vs
Deckers Brands（DECK）与汉瑞祥（HSIC）财务数据对比。点击上方公司名可切换其他公司
汉瑞祥的季度营收约是Deckers Brands的1.8倍（$3.4B vs $2.0B），Deckers Brands净利率更高（24.6% vs 2.9%，领先21.6%），汉瑞祥同比增速更快（7.7% vs 7.1%），Deckers Brands自由现金流更多（$1.0B vs $338.0M），过去两年Deckers Brands的营收复合增速更高（42.8% vs 4.1%）
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。
汉瑞祥（Henry Schein, Inc.）是美国的医疗保健产品及服务分销商，业务覆盖全球33个国家和地区，是全球面向诊所类牙科及医疗从业者的最大医疗解决方案供应商。公司连续14年入选Ethisphere评选的「全球最具道德企业」榜单，2025年再次登榜。
DECK vs HSIC — 直观对比
营收规模更大
HSIC
是对方的1.8倍
$2.0B
营收增速更快
HSIC
高出0.6%
7.1%
净利率更高
DECK
高出21.6%
2.9%
自由现金流更多
DECK
多$682.3M
$338.0M
两年增速更快
DECK
近两年复合增速
4.1%
损益表 — Q3 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $2.0B | $3.4B |
| 净利润 | $481.1M | $101.0M |
| 毛利率 | 59.8% | 30.9% |
| 营业利润率 | 31.4% | 4.7% |
| 净利率 | 24.6% | 2.9% |
| 营收同比 | 7.1% | 7.7% |
| 净利润同比 | 5.3% | 7.4% |
| 每股收益（稀释后） | $3.33 | $0.85 |
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DECKHSIC
| Q4 25 | $2.0B | $3.4B | ||
| Q3 25 | $1.4B | $3.3B | ||
| Q2 25 | $964.5M | $3.2B | ||
| Q1 25 | $1.0B | $3.2B | ||
| Q4 24 | $1.8B | $3.2B | ||
| Q3 24 | $1.3B | $3.2B | ||
| Q2 24 | $825.3M | $3.1B | ||
| Q1 24 | $959.8M | $3.2B |
净利润DECKHSIC
| Q4 25 | $481.1M | $101.0M | ||
| Q3 25 | $268.2M | $101.0M | ||
| Q2 25 | $139.2M | $86.0M | ||
| Q1 25 | $151.4M | $110.0M | ||
| Q4 24 | $456.7M | $94.0M | ||
| Q3 24 | $242.3M | $99.0M | ||
| Q2 24 | $115.6M | $104.0M | ||
| Q1 24 | $127.5M | $93.0M |
毛利率DECKHSIC
| Q4 25 | 59.8% | 30.9% | ||
| Q3 25 | 56.2% | 30.7% | ||
| Q2 25 | 55.8% | 31.4% | ||
| Q1 25 | 56.7% | 31.6% | ||
| Q4 24 | 60.3% | 31.1% | ||
| Q3 24 | 55.9% | 31.3% | ||
| Q2 24 | 56.9% | 32.5% | ||
| Q1 24 | 56.2% | 31.9% |
营业利润率DECKHSIC
| Q4 25 | 31.4% | 4.7% | ||
| Q3 25 | 22.8% | 4.9% | ||
| Q2 25 | 17.1% | 4.7% | ||
| Q1 25 | 17.0% | 5.5% | ||
| Q4 24 | 31.0% | 4.9% | ||
| Q3 24 | 23.3% | 4.9% | ||
| Q2 24 | 16.1% | 5.1% | ||
| Q1 24 | 15.0% | 4.7% |
净利率DECKHSIC
| Q4 25 | 24.6% | 2.9% | ||
| Q3 25 | 18.7% | 3.0% | ||
| Q2 25 | 14.4% | 2.7% | ||
| Q1 25 | 14.8% | 3.5% | ||
| Q4 24 | 25.0% | 2.9% | ||
| Q3 24 | 18.5% | 3.1% | ||
| Q2 24 | 14.0% | 3.3% | ||
| Q1 24 | 13.3% | 2.9% |
每股收益（稀释后）DECKHSIC
| Q4 25 | $3.33 | $0.85 | ||
| Q3 25 | $1.82 | $0.84 | ||
| Q2 25 | $0.93 | $0.70 | ||
| Q1 25 | $-2.78 | $0.88 | ||
| Q4 24 | $3.00 | $0.75 | ||
| Q3 24 | $1.59 | $0.78 | ||
| Q2 24 | $4.52 | $0.80 | ||
| Q1 24 | $4.82 | $0.72 |
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 | $156.0M |
| 总债务越低越好 | — | $2.3B |
| 股东权益账面价值 | $2.6B | $3.2B |
| 总资产 | $4.1B | $11.2B |
| 负债/权益比越低杠杆越低 | — | 0.71× |
8季度趋势，按日历期对齐
现金及短期投资DECKHSIC
| Q4 25 | $2.1B | $156.0M | ||
| Q3 25 | $1.4B | $136.0M | ||
| Q2 25 | $1.7B | $145.0M | ||
| Q1 25 | $1.9B | $127.0M | ||
| Q4 24 | $2.2B | $122.0M | ||
| Q3 24 | $1.2B | $126.0M | ||
| Q2 24 | $1.4B | $138.0M | ||
| Q1 24 | $1.5B | $159.0M |
总债务DECKHSIC
| Q4 25 | — | $2.3B | ||
| Q3 25 | — | $2.2B | ||
| Q2 25 | — | $2.1B | ||
| Q1 25 | — | $2.0B | ||
| Q4 24 | — | $1.8B | ||
| Q3 24 | — | $1.9B | ||
| Q2 24 | — | $1.9B | ||
| Q1 24 | — | $2.0B |
股东权益DECKHSIC
| Q4 25 | $2.6B | $3.2B | ||
| Q3 25 | $2.5B | $3.4B | ||
| Q2 25 | $2.5B | $3.4B | ||
| Q1 25 | $2.5B | $3.3B | ||
| Q4 24 | $2.6B | $3.4B | ||
| Q3 24 | $2.2B | $3.5B | ||
| Q2 24 | $2.1B | $3.5B | ||
| Q1 24 | $2.1B | $3.6B |
总资产DECKHSIC
| Q4 25 | $4.1B | $11.2B | ||
| Q3 25 | $3.8B | $11.1B | ||
| Q2 25 | $3.8B | $10.9B | ||
| Q1 25 | $3.6B | $10.5B | ||
| Q4 24 | $4.0B | $10.2B | ||
| Q3 24 | $3.4B | $10.6B | ||
| Q2 24 | $3.3B | $10.3B | ||
| Q1 24 | $3.1B | $10.1B |
负债/权益比DECKHSIC
| Q4 25 | — | 0.71× | ||
| Q3 25 | — | 0.64× | ||
| Q2 25 | — | 0.61× | ||
| Q1 25 | — | 0.59× | ||
| Q4 24 | — | 0.54× | ||
| Q3 24 | — | 0.54× | ||
| Q2 24 | — | 0.54× | ||
| Q1 24 | — | 0.56× |
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 | $381.0M |
| 自由现金流经营现金流 - 资本支出 | $1.0B | $338.0M |
| 自由现金流率自由现金流/营收 | 52.1% | 9.8% |
| 资本支出强度资本支出/营收 | 1.1% | 1.3% |
| 现金转化率经营现金流/净利润 | 2.17× | 3.77× |
| 过去12个月自由现金流最近4个季度 | $929.1M | $573.0M |
8季度趋势，按日历期对齐
经营现金流DECKHSIC
| Q4 25 | $1.0B | $381.0M | ||
| Q3 25 | $8.1M | $174.0M | ||
| Q2 25 | $36.1M | $120.0M | ||
| Q1 25 | $-73.0M | $37.0M | ||
| Q4 24 | $1.1B | $204.0M | ||
| Q3 24 | $-90.5M | $151.0M | ||
| Q2 24 | $112.7M | $296.0M | ||
| Q1 24 | $-28.7M | $197.0M |
自由现金流DECKHSIC
| Q4 25 | $1.0B | $338.0M | ||
| Q3 25 | $-13.9M | $141.0M | ||
| Q2 25 | $12.2M | $88.0M | ||
| Q1 25 | $-89.4M | $6.0M | ||
| Q4 24 | $1.1B | $168.0M | ||
| Q3 24 | $-113.4M | $117.0M | ||
| Q2 24 | $90.1M | $259.0M | ||
| Q1 24 | $-44.0M | $156.0M |
自由现金流率DECKHSIC
| Q4 25 | 52.1% | 9.8% | ||
| Q3 25 | -1.0% | 4.2% | ||
| Q2 25 | 1.3% | 2.7% | ||
| Q1 25 | -8.8% | 0.2% | ||
| Q4 24 | 58.6% | 5.3% | ||
| Q3 24 | -8.6% | 3.7% | ||
| Q2 24 | 10.9% | 8.3% | ||
| Q1 24 | -4.6% | 4.9% |
资本支出强度DECKHSIC
| Q4 25 | 1.1% | 1.3% | ||
| Q3 25 | 1.5% | 1.0% | ||
| Q2 25 | 2.5% | 1.0% | ||
| Q1 25 | 1.6% | 1.0% | ||
| Q4 24 | 1.3% | 1.1% | ||
| Q3 24 | 1.7% | 1.1% | ||
| Q2 24 | 2.7% | 1.2% | ||
| Q1 24 | 1.6% | 1.3% |
现金转化率DECKHSIC
| Q4 25 | 2.17× | 3.77× | ||
| Q3 25 | 0.03× | 1.72× | ||
| Q2 25 | 0.26× | 1.40× | ||
| Q1 25 | -0.48× | 0.34× | ||
| Q4 24 | 2.40× | 2.17× | ||
| Q3 24 | -0.37× | 1.53× | ||
| Q2 24 | 0.97× | 2.85× | ||
| Q1 24 | -0.22× | 2.12× |
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% |
HSIC
| Global Dental Merchandise | $1.2B | 35% |
| Global Medical | $1.1B | 31% |
| Global Dental Equipment | $536.0M | 16% |
| Global Specialty Products | $422.0M | 12% |
| Global Technology | $173.0M | 5% |
| Global Value Added Services | $64.0M | 2% |
| Equity Method Investee | $14.0M | 0% |
