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Cboe Global Markets（CBOE）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Cboe Global Markets的1.5倍（$2.0B vs $1.3B），Cboe Global Markets净利率更高（30.3% vs 24.6%，领先5.7%），Deckers Brands同比增速更快（7.1% vs 6.5%），过去两年Deckers Brands的营收复合增速更高（42.8% vs 14.3%）
Cboe Global Markets是总部位于美国芝加哥的金融交易所运营集团，旗下拥有并运营多类交易所及交易场所，业务覆盖股票、期权、期货、数字资产等多个交易领域，为全球市场参与者提供专业交易服务支持。
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。
CBOE vs DECK — 直观对比
营收规模更大
DECK
是对方的1.5倍
$1.3B
营收增速更快
DECK
高出0.6%
6.5%
净利率更高
CBOE
高出5.7%
24.6%
两年增速更快
DECK
近两年复合增速
14.3%
损益表 — Q1 FY2026 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.3B | $2.0B |
| 净利润 | $385.7M | $481.1M |
| 毛利率 | 57.3% | 59.8% |
| 营业利润率 | 39.7% | 31.4% |
| 净利率 | 30.3% | 24.6% |
| 营收同比 | 6.5% | 7.1% |
| 净利润同比 | 53.9% | 5.3% |
| 每股收益（稀释后） | $3.66 | $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CBOEDECK
| Q1 26 | $1.3B | — | ||
| Q4 25 | $1.2B | $2.0B | ||
| Q3 25 | $1.1B | $1.4B | ||
| Q2 25 | $1.2B | $964.5M | ||
| Q1 25 | $1.2B | $1.0B | ||
| Q4 24 | $1.1B | $1.8B | ||
| Q3 24 | $1.1B | $1.3B | ||
| Q2 24 | $974.0M | $825.3M |
净利润CBOEDECK
| Q1 26 | $385.7M | — | ||
| Q4 25 | $313.5M | $481.1M | ||
| Q3 25 | $300.8M | $268.2M | ||
| Q2 25 | $235.1M | $139.2M | ||
| Q1 25 | $250.6M | $151.4M | ||
| Q4 24 | $196.5M | $456.7M | ||
| Q3 24 | $218.5M | $242.3M | ||
| Q2 24 | $140.4M | $115.6M |
毛利率CBOEDECK
| Q1 26 | 57.3% | — | ||
| Q4 25 | 55.7% | 59.8% | ||
| Q3 25 | 53.0% | 56.2% | ||
| Q2 25 | 50.0% | 55.8% | ||
| Q1 25 | 47.3% | 56.7% | ||
| Q4 24 | 47.4% | 60.3% | ||
| Q3 24 | 50.4% | 55.9% | ||
| Q2 24 | 52.8% | 56.9% |
营业利润率CBOEDECK
| Q1 26 | 39.7% | — | ||
| Q4 25 | 33.5% | 31.4% | ||
| Q3 25 | 32.4% | 22.8% | ||
| Q2 25 | 28.9% | 17.1% | ||
| Q1 25 | 29.6% | 17.0% | ||
| Q4 24 | 27.0% | 31.0% | ||
| Q3 24 | 29.1% | 23.3% | ||
| Q2 24 | 21.6% | 16.1% |
净利率CBOEDECK
| Q1 26 | 30.3% | — | ||
| Q4 25 | 26.0% | 24.6% | ||
| Q3 25 | 26.3% | 18.7% | ||
| Q2 25 | 20.0% | 14.4% | ||
| Q1 25 | 21.0% | 14.8% | ||
| Q4 24 | 17.7% | 25.0% | ||
| Q3 24 | 20.7% | 18.5% | ||
| Q2 24 | 14.4% | 14.0% |
每股收益（稀释后）CBOEDECK
| Q1 26 | $3.66 | — | ||
| Q4 25 | $2.97 | $3.33 | ||
| Q3 25 | $2.85 | $1.82 | ||
| Q2 25 | $2.23 | $0.93 | ||
| Q1 25 | $2.37 | $-2.78 | ||
| Q4 24 | $1.85 | $3.00 | ||
| Q3 24 | $2.07 | $1.59 | ||
| Q2 24 | $1.33 | $4.52 |
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 | $2.1B | $2.1B |
| 总债务越低越好 | $1.4B | — |
| 股东权益账面价值 | $5.4B | $2.6B |
| 总资产 | $11.1B | $4.1B |
| 负债/权益比越低杠杆越低 | 0.27× | — |
8季度趋势，按日历期对齐
现金及短期投资CBOEDECK
| Q1 26 | $2.1B | — | ||
| Q4 25 | $2.3B | $2.1B | ||
| Q3 25 | $1.5B | $1.4B | ||
| Q2 25 | $1.5B | $1.7B | ||
| Q1 25 | $1.2B | $1.9B | ||
| Q4 24 | $1.0B | $2.2B | ||
| Q3 24 | $763.2M | $1.2B | ||
| Q2 24 | $698.3M | $1.4B |
总债务CBOEDECK
| Q1 26 | $1.4B | — | ||
| Q4 25 | $1.4B | — | ||
| Q3 25 | $1.4B | — | ||
| Q2 25 | $1.4B | — | ||
| Q1 25 | $1.4B | — | ||
| Q4 24 | $1.4B | — | ||
| Q3 24 | $1.4B | — | ||
| Q2 24 | $1.4B | — |
股东权益CBOEDECK
| Q1 26 | $5.4B | — | ||
| Q4 25 | $5.1B | $2.6B | ||
| Q3 25 | $4.9B | $2.5B | ||
| Q2 25 | $4.7B | $2.5B | ||
| Q1 25 | $4.5B | $2.5B | ||
| Q4 24 | $4.3B | $2.6B | ||
| Q3 24 | $4.2B | $2.2B | ||
| Q2 24 | $4.0B | $2.1B |
总资产CBOEDECK
| Q1 26 | $11.1B | — | ||
| Q4 25 | $9.3B | $4.1B | ||
| Q3 25 | $9.1B | $3.8B | ||
| Q2 25 | $9.0B | $3.8B | ||
| Q1 25 | $8.7B | $3.6B | ||
| Q4 24 | $7.8B | $4.0B | ||
| Q3 24 | $8.7B | $3.4B | ||
| Q2 24 | $9.3B | $3.3B |
负债/权益比CBOEDECK
| Q1 26 | 0.27× | — | ||
| Q4 25 | 0.28× | — | ||
| Q3 25 | 0.30× | — | ||
| Q2 25 | 0.31× | — | ||
| Q1 25 | 0.32× | — | ||
| Q4 24 | 0.34× | — | ||
| Q3 24 | 0.34× | — | ||
| Q2 24 | 0.36× | — |
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 | — | $1.0B |
| 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 | — | 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CBOEDECK
| Q1 26 | — | — | ||
| Q4 25 | $352.1M | $1.0B | ||
| Q3 25 | $153.9M | $8.1M | ||
| Q2 25 | $333.7M | $36.1M | ||
| Q1 25 | $912.9M | $-73.0M | ||
| Q4 24 | $-710.4M | $1.1B | ||
| Q3 24 | $-578.5M | $-90.5M | ||
| Q2 24 | $1.5B | $112.7M |
自由现金流CBOEDECK
| Q1 26 | — | — | ||
| Q4 25 | $332.1M | $1.0B | ||
| Q3 25 | $137.9M | $-13.9M | ||
| Q2 25 | $313.4M | $12.2M | ||
| Q1 25 | $898.2M | $-89.4M | ||
| Q4 24 | $-734.2M | $1.1B | ||
| Q3 24 | $-590.5M | $-113.4M | ||
| Q2 24 | $1.5B | $90.1M |
自由现金流率CBOEDECK
| Q1 26 | — | — | ||
| Q4 25 | 27.6% | 52.1% | ||
| Q3 25 | 12.1% | -1.0% | ||
| Q2 25 | 26.7% | 1.3% | ||
| Q1 25 | 75.2% | -8.8% | ||
| Q4 24 | -66.3% | 58.6% | ||
| Q3 24 | -55.9% | -8.6% | ||
| Q2 24 | 151.6% | 10.9% |
资本支出强度CBOEDECK
| Q1 26 | — | — | ||
| Q4 25 | 1.7% | 1.1% | ||
| Q3 25 | 1.4% | 1.5% | ||
| Q2 25 | 1.7% | 2.5% | ||
| Q1 25 | 1.2% | 1.6% | ||
| Q4 24 | 2.1% | 1.3% | ||
| Q3 24 | 1.1% | 1.7% | ||
| Q2 24 | 1.8% | 2.7% |
现金转化率CBOEDECK
| Q1 26 | — | — | ||
| Q4 25 | 1.12× | 2.17× | ||
| Q3 25 | 0.51× | 0.03× | ||
| Q2 25 | 1.42× | 0.26× | ||
| Q1 25 | 3.64× | -0.48× | ||
| Q4 24 | -3.62× | 2.40× | ||
| Q3 24 | -2.65× | -0.37× | ||
| Q2 24 | 10.64× | 0.97× |
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
CBOE
| Derivatives markets | $609.3M | 48% |
| Cash and spot markets | $482.2M | 38% |
| Data Vantage | $181.3M | 14% |
DECK
| UGG Brand Segment | $1.3B | 67% |
| Hoka Brand Segment | $628.9M | 32% |
| Other Brands Segment | $23.2M | 1% |
