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化石集团（FOSL）与Mativ Holdings, Inc.（MATV）财务数据对比。点击上方公司名可切换其他公司
Mativ Holdings, Inc.的季度营收约是化石集团的1.7倍（$463.1M vs $270.2M），Mativ Holdings, Inc.净利率更高（21.8% vs -14.8%，领先36.6%），Mativ Holdings, Inc.同比增速更快（1.0% vs -21.1%），Mativ Holdings, Inc.自由现金流更多（$8.0M vs $-22.5M），过去两年Mativ Holdings, Inc.的营收复合增速更高（-3.8% 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。
Mativ Holdings是一家全球特种材料制造商，主要生产高性能先进聚合物、无纺布、过滤解决方案及功能性涂层材料，服务医疗、工业、消费品、航空航天、能源等领域，业务遍及北美、欧洲及亚太地区。
FOSL vs MATV — 直观对比
营收规模更大
MATV
是对方的1.7倍
$270.2M
营收增速更快
MATV
高出22.0%
-21.1%
净利率更高
MATV
高出36.6%
-14.8%
自由现金流更多
MATV
多$30.5M
$-22.5M
两年增速更快
MATV
近两年复合增速
-11.4%
损益表 — Q3 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $270.2M | $463.1M |
| 净利润 | $-40.0M | $100.8M |
| 毛利率 | 49.0% | 18.8% |
| 营业利润率 | -8.0% | 2.2% |
| 净利率 | -14.8% | 21.8% |
| 营收同比 | -21.1% | 1.0% |
| 净利润同比 | -257.8% | 6620.0% |
| 每股收益（稀释后） | $-0.76 | $1.87 |
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FOSLMATV
| Q4 25 | $270.2M | $463.1M | ||
| Q3 25 | $220.4M | $513.7M | ||
| Q2 25 | $233.3M | $525.4M | ||
| Q1 25 | — | $484.8M | ||
| Q4 24 | $342.3M | $458.6M | ||
| Q3 24 | $287.8M | $498.5M | ||
| Q2 24 | $260.0M | $523.8M | ||
| Q1 24 | $254.9M | $500.2M |
净利润FOSLMATV
| Q4 25 | $-40.0M | $100.8M | ||
| Q3 25 | $-2.1M | $-3.2M | ||
| Q2 25 | $-17.9M | $-9.5M | ||
| Q1 25 | — | $-425.5M | ||
| Q4 24 | $-11.2M | $1.5M | ||
| Q3 24 | $-31.9M | $-20.8M | ||
| Q2 24 | $-38.8M | $-1.4M | ||
| Q1 24 | $-24.3M | $-28.0M |
毛利率FOSLMATV
| Q4 25 | 49.0% | 18.8% | ||
| Q3 25 | 57.5% | 19.3% | ||
| Q2 25 | 61.3% | 19.7% | ||
| Q1 25 | — | 15.0% | ||
| Q4 24 | 53.9% | 16.9% | ||
| Q3 24 | 49.4% | 18.8% | ||
| Q2 24 | 52.6% | 20.8% | ||
| Q1 24 | 52.4% | 16.8% |
营业利润率FOSLMATV
| Q4 25 | -8.0% | 2.2% | ||
| Q3 25 | 3.9% | 3.1% | ||
| Q2 25 | -2.9% | 3.8% | ||
| Q1 25 | — | -88.8% | ||
| Q4 24 | -4.8% | 0.6% | ||
| Q3 24 | -8.5% | 1.4% | ||
| Q2 24 | -13.1% | 2.0% | ||
| Q1 24 | -11.5% | -2.8% |
净利率FOSLMATV
| Q4 25 | -14.8% | 21.8% | ||
| Q3 25 | -1.0% | -0.6% | ||
| Q2 25 | -7.7% | -1.8% | ||
| Q1 25 | — | -87.8% | ||
| Q4 24 | -3.3% | 0.3% | ||
| Q3 24 | -11.1% | -4.2% | ||
| Q2 24 | -14.9% | -0.3% | ||
| Q1 24 | -9.5% | -5.6% |
每股收益（稀释后）FOSLMATV
| Q4 25 | $-0.76 | $1.87 | ||
| Q3 25 | $-0.04 | $-0.06 | ||
| Q2 25 | $-0.33 | $-0.18 | ||
| Q1 25 | — | $-7.82 | ||
| Q4 24 | $-0.15 | $0.03 | ||
| Q3 24 | $-0.60 | $-0.38 | ||
| Q2 24 | $-0.73 | $-0.03 | ||
| Q1 24 | $-0.46 | $-0.52 |
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 | $84.2M |
| 总债务越低越好 | $169.1M | $1.0B |
| 股东权益账面价值 | $112.6M | $498.7M |
| 总资产 | $701.0M | $2.1B |
| 负债/权益比越低杠杆越低 | 1.50× | 2.07× |
8季度趋势，按日历期对齐
现金及短期投资FOSLMATV
| Q4 25 | $79.2M | $84.2M | ||
| Q3 25 | $109.9M | $97.1M | ||
| Q2 25 | $78.3M | $95.6M | ||
| Q1 25 | — | $84.0M | ||
| Q4 24 | $123.6M | $94.3M | ||
| Q3 24 | $106.3M | $162.2M | ||
| Q2 24 | $104.9M | $133.4M | ||
| Q1 24 | $112.9M | $128.9M |
总债务FOSLMATV
| Q4 25 | $169.1M | $1.0B | ||
| Q3 25 | $165.6M | $1.0B | ||
| Q2 25 | $167.2M | $1.1B | ||
| Q1 25 | — | $1.1B | ||
| Q4 24 | $162.7M | $1.1B | ||
| Q3 24 | $173.4M | $1.2B | ||
| Q2 24 | $156.5M | $1.2B | ||
| Q1 24 | $202.9M | $1.2B |
股东权益FOSLMATV
| Q4 25 | $112.6M | $498.7M | ||
| Q3 25 | $150.3M | $397.4M | ||
| Q2 25 | $140.6M | $416.6M | ||
| Q1 25 | — | $428.2M | ||
| Q4 24 | $148.7M | $858.5M | ||
| Q3 24 | $164.4M | $882.3M | ||
| Q2 24 | $189.6M | $898.0M | ||
| Q1 24 | $229.1M | $906.9M |
总资产FOSLMATV
| Q4 25 | $701.0M | $2.1B | ||
| Q3 25 | $704.5M | $2.0B | ||
| Q2 25 | $686.0M | $2.1B | ||
| Q1 25 | — | $2.1B | ||
| Q4 24 | $763.6M | $2.4B | ||
| Q3 24 | $812.4M | $2.6B | ||
| Q2 24 | $785.7M | $2.6B | ||
| Q1 24 | $891.0M | $2.7B |
负债/权益比FOSLMATV
| Q4 25 | 1.50× | 2.07× | ||
| Q3 25 | 1.10× | 2.63× | ||
| Q2 25 | 1.19× | 2.66× | ||
| Q1 25 | — | 2.67× | ||
| Q4 24 | 1.09× | 1.30× | ||
| Q3 24 | 1.06× | 1.32× | ||
| Q2 24 | 0.83× | 1.29× | ||
| Q1 24 | 0.89× | 1.30× |
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 | $19.3M |
| 自由现金流经营现金流 - 资本支出 | $-22.5M | $8.0M |
| 自由现金流率自由现金流/营收 | -8.3% | 1.7% |
| 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 | — | 0.19× |
| 过去12个月自由现金流最近4个季度 | $-46.0M | $93.8M |
8季度趋势，按日历期对齐
经营现金流FOSLMATV
| Q4 25 | $-22.2M | $19.3M | ||
| Q3 25 | $9.4M | $72.8M | ||
| Q2 25 | $-60.4M | $57.6M | ||
| Q1 25 | — | $-15.9M | ||
| Q4 24 | $30.5M | $24.1M | ||
| Q3 24 | $-22.8M | $37.6M | ||
| Q2 24 | $38.4M | $46.1M | ||
| Q1 24 | $622.0K | $-13.0M |
自由现金流FOSLMATV
| Q4 25 | $-22.5M | $8.0M | ||
| Q3 25 | $8.6M | $66.7M | ||
| Q2 25 | $-60.6M | $48.9M | ||
| Q1 25 | — | $-29.8M | ||
| Q4 24 | $28.5M | $2.0M | ||
| Q3 24 | $-24.1M | $25.5M | ||
| Q2 24 | $36.6M | $37.4M | ||
| Q1 24 | $-1.1M | $-25.1M |
自由现金流率FOSLMATV
| Q4 25 | -8.3% | 1.7% | ||
| Q3 25 | 3.9% | 13.0% | ||
| Q2 25 | -26.0% | 9.3% | ||
| Q1 25 | — | -6.1% | ||
| Q4 24 | 8.3% | 0.4% | ||
| Q3 24 | -8.4% | 5.1% | ||
| Q2 24 | 14.1% | 7.1% | ||
| Q1 24 | -0.4% | -5.0% |
资本支出强度FOSLMATV
| Q4 25 | 0.1% | 2.4% | ||
| Q3 25 | 0.4% | 1.2% | ||
| Q2 25 | 0.1% | 1.7% | ||
| Q1 25 | — | 2.9% | ||
| Q4 24 | 0.6% | 4.8% | ||
| Q3 24 | 0.4% | 2.4% | ||
| Q2 24 | 0.7% | 1.7% | ||
| Q1 24 | 0.7% | 2.4% |
现金转化率FOSLMATV
| Q4 25 | — | 0.19× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 16.07× | ||
| Q3 24 | — | — | ||
| 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% |
MATV
| Other | $208.7M | 45% |
| SAS Segment | $157.4M | 34% |
| FAM Segment | $97.0M | 21% |
