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Side-by-side financial comparison of Deckers Brands (DECK) and Western Digital (WDC). Click either name above to swap in a different company.

Western Digital is the larger business by last-quarter revenue ($3.0B vs $2.0B, roughly 1.5× Deckers Brands). Western Digital runs the higher net margin — 61.1% vs 24.6%, a 36.5% gap on every dollar of revenue. On growth, Western Digital posted the faster year-over-year revenue change (31.5% vs 7.1%). Over the past eight quarters, Deckers Brands's revenue compounded faster (42.8% CAGR vs -6.6%).

Deckers Outdoor Corporation, doing business as Deckers Brands, is an American footwear designer and distributor founded in 1973 and based in Goleta, California. The company's portfolio of brands includes UGG, Teva, and Hoka. It was founded by Doug Otto and Karl F. Lopker.

Western Digital Corporation, doing business as WD, is an American data storage company headquartered in San Jose, California. Established in 1970, the company is one of the world's largest manufacturers of hard disk drives (HDDs).

DECK vs WDC — Head-to-Head

Bigger by revenue
WDC
WDC
1.5× larger
WDC
$3.0B
$2.0B
DECK
Growing faster (revenue YoY)
WDC
WDC
+24.4% gap
WDC
31.5%
7.1%
DECK
Higher net margin
WDC
WDC
36.5% more per $
WDC
61.1%
24.6%
DECK
Faster 2-yr revenue CAGR
DECK
DECK
Annualised
DECK
42.8%
-6.6%
WDC

Income Statement — Q3 FY2026 vs Q2 FY2026

Metric
DECK
DECK
WDC
WDC
Revenue
$2.0B
$3.0B
Net Profit
$481.1M
$1.8B
Gross Margin
59.8%
45.7%
Operating Margin
31.4%
30.1%
Net Margin
24.6%
61.1%
Revenue YoY
7.1%
31.5%
Net Profit YoY
5.3%
254.2%
EPS (diluted)
$3.33
$4.73

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
DECK
DECK
WDC
WDC
Q1 26
$3.0B
Q4 25
$2.0B
$2.8B
Q3 25
$1.4B
Q2 25
$964.5M
$-1.2B
Q1 25
$1.0B
$2.3B
Q4 24
$1.8B
$4.3B
Q3 24
$1.3B
$4.1B
Q2 24
$825.3M
$3.8B
Net Profit
DECK
DECK
WDC
WDC
Q1 26
$1.8B
Q4 25
$481.1M
$1.2B
Q3 25
$268.2M
Q2 25
$139.2M
$282.0M
Q1 25
$151.4M
$520.0M
Q4 24
$456.7M
$594.0M
Q3 24
$242.3M
$493.0M
Q2 24
$115.6M
$39.0M
Gross Margin
DECK
DECK
WDC
WDC
Q1 26
45.7%
Q4 25
59.8%
43.5%
Q3 25
56.2%
Q2 25
55.8%
Q1 25
56.7%
39.8%
Q4 24
60.3%
35.4%
Q3 24
55.9%
37.9%
Q2 24
56.9%
35.9%
Operating Margin
DECK
DECK
WDC
WDC
Q1 26
30.1%
Q4 25
31.4%
28.1%
Q3 25
22.8%
Q2 25
17.1%
Q1 25
17.0%
33.1%
Q4 24
31.0%
19.9%
Q3 24
23.3%
18.1%
Q2 24
16.1%
5.7%
Net Margin
DECK
DECK
WDC
WDC
Q1 26
61.1%
Q4 25
24.6%
41.9%
Q3 25
18.7%
Q2 25
14.4%
-24.4%
Q1 25
14.8%
22.7%
Q4 24
25.0%
13.9%
Q3 24
18.5%
12.0%
Q2 24
14.0%
1.0%
EPS (diluted)
DECK
DECK
WDC
WDC
Q1 26
$4.73
Q4 25
$3.33
$3.07
Q3 25
$1.82
Q2 25
$0.93
$0.72
Q1 25
$-2.78
$1.42
Q4 24
$3.00
$1.63
Q3 24
$1.59
$1.35
Q2 24
$4.52
$0.15

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
DECK
DECK
WDC
WDC
Cash + ST InvestmentsLiquidity on hand
$2.1B
$2.0B
Total DebtLower is stronger
$4.7B
Stockholders' EquityBook value
$2.6B
$7.1B
Total Assets
$4.1B
$15.6B
Debt / EquityLower = less leverage
0.65×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
DECK
DECK
WDC
WDC
Q1 26
$2.0B
Q4 25
$2.1B
$2.0B
Q3 25
$1.4B
Q2 25
$1.7B
$2.1B
Q1 25
$1.9B
$3.5B
Q4 24
$2.2B
$2.3B
Q3 24
$1.2B
$1.7B
Q2 24
$1.4B
$1.9B
Total Debt
DECK
DECK
WDC
WDC
Q1 26
$4.7B
Q4 25
$4.7B
Q3 25
Q2 25
$4.7B
Q1 25
$7.3B
Q4 24
$7.4B
Q3 24
$7.4B
Q2 24
$7.4B
Stockholders' Equity
DECK
DECK
WDC
WDC
Q1 26
$7.1B
Q4 25
$2.6B
$5.9B
Q3 25
$2.5B
Q2 25
$2.5B
$5.3B
Q1 25
$2.5B
$5.2B
Q4 24
$2.6B
$12.1B
Q3 24
$2.2B
$11.6B
Q2 24
$2.1B
$10.8B
Total Assets
DECK
DECK
WDC
WDC
Q1 26
$15.6B
Q4 25
$4.1B
$14.4B
Q3 25
$3.8B
Q2 25
$3.8B
$14.0B
Q1 25
$3.6B
$16.4B
Q4 24
$4.0B
$25.5B
Q3 24
$3.4B
$24.8B
Q2 24
$3.3B
$24.2B
Debt / Equity
DECK
DECK
WDC
WDC
Q1 26
0.65×
Q4 25
0.80×
Q3 25
Q2 25
0.89×
Q1 25
1.42×
Q4 24
0.61×
Q3 24
0.64×
Q2 24
0.69×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
DECK
DECK
WDC
WDC
Operating Cash FlowLast quarter
$1.0B
Free Cash FlowOCF − Capex
$1.0B
FCF MarginFCF / Revenue
52.1%
Capex IntensityCapex / Revenue
1.1%
Cash ConversionOCF / Net Profit
2.17×
TTM Free Cash FlowTrailing 4 quarters
$929.1M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
DECK
DECK
WDC
WDC
Q1 26
Q4 25
$1.0B
$672.0M
Q3 25
$8.1M
Q2 25
$36.1M
$746.0M
Q1 25
$-73.0M
$508.0M
Q4 24
$1.1B
$403.0M
Q3 24
$-90.5M
$34.0M
Q2 24
$112.7M
$366.0M
Free Cash Flow
DECK
DECK
WDC
WDC
Q1 26
Q4 25
$1.0B
$599.0M
Q3 25
$-13.9M
Q2 25
$12.2M
$675.0M
Q1 25
$-89.4M
$379.0M
Q4 24
$1.1B
$287.0M
Q3 24
$-113.4M
$-62.0M
Q2 24
$90.1M
$250.0M
FCF Margin
DECK
DECK
WDC
WDC
Q1 26
Q4 25
52.1%
21.3%
Q3 25
-1.0%
Q2 25
1.3%
-58.5%
Q1 25
-8.8%
16.5%
Q4 24
58.6%
6.7%
Q3 24
-8.6%
-1.5%
Q2 24
10.9%
6.6%
Capex Intensity
DECK
DECK
WDC
WDC
Q1 26
Q4 25
1.1%
2.6%
Q3 25
1.5%
Q2 25
2.5%
-6.2%
Q1 25
1.6%
5.6%
Q4 24
1.3%
2.7%
Q3 24
1.7%
2.3%
Q2 24
2.7%
3.1%
Cash Conversion
DECK
DECK
WDC
WDC
Q1 26
Q4 25
2.17×
0.57×
Q3 25
0.03×
Q2 25
0.26×
2.65×
Q1 25
-0.48×
0.98×
Q4 24
2.40×
0.68×
Q3 24
-0.37×
0.07×
Q2 24
0.97×
9.38×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

DECK
DECK

UGG Brand Segment$1.3B67%
Hoka Brand Segment$628.9M32%
Other Brands Segment$23.2M1%

WDC
WDC

Cloud$2.7B89%
Client Devices$176.0M6%
Consumer$168.0M6%

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