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DARLING INGREDIENTS INC.（DAR）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DARLING INGREDIENTS INC.的1.3倍（$2.0B vs $1.6B），Deckers Brands净利率更高（24.6% vs 1.2%，领先23.3%），DARLING INGREDIENTS INC.同比增速更快（10.0% vs 7.1%），过去两年Deckers Brands的营收复合增速更高（42.8% vs -1.6%）
Darling Ingredients Inc.是全球领先的可持续天然原料生产商，将可食用及不可食用有机副产品加工为食品级营养成分、动物饲料添加剂、制药原料、生物燃料组分等高价值产品，服务全球食品、农业、制药、可再生能源领域客户。
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。
DAR vs DECK — 直观对比
营收规模更大
DECK
是对方的1.3倍
$1.6B
营收增速更快
DAR
高出2.9%
7.1%
净利率更高
DECK
高出23.3%
1.2%
两年增速更快
DECK
近两年复合增速
-1.6%
损益表 — Q3 FY2025 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.6B | $2.0B |
| 净利润 | $19.4M | $481.1M |
| 毛利率 | 24.7% | 59.8% |
| 营业利润率 | 4.6% | 31.4% |
| 净利率 | 1.2% | 24.6% |
| 营收同比 | 10.0% | 7.1% |
| 净利润同比 | 14.2% | 5.3% |
| 每股收益（稀释后） | $0.12 | $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DARDECK
| Q4 25 | — | $2.0B | ||
| Q3 25 | $1.6B | $1.4B | ||
| Q2 25 | $1.5B | $964.5M | ||
| Q1 25 | $1.4B | $1.0B | ||
| Q4 24 | $1.4B | $1.8B | ||
| Q3 24 | $1.4B | $1.3B | ||
| Q2 24 | $1.5B | $825.3M | ||
| Q1 24 | $1.4B | $959.8M |
净利润DARDECK
| Q4 25 | — | $481.1M | ||
| Q3 25 | $19.4M | $268.2M | ||
| Q2 25 | $12.7M | $139.2M | ||
| Q1 25 | $-26.2M | $151.4M | ||
| Q4 24 | $101.9M | $456.7M | ||
| Q3 24 | $16.9M | $242.3M | ||
| Q2 24 | $78.9M | $115.6M | ||
| Q1 24 | $81.2M | $127.5M |
毛利率DARDECK
| Q4 25 | — | 59.8% | ||
| Q3 25 | 24.7% | 56.2% | ||
| Q2 25 | 23.3% | 55.8% | ||
| Q1 25 | 22.6% | 56.7% | ||
| Q4 24 | 23.5% | 60.3% | ||
| Q3 24 | 22.1% | 55.9% | ||
| Q2 24 | 22.5% | 56.9% | ||
| Q1 24 | 21.4% | 56.2% |
营业利润率DARDECK
| Q4 25 | — | 31.4% | ||
| Q3 25 | 4.6% | 22.8% | ||
| Q2 25 | 5.1% | 17.1% | ||
| Q1 25 | 2.1% | 17.0% | ||
| Q4 24 | 8.6% | 31.0% | ||
| Q3 24 | 4.2% | 23.3% | ||
| Q2 24 | 10.2% | 16.1% | ||
| Q1 24 | 9.7% | 15.0% |
净利率DARDECK
| Q4 25 | — | 24.6% | ||
| Q3 25 | 1.2% | 18.7% | ||
| Q2 25 | 0.9% | 14.4% | ||
| Q1 25 | -1.9% | 14.8% | ||
| Q4 24 | 7.2% | 25.0% | ||
| Q3 24 | 1.2% | 18.5% | ||
| Q2 24 | 5.4% | 14.0% | ||
| Q1 24 | 5.7% | 13.3% |
每股收益（稀释后）DARDECK
| Q4 25 | — | $3.33 | ||
| Q3 25 | $0.12 | $1.82 | ||
| Q2 25 | $0.08 | $0.93 | ||
| Q1 25 | $-0.16 | $-2.78 | ||
| Q4 24 | $0.63 | $3.00 | ||
| Q3 24 | $0.11 | $1.59 | ||
| Q2 24 | $0.49 | $4.52 | ||
| Q1 24 | $0.50 | $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 | $91.5M | $2.1B |
| 总债务越低越好 | $4.0B | — |
| 股东权益账面价值 | $4.7B | $2.6B |
| 总资产 | $10.5B | $4.1B |
| 负债/权益比越低杠杆越低 | 0.86× | — |
8季度趋势，按日历期对齐
现金及短期投资DARDECK
| Q4 25 | — | $2.1B | ||
| Q3 25 | $91.5M | $1.4B | ||
| Q2 25 | $94.6M | $1.7B | ||
| Q1 25 | $81.5M | $1.9B | ||
| Q4 24 | $76.0M | $2.2B | ||
| Q3 24 | $114.8M | $1.2B | ||
| Q2 24 | $121.6M | $1.4B | ||
| Q1 24 | $145.5M | $1.5B |
总债务DARDECK
| Q4 25 | — | — | ||
| Q3 25 | $4.0B | — | ||
| Q2 25 | $3.9B | — | ||
| Q1 25 | $3.8B | — | ||
| Q4 24 | $3.9B | — | ||
| Q3 24 | $4.1B | — | ||
| Q2 24 | $4.3B | — | ||
| Q1 24 | $4.4B | — |
股东权益DARDECK
| Q4 25 | — | $2.6B | ||
| Q3 25 | $4.7B | $2.5B | ||
| Q2 25 | $4.6B | $2.5B | ||
| Q1 25 | $4.4B | $2.5B | ||
| Q4 24 | $4.4B | $2.6B | ||
| Q3 24 | $4.6B | $2.2B | ||
| Q2 24 | $4.5B | $2.1B | ||
| Q1 24 | $4.6B | $2.1B |
总资产DARDECK
| Q4 25 | — | $4.1B | ||
| Q3 25 | $10.5B | $3.8B | ||
| Q2 25 | $10.3B | $3.8B | ||
| Q1 25 | $10.0B | $3.6B | ||
| Q4 24 | $10.1B | $4.0B | ||
| Q3 24 | $10.6B | $3.4B | ||
| Q2 24 | $10.6B | $3.3B | ||
| Q1 24 | $10.9B | $3.1B |
负债/权益比DARDECK
| Q4 25 | — | — | ||
| Q3 25 | 0.86× | — | ||
| Q2 25 | 0.85× | — | ||
| Q1 25 | 0.86× | — | ||
| Q4 24 | 0.89× | — | ||
| Q3 24 | 0.91× | — | ||
| Q2 24 | 0.97× | — | ||
| Q1 24 | 0.95× | — |
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 | $224.3M | $1.0B |
| 自由现金流经营现金流 - 资本支出 | — | $1.0B |
| 自由现金流率自由现金流/营收 | — | 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 | 11.59× | 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DARDECK
| Q4 25 | — | $1.0B | ||
| Q3 25 | $224.3M | $8.1M | ||
| Q2 25 | $145.8M | $36.1M | ||
| Q1 25 | $249.0M | $-73.0M | ||
| Q4 24 | $154.4M | $1.1B | ||
| Q3 24 | $274.5M | $-90.5M | ||
| Q2 24 | $146.5M | $112.7M | ||
| Q1 24 | $263.9M | $-28.7M |
自由现金流DARDECK
| 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 | ||
| Q1 24 | — | $-44.0M |
自由现金流率DARDECK
| 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% | ||
| Q1 24 | — | -4.6% |
资本支出强度DARDECK
| 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% | ||
| Q1 24 | — | 1.6% |
现金转化率DARDECK
| Q4 25 | — | 2.17× | ||
| Q3 25 | 11.59× | 0.03× | ||
| Q2 25 | 11.52× | 0.26× | ||
| Q1 25 | — | -0.48× | ||
| Q4 24 | 1.52× | 2.40× | ||
| Q3 24 | 16.19× | -0.37× | ||
| Q2 24 | 1.86× | 0.97× | ||
| Q1 24 | 3.25× | -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
DAR
| Fats | $428.4M | 27% |
| Food Ingredients | $380.6M | 24% |
| Diamond Green Diesel Holdings Llc Joint Venture | $342.1M | 22% |
| Fuel Ingredients | $154.3M | 10% |
| Used Cooking Oil | $125.9M | 8% |
| Other Rendering | $76.9M | 5% |
| Bakery | $46.9M | 3% |
| Other Products And Services | $12.2M | 1% |
DECK
| UGG Brand Segment | $1.3B | 67% |
| Hoka Brand Segment | $628.9M | 32% |
| Other Brands Segment | $23.2M | 1% |
