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化石集团（FOSL）与CarMax（KMX）财务数据对比。点击上方公司名可切换其他公司
CarMax的季度营收约是化石集团的21.4倍（$5.8B vs $270.2M）。CarMax净利率更高（1.1% vs -14.8%，领先15.9%）。CarMax同比增速更快（-6.9% vs -21.1%）。CarMax自由现金流更多（$1.1B vs $-22.5M）。过去两年CarMax的营收复合增速更高（1.5% 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。
CarMax是美国知名二手车零售企业，下设两大业务板块：零售运营业务与汽车金融服务。该品牌最初是电路城公司的副业项目，1993年9月在弗吉尼亚州里士满开设首家门店，截至2025年1月在全美共运营253家线下门店。
FOSL vs KMX — 直观对比
营收规模更大
KMX
是对方的21.4倍
$270.2M
营收增速更快
KMX
高出14.2%
-21.1%
净利率更高
KMX
高出15.9%
-14.8%
自由现金流更多
KMX
多$1.1B
$-22.5M
两年增速更快
KMX
近两年复合增速
-11.4%
损益表 — Q4 2025 vs Q3 2026
| 指标 | | |
|---|---|---|
| 营收 | $270.2M | $5.8B |
| 净利润 | $-40.0M | $62.2M |
| 毛利率 | 49.0% | 10.2% |
| 营业利润率 | -8.0% | — |
| 净利率 | -14.8% | 1.1% |
| 营收同比 | -21.1% | -6.9% |
| 净利润同比 | -257.8% | -50.4% |
| 每股收益（稀释后） | $-0.76 | $0.43 |
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FOSLKMX
| Q4 25 | $270.2M | $5.8B | ||
| Q3 25 | $220.4M | $6.6B | ||
| Q2 25 | $233.3M | $7.5B | ||
| Q1 25 | — | $6.0B | ||
| Q4 24 | $342.3M | $6.2B | ||
| Q3 24 | $287.8M | $7.0B | ||
| Q2 24 | $260.0M | $7.1B | ||
| Q1 24 | $254.9M | $5.6B |
净利润FOSLKMX
| Q4 25 | $-40.0M | $62.2M | ||
| Q3 25 | $-2.1M | $95.4M | ||
| Q2 25 | $-17.9M | $210.4M | ||
| Q1 25 | — | $89.9M | ||
| Q4 24 | $-11.2M | $125.4M | ||
| Q3 24 | $-31.9M | $132.8M | ||
| Q2 24 | $-38.8M | $152.4M | ||
| Q1 24 | $-24.3M | $50.3M |
毛利率FOSLKMX
| Q4 25 | 49.0% | 10.2% | ||
| Q3 25 | 57.5% | 10.9% | ||
| Q2 25 | 61.3% | 11.8% | ||
| Q1 25 | — | 11.1% | ||
| Q4 24 | 53.9% | 10.9% | ||
| Q3 24 | 49.4% | 10.8% | ||
| Q2 24 | 52.6% | 11.1% | ||
| Q1 24 | 52.4% | 10.4% |
营业利润率FOSLKMX
| Q4 25 | -8.0% | — | ||
| Q3 25 | 3.9% | — | ||
| Q2 25 | -2.9% | — | ||
| Q1 25 | — | 2.0% | ||
| Q4 24 | -4.8% | 2.7% | ||
| Q3 24 | -8.5% | 2.5% | ||
| Q2 24 | -13.1% | 2.9% | ||
| Q1 24 | -11.5% | 1.2% |
净利率FOSLKMX
| Q4 25 | -14.8% | 1.1% | ||
| Q3 25 | -1.0% | 1.4% | ||
| Q2 25 | -7.7% | 2.8% | ||
| Q1 25 | — | 1.5% | ||
| Q4 24 | -3.3% | 2.0% | ||
| Q3 24 | -11.1% | 1.9% | ||
| Q2 24 | -14.9% | 2.1% | ||
| Q1 24 | -9.5% | 0.9% |
每股收益（稀释后）FOSLKMX
| Q4 25 | $-0.76 | $0.43 | ||
| Q3 25 | $-0.04 | $0.64 | ||
| Q2 25 | $-0.33 | $1.38 | ||
| Q1 25 | — | $0.58 | ||
| Q4 24 | $-0.15 | $0.81 | ||
| Q3 24 | $-0.60 | $0.85 | ||
| Q2 24 | $-0.73 | $0.97 | ||
| Q1 24 | $-0.46 | $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 | $204.9M |
| 总债务越低越好 | $169.1M | $16.6B |
| 股东权益账面价值 | $112.6M | $6.1B |
| 总资产 | $701.0M | $25.6B |
| 负债/权益比越低杠杆越低 | 1.50× | 2.74× |
8季度趋势，按日历期对齐
现金及短期投资FOSLKMX
| Q4 25 | $79.2M | $204.9M | ||
| Q3 25 | $109.9M | $540.4M | ||
| Q2 25 | $78.3M | $262.8M | ||
| Q1 25 | — | $247.0M | ||
| Q4 24 | $123.6M | $271.9M | ||
| Q3 24 | $106.3M | $524.7M | ||
| Q2 24 | $104.9M | $218.9M | ||
| Q1 24 | $112.9M | $574.1M |
总债务FOSLKMX
| Q4 25 | $169.1M | $16.6B | ||
| Q3 25 | $165.6M | $17.8B | ||
| Q2 25 | $167.2M | $18.0B | ||
| Q1 25 | — | $18.1B | ||
| Q4 24 | $162.7M | $18.1B | ||
| Q3 24 | $173.4M | $18.1B | ||
| Q2 24 | $156.5M | $18.2B | ||
| Q1 24 | $202.9M | $18.0B |
股东权益FOSLKMX
| Q4 25 | $112.6M | $6.1B | ||
| Q3 25 | $150.3M | $6.2B | ||
| Q2 25 | $140.6M | $6.3B | ||
| Q1 25 | — | $6.2B | ||
| Q4 24 | $148.7M | $6.2B | ||
| Q3 24 | $164.4M | $6.2B | ||
| Q2 24 | $189.6M | $6.2B | ||
| Q1 24 | $229.1M | $6.1B |
总资产FOSLKMX
| Q4 25 | $701.0M | $25.6B | ||
| Q3 25 | $704.5M | $27.1B | ||
| Q2 25 | $686.0M | $27.4B | ||
| Q1 25 | — | $27.4B | ||
| Q4 24 | $763.6M | $27.3B | ||
| Q3 24 | $812.4M | $27.3B | ||
| Q2 24 | $785.7M | $27.2B | ||
| Q1 24 | $891.0M | $27.2B |
负债/权益比FOSLKMX
| Q4 25 | 1.50× | 2.74× | ||
| Q3 25 | 1.10× | 2.87× | ||
| Q2 25 | 1.19× | 2.86× | ||
| Q1 25 | — | 2.91× | ||
| Q4 24 | 1.09× | 2.92× | ||
| Q3 24 | 1.06× | 2.93× | ||
| Q2 24 | 0.83× | 2.95× | ||
| Q1 24 | 0.89× | 2.96× |
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 | $1.3B |
| 自由现金流经营现金流 - 资本支出 | $-22.5M | $1.1B |
| 自由现金流率自由现金流/营收 | -8.3% | 19.2% |
| 资本支出强度资本支出/营收 | 0.1% | 2.4% |
| 现金转化率经营现金流/净利润 | — | 20.14× |
| 过去12个月自由现金流最近4个季度 | $-46.0M | $1.9B |
8季度趋势，按日历期对齐
经营现金流FOSLKMX
| Q4 25 | $-22.2M | $1.3B | ||
| Q3 25 | $9.4M | $785.5M | ||
| Q2 25 | $-60.4M | $299.5M | ||
| Q1 25 | — | $146.4M | ||
| Q4 24 | $30.5M | $-23.4M | ||
| Q3 24 | $-22.8M | $619.1M | ||
| Q2 24 | $38.4M | $-117.7M | ||
| Q1 24 | $622.0K | $309.6M |
自由现金流FOSLKMX
| Q4 25 | $-22.5M | $1.1B | ||
| Q3 25 | $8.6M | $654.0M | ||
| Q2 25 | $-60.6M | $162.8M | ||
| Q1 25 | — | $18.8M | ||
| Q4 24 | $28.5M | $-150.6M | ||
| Q3 24 | $-24.1M | $509.9M | ||
| Q2 24 | $36.6M | $-221.6M | ||
| Q1 24 | $-1.1M | $199.8M |
自由现金流率FOSLKMX
| Q4 25 | -8.3% | 19.2% | ||
| Q3 25 | 3.9% | 9.9% | ||
| Q2 25 | -26.0% | 2.2% | ||
| Q1 25 | — | 0.3% | ||
| Q4 24 | 8.3% | -2.4% | ||
| Q3 24 | -8.4% | 7.3% | ||
| Q2 24 | 14.1% | -3.1% | ||
| Q1 24 | -0.4% | 3.6% |
资本支出强度FOSLKMX
| Q4 25 | 0.1% | 2.4% | ||
| Q3 25 | 0.4% | 2.0% | ||
| Q2 25 | 0.1% | 1.8% | ||
| Q1 25 | — | 2.1% | ||
| Q4 24 | 0.6% | 2.0% | ||
| Q3 24 | 0.4% | 1.6% | ||
| Q2 24 | 0.7% | 1.5% | ||
| Q1 24 | 0.7% | 2.0% |
现金转化率FOSLKMX
| Q4 25 | — | 20.14× | ||
| Q3 25 | — | 8.24× | ||
| Q2 25 | — | 1.42× | ||
| Q1 25 | — | 1.63× | ||
| Q4 24 | — | -0.19× | ||
| Q3 24 | — | 4.66× | ||
| Q2 24 | — | -0.77× | ||
| Q1 24 | — | 6.16× |
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% |
KMX
| Used Vehicles | $4.5B | 78% |
| Wholesale Vehicles | $1.1B | 19% |
| Other | $150.6M | 3% |
| Extendedprotectionplan Domain | $96.6M | 2% |
| Advertising Subscription Revenues Domain | $35.1M | 1% |
| Service Domain | $18.5M | 0% |
| Thirdpartyfinancefees Domain | $3.0M | 0% |
