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布鲁克菲尔德资产管理（BAM）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的季度营收约是布鲁克菲尔德资产管理的1.8倍（$2.0B vs $1.1B），布鲁克菲尔德资产管理净利率更高（56.7% vs 24.6%，领先32.1%）
布鲁克菲尔德资产管理有限公司是加美两地的另类资产管理机构，2022年12月从布鲁克菲尔德集团的资管业务分拆成立，在全球范围内管理不动产、基础设施、可再生能源、私募股权及信贷市场等领域的投资。
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。
BAM vs DECK — 直观对比
营收规模更大
DECK
是对方的1.8倍
$1.1B
净利率更高
BAM
高出32.1%
24.6%
损益表 — Q4 FY2025 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.1B | $2.0B |
| 净利润 | $615.0M | $481.1M |
| 毛利率 | — | 59.8% |
| 营业利润率 | 84.2% | 31.4% |
| 净利率 | 56.7% | 24.6% |
| 营收同比 | — | 7.1% |
| 净利润同比 | — | 5.3% |
| 每股收益（稀释后） | — | $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BAMDECK
| Q4 25 | $1.1B | $2.0B | ||
| Q3 25 | $974.0M | $1.4B | ||
| Q2 25 | $931.0M | $964.5M | ||
| Q1 25 | $954.0M | $1.0B | ||
| Q4 24 | — | $1.8B | ||
| Q3 24 | $873.0M | $1.3B | ||
| Q2 24 | $821.0M | $825.3M | ||
| Q1 24 | $786.0M | $959.8M |
净利润BAMDECK
| Q4 25 | $615.0M | $481.1M | ||
| Q3 25 | $692.0M | $268.2M | ||
| Q2 25 | $584.0M | $139.2M | ||
| Q1 25 | $507.0M | $151.4M | ||
| Q4 24 | — | $456.7M | ||
| Q3 24 | $537.0M | $242.3M | ||
| Q2 24 | $124.0M | $115.6M | ||
| Q1 24 | $373.0M | $127.5M |
毛利率BAMDECK
| 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BAMDECK
| Q4 25 | 84.2% | 31.4% | ||
| Q3 25 | 79.1% | 22.8% | ||
| Q2 25 | 70.8% | 17.1% | ||
| Q1 25 | 61.0% | 17.0% | ||
| Q4 24 | — | 31.0% | ||
| Q3 24 | 72.5% | 23.3% | ||
| Q2 24 | 80.4% | 16.1% | ||
| Q1 24 | 56.5% | 15.0% |
净利率BAMDECK
| Q4 25 | 56.7% | 24.6% | ||
| Q3 25 | 71.0% | 18.7% | ||
| Q2 25 | 62.7% | 14.4% | ||
| Q1 25 | 53.1% | 14.8% | ||
| Q4 24 | — | 25.0% | ||
| Q3 24 | 61.5% | 18.5% | ||
| Q2 24 | 15.1% | 14.0% | ||
| Q1 24 | 47.5% | 13.3% |
每股收益（稀释后）BAMDECK
| Q4 25 | — | $3.33 | ||
| Q3 25 | — | $1.82 | ||
| Q2 25 | — | $0.93 | ||
| Q1 25 | — | $-2.78 | ||
| Q4 24 | — | $3.00 | ||
| Q3 24 | — | $1.59 | ||
| Q2 24 | — | $4.52 | ||
| Q1 24 | — | $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 | $1.6B | $2.1B |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $8.9B | $2.6B |
| 总资产 | $17.0B | $4.1B |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
现金及短期投资BAMDECK
| Q4 25 | $1.6B | $2.1B | ||
| Q3 25 | $1.1B | $1.4B | ||
| Q2 25 | $480.0M | $1.7B | ||
| Q1 25 | $332.0M | $1.9B | ||
| Q4 24 | — | $2.2B | ||
| Q3 24 | — | $1.2B | ||
| Q2 24 | $10.0M | $1.4B | ||
| Q1 24 | — | $1.5B |
股东权益BAMDECK
| Q4 25 | $8.9B | $2.6B | ||
| Q3 25 | $8.5B | $2.5B | ||
| Q2 25 | $8.5B | $2.5B | ||
| Q1 25 | $8.5B | $2.5B | ||
| Q4 24 | — | $2.6B | ||
| Q3 24 | $9.0B | $2.2B | ||
| Q2 24 | $3.2B | $2.1B | ||
| Q1 24 | $2.2B | $2.1B |
总资产BAMDECK
| Q4 25 | $17.0B | $4.1B | ||
| Q3 25 | $16.5B | $3.8B | ||
| Q2 25 | $16.1B | $3.8B | ||
| Q1 25 | $15.0B | $3.6B | ||
| Q4 24 | — | $4.0B | ||
| Q3 24 | — | $3.4B | ||
| Q2 24 | $4.2B | $3.3B | ||
| Q1 24 | — | $3.1B |
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 | $562.0M | $1.0B |
| 自由现金流经营现金流 - 资本支出 | — | $1.0B |
| 自由现金流率自由现金流/营收 | — | 52.1% |
| 资本支出强度资本支出/营收 | — | 1.1% |
| 现金转化率经营现金流/净利润 | 0.91× | 2.17× |
| 过去12个月自由现金流最近4个季度 | — | $929.1M |
8季度趋势，按日历期对齐
经营现金流BAMDECK
| Q4 25 | $562.0M | $1.0B | ||
| Q3 25 | $745.0M | $8.1M | ||
| Q2 25 | $529.0M | $36.1M | ||
| Q1 25 | $265.0M | $-73.0M | ||
| Q4 24 | — | $1.1B | ||
| Q3 24 | $567.0M | $-90.5M | ||
| Q2 24 | $159.0M | $112.7M | ||
| Q1 24 | $516.0M | $-28.7M |
自由现金流BAMDECK
| Q4 25 | — | $1.0B | ||
| Q3 25 | — | $-13.9M | ||
| Q2 25 | — | $12.2M | ||
| Q1 25 | — | $-89.4M | ||
| Q4 24 | — | $1.1B | ||
| Q3 24 | — | $-113.4M | ||
| Q2 24 | — | $90.1M | ||
| Q1 24 | — | $-44.0M |
自由现金流率BAMDECK
| Q4 25 | — | 52.1% | ||
| Q3 25 | — | -1.0% | ||
| Q2 25 | — | 1.3% | ||
| Q1 25 | — | -8.8% | ||
| Q4 24 | — | 58.6% | ||
| Q3 24 | — | -8.6% | ||
| Q2 24 | — | 10.9% | ||
| Q1 24 | — | -4.6% |
资本支出强度BAMDECK
| Q4 25 | — | 1.1% | ||
| Q3 25 | — | 1.5% | ||
| Q2 25 | — | 2.5% | ||
| Q1 25 | — | 1.6% | ||
| Q4 24 | — | 1.3% | ||
| Q3 24 | — | 1.7% | ||
| Q2 24 | — | 2.7% | ||
| Q1 24 | — | 1.6% |
现金转化率BAMDECK
| Q4 25 | 0.91× | 2.17× | ||
| Q3 25 | 1.08× | 0.03× | ||
| Q2 25 | 0.91× | 0.26× | ||
| Q1 25 | 0.52× | -0.48× | ||
| Q4 24 | — | 2.40× | ||
| Q3 24 | 1.06× | -0.37× | ||
| Q2 24 | 1.28× | 0.97× | ||
| Q1 24 | 1.38× | -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
BAM
| Incentive Fees | $452.0M | 42% |
| Infrastruture | $332.0M | 31% |
| Private Equity | $174.0M | 16% |
| Renewable Power And Transition | $66.0M | 6% |
| Other | $47.0M | 4% |
| Management And Advisory Fees | $14.0M | 1% |
DECK
| UGG Brand Segment | $1.3B | 67% |
| Hoka Brand Segment | $628.9M | 32% |
| Other Brands Segment | $23.2M | 1% |
