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艾仕得（AXTA）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的季度营收约是艾仕得的1.6倍（$2.0B vs $1.3B），Deckers Brands净利率更高（24.6% vs 4.8%，领先19.8%），Deckers Brands同比增速更快（7.1% vs -3.7%），Deckers Brands自由现金流更多（$1.0B vs $286.0M），过去两年Deckers Brands的营收复合增速更高（42.8% vs -1.2%）
艾仕得是源自美国的专业涂料供应商，总部位于宾夕法尼亚州费城，注册地为百慕大。公司主营乘用车、商用车、工业场景及修补用途涂料的研发与生产，业务覆盖全球130个国家，拥有近1.3万名员工，服务超10万家客户。
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。
AXTA vs DECK — 直观对比
营收规模更大
DECK
是对方的1.6倍
$1.3B
营收增速更快
DECK
高出10.9%
-3.7%
净利率更高
DECK
高出19.8%
4.8%
自由现金流更多
DECK
多$734.3M
$286.0M
两年增速更快
DECK
近两年复合增速
-1.2%
损益表 — Q4 FY2025 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.3B | $2.0B |
| 净利润 | $60.0M | $481.1M |
| 毛利率 | 33.4% | 59.8% |
| 营业利润率 | 12.8% | 31.4% |
| 净利率 | 4.8% | 24.6% |
| 营收同比 | -3.7% | 7.1% |
| 净利润同比 | -56.2% | 5.3% |
| 每股收益（稀释后） | $0.28 | $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AXTADECK
| Q4 25 | $1.3B | $2.0B | ||
| Q3 25 | $1.3B | $1.4B | ||
| Q2 25 | $1.3B | $964.5M | ||
| Q1 25 | $1.3B | $1.0B | ||
| Q4 24 | $1.3B | $1.8B | ||
| Q3 24 | $1.3B | $1.3B | ||
| Q2 24 | $1.4B | $825.3M | ||
| Q1 24 | $1.3B | $959.8M |
净利润AXTADECK
| Q4 25 | $60.0M | $481.1M | ||
| Q3 25 | $110.0M | $268.2M | ||
| Q2 25 | $109.0M | $139.2M | ||
| Q1 25 | $99.0M | $151.4M | ||
| Q4 24 | $137.0M | $456.7M | ||
| Q3 24 | $101.0M | $242.3M | ||
| Q2 24 | $112.0M | $115.6M | ||
| Q1 24 | $41.0M | $127.5M |
毛利率AXTADECK
| Q4 25 | 33.4% | 59.8% | ||
| Q3 25 | 34.9% | 56.2% | ||
| Q2 25 | 35.0% | 55.8% | ||
| Q1 25 | 34.3% | 56.7% | ||
| Q4 24 | 34.1% | 60.3% | ||
| Q3 24 | 35.0% | 55.9% | ||
| Q2 24 | 34.0% | 56.9% | ||
| Q1 24 | 33.2% | 56.2% |
营业利润率AXTADECK
| Q4 25 | 12.8% | 31.4% | ||
| Q3 25 | 15.8% | 22.8% | ||
| Q2 25 | 14.8% | 17.1% | ||
| Q1 25 | 13.9% | 17.0% | ||
| Q4 24 | 14.3% | 31.0% | ||
| Q3 24 | 14.6% | 23.3% | ||
| Q2 24 | 15.2% | 16.1% | ||
| Q1 24 | 9.4% | 15.0% |
净利率AXTADECK
| Q4 25 | 4.8% | 24.6% | ||
| Q3 25 | 8.5% | 18.7% | ||
| Q2 25 | 8.4% | 14.4% | ||
| Q1 25 | 7.8% | 14.8% | ||
| Q4 24 | 10.5% | 25.0% | ||
| Q3 24 | 7.7% | 18.5% | ||
| Q2 24 | 8.3% | 14.0% | ||
| Q1 24 | 3.2% | 13.3% |
每股收益（稀释后）AXTADECK
| Q4 25 | $0.28 | $3.33 | ||
| Q3 25 | $0.51 | $1.82 | ||
| Q2 25 | $0.50 | $0.93 | ||
| Q1 25 | $0.45 | $-2.78 | ||
| Q4 24 | $0.63 | $3.00 | ||
| Q3 24 | $0.46 | $1.59 | ||
| Q2 24 | $0.51 | $4.52 | ||
| Q1 24 | $0.18 | $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 | $657.0M | $2.1B |
| 总债务越低越好 | $3.2B | — |
| 股东权益账面价值 | $2.3B | $2.6B |
| 总资产 | $7.6B | $4.1B |
| 负债/权益比越低杠杆越低 | 1.36× | — |
8季度趋势，按日历期对齐
现金及短期投资AXTADECK
| Q4 25 | $657.0M | $2.1B | ||
| Q3 25 | $606.0M | $1.4B | ||
| Q2 25 | $625.0M | $1.7B | ||
| Q1 25 | $575.0M | $1.9B | ||
| Q4 24 | $593.0M | $2.2B | ||
| Q3 24 | $567.0M | $1.2B | ||
| Q2 24 | $840.0M | $1.4B | ||
| Q1 24 | $624.0M | $1.5B |
总债务AXTADECK
| Q4 25 | $3.2B | — | ||
| Q3 25 | $3.4B | — | ||
| Q2 25 | $3.4B | — | ||
| Q1 25 | $3.4B | — | ||
| Q4 24 | $3.4B | — | ||
| Q3 24 | $3.5B | — | ||
| Q2 24 | $3.6B | — | ||
| Q1 24 | $3.4B | — |
股东权益AXTADECK
| Q4 25 | $2.3B | $2.6B | ||
| Q3 25 | $2.3B | $2.5B | ||
| Q2 25 | $2.3B | $2.5B | ||
| Q1 25 | $2.1B | $2.5B | ||
| Q4 24 | $1.9B | $2.6B | ||
| Q3 24 | $1.9B | $2.2B | ||
| Q2 24 | $1.8B | $2.1B | ||
| Q1 24 | $1.7B | $2.1B |
总资产AXTADECK
| Q4 25 | $7.6B | $4.1B | ||
| Q3 25 | $7.8B | $3.8B | ||
| Q2 25 | $7.8B | $3.8B | ||
| Q1 25 | $7.4B | $3.6B | ||
| Q4 24 | $7.2B | $4.0B | ||
| Q3 24 | $7.5B | $3.4B | ||
| Q2 24 | $7.3B | $3.3B | ||
| Q1 24 | $7.1B | $3.1B |
负债/权益比AXTADECK
| Q4 25 | 1.36× | — | ||
| Q3 25 | 1.48× | — | ||
| Q2 25 | 1.50× | — | ||
| Q1 25 | 1.64× | — | ||
| Q4 24 | 1.78× | — | ||
| Q3 24 | 1.84× | — | ||
| Q2 24 | 2.02× | — | ||
| Q1 24 | 1.97× | — |
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 | $344.0M | $1.0B |
| 自由现金流经营现金流 - 资本支出 | $286.0M | $1.0B |
| 自由现金流率自由现金流/营收 | 22.7% | 52.1% |
| 资本支出强度资本支出/营收 | 4.6% | 1.1% |
| 现金转化率经营现金流/净利润 | 5.73× | 2.17× |
| 过去12个月自由现金流最近4个季度 | $453.0M | $929.1M |
8季度趋势，按日历期对齐
经营现金流AXTADECK
| Q4 25 | $344.0M | $1.0B | ||
| Q3 25 | $137.0M | $8.1M | ||
| Q2 25 | $142.0M | $36.1M | ||
| Q1 25 | $26.0M | $-73.0M | ||
| Q4 24 | $234.0M | $1.1B | ||
| Q3 24 | $194.0M | $-90.5M | ||
| Q2 24 | $114.0M | $112.7M | ||
| Q1 24 | $34.0M | $-28.7M |
自由现金流AXTADECK
| Q4 25 | $286.0M | $1.0B | ||
| Q3 25 | $87.0M | $-13.9M | ||
| Q2 25 | $97.0M | $12.2M | ||
| Q1 25 | $-17.0M | $-89.4M | ||
| Q4 24 | $172.0M | $1.1B | ||
| Q3 24 | $161.0M | $-113.4M | ||
| Q2 24 | $91.0M | $90.1M | ||
| Q1 24 | $12.0M | $-44.0M |
自由现金流率AXTADECK
| Q4 25 | 22.7% | 52.1% | ||
| Q3 25 | 6.8% | -1.0% | ||
| Q2 25 | 7.4% | 1.3% | ||
| Q1 25 | -1.3% | -8.8% | ||
| Q4 24 | 13.1% | 58.6% | ||
| Q3 24 | 12.2% | -8.6% | ||
| Q2 24 | 6.7% | 10.9% | ||
| Q1 24 | 0.9% | -4.6% |
资本支出强度AXTADECK
| Q4 25 | 4.6% | 1.1% | ||
| Q3 25 | 3.9% | 1.5% | ||
| Q2 25 | 3.4% | 2.5% | ||
| Q1 25 | 3.4% | 1.6% | ||
| Q4 24 | 4.7% | 1.3% | ||
| Q3 24 | 2.5% | 1.7% | ||
| Q2 24 | 1.7% | 2.7% | ||
| Q1 24 | 1.7% | 1.6% |
现金转化率AXTADECK
| Q4 25 | 5.73× | 2.17× | ||
| Q3 25 | 1.25× | 0.03× | ||
| Q2 25 | 1.30× | 0.26× | ||
| Q1 25 | 0.26× | -0.48× | ||
| Q4 24 | 1.71× | 2.40× | ||
| Q3 24 | 1.92× | -0.37× | ||
| Q2 24 | 1.02× | 0.97× | ||
| Q1 24 | 0.83× | -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
AXTA
| Refinish | $509.0M | 40% |
| Light Vehicle | $372.0M | 29% |
| Industrial | $282.0M | 22% |
| Commercial Vehicle | $99.0M | 8% |
DECK
| UGG Brand Segment | $1.3B | 67% |
| Hoka Brand Segment | $628.9M | 32% |
| Other Brands Segment | $23.2M | 1% |
