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ATI INC（ATI）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ATI INC的1.7倍（$2.0B vs $1.2B），Deckers Brands净利率更高（24.6% vs 8.2%，领先16.4%），Deckers Brands同比增速更快（7.1% vs 0.4%），Deckers Brands自由现金流更多（$1.0B vs $223.1M），过去两年Deckers Brands的营收复合增速更高（42.8% vs 6.2%）
ATI是加拿大半导体科技企业，总部位于安大略省万锦市，专注于图形处理器（GPU）及芯片组研发。公司成立于1985年，1993年公开上市，2006年被AMD收购。作为无晶圆厂半导体巨头，ATI坚持自主研发，生产组装环节外包，2000年竞争对手3dfx破产后，成为全球图形芯片领域的核心厂商之一。
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。
ATI vs DECK — 直观对比
营收规模更大
DECK
是对方的1.7倍
$1.2B
营收增速更快
DECK
高出6.8%
0.4%
净利率更高
DECK
高出16.4%
8.2%
自由现金流更多
DECK
多$797.2M
$223.1M
两年增速更快
DECK
近两年复合增速
6.2%
损益表 — Q4 FY2025 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.2B | $2.0B |
| 净利润 | $96.6M | $481.1M |
| 毛利率 | 23.2% | 59.8% |
| 营业利润率 | 14.5% | 31.4% |
| 净利率 | 8.2% | 24.6% |
| 营收同比 | 0.4% | 7.1% |
| 净利润同比 | -29.5% | 5.3% |
| 每股收益（稀释后） | $0.70 | $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ATIDECK
| Q4 25 | $1.2B | $2.0B | ||
| Q3 25 | $1.1B | $1.4B | ||
| Q2 25 | $1.1B | $964.5M | ||
| Q1 25 | $1.1B | $1.0B | ||
| Q4 24 | $1.2B | $1.8B | ||
| Q3 24 | $1.1B | $1.3B | ||
| Q2 24 | $1.1B | $825.3M | ||
| Q1 24 | $1.0B | $959.8M |
净利润ATIDECK
| Q4 25 | $96.6M | $481.1M | ||
| Q3 25 | $110.0M | $268.2M | ||
| Q2 25 | $100.7M | $139.2M | ||
| Q1 25 | $97.0M | $151.4M | ||
| Q4 24 | $137.1M | $456.7M | ||
| Q3 24 | $82.7M | $242.3M | ||
| Q2 24 | $81.9M | $115.6M | ||
| Q1 24 | $66.1M | $127.5M |
毛利率ATIDECK
| Q4 25 | 23.2% | 59.8% | ||
| Q3 25 | 22.7% | 56.2% | ||
| Q2 25 | 21.3% | 55.8% | ||
| Q1 25 | 20.6% | 56.7% | ||
| Q4 24 | 21.2% | 60.3% | ||
| Q3 24 | 21.4% | 55.9% | ||
| Q2 24 | 20.8% | 56.9% | ||
| Q1 24 | 18.9% | 56.2% |
营业利润率ATIDECK
| Q4 25 | 14.5% | 31.4% | ||
| Q3 25 | 14.4% | 22.8% | ||
| Q2 25 | 14.1% | 17.1% | ||
| Q1 25 | 12.8% | 17.0% | ||
| Q4 24 | 17.8% | 31.0% | ||
| Q3 24 | 13.5% | 23.3% | ||
| Q2 24 | 13.0% | 16.1% | ||
| Q1 24 | 11.0% | 15.0% |
净利率ATIDECK
| Q4 25 | 8.2% | 24.6% | ||
| Q3 25 | 9.8% | 18.7% | ||
| Q2 25 | 8.8% | 14.4% | ||
| Q1 25 | 8.5% | 14.8% | ||
| Q4 24 | 11.7% | 25.0% | ||
| Q3 24 | 7.9% | 18.5% | ||
| Q2 24 | 7.5% | 14.0% | ||
| Q1 24 | 6.3% | 13.3% |
每股收益（稀释后）ATIDECK
| Q4 25 | $0.70 | $3.33 | ||
| Q3 25 | $0.78 | $1.82 | ||
| Q2 25 | $0.70 | $0.93 | ||
| Q1 25 | $0.67 | $-2.78 | ||
| Q4 24 | $0.94 | $3.00 | ||
| Q3 24 | $0.57 | $1.59 | ||
| Q2 24 | $0.58 | $4.52 | ||
| Q1 24 | $0.46 | $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 | $416.7M | $2.1B |
| 总债务越低越好 | $1.7B | — |
| 股东权益账面价值 | $1.8B | $2.6B |
| 总资产 | $5.1B | $4.1B |
| 负债/权益比越低杠杆越低 | 0.95× | — |
8季度趋势，按日历期对齐
现金及短期投资ATIDECK
| Q4 25 | $416.7M | $2.1B | ||
| Q3 25 | $372.2M | $1.4B | ||
| Q2 25 | $319.6M | $1.7B | ||
| Q1 25 | $475.8M | $1.9B | ||
| Q4 24 | $721.2M | $2.2B | ||
| Q3 24 | $406.6M | $1.2B | ||
| Q2 24 | $425.6M | $1.4B | ||
| Q1 24 | $394.4M | $1.5B |
总债务ATIDECK
| Q4 25 | $1.7B | — | ||
| Q3 25 | $1.7B | — | ||
| Q2 25 | $1.7B | — | ||
| Q1 25 | $1.7B | — | ||
| Q4 24 | $1.7B | — | ||
| Q3 24 | $1.9B | — | ||
| Q2 24 | $1.9B | — | ||
| Q1 24 | $2.1B | — |
股东权益ATIDECK
| Q4 25 | $1.8B | $2.6B | ||
| Q3 25 | $1.7B | $2.5B | ||
| Q2 25 | $1.7B | $2.5B | ||
| Q1 25 | $1.9B | $2.5B | ||
| Q4 24 | $1.9B | $2.6B | ||
| Q3 24 | $1.8B | $2.2B | ||
| Q2 24 | $1.4B | $2.1B | ||
| Q1 24 | $1.3B | $2.1B |
总资产ATIDECK
| Q4 25 | $5.1B | $4.1B | ||
| Q3 25 | $5.0B | $3.8B | ||
| Q2 25 | $5.0B | $3.8B | ||
| Q1 25 | $5.2B | $3.6B | ||
| Q4 24 | $5.2B | $4.0B | ||
| Q3 24 | $5.1B | $3.4B | ||
| Q2 24 | $4.9B | $3.3B | ||
| Q1 24 | $4.8B | $3.1B |
负债/权益比ATIDECK
| Q4 25 | 0.95× | — | ||
| Q3 25 | 1.00× | — | ||
| Q2 25 | 0.98× | — | ||
| Q1 25 | 0.91× | — | ||
| Q4 24 | 0.93× | — | ||
| Q3 24 | 1.04× | — | ||
| Q2 24 | 1.37× | — | ||
| Q1 24 | 1.70× | — |
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 | $315.8M | $1.0B |
| 自由现金流经营现金流 - 资本支出 | $223.1M | $1.0B |
| 自由现金流率自由现金流/营收 | 19.0% | 52.1% |
| 资本支出强度资本支出/营收 | 7.9% | 1.1% |
| 现金转化率经营现金流/净利润 | 3.27× | 2.17× |
| 过去12个月自由现金流最近4个季度 | $333.7M | $929.1M |
8季度趋势，按日历期对齐
经营现金流ATIDECK
| Q4 25 | $315.8M | $1.0B | ||
| Q3 25 | $229.5M | $8.1M | ||
| Q2 25 | $161.5M | $36.1M | ||
| Q1 25 | $-92.5M | $-73.0M | ||
| Q4 24 | $380.9M | $1.1B | ||
| Q3 24 | $24.0M | $-90.5M | ||
| Q2 24 | $101.1M | $112.7M | ||
| Q1 24 | $-98.8M | $-28.7M |
自由现金流ATIDECK
| Q4 25 | $223.1M | $1.0B | ||
| Q3 25 | $167.0M | $-13.9M | ||
| Q2 25 | $89.4M | $12.2M | ||
| Q1 25 | $-145.8M | $-89.4M | ||
| Q4 24 | $333.6M | $1.1B | ||
| Q3 24 | $-41.8M | $-113.4M | ||
| Q2 24 | $40.9M | $90.1M | ||
| Q1 24 | $-164.6M | $-44.0M |
自由现金流率ATIDECK
| Q4 25 | 19.0% | 52.1% | ||
| Q3 25 | 14.8% | -1.0% | ||
| Q2 25 | 7.8% | 1.3% | ||
| Q1 25 | -12.7% | -8.8% | ||
| Q4 24 | 28.4% | 58.6% | ||
| Q3 24 | -4.0% | -8.6% | ||
| Q2 24 | 3.7% | 10.9% | ||
| Q1 24 | -15.8% | -4.6% |
资本支出强度ATIDECK
| Q4 25 | 7.9% | 1.1% | ||
| Q3 25 | 5.6% | 1.5% | ||
| Q2 25 | 6.3% | 2.5% | ||
| Q1 25 | 4.7% | 1.6% | ||
| Q4 24 | 4.0% | 1.3% | ||
| Q3 24 | 6.3% | 1.7% | ||
| Q2 24 | 5.5% | 2.7% | ||
| Q1 24 | 6.3% | 1.6% |
现金转化率ATIDECK
| Q4 25 | 3.27× | 2.17× | ||
| Q3 25 | 2.09× | 0.03× | ||
| Q2 25 | 1.60× | 0.26× | ||
| Q1 25 | -0.95× | -0.48× | ||
| Q4 24 | 2.78× | 2.40× | ||
| Q3 24 | 0.29× | -0.37× | ||
| Q2 24 | 1.23× | 0.97× | ||
| Q1 24 | -1.49× | -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
ATI
| Other | $527.1M | 45% |
| Advanced Alloys Solutions | $333.5M | 28% |
| Airframes Commercial | $82.0M | 7% |
| Defense | $73.7M | 6% |
| Electronics Market | $53.1M | 5% |
| Internal Customers | $50.9M | 4% |
| Specialty Energy | $29.3M | 2% |
| Medical Market | $12.2M | 1% |
| Construction Mining Market | $7.2M | 1% |
| Other Market | $5.6M | 0% |
| Conventional Energy | $1.9M | 0% |
| Automotive Market | $600.0K | 0% |
DECK
| UGG Brand Segment | $1.3B | 67% |
| Hoka Brand Segment | $628.9M | 32% |
| Other Brands Segment | $23.2M | 1% |
