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Side-by-side financial comparison of Fossil Group, Inc. (FOSL) and Zurn Elkay Water Solutions Corp (ZWS). Click either name above to swap in a different company.

Zurn Elkay Water Solutions Corp is the larger business by last-quarter revenue ($407.2M vs $270.2M, roughly 1.5× Fossil Group, Inc.). Zurn Elkay Water Solutions Corp runs the higher net margin — 10.3% vs -14.8%, a 25.2% gap on every dollar of revenue. On growth, Zurn Elkay Water Solutions Corp posted the faster year-over-year revenue change (9.8% vs -21.1%). Over the past eight quarters, Zurn Elkay Water Solutions Corp's revenue compounded faster (4.4% 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.

Zurn Elkay Water Solutions Corp designs, manufactures, and distributes a wide range of water management and dispensing products, including commercial plumbing fixtures, drinking fountains, water filtration systems, and flow control components. It serves commercial, residential, industrial, and public infrastructure markets primarily across North America, with a focus on delivering sustainable, water-efficient solutions for diverse end-user needs.

FOSL vs ZWS — Head-to-Head

Bigger by revenue
ZWS
ZWS
1.5× larger
ZWS
$407.2M
$270.2M
FOSL
Growing faster (revenue YoY)
ZWS
ZWS
+30.9% gap
ZWS
9.8%
-21.1%
FOSL
Higher net margin
ZWS
ZWS
25.2% more per $
ZWS
10.3%
-14.8%
FOSL
Faster 2-yr revenue CAGR
ZWS
ZWS
Annualised
ZWS
4.4%
-11.4%
FOSL

Income Statement — Q3 FY2025 vs Q4 FY2025

Metric
FOSL
FOSL
ZWS
ZWS
Revenue
$270.2M
$407.2M
Net Profit
$-40.0M
$42.1M
Gross Margin
49.0%
44.4%
Operating Margin
-8.0%
14.8%
Net Margin
-14.8%
10.3%
Revenue YoY
-21.1%
9.8%
Net Profit YoY
-257.8%
15.7%
EPS (diluted)
$-0.76
$0.24

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
ZWS
ZWS
Q4 25
$270.2M
$407.2M
Q3 25
$220.4M
$455.4M
Q2 25
$233.3M
$444.5M
Q1 25
$388.8M
Q4 24
$342.3M
$370.7M
Q3 24
$287.8M
$410.0M
Q2 24
$260.0M
$412.0M
Q1 24
$254.9M
$373.8M
Net Profit
FOSL
FOSL
ZWS
ZWS
Q4 25
$-40.0M
$42.1M
Q3 25
$-2.1M
$61.8M
Q2 25
$-17.9M
$50.5M
Q1 25
$43.6M
Q4 24
$-11.2M
$36.4M
Q3 24
$-31.9M
$43.5M
Q2 24
$-38.8M
$46.0M
Q1 24
$-24.3M
$34.3M
Gross Margin
FOSL
FOSL
ZWS
ZWS
Q4 25
49.0%
44.4%
Q3 25
57.5%
44.1%
Q2 25
61.3%
45.5%
Q1 25
46.6%
Q4 24
53.9%
43.5%
Q3 24
49.4%
46.2%
Q2 24
52.6%
45.2%
Q1 24
52.4%
45.5%
Operating Margin
FOSL
FOSL
ZWS
ZWS
Q4 25
-8.0%
14.8%
Q3 25
3.9%
17.0%
Q2 25
-2.9%
17.5%
Q1 25
16.3%
Q4 24
-4.8%
13.3%
Q3 24
-8.5%
17.1%
Q2 24
-13.1%
17.5%
Q1 24
-11.5%
14.2%
Net Margin
FOSL
FOSL
ZWS
ZWS
Q4 25
-14.8%
10.3%
Q3 25
-1.0%
13.6%
Q2 25
-7.7%
11.4%
Q1 25
11.2%
Q4 24
-3.3%
9.8%
Q3 24
-11.1%
10.6%
Q2 24
-14.9%
11.2%
Q1 24
-9.5%
9.2%
EPS (diluted)
FOSL
FOSL
ZWS
ZWS
Q4 25
$-0.76
$0.24
Q3 25
$-0.04
$0.36
Q2 25
$-0.33
$0.29
Q1 25
$0.26
Q4 24
$-0.15
$0.21
Q3 24
$-0.60
$0.25
Q2 24
$-0.73
$0.27
Q1 24
$-0.46
$0.19

Balance Sheet & Financial Strength

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

Metric
FOSL
FOSL
ZWS
ZWS
Cash + ST InvestmentsLiquidity on hand
$79.2M
$300.5M
Total DebtLower is stronger
$169.1M
$496.5M
Stockholders' EquityBook value
$112.6M
$1.6B
Total Assets
$701.0M
$2.7B
Debt / EquityLower = less leverage
1.50×
0.31×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FOSL
FOSL
ZWS
ZWS
Q4 25
$79.2M
$300.5M
Q3 25
$109.9M
$260.1M
Q2 25
$78.3M
$201.9M
Q1 25
$144.7M
Q4 24
$123.6M
$198.0M
Q3 24
$106.3M
$187.9M
Q2 24
$104.9M
$162.7M
Q1 24
$112.9M
$157.1M
Total Debt
FOSL
FOSL
ZWS
ZWS
Q4 25
$169.1M
$496.5M
Q3 25
$165.6M
$496.4M
Q2 25
$167.2M
$495.9M
Q1 25
$495.8M
Q4 24
$162.7M
$495.6M
Q3 24
$173.4M
$495.6M
Q2 24
$156.5M
$495.5M
Q1 24
$202.9M
$495.4M
Stockholders' Equity
FOSL
FOSL
ZWS
ZWS
Q4 25
$112.6M
$1.6B
Q3 25
$150.3M
$1.6B
Q2 25
$140.6M
$1.6B
Q1 25
$1.5B
Q4 24
$148.7M
$1.6B
Q3 24
$164.4M
$1.6B
Q2 24
$189.6M
$1.6B
Q1 24
$229.1M
$1.6B
Total Assets
FOSL
FOSL
ZWS
ZWS
Q4 25
$701.0M
$2.7B
Q3 25
$704.5M
$2.7B
Q2 25
$686.0M
$2.7B
Q1 25
$2.6B
Q4 24
$763.6M
$2.6B
Q3 24
$812.4M
$2.7B
Q2 24
$785.7M
$2.7B
Q1 24
$891.0M
$2.7B
Debt / Equity
FOSL
FOSL
ZWS
ZWS
Q4 25
1.50×
0.31×
Q3 25
1.10×
0.31×
Q2 25
1.19×
0.32×
Q1 25
0.32×
Q4 24
1.09×
0.31×
Q3 24
1.06×
0.31×
Q2 24
0.83×
0.31×
Q1 24
0.89×
0.31×

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
ZWS
ZWS
Operating Cash FlowLast quarter
$-22.2M
$91.7M
Free Cash FlowOCF − Capex
$-22.5M
FCF MarginFCF / Revenue
-8.3%
Capex IntensityCapex / Revenue
0.1%
Cash ConversionOCF / Net Profit
2.18×
TTM Free Cash FlowTrailing 4 quarters
$-46.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FOSL
FOSL
ZWS
ZWS
Q4 25
$-22.2M
$91.7M
Q3 25
$9.4M
$101.3M
Q2 25
$-60.4M
$110.6M
Q1 25
$42.9M
Q4 24
$30.5M
$63.6M
Q3 24
$-22.8M
$90.9M
Q2 24
$38.4M
$85.1M
Q1 24
$622.0K
$53.9M
Free Cash Flow
FOSL
FOSL
ZWS
ZWS
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
ZWS
ZWS
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
ZWS
ZWS
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
ZWS
ZWS
Q4 25
2.18×
Q3 25
1.64×
Q2 25
2.19×
Q1 25
0.98×
Q4 24
1.75×
Q3 24
2.09×
Q2 24
1.85×
Q1 24
1.57×

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%

ZWS
ZWS

Segment breakdown not available.

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