vs
American Water Works（AWK）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American Water Works的1.5倍（$2.0B vs $1.3B），Deckers Brands净利率更高（24.6% vs 18.7%，领先5.9%），Deckers Brands同比增速更快（7.1% vs 5.8%），Deckers Brands自由现金流更多（$1.0B vs $-385.0M），过去两年Deckers Brands的营收复合增速更高（42.8% vs 12.6%）
American Water Works通过旗下子公司在美国境内提供专业供水与污水处理服务，业务覆盖14个州的约1700个社区，服务约340万活跃用户，客户群体涵盖住宅用户、食品饮料供应商、商业地产开发商与运营商、能源供应商等商业客户、消防服务及工业类客户等。
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。
AWK vs DECK — 直观对比
营收规模更大
DECK
是对方的1.5倍
$1.3B
营收增速更快
DECK
高出1.3%
5.8%
净利率更高
DECK
高出5.9%
18.7%
自由现金流更多
DECK
多$1.4B
$-385.0M
两年增速更快
DECK
近两年复合增速
12.6%
损益表 — Q4 FY2025 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.3B | $2.0B |
| 净利润 | $238.0M | $481.1M |
| 毛利率 | — | 59.8% |
| 营业利润率 | 31.9% | 31.4% |
| 净利率 | 18.7% | 24.6% |
| 营收同比 | 5.8% | 7.1% |
| 净利润同比 | -0.4% | 5.3% |
| 每股收益（稀释后） | $1.22 | $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AWKDECK
| Q4 25 | $1.3B | $2.0B | ||
| Q3 25 | $1.5B | $1.4B | ||
| Q2 25 | $1.3B | $964.5M | ||
| Q1 25 | $1.1B | $1.0B | ||
| Q4 24 | $1.2B | $1.8B | ||
| Q3 24 | $1.3B | $1.3B | ||
| Q2 24 | $1.1B | $825.3M | ||
| Q1 24 | $1.0B | $959.8M |
净利润AWKDECK
| Q4 25 | $238.0M | $481.1M | ||
| Q3 25 | $379.0M | $268.2M | ||
| Q2 25 | $289.0M | $139.2M | ||
| Q1 25 | $205.0M | $151.4M | ||
| Q4 24 | $239.0M | $456.7M | ||
| Q3 24 | $350.0M | $242.3M | ||
| Q2 24 | $277.0M | $115.6M | ||
| Q1 24 | $185.0M | $127.5M |
毛利率AWKDECK
| 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AWKDECK
| Q4 25 | 31.9% | 31.4% | ||
| Q3 25 | 42.2% | 22.8% | ||
| Q2 25 | 38.4% | 17.1% | ||
| Q1 25 | 32.7% | 17.0% | ||
| Q4 24 | 33.3% | 31.0% | ||
| Q3 24 | 40.9% | 23.3% | ||
| Q2 24 | 39.4% | 16.1% | ||
| Q1 24 | 32.5% | 15.0% |
净利率AWKDECK
| Q4 25 | 18.7% | 24.6% | ||
| Q3 25 | 26.1% | 18.7% | ||
| Q2 25 | 22.7% | 14.4% | ||
| Q1 25 | 18.1% | 14.8% | ||
| Q4 24 | 19.9% | 25.0% | ||
| Q3 24 | 26.4% | 18.5% | ||
| Q2 24 | 24.3% | 14.0% | ||
| Q1 24 | 18.4% | 13.3% |
每股收益（稀释后）AWKDECK
| Q4 25 | $1.22 | $3.33 | ||
| Q3 25 | $1.94 | $1.82 | ||
| Q2 25 | $1.48 | $0.93 | ||
| Q1 25 | $1.05 | $-2.78 | ||
| Q4 24 | $1.22 | $3.00 | ||
| Q3 24 | $1.80 | $1.59 | ||
| Q2 24 | $1.42 | $4.52 | ||
| Q1 24 | $0.95 | $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 | $98.0M | $2.1B |
| 总债务越低越好 | $12.8B | — |
| 股东权益账面价值 | $10.8B | $2.6B |
| 总资产 | $35.4B | $4.1B |
| 负债/权益比越低杠杆越低 | 1.18× | — |
8季度趋势，按日历期对齐
现金及短期投资AWKDECK
| Q4 25 | $98.0M | $2.1B | ||
| Q3 25 | $166.0M | $1.4B | ||
| Q2 25 | $94.0M | $1.7B | ||
| Q1 25 | $114.0M | $1.9B | ||
| Q4 24 | $96.0M | $2.2B | ||
| Q3 24 | $127.0M | $1.2B | ||
| Q2 24 | $48.0M | $1.4B | ||
| Q1 24 | $584.0M | $1.5B |
总债务AWKDECK
| Q4 25 | $12.8B | — | ||
| Q3 25 | $13.0B | — | ||
| Q2 25 | $12.3B | — | ||
| Q1 25 | $13.3B | — | ||
| Q4 24 | $12.5B | — | ||
| Q3 24 | $12.6B | — | ||
| Q2 24 | $12.6B | — | ||
| Q1 24 | $12.6B | — |
股东权益AWKDECK
| Q4 25 | $10.8B | $2.6B | ||
| Q3 25 | $10.9B | $2.5B | ||
| Q2 25 | $10.7B | $2.5B | ||
| Q1 25 | $10.5B | $2.5B | ||
| Q4 24 | $10.3B | $2.6B | ||
| Q3 24 | $10.4B | $2.2B | ||
| Q2 24 | $10.2B | $2.1B | ||
| Q1 24 | $10.0B | $2.1B |
总资产AWKDECK
| Q4 25 | $35.4B | $4.1B | ||
| Q3 25 | $34.7B | $3.8B | ||
| Q2 25 | $33.9B | $3.8B | ||
| Q1 25 | $33.2B | $3.6B | ||
| Q4 24 | $32.8B | $4.0B | ||
| Q3 24 | $31.8B | $3.4B | ||
| Q2 24 | $31.2B | $3.3B | ||
| Q1 24 | $31.1B | $3.1B |
负债/权益比AWKDECK
| Q4 25 | 1.18× | — | ||
| Q3 25 | 1.19× | — | ||
| Q2 25 | 1.15× | — | ||
| Q1 25 | 1.26× | — | ||
| Q4 24 | 1.21× | — | ||
| Q3 24 | 1.21× | — | ||
| Q2 24 | 1.24× | — | ||
| Q1 24 | 1.26× | — |
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 | $663.0M | $1.0B |
| 自由现金流经营现金流 - 资本支出 | $-385.0M | $1.0B |
| 自由现金流率自由现金流/营收 | -30.3% | 52.1% |
| 资本支出强度资本支出/营收 | 82.5% | 1.1% |
| 现金转化率经营现金流/净利润 | 2.79× | 2.17× |
| 过去12个月自由现金流最近4个季度 | $-1.1B | $929.1M |
8季度趋势，按日历期对齐
经营现金流AWKDECK
| Q4 25 | $663.0M | $1.0B | ||
| Q3 25 | $764.0M | $8.1M | ||
| Q2 25 | $301.0M | $36.1M | ||
| Q1 25 | $331.0M | $-73.0M | ||
| Q4 24 | $639.0M | $1.1B | ||
| Q3 24 | $679.0M | $-90.5M | ||
| Q2 24 | $345.0M | $112.7M | ||
| Q1 24 | $382.0M | $-28.7M |
自由现金流AWKDECK
| Q4 25 | $-385.0M | $1.0B | ||
| Q3 25 | $-33.0M | $-13.9M | ||
| Q2 25 | $-432.0M | $12.2M | ||
| Q1 25 | $-217.0M | $-89.4M | ||
| Q4 24 | $-255.0M | $1.1B | ||
| Q3 24 | $-4.0M | $-113.4M | ||
| Q2 24 | $-325.0M | $90.1M | ||
| Q1 24 | $-227.0M | $-44.0M |
自由现金流率AWKDECK
| Q4 25 | -30.3% | 52.1% | ||
| Q3 25 | -2.3% | -1.0% | ||
| Q2 25 | -34.0% | 1.3% | ||
| Q1 25 | -19.1% | -8.8% | ||
| Q4 24 | -21.2% | 58.6% | ||
| Q3 24 | -0.3% | -8.6% | ||
| Q2 24 | -28.5% | 10.9% | ||
| Q1 24 | -22.6% | -4.6% |
资本支出强度AWKDECK
| Q4 25 | 82.5% | 1.1% | ||
| Q3 25 | 54.8% | 1.5% | ||
| Q2 25 | 57.6% | 2.5% | ||
| Q1 25 | 48.3% | 1.6% | ||
| Q4 24 | 74.4% | 1.3% | ||
| Q3 24 | 51.4% | 1.7% | ||
| Q2 24 | 58.8% | 2.7% | ||
| Q1 24 | 60.7% | 1.6% |
现金转化率AWKDECK
| Q4 25 | 2.79× | 2.17× | ||
| Q3 25 | 2.02× | 0.03× | ||
| Q2 25 | 1.04× | 0.26× | ||
| Q1 25 | 1.61× | -0.48× | ||
| Q4 24 | 2.67× | 2.40× | ||
| Q3 24 | 1.94× | -0.37× | ||
| Q2 24 | 1.25× | 0.97× | ||
| Q1 24 | 2.06× | -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
AWK
| Water Services | $1.0B | 81% |
| Other | $127.0M | 10% |
| Wastewater Services | $101.0M | 8% |
| Miscellaneous Utility Charge | $11.0M | 1% |
DECK
| UGG Brand Segment | $1.3B | 67% |
| Hoka Brand Segment | $628.9M | 32% |
| Other Brands Segment | $23.2M | 1% |
