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Side-by-side financial comparison of Fossil Group, Inc. (FOSL) and Orion Group Holdings Inc (ORN). Click either name above to swap in a different company.

Fossil Group, Inc. is the larger business by last-quarter revenue ($270.2M vs $216.3M, roughly 1.2× Orion Group Holdings Inc). Orion Group Holdings Inc runs the higher net margin — 2.2% vs -14.8%, a 17.0% gap on every dollar of revenue. On growth, Orion Group Holdings Inc posted the faster year-over-year revenue change (14.6% vs -21.1%). Over the past eight quarters, Orion Group Holdings Inc's revenue compounded faster (6.1% 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.

Orion Corporation, founded in 1917 and headquartered at Espoo, Finland, is a globally operating Finnish company which develops, manufactures and markets human and veterinary pharmaceuticals and active pharmaceutical ingredients for global markets. All of the company's manufacturing sites and the majority of its R&D units are in Finland.

FOSL vs ORN — Head-to-Head

Bigger by revenue
FOSL
FOSL
1.2× larger
FOSL
$270.2M
$216.3M
ORN
Growing faster (revenue YoY)
ORN
ORN
+35.7% gap
ORN
14.6%
-21.1%
FOSL
Higher net margin
ORN
ORN
17.0% more per $
ORN
2.2%
-14.8%
FOSL
Faster 2-yr revenue CAGR
ORN
ORN
Annualised
ORN
6.1%
-11.4%
FOSL

Income Statement — Q3 FY2025 vs Q1 FY2026

Metric
FOSL
FOSL
ORN
ORN
Revenue
$270.2M
$216.3M
Net Profit
$-40.0M
$4.7M
Gross Margin
49.0%
12.0%
Operating Margin
-8.0%
Net Margin
-14.8%
2.2%
Revenue YoY
-21.1%
14.6%
Net Profit YoY
-257.8%
435.7%
EPS (diluted)
$-0.76
$0.12

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
ORN
ORN
Q1 26
$216.3M
Q4 25
$270.2M
$233.2M
Q3 25
$220.4M
$225.1M
Q2 25
$233.3M
$205.3M
Q1 25
$188.7M
Q4 24
$342.3M
$216.9M
Q3 24
$287.8M
$226.7M
Q2 24
$260.0M
$192.2M
Net Profit
FOSL
FOSL
ORN
ORN
Q1 26
$4.7M
Q4 25
$-40.0M
$-240.0K
Q3 25
$-2.1M
$3.3M
Q2 25
$-17.9M
$841.0K
Q1 25
$-1.4M
Q4 24
$-11.2M
$6.8M
Q3 24
$-31.9M
$4.3M
Q2 24
$-38.8M
$-6.6M
Gross Margin
FOSL
FOSL
ORN
ORN
Q1 26
12.0%
Q4 25
49.0%
11.6%
Q3 25
57.5%
13.2%
Q2 25
61.3%
12.6%
Q1 25
12.2%
Q4 24
53.9%
14.0%
Q3 24
49.4%
11.9%
Q2 24
52.6%
9.5%
Operating Margin
FOSL
FOSL
ORN
ORN
Q1 26
Q4 25
-8.0%
2.2%
Q3 25
3.9%
2.4%
Q2 25
-2.9%
1.7%
Q1 25
0.4%
Q4 24
-4.8%
4.4%
Q3 24
-8.5%
3.4%
Q2 24
-13.1%
-1.4%
Net Margin
FOSL
FOSL
ORN
ORN
Q1 26
2.2%
Q4 25
-14.8%
-0.1%
Q3 25
-1.0%
1.5%
Q2 25
-7.7%
0.4%
Q1 25
-0.7%
Q4 24
-3.3%
3.1%
Q3 24
-11.1%
1.9%
Q2 24
-14.9%
-3.4%
EPS (diluted)
FOSL
FOSL
ORN
ORN
Q1 26
$0.12
Q4 25
$-0.76
$-0.00
Q3 25
$-0.04
$0.08
Q2 25
$-0.33
$0.02
Q1 25
$-0.04
Q4 24
$-0.15
$0.22
Q3 24
$-0.60
$0.12
Q2 24
$-0.73
$-0.20

Balance Sheet & Financial Strength

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

Metric
FOSL
FOSL
ORN
ORN
Cash + ST InvestmentsLiquidity on hand
$79.2M
$6.3M
Total DebtLower is stronger
$169.1M
Stockholders' EquityBook value
$112.6M
$166.7M
Total Assets
$701.0M
$478.7M
Debt / EquityLower = less leverage
1.50×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FOSL
FOSL
ORN
ORN
Q1 26
$6.3M
Q4 25
$79.2M
$1.6M
Q3 25
$109.9M
$4.9M
Q2 25
$78.3M
$1.7M
Q1 25
$13.0M
Q4 24
$123.6M
$28.3M
Q3 24
$106.3M
$28.3M
Q2 24
$104.9M
$4.8M
Total Debt
FOSL
FOSL
ORN
ORN
Q1 26
Q4 25
$169.1M
Q3 25
$165.6M
Q2 25
$167.2M
$33.4M
Q1 25
$23.3M
Q4 24
$162.7M
$23.2M
Q3 24
$173.4M
$28.0M
Q2 24
$156.5M
$60.3M
Stockholders' Equity
FOSL
FOSL
ORN
ORN
Q1 26
$166.7M
Q4 25
$112.6M
$159.0M
Q3 25
$150.3M
$157.9M
Q2 25
$140.6M
$153.2M
Q1 25
$150.8M
Q4 24
$148.7M
$150.7M
Q3 24
$164.4M
$142.4M
Q2 24
$189.6M
$111.1M
Total Assets
FOSL
FOSL
ORN
ORN
Q1 26
$478.7M
Q4 25
$701.0M
$414.7M
Q3 25
$704.5M
$422.4M
Q2 25
$686.0M
$432.7M
Q1 25
$416.3M
Q4 24
$763.6M
$417.3M
Q3 24
$812.4M
$430.3M
Q2 24
$785.7M
$414.0M
Debt / Equity
FOSL
FOSL
ORN
ORN
Q1 26
Q4 25
1.50×
Q3 25
1.10×
Q2 25
1.19×
0.22×
Q1 25
0.15×
Q4 24
1.09×
0.15×
Q3 24
1.06×
0.20×
Q2 24
0.83×
0.54×

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
ORN
ORN
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
ORN
ORN
Q1 26
Q4 25
$-22.2M
$13.8M
Q3 25
$9.4M
$23.3M
Q2 25
$-60.4M
$-5.6M
Q1 25
$-3.4M
Q4 24
$30.5M
$13.4M
Q3 24
$-22.8M
$37.5M
Q2 24
$38.4M
$-15.3M
Free Cash Flow
FOSL
FOSL
ORN
ORN
Q1 26
Q4 25
$-22.5M
$454.0K
Q3 25
$8.6M
$13.9M
Q2 25
$-60.6M
$-12.7M
Q1 25
$-12.5M
Q4 24
$28.5M
$9.9M
Q3 24
$-24.1M
$33.3M
Q2 24
$36.6M
$-20.0M
FCF Margin
FOSL
FOSL
ORN
ORN
Q1 26
Q4 25
-8.3%
0.2%
Q3 25
3.9%
6.2%
Q2 25
-26.0%
-6.2%
Q1 25
-6.6%
Q4 24
8.3%
4.6%
Q3 24
-8.4%
14.7%
Q2 24
14.1%
-10.4%
Capex Intensity
FOSL
FOSL
ORN
ORN
Q1 26
Q4 25
0.1%
5.7%
Q3 25
0.4%
4.2%
Q2 25
0.1%
3.5%
Q1 25
4.8%
Q4 24
0.6%
1.6%
Q3 24
0.4%
1.8%
Q2 24
0.7%
2.4%
Cash Conversion
FOSL
FOSL
ORN
ORN
Q1 26
Q4 25
Q3 25
7.05×
Q2 25
-6.61×
Q1 25
Q4 24
1.98×
Q3 24
8.79×
Q2 24

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%

ORN
ORN

Segment breakdown not available.

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