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Side-by-side financial comparison of FORUM ENERGY TECHNOLOGIES, INC. (FET) and Fossil Group, Inc. (FOSL). Click either name above to swap in a different company.

Fossil Group, Inc. is the larger business by last-quarter revenue ($270.2M vs $202.2M, roughly 1.3× FORUM ENERGY TECHNOLOGIES, INC.). FORUM ENERGY TECHNOLOGIES, INC. runs the higher net margin — 1.0% vs -14.8%, a 15.8% gap on every dollar of revenue. On growth, FORUM ENERGY TECHNOLOGIES, INC. posted the faster year-over-year revenue change (0.6% vs -21.1%). FORUM ENERGY TECHNOLOGIES, INC. produced more free cash flow last quarter ($20.9M vs $-22.5M). Over the past eight quarters, FORUM ENERGY TECHNOLOGIES, INC.'s revenue compounded faster (-0.0% CAGR vs -11.4%).

Forum Energy Technologies is an American oilfield products company that provides products and services to the oil and gas, and renewable industries worldwide.

Fossil Group, Inc., is an American fashion design and manufacturer founded in 1984 by Tom Kartsotis and based in Richardson, Texas. Their brands include Fossil, Relic, Michele Watch, Skagen Denmark, WSI, and Zodiac Watches. Fossil also makes licensed accessories for brands such as BMW, Puma, Emporio Armani, Michael Kors, DKNY, Diesel, Kate Spade New York, Tory Burch, Chaps, and Armani Exchange.

FET vs FOSL — Head-to-Head

Bigger by revenue
FOSL
FOSL
1.3× larger
FOSL
$270.2M
$202.2M
FET
Growing faster (revenue YoY)
FET
FET
+21.7% gap
FET
0.6%
-21.1%
FOSL
Higher net margin
FET
FET
15.8% more per $
FET
1.0%
-14.8%
FOSL
More free cash flow
FET
FET
$43.4M more FCF
FET
$20.9M
$-22.5M
FOSL
Faster 2-yr revenue CAGR
FET
FET
Annualised
FET
-0.0%
-11.4%
FOSL

Income Statement — Q4 FY2025 vs Q3 FY2025

Metric
FET
FET
FOSL
FOSL
Revenue
$202.2M
$270.2M
Net Profit
$2.1M
$-40.0M
Gross Margin
30.2%
49.0%
Operating Margin
6.3%
-8.0%
Net Margin
1.0%
-14.8%
Revenue YoY
0.6%
-21.1%
Net Profit YoY
102.0%
-257.8%
EPS (diluted)
$0.25
$-0.76

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
FET
FET
FOSL
FOSL
Q4 25
$202.2M
$270.2M
Q3 25
$196.2M
$220.4M
Q2 25
$199.8M
$233.3M
Q1 25
$193.3M
Q4 24
$201.0M
$342.3M
Q3 24
$207.8M
$287.8M
Q2 24
$205.2M
$260.0M
Q1 24
$202.4M
$254.9M
Net Profit
FET
FET
FOSL
FOSL
Q4 25
$2.1M
$-40.0M
Q3 25
$-20.6M
$-2.1M
Q2 25
$7.7M
$-17.9M
Q1 25
$1.1M
Q4 24
$-103.5M
$-11.2M
Q3 24
$-14.8M
$-31.9M
Q2 24
$-6.7M
$-38.8M
Q1 24
$-10.3M
$-24.3M
Gross Margin
FET
FET
FOSL
FOSL
Q4 25
30.2%
49.0%
Q3 25
20.5%
57.5%
Q2 25
29.7%
61.3%
Q1 25
30.2%
Q4 24
31.1%
53.9%
Q3 24
31.6%
49.4%
Q2 24
30.7%
52.6%
Q1 24
31.5%
52.4%
Operating Margin
FET
FET
FOSL
FOSL
Q4 25
6.3%
-8.0%
Q3 25
-3.1%
3.9%
Q2 25
7.4%
-2.9%
Q1 25
4.6%
Q4 24
-53.1%
-4.8%
Q3 24
4.3%
-8.5%
Q2 24
3.9%
-13.1%
Q1 24
1.6%
-11.5%
Net Margin
FET
FET
FOSL
FOSL
Q4 25
1.0%
-14.8%
Q3 25
-10.5%
-1.0%
Q2 25
3.9%
-7.7%
Q1 25
0.6%
Q4 24
-51.5%
-3.3%
Q3 24
-7.1%
-11.1%
Q2 24
-3.3%
-14.9%
Q1 24
-5.1%
-9.5%
EPS (diluted)
FET
FET
FOSL
FOSL
Q4 25
$0.25
$-0.76
Q3 25
$-1.76
$-0.04
Q2 25
$0.61
$-0.33
Q1 25
$0.09
Q4 24
$-8.41
$-0.15
Q3 24
$-1.20
$-0.60
Q2 24
$-0.54
$-0.73
Q1 24
$-0.85
$-0.46

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
FET
FET
FOSL
FOSL
Cash + ST InvestmentsLiquidity on hand
$34.7M
$79.2M
Total DebtLower is stronger
$135.9M
$169.1M
Stockholders' EquityBook value
$291.1M
$112.6M
Total Assets
$752.5M
$701.0M
Debt / EquityLower = less leverage
0.47×
1.50×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FET
FET
FOSL
FOSL
Q4 25
$34.7M
$79.2M
Q3 25
$31.7M
$109.9M
Q2 25
$39.0M
$78.3M
Q1 25
$31.1M
Q4 24
$44.7M
$123.6M
Q3 24
$33.3M
$106.3M
Q2 24
$31.8M
$104.9M
Q1 24
$48.5M
$112.9M
Total Debt
FET
FET
FOSL
FOSL
Q4 25
$135.9M
$169.1M
Q3 25
$140.0M
$165.6M
Q2 25
$159.3M
$167.2M
Q1 25
$171.4M
Q4 24
$188.4M
$162.7M
Q3 24
$231.5M
$173.4M
Q2 24
$252.9M
$156.5M
Q1 24
$287.5M
$202.9M
Stockholders' Equity
FET
FET
FOSL
FOSL
Q4 25
$291.1M
$112.6M
Q3 25
$297.3M
$150.3M
Q2 25
$334.2M
$140.6M
Q1 25
$320.0M
Q4 24
$319.9M
$148.7M
Q3 24
$443.5M
$164.4M
Q2 24
$442.0M
$189.6M
Q1 24
$446.2M
$229.1M
Total Assets
FET
FET
FOSL
FOSL
Q4 25
$752.5M
$701.0M
Q3 25
$770.1M
$704.5M
Q2 25
$810.1M
$686.0M
Q1 25
$790.1M
Q4 24
$816.0M
$763.6M
Q3 24
$973.7M
$812.4M
Q2 24
$976.8M
$785.7M
Q1 24
$1.0B
$891.0M
Debt / Equity
FET
FET
FOSL
FOSL
Q4 25
0.47×
1.50×
Q3 25
0.47×
1.10×
Q2 25
0.48×
1.19×
Q1 25
0.54×
Q4 24
0.59×
1.09×
Q3 24
0.52×
1.06×
Q2 24
0.57×
0.83×
Q1 24
0.64×
0.89×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
FET
FET
FOSL
FOSL
Operating Cash FlowLast quarter
$22.4M
$-22.2M
Free Cash FlowOCF − Capex
$20.9M
$-22.5M
FCF MarginFCF / Revenue
10.3%
-8.3%
Capex IntensityCapex / Revenue
0.8%
0.1%
Cash ConversionOCF / Net Profit
10.83×
TTM Free Cash FlowTrailing 4 quarters
$64.4M
$-46.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FET
FET
FOSL
FOSL
Q4 25
$22.4M
$-22.2M
Q3 25
$22.9M
$9.4M
Q2 25
$15.8M
$-60.4M
Q1 25
$9.3M
Q4 24
$38.5M
$30.5M
Q3 24
$25.6M
$-22.8M
Q2 24
$23.1M
$38.4M
Q1 24
$5.0M
$622.0K
Free Cash Flow
FET
FET
FOSL
FOSL
Q4 25
$20.9M
$-22.5M
Q3 25
$21.5M
$8.6M
Q2 25
$14.8M
$-60.6M
Q1 25
$7.2M
Q4 24
$36.1M
$28.5M
Q3 24
$24.3M
$-24.1M
Q2 24
$21.6M
$36.6M
Q1 24
$2.1M
$-1.1M
FCF Margin
FET
FET
FOSL
FOSL
Q4 25
10.3%
-8.3%
Q3 25
10.9%
3.9%
Q2 25
7.4%
-26.0%
Q1 25
3.7%
Q4 24
18.0%
8.3%
Q3 24
11.7%
-8.4%
Q2 24
10.5%
14.1%
Q1 24
1.0%
-0.4%
Capex Intensity
FET
FET
FOSL
FOSL
Q4 25
0.8%
0.1%
Q3 25
0.7%
0.4%
Q2 25
0.5%
0.1%
Q1 25
1.1%
Q4 24
1.2%
0.6%
Q3 24
0.6%
0.4%
Q2 24
0.7%
0.7%
Q1 24
1.4%
0.7%
Cash Conversion
FET
FET
FOSL
FOSL
Q4 25
10.83×
Q3 25
Q2 25
2.05×
Q1 25
8.31×
Q4 24
Q3 24
Q2 24
Q1 24

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

FET
FET

Drilling And Completions Segment$127.2M63%
Artificial Lift And Downhole Segment$75.5M37%

FOSL
FOSL

Transferred At Point In Time$109.7M41%
Traditional Watches$91.3M34%
Other$50.8M19%
Leathers$9.5M4%
Jewelry$4.0M1%
Smartwatches$3.3M1%
Products Other$1.6M1%

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