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Deckers Brands（DECK）与INSPERITY, INC.（NSP）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INSPERITY, INC.的1.2倍（$2.0B vs $1.7B），Deckers Brands同比增速更快（7.1% vs 3.4%），Deckers Brands自由现金流更多（$1.0B vs $246.0M），过去两年Deckers Brands的营收复合增速更高（42.8% vs -3.8%）
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。
Insperity（前身为Administaff）是总部位于美国得克萨斯州休斯顿金伍德区的专业雇主组织（PEO），专注为中小微企业提供人力资源及行政事务外包等相关服务。自2004年起，该企业长期担任冠军巡回赛职业高尔夫赛事的冠名赞助商。
DECK vs NSP — 直观对比
营收规模更大
DECK
是对方的1.2倍
$1.7B
营收增速更快
DECK
高出3.7%
3.4%
自由现金流更多
DECK
多$774.3M
$246.0M
两年增速更快
DECK
近两年复合增速
-3.8%
损益表 — Q3 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $2.0B | $1.7B |
| 净利润 | $481.1M | — |
| 毛利率 | 59.8% | 10.3% |
| 营业利润率 | 31.4% | -2.8% |
| 净利率 | 24.6% | — |
| 营收同比 | 7.1% | 3.4% |
| 净利润同比 | 5.3% | — |
| 每股收益（稀释后） | $3.33 | $-0.87 |
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DECKNSP
| Q4 25 | $2.0B | $1.7B | ||
| Q3 25 | $1.4B | $1.6B | ||
| Q2 25 | $964.5M | $1.7B | ||
| Q1 25 | $1.0B | $1.9B | ||
| Q4 24 | $1.8B | $1.6B | ||
| Q3 24 | $1.3B | $1.6B | ||
| Q2 24 | $825.3M | $1.6B | ||
| Q1 24 | $959.8M | $1.8B |
净利润DECKNSP
| Q4 25 | $481.1M | — | ||
| Q3 25 | $268.2M | $-20.0M | ||
| Q2 25 | $139.2M | $-5.0M | ||
| Q1 25 | $151.4M | $51.0M | ||
| Q4 24 | $456.7M | — | ||
| Q3 24 | $242.3M | $3.0M | ||
| Q2 24 | $115.6M | $18.0M | ||
| Q1 24 | $127.5M | $79.0M |
毛利率DECKNSP
| Q4 25 | 59.8% | 10.3% | ||
| Q3 25 | 56.2% | 12.0% | ||
| Q2 25 | 55.8% | 13.4% | ||
| Q1 25 | 56.7% | 16.6% | ||
| Q4 24 | 60.3% | 13.5% | ||
| Q3 24 | 55.9% | 14.7% | ||
| Q2 24 | 56.9% | 16.2% | ||
| Q1 24 | 56.2% | 19.1% |
营业利润率DECKNSP
| Q4 25 | 31.4% | -2.8% | ||
| Q3 25 | 22.8% | -1.5% | ||
| Q2 25 | 17.1% | -0.4% | ||
| Q1 25 | 17.0% | 3.7% | ||
| Q4 24 | 31.0% | -0.9% | ||
| Q3 24 | 23.3% | 0.1% | ||
| Q2 24 | 16.1% | 1.4% | ||
| Q1 24 | 15.0% | 6.0% |
净利率DECKNSP
| Q4 25 | 24.6% | — | ||
| Q3 25 | 18.7% | -1.2% | ||
| Q2 25 | 14.4% | -0.3% | ||
| Q1 25 | 14.8% | 2.7% | ||
| Q4 24 | 25.0% | — | ||
| Q3 24 | 18.5% | 0.2% | ||
| Q2 24 | 14.0% | 1.1% | ||
| Q1 24 | 13.3% | 4.4% |
每股收益（稀释后）DECKNSP
| Q4 25 | $3.33 | $-0.87 | ||
| Q3 25 | $1.82 | $-0.53 | ||
| Q2 25 | $0.93 | $-0.14 | ||
| Q1 25 | $-2.78 | $1.35 | ||
| Q4 24 | $3.00 | $-0.21 | ||
| Q3 24 | $1.59 | $0.07 | ||
| Q2 24 | $4.52 | $0.48 | ||
| Q1 24 | $4.82 | $2.08 |
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 | $682.0M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $2.6B | $46.0M |
| 总资产 | $4.1B | $2.2B |
| 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DECKNSP
| Q4 25 | $2.1B | $682.0M | ||
| Q3 25 | $1.4B | $521.0M | ||
| Q2 25 | $1.7B | $511.0M | ||
| Q1 25 | $1.9B | $684.0M | ||
| Q4 24 | $2.2B | $1.2B | ||
| Q3 24 | $1.2B | $596.0M | ||
| Q2 24 | $1.4B | $850.0M | ||
| Q1 24 | $1.5B | $801.0M |
股东权益DECKNSP
| Q4 25 | $2.6B | $46.0M | ||
| Q3 25 | $2.5B | $87.0M | ||
| Q2 25 | $2.5B | $112.0M | ||
| Q1 25 | $2.5B | $119.0M | ||
| Q4 24 | $2.6B | $97.0M | ||
| Q3 24 | $2.2B | $125.0M | ||
| Q2 24 | $2.1B | $142.0M | ||
| Q1 24 | $2.1B | $140.0M |
总资产DECKNSP
| Q4 25 | $4.1B | $2.2B | ||
| Q3 25 | $3.8B | $2.0B | ||
| Q2 25 | $3.8B | $2.0B | ||
| Q1 25 | $3.6B | $2.1B | ||
| Q4 24 | $4.0B | $2.6B | ||
| Q3 24 | $3.4B | $1.9B | ||
| Q2 24 | $3.3B | $2.1B | ||
| Q1 24 | $3.1B | $2.1B |
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 | $255.0M |
| 自由现金流经营现金流 - 资本支出 | $1.0B | $246.0M |
| 自由现金流率自由现金流/营收 | 52.1% | 14.7% |
| 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× | — |
| 过去12个月自由现金流最近4个季度 | $929.1M | $-309.0M |
8季度趋势，按日历期对齐
经营现金流DECKNSP
| Q4 25 | $1.0B | $255.0M | ||
| Q3 25 | $8.1M | $-11.0M | ||
| Q2 25 | $36.1M | $-79.0M | ||
| Q1 25 | $-73.0M | $-443.0M | ||
| Q4 24 | $1.1B | $619.0M | ||
| Q3 24 | $-90.5M | $-150.0M | ||
| Q2 24 | $112.7M | $20.0M | ||
| Q1 24 | $-28.7M | $31.0M |
自由现金流DECKNSP
| Q4 25 | $1.0B | $246.0M | ||
| Q3 25 | $-13.9M | $-20.0M | ||
| Q2 25 | $12.2M | $-86.0M | ||
| Q1 25 | $-89.4M | $-449.0M | ||
| Q4 24 | $1.1B | $606.0M | ||
| Q3 24 | $-113.4M | $-164.0M | ||
| Q2 24 | $90.1M | $14.0M | ||
| Q1 24 | $-44.0M | $26.0M |
自由现金流率DECKNSP
| Q4 25 | 52.1% | 14.7% | ||
| Q3 25 | -1.0% | -1.2% | ||
| Q2 25 | 1.3% | -5.2% | ||
| Q1 25 | -8.8% | -24.1% | ||
| Q4 24 | 58.6% | 37.6% | ||
| Q3 24 | -8.6% | -10.5% | ||
| Q2 24 | 10.9% | 0.9% | ||
| Q1 24 | -4.6% | 1.4% |
资本支出强度DECKNSP
| Q4 25 | 1.1% | 0.5% | ||
| Q3 25 | 1.5% | 0.6% | ||
| Q2 25 | 2.5% | 0.4% | ||
| Q1 25 | 1.6% | 0.3% | ||
| Q4 24 | 1.3% | 0.8% | ||
| Q3 24 | 1.7% | 0.9% | ||
| Q2 24 | 2.7% | 0.4% | ||
| Q1 24 | 1.6% | 0.3% |
现金转化率DECKNSP
| Q4 25 | 2.17× | — | ||
| Q3 25 | 0.03× | — | ||
| Q2 25 | 0.26× | — | ||
| Q1 25 | -0.48× | -8.69× | ||
| Q4 24 | 2.40× | — | ||
| Q3 24 | -0.37× | -50.00× | ||
| Q2 24 | 0.97× | 1.11× | ||
| Q1 24 | -0.22× | 0.39× |
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% |
NSP
| Northeast | $455.0M | 27% |
| West | $339.0M | 20% |
| Southwest | $317.0M | 19% |
| Central | $299.0M | 18% |
| Southeast | $241.0M | 14% |
| Other Revenues | $17.0M | 1% |
