Fossil (FOSL) financial statements
Fossil reported revenue of $1.0B in fiscal 2025, down 11.6% a year over 9 years.
Net income was -$78M and the operating margin -1.9%, against 4.2% in 2016.
Free cash flow was -$60M, and the company returned $164,000 in net buybacks.
The diluted share count rose 12% over the period (dilution).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from Fossil's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $3.0B | $2.8B | $2.5B | $2.2B | $1.6B | $1.9B | $1.7B | $1.4B | $1.1B | $1.0B |
| Cost of revenue | $1.5B | $1.4B | $1.2B | $1.1B | $843M | $904M | $852M | $733M | $548M | $441M |
| Gross profit | $1.6B | $1.4B | $1.3B | $1.1B | $770M | $966M | $831M | $680M | $597M | $563M |
| Research and development | $39M | $43M | $38M | $32M | $26M | $27M | $29M | $19M | $0 | $0 |
| Selling, general and admin | $1.4B | $1.3B | $1.2B | $1.1B | $835M | $843M | $824M | $777M | $639M | $540M |
| Operating income | $127M | -$424M | $63M | -$28M | -$135M | $93M | -$1M | -$143M | -$104M | -$19M |
| Interest expense | $27M | $43M | $43M | $30M | $32M | $25M | $19M | $22M | $19M | $20M |
| Pre-tax income | $114M | -$454M | $20M | -$31M | -$172M | $53M | -$22M | -$156M | -$118M | -$50M |
| Income tax | $29M | $20M | $21M | $19M | -$76M | $26M | $21M | $522,000 | -$12M | $28M |
| Net income | $79M | -$478M | -$3M | -$52M | -$96M | $25M | -$44M | -$157M | -$103M | -$78M |
| EPS (diluted) | $1.63 | -$9.87 | -$0.07 | -$1.04 | -$1.88 | $0.48 | -$0.85 | -$3.00 | -$1.94 | -$1.45 |
| Diluted shares | 48M | 48M | 49M | 50M | 51M | 53M | 52M | 52M | 53M | 54M |
| Gross margin | 51.9% | 48.7% | 52.7% | 49.6% | 47.7% | 51.7% | 49.4% | 48.1% | 52.2% | 56.1% |
| Operating margin | 4.2% | -15.2% | 2.5% | -1.3% | -8.4% | 5.0% | -0.1% | -10.1% | -9.1% | -1.9% |
| Net margin | 2.6% | -17.2% | -0.1% | -2.4% | -6.0% | 1.4% | -2.6% | -11.1% | -9.0% | -7.8% |
Balance sheet
Fiscal years, from Fossil's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $297M | $231M | $403M | $200M | $316M | $251M | $199M | $117M | $124M | $96M |
| Receivables | $376M | $367M | $328M | $290M | $230M | $255M | $206M | $188M | $162M | $145M |
| Inventory | $542M | $574M | $378M | $452M | $295M | $347M | $376M | $253M | $179M | $152M |
| Total current assets | $1.3B | $1.3B | $1.3B | $1.1B | $990M | $1.0B | $945M | $711M | $555M | $468M |
| Property, plant and equipment | $274M | $220M | $183M | $152M | $114M | $90M | $80M | $57M | $42M | $34M |
| Goodwill | $355M | $0 | — | — | — | — | — | — | — | — |
| Total assets | $2.2B | $1.7B | $1.6B | $1.6B | $1.5B | $1.4B | $1.2B | $978M | $764M | $689M |
| Total current liabilities | $415M | $509M | $606M | $559M | $559M | $536M | $426M | $342M | $327M | $302M |
| Long-term debt | $610M | $444M | $270M | $179M | $186M | $141M | $216M | $207M | $163M | $174M |
| Total liabilities | $1.2B | $1.1B | $987M | $1.1B | $1.0B | $903M | $835M | $726M | $627M | $602M |
| Shareholders' equity | $1.0B | $576M | $586M | $503M | $439M | $463M | $406M | $254M | $149M | $103M |
| Net debt | $339M | $215M | -$7M | $5M | -$89M | -$109M | $18M | $90M | $41M | $82M |
Cash flow
Fiscal years, from Fossil's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $210M | $180M | $248M | -$14M | $101M | $50M | -$111M | -$59M | $47M | -$58M |
| Capital spending | $66M | $26M | $18M | $21M | $9M | $10M | $13M | $9M | $7M | $3M |
| Free cash flow | $144M | $154M | $230M | -$35M | $92M | $40M | -$124M | -$68M | $40M | -$60M |
| Stock-based compensation | $31M | $30M | $23M | $16M | $11M | $9M | $8M | $6M | $3M | $2M |
| Share buybacks (net) | -$7M | -$1M | -$3M | -$4M | -$727,000 | -$2M | -$12M | -$530,000 | -$114,000 | -$164,000 |
| Free cash flow margin | 4.7% | 5.5% | 9.1% | -1.6% | 5.7% | 2.1% | -7.4% | -4.8% | 3.5% | -6.0% |
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Open FOSL in InvestinglyQuestions
What was Fossil's revenue in 2025?
$1.0B in fiscal 2025, from its 10-K filing.
How much free cash flow does Fossil generate?
-$60M in fiscal 2025 (operating cash flow minus capital spending).
From Fossil's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.