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CLEAN HARBORS INC（CLH）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CLEAN HARBORS INC的1.3倍（$2.0B vs $1.5B），Deckers Brands净利率更高（24.6% vs 5.8%，领先18.8%），Deckers Brands同比增速更快（7.1% vs 4.8%），Deckers Brands自由现金流更多（$1.0B vs $233.3M），过去两年Deckers Brands的营收复合增速更高（42.8% vs 4.4%）
总部位于美国马萨诸塞州诺韦尔的Clean Harbors是专业的商业客户废弃物管理与工业服务提供商，主营危险废弃物的收集、运输、处理及处置业务，同时提供非危险废弃物相关服务，目前在美加两国拥有870个运营网点，及包含焚烧厂、填埋场在内的100余座废弃物处置设施。
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。
CLH 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
DECK
高出2.3%
4.8%
净利率更高
DECK
高出18.8%
5.8%
自由现金流更多
DECK
多$786.9M
$233.3M
两年增速更快
DECK
近两年复合增速
4.4%
损益表 — Q4 FY2025 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.5B | $2.0B |
| 净利润 | $86.6M | $481.1M |
| 毛利率 | 30.6% | 59.8% |
| 营业利润率 | 10.6% | 31.4% |
| 净利率 | 5.8% | 24.6% |
| 营收同比 | 4.8% | 7.1% |
| 净利润同比 | 3.1% | 5.3% |
| 每股收益（稀释后） | $1.62 | $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CLHDECK
| Q4 25 | $1.5B | $2.0B | ||
| Q3 25 | $1.5B | $1.4B | ||
| Q2 25 | $1.5B | $964.5M | ||
| Q1 25 | $1.4B | $1.0B | ||
| Q4 24 | $1.4B | $1.8B | ||
| Q3 24 | $1.5B | $1.3B | ||
| Q2 24 | $1.6B | $825.3M | ||
| Q1 24 | $1.4B | $959.8M |
净利润CLHDECK
| Q4 25 | $86.6M | $481.1M | ||
| Q3 25 | $118.8M | $268.2M | ||
| Q2 25 | $126.9M | $139.2M | ||
| Q1 25 | $58.7M | $151.4M | ||
| Q4 24 | $84.0M | $456.7M | ||
| Q3 24 | $115.2M | $242.3M | ||
| Q2 24 | $133.3M | $115.6M | ||
| Q1 24 | $69.8M | $127.5M |
毛利率CLHDECK
| Q4 25 | 30.6% | 59.8% | ||
| Q3 25 | 32.3% | 56.2% | ||
| Q2 25 | 33.3% | 55.8% | ||
| Q1 25 | 28.6% | 56.7% | ||
| Q4 24 | 29.9% | 60.3% | ||
| Q3 24 | 31.0% | 55.9% | ||
| Q2 24 | 33.3% | 56.9% | ||
| Q1 24 | 29.5% | 56.2% |
营业利润率CLHDECK
| Q4 25 | 10.6% | 31.4% | ||
| Q3 25 | 12.5% | 22.8% | ||
| Q2 25 | 13.6% | 17.1% | ||
| Q1 25 | 7.8% | 17.0% | ||
| Q4 24 | 9.6% | 31.0% | ||
| Q3 24 | 12.6% | 23.3% | ||
| Q2 24 | 13.9% | 16.1% | ||
| Q1 24 | 9.1% | 15.0% |
净利率CLHDECK
| Q4 25 | 5.8% | 24.6% | ||
| Q3 25 | 7.7% | 18.7% | ||
| Q2 25 | 8.2% | 14.4% | ||
| Q1 25 | 4.1% | 14.8% | ||
| Q4 24 | 5.9% | 25.0% | ||
| Q3 24 | 7.5% | 18.5% | ||
| Q2 24 | 8.6% | 14.0% | ||
| Q1 24 | 5.1% | 13.3% |
每股收益（稀释后）CLHDECK
| Q4 25 | $1.62 | $3.33 | ||
| Q3 25 | $2.21 | $1.82 | ||
| Q2 25 | $2.36 | $0.93 | ||
| Q1 25 | $1.09 | $-2.78 | ||
| Q4 24 | $1.55 | $3.00 | ||
| Q3 24 | $2.12 | $1.59 | ||
| Q2 24 | $2.46 | $4.52 | ||
| Q1 24 | $1.29 | $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 | $127.4M | $2.1B |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $2.7B | $2.6B |
| 总资产 | $7.6B | $4.1B |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
现金及短期投资CLHDECK
| Q4 25 | $127.4M | $2.1B | ||
| Q3 25 | $91.2M | $1.4B | ||
| Q2 25 | $98.9M | $1.7B | ||
| Q1 25 | $105.9M | $1.9B | ||
| Q4 24 | $102.6M | $2.2B | ||
| Q3 24 | $82.4M | $1.2B | ||
| Q2 24 | $91.3M | $1.4B | ||
| Q1 24 | $104.8M | $1.5B |
股东权益CLHDECK
| Q4 25 | $2.7B | $2.6B | ||
| Q3 25 | $2.8B | $2.5B | ||
| Q2 25 | $2.7B | $2.5B | ||
| Q1 25 | $2.6B | $2.5B | ||
| Q4 24 | $2.6B | $2.6B | ||
| Q3 24 | $2.5B | $2.2B | ||
| Q2 24 | $2.4B | $2.1B | ||
| Q1 24 | $2.3B | $2.1B |
总资产CLHDECK
| Q4 25 | $7.6B | $4.1B | ||
| Q3 25 | $7.5B | $3.8B | ||
| Q2 25 | $7.4B | $3.8B | ||
| Q1 25 | $7.2B | $3.6B | ||
| Q4 24 | $7.4B | $4.0B | ||
| Q3 24 | $7.3B | $3.4B | ||
| Q2 24 | $7.1B | $3.3B | ||
| Q1 24 | $6.9B | $3.1B |
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 | $355.1M | $1.0B |
| 自由现金流经营现金流 - 资本支出 | $233.3M | $1.0B |
| 自由现金流率自由现金流/营收 | 15.6% | 52.1% |
| 资本支出强度资本支出/营收 | 8.1% | 1.1% |
| 现金转化率经营现金流/净利润 | 4.10× | 2.17× |
| 过去12个月自由现金流最近4个季度 | $441.8M | $929.1M |
8季度趋势，按日历期对齐
经营现金流CLHDECK
| Q4 25 | $355.1M | $1.0B | ||
| Q3 25 | $302.0M | $8.1M | ||
| Q2 25 | $208.0M | $36.1M | ||
| Q1 25 | $1.6M | $-73.0M | ||
| Q4 24 | $303.9M | $1.1B | ||
| Q3 24 | $239.2M | $-90.5M | ||
| Q2 24 | $216.0M | $112.7M | ||
| Q1 24 | $18.5M | $-28.7M |
自由现金流CLHDECK
| Q4 25 | $233.3M | $1.0B | ||
| Q3 25 | $207.5M | $-13.9M | ||
| Q2 25 | $118.0M | $12.2M | ||
| Q1 25 | $-117.1M | $-89.4M | ||
| Q4 24 | $241.5M | $1.1B | ||
| Q3 24 | $142.4M | $-113.4M | ||
| Q2 24 | $80.9M | $90.1M | ||
| Q1 24 | $-119.4M | $-44.0M |
自由现金流率CLHDECK
| Q4 25 | 15.6% | 52.1% | ||
| Q3 25 | 13.4% | -1.0% | ||
| Q2 25 | 7.6% | 1.3% | ||
| Q1 25 | -8.2% | -8.8% | ||
| Q4 24 | 16.9% | 58.6% | ||
| Q3 24 | 9.3% | -8.6% | ||
| Q2 24 | 5.2% | 10.9% | ||
| Q1 24 | -8.7% | -4.6% |
资本支出强度CLHDECK
| Q4 25 | 8.1% | 1.1% | ||
| Q3 25 | 6.1% | 1.5% | ||
| Q2 25 | 5.8% | 2.5% | ||
| Q1 25 | 8.3% | 1.6% | ||
| Q4 24 | 4.4% | 1.3% | ||
| Q3 24 | 6.3% | 1.7% | ||
| Q2 24 | 8.7% | 2.7% | ||
| Q1 24 | 10.0% | 1.6% |
现金转化率CLHDECK
| Q4 25 | 4.10× | 2.17× | ||
| Q3 25 | 2.54× | 0.03× | ||
| Q2 25 | 1.64× | 0.26× | ||
| Q1 25 | 0.03× | -0.48× | ||
| Q4 24 | 3.62× | 2.40× | ||
| Q3 24 | 2.08× | -0.37× | ||
| Q2 24 | 1.62× | 0.97× | ||
| Q1 24 | 0.27× | -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
CLH
| Technical Services | $479.3M | 32% |
| Safetly Kleen Environmental Services | $252.9M | 17% |
| Fieldand Emergency Response | $246.6M | 16% |
| Products | $205.3M | 14% |
| Safety Kleen Sustainability Solutions Segment | $188.4M | 13% |
| Safety Kleen Oil | $132.6M | 9% |
DECK
| UGG Brand Segment | $1.3B | 67% |
| Hoka Brand Segment | $628.9M | 32% |
| Other Brands Segment | $23.2M | 1% |
