vs
百富门（BF.B）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的季度营收约是百富门的1.9倍（$2.0B vs $1.0B），Deckers Brands净利率更高（24.6% vs 21.6%，领先3.0%），Deckers Brands同比增速更快（7.1% vs -5.4%），Deckers Brands自由现金流更多（$1.0B vs $107.0M），过去两年Deckers Brands的营收复合增速更高（42.8% vs -1.6%）
百富门（Brown-Forman）是美国家族控股上市企业，属全球规模最大的葡萄酒及烈酒经营集团之一，总部位于肯塔基州路易斯维尔。旗下拥有杰克丹尼、伍德福德珍藏、格兰多纳等多个国际知名酒类品牌，曾持有的南方安逸等品牌已于2016年出售。
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。
BF.B vs DECK — 直观对比
营收规模更大
DECK
是对方的1.9倍
$1.0B
营收增速更快
DECK
高出12.5%
-5.4%
净利率更高
DECK
高出3.0%
21.6%
自由现金流更多
DECK
多$913.3M
$107.0M
两年增速更快
DECK
近两年复合增速
-1.6%
损益表 — Q2 FY2026 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.0B | $2.0B |
| 净利润 | $224.0M | $481.1M |
| 毛利率 | 59.4% | 59.8% |
| 营业利润率 | 29.4% | 31.4% |
| 净利率 | 21.6% | 24.6% |
| 营收同比 | -5.4% | 7.1% |
| 净利润同比 | -13.2% | 5.3% |
| 每股收益（稀释后） | $0.47 | $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BF.BDECK
| Q4 25 | $1.0B | $2.0B | ||
| Q3 25 | $924.0M | $1.4B | ||
| Q2 25 | $894.0M | $964.5M | ||
| Q1 25 | $1.0B | $1.0B | ||
| Q4 24 | $1.1B | $1.8B | ||
| Q3 24 | $951.0M | $1.3B | ||
| Q2 24 | $964.0M | $825.3M | ||
| Q1 24 | $1.1B | $959.8M |
净利润BF.BDECK
| Q4 25 | $224.0M | $481.1M | ||
| Q3 25 | $170.0M | $268.2M | ||
| Q2 25 | $146.0M | $139.2M | ||
| Q1 25 | $270.0M | $151.4M | ||
| Q4 24 | $258.0M | $456.7M | ||
| Q3 24 | $195.0M | $242.3M | ||
| Q2 24 | $266.0M | $115.6M | ||
| Q1 24 | $285.0M | $127.5M |
毛利率BF.BDECK
| Q4 25 | 59.4% | 59.8% | ||
| Q3 25 | 59.7% | 56.2% | ||
| Q2 25 | 57.4% | 55.8% | ||
| Q1 25 | 59.8% | 56.7% | ||
| Q4 24 | 59.0% | 60.3% | ||
| Q3 24 | 59.4% | 55.9% | ||
| Q2 24 | 59.0% | 56.9% | ||
| Q1 24 | 59.4% | 56.2% |
营业利润率BF.BDECK
| Q4 25 | 29.4% | 31.4% | ||
| Q3 25 | 28.1% | 22.8% | ||
| Q2 25 | 22.9% | 17.1% | ||
| Q1 25 | 27.1% | 17.0% | ||
| Q4 24 | 31.1% | 31.0% | ||
| Q3 24 | 29.5% | 23.3% | ||
| Q2 24 | 38.9% | 16.1% | ||
| Q1 24 | 34.9% | 15.0% |
净利率BF.BDECK
| Q4 25 | 21.6% | 24.6% | ||
| Q3 25 | 18.4% | 18.7% | ||
| Q2 25 | 16.3% | 14.4% | ||
| Q1 25 | 26.1% | 14.8% | ||
| Q4 24 | 23.6% | 25.0% | ||
| Q3 24 | 20.5% | 18.5% | ||
| Q2 24 | 27.6% | 14.0% | ||
| Q1 24 | 26.7% | 13.3% |
每股收益（稀释后）BF.BDECK
| Q4 25 | $0.47 | $3.33 | ||
| Q3 25 | $0.36 | $1.82 | ||
| Q2 25 | $0.31 | $0.93 | ||
| Q1 25 | $0.57 | $-2.78 | ||
| Q4 24 | $0.55 | $3.00 | ||
| Q3 24 | $0.41 | $1.59 | ||
| Q2 24 | $0.56 | $4.52 | ||
| Q1 24 | $0.60 | $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 | $319.0M | $2.1B |
| 总债务越低越好 | $2.4B | — |
| 股东权益账面价值 | $4.1B | $2.6B |
| 总资产 | $8.2B | $4.1B |
| 负债/权益比越低杠杆越低 | 0.59× | — |
8季度趋势，按日历期对齐
现金及短期投资BF.BDECK
| Q4 25 | $319.0M | $2.1B | ||
| Q3 25 | $471.0M | $1.4B | ||
| Q2 25 | $444.0M | $1.7B | ||
| Q1 25 | $599.0M | $1.9B | ||
| Q4 24 | $416.0M | $2.2B | ||
| Q3 24 | $416.0M | $1.2B | ||
| Q2 24 | $446.0M | $1.4B | ||
| Q1 24 | $589.0M | $1.5B |
总债务BF.BDECK
| Q4 25 | $2.4B | — | ||
| Q3 25 | $2.4B | — | ||
| Q2 25 | $2.4B | — | ||
| Q1 25 | $2.7B | — | ||
| Q4 24 | $2.7B | — | ||
| Q3 24 | $2.7B | — | ||
| Q2 24 | $2.7B | — | ||
| Q1 24 | $2.7B | — |
股东权益BF.BDECK
| Q4 25 | $4.1B | $2.6B | ||
| Q3 25 | $4.0B | $2.5B | ||
| Q2 25 | $4.0B | $2.5B | ||
| Q1 25 | $3.8B | $2.5B | ||
| Q4 24 | $3.7B | $2.6B | ||
| Q3 24 | $3.5B | $2.2B | ||
| Q2 24 | $3.5B | $2.1B | ||
| Q1 24 | $3.2B | $2.1B |
总资产BF.BDECK
| Q4 25 | $8.2B | $4.1B | ||
| Q3 25 | $8.2B | $3.8B | ||
| Q2 25 | $8.1B | $3.8B | ||
| Q1 25 | $8.1B | $3.6B | ||
| Q4 24 | $8.3B | $4.0B | ||
| Q3 24 | $8.2B | $3.4B | ||
| Q2 24 | $8.2B | $3.3B | ||
| Q1 24 | $8.2B | $3.1B |
负债/权益比BF.BDECK
| Q4 25 | 0.59× | — | ||
| Q3 25 | 0.61× | — | ||
| Q2 25 | 0.61× | — | ||
| Q1 25 | 0.70× | — | ||
| Q4 24 | 0.73× | — | ||
| Q3 24 | 0.77× | — | ||
| Q2 24 | 0.76× | — | ||
| Q1 24 | 0.83× | — |
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 | $132.0M | $1.0B |
| 自由现金流经营现金流 - 资本支出 | $107.0M | $1.0B |
| 自由现金流率自由现金流/营收 | 10.3% | 52.1% |
| 资本支出强度资本支出/营收 | 2.4% | 1.1% |
| 现金转化率经营现金流/净利润 | 0.59× | 2.17× |
| 过去12个月自由现金流最近4个季度 | $610.0M | $929.1M |
8季度趋势，按日历期对齐
经营现金流BF.BDECK
| Q4 25 | $132.0M | $1.0B | ||
| Q3 25 | $160.0M | $8.1M | ||
| Q2 25 | $152.0M | $36.1M | ||
| Q1 25 | $317.0M | $-73.0M | ||
| Q4 24 | $112.0M | $1.1B | ||
| Q3 24 | $17.0M | $-90.5M | ||
| Q2 24 | $285.0M | $112.7M | ||
| Q1 24 | $265.0M | $-28.7M |
自由现金流BF.BDECK
| Q4 25 | $107.0M | $1.0B | ||
| Q3 25 | $129.0M | $-13.9M | ||
| Q2 25 | $102.0M | $12.2M | ||
| Q1 25 | $272.0M | $-89.4M | ||
| Q4 24 | $81.0M | $1.1B | ||
| Q3 24 | $-24.0M | $-113.4M | ||
| Q2 24 | $205.0M | $90.1M | ||
| Q1 24 | $196.0M | $-44.0M |
自由现金流率BF.BDECK
| Q4 25 | 10.3% | 52.1% | ||
| Q3 25 | 14.0% | -1.0% | ||
| Q2 25 | 11.4% | 1.3% | ||
| Q1 25 | 26.3% | -8.8% | ||
| Q4 24 | 7.4% | 58.6% | ||
| Q3 24 | -2.5% | -8.6% | ||
| Q2 24 | 21.3% | 10.9% | ||
| Q1 24 | 18.3% | -4.6% |
资本支出强度BF.BDECK
| Q4 25 | 2.4% | 1.1% | ||
| Q3 25 | 3.4% | 1.5% | ||
| Q2 25 | 5.6% | 2.5% | ||
| Q1 25 | 4.3% | 1.6% | ||
| Q4 24 | 2.8% | 1.3% | ||
| Q3 24 | 4.3% | 1.7% | ||
| Q2 24 | 8.3% | 2.7% | ||
| Q1 24 | 6.5% | 1.6% |
现金转化率BF.BDECK
| Q4 25 | 0.59× | 2.17× | ||
| Q3 25 | 0.94× | 0.03× | ||
| Q2 25 | 1.04× | 0.26× | ||
| Q1 25 | 1.17× | -0.48× | ||
| Q4 24 | 0.43× | 2.40× | ||
| Q3 24 | 0.09× | -0.37× | ||
| Q2 24 | 1.07× | 0.97× | ||
| Q1 24 | 0.93× | -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
BF.B
| Whiskey | $771.0M | 74% |
| Ready To Drink | $138.0M | 13% |
| Tequila | $67.0M | 6% |
| Restofportfolio | $52.0M | 5% |
| Nonbrandedandbulk | $8.0M | 1% |
DECK
| UGG Brand Segment | $1.3B | 67% |
| Hoka Brand Segment | $628.9M | 32% |
| Other Brands Segment | $23.2M | 1% |
