Compass Group Diversified Holdings LLC 2025年度报告

Form 10-K ANNUAL REPORT PURSUANT TO SECTION13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December31, 2025 or ☐TRANSITION REPORT PURSUANT TO SECTION13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period fromto Commission File Number: 001-34927 Compass Diversified Holdings (Exact name of registrant as specified in its charter) 57-6218917(I.R.S. Employer Identification No.) Delaware(State or other jurisdiction of incorporation ororganization) Commission File Number: 001-34926 Compass Group Diversified Holdings LLC (Exact name of registrant as specified in its charter) Delaware20-3812051(State or other jurisdiction of incorporation ororganization)(I.R.S. Employer Identification No.) 301 Riverside Avenue, Second FloorWestport, CT06880(Address of principal executive office)(Zip Code) (203) 221-1703(Registrants’ telephone number, including area code)Securities registered pursuant to Section12(b) of the Act: Indicate by check mark if the registrants are collectively a well-known seasoned issuer, as defined in Rule 405 of the SecuritiesAct.YesNo Indicate by check mark if the registrants are collectively not required to file reports pursuant to Section13 or Section15(d) of theAct.YesNo Indicate by check mark whether the registrants (1)have filed all reports required to be filed by Section13 or 15(d) of the SecuritiesExchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrants were required to file such reports),and (2)have been subject to such filing requirements for the past 90 days.YesNo Indicate by check mark whether the registrants have submitted electronically every Interactive Data File required to be submittedpursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that theregistrants were required to submit such files).YesNo Indicate by check mark whether the registrants are collectively a large accelerated filer, an accelerated filer, a non-accelerated filer, asmaller reporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smallerreporting company,” and "emerging growth company" in Rule 12b-2 of the Exchange Act. (Check one): Large accelerated filerNon-accelerated filer Accelerated filerSmallerreportingcompanyEmerging growth company If an emerging growth company, indicate by check mark if the registrants have elected not to use the extended transition period forcomplying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. Indicate by check mark whether the registrant has filed a report on and attestation to its management’s assessment of the effectivenessof its internal control over financial reporting under Section 404(b) of the Sarbanes-Oxley Act (15 U.S.C. 7262(b)) by the registeredpublic accounting firm that prepared or issued its audit report. If securities are registered pursuant to Section 12(b) of the Act, indicate by check mark whether the financial statements of the registrantincluded in the filing reflect the correction of an error to previously issued financial statements.☐ Indicate by check mark whether any of those error corrections are restatements that required a recovery analysis of incentive-basedcompensation received by any of the registrant’s executive officers during the relevant recovery period pursuant to §240.10D-1(b).☐ Indicate by check mark whether the registrants are collectively a shell company (as defined in Rule 12b-2 of the Act).Yes☐No The aggregate market value of the outstanding common shares of trust stock held by non-affiliates of Compass DiversifiedHoldings at June30, 2025 was $418,857,778 based on the closing price on the New York Stock Exchange on that date. For purposesof the foregoing calculation only, all directors and officers of the registrant have been deemed affiliates.There were 75,235,966 commonshares of trust stock without par value outstanding at February24, 2026. Documents Incorporated by Reference Certain information in the registrant’s definitive proxy statement to be filed with the Commission relating to the registrants' 2026Annual Meeting of Shareholders is incorporated by reference into Part III. Table of Contents PART I BusinessRisk FactorsUnresolved Staff CommentsCybersecurityPropertiesLegal ProceedingsMine Safety Disclosures PART II Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases ofEquity Securities[Reserved]Management’s Discussion and Analysis of Financial Condition and Results of OperationsQuantitative and Qualitative Disclosures about Market RiskFinancial Statements and Supplementary DataChanges in and Disagreements with Accountants on Accounting and Financial DisclosureControls and ProceduresOther InformationDisclosure Regarding Foreign Jurisdictions That Prevent Inspections