vs
Deckers Brands（DECK）与M/I HOMES, INC.（MHO）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M/I HOMES, INC.的1.7倍（$2.0B vs $1.1B），Deckers Brands净利率更高（24.6% vs 5.6%，领先19.0%），Deckers Brands同比增速更快（7.1% vs -4.8%），Deckers Brands自由现金流更多（$1.0B vs $-13.0M），过去两年Deckers Brands的营收复合增速更高（42.8% vs 4.7%）
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。
M/I Homes是美国领先的住宅建筑企业，主要设计、建造及销售独栋住宅、联排住宅与复式公寓，业务覆盖美国多州，面向首次置业、改善型及高端置业群体，提供节能住宅产品与个性化定制服务。
DECK vs MHO — 直观对比
营收规模更大
DECK
是对方的1.7倍
$1.1B
营收增速更快
DECK
高出11.9%
-4.8%
净利率更高
DECK
高出19.0%
5.6%
自由现金流更多
DECK
多$1.0B
$-13.0M
两年增速更快
DECK
近两年复合增速
4.7%
损益表 — Q3 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $2.0B | $1.1B |
| 净利润 | $481.1M | $64.0M |
| 毛利率 | 59.8% | 17.4% |
| 营业利润率 | 31.4% | 6.5% |
| 净利率 | 24.6% | 5.6% |
| 营收同比 | 7.1% | -4.8% |
| 净利润同比 | 5.3% | -52.1% |
| 每股收益（稀释后） | $3.33 | $2.42 |
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DECKMHO
| Q4 25 | $2.0B | $1.1B | ||
| Q3 25 | $1.4B | $1.1B | ||
| Q2 25 | $964.5M | $1.2B | ||
| Q1 25 | $1.0B | $976.1M | ||
| Q4 24 | $1.8B | $1.2B | ||
| Q3 24 | $1.3B | $1.1B | ||
| Q2 24 | $825.3M | $1.1B | ||
| Q1 24 | $959.8M | $1.0B |
净利润DECKMHO
| Q4 25 | $481.1M | $64.0M | ||
| Q3 25 | $268.2M | $106.5M | ||
| Q2 25 | $139.2M | $121.2M | ||
| Q1 25 | $151.4M | $111.2M | ||
| Q4 24 | $456.7M | $133.5M | ||
| Q3 24 | $242.3M | $145.4M | ||
| Q2 24 | $115.6M | $146.7M | ||
| Q1 24 | $127.5M | $138.1M |
毛利率DECKMHO
| Q4 25 | 59.8% | 17.4% | ||
| Q3 25 | 56.2% | 24.5% | ||
| Q2 25 | 55.8% | 24.7% | ||
| Q1 25 | 56.7% | 25.9% | ||
| Q4 24 | 60.3% | 24.6% | ||
| Q3 24 | 55.9% | 27.1% | ||
| Q2 24 | 56.9% | 27.9% | ||
| Q1 24 | 56.2% | 27.1% |
营业利润率DECKMHO
| Q4 25 | 31.4% | 6.5% | ||
| Q3 25 | 22.8% | 12.0% | ||
| Q2 25 | 17.1% | 13.4% | ||
| Q1 25 | 17.0% | 14.4% | ||
| Q4 24 | 31.0% | 13.6% | ||
| Q3 24 | 23.3% | 15.9% | ||
| Q2 24 | 16.1% | 16.8% | ||
| Q1 24 | 15.0% | 16.6% |
净利率DECKMHO
| Q4 25 | 24.6% | 5.6% | ||
| Q3 25 | 18.7% | 9.4% | ||
| Q2 25 | 14.4% | 10.4% | ||
| Q1 25 | 14.8% | 11.4% | ||
| Q4 24 | 25.0% | 11.1% | ||
| Q3 24 | 18.5% | 12.7% | ||
| Q2 24 | 14.0% | 13.2% | ||
| Q1 24 | 13.3% | 13.2% |
每股收益（稀释后）DECKMHO
| Q4 25 | $3.33 | $2.42 | ||
| Q3 25 | $1.82 | $3.92 | ||
| Q2 25 | $0.93 | $4.42 | ||
| Q1 25 | $-2.78 | $3.98 | ||
| Q4 24 | $3.00 | $4.71 | ||
| Q3 24 | $1.59 | $5.10 | ||
| Q2 24 | $4.52 | $5.12 | ||
| Q1 24 | $4.82 | $4.78 |
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 | $3.2B |
| 总资产 | $4.1B | $4.8B |
| 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DECKMHO
| 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DECKMHO
| Q4 25 | $2.6B | $3.2B | ||
| Q3 25 | $2.5B | $3.1B | ||
| Q2 25 | $2.5B | $3.1B | ||
| Q1 25 | $2.5B | $3.0B | ||
| Q4 24 | $2.6B | $2.9B | ||
| Q3 24 | $2.2B | $2.8B | ||
| Q2 24 | $2.1B | $2.7B | ||
| Q1 24 | $2.1B | $2.6B |
总资产DECKMHO
| Q4 25 | $4.1B | $4.8B | ||
| Q3 25 | $3.8B | $4.8B | ||
| Q2 25 | $3.8B | $4.7B | ||
| Q1 25 | $3.6B | $4.6B | ||
| Q4 24 | $4.0B | $4.5B | ||
| Q3 24 | $3.4B | $4.5B | ||
| Q2 24 | $3.3B | $4.3B | ||
| Q1 24 | $3.1B | $4.2B |
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 | $-8.7M |
| 自由现金流经营现金流 - 资本支出 | $1.0B | $-13.0M |
| 自由现金流率自由现金流/营收 | 52.1% | -1.1% |
| 资本支出强度资本支出/营收 | 1.1% | 0.4% |
| 现金转化率经营现金流/净利润 | 2.17× | -0.14× |
| 过去12个月自由现金流最近4个季度 | $929.1M | $127.7M |
8季度趋势，按日历期对齐
经营现金流DECKMHO
| Q4 25 | $1.0B | $-8.7M | ||
| Q3 25 | $8.1M | $43.4M | ||
| Q2 25 | $36.1M | $37.8M | ||
| Q1 25 | $-73.0M | $64.9M | ||
| Q4 24 | $1.1B | $104.4M | ||
| Q3 24 | $-90.5M | $-67.9M | ||
| Q2 24 | $112.7M | $27.5M | ||
| Q1 24 | $-28.7M | $115.8M |
自由现金流DECKMHO
| Q4 25 | $1.0B | $-13.0M | ||
| Q3 25 | $-13.9M | $42.0M | ||
| Q2 25 | $12.2M | $35.1M | ||
| Q1 25 | $-89.4M | $63.5M | ||
| Q4 24 | $1.1B | $102.3M | ||
| Q3 24 | $-113.4M | $-68.5M | ||
| Q2 24 | $90.1M | $22.0M | ||
| Q1 24 | $-44.0M | $115.5M |
自由现金流率DECKMHO
| Q4 25 | 52.1% | -1.1% | ||
| Q3 25 | -1.0% | 3.7% | ||
| Q2 25 | 1.3% | 3.0% | ||
| Q1 25 | -8.8% | 6.5% | ||
| Q4 24 | 58.6% | 8.5% | ||
| Q3 24 | -8.6% | -6.0% | ||
| Q2 24 | 10.9% | 2.0% | ||
| Q1 24 | -4.6% | 11.0% |
资本支出强度DECKMHO
| Q4 25 | 1.1% | 0.4% | ||
| Q3 25 | 1.5% | 0.1% | ||
| Q2 25 | 2.5% | 0.2% | ||
| Q1 25 | 1.6% | 0.1% | ||
| Q4 24 | 1.3% | 0.2% | ||
| Q3 24 | 1.7% | 0.1% | ||
| Q2 24 | 2.7% | 0.5% | ||
| Q1 24 | 1.6% | 0.0% |
现金转化率DECKMHO
| Q4 25 | 2.17× | -0.14× | ||
| Q3 25 | 0.03× | 0.41× | ||
| Q2 25 | 0.26× | 0.31× | ||
| Q1 25 | -0.48× | 0.58× | ||
| Q4 24 | 2.40× | 0.78× | ||
| Q3 24 | -0.37× | -0.47× | ||
| Q2 24 | 0.97× | 0.19× | ||
| Q1 24 | -0.22× | 0.84× |
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% |
MHO
| Southern Homebuilding | $615.6M | 54% |
| Northern Homebuilding | $503.9M | 44% |
| Financial Service | $27.8M | 2% |
| Land | $4.7M | 0% |
