GPGI (GPGI)
Market Price (9/21/2026): $12.06 | Market Cap: $3.5 BilSector: Industrials | Industry: Industrial Machinery & Supplies & Components
GPGI (GPGI)
Market Price (9/21/2026): $12.06Market Cap: $3.5 BilSector: IndustrialsIndustry: Industrial Machinery & Supplies & Components
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
Megatrend and thematic driversMegatrends include Fintech & Digital Payments, E-commerce & Digital Retail, and Cloud Computing. Themes include Digital Payments, Show more. | Weak multi-year price returns2Y Excs Rtn is -14% | Very low revenueRev LTMTotal Revenue or Sales, Last Twelve Months is 0 Not profitable at operating income levelOp Inc LTMOperating Income, Last Twelve Months is -82 Mil Weak revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is null, Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -43% Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -13% Significant short interestShort Interest Days-to-CoverDTC = (Short Interest Share Quantity) / (Average Daily Trading Volume). Reflects how many days it would take to cover (close out) the short interest based on average volumes. High DTC can signify an increased risk of a short squeeze. is 18.9 Key risksGPGI key risks include [1] execution challenges in integrating the major Husky acquisition and company rebrand, Show more. |
| Megatrend and thematic driversMegatrends include Fintech & Digital Payments, E-commerce & Digital Retail, and Cloud Computing. Themes include Digital Payments, Show more. |
| Weak multi-year price returns2Y Excs Rtn is -14% |
| Very low revenueRev LTMTotal Revenue or Sales, Last Twelve Months is 0 |
| Not profitable at operating income levelOp Inc LTMOperating Income, Last Twelve Months is -82 Mil |
| Weak revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is null, Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -43% |
| Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -13% |
| Significant short interestShort Interest Days-to-CoverDTC = (Short Interest Share Quantity) / (Average Daily Trading Volume). Reflects how many days it would take to cover (close out) the short interest based on average volumes. High DTC can signify an increased risk of a short squeeze. is 18.9 |
| Key risksGPGI key risks include [1] execution challenges in integrating the major Husky acquisition and company rebrand, Show more. |
Qualitative Assessment
AI Analysis | Feedback
Updated on 9/16/2026
GPGI (GPGI) stock has remained largely at the same level since 5/31/2026 because of the following key factors:
1. Mixed Fiscal Q2 2026 Performance with Reiterated but Previously Lowered Guidance. GPGI's fiscal Q2 2026 results, released on August 6, 2026, presented a mixed financial picture. The CompoSecure segment showed strong performance, with adjusted net sales increasing by 12% to $133.6 million and achieving an impressive EBITDA margin of 41.3%. However, the Husky segment faced market headwinds, contributing to an overall 13% year-over-year decline in Pro Forma Adjusted EBITDA to $113.9 million. While the company reiterated its full-year 2026 guidance for Pro Forma Adjusted Net Sales of $1,950-$2,100 million and Adjusted EBITDA of $550-$610 million, this was a reaffirmation of an outlook that had been significantly lowered on May 7, 2026, from initial ranges of $2.183-$2.228 billion for net sales and $620-$650 million for EBITDA. The consistency with the revised (lower) expectations stabilized the stock but offered no new catalyst for substantial upside.
2. Ongoing Securities Fraud Class Action Lawsuits. Throughout the specified period, GPGI was subject to multiple securities fraud class action lawsuits, with lead plaintiff deadlines extending until around September 14, 2026. These lawsuits alleged that GPGI and its executives made materially false and misleading statements regarding the valuation and financial prospects of the Husky Technologies acquisition, which was completed on January 12, 2026. This persistent legal uncertainty and the negative sentiment surrounding the allegations likely created an overhang on the stock, preventing a significant recovery or sustained upward momentum despite other positive developments.
Show more
GPGI (GPGI) stock has remained largely at the same level since 5/31/2026 because of the following key factors:
1. Mixed Fiscal Q2 2026 Performance with Reiterated but Previously Lowered Guidance. GPGI's fiscal Q2 2026 results, released on August 6, 2026, presented a mixed financial picture. The CompoSecure segment showed strong performance, with adjusted net sales increasing by 12% to $133.6 million and achieving an impressive EBITDA margin of 41.3%. However, the Husky segment faced market headwinds, contributing to an overall 13% year-over-year decline in Pro Forma Adjusted EBITDA to $113.9 million. While the company reiterated its full-year 2026 guidance for Pro Forma Adjusted Net Sales of $1,950-$2,100 million and Adjusted EBITDA of $550-$610 million, this was a reaffirmation of an outlook that had been significantly lowered on May 7, 2026, from initial ranges of $2.183-$2.228 billion for net sales and $620-$650 million for EBITDA. The consistency with the revised (lower) expectations stabilized the stock but offered no new catalyst for substantial upside.
2. Ongoing Securities Fraud Class Action Lawsuits. Throughout the specified period, GPGI was subject to multiple securities fraud class action lawsuits, with lead plaintiff deadlines extending until around September 14, 2026. These lawsuits alleged that GPGI and its executives made materially false and misleading statements regarding the valuation and financial prospects of the Husky Technologies acquisition, which was completed on January 12, 2026. This persistent legal uncertainty and the negative sentiment surrounding the allegations likely created an overhang on the stock, preventing a significant recovery or sustained upward momentum despite other positive developments.
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Updated on 9/16/2026
GPGI (GPGI) stock has remained largely at the same level since 5/31/2026 because of the following key factors:
1. Mixed Fiscal Q2 2026 Performance with Reiterated but Previously Lowered Guidance. GPGI's fiscal Q2 2026 results, released on August 6, 2026, presented a mixed financial picture. The CompoSecure segment showed strong performance, with adjusted net sales increasing by 12% to $133.6 million and achieving an impressive EBITDA margin of 41.3%. However, the Husky segment faced market headwinds, contributing to an overall 13% year-over-year decline in Pro Forma Adjusted EBITDA to $113.9 million. While the company reiterated its full-year 2026 guidance for Pro Forma Adjusted Net Sales of $1,950-$2,100 million and Adjusted EBITDA of $550-$610 million, this was a reaffirmation of an outlook that had been significantly lowered on May 7, 2026, from initial ranges of $2.183-$2.228 billion for net sales and $620-$650 million for EBITDA. The consistency with the revised (lower) expectations stabilized the stock but offered no new catalyst for substantial upside.
2. Ongoing Securities Fraud Class Action Lawsuits. Throughout the specified period, GPGI was subject to multiple securities fraud class action lawsuits, with lead plaintiff deadlines extending until around September 14, 2026. These lawsuits alleged that GPGI and its executives made materially false and misleading statements regarding the valuation and financial prospects of the Husky Technologies acquisition, which was completed on January 12, 2026. This persistent legal uncertainty and the negative sentiment surrounding the allegations likely created an overhang on the stock, preventing a significant recovery or sustained upward momentum despite other positive developments.
3. Ambivalent Analyst Sentiment and Modest Price Targets. Analyst coverage for GPGI during this period reflected a generally neutral stance. The consensus among four Wall Street analysts who rated the stock over the last 12 months was "Hold," with an average price target of $15.00. While this target suggested a modest potential upside from the stock's trading range (which was approximately $12-$13 during the period), the lack of strong buy recommendations (only one analyst issued a "Buy" rating, compared to two "Hold" and one "Sell" ratings) indicated limited conviction among analysts for a significant price appreciation. This balanced, rather than enthusiastic, outlook contributed to the stock remaining range-bound.
4. Broader Macroeconomic Headwinds Tempering Market Enthusiasm. Despite overall resilient global economic expansion and corporate earnings in fiscal Q2 2026, the broader market faced several macroeconomic headwinds that likely suppressed significant gains for individual stocks, including GPGI. These factors included persistent inflation concerns, evolving expectations for monetary policy with the potential for Federal Reserve rate hikes, surging bond yields (with the 10-year Treasury above 5%), and rising oil prices. While major indices saw strong gains in fiscal Q2 2026, this rally was initially concentrated in large-cap growth and technology sectors and only broadened later in the quarter. GPGI, operating in the Industrials sector, likely experienced pressure from these broader market anxieties, preventing it from fully benefiting from any overall market upside and contributing to its relatively stable, albeit subdued, performance.
Show less
GPGI (GPGI) stock has remained largely at the same level since 5/31/2026 because of the following key factors:
1. Mixed Fiscal Q2 2026 Performance with Reiterated but Previously Lowered Guidance. GPGI's fiscal Q2 2026 results, released on August 6, 2026, presented a mixed financial picture. The CompoSecure segment showed strong performance, with adjusted net sales increasing by 12% to $133.6 million and achieving an impressive EBITDA margin of 41.3%. However, the Husky segment faced market headwinds, contributing to an overall 13% year-over-year decline in Pro Forma Adjusted EBITDA to $113.9 million. While the company reiterated its full-year 2026 guidance for Pro Forma Adjusted Net Sales of $1,950-$2,100 million and Adjusted EBITDA of $550-$610 million, this was a reaffirmation of an outlook that had been significantly lowered on May 7, 2026, from initial ranges of $2.183-$2.228 billion for net sales and $620-$650 million for EBITDA. The consistency with the revised (lower) expectations stabilized the stock but offered no new catalyst for substantial upside.
2. Ongoing Securities Fraud Class Action Lawsuits. Throughout the specified period, GPGI was subject to multiple securities fraud class action lawsuits, with lead plaintiff deadlines extending until around September 14, 2026. These lawsuits alleged that GPGI and its executives made materially false and misleading statements regarding the valuation and financial prospects of the Husky Technologies acquisition, which was completed on January 12, 2026. This persistent legal uncertainty and the negative sentiment surrounding the allegations likely created an overhang on the stock, preventing a significant recovery or sustained upward momentum despite other positive developments.
3. Ambivalent Analyst Sentiment and Modest Price Targets. Analyst coverage for GPGI during this period reflected a generally neutral stance. The consensus among four Wall Street analysts who rated the stock over the last 12 months was "Hold," with an average price target of $15.00. While this target suggested a modest potential upside from the stock's trading range (which was approximately $12-$13 during the period), the lack of strong buy recommendations (only one analyst issued a "Buy" rating, compared to two "Hold" and one "Sell" ratings) indicated limited conviction among analysts for a significant price appreciation. This balanced, rather than enthusiastic, outlook contributed to the stock remaining range-bound.
4. Broader Macroeconomic Headwinds Tempering Market Enthusiasm. Despite overall resilient global economic expansion and corporate earnings in fiscal Q2 2026, the broader market faced several macroeconomic headwinds that likely suppressed significant gains for individual stocks, including GPGI. These factors included persistent inflation concerns, evolving expectations for monetary policy with the potential for Federal Reserve rate hikes, surging bond yields (with the 10-year Treasury above 5%), and rising oil prices. While major indices saw strong gains in fiscal Q2 2026, this rally was initially concentrated in large-cap growth and technology sectors and only broadened later in the quarter. GPGI, operating in the Industrials sector, likely experienced pressure from these broader market anxieties, preventing it from fully benefiting from any overall market upside and contributing to its relatively stable, albeit subdued, performance.
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Stock Movement Drivers
Fundamental Drivers
The -1.5% change in GPGI stock from 5/31/2026 to 9/20/2026 was primarily driven by a -6.9% change in the company's Shares Outstanding (Mil).| (LTM values as of) | 5312026 | 9202026 | Change |
|---|---|---|---|
| Stock Price ($) | 12.16 | 11.98 | -1.5% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 0 | 0 | 0.0% |
| P/S Multiple | ∞ | ∞ | 0.0% |
| Shares Outstanding (Mil) | 270 | 290 | -6.9% |
| Cumulative Contribution | 0.0% |
Market Drivers
5/31/2026 to 9/20/2026| Return | Correlation | |
|---|---|---|
| GPGI | -1.5% | |
| Market (SPY) | 0.9% | 53.4% |
| Sector (XLI) | -2.0% | 42.9% |
Fundamental Drivers
The -46.6% change in GPGI stock from 2/28/2026 to 9/20/2026 was primarily driven by a null change in the company's Total Revenues ($ Mil).| (LTM values as of) | 2282026 | 9202026 | Change |
|---|---|---|---|
| Stock Price ($) | 22.44 | 11.98 | -46.6% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 161 | 0 | |
| P/S Multiple | 15.4 | ∞ | 9.2233720368547763E17% |
| Shares Outstanding (Mil) | 110 | 290 | -62.0% |
| Cumulative Contribution | 0.0% |
Market Drivers
2/28/2026 to 9/20/2026| Return | Correlation | |
|---|---|---|
| GPGI | -46.6% | |
| Market (SPY) | 11.6% | 52.4% |
| Sector (XLI) | -3.9% | 50.8% |
Fundamental Drivers
The -37.3% change in GPGI stock from 8/31/2025 to 9/20/2026 was primarily driven by a null change in the company's Total Revenues ($ Mil).| (LTM values as of) | 8312025 | 9202026 | Change |
|---|---|---|---|
| Stock Price ($) | 19.11 | 11.98 | -37.3% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 268 | 0 | |
| P/S Multiple | 7.3 | ∞ | 9.2233720368547763E17% |
| Shares Outstanding (Mil) | 102 | 290 | -64.7% |
| Cumulative Contribution | 0.0% |
Market Drivers
8/31/2025 to 9/20/2026| Return | Correlation | |
|---|---|---|
| GPGI | -37.3% | |
| Market (SPY) | 19.4% | 44.6% |
| Sector (XLI) | 12.8% | 44.5% |
Fundamental Drivers
The 151.4% change in GPGI stock from 8/31/2023 to 9/20/2026 was primarily driven by a 9.2233720368547763E17% change in the company's P/S Multiple.| (LTM values as of) | 8312023 | 9202026 | Change |
|---|---|---|---|
| Stock Price ($) | 4.77 | 11.98 | 151.4% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 391 | 0 | |
| P/S Multiple | 0.2 | ∞ | 9.2233720368547763E17% |
| Shares Outstanding (Mil) | 19 | 290 | -93.6% |
| Cumulative Contribution | 0.0% |
Market Drivers
8/31/2023 to 9/20/2026| Return | Correlation | |
|---|---|---|
| GPGI | 151.4% | |
| Market (SPY) | 75.6% | 38.0% |
| Sector (XLI) | 63.4% | 36.5% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| GPGI Return | -19% | -40% | 10% | 197% | 58% | -36% | 61% |
| Peers Return | 136% | 50% | 2% | 31% | 6% | 7% | 436% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | 12% | 103% |
Monthly Win Rates [3] | |||||||
| GPGI Win Rate | 58% | 42% | 58% | 58% | 75% | 33% | |
| Peers Win Rate | 68% | 63% | 47% | 53% | 55% | 62% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 44% | |
Max Drawdowns [4] | |||||||
| GPGI Max Drawdown | -27% | -49% | -37% | -18% | -29% | -56% | |
| Peers Max Drawdown | -28% | -37% | -25% | -29% | -26% | -25% | |
| S&P 500 Max Drawdown | -5% | -25% | -10% | -8% | -19% | -9% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: EQT, AR, CNX, RRC, DVN.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 9/18/2026 (YTD)
How Low Can It Go
| Event | GPGI | S&P 500 |
|---|---|---|
| 2025 US Tariff Shock | ||
| % Loss | -29.4% | -18.8% |
| % Gain to Breakeven | 41.7% | 23.1% |
| Time to Breakeven | 50 days | 79 days |
| Summer-Fall 2023 Five Percent Yield Shock | ||
| % Loss | -32.6% | -9.5% |
| % Gain to Breakeven | 48.4% | 10.5% |
| Time to Breakeven | 107 days | 24 days |
| 2022 Inflation Shock & Fed Tightening | ||
| % Loss | -42.0% | -24.5% |
| % Gain to Breakeven | 72.5% | 32.4% |
| Time to Breakeven | 662 days | 427 days |
In The Past
GPGI's stock fell -29.4% during the 2025 US Tariff Shock. Such a loss loss requires a 41.7% gain to breakeven.
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Asset Allocation
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| Event | GPGI | S&P 500 |
|---|---|---|
| 2025 US Tariff Shock | ||
| % Loss | -29.4% | -18.8% |
| % Gain to Breakeven | 41.7% | 23.1% |
| Time to Breakeven | 50 days | 79 days |
| Summer-Fall 2023 Five Percent Yield Shock | ||
| % Loss | -32.6% | -9.5% |
| % Gain to Breakeven | 48.4% | 10.5% |
| Time to Breakeven | 107 days | 24 days |
| 2022 Inflation Shock & Fed Tightening | ||
| % Loss | -42.0% | -24.5% |
| % Gain to Breakeven | 72.5% | 32.4% |
| Time to Breakeven | 662 days | 427 days |
In The Past
GPGI's stock fell -29.4% during the 2025 US Tariff Shock. Such a loss loss requires a 41.7% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth.
Asset Allocation
Actively managed asset allocation strategies protect wealth. Learn more.
About GPGI (GPGI)
CompoSecure, Inc. (GPGI) is a long-standing company specializing in the design and manufacture of high-quality financial transaction cards. While offering plastic and composite ID cards, the company is particularly known for its proprietary metal card technology, providing various form factors such as embedded, metal veneer lite, metal veneer, and full metal products.
Beyond traditional payment cards, CompoSecure has expanded into the digital asset security space with its innovative Arculus Cold Storage Wallet. This solution combines a physical Arculus Key card hardware device with a companion Arculus Wallet mobile application, offering a robust three-factor authentication system to securely store private keys for cryptocurrencies and other digital assets.
The company serves a diverse range of clients globally, including major financial institutions, plastic card manufacturers, government agencies, system integrators, and security specialists, leveraging its expertise in secure and sophisticated card technologies.
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Here are a few analogies for GPGI:
- They are the Tiffany & Co. for premium bank cards, designing and manufacturing the high-end metal credit cards issued by financial institutions.
- They are like Ledger or Trezor for cryptocurrency cold storage wallets, providing a secure hardware solution for digital assets.
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- Financial Transaction Cards: The company manufactures and designs metal, plastic, composite ID, and proprietary financial transaction cards.
- Arculus Cold Storage Wallet: This is a three-factor authentication solution comprising the Arculus Key card hardware device and companion Arculus Wallet mobile App for securely storing cryptocurrency and digital assets.
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Major Customers of GPGI (CompoSecure, Inc.)
GPGI (CompoSecure, Inc.) sells primarily to other companies. Based on the provided description, its major customers fall into the following categories:
- Financial institutions
- Plastic card manufacturers
- Government agencies
- System integrators
- Security specialists
The provided company description does not list specific names of customer companies or their public symbols.
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Thomas R. Knott, Principal Executive Officer
Mr. Knott was designated as GPGI's principal executive officer effective January 22, 2026. He also serves as the Chief Investment Officer and a board member for GPGI. Mr. Knott partnered with David Cote in the acquisition of Vertiv and has been involved with CompoSecure and Husky, suggesting a consistent approach to acquiring and growing businesses. He co-led the acquisition of majority ownership in CompoSecure through Resolute Holdings I, LP. This demonstrates a pattern of managing companies and involvement with acquisitions, often with private equity backing given Resolute Holdings Management, Inc.'s role in managing GPGI.
Kurt Schoen, Principal Financial Officer
Mr. Schoen was designated as GPGI's principal financial and accounting officer effective January 22, 2026. He also serves as the Chief Financial Officer of Resolute Holdings. His role with Resolute Holdings, which manages GPGI, Inc., indicates a pattern of managing companies backed by private equity firms.
Graham Robinson, President & Chief Executive Officer, CompoSecure, L.L.C.
Mr. Robinson was appointed President and Chief Executive Officer of the CompoSecure business (an indirect, wholly-owned subsidiary and reporting segment of GPGI) effective January 22, 2026. He is a 30-year industry veteran with extensive global executive experience in the technology and industrial sectors. Most recently, he served as Operating Executive for The Carlyle Group, a private equity firm, and was SVP & Global President of Stanley Black & Decker's Industrial business from 2020 to 2025. Prior to that, he held various leadership positions at Honeywell from 2013 to 2020. His experience includes a strong background in mergers and acquisitions. His background with The Carlyle Group demonstrates a pattern of managing companies backed by private equity firms.
Mary Holt, Chief Financial Officer, CompoSecure, L.L.C.
Ms. Holt was appointed Chief Financial Officer of CompoSecure, L.L.C., effective after the filing of the company's Q3 2025 Quarterly Report (around October 2025). She brings over three decades of financial leadership experience to CompoSecure. Most recently, she served as Senior Vice President of Finance Operations, Utilities and Power SBG at Warren Equity Partners, a private equity firm. Before that, she spent over 17 years at Honeywell in senior finance roles, including Chief Financial Officer positions in multiple divisions, and also held leadership positions at Pfizer and Arthur Andersen. Her experience with Warren Equity Partners indicates a pattern of managing companies backed by private equity firms.
Greg Maes, Chief Operating Officer, CompoSecure, L.L.C.
Mr. Maes serves as the Chief Operating Officer of CompoSecure, L.L.C.
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Here are the key risks to GPGI's business:
- Substantial Indebtedness and Financial Flexibility: GPGI carries substantial debt, which could limit its operational flexibility, restrict further borrowing, and expose the company to interest rate risk. Its ability to service this debt is dependent on continued strong cash flows. The recent approximately $4.976 billion acquisition of Husky Technologies was largely debt-supported.
- High Customer Concentration in the CompoSecure Segment: GPGI Inc.'s CompoSecure business, which manufactures metal payment cards and offers digital asset security solutions, relies heavily on a limited number of key customers. JPMorgan Chase and American Express, for example, comprise more than half of CompoSecure's net sales. The loss of one or more significant clients could materially impact the company's financial performance and lead to a decline in demand for its products.
- Evolving Regulatory Landscape and Technological Disruption in Digital Assets and Payment Solutions: GPGI faces risks from the rapidly changing regulatory environment surrounding digital assets, such as its Arculus Cold Storage Wallet, where uncertainties and potential changes in tax laws could impact its growth trajectory. Additionally, the payment and digital asset industries are characterized by rapid technological advancements and intense competition, requiring continuous investment in research and development to maintain its competitive edge against new market entrants and evolving consumer preferences.
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The increasing global adoption of digital and mobile payment solutions (e.g., Apple Pay, Google Pay, QR code payment systems) that reduce the necessity of physical financial transaction cards for many purchases.
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GPGI (CompoSecure, Inc.) operates in two primary addressable markets:
Metal Payment Cards
The global market size for metal payment cards was estimated at approximately USD 1.82 billion in 2024. This market is projected to grow significantly, reaching an estimated value of USD 8.93 billion by 2033, exhibiting a robust Compound Annual Growth Rate (CAGR) of 19.6% from 2025 to 2033.
Regionally, North America holds a dominant position in this market, accounting for over 38% of the global revenue in 2024.
Arculus Cold Storage Wallet (Cryptocurrency Cold Storage Wallets)
The global market size for crypto cold storage wallets was estimated at approximately USD 1.63 billion (USD 1634.5 million) in 2024. This market is forecast to increase to approximately USD 3.14 billion (USD 3144.8 million) by 2031, with a CAGR of 9.80% from 2024 to 2031.
North America constituted a significant portion of this market in 2024, holding more than 40% of the global revenue with a market size of USD 653.80 million.
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Expected Drivers of Future Revenue Growth for GPGI (CompoSecure, Inc.)
Over the next 2-3 years, GPGI (CompoSecure, Inc.) is expected to drive future revenue growth through several key initiatives:
- Sustained Domestic Demand for Metal Payment Cards: CompoSecure anticipates continued robust growth in its domestic metal payment card business. This segment has consistently demonstrated strong performance, with domestic net sales for metal payment cards increasing by 9% in Q4 2023. The company is a global leader in premium metal payment cards, maintaining relationships with top U.S. card issuers and a growing base of fintech customers. Approximately 75% of CompoSecure's revenue is recurring, stemming from replacement and reissue cycles, which underpins predictable future demand.
- Expansion of the Arculus Digital Authentication Platform: The Arculus digital authentication platform is a significant growth driver, having scaled in 2025 and becoming a growing contributor to revenue. Management expects Arculus to gain further momentum as fintech companies increasingly adopt its innovative technology for integrated security solutions and new card programs. Furthermore, Arculus Authenticate capabilities are being integrated with payment solutions, indicating potential for diversification.
- International Growth in Metal Payment Card Markets: CompoSecure is strategically focused on expanding its international presence in the metal payment card market. While international sales can be more variable, the company achieved an 11% increase in international net sales in 2024, reflecting successful market entry strategies. CompoSecure aims for international business to constitute approximately 20% of its total annual net sales mix.
- New Customer Acquisition and Program Expansions: The company's ability to continually secure new customer wins and expand existing programs with both traditional banks and fintech clients is a direct driver of revenue growth. CompoSecure has successfully launched several high-profile customer programs, including a new, limited edition payment card and the Robinhood Gold Card.
- Operational Efficiencies and Innovation in Card Constructions: While primarily impacting profitability, the implementation of the Resolute Operating System (ROS), also referred to as the CompoSecure Operating System (COS), is expected to drive operational efficiencies and improved production yields, particularly for new and innovative card constructions. These efficiencies can indirectly fuel revenue growth by enabling more competitive pricing, faster product development, and enhanced customer satisfaction, thereby leading to increased market share and adoption of their premium products. The ROS is designed to contribute to over 100 basis points of annual margin expansion and sustained double-digit EBITDA growth.
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CompoSecure, Inc., which rebranded as GPGI, Inc. and trades under the symbol GPGI, has made several capital allocation decisions over the last 3-5 years. The company's recent activities highlight a focus on strategic acquisitions and managing its capital structure.
Share Repurchases
- In February 2025, CompoSecure announced an expansion of its share repurchase program, authorizing up to $100 million in repurchases.
- By November 3, 2025, CompoSecure had repurchased approximately 648,000 shares for $12.2 million.
Share Issuance
- For the fiscal year ending December 31, 2025, financing activities generated $120.7 million, largely from the proceeds of equity issuance.
- In December 2025, CompoSecure's stockholders approved the issuance of Class A Common Stock to facilitate the business combination with Husky Technologies.
- Upon the close of the Husky acquisition in January 2026, the combined entity was capitalized by an existing over $1 billion equity investment from Mr. Cote, Platinum Equity's $1 billion of rolled equity from Husky, and approximately $2 billion from new private investment in public equity (PIPE). Additionally, holders exercised 18.8 million warrants for about $149.5 million in cash on November 3, 2025.
Inbound Investments
- The business combination with Husky Technologies, which ultimately led to the formation of GPGI, was partly funded by a private placement of approximately $2.0 billion and an equity rollover of about $1.0 billion from Platinum Equity.
- David Cote's investment in CompoSecure, made around 2024, has been cited as a factor in the company's operational improvements.
Outbound Investments
- In November 2025, CompoSecure announced its acquisition of Husky Technologies Limited for approximately $5 billion. This transaction closed in January 2026 and led to CompoSecure rebranding as GPGI, Inc. The combined entity was valued at approximately $7.4 billion.
- CompoSecure completed the spin-off of its subsidiary, Resolute Holdings Management, Inc. (RHLD), into a separate public company on February 28, 2025.
Capital Expenditures
- As of November 2025, capital expenditures for CompoSecure Holdings (which includes Husky post-acquisition) were forecasted to be 3%-4% of revenue.
Peer Outperformance in Industrial Machinery & Supplies & Components
GPGI has outperformed 54% of its 71 Industrial Machinery & Supplies & Components peers over 5Y. Industrial Machinery & Supplies & Components ranks 7th of 23 industries in Industrials by median 5Y return.
Share of Industrial Machinery & Supplies & Components constituents that GPGI has outperformed, by holding period. Peers without a full price history over a given window are excluded from that window.
1Y
14%
of 76 industry peers · -39.4% return
3Y
80%
of 74 industry peers · 136.3% return
5Y
54%
of 71 industry peers · 56.3% return
No Industrial Machinery & Supplies & Components peer with a comparable growth profile has beaten GPGI by more than 20pp over 5Y.
Median price return by industry across the Industrials sector, ranked by 5Y. Industrial Machinery & Supplies & Components is GPGI's own industry. Use this to see which corners of the sector have carried the returns.
| Industry | Names | 1Y med | 3Y med | 5Y med | Top 3 by 5Y |
|---|---|---|---|---|---|
| Construction & Engineering | 31 | 7.0% | 104.6% | 189.6% | FIX 2338% · STRL 2296% · CDNL 2275% |
| Marine Transportation | 5 | 88.1% | 65.8% | 180.5% | HOS 44163% · MATX 208% · SFL 181% |
| Construction Machinery & Heavy Transportation Equipment | 13 | 11.7% | 58.9% | 128.8% | CAT 364% · ALSN 258% · WAB 236% |
| Aerospace & Defense | 55 | -6.5% | 68.9% | 75.0% | ATI 1076% · FTAI 1008% · HWM 661% |
| Rail Transportation | 7 | 29.3% | 58.4% | 59.0% | FSTR 147% · CSX 70% · RAIL 69% |
| Trading Companies & Distributors | 19 | 4.3% | 37.2% | 50.9% | DXPE 581% · AIT 305% · WCC 222% |
| Industrial Machinery & Supplies & Components ← | 72 | 9.1% | 51.5% | 43.2% | CRS 1278% · PSIX 1091% · EROC 652% |
| Diversified Support Services | 33 | 13.4% | 34.2% | 36.0% | LIME 3498% · TH 459% · WLFC 363% |
| Passenger Ground Transportation | 3 | -28.4% | 46.2% | 31.6% | UBER 59% · CAR 32% · LYFT -72% |
| Cargo Ground Transportation | 16 | 34.4% | 2.3% | 27.6% | R 251% · XPO 242% · CVLG 163% |
| Electrical Components & Equipment | 41 | 3.4% | 58.5% | 24.2% | POWL 2383% · BE 1333% · VRT 958% |
| Building Products | 33 | -14.7% | 3.4% | 20.0% | LMB 728% · GFF 398% · PPIH 301% |
| Industrial Conglomerates | 17 | 7.9% | 6.5% | 7.9% | RCMT 524% · CSW 142% · DD 76% |
| Agricultural & Farm Machinery | 17 | 6.4% | 4.5% | -2.4% | BLBD 214% · DE 117% · GENC 58% |
| Environmental & Facilities Services | 29 | -11.1% | 24.2% | -7.2% | CECO 929% · ADUR 404% · NVRI 376% |
| Research & Consulting Services | 13 | -12.7% | -22.8% | -10.5% | HURN 219% · CRAI 92% · GRNQ 67% |
| Data Processing & Outsourced Services | 6 | -33.4% | -14.8% | -24.6% | EXLS 46% · BR 10% · G -23% |
| Passenger Airlines | 11 | 3.2% | 13.3% | -27.7% | LTM 3169% · UAL 145% · SKYW 113% |
| Office Services & Supplies | 9 | 7.4% | 12.6% | -32.7% | PBI 202% · TILE 148% · HNI 51% |
| Human Resource & Employment Services | 22 | 6.5% | -15.5% | -36.3% | BBSI 89% · ADP 54% · PAYX 25% |
| Air Freight & Logistics | 12 | -18.0% | -19.7% | -39.1% | CHRW 97% · EXPD 67% · FDX 66% |
| Security & Alarm Services | 10 | -37.7% | 22.8% | -44.9% | CIX 157% · MG 128% · BCO 68% |
| Airport Services | 3 | -75.1% | -78.7% | -61.9% | JOBY -35% · ASLE -62% · UP -100% |
Median of constituents with a full price history over each window. Top names are unfiltered by size in this render.
Latest Trefis Analyses
| Title | Date | |
|---|---|---|
| DASHBOARDS | ||
| GPGI Stock (-12%): Short Report on Husky Deal Triggers Sell-Off | 03/07/2026 |
| Title | |
|---|---|
| ARTICLES |
Research & Analysis
Invest in Strategies
Wealth Management
Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 36.65 |
| Mkt Cap | 9.9 |
| Rev LTM | 4,443 |
| Op Inc LTM | 1,129 |
| FCF LTM | 1,083 |
| FCF 3Y Avg | 851 |
| CFO LTM | 1,669 |
| CFO 3Y Avg | 1,270 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 16.7% |
| Rev Chg 3Y Avg | 0.2% |
| Rev Chg Q | 8.6% |
| QoQ Delta Rev Chg LTM | 1.9% |
| Op Inc Chg LTM | 51.3% |
| Op Inc Chg 3Y Avg | 48.7% |
| Op Mgn LTM | 33.0% |
| Op Mgn 3Y Avg | 24.9% |
| QoQ Delta Op Mgn LTM | -0.2% |
| CFO/Rev LTM | 43.5% |
| CFO/Rev 3Y Avg | 42.2% |
| FCF/Rev LTM | 23.7% |
| FCF/Rev 3Y Avg | 18.8% |
Segment Financials
Revenue by Segment| $ Mil | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Equity Method Investment in CompoSecure Holdings, LLC | 402 | ||||
| Corporate | 60 | ||||
| Elimination of Unconsolidated Affiliate | -402 | ||||
| All others | 0 | 0 | 0 | ||
| Arculus | 11 | 2 | 1 | ||
| Payment card | 410 | 389 | 377 | ||
| Single Segment | 268 | ||||
| Total | 60 | 421 | 391 | 378 | 268 |
| $ Mil | 2025 |
|---|---|
| Equity Method Investment in CompoSecure Holdings, LLC | 136 |
| Corporate | -14 |
| Elimination of Unconsolidated Affiliate | -136 |
| Total | -14 |
| $ Mil | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|
| Equity Method Investment in CompoSecure Holdings, LLC | 129 | |||
| Elimination of Unconsolidated Affiliate | -129 | |||
| Corporate | -265 | |||
| All others | -199 | 2 | 21 | |
| Arculus | -5 | -15 | -22 | |
| Payment card | 120 | 126 | 133 | |
| Total | -265 | -83 | 113 | 132 |
| $ Mil | 2025 | 2024 | 2023 |
|---|---|---|---|
| Corporate | 517 | ||
| Equity Method Investment in CompoSecure Holdings, LLC | 324 | ||
| Elimination of Unconsolidated Affiliate | -324 | ||
| All others | 272 | 28 | |
| Arculus | 6 | 3 | |
| Eliminations | -36 | -13 | |
| Payment card | 233 | 182 | |
| Total | 517 | 474 | 201 |
Price Behavior
Price Behavior
| Market Price | $11.98 | |
| Market Cap ($ Bil) | 3.5 | |
| First Trading Date | 01/23/2026 | |
| Distance from 52W High | -53.9% | |
| 50 Days | 200 Days | |
| DMA Price | $13.71 | $17.03 |
| DMA Trend | down | down |
| Distance from DMA | -12.6% | -29.6% |
| 3M | 1YR | |
| Volatility | 58.8% | 61.4% |
| Downside Capture | 367.64 | 289.68 |
| Upside Capture | 233.92 | 183.10 |
| Correlation (SPY) | 50.1% | 45.0% |
GPGI Betas & Captures as of 8/31/2026
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | 3.45 | 3.02 | 2.40 | 2.70 | 2.07 | 1.33 |
| Up Beta | 5.37 | 3.04 | 3.93 | 3.19 | 2.78 | 1.42 |
| Down Beta | 0.48 | 2.65 | 0.37 | 1.08 | 1.22 | 1.01 |
| Up Capture | 218% | 200% | 333% | 288% | 240% | 396% |
| Bmk +ve Days | 10 | 21 | 32 | 68 | 138 | 427 |
| Stock +ve Days | 7 | 16 | 29 | 57 | 116 | 372 |
| Down Capture | 339% | 394% | 218% | 256% | 170% | 108% |
| Bmk -ve Days | 11 | 21 | 32 | 59 | 113 | 324 |
| Stock -ve Days | 13 | 25 | 33 | 68 | 131 | 361 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with GPGI | |
|---|---|---|---|---|
| GPGI | -39.1% | 61.1% | -0.56 | - |
| Sector ETF (XLI) | 13.5% | 17.2% | 0.57 | 45.0% |
| Equity (SPY) | 16.9% | 12.9% | 0.94 | 45.2% |
| Gold (GLD) | 19.1% | 29.3% | 0.60 | 18.3% |
| Commodities (DBC) | 46.3% | 20.6% | 1.73 | -25.8% |
| Real Estate (VNQ) | 4.9% | 13.6% | 0.10 | 24.9% |
| Bitcoin (BTCUSD) | -30.6% | 44.3% | -0.70 | 21.4% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with GPGI | |
|---|---|---|---|---|
| GPGI | 9.4% | 52.4% | 0.36 | - |
| Sector ETF (XLI) | 12.4% | 17.6% | 0.54 | 29.3% |
| Equity (SPY) | 12.9% | 17.2% | 0.57 | 30.7% |
| Gold (GLD) | 19.1% | 18.8% | 0.83 | 9.1% |
| Commodities (DBC) | 11.2% | 19.5% | 0.45 | -1.0% |
| Real Estate (VNQ) | 1.1% | 18.8% | -0.05 | 18.4% |
| Bitcoin (BTCUSD) | 12.5% | 52.5% | 0.42 | 18.5% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with GPGI | |
|---|---|---|---|---|
| GPGI | 4.9% | 48.8% | 0.34 | - |
| Sector ETF (XLI) | 13.1% | 20.1% | 0.57 | 27.9% |
| Equity (SPY) | 15.1% | 18.0% | 0.72 | 29.8% |
| Gold (GLD) | 12.1% | 16.4% | 0.61 | 8.6% |
| Commodities (DBC) | 8.3% | 18.1% | 0.37 | -0.8% |
| Real Estate (VNQ) | 4.4% | 20.7% | 0.18 | 17.7% |
| Bitcoin (BTCUSD) | 62.6% | 66.2% | 1.02 | 16.2% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Earnings Returns History
Updated 9/9/2026| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 8/6/2026 | -1.6% | -12.7% | -8.3% |
| 5/7/2026 | -25.9% | -30.5% | -31.9% |
| 3/12/2026 | -11.1% | -10.1% | -18.0% |
| 11/3/2025 | 3.4% | 4.2% | -0.5% |
| 8/7/2025 | 21.7% | 35.1% | 34.7% |
| 5/12/2025 | 3.3% | 4.1% | 15.6% |
| 3/5/2025 | -3.8% | -8.7% | -11.6% |
| 11/8/2024 | -10.8% | -10.8% | 2.3% |
| ... | |||
| SUMMARY STATS | |||
| # Positive | 9 | 9 | 8 |
| # Negative | 10 | 10 | 11 |
| Median Positive | 8.5% | 5.2% | 11.6% |
| Median Negative | -6.6% | -9.9% | -9.9% |
| Max Positive | 29.2% | 47.4% | 57.0% |
| Max Negative | -25.9% | -30.5% | -31.9% |
| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 8/6/2026 | -1.6% | -12.7% | -8.3% |
| 5/7/2026 | -25.9% | -30.5% | -31.9% |
| 3/12/2026 | -11.1% | -10.1% | -18.0% |
| 11/3/2025 | 3.4% | 4.2% | -0.5% |
| 8/7/2025 | 21.7% | 35.1% | 34.7% |
| 5/12/2025 | 3.3% | 4.1% | 15.6% |
| 3/5/2025 | -3.8% | -8.7% | -11.6% |
| 11/8/2024 | -10.8% | -10.8% | 2.3% |
| 8/7/2024 | 29.2% | 47.4% | 57.0% |
| 5/6/2024 | 3.9% | -9.7% | -9.9% |
| 3/6/2024 | 26.0% | 27.7% | 46.2% |
| 11/9/2023 | -9.0% | -3.0% | -13.3% |
| 8/14/2023 | -0.3% | -3.1% | -6.0% |
| 5/3/2023 | -5.1% | -2.3% | -8.5% |
| 3/1/2023 | -5.3% | 3.1% | 7.5% |
| 11/2/2022 | 8.1% | 0.2% | 3.7% |
| 8/4/2022 | 8.5% | 5.2% | -2.3% |
| 5/9/2022 | -7.8% | -11.3% | -10.9% |
| 3/10/2022 | 13.9% | 13.7% | 0.8% |
| SUMMARY STATS | |||
| # Positive | 9 | 9 | 8 |
| # Negative | 10 | 10 | 11 |
| Median Positive | 8.5% | 5.2% | 11.6% |
| Median Negative | -6.6% | -9.9% | -9.9% |
| Max Positive | 29.2% | 47.4% | 57.0% |
| Max Negative | -25.9% | -30.5% | -31.9% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 06/30/2026 | 08/06/2026 | 10-Q |
| 03/31/2026 | 05/07/2026 | 10-Q |
| 12/31/2025 | 03/12/2026 | 10-K |
| 09/30/2025 | 11/03/2025 | 10-Q |
| 06/30/2025 | 08/07/2025 | 10-Q |
| 03/31/2025 | 05/12/2025 | 10-Q |
| 12/31/2024 | 03/05/2025 | 10-K |
| 09/30/2024 | 11/08/2024 | 10-Q |
| 06/30/2024 | 08/09/2024 | 10-Q |
| 03/31/2024 | 05/06/2024 | 10-Q |
| 12/31/2023 | 03/12/2024 | 10-K |
| 09/30/2023 | 11/13/2023 | 10-Q |
| 06/30/2023 | 08/14/2023 | 10-Q |
| 03/31/2023 | 05/05/2023 | 10-Q |
| 12/31/2022 | 03/10/2023 | 10-K |
| 09/30/2022 | 11/04/2022 | 10-Q |
| Report Date | Filing Date | Filing |
|---|---|---|
| 06/30/2026 | 08/06/2026 | 10-Q |
| 03/31/2026 | 05/07/2026 | 10-Q |
| 12/31/2025 | 03/12/2026 | 10-K |
| 09/30/2025 | 11/03/2025 | 10-Q |
| 06/30/2025 | 08/07/2025 | 10-Q |
| 03/31/2025 | 05/12/2025 | 10-Q |
| 12/31/2024 | 03/05/2025 | 10-K |
| 09/30/2024 | 11/08/2024 | 10-Q |
| 06/30/2024 | 08/09/2024 | 10-Q |
| 03/31/2024 | 05/06/2024 | 10-Q |
| 12/31/2023 | 03/12/2024 | 10-K |
| 09/30/2023 | 11/13/2023 | 10-Q |
| 06/30/2023 | 08/14/2023 | 10-Q |
| 03/31/2023 | 05/05/2023 | 10-Q |
| 12/31/2022 | 03/10/2023 | 10-K |
| 09/30/2022 | 11/04/2022 | 10-Q |
| 06/30/2022 | 08/09/2022 | 10-Q |
| 03/31/2022 | 05/10/2022 | 10-Q |
| 12/31/2021 | 03/14/2022 | 10-K |
Recent Forward Guidance
Updated 8/7/2026Latest: Q2 2026 Earnings Reported 8/6/2026
| Forward Guidance | Guidance Change | |||||||
|---|---|---|---|---|---|---|---|---|
| Metric | Source | Low | Mid | High | % Chg | % Delta | Change | Prior |
| 2026 Non-GAAP year-end Net LTM Leverage | Reported | 3 | 0 | Affirmed | Guidance: 3 for 2026 | |||
| 2026 Pro Forma Adjusted Net Sales | Reported | 1.95 Bil | 2.02 Bil | 2.10 Bil | 0 | Affirmed | Guidance: 2.02 Bil for 2026 | |
| 2026 Pro Forma Adjusted EBITDA | Reported | 550.00 Mil | 580.00 Mil | 610.00 Mil | 0 | Affirmed | Guidance: 580.00 Mil for 2026 | |
| 2026 Pro Forma Adjusted Free Cash Flow | Reported | 275.00 Mil | 300.00 Mil | 325.00 Mil | 0 | Affirmed | Guidance: 300.00 Mil for 2026 | |
Prior: Q1 2026 Earnings Reported 5/7/2026
| Forward Guidance | Guidance Change | |||||||
|---|---|---|---|---|---|---|---|---|
| Metric | Source | Low | Mid | High | % Chg | % Delta | Change | Prior |
| Q2 2026 Adjusted Net Sales | Reported | 425.00 Mil | 450.00 Mil | 475.00 Mil | ||||
| Q2 2026 Adjusted EBITDA | Reported | 105.00 Mil | 112.50 Mil | 120.00 Mil | ||||
| 2026 Non-GAAP year-end Net LTM Leverage | Reported | 3 | 0.0% | Affirmed | Guidance: 3 for 2026 | |||
| 2026 Pro Forma Adjusted Net Sales | Reported | 1.95 Bil | 2.02 Bil | 2.10 Bil | -8.2% | Lowered | Guidance: 2.21 Bil for 2026 | |
| 2026 Pro Forma Adjusted EBITDA | Reported | 550.00 Mil | 580.00 Mil | 610.00 Mil | -8.7% | Lowered | Guidance: 635.00 Mil for 2026 | |
| 2026 Pro Forma Adjusted Free Cash Flow | Reported | 275.00 Mil | 300.00 Mil | 325.00 Mil | -14.3% | Lowered | Guidance: 350.00 Mil for 2026 | |
Q4 2025 Earnings Reported 3/12/2026
| Forward Guidance | Guidance Change | |||||||
|---|---|---|---|---|---|---|---|---|
| Metric | Source | Low | Mid | High | % Chg | % Delta | Change | Prior |
| 2026 Non-GAAP Year-end Net LTM Leverage | Reported | 3 | ||||||
| 2026 Pro Forma Adj. Net Sales | Reported | 2.18 Bil | 2.21 Bil | 2.23 Bil | 332.5% | Raised | Guidance: 510.00 Mil for 2026 | |
| 2026 Pro Forma Adj. EBITDA | Reported | 620.00 Mil | 635.00 Mil | 650.00 Mil | 234.2% | Raised | Guidance: 190.00 Mil for 2026 | |
| 2026 Pro Forma Adj. Free Cash Flow | Reported | 325.00 Mil | 350.00 Mil | 375.00 Mil | ||||
Q3 2025 Earnings Reported 11/3/2025
| Forward Guidance | Guidance Change | |||||||
|---|---|---|---|---|---|---|---|---|
| Metric | Source | Low | Mid | High | % Chg | % Delta | Change | Prior |
| 2025 Non-GAAP Net Sales | Reported | 463.00 Mil | 1.8% | Raised | Guidance: 455.00 Mil for 2025 | |||
| 2025 Non-GAAP Pro Forma Adjusted EBITDA | Reported | 165.00 Mil | 167.50 Mil | 170.00 Mil | 6.0% | Raised | Guidance: 158.00 Mil for 2025 | |
| 2026 Non-GAAP Net Sales | Reported | 510.00 Mil | ||||||
| 2026 Non-GAAP Net Sales Growth | Reported | 10.0% | ||||||
| 2026 Non-GAAP Pro Forma Adjusted EBITDA | Reported | 190.00 Mil | ||||||
| 2026 Non-GAAP Pro Forma Adjusted EBITDA Growth | Reported | 12.0% | 13.5% | 15.0% | ||||
Insider Activity
Updated 6/15/2026| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Knott, Thomas R | See remarks | Direct | Buy | 6152026 | 11.67 | 85,250 | 994,868 | 1,508,348 | Form |
| 2 | Moriarty, Kevin M | Direct | Buy | 5282026 | 12.64 | 3,956 | 50,000 | 897,576 | Form | |
| 3 | Loree, Rebecca Corbin | Direct | Buy | 5142026 | 12.87 | 3,925 | 50,515 | 813,641 | Form | |
| 4 | Thompson, Jane J | Direct | Sell | 3182026 | 16.91 | 13,667 | 231,109 | 1,417,278 | Form | |
| 5 | Thompson, Jane J | Direct | Sell | 3182026 | 16.91 | 13,667 | 231,109 | 1,417,278 | Form |
| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Knott, Thomas R | See remarks | Direct | Buy | 6152026 | 11.67 | 85,250 | 994,868 | 1,508,348 | Form |
| 2 | Moriarty, Kevin M | Direct | Buy | 5282026 | 12.64 | 3,956 | 50,000 | 897,576 | Form | |
| 3 | Loree, Rebecca Corbin | Direct | Buy | 5142026 | 12.87 | 3,925 | 50,515 | 813,641 | Form | |
| 4 | Thompson, Jane J | Direct | Sell | 3182026 | 16.91 | 13,667 | 231,109 | 1,417,278 | Form | |
| 5 | Thompson, Jane J | Direct | Sell | 3182026 | 16.91 | 13,667 | 231,109 | 1,417,278 | Form | |
| 6 | Schoen, Kurt | See remarks | Direct | Buy | 3182026 | 17.00 | 3,000 | 51,000 | 51,000 | Form |
| 7 | Cote, John D | Spouse | Buy | 3182026 | 17.10 | 5,800 | 99,180 | 99,180 | Form | |
| 8 | Knott, Thomas R | See remarks | Direct | Buy | 3182026 | 17.08 | 44,000 | 751,520 | 751,520 | Form |
| 9 | Loree, Rebecca Corbin | Direct | Buy | 9022025 | 19.09 | 5,240 | 100,007 | 100,007 | Form | |
| 10 | Maes, Gregoire | Chief Operating Officer | Direct | Sell | 8152025 | 19.36 | 97,226 | 1,882,295 | 15,082,640 | Form |
| 11 | Maes, Gregoire | Chief Operating Officer | Direct | Sell | 8152025 | 19.26 | 19,899 | 383,255 | 15,004,734 | Form |
| 12 | Gourbault, Amanda Mandy | Chief Revenue Officer | Direct | Sell | 8142025 | 19.02 | 85,365 | 1,623,642 | 15,209,685 | Form |
| 13 | Moriarty, Kevin M | Direct | Buy | 8132025 | 19.28 | 13,000 | 250,640 | 250,640 | Form | |
| 14 | Fitzsimmons, Timothy Walter | Chief Financial Officer | Direct | Sell | 8132025 | 18.74 | 100,000 | 1,874,000 | 14,238,446 | Form |
Investor Activity (13F)
Updated Sep 21, 202613F holdings as of Mar 31, 2026 (Q1 2026)
Active managers (13F portfolio over $250M, at least 3 holdings) with a position over $5M that is either over 10% of their portfolio or held in a concentrated book of 50 or fewer total positions. Index/ETF, sovereign, bank, community-bank and charitable/donor-advised filers are excluded.
| Active Manager | Value | % of Portfolio | Total Positions | QoQ | Filing |
|---|---|---|---|---|---|
| Corsair Capital Management, L.P. | $144.8 Mil | 21.5% | 151 | ADD +101.7% | 13F |
| Nine Ten Capital Management LLC | $49.7 Mil | 15.8% | 8 | ADD +20.1% | 13F |
| Bleichroeder LP | $67.9 Mil | 11.7% | 81 | Hold | 13F |
| Locust Wood Capital Advisers, LLC | $235.7 Mil | 6.4% | 27 | ADD +55.5% | 13F |
| Tikvah Management LLC | $17.3 Mil | 5.3% | 21 | TRIM -32.9% | 13F |
| Chescapmanager LLC | $18.2 Mil | 2.9% | 20 | ADD +128.8% | 13F |
| BWCP, LP | $18.1 Mil | 2.8% | 27 | New | 13F |
| Starboard Value LP | $86.0 Mil | 1.9% | 23 | New | 13F |
| Active Manager | Value | % of Portfolio | Total Positions | QoQ | Filing |
|---|---|---|---|---|---|
| Starboard Value LP | $86.0 Mil | 1.9% | 23 | New | 13F |
| BWCP, LP | $18.1 Mil | 2.8% | 27 | New | 13F |
| Chescapmanager LLC | $18.2 Mil | 2.9% | 20 | ADD +128.8% | 13F |
| Corsair Capital Management, L.P. | $144.8 Mil | 21.5% | 151 | ADD +101.7% | 13F |
| Locust Wood Capital Advisers, LLC | $235.7 Mil | 6.4% | 27 | ADD +55.5% | 13F |
| Nine Ten Capital Management LLC | $49.7 Mil | 15.8% | 8 | ADD +20.1% | 13F |
| Active Manager | Value | % of Portfolio | Total Positions | QoQ | Filing |
|---|---|---|---|---|---|
| Locust Wood Capital Advisers, LLC | $235.7 Mil | 6.4% | 27 | ADD +55.5% | 13F |
| Corsair Capital Management, L.P. | $144.8 Mil | 21.5% | 151 | ADD +101.7% | 13F |
| Starboard Value LP | $86.0 Mil | 1.9% | 23 | New | 13F |
| Bleichroeder LP | $67.9 Mil | 11.7% | 81 | Hold | 13F |
| Nine Ten Capital Management LLC | $49.7 Mil | 15.8% | 8 | ADD +20.1% | 13F |
| Chescapmanager LLC | $18.2 Mil | 2.9% | 20 | ADD +128.8% | 13F |
| BWCP, LP | $18.1 Mil | 2.8% | 27 | New | 13F |
| Tikvah Management LLC | $17.3 Mil | 5.3% | 21 | TRIM -32.9% | 13F |
Industry Resources
| Industrials Resources |
| IndustryWeek |
| Manufacturing.net |
| Aviation Week |
| Industrial Machinery & Supplies & Components Resources |
| Machine Design |
| Modern Machine Shop |
| Industrial Equipment News (IEN) |
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| FinViz |
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Core Cache Last Updated: 9/20/2026