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AES Corporation（AES）与Deckers Brands（DECK）财务数据对比。点击上方公司名可切换其他公司
AES Corporation的季度营收约是Deckers Brands的1.6倍（$3.1B vs $2.0B），Deckers Brands净利率更高（24.6% vs 10.3%，领先14.3%），Deckers Brands同比增速更快（7.1% vs 4.7%），Deckers Brands自由现金流更多（$1.0B vs $-47.0M），过去两年Deckers Brands的营收复合增速更高（42.8% vs 0.3%）
AES公司是美国知名公用事业及发电企业，总部位于弗吉尼亚州阿灵顿，位列《财富》全球500强。集团在全球15个国家运营电力生产及分销业务，持有并运营多座发电厂，向终端用户、公用事业机构、工业设施等客户售电，全球员工总数达10500人。
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。
AES vs DECK — 直观对比
营收规模更大
AES
是对方的1.6倍
$2.0B
营收增速更快
DECK
高出2.4%
4.7%
净利率更高
DECK
高出14.3%
10.3%
自由现金流更多
DECK
多$1.1B
$-47.0M
两年增速更快
DECK
近两年复合增速
0.3%
损益表 — Q4 FY2025 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $3.1B | $2.0B |
| 净利润 | $320.0M | $481.1M |
| 毛利率 | 18.8% | 59.8% |
| 营业利润率 | -8.7% | 31.4% |
| 净利率 | 10.3% | 24.6% |
| 营收同比 | 4.7% | 7.1% |
| 净利润同比 | -42.9% | 5.3% |
| 每股收益（稀释后） | $0.45 | $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AESDECK
| Q4 25 | $3.1B | $2.0B | ||
| Q3 25 | $3.4B | $1.4B | ||
| Q2 25 | $2.9B | $964.5M | ||
| Q1 25 | $2.9B | $1.0B | ||
| Q4 24 | $3.0B | $1.8B | ||
| Q3 24 | $3.3B | $1.3B | ||
| Q2 24 | $2.9B | $825.3M | ||
| Q1 24 | $3.1B | $959.8M |
净利润AESDECK
| Q4 25 | $320.0M | $481.1M | ||
| Q3 25 | $639.0M | $268.2M | ||
| Q2 25 | $-95.0M | $139.2M | ||
| Q1 25 | $46.0M | $151.4M | ||
| Q4 24 | $560.0M | $456.7M | ||
| Q3 24 | $502.0M | $242.3M | ||
| Q2 24 | $185.0M | $115.6M | ||
| Q1 24 | $432.0M | $127.5M |
毛利率AESDECK
| Q4 25 | 18.8% | 59.8% | ||
| Q3 25 | 21.9% | 56.2% | ||
| Q2 25 | 15.9% | 55.8% | ||
| Q1 25 | 15.1% | 56.7% | ||
| Q4 24 | 14.2% | 60.3% | ||
| Q3 24 | 22.0% | 55.9% | ||
| Q2 24 | 18.8% | 56.9% | ||
| Q1 24 | 20.1% | 56.2% |
营业利润率AESDECK
| Q4 25 | -8.7% | 31.4% | ||
| Q3 25 | 9.8% | 22.8% | ||
| Q2 25 | 1.4% | 17.1% | ||
| Q1 25 | -0.8% | 17.0% | ||
| Q4 24 | 12.3% | 31.0% | ||
| Q3 24 | 10.0% | 23.3% | ||
| Q2 24 | -2.6% | 16.1% | ||
| Q1 24 | 9.0% | 15.0% |
净利率AESDECK
| Q4 25 | 10.3% | 24.6% | ||
| Q3 25 | 19.1% | 18.7% | ||
| Q2 25 | -3.3% | 14.4% | ||
| Q1 25 | 1.6% | 14.8% | ||
| Q4 24 | 18.9% | 25.0% | ||
| Q3 24 | 15.3% | 18.5% | ||
| Q2 24 | 6.3% | 14.0% | ||
| Q1 24 | 14.0% | 13.3% |
每股收益（稀释后）AESDECK
| Q4 25 | $0.45 | $3.33 | ||
| Q3 25 | $0.89 | $1.82 | ||
| Q2 25 | $-0.15 | $0.93 | ||
| Q1 25 | $0.07 | $-2.78 | ||
| Q4 24 | $0.78 | $3.00 | ||
| Q3 24 | $0.71 | $1.59 | ||
| Q2 24 | $0.27 | $4.52 | ||
| Q1 24 | $0.60 | $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 | — | — |
| 股东权益账面价值 | $4.1B | $2.6B |
| 总资产 | $51.8B | $4.1B |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
现金及短期投资AESDECK
| Q4 25 | $1.6B | $2.1B | ||
| Q3 25 | $1.8B | $1.4B | ||
| Q2 25 | $1.4B | $1.7B | ||
| Q1 25 | $1.8B | $1.9B | ||
| Q4 24 | $1.6B | $2.2B | ||
| Q3 24 | $2.0B | $1.2B | ||
| Q2 24 | $1.8B | $1.4B | ||
| Q1 24 | $2.4B | $1.5B |
股东权益AESDECK
| Q4 25 | $4.1B | $2.6B | ||
| Q3 25 | $3.9B | $2.5B | ||
| Q2 25 | $3.4B | $2.5B | ||
| Q1 25 | $3.5B | $2.5B | ||
| Q4 24 | $3.6B | $2.6B | ||
| Q3 24 | $3.3B | $2.2B | ||
| Q2 24 | $3.1B | $2.1B | ||
| Q1 24 | $2.9B | $2.1B |
总资产AESDECK
| Q4 25 | $51.8B | $4.1B | ||
| Q3 25 | $50.8B | $3.8B | ||
| Q2 25 | $48.5B | $3.8B | ||
| Q1 25 | $48.6B | $3.6B | ||
| Q4 24 | $47.4B | $4.0B | ||
| Q3 24 | $50.1B | $3.4B | ||
| Q2 24 | $47.7B | $3.3B | ||
| Q1 24 | $47.0B | $3.1B |
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 | $1.5B | $1.0B |
| 自由现金流经营现金流 - 资本支出 | $-47.0M | $1.0B |
| 自由现金流率自由现金流/营收 | -1.5% | 52.1% |
| 资本支出强度资本支出/营收 | 49.5% | 1.1% |
| 现金转化率经营现金流/净利润 | 4.65× | 2.17× |
| 过去12个月自由现金流最近4个季度 | $-1.6B | $929.1M |
8季度趋势，按日历期对齐
经营现金流AESDECK
| Q4 25 | $1.5B | $1.0B | ||
| Q3 25 | $1.3B | $8.1M | ||
| Q2 25 | $976.0M | $36.1M | ||
| Q1 25 | $545.0M | $-73.0M | ||
| Q4 24 | $1.1B | $1.1B | ||
| Q3 24 | $985.0M | $-90.5M | ||
| Q2 24 | $392.0M | $112.7M | ||
| Q1 24 | $287.0M | $-28.7M |
自由现金流AESDECK
| Q4 25 | $-47.0M | $1.0B | ||
| Q3 25 | $-511.0M | $-13.9M | ||
| Q2 25 | $-356.0M | $12.2M | ||
| Q1 25 | $-709.0M | $-89.4M | ||
| Q4 24 | $-639.0M | $1.1B | ||
| Q3 24 | $-847.0M | $-113.4M | ||
| Q2 24 | $-1.3B | $90.1M | ||
| Q1 24 | $-1.9B | $-44.0M |
自由现金流率AESDECK
| Q4 25 | -1.5% | 52.1% | ||
| Q3 25 | -15.2% | -1.0% | ||
| Q2 25 | -12.5% | 1.3% | ||
| Q1 25 | -24.2% | -8.8% | ||
| Q4 24 | -21.6% | 58.6% | ||
| Q3 24 | -25.8% | -8.6% | ||
| Q2 24 | -43.9% | 10.9% | ||
| Q1 24 | -60.3% | -4.6% |
资本支出强度AESDECK
| Q4 25 | 49.5% | 1.1% | ||
| Q3 25 | 54.0% | 1.5% | ||
| Q2 25 | 46.7% | 2.5% | ||
| Q1 25 | 42.9% | 1.6% | ||
| Q4 24 | 58.3% | 1.3% | ||
| Q3 24 | 55.7% | 1.7% | ||
| Q2 24 | 57.3% | 2.7% | ||
| Q1 24 | 69.6% | 1.6% |
现金转化率AESDECK
| Q4 25 | 4.65× | 2.17× | ||
| Q3 25 | 2.03× | 0.03× | ||
| Q2 25 | — | 0.26× | ||
| Q1 25 | 11.85× | -0.48× | ||
| Q4 24 | 1.94× | 2.40× | ||
| Q3 24 | 1.96× | -0.37× | ||
| Q2 24 | 2.12× | 0.97× | ||
| Q1 24 | 0.66× | -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
AES
| Electric Distribution | $1.0B | 33% |
| Regulated Revenue | $1.0B | 33% |
| Renewables | $786.0M | 25% |
| AES Andes | $225.0M | 7% |
| Corporate Other And Other | $38.0M | 1% |
| Other Expense | $10.0M | 0% |
DECK
| UGG Brand Segment | $1.3B | 67% |
| Hoka Brand Segment | $628.9M | 32% |
| Other Brands Segment | $23.2M | 1% |
