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化石集团（FOSL）与STARWOOD PROPERTY TRUST, INC.（STWD）财务数据对比。点击上方公司名可切换其他公司
STARWOOD PROPERTY TRUST, INC.的季度营收约是化石集团的1.8倍（$492.9M vs $270.2M），STARWOOD PROPERTY TRUST, INC.净利率更高（19.7% vs -14.8%，领先34.5%），STARWOOD PROPERTY TRUST, INC.同比增速更快（8.5% vs -21.1%），过去两年STARWOOD PROPERTY TRUST, INC.的营收复合增速更高（-2.9% 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。
喜达屋酒店及度假村国际集团是全球规模最大的酒店企业之一，业务涵盖酒店、度假村、水疗中心、住宅及度假产权物业的持有、运营、特许经营与管理。集团前身为1969年成立的房地产投资信托基金，1995年完成收购重组，旗下共11个品牌，管理及特许经营的物业共计1297处。
FOSL vs STWD — 直观对比
营收规模更大
STWD
是对方的1.8倍
$270.2M
营收增速更快
STWD
高出29.5%
-21.1%
净利率更高
STWD
高出34.5%
-14.8%
两年增速更快
STWD
近两年复合增速
-11.4%
损益表 — Q3 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $270.2M | $492.9M |
| 净利润 | $-40.0M | $96.9M |
| 毛利率 | 49.0% | — |
| 营业利润率 | -8.0% | 26.6% |
| 净利率 | -14.8% | 19.7% |
| 营收同比 | -21.1% | 8.5% |
| 净利润同比 | -257.8% | 87.7% |
| 每股收益（稀释后） | $-0.76 | $0.25 |
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FOSLSTWD
| Q4 25 | $270.2M | $492.9M | ||
| Q3 25 | $220.4M | $488.9M | ||
| Q2 25 | $233.3M | $444.3M | ||
| Q1 25 | — | $418.2M | ||
| Q4 24 | $342.3M | $454.4M | ||
| Q3 24 | $287.8M | $479.5M | ||
| Q2 24 | $260.0M | $489.8M | ||
| Q1 24 | $254.9M | $523.1M |
净利润FOSLSTWD
| Q4 25 | $-40.0M | $96.9M | ||
| Q3 25 | $-2.1M | $72.6M | ||
| Q2 25 | $-17.9M | $129.8M | ||
| Q1 25 | — | $112.3M | ||
| Q4 24 | $-11.2M | $51.6M | ||
| Q3 24 | $-31.9M | $76.1M | ||
| Q2 24 | $-38.8M | $77.9M | ||
| Q1 24 | $-24.3M | $154.3M |
毛利率FOSLSTWD
| Q4 25 | 49.0% | — | ||
| Q3 25 | 57.5% | — | ||
| Q2 25 | 61.3% | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 53.9% | — | ||
| Q3 24 | 49.4% | — | ||
| Q2 24 | 52.6% | — | ||
| Q1 24 | 52.4% | — |
营业利润率FOSLSTWD
| Q4 25 | -8.0% | 26.6% | ||
| Q3 25 | 3.9% | 19.1% | ||
| Q2 25 | -2.9% | 30.5% | ||
| Q1 25 | — | 28.7% | ||
| Q4 24 | -4.8% | 15.1% | ||
| Q3 24 | -8.5% | 17.2% | ||
| Q2 24 | -13.1% | 19.1% | ||
| Q1 24 | -11.5% | 30.8% |
净利率FOSLSTWD
| Q4 25 | -14.8% | 19.7% | ||
| Q3 25 | -1.0% | 14.8% | ||
| Q2 25 | -7.7% | 29.2% | ||
| Q1 25 | — | 26.8% | ||
| Q4 24 | -3.3% | 11.4% | ||
| Q3 24 | -11.1% | 15.9% | ||
| Q2 24 | -14.9% | 15.9% | ||
| Q1 24 | -9.5% | 29.5% |
每股收益（稀释后）FOSLSTWD
| Q4 25 | $-0.76 | $0.25 | ||
| Q3 25 | $-0.04 | $0.19 | ||
| Q2 25 | $-0.33 | $0.38 | ||
| Q1 25 | — | $0.33 | ||
| Q4 24 | $-0.15 | $0.15 | ||
| Q3 24 | $-0.60 | $0.23 | ||
| Q2 24 | $-0.73 | $0.24 | ||
| Q1 24 | $-0.46 | $0.48 |
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 | $499.5M |
| 总债务越低越好 | $169.1M | — |
| 股东权益账面价值 | $112.6M | $6.8B |
| 总资产 | $701.0M | $63.2B |
| 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FOSLSTWD
| Q4 25 | $79.2M | $499.5M | ||
| Q3 25 | $109.9M | $301.1M | ||
| Q2 25 | $78.3M | $259.9M | ||
| Q1 25 | — | $440.6M | ||
| Q4 24 | $123.6M | $377.8M | ||
| Q3 24 | $106.3M | $357.9M | ||
| Q2 24 | $104.9M | $259.3M | ||
| Q1 24 | $112.9M | $327.4M |
总债务FOSLSTWD
| Q4 25 | $169.1M | — | ||
| Q3 25 | $165.6M | — | ||
| Q2 25 | $167.2M | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $162.7M | — | ||
| Q3 24 | $173.4M | — | ||
| Q2 24 | $156.5M | — | ||
| Q1 24 | $202.9M | — |
股东权益FOSLSTWD
| Q4 25 | $112.6M | $6.8B | ||
| Q3 25 | $150.3M | $6.9B | ||
| Q2 25 | $140.6M | $6.4B | ||
| Q1 25 | — | $6.4B | ||
| Q4 24 | $148.7M | $6.4B | ||
| Q3 24 | $164.4M | $6.5B | ||
| Q2 24 | $189.6M | $6.2B | ||
| Q1 24 | $229.1M | $6.3B |
总资产FOSLSTWD
| Q4 25 | $701.0M | $63.2B | ||
| Q3 25 | $704.5M | $62.4B | ||
| Q2 25 | $686.0M | $62.4B | ||
| Q1 25 | — | $62.2B | ||
| Q4 24 | $763.6M | $62.6B | ||
| Q3 24 | $812.4M | $64.2B | ||
| Q2 24 | $785.7M | $64.1B | ||
| Q1 24 | $891.0M | $66.2B |
负债/权益比FOSLSTWD
| Q4 25 | 1.50× | — | ||
| Q3 25 | 1.10× | — | ||
| Q2 25 | 1.19× | — | ||
| 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 | $488.8M |
| 自由现金流经营现金流 - 资本支出 | $-22.5M | — |
| 自由现金流率自由现金流/营收 | -8.3% | — |
| 资本支出强度资本支出/营收 | 0.1% | — |
| 现金转化率经营现金流/净利润 | — | 5.04× |
| 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FOSLSTWD
| Q4 25 | $-22.2M | $488.8M | ||
| Q3 25 | $9.4M | $337.6M | ||
| Q2 25 | $-60.4M | $-87.4M | ||
| Q1 25 | — | $238.9M | ||
| Q4 24 | $30.5M | $295.6M | ||
| Q3 24 | $-22.8M | $241.8M | ||
| Q2 24 | $38.4M | $53.3M | ||
| Q1 24 | $622.0K | $55.9M |
自由现金流FOSLSTWD
| Q4 25 | $-22.5M | — | ||
| Q3 25 | $8.6M | — | ||
| Q2 25 | $-60.6M | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $28.5M | — | ||
| Q3 24 | $-24.1M | — | ||
| Q2 24 | $36.6M | — | ||
| Q1 24 | $-1.1M | — |
自由现金流率FOSLSTWD
| Q4 25 | -8.3% | — | ||
| Q3 25 | 3.9% | — | ||
| Q2 25 | -26.0% | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 8.3% | — | ||
| Q3 24 | -8.4% | — | ||
| Q2 24 | 14.1% | — | ||
| Q1 24 | -0.4% | — |
资本支出强度FOSLSTWD
| Q4 25 | 0.1% | — | ||
| Q3 25 | 0.4% | — | ||
| Q2 25 | 0.1% | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 0.6% | — | ||
| Q3 24 | 0.4% | — | ||
| Q2 24 | 0.7% | — | ||
| Q1 24 | 0.7% | — |
现金转化率FOSLSTWD
| Q4 25 | — | 5.04× | ||
| Q3 25 | — | 4.65× | ||
| Q2 25 | — | -0.67× | ||
| Q1 25 | — | 2.13× | ||
| Q4 24 | — | 5.72× | ||
| Q3 24 | — | 3.18× | ||
| Q2 24 | — | 0.68× | ||
| Q1 24 | — | 0.36× |
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% |
STWD
| Commercial And Residential Lending Segment | $335.2M | 68% |
| Infrastructure Lending Segment | $70.3M | 14% |
| Property Segment | $57.8M | 12% |
| Other | $29.7M | 6% |
