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化石集团（FOSL）与百胜餐饮集团（LCUT）财务数据对比。点击上方公司名可切换其他公司
化石集团的季度营收约是百胜餐饮集团的1.3倍（$270.2M vs $204.1M），百胜餐饮集团净利率更高（8.9% vs -14.8%，领先23.7%），百胜餐饮集团同比增速更快（-5.2% vs -21.1%），百胜餐饮集团自由现金流更多（$2.6M vs $-22.5M），过去两年百胜餐饮集团的营收复合增速更高（19.8% 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。
百胜餐饮集团是美国跨国快餐企业，1977年百事可乐收购肯德基、必胜客、塔可Bell后将其整合为旗下子公司，1997年百事剥离该业务板块后正式独立为百胜集团。集团目前运营肯德基、必胜客、塔可Bell、哈比特汉堡等多个餐饮品牌，同时布局相关餐饮科技业务，门店网络遍布全球多个国家和地区。
FOSL vs LCUT — 直观对比
营收规模更大
FOSL
是对方的1.3倍
$204.1M
营收增速更快
LCUT
高出15.9%
-21.1%
净利率更高
LCUT
高出23.7%
-14.8%
自由现金流更多
LCUT
多$25.1M
$-22.5M
两年增速更快
LCUT
近两年复合增速
-11.4%
损益表 — Q3 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $270.2M | $204.1M |
| 净利润 | $-40.0M | $18.2M |
| 毛利率 | 49.0% | 38.6% |
| 营业利润率 | -8.0% | 9.8% |
| 净利率 | -14.8% | 8.9% |
| 营收同比 | -21.1% | -5.2% |
| 净利润同比 | -257.8% | 103.5% |
| 每股收益（稀释后） | $-0.76 | $0.83 |
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FOSLLCUT
| Q4 25 | $270.2M | $204.1M | ||
| Q3 25 | $220.4M | $171.9M | ||
| Q2 25 | $233.3M | $131.9M | ||
| Q1 25 | — | $140.1M | ||
| Q4 24 | $342.3M | $215.2M | ||
| Q3 24 | $287.8M | $183.8M | ||
| Q2 24 | $260.0M | $141.7M | ||
| Q1 24 | $254.9M | $142.2M |
净利润FOSLLCUT
| Q4 25 | $-40.0M | $18.2M | ||
| Q3 25 | $-2.1M | $-1.2M | ||
| Q2 25 | $-17.9M | $-39.7M | ||
| Q1 25 | — | $-4.2M | ||
| Q4 24 | $-11.2M | $8.9M | ||
| Q3 24 | $-31.9M | $344.0K | ||
| Q2 24 | $-38.8M | $-18.2M | ||
| Q1 24 | $-24.3M | $-6.3M |
毛利率FOSLLCUT
| Q4 25 | 49.0% | 38.6% | ||
| Q3 25 | 57.5% | 35.1% | ||
| Q2 25 | 61.3% | 38.6% | ||
| Q1 25 | — | 36.1% | ||
| Q4 24 | 53.9% | 37.7% | ||
| Q3 24 | 49.4% | 36.7% | ||
| Q2 24 | 52.6% | 38.5% | ||
| Q1 24 | 52.4% | 40.5% |
营业利润率FOSLLCUT
| Q4 25 | -8.0% | 9.8% | ||
| Q3 25 | 3.9% | 3.9% | ||
| Q2 25 | -2.9% | -28.2% | ||
| Q1 25 | — | 0.8% | ||
| Q4 24 | -4.8% | 7.2% | ||
| Q3 24 | -8.5% | 4.7% | ||
| Q2 24 | -13.1% | 0.8% | ||
| Q1 24 | -11.5% | 1.3% |
净利率FOSLLCUT
| Q4 25 | -14.8% | 8.9% | ||
| Q3 25 | -1.0% | -0.7% | ||
| Q2 25 | -7.7% | -30.1% | ||
| Q1 25 | — | -3.0% | ||
| Q4 24 | -3.3% | 4.1% | ||
| Q3 24 | -11.1% | 0.2% | ||
| Q2 24 | -14.9% | -12.8% | ||
| Q1 24 | -9.5% | -4.4% |
每股收益（稀释后）FOSLLCUT
| Q4 25 | $-0.76 | $0.83 | ||
| Q3 25 | $-0.04 | $-0.05 | ||
| Q2 25 | $-0.33 | $-1.83 | ||
| Q1 25 | — | $-0.19 | ||
| Q4 24 | $-0.15 | $0.41 | ||
| Q3 24 | $-0.60 | $0.02 | ||
| Q2 24 | $-0.73 | $-0.85 | ||
| Q1 24 | $-0.46 | $-0.29 |
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 | $4.3M |
| 总债务越低越好 | $169.1M | $135.0M |
| 股东权益账面价值 | $112.6M | $202.3M |
| 总资产 | $701.0M | $572.6M |
| 负债/权益比越低杠杆越低 | 1.50× | 0.67× |
8季度趋势，按日历期对齐
现金及短期投资FOSLLCUT
| Q4 25 | $79.2M | $4.3M | ||
| Q3 25 | $109.9M | $12.1M | ||
| Q2 25 | $78.3M | $12.0M | ||
| Q1 25 | — | $10.4M | ||
| Q4 24 | $123.6M | $2.9M | ||
| Q3 24 | $106.3M | $6.0M | ||
| Q2 24 | $104.9M | $3.4M | ||
| Q1 24 | $112.9M | $4.6M |
总债务FOSLLCUT
| Q4 25 | $169.1M | $135.0M | ||
| Q3 25 | $165.6M | — | ||
| Q2 25 | $167.2M | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $162.7M | $142.5M | ||
| Q3 24 | $173.4M | — | ||
| Q2 24 | $156.5M | — | ||
| Q1 24 | $202.9M | — |
股东权益FOSLLCUT
| Q4 25 | $112.6M | $202.3M | ||
| Q3 25 | $150.3M | $184.6M | ||
| Q2 25 | $140.6M | $185.8M | ||
| Q1 25 | — | $225.7M | ||
| Q4 24 | $148.7M | $229.9M | ||
| Q3 24 | $164.4M | $220.9M | ||
| Q2 24 | $189.6M | $219.8M | ||
| Q1 24 | $229.1M | $223.7M |
总资产FOSLLCUT
| Q4 25 | $701.0M | $572.6M | ||
| Q3 25 | $704.5M | $581.1M | ||
| Q2 25 | $686.0M | $551.9M | ||
| Q1 25 | — | $594.6M | ||
| Q4 24 | $763.6M | $634.3M | ||
| Q3 24 | $812.4M | $668.7M | ||
| Q2 24 | $785.7M | $617.0M | ||
| Q1 24 | $891.0M | $602.7M |
负债/权益比FOSLLCUT
| Q4 25 | 1.50× | 0.67× | ||
| Q3 25 | 1.10× | — | ||
| Q2 25 | 1.19× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 1.09× | 0.62× | ||
| 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 | $3.7M |
| 自由现金流经营现金流 - 资本支出 | $-22.5M | $2.6M |
| 自由现金流率自由现金流/营收 | -8.3% | 1.3% |
| 资本支出强度资本支出/营收 | 0.1% | 0.6% |
| 现金转化率经营现金流/净利润 | — | 0.21× |
| 过去12个月自由现金流最近4个季度 | $-46.0M | $3.3M |
8季度趋势，按日历期对齐
经营现金流FOSLLCUT
| Q4 25 | $-22.2M | $3.7M | ||
| Q3 25 | $9.4M | $-22.2M | ||
| Q2 25 | $-60.4M | $9.3M | ||
| Q1 25 | — | $16.7M | ||
| Q4 24 | $30.5M | $20.3M | ||
| Q3 24 | $-22.8M | $-22.7M | ||
| Q2 24 | $38.4M | $10.4M | ||
| Q1 24 | $622.0K | $10.5M |
自由现金流FOSLLCUT
| Q4 25 | $-22.5M | $2.6M | ||
| Q3 25 | $8.6M | $-22.7M | ||
| Q2 25 | $-60.6M | $8.2M | ||
| Q1 25 | — | $15.1M | ||
| Q4 24 | $28.5M | $19.7M | ||
| Q3 24 | $-24.1M | $-23.2M | ||
| Q2 24 | $36.6M | $9.9M | ||
| Q1 24 | $-1.1M | $9.9M |
自由现金流率FOSLLCUT
| Q4 25 | -8.3% | 1.3% | ||
| Q3 25 | 3.9% | -13.2% | ||
| Q2 25 | -26.0% | 6.2% | ||
| Q1 25 | — | 10.8% | ||
| Q4 24 | 8.3% | 9.1% | ||
| Q3 24 | -8.4% | -12.6% | ||
| Q2 24 | 14.1% | 7.0% | ||
| Q1 24 | -0.4% | 7.0% |
资本支出强度FOSLLCUT
| Q4 25 | 0.1% | 0.6% | ||
| Q3 25 | 0.4% | 0.3% | ||
| Q2 25 | 0.1% | 0.9% | ||
| Q1 25 | — | 1.1% | ||
| Q4 24 | 0.6% | 0.3% | ||
| Q3 24 | 0.4% | 0.3% | ||
| Q2 24 | 0.7% | 0.4% | ||
| Q1 24 | 0.7% | 0.4% |
现金转化率FOSLLCUT
| Q4 25 | — | 0.21× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 2.28× | ||
| Q3 24 | — | -65.89× | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
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% |
LCUT
| Kitchenware | $114.3M | 56% |
| Tableware | $41.7M | 20% |
| Home Solutions | $29.4M | 14% |
| Other | $18.8M | 9% |
