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科蒂（COTY）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的季度营收约是科蒂的1.2倍（$2.0B vs $1.7B），Deckers Brands净利率更高（24.6% vs -7.4%，领先31.9%），Deckers Brands同比增速更快（7.1% vs 0.5%），Deckers Brands自由现金流更多（$1.0B vs $513.1M），过去两年Deckers Brands的营收复合增速更高（42.8% vs 10.1%）
科蒂是1904年由弗朗索瓦·科蒂在巴黎创立的跨国美妆企业，现注册地为美国特拉华州，全球总部位于荷兰阿姆斯特丹。旗下业务覆盖香水、彩妆、护肤、美甲产品以及专业线和零售线护发产品的研发、生产、营销与分销，截至2024年共拥有约40个品牌。
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。
COTY vs DECK — 直观对比
营收规模更大
DECK
是对方的1.2倍
$1.7B
营收增速更快
DECK
高出6.6%
0.5%
净利率更高
DECK
高出31.9%
-7.4%
自由现金流更多
DECK
多$507.2M
$513.1M
两年增速更快
DECK
近两年复合增速
10.1%
损益表 — Q2 FY2026 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.7B | $2.0B |
| 净利润 | $-123.6M | $481.1M |
| 毛利率 | 63.8% | 59.8% |
| 营业利润率 | 8.8% | 31.4% |
| 净利率 | -7.4% | 24.6% |
| 营收同比 | 0.5% | 7.1% |
| 净利润同比 | -621.5% | 5.3% |
| 每股收益（稀释后） | $-0.14 | $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COTYDECK
| Q4 25 | $1.7B | $2.0B | ||
| Q3 25 | $1.6B | $1.4B | ||
| Q2 25 | $1.3B | $964.5M | ||
| Q1 25 | $1.3B | $1.0B | ||
| Q4 24 | $1.7B | $1.8B | ||
| Q3 24 | $1.7B | $1.3B | ||
| Q2 24 | $1.4B | $825.3M | ||
| Q1 24 | $1.4B | $959.8M |
净利润COTYDECK
| Q4 25 | $-123.6M | $481.1M | ||
| Q3 25 | $67.9M | $268.2M | ||
| Q2 25 | $-68.8M | $139.2M | ||
| Q1 25 | $-405.7M | $151.4M | ||
| Q4 24 | $23.7M | $456.7M | ||
| Q3 24 | $82.9M | $242.3M | ||
| Q2 24 | $-96.9M | $115.6M | ||
| Q1 24 | $3.8M | $127.5M |
毛利率COTYDECK
| Q4 25 | 63.8% | 59.8% | ||
| Q3 25 | 64.5% | 56.2% | ||
| Q2 25 | 62.3% | 55.8% | ||
| Q1 25 | 64.1% | 56.7% | ||
| Q4 24 | 66.7% | 60.3% | ||
| Q3 24 | 65.5% | 55.9% | ||
| Q2 24 | 64.2% | 56.9% | ||
| Q1 24 | 64.8% | 56.2% |
营业利润率COTYDECK
| Q4 25 | 8.8% | 31.4% | ||
| Q3 25 | 11.7% | 22.8% | ||
| Q2 25 | 1.2% | 17.1% | ||
| Q1 25 | -21.6% | 17.0% | ||
| Q4 24 | 16.1% | 31.0% | ||
| Q3 24 | 14.2% | 23.3% | ||
| Q2 24 | 2.5% | 16.1% | ||
| Q1 24 | 5.6% | 15.0% |
净利率COTYDECK
| Q4 25 | -7.4% | 24.6% | ||
| Q3 25 | 4.3% | 18.7% | ||
| Q2 25 | -5.5% | 14.4% | ||
| Q1 25 | -31.2% | 14.8% | ||
| Q4 24 | 1.4% | 25.0% | ||
| Q3 24 | 5.0% | 18.5% | ||
| Q2 24 | -7.1% | 14.0% | ||
| Q1 24 | 0.3% | 13.3% |
每股收益（稀释后）COTYDECK
| Q4 25 | $-0.14 | $3.33 | ||
| Q3 25 | $0.07 | $1.82 | ||
| Q2 25 | $-0.08 | $0.93 | ||
| Q1 25 | $-0.47 | $-2.78 | ||
| Q4 24 | $0.02 | $3.00 | ||
| Q3 24 | $0.09 | $1.59 | ||
| Q2 24 | $-0.11 | $4.52 | ||
| Q1 24 | $0.00 | $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 | $436.7M | $2.1B |
| 总债务越低越好 | $3.0B | — |
| 股东权益账面价值 | $3.5B | $2.6B |
| 总资产 | $11.1B | $4.1B |
| 负债/权益比越低杠杆越低 | 0.85× | — |
8季度趋势，按日历期对齐
现金及短期投资COTYDECK
| Q4 25 | $436.7M | $2.1B | ||
| Q3 25 | $264.6M | $1.4B | ||
| Q2 25 | $257.1M | $1.7B | ||
| Q1 25 | $243.5M | $1.9B | ||
| Q4 24 | $249.6M | $2.2B | ||
| Q3 24 | $283.6M | $1.2B | ||
| Q2 24 | $300.8M | $1.4B | ||
| Q1 24 | $260.2M | $1.5B |
总债务COTYDECK
| Q4 25 | $3.0B | — | ||
| Q3 25 | $4.0B | — | ||
| Q2 25 | $4.0B | — | ||
| Q1 25 | $3.8B | — | ||
| Q4 24 | $3.4B | — | ||
| Q3 24 | $3.9B | — | ||
| Q2 24 | $3.8B | — | ||
| Q1 24 | $3.9B | — |
股东权益COTYDECK
| Q4 25 | $3.5B | $2.6B | ||
| Q3 25 | $3.6B | $2.5B | ||
| Q2 25 | $3.5B | $2.5B | ||
| Q1 25 | $3.5B | $2.5B | ||
| Q4 24 | $3.8B | $2.6B | ||
| Q3 24 | $4.0B | $2.2B | ||
| Q2 24 | $3.8B | $2.1B | ||
| Q1 24 | $4.0B | $2.1B |
总资产COTYDECK
| Q4 25 | $11.1B | $4.1B | ||
| Q3 25 | $12.1B | $3.8B | ||
| Q2 25 | $11.9B | $3.8B | ||
| Q1 25 | $11.5B | $3.6B | ||
| Q4 24 | $11.7B | $4.0B | ||
| Q3 24 | $12.5B | $3.4B | ||
| Q2 24 | $12.1B | $3.3B | ||
| Q1 24 | $12.3B | $3.1B |
负债/权益比COTYDECK
| Q4 25 | 0.85× | — | ||
| Q3 25 | 1.10× | — | ||
| Q2 25 | 1.12× | — | ||
| Q1 25 | 1.09× | — | ||
| Q4 24 | 0.89× | — | ||
| Q3 24 | 0.97× | — | ||
| Q2 24 | 1.00× | — | ||
| Q1 24 | 0.98× | — |
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 | $559.7M | $1.0B |
| 自由现金流经营现金流 - 资本支出 | $513.1M | $1.0B |
| 自由现金流率自由现金流/营收 | 30.6% | 52.1% |
| 资本支出强度资本支出/营收 | 2.8% | 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 | $390.8M | $929.1M |
8季度趋势，按日历期对齐
经营现金流COTYDECK
| Q4 25 | $559.7M | $1.0B | ||
| Q3 25 | $65.2M | $8.1M | ||
| Q2 25 | $83.2M | $36.1M | ||
| Q1 25 | $-122.5M | $-73.0M | ||
| Q4 24 | $464.5M | $1.1B | ||
| Q3 24 | $67.4M | $-90.5M | ||
| Q2 24 | $176.5M | $112.7M | ||
| Q1 24 | $-170.0M | $-28.7M |
自由现金流COTYDECK
| Q4 25 | $513.1M | $1.0B | ||
| Q3 25 | $11.2M | $-13.9M | ||
| Q2 25 | $34.9M | $12.2M | ||
| Q1 25 | $-168.4M | $-89.4M | ||
| Q4 24 | $419.0M | $1.1B | ||
| Q3 24 | $-7.9M | $-113.4M | ||
| Q2 24 | $116.7M | $90.1M | ||
| Q1 24 | $-234.3M | $-44.0M |
自由现金流率COTYDECK
| Q4 25 | 30.6% | 52.1% | ||
| Q3 25 | 0.7% | -1.0% | ||
| Q2 25 | 2.8% | 1.3% | ||
| Q1 25 | -13.0% | -8.8% | ||
| Q4 24 | 25.1% | 58.6% | ||
| Q3 24 | -0.5% | -8.6% | ||
| Q2 24 | 8.6% | 10.9% | ||
| Q1 24 | -16.9% | -4.6% |
资本支出强度COTYDECK
| Q4 25 | 2.8% | 1.1% | ||
| Q3 25 | 3.4% | 1.5% | ||
| Q2 25 | 3.9% | 2.5% | ||
| Q1 25 | 3.5% | 1.6% | ||
| Q4 24 | 2.7% | 1.3% | ||
| Q3 24 | 4.5% | 1.7% | ||
| Q2 24 | 4.4% | 2.7% | ||
| Q1 24 | 4.6% | 1.6% |
现金转化率COTYDECK
| Q4 25 | — | 2.17× | ||
| Q3 25 | 0.96× | 0.03× | ||
| Q2 25 | — | 0.26× | ||
| Q1 25 | — | -0.48× | ||
| Q4 24 | 19.60× | 2.40× | ||
| Q3 24 | 0.81× | -0.37× | ||
| Q2 24 | — | 0.97× | ||
| Q1 24 | -44.74× | -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
COTY
| Prestige | $1.1B | 68% |
| Consumer Beauty | $545.0M | 32% |
DECK
| UGG Brand Segment | $1.3B | 67% |
| Hoka Brand Segment | $628.9M | 32% |
| Other Brands Segment | $23.2M | 1% |
