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西联汇款（AFG）与Deckers Brands（DECK）财务数据对比。点击上方公司名可切换其他公司
西联汇款的季度营收约是Deckers Brands的1.1倍（$2.1B vs $2.0B），Deckers Brands净利率更高（24.6% vs 14.5%，领先10.1%），Deckers Brands同比增速更快（7.1% vs -4.0%），过去两年Deckers Brands的营收复合增速更高（42.8% vs 4.0%）
西联汇款是总部位于美国科罗拉多州丹佛市的跨国金融服务企业，为全球个人及商业客户提供跨境汇款、支付等多元金融解决方案，在全球绝大多数国家和地区拥有覆盖广泛的服务网络。
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。
AFG vs DECK — 直观对比
营收规模更大
AFG
是对方的1.1倍
$2.0B
营收增速更快
DECK
高出11.1%
-4.0%
净利率更高
DECK
高出10.1%
14.5%
两年增速更快
DECK
近两年复合增速
4.0%
损益表 — Q4 FY2025 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $2.1B | $2.0B |
| 净利润 | $299.0M | $481.1M |
| 毛利率 | — | 59.8% |
| 营业利润率 | 18.4% | 31.4% |
| 净利率 | 14.5% | 24.6% |
| 营收同比 | -4.0% | 7.1% |
| 净利润同比 | 17.3% | 5.3% |
| 每股收益（稀释后） | $3.59 | $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AFGDECK
| Q4 25 | $2.1B | $2.0B | ||
| Q3 25 | $2.3B | $1.4B | ||
| Q2 25 | $1.9B | $964.5M | ||
| Q1 25 | $1.9B | $1.0B | ||
| Q4 24 | $2.1B | $1.8B | ||
| Q3 24 | $2.4B | $1.3B | ||
| Q2 24 | $1.9B | $825.3M | ||
| Q1 24 | $1.9B | $959.8M |
净利润AFGDECK
| Q4 25 | $299.0M | $481.1M | ||
| Q3 25 | $215.0M | $268.2M | ||
| Q2 25 | $174.0M | $139.2M | ||
| Q1 25 | $154.0M | $151.4M | ||
| Q4 24 | $255.0M | $456.7M | ||
| Q3 24 | $181.0M | $242.3M | ||
| Q2 24 | $209.0M | $115.6M | ||
| Q1 24 | $242.0M | $127.5M |
毛利率AFGDECK
| 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AFGDECK
| Q4 25 | 18.4% | 31.4% | ||
| Q3 25 | 11.5% | 22.8% | ||
| Q2 25 | 11.9% | 17.1% | ||
| Q1 25 | 10.6% | 17.0% | ||
| Q4 24 | 14.9% | 31.0% | ||
| Q3 24 | 9.7% | 23.3% | ||
| Q2 24 | 14.3% | 16.1% | ||
| Q1 24 | 15.9% | 15.0% |
净利率AFGDECK
| Q4 25 | 14.5% | 24.6% | ||
| Q3 25 | 9.2% | 18.7% | ||
| Q2 25 | 9.0% | 14.4% | ||
| Q1 25 | 8.3% | 14.8% | ||
| Q4 24 | 11.9% | 25.0% | ||
| Q3 24 | 7.6% | 18.5% | ||
| Q2 24 | 11.0% | 14.0% | ||
| Q1 24 | 12.7% | 13.3% |
每股收益（稀释后）AFGDECK
| Q4 25 | $3.59 | $3.33 | ||
| Q3 25 | $2.58 | $1.82 | ||
| Q2 25 | $2.07 | $0.93 | ||
| Q1 25 | $1.84 | $-2.78 | ||
| Q4 24 | $3.03 | $3.00 | ||
| Q3 24 | $2.16 | $1.59 | ||
| Q2 24 | $2.49 | $4.52 | ||
| Q1 24 | $2.89 | $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 | $1.7B | $2.1B |
| 总债务越低越好 | $1.8B | — |
| 股东权益账面价值 | $4.8B | $2.6B |
| 总资产 | $32.6B | $4.1B |
| 负债/权益比越低杠杆越低 | 0.38× | — |
8季度趋势，按日历期对齐
现金及短期投资AFGDECK
| Q4 25 | $1.7B | $2.1B | ||
| Q3 25 | $1.8B | $1.4B | ||
| Q2 25 | $1.3B | $1.7B | ||
| Q1 25 | $1.3B | $1.9B | ||
| Q4 24 | $1.4B | $2.2B | ||
| Q3 24 | $1.3B | $1.2B | ||
| Q2 24 | $1.1B | $1.4B | ||
| Q1 24 | $1.1B | $1.5B |
总债务AFGDECK
| Q4 25 | $1.8B | — | ||
| Q3 25 | $1.8B | — | ||
| Q2 25 | $1.5B | — | ||
| Q1 25 | $1.5B | — | ||
| Q4 24 | $1.5B | — | ||
| Q3 24 | $1.5B | — | ||
| Q2 24 | $1.5B | — | ||
| Q1 24 | $1.5B | — |
股东权益AFGDECK
| Q4 25 | $4.8B | $2.6B | ||
| Q3 25 | $4.7B | $2.5B | ||
| Q2 25 | $4.5B | $2.5B | ||
| Q1 25 | $4.4B | $2.5B | ||
| Q4 24 | $4.5B | $2.6B | ||
| Q3 24 | $4.7B | $2.2B | ||
| Q2 24 | $4.4B | $2.1B | ||
| Q1 24 | $4.2B | $2.1B |
总资产AFGDECK
| Q4 25 | $32.6B | $4.1B | ||
| Q3 25 | $33.8B | $3.8B | ||
| Q2 25 | $30.7B | $3.8B | ||
| Q1 25 | $30.3B | $3.6B | ||
| Q4 24 | $30.8B | $4.0B | ||
| Q3 24 | $32.6B | $3.4B | ||
| Q2 24 | $29.9B | $3.3B | ||
| Q1 24 | $30.0B | $3.1B |
负债/权益比AFGDECK
| Q4 25 | 0.38× | — | ||
| Q3 25 | 0.38× | — | ||
| Q2 25 | 0.33× | — | ||
| Q1 25 | 0.34× | — | ||
| Q4 24 | 0.33× | — | ||
| Q3 24 | 0.31× | — | ||
| Q2 24 | 0.34× | — | ||
| Q1 24 | 0.35× | — |
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 | $784.0M | $1.0B |
| 自由现金流经营现金流 - 资本支出 | — | $1.0B |
| 自由现金流率自由现金流/营收 | — | 52.1% |
| 资本支出强度资本支出/营收 | — | 1.1% |
| 现金转化率经营现金流/净利润 | 2.62× | 2.17× |
| 过去12个月自由现金流最近4个季度 | — | $929.1M |
8季度趋势，按日历期对齐
经营现金流AFGDECK
| Q4 25 | $784.0M | $1.0B | ||
| Q3 25 | $216.0M | $8.1M | ||
| Q2 25 | $191.0M | $36.1M | ||
| Q1 25 | $342.0M | $-73.0M | ||
| Q4 24 | $674.0M | $1.1B | ||
| Q3 24 | $459.0M | $-90.5M | ||
| Q2 24 | $-88.0M | $112.7M | ||
| Q1 24 | $107.0M | $-28.7M |
自由现金流AFGDECK
| Q4 25 | — | $1.0B | ||
| Q3 25 | — | $-13.9M | ||
| Q2 25 | — | $12.2M | ||
| Q1 25 | — | $-89.4M | ||
| Q4 24 | — | $1.1B | ||
| Q3 24 | — | $-113.4M | ||
| Q2 24 | — | $90.1M | ||
| Q1 24 | — | $-44.0M |
自由现金流率AFGDECK
| Q4 25 | — | 52.1% | ||
| Q3 25 | — | -1.0% | ||
| Q2 25 | — | 1.3% | ||
| Q1 25 | — | -8.8% | ||
| Q4 24 | — | 58.6% | ||
| Q3 24 | — | -8.6% | ||
| Q2 24 | — | 10.9% | ||
| Q1 24 | — | -4.6% |
资本支出强度AFGDECK
| Q4 25 | — | 1.1% | ||
| Q3 25 | — | 1.5% | ||
| Q2 25 | — | 2.5% | ||
| Q1 25 | — | 1.6% | ||
| Q4 24 | — | 1.3% | ||
| Q3 24 | — | 1.7% | ||
| Q2 24 | — | 2.7% | ||
| Q1 24 | — | 1.6% |
现金转化率AFGDECK
| Q4 25 | 2.62× | 2.17× | ||
| Q3 25 | 1.00× | 0.03× | ||
| Q2 25 | 1.10× | 0.26× | ||
| Q1 25 | 2.22× | -0.48× | ||
| Q4 24 | 2.64× | 2.40× | ||
| Q3 24 | 2.54× | -0.37× | ||
| Q2 24 | -0.42× | 0.97× | ||
| Q1 24 | 0.44× | -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
AFG
| Property And Casualty Insurance | $2.0B | 96% |
| Other | $83.0M | 4% |
DECK
| UGG Brand Segment | $1.3B | 67% |
| Hoka Brand Segment | $628.9M | 32% |
| Other Brands Segment | $23.2M | 1% |
