vs
Deckers Brands（DECK）与直觉外科（ISRG）财务数据对比。点击上方公司名可切换其他公司
直觉外科的季度营收约是Deckers Brands的1.4倍（$2.8B vs $2.0B），直觉外科净利率更高（29.8% vs 24.6%，领先5.2%），直觉外科同比增速更快（23.0% vs 7.1%），过去两年Deckers Brands的营收复合增速更高（42.8% vs 17.4%）
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。
直觉外科（Intuitive Surgical）是美国医疗科技企业，主打研发、生产及销售微创外科手术机器人产品，核心产品为达芬奇手术系统，可有效提升患者临床治疗效果。该公司为纳斯达克100、标普100及标普500指数成分股，截至2021年末全球达芬奇系统装机量达6730台，其中美国市场占4139台。
DECK vs ISRG — 直观对比
营收规模更大
ISRG
是对方的1.4倍
$2.0B
营收增速更快
ISRG
高出15.8%
7.1%
净利率更高
ISRG
高出5.2%
24.6%
两年增速更快
DECK
近两年复合增速
17.4%
损益表 — Q3 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $2.0B | $2.8B |
| 净利润 | $481.1M | $826.0M |
| 毛利率 | 59.8% | 66.1% |
| 营业利润率 | 31.4% | — |
| 净利率 | 24.6% | 29.8% |
| 营收同比 | 7.1% | 23.0% |
| 净利润同比 | 5.3% | 17.4% |
| 每股收益（稀释后） | $3.33 | $2.28 |
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DECKISRG
| Q1 26 | — | $2.8B | ||
| Q4 25 | $2.0B | $2.9B | ||
| Q3 25 | $1.4B | $2.5B | ||
| Q2 25 | $964.5M | $2.4B | ||
| Q1 25 | $1.0B | $2.3B | ||
| Q4 24 | $1.8B | $2.4B | ||
| Q3 24 | $1.3B | $2.0B | ||
| Q2 24 | $825.3M | $2.0B |
净利润DECKISRG
| Q1 26 | — | $826.0M | ||
| Q4 25 | $481.1M | $794.8M | ||
| Q3 25 | $268.2M | $704.4M | ||
| Q2 25 | $139.2M | $658.4M | ||
| Q1 25 | $151.4M | $698.4M | ||
| Q4 24 | $456.7M | $685.7M | ||
| Q3 24 | $242.3M | $565.1M | ||
| Q2 24 | $115.6M | $526.9M |
毛利率DECKISRG
| Q1 26 | — | 66.1% | ||
| Q4 25 | 59.8% | 66.4% | ||
| Q3 25 | 56.2% | 66.4% | ||
| Q2 25 | 55.8% | 66.3% | ||
| Q1 25 | 56.7% | 64.7% | ||
| Q4 24 | 60.3% | 68.0% | ||
| Q3 24 | 55.9% | 67.4% | ||
| Q2 24 | 56.9% | 68.3% |
营业利润率DECKISRG
| Q1 26 | — | — | ||
| Q4 25 | 31.4% | 30.2% | ||
| Q3 25 | 22.8% | 30.3% | ||
| Q2 25 | 17.1% | 30.5% | ||
| Q1 25 | 17.0% | 25.7% | ||
| Q4 24 | 31.0% | 30.4% | ||
| Q3 24 | 23.3% | 28.3% | ||
| Q2 24 | 16.1% | 28.2% |
净利率DECKISRG
| Q1 26 | — | 29.8% | ||
| Q4 25 | 24.6% | 27.7% | ||
| Q3 25 | 18.7% | 28.1% | ||
| Q2 25 | 14.4% | 27.0% | ||
| Q1 25 | 14.8% | 31.0% | ||
| Q4 24 | 25.0% | 28.4% | ||
| Q3 24 | 18.5% | 27.7% | ||
| Q2 24 | 14.0% | 26.2% |
每股收益（稀释后）DECKISRG
| Q1 26 | — | $2.28 | ||
| Q4 25 | $3.33 | $2.19 | ||
| Q3 25 | $1.82 | $1.95 | ||
| Q2 25 | $0.93 | $1.81 | ||
| Q1 25 | $-2.78 | $1.92 | ||
| Q4 24 | $3.00 | $1.89 | ||
| Q3 24 | $1.59 | $1.56 | ||
| Q2 24 | $4.52 | $1.46 |
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 | — |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $2.6B | $17.6B |
| 总资产 | $4.1B | $20.1B |
| 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DECKISRG
| Q1 26 | — | — | ||
| Q4 25 | $2.1B | $5.9B | ||
| Q3 25 | $1.4B | $4.9B | ||
| Q2 25 | $1.7B | $5.3B | ||
| Q1 25 | $1.9B | $4.5B | ||
| Q4 24 | $2.2B | $4.0B | ||
| Q3 24 | $1.2B | $4.2B | ||
| Q2 24 | $1.4B | $4.8B |
股东权益DECKISRG
| Q1 26 | — | $17.6B | ||
| Q4 25 | $2.6B | $17.8B | ||
| Q3 25 | $2.5B | $16.9B | ||
| Q2 25 | $2.5B | $17.8B | ||
| Q1 25 | $2.5B | $17.1B | ||
| Q4 24 | $2.6B | $16.4B | ||
| Q3 24 | $2.2B | $15.6B | ||
| Q2 24 | $2.1B | $14.7B |
总资产DECKISRG
| Q1 26 | — | $20.1B | ||
| Q4 25 | $4.1B | $20.5B | ||
| Q3 25 | $3.8B | $19.4B | ||
| Q2 25 | $3.8B | $20.2B | ||
| Q1 25 | $3.6B | $19.2B | ||
| Q4 24 | $4.0B | $18.7B | ||
| Q3 24 | $3.4B | $17.7B | ||
| Q2 24 | $3.3B | $16.6B |
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 | — |
| 自由现金流经营现金流 - 资本支出 | $1.0B | — |
| 自由现金流率自由现金流/营收 | 52.1% | — |
| 资本支出强度资本支出/营收 | 1.1% | — |
| 现金转化率经营现金流/净利润 | 2.17× | — |
| 过去12个月自由现金流最近4个季度 | $929.1M | — |
8季度趋势，按日历期对齐
经营现金流DECKISRG
| Q1 26 | — | — | ||
| Q4 25 | $1.0B | $892.5M | ||
| Q3 25 | $8.1M | $841.0M | ||
| Q2 25 | $36.1M | $715.4M | ||
| Q1 25 | $-73.0M | $581.6M | ||
| Q4 24 | $1.1B | $822.6M | ||
| Q3 24 | $-90.5M | $706.5M | ||
| Q2 24 | $112.7M | $620.5M |
自由现金流DECKISRG
| Q1 26 | — | — | ||
| Q4 25 | $1.0B | $730.0M | ||
| Q3 25 | $-13.9M | $735.6M | ||
| Q2 25 | $12.2M | $560.1M | ||
| Q1 25 | $-89.4M | $465.0M | ||
| Q4 24 | $1.1B | $510.6M | ||
| Q3 24 | $-113.4M | $458.6M | ||
| Q2 24 | $90.1M | $311.1M |
自由现金流率DECKISRG
| Q1 26 | — | — | ||
| Q4 25 | 52.1% | 25.5% | ||
| Q3 25 | -1.0% | 29.4% | ||
| Q2 25 | 1.3% | 23.0% | ||
| Q1 25 | -8.8% | 20.6% | ||
| Q4 24 | 58.6% | 21.2% | ||
| Q3 24 | -8.6% | 22.5% | ||
| Q2 24 | 10.9% | 15.5% |
资本支出强度DECKISRG
| Q1 26 | — | — | ||
| Q4 25 | 1.1% | 5.7% | ||
| Q3 25 | 1.5% | 4.2% | ||
| Q2 25 | 2.5% | 6.4% | ||
| Q1 25 | 1.6% | 5.2% | ||
| Q4 24 | 1.3% | 12.9% | ||
| Q3 24 | 1.7% | 12.2% | ||
| Q2 24 | 2.7% | 15.4% |
现金转化率DECKISRG
| Q1 26 | — | — | ||
| Q4 25 | 2.17× | 1.12× | ||
| Q3 25 | 0.03× | 1.19× | ||
| Q2 25 | 0.26× | 1.09× | ||
| Q1 25 | -0.48× | 0.83× | ||
| Q4 24 | 2.40× | 1.20× | ||
| Q3 24 | -0.37× | 1.25× | ||
| Q2 24 | 0.97× | 1.18× |
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% |
ISRG
| Instruments and accessories | $1.7B | 61% |
| Systems | $650.7M | 23% |
| Services | $433.7M | 16% |
