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Deckers Brands（DECK）与NCR Atleos Corp（NATL）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NCR Atleos Corp的1.7倍（$2.0B vs $1.2B），Deckers Brands净利率更高（24.6% vs 7.2%，领先17.4%），Deckers Brands同比增速更快（7.1% vs 4.0%），Deckers Brands自由现金流更多（$1.0B vs $194.0M），过去两年Deckers Brands的营收复合增速更高（42.8% vs 4.9%）
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。
NCR Atleos Corp 前身为NCR公司（National Cash Register），是全球知名的软件、咨询与技术企业，提供多元专业服务与电子产品，业务覆盖自助服务 kiosk、销售点终端、自动柜员机、支票处理系统、条码扫描器等商用软硬件的研发与生产，服务全球各行业客户的数字化运营需求。
DECK vs NATL — 直观对比
营收规模更大
DECK
是对方的1.7倍
$1.2B
营收增速更快
DECK
高出3.2%
4.0%
净利率更高
DECK
高出17.4%
7.2%
自由现金流更多
DECK
多$826.3M
$194.0M
两年增速更快
DECK
近两年复合增速
4.9%
损益表 — Q3 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $2.0B | $1.2B |
| 净利润 | $481.1M | $83.0M |
| 毛利率 | 59.8% | — |
| 营业利润率 | 31.4% | 13.5% |
| 净利率 | 24.6% | 7.2% |
| 营收同比 | 7.1% | 4.0% |
| 净利润同比 | 5.3% | 102.4% |
| 每股收益（稀释后） | $3.33 | $1.09 |
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DECKNATL
| Q4 25 | $2.0B | $1.2B | ||
| Q3 25 | $1.4B | $1.1B | ||
| Q2 25 | $964.5M | $1.1B | ||
| Q1 25 | $1.0B | $979.0M | ||
| Q4 24 | $1.8B | $1.1B | ||
| Q3 24 | $1.3B | $1.1B | ||
| Q2 24 | $825.3M | $1.1B | ||
| Q1 24 | $959.8M | $1.0B |
净利润DECKNATL
| Q4 25 | $481.1M | $83.0M | ||
| Q3 25 | $268.2M | $26.0M | ||
| Q2 25 | $139.2M | $39.0M | ||
| Q1 25 | $151.4M | $14.0M | ||
| Q4 24 | $456.7M | $41.0M | ||
| Q3 24 | $242.3M | $21.0M | ||
| Q2 24 | $115.6M | $27.0M | ||
| Q1 24 | $127.5M | $-9.0M |
毛利率DECKNATL
| Q4 25 | 59.8% | — | ||
| Q3 25 | 56.2% | — | ||
| Q2 25 | 55.8% | — | ||
| Q1 25 | 56.7% | — | ||
| Q4 24 | 60.3% | — | ||
| Q3 24 | 55.9% | — | ||
| Q2 24 | 56.9% | — | ||
| Q1 24 | 56.2% | — |
营业利润率DECKNATL
| Q4 25 | 31.4% | 13.5% | ||
| Q3 25 | 22.8% | 9.8% | ||
| Q2 25 | 17.1% | 10.8% | ||
| Q1 25 | 17.0% | 9.5% | ||
| Q4 24 | 31.0% | 13.4% | ||
| Q3 24 | 23.3% | 10.6% | ||
| Q2 24 | 16.1% | 9.8% | ||
| Q1 24 | 15.0% | 6.5% |
净利率DECKNATL
| Q4 25 | 24.6% | 7.2% | ||
| Q3 25 | 18.7% | 2.3% | ||
| Q2 25 | 14.4% | 3.5% | ||
| Q1 25 | 14.8% | 1.4% | ||
| Q4 24 | 25.0% | 3.7% | ||
| Q3 24 | 18.5% | 2.0% | ||
| Q2 24 | 14.0% | 2.5% | ||
| Q1 24 | 13.3% | -0.9% |
每股收益（稀释后）DECKNATL
| Q4 25 | $3.33 | $1.09 | ||
| Q3 25 | $1.82 | $0.34 | ||
| Q2 25 | $0.93 | $0.52 | ||
| Q1 25 | $-2.78 | $0.19 | ||
| Q4 24 | $3.00 | $0.56 | ||
| Q3 24 | $1.59 | $0.28 | ||
| Q2 24 | $4.52 | $0.37 | ||
| Q1 24 | $4.82 | $-0.13 |
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 | $456.0M |
| 总债务越低越好 | — | $2.7B |
| 股东权益账面价值 | $2.6B | $403.0M |
| 总资产 | $4.1B | $5.7B |
| 负债/权益比越低杠杆越低 | — | 6.63× |
8季度趋势，按日历期对齐
现金及短期投资DECKNATL
| Q4 25 | $2.1B | $456.0M | ||
| Q3 25 | $1.4B | $412.0M | ||
| Q2 25 | $1.7B | $357.0M | ||
| Q1 25 | $1.9B | $352.0M | ||
| Q4 24 | $2.2B | $419.0M | ||
| Q3 24 | $1.2B | $395.0M | ||
| Q2 24 | $1.4B | $374.0M | ||
| Q1 24 | $1.5B | $343.0M |
总债务DECKNATL
| Q4 25 | — | $2.7B | ||
| Q3 25 | — | $2.8B | ||
| Q2 25 | — | $2.8B | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $2.9B | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益DECKNATL
| Q4 25 | $2.6B | $403.0M | ||
| Q3 25 | $2.5B | $330.0M | ||
| Q2 25 | $2.5B | $350.0M | ||
| Q1 25 | $2.5B | $275.0M | ||
| Q4 24 | $2.6B | $219.0M | ||
| Q3 24 | $2.2B | $264.0M | ||
| Q2 24 | $2.1B | $250.0M | ||
| Q1 24 | $2.1B | $283.0M |
总资产DECKNATL
| Q4 25 | $4.1B | $5.7B | ||
| Q3 25 | $3.8B | $5.7B | ||
| Q2 25 | $3.8B | $5.8B | ||
| Q1 25 | $3.6B | $5.7B | ||
| Q4 24 | $4.0B | $5.5B | ||
| Q3 24 | $3.4B | $5.7B | ||
| Q2 24 | $3.3B | $5.8B | ||
| Q1 24 | $3.1B | $5.8B |
负债/权益比DECKNATL
| Q4 25 | — | 6.63× | ||
| Q3 25 | — | 8.45× | ||
| Q2 25 | — | 8.05× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 13.05× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
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 | $231.0M |
| 自由现金流经营现金流 - 资本支出 | $1.0B | $194.0M |
| 自由现金流率自由现金流/营收 | 52.1% | 16.8% |
| 资本支出强度资本支出/营收 | 1.1% | 3.2% |
| 现金转化率经营现金流/净利润 | 2.17× | 2.78× |
| 过去12个月自由现金流最近4个季度 | $929.1M | $239.0M |
8季度趋势，按日历期对齐
经营现金流DECKNATL
| Q4 25 | $1.0B | $231.0M | ||
| Q3 25 | $8.1M | $25.0M | ||
| Q2 25 | $36.1M | $-23.0M | ||
| Q1 25 | $-73.0M | $123.0M | ||
| Q4 24 | $1.1B | $80.0M | ||
| Q3 24 | $-90.5M | $107.0M | ||
| Q2 24 | $112.7M | $9.0M | ||
| Q1 24 | $-28.7M | $148.0M |
自由现金流DECKNATL
| Q4 25 | $1.0B | $194.0M | ||
| Q3 25 | $-13.9M | $-5.0M | ||
| Q2 25 | $12.2M | $-44.0M | ||
| Q1 25 | $-89.4M | $94.0M | ||
| Q4 24 | $1.1B | $62.0M | ||
| Q3 24 | $-113.4M | $85.0M | ||
| Q2 24 | $90.1M | $-14.0M | ||
| Q1 24 | $-44.0M | $124.0M |
自由现金流率DECKNATL
| Q4 25 | 52.1% | 16.8% | ||
| Q3 25 | -1.0% | -0.4% | ||
| Q2 25 | 1.3% | -4.0% | ||
| Q1 25 | -8.8% | 9.6% | ||
| Q4 24 | 58.6% | 5.6% | ||
| Q3 24 | -8.6% | 7.9% | ||
| Q2 24 | 10.9% | -1.3% | ||
| Q1 24 | -4.6% | 11.9% |
资本支出强度DECKNATL
| Q4 25 | 1.1% | 3.2% | ||
| Q3 25 | 1.5% | 2.7% | ||
| Q2 25 | 2.5% | 1.9% | ||
| Q1 25 | 1.6% | 3.0% | ||
| Q4 24 | 1.3% | 1.6% | ||
| Q3 24 | 1.7% | 2.1% | ||
| Q2 24 | 2.7% | 2.1% | ||
| Q1 24 | 1.6% | 2.3% |
现金转化率DECKNATL
| Q4 25 | 2.17× | 2.78× | ||
| Q3 25 | 0.03× | 0.96× | ||
| Q2 25 | 0.26× | -0.59× | ||
| Q1 25 | -0.48× | 8.79× | ||
| Q4 24 | 2.40× | 1.95× | ||
| Q3 24 | -0.37× | 5.10× | ||
| Q2 24 | 0.97× | 0.33× | ||
| 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% |
NATL
| Services | $848.0M | 74% |
| APJ | $136.0M | 12% |
| Americas Excluding United States | $135.0M | 12% |
| TT | $44.0M | 4% |
