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Side-by-side financial comparison of Fossil Group, Inc. (FOSL) and MDU RESOURCES GROUP INC (MDU). Click either name above to swap in a different company.

MDU RESOURCES GROUP INC is the larger business by last-quarter revenue ($522.6M vs $270.2M, roughly 1.9× Fossil Group, Inc.). MDU RESOURCES GROUP INC runs the higher net margin — 14.6% vs -14.8%, a 29.4% gap on every dollar of revenue. On growth, MDU RESOURCES GROUP INC posted the faster year-over-year revenue change (-1.6% vs -21.1%). Fossil Group, Inc. produced more free cash flow last quarter ($-22.5M vs $-336.0M). Over the past eight quarters, MDU RESOURCES GROUP INC's revenue compounded faster (-5.7% CAGR vs -11.4%).

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.

MDU Resources Group, Inc. is a U.S.-based corporation supplying products and services to regulated energy delivery and utilities related construction materials and services businesses. It is headquartered in Bismarck, North Dakota, and operates in 48 states.

FOSL vs MDU — Head-to-Head

Bigger by revenue
MDU
MDU
1.9× larger
MDU
$522.6M
$270.2M
FOSL
Growing faster (revenue YoY)
MDU
MDU
+19.5% gap
MDU
-1.6%
-21.1%
FOSL
Higher net margin
MDU
MDU
29.4% more per $
MDU
14.6%
-14.8%
FOSL
More free cash flow
FOSL
FOSL
$313.5M more FCF
FOSL
$-22.5M
$-336.0M
MDU
Faster 2-yr revenue CAGR
MDU
MDU
Annualised
MDU
-5.7%
-11.4%
FOSL

Income Statement — Q3 FY2025 vs Q4 FY2025

Metric
FOSL
FOSL
MDU
MDU
Revenue
$270.2M
$522.6M
Net Profit
$-40.0M
$76.3M
Gross Margin
49.0%
Operating Margin
-8.0%
20.5%
Net Margin
-14.8%
14.6%
Revenue YoY
-21.1%
-1.6%
Net Profit YoY
-257.8%
38.4%
EPS (diluted)
$-0.76
$0.37

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
MDU
MDU
Q4 25
$270.2M
$522.6M
Q3 25
$220.4M
$313.6M
Q2 25
$233.3M
$348.7M
Q1 25
$678.0M
Q4 24
$342.3M
$531.0M
Q3 24
$287.8M
$290.7M
Q2 24
$260.0M
$343.1M
Q1 24
$254.9M
$588.2M
Net Profit
FOSL
FOSL
MDU
MDU
Q4 25
$-40.0M
$76.3M
Q3 25
$-2.1M
$18.3M
Q2 25
$-17.9M
$13.8M
Q1 25
$82.0M
Q4 24
$-11.2M
$55.2M
Q3 24
$-31.9M
$64.6M
Q2 24
$-38.8M
$60.4M
Q1 24
$-24.3M
$100.9M
Gross Margin
FOSL
FOSL
MDU
MDU
Q4 25
49.0%
Q3 25
57.5%
Q2 25
61.3%
Q1 25
Q4 24
53.9%
Q3 24
49.4%
Q2 24
52.6%
Q1 24
52.4%
Operating Margin
FOSL
FOSL
MDU
MDU
Q4 25
-8.0%
20.5%
Q3 25
3.9%
12.7%
Q2 25
-2.9%
8.7%
Q1 25
16.6%
Q4 24
-4.8%
17.8%
Q3 24
-8.5%
12.0%
Q2 24
-13.1%
11.5%
Q1 24
-11.5%
16.4%
Net Margin
FOSL
FOSL
MDU
MDU
Q4 25
-14.8%
14.6%
Q3 25
-1.0%
5.8%
Q2 25
-7.7%
4.0%
Q1 25
12.1%
Q4 24
-3.3%
10.4%
Q3 24
-11.1%
22.2%
Q2 24
-14.9%
17.6%
Q1 24
-9.5%
17.2%
EPS (diluted)
FOSL
FOSL
MDU
MDU
Q4 25
$-0.76
$0.37
Q3 25
$-0.04
$0.09
Q2 25
$-0.33
$0.07
Q1 25
$0.40
Q4 24
$-0.15
$0.26
Q3 24
$-0.60
$0.32
Q2 24
$-0.73
$0.30
Q1 24
$-0.46
$0.49

Balance Sheet & Financial Strength

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

Metric
FOSL
FOSL
MDU
MDU
Cash + ST InvestmentsLiquidity on hand
$79.2M
$28.2M
Total DebtLower is stronger
$169.1M
$2.7B
Stockholders' EquityBook value
$112.6M
$2.8B
Total Assets
$701.0M
$7.6B
Debt / EquityLower = less leverage
1.50×
0.97×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FOSL
FOSL
MDU
MDU
Q4 25
$79.2M
$28.2M
Q3 25
$109.9M
$75.9M
Q2 25
$78.3M
$58.8M
Q1 25
$59.5M
Q4 24
$123.6M
$66.9M
Q3 24
$106.3M
$88.3M
Q2 24
$104.9M
$78.8M
Q1 24
$112.9M
$72.7M
Total Debt
FOSL
FOSL
MDU
MDU
Q4 25
$169.1M
$2.7B
Q3 25
$165.6M
$2.4B
Q2 25
$167.2M
$2.2B
Q1 25
$2.2B
Q4 24
$162.7M
$2.3B
Q3 24
$173.4M
$2.3B
Q2 24
$156.5M
$2.3B
Q1 24
$202.9M
$2.3B
Stockholders' Equity
FOSL
FOSL
MDU
MDU
Q4 25
$112.6M
$2.8B
Q3 25
$150.3M
$2.7B
Q2 25
$140.6M
$2.7B
Q1 25
$2.7B
Q4 24
$148.7M
$2.7B
Q3 24
$164.4M
$3.1B
Q2 24
$189.6M
$3.0B
Q1 24
$229.1M
$3.0B
Total Assets
FOSL
FOSL
MDU
MDU
Q4 25
$701.0M
$7.6B
Q3 25
$704.5M
$7.2B
Q2 25
$686.0M
$6.9B
Q1 25
$7.0B
Q4 24
$763.6M
$7.0B
Q3 24
$812.4M
$8.2B
Q2 24
$785.7M
$8.0B
Q1 24
$891.0M
$7.8B
Debt / Equity
FOSL
FOSL
MDU
MDU
Q4 25
1.50×
0.97×
Q3 25
1.10×
0.86×
Q2 25
1.19×
0.80×
Q1 25
0.80×
Q4 24
1.09×
0.85×
Q3 24
1.06×
0.76×
Q2 24
0.83×
0.75×
Q1 24
0.89×
0.76×

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
MDU
MDU
Operating Cash FlowLast quarter
$-22.2M
$80.6M
Free Cash FlowOCF − Capex
$-22.5M
$-336.0M
FCF MarginFCF / Revenue
-8.3%
-64.3%
Capex IntensityCapex / Revenue
0.1%
79.7%
Cash ConversionOCF / Net Profit
1.06×
TTM Free Cash FlowTrailing 4 quarters
$-46.0M
$-297.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FOSL
FOSL
MDU
MDU
Q4 25
$-22.2M
$80.6M
Q3 25
$9.4M
$57.9M
Q2 25
$-60.4M
$117.4M
Q1 25
$217.5M
Q4 24
$30.5M
$60.5M
Q3 24
$-22.8M
$140.2M
Q2 24
$38.4M
$136.5M
Q1 24
$622.0K
$165.1M
Free Cash Flow
FOSL
FOSL
MDU
MDU
Q4 25
$-22.5M
$-336.0M
Q3 25
$8.6M
$-121.9M
Q2 25
$-60.6M
$36.5M
Q1 25
$124.4M
Q4 24
$28.5M
$-95.8M
Q3 24
$-24.1M
$673.0K
Q2 24
$36.6M
$26.5M
Q1 24
$-1.1M
$48.1M
FCF Margin
FOSL
FOSL
MDU
MDU
Q4 25
-8.3%
-64.3%
Q3 25
3.9%
-38.9%
Q2 25
-26.0%
10.5%
Q1 25
18.4%
Q4 24
8.3%
-18.0%
Q3 24
-8.4%
0.2%
Q2 24
14.1%
7.7%
Q1 24
-0.4%
8.2%
Capex Intensity
FOSL
FOSL
MDU
MDU
Q4 25
0.1%
79.7%
Q3 25
0.4%
57.3%
Q2 25
0.1%
23.2%
Q1 25
13.7%
Q4 24
0.6%
29.4%
Q3 24
0.4%
48.0%
Q2 24
0.7%
32.0%
Q1 24
0.7%
19.9%
Cash Conversion
FOSL
FOSL
MDU
MDU
Q4 25
1.06×
Q3 25
3.16×
Q2 25
8.52×
Q1 25
2.65×
Q4 24
1.10×
Q3 24
2.17×
Q2 24
2.26×
Q1 24
1.64×

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%

MDU
MDU

Natural Gas Distribution$382.8M73%
Commercial Utility Sales$42.7M8%
Residential Utility Sales$33.7M6%
Pipelineand Midstream$31.1M6%
Natural Gas Transportation$17.2M3%
Industrial Utility Sales$10.1M2%
Natural Gas Storage$6.4M1%
Other Utility Sales$1.9M0%

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