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Deckers Brands（DECK）与Global Payments（GPN）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Global Payments的1.5倍（$2.0B vs $1.3B），Deckers Brands净利率更高（24.6% vs 16.4%，领先8.2%），Deckers Brands同比增速更快（7.1% vs -47.1%），Deckers Brands自由现金流更多（$1.0B vs $347.0M），过去两年Deckers Brands的营收复合增速更高（42.8% vs -25.9%）
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 Payments Inc.是美国跨国金融科技企业，面向商户、发卡机构及消费者提供支付技术与相关服务，支持信用卡、借记卡、数字支付及非接触式支付的交易处理，2021年6月入选《财富》500强榜单。
DECK vs GPN — 直观对比
营收规模更大
DECK
是对方的1.5倍
$1.3B
营收增速更快
DECK
高出54.3%
-47.1%
净利率更高
DECK
高出8.2%
16.4%
自由现金流更多
DECK
多$673.3M
$347.0M
两年增速更快
DECK
近两年复合增速
-25.9%
损益表 — Q3 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $2.0B | $1.3B |
| 净利润 | $481.1M | $217.5M |
| 毛利率 | 59.8% | 89.7% |
| 营业利润率 | 31.4% | 5.9% |
| 净利率 | 24.6% | 16.4% |
| 营收同比 | 7.1% | -47.1% |
| 净利润同比 | 5.3% | -61.6% |
| 每股收益（稀释后） | $3.33 | $0.91 |
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DECKGPN
| Q4 25 | $2.0B | $1.3B | ||
| Q3 25 | $1.4B | $2.0B | ||
| Q2 25 | $964.5M | $2.0B | ||
| Q1 25 | $1.0B | $2.4B | ||
| Q4 24 | $1.8B | $2.5B | ||
| Q3 24 | $1.3B | $2.6B | ||
| Q2 24 | $825.3M | $2.6B | ||
| Q1 24 | $959.8M | $2.4B |
净利润DECKGPN
| Q4 25 | $481.1M | $217.5M | ||
| Q3 25 | $268.2M | $635.2M | ||
| Q2 25 | $139.2M | $241.6M | ||
| Q1 25 | $151.4M | $305.7M | ||
| Q4 24 | $456.7M | $567.2M | ||
| Q3 24 | $242.3M | $315.1M | ||
| Q2 24 | $115.6M | $374.8M | ||
| Q1 24 | $127.5M | $313.3M |
毛利率DECKGPN
| Q4 25 | 59.8% | 89.7% | ||
| Q3 25 | 56.2% | 72.3% | ||
| Q2 25 | 55.8% | 74.5% | ||
| Q1 25 | 56.7% | 61.8% | ||
| Q4 24 | 60.3% | 62.1% | ||
| Q3 24 | 55.9% | 63.6% | ||
| Q2 24 | 56.9% | 63.5% | ||
| Q1 24 | 56.2% | 61.9% |
营业利润率DECKGPN
| Q4 25 | 31.4% | 5.9% | ||
| Q3 25 | 22.8% | 38.8% | ||
| Q2 25 | 17.1% | 21.8% | ||
| Q1 25 | 17.0% | 19.5% | ||
| Q4 24 | 31.0% | 33.1% | ||
| Q3 24 | 23.3% | 18.3% | ||
| Q2 24 | 16.1% | 22.3% | ||
| Q1 24 | 15.0% | 18.7% |
净利率DECKGPN
| Q4 25 | 24.6% | 16.4% | ||
| Q3 25 | 18.7% | 31.6% | ||
| Q2 25 | 14.4% | 12.3% | ||
| Q1 25 | 14.8% | 12.7% | ||
| Q4 24 | 25.0% | 22.5% | ||
| Q3 24 | 18.5% | 12.1% | ||
| Q2 24 | 14.0% | 14.6% | ||
| Q1 24 | 13.3% | 12.9% |
每股收益（稀释后）DECKGPN
| Q4 25 | $3.33 | $0.91 | ||
| Q3 25 | $1.82 | $2.64 | ||
| Q2 25 | $0.93 | $0.99 | ||
| Q1 25 | $-2.78 | $1.24 | ||
| Q4 24 | $3.00 | $2.23 | ||
| Q3 24 | $1.59 | $1.24 | ||
| Q2 24 | $4.52 | $1.47 | ||
| Q1 24 | $4.82 | $1.22 |
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 | $8.3B |
| 总债务越低越好 | — | $19.5B |
| 股东权益账面价值 | $2.6B | $22.9B |
| 总资产 | $4.1B | $53.3B |
| 负债/权益比越低杠杆越低 | — | 0.85× |
8季度趋势，按日历期对齐
现金及短期投资DECKGPN
| Q4 25 | $2.1B | $8.3B | ||
| Q3 25 | $1.4B | $2.6B | ||
| Q2 25 | $1.7B | $2.6B | ||
| Q1 25 | $1.9B | $2.9B | ||
| Q4 24 | $2.2B | $2.5B | ||
| Q3 24 | $1.2B | $2.9B | ||
| Q2 24 | $1.4B | $2.1B | ||
| Q1 24 | $1.5B | $2.2B |
总债务DECKGPN
| Q4 25 | — | $19.5B | ||
| Q3 25 | — | $13.3B | ||
| Q2 25 | — | $14.2B | ||
| Q1 25 | — | $15.0B | ||
| Q4 24 | — | $15.2B | ||
| Q3 24 | — | $15.2B | ||
| Q2 24 | — | $15.6B | ||
| Q1 24 | — | $15.6B |
股东权益DECKGPN
| Q4 25 | $2.6B | $22.9B | ||
| Q3 25 | $2.5B | $22.7B | ||
| Q2 25 | $2.5B | $22.6B | ||
| Q1 25 | $2.5B | $22.2B | ||
| Q4 24 | $2.6B | $22.3B | ||
| Q3 24 | $2.2B | $22.8B | ||
| Q2 24 | $2.1B | $22.4B | ||
| Q1 24 | $2.1B | $22.2B |
总资产DECKGPN
| Q4 25 | $4.1B | $53.3B | ||
| Q3 25 | $3.8B | $48.0B | ||
| Q2 25 | $3.8B | $48.5B | ||
| Q1 25 | $3.6B | $47.6B | ||
| Q4 24 | $4.0B | $46.9B | ||
| Q3 24 | $3.4B | $50.0B | ||
| Q2 24 | $3.3B | $50.8B | ||
| Q1 24 | $3.1B | $51.8B |
负债/权益比DECKGPN
| Q4 25 | — | 0.85× | ||
| Q3 25 | — | 0.59× | ||
| Q2 25 | — | 0.63× | ||
| Q1 25 | — | 0.67× | ||
| Q4 24 | — | 0.68× | ||
| Q3 24 | — | 0.67× | ||
| Q2 24 | — | 0.70× | ||
| Q1 24 | — | 0.70× |
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 | $515.2M |
| 自由现金流经营现金流 - 资本支出 | $1.0B | $347.0M |
| 自由现金流率自由现金流/营收 | 52.1% | 26.1% |
| 资本支出强度资本支出/营收 | 1.1% | 12.7% |
| 现金转化率经营现金流/净利润 | 2.17× | 2.37× |
| 过去12个月自由现金流最近4个季度 | $929.1M | $2.0B |
8季度趋势，按日历期对齐
经营现金流DECKGPN
| Q4 25 | $1.0B | $515.2M | ||
| Q3 25 | $8.1M | $768.7M | ||
| Q2 25 | $36.1M | $817.5M | ||
| Q1 25 | $-73.0M | $555.1M | ||
| Q4 24 | $1.1B | $653.4M | ||
| Q3 24 | $-90.5M | $1.7B | ||
| Q2 24 | $112.7M | $736.9M | ||
| Q1 24 | $-28.7M | $416.3M |
自由现金流DECKGPN
| Q4 25 | $1.0B | $347.0M | ||
| Q3 25 | $-13.9M | $598.9M | ||
| Q2 25 | $12.2M | $665.4M | ||
| Q1 25 | $-89.4M | $427.5M | ||
| Q4 24 | $1.1B | $469.4M | ||
| Q3 24 | $-113.4M | $1.6B | ||
| Q2 24 | $90.1M | $557.7M | ||
| Q1 24 | $-44.0M | $270.9M |
自由现金流率DECKGPN
| Q4 25 | 52.1% | 26.1% | ||
| Q3 25 | -1.0% | 29.8% | ||
| Q2 25 | 1.3% | 34.0% | ||
| Q1 25 | -8.8% | 17.7% | ||
| Q4 24 | 58.6% | 18.7% | ||
| Q3 24 | -8.6% | 60.0% | ||
| Q2 24 | 10.9% | 21.7% | ||
| Q1 24 | -4.6% | 11.2% |
资本支出强度DECKGPN
| Q4 25 | 1.1% | 12.7% | ||
| Q3 25 | 1.5% | 8.5% | ||
| Q2 25 | 2.5% | 7.8% | ||
| Q1 25 | 1.6% | 5.3% | ||
| Q4 24 | 1.3% | 7.3% | ||
| Q3 24 | 1.7% | 6.4% | ||
| Q2 24 | 2.7% | 7.0% | ||
| Q1 24 | 1.6% | 6.0% |
现金转化率DECKGPN
| Q4 25 | 2.17× | 2.37× | ||
| Q3 25 | 0.03× | 1.21× | ||
| Q2 25 | 0.26× | 3.38× | ||
| Q1 25 | -0.48× | 1.82× | ||
| Q4 24 | 2.40× | 1.15× | ||
| Q3 24 | -0.37× | 5.48× | ||
| Q2 24 | 0.97× | 1.97× | ||
| Q1 24 | -0.22× | 1.33× |
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% |
GPN
| Integrated And Embedded Solutions | $869.3M | 65% |
| Point Of Sale And Software Solutions | $281.7M | 21% |
| Other | $178.4M | 13% |
