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Deckers Brands（DECK）与Martin Marietta Materials（MLM）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Martin Marietta Materials的1.7倍（$2.0B vs $1.1B），Deckers Brands净利率更高（24.6% vs 24.5%，领先0.1%），Deckers Brands同比增速更快（7.1% vs -30.1%），Deckers Brands自由现金流更多（$1.0B vs $424.0M），过去两年Deckers Brands的营收复合增速更高（42.8% vs -4.5%）
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。
马丁·玛丽埃塔材料公司是美国大型集料及重型建筑材料供应商，业务覆盖美国26个州、加拿大及加勒比地区，主要为道路、人行道、地基等各类基建项目提供所需原材料。
DECK vs MLM — 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37.3%
-30.1%
净利率更高
DECK
高出0.1%
24.5%
自由现金流更多
DECK
多$596.3M
$424.0M
两年增速更快
DECK
近两年复合增速
-4.5%
损益表 — Q3 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $2.0B | $1.1B |
| 净利润 | $481.1M | $279.0M |
| 毛利率 | 59.8% | 35.0% |
| 营业利润率 | 31.4% | 24.6% |
| 净利率 | 24.6% | 24.5% |
| 营收同比 | 7.1% | -30.1% |
| 净利润同比 | 5.3% | -4.8% |
| 每股收益（稀释后） | $3.33 | $4.59 |
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DECKMLM
| Q4 25 | $2.0B | $1.1B | ||
| Q3 25 | $1.4B | $1.8B | ||
| Q2 25 | $964.5M | $1.8B | ||
| Q1 25 | $1.0B | $1.4B | ||
| Q4 24 | $1.8B | $1.6B | ||
| Q3 24 | $1.3B | $1.9B | ||
| Q2 24 | $825.3M | $1.8B | ||
| Q1 24 | $959.8M | $1.3B |
净利润DECKMLM
| Q4 25 | $481.1M | $279.0M | ||
| Q3 25 | $268.2M | $414.0M | ||
| Q2 25 | $139.2M | $328.0M | ||
| Q1 25 | $151.4M | $116.0M | ||
| Q4 24 | $456.7M | $293.0M | ||
| Q3 24 | $242.3M | $363.0M | ||
| Q2 24 | $115.6M | $294.0M | ||
| Q1 24 | $127.5M | $1.0B |
毛利率DECKMLM
| Q4 25 | 59.8% | 35.0% | ||
| Q3 25 | 56.2% | 33.1% | ||
| Q2 25 | 55.8% | 30.0% | ||
| Q1 25 | 56.7% | 24.8% | ||
| Q4 24 | 60.3% | 30.0% | ||
| Q3 24 | 55.9% | 31.7% | ||
| Q2 24 | 56.9% | 29.3% | ||
| Q1 24 | 56.2% | 21.7% |
营业利润率DECKMLM
| Q4 25 | 31.4% | 24.6% | ||
| Q3 25 | 22.8% | 27.4% | ||
| Q2 25 | 17.1% | 25.3% | ||
| Q1 25 | 17.0% | 14.3% | ||
| Q4 24 | 31.0% | 24.4% | ||
| Q3 24 | 23.3% | 25.9% | ||
| Q2 24 | 16.1% | 22.6% | ||
| Q1 24 | 15.0% | — |
净利率DECKMLM
| Q4 25 | 24.6% | 24.5% | ||
| Q3 25 | 18.7% | 22.4% | ||
| Q2 25 | 14.4% | 18.1% | ||
| Q1 25 | 14.8% | 8.6% | ||
| Q4 24 | 25.0% | 18.0% | ||
| Q3 24 | 18.5% | 19.2% | ||
| Q2 24 | 14.0% | 16.7% | ||
| Q1 24 | 13.3% | 83.5% |
每股收益（稀释后）DECKMLM
| Q4 25 | $3.33 | $4.59 | ||
| Q3 25 | $1.82 | $6.85 | ||
| Q2 25 | $0.93 | $5.43 | ||
| Q1 25 | $-2.78 | $1.90 | ||
| Q4 24 | $3.00 | $4.87 | ||
| Q3 24 | $1.59 | $5.91 | ||
| Q2 24 | $4.52 | $4.76 | ||
| Q1 24 | $4.82 | $16.87 |
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 | $67.0M |
| 总债务越低越好 | — | $5.3B |
| 股东权益账面价值 | $2.6B | $10.0B |
| 总资产 | $4.1B | $18.7B |
| 负债/权益比越低杠杆越低 | — | 0.53× |
8季度趋势，按日历期对齐
现金及短期投资DECKMLM
| Q4 25 | $2.1B | $67.0M | ||
| Q3 25 | $1.4B | $57.0M | ||
| Q2 25 | $1.7B | $225.0M | ||
| Q1 25 | $1.9B | $101.0M | ||
| Q4 24 | $2.2B | $670.0M | ||
| Q3 24 | $1.2B | $52.0M | ||
| Q2 24 | $1.4B | $109.0M | ||
| Q1 24 | $1.5B | $2.6B |
总债务DECKMLM
| Q4 25 | — | $5.3B | ||
| Q3 25 | — | $5.5B | ||
| Q2 25 | — | $5.4B | ||
| Q1 25 | — | $5.4B | ||
| Q4 24 | — | $5.4B | ||
| Q3 24 | — | $4.0B | ||
| Q2 24 | — | $4.3B | ||
| Q1 24 | — | $4.3B |
股东权益DECKMLM
| Q4 25 | $2.6B | $10.0B | ||
| Q3 25 | $2.5B | $9.7B | ||
| Q2 25 | $2.5B | $9.4B | ||
| Q1 25 | $2.5B | $9.1B | ||
| Q4 24 | $2.6B | $9.5B | ||
| Q3 24 | $2.2B | $9.2B | ||
| Q2 24 | $2.1B | $8.8B | ||
| Q1 24 | $2.1B | $8.9B |
总资产DECKMLM
| Q4 25 | $4.1B | $18.7B | ||
| Q3 25 | $3.8B | $18.7B | ||
| Q2 25 | $3.8B | $18.1B | ||
| Q1 25 | $3.6B | $17.7B | ||
| Q4 24 | $4.0B | $18.2B | ||
| Q3 24 | $3.4B | $16.5B | ||
| Q2 24 | $3.3B | $16.3B | ||
| Q1 24 | $3.1B | $16.2B |
负债/权益比DECKMLM
| Q4 25 | — | 0.53× | ||
| Q3 25 | — | 0.57× | ||
| Q2 25 | — | 0.58× | ||
| Q1 25 | — | 0.60× | ||
| Q4 24 | — | 0.57× | ||
| Q3 24 | — | 0.44× | ||
| Q2 24 | — | 0.49× | ||
| Q1 24 | — | 0.49× |
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 | $629.0M |
| 自由现金流经营现金流 - 资本支出 | $1.0B | $424.0M |
| 自由现金流率自由现金流/营收 | 52.1% | 37.2% |
| 资本支出强度资本支出/营收 | 1.1% | 18.0% |
| 现金转化率经营现金流/净利润 | 2.17× | 2.25× |
| 过去12个月自由现金流最近4个季度 | $929.1M | $978.0M |
8季度趋势，按日历期对齐
经营现金流DECKMLM
| Q4 25 | $1.0B | $629.0M | ||
| Q3 25 | $8.1M | $551.0M | ||
| Q2 25 | $36.1M | $387.0M | ||
| Q1 25 | $-73.0M | $218.0M | ||
| Q4 24 | $1.1B | $686.0M | ||
| Q3 24 | $-90.5M | $600.0M | ||
| Q2 24 | $112.7M | $1.0M | ||
| Q1 24 | $-28.7M | $172.0M |
自由现金流DECKMLM
| Q4 25 | $1.0B | $424.0M | ||
| Q3 25 | $-13.9M | $361.0M | ||
| Q2 25 | $12.2M | $208.0M | ||
| Q1 25 | $-89.4M | $-15.0M | ||
| Q4 24 | $1.1B | $453.0M | ||
| Q3 24 | $-113.4M | $317.0M | ||
| Q2 24 | $90.1M | $-138.0M | ||
| Q1 24 | $-44.0M | $-28.0M |
自由现金流率DECKMLM
| Q4 25 | 52.1% | 37.2% | ||
| Q3 25 | -1.0% | 19.6% | ||
| Q2 25 | 1.3% | 11.5% | ||
| Q1 25 | -8.8% | -1.1% | ||
| Q4 24 | 58.6% | 27.8% | ||
| Q3 24 | -8.6% | 16.8% | ||
| Q2 24 | 10.9% | -7.8% | ||
| Q1 24 | -4.6% | -2.2% |
资本支出强度DECKMLM
| Q4 25 | 1.1% | 18.0% | ||
| Q3 25 | 1.5% | 10.3% | ||
| Q2 25 | 2.5% | 9.9% | ||
| Q1 25 | 1.6% | 17.2% | ||
| Q4 24 | 1.3% | 14.3% | ||
| Q3 24 | 1.7% | 15.0% | ||
| Q2 24 | 2.7% | 7.9% | ||
| Q1 24 | 1.6% | 16.0% |
现金转化率DECKMLM
| Q4 25 | 2.17× | 2.25× | ||
| Q3 25 | 0.03× | 1.33× | ||
| Q2 25 | 0.26× | 1.18× | ||
| Q1 25 | -0.48× | 1.88× | ||
| Q4 24 | 2.40× | 2.34× | ||
| Q3 24 | -0.37× | 1.65× | ||
| Q2 24 | 0.97× | 0.00× | ||
| Q1 24 | -0.22× | 0.16× |
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% |
MLM
| Building Materials Business East Group | $774.0M | 68% |
| Building Materials Business West Group | $233.0M | 20% |
| Services | $88.0M | 8% |
| Other | $45.0M | 4% |
