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化石集团（FOSL）与Upstart Holdings, Inc.（UPST）财务数据对比。点击上方公司名可切换其他公司
Upstart Holdings, Inc.的季度营收约是化石集团的1.1倍（$308.2M vs $270.2M），Upstart Holdings, Inc.净利率更高（-2.2% vs -14.8%，领先12.7%），Upstart Holdings, Inc.同比增速更快（44.4% vs -21.1%），过去两年Upstart Holdings, Inc.的营收复合增速更高（55.4% 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。
Upstart是一家AI信贷平台服务商，与银行及信用合作社合作，将教育背景、就业情况等非传统指标纳入信用评估模型，更精准地预测借款人的信用状况，为用户提供消费贷款服务，助力金融机构提升信贷效率、扩大服务覆盖范围。
FOSL vs UPST — 直观对比
营收规模更大
UPST
是对方的1.1倍
$270.2M
营收增速更快
UPST
高出65.5%
-21.1%
净利率更高
UPST
高出12.7%
-14.8%
两年增速更快
UPST
近两年复合增速
-11.4%
损益表 — Q3 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $270.2M | $308.2M |
| 净利润 | $-40.0M | $-6.6M |
| 毛利率 | 49.0% | — |
| 营业利润率 | -8.0% | -2.4% |
| 净利率 | -14.8% | -2.2% |
| 营收同比 | -21.1% | 44.4% |
| 净利润同比 | -257.8% | -171.6% |
| 每股收益（稀释后） | $-0.76 | $-0.07 |
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FOSLUPST
| Q1 26 | — | $308.2M | ||
| Q4 25 | $270.2M | $296.1M | ||
| Q3 25 | $220.4M | $277.1M | ||
| Q2 25 | $233.3M | $257.3M | ||
| Q1 25 | — | $213.4M | ||
| Q4 24 | $342.3M | $219.0M | ||
| Q3 24 | $287.8M | $162.1M | ||
| Q2 24 | $260.0M | $127.6M |
净利润FOSLUPST
| Q1 26 | — | $-6.6M | ||
| Q4 25 | $-40.0M | $18.6M | ||
| Q3 25 | $-2.1M | $31.8M | ||
| Q2 25 | $-17.9M | $5.6M | ||
| Q1 25 | — | $-2.4M | ||
| Q4 24 | $-11.2M | $-2.8M | ||
| Q3 24 | $-31.9M | $-6.8M | ||
| Q2 24 | $-38.8M | $-54.5M |
毛利率FOSLUPST
| Q1 26 | — | — | ||
| 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% | — |
营业利润率FOSLUPST
| Q1 26 | — | -2.4% | ||
| Q4 25 | -8.0% | 6.4% | ||
| Q3 25 | 3.9% | 8.5% | ||
| Q2 25 | -2.9% | 1.8% | ||
| Q1 25 | — | -2.1% | ||
| Q4 24 | -4.8% | -2.2% | ||
| Q3 24 | -8.5% | -27.8% | ||
| Q2 24 | -13.1% | -43.5% |
净利率FOSLUPST
| Q1 26 | — | -2.2% | ||
| Q4 25 | -14.8% | 6.3% | ||
| Q3 25 | -1.0% | 11.5% | ||
| Q2 25 | -7.7% | 2.2% | ||
| Q1 25 | — | -1.1% | ||
| Q4 24 | -3.3% | -1.3% | ||
| Q3 24 | -11.1% | -4.2% | ||
| Q2 24 | -14.9% | -42.7% |
每股收益（稀释后）FOSLUPST
| Q1 26 | — | $-0.07 | ||
| Q4 25 | $-0.76 | $0.20 | ||
| Q3 25 | $-0.04 | $0.23 | ||
| Q2 25 | $-0.33 | $0.05 | ||
| Q1 25 | — | $-0.03 | ||
| Q4 24 | $-0.15 | $-0.01 | ||
| Q3 24 | $-0.60 | $-0.07 | ||
| Q2 24 | $-0.73 | $-0.62 |
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 | $472.9M |
| 总债务越低越好 | $169.1M | — |
| 股东权益账面价值 | $112.6M | $733.2M |
| 总资产 | $701.0M | $3.0B |
| 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FOSLUPST
| Q1 26 | — | $472.9M | ||
| Q4 25 | $79.2M | $652.4M | ||
| Q3 25 | $109.9M | $489.8M | ||
| Q2 25 | $78.3M | $395.9M | ||
| Q1 25 | — | $599.8M | ||
| Q4 24 | $123.6M | $788.4M | ||
| Q3 24 | $106.3M | — | ||
| Q2 24 | $104.9M | — |
总债务FOSLUPST
| Q1 26 | — | — | ||
| 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 | — |
股东权益FOSLUPST
| Q1 26 | — | $733.2M | ||
| Q4 25 | $112.6M | $798.8M | ||
| Q3 25 | $150.3M | $743.7M | ||
| Q2 25 | $140.6M | $722.0M | ||
| Q1 25 | — | $676.6M | ||
| Q4 24 | $148.7M | $633.2M | ||
| Q3 24 | $164.4M | $595.5M | ||
| Q2 24 | $189.6M | $594.7M |
总资产FOSLUPST
| Q1 26 | — | $3.0B | ||
| Q4 25 | $701.0M | $3.0B | ||
| Q3 25 | $704.5M | $2.9B | ||
| Q2 25 | $686.0M | $2.5B | ||
| Q1 25 | — | $2.3B | ||
| Q4 24 | $763.6M | $2.4B | ||
| Q3 24 | $812.4M | $1.8B | ||
| Q2 24 | $785.7M | $1.8B |
负债/权益比FOSLUPST
| Q1 26 | — | — | ||
| 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× | — |
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 | $-133.3M |
| 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 | — | — |
| 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FOSLUPST
| Q1 26 | — | $-133.3M | ||
| Q4 25 | $-22.2M | $108.6M | ||
| Q3 25 | $9.4M | $-122.6M | ||
| Q2 25 | $-60.4M | $-120.2M | ||
| Q1 25 | — | $-13.5M | ||
| Q4 24 | $30.5M | $-110.9M | ||
| Q3 24 | $-22.8M | $179.3M | ||
| Q2 24 | $38.4M | $65.3M |
自由现金流FOSLUPST
| Q1 26 | — | — | ||
| Q4 25 | $-22.5M | $108.4M | ||
| Q3 25 | $8.6M | $-122.7M | ||
| Q2 25 | $-60.6M | $-120.3M | ||
| Q1 25 | — | — | ||
| Q4 24 | $28.5M | — | ||
| Q3 24 | $-24.1M | $179.2M | ||
| Q2 24 | $36.6M | $65.3M |
自由现金流率FOSLUPST
| Q1 26 | — | — | ||
| Q4 25 | -8.3% | 36.6% | ||
| Q3 25 | 3.9% | -44.3% | ||
| Q2 25 | -26.0% | -46.7% | ||
| Q1 25 | — | — | ||
| Q4 24 | 8.3% | — | ||
| Q3 24 | -8.4% | 110.5% | ||
| Q2 24 | 14.1% | 51.1% |
资本支出强度FOSLUPST
| Q1 26 | — | — | ||
| Q4 25 | 0.1% | 0.1% | ||
| Q3 25 | 0.4% | 0.0% | ||
| Q2 25 | 0.1% | 0.0% | ||
| Q1 25 | — | 0.0% | ||
| Q4 24 | 0.6% | 0.0% | ||
| Q3 24 | 0.4% | 0.1% | ||
| Q2 24 | 0.7% | 0.0% |
现金转化率FOSLUPST
| Q1 26 | — | — | ||
| Q4 25 | — | 5.82× | ||
| Q3 25 | — | -3.86× | ||
| Q2 25 | — | -21.43× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 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% |
UPST
| Platform and referral fees, net | $224.6M | 73% |
| Servicing and other fees, net | $52.4M | 17% |
| Other | $31.2M | 10% |
