vs
QWEST CORP（CTBB）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QWEST CORP的1.8倍（$2.0B vs $1.1B），Deckers Brands净利率更高（24.6% vs -187.5%，领先212.0%），Deckers Brands同比增速更快（7.1% vs -15.0%），Deckers Brands自由现金流更多（$1.0B vs $160.0M），过去两年Deckers Brands的营收复合增速更高（42.8% vs -8.6%）
奎斯特公司（以CenturyLink QC名义运营）是一家隶属于 lumen Technologies 的地区性贝尔运营公司。其前身为1911年成立的山地电话电报公司，先后更名为山地贝尔、美国西部通讯，2000年改为现名，业务整合了原Malheur Bell、西北贝尔、太平洋西北贝尔的运营资源。
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。
CTBB vs DECK — 直观对比
营收规模更大
DECK
是对方的1.8倍
$1.1B
营收增速更快
DECK
高出22.2%
-15.0%
净利率更高
DECK
高出212.0%
-187.5%
自由现金流更多
DECK
多$860.3M
$160.0M
两年增速更快
DECK
近两年复合增速
-8.6%
损益表 — Q4 FY2025 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.1B | $2.0B |
| 净利润 | $-2.1B | $481.1M |
| 毛利率 | 67.9% | 59.8% |
| 营业利润率 | -183.2% | 31.4% |
| 净利率 | -187.5% | 24.6% |
| 营收同比 | -15.0% | 7.1% |
| 净利润同比 | -627.9% | 5.3% |
| 每股收益（稀释后） | — | $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CTBBDECK
| Q4 25 | $1.1B | $2.0B | ||
| Q3 25 | $1.1B | $1.4B | ||
| Q2 25 | $1.1B | $964.5M | ||
| Q1 25 | $1.2B | $1.0B | ||
| Q4 24 | $1.3B | $1.8B | ||
| Q3 24 | $1.3B | $1.3B | ||
| Q2 24 | $1.3B | $825.3M | ||
| Q1 24 | $1.3B | $959.8M |
净利润CTBBDECK
| Q4 25 | $-2.1B | $481.1M | ||
| Q3 25 | $176.0M | $268.2M | ||
| Q2 25 | $277.0M | $139.2M | ||
| Q1 25 | $284.0M | $151.4M | ||
| Q4 24 | $391.0M | $456.7M | ||
| Q3 24 | $365.0M | $242.3M | ||
| Q2 24 | $378.0M | $115.6M | ||
| Q1 24 | $353.0M | $127.5M |
毛利率CTBBDECK
| Q4 25 | 67.9% | 59.8% | ||
| Q3 25 | 65.3% | 56.2% | ||
| Q2 25 | 68.2% | 55.8% | ||
| Q1 25 | 69.3% | 56.7% | ||
| Q4 24 | 71.2% | 60.3% | ||
| Q3 24 | 69.9% | 55.9% | ||
| Q2 24 | 71.6% | 56.9% | ||
| Q1 24 | 71.9% | 56.2% |
营业利润率CTBBDECK
| Q4 25 | -183.2% | 31.4% | ||
| Q3 25 | 22.3% | 22.8% | ||
| Q2 25 | 33.1% | 17.1% | ||
| Q1 25 | 33.7% | 17.0% | ||
| Q4 24 | 40.7% | 31.0% | ||
| Q3 24 | 38.5% | 23.3% | ||
| Q2 24 | 40.3% | 16.1% | ||
| Q1 24 | 37.6% | 15.0% |
净利率CTBBDECK
| Q4 25 | -187.5% | 24.6% | ||
| Q3 25 | 16.1% | 18.7% | ||
| Q2 25 | 24.3% | 14.4% | ||
| Q1 25 | 24.7% | 14.8% | ||
| Q4 24 | 30.2% | 25.0% | ||
| Q3 24 | 28.2% | 18.5% | ||
| Q2 24 | 28.7% | 14.0% | ||
| Q1 24 | 26.8% | 13.3% |
每股收益（稀释后）CTBBDECK
| Q4 25 | — | $3.33 | ||
| Q3 25 | — | $1.82 | ||
| Q2 25 | — | $0.93 | ||
| Q1 25 | — | $-2.78 | ||
| Q4 24 | — | $3.00 | ||
| Q3 24 | — | $1.59 | ||
| Q2 24 | — | $4.52 | ||
| Q1 24 | — | $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 | $39.0M | $2.1B |
| 总债务越低越好 | $1.7B | — |
| 股东权益账面价值 | $10.9B | $2.6B |
| 总资产 | $15.8B | $4.1B |
| 负债/权益比越低杠杆越低 | 0.15× | — |
8季度趋势，按日历期对齐
现金及短期投资CTBBDECK
| Q4 25 | $39.0M | $2.1B | ||
| Q3 25 | $36.0M | $1.4B | ||
| Q2 25 | $25.0M | $1.7B | ||
| Q1 25 | $40.0M | $1.9B | ||
| Q4 24 | $26.0M | $2.2B | ||
| Q3 24 | $22.0M | $1.2B | ||
| Q2 24 | $18.0M | $1.4B | ||
| Q1 24 | $14.0M | $1.5B |
总债务CTBBDECK
| Q4 25 | $1.7B | — | ||
| Q3 25 | $1.7B | — | ||
| Q2 25 | $1.7B | — | ||
| Q1 25 | $1.7B | — | ||
| Q4 24 | $1.7B | — | ||
| Q3 24 | $1.7B | — | ||
| Q2 24 | $1.9B | — | ||
| Q1 24 | $1.9B | — |
股东权益CTBBDECK
| Q4 25 | $10.9B | $2.6B | ||
| Q3 25 | $13.0B | $2.5B | ||
| Q2 25 | $12.8B | $2.5B | ||
| Q1 25 | $12.5B | $2.5B | ||
| Q4 24 | $12.2B | $2.6B | ||
| Q3 24 | $11.9B | $2.2B | ||
| Q2 24 | $11.5B | $2.1B | ||
| Q1 24 | $11.1B | $2.1B |
总资产CTBBDECK
| Q4 25 | $15.8B | $4.1B | ||
| Q3 25 | $17.9B | $3.8B | ||
| Q2 25 | $17.8B | $3.8B | ||
| Q1 25 | $17.6B | $3.6B | ||
| Q4 24 | $17.4B | $4.0B | ||
| Q3 24 | $17.0B | $3.4B | ||
| Q2 24 | $16.6B | $3.3B | ||
| Q1 24 | $16.4B | $3.1B |
负债/权益比CTBBDECK
| Q4 25 | 0.15× | — | ||
| Q3 25 | 0.13× | — | ||
| Q2 25 | 0.13× | — | ||
| Q1 25 | 0.13× | — | ||
| Q4 24 | 0.14× | — | ||
| Q3 24 | 0.14× | — | ||
| Q2 24 | 0.17× | — | ||
| Q1 24 | 0.17× | — |
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 | $402.0M | $1.0B |
| 自由现金流经营现金流 - 资本支出 | $160.0M | $1.0B |
| 自由现金流率自由现金流/营收 | 14.5% | 52.1% |
| 资本支出强度资本支出/营收 | 22.0% | 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 | $938.0M | $929.1M |
8季度趋势，按日历期对齐
经营现金流CTBBDECK
| Q4 25 | $402.0M | $1.0B | ||
| Q3 25 | $427.0M | $8.1M | ||
| Q2 25 | $480.0M | $36.1M | ||
| Q1 25 | $453.0M | $-73.0M | ||
| Q4 24 | $548.0M | $1.1B | ||
| Q3 24 | $627.0M | $-90.5M | ||
| Q2 24 | $548.0M | $112.7M | ||
| Q1 24 | $471.0M | $-28.7M |
自由现金流CTBBDECK
| Q4 25 | $160.0M | $1.0B | ||
| Q3 25 | $252.0M | $-13.9M | ||
| Q2 25 | $276.0M | $12.2M | ||
| Q1 25 | $250.0M | $-89.4M | ||
| Q4 24 | $277.0M | $1.1B | ||
| Q3 24 | $396.0M | $-113.4M | ||
| Q2 24 | $280.0M | $90.1M | ||
| Q1 24 | $194.0M | $-44.0M |
自由现金流率CTBBDECK
| Q4 25 | 14.5% | 52.1% | ||
| Q3 25 | 23.1% | -1.0% | ||
| Q2 25 | 24.2% | 1.3% | ||
| Q1 25 | 21.7% | -8.8% | ||
| Q4 24 | 21.4% | 58.6% | ||
| Q3 24 | 30.6% | -8.6% | ||
| Q2 24 | 21.3% | 10.9% | ||
| Q1 24 | 14.7% | -4.6% |
资本支出强度CTBBDECK
| Q4 25 | 22.0% | 1.1% | ||
| Q3 25 | 16.0% | 1.5% | ||
| Q2 25 | 17.9% | 2.5% | ||
| Q1 25 | 17.6% | 1.6% | ||
| Q4 24 | 20.9% | 1.3% | ||
| Q3 24 | 17.9% | 1.7% | ||
| Q2 24 | 20.4% | 2.7% | ||
| Q1 24 | 21.0% | 1.6% |
现金转化率CTBBDECK
| Q4 25 | — | 2.17× | ||
| Q3 25 | 2.43× | 0.03× | ||
| Q2 25 | 1.73× | 0.26× | ||
| Q1 25 | 1.60× | -0.48× | ||
| Q4 24 | 1.40× | 2.40× | ||
| Q3 24 | 1.72× | -0.37× | ||
| Q2 24 | 1.45× | 0.97× | ||
| Q1 24 | 1.33× | -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
CTBB
| Nonrelated Party | $665.0M | 60% |
| Other | $436.0M | 40% |
DECK
| UGG Brand Segment | $1.3B | 67% |
| Hoka Brand Segment | $628.9M | 32% |
| Other Brands Segment | $23.2M | 1% |
