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Deckers Brands（DECK）与景顺（IVZ）财务数据对比。点击上方公司名可切换其他公司
Deckers Brands的季度营收约是景顺的1.2倍（$2.0B vs $1.7B），Deckers Brands净利率更高（24.6% vs -58.9%，领先83.4%），Deckers Brands同比增速更快（7.1% vs 6.2%），Deckers Brands自由现金流更多（$1.0B vs $432.2M），过去两年Deckers Brands的营收复合增速更高（42.8% vs 7.1%）
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。
景顺是总部位于美国佐治亚州亚特兰大的独立投资管理企业，在全球20个国家设有分支机构，旗下运营景顺、Invesco Perpetual、PowerShares等品牌，普通股为标普500指数成分股，于纽约证券交易所挂牌交易。
DECK vs IVZ — 直观对比
营收规模更大
DECK
是对方的1.2倍
$1.7B
营收增速更快
DECK
高出0.9%
6.2%
净利率更高
DECK
高出83.4%
-58.9%
自由现金流更多
DECK
多$588.1M
$432.2M
两年增速更快
DECK
近两年复合增速
7.1%
损益表 — Q3 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $2.0B | $1.7B |
| 净利润 | $481.1M | $-995.9M |
| 毛利率 | 59.8% | — |
| 营业利润率 | 31.4% | -86.2% |
| 净利率 | 24.6% | -58.9% |
| 营收同比 | 7.1% | 6.2% |
| 净利润同比 | 5.3% | -575.8% |
| 每股收益（稀释后） | $3.33 | $-2.61 |
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DECKIVZ
| Q4 25 | $2.0B | $1.7B | ||
| Q3 25 | $1.4B | $1.6B | ||
| Q2 25 | $964.5M | $1.5B | ||
| Q1 25 | $1.0B | $1.5B | ||
| Q4 24 | $1.8B | $1.6B | ||
| Q3 24 | $1.3B | $1.5B | ||
| Q2 24 | $825.3M | $1.5B | ||
| Q1 24 | $959.8M | $1.5B |
净利润DECKIVZ
| Q4 25 | $481.1M | $-995.9M | ||
| Q3 25 | $268.2M | $356.4M | ||
| Q2 25 | $139.2M | $197.4M | ||
| Q1 25 | $151.4M | $171.1M | ||
| Q4 24 | $456.7M | $209.3M | ||
| Q3 24 | $242.3M | $55.0M | ||
| Q2 24 | $115.6M | $132.2M | ||
| Q1 24 | $127.5M | $141.5M |
毛利率DECKIVZ
| 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DECKIVZ
| Q4 25 | 31.4% | -86.2% | ||
| Q3 25 | 22.8% | 16.5% | ||
| Q2 25 | 17.1% | 14.1% | ||
| Q1 25 | 17.0% | 18.1% | ||
| Q4 24 | 31.0% | 19.6% | ||
| Q3 24 | 23.3% | 6.6% | ||
| Q2 24 | 16.1% | 13.9% | ||
| Q1 24 | 15.0% | 14.4% |
净利率DECKIVZ
| Q4 25 | 24.6% | -58.9% | ||
| Q3 25 | 18.7% | 21.7% | ||
| Q2 25 | 14.4% | 13.0% | ||
| Q1 25 | 14.8% | 11.2% | ||
| Q4 24 | 25.0% | 13.1% | ||
| Q3 24 | 18.5% | 3.6% | ||
| Q2 24 | 14.0% | 8.9% | ||
| Q1 24 | 13.3% | 9.6% |
每股收益（稀释后）DECKIVZ
| Q4 25 | $3.33 | $-2.61 | ||
| Q3 25 | $1.82 | $0.66 | ||
| Q2 25 | $0.93 | $-0.03 | ||
| Q1 25 | $-2.78 | $0.38 | ||
| Q4 24 | $3.00 | $0.46 | ||
| Q3 24 | $1.59 | $0.12 | ||
| Q2 24 | $4.52 | $0.29 | ||
| Q1 24 | $4.82 | $0.31 |
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 | — | $1.8B |
| 股东权益账面价值 | $2.6B | $12.2B |
| 总资产 | $4.1B | $27.1B |
| 负债/权益比越低杠杆越低 | — | 0.15× |
8季度趋势，按日历期对齐
现金及短期投资DECKIVZ
| Q4 25 | $2.1B | $1.0B | ||
| Q3 25 | $1.4B | $973.1M | ||
| Q2 25 | $1.7B | $922.7M | ||
| Q1 25 | $1.9B | $821.7M | ||
| Q4 24 | $2.2B | $986.5M | ||
| Q3 24 | $1.2B | $1.0B | ||
| Q2 24 | $1.4B | $878.5M | ||
| Q1 24 | $1.5B | $895.7M |
总债务DECKIVZ
| Q4 25 | — | $1.8B | ||
| Q3 25 | — | $1.6B | ||
| Q2 25 | — | $1.9B | ||
| Q1 25 | — | $964.8M | ||
| Q4 24 | — | $890.6M | ||
| Q3 24 | — | $890.3M | ||
| Q2 24 | — | $890.1M | ||
| Q1 24 | — | $1.3B |
股东权益DECKIVZ
| Q4 25 | $2.6B | $12.2B | ||
| Q3 25 | $2.5B | $14.0B | ||
| Q2 25 | $2.5B | $13.9B | ||
| Q1 25 | $2.5B | $14.7B | ||
| Q4 24 | $2.6B | $14.6B | ||
| Q3 24 | $2.2B | $14.8B | ||
| Q2 24 | $2.1B | $14.6B | ||
| Q1 24 | $2.1B | $14.6B |
总资产DECKIVZ
| Q4 25 | $4.1B | $27.1B | ||
| Q3 25 | $3.8B | $28.4B | ||
| Q2 25 | $3.8B | $28.5B | ||
| Q1 25 | $3.6B | $28.1B | ||
| Q4 24 | $4.0B | $27.0B | ||
| Q3 24 | $3.4B | $27.5B | ||
| Q2 24 | $3.3B | $27.2B | ||
| Q1 24 | $3.1B | $28.1B |
负债/权益比DECKIVZ
| Q4 25 | — | 0.15× | ||
| Q3 25 | — | 0.12× | ||
| Q2 25 | — | 0.14× | ||
| Q1 25 | — | 0.07× | ||
| Q4 24 | — | 0.06× | ||
| Q3 24 | — | 0.06× | ||
| Q2 24 | — | 0.06× | ||
| Q1 24 | — | 0.09× |
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 | $455.8M |
| 自由现金流经营现金流 - 资本支出 | $1.0B | $432.2M |
| 自由现金流率自由现金流/营收 | 52.1% | 25.5% |
| 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× | — |
| 过去12个月自由现金流最近4个季度 | $929.1M | $1.4B |
8季度趋势，按日历期对齐
经营现金流DECKIVZ
| Q4 25 | $1.0B | $455.8M | ||
| Q3 25 | $8.1M | $606.2M | ||
| Q2 25 | $36.1M | $547.9M | ||
| Q1 25 | $-73.0M | $-84.6M | ||
| Q4 24 | $1.1B | $316.9M | ||
| Q3 24 | $-90.5M | $438.4M | ||
| Q2 24 | $112.7M | $489.1M | ||
| Q1 24 | $-28.7M | $-54.4M |
自由现金流DECKIVZ
| Q4 25 | $1.0B | $432.2M | ||
| Q3 25 | $-13.9M | $586.4M | ||
| Q2 25 | $12.2M | $530.4M | ||
| Q1 25 | $-89.4M | $-108.0M | ||
| Q4 24 | $1.1B | $309.9M | ||
| Q3 24 | $-113.4M | $410.0M | ||
| Q2 24 | $90.1M | $462.4M | ||
| Q1 24 | $-44.0M | $-75.4M |
自由现金流率DECKIVZ
| Q4 25 | 52.1% | 25.5% | ||
| Q3 25 | -1.0% | 35.7% | ||
| Q2 25 | 1.3% | 35.0% | ||
| Q1 25 | -8.8% | -7.1% | ||
| Q4 24 | 58.6% | 19.5% | ||
| Q3 24 | -8.6% | 27.1% | ||
| Q2 24 | 10.9% | 31.2% | ||
| Q1 24 | -4.6% | -5.1% |
资本支出强度DECKIVZ
| Q4 25 | 1.1% | 1.4% | ||
| Q3 25 | 1.5% | 1.2% | ||
| Q2 25 | 2.5% | 1.2% | ||
| Q1 25 | 1.6% | 1.5% | ||
| Q4 24 | 1.3% | 0.4% | ||
| Q3 24 | 1.7% | 1.9% | ||
| Q2 24 | 2.7% | 1.8% | ||
| Q1 24 | 1.6% | 1.4% |
现金转化率DECKIVZ
| Q4 25 | 2.17× | — | ||
| Q3 25 | 0.03× | 1.70× | ||
| Q2 25 | 0.26× | 2.78× | ||
| Q1 25 | -0.48× | -0.49× | ||
| Q4 24 | 2.40× | 1.51× | ||
| Q3 24 | -0.37× | 7.97× | ||
| Q2 24 | 0.97× | 3.70× | ||
| Q1 24 | -0.22× | -0.38× |
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% |
IVZ
| Investment Advice | $1.2B | 73% |
| Distribution And Shareholder Service | $382.7M | 23% |
| Financial Service Other | $51.0M | 3% |
| Investment Performance | $28.9M | 2% |
