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化石集团（FOSL）与KADANT INC（KAI）财务数据对比。点击上方公司名可切换其他公司
KADANT INC的季度营收约是化石集团的1.0倍（$271.6M vs $270.2M），KADANT INC净利率更高（10.2% vs -14.8%，领先25.0%），KADANT INC同比增速更快（-0.0% vs -21.1%），KADANT INC自由现金流更多（$44.1M vs $-22.5M），过去两年KADANT INC的营收复合增速更高（6.7% 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。
Kadant Inc.创立于1991年，最初是Thermo Electron的子公司，部分股权私有、部分公开交易，2001年完成完全分拆并启用现名。公司服务于造纸、废纸回收、木材加工、物料搬运等多个加工领域，是业务覆盖亚洲、欧洲、北美、南美的跨国企业。
FOSL vs KAI — 直观对比
营收规模更大
KAI
是对方的1.0倍
$270.2M
营收增速更快
KAI
高出21.0%
-21.1%
净利率更高
KAI
高出25.0%
-14.8%
自由现金流更多
KAI
多$66.6M
$-22.5M
两年增速更快
KAI
近两年复合增速
-11.4%
损益表 — Q3 FY2025 vs Q3 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $270.2M | $271.6M |
| 净利润 | $-40.0M | $27.7M |
| 毛利率 | 49.0% | 45.2% |
| 营业利润率 | -8.0% | 15.7% |
| 净利率 | -14.8% | 10.2% |
| 营收同比 | -21.1% | -0.0% |
| 净利润同比 | -257.8% | -12.2% |
| 每股收益（稀释后） | $-0.76 | $2.35 |
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FOSLKAI
| Q4 25 | $270.2M | — | ||
| Q3 25 | $220.4M | $271.6M | ||
| Q2 25 | $233.3M | $255.3M | ||
| Q1 25 | — | $239.2M | ||
| Q4 24 | $342.3M | $258.0M | ||
| Q3 24 | $287.8M | $271.6M | ||
| Q2 24 | $260.0M | $274.8M | ||
| Q1 24 | $254.9M | $249.0M |
净利润FOSLKAI
| Q4 25 | $-40.0M | — | ||
| Q3 25 | $-2.1M | $27.7M | ||
| Q2 25 | $-17.9M | $26.2M | ||
| Q1 25 | — | $24.1M | ||
| Q4 24 | $-11.2M | $24.0M | ||
| Q3 24 | $-31.9M | $31.6M | ||
| Q2 24 | $-38.8M | $31.3M | ||
| Q1 24 | $-24.3M | $24.7M |
毛利率FOSLKAI
| Q4 25 | 49.0% | — | ||
| Q3 25 | 57.5% | 45.2% | ||
| Q2 25 | 61.3% | 45.9% | ||
| Q1 25 | — | 46.1% | ||
| Q4 24 | 53.9% | 43.4% | ||
| Q3 24 | 49.4% | 44.7% | ||
| Q2 24 | 52.6% | 44.4% | ||
| Q1 24 | 52.4% | 44.6% |
营业利润率FOSLKAI
| Q4 25 | -8.0% | — | ||
| Q3 25 | 3.9% | 15.7% | ||
| Q2 25 | -2.9% | 15.4% | ||
| Q1 25 | — | 14.9% | ||
| Q4 24 | -4.8% | 14.3% | ||
| Q3 24 | -8.5% | 18.0% | ||
| Q2 24 | -13.1% | 17.6% | ||
| Q1 24 | -11.5% | 14.8% |
净利率FOSLKAI
| Q4 25 | -14.8% | — | ||
| Q3 25 | -1.0% | 10.2% | ||
| Q2 25 | -7.7% | 10.2% | ||
| Q1 25 | — | 10.1% | ||
| Q4 24 | -3.3% | 9.3% | ||
| Q3 24 | -11.1% | 11.6% | ||
| Q2 24 | -14.9% | 11.4% | ||
| Q1 24 | -9.5% | 9.9% |
每股收益（稀释后）FOSLKAI
| Q4 25 | $-0.76 | — | ||
| Q3 25 | $-0.04 | $2.35 | ||
| Q2 25 | $-0.33 | $2.22 | ||
| Q1 25 | — | $2.04 | ||
| Q4 24 | $-0.15 | $2.04 | ||
| Q3 24 | $-0.60 | $2.68 | ||
| Q2 24 | $-0.73 | $2.66 | ||
| Q1 24 | $-0.46 | $2.10 |
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 | $124.5M |
| 总债务越低越好 | $169.1M | $254.6M |
| 股东权益账面价值 | $112.6M | $949.8M |
| 总资产 | $701.0M | $1.5B |
| 负债/权益比越低杠杆越低 | 1.50× | 0.27× |
8季度趋势，按日历期对齐
现金及短期投资FOSLKAI
| Q4 25 | $79.2M | — | ||
| Q3 25 | $109.9M | $124.5M | ||
| Q2 25 | $78.3M | $95.3M | ||
| Q1 25 | — | $91.7M | ||
| Q4 24 | $123.6M | $94.7M | ||
| Q3 24 | $106.3M | $88.4M | ||
| Q2 24 | $104.9M | $73.8M | ||
| Q1 24 | $112.9M | $81.4M |
总债务FOSLKAI
| Q4 25 | $169.1M | — | ||
| Q3 25 | $165.6M | $254.6M | ||
| Q2 25 | $167.2M | $245.7M | ||
| Q1 25 | — | $273.5M | ||
| Q4 24 | $162.7M | $285.2M | ||
| Q3 24 | $173.4M | $323.2M | ||
| Q2 24 | $156.5M | $342.0M | ||
| Q1 24 | $202.9M | $306.8M |
股东权益FOSLKAI
| Q4 25 | $112.6M | — | ||
| Q3 25 | $150.3M | $949.8M | ||
| Q2 25 | $140.6M | $926.0M | ||
| Q1 25 | — | $876.0M | ||
| Q4 24 | $148.7M | $847.1M | ||
| Q3 24 | $164.4M | $851.7M | ||
| Q2 24 | $189.6M | $807.7M | ||
| Q1 24 | $229.1M | $782.7M |
总资产FOSLKAI
| Q4 25 | $701.0M | — | ||
| Q3 25 | $704.5M | $1.5B | ||
| Q2 25 | $686.0M | $1.5B | ||
| Q1 25 | — | $1.4B | ||
| Q4 24 | $763.6M | $1.4B | ||
| Q3 24 | $812.4M | $1.5B | ||
| Q2 24 | $785.7M | $1.5B | ||
| Q1 24 | $891.0M | $1.4B |
负债/权益比FOSLKAI
| Q4 25 | 1.50× | — | ||
| Q3 25 | 1.10× | 0.27× | ||
| Q2 25 | 1.19× | 0.27× | ||
| Q1 25 | — | 0.31× | ||
| Q4 24 | 1.09× | 0.34× | ||
| Q3 24 | 1.06× | 0.38× | ||
| Q2 24 | 0.83× | 0.42× | ||
| Q1 24 | 0.89× | 0.39× |
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 | $47.3M |
| 自由现金流经营现金流 - 资本支出 | $-22.5M | $44.1M |
| 自由现金流率自由现金流/营收 | -8.3% | 16.2% |
| 资本支出强度资本支出/营收 | 0.1% | 1.2% |
| 现金转化率经营现金流/净利润 | — | 1.70× |
| 过去12个月自由现金流最近4个季度 | $-46.0M | $145.9M |
8季度趋势，按日历期对齐
经营现金流FOSLKAI
| Q4 25 | $-22.2M | — | ||
| Q3 25 | $9.4M | $47.3M | ||
| Q2 25 | $-60.4M | $40.5M | ||
| Q1 25 | — | $22.8M | ||
| Q4 24 | $30.5M | $51.9M | ||
| Q3 24 | $-22.8M | $52.5M | ||
| Q2 24 | $38.4M | $28.1M | ||
| Q1 24 | $622.0K | $22.8M |
自由现金流FOSLKAI
| Q4 25 | $-22.5M | — | ||
| Q3 25 | $8.6M | $44.1M | ||
| Q2 25 | $-60.6M | $36.5M | ||
| Q1 25 | — | $19.0M | ||
| Q4 24 | $28.5M | $46.3M | ||
| Q3 24 | $-24.1M | $48.3M | ||
| Q2 24 | $36.6M | $23.1M | ||
| Q1 24 | $-1.1M | $16.6M |
自由现金流率FOSLKAI
| Q4 25 | -8.3% | — | ||
| Q3 25 | 3.9% | 16.2% | ||
| Q2 25 | -26.0% | 14.3% | ||
| Q1 25 | — | 7.9% | ||
| Q4 24 | 8.3% | 17.9% | ||
| Q3 24 | -8.4% | 17.8% | ||
| Q2 24 | 14.1% | 8.4% | ||
| Q1 24 | -0.4% | 6.7% |
资本支出强度FOSLKAI
| Q4 25 | 0.1% | — | ||
| Q3 25 | 0.4% | 1.2% | ||
| Q2 25 | 0.1% | 1.6% | ||
| Q1 25 | — | 1.6% | ||
| Q4 24 | 0.6% | 2.2% | ||
| Q3 24 | 0.4% | 1.5% | ||
| Q2 24 | 0.7% | 1.8% | ||
| Q1 24 | 0.7% | 2.5% |
现金转化率FOSLKAI
| Q4 25 | — | — | ||
| Q3 25 | — | 1.70× | ||
| Q2 25 | — | 1.55× | ||
| Q1 25 | — | 0.95× | ||
| Q4 24 | — | 2.16× | ||
| Q3 24 | — | 1.66× | ||
| Q2 24 | — | 0.90× | ||
| Q1 24 | — | 0.92× |
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% |
KAI
| Flow Control | $94.8M | 35% |
| Capital | $83.2M | 31% |
| Material Handling Systems | $70.3M | 26% |
| Transferred Over Time | $17.1M | 6% |
| Other | $6.1M | 2% |
