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化石集团（FOSL）与世纪互联（VNET）财务数据对比。点击上方公司名可切换其他公司
世纪互联的季度营收约是化石集团的1.3倍（$362.7M vs $270.2M），世纪互联净利率更高（-10.7% vs -14.8%，领先4.2%），化石集团自由现金流更多（$-22.5M vs $-193.1M），过去两年世纪互联的营收复合增速更高（17.4% 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。
VNET Group即世纪互联，是中国领先的第三方中立数据中心服务商，提供机柜托管、云基础设施、混合云部署及网络管理等解决方案，服务覆盖科技、金融、零售等多领域企业客户，为企业数字化运营提供稳定的算力与网络支撑。
FOSL vs VNET — 直观对比
营收规模更大
VNET
是对方的1.3倍
$270.2M
净利率更高
VNET
高出4.2%
-14.8%
自由现金流更多
FOSL
多$170.6M
$-193.1M
两年增速更快
VNET
近两年复合增速
-11.4%
损益表 — Q3 FY2025 vs Q3 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $270.2M | $362.7M |
| 净利润 | $-40.0M | $-38.7M |
| 毛利率 | 49.0% | 20.9% |
| 营业利润率 | -8.0% | 0.5% |
| 净利率 | -14.8% | -10.7% |
| 营收同比 | -21.1% | — |
| 净利润同比 | -257.8% | — |
| 每股收益（稀释后） | $-0.76 | — |
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FOSLVNET
| Q4 25 | $270.2M | — | ||
| Q3 25 | $220.4M | $362.7M | ||
| Q2 25 | $233.3M | — | ||
| Q1 25 | — | $309.5M | ||
| Q4 24 | $342.3M | — | ||
| Q3 24 | $287.8M | $302.2M | ||
| Q2 24 | $260.0M | $274.4M | ||
| Q1 24 | $254.9M | $262.9M |
净利润FOSLVNET
| Q4 25 | $-40.0M | — | ||
| Q3 25 | $-2.1M | $-38.7M | ||
| Q2 25 | $-17.9M | — | ||
| Q1 25 | — | $-2.4M | ||
| Q4 24 | $-11.2M | — | ||
| Q3 24 | $-31.9M | $-2.1M | ||
| Q2 24 | $-38.8M | $-1.1M | ||
| Q1 24 | $-24.3M | $-22.0M |
毛利率FOSLVNET
| Q4 25 | 49.0% | — | ||
| Q3 25 | 57.5% | 20.9% | ||
| Q2 25 | 61.3% | — | ||
| Q1 25 | — | 25.2% | ||
| Q4 24 | 53.9% | — | ||
| Q3 24 | 49.4% | 23.2% | ||
| Q2 24 | 52.6% | 21.3% | ||
| Q1 24 | 52.4% | 21.6% |
营业利润率FOSLVNET
| Q4 25 | -8.0% | — | ||
| Q3 25 | 3.9% | 0.5% | ||
| Q2 25 | -2.9% | — | ||
| Q1 25 | — | 0.1% | ||
| Q4 24 | -4.8% | — | ||
| Q3 24 | -8.5% | 24.5% | ||
| Q2 24 | -13.1% | 0.2% | ||
| Q1 24 | -11.5% | 0.2% |
净利率FOSLVNET
| Q4 25 | -14.8% | — | ||
| Q3 25 | -1.0% | -10.7% | ||
| Q2 25 | -7.7% | — | ||
| Q1 25 | — | -0.8% | ||
| Q4 24 | -3.3% | — | ||
| Q3 24 | -11.1% | -0.7% | ||
| Q2 24 | -14.9% | -0.4% | ||
| Q1 24 | -9.5% | -8.4% |
每股收益（稀释后）FOSLVNET
| Q4 25 | $-0.76 | — | ||
| Q3 25 | $-0.04 | — | ||
| Q2 25 | $-0.33 | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $-0.15 | — | ||
| Q3 24 | $-0.60 | — | ||
| Q2 24 | $-0.73 | — | ||
| 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 | $492.1M |
| 总债务越低越好 | $169.1M | — |
| 股东权益账面价值 | $112.6M | $890.8M |
| 总资产 | $701.0M | $6.1B |
| 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FOSLVNET
| Q4 25 | $79.2M | — | ||
| Q3 25 | $109.9M | $492.1M | ||
| Q2 25 | $78.3M | — | ||
| Q1 25 | — | $544.3M | ||
| Q4 24 | $123.6M | — | ||
| Q3 24 | $106.3M | $219.5M | ||
| Q2 24 | $104.9M | $247.2M | ||
| Q1 24 | $112.9M | $246.9M |
总债务FOSLVNET
| Q4 25 | $169.1M | — | ||
| Q3 25 | $165.6M | — | ||
| Q2 25 | $167.2M | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $162.7M | — | ||
| Q3 24 | $173.4M | $1.2B | ||
| Q2 24 | $156.5M | — | ||
| Q1 24 | $202.9M | — |
股东权益FOSLVNET
| Q4 25 | $112.6M | — | ||
| Q3 25 | $150.3M | $890.8M | ||
| Q2 25 | $140.6M | — | ||
| Q1 25 | — | $927.8M | ||
| Q4 24 | $148.7M | — | ||
| Q3 24 | $164.4M | $902.9M | ||
| Q2 24 | $189.6M | $900.6M | ||
| Q1 24 | $229.1M | $895.1M |
总资产FOSLVNET
| Q4 25 | $701.0M | — | ||
| Q3 25 | $704.5M | $6.1B | ||
| Q2 25 | $686.0M | — | ||
| Q1 25 | — | $5.4B | ||
| Q4 24 | $763.6M | — | ||
| Q3 24 | $812.4M | $4.3B | ||
| Q2 24 | $785.7M | $4.0B | ||
| Q1 24 | $891.0M | $3.9B |
负债/权益比FOSLVNET
| Q4 25 | 1.50× | — | ||
| Q3 25 | 1.10× | — | ||
| Q2 25 | 1.19× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 1.09× | — | ||
| Q3 24 | 1.06× | 1.28× | ||
| 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 | $113.8M |
| 自由现金流经营现金流 - 资本支出 | $-22.5M | $-193.1M |
| 自由现金流率自由现金流/营收 | -8.3% | -53.2% |
| 资本支出强度资本支出/营收 | 0.1% | 84.6% |
| 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 | $-589.7M |
8季度趋势，按日历期对齐
经营现金流FOSLVNET
| Q4 25 | $-22.2M | — | ||
| Q3 25 | $9.4M | $113.8M | ||
| Q2 25 | $-60.4M | — | ||
| Q1 25 | — | $27.0M | ||
| Q4 24 | $30.5M | — | ||
| Q3 24 | $-22.8M | $108.3M | ||
| Q2 24 | $38.4M | $55.8M | ||
| Q1 24 | $622.0K | $37.1M |
自由现金流FOSLVNET
| Q4 25 | $-22.5M | — | ||
| Q3 25 | $8.6M | $-193.1M | ||
| Q2 25 | $-60.6M | — | ||
| Q1 25 | — | $-220.0M | ||
| Q4 24 | $28.5M | — | ||
| Q3 24 | $-24.1M | $-95.0M | ||
| Q2 24 | $36.6M | $-81.6M | ||
| Q1 24 | $-1.1M | $-102.2M |
自由现金流率FOSLVNET
| Q4 25 | -8.3% | — | ||
| Q3 25 | 3.9% | -53.2% | ||
| Q2 25 | -26.0% | — | ||
| Q1 25 | — | -71.1% | ||
| Q4 24 | 8.3% | — | ||
| Q3 24 | -8.4% | -31.4% | ||
| Q2 24 | 14.1% | -29.8% | ||
| Q1 24 | -0.4% | -38.9% |
资本支出强度FOSLVNET
| Q4 25 | 0.1% | — | ||
| Q3 25 | 0.4% | 84.6% | ||
| Q2 25 | 0.1% | — | ||
| Q1 25 | — | 79.8% | ||
| Q4 24 | 0.6% | — | ||
| Q3 24 | 0.4% | 67.3% | ||
| Q2 24 | 0.7% | 50.1% | ||
| Q1 24 | 0.7% | 53.0% |
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% |
VNET
暂无分部数据
