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Side-by-side financial comparison of Fossil Group, Inc. (FOSL) and STARWOOD PROPERTY TRUST, INC. (STWD). Click either name above to swap in a different company.

STARWOOD PROPERTY TRUST, INC. is the larger business by last-quarter revenue ($492.9M vs $270.2M, roughly 1.8× Fossil Group, Inc.). STARWOOD PROPERTY TRUST, INC. runs the higher net margin — 19.7% vs -14.8%, a 34.5% gap on every dollar of revenue. On growth, STARWOOD PROPERTY TRUST, INC. posted the faster year-over-year revenue change (8.5% vs -21.1%). Over the past eight quarters, STARWOOD PROPERTY TRUST, INC.'s revenue compounded faster (-2.9% 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.

Starwood Hotels and Resorts Worldwide, Inc. was one of the largest companies that owned, operated, franchised and managed hotels, resorts, spas, residences, and vacation ownership properties. Starwood was founded in 1969 as a real estate investment trust named Hotel Investors Trust. In 1995, it was acquired and reorganized by Barry Sternlicht, who was its chairman until 2005 and founder of the Starwood Capital Group. Starwood had 11 brands and owned, managed, or franchised 1,297 properties co...

FOSL vs STWD — Head-to-Head

Bigger by revenue
STWD
STWD
1.8× larger
STWD
$492.9M
$270.2M
FOSL
Growing faster (revenue YoY)
STWD
STWD
+29.5% gap
STWD
8.5%
-21.1%
FOSL
Higher net margin
STWD
STWD
34.5% more per $
STWD
19.7%
-14.8%
FOSL
Faster 2-yr revenue CAGR
STWD
STWD
Annualised
STWD
-2.9%
-11.4%
FOSL

Income Statement — Q3 FY2025 vs Q4 FY2025

Metric
FOSL
FOSL
STWD
STWD
Revenue
$270.2M
$492.9M
Net Profit
$-40.0M
$96.9M
Gross Margin
49.0%
Operating Margin
-8.0%
26.6%
Net Margin
-14.8%
19.7%
Revenue YoY
-21.1%
8.5%
Net Profit YoY
-257.8%
87.7%
EPS (diluted)
$-0.76
$0.25

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
STWD
STWD
Q4 25
$270.2M
$492.9M
Q3 25
$220.4M
$488.9M
Q2 25
$233.3M
$444.3M
Q1 25
$418.2M
Q4 24
$342.3M
$454.4M
Q3 24
$287.8M
$479.5M
Q2 24
$260.0M
$489.8M
Q1 24
$254.9M
$523.1M
Net Profit
FOSL
FOSL
STWD
STWD
Q4 25
$-40.0M
$96.9M
Q3 25
$-2.1M
$72.6M
Q2 25
$-17.9M
$129.8M
Q1 25
$112.3M
Q4 24
$-11.2M
$51.6M
Q3 24
$-31.9M
$76.1M
Q2 24
$-38.8M
$77.9M
Q1 24
$-24.3M
$154.3M
Gross Margin
FOSL
FOSL
STWD
STWD
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
STWD
STWD
Q4 25
-8.0%
26.6%
Q3 25
3.9%
19.1%
Q2 25
-2.9%
30.5%
Q1 25
28.7%
Q4 24
-4.8%
15.1%
Q3 24
-8.5%
17.2%
Q2 24
-13.1%
19.1%
Q1 24
-11.5%
30.8%
Net Margin
FOSL
FOSL
STWD
STWD
Q4 25
-14.8%
19.7%
Q3 25
-1.0%
14.8%
Q2 25
-7.7%
29.2%
Q1 25
26.8%
Q4 24
-3.3%
11.4%
Q3 24
-11.1%
15.9%
Q2 24
-14.9%
15.9%
Q1 24
-9.5%
29.5%
EPS (diluted)
FOSL
FOSL
STWD
STWD
Q4 25
$-0.76
$0.25
Q3 25
$-0.04
$0.19
Q2 25
$-0.33
$0.38
Q1 25
$0.33
Q4 24
$-0.15
$0.15
Q3 24
$-0.60
$0.23
Q2 24
$-0.73
$0.24
Q1 24
$-0.46
$0.48

Balance Sheet & Financial Strength

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

Metric
FOSL
FOSL
STWD
STWD
Cash + ST InvestmentsLiquidity on hand
$79.2M
$499.5M
Total DebtLower is stronger
$169.1M
Stockholders' EquityBook value
$112.6M
$6.8B
Total Assets
$701.0M
$63.2B
Debt / EquityLower = less leverage
1.50×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FOSL
FOSL
STWD
STWD
Q4 25
$79.2M
$499.5M
Q3 25
$109.9M
$301.1M
Q2 25
$78.3M
$259.9M
Q1 25
$440.6M
Q4 24
$123.6M
$377.8M
Q3 24
$106.3M
$357.9M
Q2 24
$104.9M
$259.3M
Q1 24
$112.9M
$327.4M
Total Debt
FOSL
FOSL
STWD
STWD
Q4 25
$169.1M
Q3 25
$165.6M
Q2 25
$167.2M
Q1 25
Q4 24
$162.7M
Q3 24
$173.4M
Q2 24
$156.5M
Q1 24
$202.9M
Stockholders' Equity
FOSL
FOSL
STWD
STWD
Q4 25
$112.6M
$6.8B
Q3 25
$150.3M
$6.9B
Q2 25
$140.6M
$6.4B
Q1 25
$6.4B
Q4 24
$148.7M
$6.4B
Q3 24
$164.4M
$6.5B
Q2 24
$189.6M
$6.2B
Q1 24
$229.1M
$6.3B
Total Assets
FOSL
FOSL
STWD
STWD
Q4 25
$701.0M
$63.2B
Q3 25
$704.5M
$62.4B
Q2 25
$686.0M
$62.4B
Q1 25
$62.2B
Q4 24
$763.6M
$62.6B
Q3 24
$812.4M
$64.2B
Q2 24
$785.7M
$64.1B
Q1 24
$891.0M
$66.2B
Debt / Equity
FOSL
FOSL
STWD
STWD
Q4 25
1.50×
Q3 25
1.10×
Q2 25
1.19×
Q1 25
Q4 24
1.09×
Q3 24
1.06×
Q2 24
0.83×
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
STWD
STWD
Operating Cash FlowLast quarter
$-22.2M
$488.8M
Free Cash FlowOCF − Capex
$-22.5M
FCF MarginFCF / Revenue
-8.3%
Capex IntensityCapex / Revenue
0.1%
Cash ConversionOCF / Net Profit
5.04×
TTM Free Cash FlowTrailing 4 quarters
$-46.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FOSL
FOSL
STWD
STWD
Q4 25
$-22.2M
$488.8M
Q3 25
$9.4M
$337.6M
Q2 25
$-60.4M
$-87.4M
Q1 25
$238.9M
Q4 24
$30.5M
$295.6M
Q3 24
$-22.8M
$241.8M
Q2 24
$38.4M
$53.3M
Q1 24
$622.0K
$55.9M
Free Cash Flow
FOSL
FOSL
STWD
STWD
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
STWD
STWD
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
STWD
STWD
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
STWD
STWD
Q4 25
5.04×
Q3 25
4.65×
Q2 25
-0.67×
Q1 25
2.13×
Q4 24
5.72×
Q3 24
3.18×
Q2 24
0.68×
Q1 24
0.36×

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%

STWD
STWD

Commercial And Residential Lending Segment$335.2M68%
Infrastructure Lending Segment$70.3M14%
Property Segment$57.8M12%
Other$29.7M6%

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