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Deckers Brands（DECK）与雷诺士国际（LII）财务数据对比。点击上方公司名可切换其他公司
Deckers Brands的季度营收约是雷诺士国际的1.6倍（$2.0B vs $1.2B），Deckers Brands净利率更高（24.6% vs 13.6%，领先11.0%），Deckers Brands同比增速更快（7.1% vs -11.2%），Deckers Brands自由现金流更多（$1.0B vs $376.7M），过去两年Deckers Brands的营收复合增速更高（42.8% vs 6.8%）
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。
雷诺士国际是美国知名的暖通空调（HVAC）及制冷领域气候控制产品供应商，总部位于得克萨斯州理查森。公司在墨西哥萨尔蒂约、美国爱荷华州马歇尔敦、南卡罗来纳州奥兰治堡设有核心生产基地，1904年收购公司的诺里斯家族后裔约翰·W·诺里斯三世持有其9.8%的股份。
DECK vs LII — 直观对比
营收规模更大
DECK
是对方的1.6倍
$1.2B
营收增速更快
DECK
高出18.3%
-11.2%
净利率更高
DECK
高出11.0%
13.6%
自由现金流更多
DECK
多$643.6M
$376.7M
两年增速更快
DECK
近两年复合增速
6.8%
损益表 — Q3 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $2.0B | $1.2B |
| 净利润 | $481.1M | $162.1M |
| 毛利率 | 59.8% | 34.7% |
| 营业利润率 | 31.4% | 18.6% |
| 净利率 | 24.6% | 13.6% |
| 营收同比 | 7.1% | -11.2% |
| 净利润同比 | 5.3% | -18.0% |
| 每股收益（稀释后） | $3.33 | $4.62 |
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DECKLII
| Q4 25 | $2.0B | $1.2B | ||
| Q3 25 | $1.4B | $1.4B | ||
| Q2 25 | $964.5M | $1.5B | ||
| Q1 25 | $1.0B | $1.1B | ||
| Q4 24 | $1.8B | $1.3B | ||
| Q3 24 | $1.3B | $1.5B | ||
| Q2 24 | $825.3M | $1.5B | ||
| Q1 24 | $959.8M | $1.0B |
净利润DECKLII
| Q4 25 | $481.1M | $162.1M | ||
| Q3 25 | $268.2M | $245.8M | ||
| Q2 25 | $139.2M | $277.6M | ||
| Q1 25 | $151.4M | $120.3M | ||
| Q4 24 | $456.7M | $197.7M | ||
| Q3 24 | $242.3M | $239.0M | ||
| Q2 24 | $115.6M | $245.9M | ||
| Q1 24 | $127.5M | $124.3M |
毛利率DECKLII
| Q4 25 | 59.8% | 34.7% | ||
| Q3 25 | 56.2% | 32.8% | ||
| Q2 25 | 55.8% | 34.8% | ||
| Q1 25 | 56.7% | 30.6% | ||
| Q4 24 | 60.3% | 33.9% | ||
| Q3 24 | 55.9% | 32.6% | ||
| Q2 24 | 56.9% | 33.6% | ||
| Q1 24 | 56.2% | 32.5% |
营业利润率DECKLII
| Q4 25 | 31.4% | 18.6% | ||
| Q3 25 | 22.8% | 21.7% | ||
| Q2 25 | 17.1% | 23.6% | ||
| Q1 25 | 17.0% | 14.5% | ||
| Q4 24 | 31.0% | 18.2% | ||
| Q3 24 | 23.3% | 20.2% | ||
| Q2 24 | 16.1% | 22.1% | ||
| Q1 24 | 15.0% | 15.9% |
净利率DECKLII
| Q4 25 | 24.6% | 13.6% | ||
| Q3 25 | 18.7% | 17.2% | ||
| Q2 25 | 14.4% | 18.5% | ||
| Q1 25 | 14.8% | 11.2% | ||
| Q4 24 | 25.0% | 14.7% | ||
| Q3 24 | 18.5% | 16.0% | ||
| Q2 24 | 14.0% | 16.9% | ||
| Q1 24 | 13.3% | 11.9% |
每股收益（稀释后）DECKLII
| Q4 25 | $3.33 | $4.62 | ||
| Q3 25 | $1.82 | $6.98 | ||
| Q2 25 | $0.93 | $7.82 | ||
| Q1 25 | $-2.78 | $3.37 | ||
| Q4 24 | $3.00 | $5.52 | ||
| Q3 24 | $1.59 | $6.68 | ||
| Q2 24 | $4.52 | $6.87 | ||
| Q1 24 | $4.82 | $3.47 |
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 | $34.7M |
| 总债务越低越好 | — | $1.1B |
| 股东权益账面价值 | $2.6B | $1.2B |
| 总资产 | $4.1B | $4.1B |
| 负债/权益比越低杠杆越低 | — | 0.98× |
8季度趋势，按日历期对齐
现金及短期投资DECKLII
| Q4 25 | $2.1B | $34.7M | ||
| Q3 25 | $1.4B | $59.2M | ||
| Q2 25 | $1.7B | $55.1M | ||
| Q1 25 | $1.9B | $222.9M | ||
| Q4 24 | $2.2B | $422.3M | ||
| Q3 24 | $1.2B | $255.7M | ||
| Q2 24 | $1.4B | $57.8M | ||
| Q1 24 | $1.5B | $57.6M |
总债务DECKLII
| Q4 25 | — | $1.1B | ||
| Q3 25 | — | $838.2M | ||
| Q2 25 | — | $835.7M | ||
| Q1 25 | — | $834.2M | ||
| Q4 24 | — | $833.1M | ||
| Q3 24 | — | $827.6M | ||
| Q2 24 | — | $1.1B | ||
| Q1 24 | — | $1.2B |
股东权益DECKLII
| Q4 25 | $2.6B | $1.2B | ||
| Q3 25 | $2.5B | $1.1B | ||
| Q2 25 | $2.5B | $900.5M | ||
| Q1 25 | $2.5B | $852.5M | ||
| Q4 24 | $2.6B | $850.2M | ||
| Q3 24 | $2.2B | $754.0M | ||
| Q2 24 | $2.1B | $577.4M | ||
| Q1 24 | $2.1B | $368.8M |
总资产DECKLII
| Q4 25 | $4.1B | $4.1B | ||
| Q3 25 | $3.8B | $3.5B | ||
| Q2 25 | $3.8B | $3.7B | ||
| Q1 25 | $3.6B | $3.5B | ||
| Q4 24 | $4.0B | $3.5B | ||
| Q3 24 | $3.4B | $3.3B | ||
| Q2 24 | $3.3B | $3.2B | ||
| Q1 24 | $3.1B | $3.0B |
负债/权益比DECKLII
| Q4 25 | — | 0.98× | ||
| Q3 25 | — | 0.78× | ||
| Q2 25 | — | 0.93× | ||
| Q1 25 | — | 0.98× | ||
| Q4 24 | — | 0.98× | ||
| Q3 24 | — | 1.10× | ||
| Q2 24 | — | 1.95× | ||
| Q1 24 | — | 3.13× |
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 | $405.9M |
| 自由现金流经营现金流 - 资本支出 | $1.0B | $376.7M |
| 自由现金流率自由现金流/营收 | 52.1% | 31.5% |
| 资本支出强度资本支出/营收 | 1.1% | 2.4% |
| 现金转化率经营现金流/净利润 | 2.17× | 2.50× |
| 过去12个月自由现金流最近4个季度 | $929.1M | $638.8M |
8季度趋势，按日历期对齐
经营现金流DECKLII
| Q4 25 | $1.0B | $405.9M | ||
| Q3 25 | $8.1M | $300.7M | ||
| Q2 25 | $36.1M | $86.8M | ||
| Q1 25 | $-73.0M | $-35.8M | ||
| Q4 24 | $1.1B | $332.4M | ||
| Q3 24 | $-90.5M | $452.1M | ||
| Q2 24 | $112.7M | $184.0M | ||
| Q1 24 | $-28.7M | $-22.8M |
自由现金流DECKLII
| Q4 25 | $1.0B | $376.7M | ||
| Q3 25 | $-13.9M | $265.1M | ||
| Q2 25 | $12.2M | $58.3M | ||
| Q1 25 | $-89.4M | $-61.3M | ||
| Q4 24 | $1.1B | $272.2M | ||
| Q3 24 | $-113.4M | $410.9M | ||
| Q2 24 | $90.1M | $151.3M | ||
| Q1 24 | $-44.0M | $-52.3M |
自由现金流率DECKLII
| Q4 25 | 52.1% | 31.5% | ||
| Q3 25 | -1.0% | 18.6% | ||
| Q2 25 | 1.3% | 3.9% | ||
| Q1 25 | -8.8% | -5.7% | ||
| Q4 24 | 58.6% | 20.2% | ||
| Q3 24 | -8.6% | 27.4% | ||
| Q2 24 | 10.9% | 10.4% | ||
| Q1 24 | -4.6% | -5.0% |
资本支出强度DECKLII
| Q4 25 | 1.1% | 2.4% | ||
| Q3 25 | 1.5% | 2.5% | ||
| Q2 25 | 2.5% | 1.9% | ||
| Q1 25 | 1.6% | 2.4% | ||
| Q4 24 | 1.3% | 4.5% | ||
| Q3 24 | 1.7% | 2.8% | ||
| Q2 24 | 2.7% | 2.3% | ||
| Q1 24 | 1.6% | 2.8% |
现金转化率DECKLII
| Q4 25 | 2.17× | 2.50× | ||
| Q3 25 | 0.03× | 1.22× | ||
| Q2 25 | 0.26× | 0.31× | ||
| Q1 25 | -0.48× | -0.30× | ||
| Q4 24 | 2.40× | 1.68× | ||
| Q3 24 | -0.37× | 1.89× | ||
| Q2 24 | 0.97× | 0.75× | ||
| Q1 24 | -0.22× | -0.18× |
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% |
LII
| Residential Heating And Cooling | $699.8M | 59% |
| Commercial Heating And Cooling | $495.2M | 41% |
