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化石集团（FOSL）与Hilltop Holdings Inc.（HTH）财务数据对比。点击上方公司名可切换其他公司
Hilltop Holdings Inc.的季度营收约是化石集团的1.1倍（$300.5M vs $270.2M），Hilltop Holdings Inc.净利率更高（13.0% vs -14.8%，领先27.8%），过去两年Hilltop Holdings Inc.的营收复合增速更高（0.6% 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。
Hilltop Holdings Inc.是总部位于美国得克萨斯州达拉斯的金融控股公司，旗下拥有PlainsCapital Bank、PrimeLending与HilltopSecurities三大核心子公司，为客户提供多元金融产品及银行相关服务。
FOSL vs HTH — 直观对比
营收规模更大
HTH
是对方的1.1倍
$270.2M
净利率更高
HTH
高出27.8%
-14.8%
两年增速更快
HTH
近两年复合增速
-11.4%
损益表 — Q3 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $270.2M | $300.5M |
| 净利润 | $-40.0M | $39.0M |
| 毛利率 | 49.0% | — |
| 营业利润率 | -8.0% | — |
| 净利率 | -14.8% | 13.0% |
| 营收同比 | -21.1% | — |
| 净利润同比 | -257.8% | -12.4% |
| 每股收益（稀释后） | $-0.76 | $0.64 |
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FOSLHTH
| Q1 26 | — | $300.5M | ||
| Q4 25 | $270.2M | $329.9M | ||
| Q3 25 | $220.4M | $330.2M | ||
| Q2 25 | $233.3M | $303.3M | ||
| Q1 25 | — | $318.5M | ||
| Q4 24 | $342.3M | $301.1M | ||
| Q3 24 | $287.8M | $305.5M | ||
| Q2 24 | $260.0M | $297.0M |
净利润FOSLHTH
| Q1 26 | — | $39.0M | ||
| Q4 25 | $-40.0M | $41.6M | ||
| Q3 25 | $-2.1M | $45.8M | ||
| Q2 25 | $-17.9M | $36.1M | ||
| Q1 25 | — | $42.1M | ||
| Q4 24 | $-11.2M | $35.5M | ||
| Q3 24 | $-31.9M | $29.7M | ||
| Q2 24 | $-38.8M | $20.3M |
毛利率FOSLHTH
| Q1 26 | — | — | ||
| 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% | — |
营业利润率FOSLHTH
| Q1 26 | — | — | ||
| Q4 25 | -8.0% | 16.1% | ||
| Q3 25 | 3.9% | 18.4% | ||
| Q2 25 | -2.9% | 16.3% | ||
| Q1 25 | — | 18.1% | ||
| Q4 24 | -4.8% | 14.7% | ||
| Q3 24 | -8.5% | 13.9% | ||
| Q2 24 | -13.1% | 10.0% |
净利率FOSLHTH
| Q1 26 | — | 13.0% | ||
| Q4 25 | -14.8% | 12.6% | ||
| Q3 25 | -1.0% | 13.9% | ||
| Q2 25 | -7.7% | 11.9% | ||
| Q1 25 | — | 13.2% | ||
| Q4 24 | -3.3% | 11.8% | ||
| Q3 24 | -11.1% | 9.7% | ||
| Q2 24 | -14.9% | 6.8% |
每股收益（稀释后）FOSLHTH
| Q1 26 | — | $0.64 | ||
| Q4 25 | $-0.76 | $0.68 | ||
| Q3 25 | $-0.04 | $0.74 | ||
| Q2 25 | $-0.33 | $0.57 | ||
| Q1 25 | — | $0.65 | ||
| Q4 24 | $-0.15 | $0.55 | ||
| Q3 24 | $-0.60 | $0.46 | ||
| Q2 24 | $-0.73 | $0.31 |
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 | — |
| 总债务越低越好 | $169.1M | $990.8M |
| 股东权益账面价值 | $112.6M | $2.2B |
| 总资产 | $701.0M | $15.7B |
| 负债/权益比越低杠杆越低 | 1.50× | 0.46× |
8季度趋势，按日历期对齐
现金及短期投资FOSLHTH
| Q1 26 | — | — | ||
| Q4 25 | $79.2M | — | ||
| Q3 25 | $109.9M | — | ||
| Q2 25 | $78.3M | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $123.6M | — | ||
| Q3 24 | $106.3M | — | ||
| Q2 24 | $104.9M | — |
总债务FOSLHTH
| Q1 26 | — | $990.8M | ||
| 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 | — |
股东权益FOSLHTH
| Q1 26 | — | $2.2B | ||
| Q4 25 | $112.6M | $2.2B | ||
| Q3 25 | $150.3M | $2.2B | ||
| Q2 25 | $140.6M | $2.2B | ||
| Q1 25 | — | $2.2B | ||
| Q4 24 | $148.7M | $2.2B | ||
| Q3 24 | $164.4M | $2.2B | ||
| Q2 24 | $189.6M | $2.1B |
总资产FOSLHTH
| Q1 26 | — | $15.7B | ||
| Q4 25 | $701.0M | $15.8B | ||
| Q3 25 | $704.5M | $15.6B | ||
| Q2 25 | $686.0M | $15.4B | ||
| Q1 25 | — | $15.8B | ||
| Q4 24 | $763.6M | $16.3B | ||
| Q3 24 | $812.4M | $15.9B | ||
| Q2 24 | $785.7M | $15.6B |
负债/权益比FOSLHTH
| Q1 26 | — | 0.46× | ||
| 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× | — |
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 | — |
| 自由现金流经营现金流 - 资本支出 | $-22.5M | — |
| 自由现金流率自由现金流/营收 | -8.3% | — |
| 资本支出强度资本支出/营收 | 0.1% | — |
| 现金转化率经营现金流/净利润 | — | — |
| 过去12个月自由现金流最近4个季度 | $-46.0M | — |
8季度趋势，按日历期对齐
经营现金流FOSLHTH
| Q1 26 | — | — | ||
| Q4 25 | $-22.2M | $-38.7M | ||
| Q3 25 | $9.4M | $273.0M | ||
| Q2 25 | $-60.4M | $-234.6M | ||
| Q1 25 | — | $5.8M | ||
| Q4 24 | $30.5M | $273.9M | ||
| Q3 24 | $-22.8M | $515.6M | ||
| Q2 24 | $38.4M | $-435.3M |
自由现金流FOSLHTH
| Q1 26 | — | — | ||
| Q4 25 | $-22.5M | $-55.5M | ||
| Q3 25 | $8.6M | $271.0M | ||
| Q2 25 | $-60.6M | $-234.6M | ||
| Q1 25 | — | $5.0M | ||
| Q4 24 | $28.5M | $266.8M | ||
| Q3 24 | $-24.1M | $513.8M | ||
| Q2 24 | $36.6M | $-437.3M |
自由现金流率FOSLHTH
| Q1 26 | — | — | ||
| Q4 25 | -8.3% | -16.8% | ||
| Q3 25 | 3.9% | 82.1% | ||
| Q2 25 | -26.0% | -77.4% | ||
| Q1 25 | — | 1.6% | ||
| Q4 24 | 8.3% | 88.6% | ||
| Q3 24 | -8.4% | 168.2% | ||
| Q2 24 | 14.1% | -147.2% |
资本支出强度FOSLHTH
| Q1 26 | — | — | ||
| Q4 25 | 0.1% | 5.1% | ||
| Q3 25 | 0.4% | 0.6% | ||
| Q2 25 | 0.1% | 0.0% | ||
| Q1 25 | — | 0.3% | ||
| Q4 24 | 0.6% | 2.4% | ||
| Q3 24 | 0.4% | 0.6% | ||
| Q2 24 | 0.7% | 0.7% |
现金转化率FOSLHTH
| Q1 26 | — | — | ||
| Q4 25 | — | -0.93× | ||
| Q3 25 | — | 5.96× | ||
| Q2 25 | — | -6.50× | ||
| Q1 25 | — | 0.14× | ||
| Q4 24 | — | 7.71× | ||
| Q3 24 | — | 17.36× | ||
| Q2 24 | — | -21.41× |
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% |
HTH
| Noninterest Income | $188.4M | 63% |
| Net Interest Income | $112.1M | 37% |
