vs
德纳（DAN）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的季度营收约是德纳的1.5倍（$2.0B vs $1.3B），Deckers Brands净利率更高（24.6% vs -3.9%，领先28.4%），Deckers Brands同比增速更快（7.1% vs -44.5%），Deckers Brands自由现金流更多（$1.0B vs $345.0M），过去两年Deckers Brands的营收复合增速更高（42.8% vs -31.2%）
德纳（Dana Inc.）是美国知名汽车零部件供应商，创立于1904年，总部位于俄亥俄州莫米。公司为传统燃油车、混合动力车及电动车提供车桥、传动轴，以及电驱动、热管理、密封、数字设备等产品，服务于轻型车、商用车市场，业务遍及33个国家，员工近2.8万人，2022年销售额达102亿美元，位列财富世界500强。
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。
DAN vs DECK — 直观对比
营收规模更大
DECK
是对方的1.5倍
$1.3B
营收增速更快
DECK
高出51.6%
-44.5%
净利率更高
DECK
高出28.4%
-3.9%
自由现金流更多
DECK
多$675.3M
$345.0M
两年增速更快
DECK
近两年复合增速
-31.2%
损益表 — Q4 FY2025 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.3B | $2.0B |
| 净利润 | $-50.0M | $481.1M |
| 毛利率 | 6.0% | 59.8% |
| 营业利润率 | -0.2% | 31.4% |
| 净利率 | -3.9% | 24.6% |
| 营收同比 | -44.5% | 7.1% |
| 净利润同比 | 37.5% | 5.3% |
| 每股收益（稀释后） | $-0.36 | $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DANDECK
| Q4 25 | $1.3B | $2.0B | ||
| Q3 25 | $1.9B | $1.4B | ||
| Q2 25 | $1.9B | $964.5M | ||
| Q1 25 | $2.4B | $1.0B | ||
| Q4 24 | $2.3B | $1.8B | ||
| Q3 24 | $2.5B | $1.3B | ||
| Q2 24 | $2.7B | $825.3M | ||
| Q1 24 | $2.7B | $959.8M |
净利润DANDECK
| Q4 25 | $-50.0M | $481.1M | ||
| Q3 25 | $83.0M | $268.2M | ||
| Q2 25 | $27.0M | $139.2M | ||
| Q1 25 | $25.0M | $151.4M | ||
| Q4 24 | $-80.0M | $456.7M | ||
| Q3 24 | $4.0M | $242.3M | ||
| Q2 24 | $16.0M | $115.6M | ||
| Q1 24 | $3.0M | $127.5M |
毛利率DANDECK
| Q4 25 | 6.0% | 59.8% | ||
| Q3 25 | 8.7% | 56.2% | ||
| Q2 25 | 7.1% | 55.8% | ||
| Q1 25 | 9.4% | 56.7% | ||
| Q4 24 | 5.7% | 60.3% | ||
| Q3 24 | 9.9% | 55.9% | ||
| Q2 24 | 9.3% | 56.9% | ||
| Q1 24 | 8.9% | 56.2% |
营业利润率DANDECK
| Q4 25 | -0.2% | 31.4% | ||
| Q3 25 | 2.8% | 22.8% | ||
| Q2 25 | 0.8% | 17.1% | ||
| Q1 25 | 3.1% | 17.0% | ||
| Q4 24 | -1.5% | 31.0% | ||
| Q3 24 | 3.6% | 23.3% | ||
| Q2 24 | 3.8% | 16.1% | ||
| Q1 24 | 2.6% | 15.0% |
净利率DANDECK
| Q4 25 | -3.9% | 24.6% | ||
| Q3 25 | 4.3% | 18.7% | ||
| Q2 25 | 1.4% | 14.4% | ||
| Q1 25 | 1.1% | 14.8% | ||
| Q4 24 | -3.4% | 25.0% | ||
| Q3 24 | 0.2% | 18.5% | ||
| Q2 24 | 0.6% | 14.0% | ||
| Q1 24 | 0.1% | 13.3% |
每股收益（稀释后）DANDECK
| Q4 25 | $-0.36 | $3.33 | ||
| Q3 25 | $0.64 | $1.82 | ||
| Q2 25 | $0.19 | $0.93 | ||
| Q1 25 | $0.17 | $-2.78 | ||
| Q4 24 | $-0.55 | $3.00 | ||
| Q3 24 | $0.03 | $1.59 | ||
| Q2 24 | $0.11 | $4.52 | ||
| Q1 24 | $0.02 | $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 | $469.0M | $2.1B |
| 总债务越低越好 | $2.6B | — |
| 股东权益账面价值 | $840.0M | $2.6B |
| 总资产 | $7.8B | $4.1B |
| 负债/权益比越低杠杆越低 | 3.05× | — |
8季度趋势，按日历期对齐
现金及短期投资DANDECK
| Q4 25 | $469.0M | $2.1B | ||
| Q3 25 | $414.0M | $1.4B | ||
| Q2 25 | $486.0M | $1.7B | ||
| Q1 25 | $507.0M | $1.9B | ||
| Q4 24 | $494.0M | $2.2B | ||
| Q3 24 | $419.0M | $1.2B | ||
| Q2 24 | $419.0M | $1.4B | ||
| Q1 24 | $351.0M | $1.5B |
总债务DANDECK
| Q4 25 | $2.6B | — | ||
| Q3 25 | $2.6B | — | ||
| Q2 25 | $2.6B | — | ||
| Q1 25 | $2.4B | — | ||
| Q4 24 | $2.4B | — | ||
| Q3 24 | $2.4B | — | ||
| Q2 24 | $2.4B | — | ||
| Q1 24 | $2.6B | — |
股东权益DANDECK
| Q4 25 | $840.0M | $2.6B | ||
| Q3 25 | $1.1B | $2.5B | ||
| Q2 25 | $1.2B | $2.5B | ||
| Q1 25 | $1.4B | $2.5B | ||
| Q4 24 | $1.3B | $2.6B | ||
| Q3 24 | $1.5B | $2.2B | ||
| Q2 24 | $1.5B | $2.1B | ||
| Q1 24 | $1.5B | $2.1B |
总资产DANDECK
| Q4 25 | $7.8B | $4.1B | ||
| Q3 25 | $8.1B | $3.8B | ||
| Q2 25 | $8.1B | $3.8B | ||
| Q1 25 | $7.8B | $3.6B | ||
| Q4 24 | $7.5B | $4.0B | ||
| Q3 24 | $7.9B | $3.4B | ||
| Q2 24 | $7.8B | $3.3B | ||
| Q1 24 | $7.9B | $3.1B |
负债/权益比DANDECK
| Q4 25 | 3.05× | — | ||
| Q3 25 | 2.35× | — | ||
| Q2 25 | 2.13× | — | ||
| Q1 25 | 1.76× | — | ||
| Q4 24 | 1.79× | — | ||
| Q3 24 | 1.65× | — | ||
| Q2 24 | 1.62× | — | ||
| Q1 24 | 1.68× | — |
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 | $406.0M | $1.0B |
| 自由现金流经营现金流 - 资本支出 | $345.0M | $1.0B |
| 自由现金流率自由现金流/营收 | 26.6% | 52.1% |
| 资本支出强度资本支出/营收 | 4.7% | 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 | $298.0M | $929.1M |
8季度趋势，按日历期对齐
经营现金流DANDECK
| Q4 25 | $406.0M | $1.0B | ||
| Q3 25 | $111.0M | $8.1M | ||
| Q2 25 | $32.0M | $36.1M | ||
| Q1 25 | $-37.0M | $-73.0M | ||
| Q4 24 | $302.0M | $1.1B | ||
| Q3 24 | $35.0M | $-90.5M | ||
| Q2 24 | $215.0M | $112.7M | ||
| Q1 24 | $-102.0M | $-28.7M |
自由现金流DANDECK
| Q4 25 | $345.0M | $1.0B | ||
| Q3 25 | $62.0M | $-13.9M | ||
| Q2 25 | $3.0M | $12.2M | ||
| Q1 25 | $-112.0M | $-89.4M | ||
| Q4 24 | $149.0M | $1.1B | ||
| Q3 24 | $-11.0M | $-113.4M | ||
| Q2 24 | $104.0M | $90.1M | ||
| Q1 24 | $-172.0M | $-44.0M |
自由现金流率DANDECK
| Q4 25 | 26.6% | 52.1% | ||
| Q3 25 | 3.2% | -1.0% | ||
| Q2 25 | 0.2% | 1.3% | ||
| Q1 25 | -4.8% | -8.8% | ||
| Q4 24 | 6.4% | 58.6% | ||
| Q3 24 | -0.4% | -8.6% | ||
| Q2 24 | 3.8% | 10.9% | ||
| Q1 24 | -6.3% | -4.6% |
资本支出强度DANDECK
| Q4 25 | 4.7% | 1.1% | ||
| Q3 25 | 2.6% | 1.5% | ||
| Q2 25 | 1.5% | 2.5% | ||
| Q1 25 | 3.2% | 1.6% | ||
| Q4 24 | 6.6% | 1.3% | ||
| Q3 24 | 1.9% | 1.7% | ||
| Q2 24 | 4.1% | 2.7% | ||
| Q1 24 | 2.6% | 1.6% |
现金转化率DANDECK
| Q4 25 | — | 2.17× | ||
| Q3 25 | 1.34× | 0.03× | ||
| Q2 25 | 1.19× | 0.26× | ||
| Q1 25 | -1.48× | -0.48× | ||
| Q4 24 | — | 2.40× | ||
| Q3 24 | 8.75× | -0.37× | ||
| Q2 24 | 13.44× | 0.97× | ||
| Q1 24 | -34.00× | -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
DAN
| Light Vehicle Segment | $912.0M | 70% |
| Commercial Vehicle Segment | $218.0M | 17% |
| Other | $166.0M | 13% |
DECK
| UGG Brand Segment | $1.3B | 67% |
| Hoka Brand Segment | $628.9M | 32% |
| Other Brands Segment | $23.2M | 1% |
