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Deckers Brands（DECK）与ServiceNow（NOW）财务数据对比。点击上方公司名可切换其他公司
ServiceNow的季度营收约是Deckers Brands的1.9倍（$3.8B vs $2.0B），Deckers Brands净利率更高（24.6% vs 12.4%，领先12.1%），Deckers Brands同比增速更快（7.1% vs 2.8%），ServiceNow自由现金流更多（$1.7B vs $1.0B），过去两年Deckers Brands的营收复合增速更高（42.8% vs 19.8%）
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。
ServiceNow是2003年由弗雷德·卢迪在美国加利福尼亚州圣克拉拉创立的软件企业，主打云计算平台产品，可支持企业搭建及管理自动化业务工作流。公司于纽交所上市，现为标普100及标普500指数成分股。
DECK vs NOW — 直观对比
营收规模更大
NOW
是对方的1.9倍
$2.0B
营收增速更快
DECK
高出4.4%
2.8%
净利率更高
DECK
高出12.1%
12.4%
自由现金流更多
NOW
多$644.7M
$1.0B
两年增速更快
DECK
近两年复合增速
19.8%
损益表 — Q3 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $2.0B | $3.8B |
| 净利润 | $481.1M | $469.0M |
| 毛利率 | 59.8% | 75.1% |
| 营业利润率 | 31.4% | 13.3% |
| 净利率 | 24.6% | 12.4% |
| 营收同比 | 7.1% | 2.8% |
| 净利润同比 | 5.3% | -53.7% |
| 每股收益（稀释后） | $3.33 | $1.04 |
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DECKNOW
| Q1 26 | — | $3.8B | ||
| Q4 25 | $2.0B | $3.6B | ||
| Q3 25 | $1.4B | $3.4B | ||
| Q2 25 | $964.5M | $3.2B | ||
| Q1 25 | $1.0B | $3.1B | ||
| Q4 24 | $1.8B | $3.0B | ||
| Q3 24 | $1.3B | $2.8B | ||
| Q2 24 | $825.3M | $2.6B |
净利润DECKNOW
| Q1 26 | — | $469.0M | ||
| Q4 25 | $481.1M | $401.0M | ||
| Q3 25 | $268.2M | $502.0M | ||
| Q2 25 | $139.2M | $385.0M | ||
| Q1 25 | $151.4M | $460.0M | ||
| Q4 24 | $456.7M | $384.0M | ||
| Q3 24 | $242.3M | $432.0M | ||
| Q2 24 | $115.6M | $262.0M |
毛利率DECKNOW
| Q1 26 | — | 75.1% | ||
| Q4 25 | 59.8% | 76.6% | ||
| Q3 25 | 56.2% | 77.3% | ||
| Q2 25 | 55.8% | 77.5% | ||
| Q1 25 | 56.7% | 78.9% | ||
| Q4 24 | 60.3% | 78.7% | ||
| Q3 24 | 55.9% | 79.1% | ||
| Q2 24 | 56.9% | 79.0% |
营业利润率DECKNOW
| Q1 26 | — | 13.3% | ||
| Q4 25 | 31.4% | 12.4% | ||
| Q3 25 | 22.8% | 16.8% | ||
| Q2 25 | 17.1% | 11.1% | ||
| Q1 25 | 17.0% | 14.6% | ||
| Q4 24 | 31.0% | 12.6% | ||
| Q3 24 | 23.3% | 14.9% | ||
| Q2 24 | 16.1% | 9.1% |
净利率DECKNOW
| Q1 26 | — | 12.4% | ||
| Q4 25 | 24.6% | 11.2% | ||
| Q3 25 | 18.7% | 14.7% | ||
| Q2 25 | 14.4% | 12.0% | ||
| Q1 25 | 14.8% | 14.9% | ||
| Q4 24 | 25.0% | 13.0% | ||
| Q3 24 | 18.5% | 15.4% | ||
| Q2 24 | 14.0% | 10.0% |
每股收益（稀释后）DECKNOW
| Q1 26 | — | $1.04 | ||
| Q4 25 | $3.33 | $-4.77 | ||
| Q3 25 | $1.82 | $2.40 | ||
| Q2 25 | $0.93 | $1.84 | ||
| Q1 25 | $-2.78 | $2.20 | ||
| Q4 24 | $3.00 | $1.84 | ||
| Q3 24 | $1.59 | $2.07 | ||
| Q2 24 | $4.52 | $1.26 |
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 | $2.7B |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $2.6B | $11.7B |
| 总资产 | $4.1B | $24.4B |
| 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DECKNOW
| Q1 26 | — | $2.7B | ||
| Q4 25 | $2.1B | $3.7B | ||
| Q3 25 | $1.4B | $2.7B | ||
| Q2 25 | $1.7B | $3.1B | ||
| Q1 25 | $1.9B | $3.4B | ||
| Q4 24 | $2.2B | $2.3B | ||
| Q3 24 | $1.2B | $1.9B | ||
| Q2 24 | $1.4B | $2.2B |
股东权益DECKNOW
| Q1 26 | — | $11.7B | ||
| Q4 25 | $2.6B | $13.0B | ||
| Q3 25 | $2.5B | $11.3B | ||
| Q2 25 | $2.5B | $10.9B | ||
| Q1 25 | $2.5B | $10.1B | ||
| Q4 24 | $2.6B | $9.6B | ||
| Q3 24 | $2.2B | $9.3B | ||
| Q2 24 | $2.1B | $8.7B |
总资产DECKNOW
| Q1 26 | — | $24.4B | ||
| Q4 25 | $4.1B | $26.0B | ||
| Q3 25 | $3.8B | $21.8B | ||
| Q2 25 | $3.8B | $22.1B | ||
| Q1 25 | $3.6B | $21.0B | ||
| Q4 24 | $4.0B | $20.4B | ||
| Q3 24 | $3.4B | $18.4B | ||
| Q2 24 | $3.3B | $18.2B |
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 | $1.7B |
| 自由现金流经营现金流 - 资本支出 | $1.0B | $1.7B |
| 自由现金流率自由现金流/营收 | 52.1% | 44.2% |
| 资本支出强度资本支出/营收 | 1.1% | — |
| 现金转化率经营现金流/净利润 | 2.17× | 3.56× |
| 过去12个月自由现金流最近4个季度 | $929.1M | $4.8B |
8季度趋势，按日历期对齐
经营现金流DECKNOW
| Q1 26 | — | $1.7B | ||
| Q4 25 | $1.0B | $2.2B | ||
| Q3 25 | $8.1M | $813.0M | ||
| Q2 25 | $36.1M | $716.0M | ||
| Q1 25 | $-73.0M | $1.7B | ||
| Q4 24 | $1.1B | $1.6B | ||
| Q3 24 | $-90.5M | $671.0M | ||
| Q2 24 | $112.7M | $620.0M |
自由现金流DECKNOW
| Q1 26 | — | $1.7B | ||
| Q4 25 | $1.0B | $2.0B | ||
| Q3 25 | $-13.9M | $578.0M | ||
| Q2 25 | $12.2M | $526.0M | ||
| Q1 25 | $-89.4M | $1.5B | ||
| Q4 24 | $1.1B | $1.4B | ||
| Q3 24 | $-113.4M | $469.0M | ||
| Q2 24 | $90.1M | $358.0M |
自由现金流率DECKNOW
| Q1 26 | — | 44.2% | ||
| Q4 25 | 52.1% | 56.1% | ||
| Q3 25 | -1.0% | 17.0% | ||
| Q2 25 | 1.3% | 16.4% | ||
| Q1 25 | -8.8% | 47.7% | ||
| Q4 24 | 58.6% | 46.7% | ||
| Q3 24 | -8.6% | 16.8% | ||
| Q2 24 | 10.9% | 13.6% |
资本支出强度DECKNOW
| Q1 26 | — | — | ||
| Q4 25 | 1.1% | 6.7% | ||
| Q3 25 | 1.5% | 6.9% | ||
| Q2 25 | 2.5% | 5.9% | ||
| Q1 25 | 1.6% | 6.6% | ||
| Q4 24 | 1.3% | 8.6% | ||
| Q3 24 | 1.7% | 7.2% | ||
| Q2 24 | 2.7% | 10.0% |
现金转化率DECKNOW
| Q1 26 | — | 3.56× | ||
| Q4 25 | 2.17× | 5.58× | ||
| Q3 25 | 0.03× | 1.62× | ||
| Q2 25 | 0.26× | 1.86× | ||
| Q1 25 | -0.48× | 3.65× | ||
| Q4 24 | 2.40× | 4.26× | ||
| Q3 24 | -0.37× | 1.55× | ||
| Q2 24 | 0.97× | 2.37× |
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% |
NOW
| Subscription revenues | $3.7B | 97% |
| Other | $80.5M | 2% |
| Professional services and other revenues | $18.5M | 0% |
