vs
Deckers Brands（DECK）与哈贝尔（HUBB）财务数据对比。点击上方公司名可切换其他公司
Deckers Brands的季度营收约是哈贝尔的1.3倍（$2.0B vs $1.5B），Deckers Brands净利率更高（24.6% vs 14.6%，领先10.0%），哈贝尔同比增速更快（11.9% vs 7.1%），Deckers Brands自由现金流更多（$1.0B vs $388.8M），过去两年Deckers Brands的营收复合增速更高（42.8% vs 3.3%）
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。
哈贝尔（Hubbell Incorporated）是总部位于美国康涅狄格州谢尔顿的企业，由哈维·哈贝尔于1888年创立，1905年在康涅狄格州正式注册。公司主营电气及电子产品的设计、生产与销售，产品广泛应用于住宅、非住宅建筑、工业及公用事业等多个领域。
DECK vs HUBB — 直观对比
营收规模更大
DECK
是对方的1.3倍
$1.5B
营收增速更快
HUBB
高出4.7%
7.1%
净利率更高
DECK
高出10.0%
14.6%
自由现金流更多
DECK
多$631.5M
$388.8M
两年增速更快
DECK
近两年复合增速
3.3%
损益表 — Q3 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $2.0B | $1.5B |
| 净利润 | $481.1M | $217.7M |
| 毛利率 | 59.8% | 34.6% |
| 营业利润率 | 31.4% | 20.3% |
| 净利率 | 24.6% | 14.6% |
| 营收同比 | 7.1% | 11.9% |
| 净利润同比 | 5.3% | 10.5% |
| 每股收益（稀释后） | $3.33 | $4.06 |
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DECKHUBB
| Q4 25 | $2.0B | $1.5B | ||
| Q3 25 | $1.4B | $1.5B | ||
| Q2 25 | $964.5M | $1.5B | ||
| Q1 25 | $1.0B | $1.4B | ||
| Q4 24 | $1.8B | $1.3B | ||
| Q3 24 | $1.3B | $1.4B | ||
| Q2 24 | $825.3M | $1.5B | ||
| Q1 24 | $959.8M | $1.4B |
净利润DECKHUBB
| Q4 25 | $481.1M | $217.7M | ||
| Q3 25 | $268.2M | $255.5M | ||
| Q2 25 | $139.2M | $244.2M | ||
| Q1 25 | $151.4M | $169.7M | ||
| Q4 24 | $456.7M | $197.0M | ||
| Q3 24 | $242.3M | $219.4M | ||
| Q2 24 | $115.6M | $213.6M | ||
| Q1 24 | $127.5M | $147.8M |
毛利率DECKHUBB
| Q4 25 | 59.8% | 34.6% | ||
| Q3 25 | 56.2% | 36.2% | ||
| Q2 25 | 55.8% | 37.2% | ||
| Q1 25 | 56.7% | 33.1% | ||
| Q4 24 | 60.3% | 33.8% | ||
| Q3 24 | 55.9% | 34.5% | ||
| Q2 24 | 56.9% | 35.0% | ||
| Q1 24 | 56.2% | 32.0% |
营业利润率DECKHUBB
| Q4 25 | 31.4% | 20.3% | ||
| Q3 25 | 22.8% | 22.0% | ||
| Q2 25 | 17.1% | 22.7% | ||
| Q1 25 | 17.0% | 17.5% | ||
| Q4 24 | 31.0% | 19.3% | ||
| Q3 24 | 23.3% | 21.1% | ||
| Q2 24 | 16.1% | 20.7% | ||
| Q1 24 | 15.0% | 16.3% |
净利率DECKHUBB
| Q4 25 | 24.6% | 14.6% | ||
| Q3 25 | 18.7% | 17.0% | ||
| Q2 25 | 14.4% | 16.5% | ||
| Q1 25 | 14.8% | 12.4% | ||
| Q4 24 | 25.0% | 14.8% | ||
| Q3 24 | 18.5% | 15.2% | ||
| Q2 24 | 14.0% | 14.7% | ||
| Q1 24 | 13.3% | 10.6% |
每股收益（稀释后）DECKHUBB
| Q4 25 | $3.33 | $4.06 | ||
| Q3 25 | $1.82 | $4.77 | ||
| Q2 25 | $0.93 | $4.56 | ||
| Q1 25 | $-2.78 | $3.15 | ||
| Q4 24 | $3.00 | $3.65 | ||
| Q3 24 | $1.59 | $4.05 | ||
| Q2 24 | $4.52 | $3.94 | ||
| Q1 24 | $4.82 | $2.73 |
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 | $497.9M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $2.6B | $3.8B |
| 总资产 | $4.1B | $8.2B |
| 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DECKHUBB
| Q4 25 | $2.1B | $497.9M | ||
| Q3 25 | $1.4B | $680.9M | ||
| Q2 25 | $1.7B | $399.6M | ||
| Q1 25 | $1.9B | $360.3M | ||
| Q4 24 | $2.2B | $345.0M | ||
| Q3 24 | $1.2B | $445.6M | ||
| Q2 24 | $1.4B | $406.5M | ||
| Q1 24 | $1.5B | $400.3M |
总债务DECKHUBB
| Q4 25 | — | — | ||
| Q3 25 | — | $1.4B | ||
| Q2 25 | — | $1.4B | ||
| Q1 25 | — | $1.4B | ||
| Q4 24 | — | $1.4B | ||
| Q3 24 | — | $1.7B | ||
| Q2 24 | — | $1.9B | ||
| Q1 24 | — | $1.9B |
股东权益DECKHUBB
| Q4 25 | $2.6B | $3.8B | ||
| Q3 25 | $2.5B | $3.7B | ||
| Q2 25 | $2.5B | $3.5B | ||
| Q1 25 | $2.5B | $3.3B | ||
| Q4 24 | $2.6B | $3.3B | ||
| Q3 24 | $2.2B | $3.2B | ||
| Q2 24 | $2.1B | $3.1B | ||
| Q1 24 | $2.1B | $2.9B |
总资产DECKHUBB
| Q4 25 | $4.1B | $8.2B | ||
| Q3 25 | $3.8B | $7.5B | ||
| Q2 25 | $3.8B | $7.1B | ||
| Q1 25 | $3.6B | $6.9B | ||
| Q4 24 | $4.0B | $6.7B | ||
| Q3 24 | $3.4B | $6.9B | ||
| Q2 24 | $3.3B | $6.9B | ||
| Q1 24 | $3.1B | $6.9B |
负债/权益比DECKHUBB
| Q4 25 | — | — | ||
| Q3 25 | — | 0.39× | ||
| Q2 25 | — | 0.41× | ||
| Q1 25 | — | 0.44× | ||
| Q4 24 | — | 0.44× | ||
| Q3 24 | — | 0.51× | ||
| Q2 24 | — | 0.63× | ||
| Q1 24 | — | 0.65× |
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 | $447.5M |
| 自由现金流经营现金流 - 资本支出 | $1.0B | $388.8M |
| 自由现金流率自由现金流/营收 | 52.1% | 26.0% |
| 资本支出强度资本支出/营收 | 1.1% | 3.9% |
| 现金转化率经营现金流/净利润 | 2.17× | 2.06× |
| 过去12个月自由现金流最近4个季度 | $929.1M | $874.7M |
8季度趋势，按日历期对齐
经营现金流DECKHUBB
| Q4 25 | $1.0B | $447.5M | ||
| Q3 25 | $8.1M | $284.3M | ||
| Q2 25 | $36.1M | $260.6M | ||
| Q1 25 | $-73.0M | $37.4M | ||
| Q4 24 | $1.1B | $432.4M | ||
| Q3 24 | $-90.5M | $227.0M | ||
| Q2 24 | $112.7M | $239.6M | ||
| Q1 24 | $-28.7M | $92.2M |
自由现金流DECKHUBB
| Q4 25 | $1.0B | $388.8M | ||
| Q3 25 | $-13.9M | $253.8M | ||
| Q2 25 | $12.2M | $220.7M | ||
| Q1 25 | $-89.4M | $11.4M | ||
| Q4 24 | $1.1B | $364.4M | ||
| Q3 24 | $-113.4M | $188.8M | ||
| Q2 24 | $90.1M | $205.7M | ||
| Q1 24 | $-44.0M | $51.9M |
自由现金流率DECKHUBB
| Q4 25 | 52.1% | 26.0% | ||
| Q3 25 | -1.0% | 16.9% | ||
| Q2 25 | 1.3% | 14.9% | ||
| Q1 25 | -8.8% | 0.8% | ||
| Q4 24 | 58.6% | 27.3% | ||
| Q3 24 | -8.6% | 13.1% | ||
| Q2 24 | 10.9% | 14.2% | ||
| Q1 24 | -4.6% | 3.7% |
资本支出强度DECKHUBB
| Q4 25 | 1.1% | 3.9% | ||
| Q3 25 | 1.5% | 2.0% | ||
| Q2 25 | 2.5% | 2.7% | ||
| Q1 25 | 1.6% | 1.9% | ||
| Q4 24 | 1.3% | 5.1% | ||
| Q3 24 | 1.7% | 2.6% | ||
| Q2 24 | 2.7% | 2.3% | ||
| Q1 24 | 1.6% | 2.9% |
现金转化率DECKHUBB
| Q4 25 | 2.17× | 2.06× | ||
| Q3 25 | 0.03× | 1.11× | ||
| Q2 25 | 0.26× | 1.07× | ||
| Q1 25 | -0.48× | 0.22× | ||
| Q4 24 | 2.40× | 2.19× | ||
| Q3 24 | -0.37× | 1.03× | ||
| Q2 24 | 0.97× | 1.12× | ||
| Q1 24 | -0.22× | 0.62× |
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% |
HUBB
| Grid Infrastructure | $717.0M | 48% |
| Industrial | $393.7M | 26% |
| Grid Automation | $218.9M | 15% |
| Electrical Products | $163.1M | 11% |
