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化石集团（FOSL）与Hess Midstream LP（HESM）财务数据对比。点击上方公司名可切换其他公司
Hess Midstream LP的季度营收约是化石集团的1.5倍（$404.2M vs $270.2M），Hess Midstream LP净利率更高（23.1% vs -14.8%，领先37.9%），Hess Midstream LP同比增速更快（2.1% vs -21.1%），Hess Midstream LP自由现金流更多（$178.9M vs $-22.5M），过去两年Hess Midstream LP的营收复合增速更高（6.6% vs -11.4%）
化石集团是1984年成立的美国时尚设计制造企业，总部位于得克萨斯州理查森。集团旗下拥有Fossil、Relic、Michele Watch、Skagen、Zodiac Watches等多个品牌，同时也为宝马、彪马、阿玛尼、迈克高仕、DKNY等多个知名品牌代工生产授权配饰。
赫斯是美国全球化独立能源企业，主要从事原油与天然气的勘探、生产业务。公司于1968年由赫斯石油化工和阿美拉达石油合并成立，2023年10月同意被雪佛龙收购，相关交易已于2025年7月完成交割。
FOSL vs HESM — 直观对比
营收规模更大
HESM
是对方的1.5倍
$270.2M
营收增速更快
HESM
高出23.2%
-21.1%
净利率更高
HESM
高出37.9%
-14.8%
自由现金流更多
HESM
多$201.4M
$-22.5M
两年增速更快
HESM
近两年复合增速
-11.4%
损益表 — Q3 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $270.2M | $404.2M |
| 净利润 | $-40.0M | $93.3M |
| 毛利率 | 49.0% | — |
| 营业利润率 | -8.0% | 62.2% |
| 净利率 | -14.8% | 23.1% |
| 营收同比 | -21.1% | 2.1% |
| 净利润同比 | -257.8% | 32.5% |
| 每股收益（稀释后） | $-0.76 | — |
绿色 = 该指标领先。财年不对齐时期间可能不同
8季度营收与利润趋势
并排季度历史对比，按日历期对齐，财年错位的公司也能正确匹配
营收FOSLHESM
| Q4 25 | $270.2M | $404.2M | ||
| Q3 25 | $220.4M | $420.9M | ||
| Q2 25 | $233.3M | $414.2M | ||
| Q1 25 | — | $382.0M | ||
| Q4 24 | $342.3M | $395.9M | ||
| Q3 24 | $287.8M | $378.5M | ||
| Q2 24 | $260.0M | $365.5M | ||
| Q1 24 | $254.9M | $355.6M |
净利润FOSLHESM
| Q4 25 | $-40.0M | $93.3M | ||
| Q3 25 | $-2.1M | $97.7M | ||
| Q2 25 | $-17.9M | $90.3M | ||
| Q1 25 | — | $71.6M | ||
| Q4 24 | $-11.2M | $70.4M | ||
| Q3 24 | $-31.9M | $58.6M | ||
| Q2 24 | $-38.8M | $49.5M | ||
| Q1 24 | $-24.3M | $44.6M |
毛利率FOSLHESM
| 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% | — |
营业利润率FOSLHESM
| Q4 25 | -8.0% | 62.2% | ||
| Q3 25 | 3.9% | 61.5% | ||
| Q2 25 | -2.9% | 62.8% | ||
| Q1 25 | — | 62.1% | ||
| Q4 24 | -4.8% | 61.4% | ||
| Q3 24 | -8.5% | 61.2% | ||
| Q2 24 | -13.1% | 60.8% | ||
| Q1 24 | -11.5% | 62.4% |
净利率FOSLHESM
| Q4 25 | -14.8% | 23.1% | ||
| Q3 25 | -1.0% | 23.2% | ||
| Q2 25 | -7.7% | 21.8% | ||
| Q1 25 | — | 18.7% | ||
| Q4 24 | -3.3% | 17.8% | ||
| Q3 24 | -11.1% | 15.5% | ||
| Q2 24 | -14.9% | 13.5% | ||
| Q1 24 | -9.5% | 12.5% |
每股收益（稀释后）FOSLHESM
| Q4 25 | $-0.76 | — | ||
| Q3 25 | $-0.04 | — | ||
| Q2 25 | $-0.33 | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $-0.15 | — | ||
| Q3 24 | $-0.60 | — | ||
| Q2 24 | $-0.73 | — | ||
| Q1 24 | $-0.46 | — |
资产负债表与财务实力
最新季度各公司的流动性、杠杆与账面价值一览
| 指标 | | |
|---|---|---|
| 现金及短期投资手头流动性 | $79.2M | $1.9M |
| 总债务越低越好 | $169.1M | $3.8B |
| 股东权益账面价值 | $112.6M | — |
| 总资产 | $701.0M | $4.4B |
| 负债/权益比越低杠杆越低 | 1.50× | — |
8季度趋势，按日历期对齐
现金及短期投资FOSLHESM
| Q4 25 | $79.2M | $1.9M | ||
| Q3 25 | $109.9M | $5.5M | ||
| Q2 25 | $78.3M | $4.5M | ||
| Q1 25 | — | $6.1M | ||
| Q4 24 | $123.6M | $4.3M | ||
| Q3 24 | $106.3M | $10.3M | ||
| Q2 24 | $104.9M | $99.6M | ||
| Q1 24 | $112.9M | $4.2M |
总债务FOSLHESM
| Q4 25 | $169.1M | $3.8B | ||
| Q3 25 | $165.6M | — | ||
| Q2 25 | $167.2M | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $162.7M | $3.5B | ||
| Q3 24 | $173.4M | — | ||
| Q2 24 | $156.5M | — | ||
| Q1 24 | $202.9M | — |
股东权益FOSLHESM
| Q4 25 | $112.6M | — | ||
| Q3 25 | $150.3M | — | ||
| Q2 25 | $140.6M | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $148.7M | — | ||
| Q3 24 | $164.4M | — | ||
| Q2 24 | $189.6M | — | ||
| Q1 24 | $229.1M | — |
总资产FOSLHESM
| Q4 25 | $701.0M | $4.4B | ||
| Q3 25 | $704.5M | $4.4B | ||
| Q2 25 | $686.0M | $4.4B | ||
| Q1 25 | — | $4.3B | ||
| Q4 24 | $763.6M | $4.2B | ||
| Q3 24 | $812.4M | $4.1B | ||
| Q2 24 | $785.7M | $4.1B | ||
| Q1 24 | $891.0M | $3.9B |
负债/权益比FOSLHESM
| 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× | — |
现金流与资本效率
扣除再投资后实际产生的现金。现金流比净利润更难造假
| 指标 | | |
|---|---|---|
| 经营现金流最新季度 | $-22.2M | $245.6M |
| 自由现金流经营现金流 - 资本支出 | $-22.5M | $178.9M |
| 自由现金流率自由现金流/营收 | -8.3% | 44.3% |
| 资本支出强度资本支出/营收 | 0.1% | 16.5% |
| 现金转化率经营现金流/净利润 | — | 2.63× |
| 过去12个月自由现金流最近4个季度 | $-46.0M | $728.2M |
8季度趋势，按日历期对齐
经营现金流FOSLHESM
| Q4 25 | $-22.2M | $245.6M | ||
| Q3 25 | $9.4M | $258.9M | ||
| Q2 25 | $-60.4M | $276.9M | ||
| Q1 25 | — | $202.4M | ||
| Q4 24 | $30.5M | $258.5M | ||
| Q3 24 | $-22.8M | $224.9M | ||
| Q2 24 | $38.4M | $271.6M | ||
| Q1 24 | $622.0K | $185.3M |
自由现金流FOSLHESM
| Q4 25 | $-22.5M | $178.9M | ||
| Q3 25 | $8.6M | $178.9M | ||
| Q2 25 | $-60.6M | $213.5M | ||
| Q1 25 | — | $156.9M | ||
| Q4 24 | $28.5M | $163.4M | ||
| Q3 24 | $-24.1M | $132.6M | ||
| Q2 24 | $36.6M | $207.7M | ||
| Q1 24 | $-1.1M | $130.5M |
自由现金流率FOSLHESM
| Q4 25 | -8.3% | 44.3% | ||
| Q3 25 | 3.9% | 42.5% | ||
| Q2 25 | -26.0% | 51.5% | ||
| Q1 25 | — | 41.1% | ||
| Q4 24 | 8.3% | 41.3% | ||
| Q3 24 | -8.4% | 35.0% | ||
| Q2 24 | 14.1% | 56.8% | ||
| Q1 24 | -0.4% | 36.7% |
资本支出强度FOSLHESM
| Q4 25 | 0.1% | 16.5% | ||
| Q3 25 | 0.4% | 19.0% | ||
| Q2 25 | 0.1% | 15.3% | ||
| Q1 25 | — | 11.9% | ||
| Q4 24 | 0.6% | 24.0% | ||
| Q3 24 | 0.4% | 24.4% | ||
| Q2 24 | 0.7% | 17.5% | ||
| Q1 24 | 0.7% | 15.4% |
现金转化率FOSLHESM
| Q4 25 | — | 2.63× | ||
| Q3 25 | — | 2.65× | ||
| Q2 25 | — | 3.07× | ||
| Q1 25 | — | 2.83× | ||
| Q4 24 | — | 3.67× | ||
| Q3 24 | — | 3.84× | ||
| Q2 24 | — | 5.49× | ||
| Q1 24 | — | 4.15× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
业务分部营收拆解
FOSL
| Transferred At Point In Time | $109.7M | 41% |
| Traditional Watches | $91.3M | 34% |
| Other | $50.8M | 19% |
| Leathers | $9.5M | 4% |
| Jewelry | $4.0M | 1% |
| Smartwatches | $3.3M | 1% |
| Products Other | $1.6M | 1% |
HESM
| Gathering | $217.3M | 54% |
| Processing And Storage | $154.7M | 38% |
| Terminaling And Export | $32.2M | 8% |
