Fossil Group, Inc. key statistics and ratios

In fiscal 2025, Fossil Group, Inc. had return on equity of -62.3%, an operating margin of -1.9%, debt equal to 199.4% of equity and a current ratio of 1.55. Each ratio below is calculated from the figures on its income statement, balance sheet and cash flow pages.

Financial ratios

US$ thousands unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fossil Group, Inc.: financial ratios, annual
Fiscal year	2009Jan 2010	2010Jan 2011	2011Dec 2011	2012Dec 2012	2013Dec 2013	2014Jan 2015	2015Jan 2016	2016Dec 2016	2017Dec 2017	2018Dec 2018	2019Dec 2019	2020Jan 2021	2021Jan 2022	2022Dec 2022	2023Dec 2023	2024Dec 2024	2025Jan 2026	LTMJul 2026
Gross margin	54.6%	56.9%	56.1%	56.2%	57.1%	57.0%	54.3%	51.9%	48.7%	52.7%	49.6%	47.7%	51.7%	49.4%	48.1%	52.2%	56.1%	56.7%
Operating margin	13.7%	18.5%	18.4%	17.1%	17.2%	16.1%	9.0%	4.2%	−15.2%	2.5%	−1.3%	−8.4%	5.0%	−0.1%	−10.1%	−9.1%	−1.9%	−0.6%
Net margin	9.0%	12.6%	11.5%	12.0%	11.6%	10.7%	6.8%	2.6%	−17.2%	−0.1%	−2.4%	−6.0%	1.4%	−2.6%	−11.1%	−9.0%	−7.8%	−7.1%
Free-cash-flow margin	14.7%	8.0%	5.5%	11.9%	9.7%	8.4%	8.7%	4.7%	5.5%	9.1%	−1.6%	5.7%	2.1%	−7.4%	−4.8%	3.5%	−6.0%	−4.2%
Return on equity	14.4%	25.3%	27.3%	29.4%	32.9%	36.8%	23.2%	8.2%	−60.4%	−0.6%	−9.6%	−20.4%	5.6%	−10.2%	−47.6%	−51.0%	−62.3%	−72.5%
Return on assets	10.9%	18.6%	18.9%	19.7%	18.8%	17.3%	9.7%	3.5%	−24.9%	−0.2%	−3.3%	−6.2%	1.8%	−3.4%	−14.2%	−11.8%	−10.8%	−10.4%
Asset turnover	1.21	1.48	1.65	1.64	1.62	1.61	1.42	1.34	1.45	1.57	1.39	1.05	1.31	1.29	1.27	1.31	1.38	1.47
Current ratio	3.86	3.36	3.16	2.81	3.01	3.26	2.95	3.25	2.54	2.08	1.89	1.77	1.91	2.22	2.08	1.70	1.55	1.76
Debt to equity	0.8%	0.9%	0.8%	6.3%	47.5%	64.0%	87.7%	63.2%	77.4%	68.4%	45.6%	57.4%	32.5%	55.0%	83.6%	113.0%	199.4%	225.9%
Interest cover (operating income ÷ interest)	—	—	197.4x	94.7x	58.8x	35.6x	14.5x	4.7x	n/m	1.5x	n/m	n/m	3.7x	n/m	n/m	n/m	n/m	n/m
Effective tax rate	34.4%	31.1%	31.9%	28.0%	30.9%	30.7%	26.2%	25.1%	—	—	—	—	49.8%	—	—	—	—	—
R&D as % of revenue	—	—	—	—	—	0.0%	0.2%	1.3%	1.5%	1.5%	1.5%	1.6%	1.5%	1.7%	1.4%	0.0%	0.0%	—
SG&A as % of revenue	—	—	37.7%	39.1%	39.9%	40.9%	44.2%	46.8%	47.6%	48.2%	48.4%	51.8%	45.1%	49.0%	55.0%	55.8%	53.8%	54.7%
Capital spending as % of revenue	2.4%	2.3%	4.3%	3.9%	2.9%	2.7%	2.5%	2.2%	0.9%	0.7%	0.9%	0.5%	0.6%	0.8%	0.6%	0.6%	0.3%	0.3%
Free cash flow ÷ net income	164.0%	63.7%	48.0%	98.8%	83.7%	77.8%	127.4%	183.2%	—	—	—	—	156.2%	—	—	—	—	—
Dividends and buybacks ÷ free cash flow	0.0%	122.5%	191.6%	80.0%	184.0%	149.4%	82.3%	5.0%	0.8%	1.2%	—	0.8%	6.1%	—	—	0.3%	—	—

US$ thousands unless shown otherwise. Fiscal quarters.

Fossil Group, Inc.: financial ratios, quarterly
Quarter	2024 Q3Sept 2024	2024 Q4Dec 2024	2025 Q1Apr 2025	2025 Q2Jul 2025	2025 Q3Oct 2025	2025 Q4Jan 2026	2026 Q1Apr 2026	2026 Q2Jul 2026
Gross margin	49.4%	53.9%	61.3%	57.5%	49.0%	57.4%	59.9%	62.4%
Operating margin	−8.5%	−4.8%	−2.9%	3.9%	−8.0%	0.3%	5.4%	1.5%
Net margin	−11.1%	−2.2%	−7.5%	−1.0%	−14.8%	−6.6%	−0.4%	−5.1%
Free-cash-flow margin	−8.4%	8.3%	−26.0%	3.9%	−8.3%	5.0%	−10.1%	−4.8%
Current ratio	1.81	1.70	1.84	1.83	1.56	1.55	1.72	1.76
Debt to equity	106.9%	113.0%	127.7%	119.1%	156.3%	199.4%	197.1%	225.9%
SG&A as % of revenue	55.9%	50.3%	57.4%	50.3%	54.3%	52.9%	53.6%	58.9%

Returns use average equity or assets over the year. Return on equity is left blank when equity is negative or so small that the ratio says nothing (above ±200%); interest cover is left blank above 200 times. Price-based ratios such as P/E are on the valuation page.

Financial health

1 of 6 checks passed · July 4, 2026

What it owns · $653m

Short-term assets $438mLonger-term assets $215m

What it owes, and who funded it · $338m

Short-term liabilities $248mShareholders' equity $90m

Short-term assets cover short-term liabilities $438m of assets due within a year against $248m of liabilities due within a year.
Short-term assets cover long-term liabilities Not assessable from the reported split. Not assessable.
More cash than debt $79m of cash against $203m of debt.
Debt below 40% of shareholders' equity Debt is 226% of equity.
Debt burden no higher than five years ago Debt to equity moved from 32% to 226% over five years.
A year's operating cash flow covers at least 20% of debt −$38m of operating cash flow against $203m of debt.
Operating profit covers interest at least five times over Operating income of −$6m against $28m of interest.

From Fossil Group, Inc.'s latest balance sheet as filed. Checks are fixed, documented rules (methodology), counted only where the company reports the figures — a dot means the filing doesn't break the item out. Descriptions of reported data, not advice.

Moat

50 /100

Moderate moat

How hard Fossil Group's competitive advantage looks for rivals to wear away, judged from 10 years of its own filings: returns on capital, pricing power, profit durability, cash conversion and discipline.

Returns on capital 9 / 20

Cash operating profit has been a median 7.7% of total assets over 10 years.
Pricing power 16 / 20

Gross margin has been a median 50.9%, moving by 3.0 percentage points (standard deviation) across 10 years.
Durability 10 / 20

Operating margin has been a median -1.8%; its worst year was -13.1%.
Cash conversion 7 / 20

Free cash flow was positive in 6 of 10 years, at a median 2.3% of revenue.
Discipline 13 / 20

The diluted share count rose 10.0% over five years; stock-based pay has been a median 0.6% of revenue.

AI disruption exposure: Medium. In this industry, AI could change how the product is made or sold, without replacing the core asset. The score above includes a 5-point deduction for that exposure (55 before it).

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

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Figures from Fossil Group, Inc.'s SEC filings (10-K and 10-Q), retrieved October 26, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Fossil Group, Inc.