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Fossil Group, Inc. (FOSL) 10-Year Financial Performance & Capital Metrics

FOSL • • Industrial / General
Consumer CyclicalLuxury GoodsLuxury Watches & TimepiecesMulti-Brand Watch Companies
AboutFossil Group, Inc., together with its subsidiaries, designs, develops, markets, and distributes consumer fashion accessories in the United States, Europe, Asia, and internationally. The company's products include traditional watches, smartwatches, jewelry, handbags, small leather goods, belts, and sunglasses. It also manufactures and distributes private label brands, as well as purchases and resells branded products in non-FOSSIL branded retail stores. The company offers its products under its proprietary brands, such as FOSSIL, SKAGEN, MICHELE, RELIC, and ZODIAC; and under the licensed brands, including ARMANI EXCHANGE, DIESEL, DKNY, EMPORIO ARMANI, KATE SPADE NEW YORK, MICHAEL KORS, PUMA, TORY BURCH, Skechers, and BMW. The company sells its products through company-owned retail and outlet stores, department stores, specialty retail stores, specialty watch and jewelry stores, mass market stores, e-commerce sites, licensed and franchised FOSSIL retail stores, and retail concessions, as well as sells its products on airlines and cruise ships. As of January 2, 2022, it operated 370 stores worldwide. The company was formerly known as Fossil, Inc. and changed its name to Fossil Group, Inc. in May 2013. Fossil Group, Inc. was founded in 1984 and is headquartered in Richardson, Texas.Show more
  • Revenue $1.14B -18.9%
  • EBITDA -$88M +29.0%
  • Net Income -$103M +34.6%
  • EPS (Diluted) -1.94 +35.3%
  • Gross Margin 52.15% +7.5%
  • EBITDA Margin -7.68% +12.5%
  • Operating Margin -9.08% +10.3%
  • Net Margin -8.97% +19.4%
  • ROE -52.86% -10.2%
  • ROIC -18.3% +2.4%
  • Debt/Equity 2.31 +49.6%
  • Interest Coverage -5.47 +16.7%
Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

  • ✓Momentum leader: RS Rating 94 (top 6%)
  • ✓Trading at only 1.5x book value
  • ✓Efficient asset utilization: 1.5x turnover

✗Weaknesses

  • ✗High debt to equity ratio of 2.3x
  • ✗Sales declining 12.4% over 5 years

* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.

Price & Volume

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Growth Metrics

Revenue CAGR

10Y-10.6%
5Y-12.38%
3Y-15.09%
TTM-15.35%

Profit (Net Income) CAGR

10Y-
5Y-
3Y-
TTM60.98%

EPS CAGR

10Y-
5Y-
3Y-
TTM61.49%

ROCE

10Y Avg-4.54%
5Y Avg-8.5%
3Y Avg-13.11%
Latest-19.38%

Peer Comparison

Multi-Brand Watch Companies
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Valuation
Per Share
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Quality & Returns
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Sector-Specific
NameMarket CapCurrent PriceP/E RatioRevenue Growth 1YNet MarginROEFCF YieldDebt/Equity
MOVMovado Group, Inc.354.73M22.6227.93-2.86%3.17%4.13%0.20
FOSLFossil Group, Inc.216.53M3.84-1.98-18.93%-5.49%-44.4%18.44%2.31

Profit & Loss

Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Sales/Revenue+3.23B3.04B2.79B2.54B2.22B1.61B1.87B1.68B1.41B1.14B
Revenue Growth %-0.08%-0.06%-0.08%-0.09%-0.13%-0.27%0.16%-0.1%-0.16%-0.19%
Cost of Goods Sold+1.48B1.46B1.43B1.2B1.12B842.99M903.66M851.76M727.27M547.84M
COGS % of Revenue0.46%0.48%0.51%0.47%0.5%0.52%0.48%0.51%0.51%0.48%
Gross Profit+1.75B1.58B1.36B1.34B1.1B770.36M966.37M830.68M685.12M597.15M
Gross Margin %0.54%0.52%0.49%0.53%0.5%0.48%0.52%0.49%0.49%0.52%
Gross Profit Growth %-0.12%-0.1%-0.14%-0.01%-0.18%-0.3%0.25%-0.14%-0.18%-0.13%
Operating Expenses+1.46B1.45B1.78B1.28B1.13B905.67M873.74M832.15M828.14M701.1M
OpEx % of Revenue0.45%0.48%0.64%0.5%0.51%0.56%0.47%0.49%0.59%0.61%
Selling, General & Admin1.43B1.42B1.33B1.22B1.07B835.12M842.63M823.69M757.77M638.78M
SG&A % of Revenue0.44%0.47%0.48%0.48%0.48%0.52%0.45%0.49%0.54%0.56%
Research & Development0000000019.4M0
R&D % of Revenue--------0.01%-
Other Operating Expenses33.52M27.78M455.3M52.84M54.91M70.56M31.11M8.46M50.98M62.32M
Operating Income+291.23M127.15M-424.28M62.71M-28.38M-135.32M92.64M-1.47M-143.02M-103.95M
Operating Margin %0.09%0.04%-0.15%0.02%-0.01%-0.08%0.05%-0%-0.1%-0.09%
Operating Income Growth %-0.49%-0.56%-4.34%1.15%-1.45%-3.77%1.68%-1.02%-96.1%0.27%
EBITDA+378.9M221.74M-343.3M130.29M26.41M-92.19M122.24M21.86M-123.92M-87.95M
EBITDA Margin %0.12%0.07%-0.12%0.05%0.01%-0.06%0.07%0.01%-0.09%-0.08%
EBITDA Growth %-0.43%-0.41%-2.55%1.38%-0.8%-4.49%2.33%-0.82%-6.67%0.29%
D&A (Non-Cash Add-back)87.66M94.59M80.97M67.58M54.79M43.13M29.61M23.33M19.1M16M
EBIT331.68M141.2M-410.54M62.67M-1.4M-140.15M78.14M-2.89M-92.05M-99.07M
Net Interest Income+-17.4M-23.66M-38.23M-39.9M-27.86M-31.26M-24.68M-18.46M-18.59M-14.6M
Interest Income1.03M2.16M4.73M2.6M2.08M573K407K772K3.18M4.39M
Interest Expense18.42M25.81M42.95M42.5M29.93M31.84M25.09M19.24M21.78M18.99M
Other Income/Expense20.43M-12.84M-29.48M-42.54M-2.95M-36.66M-39.59M-20.65M-13.11M-14.12M
Pretax Income+311.66M114.31M-453.75M20.17M-31.33M-171.98M53.05M-22.13M-156.14M-118.06M
Pretax Margin %0.1%0.04%-0.16%0.01%-0.01%-0.11%0.03%-0.01%-0.11%-0.1%
Income Tax+81.76M28.7M19.8M21.11M18.68M-76.04M26.43M21.4M522K-11.79M
Effective Tax Rate %0.71%0.69%1.05%-0.17%1.67%0.56%0.48%2%1.01%0.87%
Net Income+220.64M78.87M-478.17M-3.48M-52.37M-96.09M25.43M-44.16M-157.09M-102.67M
Net Margin %0.07%0.03%-0.17%-0%-0.02%-0.06%0.01%-0.03%-0.11%-0.09%
Net Income Growth %-0.41%-0.64%-7.06%0.99%-14.06%-0.84%1.26%-2.74%-2.56%0.35%
Net Income (Continuing)229.9M85.6M-473.56M-938K-50.01M-95.94M26.62M-43.53M-156.66M-106.28M
Discontinued Operations0000000000
Minority Interest11.15M9.2M4.81M3.09M787K942K2.13M-2.92M-2.49M-11.98M
EPS (Diluted)+4.511.63-9.87-0.07-1.00-1.880.48-0.85-3.00-1.94
EPS Growth %-0.36%-0.64%-7.06%0.99%-13.06%-0.88%1.26%-2.77%-2.53%0.35%
EPS (Basic)4.521.64-9.87-0.07-1.00-1.880.49-0.85-3.00-1.94
Diluted Shares Outstanding48.92M48.32M48.47M49.2M50.23M51.12M52.78M51.84M52.28M52.96M
Basic Shares Outstanding48.8M48.14M48.45M49.2M50.23M51.12M51.96M51.84M52.28M52.96M
Dividend Payout Ratio----------

Balance Sheet

Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Total Current Assets+1.44B1.34B1.29B1.26B1.06B990.48M1.02B945.3M710.69M554.51M
Cash & Short-Term Investments289.3M297.3M231.2M403.4M200.22M316.09M250.84M198.73M117.77M123.6M
Cash Only289.3M297.3M231.2M403.4M200.22M316.09M250.84M198.73M117.2M123.6M
Short-Term Investments00000000568K0
Accounts Receivable421.13M387.92M379.67M335.11M300.32M238.08M318.19M260.24M245.26M162.16M
Days Sales Outstanding47.6146.5449.748.1349.4353.8662.1156.4663.3851.69
Inventory625.3M542.5M573.8M377.6M474.68M295.3M359.17M386.86M252.83M185.6M
Days Inventory Outstanding154.7135.24146.53114.72154.93127.86145.07165.78126.89123.66
Other Current Assets78.72M50.31M48.34M60.31M25.73M51.67M30.81M27.49M42.77M42.6M
Total Non-Current Assets+913M839.6M367.4M316.6M545.27M488.03M345.96M292.83M267.34M209.05M
Property, Plant & Equipment326.4M273.8M219.7M183.2M439.67M340.84M267.36M236.83M208.24M162.96M
Fixed Asset Turnover9.89x11.11x12.69x13.87x5.04x4.73x6.99x7.10x6.78x7.03x
Goodwill359.4M355.3M00000000
Intangible Assets227.2M210.5M147.7M133.4M26.88M17.75M14.3M11.91M11.36M962K
Long-Term Investments2.4M2.08M500K500K500K67.27M327K03.74M2.45M
Other Non-Current Assets-21M-25.14M-27.61M-24.2M39.95M28.27M39.42M26.82M22.57M18.82M
Total Assets+2.36B2.17B1.66B1.58B1.6B1.48B1.37B1.24B978.03M763.57M
Asset Turnover1.37x1.40x1.68x1.61x1.38x1.09x1.37x1.36x1.44x1.50x
Asset Growth %0.07%-0.08%-0.24%-0.05%0.02%-0.08%-0.07%-0.1%-0.21%-0.22%
Total Current Liabilities+489.5M402.4M509.1M605.8M559.18M558.53M535.65M425.92M342.48M326.57M
Accounts Payable208.08M163.64M204.98M169.56M172.19M178.21M229.88M191.14M147.16M157.64M
Days Payables Outstanding51.4840.7952.3551.5256.277.1692.8581.9173.86105.03
Short-Term Debt23.16M26.37M2.14M126.43M26.23M106.41M554K342K480K2.17M
Deferred Revenue (Current)1000K1000K1000K1000K00001000K0
Other Current Liabilities188.29M155.48M80.17M123.18M80M162.61M112.31M65.13M17.74M60.32M
Current Ratio2.95x3.32x2.54x2.08x1.89x1.77x1.91x2.22x2.08x1.70x
Quick Ratio1.67x1.97x1.41x1.45x1.05x1.24x1.24x1.31x1.34x1.13x
Cash Conversion Cycle150.82140.98143.89111.34148.16104.56114.33140.33116.4270.33
Total Non-Current Liabilities+933.6M756.9M568.3M380.8M541.71M479.95M367.71M409.2M383.81M300.27M
Long-Term Debt785.08M609.96M443.94M267.28M178.8M185.28M141.35M216.13M206.98M162.67M
Capital Lease Obligations0000288.69M231.2M174.52M150.19M137.64M113.66M
Deferred Tax Liabilities75.17M55.88M1.1M2.44M2.1M495K504K616K698K1.03M
Other Non-Current Liabilities73.35M91.04M123.3M111.04M72.13M62.97M51.34M42.26M38.49M22.91M
Total Liabilities1.42B1.16B1.08B986.6M1.1B1.04B903.36M835.12M726.29M626.84M
Total Debt+808.3M636.4M446M396.2M562.55M522.9M375.15M416.36M388.67M315.83M
Net Debt519M339.1M214.8M-7.2M362.33M206.81M124.31M217.64M271.48M192.23M
Debt / Equity0.86x0.62x0.76x0.67x1.12x1.19x0.81x1.03x1.54x2.31x
Debt / EBITDA2.13x2.87x-3.04x21.30x-3.07x19.05x--
Net Debt / EBITDA1.37x1.53x--0.06x13.72x-1.02x9.96x--
Interest Coverage15.81x4.93x-9.88x1.48x-0.95x-4.25x3.69x-0.08x-6.57x-5.47x
Total Equity+943.75M1.02B585.71M591.69M503.84M440.03M465.36M403.01M251.74M136.72M
Equity Growth %-0.05%0.09%-0.43%0.01%-0.15%-0.13%0.06%-0.13%-0.38%-0.46%
Book Value per Share19.2921.2012.0812.0310.038.618.827.774.812.58
Total Shareholders' Equity932.6M1.02B580.9M588.6M503.05M439.09M463.23M405.93M254.23M148.7M
Common Stock481K483K486K495K505K515K521K518K525K533K
Retained Earnings813.96M887.83M409.65M381.63M299.79M203.7M229.13M175.49M18.4M-84.27M
Treasury Stock0000000000
Accumulated OCI-80.51M-95.42M-76.27M-64.69M-80.61M-58.9M-67.28M-76.32M-76.41M-82.6M
Minority Interest11.15M9.2M4.81M3.09M787K942K2.13M-2.92M-2.49M-11.98M

Cash Flow

Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Cash from Operations+360.77M210.13M179.54M248.14M-14.21M101.24M50.03M-110.86M-59.46M46.68M
Operating CF Margin %0.11%0.07%0.06%0.1%-0.01%0.06%0.03%-0.07%-0.04%0.04%
Operating CF Growth %-0.07%-0.42%-0.15%0.38%-1.06%8.12%-0.51%-3.22%0.46%1.79%
Net Income229.9M85.6M-473.56M-938K-50.01M-95.94M26.62M-43.53M-157.09M-106.28M
Depreciation & Amortization87.66M94.59M80.97M67.58M54.79M43.13M29.61M23.33M19.1M16M
Stock-Based Compensation18.63M31.03M30.4M23.04M15.85M11.14M9.5M8.06M5.69M2.9M
Deferred Taxes929K-18.56M-43.49M6.43M-6.42M69K13.66M000
Other Non-Cash Items23.6M119K430.08M11.7M148.87M126.22M109.11M97.69M72.07M81.23M
Working Capital Changes47K17.34M155.14M140.31M-177.29M16.61M-138.47M-196.41M775K52.83M
Change in Receivables42.91M-12.9M14.37M68.31M30.94M60.75M-35.45M41.62M19.95M11.74M
Change in Inventory-43.08M64.83M6.83M153.44M-78.14M168.6M-62.26M-46.03M125.77M58.64M
Change in Payables41.84M-43.02M34.86M-38.37M4.86M3.5M53.93M-35.42M-42.89M14.38M
Cash from Investing+-293.83M-12.4M-24.72M-15.62M18.68M-10.62M7.11M-8.55M-9.87M4.04M
Capital Expenditures-83.5M-65.67M-27.02M-17.96M-24.15M-10.69M-10.29M-13.26M-8.53M-6.75M
CapEx % of Revenue0.03%0.02%0.01%0.01%0.01%0.01%0.01%0.01%0.01%0.01%
Acquisitions----------
Investments----------
Other Investing9.7M3.34M548K2.34M562K06.03M1.72M-1.34M10.8M
Cash from Financing+-64.03M-198.49M-201.71M-62.66M-208.49M10.75M-112.57M52.99M-13.63M-50.21M
Debt Issued (Net)----------
Equity Issued (Net)----------
Dividends Paid0000000000
Share Repurchases----------
Other Financing-12.99M-19.89M-10.43M-13.33M-19.07M-10M-10.48M-6.43M-2.32M-5.88M
Net Change in Cash----------
Free Cash Flow+277.27M144.45M152.52M230.18M-38.35M90.54M39.74M-124.12M-69.35M39.93M
FCF Margin %0.09%0.05%0.05%0.09%-0.02%0.06%0.02%-0.07%-0.05%0.03%
FCF Growth %-0.02%-0.48%0.06%0.51%-1.17%3.36%-0.56%-4.12%0.44%1.58%
FCF per Share5.672.993.154.68-0.761.770.75-2.39-1.330.75
FCF Conversion (FCF/Net Income)1.64x2.66x-0.38x-71.35x0.27x-1.05x1.97x2.51x0.38x-0.45x
Interest Paid000000017.5M27.3M0
Taxes Paid00000005.84M20.16M0

Key Ratios

Metric2015201620172018201920202021202220232024
Return on Equity (ROE)22.82%8.01%-59.39%-0.59%-9.56%-20.36%5.62%-10.17%-47.98%-52.86%
Return on Invested Capital (ROIC)15.57%6.75%-29.41%6.79%-2.93%-13.42%11.24%-0.18%-18.76%-18.3%
Gross Margin54.31%51.87%48.74%52.73%49.58%47.75%51.68%49.37%48.51%52.15%
Net Margin6.83%2.59%-17.15%-0.14%-2.36%-5.96%1.36%-2.62%-11.12%-8.97%
Debt / Equity0.86x0.62x0.76x0.67x1.12x1.19x0.81x1.03x1.54x2.31x
Interest Coverage15.81x4.93x-9.88x1.48x-0.95x-4.25x3.69x-0.08x-6.57x-5.47x
FCF Conversion1.64x2.66x-0.38x-71.35x0.27x-1.05x1.97x2.51x0.38x-0.45x
Revenue Growth-8%-5.78%-8.36%-8.85%-12.74%-27.25%15.91%-10.03%-16.05%-18.93%

Revenue by Segment

2015201620172018201920202021202220232024
Watches2.48B2.33B2.2B2.03B1.8B1.3B1.51B1.31B1.1B897.52M
Watches Growth--5.88%-5.63%-7.55%-11.34%-27.89%16.35%-13.35%-16.37%-18.11%
Traditional Watches------1.29B1.16B1.02B872.64M
Traditional Watches Growth--------10.06%-12.41%-14.03%
Jewelry272.15M251.39M211.69M167.78M123.18M102.92M158.84M154.1M131.41M114.45M
Jewelry Growth--7.63%-15.79%-20.75%-26.58%-16.45%54.34%-2.98%-14.73%-12.91%
Leathers409.38M393.76M325.5M289.38M238.62M173.62M157.64M178.54M158.43M111.12M
Leathers Growth--3.82%-17.34%-11.10%-17.54%-27.24%-9.20%13.26%-11.27%-29.86%
Smartwatches------223.9M151.6M80.95M24.88M
Smartwatches Growth--------32.29%-46.60%-69.26%
Products Other71.5M66.94M51.94M51.31M53.44M36.96M41.15M39.3M26.52M21.89M
Products Other Growth--6.37%-22.42%-1.21%4.15%-30.83%11.34%-4.50%-32.52%-17.46%

Revenue by Geography

2015201620172018201920202021202220232024
Americas--------640.78M515.15M
Americas Growth----------19.61%
Europe--------437.36M357.61M
Europe Growth----------18.23%
Asia--------328.2M270.07M
Asia Growth----------17.71%
UNITED STATES1.49B1.36B1.16B1.02B819.83M546.75M682.9M619.98M--
UNITED STATES Growth--9.12%-14.61%-12.06%-19.46%-33.31%24.90%-9.21%--
Europe1.07B1B974.2M857.97M718.22M525.33M614.25M543.59M--
Europe Growth--6.33%-2.78%-11.93%-16.29%-26.86%16.93%-11.50%--
Asia Pacific497.12M515.38M497.82M507.52M537.5M436.57M458.24M381.85M--
Asia Pacific Growth-3.67%-3.41%1.95%5.91%-18.78%4.96%-16.67%--
GERMANY505.4M467.7M406.2M359.9M310.1M225.5M237.1M194.1M--
GERMANY Growth--7.46%-13.15%-11.40%-13.84%-27.28%5.14%-18.14%--
CHINA-----228.4M261.4M174.2M--
CHINA Growth------14.45%-33.36%--
Countries Other Than United States Europe And Asia Pacific170.26M169.32M158.58M158.07M142.17M104.69M114.65M137.03M--
Countries Other Than United States Europe And Asia Pacific Growth--0.55%-6.35%-0.32%-10.06%-26.36%9.51%19.52%--

Frequently Asked Questions

Growth & Financials

Fossil Group, Inc. (FOSL) reported $1.08B in revenue for fiscal year 2024. This represents a 58% decrease from $2.57B in 2011.

Fossil Group, Inc. (FOSL) saw revenue decline by 18.9% over the past year.

Fossil Group, Inc. (FOSL) reported a net loss of $59.5M for fiscal year 2024.

Dividend & Returns

Fossil Group, Inc. (FOSL) has a return on equity (ROE) of -52.9%. Negative ROE indicates the company is unprofitable.

Fossil Group, Inc. (FOSL) had negative free cash flow of $47.7M in fiscal year 2024, likely due to heavy capital investments.

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