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Deckers Brands（DECK）与NetApp（NTAP）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NetApp的1.1倍（$2.0B vs $1.7B），Deckers Brands净利率更高（24.6% vs 17.9%，领先6.7%），Deckers Brands同比增速更快（7.1% vs 2.8%），Deckers Brands自由现金流更多（$1.0B vs $78.0M），过去两年Deckers Brands的营收复合增速更高（42.8% vs 3.0%）
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。
NetApp是总部位于美国加利福尼亚州圣何塞的企业级数据基础设施服务商，成立于1992年，2012至2021年连续入选《财富》世界500强。公司面向全球企业客户提供统一数据存储、集成数据服务及云运营解决方案，可满足线上线下全场景的应用与数据管理需求。
DECK vs NTAP — 直观对比
营收规模更大
DECK
是对方的1.1倍
$1.7B
营收增速更快
DECK
高出4.3%
2.8%
净利率更高
DECK
高出6.7%
17.9%
自由现金流更多
DECK
多$942.3M
$78.0M
两年增速更快
DECK
近两年复合增速
3.0%
损益表 — Q3 FY2026 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $2.0B | $1.7B |
| 净利润 | $481.1M | $305.0M |
| 毛利率 | 59.8% | 72.0% |
| 营业利润率 | 31.4% | 23.4% |
| 净利率 | 24.6% | 17.9% |
| 营收同比 | 7.1% | 2.8% |
| 净利润同比 | 5.3% | 2.0% |
| 每股收益（稀释后） | $3.33 | $1.51 |
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DECKNTAP
| Q4 25 | $2.0B | $1.7B | ||
| Q3 25 | $1.4B | $1.6B | ||
| Q2 25 | $964.5M | $1.7B | ||
| Q1 25 | $1.0B | $1.6B | ||
| Q4 24 | $1.8B | $1.7B | ||
| Q3 24 | $1.3B | $1.5B | ||
| Q2 24 | $825.3M | $1.7B | ||
| Q1 24 | $959.8M | $1.6B |
净利润DECKNTAP
| Q4 25 | $481.1M | $305.0M | ||
| Q3 25 | $268.2M | $233.0M | ||
| Q2 25 | $139.2M | $340.0M | ||
| Q1 25 | $151.4M | $299.0M | ||
| Q4 24 | $456.7M | $299.0M | ||
| Q3 24 | $242.3M | $248.0M | ||
| Q2 24 | $115.6M | $291.0M | ||
| Q1 24 | $127.5M | $313.0M |
毛利率DECKNTAP
| Q4 25 | 59.8% | 72.0% | ||
| Q3 25 | 56.2% | 70.4% | ||
| Q2 25 | 55.8% | 68.9% | ||
| Q1 25 | 56.7% | 69.8% | ||
| Q4 24 | 60.3% | 71.0% | ||
| Q3 24 | 55.9% | 71.3% | ||
| Q2 24 | 56.9% | 70.5% | ||
| Q1 24 | 56.2% | 71.7% |
营业利润率DECKNTAP
| Q4 25 | 31.4% | 23.4% | ||
| Q3 25 | 22.8% | 19.8% | ||
| Q2 25 | 17.1% | 20.1% | ||
| Q1 25 | 17.0% | 22.1% | ||
| Q4 24 | 31.0% | 20.8% | ||
| Q3 24 | 23.3% | 18.3% | ||
| Q2 24 | 16.1% | 21.9% | ||
| Q1 24 | 15.0% | 22.8% |
净利率DECKNTAP
| Q4 25 | 24.6% | 17.9% | ||
| Q3 25 | 18.7% | 14.9% | ||
| Q2 25 | 14.4% | 19.6% | ||
| Q1 25 | 14.8% | 18.2% | ||
| Q4 24 | 25.0% | 18.0% | ||
| Q3 24 | 18.5% | 16.1% | ||
| Q2 24 | 14.0% | 17.4% | ||
| Q1 24 | 13.3% | 19.5% |
每股收益（稀释后）DECKNTAP
| Q4 25 | $3.33 | $1.51 | ||
| Q3 25 | $1.82 | $1.15 | ||
| Q2 25 | $0.93 | $1.64 | ||
| Q1 25 | $-2.78 | $1.44 | ||
| Q4 24 | $3.00 | $1.42 | ||
| Q3 24 | $1.59 | $1.17 | ||
| Q2 24 | $4.52 | $1.36 | ||
| Q1 24 | $4.82 | $1.48 |
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 | $3.0B |
| 总债务越低越好 | — | $2.5B |
| 股东权益账面价值 | $2.6B | $986.0M |
| 总资产 | $4.1B | $9.6B |
| 负债/权益比越低杠杆越低 | — | 2.52× |
8季度趋势，按日历期对齐
现金及短期投资DECKNTAP
| Q4 25 | $2.1B | $3.0B | ||
| Q3 25 | $1.4B | $3.3B | ||
| Q2 25 | $1.7B | $3.8B | ||
| Q1 25 | $1.9B | $2.3B | ||
| Q4 24 | $2.2B | $2.2B | ||
| Q3 24 | $1.2B | $3.0B | ||
| Q2 24 | $1.4B | $3.3B | ||
| Q1 24 | $1.5B | $2.9B |
总债务DECKNTAP
| Q4 25 | — | $2.5B | ||
| Q3 25 | — | $2.5B | ||
| Q2 25 | — | $3.2B | ||
| Q1 25 | — | $2.0B | ||
| Q4 24 | — | $2.0B | ||
| Q3 24 | — | $2.4B | ||
| Q2 24 | — | $2.4B | ||
| Q1 24 | — | $2.4B |
股东权益DECKNTAP
| Q4 25 | $2.6B | $986.0M | ||
| Q3 25 | $2.5B | $975.0M | ||
| Q2 25 | $2.5B | $1.0B | ||
| Q1 25 | $2.5B | $995.0M | ||
| Q4 24 | $2.6B | $892.0M | ||
| Q3 24 | $2.2B | $929.0M | ||
| Q2 24 | $2.1B | $1.1B | ||
| Q1 24 | $2.1B | $994.0M |
总资产DECKNTAP
| Q4 25 | $4.1B | $9.6B | ||
| Q3 25 | $3.8B | $9.7B | ||
| Q2 25 | $3.8B | $10.8B | ||
| Q1 25 | $3.6B | $9.0B | ||
| Q4 24 | $4.0B | $9.0B | ||
| Q3 24 | $3.4B | $9.3B | ||
| Q2 24 | $3.3B | $9.9B | ||
| Q1 24 | $3.1B | $9.4B |
负债/权益比DECKNTAP
| Q4 25 | — | 2.52× | ||
| Q3 25 | — | 2.55× | ||
| Q2 25 | — | 3.11× | ||
| Q1 25 | — | 2.00× | ||
| Q4 24 | — | 2.23× | ||
| Q3 24 | — | 2.58× | ||
| Q2 24 | — | 2.09× | ||
| Q1 24 | — | 2.41× |
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 | $127.0M |
| 自由现金流经营现金流 - 资本支出 | $1.0B | $78.0M |
| 自由现金流率自由现金流/营收 | 52.1% | 4.6% |
| 资本支出强度资本支出/营收 | 1.1% | 2.9% |
| 现金转化率经营现金流/净利润 | 2.17× | 0.42× |
| 过去12个月自由现金流最近4个季度 | $929.1M | — |
8季度趋势，按日历期对齐
经营现金流DECKNTAP
| Q4 25 | $1.0B | $127.0M | ||
| Q3 25 | $8.1M | $673.0M | ||
| Q2 25 | $36.1M | — | ||
| Q1 25 | $-73.0M | $385.0M | ||
| Q4 24 | $1.1B | — | ||
| Q3 24 | $-90.5M | $341.0M | ||
| Q2 24 | $112.7M | $613.0M | ||
| Q1 24 | $-28.7M | $484.0M |
自由现金流DECKNTAP
| Q4 25 | $1.0B | $78.0M | ||
| Q3 25 | $-13.9M | $620.0M | ||
| Q2 25 | $12.2M | — | ||
| Q1 25 | $-89.4M | $338.0M | ||
| Q4 24 | $1.1B | — | ||
| Q3 24 | $-113.4M | $300.0M | ||
| Q2 24 | $90.1M | $567.0M | ||
| Q1 24 | $-44.0M | $448.0M |
自由现金流率DECKNTAP
| Q4 25 | 52.1% | 4.6% | ||
| Q3 25 | -1.0% | 39.8% | ||
| Q2 25 | 1.3% | — | ||
| Q1 25 | -8.8% | 20.6% | ||
| Q4 24 | 58.6% | — | ||
| Q3 24 | -8.6% | 19.5% | ||
| Q2 24 | 10.9% | 34.0% | ||
| Q1 24 | -4.6% | 27.9% |
资本支出强度DECKNTAP
| Q4 25 | 1.1% | 2.9% | ||
| Q3 25 | 1.5% | 3.4% | ||
| Q2 25 | 2.5% | — | ||
| Q1 25 | 1.6% | 2.9% | ||
| Q4 24 | 1.3% | — | ||
| Q3 24 | 1.7% | 2.7% | ||
| Q2 24 | 2.7% | 2.8% | ||
| Q1 24 | 1.6% | 2.2% |
现金转化率DECKNTAP
| Q4 25 | 2.17× | 0.42× | ||
| Q3 25 | 0.03× | 2.89× | ||
| Q2 25 | 0.26× | — | ||
| Q1 25 | -0.48× | 1.29× | ||
| Q4 24 | 2.40× | — | ||
| Q3 24 | -0.37× | 1.38× | ||
| Q2 24 | 0.97× | 2.11× | ||
| Q1 24 | -0.22× | 1.55× |
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% |
NTAP
| Products | $788.0M | 46% |
| Support | $647.0M | 38% |
| Public Cloud Segment | $171.0M | 10% |
| Professional And Other Services | $99.0M | 6% |
