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楷登电子（CDNS）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的季度营收约是楷登电子的1.5倍（$2.0B vs $1.3B），Deckers Brands净利率更高（24.6% vs 22.8%，领先1.8%），Deckers Brands同比增速更快（7.1% vs -16.1%），Deckers Brands自由现金流更多（$1.0B vs $464.0M），过去两年Deckers Brands的营收复合增速更高（42.8% vs 9.6%）
楷登电子是总部位于美国加利福尼亚州圣何塞的跨国科技与计算软件企业，最初主打半导体行业电子设计自动化（EDA）软件，目前业务覆盖集成电路、片上系统、印刷电路板、药品研发等领域的设计软硬件开发，同时向电子、航空航天、国防等行业授权知识产权。
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。
CDNS 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23.3%
-16.1%
净利率更高
DECK
高出1.8%
22.8%
自由现金流更多
DECK
多$556.3M
$464.0M
两年增速更快
DECK
近两年复合增速
9.6%
损益表 — Q1 FY2026 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.3B | $2.0B |
| 净利润 | $335.7M | $481.1M |
| 毛利率 | — | 59.8% |
| 营业利润率 | 29.3% | 31.4% |
| 净利率 | 22.8% | 24.6% |
| 营收同比 | -16.1% | 7.1% |
| 净利润同比 | 22.7% | 5.3% |
| 每股收益（稀释后） | $1.00 | $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CDNSDECK
| Q1 26 | $1.3B | — | ||
| Q4 25 | $1.4B | $2.0B | ||
| Q3 25 | $1.3B | $1.4B | ||
| Q2 25 | $1.3B | $964.5M | ||
| Q1 25 | $1.2B | $1.0B | ||
| Q4 24 | $1.4B | $1.8B | ||
| Q3 24 | $1.2B | $1.3B | ||
| Q2 24 | $1.1B | $825.3M |
净利润CDNSDECK
| Q1 26 | $335.7M | — | ||
| Q4 25 | $388.1M | $481.1M | ||
| Q3 25 | $287.1M | $268.2M | ||
| Q2 25 | $160.1M | $139.2M | ||
| Q1 25 | $273.6M | $151.4M | ||
| Q4 24 | $340.2M | $456.7M | ||
| Q3 24 | $238.1M | $242.3M | ||
| Q2 24 | $229.5M | $115.6M |
毛利率CDNSDECK
| Q1 26 | — | — | ||
| 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% |
营业利润率CDNSDECK
| Q1 26 | 29.3% | — | ||
| Q4 25 | 32.2% | 31.4% | ||
| Q3 25 | 31.8% | 22.8% | ||
| Q2 25 | 19.0% | 17.1% | ||
| Q1 25 | 29.1% | 17.0% | ||
| Q4 24 | 33.7% | 31.0% | ||
| Q3 24 | 28.8% | 23.3% | ||
| Q2 24 | 27.7% | 16.1% |
净利率CDNSDECK
| Q1 26 | 22.8% | — | ||
| Q4 25 | 27.0% | 24.6% | ||
| Q3 25 | 21.4% | 18.7% | ||
| Q2 25 | 12.5% | 14.4% | ||
| Q1 25 | 22.0% | 14.8% | ||
| Q4 24 | 25.1% | 25.0% | ||
| Q3 24 | 19.6% | 18.5% | ||
| Q2 24 | 21.6% | 14.0% |
每股收益（稀释后）CDNSDECK
| Q1 26 | $1.00 | — | ||
| Q4 25 | $1.42 | $3.33 | ||
| Q3 25 | $1.05 | $1.82 | ||
| Q2 25 | $0.59 | $0.93 | ||
| Q1 25 | $1.00 | $-2.78 | ||
| Q4 24 | $1.23 | $3.00 | ||
| Q3 24 | $0.87 | $1.59 | ||
| Q2 24 | $0.84 | $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 | $2.8B | $2.1B |
| 总债务越低越好 | $2.5B | — |
| 股东权益账面价值 | $6.6B | $2.6B |
| 总资产 | $12.1B | $4.1B |
| 负债/权益比越低杠杆越低 | 0.38× | — |
8季度趋势，按日历期对齐
现金及短期投资CDNSDECK
| Q1 26 | $2.8B | — | ||
| Q4 25 | $3.2B | $2.1B | ||
| Q3 25 | $2.8B | $1.4B | ||
| Q2 25 | $2.8B | $1.7B | ||
| Q1 25 | $2.8B | $1.9B | ||
| Q4 24 | $2.8B | $2.2B | ||
| Q3 24 | $2.8B | $1.2B | ||
| Q2 24 | $1.1B | $1.4B |
总债务CDNSDECK
| Q1 26 | $2.5B | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
股东权益CDNSDECK
| Q1 26 | $6.6B | — | ||
| Q4 25 | $5.5B | $2.6B | ||
| Q3 25 | $5.2B | $2.5B | ||
| Q2 25 | $5.0B | $2.5B | ||
| Q1 25 | $4.8B | $2.5B | ||
| Q4 24 | $4.7B | $2.6B | ||
| Q3 24 | $4.6B | $2.2B | ||
| Q2 24 | $4.3B | $2.1B |
总资产CDNSDECK
| Q1 26 | $12.1B | — | ||
| Q4 25 | $10.2B | $4.1B | ||
| Q3 25 | $9.6B | $3.8B | ||
| Q2 25 | $9.5B | $3.8B | ||
| Q1 25 | $9.0B | $3.6B | ||
| Q4 24 | $9.0B | $4.0B | ||
| Q3 24 | $9.2B | $3.4B | ||
| Q2 24 | $7.2B | $3.3B |
负债/权益比CDNSDECK
| Q1 26 | 0.38× | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
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 | $355.8M | $1.0B |
| 自由现金流经营现金流 - 资本支出 | $464.0M | $1.0B |
| 自由现金流率自由现金流/营收 | 36.4% | 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 | 1.06× | 2.17× |
| 过去12个月自由现金流最近4个季度 | $1.6B | $929.1M |
8季度趋势，按日历期对齐
经营现金流CDNSDECK
| Q1 26 | $355.8M | — | ||
| Q4 25 | $553.5M | $1.0B | ||
| Q3 25 | $310.7M | $8.1M | ||
| Q2 25 | $377.6M | $36.1M | ||
| Q1 25 | $487.0M | $-73.0M | ||
| Q4 24 | $441.4M | $1.1B | ||
| Q3 24 | $410.0M | $-90.5M | ||
| Q2 24 | $156.0M | $112.7M |
自由现金流CDNSDECK
| Q1 26 | $464.0M | — | ||
| Q4 25 | $512.5M | $1.0B | ||
| Q3 25 | $277.0M | $-13.9M | ||
| Q2 25 | $333.5M | $12.2M | ||
| Q1 25 | $464.0M | $-89.4M | ||
| Q4 24 | $404.2M | $1.1B | ||
| Q3 24 | $383.5M | $-113.4M | ||
| Q2 24 | $126.8M | $90.1M |
自由现金流率CDNSDECK
| Q1 26 | 36.4% | — | ||
| Q4 25 | 35.6% | 52.1% | ||
| Q3 25 | 20.7% | -1.0% | ||
| Q2 25 | 26.1% | 1.3% | ||
| Q1 25 | 37.3% | -8.8% | ||
| Q4 24 | 29.8% | 58.6% | ||
| Q3 24 | 31.5% | -8.6% | ||
| Q2 24 | 12.0% | 10.9% |
资本支出强度CDNSDECK
| Q1 26 | 5.1% | — | ||
| Q4 25 | 2.8% | 1.1% | ||
| Q3 25 | 2.5% | 1.5% | ||
| Q2 25 | 3.5% | 2.5% | ||
| Q1 25 | 1.9% | 1.6% | ||
| Q4 24 | 2.7% | 1.3% | ||
| Q3 24 | 2.2% | 1.7% | ||
| Q2 24 | 2.8% | 2.7% |
现金转化率CDNSDECK
| Q1 26 | 1.06× | — | ||
| Q4 25 | 1.43× | 2.17× | ||
| Q3 25 | 1.08× | 0.03× | ||
| Q2 25 | 2.36× | 0.26× | ||
| Q1 25 | 1.78× | -0.48× | ||
| Q4 24 | 1.30× | 2.40× | ||
| Q3 24 | 1.72× | -0.37× | ||
| Q2 24 | 0.68× | 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
CDNS
| Product and Maintenance | $1.1B | 87% |
| Services | $131.0M | 10% |
| Other | $33.0M | 3% |
DECK
| UGG Brand Segment | $1.3B | 67% |
| Hoka Brand Segment | $628.9M | 32% |
| Other Brands Segment | $23.2M | 1% |
