vs
C.H. Robinson（CHRW）与Deckers Brands（DECK）财务数据对比。点击上方公司名可切换其他公司
C.H. Robinson的季度营收约是Deckers Brands的2.0倍（$3.9B vs $2.0B），Deckers Brands净利率更高（24.6% vs 3.5%，领先21.1%），Deckers Brands同比增速更快（7.1% vs -6.5%），Deckers Brands自由现金流更多（$1.0B vs $302.4M），过去两年Deckers Brands的营收复合增速更高（42.8% vs -5.8%）
C.H. Robinson是美国知名第三方物流与运输服务企业，业务涵盖货运代理、运输管理、中介经纪及仓储服务，可提供整车、零担、空运、多式联运、海运等多种运输解决方案，满足全球客户差异化物流需求。
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。
CHRW vs DECK — 直观对比
营收规模更大
CHRW
是对方的2.0倍
$2.0B
营收增速更快
DECK
高出13.6%
-6.5%
净利率更高
DECK
高出21.1%
3.5%
自由现金流更多
DECK
多$717.9M
$302.4M
两年增速更快
DECK
近两年复合增速
-5.8%
损益表 — Q4 FY2025 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $3.9B | $2.0B |
| 净利润 | $136.3M | $481.1M |
| 毛利率 | — | 59.8% |
| 营业利润率 | 4.6% | 31.4% |
| 净利率 | 3.5% | 24.6% |
| 营收同比 | -6.5% | 7.1% |
| 净利润同比 | -8.7% | 5.3% |
| 每股收益（稀释后） | $1.12 | $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CHRWDECK
| Q4 25 | $3.9B | $2.0B | ||
| Q3 25 | $4.1B | $1.4B | ||
| Q2 25 | $4.1B | $964.5M | ||
| Q1 25 | $4.0B | $1.0B | ||
| Q4 24 | $4.2B | $1.8B | ||
| Q3 24 | $4.6B | $1.3B | ||
| Q2 24 | $4.5B | $825.3M | ||
| Q1 24 | $4.4B | $959.8M |
净利润CHRWDECK
| Q4 25 | $136.3M | $481.1M | ||
| Q3 25 | $163.0M | $268.2M | ||
| Q2 25 | $152.5M | $139.2M | ||
| Q1 25 | $135.3M | $151.4M | ||
| Q4 24 | $149.3M | $456.7M | ||
| Q3 24 | $97.2M | $242.3M | ||
| Q2 24 | $126.3M | $115.6M | ||
| Q1 24 | $92.9M | $127.5M |
毛利率CHRWDECK
| 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CHRWDECK
| Q4 25 | 4.6% | 31.4% | ||
| Q3 25 | 5.3% | 22.8% | ||
| Q2 25 | 5.2% | 17.1% | ||
| Q1 25 | 4.4% | 17.0% | ||
| Q4 24 | 4.4% | 31.0% | ||
| Q3 24 | 3.9% | 23.3% | ||
| Q2 24 | 4.0% | 16.1% | ||
| Q1 24 | 2.9% | 15.0% |
净利率CHRWDECK
| Q4 25 | 3.5% | 24.6% | ||
| Q3 25 | 3.9% | 18.7% | ||
| Q2 25 | 3.7% | 14.4% | ||
| Q1 25 | 3.3% | 14.8% | ||
| Q4 24 | 3.6% | 25.0% | ||
| Q3 24 | 2.1% | 18.5% | ||
| Q2 24 | 2.8% | 14.0% | ||
| Q1 24 | 2.1% | 13.3% |
每股收益（稀释后）CHRWDECK
| Q4 25 | $1.12 | $3.33 | ||
| Q3 25 | $1.34 | $1.82 | ||
| Q2 25 | $1.26 | $0.93 | ||
| Q1 25 | $1.11 | $-2.78 | ||
| Q4 24 | $1.23 | $3.00 | ||
| Q3 24 | $0.80 | $1.59 | ||
| Q2 24 | $1.05 | $4.52 | ||
| Q1 24 | $0.78 | $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 | $160.9M | $2.1B |
| 总债务越低越好 | $1.1B | — |
| 股东权益账面价值 | $1.8B | $2.6B |
| 总资产 | $5.1B | $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CHRWDECK
| Q4 25 | $160.9M | $2.1B | ||
| Q3 25 | $136.8M | $1.4B | ||
| Q2 25 | $156.0M | $1.7B | ||
| Q1 25 | $129.9M | $1.9B | ||
| Q4 24 | $145.8M | $2.2B | ||
| Q3 24 | $131.7M | $1.2B | ||
| Q2 24 | $113.2M | $1.4B | ||
| Q1 24 | $121.8M | $1.5B |
总债务CHRWDECK
| Q4 25 | $1.1B | — | ||
| Q3 25 | $1.2B | — | ||
| Q2 25 | $1.4B | — | ||
| Q1 25 | $1.4B | — | ||
| Q4 24 | $1.4B | — | ||
| Q3 24 | $1.6B | — | ||
| Q2 24 | $1.6B | — | ||
| Q1 24 | $1.7B | — |
股东权益CHRWDECK
| Q4 25 | $1.8B | $2.6B | ||
| Q3 25 | $1.9B | $2.5B | ||
| Q2 25 | $1.8B | $2.5B | ||
| Q1 25 | $1.7B | $2.5B | ||
| Q4 24 | $1.7B | $2.6B | ||
| Q3 24 | $1.6B | $2.2B | ||
| Q2 24 | $1.5B | $2.1B | ||
| Q1 24 | $1.4B | $2.1B |
总资产CHRWDECK
| Q4 25 | $5.1B | $4.1B | ||
| Q3 25 | $5.2B | $3.8B | ||
| Q2 25 | $5.3B | $3.8B | ||
| Q1 25 | $5.2B | $3.6B | ||
| Q4 24 | $5.3B | $4.0B | ||
| Q3 24 | $5.6B | $3.4B | ||
| Q2 24 | $5.5B | $3.3B | ||
| Q1 24 | $5.5B | $3.1B |
负债/权益比CHRWDECK
| Q4 25 | 0.59× | — | ||
| Q3 25 | 0.64× | — | ||
| Q2 25 | 0.76× | — | ||
| Q1 25 | 0.80× | — | ||
| Q4 24 | 0.80× | — | ||
| Q3 24 | 0.95× | — | ||
| Q2 24 | 1.07× | — | ||
| Q1 24 | 1.19× | — |
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 | $305.4M | $1.0B |
| 自由现金流经营现金流 - 资本支出 | $302.4M | $1.0B |
| 自由现金流率自由现金流/营收 | 7.7% | 52.1% |
| 资本支出强度资本支出/营收 | 0.1% | 1.1% |
| 现金转化率经营现金流/净利润 | 2.24× | 2.17× |
| 过去12个月自由现金流最近4个季度 | $894.9M | $929.1M |
8季度趋势，按日历期对齐
经营现金流CHRWDECK
| Q4 25 | $305.4M | $1.0B | ||
| Q3 25 | $275.4M | $8.1M | ||
| Q2 25 | $227.1M | $36.1M | ||
| Q1 25 | $106.5M | $-73.0M | ||
| Q4 24 | $267.9M | $1.1B | ||
| Q3 24 | $108.1M | $-90.5M | ||
| Q2 24 | $166.4M | $112.7M | ||
| Q1 24 | $-33.3M | $-28.7M |
自由现金流CHRWDECK
| Q4 25 | $302.4M | $1.0B | ||
| Q3 25 | $269.5M | $-13.9M | ||
| Q2 25 | $219.8M | $12.2M | ||
| Q1 25 | $103.2M | $-89.4M | ||
| Q4 24 | $265.3M | $1.1B | ||
| Q3 24 | $103.3M | $-113.4M | ||
| Q2 24 | $159.8M | $90.1M | ||
| Q1 24 | $-41.9M | $-44.0M |
自由现金流率CHRWDECK
| Q4 25 | 7.7% | 52.1% | ||
| Q3 25 | 6.5% | -1.0% | ||
| Q2 25 | 5.3% | 1.3% | ||
| Q1 25 | 2.5% | -8.8% | ||
| Q4 24 | 6.3% | 58.6% | ||
| Q3 24 | 2.2% | -8.6% | ||
| Q2 24 | 3.6% | 10.9% | ||
| Q1 24 | -1.0% | -4.6% |
资本支出强度CHRWDECK
| Q4 25 | 0.1% | 1.1% | ||
| Q3 25 | 0.1% | 1.5% | ||
| Q2 25 | 0.2% | 2.5% | ||
| Q1 25 | 0.1% | 1.6% | ||
| Q4 24 | 0.1% | 1.3% | ||
| Q3 24 | 0.1% | 1.7% | ||
| Q2 24 | 0.1% | 2.7% | ||
| Q1 24 | 0.2% | 1.6% |
现金转化率CHRWDECK
| Q4 25 | 2.24× | 2.17× | ||
| Q3 25 | 1.69× | 0.03× | ||
| Q2 25 | 1.49× | 0.26× | ||
| Q1 25 | 0.79× | -0.48× | ||
| Q4 24 | 1.79× | 2.40× | ||
| Q3 24 | 1.11× | -0.37× | ||
| Q2 24 | 1.32× | 0.97× | ||
| Q1 24 | -0.36× | -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
CHRW
| North American Service Transportation NAST | $2.8B | 72% |
| Global Forwarding | $731.0M | 19% |
| Sourcing | $340.9M | 9% |
DECK
| UGG Brand Segment | $1.3B | 67% |
| Hoka Brand Segment | $628.9M | 32% |
| Other Brands Segment | $23.2M | 1% |
