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Deckers Brands（DECK）与GLOBAL PARTNERS LP（GLP）财务数据对比。点击上方公司名可切换其他公司
GLOBAL PARTNERS LP的季度营收约是Deckers Brands的1.1倍（$2.2B vs $2.0B），Deckers Brands净利率更高（24.6% vs 1.1%，领先23.4%），Deckers Brands同比增速更快（7.1% vs 7.0%），Deckers Brands自由现金流更多（$1.0B vs $62.2M），过去两年Deckers Brands的营收复合增速更高（42.8% vs 0.2%）
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。
Global Partners LP是一家美国能源供应企业，2018年位列《财富》世界500强第361位，采用业主有限合伙制架构，核心业务为石油产品进口，深耕北美市场开展营销活动，批发的产品涵盖原油、柴油、汽油、取暖油及煤油等品类。
DECK vs GLP — 直观对比
营收规模更大
GLP
是对方的1.1倍
$2.0B
营收增速更快
DECK
高出0.2%
7.0%
净利率更高
DECK
高出23.4%
1.1%
自由现金流更多
DECK
多$958.0M
$62.2M
两年增速更快
DECK
近两年复合增速
0.2%
损益表 — Q3 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $2.0B | $2.2B |
| 净利润 | $481.1M | $25.1M |
| 毛利率 | 59.8% | 11.9% |
| 营业利润率 | 31.4% | 2.6% |
| 净利率 | 24.6% | 1.1% |
| 营收同比 | 7.1% | 7.0% |
| 净利润同比 | 5.3% | 5.0% |
| 每股收益（稀释后） | $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DECKGLP
| Q4 25 | $2.0B | $2.2B | ||
| Q3 25 | $1.4B | $2.2B | ||
| Q2 25 | $964.5M | $2.1B | ||
| Q1 25 | $1.0B | $2.2B | ||
| Q4 24 | $1.8B | $2.1B | ||
| Q3 24 | $1.3B | $2.1B | ||
| Q2 24 | $825.3M | $2.3B | ||
| Q1 24 | $959.8M | $2.2B |
净利润DECKGLP
| Q4 25 | $481.1M | $25.1M | ||
| Q3 25 | $268.2M | $29.0M | ||
| Q2 25 | $139.2M | $25.2M | ||
| Q1 25 | $151.4M | $18.7M | ||
| Q4 24 | $456.7M | $23.9M | ||
| Q3 24 | $242.3M | $45.9M | ||
| Q2 24 | $115.6M | $46.1M | ||
| Q1 24 | $127.5M | $-5.6M |
毛利率DECKGLP
| Q4 25 | 59.8% | 11.9% | ||
| Q3 25 | 56.2% | 12.1% | ||
| Q2 25 | 55.8% | 13.1% | ||
| Q1 25 | 56.7% | 11.7% | ||
| Q4 24 | 60.3% | 13.0% | ||
| Q3 24 | 55.9% | 13.4% | ||
| Q2 24 | 56.9% | 12.6% | ||
| Q1 24 | 56.2% | 9.8% |
营业利润率DECKGLP
| Q4 25 | 31.4% | 2.6% | ||
| Q3 25 | 22.8% | 2.7% | ||
| Q2 25 | 17.1% | 2.9% | ||
| Q1 25 | 17.0% | 2.6% | ||
| Q4 24 | 31.0% | 2.8% | ||
| Q3 24 | 23.3% | 3.9% | ||
| Q2 24 | 16.1% | 3.7% | ||
| Q1 24 | 15.0% | 1.2% |
净利率DECKGLP
| Q4 25 | 24.6% | 1.1% | ||
| Q3 25 | 18.7% | 1.3% | ||
| Q2 25 | 14.4% | 1.2% | ||
| Q1 25 | 14.8% | 0.9% | ||
| Q4 24 | 25.0% | 1.2% | ||
| Q3 24 | 18.5% | 2.1% | ||
| Q2 24 | 14.0% | 2.0% | ||
| Q1 24 | 13.3% | -0.3% |
每股收益（稀释后）DECKGLP
| Q4 25 | $3.33 | — | ||
| Q3 25 | $1.82 | — | ||
| Q2 25 | $0.93 | — | ||
| Q1 25 | $-2.78 | — | ||
| Q4 24 | $3.00 | — | ||
| Q3 24 | $1.59 | — | ||
| Q2 24 | $4.52 | — | ||
| Q1 24 | $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 | $2.1B | — |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $2.6B | — |
| 总资产 | $4.1B | $3.9B |
| 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DECKGLP
| Q4 25 | $2.1B | — | ||
| Q3 25 | $1.4B | — | ||
| Q2 25 | $1.7B | — | ||
| Q1 25 | $1.9B | — | ||
| Q4 24 | $2.2B | — | ||
| Q3 24 | $1.2B | — | ||
| Q2 24 | $1.4B | — | ||
| Q1 24 | $1.5B | — |
股东权益DECKGLP
| Q4 25 | $2.6B | — | ||
| Q3 25 | $2.5B | — | ||
| Q2 25 | $2.5B | — | ||
| Q1 25 | $2.5B | — | ||
| Q4 24 | $2.6B | — | ||
| Q3 24 | $2.2B | — | ||
| Q2 24 | $2.1B | — | ||
| Q1 24 | $2.1B | — |
总资产DECKGLP
| Q4 25 | $4.1B | $3.9B | ||
| Q3 25 | $3.8B | $3.7B | ||
| Q2 25 | $3.8B | $3.8B | ||
| Q1 25 | $3.6B | $3.8B | ||
| Q4 24 | $4.0B | $3.8B | ||
| Q3 24 | $3.4B | $3.7B | ||
| Q2 24 | $3.3B | $3.8B | ||
| Q1 24 | $3.1B | $3.5B |
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 | $101.0M |
| 自由现金流经营现金流 - 资本支出 | $1.0B | $62.2M |
| 自由现金流率自由现金流/营收 | 52.1% | 2.8% |
| 资本支出强度资本支出/营收 | 1.1% | 1.8% |
| 现金转化率经营现金流/净利润 | 2.17× | 4.03× |
| 过去12个月自由现金流最近4个季度 | $929.1M | $193.3M |
8季度趋势，按日历期对齐
经营现金流DECKGLP
| Q4 25 | $1.0B | $101.0M | ||
| Q3 25 | $8.1M | $19.0M | ||
| Q2 25 | $36.1M | $216.3M | ||
| Q1 25 | $-73.0M | $-51.6M | ||
| Q4 24 | $1.1B | $67.2M | ||
| Q3 24 | $-90.5M | $122.7M | ||
| Q2 24 | $112.7M | $24.3M | ||
| Q1 24 | $-28.7M | $-182.7M |
自由现金流DECKGLP
| Q4 25 | $1.0B | $62.2M | ||
| Q3 25 | $-13.9M | $-678.0K | ||
| Q2 25 | $12.2M | $201.3M | ||
| Q1 25 | $-89.4M | $-69.5M | ||
| Q4 24 | $1.1B | $20.4M | ||
| Q3 24 | $-113.4M | $98.4M | ||
| Q2 24 | $90.1M | $8.7M | ||
| Q1 24 | $-44.0M | $-199.3M |
自由现金流率DECKGLP
| Q4 25 | 52.1% | 2.8% | ||
| Q3 25 | -1.0% | -0.0% | ||
| Q2 25 | 1.3% | 9.7% | ||
| Q1 25 | -8.8% | -3.2% | ||
| Q4 24 | 58.6% | 1.0% | ||
| Q3 24 | -8.6% | 4.6% | ||
| Q2 24 | 10.9% | 0.4% | ||
| Q1 24 | -4.6% | -9.0% |
资本支出强度DECKGLP
| Q4 25 | 1.1% | 1.8% | ||
| Q3 25 | 1.5% | 0.9% | ||
| Q2 25 | 2.5% | 0.7% | ||
| Q1 25 | 1.6% | 0.8% | ||
| Q4 24 | 1.3% | 2.3% | ||
| Q3 24 | 1.7% | 1.1% | ||
| Q2 24 | 2.7% | 0.7% | ||
| Q1 24 | 1.6% | 0.8% |
现金转化率DECKGLP
| Q4 25 | 2.17× | 4.03× | ||
| Q3 25 | 0.03× | 0.66× | ||
| Q2 25 | 0.26× | 8.58× | ||
| Q1 25 | -0.48× | -2.76× | ||
| Q4 24 | 2.40× | 2.82× | ||
| Q3 24 | -0.37× | 2.67× | ||
| Q2 24 | 0.97× | 0.53× | ||
| 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% |
GLP
| Gasoline | $1.0B | 46% |
| Refined Petroleum Products Renewable Fuels Crude Oil And Propane | $884.7M | 40% |
| Commercial Segment | $187.6M | 8% |
| Station Operations | $110.5M | 5% |
