vs
Deckers Brands（DECK）与ICAHN ENTERPRISES L.P.（IEP）财务数据对比。点击上方公司名可切换其他公司
ICAHN ENTERPRISES L.P.的季度营收约是Deckers Brands的1.4倍（$2.7B vs $2.0B），Deckers Brands净利率更高（24.6% vs 0.0%，领先24.5%），Deckers Brands同比增速更快（7.1% vs 5.4%），Deckers Brands自由现金流更多（$1.0B vs $-496.0M），过去两年Deckers Brands的营收复合增速更高（42.8% vs 4.5%）
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。
伊坎企业有限合伙企业是美国上市的 Master 有限合伙企业与多元化集团，总部位于佛罗里达州阳光岛海滩的弥尔顿大厦。公司投资布局覆盖能源、汽车、食品包装、金属、房地产、家居时尚等多个领域，由知名投资人卡尔·伊坎控股，其持股比例达86%。
DECK vs IEP — 直观对比
营收规模更大
IEP
是对方的1.4倍
$2.0B
营收增速更快
DECK
高出1.8%
5.4%
净利率更高
DECK
高出24.5%
0.0%
自由现金流更多
DECK
多$1.5B
$-496.0M
两年增速更快
DECK
近两年复合增速
4.5%
损益表 — Q3 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $2.0B | $2.7B |
| 净利润 | $481.1M | $1.0M |
| 毛利率 | 59.8% | — |
| 营业利润率 | 31.4% | 0.6% |
| 净利率 | 24.6% | 0.0% |
| 营收同比 | 7.1% | 5.4% |
| 净利润同比 | 5.3% | 101.0% |
| 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DECKIEP
| Q4 25 | $2.0B | $2.7B | ||
| Q3 25 | $1.4B | $2.7B | ||
| Q2 25 | $964.5M | $2.4B | ||
| Q1 25 | $1.0B | $1.9B | ||
| Q4 24 | $1.8B | $2.6B | ||
| Q3 24 | $1.3B | $2.8B | ||
| Q2 24 | $825.3M | $2.2B | ||
| Q1 24 | $959.8M | $2.5B |
净利润DECKIEP
| Q4 25 | $481.1M | $1.0M | ||
| Q3 25 | $268.2M | $287.0M | ||
| Q2 25 | $139.2M | $-165.0M | ||
| Q1 25 | $151.4M | $-422.0M | ||
| Q4 24 | $456.7M | $-98.0M | ||
| Q3 24 | $242.3M | $22.0M | ||
| Q2 24 | $115.6M | $-331.0M | ||
| Q1 24 | $127.5M | $-38.0M |
毛利率DECKIEP
| Q4 25 | 59.8% | — | ||
| Q3 25 | 56.2% | — | ||
| Q2 25 | 55.8% | — | ||
| Q1 25 | 56.7% | — | ||
| Q4 24 | 60.3% | — | ||
| Q3 24 | 55.9% | — | ||
| Q2 24 | 56.9% | — | ||
| Q1 24 | 56.2% | — |
营业利润率DECKIEP
| Q4 25 | 31.4% | 0.6% | ||
| Q3 25 | 22.8% | 19.7% | ||
| Q2 25 | 17.1% | -10.4% | ||
| Q1 25 | 17.0% | -35.0% | ||
| Q4 24 | 31.0% | -5.2% | ||
| Q3 24 | 23.3% | 2.4% | ||
| Q2 24 | 16.1% | -21.9% | ||
| Q1 24 | 15.0% | -0.8% |
净利率DECKIEP
| Q4 25 | 24.6% | 0.0% | ||
| Q3 25 | 18.7% | 10.5% | ||
| Q2 25 | 14.4% | -7.0% | ||
| Q1 25 | 14.8% | -22.6% | ||
| Q4 24 | 25.0% | -3.8% | ||
| Q3 24 | 18.5% | 0.8% | ||
| Q2 24 | 14.0% | -15.0% | ||
| Q1 24 | 13.3% | -1.5% |
每股收益（稀释后）DECKIEP
| 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 | $1.4B |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $2.6B | — |
| 总资产 | $4.1B | $14.2B |
| 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DECKIEP
| Q4 25 | $2.1B | $1.4B | ||
| Q3 25 | $1.4B | $1.8B | ||
| Q2 25 | $1.7B | $1.8B | ||
| Q1 25 | $1.9B | $2.2B | ||
| Q4 24 | $2.2B | $2.6B | ||
| Q3 24 | $1.2B | $2.3B | ||
| Q2 24 | $1.4B | $2.2B | ||
| Q1 24 | $1.5B | $2.5B |
股东权益DECKIEP
| 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DECKIEP
| Q4 25 | $4.1B | $14.2B | ||
| Q3 25 | $3.8B | $14.8B | ||
| Q2 25 | $3.8B | $14.8B | ||
| Q1 25 | $3.6B | $15.5B | ||
| Q4 24 | $4.0B | $16.3B | ||
| Q3 24 | $3.4B | $17.4B | ||
| Q2 24 | $3.3B | $18.0B | ||
| Q1 24 | $3.1B | $20.1B |
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 | $-421.0M |
| 自由现金流经营现金流 - 资本支出 | $1.0B | $-496.0M |
| 自由现金流率自由现金流/营收 | 52.1% | -18.4% |
| 资本支出强度资本支出/营收 | 1.1% | 2.8% |
| 现金转化率经营现金流/净利润 | 2.17× | -421.00× |
| 过去12个月自由现金流最近4个季度 | $929.1M | $-654.0M |
8季度趋势，按日历期对齐
经营现金流DECKIEP
| Q4 25 | $1.0B | $-421.0M | ||
| Q3 25 | $8.1M | $15.0M | ||
| Q2 25 | $36.1M | $275.0M | ||
| Q1 25 | $-73.0M | $-182.0M | ||
| Q4 24 | $1.1B | $244.0M | ||
| Q3 24 | $-90.5M | $-54.0M | ||
| Q2 24 | $112.7M | $893.0M | ||
| Q1 24 | $-28.7M | $-251.0M |
自由现金流DECKIEP
| Q4 25 | $1.0B | $-496.0M | ||
| Q3 25 | $-13.9M | $-67.0M | ||
| Q2 25 | $12.2M | $179.0M | ||
| Q1 25 | $-89.4M | $-270.0M | ||
| Q4 24 | $1.1B | $156.0M | ||
| Q3 24 | $-113.4M | $-112.0M | ||
| Q2 24 | $90.1M | $827.0M | ||
| Q1 24 | $-44.0M | $-319.0M |
自由现金流率DECKIEP
| Q4 25 | 52.1% | -18.4% | ||
| Q3 25 | -1.0% | -2.5% | ||
| Q2 25 | 1.3% | 7.6% | ||
| Q1 25 | -8.8% | -14.5% | ||
| Q4 24 | 58.6% | 6.1% | ||
| Q3 24 | -8.6% | -4.0% | ||
| Q2 24 | 10.9% | 37.6% | ||
| Q1 24 | -4.6% | -12.9% |
资本支出强度DECKIEP
| Q4 25 | 1.1% | 2.8% | ||
| Q3 25 | 1.5% | 3.0% | ||
| Q2 25 | 2.5% | 4.1% | ||
| Q1 25 | 1.6% | 4.7% | ||
| Q4 24 | 1.3% | 3.4% | ||
| Q3 24 | 1.7% | 2.1% | ||
| Q2 24 | 2.7% | 3.0% | ||
| Q1 24 | 1.6% | 2.8% |
现金转化率DECKIEP
| Q4 25 | 2.17× | -421.00× | ||
| Q3 25 | 0.03× | 0.05× | ||
| Q2 25 | 0.26× | — | ||
| Q1 25 | -0.48× | — | ||
| Q4 24 | 2.40× | — | ||
| Q3 24 | -0.37× | -2.45× | ||
| Q2 24 | 0.97× | — | ||
| 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% |
IEP
| Public Utilities Inventory Petroleum Products | $1.6B | 61% |
| Other | $381.0M | 14% |
| Automotive Services | $345.0M | 13% |
| Nitrogen Fertilizer Products | $131.0M | 5% |
| Food Packaging Segment | $82.0M | 3% |
| Home Fashion Segment | $45.0M | 2% |
| Renewable Products | $32.0M | 1% |
| Pharma Segment | $23.0M | 1% |
| Holding Company | $11.0M | 0% |
