vs
CNH Industrial N.V.（CNH）与Deckers Brands（DECK）财务数据对比。点击上方公司名可切换其他公司
CNH Industrial N.V.的季度营收约是Deckers Brands的2.0倍（$3.8B vs $2.0B），Deckers Brands净利率更高（24.6% vs 0.3%，领先24.3%），Deckers Brands同比增速更快（7.1% vs 0.6%），Deckers Brands自由现金流更多（$1.0B vs $-589.0M），过去两年Deckers Brands的营收复合增速更高（42.8% vs -10.7%）
CNH Industrial是意美跨国企业，全球总部位于英国巴西尔登，由跨国投资公司Exor控股，实际控制方为阿涅利家族。公司核心业务涵盖农业机械、工程设备的设计、生产及销售，覆盖全球所有主要市场，目前正重点拓展高增长市场的业务布局。
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。
CNH vs DECK — 直观对比
营收规模更大
CNH
是对方的2.0倍
$2.0B
营收增速更快
DECK
高出6.6%
0.6%
净利率更高
DECK
高出24.3%
0.3%
自由现金流更多
DECK
多$1.6B
$-589.0M
两年增速更快
DECK
近两年复合增速
-10.7%
损益表 — Q1 FY2026 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $3.8B | $2.0B |
| 净利润 | $10.0M | $481.1M |
| 毛利率 | 31.9% | 59.8% |
| 营业利润率 | 0.3% | 31.4% |
| 净利率 | 0.3% | 24.6% |
| 营收同比 | 0.6% | 7.1% |
| 净利润同比 | -17.8% | 5.3% |
| 每股收益（稀释后） | $0.01 | $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CNHDECK
| Q1 26 | $3.8B | — | ||
| Q4 25 | $4.5B | $2.0B | ||
| Q3 25 | $3.7B | $1.4B | ||
| Q2 25 | $4.0B | $964.5M | ||
| Q1 25 | $3.2B | $1.0B | ||
| Q4 24 | $4.1B | $1.8B | ||
| Q3 24 | $4.0B | $1.3B | ||
| Q2 24 | $4.8B | $825.3M |
净利润CNHDECK
| Q1 26 | $10.0M | — | ||
| Q4 25 | $86.0M | $481.1M | ||
| Q3 25 | $80.0M | $268.2M | ||
| Q2 25 | $213.0M | $139.2M | ||
| Q1 25 | $131.0M | $151.4M | ||
| Q4 24 | $106.0M | $456.7M | ||
| Q3 24 | $306.0M | $242.3M | ||
| Q2 24 | $433.0M | $115.6M |
毛利率CNHDECK
| Q1 26 | 31.9% | — | ||
| Q4 25 | 18.4% | 59.8% | ||
| Q3 25 | 19.1% | 56.2% | ||
| Q2 25 | 20.6% | 55.8% | ||
| Q1 25 | 19.0% | 56.7% | ||
| Q4 24 | 19.5% | 60.3% | ||
| Q3 24 | 21.7% | 55.9% | ||
| Q2 24 | 22.9% | 56.9% |
营业利润率CNHDECK
| Q1 26 | 0.3% | — | ||
| Q4 25 | 3.0% | 31.4% | ||
| Q3 25 | 1.4% | 22.8% | ||
| Q2 25 | 6.8% | 17.1% | ||
| Q1 25 | 5.1% | 17.0% | ||
| Q4 24 | 5.8% | 31.0% | ||
| Q3 24 | 9.6% | 23.3% | ||
| Q2 24 | 11.1% | 16.1% |
净利率CNHDECK
| Q1 26 | 0.3% | — | ||
| Q4 25 | 1.9% | 24.6% | ||
| Q3 25 | 2.2% | 18.7% | ||
| Q2 25 | 5.3% | 14.4% | ||
| Q1 25 | 4.1% | 14.8% | ||
| Q4 24 | 2.6% | 25.0% | ||
| Q3 24 | 7.7% | 18.5% | ||
| Q2 24 | 9.0% | 14.0% |
每股收益（稀释后）CNHDECK
| Q1 26 | $0.01 | — | ||
| Q4 25 | $0.08 | $3.33 | ||
| Q3 25 | $0.06 | $1.82 | ||
| Q2 25 | $0.17 | $0.93 | ||
| Q1 25 | $0.10 | $-2.78 | ||
| Q4 24 | $0.10 | $3.00 | ||
| Q3 24 | $0.24 | $1.59 | ||
| Q2 24 | $0.34 | $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 | $1.6M | $2.1B |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $7.8M | $2.6B |
| 总资产 | $42.0M | $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CNHDECK
| Q1 26 | $1.6M | — | ||
| Q4 25 | $2.6B | $2.1B | ||
| Q3 25 | $2.3B | $1.4B | ||
| Q2 25 | $2.5B | $1.7B | ||
| Q1 25 | $1.7B | $1.9B | ||
| Q4 24 | $3.2B | $2.2B | ||
| Q3 24 | $1.8B | $1.2B | ||
| Q2 24 | $2.0B | $1.4B |
股东权益CNHDECK
| Q1 26 | $7.8M | — | ||
| Q4 25 | $7.8B | $2.6B | ||
| Q3 25 | $7.8B | $2.5B | ||
| Q2 25 | $7.8B | $2.5B | ||
| Q1 25 | $7.9B | $2.5B | ||
| Q4 24 | $7.7B | $2.6B | ||
| Q3 24 | $7.7B | $2.2B | ||
| Q2 24 | $7.6B | $2.1B |
总资产CNHDECK
| Q1 26 | $42.0M | — | ||
| Q4 25 | $42.7B | $4.1B | ||
| Q3 25 | $43.3B | $3.8B | ||
| Q2 25 | $43.7B | $3.8B | ||
| Q1 25 | $42.1B | $3.6B | ||
| Q4 24 | $42.9B | $4.0B | ||
| Q3 24 | $44.0B | $3.4B | ||
| Q2 24 | $44.0B | $3.3B |
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 | $35.0M | $1.0B |
| 自由现金流经营现金流 - 资本支出 | $-589.0M | $1.0B |
| 自由现金流率自由现金流/营收 | -15.4% | 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 | 3.50× | 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CNHDECK
| Q1 26 | $35.0M | — | ||
| Q4 25 | $945.0M | $1.0B | ||
| Q3 25 | $659.0M | $8.1M | ||
| Q2 25 | $772.0M | $36.1M | ||
| Q1 25 | $162.0M | $-73.0M | ||
| Q4 24 | $1.7B | $1.1B | ||
| Q3 24 | $791.0M | $-90.5M | ||
| Q2 24 | $379.0M | $112.7M |
自由现金流CNHDECK
| Q1 26 | $-589.0M | — | ||
| Q4 25 | — | $1.0B | ||
| Q3 25 | — | $-13.9M | ||
| Q2 25 | — | $12.2M | ||
| Q1 25 | — | $-89.4M | ||
| Q4 24 | — | $1.1B | ||
| Q3 24 | — | $-113.4M | ||
| Q2 24 | — | $90.1M |
自由现金流率CNHDECK
| Q1 26 | -15.4% | — | ||
| Q4 25 | — | 52.1% | ||
| Q3 25 | — | -1.0% | ||
| Q2 25 | — | 1.3% | ||
| Q1 25 | — | -8.8% | ||
| Q4 24 | — | 58.6% | ||
| Q3 24 | — | -8.6% | ||
| Q2 24 | — | 10.9% |
资本支出强度CNHDECK
| Q1 26 | — | — | ||
| Q4 25 | — | 1.1% | ||
| Q3 25 | — | 1.5% | ||
| Q2 25 | — | 2.5% | ||
| Q1 25 | — | 1.6% | ||
| Q4 24 | — | 1.3% | ||
| Q3 24 | — | 1.7% | ||
| Q2 24 | — | 2.7% |
现金转化率CNHDECK
| Q1 26 | 3.50× | — | ||
| Q4 25 | 10.99× | 2.17× | ||
| Q3 25 | 8.24× | 0.03× | ||
| Q2 25 | 3.62× | 0.26× | ||
| Q1 25 | 1.24× | -0.48× | ||
| Q4 24 | 15.96× | 2.40× | ||
| Q3 24 | 2.58× | -0.37× | ||
| Q2 24 | 0.88× | 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
CNH
暂无分部数据
DECK
| UGG Brand Segment | $1.3B | 67% |
| Hoka Brand Segment | $628.9M | 32% |
| Other Brands Segment | $23.2M | 1% |
