vs
化石集团（FOSL）与RBC Bearings INC（RBC）财务数据对比。点击上方公司名可切换其他公司
RBC Bearings INC的季度营收约是化石集团的1.7倍（$461.6M vs $270.2M），RBC Bearings INC净利率更高（14.6% vs -14.8%，领先29.4%），RBC Bearings INC同比增速更快（17.0% vs -21.1%），RBC Bearings INC自由现金流更多（$99.1M vs $-22.5M），过去两年RBC Bearings INC的营收复合增速更高（5.6% 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。
该文本实际介绍的并非RBC Bearings，而是美国多佛公司。多佛是一家工业产品综合制造商，1955年成立，总部位于伊利诺伊州当纳斯格罗夫。2021年其业务分为五大板块：工程产品、清洁能源与加注、成像与识别、泵与工艺解决方案、气候与可持续技术，是标普500成分股，在纽约证券交易所上市。
FOSL vs RBC — 直观对比
营收规模更大
RBC
是对方的1.7倍
$270.2M
营收增速更快
RBC
高出38.1%
-21.1%
净利率更高
RBC
高出29.4%
-14.8%
自由现金流更多
RBC
多$121.6M
$-22.5M
两年增速更快
RBC
近两年复合增速
-11.4%
损益表 — Q3 FY2025 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $270.2M | $461.6M |
| 净利润 | $-40.0M | $67.4M |
| 毛利率 | 49.0% | 44.3% |
| 营业利润率 | -8.0% | 22.3% |
| 净利率 | -14.8% | 14.6% |
| 营收同比 | -21.1% | 17.0% |
| 净利润同比 | -257.8% | 16.4% |
| 每股收益（稀释后） | $-0.76 | $2.13 |
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FOSLRBC
| Q4 25 | $270.2M | $461.6M | ||
| Q3 25 | $220.4M | $455.3M | ||
| Q2 25 | $233.3M | $436.0M | ||
| Q1 25 | — | $437.7M | ||
| Q4 24 | $342.3M | $394.4M | ||
| Q3 24 | $287.8M | $397.9M | ||
| Q2 24 | $260.0M | $406.3M | ||
| Q1 24 | $254.9M | $413.7M |
净利润FOSLRBC
| Q4 25 | $-40.0M | $67.4M | ||
| Q3 25 | $-2.1M | $60.0M | ||
| Q2 25 | $-17.9M | $68.5M | ||
| Q1 25 | — | $72.7M | ||
| Q4 24 | $-11.2M | $57.9M | ||
| Q3 24 | $-31.9M | $54.2M | ||
| Q2 24 | $-38.8M | $61.4M | ||
| Q1 24 | $-24.3M | — |
毛利率FOSLRBC
| Q4 25 | 49.0% | 44.3% | ||
| Q3 25 | 57.5% | 44.1% | ||
| Q2 25 | 61.3% | 44.8% | ||
| Q1 25 | — | 44.2% | ||
| Q4 24 | 53.9% | 44.3% | ||
| Q3 24 | 49.4% | 43.7% | ||
| Q2 24 | 52.6% | 45.3% | ||
| Q1 24 | 52.4% | 43.1% |
营业利润率FOSLRBC
| Q4 25 | -8.0% | 22.3% | ||
| Q3 25 | 3.9% | 21.5% | ||
| Q2 25 | -2.9% | 23.2% | ||
| Q1 25 | — | 23.0% | ||
| Q4 24 | -4.8% | 21.7% | ||
| Q3 24 | -8.5% | 21.6% | ||
| Q2 24 | -13.1% | 24.0% | ||
| Q1 24 | -11.5% | 22.8% |
净利率FOSLRBC
| Q4 25 | -14.8% | 14.6% | ||
| Q3 25 | -1.0% | 13.2% | ||
| Q2 25 | -7.7% | 15.7% | ||
| Q1 25 | — | 16.6% | ||
| Q4 24 | -3.3% | 14.7% | ||
| Q3 24 | -11.1% | 13.6% | ||
| Q2 24 | -14.9% | 15.1% | ||
| Q1 24 | -9.5% | — |
每股收益（稀释后）FOSLRBC
| Q4 25 | $-0.76 | $2.13 | ||
| Q3 25 | $-0.04 | $1.90 | ||
| Q2 25 | $-0.33 | $2.17 | ||
| Q1 25 | — | $2.33 | ||
| Q4 24 | $-0.15 | $1.82 | ||
| Q3 24 | $-0.60 | $1.65 | ||
| Q2 24 | $-0.73 | $1.90 | ||
| Q1 24 | $-0.46 | $1.92 |
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 | $107.6M |
| 总债务越低越好 | $169.1M | $990.2M |
| 股东权益账面价值 | $112.6M | $3.3B |
| 总资产 | $701.0M | $5.1B |
| 负债/权益比越低杠杆越低 | 1.50× | 0.30× |
8季度趋势，按日历期对齐
现金及短期投资FOSLRBC
| Q4 25 | $79.2M | $107.6M | ||
| Q3 25 | $109.9M | $91.2M | ||
| Q2 25 | $78.3M | $132.9M | ||
| Q1 25 | — | $36.8M | ||
| Q4 24 | $123.6M | — | ||
| Q3 24 | $106.3M | — | ||
| Q2 24 | $104.9M | $76.8M | ||
| Q1 24 | $112.9M | $63.5M |
总债务FOSLRBC
| Q4 25 | $169.1M | $990.2M | ||
| Q3 25 | $165.6M | $1.1B | ||
| Q2 25 | $167.2M | $915.6M | ||
| Q1 25 | — | $920.1M | ||
| Q4 24 | $162.7M | — | ||
| Q3 24 | $173.4M | — | ||
| Q2 24 | $156.5M | — | ||
| Q1 24 | $202.9M | $1.2B |
股东权益FOSLRBC
| Q4 25 | $112.6M | $3.3B | ||
| Q3 25 | $150.3M | $3.2B | ||
| Q2 25 | $140.6M | $3.1B | ||
| Q1 25 | — | $3.0B | ||
| Q4 24 | $148.7M | $2.9B | ||
| Q3 24 | $164.4M | $2.9B | ||
| Q2 24 | $189.6M | $2.8B | ||
| Q1 24 | $229.1M | $2.8B |
总资产FOSLRBC
| Q4 25 | $701.0M | $5.1B | ||
| Q3 25 | $704.5M | $5.1B | ||
| Q2 25 | $686.0M | $4.8B | ||
| Q1 25 | — | $4.7B | ||
| Q4 24 | $763.6M | $4.7B | ||
| Q3 24 | $812.4M | $4.7B | ||
| Q2 24 | $785.7M | $4.7B | ||
| Q1 24 | $891.0M | $4.7B |
负债/权益比FOSLRBC
| Q4 25 | 1.50× | 0.30× | ||
| Q3 25 | 1.10× | 0.34× | ||
| Q2 25 | 1.19× | 0.29× | ||
| Q1 25 | — | 0.30× | ||
| Q4 24 | 1.09× | — | ||
| Q3 24 | 1.06× | — | ||
| Q2 24 | 0.83× | — | ||
| Q1 24 | 0.89× | 0.43× |
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 | $122.1M |
| 自由现金流经营现金流 - 资本支出 | $-22.5M | $99.1M |
| 自由现金流率自由现金流/营收 | -8.3% | 21.5% |
| 资本支出强度资本支出/营收 | 0.1% | 5.0% |
| 现金转化率经营现金流/净利润 | — | 1.81× |
| 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FOSLRBC
| Q4 25 | $-22.2M | $122.1M | ||
| Q3 25 | $9.4M | $88.4M | ||
| Q2 25 | $-60.4M | $120.0M | ||
| Q1 25 | — | — | ||
| Q4 24 | $30.5M | $84.0M | ||
| Q3 24 | $-22.8M | — | ||
| Q2 24 | $38.4M | $97.4M | ||
| Q1 24 | $622.0K | — |
自由现金流FOSLRBC
| Q4 25 | $-22.5M | $99.1M | ||
| Q3 25 | $8.6M | $71.7M | ||
| Q2 25 | $-60.6M | $104.3M | ||
| Q1 25 | — | — | ||
| Q4 24 | $28.5M | $73.6M | ||
| Q3 24 | $-24.1M | — | ||
| Q2 24 | $36.6M | $88.4M | ||
| Q1 24 | $-1.1M | — |
自由现金流率FOSLRBC
| Q4 25 | -8.3% | 21.5% | ||
| Q3 25 | 3.9% | 15.7% | ||
| Q2 25 | -26.0% | 23.9% | ||
| Q1 25 | — | — | ||
| Q4 24 | 8.3% | 18.7% | ||
| Q3 24 | -8.4% | — | ||
| Q2 24 | 14.1% | 21.8% | ||
| Q1 24 | -0.4% | — |
资本支出强度FOSLRBC
| Q4 25 | 0.1% | 5.0% | ||
| Q3 25 | 0.4% | 3.7% | ||
| Q2 25 | 0.1% | 3.6% | ||
| Q1 25 | — | 3.2% | ||
| Q4 24 | 0.6% | 2.6% | ||
| Q3 24 | 0.4% | 4.1% | ||
| Q2 24 | 0.7% | 2.2% | ||
| Q1 24 | 0.7% | — |
现金转化率FOSLRBC
| Q4 25 | — | 1.81× | ||
| Q3 25 | — | 1.47× | ||
| Q2 25 | — | 1.75× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 1.45× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | 1.59× | ||
| 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% |
RBC
| Domestic | $413.3M | 90% |
| Foreign | $48.3M | 10% |
