vs
Deckers Brands（DECK）与蓝威斯顿（LW）财务数据对比。点击上方公司名可切换其他公司
Deckers Brands的季度营收约是蓝威斯顿的1.3倍（$2.0B vs $1.6B），Deckers Brands净利率更高（24.6% vs 3.5%，领先21.1%），Deckers Brands同比增速更快（7.1% vs 2.9%），Deckers Brands自由现金流更多（$1.0B vs $-36.3M），过去两年Deckers Brands的营收复合增速更高（42.8% vs -1.5%）
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。
蓝威斯顿控股是美国食品加工企业，为全球规模最大的冷冻薯条、华夫薯条及其他冷冻马铃薯制品的生产商与加工商之一，总部坐落于爱达荷州博伊西市郊的伊格尔市。
DECK vs LW — 直观对比
营收规模更大
DECK
是对方的1.3倍
$1.6B
营收增速更快
DECK
高出4.2%
2.9%
净利率更高
DECK
高出21.1%
3.5%
自由现金流更多
DECK
多$1.1B
$-36.3M
两年增速更快
DECK
近两年复合增速
-1.5%
损益表 — Q3 FY2026 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $2.0B | $1.6B |
| 净利润 | $481.1M | $54.0M |
| 毛利率 | 59.8% | 21.2% |
| 营业利润率 | 31.4% | 8.1% |
| 净利率 | 24.6% | 3.5% |
| 营收同比 | 7.1% | 2.9% |
| 净利润同比 | 5.3% | -63.0% |
| 每股收益（稀释后） | $3.33 | $0.39 |
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DECKLW
| Q1 26 | — | $1.6B | ||
| Q4 25 | $2.0B | $1.6B | ||
| Q3 25 | $1.4B | $1.7B | ||
| Q2 25 | $964.5M | $1.7B | ||
| Q1 25 | $1.0B | $1.5B | ||
| Q4 24 | $1.8B | $1.6B | ||
| Q3 24 | $1.3B | $1.7B | ||
| Q2 24 | $825.3M | $1.6B |
净利润DECKLW
| Q1 26 | — | $54.0M | ||
| Q4 25 | $481.1M | $62.1M | ||
| Q3 25 | $268.2M | $64.3M | ||
| Q2 25 | $139.2M | $119.9M | ||
| Q1 25 | $151.4M | $146.0M | ||
| Q4 24 | $456.7M | $-36.1M | ||
| Q3 24 | $242.3M | $127.4M | ||
| Q2 24 | $115.6M | $129.6M |
毛利率DECKLW
| Q1 26 | — | 21.2% | ||
| Q4 25 | 59.8% | 20.0% | ||
| Q3 25 | 56.2% | 20.6% | ||
| Q2 25 | 55.8% | 20.4% | ||
| Q1 25 | 56.7% | 27.8% | ||
| Q4 24 | 60.3% | 17.4% | ||
| Q3 24 | 55.9% | 21.5% | ||
| Q2 24 | 56.9% | 24.1% |
营业利润率DECKLW
| Q1 26 | — | 8.1% | ||
| Q4 25 | 31.4% | 8.6% | ||
| Q3 25 | 22.8% | 9.4% | ||
| Q2 25 | 17.1% | 11.1% | ||
| Q1 25 | 17.0% | 16.4% | ||
| Q4 24 | 31.0% | 1.2% | ||
| Q3 24 | 23.3% | 12.8% | ||
| Q2 24 | 16.1% | 13.2% |
净利率DECKLW
| Q1 26 | — | 3.5% | ||
| Q4 25 | 24.6% | 3.8% | ||
| Q3 25 | 18.7% | 3.9% | ||
| Q2 25 | 14.4% | 7.2% | ||
| Q1 25 | 14.8% | 9.6% | ||
| Q4 24 | 25.0% | -2.3% | ||
| Q3 24 | 18.5% | 7.7% | ||
| Q2 24 | 14.0% | 8.0% |
每股收益（稀释后）DECKLW
| Q1 26 | — | $0.39 | ||
| Q4 25 | $3.33 | $0.44 | ||
| Q3 25 | $1.82 | $0.46 | ||
| Q2 25 | $0.93 | $0.84 | ||
| Q1 25 | $-2.78 | $1.03 | ||
| Q4 24 | $3.00 | $-0.25 | ||
| Q3 24 | $1.59 | $0.88 | ||
| Q2 24 | $4.52 | $0.89 |
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 | $57.5M |
| 总债务越低越好 | — | $3.6B |
| 股东权益账面价值 | $2.6B | $1.8B |
| 总资产 | $4.1B | $7.4B |
| 负债/权益比越低杠杆越低 | — | 1.99× |
8季度趋势，按日历期对齐
现金及短期投资DECKLW
| Q1 26 | — | $57.5M | ||
| Q4 25 | $2.1B | $82.7M | ||
| Q3 25 | $1.4B | $98.6M | ||
| Q2 25 | $1.7B | $70.7M | ||
| Q1 25 | $1.9B | $67.5M | ||
| Q4 24 | $2.2B | $79.0M | ||
| Q3 24 | $1.2B | $120.8M | ||
| Q2 24 | $1.4B | $71.4M |
总债务DECKLW
| Q1 26 | — | $3.6B | ||
| Q4 25 | — | $3.6B | ||
| Q3 25 | — | $3.7B | ||
| Q2 25 | — | $3.7B | ||
| Q1 25 | — | $3.7B | ||
| Q4 24 | — | $3.7B | ||
| Q3 24 | — | $3.4B | ||
| Q2 24 | — | $3.4B |
股东权益DECKLW
| Q1 26 | — | $1.8B | ||
| Q4 25 | $2.6B | $1.8B | ||
| Q3 25 | $2.5B | $1.8B | ||
| Q2 25 | $2.5B | $1.7B | ||
| Q1 25 | $2.5B | $1.6B | ||
| Q4 24 | $2.6B | $1.6B | ||
| Q3 24 | $2.2B | $1.8B | ||
| Q2 24 | $2.1B | $1.8B |
总资产DECKLW
| Q1 26 | — | $7.4B | ||
| Q4 25 | $4.1B | $7.3B | ||
| Q3 25 | $3.8B | $7.2B | ||
| Q2 25 | $3.8B | $7.4B | ||
| Q1 25 | $3.6B | $7.4B | ||
| Q4 24 | $4.0B | $7.5B | ||
| Q3 24 | $3.4B | $7.5B | ||
| Q2 24 | $3.3B | $7.4B |
负债/权益比DECKLW
| Q1 26 | — | 1.99× | ||
| Q4 25 | — | 2.08× | ||
| Q3 25 | — | 2.05× | ||
| Q2 25 | — | 2.12× | ||
| Q1 25 | — | 2.25× | ||
| Q4 24 | — | 2.26× | ||
| Q3 24 | — | 1.87× | ||
| Q2 24 | — | 1.92× |
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 | $65.2M |
| 自由现金流经营现金流 - 资本支出 | $1.0B | $-36.3M |
| 自由现金流率自由现金流/营收 | 52.1% | -2.3% |
| 资本支出强度资本支出/营收 | 1.1% | 6.5% |
| 现金转化率经营现金流/净利润 | 2.17× | 1.21× |
| 过去12个月自由现金流最近4个季度 | $929.1M | $569.2M |
8季度趋势，按日历期对齐
经营现金流DECKLW
| Q1 26 | — | $65.2M | ||
| Q4 25 | $1.0B | $178.4M | ||
| Q3 25 | $8.1M | $352.0M | ||
| Q2 25 | $36.1M | $868.3M | ||
| Q1 25 | $-73.0M | $56.0M | ||
| Q4 24 | $1.1B | $99.1M | ||
| Q3 24 | $-90.5M | $330.2M | ||
| Q2 24 | $112.7M | $798.2M |
自由现金流DECKLW
| Q1 26 | — | $-36.3M | ||
| Q4 25 | $1.0B | $101.0M | ||
| Q3 25 | $-13.9M | $274.4M | ||
| Q2 25 | $12.2M | $230.1M | ||
| Q1 25 | $-89.4M | $-19.8M | ||
| Q4 24 | $1.1B | $-49.6M | ||
| Q3 24 | $-113.4M | $4.3M | ||
| Q2 24 | $90.1M | $-131.3M |
自由现金流率DECKLW
| Q1 26 | — | -2.3% | ||
| Q4 25 | 52.1% | 6.2% | ||
| Q3 25 | -1.0% | 16.5% | ||
| Q2 25 | 1.3% | 13.7% | ||
| Q1 25 | -8.8% | -1.3% | ||
| Q4 24 | 58.6% | -3.1% | ||
| Q3 24 | -8.6% | 0.3% | ||
| Q2 24 | 10.9% | -8.1% |
资本支出强度DECKLW
| Q1 26 | — | 6.5% | ||
| Q4 25 | 1.1% | 4.8% | ||
| Q3 25 | 1.5% | 4.7% | ||
| Q2 25 | 2.5% | 38.1% | ||
| Q1 25 | 1.6% | 5.0% | ||
| Q4 24 | 1.3% | 9.3% | ||
| Q3 24 | 1.7% | 19.7% | ||
| Q2 24 | 2.7% | 57.7% |
现金转化率DECKLW
| Q1 26 | — | 1.21× | ||
| Q4 25 | 2.17× | 2.87× | ||
| Q3 25 | 0.03× | 5.47× | ||
| Q2 25 | 0.26× | 7.24× | ||
| Q1 25 | -0.48× | 0.38× | ||
| Q4 24 | 2.40× | — | ||
| Q3 24 | -0.37× | 2.59× | ||
| Q2 24 | 0.97× | 6.16× |
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% |
LW
| Segments North America | $1.0B | 66% |
| Segments International | $529.8M | 34% |
