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Deckers Brands（DECK）与Expeditors International（EXPD）财务数据对比。点击上方公司名可切换其他公司
Expeditors International的季度营收约是Deckers Brands的1.5倍（$2.9B vs $2.0B），Deckers Brands净利率更高（24.6% vs 7.0%，领先17.6%），Deckers Brands同比增速更快（7.1% vs -3.3%），Deckers Brands自由现金流更多（$1.0B vs $270.3M），过去两年Deckers Brands的营收复合增速更高（42.8% vs 13.8%）
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。
美国财富500强物流服务企业，总部位于华盛顿州贝尔维尤，依托覆盖六大洲100余个国家超340个网点的全球网络及统一集成的技术系统，为客户提供高度优化的定制化供应链解决方案。
DECK vs EXPD — 直观对比
营收规模更大
EXPD
是对方的1.5倍
$2.0B
营收增速更快
DECK
高出10.5%
-3.3%
净利率更高
DECK
高出17.6%
7.0%
自由现金流更多
DECK
多$750.0M
$270.3M
两年增速更快
DECK
近两年复合增速
13.8%
损益表 — Q3 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $2.0B | $2.9B |
| 净利润 | $481.1M | $200.7M |
| 毛利率 | 59.8% | — |
| 营业利润率 | 31.4% | 8.8% |
| 净利率 | 24.6% | 7.0% |
| 营收同比 | 7.1% | -3.3% |
| 净利润同比 | 5.3% | -14.9% |
| 每股收益（稀释后） | $3.33 | $1.50 |
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DECKEXPD
| Q4 25 | $2.0B | $2.9B | ||
| Q3 25 | $1.4B | $2.9B | ||
| Q2 25 | $964.5M | $2.7B | ||
| Q1 25 | $1.0B | $2.7B | ||
| Q4 24 | $1.8B | $3.0B | ||
| Q3 24 | $1.3B | $3.0B | ||
| Q2 24 | $825.3M | $2.4B | ||
| Q1 24 | $959.8M | $2.2B |
净利润DECKEXPD
| Q4 25 | $481.1M | $200.7M | ||
| Q3 25 | $268.2M | $222.3M | ||
| Q2 25 | $139.2M | $183.6M | ||
| Q1 25 | $151.4M | $203.8M | ||
| Q4 24 | $456.7M | $235.9M | ||
| Q3 24 | $242.3M | $229.6M | ||
| Q2 24 | $115.6M | $175.5M | ||
| Q1 24 | $127.5M | $169.2M |
毛利率DECKEXPD
| Q4 25 | 59.8% | — | ||
| Q3 25 | 56.2% | — | ||
| Q2 25 | 55.8% | — | ||
| Q1 25 | 56.7% | — | ||
| Q4 24 | 60.3% | — | ||
| Q3 24 | 55.9% | — | ||
| Q2 24 | 56.9% | — | ||
| Q1 24 | 56.2% | — |
营业利润率DECKEXPD
| Q4 25 | 31.4% | 8.8% | ||
| Q3 25 | 22.8% | 10.0% | ||
| Q2 25 | 17.1% | 9.3% | ||
| Q1 25 | 17.0% | 10.0% | ||
| Q4 24 | 31.0% | 10.2% | ||
| Q3 24 | 23.3% | 10.1% | ||
| Q2 24 | 16.1% | 9.2% | ||
| Q1 24 | 15.0% | 9.7% |
净利率DECKEXPD
| Q4 25 | 24.6% | 7.0% | ||
| Q3 25 | 18.7% | 7.7% | ||
| Q2 25 | 14.4% | 6.9% | ||
| Q1 25 | 14.8% | 7.6% | ||
| Q4 24 | 25.0% | 8.0% | ||
| Q3 24 | 18.5% | 7.7% | ||
| Q2 24 | 14.0% | 7.2% | ||
| Q1 24 | 13.3% | 7.7% |
每股收益（稀释后）DECKEXPD
| Q4 25 | $3.33 | $1.50 | ||
| Q3 25 | $1.82 | $1.64 | ||
| Q2 25 | $0.93 | $1.34 | ||
| Q1 25 | $-2.78 | $1.47 | ||
| Q4 24 | $3.00 | $1.68 | ||
| Q3 24 | $1.59 | $1.63 | ||
| Q2 24 | $4.52 | $1.24 | ||
| Q1 24 | $4.82 | $1.17 |
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 | $2.1B | $1.3B |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $2.6B | $2.4B |
| 总资产 | $4.1B | $4.9B |
| 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DECKEXPD
| Q4 25 | $2.1B | $1.3B | ||
| Q3 25 | $1.4B | $1.2B | ||
| Q2 25 | $1.7B | $1.2B | ||
| Q1 25 | $1.9B | $1.3B | ||
| Q4 24 | $2.2B | $1.1B | ||
| Q3 24 | $1.2B | $1.3B | ||
| Q2 24 | $1.4B | $1.3B | ||
| Q1 24 | $1.5B | $1.4B |
股东权益DECKEXPD
| Q4 25 | $2.6B | $2.4B | ||
| Q3 25 | $2.5B | $2.3B | ||
| Q2 25 | $2.5B | $2.2B | ||
| Q1 25 | $2.5B | $2.3B | ||
| Q4 24 | $2.6B | $2.2B | ||
| Q3 24 | $2.2B | $2.4B | ||
| Q2 24 | $2.1B | $2.2B | ||
| Q1 24 | $2.1B | $2.2B |
总资产DECKEXPD
| Q4 25 | $4.1B | $4.9B | ||
| Q3 25 | $3.8B | $4.8B | ||
| Q2 25 | $3.8B | $4.8B | ||
| Q1 25 | $3.6B | $4.8B | ||
| Q4 24 | $4.0B | $4.8B | ||
| Q3 24 | $3.4B | $5.2B | ||
| Q2 24 | $3.3B | $4.8B | ||
| Q1 24 | $3.1B | $4.5B |
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 | $1.0B | $283.3M |
| 自由现金流经营现金流 - 资本支出 | $1.0B | $270.3M |
| 自由现金流率自由现金流/营收 | 52.1% | 9.5% |
| 资本支出强度资本支出/营收 | 1.1% | 0.5% |
| 现金转化率经营现金流/净利润 | 2.17× | 1.41× |
| 过去12个月自由现金流最近4个季度 | $929.1M | $953.4M |
8季度趋势，按日历期对齐
经营现金流DECKEXPD
| Q4 25 | $1.0B | $283.3M | ||
| Q3 25 | $8.1M | $201.4M | ||
| Q2 25 | $36.1M | $179.2M | ||
| Q1 25 | $-73.0M | $342.6M | ||
| Q4 24 | $1.1B | $249.7M | ||
| Q3 24 | $-90.5M | $90.0M | ||
| Q2 24 | $112.7M | $126.8M | ||
| Q1 24 | $-28.7M | $256.9M |
自由现金流DECKEXPD
| Q4 25 | $1.0B | $270.3M | ||
| Q3 25 | $-13.9M | $190.3M | ||
| Q2 25 | $12.2M | $163.3M | ||
| Q1 25 | $-89.4M | $329.5M | ||
| Q4 24 | $1.1B | $239.7M | ||
| Q3 24 | $-113.4M | $77.7M | ||
| Q2 24 | $90.1M | $118.8M | ||
| Q1 24 | $-44.0M | $246.7M |
自由现金流率DECKEXPD
| Q4 25 | 52.1% | 9.5% | ||
| Q3 25 | -1.0% | 6.6% | ||
| Q2 25 | 1.3% | 6.2% | ||
| Q1 25 | -8.8% | 12.4% | ||
| Q4 24 | 58.6% | 8.1% | ||
| Q3 24 | -8.6% | 2.6% | ||
| Q2 24 | 10.9% | 4.9% | ||
| Q1 24 | -4.6% | 11.2% |
资本支出强度DECKEXPD
| Q4 25 | 1.1% | 0.5% | ||
| Q3 25 | 1.5% | 0.4% | ||
| Q2 25 | 2.5% | 0.6% | ||
| Q1 25 | 1.6% | 0.5% | ||
| Q4 24 | 1.3% | 0.3% | ||
| Q3 24 | 1.7% | 0.4% | ||
| Q2 24 | 2.7% | 0.3% | ||
| Q1 24 | 1.6% | 0.5% |
现金转化率DECKEXPD
| Q4 25 | 2.17× | 1.41× | ||
| Q3 25 | 0.03× | 0.91× | ||
| Q2 25 | 0.26× | 0.98× | ||
| Q1 25 | -0.48× | 1.68× | ||
| Q4 24 | 2.40× | 1.06× | ||
| Q3 24 | -0.37× | 0.39× | ||
| Q2 24 | 0.97× | 0.72× | ||
| Q1 24 | -0.22× | 1.52× |
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
DECK
| UGG Brand Segment | $1.3B | 67% |
| Hoka Brand Segment | $628.9M | 32% |
| Other Brands Segment | $23.2M | 1% |
EXPD
| Customs Brokerage And Other Services | $1.1B | 40% |
| Airfreight Services | $1.1B | 39% |
| Ocean Freight And Ocean Services | $611.4M | 21% |
