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化石集团（FOSL）与Shoals Technologies Group, Inc.（SHLS）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Shoals Technologies Group, Inc.的1.8倍（$270.2M vs $148.3M），Shoals Technologies Group, Inc.净利率更高（5.5% vs -14.8%，领先20.3%），Shoals Technologies Group, Inc.同比增速更快（38.6% vs -21.1%），Shoals Technologies Group, Inc.自由现金流更多（$-11.3M vs $-22.5M），过去两年Shoals Technologies Group, Inc.的营收复合增速更高（27.8% 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。
Shoals科技集团是可再生能源及电动出行领域的电气系统平衡解决方案供应商，核心产品覆盖光伏、储能及充电桩用连接组件，主要服务北美、欧洲、亚太市场的公用事业、工商业及民用客户。
FOSL vs SHLS — 直观对比
营收规模更大
FOSL
是对方的1.8倍
$148.3M
营收增速更快
SHLS
高出59.7%
-21.1%
净利率更高
SHLS
高出20.3%
-14.8%
自由现金流更多
SHLS
多$11.3M
$-22.5M
两年增速更快
SHLS
近两年复合增速
-11.4%
损益表 — Q3 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $270.2M | $148.3M |
| 净利润 | $-40.0M | $8.1M |
| 毛利率 | 49.0% | 31.6% |
| 营业利润率 | -8.0% | 11.7% |
| 净利率 | -14.8% | 5.5% |
| 营收同比 | -21.1% | 38.6% |
| 净利润同比 | -257.8% | 3.9% |
| 每股收益（稀释后） | $-0.76 | $0.05 |
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FOSLSHLS
| Q4 25 | $270.2M | $148.3M | ||
| Q3 25 | $220.4M | $135.8M | ||
| Q2 25 | $233.3M | $110.8M | ||
| Q1 25 | — | $80.4M | ||
| Q4 24 | $342.3M | $107.0M | ||
| Q3 24 | $287.8M | $102.2M | ||
| Q2 24 | $260.0M | $99.2M | ||
| Q1 24 | $254.9M | $90.8M |
净利润FOSLSHLS
| Q4 25 | $-40.0M | $8.1M | ||
| Q3 25 | $-2.1M | $11.9M | ||
| Q2 25 | $-17.9M | $13.9M | ||
| Q1 25 | — | $-282.0K | ||
| Q4 24 | $-11.2M | $7.8M | ||
| Q3 24 | $-31.9M | $-267.0K | ||
| Q2 24 | $-38.8M | $11.8M | ||
| Q1 24 | $-24.3M | $4.8M |
毛利率FOSLSHLS
| Q4 25 | 49.0% | 31.6% | ||
| Q3 25 | 57.5% | 37.0% | ||
| Q2 25 | 61.3% | 37.2% | ||
| Q1 25 | — | 35.0% | ||
| Q4 24 | 53.9% | 37.6% | ||
| Q3 24 | 49.4% | 24.8% | ||
| Q2 24 | 52.6% | 40.3% | ||
| Q1 24 | 52.4% | 40.2% |
营业利润率FOSLSHLS
| Q4 25 | -8.0% | 11.7% | ||
| Q3 25 | 3.9% | 13.7% | ||
| Q2 25 | -2.9% | 14.4% | ||
| Q1 25 | — | 5.4% | ||
| Q4 24 | -4.8% | 15.4% | ||
| Q3 24 | -8.5% | 4.4% | ||
| Q2 24 | -13.1% | 18.7% | ||
| Q1 24 | -11.5% | 12.8% |
净利率FOSLSHLS
| Q4 25 | -14.8% | 5.5% | ||
| Q3 25 | -1.0% | 8.7% | ||
| Q2 25 | -7.7% | 12.5% | ||
| Q1 25 | — | -0.4% | ||
| Q4 24 | -3.3% | 7.3% | ||
| Q3 24 | -11.1% | -0.3% | ||
| Q2 24 | -14.9% | 11.9% | ||
| Q1 24 | -9.5% | 5.3% |
每股收益（稀释后）FOSLSHLS
| Q4 25 | $-0.76 | $0.05 | ||
| Q3 25 | $-0.04 | $0.07 | ||
| Q2 25 | $-0.33 | $0.08 | ||
| Q1 25 | — | $0.00 | ||
| Q4 24 | $-0.15 | $0.04 | ||
| Q3 24 | $-0.60 | $0.00 | ||
| Q2 24 | $-0.73 | $0.07 | ||
| Q1 24 | $-0.46 | $0.03 |
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 | $7.3M |
| 总债务越低越好 | $169.1M | — |
| 股东权益账面价值 | $112.6M | $600.0M |
| 总资产 | $701.0M | $904.1M |
| 负债/权益比越低杠杆越低 | 1.50× | — |
8季度趋势，按日历期对齐
现金及短期投资FOSLSHLS
| Q4 25 | $79.2M | $7.3M | ||
| Q3 25 | $109.9M | $8.6M | ||
| Q2 25 | $78.3M | $4.7M | ||
| Q1 25 | — | $35.6M | ||
| Q4 24 | $123.6M | $23.5M | ||
| Q3 24 | $106.3M | $11.1M | ||
| Q2 24 | $104.9M | $3.2M | ||
| Q1 24 | $112.9M | $15.2M |
总债务FOSLSHLS
| Q4 25 | $169.1M | — | ||
| Q3 25 | $165.6M | — | ||
| Q2 25 | $167.2M | — | ||
| Q1 25 | — | $141.8M | ||
| Q4 24 | $162.7M | $141.8M | ||
| Q3 24 | $173.4M | $141.8M | ||
| Q2 24 | $156.5M | $146.8M | ||
| Q1 24 | $202.9M | $168.8M |
股东权益FOSLSHLS
| Q4 25 | $112.6M | $600.0M | ||
| Q3 25 | $150.3M | $589.6M | ||
| Q2 25 | $140.6M | $575.4M | ||
| Q1 25 | — | $558.9M | ||
| Q4 24 | $148.7M | $556.8M | ||
| Q3 24 | $164.4M | $545.2M | ||
| Q2 24 | $189.6M | $544.6M | ||
| Q1 24 | $229.1M | $554.0M |
总资产FOSLSHLS
| Q4 25 | $701.0M | $904.1M | ||
| Q3 25 | $704.5M | $851.8M | ||
| Q2 25 | $686.0M | $795.0M | ||
| Q1 25 | — | $788.4M | ||
| Q4 24 | $763.6M | $793.1M | ||
| Q3 24 | $812.4M | $801.3M | ||
| Q2 24 | $785.7M | $788.4M | ||
| Q1 24 | $891.0M | $825.3M |
负债/权益比FOSLSHLS
| Q4 25 | 1.50× | — | ||
| Q3 25 | 1.10× | — | ||
| Q2 25 | 1.19× | — | ||
| Q1 25 | — | 0.25× | ||
| Q4 24 | 1.09× | 0.25× | ||
| Q3 24 | 1.06× | 0.26× | ||
| Q2 24 | 0.83× | 0.27× | ||
| Q1 24 | 0.89× | 0.30× |
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 | $-4.1M |
| 自由现金流经营现金流 - 资本支出 | $-22.5M | $-11.3M |
| 自由现金流率自由现金流/营收 | -8.3% | -7.6% |
| 资本支出强度资本支出/营收 | 0.1% | 4.8% |
| 现金转化率经营现金流/净利润 | — | -0.50× |
| 过去12个月自由现金流最近4个季度 | $-46.0M | $-16.0M |
8季度趋势，按日历期对齐
经营现金流FOSLSHLS
| Q4 25 | $-22.2M | $-4.1M | ||
| Q3 25 | $9.4M | $19.4M | ||
| Q2 25 | $-60.4M | $-13.8M | ||
| Q1 25 | — | $15.6M | ||
| Q4 24 | $30.5M | $14.0M | ||
| Q3 24 | $-22.8M | $15.7M | ||
| Q2 24 | $38.4M | $37.8M | ||
| Q1 24 | $622.0K | $12.9M |
自由现金流FOSLSHLS
| Q4 25 | $-22.5M | $-11.3M | ||
| Q3 25 | $8.6M | $9.0M | ||
| Q2 25 | $-60.6M | $-26.0M | ||
| Q1 25 | — | $12.3M | ||
| Q4 24 | $28.5M | $12.5M | ||
| Q3 24 | $-24.1M | $13.3M | ||
| Q2 24 | $36.6M | $35.8M | ||
| Q1 24 | $-1.1M | $10.4M |
自由现金流率FOSLSHLS
| Q4 25 | -8.3% | -7.6% | ||
| Q3 25 | 3.9% | 6.6% | ||
| Q2 25 | -26.0% | -23.5% | ||
| Q1 25 | — | 15.4% | ||
| Q4 24 | 8.3% | 11.6% | ||
| Q3 24 | -8.4% | 13.0% | ||
| Q2 24 | 14.1% | 36.1% | ||
| Q1 24 | -0.4% | 11.4% |
资本支出强度FOSLSHLS
| Q4 25 | 0.1% | 4.8% | ||
| Q3 25 | 0.4% | 7.7% | ||
| Q2 25 | 0.1% | 11.0% | ||
| Q1 25 | — | 4.0% | ||
| Q4 24 | 0.6% | 1.4% | ||
| Q3 24 | 0.4% | 2.3% | ||
| Q2 24 | 0.7% | 2.0% | ||
| Q1 24 | 0.7% | 2.7% |
现金转化率FOSLSHLS
| Q4 25 | — | -0.50× | ||
| Q3 25 | — | 1.63× | ||
| Q2 25 | — | -1.00× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 1.79× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | 3.21× | ||
| Q1 24 | — | 2.69× |
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% |
SHLS
| System Solutions | $122.0M | 82% |
| Components | $26.3M | 18% |
