $18 |
| 2026-08-05 | Wells Fargo | Target raised | Equal-Weight | $12 → $13 |
| 2026-08-05 | Barclays | Target raised | Overweight | $15 → $16 |
| 2026-07-31 | UBS | Target raised | Buy | $12 → $17 |
| 2026-07-14 | Barclays | Target raised | Overweight | $12 → $15 |
| 2026-07-07 | Wells Fargo | Target raised | Equal-Weight | $9 → $12 |

## Total return (dividends reinvested)
|  | 1Y (from 2025-10-23) | 5Y (from 2021-10-18) |
|---|---|---|
| Total return | +30.0% | -22.6% |
| S&P 500 (SPY) | +14.9% | +80.3% |
| Per year | +30.1% | -5.0% |
| Volatility (annualized) | 64.9% | 74.8% |
| Max drawdown | -50.8% (Jan 2026→Apr 2026) | -85.0% (Oct 2021→Nov 2023) |

## Peers (Real Estate Services)
FSV (FirstService Corporation) USD 147.22 +7.78% · CIGI (Colliers International Group In) USD 96.46 +4.00% · CSGP (CoStar Group, Inc.) USD 35.45 +7.75% · JLL (Jones Lang LaSalle Incorporated) USD 312.55 +2.12% · BEKE (KE Holdings Inc) USD 17.24 -0.63% · NMRK (Newmark Group, Inc.) USD 11.82 +2.96%

## More
Full page: https://nexqual.com/COMP · Free keyless MCP server with the same data and citations: https://mcp.nexqual.com/mcp · Guide for agents: https://nexqual.com/agents · https://nexqual.com/llms.txt

## Supply chain and relationships (SEC annual reports)

Named in COMP's own 10-K filed 2026-02-27 (https://www.sec.gov/Archives/edgar/data/1563190/000156319026000057/comp-20251231.htm):

| Relationship | Company | Sentence in the filing |
|---|---|---|
| Supplier | Amazon (AMZN) | "To deliver mobile app and web content, we utilize a number of third-party service providers to support essential functions of our business, including Amazon Web Services, who we primarily rely on to host our cloud comput…" |
| Partner | Anywhere Real Estate | "Additionally, following the Anywhere Merger, we have a long-term license agreement to own, operate and franchise the Better Homes and Gardens® Real Estate brand from Meredith Operations Corporation, successor in interest…" |
| Partner | Meredith | "Additionally, following the Anywhere Merger, we have a long-term license agreement to own, operate and franchise the Better Homes and Gardens® Real Estate brand from Meredith Operations Corporation, successor in interest…" |
| Partner | Guaranteed Rate | "We partner with Guaranteed Rate, Inc., one of the nation's largest retail mortgage companies, to originate mortgage loans, including both purchases and refinancing transactions." |
| Partner | Meredith Operations | "Additionally, following the Anywhere Merger, we have a long-term license agreement to own, operate and franchise the Better Homes and Gardens® Real Estate brand from Meredith Operations Corporation, successor in interest…" |

Other companies that name COMP in their own reports (relationship from COMP's side):

| Relationship | Company | Their filing | Sentence |
|---|---|---|---|
| partner | Vinci Compass Investments Ltd. (VINP) | 20-F 2026-04-20 | "Since the integration between Vinci Partners and Compass Group in November 2024, the Company has maintained a solid gender diversity profile, with women representing over 40% of junior to mid-level po…" |

## Revenue by business segment (quarter ended 2026-06-30)

| Line | Revenue | Share | YoY |
|---|---|---|---|
| Brokerage | $3.96B | 92.0% | +96.7% |
| Integrated Services | $211.0M | 4.9% | +441.0% |
| Franchise | $135.0M | 3.1% | +1587.5% |
| Total revenue | $4.31B | 100% | — |

## Revenue by product line (quarter ended 2026-06-30)

| Line | Revenue | Share | YoY |
|---|---|---|---|
| Gross commission income | $3.95B | 91.7% | +96.6% |
| Other | $13.0M | 0.3% | +160.0% |
| Total revenue | $4.31B | 100% | — |
The lines above cover 92% of total revenue.

## Company outlook (8-K filed 2026-08-04)

- "Outlook: ● Revenue of $3.85 billion to $4.05 billion for Q3 ● Adjusted EBITDA of $275 million to $305 million for Q3 Full Year 2026 Outlook: ● Non-GAAP OPEX of $2.75 billion to $2.80 billion, reflecting an increase from the prior range of $2.70 billion to $2.75 billion."

## Analyst estimates and revisions

| Period | EPS est. | 90d ago | Change | Revenue est. | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends 2026-09-30) | $0.20 | $0.20 | +1.0% | $3.91B | 3 |
| Next quarter (ends 2026-12-31) | $0.05 | $0.10 | -49.9% | $3.45B | 3 |
| Current fiscal year (ends 2026-12-31) | $0.85 | $0.84 | +1.3% | $14.36B | 3 |
| Next fiscal year (ends 2027-12-31) | $0.82 | $0.78 | +5.3% | $15.37B | 3 |

## Options: expected move (Cboe, 15-min delayed)

Expected move by 2026-11-20 (includes earnings 2026-11-05): ±16.6%; last 8 reports averaged ±15.5%.

| Expiration | Days | ATM IV | Expected move |
|---|---|---|---|
| 2026-11-20 | 28 | 72.0% | ±16.6% |
| 2026-12-18 | 56 | 66.7% | ±21.1% |
| 2027-01-15 | 84 | 65.2% | ±25.1% |
| 2027-02-19 | 119 | 68.3% | ±31.2% |
| 2027-05-21 | 210 | 65.1% | ±38.9% |