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

Seadrill Ltd is the larger business by last-quarter revenue ($273.0M vs $270.2M, roughly 1.0× Fossil Group, Inc.). Seadrill Ltd runs the higher net margin — -3.7% vs -14.8%, a 11.2% gap on every dollar of revenue. Over the past eight quarters, Seadrill Ltd's revenue compounded faster (-8.9% 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.

Seadrill is an offshore drilling contractor providing worldwide offshore drilling services to the oil and gas industry. Its primary business is the ownership and operation of drillships, semi-submersible rigs, and jack-up rigs for operations in shallow to ultra-deep water in both benign and harsh environments. It provides a contract-based service and primarily serves the oil super-majors, integrated oil and gas, state-owned national oil, and independent oil and gas companies.

FOSL vs SDRL — Head-to-Head

Bigger by revenue
SDRL
SDRL
1.0× larger
SDRL
$273.0M
$270.2M
FOSL
Higher net margin
SDRL
SDRL
11.2% more per $
SDRL
-3.7%
-14.8%
FOSL
Faster 2-yr revenue CAGR
SDRL
SDRL
Annualised
SDRL
-8.9%
-11.4%
FOSL

Income Statement — Q3 FY2025 vs Q4 FY2025

Metric
FOSL
FOSL
SDRL
SDRL
Revenue
$270.2M
$273.0M
Net Profit
$-40.0M
$-10.0M
Gross Margin
49.0%
Operating Margin
-8.0%
-1.1%
Net Margin
-14.8%
-3.7%
Revenue YoY
-21.1%
Net Profit YoY
-257.8%
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
SDRL
SDRL
Q4 25
$270.2M
$273.0M
Q3 25
$220.4M
$280.0M
Q2 25
$233.3M
$288.0M
Q1 25
$248.0M
Q4 24
$342.3M
Q3 24
$287.8M
$263.0M
Q2 24
$260.0M
$267.0M
Q1 24
$254.9M
$275.0M
Net Profit
FOSL
FOSL
SDRL
SDRL
Q4 25
$-40.0M
$-10.0M
Q3 25
$-2.1M
$-11.0M
Q2 25
$-17.9M
$-42.0M
Q1 25
$-14.0M
Q4 24
$-11.2M
Q3 24
$-31.9M
$32.0M
Q2 24
$-38.8M
$253.0M
Q1 24
$-24.3M
$60.0M
Gross Margin
FOSL
FOSL
SDRL
SDRL
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
SDRL
SDRL
Q4 25
-8.0%
-1.1%
Q3 25
3.9%
9.3%
Q2 25
-2.9%
2.1%
Q1 25
7.3%
Q4 24
-4.8%
Q3 24
-8.5%
17.9%
Q2 24
-13.1%
Q1 24
-11.5%
29.1%
Net Margin
FOSL
FOSL
SDRL
SDRL
Q4 25
-14.8%
-3.7%
Q3 25
-1.0%
-3.9%
Q2 25
-7.7%
-14.6%
Q1 25
-5.6%
Q4 24
-3.3%
Q3 24
-11.1%
12.2%
Q2 24
-14.9%
94.8%
Q1 24
-9.5%
21.8%
EPS (diluted)
FOSL
FOSL
SDRL
SDRL
Q4 25
$-0.76
Q3 25
$-0.04
$-0.17
Q2 25
$-0.33
$-0.68
Q1 25
$-0.23
Q4 24
$-0.15
Q3 24
$-0.60
$0.49
Q2 24
$-0.73
$3.49
Q1 24
$-0.46
$0.81

Balance Sheet & Financial Strength

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

Metric
FOSL
FOSL
SDRL
SDRL
Cash + ST InvestmentsLiquidity on hand
$79.2M
$339.0M
Total DebtLower is stronger
$169.1M
$613.0M
Stockholders' EquityBook value
$112.6M
$2.9B
Total Assets
$701.0M
$3.9B
Debt / EquityLower = less leverage
1.50×
0.21×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FOSL
FOSL
SDRL
SDRL
Q4 25
$79.2M
$339.0M
Q3 25
$109.9M
$402.0M
Q2 25
$78.3M
$393.0M
Q1 25
$404.0M
Q4 24
$123.6M
Q3 24
$106.3M
Q2 24
$104.9M
$835.0M
Q1 24
$112.9M
Total Debt
FOSL
FOSL
SDRL
SDRL
Q4 25
$169.1M
$613.0M
Q3 25
$165.6M
$612.0M
Q2 25
$167.2M
$612.0M
Q1 25
$611.0M
Q4 24
$162.7M
Q3 24
$173.4M
Q2 24
$156.5M
$609.0M
Q1 24
$202.9M
Stockholders' Equity
FOSL
FOSL
SDRL
SDRL
Q4 25
$112.6M
$2.9B
Q3 25
$150.3M
$2.9B
Q2 25
$140.6M
$2.9B
Q1 25
$2.9B
Q4 24
$148.7M
Q3 24
$164.4M
$2.9B
Q2 24
$189.6M
$3.1B
Q1 24
$229.1M
$2.9B
Total Assets
FOSL
FOSL
SDRL
SDRL
Q4 25
$701.0M
$3.9B
Q3 25
$704.5M
$4.1B
Q2 25
$686.0M
$4.1B
Q1 25
$4.1B
Q4 24
$763.6M
Q3 24
$812.4M
Q2 24
$785.7M
$4.3B
Q1 24
$891.0M
Debt / Equity
FOSL
FOSL
SDRL
SDRL
Q4 25
1.50×
0.21×
Q3 25
1.10×
0.21×
Q2 25
1.19×
0.21×
Q1 25
0.21×
Q4 24
1.09×
Q3 24
1.06×
Q2 24
0.83×
0.20×
Q1 24
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
FOSL
FOSL
SDRL
SDRL
Operating Cash FlowLast quarter
$-22.2M
$-40.0M
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
SDRL
SDRL
Q4 25
$-22.2M
$-40.0M
Q3 25
$9.4M
$28.0M
Q2 25
$-60.4M
$11.0M
Q1 25
$-27.0M
Q4 24
$30.5M
Q3 24
$-22.8M
$-27.0M
Q2 24
$38.4M
$79.0M
Q1 24
$622.0K
$29.0M
Free Cash Flow
FOSL
FOSL
SDRL
SDRL
Q4 25
$-22.5M
Q3 25
$8.6M
Q2 25
$-60.6M
Q1 25
Q4 24
$28.5M
Q3 24
$-24.1M
Q2 24
$36.6M
Q1 24
$-1.1M
FCF Margin
FOSL
FOSL
SDRL
SDRL
Q4 25
-8.3%
Q3 25
3.9%
Q2 25
-26.0%
Q1 25
Q4 24
8.3%
Q3 24
-8.4%
Q2 24
14.1%
Q1 24
-0.4%
Capex Intensity
FOSL
FOSL
SDRL
SDRL
Q4 25
0.1%
Q3 25
0.4%
Q2 25
0.1%
Q1 25
Q4 24
0.6%
Q3 24
0.4%
Q2 24
0.7%
Q1 24
0.7%
Cash Conversion
FOSL
FOSL
SDRL
SDRL
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
-0.84×
Q2 24
0.31×
Q1 24
0.48×

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%

SDRL
SDRL

Segment breakdown not available.

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