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Deckers Brands（DECK）与KB HOME（KBH）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KB HOME的1.2倍（$2.0B vs $1.7B），Deckers Brands净利率更高（24.6% vs 6.0%，领先18.6%），Deckers Brands同比增速更快（7.1% vs -15.3%），Deckers Brands自由现金流更多（$1.0B vs $290.1M），过去两年Deckers Brands的营收复合增速更高（42.8% vs 7.4%）
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。
KB Home是美国知名住宅建造企业，1957年于密歇根州底特律成立，前身为Kaufman & Broad，是首家在纽约证券交易所上市的住宅建造商，总部现位于加利福尼亚州洛杉矶。
DECK vs KBH — 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22.4%
-15.3%
净利率更高
DECK
高出18.6%
6.0%
自由现金流更多
DECK
多$730.2M
$290.1M
两年增速更快
DECK
近两年复合增速
7.4%
损益表 — Q3 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $2.0B | $1.7B |
| 净利润 | $481.1M | $101.5M |
| 毛利率 | 59.8% | — |
| 营业利润率 | 31.4% | — |
| 净利率 | 24.6% | 6.0% |
| 营收同比 | 7.1% | -15.3% |
| 净利润同比 | 5.3% | -46.7% |
| 每股收益（稀释后） | $3.33 | $1.55 |
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DECKKBH
| Q4 25 | $2.0B | $1.7B | ||
| Q3 25 | $1.4B | $1.6B | ||
| Q2 25 | $964.5M | $1.5B | ||
| Q1 25 | $1.0B | $1.4B | ||
| Q4 24 | $1.8B | $2.0B | ||
| Q3 24 | $1.3B | $1.8B | ||
| Q2 24 | $825.3M | $1.7B | ||
| Q1 24 | $959.8M | $1.5B |
净利润DECKKBH
| Q4 25 | $481.1M | $101.5M | ||
| Q3 25 | $268.2M | $109.8M | ||
| Q2 25 | $139.2M | $107.9M | ||
| Q1 25 | $151.4M | $109.6M | ||
| Q4 24 | $456.7M | $190.6M | ||
| Q3 24 | $242.3M | $157.3M | ||
| Q2 24 | $115.6M | $168.4M | ||
| Q1 24 | $127.5M | $138.7M |
毛利率DECKKBH
| 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DECKKBH
| Q4 25 | 31.4% | — | ||
| Q3 25 | 22.8% | — | ||
| Q2 25 | 17.1% | — | ||
| Q1 25 | 17.0% | — | ||
| Q4 24 | 31.0% | — | ||
| Q3 24 | 23.3% | — | ||
| Q2 24 | 16.1% | — | ||
| Q1 24 | 15.0% | — |
净利率DECKKBH
| Q4 25 | 24.6% | 6.0% | ||
| Q3 25 | 18.7% | 6.8% | ||
| Q2 25 | 14.4% | 7.1% | ||
| Q1 25 | 14.8% | 7.9% | ||
| Q4 24 | 25.0% | 9.5% | ||
| Q3 24 | 18.5% | 9.0% | ||
| Q2 24 | 14.0% | 9.9% | ||
| Q1 24 | 13.3% | 9.4% |
每股收益（稀释后）DECKKBH
| Q4 25 | $3.33 | $1.55 | ||
| Q3 25 | $1.82 | $1.61 | ||
| Q2 25 | $0.93 | $1.50 | ||
| Q1 25 | $-2.78 | $1.49 | ||
| Q4 24 | $3.00 | $2.50 | ||
| Q3 24 | $1.59 | $2.04 | ||
| Q2 24 | $4.52 | $2.15 | ||
| Q1 24 | $4.82 | $1.76 |
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 | $3.9B |
| 总资产 | $4.1B | $6.7B |
| 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DECKKBH
| Q4 25 | $2.1B | — | ||
| Q3 25 | $1.4B | — | ||
| Q2 25 | $1.7B | — | ||
| Q1 25 | $1.9B | — | ||
| Q4 24 | $2.2B | — | ||
| Q3 24 | $1.2B | — | ||
| Q2 24 | $1.4B | — | ||
| Q1 24 | $1.5B | — |
股东权益DECKKBH
| Q4 25 | $2.6B | $3.9B | ||
| Q3 25 | $2.5B | $3.9B | ||
| Q2 25 | $2.5B | $4.0B | ||
| Q1 25 | $2.5B | $4.1B | ||
| Q4 24 | $2.6B | $4.1B | ||
| Q3 24 | $2.2B | $4.0B | ||
| Q2 24 | $2.1B | $4.0B | ||
| Q1 24 | $2.1B | $3.9B |
总资产DECKKBH
| Q4 25 | $4.1B | $6.7B | ||
| Q3 25 | $3.8B | $7.0B | ||
| Q2 25 | $3.8B | $7.0B | ||
| Q1 25 | $3.6B | $7.0B | ||
| Q4 24 | $4.0B | $6.9B | ||
| Q3 24 | $3.4B | $6.8B | ||
| Q2 24 | $3.3B | $6.8B | ||
| Q1 24 | $3.1B | $6.7B |
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 | $303.8M |
| 自由现金流经营现金流 - 资本支出 | $1.0B | $290.1M |
| 自由现金流率自由现金流/营收 | 52.1% | 17.1% |
| 资本支出强度资本支出/营收 | 1.1% | 0.8% |
| 现金转化率经营现金流/净利润 | 2.17× | 2.99× |
| 过去12个月自由现金流最近4个季度 | $929.1M | $287.3M |
8季度趋势，按日历期对齐
经营现金流DECKKBH
| Q4 25 | $1.0B | $303.8M | ||
| Q3 25 | $8.1M | $197.7M | ||
| Q2 25 | $36.1M | $168.4M | ||
| Q1 25 | $-73.0M | $-334.3M | ||
| Q4 24 | $1.1B | $362.6M | ||
| Q3 24 | $-90.5M | $-89.9M | ||
| Q2 24 | $112.7M | $61.5M | ||
| Q1 24 | $-28.7M | $28.5M |
自由现金流DECKKBH
| Q4 25 | $1.0B | $290.1M | ||
| Q3 25 | $-13.9M | $185.8M | ||
| Q2 25 | $12.2M | $156.9M | ||
| Q1 25 | $-89.4M | $-345.5M | ||
| Q4 24 | $1.1B | $352.6M | ||
| Q3 24 | $-113.4M | $-99.4M | ||
| Q2 24 | $90.1M | $51.2M | ||
| Q1 24 | $-44.0M | $19.1M |
自由现金流率DECKKBH
| Q4 25 | 52.1% | 17.1% | ||
| Q3 25 | -1.0% | 11.5% | ||
| Q2 25 | 1.3% | 10.3% | ||
| Q1 25 | -8.8% | -24.8% | ||
| Q4 24 | 58.6% | 17.6% | ||
| Q3 24 | -8.6% | -5.7% | ||
| Q2 24 | 10.9% | 3.0% | ||
| Q1 24 | -4.6% | 1.3% |
资本支出强度DECKKBH
| Q4 25 | 1.1% | 0.8% | ||
| Q3 25 | 1.5% | 0.7% | ||
| Q2 25 | 2.5% | 0.8% | ||
| Q1 25 | 1.6% | 0.8% | ||
| Q4 24 | 1.3% | 0.5% | ||
| Q3 24 | 1.7% | 0.5% | ||
| Q2 24 | 2.7% | 0.6% | ||
| Q1 24 | 1.6% | 0.6% |
现金转化率DECKKBH
| Q4 25 | 2.17× | 2.99× | ||
| Q3 25 | 0.03× | 1.80× | ||
| Q2 25 | 0.26× | 1.56× | ||
| Q1 25 | -0.48× | -3.05× | ||
| Q4 24 | 2.40× | 1.90× | ||
| Q3 24 | -0.37× | -0.57× | ||
| Q2 24 | 0.97× | 0.37× | ||
| Q1 24 | -0.22× | 0.21× |
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% |
KBH
| Home Building | $1.7B | 99% |
| Financial Service | $8.7M | 1% |
