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Deckers Brands（DECK）与骏利亨德森集团（JHG）财务数据对比。点击上方公司名可切换其他公司
Deckers Brands的季度营收约是骏利亨德森集团的1.7倍（$2.0B vs $1.1B），骏利亨德森集团净利率更高（35.3% vs 24.6%，领先10.7%），骏利亨德森集团同比增速更快（61.3% vs 7.1%），Deckers Brands自由现金流更多（$1.0B vs $320.4M），过去两年骏利亨德森集团的营收复合增速更高（43.9% vs 42.8%）
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。
骏利亨德森集团是英美联手设立的全球资产管理企业，总部位于英国伦敦金融城，旗下以「骏利亨德森投资者」为运营品牌，面向全球个人投资者、中介顾问及机构客户提供多元金融产品与专业资产管理服务。
DECK vs JHG — 直观对比
营收规模更大
DECK
是对方的1.7倍
$1.1B
营收增速更快
JHG
高出54.1%
7.1%
净利率更高
JHG
高出10.7%
24.6%
自由现金流更多
DECK
多$699.9M
$320.4M
两年增速更快
JHG
近两年复合增速
42.8%
损益表 — Q3 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $2.0B | $1.1B |
| 净利润 | $481.1M | $403.2M |
| 毛利率 | 59.8% | — |
| 营业利润率 | 31.4% | 42.7% |
| 净利率 | 24.6% | 35.3% |
| 营收同比 | 7.1% | 61.3% |
| 净利润同比 | 5.3% | 231.0% |
| 每股收益（稀释后） | $3.33 | $2.59 |
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DECKJHG
| Q4 25 | $2.0B | $1.1B | ||
| Q3 25 | $1.4B | $700.4M | ||
| Q2 25 | $964.5M | $633.2M | ||
| Q1 25 | $1.0B | $621.4M | ||
| Q4 24 | $1.8B | $708.3M | ||
| Q3 24 | $1.3B | $624.8M | ||
| Q2 24 | $825.3M | $588.4M | ||
| Q1 24 | $959.8M | $551.7M |
净利润DECKJHG
| Q4 25 | $481.1M | $403.2M | ||
| Q3 25 | $268.2M | $142.1M | ||
| Q2 25 | $139.2M | $149.9M | ||
| Q1 25 | $151.4M | $120.7M | ||
| Q4 24 | $456.7M | $121.8M | ||
| Q3 24 | $242.3M | $27.3M | ||
| Q2 24 | $115.6M | $129.7M | ||
| Q1 24 | $127.5M | $130.1M |
毛利率DECKJHG
| 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DECKJHG
| Q4 25 | 31.4% | 42.7% | ||
| Q3 25 | 22.8% | 24.6% | ||
| Q2 25 | 17.1% | 25.9% | ||
| Q1 25 | 17.0% | 24.7% | ||
| Q4 24 | 31.0% | 27.9% | ||
| Q3 24 | 23.3% | 26.4% | ||
| Q2 24 | 16.1% | 27.9% | ||
| Q1 24 | 15.0% | 21.6% |
净利率DECKJHG
| Q4 25 | 24.6% | 35.3% | ||
| Q3 25 | 18.7% | 20.3% | ||
| Q2 25 | 14.4% | 23.7% | ||
| Q1 25 | 14.8% | 19.4% | ||
| Q4 24 | 25.0% | 17.2% | ||
| Q3 24 | 18.5% | 4.4% | ||
| Q2 24 | 14.0% | 22.0% | ||
| Q1 24 | 13.3% | 23.6% |
每股收益（稀释后）DECKJHG
| Q4 25 | $3.33 | $2.59 | ||
| Q3 25 | $1.82 | $0.92 | ||
| Q2 25 | $0.93 | $0.95 | ||
| Q1 25 | $-2.78 | $0.77 | ||
| Q4 24 | $3.00 | $0.77 | ||
| Q3 24 | $1.59 | $0.17 | ||
| Q2 24 | $4.52 | $0.81 | ||
| Q1 24 | $4.82 | $0.81 |
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 | $1.6B |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $2.6B | $5.1B |
| 总资产 | $4.1B | $8.3B |
| 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DECKJHG
| Q4 25 | $2.1B | $1.6B | ||
| Q3 25 | $1.4B | $1.4B | ||
| Q2 25 | $1.7B | $1.3B | ||
| Q1 25 | $1.9B | $1.4B | ||
| Q4 24 | $2.2B | $1.6B | ||
| Q3 24 | $1.2B | $1.8B | ||
| Q2 24 | $1.4B | $1.3B | ||
| Q1 24 | $1.5B | $1.1B |
股东权益DECKJHG
| Q4 25 | $2.6B | $5.1B | ||
| Q3 25 | $2.5B | $4.8B | ||
| Q2 25 | $2.5B | $4.8B | ||
| Q1 25 | $2.5B | $4.7B | ||
| Q4 24 | $2.6B | $4.6B | ||
| Q3 24 | $2.2B | $4.6B | ||
| Q2 24 | $2.1B | $4.5B | ||
| Q1 24 | $2.1B | $4.4B |
总资产DECKJHG
| Q4 25 | $4.1B | $8.3B | ||
| Q3 25 | $3.8B | $7.6B | ||
| Q2 25 | $3.8B | $7.5B | ||
| Q1 25 | $3.6B | $7.1B | ||
| Q4 24 | $4.0B | $7.0B | ||
| Q3 24 | $3.4B | $7.3B | ||
| Q2 24 | $3.3B | $6.4B | ||
| Q1 24 | $3.1B | $6.3B |
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 | $322.7M |
| 自由现金流经营现金流 - 资本支出 | $1.0B | $320.4M |
| 自由现金流率自由现金流/营收 | 52.1% | 28.0% |
| 资本支出强度资本支出/营收 | 1.1% | 0.2% |
| 现金转化率经营现金流/净利润 | 2.17× | 0.80× |
| 过去12个月自由现金流最近4个季度 | $929.1M | $710.9M |
8季度趋势，按日历期对齐
经营现金流DECKJHG
| Q4 25 | $1.0B | $322.7M | ||
| Q3 25 | $8.1M | $258.8M | ||
| Q2 25 | $36.1M | $135.2M | ||
| Q1 25 | $-73.0M | $2.8M | ||
| Q4 24 | $1.1B | $247.3M | ||
| Q3 24 | $-90.5M | $228.5M | ||
| Q2 24 | $112.7M | $223.8M | ||
| Q1 24 | $-28.7M | $-5.0M |
自由现金流DECKJHG
| Q4 25 | $1.0B | $320.4M | ||
| Q3 25 | $-13.9M | $256.4M | ||
| Q2 25 | $12.2M | $133.2M | ||
| Q1 25 | $-89.4M | $900.0K | ||
| Q4 24 | $1.1B | $243.5M | ||
| Q3 24 | $-113.4M | $225.9M | ||
| Q2 24 | $90.1M | $221.9M | ||
| Q1 24 | $-44.0M | $-6.8M |
自由现金流率DECKJHG
| Q4 25 | 52.1% | 28.0% | ||
| Q3 25 | -1.0% | 36.6% | ||
| Q2 25 | 1.3% | 21.0% | ||
| Q1 25 | -8.8% | 0.1% | ||
| Q4 24 | 58.6% | 34.4% | ||
| Q3 24 | -8.6% | 36.2% | ||
| Q2 24 | 10.9% | 37.7% | ||
| Q1 24 | -4.6% | -1.2% |
资本支出强度DECKJHG
| Q4 25 | 1.1% | 0.2% | ||
| Q3 25 | 1.5% | 0.3% | ||
| Q2 25 | 2.5% | 0.3% | ||
| Q1 25 | 1.6% | 0.3% | ||
| Q4 24 | 1.3% | 0.5% | ||
| Q3 24 | 1.7% | 0.4% | ||
| Q2 24 | 2.7% | 0.3% | ||
| Q1 24 | 1.6% | 0.3% |
现金转化率DECKJHG
| Q4 25 | 2.17× | 0.80× | ||
| Q3 25 | 0.03× | 1.82× | ||
| Q2 25 | 0.26× | 0.90× | ||
| Q1 25 | -0.48× | 0.02× | ||
| Q4 24 | 2.40× | 2.03× | ||
| Q3 24 | -0.37× | 8.37× | ||
| Q2 24 | 0.97× | 1.73× | ||
| Q1 24 | -0.22× | -0.04× |
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% |
JHG
| Investment Advice | $585.2M | 51% |
| Investment Performance | $425.8M | 37% |
| Other | $76.4M | 7% |
