vs
TopBuild Corp（BLD）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TopBuild Corp的1.3倍（$2.0B vs $1.5B），Deckers Brands净利率更高（24.6% vs 7.0%，领先17.5%），TopBuild Corp同比增速更快（13.2% vs 7.1%），Deckers Brands自由现金流更多（$1.0B vs $159.4M），过去两年Deckers Brands的营收复合增速更高（42.8% vs 7.8%）
HashiCorp是总部位于美国加利福尼亚州旧金山的软件企业，2012年由米切尔·桥本与阿蒙·达德加创立，采用免费增值商业模式，为开发、运维及安全从业人员提供云基础设施配置、防护、运行与连接相关的工具及产品。
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。
BLD vs DECK — 直观对比
营收规模更大
DECK
是对方的1.3倍
$1.5B
营收增速更快
BLD
高出6.1%
7.1%
净利率更高
DECK
高出17.5%
7.0%
自由现金流更多
DECK
多$860.9M
$159.4M
两年增速更快
DECK
近两年复合增速
7.8%
损益表 — Q4 FY2025 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.5B | $2.0B |
| 净利润 | $104.5M | $481.1M |
| 毛利率 | 27.2% | 59.8% |
| 营业利润率 | 12.1% | 31.4% |
| 净利率 | 7.0% | 24.6% |
| 营收同比 | 13.2% | 7.1% |
| 净利润同比 | -30.6% | 5.3% |
| 每股收益（稀释后） | $3.69 | $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BLDDECK
| Q4 25 | $1.5B | $2.0B | ||
| Q3 25 | $1.4B | $1.4B | ||
| Q2 25 | $1.3B | $964.5M | ||
| Q1 25 | $1.2B | $1.0B | ||
| Q4 24 | $1.3B | $1.8B | ||
| Q3 24 | $1.4B | $1.3B | ||
| Q2 24 | $1.4B | $825.3M | ||
| Q1 24 | $1.3B | $959.8M |
净利润BLDDECK
| Q4 25 | $104.5M | $481.1M | ||
| Q3 25 | $142.2M | $268.2M | ||
| Q2 25 | $151.6M | $139.2M | ||
| Q1 25 | $123.4M | $151.4M | ||
| Q4 24 | $150.5M | $456.7M | ||
| Q3 24 | $169.0M | $242.3M | ||
| Q2 24 | $150.7M | $115.6M | ||
| Q1 24 | $152.4M | $127.5M |
毛利率BLDDECK
| Q4 25 | 27.2% | 59.8% | ||
| Q3 25 | 30.1% | 56.2% | ||
| Q2 25 | 30.4% | 55.8% | ||
| Q1 25 | 28.5% | 56.7% | ||
| Q4 24 | 29.9% | 60.3% | ||
| Q3 24 | 30.7% | 55.9% | ||
| Q2 24 | 31.0% | 56.9% | ||
| Q1 24 | 30.3% | 56.2% |
营业利润率BLDDECK
| Q4 25 | 12.1% | 31.4% | ||
| Q3 25 | 15.4% | 22.8% | ||
| Q2 25 | 16.9% | 17.1% | ||
| Q1 25 | 14.4% | 17.0% | ||
| Q4 24 | 16.6% | 31.0% | ||
| Q3 24 | 17.8% | 23.3% | ||
| Q2 24 | 15.4% | 16.1% | ||
| Q1 24 | 16.8% | 15.0% |
净利率BLDDECK
| Q4 25 | 7.0% | 24.6% | ||
| Q3 25 | 10.2% | 18.7% | ||
| Q2 25 | 11.7% | 14.4% | ||
| Q1 25 | 10.0% | 14.8% | ||
| Q4 24 | 11.5% | 25.0% | ||
| Q3 24 | 12.3% | 18.5% | ||
| Q2 24 | 11.0% | 14.0% | ||
| Q1 24 | 11.9% | 13.3% |
每股收益（稀释后）BLDDECK
| Q4 25 | $3.69 | $3.33 | ||
| Q3 25 | $5.04 | $1.82 | ||
| Q2 25 | $5.32 | $0.93 | ||
| Q1 25 | $4.23 | $-2.78 | ||
| Q4 24 | $5.07 | $3.00 | ||
| Q3 24 | $5.65 | $1.59 | ||
| Q2 24 | $4.78 | $4.52 | ||
| Q1 24 | $4.79 | $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 | $184.7M | $2.1B |
| 总债务越低越好 | $2.8B | — |
| 股东权益账面价值 | $2.3B | $2.6B |
| 总资产 | $6.6B | $4.1B |
| 负债/权益比越低杠杆越低 | 1.23× | — |
8季度趋势，按日历期对齐
现金及短期投资BLDDECK
| Q4 25 | $184.7M | $2.1B | ||
| Q3 25 | $1.1B | $1.4B | ||
| Q2 25 | $842.5M | $1.7B | ||
| Q1 25 | $308.8M | $1.9B | ||
| Q4 24 | $400.3M | $2.2B | ||
| Q3 24 | $257.3M | $1.2B | ||
| Q2 24 | $463.2M | $1.4B | ||
| Q1 24 | $968.8M | $1.5B |
总债务BLDDECK
| Q4 25 | $2.8B | — | ||
| Q3 25 | $2.9B | — | ||
| Q2 25 | $1.9B | — | ||
| Q1 25 | $1.4B | — | ||
| Q4 24 | $1.4B | — | ||
| Q3 24 | $1.4B | — | ||
| Q2 24 | $1.4B | — | ||
| Q1 24 | $1.4B | — |
股东权益BLDDECK
| Q4 25 | $2.3B | $2.6B | ||
| Q3 25 | $2.2B | $2.5B | ||
| Q2 25 | $2.1B | $2.5B | ||
| Q1 25 | $2.1B | $2.5B | ||
| Q4 24 | $2.2B | $2.6B | ||
| Q3 24 | $2.1B | $2.2B | ||
| Q2 24 | $2.4B | $2.1B | ||
| Q1 24 | $2.7B | $2.1B |
总资产BLDDECK
| Q4 25 | $6.6B | $4.1B | ||
| Q3 25 | $6.4B | $3.8B | ||
| Q2 25 | $5.1B | $3.8B | ||
| Q1 25 | $4.6B | $3.6B | ||
| Q4 24 | $4.7B | $4.0B | ||
| Q3 24 | $4.7B | $3.4B | ||
| Q2 24 | $4.9B | $3.3B | ||
| Q1 24 | $5.3B | $3.1B |
负债/权益比BLDDECK
| Q4 25 | 1.23× | — | ||
| Q3 25 | 1.29× | — | ||
| Q2 25 | 0.88× | — | ||
| Q1 25 | 0.65× | — | ||
| Q4 24 | 0.62× | — | ||
| Q3 24 | 0.66× | — | ||
| Q2 24 | 0.59× | — | ||
| Q1 24 | 0.52× | — |
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 | $176.7M | $1.0B |
| 自由现金流经营现金流 - 资本支出 | $159.4M | $1.0B |
| 自由现金流率自由现金流/营收 | 10.7% | 52.1% |
| 资本支出强度资本支出/营收 | 1.2% | 1.1% |
| 现金转化率经营现金流/净利润 | 1.69× | 2.17× |
| 过去12个月自由现金流最近4个季度 | $696.9M | $929.1M |
8季度趋势，按日历期对齐
经营现金流BLDDECK
| Q4 25 | $176.7M | $1.0B | ||
| Q3 25 | $233.3M | $8.1M | ||
| Q2 25 | $193.7M | $36.1M | ||
| Q1 25 | $152.6M | $-73.0M | ||
| Q4 24 | $266.2M | $1.1B | ||
| Q3 24 | $240.7M | $-90.5M | ||
| Q2 24 | $90.4M | $112.7M | ||
| Q1 24 | $178.8M | $-28.7M |
自由现金流BLDDECK
| Q4 25 | $159.4M | $1.0B | ||
| Q3 25 | $216.2M | $-13.9M | ||
| Q2 25 | $182.2M | $12.2M | ||
| Q1 25 | $139.2M | $-89.4M | ||
| Q4 24 | $253.7M | $1.1B | ||
| Q3 24 | $219.8M | $-113.4M | ||
| Q2 24 | $74.3M | $90.1M | ||
| Q1 24 | $158.9M | $-44.0M |
自由现金流率BLDDECK
| Q4 25 | 10.7% | 52.1% | ||
| Q3 25 | 15.5% | -1.0% | ||
| Q2 25 | 14.0% | 1.3% | ||
| Q1 25 | 11.3% | -8.8% | ||
| Q4 24 | 19.3% | 58.6% | ||
| Q3 24 | 16.0% | -8.6% | ||
| Q2 24 | 5.4% | 10.9% | ||
| Q1 24 | 12.4% | -4.6% |
资本支出强度BLDDECK
| Q4 25 | 1.2% | 1.1% | ||
| Q3 25 | 1.2% | 1.5% | ||
| Q2 25 | 0.9% | 2.5% | ||
| Q1 25 | 1.1% | 1.6% | ||
| Q4 24 | 1.0% | 1.3% | ||
| Q3 24 | 1.5% | 1.7% | ||
| Q2 24 | 1.2% | 2.7% | ||
| Q1 24 | 1.6% | 1.6% |
现金转化率BLDDECK
| Q4 25 | 1.69× | 2.17× | ||
| Q3 25 | 1.64× | 0.03× | ||
| Q2 25 | 1.28× | 0.26× | ||
| Q1 25 | 1.24× | -0.48× | ||
| Q4 24 | 1.77× | 2.40× | ||
| Q3 24 | 1.42× | -0.37× | ||
| Q2 24 | 0.60× | 0.97× | ||
| Q1 24 | 1.17× | -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
BLD
| Distribution Segment | $755.4M | 51% |
| Residential | $557.9M | 38% |
| All Other Products | $91.9M | 6% |
| Glass And Windows | $51.5M | 3% |
| Rain Gutters | $27.1M | 2% |
DECK
| UGG Brand Segment | $1.3B | 67% |
| Hoka Brand Segment | $628.9M | 32% |
| Other Brands Segment | $23.2M | 1% |
