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Deckers Brands（DECK）与MAXIMUS, INC.（MMS）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MAXIMUS, INC.的1.5倍（$2.0B vs $1.3B），Deckers Brands净利率更高（24.6% vs 7.0%，领先17.6%），Deckers Brands同比增速更快（7.1% vs -4.1%），Deckers Brands自由现金流更多（$1.0B vs $-250.7M），过去两年Deckers Brands的营收复合增速更高（42.8% vs -0.1%）
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。
MAXIMUS是美国一家政府服务企业，业务覆盖美国、加拿大、英国等国家，为医疗补助、联邦医疗保险、医改、就业帮扶、学生贷款服务等各类政府项目提供行政及配套服务。公司总部位于弗吉尼亚州泰森斯，现有员工3.96万名，2024财年营收达53亿美元。
DECK vs MMS — 直观对比
营收规模更大
DECK
是对方的1.5倍
$1.3B
营收增速更快
DECK
高出11.2%
-4.1%
净利率更高
DECK
高出17.6%
7.0%
自由现金流更多
DECK
多$1.3B
$-250.7M
两年增速更快
DECK
近两年复合增速
-0.1%
损益表 — Q3 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $2.0B | $1.3B |
| 净利润 | $481.1M | $93.9M |
| 毛利率 | 59.8% | 23.7% |
| 营业利润率 | 31.4% | 10.9% |
| 净利率 | 24.6% | 7.0% |
| 营收同比 | 7.1% | -4.1% |
| 净利润同比 | 5.3% | 128.0% |
| 每股收益（稀释后） | $3.33 | $1.70 |
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DECKMMS
| Q4 25 | $2.0B | $1.3B | ||
| Q3 25 | $1.4B | $1.3B | ||
| Q2 25 | $964.5M | $1.3B | ||
| Q1 25 | $1.0B | $1.4B | ||
| Q4 24 | $1.8B | $1.4B | ||
| Q3 24 | $1.3B | $1.3B | ||
| Q2 24 | $825.3M | $1.3B | ||
| Q1 24 | $959.8M | $1.3B |
净利润DECKMMS
| Q4 25 | $481.1M | $93.9M | ||
| Q3 25 | $268.2M | $75.3M | ||
| Q2 25 | $139.2M | $106.0M | ||
| Q1 25 | $151.4M | $96.6M | ||
| Q4 24 | $456.7M | $41.2M | ||
| Q3 24 | $242.3M | $72.5M | ||
| Q2 24 | $115.6M | $89.8M | ||
| Q1 24 | $127.5M | $80.5M |
毛利率DECKMMS
| Q4 25 | 59.8% | 23.7% | ||
| Q3 25 | 56.2% | 25.3% | ||
| Q2 25 | 55.8% | 26.7% | ||
| Q1 25 | 56.7% | 24.9% | ||
| Q4 24 | 60.3% | 21.5% | ||
| Q3 24 | 55.9% | 22.9% | ||
| Q2 24 | 56.9% | 25.3% | ||
| Q1 24 | 56.2% | 23.6% |
营业利润率DECKMMS
| Q4 25 | 31.4% | 10.9% | ||
| Q3 25 | 22.8% | 9.3% | ||
| Q2 25 | 17.1% | 12.3% | ||
| Q1 25 | 17.0% | 11.2% | ||
| Q4 24 | 31.0% | 6.2% | ||
| Q3 24 | 23.3% | 8.5% | ||
| Q2 24 | 16.1% | 10.8% | ||
| Q1 24 | 15.0% | 9.5% |
净利率DECKMMS
| Q4 25 | 24.6% | 7.0% | ||
| Q3 25 | 18.7% | 5.7% | ||
| Q2 25 | 14.4% | 7.9% | ||
| Q1 25 | 14.8% | 7.1% | ||
| Q4 24 | 25.0% | 2.9% | ||
| Q3 24 | 18.5% | 5.5% | ||
| Q2 24 | 14.0% | 6.8% | ||
| Q1 24 | 13.3% | 6.0% |
每股收益（稀释后）DECKMMS
| Q4 25 | $3.33 | $1.70 | ||
| Q3 25 | $1.82 | $1.27 | ||
| Q2 25 | $0.93 | $1.86 | ||
| Q1 25 | $-2.78 | $1.69 | ||
| Q4 24 | $3.00 | $0.69 | ||
| Q3 24 | $1.59 | $1.18 | ||
| Q2 24 | $4.52 | $1.46 | ||
| Q1 24 | $4.82 | $1.31 |
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 | $137.6M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $2.6B | $1.7B |
| 总资产 | $4.1B | $4.2B |
| 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DECKMMS
| Q4 25 | $2.1B | $137.6M | ||
| Q3 25 | $1.4B | $222.4M | ||
| Q2 25 | $1.7B | $59.8M | ||
| Q1 25 | $1.9B | $108.1M | ||
| Q4 24 | $2.2B | $72.7M | ||
| Q3 24 | $1.2B | $183.1M | ||
| Q2 24 | $1.4B | $102.8M | ||
| Q1 24 | $1.5B | $77.4M |
股东权益DECKMMS
| Q4 25 | $2.6B | $1.7B | ||
| Q3 25 | $2.5B | $1.7B | ||
| Q2 25 | $2.5B | $1.8B | ||
| Q1 25 | $2.5B | $1.7B | ||
| Q4 24 | $2.6B | $1.6B | ||
| Q3 24 | $2.2B | $1.8B | ||
| Q2 24 | $2.1B | $1.8B | ||
| Q1 24 | $2.1B | $1.8B |
总资产DECKMMS
| Q4 25 | $4.1B | $4.2B | ||
| Q3 25 | $3.8B | $4.1B | ||
| Q2 25 | $3.8B | $4.5B | ||
| Q1 25 | $3.6B | $4.2B | ||
| Q4 24 | $4.0B | $4.1B | ||
| Q3 24 | $3.4B | $4.1B | ||
| Q2 24 | $3.3B | $4.0B | ||
| Q1 24 | $3.1B | $4.0B |
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 | $-244.4M |
| 自由现金流经营现金流 - 资本支出 | $1.0B | $-250.7M |
| 自由现金流率自由现金流/营收 | 52.1% | -18.6% |
| 资本支出强度资本支出/营收 | 1.1% | 0.5% |
| 现金转化率经营现金流/净利润 | 2.17× | -2.60× |
| 过去12个月自由现金流最近4个季度 | $929.1M | $218.5M |
8季度趋势，按日历期对齐
经营现金流DECKMMS
| Q4 25 | $1.0B | $-244.4M | ||
| Q3 25 | $8.1M | $649.4M | ||
| Q2 25 | $36.1M | $-182.7M | ||
| Q1 25 | $-73.0M | $42.7M | ||
| Q4 24 | $1.1B | $-80.0M | ||
| Q3 24 | $-90.5M | $163.8M | ||
| Q2 24 | $112.7M | $199.3M | ||
| Q1 24 | $-28.7M | $130.5M |
自由现金流DECKMMS
| Q4 25 | $1.0B | $-250.7M | ||
| Q3 25 | $-13.9M | $641.8M | ||
| Q2 25 | $12.2M | $-198.2M | ||
| Q1 25 | $-89.4M | $25.5M | ||
| Q4 24 | $1.1B | $-103.0M | ||
| Q3 24 | $-113.4M | $131.9M | ||
| Q2 24 | $90.1M | $164.6M | ||
| Q1 24 | $-44.0M | $105.2M |
自由现金流率DECKMMS
| Q4 25 | 52.1% | -18.6% | ||
| Q3 25 | -1.0% | 48.7% | ||
| Q2 25 | 1.3% | -14.7% | ||
| Q1 25 | -8.8% | 1.9% | ||
| Q4 24 | 58.6% | -7.3% | ||
| Q3 24 | -8.6% | 10.0% | ||
| Q2 24 | 10.9% | 12.5% | ||
| Q1 24 | -4.6% | 7.8% |
资本支出强度DECKMMS
| Q4 25 | 1.1% | 0.5% | ||
| Q3 25 | 1.5% | 0.6% | ||
| Q2 25 | 2.5% | 1.1% | ||
| Q1 25 | 1.6% | 1.3% | ||
| Q4 24 | 1.3% | 1.6% | ||
| Q3 24 | 1.7% | 2.4% | ||
| Q2 24 | 2.7% | 2.6% | ||
| Q1 24 | 1.6% | 1.9% |
现金转化率DECKMMS
| Q4 25 | 2.17× | -2.60× | ||
| Q3 25 | 0.03× | 8.63× | ||
| Q2 25 | 0.26× | -1.72× | ||
| Q1 25 | -0.48× | 0.44× | ||
| Q4 24 | 2.40× | -1.94× | ||
| Q3 24 | -0.37× | 2.26× | ||
| Q2 24 | 0.97× | 2.22× | ||
| Q1 24 | -0.22× | 1.62× |
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% |
MMS
| Clinical Services | $523.7M | 39% |
| Cost Plus Contracts | $386.4M | 29% |
| Outside The United States | $143.2M | 11% |
| International Government Agencies | $141.0M | 10% |
| Technology Solutions | $74.8M | 6% |
| Employment And Other | $70.2M | 5% |
| Other Including Local Municipalities And Commercial Customers | $17.6M | 1% |
