vs
Deckers Brands（DECK）与派拓网络（PANW）财务数据对比。点击上方公司名可切换其他公司
派拓网络的季度营收约是Deckers Brands的1.3倍（$2.6B vs $2.0B），Deckers Brands净利率更高（24.6% vs 16.7%，领先7.9%），派拓网络同比增速更快（14.9% vs 7.1%），过去两年Deckers Brands的营收复合增速更高（42.8% vs 8.8%）
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。
派拓网络（Palo Alto Networks）是总部位于美国加利福尼亚州圣克拉拉的跨国网络安全企业，核心产品包括高级防火墙及拓展其防护能力的云原生安全服务，为全球150多个国家的超7万家机构、含85家财富100强企业提供服务，旗下拥有知名威胁研究团队Unit 42，还举办Ignite网络安全行业峰会。
DECK vs PANW — 直观对比
营收规模更大
PANW
是对方的1.3倍
$2.0B
营收增速更快
PANW
高出7.8%
7.1%
净利率更高
DECK
高出7.9%
16.7%
两年增速更快
DECK
近两年复合增速
8.8%
损益表 — Q3 FY2026 vs Q4 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $2.0B | $2.6B |
| 净利润 | $481.1M | $432.0M |
| 毛利率 | 59.8% | 73.6% |
| 营业利润率 | 31.4% | 15.3% |
| 净利率 | 24.6% | 16.7% |
| 营收同比 | 7.1% | 14.9% |
| 净利润同比 | 5.3% | — |
| 每股收益（稀释后） | $3.33 | $0.61 |
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DECKPANW
| Q2 26 | — | $2.6B | ||
| Q1 26 | — | $2.6B | ||
| Q4 25 | $2.0B | $2.5B | ||
| Q3 25 | $1.4B | $2.5B | ||
| Q2 25 | $964.5M | $2.3B | ||
| Q1 25 | $1.0B | $2.3B | ||
| Q4 24 | $1.8B | $2.1B | ||
| Q3 24 | $1.3B | $2.2B |
净利润DECKPANW
| Q2 26 | — | $432.0M | ||
| Q1 26 | — | $432.0M | ||
| Q4 25 | $481.1M | $334.0M | ||
| Q3 25 | $268.2M | $253.8M | ||
| Q2 25 | $139.2M | $262.1M | ||
| Q1 25 | $151.4M | $267.3M | ||
| Q4 24 | $456.7M | $350.7M | ||
| Q3 24 | $242.3M | $357.7M |
毛利率DECKPANW
| Q2 26 | — | 73.6% | ||
| Q1 26 | — | 73.6% | ||
| Q4 25 | 59.8% | 74.2% | ||
| Q3 25 | 56.2% | 73.2% | ||
| Q2 25 | 55.8% | 72.9% | ||
| Q1 25 | 56.7% | 73.5% | ||
| Q4 24 | 60.3% | 74.1% | ||
| Q3 24 | 55.9% | 73.8% |
营业利润率DECKPANW
| Q2 26 | — | 15.3% | ||
| Q1 26 | — | 15.3% | ||
| Q4 25 | 31.4% | 12.5% | ||
| Q3 25 | 22.8% | 19.6% | ||
| Q2 25 | 17.1% | 9.6% | ||
| Q1 25 | 17.0% | 10.6% | ||
| Q4 24 | 31.0% | 13.4% | ||
| Q3 24 | 23.3% | 10.9% |
净利率DECKPANW
| Q2 26 | — | 16.7% | ||
| Q1 26 | — | 16.7% | ||
| Q4 25 | 24.6% | 13.5% | ||
| Q3 25 | 18.7% | 10.0% | ||
| Q2 25 | 14.4% | 11.5% | ||
| Q1 25 | 14.8% | 11.8% | ||
| Q4 24 | 25.0% | 16.4% | ||
| Q3 24 | 18.5% | 16.3% |
每股收益（稀释后）DECKPANW
| Q2 26 | — | $0.61 | ||
| Q1 26 | — | $0.61 | ||
| Q4 25 | $3.33 | $0.47 | ||
| Q3 25 | $1.82 | $-0.14 | ||
| Q2 25 | $0.93 | $0.37 | ||
| Q1 25 | $-2.78 | $0.38 | ||
| Q4 24 | $3.00 | $0.99 | ||
| Q3 24 | $1.59 | $1.04 |
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 | $4.5B |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $2.6B | $9.4B |
| 总资产 | $4.1B | $25.0B |
| 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DECKPANW
| Q2 26 | — | $4.5B | ||
| Q1 26 | — | $4.5B | ||
| Q4 25 | $2.1B | $4.2B | ||
| Q3 25 | $1.4B | $2.9B | ||
| Q2 25 | $1.7B | $3.3B | ||
| Q1 25 | $1.9B | $3.2B | ||
| Q4 24 | $2.2B | $3.4B | ||
| Q3 24 | $1.2B | $2.6B |
股东权益DECKPANW
| Q2 26 | — | $9.4B | ||
| Q1 26 | — | $9.4B | ||
| Q4 25 | $2.6B | $8.7B | ||
| Q3 25 | $2.5B | $7.8B | ||
| Q2 25 | $2.5B | $7.2B | ||
| Q1 25 | $2.5B | $6.4B | ||
| Q4 24 | $2.6B | $5.9B | ||
| Q3 24 | $2.2B | $5.2B |
总资产DECKPANW
| Q2 26 | — | $25.0B | ||
| Q1 26 | — | $25.0B | ||
| Q4 25 | $4.1B | $23.5B | ||
| Q3 25 | $3.8B | $23.6B | ||
| Q2 25 | $3.8B | $22.0B | ||
| Q1 25 | $3.6B | $21.0B | ||
| Q4 24 | $4.0B | $20.4B | ||
| Q3 24 | $3.4B | $20.0B |
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 | — |
| 自由现金流经营现金流 - 资本支出 | $1.0B | — |
| 自由现金流率自由现金流/营收 | 52.1% | — |
| 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× | — |
| 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DECKPANW
| Q2 26 | — | — | ||
| Q1 26 | — | $554.0M | ||
| Q4 25 | $1.0B | $1.8B | ||
| Q3 25 | $8.1M | $1.0B | ||
| Q2 25 | $36.1M | $628.7M | ||
| Q1 25 | $-73.0M | $556.9M | ||
| Q4 24 | $1.1B | $1.5B | ||
| Q3 24 | $-90.5M | $512.7M |
自由现金流DECKPANW
| Q2 26 | — | — | ||
| Q1 26 | — | $384.0M | ||
| Q4 25 | $1.0B | $1.7B | ||
| Q3 25 | $-13.9M | $934.5M | ||
| Q2 25 | $12.2M | $560.4M | ||
| Q1 25 | $-89.4M | $509.4M | ||
| Q4 24 | $1.1B | $1.5B | ||
| Q3 24 | $-113.4M | $465.3M |
自由现金流率DECKPANW
| Q2 26 | — | — | ||
| Q1 26 | — | 14.8% | ||
| Q4 25 | 52.1% | 68.2% | ||
| Q3 25 | -1.0% | 36.8% | ||
| Q2 25 | 1.3% | 24.5% | ||
| Q1 25 | -8.8% | 22.6% | ||
| Q4 24 | 58.6% | 68.5% | ||
| Q3 24 | -8.6% | 21.3% |
资本支出强度DECKPANW
| Q2 26 | — | — | ||
| Q1 26 | — | 6.6% | ||
| Q4 25 | 1.1% | 3.4% | ||
| Q3 25 | 1.5% | 3.4% | ||
| Q2 25 | 2.5% | 3.0% | ||
| Q1 25 | 1.6% | 2.1% | ||
| Q4 24 | 1.3% | 2.1% | ||
| Q3 24 | 1.7% | 2.2% |
现金转化率DECKPANW
| Q2 26 | — | — | ||
| Q1 26 | — | 1.28× | ||
| Q4 25 | 2.17× | 5.30× | ||
| Q3 25 | 0.03× | 4.02× | ||
| Q2 25 | 0.26× | 2.40× | ||
| Q1 25 | -0.48× | 2.08× | ||
| Q4 24 | 2.40× | 4.30× | ||
| Q3 24 | -0.37× | 1.43× |
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% |
PANW
暂无分部数据
