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Side-by-side financial comparison of Fossil Group, Inc. (FOSL) and Navios Maritime Partners L.P. (NMM). Click either name above to swap in a different company.

Navios Maritime Partners L.P. is the larger business by last-quarter revenue ($327.6M vs $270.2M, roughly 1.2× Fossil Group, Inc.). Navios Maritime Partners L.P. runs the higher net margin — 21.4% vs -14.8%, a 36.2% gap on every dollar of revenue. On growth, Navios Maritime Partners L.P. posted the faster year-over-year revenue change (-4.3% vs -21.1%).

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.

Navios Maritime Holdings Inc. is a multinational, vertically integrated seaborne shipping and logistics company focused on the transport and transshipment of drybulk commodities including iron ore, coal and grain.

FOSL vs NMM — Head-to-Head

Bigger by revenue
NMM
NMM
1.2× larger
NMM
$327.6M
$270.2M
FOSL
Growing faster (revenue YoY)
NMM
NMM
+16.8% gap
NMM
-4.3%
-21.1%
FOSL
Higher net margin
NMM
NMM
36.2% more per $
NMM
21.4%
-14.8%
FOSL

Income Statement — Q3 FY2025 vs Q2 FY2025

Metric
FOSL
FOSL
NMM
NMM
Revenue
$270.2M
$327.6M
Net Profit
$-40.0M
$69.9M
Gross Margin
49.0%
90.5%
Operating Margin
-8.0%
Net Margin
-14.8%
21.4%
Revenue YoY
-21.1%
-4.3%
Net Profit YoY
-257.8%
-31.1%
EPS (diluted)
$-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
FOSL
FOSL
NMM
NMM
Q4 25
$270.2M
Q3 25
$220.4M
Q2 25
$233.3M
$327.6M
Q4 24
$342.3M
Q3 24
$287.8M
Q2 24
$260.0M
$342.2M
Q1 24
$254.9M
Q3 23
$344.1M
Net Profit
FOSL
FOSL
NMM
NMM
Q4 25
$-40.0M
Q3 25
$-2.1M
Q2 25
$-17.9M
$69.9M
Q4 24
$-11.2M
Q3 24
$-31.9M
Q2 24
$-38.8M
$101.5M
Q1 24
$-24.3M
Q3 23
$-60.8M
Gross Margin
FOSL
FOSL
NMM
NMM
Q4 25
49.0%
Q3 25
57.5%
Q2 25
61.3%
90.5%
Q4 24
53.9%
Q3 24
49.4%
Q2 24
52.6%
88.3%
Q1 24
52.4%
Q3 23
47.0%
Operating Margin
FOSL
FOSL
NMM
NMM
Q4 25
-8.0%
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
NMM
NMM
Q4 25
-14.8%
Q3 25
-1.0%
Q2 25
-7.7%
21.4%
Q4 24
-3.3%
Q3 24
-11.1%
Q2 24
-14.9%
29.7%
Q1 24
-9.5%
Q3 23
-17.7%
EPS (diluted)
FOSL
FOSL
NMM
NMM
Q4 25
$-0.76
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
NMM
NMM
Cash + ST InvestmentsLiquidity on hand
$79.2M
$377.0M
Total DebtLower is stronger
$169.1M
$2.0B
Stockholders' EquityBook value
$112.6M
Total Assets
$701.0M
$5.9B
Debt / EquityLower = less leverage
1.50×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FOSL
FOSL
NMM
NMM
Q4 25
$79.2M
Q3 25
$109.9M
Q2 25
$78.3M
$377.0M
Q4 24
$123.6M
Q3 24
$106.3M
Q2 24
$104.9M
$272.0M
Q1 24
$112.9M
Q3 23
$116.1M
Total Debt
FOSL
FOSL
NMM
NMM
Q4 25
$169.1M
Q3 25
$165.6M
Q2 25
$167.2M
$2.0B
Q4 24
$162.7M
Q3 24
$173.4M
Q2 24
$156.5M
$1.4B
Q1 24
$202.9M
Q3 23
$255.9M
Stockholders' Equity
FOSL
FOSL
NMM
NMM
Q4 25
$112.6M
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
NMM
NMM
Q4 25
$701.0M
Q3 25
$704.5M
Q2 25
$686.0M
$5.9B
Q4 24
$763.6M
Q3 24
$812.4M
Q2 24
$785.7M
$5.3B
Q1 24
$891.0M
Q3 23
$1.1B
Debt / Equity
FOSL
FOSL
NMM
NMM
Q4 25
1.50×
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
NMM
NMM
Operating Cash FlowLast quarter
$-22.2M
Free Cash FlowOCF − Capex
$-22.5M
FCF MarginFCF / Revenue
-8.3%
Capex IntensityCapex / Revenue
0.1%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-46.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FOSL
FOSL
NMM
NMM
Q4 25
$-22.2M
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
NMM
NMM
Q4 25
$-22.5M
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
NMM
NMM
Q4 25
-8.3%
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
NMM
NMM
Q4 25
0.1%
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%

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%

NMM
NMM

Segment breakdown not available.

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