FOSL Consumer Cyclical

Fossil Group, Inc.

$6.69-1.76%

Price as of close on Nov 3, 2026 · Financials updated Oct 8, 2026

Basics

Sector: Consumer Cyclical
Industry: Footwear & Accessories
Country: United States
Market cap: 395.6M USD
Enterprise value: 533.3M USD
Full-time employees: 4,500

Overall health

Drawback: less profitable than most peersless profitable than peers
Drawback: growing more slowly than most peersgrowing more slowly than peers
Drawback: its shares are priced higher than most peers relative to what it earnspriced higher than peers for its earnings
Drawback: higher risk than most peers: its share price swings more than most peers’ (beta 1.56 vs a peer median of 0.63) and more debt relative to equity (2.26× vs a peer median of 0.46×)higher risk: bigger price swings (beta 1.56 vs peers 0.63) and more debt vs equity (2.26× vs peers 0.46×)

Ranks #1,471 of 1,502 consumer cyclical companies (bottom 3%)

See how it ranks against its peers

Worth knowing

Paying shareholders without free cash flow. Paid out $1M over the 3 fiscal years to 2025 with -$89M of free cash flow.
Fossil returned $1M in buybacks and dividends over three fiscal years while its free cash flow totalled -$89M. The money came from its cash pile or from borrowing.
Shareholders being diluted. Shares outstanding up 14% from December 2022 to August 2026.
Fossil had 14% more shares at August 2026 than at December 2022, mostly from issuing stock (for pay, acquisitions or fundraising). Each existing share now owns a smaller slice of the business.Fossil had 14% more shares at August 2026 than at December 2022, mostly from issuing stock. Each existing share now owns a smaller slice of the business.
Stock pay outran buybacks. Stock-based pay expense $11M vs $1M spent repurchasing shares over the 3 fiscal years to 2025.
Over three fiscal years Fossil recorded $11M of stock-based pay expense and spent $1M repurchasing shares (repurchases can include shares withheld to cover employees' taxes). Repurchases were smaller than the stock pay, so they did little to offset new employee shares.Over three fiscal years Fossil recorded $11M of stock-based pay expense and spent $1M repurchasing shares. Repurchases were smaller than the stock pay, so they did little to offset new employee shares.
Annual revenue fell three years running. Fiscal-year revenue down each year from 2022 to 2025.
Fossil's fiscal-year revenue declined in each of the three years to 2025.

StockQuotient Score

11/ 100

Oct 5 11 → Nov 4 11

Valuation

Is the price right?

11/100

Weak

3/3 inputs reported · High confidence

Since last quarter: No major changeValuation also moves with the share price every day.

Why

Weaker than most peers on:

▼ Earnings yield
▼ FCF yield
▼ EBITDA yield

Compare with peers

Behind the score

Sector-normalized EBITDA, earnings, and free cash flow yields.

Earnings yield-17.5%

SEC filings · 12 months to Jul 2026Negative (a loss or cash outflow), so it counts as zero whatever the share price30% base weight · Z-score -1.34Sector median: 0.0439 · MAD: 0.0329

EBITDA yield1.1%

SEC filings · 12 months to Jul 2026Reported value50% base weight · Z-score -1.67Sector median: 0.0877 · MAD: 0.0461

Free cash flow yield-10.4%

SEC filings · 12 months to Jul 2026 · operating cash flow − capital spendingNegative (a loss or cash outflow), so it counts as zero whatever the share price20% base weight · Z-score -1.13Sector median: 0.0614 · MAD: 0.0545

Other data (not scored)

Book yield22.7%

SEC filings · latest balance sheetReported valueInformational · 0% composite weightSector median: 0.5650 · MAD: 0.3500

Growth

Is it growing?

14/100

Weak

3/3 inputs reported · High confidence

Since last quarter: No major change

Why

Weaker than most peers on:

▼ 3-yr revenue
▼ Revenue growth

Compare with peers

Behind the score

Revenue and earnings-per-share growth over one year, and revenue growth over three years.

Earnings per share growthUnavailable

Still loss-making, but the loss per share narrowed33% base weight · Z-score 0.33Sector median: 0.0420 · MAD: 0.2537

3-year revenue growth-14.6%

SEC filings · 3 years to Jul 2026Outlier capped at sector 5th/95th percentile33% base weight · Z-score -2.84Sector median: 0.0425 · MAD: 0.0636

Revenue growth-9.1%

SEC filings · 12 months to Jul 2026Reported value33% base weight · Z-score -1.97Sector median: 0.0373 · MAD: 0.0653

Profitability

Does it earn well?

9/100

Weak

3/3 inputs reported · High confidence

Since last quarter: No major change

Why

Weaker than most peers on:

▼ ROA
▼ ROIC
▼ Operating margin

Compare with peers

Behind the score

Return on invested capital, operating margin, and return on assets.

Operating margin-0.6%

SEC filings · 12 months to Jul 2026Reported value33% base weight · Z-score -1.51Sector median: 0.0638 · MAD: 0.0461

Return on assets-10.6%

SEC filings · 12 months to Jul 2026Outlier capped at sector 5th/95th percentile33% base weight · Z-score -3.27Sector median: 0.0331 · MAD: 0.0254

Return on invested capital-2.1%

SEC filings · 12 months to Jul 2026Reported value33% base weight · Z-score -1.56Sector median: 0.0733 · MAD: 0.0600

Other data (not scored)

Gross margin56.7%

SEC filings · 12 months to Jul 2026Reported valueInformational · 0% composite weightSector median: 0.3025 · MAD: 0.1399

Return on equity-76.9%

SEC filings · 12 months to Jul 2026Outlier capped at sector 5th/95th percentileInformational · 0% composite weightSector median: 0.0746 · MAD: 0.0674

Risk

Debt, liquidity, price swings

Higher

Higher relative risk

3/3 inputs reported · High confidence

Since last quarter: No major change

Why

Weaker than most peers on:

▼ Beta
▼ Debt / equity

Compare with peers

Behind the score

Relative to sector peers: 0 = lower relative risk · 1 = moderate · 2 = higher. Based on leverage, beta and liquidity.

Beta1.56

Yahoo Finance · 5-year monthly beta vs the marketReported value33% base weight · Z-score -3.12Sector median: 0.6345 · MAD: 0.2980

Current ratio1.76×

SEC filings · latest balance sheetReported value33% base weight · Z-score 0.51Sector median: 1.4800 · MAD: 0.5570

Debt / equity2.26×

SEC filings · latest balance sheetReported value33% base weight · Z-score -5.05Sector median: 0.4646 · MAD: 0.3556

Valuation, growth and profitability scores: higher is better. Risk: 0 is lower, 2 is higher. Risk is a relative proxy, not a bankruptcy probability. Scores depend on available sector peers.

Questions investors ask about Fossil

Is Fossil getting weaker?: Its latest SEC filing (Aug 13, 2026) showed no major changes. Its overall score is unchanged at 11/100 since Oct 28, 2026.
How is Fossil valued vs its peers?: Priced higher than most peers relative to what it earns. Valuation scores 11/100 against 1,612 consumer cyclical peers. Earnings yield -17.5% vs a peer median of 4.4% (weaker than 100% of peers).Earnings yield -17.5% vs peers 4.4% (weaker than 100% of peers).
Is Fossil growing?: More slowly than most of its peers. Growth scores 14/100 against 1,612 consumer cyclical peers. 3-year revenue growth -14.6% vs a peer median of 4.3% (weaker than 100% of peers).3-year revenue growth -14.6% vs peers 4.3% (weaker than 100% of peers).
How profitable is Fossil?: Less profitable than most of its peers. Profitability scores 9/100 against 1,612 consumer cyclical peers. Return on assets -10.6% vs a peer median of 3.3% (weaker than 100% of peers).Return on assets -10.6% vs peers 3.3% (weaker than 100% of peers).
How risky is Fossil?: Higher risk relative to 1,612 consumer cyclical peers, judged on debt, liquidity and share-price swings. Current ratio 1.76× vs a peer median of 1.48× (stronger than 62% of peers).Current ratio 1.76× vs peers 1.48× (stronger than 62% of peers). Beta 1.56 vs a peer median of 0.63 (weaker than 92% of peers).Beta 1.56 vs peers 0.63 (weaker than 92% of peers). A relative measure, not a bankruptcy probability.

Latest filing: what changed

Quarter ended Jul 4, 2026 · filed Aug 13, 2026 · compared with the quarter ended Apr 4, 2026

No major changes

Worth watching: Fossil is in the bottom fifth of its sector on profitability. From 2021 to 2025, 63% of companies in that position posted a loss over the following year, against 4% for the top fifth.

	Previous quarter	Latest quarter	Change
Revenue (12 months)	995.9M USD	985.2M USD	−1.1%
Net income (12 months)	−60.6M USD	−69.1M USD	+14.0%
Operating margin	-0.0%	-0.6%	−0.5 pts
Free cash flow (12 months)	−22.5M USD	−41.2M USD	+82.9%
Debt	195.3M USD	203.0M USD	+4.0%
Cash	81.4M USD	79.0M USD	−3.0%
Shares outstanding	59.1M	59.1M	0.0%

From the company’s own SEC filings, as filed. Twelve-month figures roll forward one quarter at a time.

Industry valuation context

Sector: Consumer Cyclical · 182 companies

Valuations in Consumer Cyclical are within their usual range since 2016.

36% of months since 2016 were valued lower than now.
15% of companies are in the most expensive fifth of their own price-to-sales history.
Over 24 months, company values +0% and earnings +10% (medians): prices and earnings moved broadly together.
Median price-to-sales is −55% vs the whole market, against a usual −41%.

2016Shaded: most expensive fifth of its range2026

Shown for Consumer Cyclical: too few Footwear & Accessories companies have a long enough history of their own.

Financials

Fiscal years from SEC annual filings · change vs the prior year

Key ratios	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	Change
Gross margin	51.7%	49.4%	48.1%	52.2%	56.1%	▲ 3.9 pts
Operating margin	5.0%	-0.1%	-10.1%	-9.1%	-1.9%	▲ 7.2 pts
Net margin	1.4%	-2.6%	-11.1%	-9.3%	-7.7%	▲ 1.5 pts
Return on assets (ROA)	1.9%	-3.5%	-16.0%	-13.9%	-11.3%	▲ 2.6 pts
Return on equity (ROE)	5.7%	-10.7%	-61.6%	-71.5%	-75.7%	▼ 4.2 pts
Free cash flow margin	2.1%	-7.4%	-4.8%	3.5%	-6.0%	▼ 9.5 pts
Current ratio	1.91×	2.22×	2.08×	1.70×	1.55×	▼ 8.7%
Quick ratio	1.26×	1.34×	1.34×	1.15×	1.05×	▼ 9.0%
Debt to equity	0.33×	0.55×	0.84×	1.13×	1.99×	▲ 76%
Interest coverage	3.69×	-0.08×	-6.57×	-5.47×	-0.94×	▲ 83%

FOSL price history

Price history is added with the daily price update and will appear after the next one.

Similar companies

Sector leaderboards

Sanrio Company, Ltd.8136.T96/ 100

Track & Field Co S.A.TFCO4.SA92/ 100

Pop Mart International Group Limited9992.HK91/ 100

Bringing the fundamentals into focus…

Overall health

Drawback: less profitable than most peersless profitable than peers

Drawback: growing more slowly than most peersgrowing more slowly than peers

Drawback: its shares are priced higher than most peers relative to what it earnspriced higher than peers for its earnings

Drawback: higher risk than most peers: its share price swings more than most peers’ (beta 1.56 vs a peer median of 0.63) and more debt relative to equity (2.26× vs a peer median of 0.46×)higher risk: bigger price swings (beta 1.56 vs peers 0.63) and more debt vs equity (2.26× vs peers 0.46×)

Ranks #1,471 of 1,502 consumer cyclical companies (bottom 3%)

See how it ranks against its peers

Worth knowing

Paying shareholders without free cash flow. Paid out $1M over the 3 fiscal years to 2025 with -$89M of free cash flow.

Fossil returned $1M in buybacks and dividends over three fiscal years while its free cash flow totalled -$89M. The money came from its cash pile or from borrowing.

Shareholders being diluted. Shares outstanding up 14% from December 2022 to August 2026.

Fossil had 14% more shares at August 2026 than at December 2022, mostly from issuing stock (for pay, acquisitions or fundraising). Each existing share now owns a smaller slice of the business.Fossil had 14% more shares at August 2026 than at December 2022, mostly from issuing stock. Each existing share now owns a smaller slice of the business.

Stock pay outran buybacks. Stock-based pay expense $11M vs $1M spent repurchasing shares over the 3 fiscal years to 2025.

Over three fiscal years Fossil recorded $11M of stock-based pay expense and spent $1M repurchasing shares (repurchases can include shares withheld to cover employees' taxes). Repurchases were smaller than the stock pay, so they did little to offset new employee shares.Over three fiscal years Fossil recorded $11M of stock-based pay expense and spent $1M repurchasing shares. Repurchases were smaller than the stock pay, so they did little to offset new employee shares.

Annual revenue fell three years running. Fiscal-year revenue down each year from 2022 to 2025.

Fossil's fiscal-year revenue declined in each of the three years to 2025.

Questions investors ask about Fossil

Is Fossil getting weaker?

Its latest SEC filing (Aug 13, 2026) showed no major changes. Its overall score is unchanged at 11/100 since Oct 28, 2026.

How is Fossil valued vs its peers?

Priced higher than most peers relative to what it earns. Valuation scores 11/100 against 1,612 consumer cyclical peers. Earnings yield -17.5% vs a peer median of 4.4% (weaker than 100% of peers).Earnings yield -17.5% vs peers 4.4% (weaker than 100% of peers).

Is Fossil growing?

More slowly than most of its peers. Growth scores 14/100 against 1,612 consumer cyclical peers. 3-year revenue growth -14.6% vs a peer median of 4.3% (weaker than 100% of peers).3-year revenue growth -14.6% vs peers 4.3% (weaker than 100% of peers).

How profitable is Fossil?

Less profitable than most of its peers. Profitability scores 9/100 against 1,612 consumer cyclical peers. Return on assets -10.6% vs a peer median of 3.3% (weaker than 100% of peers).Return on assets -10.6% vs peers 3.3% (weaker than 100% of peers).

How risky is Fossil?

Higher risk relative to 1,612 consumer cyclical peers, judged on debt, liquidity and share-price swings. Current ratio 1.76× vs a peer median of 1.48× (stronger than 62% of peers).Current ratio 1.76× vs peers 1.48× (stronger than 62% of peers). Beta 1.56 vs a peer median of 0.63 (weaker than 92% of peers).Beta 1.56 vs peers 0.63 (weaker than 92% of peers). A relative measure, not a bankruptcy probability.

Previous quarter

Latest quarter

Change

Revenue (12 months)

995.9M USD

985.2M USD

−1.1%

Net income (12 months)

−60.6M USD

−69.1M USD

+14.0%

Operating margin

-0.0%

-0.6%

−0.5 pts

Free cash flow (12 months)

−22.5M USD

−41.2M USD

+82.9%

Debt

195.3M USD

203.0M USD

+4.0%

Cash

81.4M USD

79.0M USD

−3.0%

Shares outstanding

59.1M

59.1M

0.0%

Key ratios

FY 2021

FY 2022

FY 2023

FY 2024

FY 2025

Change

Gross margin

51.7%

49.4%

48.1%

52.2%

56.1%

▲ 3.9 pts

Operating margin

5.0%

-0.1%

-10.1%

-9.1%

-1.9%

▲ 7.2 pts

Net margin

1.4%

-2.6%

-11.1%

-9.3%

-7.7%

▲ 1.5 pts

Return on assets (ROA)

1.9%

-3.5%

-16.0%

-13.9%

-11.3%

▲ 2.6 pts

Return on equity (ROE)

5.7%

-10.7%

-61.6%

-71.5%

-75.7%

▼ 4.2 pts

Free cash flow margin

2.1%

-7.4%

-4.8%

3.5%

-6.0%

▼ 9.5 pts

Current ratio

1.91×

2.22×

2.08×

1.70×

1.55×

▼ 8.7%

Quick ratio

1.26×

1.34×

1.15×

1.05×

▼ 9.0%

Debt to equity

0.33×

0.55×

0.84×

1.13×

1.99×

▲ 76%

Interest coverage

3.69×

-0.08×

-6.57×

-5.47×

-0.94×

▲ 83%