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美国铝业公司（AA）与Deckers Brands（DECK）财务数据对比。点击上方公司名可切换其他公司
美国铝业公司的季度营收约是Deckers Brands的1.8倍（$3.4B vs $2.0B），Deckers Brands净利率更高（24.6% vs 6.2%，领先18.4%），Deckers Brands同比增速更快（7.1% vs -1.1%），Deckers Brands自由现金流更多（$1.0B vs $294.0M），过去两年Deckers Brands的营收复合增速更高（42.8% vs 15.2%）
美国铝业公司是美国大型工业企业，为全球规模领先的铝生产商之一，业务布局覆盖10个国家，涵盖铝土矿开采、氧化铝精炼、原铝冶炼、铝制品加工及铝回收利用全产业链，产品广泛应用于全球各工业领域。
Deckers Brands是1973年成立的美国鞋履设计与分销企业，总部位于加利福尼亚州戈利塔，由道格·奥托与卡尔·F·洛普克共同创立。公司旗下拥有UGG、Teva、Hoka等全球知名鞋履品牌，产品覆盖休闲、户外等多个领域，销往世界多地。
AA vs DECK — 直观对比
营收规模更大
AA
是对方的1.8倍
$2.0B
营收增速更快
DECK
高出8.2%
-1.1%
净利率更高
DECK
高出18.4%
6.2%
自由现金流更多
DECK
多$726.3M
$294.0M
两年增速更快
DECK
近两年复合增速
15.2%
损益表 — Q4 FY2025 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $3.4B | $2.0B |
| 净利润 | $213.0M | $481.1M |
| 毛利率 | — | 59.8% |
| 营业利润率 | 2.0% | 31.4% |
| 净利率 | 6.2% | 24.6% |
| 营收同比 | -1.1% | 7.1% |
| 净利润同比 | 5.4% | 5.3% |
| 每股收益（稀释后） | $0.80 | $3.33 |
绿色 = 该指标领先。财年不对齐时期间可能不同
8季度营收与利润趋势
并排季度历史对比，按日历期对齐，财年错位的公司也能正确匹配
营收AADECK
| Q4 25 | $3.4B | $2.0B | ||
| Q3 25 | $3.0B | $1.4B | ||
| Q2 25 | $3.0B | $964.5M | ||
| Q1 25 | $3.4B | $1.0B | ||
| Q4 24 | $3.5B | $1.8B | ||
| Q3 24 | $2.9B | $1.3B | ||
| Q2 24 | $2.9B | $825.3M | ||
| Q1 24 | $2.6B | $959.8M |
净利润AADECK
| Q4 25 | $213.0M | $481.1M | ||
| Q3 25 | $232.0M | $268.2M | ||
| Q2 25 | $164.0M | $139.2M | ||
| Q1 25 | $548.0M | $151.4M | ||
| Q4 24 | $202.0M | $456.7M | ||
| Q3 24 | $90.0M | $242.3M | ||
| Q2 24 | $20.0M | $115.6M | ||
| Q1 24 | $-252.0M | $127.5M |
毛利率AADECK
| Q4 25 | — | 59.8% | ||
| Q3 25 | — | 56.2% | ||
| Q2 25 | — | 55.8% | ||
| Q1 25 | — | 56.7% | ||
| Q4 24 | — | 60.3% | ||
| Q3 24 | — | 55.9% | ||
| Q2 24 | — | 56.9% | ||
| Q1 24 | — | 56.2% |
营业利润率AADECK
| Q4 25 | 2.0% | 31.4% | ||
| Q3 25 | 5.6% | 22.8% | ||
| Q2 25 | 5.3% | 17.1% | ||
| Q1 25 | 19.8% | 17.0% | ||
| Q4 24 | 9.7% | 31.0% | ||
| Q3 24 | 6.3% | 23.3% | ||
| Q2 24 | 3.2% | 16.1% | ||
| Q1 24 | -12.5% | 15.0% |
净利率AADECK
| Q4 25 | 6.2% | 24.6% | ||
| Q3 25 | 7.7% | 18.7% | ||
| Q2 25 | 5.4% | 14.4% | ||
| Q1 25 | 16.3% | 14.8% | ||
| Q4 24 | 5.8% | 25.0% | ||
| Q3 24 | 3.1% | 18.5% | ||
| Q2 24 | 0.7% | 14.0% | ||
| Q1 24 | -9.7% | 13.3% |
每股收益（稀释后）AADECK
| Q4 25 | $0.80 | $3.33 | ||
| Q3 25 | $0.88 | $1.82 | ||
| Q2 25 | $0.62 | $0.93 | ||
| Q1 25 | $2.07 | $-2.78 | ||
| Q4 24 | $1.18 | $3.00 | ||
| Q3 24 | $0.38 | $1.59 | ||
| Q2 24 | $0.11 | $4.52 | ||
| Q1 24 | $-1.41 | $4.82 |
资产负债表与财务实力
最新季度各公司的流动性、杠杆与账面价值一览
| 指标 | | |
|---|---|---|
| 现金及短期投资手头流动性 | $1.6B | $2.1B |
| 总债务越低越好 | $2.4B | — |
| 股东权益账面价值 | $6.1B | $2.6B |
| 总资产 | $16.1B | $4.1B |
| 负债/权益比越低杠杆越低 | 0.40× | — |
8季度趋势，按日历期对齐
现金及短期投资AADECK
| Q4 25 | $1.6B | $2.1B | ||
| Q3 25 | $1.5B | $1.4B | ||
| Q2 25 | $1.5B | $1.7B | ||
| Q1 25 | $1.2B | $1.9B | ||
| Q4 24 | $1.1B | $2.2B | ||
| Q3 24 | $1.3B | $1.2B | ||
| Q2 24 | $1.4B | $1.4B | ||
| Q1 24 | $1.4B | $1.5B |
总债务AADECK
| Q4 25 | $2.4B | — | ||
| Q3 25 | $2.6B | — | ||
| Q2 25 | $2.6B | — | ||
| Q1 25 | $2.6B | — | ||
| Q4 24 | $2.5B | — | ||
| Q3 24 | $2.5B | — | ||
| Q2 24 | $2.5B | — | ||
| Q1 24 | $2.5B | — |
股东权益AADECK
| Q4 25 | $6.1B | $2.6B | ||
| Q3 25 | $6.3B | $2.5B | ||
| Q2 25 | $6.1B | $2.5B | ||
| Q1 25 | $5.8B | $2.5B | ||
| Q4 24 | $5.2B | $2.6B | ||
| Q3 24 | $5.3B | $2.2B | ||
| Q2 24 | $3.9B | $2.1B | ||
| Q1 24 | $4.0B | $2.1B |
总资产AADECK
| Q4 25 | $16.1B | $4.1B | ||
| Q3 25 | $16.0B | $3.8B | ||
| Q2 25 | $15.0B | $3.8B | ||
| Q1 25 | $14.6B | $3.6B | ||
| Q4 24 | $14.1B | $4.0B | ||
| Q3 24 | $14.5B | $3.4B | ||
| Q2 24 | $14.3B | $3.3B | ||
| Q1 24 | $14.3B | $3.1B |
负债/权益比AADECK
| Q4 25 | 0.40× | — | ||
| Q3 25 | 0.41× | — | ||
| Q2 25 | 0.42× | — | ||
| Q1 25 | 0.44× | — | ||
| Q4 24 | 0.48× | — | ||
| Q3 24 | 0.47× | — | ||
| Q2 24 | 0.63× | — | ||
| Q1 24 | 0.62× | — |
现金流与资本效率
扣除再投资后实际产生的现金。现金流比净利润更难造假
| 指标 | | |
|---|---|---|
| 经营现金流最新季度 | $537.0M | $1.0B |
| 自由现金流经营现金流 - 资本支出 | $294.0M | $1.0B |
| 自由现金流率自由现金流/营收 | 8.5% | 52.1% |
| 资本支出强度资本支出/营收 | 7.0% | 1.1% |
| 现金转化率经营现金流/净利润 | 2.52× | 2.17× |
| 过去12个月自由现金流最近4个季度 | $567.0M | $929.1M |
8季度趋势，按日历期对齐
经营现金流AADECK
| Q4 25 | $537.0M | $1.0B | ||
| Q3 25 | $85.0M | $8.1M | ||
| Q2 25 | $488.0M | $36.1M | ||
| Q1 25 | $75.0M | $-73.0M | ||
| Q4 24 | $415.0M | $1.1B | ||
| Q3 24 | $143.0M | $-90.5M | ||
| Q2 24 | $287.0M | $112.7M | ||
| Q1 24 | $-223.0M | $-28.7M |
自由现金流AADECK
| Q4 25 | $294.0M | $1.0B | ||
| Q3 25 | $-66.0M | $-13.9M | ||
| Q2 25 | $357.0M | $12.2M | ||
| Q1 25 | $-18.0M | $-89.4M | ||
| Q4 24 | $246.0M | $1.1B | ||
| Q3 24 | $-3.0M | $-113.4M | ||
| Q2 24 | $123.0M | $90.1M | ||
| Q1 24 | $-324.0M | $-44.0M |
自由现金流率AADECK
| Q4 25 | 8.5% | 52.1% | ||
| Q3 25 | -2.2% | -1.0% | ||
| Q2 25 | 11.8% | 1.3% | ||
| Q1 25 | -0.5% | -8.8% | ||
| Q4 24 | 7.1% | 58.6% | ||
| Q3 24 | -0.1% | -8.6% | ||
| Q2 24 | 4.2% | 10.9% | ||
| Q1 24 | -12.5% | -4.6% |
资本支出强度AADECK
| Q4 25 | 7.0% | 1.1% | ||
| Q3 25 | 5.0% | 1.5% | ||
| Q2 25 | 4.3% | 2.5% | ||
| Q1 25 | 2.8% | 1.6% | ||
| Q4 24 | 4.8% | 1.3% | ||
| Q3 24 | 5.0% | 1.7% | ||
| Q2 24 | 5.6% | 2.7% | ||
| Q1 24 | 3.9% | 1.6% |
现金转化率AADECK
| Q4 25 | 2.52× | 2.17× | ||
| Q3 25 | 0.37× | 0.03× | ||
| Q2 25 | 2.98× | 0.26× | ||
| Q1 25 | 0.14× | -0.48× | ||
| Q4 24 | 2.05× | 2.40× | ||
| Q3 24 | 1.59× | -0.37× | ||
| Q2 24 | 14.35× | 0.97× | ||
| Q1 24 | — | -0.22× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
业务分部营收拆解
AA
| Aluminum | $2.5B | 72% |
| Third Party Sales | $979.0M | 28% |
DECK
| UGG Brand Segment | $1.3B | 67% |
| Hoka Brand Segment | $628.9M | 32% |
| Other Brands Segment | $23.2M | 1% |
