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波尔公司（BALL）与Deckers Brands（DECK）财务数据对比。点击上方公司名可切换其他公司
波尔公司的季度营收约是Deckers Brands的1.7倍（$3.3B vs $2.0B），Deckers Brands净利率更高（24.6% vs 6.0%，领先18.6%），波尔公司同比增速更快（16.2% vs 7.1%），波尔公司自由现金流更多（$1.0B vs $1.0B），过去两年Deckers Brands的营收复合增速更高（42.8% vs 7.9%）
波尔公司是全球领先的可持续铝制包装解决方案供应商，为饮料、个护、家居产品领域的品牌提供创新包装产品，同时旗下航空航天板块为政府及商业客户提供先进技术、系统与相关服务，全业务线高度重视环保责任与产品可靠性。
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。
BALL vs DECK — 直观对比
营收规模更大
BALL
是对方的1.7倍
$2.0B
营收增速更快
BALL
高出9.1%
7.1%
净利率更高
DECK
高出18.6%
6.0%
自由现金流更多
BALL
多$20.7M
$1.0B
两年增速更快
DECK
近两年复合增速
7.9%
损益表 — Q4 FY2025 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $3.3B | $2.0B |
| 净利润 | $200.0M | $481.1M |
| 毛利率 | — | 59.8% |
| 营业利润率 | 7.2% | 31.4% |
| 净利率 | 6.0% | 24.6% |
| 营收同比 | 16.2% | 7.1% |
| 净利润同比 | 766.7% | 5.3% |
| 每股收益（稀释后） | $0.73 | $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BALLDECK
| Q4 25 | $3.3B | $2.0B | ||
| Q3 25 | $3.4B | $1.4B | ||
| Q2 25 | $3.3B | $964.5M | ||
| Q1 25 | $3.1B | $1.0B | ||
| Q4 24 | $2.9B | $1.8B | ||
| Q3 24 | $3.1B | $1.3B | ||
| Q2 24 | $3.0B | $825.3M | ||
| Q1 24 | $2.9B | $959.8M |
净利润BALLDECK
| Q4 25 | $200.0M | $481.1M | ||
| Q3 25 | $321.0M | $268.2M | ||
| Q2 25 | $215.0M | $139.2M | ||
| Q1 25 | $179.0M | $151.4M | ||
| Q4 24 | $-30.0M | $456.7M | ||
| Q3 24 | $199.0M | $242.3M | ||
| Q2 24 | $159.0M | $115.6M | ||
| Q1 24 | $3.7B | $127.5M |
毛利率BALLDECK
| Q4 25 | — | 59.8% | ||
| Q3 25 | — | 56.2% | ||
| Q2 25 | — | 55.8% | ||
| Q1 25 | — | 56.7% | ||
| Q4 24 | — | 60.3% | ||
| Q3 24 | 17.7% | 55.9% | ||
| Q2 24 | 16.5% | 56.9% | ||
| Q1 24 | 16.6% | 56.2% |
营业利润率BALLDECK
| Q4 25 | 7.2% | 31.4% | ||
| Q3 25 | 11.6% | 22.8% | ||
| Q2 25 | 8.0% | 17.1% | ||
| Q1 25 | 7.4% | 17.0% | ||
| Q4 24 | 0.2% | 31.0% | ||
| Q3 24 | 7.4% | 23.3% | ||
| Q2 24 | 6.8% | 16.1% | ||
| Q1 24 | 6.8% | 15.0% |
净利率BALLDECK
| Q4 25 | 6.0% | 24.6% | ||
| Q3 25 | 9.5% | 18.7% | ||
| Q2 25 | 6.4% | 14.4% | ||
| Q1 25 | 5.8% | 14.8% | ||
| Q4 24 | -1.0% | 25.0% | ||
| Q3 24 | 6.5% | 18.5% | ||
| Q2 24 | 5.4% | 14.0% | ||
| Q1 24 | 128.3% | 13.3% |
每股收益（稀释后）BALLDECK
| Q4 25 | $0.73 | $3.33 | ||
| Q3 25 | $1.18 | $1.82 | ||
| Q2 25 | $0.76 | $0.93 | ||
| Q1 25 | $0.63 | $-2.78 | ||
| Q4 24 | $0.23 | $3.00 | ||
| Q3 24 | $0.65 | $1.59 | ||
| Q2 24 | $0.51 | $4.52 | ||
| Q1 24 | $11.61 | $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 | $1.2B | $2.1B |
| 总债务越低越好 | $7.0B | — |
| 股东权益账面价值 | $5.4B | $2.6B |
| 总资产 | $19.5B | $4.1B |
| 负债/权益比越低杠杆越低 | 1.29× | — |
8季度趋势，按日历期对齐
现金及短期投资BALLDECK
| Q4 25 | $1.2B | $2.1B | ||
| Q3 25 | $568.0M | $1.4B | ||
| Q2 25 | $296.0M | $1.7B | ||
| Q1 25 | $449.0M | $1.9B | ||
| Q4 24 | $885.0M | $2.2B | ||
| Q3 24 | $1.4B | $1.2B | ||
| Q2 24 | $1.3B | $1.4B | ||
| Q1 24 | $1.7B | $1.5B |
总债务BALLDECK
| Q4 25 | $7.0B | — | ||
| Q3 25 | $6.9B | — | ||
| Q2 25 | $6.5B | — | ||
| Q1 25 | $6.1B | — | ||
| Q4 24 | $5.3B | — | ||
| Q3 24 | $5.4B | — | ||
| Q2 24 | $5.5B | — | ||
| Q1 24 | $5.5B | — |
股东权益BALLDECK
| Q4 25 | $5.4B | $2.6B | ||
| Q3 25 | $5.4B | $2.5B | ||
| Q2 25 | $5.2B | $2.5B | ||
| Q1 25 | $5.5B | $2.5B | ||
| Q4 24 | $5.9B | $2.6B | ||
| Q3 24 | $6.7B | $2.2B | ||
| Q2 24 | $6.9B | $2.1B | ||
| Q1 24 | $7.3B | $2.1B |
总资产BALLDECK
| Q4 25 | $19.5B | $4.1B | ||
| Q3 25 | $18.7B | $3.8B | ||
| Q2 25 | $18.6B | $3.8B | ||
| Q1 25 | $18.0B | $3.6B | ||
| Q4 24 | $17.6B | $4.0B | ||
| Q3 24 | $18.8B | $3.4B | ||
| Q2 24 | $19.0B | $3.3B | ||
| Q1 24 | $19.9B | $3.1B |
负债/权益比BALLDECK
| Q4 25 | 1.29× | — | ||
| Q3 25 | 1.26× | — | ||
| Q2 25 | 1.24× | — | ||
| Q1 25 | 1.12× | — | ||
| Q4 24 | 0.91× | — | ||
| Q3 24 | 0.80× | — | ||
| Q2 24 | 0.80× | — | ||
| Q1 24 | 0.76× | — |
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 | $1.2B | $1.0B |
| 自由现金流经营现金流 - 资本支出 | $1.0B | $1.0B |
| 自由现金流率自由现金流/营收 | 31.1% | 52.1% |
| 资本支出强度资本支出/营收 | 5.1% | 1.1% |
| 现金转化率经营现金流/净利润 | 6.05× | 2.17× |
| 过去12个月自由现金流最近4个季度 | $788.0M | $929.1M |
8季度趋势，按日历期对齐
经营现金流BALLDECK
| Q4 25 | $1.2B | $1.0B | ||
| Q3 25 | $384.0M | $8.1M | ||
| Q2 25 | $332.0M | $36.1M | ||
| Q1 25 | $-665.0M | $-73.0M | ||
| Q4 24 | $500.0M | $1.1B | ||
| Q3 24 | $610.0M | $-90.5M | ||
| Q2 24 | $252.0M | $112.7M | ||
| Q1 24 | $-1.2B | $-28.7M |
自由现金流BALLDECK
| Q4 25 | $1.0B | $1.0B | ||
| Q3 25 | $257.0M | $-13.9M | ||
| Q2 25 | $236.0M | $12.2M | ||
| Q1 25 | $-746.0M | $-89.4M | ||
| Q4 24 | $393.0M | $1.1B | ||
| Q3 24 | $493.0M | $-113.4M | ||
| Q2 24 | $146.0M | $90.1M | ||
| Q1 24 | $-1.4B | $-44.0M |
自由现金流率BALLDECK
| Q4 25 | 31.1% | 52.1% | ||
| Q3 25 | 7.6% | -1.0% | ||
| Q2 25 | 7.1% | 1.3% | ||
| Q1 25 | -24.1% | -8.8% | ||
| Q4 24 | 13.6% | 58.6% | ||
| Q3 24 | 16.0% | -8.6% | ||
| Q2 24 | 4.9% | 10.9% | ||
| Q1 24 | -48.7% | -4.6% |
资本支出强度BALLDECK
| Q4 25 | 5.1% | 1.1% | ||
| Q3 25 | 3.8% | 1.5% | ||
| Q2 25 | 2.9% | 2.5% | ||
| Q1 25 | 2.6% | 1.6% | ||
| Q4 24 | 3.7% | 1.3% | ||
| Q3 24 | 3.8% | 1.7% | ||
| Q2 24 | 3.6% | 2.7% | ||
| Q1 24 | 5.4% | 1.6% |
现金转化率BALLDECK
| Q4 25 | 6.05× | 2.17× | ||
| Q3 25 | 1.20× | 0.03× | ||
| Q2 25 | 1.54× | 0.26× | ||
| Q1 25 | -3.72× | -0.48× | ||
| Q4 24 | — | 2.40× | ||
| Q3 24 | 3.07× | -0.37× | ||
| Q2 24 | 1.58× | 0.97× | ||
| Q1 24 | -0.34× | -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
BALL
| Transferred Over Time | $2.7B | 82% |
| Transferred At Point In Time | $602.0M | 18% |
DECK
| UGG Brand Segment | $1.3B | 67% |
| Hoka Brand Segment | $628.9M | 32% |
| Other Brands Segment | $23.2M | 1% |
