Fossil Group, Inc. (FOSL) vs Rocky Brands, Inc. (RCKY)

Fossil Group, Inc. and Rocky Brands, Inc. are both Footwear & Accessories companies. Fossil Group, Inc. is the larger, with a market value of $459.2M against $391.5M — 1.2× the size. Fossil Group, Inc. has negative trailing earnings, so its P/E is not meaningful; Rocky Brands, Inc. trades at 11.3×. Rocky Brands, Inc. grew revenue faster over the last twelve months: 10.8% against −9.10%. Rocky Brands, Inc. has the higher net margin (6.62% vs −7.09%) and the higher return on invested capital (8.17% vs −1.76%). Across the 20 metrics below, Rocky Brands, Inc. leads on 16 and Fossil Group, Inc. on 4.

Valuation

Metric FOSL RCKY Footwear & Accessories median
P/E n/m 11.29 17.09
P/S 0.46 0.75 1.01
P/B 6.16 1.41 2.84
Price to free cash flow n/m 13.99 12.64
EV/EBITDA 99.03 8.17 11.19
EV/Sales 0.59 0.97 1.27
Earnings yield (16.60%) 8.86% 5.29%
Free cash flow yield (8.15%) 7.15% 6.01%

Profitability

Metric FOSL RCKY Footwear & Accessories median
Gross margin 56.73% 43.44% 49.08%
Operating margin (0.57%) 9.80% 8.69%
Net margin (7.09%) 6.62% 6.62%
Free cash flow margin (3.77%) 5.35% 8.58%
Return on equity (67.21%) 13.19% 13.50%
Return on assets (10.29%) 6.84% 6.62%
Return on invested capital (1.76%) 8.17% 10.98%

Growth

Metric FOSL RCKY Footwear & Accessories median
Revenue growth (TTM) (9.10%) 10.84% 0.70%
EPS growth (last fiscal year) 25.26% 94.74% 12.95%
Revenue growth, 5-year CAGR (9.04%) 11.69% 9.43%
Net income growth, 5-year CAGR 0.00% 1.22% 0.00%

Health

Metric FOSL RCKY Footwear & Accessories median
Debt to equity 2.74 0.42 0.47
Current ratio 1.76 2.70 2.26
Net debt to EBITDA (13.61) 2.51 0.38

Dividend

Metric FOSL RCKY Footwear & Accessories median
Dividend yield — 1.25% 2.01%
Payout ratio — 0.14 0.37

Size

Metric FOSL RCKY Footwear & Accessories median
Market cap 459.20m 391.45m 1.27b

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