vs
化石集团（FOSL）与印度钢铁管理局（SAIL）财务数据对比。点击上方公司名可切换其他公司
印度钢铁管理局的季度营收约是化石集团的1.0倍（$281.9M vs $270.2M），印度钢铁管理局净利率更高（-12.8% vs -14.8%，领先2.1%），印度钢铁管理局同比增速更快（6.7% vs -21.1%），印度钢铁管理局自由现金流更多（$52.5M vs $-22.5M）
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。
印度钢铁管理局（SAIL）是总部位于新德里的印度公营钢铁制造企业，属印度最高级别的“马哈拉特纳”中央公共部门企业，是印度最大的国有钢铁生产商，年钢铁产量达1829万吨，1973年1月24日成立，现有员工5.1万余名，由印度钢铁部行政管理。
FOSL vs SAIL — 直观对比
营收规模更大
SAIL
是对方的1.0倍
$270.2M
营收增速更快
SAIL
高出27.7%
-21.1%
净利率更高
SAIL
高出2.1%
-14.8%
自由现金流更多
SAIL
多$75.1M
$-22.5M
损益表 — Q3 FY2025 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $270.2M | $281.9M |
| 净利润 | $-40.0M | $-36.0M |
| 毛利率 | 49.0% | 66.3% |
| 营业利润率 | -8.0% | -14.8% |
| 净利率 | -14.8% | -12.8% |
| 营收同比 | -21.1% | 6.7% |
| 净利润同比 | -257.8% | -240.9% |
| 每股收益（稀释后） | $-0.76 | $-0.06 |
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FOSLSAIL
| Q4 25 | $270.2M | $281.9M | ||
| Q3 25 | $220.4M | $264.4M | ||
| Q2 25 | $233.3M | $230.5M | ||
| Q1 25 | — | $240.1M | ||
| Q4 24 | $342.3M | — | ||
| Q3 24 | $287.8M | $198.6M | ||
| Q2 24 | $260.0M | $187.7M | ||
| Q1 24 | $254.9M | — |
净利润FOSLSAIL
| Q4 25 | $-40.0M | $-36.0M | ||
| Q3 25 | $-2.1M | $-10.6M | ||
| Q2 25 | $-17.9M | $-187.3M | ||
| Q1 25 | — | $-80.1M | ||
| Q4 24 | $-11.2M | — | ||
| Q3 24 | $-31.9M | $-87.1M | ||
| Q2 24 | $-38.8M | $-89.2M | ||
| Q1 24 | $-24.3M | — |
毛利率FOSLSAIL
| Q4 25 | 49.0% | 66.3% | ||
| Q3 25 | 57.5% | 67.3% | ||
| Q2 25 | 61.3% | 55.4% | ||
| Q1 25 | — | 66.5% | ||
| Q4 24 | 53.9% | — | ||
| Q3 24 | 49.4% | 62.1% | ||
| Q2 24 | 52.6% | 61.5% | ||
| Q1 24 | 52.4% | — |
营业利润率FOSLSAIL
| Q4 25 | -8.0% | -14.8% | ||
| Q3 25 | 3.9% | -15.4% | ||
| Q2 25 | -2.9% | -80.3% | ||
| Q1 25 | — | -12.6% | ||
| Q4 24 | -4.8% | — | ||
| Q3 24 | -8.5% | -33.2% | ||
| Q2 24 | -13.1% | -36.3% | ||
| Q1 24 | -11.5% | — |
净利率FOSLSAIL
| Q4 25 | -14.8% | -12.8% | ||
| Q3 25 | -1.0% | -4.0% | ||
| Q2 25 | -7.7% | -81.3% | ||
| Q1 25 | — | -33.4% | ||
| Q4 24 | -3.3% | — | ||
| Q3 24 | -11.1% | -43.9% | ||
| Q2 24 | -14.9% | -47.5% | ||
| Q1 24 | -9.5% | — |
每股收益（稀释后）FOSLSAIL
| Q4 25 | $-0.76 | $-0.06 | ||
| Q3 25 | $-0.04 | $-0.02 | ||
| Q2 25 | $-0.33 | $-0.42 | ||
| Q1 25 | — | $-6.50 | ||
| Q4 24 | $-0.15 | — | ||
| Q3 24 | $-0.60 | $-2.97 | ||
| Q2 24 | $-0.73 | $-0.77 | ||
| Q1 24 | $-0.46 | — |
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 | $298.1M |
| 总债务越低越好 | $169.1M | $0 |
| 股东权益账面价值 | $112.6M | $6.8B |
| 总资产 | $701.0M | $7.5B |
| 负债/权益比越低杠杆越低 | 1.50× | 0.00× |
8季度趋势，按日历期对齐
现金及短期投资FOSLSAIL
| Q4 25 | $79.2M | $298.1M | ||
| Q3 25 | $109.9M | $271.1M | ||
| Q2 25 | $78.3M | $228.1M | ||
| Q1 25 | — | $121.3M | ||
| Q4 24 | $123.6M | — | ||
| Q3 24 | $106.3M | $89.7M | ||
| Q2 24 | $104.9M | $146.8M | ||
| Q1 24 | $112.9M | — |
总债务FOSLSAIL
| Q4 25 | $169.1M | $0 | ||
| Q3 25 | $165.6M | $0 | ||
| Q2 25 | $167.2M | $0 | ||
| Q1 25 | — | $1.0B | ||
| Q4 24 | $162.7M | — | ||
| Q3 24 | $173.4M | — | ||
| Q2 24 | $156.5M | — | ||
| Q1 24 | $202.9M | — |
股东权益FOSLSAIL
| Q4 25 | $112.6M | $6.8B | ||
| Q3 25 | $150.3M | $6.8B | ||
| Q2 25 | $140.6M | $6.8B | ||
| Q1 25 | — | $-5.6B | ||
| Q4 24 | $148.7M | — | ||
| Q3 24 | $164.4M | $-701.3M | ||
| Q2 24 | $189.6M | $-622.5M | ||
| Q1 24 | $229.1M | — |
总资产FOSLSAIL
| Q4 25 | $701.0M | $7.5B | ||
| Q3 25 | $704.5M | $7.4B | ||
| Q2 25 | $686.0M | $7.4B | ||
| Q1 25 | — | $7.4B | ||
| Q4 24 | $763.6M | — | ||
| Q3 24 | $812.4M | — | ||
| Q2 24 | $785.7M | — | ||
| Q1 24 | $891.0M | — |
负债/权益比FOSLSAIL
| Q4 25 | 1.50× | 0.00× | ||
| Q3 25 | 1.10× | 0.00× | ||
| Q2 25 | 1.19× | 0.00× | ||
| Q1 25 | — | — | ||
| Q4 24 | 1.09× | — | ||
| 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 | $53.6M |
| 自由现金流经营现金流 - 资本支出 | $-22.5M | $52.5M |
| 自由现金流率自由现金流/营收 | -8.3% | 18.6% |
| 资本支出强度资本支出/营收 | 0.1% | 0.4% |
| 现金转化率经营现金流/净利润 | — | — |
| 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FOSLSAIL
| Q4 25 | $-22.2M | $53.6M | ||
| Q3 25 | $9.4M | $49.9M | ||
| Q2 25 | $-60.4M | $-96.8M | ||
| Q1 25 | — | — | ||
| Q4 24 | $30.5M | — | ||
| Q3 24 | $-22.8M | — | ||
| Q2 24 | $38.4M | $-55.4M | ||
| Q1 24 | $622.0K | — |
自由现金流FOSLSAIL
| Q4 25 | $-22.5M | $52.5M | ||
| Q3 25 | $8.6M | $49.0M | ||
| Q2 25 | $-60.6M | $-99.0M | ||
| Q1 25 | — | — | ||
| Q4 24 | $28.5M | — | ||
| Q3 24 | $-24.1M | — | ||
| Q2 24 | $36.6M | $-56.0M | ||
| Q1 24 | $-1.1M | — |
自由现金流率FOSLSAIL
| Q4 25 | -8.3% | 18.6% | ||
| Q3 25 | 3.9% | 18.5% | ||
| Q2 25 | -26.0% | -43.0% | ||
| Q1 25 | — | — | ||
| Q4 24 | 8.3% | — | ||
| Q3 24 | -8.4% | — | ||
| Q2 24 | 14.1% | -29.8% | ||
| Q1 24 | -0.4% | — |
资本支出强度FOSLSAIL
| Q4 25 | 0.1% | 0.4% | ||
| Q3 25 | 0.4% | 0.4% | ||
| Q2 25 | 0.1% | 1.0% | ||
| Q1 25 | — | — | ||
| Q4 24 | 0.6% | — | ||
| Q3 24 | 0.4% | — | ||
| Q2 24 | 0.7% | 0.3% | ||
| Q1 24 | 0.7% | — |
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% |
SAIL
| Software As A Service Saa S | $156.0M | 55% |
| Term Subscriptions Services | $65.1M | 23% |
| Maintenance | $38.0M | 13% |
| Other | $15.7M | 6% |
| Other Subscription Services | $7.1M | 3% |
