vs
Deckers Brands（DECK）与第一太阳能（FSLR）财务数据对比。点击上方公司名可切换其他公司
Deckers Brands的季度营收约是第一太阳能的1.2倍（$2.0B vs $1.7B），第一太阳能净利率更高（31.0% vs 24.6%，领先6.4%），第一太阳能同比增速更快（11.1% vs 7.1%），第一太阳能自由现金流更多（$1.1B vs $1.0B），过去两年第一太阳能的营收复合增速更高（45.6% vs 42.8%）
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。
第一太阳能是美国上市光伏面板制造商，1990年成立时名为Solar Cells, Inc.，1999年被True North Partners收购后改为现名。公司采用碲化镉（CdTe）半导体技术生产刚性薄膜光伏面板，旗下所有生产基地均提供退役面板回收服务。
DECK vs FSLR — 直观对比
营收规模更大
DECK
是对方的1.2倍
$1.7B
营收增速更快
FSLR
高出4.0%
7.1%
净利率更高
FSLR
高出6.4%
24.6%
自由现金流更多
FSLR
多$49.9M
$1.0B
两年增速更快
FSLR
近两年复合增速
42.8%
损益表 — Q3 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $2.0B | $1.7B |
| 净利润 | $481.1M | $520.9M |
| 毛利率 | 59.8% | 39.5% |
| 营业利润率 | 31.4% | 32.6% |
| 净利率 | 24.6% | 31.0% |
| 营收同比 | 7.1% | 11.1% |
| 净利润同比 | 5.3% | 32.5% |
| 每股收益（稀释后） | $3.33 | $4.84 |
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DECKFSLR
| Q4 25 | $2.0B | $1.7B | ||
| Q3 25 | $1.4B | $1.6B | ||
| Q2 25 | $964.5M | $1.1B | ||
| Q1 25 | $1.0B | $844.6M | ||
| Q4 24 | $1.8B | $1.5B | ||
| Q3 24 | $1.3B | $887.7M | ||
| Q2 24 | $825.3M | $1.0B | ||
| Q1 24 | $959.8M | $794.1M |
净利润DECKFSLR
| Q4 25 | $481.1M | $520.9M | ||
| Q3 25 | $268.2M | $455.9M | ||
| Q2 25 | $139.2M | $341.9M | ||
| Q1 25 | $151.4M | $209.5M | ||
| Q4 24 | $456.7M | $393.1M | ||
| Q3 24 | $242.3M | $313.0M | ||
| Q2 24 | $115.6M | $349.4M | ||
| Q1 24 | $127.5M | $236.6M |
毛利率DECKFSLR
| Q4 25 | 59.8% | 39.5% | ||
| Q3 25 | 56.2% | 38.3% | ||
| Q2 25 | 55.8% | 45.6% | ||
| Q1 25 | 56.7% | 40.8% | ||
| Q4 24 | 60.3% | 37.5% | ||
| Q3 24 | 55.9% | 50.2% | ||
| Q2 24 | 56.9% | 49.4% | ||
| Q1 24 | 56.2% | 43.6% |
营业利润率DECKFSLR
| Q4 25 | 31.4% | 32.6% | ||
| Q3 25 | 22.8% | 29.2% | ||
| Q2 25 | 17.1% | 33.0% | ||
| Q1 25 | 17.0% | 26.2% | ||
| Q4 24 | 31.0% | 30.2% | ||
| Q3 24 | 23.3% | 36.3% | ||
| Q2 24 | 16.1% | 36.9% | ||
| Q1 24 | 15.0% | 30.6% |
净利率DECKFSLR
| Q4 25 | 24.6% | 31.0% | ||
| Q3 25 | 18.7% | 28.6% | ||
| Q2 25 | 14.4% | 31.2% | ||
| Q1 25 | 14.8% | 24.8% | ||
| Q4 24 | 25.0% | 26.0% | ||
| Q3 24 | 18.5% | 35.3% | ||
| Q2 24 | 14.0% | 34.6% | ||
| Q1 24 | 13.3% | 29.8% |
每股收益（稀释后）DECKFSLR
| Q4 25 | $3.33 | $4.84 | ||
| Q3 25 | $1.82 | $4.24 | ||
| Q2 25 | $0.93 | $3.18 | ||
| Q1 25 | $-2.78 | $1.95 | ||
| Q4 24 | $3.00 | $3.66 | ||
| Q3 24 | $1.59 | $2.91 | ||
| Q2 24 | $4.52 | $3.25 | ||
| Q1 24 | $4.82 | $2.20 |
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 | $2.8B |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $2.6B | $9.5B |
| 总资产 | $4.1B | $13.3B |
| 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DECKFSLR
| Q4 25 | $2.1B | $2.8B | ||
| Q3 25 | $1.4B | $2.0B | ||
| Q2 25 | $1.7B | $1.1B | ||
| Q1 25 | $1.9B | $837.6M | ||
| Q4 24 | $2.2B | $1.6B | ||
| Q3 24 | $1.2B | $1.0B | ||
| Q2 24 | $1.4B | $1.7B | ||
| Q1 24 | $1.5B | $1.7B |
股东权益DECKFSLR
| Q4 25 | $2.6B | $9.5B | ||
| Q3 25 | $2.5B | $9.0B | ||
| Q2 25 | $2.5B | $8.5B | ||
| Q1 25 | $2.5B | $8.2B | ||
| Q4 24 | $2.6B | $8.0B | ||
| Q3 24 | $2.2B | $7.6B | ||
| Q2 24 | $2.1B | $7.3B | ||
| Q1 24 | $2.1B | $6.9B |
总资产DECKFSLR
| Q4 25 | $4.1B | $13.3B | ||
| Q3 25 | $3.8B | $13.5B | ||
| Q2 25 | $3.8B | $12.9B | ||
| Q1 25 | $3.6B | $12.1B | ||
| Q4 24 | $4.0B | $12.1B | ||
| Q3 24 | $3.4B | $11.4B | ||
| Q2 24 | $3.3B | $11.0B | ||
| Q1 24 | $3.1B | $10.8B |
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 | $1.2B |
| 自由现金流经营现金流 - 资本支出 | $1.0B | $1.1B |
| 自由现金流率自由现金流/营收 | 52.1% | 63.6% |
| 资本支出强度资本支出/营收 | 1.1% | 10.2% |
| 现金转化率经营现金流/净利润 | 2.17× | 2.38× |
| 过去12个月自由现金流最近4个季度 | $929.1M | $1.2B |
8季度趋势，按日历期对齐
经营现金流DECKFSLR
| Q4 25 | $1.0B | $1.2B | ||
| Q3 25 | $8.1M | $1.3B | ||
| Q2 25 | $36.1M | $149.6M | ||
| Q1 25 | $-73.0M | $-608.0M | ||
| Q4 24 | $1.1B | $811.0M | ||
| Q3 24 | $-90.5M | $-53.7M | ||
| Q2 24 | $112.7M | $193.0M | ||
| Q1 24 | $-28.7M | $267.7M |
自由现金流DECKFSLR
| Q4 25 | $1.0B | $1.1B | ||
| Q3 25 | $-13.9M | $1.1B | ||
| Q2 25 | $12.2M | $-138.6M | ||
| Q1 25 | $-89.4M | $-813.9M | ||
| Q4 24 | $1.1B | $497.5M | ||
| Q3 24 | $-113.4M | $-487.7M | ||
| Q2 24 | $90.1M | $-172.1M | ||
| Q1 24 | $-44.0M | $-145.7M |
自由现金流率DECKFSLR
| Q4 25 | 52.1% | 63.6% | ||
| Q3 25 | -1.0% | 67.1% | ||
| Q2 25 | 1.3% | -12.6% | ||
| Q1 25 | -8.8% | -96.4% | ||
| Q4 24 | 58.6% | 32.9% | ||
| Q3 24 | -8.6% | -54.9% | ||
| Q2 24 | 10.9% | -17.0% | ||
| Q1 24 | -4.6% | -18.4% |
资本支出强度DECKFSLR
| Q4 25 | 1.1% | 10.2% | ||
| Q3 25 | 1.5% | 12.8% | ||
| Q2 25 | 2.5% | 26.3% | ||
| Q1 25 | 1.6% | 24.4% | ||
| Q4 24 | 1.3% | 20.7% | ||
| Q3 24 | 1.7% | 48.9% | ||
| Q2 24 | 2.7% | 36.1% | ||
| Q1 24 | 1.6% | 52.1% |
现金转化率DECKFSLR
| Q4 25 | 2.17× | 2.38× | ||
| Q3 25 | 0.03× | 2.79× | ||
| Q2 25 | 0.26× | 0.44× | ||
| Q1 25 | -0.48× | -2.90× | ||
| Q4 24 | 2.40× | 2.06× | ||
| Q3 24 | -0.37× | -0.17× | ||
| Q2 24 | 0.97× | 0.55× | ||
| Q1 24 | -0.22× | 1.13× |
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% |
FSLR
暂无分部数据
