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Deckers Brands（DECK）与Kenvue（KVUE）财务数据对比。点击上方公司名可切换其他公司
Kenvue的季度营收约是Deckers Brands的2.0倍（$3.9B vs $2.0B），Deckers Brands净利率更高（24.6% vs 12.1%，领先12.5%），Deckers Brands同比增速更快（7.1% vs 4.5%），过去两年Deckers Brands的营收复合增速更高（42.8% vs -1.1%）
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。
Kenvue是美国消费者健康企业，前身为强生集团消费者健康业务部门，旗下拥有邦迪、李施德林、露得清、泰诺、强生婴儿、仙特明等诸多知名消费健康品牌，总部现位于美国新泽西州萨米特。
DECK vs KVUE — 直观对比
营收规模更大
KVUE
是对方的2.0倍
$2.0B
营收增速更快
DECK
高出2.6%
4.5%
净利率更高
DECK
高出12.5%
12.1%
两年增速更快
DECK
近两年复合增速
-1.1%
损益表 — Q3 FY2026 vs Q1 FY2027
| 指标 | | |
|---|---|---|
| 营收 | $2.0B | $3.9B |
| 净利润 | $481.1M | $474.0M |
| 毛利率 | 59.8% | 58.9% |
| 营业利润率 | 31.4% | 19.6% |
| 净利率 | 24.6% | 12.1% |
| 营收同比 | 7.1% | 4.5% |
| 净利润同比 | 5.3% | 47.2% |
| 每股收益（稀释后） | $3.33 | $0.25 |
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DECKKVUE
| Q1 26 | — | $3.9B | ||
| Q4 25 | $2.0B | $3.8B | ||
| Q3 25 | $1.4B | $3.8B | ||
| Q2 25 | $964.5M | $3.8B | ||
| Q1 25 | $1.0B | $3.7B | ||
| Q4 24 | $1.8B | $3.7B | ||
| Q3 24 | $1.3B | $3.9B | ||
| Q2 24 | $825.3M | $4.0B |
净利润DECKKVUE
| Q1 26 | — | $474.0M | ||
| Q4 25 | $481.1M | $330.0M | ||
| Q3 25 | $268.2M | $398.0M | ||
| Q2 25 | $139.2M | $420.0M | ||
| Q1 25 | $151.4M | $322.0M | ||
| Q4 24 | $456.7M | $293.0M | ||
| Q3 24 | $242.3M | $383.0M | ||
| Q2 24 | $115.6M | $58.0M |
毛利率DECKKVUE
| Q1 26 | — | 58.9% | ||
| Q4 25 | 59.8% | 56.5% | ||
| Q3 25 | 56.2% | 59.1% | ||
| Q2 25 | 55.8% | 58.9% | ||
| Q1 25 | 56.7% | 58.0% | ||
| Q4 24 | 60.3% | 56.5% | ||
| Q3 24 | 55.9% | 58.5% | ||
| Q2 24 | 56.9% | 59.1% |
营业利润率DECKKVUE
| Q1 26 | — | 19.6% | ||
| Q4 25 | 31.4% | 14.2% | ||
| Q3 25 | 22.8% | 16.7% | ||
| Q2 25 | 17.1% | 18.0% | ||
| Q1 25 | 17.0% | 14.9% | ||
| Q4 24 | 31.0% | 13.2% | ||
| Q3 24 | 23.3% | 16.8% | ||
| Q2 24 | 16.1% | 3.9% |
净利率DECKKVUE
| Q1 26 | — | 12.1% | ||
| Q4 25 | 24.6% | 8.7% | ||
| Q3 25 | 18.7% | 10.6% | ||
| Q2 25 | 14.4% | 10.9% | ||
| Q1 25 | 14.8% | 8.6% | ||
| Q4 24 | 25.0% | 8.0% | ||
| Q3 24 | 18.5% | 9.8% | ||
| Q2 24 | 14.0% | 1.5% |
每股收益（稀释后）DECKKVUE
| Q1 26 | — | $0.25 | ||
| Q4 25 | $3.33 | $0.16 | ||
| Q3 25 | $1.82 | $0.21 | ||
| Q2 25 | $0.93 | $0.22 | ||
| Q1 25 | $-2.78 | $0.17 | ||
| Q4 24 | $3.00 | $0.16 | ||
| Q3 24 | $1.59 | $0.20 | ||
| Q2 24 | $4.52 | $0.03 |
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 | $1.1B |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $2.6B | — |
| 总资产 | $4.1B | — |
| 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DECKKVUE
| Q1 26 | — | $1.1B | ||
| Q4 25 | $2.1B | $1.1B | ||
| Q3 25 | $1.4B | $1.1B | ||
| Q2 25 | $1.7B | $1.1B | ||
| Q1 25 | $1.9B | $1.1B | ||
| Q4 24 | $2.2B | $1.1B | ||
| Q3 24 | $1.2B | $1.1B | ||
| Q2 24 | $1.4B | $1.0B |
股东权益DECKKVUE
| Q1 26 | — | — | ||
| Q4 25 | $2.6B | $10.8B | ||
| Q3 25 | $2.5B | $10.6B | ||
| Q2 25 | $2.5B | $10.7B | ||
| Q1 25 | $2.5B | $10.1B | ||
| Q4 24 | $2.6B | $9.7B | ||
| Q3 24 | $2.2B | $10.6B | ||
| Q2 24 | $2.1B | $10.2B |
总资产DECKKVUE
| Q1 26 | — | — | ||
| Q4 25 | $4.1B | $27.1B | ||
| Q3 25 | $3.8B | $27.2B | ||
| Q2 25 | $3.8B | $27.1B | ||
| Q1 25 | $3.6B | $26.3B | ||
| Q4 24 | $4.0B | $25.6B | ||
| Q3 24 | $3.4B | $26.9B | ||
| Q2 24 | $3.3B | $26.4B |
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DECKKVUE
| Q1 26 | — | — | ||
| Q4 25 | $1.0B | $854.0M | ||
| Q3 25 | $8.1M | $294.0M | ||
| Q2 25 | $36.1M | $621.0M | ||
| Q1 25 | $-73.0M | $428.0M | ||
| Q4 24 | $1.1B | $793.0M | ||
| Q3 24 | $-90.5M | $249.0M | ||
| Q2 24 | $112.7M | $440.0M |
自由现金流DECKKVUE
| Q1 26 | — | — | ||
| Q4 25 | $1.0B | $744.0M | ||
| Q3 25 | $-13.9M | $196.0M | ||
| Q2 25 | $12.2M | $533.0M | ||
| Q1 25 | $-89.4M | $249.0M | ||
| Q4 24 | $1.1B | $661.0M | ||
| Q3 24 | $-113.4M | $190.0M | ||
| Q2 24 | $90.1M | $350.0M |
自由现金流率DECKKVUE
| Q1 26 | — | — | ||
| Q4 25 | 52.1% | 19.7% | ||
| Q3 25 | -1.0% | 5.2% | ||
| Q2 25 | 1.3% | 13.9% | ||
| Q1 25 | -8.8% | 6.7% | ||
| Q4 24 | 58.6% | 18.1% | ||
| Q3 24 | -8.6% | 4.9% | ||
| Q2 24 | 10.9% | 8.8% |
资本支出强度DECKKVUE
| Q1 26 | — | — | ||
| Q4 25 | 1.1% | 2.9% | ||
| Q3 25 | 1.5% | 2.6% | ||
| Q2 25 | 2.5% | 2.3% | ||
| Q1 25 | 1.6% | 4.8% | ||
| Q4 24 | 1.3% | 3.6% | ||
| Q3 24 | 1.7% | 1.5% | ||
| Q2 24 | 2.7% | 2.3% |
现金转化率DECKKVUE
| Q1 26 | — | — | ||
| Q4 25 | 2.17× | 2.59× | ||
| Q3 25 | 0.03× | 0.74× | ||
| Q2 25 | 0.26× | 1.48× | ||
| Q1 25 | -0.48× | 1.33× | ||
| Q4 24 | 2.40× | 2.71× | ||
| Q3 24 | -0.37× | 0.65× | ||
| Q2 24 | 0.97× | 7.59× |
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% |
KVUE
暂无分部数据
