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Deckers Brands（DECK）与高德纳（IT）财务数据对比。点击上方公司名可切换其他公司
Deckers Brands的季度营收约是高德纳的1.1倍（$2.0B vs $1.8B），Deckers Brands净利率更高（24.6% vs 13.8%，领先10.8%），Deckers Brands同比增速更快（7.1% vs 2.2%），Deckers Brands自由现金流更多（$1.0B vs $270.7M），过去两年Deckers Brands的营收复合增速更高（42.8% vs 9.1%）
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。
高德纳是美国专注于商业与科技领域的研究咨询机构，服务客户覆盖大型企业、政府机构、科技公司、投资机构等群体，通过输出研究报告、举办行业峰会、提供定制咨询等形式，为客户决策提供权威专业的洞见支撑。
DECK vs IT — 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5.0%
2.2%
净利率更高
DECK
高出10.8%
13.8%
自由现金流更多
DECK
多$749.6M
$270.7M
两年增速更快
DECK
近两年复合增速
9.1%
损益表 — Q3 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $2.0B | $1.8B |
| 净利润 | $481.1M | $242.2M |
| 毛利率 | 59.8% | 67.8% |
| 营业利润率 | 31.4% | 19.1% |
| 净利率 | 24.6% | 13.8% |
| 营收同比 | 7.1% | 2.2% |
| 净利润同比 | 5.3% | -39.2% |
| 每股收益（稀释后） | $3.33 | $3.36 |
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DECKIT
| Q4 25 | $2.0B | $1.8B | ||
| Q3 25 | $1.4B | $1.5B | ||
| Q2 25 | $964.5M | $1.7B | ||
| Q1 25 | $1.0B | $1.5B | ||
| Q4 24 | $1.8B | $1.7B | ||
| Q3 24 | $1.3B | $1.5B | ||
| Q2 24 | $825.3M | $1.6B | ||
| Q1 24 | $959.8M | $1.5B |
净利润DECKIT
| Q4 25 | $481.1M | $242.2M | ||
| Q3 25 | $268.2M | $35.4M | ||
| Q2 25 | $139.2M | $240.8M | ||
| Q1 25 | $151.4M | $210.9M | ||
| Q4 24 | $456.7M | $398.6M | ||
| Q3 24 | $242.3M | $415.0M | ||
| Q2 24 | $115.6M | $229.5M | ||
| Q1 24 | $127.5M | $210.5M |
毛利率DECKIT
| Q4 25 | 59.8% | 67.8% | ||
| Q3 25 | 56.2% | 69.3% | ||
| Q2 25 | 55.8% | 68.6% | ||
| Q1 25 | 56.7% | 69.4% | ||
| Q4 24 | 60.3% | 66.8% | ||
| Q3 24 | 55.9% | 68.4% | ||
| Q2 24 | 56.9% | 68.6% | ||
| Q1 24 | 56.2% | 69.4% |
营业利润率DECKIT
| Q4 25 | 31.4% | 19.1% | ||
| Q3 25 | 22.8% | 5.7% | ||
| Q2 25 | 17.1% | 19.4% | ||
| Q1 25 | 17.0% | 18.1% | ||
| Q4 24 | 31.0% | 18.5% | ||
| Q3 24 | 23.3% | 16.6% | ||
| Q2 24 | 16.1% | 20.0% | ||
| Q1 24 | 15.0% | 18.6% |
净利率DECKIT
| Q4 25 | 24.6% | 13.8% | ||
| Q3 25 | 18.7% | 2.3% | ||
| Q2 25 | 14.4% | 14.3% | ||
| Q1 25 | 14.8% | 13.7% | ||
| Q4 24 | 25.0% | 23.2% | ||
| Q3 24 | 18.5% | 28.0% | ||
| Q2 24 | 14.0% | 14.4% | ||
| Q1 24 | 13.3% | 14.3% |
每股收益（稀释后）DECKIT
| Q4 25 | $3.33 | $3.36 | ||
| Q3 25 | $1.82 | $0.47 | ||
| Q2 25 | $0.93 | $3.11 | ||
| Q1 25 | $-2.78 | $2.71 | ||
| Q4 24 | $3.00 | $5.08 | ||
| Q3 24 | $1.59 | $5.32 | ||
| Q2 24 | $4.52 | $2.93 | ||
| Q1 24 | $4.82 | $2.67 |
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 | $1.7B |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $2.6B | $319.9M |
| 总资产 | $4.1B | $8.1B |
| 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DECKIT
| Q4 25 | $2.1B | $1.7B | ||
| Q3 25 | $1.4B | $1.4B | ||
| Q2 25 | $1.7B | $2.2B | ||
| Q1 25 | $1.9B | $2.1B | ||
| Q4 24 | $2.2B | $1.9B | ||
| Q3 24 | $1.2B | $1.8B | ||
| Q2 24 | $1.4B | $1.2B | ||
| Q1 24 | $1.5B | $1.2B |
股东权益DECKIT
| Q4 25 | $2.6B | $319.9M | ||
| Q3 25 | $2.5B | $556.6M | ||
| Q2 25 | $2.5B | $1.5B | ||
| Q1 25 | $2.5B | $1.5B | ||
| Q4 24 | $2.6B | $1.4B | ||
| Q3 24 | $2.2B | $1.1B | ||
| Q2 24 | $2.1B | $646.7M | ||
| Q1 24 | $2.1B | $718.2M |
总资产DECKIT
| Q4 25 | $4.1B | $8.1B | ||
| Q3 25 | $3.8B | $7.2B | ||
| Q2 25 | $3.8B | $8.3B | ||
| Q1 25 | $3.6B | $8.5B | ||
| Q4 24 | $4.0B | $8.5B | ||
| Q3 24 | $3.4B | $7.8B | ||
| Q2 24 | $3.3B | $7.4B | ||
| Q1 24 | $3.1B | $7.7B |
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 | $294.5M |
| 自由现金流经营现金流 - 资本支出 | $1.0B | $270.7M |
| 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% | 1.4% |
| 现金转化率经营现金流/净利润 | 2.17× | 1.22× |
| 过去12个月自由现金流最近4个季度 | $929.1M | $1.2B |
8季度趋势，按日历期对齐
经营现金流DECKIT
| Q4 25 | $1.0B | $294.5M | ||
| Q3 25 | $8.1M | $298.7M | ||
| Q2 25 | $36.1M | $383.6M | ||
| Q1 25 | $-73.0M | $313.5M | ||
| Q4 24 | $1.1B | $335.4M | ||
| Q3 24 | $-90.5M | $590.8M | ||
| Q2 24 | $112.7M | $370.0M | ||
| Q1 24 | $-28.7M | $188.8M |
自由现金流DECKIT
| Q4 25 | $1.0B | $270.7M | ||
| Q3 25 | $-13.9M | $269.3M | ||
| Q2 25 | $12.2M | $347.3M | ||
| Q1 25 | $-89.4M | $287.9M | ||
| Q4 24 | $1.1B | $311.4M | ||
| Q3 24 | $-113.4M | $565.0M | ||
| Q2 24 | $90.1M | $340.6M | ||
| Q1 24 | $-44.0M | $166.2M |
自由现金流率DECKIT
| Q4 25 | 52.1% | 15.4% | ||
| Q3 25 | -1.0% | 17.7% | ||
| Q2 25 | 1.3% | 20.6% | ||
| Q1 25 | -8.8% | 18.8% | ||
| Q4 24 | 58.6% | 18.2% | ||
| Q3 24 | -8.6% | 38.1% | ||
| Q2 24 | 10.9% | 21.4% | ||
| Q1 24 | -4.6% | 11.3% |
资本支出强度DECKIT
| Q4 25 | 1.1% | 1.4% | ||
| Q3 25 | 1.5% | 1.9% | ||
| Q2 25 | 2.5% | 2.1% | ||
| Q1 25 | 1.6% | 1.7% | ||
| Q4 24 | 1.3% | 1.4% | ||
| Q3 24 | 1.7% | 1.7% | ||
| Q2 24 | 2.7% | 1.8% | ||
| Q1 24 | 1.6% | 1.5% |
现金转化率DECKIT
| Q4 25 | 2.17× | 1.22× | ||
| Q3 25 | 0.03× | 8.45× | ||
| Q2 25 | 0.26× | 1.59× | ||
| Q1 25 | -0.48× | 1.49× | ||
| Q4 24 | 2.40× | 0.84× | ||
| Q3 24 | -0.37× | 1.42× | ||
| Q2 24 | 0.97× | 1.61× | ||
| Q1 24 | -0.22× | 0.90× |
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% |
IT
| Transferred Over Time | $1.3B | 73% |
| Conferences | $286.2M | 16% |
| Consulting | $133.6M | 8% |
| Other | $52.3M | 3% |
