vs
Deckers Brands（DECK）与Realty Income（O）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Realty Income的1.3倍（$2.0B vs $1.5B），Deckers Brands净利率更高（24.6% vs 19.9%，领先4.7%），Realty Income同比增速更快（11.0% vs 7.1%），Realty Income自由现金流更多（$1.2B vs $1.0B），过去两年Deckers Brands的营收复合增速更高（42.8% vs 8.6%）
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。
Realty Income是一家房地产投资信托企业，投资范围覆盖美国、英国及欧洲其他六个国家的独立单租户商业地产，旗下物业普遍采用三重净租约模式。公司注册地为美国马里兰州，总部位于加利福尼亚州圣迭戈市。
DECK vs O — 直观对比
营收规模更大
DECK
是对方的1.3倍
$1.5B
营收增速更快
O
高出3.9%
7.1%
净利率更高
DECK
高出4.7%
19.9%
自由现金流更多
O
多$133.7M
$1.0B
两年增速更快
DECK
近两年复合增速
8.6%
损益表 — Q3 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $2.0B | $1.5B |
| 净利润 | $481.1M | $296.1M |
| 毛利率 | 59.8% | — |
| 营业利润率 | 31.4% | 21.7% |
| 净利率 | 24.6% | 19.9% |
| 营收同比 | 7.1% | 11.0% |
| 净利润同比 | 5.3% | 48.3% |
| 每股收益（稀释后） | $3.33 | $0.32 |
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DECKO
| Q4 25 | $2.0B | $1.5B | ||
| Q3 25 | $1.4B | $1.5B | ||
| Q2 25 | $964.5M | $1.4B | ||
| Q1 25 | $1.0B | $1.4B | ||
| Q4 24 | $1.8B | $1.3B | ||
| Q3 24 | $1.3B | $1.3B | ||
| Q2 24 | $825.3M | $1.3B | ||
| Q1 24 | $959.8M | $1.3B |
净利润DECKO
| Q4 25 | $481.1M | $296.1M | ||
| Q3 25 | $268.2M | $315.8M | ||
| Q2 25 | $139.2M | $196.9M | ||
| Q1 25 | $151.4M | $249.8M | ||
| Q4 24 | $456.7M | $199.6M | ||
| Q3 24 | $242.3M | $269.5M | ||
| Q2 24 | $115.6M | $259.4M | ||
| Q1 24 | $127.5M | $132.3M |
毛利率DECKO
| 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DECKO
| Q4 25 | 31.4% | 21.7% | ||
| Q3 25 | 22.8% | 23.2% | ||
| Q2 25 | 17.1% | 15.8% | ||
| Q1 25 | 17.0% | 19.3% | ||
| Q4 24 | 31.0% | 16.5% | ||
| Q3 24 | 23.3% | 21.5% | ||
| Q2 24 | 16.1% | 20.7% | ||
| Q1 24 | 15.0% | 11.9% |
净利率DECKO
| Q4 25 | 24.6% | 19.9% | ||
| Q3 25 | 18.7% | 21.5% | ||
| Q2 25 | 14.4% | 14.0% | ||
| Q1 25 | 14.8% | 18.1% | ||
| Q4 24 | 25.0% | 14.9% | ||
| Q3 24 | 18.5% | 20.2% | ||
| Q2 24 | 14.0% | 19.4% | ||
| Q1 24 | 13.3% | 10.5% |
每股收益（稀释后）DECKO
| Q4 25 | $3.33 | $0.32 | ||
| Q3 25 | $1.82 | $0.35 | ||
| Q2 25 | $0.93 | $0.22 | ||
| Q1 25 | $-2.78 | $0.28 | ||
| Q4 24 | $3.00 | $0.23 | ||
| Q3 24 | $1.59 | $0.30 | ||
| Q2 24 | $4.52 | $0.29 | ||
| Q1 24 | $4.82 | $0.16 |
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 | $434.8M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $2.6B | $39.4B |
| 总资产 | $4.1B | $72.8B |
| 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DECKO
| Q4 25 | $2.1B | $434.8M | ||
| Q3 25 | $1.4B | $417.2M | ||
| Q2 25 | $1.7B | $800.4M | ||
| Q1 25 | $1.9B | $319.0M | ||
| Q4 24 | $2.2B | $445.0M | ||
| Q3 24 | $1.2B | $397.0M | ||
| Q2 24 | $1.4B | $442.8M | ||
| Q1 24 | $1.5B | $680.2M |
股东权益DECKO
| Q4 25 | $2.6B | $39.4B | ||
| Q3 25 | $2.5B | $39.1B | ||
| Q2 25 | $2.5B | $39.2B | ||
| Q1 25 | $2.5B | $39.0B | ||
| Q4 24 | $2.6B | $38.8B | ||
| Q3 24 | $2.2B | $38.5B | ||
| Q2 24 | $2.1B | $38.6B | ||
| Q1 24 | $2.1B | $39.0B |
总资产DECKO
| Q4 25 | $4.1B | $72.8B | ||
| Q3 25 | $3.8B | $71.3B | ||
| Q2 25 | $3.8B | $71.4B | ||
| Q1 25 | $3.6B | $69.8B | ||
| Q4 24 | $4.0B | $68.8B | ||
| Q3 24 | $3.4B | $68.5B | ||
| Q2 24 | $3.3B | $68.1B | ||
| Q1 24 | $3.1B | $68.3B |
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 | $1.2B |
| 自由现金流经营现金流 - 资本支出 | $1.0B | $1.2B |
| 自由现金流率自由现金流/营收 | 52.1% | 77.6% |
| 资本支出强度资本支出/营收 | 1.1% | 3.3% |
| 现金转化率经营现金流/净利润 | 2.17× | 4.06× |
| 过去12个月自由现金流最近4个季度 | $929.1M | $3.9B |
8季度趋势，按日历期对齐
经营现金流DECKO
| Q4 25 | $1.0B | $1.2B | ||
| Q3 25 | $8.1M | $943.1M | ||
| Q2 25 | $36.1M | $1.1B | ||
| Q1 25 | $-73.0M | $787.5M | ||
| Q4 24 | $1.1B | $972.0M | ||
| Q3 24 | $-90.5M | $841.5M | ||
| Q2 24 | $112.7M | $981.2M | ||
| Q1 24 | $-28.7M | $778.7M |
自由现金流DECKO
| Q4 25 | $1.0B | $1.2B | ||
| Q3 25 | $-13.9M | $909.9M | ||
| Q2 25 | $12.2M | $1.0B | ||
| Q1 25 | $-89.4M | $764.6M | ||
| Q4 24 | $1.1B | $935.8M | ||
| Q3 24 | $-113.4M | $807.9M | ||
| Q2 24 | $90.1M | $939.2M | ||
| Q1 24 | $-44.0M | $769.0M |
自由现金流率DECKO
| Q4 25 | 52.1% | 77.6% | ||
| Q3 25 | -1.0% | 61.9% | ||
| Q2 25 | 1.3% | 73.3% | ||
| Q1 25 | -8.8% | 55.4% | ||
| Q4 24 | 58.6% | 69.8% | ||
| Q3 24 | -8.6% | 60.7% | ||
| Q2 24 | 10.9% | 70.1% | ||
| Q1 24 | -4.6% | 61.0% |
资本支出强度DECKO
| Q4 25 | 1.1% | 3.3% | ||
| Q3 25 | 1.5% | 2.3% | ||
| Q2 25 | 2.5% | 1.9% | ||
| Q1 25 | 1.6% | 1.7% | ||
| Q4 24 | 1.3% | 2.7% | ||
| Q3 24 | 1.7% | 2.5% | ||
| Q2 24 | 2.7% | 3.1% | ||
| Q1 24 | 1.6% | 0.8% |
现金转化率DECKO
| Q4 25 | 2.17× | 4.06× | ||
| Q3 25 | 0.03× | 2.99× | ||
| Q2 25 | 0.26× | 5.39× | ||
| Q1 25 | -0.48× | 3.15× | ||
| Q4 24 | 2.40× | 4.87× | ||
| Q3 24 | -0.37× | 3.12× | ||
| Q2 24 | 0.97× | 3.78× | ||
| Q1 24 | -0.22× | 5.89× |
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% |
O
| Product And Service Retail | $900.8M | 61% |
| Other | $531.5M | 36% |
