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Deckers Brands（DECK）与诺唯真游轮控股（LINE）财务数据对比。点击上方公司名可切换其他公司
Deckers Brands的季度营收约是诺唯真游轮控股的1.4倍（$2.0B vs $1.4B），Deckers Brands净利率更高（24.6% vs -7.3%，领先31.8%），Deckers Brands同比增速更快（7.1% vs 3.1%），Deckers Brands自由现金流更多（$1.0B vs $35.0M）
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。
诺唯真游轮控股是一家总部位于美国、注册地为百慕大的企业，旗下全资运营诺唯真游轮、大洋游轮、丽晶七海游轮三大品牌，合并业务规模位列全球游轮运营商第三位，目前在纽约证券交易所挂牌上市。
DECK vs LINE — 直观对比
营收规模更大
DECK
是对方的1.4倍
$1.4B
营收增速更快
DECK
高出4.0%
3.1%
净利率更高
DECK
高出31.8%
-7.3%
自由现金流更多
DECK
多$985.3M
$35.0M
损益表 — Q3 FY2026 vs Q3 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $2.0B | $1.4B |
| 净利润 | $481.1M | $-100.0M |
| 毛利率 | 59.8% | 32.3% |
| 营业利润率 | 31.4% | 2.5% |
| 净利率 | 24.6% | -7.3% |
| 营收同比 | 7.1% | 3.1% |
| 净利润同比 | 5.3% | 79.4% |
| 每股收益（稀释后） | $3.33 | $-0.44 |
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DECKLINE
| Q4 25 | $2.0B | — | ||
| Q3 25 | $1.4B | $1.4B | ||
| Q2 25 | $964.5M | $1.4B | ||
| Q1 25 | $1.0B | $1.3B | ||
| Q4 24 | $1.8B | $1.3B | ||
| Q3 24 | $1.3B | $1.3B | ||
| Q2 24 | $825.3M | $1.3B | ||
| Q1 24 | $959.8M | $1.3B |
净利润DECKLINE
| Q4 25 | $481.1M | — | ||
| Q3 25 | $268.2M | $-100.0M | ||
| Q2 25 | $139.2M | $-6.0M | ||
| Q1 25 | $151.4M | $0 | ||
| Q4 24 | $456.7M | $-71.0M | ||
| Q3 24 | $242.3M | $-485.0M | ||
| Q2 24 | $115.6M | $-68.0M | ||
| Q1 24 | $127.5M | $-40.0M |
毛利率DECKLINE
| Q4 25 | 59.8% | — | ||
| Q3 25 | 56.2% | 32.3% | ||
| Q2 25 | 55.8% | 31.9% | ||
| Q1 25 | 56.7% | 32.2% | ||
| Q4 24 | 60.3% | 32.3% | ||
| Q3 24 | 55.9% | 32.8% | ||
| Q2 24 | 56.9% | 33.4% | ||
| Q1 24 | 56.2% | 33.4% |
营业利润率DECKLINE
| Q4 25 | 31.4% | — | ||
| Q3 25 | 22.8% | 2.5% | ||
| Q2 25 | 17.1% | 1.7% | ||
| Q1 25 | 17.0% | 4.3% | ||
| Q4 24 | 31.0% | -1.6% | ||
| Q3 24 | 23.3% | -38.6% | ||
| Q2 24 | 16.1% | 5.5% | ||
| Q1 24 | 15.0% | 7.6% |
净利率DECKLINE
| Q4 25 | 24.6% | — | ||
| Q3 25 | 18.7% | -7.3% | ||
| Q2 25 | 14.4% | -0.4% | ||
| Q1 25 | 14.8% | — | ||
| Q4 24 | 25.0% | -5.3% | ||
| Q3 24 | 18.5% | -36.3% | ||
| Q2 24 | 14.0% | -5.1% | ||
| Q1 24 | 13.3% | -3.0% |
每股收益（稀释后）DECKLINE
| Q4 25 | $3.33 | — | ||
| Q3 25 | $1.82 | $-0.44 | ||
| Q2 25 | $0.93 | $-0.03 | ||
| Q1 25 | $-2.78 | $0.01 | ||
| Q4 24 | $3.00 | $-0.52 | ||
| Q3 24 | $1.59 | $-2.44 | ||
| Q2 24 | $4.52 | $-0.46 | ||
| Q1 24 | $4.82 | $-0.28 |
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 | $8.4B |
| 总资产 | $4.1B | $19.2B |
| 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DECKLINE
| Q4 25 | $2.1B | — | ||
| Q3 25 | $1.4B | — | ||
| Q2 25 | $1.7B | — | ||
| Q1 25 | $1.9B | — | ||
| Q4 24 | $2.2B | $173.0M | ||
| Q3 24 | $1.2B | $409.0M | ||
| Q2 24 | $1.4B | $73.0M | ||
| Q1 24 | $1.5B | — |
股东权益DECKLINE
| Q4 25 | $2.6B | — | ||
| Q3 25 | $2.5B | $8.4B | ||
| Q2 25 | $2.5B | $8.6B | ||
| Q1 25 | $2.5B | $8.6B | ||
| Q4 24 | $2.6B | $8.6B | ||
| Q3 24 | $2.2B | $9.0B | ||
| Q2 24 | $2.1B | $4.9B | ||
| Q1 24 | $2.1B | $5.6B |
总资产DECKLINE
| Q4 25 | $4.1B | — | ||
| Q3 25 | $3.8B | $19.2B | ||
| Q2 25 | $3.8B | $19.4B | ||
| Q1 25 | $3.6B | $18.8B | ||
| Q4 24 | $4.0B | $18.7B | ||
| Q3 24 | $3.4B | $19.3B | ||
| Q2 24 | $3.3B | $18.8B | ||
| Q1 24 | $3.1B | — |
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 | $230.0M |
| 自由现金流经营现金流 - 资本支出 | $1.0B | $35.0M |
| 自由现金流率自由现金流/营收 | 52.1% | 2.5% |
| 资本支出强度资本支出/营收 | 1.1% | 14.2% |
| 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DECKLINE
| Q4 25 | $1.0B | — | ||
| Q3 25 | $8.1M | $230.0M | ||
| Q2 25 | $36.1M | $258.0M | ||
| Q1 25 | $-73.0M | $139.0M | ||
| Q4 24 | $1.1B | — | ||
| Q3 24 | $-90.5M | $186.0M | ||
| Q2 24 | $112.7M | $155.0M | ||
| Q1 24 | $-28.7M | $105.0M |
自由现金流DECKLINE
| Q4 25 | $1.0B | — | ||
| Q3 25 | $-13.9M | $35.0M | ||
| Q2 25 | $12.2M | $95.0M | ||
| Q1 25 | $-89.4M | $-12.0M | ||
| Q4 24 | $1.1B | — | ||
| Q3 24 | $-113.4M | $33.0M | ||
| Q2 24 | $90.1M | $-31.0M | ||
| Q1 24 | $-44.0M | $-42.0M |
自由现金流率DECKLINE
| Q4 25 | 52.1% | — | ||
| Q3 25 | -1.0% | 2.5% | ||
| Q2 25 | 1.3% | 7.0% | ||
| Q1 25 | -8.8% | -0.9% | ||
| Q4 24 | 58.6% | — | ||
| Q3 24 | -8.6% | 2.5% | ||
| Q2 24 | 10.9% | -2.3% | ||
| Q1 24 | -4.6% | -3.2% |
资本支出强度DECKLINE
| Q4 25 | 1.1% | — | ||
| Q3 25 | 1.5% | 14.2% | ||
| Q2 25 | 2.5% | 12.1% | ||
| Q1 25 | 1.6% | 11.7% | ||
| Q4 24 | 1.3% | — | ||
| Q3 24 | 1.7% | 11.5% | ||
| Q2 24 | 2.7% | 13.9% | ||
| Q1 24 | 1.6% | 11.1% |
现金转化率DECKLINE
| Q4 25 | 2.17× | — | ||
| Q3 25 | 0.03× | — | ||
| Q2 25 | 0.26× | — | ||
| Q1 25 | -0.48× | — | ||
| Q4 24 | 2.40× | — | ||
| Q3 24 | -0.37× | — | ||
| Q2 24 | 0.97× | — | ||
| Q1 24 | -0.22× | — |
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% |
LINE
| Warehousing Operations | $883.0M | 64% |
| Other | $308.0M | 22% |
| Warehouse Lease | $60.0M | 4% |
| Food Sales | $52.0M | 4% |
| E Commerce And Other | $46.0M | 3% |
| Railcar Lease | $23.0M | 2% |
| Service Other | $5.0M | 0% |
