Not the way it's used in Stable Diffusion models. Compressed data can be decompressed knowing only the decompression algorithm. To recover data from a stable diffusion model, you need to know the algorithm and the prompt.
A critical part of the information _isn't_ in the data you decompress, it has to come from you. (And this isn't that relevant, but it would be lossy, perceptual compression like jpeg or mp3, not lossless compression like Huffman or Arithmetic coding.)