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Deckers Brands（DECK）与eXp World Holdings, Inc.（EXPI）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eXp World Holdings, Inc.的1.6倍（$2.0B vs $1.2B），Deckers Brands净利率更高（24.6% vs -1.1%，领先25.7%），eXp World Holdings, Inc.同比增速更快（8.5% vs 7.1%），Deckers Brands自由现金流更多（$1.0B vs $11.9M），过去两年Deckers Brands的营收复合增速更高（42.8% vs 12.4%）
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。
eXp World Holdings是全球云原生房地产服务提供商，运营eXp Realty经纪网络，依托沉浸式3D虚拟园区支持代理人协作与日常运营，业务覆盖全球20余个国家的住宅及商业地产市场，同时提供按揭贷款、产权保险、从业者职业培训等配套服务。
DECK vs EXPI — 直观对比
营收规模更大
DECK
是对方的1.6倍
$1.2B
营收增速更快
EXPI
高出1.4%
7.1%
净利率更高
DECK
高出25.7%
-1.1%
自由现金流更多
DECK
多$1.0B
$11.9M
两年增速更快
DECK
近两年复合增速
12.4%
损益表 — Q3 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $2.0B | $1.2B |
| 净利润 | $481.1M | $-12.9M |
| 毛利率 | 59.8% | — |
| 营业利润率 | 31.4% | -1.1% |
| 净利率 | 24.6% | -1.1% |
| 营收同比 | 7.1% | 8.5% |
| 净利润同比 | 5.3% | -35.7% |
| 每股收益（稀释后） | $3.33 | $-0.08 |
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DECKEXPI
| Q4 25 | $2.0B | $1.2B | ||
| Q3 25 | $1.4B | $1.3B | ||
| Q2 25 | $964.5M | $1.3B | ||
| Q1 25 | $1.0B | $954.9M | ||
| Q4 24 | $1.8B | $1.1B | ||
| Q3 24 | $1.3B | $1.2B | ||
| Q2 24 | $825.3M | $1.3B | ||
| Q1 24 | $959.8M | $943.1M |
净利润DECKEXPI
| Q4 25 | $481.1M | $-12.9M | ||
| Q3 25 | $268.2M | $3.5M | ||
| Q2 25 | $139.2M | $-2.3M | ||
| Q1 25 | $151.4M | $-11.0M | ||
| Q4 24 | $456.7M | $-9.5M | ||
| Q3 24 | $242.3M | $-8.5M | ||
| Q2 24 | $115.6M | $12.4M | ||
| Q1 24 | $127.5M | $-15.6M |
毛利率DECKEXPI
| Q4 25 | 59.8% | — | ||
| Q3 25 | 56.2% | — | ||
| Q2 25 | 55.8% | — | ||
| Q1 25 | 56.7% | — | ||
| Q4 24 | 60.3% | — | ||
| Q3 24 | 55.9% | 99.9% | ||
| Q2 24 | 56.9% | 99.9% | ||
| Q1 24 | 56.2% | — |
营业利润率DECKEXPI
| Q4 25 | 31.4% | -1.1% | ||
| Q3 25 | 22.8% | 0.3% | ||
| Q2 25 | 17.1% | -0.2% | ||
| Q1 25 | 17.0% | -1.1% | ||
| Q4 24 | 31.0% | -1.0% | ||
| Q3 24 | 23.3% | -0.7% | ||
| Q2 24 | 16.1% | 1.4% | ||
| Q1 24 | 15.0% | -1.9% |
净利率DECKEXPI
| Q4 25 | 24.6% | -1.1% | ||
| Q3 25 | 18.7% | 0.3% | ||
| Q2 25 | 14.4% | -0.2% | ||
| Q1 25 | 14.8% | -1.2% | ||
| Q4 24 | 25.0% | -0.9% | ||
| Q3 24 | 18.5% | -0.7% | ||
| Q2 24 | 14.0% | 1.0% | ||
| Q1 24 | 13.3% | -1.7% |
每股收益（稀释后）DECKEXPI
| Q4 25 | $3.33 | $-0.08 | ||
| Q3 25 | $1.82 | $0.02 | ||
| Q2 25 | $0.93 | $-0.01 | ||
| Q1 25 | $-2.78 | $-0.07 | ||
| Q4 24 | $3.00 | $-0.06 | ||
| Q3 24 | $1.59 | $-0.06 | ||
| Q2 24 | $4.52 | $0.08 | ||
| Q1 24 | $4.82 | $-0.10 |
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 | $124.2M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $2.6B | $242.8M |
| 总资产 | $4.1B | $442.5M |
| 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DECKEXPI
| Q4 25 | $2.1B | $124.2M | ||
| Q3 25 | $1.4B | $112.8M | ||
| Q2 25 | $1.7B | $94.6M | ||
| Q1 25 | $1.9B | $115.7M | ||
| Q4 24 | $2.2B | $113.6M | ||
| Q3 24 | $1.2B | $130.4M | ||
| Q2 24 | $1.4B | $108.4M | ||
| Q1 24 | $1.5B | $109.2M |
股东权益DECKEXPI
| Q4 25 | $2.6B | $242.8M | ||
| Q3 25 | $2.5B | $235.3M | ||
| Q2 25 | $2.5B | $218.4M | ||
| Q1 25 | $2.5B | $212.0M | ||
| Q4 24 | $2.6B | $204.9M | ||
| Q3 24 | $2.2B | $211.1M | ||
| Q2 24 | $2.1B | $220.3M | ||
| Q1 24 | $2.1B | $222.4M |
总资产DECKEXPI
| Q4 25 | $4.1B | $442.5M | ||
| Q3 25 | $3.8B | $458.7M | ||
| Q2 25 | $3.8B | $481.2M | ||
| Q1 25 | $3.6B | $435.8M | ||
| Q4 24 | $4.0B | $390.7M | ||
| Q3 24 | $3.4B | $432.6M | ||
| Q2 24 | $3.3B | $457.4M | ||
| Q1 24 | $3.1B | $426.7M |
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 | $13.8M |
| 自由现金流经营现金流 - 资本支出 | $1.0B | $11.9M |
| 自由现金流率自由现金流/营收 | 52.1% | 1.0% |
| 资本支出强度资本支出/营收 | 1.1% | 0.2% |
| 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 | $929.1M | $109.0M |
8季度趋势，按日历期对齐
经营现金流DECKEXPI
| Q4 25 | $1.0B | $13.8M | ||
| Q3 25 | $8.1M | $28.9M | ||
| Q2 25 | $36.1M | $36.1M | ||
| Q1 25 | $-73.0M | $39.8M | ||
| Q4 24 | $1.1B | $13.7M | ||
| Q3 24 | $-90.5M | $46.0M | ||
| Q2 24 | $112.7M | $71.1M | ||
| Q1 24 | $-28.7M | $60.7M |
自由现金流DECKEXPI
| Q4 25 | $1.0B | $11.9M | ||
| Q3 25 | $-13.9M | $26.6M | ||
| Q2 25 | $12.2M | $33.3M | ||
| Q1 25 | $-89.4M | $37.3M | ||
| Q4 24 | $1.1B | $11.6M | ||
| Q3 24 | $-113.4M | $44.4M | ||
| Q2 24 | $90.1M | $69.7M | ||
| Q1 24 | $-44.0M | $59.3M |
自由现金流率DECKEXPI
| Q4 25 | 52.1% | 1.0% | ||
| Q3 25 | -1.0% | 2.0% | ||
| Q2 25 | 1.3% | 2.5% | ||
| Q1 25 | -8.8% | 3.9% | ||
| Q4 24 | 58.6% | 1.1% | ||
| Q3 24 | -8.6% | 3.6% | ||
| Q2 24 | 10.9% | 5.4% | ||
| Q1 24 | -4.6% | 6.3% |
资本支出强度DECKEXPI
| Q4 25 | 1.1% | 0.2% | ||
| Q3 25 | 1.5% | 0.2% | ||
| Q2 25 | 2.5% | 0.2% | ||
| Q1 25 | 1.6% | 0.3% | ||
| Q4 24 | 1.3% | 0.2% | ||
| Q3 24 | 1.7% | 0.1% | ||
| Q2 24 | 2.7% | 0.1% | ||
| Q1 24 | 1.6% | 0.1% |
现金转化率DECKEXPI
| Q4 25 | 2.17× | — | ||
| Q3 25 | 0.03× | 8.26× | ||
| Q2 25 | 0.26× | — | ||
| Q1 25 | -0.48× | — | ||
| Q4 24 | 2.40× | — | ||
| Q3 24 | -0.37× | — | ||
| Q2 24 | 0.97× | 5.75× | ||
| Q1 24 | -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
DECK
| UGG Brand Segment | $1.3B | 67% |
| Hoka Brand Segment | $628.9M | 32% |
| Other Brands Segment | $23.2M | 1% |
EXPI
| North American Realty | $1.1B | 96% |
| International Realty | $42.2M | 4% |
