vs
Deckers Brands（DECK）与宜瑞安（INGR）财务数据对比。点击上方公司名可切换其他公司
Deckers Brands的季度营收约是宜瑞安的1.1倍（$2.0B vs $1.8B），Deckers Brands净利率更高（24.6% vs 9.5%，领先15.1%），Deckers Brands同比增速更快（7.1% vs -2.4%），Deckers Brands自由现金流更多（$1.0B vs $270.0M），过去两年Deckers Brands的营收复合增速更高（42.8% vs -3.4%）
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。
宜瑞安（Ingredion Inc.）是总部位于美国伊利诺伊州的食品饮料配料供应商，主打产品包括淀粉、非转基因甜味剂、甜菊糖、豌豆蛋白等，以玉米、木薯、马铃薯、谷物、果蔬等为原料，产品供应食品、饮料、酿造、制药等多个行业，在全球44个站点拥有约1.2万名员工，客户覆盖超120个国家。
DECK vs INGR — 直观对比
营收规模更大
DECK
是对方的1.1倍
$1.8B
营收增速更快
DECK
高出9.5%
-2.4%
净利率更高
DECK
高出15.1%
9.5%
自由现金流更多
DECK
多$750.3M
$270.0M
两年增速更快
DECK
近两年复合增速
-3.4%
损益表 — Q3 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $2.0B | $1.8B |
| 净利润 | $481.1M | $167.0M |
| 毛利率 | 59.8% | 24.5% |
| 营业利润率 | 31.4% | 12.5% |
| 净利率 | 24.6% | 9.5% |
| 营收同比 | 7.1% | -2.4% |
| 净利润同比 | 5.3% | 72.2% |
| 每股收益（稀释后） | $3.33 | $2.58 |
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DECKINGR
| Q4 25 | $2.0B | $1.8B | ||
| Q3 25 | $1.4B | $1.8B | ||
| Q2 25 | $964.5M | $1.8B | ||
| Q1 25 | $1.0B | $1.8B | ||
| Q4 24 | $1.8B | $1.8B | ||
| Q3 24 | $1.3B | $1.9B | ||
| Q2 24 | $825.3M | $1.9B | ||
| Q1 24 | $959.8M | $1.9B |
净利润DECKINGR
| Q4 25 | $481.1M | $167.0M | ||
| Q3 25 | $268.2M | $171.0M | ||
| Q2 25 | $139.2M | $196.0M | ||
| Q1 25 | $151.4M | $197.0M | ||
| Q4 24 | $456.7M | $97.0M | ||
| Q3 24 | $242.3M | $188.0M | ||
| Q2 24 | $115.6M | $148.0M | ||
| Q1 24 | $127.5M | $216.0M |
毛利率DECKINGR
| Q4 25 | 59.8% | 24.5% | ||
| Q3 25 | 56.2% | 25.1% | ||
| Q2 25 | 55.8% | 26.0% | ||
| Q1 25 | 56.7% | 25.7% | ||
| Q4 24 | 60.3% | 24.9% | ||
| Q3 24 | 55.9% | 25.6% | ||
| Q2 24 | 56.9% | 23.7% | ||
| Q1 24 | 56.2% | 22.2% |
营业利润率DECKINGR
| Q4 25 | 31.4% | 12.5% | ||
| Q3 25 | 22.8% | 13.7% | ||
| Q2 25 | 17.1% | 14.8% | ||
| Q1 25 | 17.0% | 15.2% | ||
| Q4 24 | 31.0% | 9.0% | ||
| Q3 24 | 23.3% | 14.3% | ||
| Q2 24 | 16.1% | 12.8% | ||
| Q1 24 | 15.0% | 11.3% |
净利率DECKINGR
| Q4 25 | 24.6% | 9.5% | ||
| Q3 25 | 18.7% | 9.4% | ||
| Q2 25 | 14.4% | 10.7% | ||
| Q1 25 | 14.8% | 10.9% | ||
| Q4 24 | 25.0% | 5.4% | ||
| Q3 24 | 18.5% | 10.1% | ||
| Q2 24 | 14.0% | 7.9% | ||
| Q1 24 | 13.3% | 11.5% |
每股收益（稀释后）DECKINGR
| Q4 25 | $3.33 | $2.58 | ||
| Q3 25 | $1.82 | $2.61 | ||
| Q2 25 | $0.93 | $2.99 | ||
| Q1 25 | $-2.78 | $3.00 | ||
| Q4 24 | $3.00 | $1.43 | ||
| Q3 24 | $1.59 | $2.83 | ||
| Q2 24 | $4.52 | $2.22 | ||
| Q1 24 | $4.82 | $3.23 |
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 | $1.0B |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $2.6B | $4.3B |
| 总资产 | $4.1B | $7.9B |
| 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DECKINGR
| Q4 25 | $2.1B | $1.0B | ||
| Q3 25 | $1.4B | $915.0M | ||
| Q2 25 | $1.7B | $861.0M | ||
| Q1 25 | $1.9B | $837.0M | ||
| Q4 24 | $2.2B | $997.0M | ||
| Q3 24 | $1.2B | $877.0M | ||
| Q2 24 | $1.4B | $505.0M | ||
| Q1 24 | $1.5B | $438.0M |
股东权益DECKINGR
| Q4 25 | $2.6B | $4.3B | ||
| Q3 25 | $2.5B | $4.2B | ||
| Q2 25 | $2.5B | $4.2B | ||
| Q1 25 | $2.5B | $4.0B | ||
| Q4 24 | $2.6B | $3.8B | ||
| Q3 24 | $2.2B | $4.0B | ||
| Q2 24 | $2.1B | $3.7B | ||
| Q1 24 | $2.1B | $3.7B |
总资产DECKINGR
| Q4 25 | $4.1B | $7.9B | ||
| Q3 25 | $3.8B | $7.8B | ||
| Q2 25 | $3.8B | $7.8B | ||
| Q1 25 | $3.6B | $7.5B | ||
| Q4 24 | $4.0B | $7.4B | ||
| Q3 24 | $3.4B | $7.5B | ||
| Q2 24 | $3.3B | $7.2B | ||
| Q1 24 | $3.1B | $7.3B |
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 | $405.0M |
| 自由现金流经营现金流 - 资本支出 | $1.0B | $270.0M |
| 自由现金流率自由现金流/营收 | 52.1% | 15.4% |
| 资本支出强度资本支出/营收 | 1.1% | 7.7% |
| 现金转化率经营现金流/净利润 | 2.17× | 2.43× |
| 过去12个月自由现金流最近4个季度 | $929.1M | $511.0M |
8季度趋势，按日历期对齐
经营现金流DECKINGR
| Q4 25 | $1.0B | $405.0M | ||
| Q3 25 | $8.1M | $277.0M | ||
| Q2 25 | $36.1M | $185.0M | ||
| Q1 25 | $-73.0M | $77.0M | ||
| Q4 24 | $1.1B | $436.0M | ||
| Q3 24 | $-90.5M | $479.0M | ||
| Q2 24 | $112.7M | $312.0M | ||
| Q1 24 | $-28.7M | $209.0M |
自由现金流DECKINGR
| Q4 25 | $1.0B | $270.0M | ||
| Q3 25 | $-13.9M | $172.0M | ||
| Q2 25 | $12.2M | $84.0M | ||
| Q1 25 | $-89.4M | $-15.0M | ||
| Q4 24 | $1.1B | $311.0M | ||
| Q3 24 | $-113.4M | $429.0M | ||
| Q2 24 | $90.1M | $257.0M | ||
| Q1 24 | $-44.0M | $144.0M |
自由现金流率DECKINGR
| Q4 25 | 52.1% | 15.4% | ||
| Q3 25 | -1.0% | 9.5% | ||
| Q2 25 | 1.3% | 4.6% | ||
| Q1 25 | -8.8% | -0.8% | ||
| Q4 24 | 58.6% | 17.3% | ||
| Q3 24 | -8.6% | 22.9% | ||
| Q2 24 | 10.9% | 13.7% | ||
| Q1 24 | -4.6% | 7.7% |
资本支出强度DECKINGR
| Q4 25 | 1.1% | 7.7% | ||
| Q3 25 | 1.5% | 5.8% | ||
| Q2 25 | 2.5% | 5.5% | ||
| Q1 25 | 1.6% | 5.1% | ||
| Q4 24 | 1.3% | 6.9% | ||
| Q3 24 | 1.7% | 2.7% | ||
| Q2 24 | 2.7% | 2.9% | ||
| Q1 24 | 1.6% | 3.5% |
现金转化率DECKINGR
| Q4 25 | 2.17× | 2.43× | ||
| Q3 25 | 0.03× | 1.62× | ||
| Q2 25 | 0.26× | 0.94× | ||
| Q1 25 | -0.48× | 0.39× | ||
| Q4 24 | 2.40× | 4.49× | ||
| Q3 24 | -0.37× | 2.55× | ||
| Q2 24 | 0.97× | 2.11× | ||
| Q1 24 | -0.22× | 0.97× |
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% |
INGR
| Food And Industrial Ingredients LATAM Segment | $599.0M | 34% |
| Texture And Healthful Solutions Segment | $598.0M | 34% |
| Food And Industrial Ingredients U.S.Canada Segment | $486.0M | 28% |
| Other | $74.0M | 4% |
