vs
雅保（ALB）与Deckers Brands（DECK）财务数据对比。点击上方公司名可切换其他公司
Deckers Brands的季度营收约是雅保的1.4倍（$2.0B vs $1.4B），Deckers Brands净利率更高（24.6% vs -29.0%，领先53.6%），雅保同比增速更快（15.9% vs 7.1%），Deckers Brands自由现金流更多（$1.0B vs $233.1M），过去两年Deckers Brands的营收复合增速更高（42.8% vs 2.4%）
雅保是全球知名的特种化学品企业，业务覆盖研发、生产与全球销售，下设锂、溴、催化剂三大板块。锂业务线供应碳酸锂、氢氧化锂、氯化锂等锂化合物及相关试剂，产品广泛应用于消费电子、电动汽车锂电池、高性能润滑脂、热塑性弹性体等领域。
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。
ALB vs DECK — 直观对比
营收规模更大
DECK
是对方的1.4倍
$1.4B
营收增速更快
ALB
高出8.8%
7.1%
净利率更高
DECK
高出53.6%
-29.0%
自由现金流更多
DECK
多$787.2M
$233.1M
两年增速更快
DECK
近两年复合增速
2.4%
损益表 — Q4 FY2025 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.4B | $2.0B |
| 净利润 | $-414.2M | $481.1M |
| 毛利率 | 13.9% | 59.8% |
| 营业利润率 | -15.2% | 31.4% |
| 净利率 | -29.0% | 24.6% |
| 营收同比 | 15.9% | 7.1% |
| 净利润同比 | -650.1% | 5.3% |
| 每股收益（稀释后） | $-3.88 | $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ALBDECK
| Q4 25 | $1.4B | $2.0B | ||
| Q3 25 | $1.3B | $1.4B | ||
| Q2 25 | $1.3B | $964.5M | ||
| Q1 25 | $1.1B | $1.0B | ||
| Q4 24 | $1.2B | $1.8B | ||
| Q3 24 | $1.4B | $1.3B | ||
| Q2 24 | $1.4B | $825.3M | ||
| Q1 24 | $1.4B | $959.8M |
净利润ALBDECK
| Q4 25 | $-414.2M | $481.1M | ||
| Q3 25 | $-160.7M | $268.2M | ||
| Q2 25 | $22.9M | $139.2M | ||
| Q1 25 | $41.3M | $151.4M | ||
| Q4 24 | $75.3M | $456.7M | ||
| Q3 24 | $-1.1B | $242.3M | ||
| Q2 24 | $-188.2M | $115.6M | ||
| Q1 24 | $2.4M | $127.5M |
毛利率ALBDECK
| Q4 25 | 13.9% | 59.8% | ||
| Q3 25 | 9.0% | 56.2% | ||
| Q2 25 | 14.8% | 55.8% | ||
| Q1 25 | 14.5% | 56.7% | ||
| Q4 24 | 11.2% | 60.3% | ||
| Q3 24 | -7.7% | 55.9% | ||
| Q2 24 | -0.7% | 56.9% | ||
| Q1 24 | 2.9% | 56.2% |
营业利润率ALBDECK
| Q4 25 | -15.2% | 31.4% | ||
| Q3 25 | -16.6% | 22.8% | ||
| Q2 25 | 3.6% | 17.1% | ||
| Q1 25 | 1.8% | 17.0% | ||
| Q4 24 | 0.4% | 31.0% | ||
| Q3 24 | -81.9% | 23.3% | ||
| Q2 24 | -34.4% | 16.1% | ||
| Q1 24 | -13.2% | 15.0% |
净利率ALBDECK
| Q4 25 | -29.0% | 24.6% | ||
| Q3 25 | -12.3% | 18.7% | ||
| Q2 25 | 1.7% | 14.4% | ||
| Q1 25 | 3.8% | 14.8% | ||
| Q4 24 | 6.1% | 25.0% | ||
| Q3 24 | -78.9% | 18.5% | ||
| Q2 24 | -13.2% | 14.0% | ||
| Q1 24 | 0.2% | 13.3% |
每股收益（稀释后）ALBDECK
| Q4 25 | $-3.88 | $3.33 | ||
| Q3 25 | $-1.72 | $1.82 | ||
| Q2 25 | $-0.16 | $0.93 | ||
| Q1 25 | $0.00 | $-2.78 | ||
| Q4 24 | $0.29 | $3.00 | ||
| Q3 24 | $-9.45 | $1.59 | ||
| Q2 24 | $-1.96 | $4.52 | ||
| Q1 24 | $-0.08 | $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 | — | $2.1B |
| 总债务越低越好 | $3.2B | — |
| 股东权益账面价值 | $9.5B | $2.6B |
| 总资产 | $16.4B | $4.1B |
| 负债/权益比越低杠杆越低 | 0.33× | — |
8季度趋势，按日历期对齐
现金及短期投资ALBDECK
| Q4 25 | — | $2.1B | ||
| Q3 25 | $1.9B | $1.4B | ||
| Q2 25 | $1.8B | $1.7B | ||
| Q1 25 | $1.5B | $1.9B | ||
| Q4 24 | $1.2B | $2.2B | ||
| Q3 24 | $1.7B | $1.2B | ||
| Q2 24 | $1.8B | $1.4B | ||
| Q1 24 | $2.1B | $1.5B |
总债务ALBDECK
| Q4 25 | $3.2B | — | ||
| Q3 25 | $3.6B | — | ||
| Q2 25 | $3.6B | — | ||
| Q1 25 | $3.5B | — | ||
| Q4 24 | $3.5B | — | ||
| Q3 24 | $3.6B | — | ||
| Q2 24 | $3.5B | — | ||
| Q1 24 | $3.5B | — |
股东权益ALBDECK
| Q4 25 | $9.5B | $2.6B | ||
| Q3 25 | $10.0B | $2.5B | ||
| Q2 25 | $10.2B | $2.5B | ||
| Q1 25 | $10.0B | $2.5B | ||
| Q4 24 | $10.0B | $2.6B | ||
| Q3 24 | $10.2B | $2.2B | ||
| Q2 24 | $11.2B | $2.1B | ||
| Q1 24 | $11.5B | $2.1B |
总资产ALBDECK
| Q4 25 | $16.4B | $4.1B | ||
| Q3 25 | $17.1B | $3.8B | ||
| Q2 25 | $17.3B | $3.8B | ||
| Q1 25 | $17.0B | $3.6B | ||
| Q4 24 | $16.6B | $4.0B | ||
| Q3 24 | $17.5B | $3.4B | ||
| Q2 24 | $18.4B | $3.3B | ||
| Q1 24 | $19.0B | $3.1B |
负债/权益比ALBDECK
| Q4 25 | 0.33× | — | ||
| Q3 25 | 0.36× | — | ||
| Q2 25 | 0.35× | — | ||
| Q1 25 | 0.35× | — | ||
| Q4 24 | 0.35× | — | ||
| Q3 24 | 0.35× | — | ||
| Q2 24 | 0.31× | — | ||
| Q1 24 | 0.31× | — |
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 | $388.5M | $1.0B |
| 自由现金流经营现金流 - 资本支出 | $233.1M | $1.0B |
| 自由现金流率自由现金流/营收 | 16.3% | 52.1% |
| 资本支出强度资本支出/营收 | 10.9% | 1.1% |
| 现金转化率经营现金流/净利润 | — | 2.17× |
| 过去12个月自由现金流最近4个季度 | $692.5M | $929.1M |
8季度趋势，按日历期对齐
经营现金流ALBDECK
| Q4 25 | $388.5M | $1.0B | ||
| Q3 25 | $355.6M | $8.1M | ||
| Q2 25 | $-7.2M | $36.1M | ||
| Q1 25 | $545.4M | $-73.0M | ||
| Q4 24 | $674.0K | $1.1B | ||
| Q3 24 | $240.5M | $-90.5M | ||
| Q2 24 | $362.9M | $112.7M | ||
| Q1 24 | $98.0M | $-28.7M |
自由现金流ALBDECK
| Q4 25 | $233.1M | $1.0B | ||
| Q3 25 | $223.4M | $-13.9M | ||
| Q2 25 | $-126.8M | $12.2M | ||
| Q1 25 | $362.8M | $-89.4M | ||
| Q4 24 | $-355.1M | $1.1B | ||
| Q3 24 | $-62.6M | $-113.4M | ||
| Q2 24 | $-84.7M | $90.1M | ||
| Q1 24 | $-481.4M | $-44.0M |
自由现金流率ALBDECK
| Q4 25 | 16.3% | 52.1% | ||
| Q3 25 | 17.1% | -1.0% | ||
| Q2 25 | -9.5% | 1.3% | ||
| Q1 25 | 33.7% | -8.8% | ||
| Q4 24 | -28.8% | 58.6% | ||
| Q3 24 | -4.6% | -8.6% | ||
| Q2 24 | -5.9% | 10.9% | ||
| Q1 24 | -35.4% | -4.6% |
资本支出强度ALBDECK
| Q4 25 | 10.9% | 1.1% | ||
| Q3 25 | 10.1% | 1.5% | ||
| Q2 25 | 9.0% | 2.5% | ||
| Q1 25 | 17.0% | 1.6% | ||
| Q4 24 | 28.9% | 1.3% | ||
| Q3 24 | 22.4% | 1.7% | ||
| Q2 24 | 31.3% | 2.7% | ||
| Q1 24 | 42.6% | 1.6% |
现金转化率ALBDECK
| Q4 25 | — | 2.17× | ||
| Q3 25 | — | 0.03× | ||
| Q2 25 | -0.31× | 0.26× | ||
| Q1 25 | 13.19× | -0.48× | ||
| Q4 24 | 0.01× | 2.40× | ||
| Q3 24 | — | -0.37× | ||
| Q2 24 | — | 0.97× | ||
| Q1 24 | 40.01× | -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
ALB
| Energy Storage | $759.1M | 53% |
| Specialties | $348.9M | 24% |
| Ketjen | $320.1M | 22% |
DECK
| UGG Brand Segment | $1.3B | 67% |
| Hoka Brand Segment | $628.9M | 32% |
| Other Brands Segment | $23.2M | 1% |
