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Side-by-side financial comparison of Fossil Group, Inc. (FOSL) and MATTHEWS INTERNATIONAL CORP (MATW). Click either name above to swap in a different company.

MATTHEWS INTERNATIONAL CORP is the larger business by last-quarter revenue ($284.8M vs $270.2M, roughly 1.1× Fossil Group, Inc.). MATTHEWS INTERNATIONAL CORP runs the higher net margin — 15.3% vs -14.8%, a 30.1% gap on every dollar of revenue. On growth, Fossil Group, Inc. posted the faster year-over-year revenue change (-21.1% vs -29.1%). Fossil Group, Inc. produced more free cash flow last quarter ($-22.5M vs $-57.2M).

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.

Matthews Aurora Funeral Solutions is one of the largest manufacturers of caskets and funerary urns in the United States, selling over 38% of the country's caskets as of 2005. The Aurora, Indiana–based company is a subsidiary of Pittsburgh-based Matthews International. The company makes both wooden and metal caskets and urns for holding cremated remains. It also provides supplies and consulting services for funeral homes.

FOSL vs MATW — Head-to-Head

Bigger by revenue
MATW
MATW
1.1× larger
MATW
$284.8M
$270.2M
FOSL
Growing faster (revenue YoY)
FOSL
FOSL
+8.1% gap
FOSL
-21.1%
-29.1%
MATW
Higher net margin
MATW
MATW
30.1% more per $
MATW
15.3%
-14.8%
FOSL
More free cash flow
FOSL
FOSL
$34.7M more FCF
FOSL
$-22.5M
$-57.2M
MATW

Income Statement — Q3 FY2025 vs Q1 FY2026

Metric
FOSL
FOSL
MATW
MATW
Revenue
$270.2M
$284.8M
Net Profit
$-40.0M
$43.6M
Gross Margin
49.0%
35.0%
Operating Margin
-8.0%
34.2%
Net Margin
-14.8%
15.3%
Revenue YoY
-21.1%
-29.1%
Net Profit YoY
-257.8%
1356.6%
EPS (diluted)
$-0.76
$1.39

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
FOSL
FOSL
MATW
MATW
Q4 25
$270.2M
$284.8M
Q3 25
$220.4M
Q2 25
$233.3M
Q4 24
$342.3M
Q3 24
$287.8M
Q2 24
$260.0M
Q1 24
$254.9M
Q3 23
$344.1M
Net Profit
FOSL
FOSL
MATW
MATW
Q4 25
$-40.0M
$43.6M
Q3 25
$-2.1M
Q2 25
$-17.9M
Q4 24
$-11.2M
Q3 24
$-31.9M
Q2 24
$-38.8M
Q1 24
$-24.3M
Q3 23
$-60.8M
Gross Margin
FOSL
FOSL
MATW
MATW
Q4 25
49.0%
35.0%
Q3 25
57.5%
Q2 25
61.3%
Q4 24
53.9%
Q3 24
49.4%
Q2 24
52.6%
Q1 24
52.4%
Q3 23
47.0%
Operating Margin
FOSL
FOSL
MATW
MATW
Q4 25
-8.0%
34.2%
Q3 25
3.9%
Q2 25
-2.9%
Q4 24
-4.8%
Q3 24
-8.5%
Q2 24
-13.1%
Q1 24
-11.5%
Q3 23
-13.5%
Net Margin
FOSL
FOSL
MATW
MATW
Q4 25
-14.8%
15.3%
Q3 25
-1.0%
Q2 25
-7.7%
Q4 24
-3.3%
Q3 24
-11.1%
Q2 24
-14.9%
Q1 24
-9.5%
Q3 23
-17.7%
EPS (diluted)
FOSL
FOSL
MATW
MATW
Q4 25
$-0.76
$1.39
Q3 25
$-0.04
Q2 25
$-0.33
Q4 24
$-0.15
Q3 24
$-0.60
Q2 24
$-0.73
Q1 24
$-0.46
Q3 23
$-1.16

Balance Sheet & Financial Strength

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

Metric
FOSL
FOSL
MATW
MATW
Cash + ST InvestmentsLiquidity on hand
$79.2M
$31.4M
Total DebtLower is stronger
$169.1M
$529.8M
Stockholders' EquityBook value
$112.6M
$543.2M
Total Assets
$701.0M
$1.6B
Debt / EquityLower = less leverage
1.50×
0.98×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FOSL
FOSL
MATW
MATW
Q4 25
$79.2M
$31.4M
Q3 25
$109.9M
Q2 25
$78.3M
Q4 24
$123.6M
Q3 24
$106.3M
Q2 24
$104.9M
Q1 24
$112.9M
Q3 23
$116.1M
Total Debt
FOSL
FOSL
MATW
MATW
Q4 25
$169.1M
$529.8M
Q3 25
$165.6M
Q2 25
$167.2M
Q4 24
$162.7M
Q3 24
$173.4M
Q2 24
$156.5M
Q1 24
$202.9M
Q3 23
$255.9M
Stockholders' Equity
FOSL
FOSL
MATW
MATW
Q4 25
$112.6M
$543.2M
Q3 25
$150.3M
Q2 25
$140.6M
Q4 24
$148.7M
Q3 24
$164.4M
Q2 24
$189.6M
Q1 24
$229.1M
Q3 23
$281.1M
Total Assets
FOSL
FOSL
MATW
MATW
Q4 25
$701.0M
$1.6B
Q3 25
$704.5M
Q2 25
$686.0M
Q4 24
$763.6M
Q3 24
$812.4M
Q2 24
$785.7M
Q1 24
$891.0M
Q3 23
$1.1B
Debt / Equity
FOSL
FOSL
MATW
MATW
Q4 25
1.50×
0.98×
Q3 25
1.10×
Q2 25
1.19×
Q4 24
1.09×
Q3 24
1.06×
Q2 24
0.83×
Q1 24
0.89×
Q3 23
0.91×

Cash Flow & Capital Efficiency

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

Metric
FOSL
FOSL
MATW
MATW
Operating Cash FlowLast quarter
$-22.2M
$-52.0M
Free Cash FlowOCF − Capex
$-22.5M
$-57.2M
FCF MarginFCF / Revenue
-8.3%
-20.1%
Capex IntensityCapex / Revenue
0.1%
1.8%
Cash ConversionOCF / Net Profit
-1.19×
TTM Free Cash FlowTrailing 4 quarters
$-46.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FOSL
FOSL
MATW
MATW
Q4 25
$-22.2M
$-52.0M
Q3 25
$9.4M
Q2 25
$-60.4M
Q4 24
$30.5M
Q3 24
$-22.8M
Q2 24
$38.4M
Q1 24
$622.0K
Q3 23
$-22.1M
Free Cash Flow
FOSL
FOSL
MATW
MATW
Q4 25
$-22.5M
$-57.2M
Q3 25
$8.6M
Q2 25
$-60.6M
Q4 24
$28.5M
Q3 24
$-24.1M
Q2 24
$36.6M
Q1 24
$-1.1M
Q3 23
$-26.7M
FCF Margin
FOSL
FOSL
MATW
MATW
Q4 25
-8.3%
-20.1%
Q3 25
3.9%
Q2 25
-26.0%
Q4 24
8.3%
Q3 24
-8.4%
Q2 24
14.1%
Q1 24
-0.4%
Q3 23
-7.7%
Capex Intensity
FOSL
FOSL
MATW
MATW
Q4 25
0.1%
1.8%
Q3 25
0.4%
Q2 25
0.1%
Q4 24
0.6%
Q3 24
0.4%
Q2 24
0.7%
Q1 24
0.7%
Q3 23
1.3%
Cash Conversion
FOSL
FOSL
MATW
MATW
Q4 25
-1.19×
Q3 25
Q2 25
Q4 24
Q3 24
Q2 24
Q1 24
Q3 23

Financial Flow Comparison

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

Revenue Breakdown by Segment

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%

MATW
MATW

Segment breakdown not available.

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