vs
Deckers Brands（DECK）与NiSource（NI）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NiSource的1.0倍（$2.0B vs $1.9B），Deckers Brands净利率更高（24.6% vs 13.7%，领先10.9%），NiSource同比增速更快（22.5% vs 7.1%），Deckers Brands自由现金流更多（$1.0B vs $-133.7M），过去两年Deckers Brands的营收复合增速更高（42.8% vs 7.2%）
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。
NiSource是美国规模最大的受全面监管公用事业企业之一，总部位于印第安纳州梅里尔维尔，员工规模超8000人。公司旗下拥有Columbia Gas、NIPSCO两大本土品牌，业务覆盖美国六个州，为约350万天然气用户、50万电力用户提供服务，2018年时是印第安纳州唯一的本土公用事业企业。
DECK vs NI — 直观对比
营收规模更大
DECK
是对方的1.0倍
$1.9B
营收增速更快
NI
高出15.4%
7.1%
净利率更高
DECK
高出10.9%
13.7%
自由现金流更多
DECK
多$1.2B
$-133.7M
两年增速更快
DECK
近两年复合增速
7.2%
损益表 — Q3 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $2.0B | $1.9B |
| 净利润 | $481.1M | $257.8M |
| 毛利率 | 59.8% | — |
| 营业利润率 | 31.4% | 27.3% |
| 净利率 | 24.6% | 13.7% |
| 营收同比 | 7.1% | 22.5% |
| 净利润同比 | 5.3% | 15.1% |
| 每股收益（稀释后） | $3.33 | $0.53 |
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DECKNI
| Q4 25 | $2.0B | $1.9B | ||
| Q3 25 | $1.4B | $1.2B | ||
| Q2 25 | $964.5M | $1.2B | ||
| Q1 25 | $1.0B | $2.1B | ||
| Q4 24 | $1.8B | $1.5B | ||
| Q3 24 | $1.3B | $1.0B | ||
| Q2 24 | $825.3M | $1.1B | ||
| Q1 24 | $959.8M | $1.6B |
净利润DECKNI
| Q4 25 | $481.1M | $257.8M | ||
| Q3 25 | $268.2M | $94.7M | ||
| Q2 25 | $139.2M | $102.2M | ||
| Q1 25 | $151.4M | $474.8M | ||
| Q4 24 | $456.7M | $223.9M | ||
| Q3 24 | $242.3M | $85.7M | ||
| Q2 24 | $115.6M | $85.8M | ||
| Q1 24 | $127.5M | $365.0M |
毛利率DECKNI
| 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DECKNI
| Q4 25 | 31.4% | 27.3% | ||
| Q3 25 | 22.8% | 24.0% | ||
| Q2 25 | 17.1% | 21.1% | ||
| Q1 25 | 17.0% | 35.3% | ||
| Q4 24 | 31.0% | 27.1% | ||
| Q3 24 | 23.3% | 20.9% | ||
| Q2 24 | 16.1% | 22.5% | ||
| Q1 24 | 15.0% | 35.5% |
净利率DECKNI
| Q4 25 | 24.6% | 13.7% | ||
| Q3 25 | 18.7% | 7.6% | ||
| Q2 25 | 14.4% | 8.2% | ||
| Q1 25 | 14.8% | 22.1% | ||
| Q4 24 | 25.0% | 14.5% | ||
| Q3 24 | 18.5% | 8.2% | ||
| Q2 24 | 14.0% | 8.1% | ||
| Q1 24 | 13.3% | 22.2% |
每股收益（稀释后）DECKNI
| Q4 25 | $3.33 | $0.53 | ||
| Q3 25 | $1.82 | $0.20 | ||
| Q2 25 | $0.93 | $0.22 | ||
| Q1 25 | $-2.78 | $1.00 | ||
| Q4 24 | $3.00 | $0.47 | ||
| Q3 24 | $1.59 | $0.19 | ||
| Q2 24 | $4.52 | $0.19 | ||
| Q1 24 | $4.82 | $0.77 |
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 | $110.1M |
| 总债务越低越好 | — | $15.5B |
| 股东权益账面价值 | $2.6B | $9.5B |
| 总资产 | $4.1B | $35.9B |
| 负债/权益比越低杠杆越低 | — | 1.64× |
8季度趋势，按日历期对齐
现金及短期投资DECKNI
| Q4 25 | $2.1B | $110.1M | ||
| Q3 25 | $1.4B | $95.0M | ||
| Q2 25 | $1.7B | $335.4M | ||
| Q1 25 | $1.9B | $259.4M | ||
| Q4 24 | $2.2B | $156.6M | ||
| Q3 24 | $1.2B | $126.2M | ||
| Q2 24 | $1.4B | $101.2M | ||
| Q1 24 | $1.5B | $102.2M |
总债务DECKNI
| Q4 25 | — | $15.5B | ||
| Q3 25 | — | $14.5B | ||
| Q2 25 | — | $14.5B | ||
| Q1 25 | — | $12.8B | ||
| Q4 24 | — | $12.1B | ||
| Q3 24 | — | $12.1B | ||
| Q2 24 | — | $12.8B | ||
| Q1 24 | — | $11.7B |
股东权益DECKNI
| Q4 25 | $2.6B | $9.5B | ||
| Q3 25 | $2.5B | $9.1B | ||
| Q2 25 | $2.5B | $8.9B | ||
| Q1 25 | $2.5B | $8.9B | ||
| Q4 24 | $2.6B | $8.7B | ||
| Q3 24 | $2.2B | $8.3B | ||
| Q2 24 | $2.1B | $7.9B | ||
| Q1 24 | $2.1B | $7.9B |
总资产DECKNI
| Q4 25 | $4.1B | $35.9B | ||
| Q3 25 | $3.8B | $34.4B | ||
| Q2 25 | $3.8B | $34.0B | ||
| Q1 25 | $3.6B | $33.1B | ||
| Q4 24 | $4.0B | $31.8B | ||
| Q3 24 | $3.4B | $30.8B | ||
| Q2 24 | $3.3B | $29.9B | ||
| Q1 24 | $3.1B | $29.3B |
负债/权益比DECKNI
| Q4 25 | — | 1.64× | ||
| Q3 25 | — | 1.59× | ||
| Q2 25 | — | 1.63× | ||
| Q1 25 | — | 1.44× | ||
| Q4 24 | — | 1.39× | ||
| Q3 24 | — | 1.45× | ||
| Q2 24 | — | 1.63× | ||
| Q1 24 | — | 1.48× |
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 | $712.6M |
| 自由现金流经营现金流 - 资本支出 | $1.0B | $-133.7M |
| 自由现金流率自由现金流/营收 | 52.1% | -7.1% |
| 资本支出强度资本支出/营收 | 1.1% | 44.9% |
| 现金转化率经营现金流/净利润 | 2.17× | 2.76× |
| 过去12个月自由现金流最近4个季度 | $929.1M | $-420.0M |
8季度趋势，按日历期对齐
经营现金流DECKNI
| Q4 25 | $1.0B | $712.6M | ||
| Q3 25 | $8.1M | $467.9M | ||
| Q2 25 | $36.1M | $495.4M | ||
| Q1 25 | $-73.0M | $686.4M | ||
| Q4 24 | $1.1B | $539.8M | ||
| Q3 24 | $-90.5M | $340.0M | ||
| Q2 24 | $112.7M | $445.5M | ||
| Q1 24 | $-28.7M | $456.2M |
自由现金流DECKNI
| Q4 25 | $1.0B | $-133.7M | ||
| Q3 25 | $-13.9M | $-172.6M | ||
| Q2 25 | $12.2M | $-162.8M | ||
| Q1 25 | $-89.4M | $49.1M | ||
| Q4 24 | $1.1B | $-220.2M | ||
| Q3 24 | $-113.4M | $-294.7M | ||
| Q2 24 | $90.1M | $-184.3M | ||
| Q1 24 | $-44.0M | $-133.3M |
自由现金流率DECKNI
| Q4 25 | 52.1% | -7.1% | ||
| Q3 25 | -1.0% | -13.9% | ||
| Q2 25 | 1.3% | -13.1% | ||
| Q1 25 | -8.8% | 2.3% | ||
| Q4 24 | 58.6% | -14.3% | ||
| Q3 24 | -8.6% | -28.2% | ||
| Q2 24 | 10.9% | -17.5% | ||
| Q1 24 | -4.6% | -8.1% |
资本支出强度DECKNI
| Q4 25 | 1.1% | 44.9% | ||
| Q3 25 | 1.5% | 51.6% | ||
| Q2 25 | 2.5% | 52.8% | ||
| Q1 25 | 1.6% | 29.6% | ||
| Q4 24 | 1.3% | 49.4% | ||
| Q3 24 | 1.7% | 60.7% | ||
| Q2 24 | 2.7% | 59.7% | ||
| Q1 24 | 1.6% | 35.9% |
现金转化率DECKNI
| Q4 25 | 2.17× | 2.76× | ||
| Q3 25 | 0.03× | 4.94× | ||
| Q2 25 | 0.26× | 4.85× | ||
| Q1 25 | -0.48× | 1.45× | ||
| Q4 24 | 2.40× | 2.41× | ||
| Q3 24 | -0.37× | 3.97× | ||
| Q2 24 | 0.97× | 5.19× | ||
| Q1 24 | -0.22× | 1.25× |
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% |
NI
| Residential | $703.6M | 37% |
| Ni Source Electric Generation And Power Delivery | $525.6M | 28% |
| NIPSCO Gas Distribution | $348.1M | 18% |
| Commercial | $235.9M | 13% |
| Industrial | $45.9M | 2% |
| Offsystem | $16.9M | 1% |
| Misc. | $9.6M | 1% |
| Related Party | $3.3M | 0% |
