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Deckers Brands（DECK）与PAR PACIFIC HOLDINGS, INC.（PARR）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PAR PACIFIC HOLDINGS, INC.的1.1倍（$2.0B vs $1.8B），Deckers Brands净利率更高（24.6% vs 4.3%，领先20.3%），Deckers Brands同比增速更快（7.1% vs -1.0%），Deckers Brands自由现金流更多（$1.0B vs $66.3M），过去两年Deckers Brands的营收复合增速更高（42.8% vs -4.3%）
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。
Par Pacific Holdings是总部位于美国休斯顿的油气勘探生产企业，曾在破产重组后以Par Petroleum Corporation为名运营，2015年10月20日正式更名为现名，2017年入选《财富》美国1000强企业。
DECK vs PARR — 直观对比
营收规模更大
DECK
是对方的1.1倍
$1.8B
营收增速更快
DECK
高出8.2%
-1.0%
净利率更高
DECK
高出20.3%
4.3%
自由现金流更多
DECK
多$954.0M
$66.3M
两年增速更快
DECK
近两年复合增速
-4.3%
损益表 — Q3 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $2.0B | $1.8B |
| 净利润 | $481.1M | $77.7M |
| 毛利率 | 59.8% | — |
| 营业利润率 | 31.4% | 5.5% |
| 净利率 | 24.6% | 4.3% |
| 营收同比 | 7.1% | -1.0% |
| 净利润同比 | 5.3% | 239.5% |
| 每股收益（稀释后） | $3.33 | $1.40 |
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DECKPARR
| Q4 25 | $2.0B | $1.8B | ||
| Q3 25 | $1.4B | $2.0B | ||
| Q2 25 | $964.5M | $1.9B | ||
| Q1 25 | $1.0B | $1.7B | ||
| Q4 24 | $1.8B | $1.8B | ||
| Q3 24 | $1.3B | $2.1B | ||
| Q2 24 | $825.3M | $2.0B | ||
| Q1 24 | $959.8M | $2.0B |
净利润DECKPARR
| Q4 25 | $481.1M | $77.7M | ||
| Q3 25 | $268.2M | $262.6M | ||
| Q2 25 | $139.2M | $59.5M | ||
| Q1 25 | $151.4M | $-30.4M | ||
| Q4 24 | $456.7M | $-55.7M | ||
| Q3 24 | $242.3M | $7.5M | ||
| Q2 24 | $115.6M | $18.6M | ||
| Q1 24 | $127.5M | $-3.8M |
毛利率DECKPARR
| 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DECKPARR
| Q4 25 | 31.4% | 5.5% | ||
| Q3 25 | 22.8% | 17.8% | ||
| Q2 25 | 17.1% | 5.1% | ||
| Q1 25 | 17.0% | -0.9% | ||
| Q4 24 | 31.0% | -2.6% | ||
| Q3 24 | 23.3% | 1.7% | ||
| Q2 24 | 16.1% | 2.4% | ||
| Q1 24 | 15.0% | 0.5% |
净利率DECKPARR
| Q4 25 | 24.6% | 4.3% | ||
| Q3 25 | 18.7% | 13.0% | ||
| Q2 25 | 14.4% | 3.1% | ||
| Q1 25 | 14.8% | -1.7% | ||
| Q4 24 | 25.0% | -3.0% | ||
| Q3 24 | 18.5% | 0.3% | ||
| Q2 24 | 14.0% | 0.9% | ||
| Q1 24 | 13.3% | -0.2% |
每股收益（稀释后）DECKPARR
| Q4 25 | $3.33 | $1.40 | ||
| Q3 25 | $1.82 | $5.16 | ||
| Q2 25 | $0.93 | $1.17 | ||
| Q1 25 | $-2.78 | $-0.57 | ||
| Q4 24 | $3.00 | $-0.98 | ||
| Q3 24 | $1.59 | $0.13 | ||
| Q2 24 | $4.52 | $0.32 | ||
| Q1 24 | $4.82 | $-0.06 |
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 | $164.1M |
| 总债务越低越好 | — | $802.9M |
| 股东权益账面价值 | $2.6B | $1.5B |
| 总资产 | $4.1B | $3.8B |
| 负债/权益比越低杠杆越低 | — | 0.53× |
8季度趋势，按日历期对齐
现金及短期投资DECKPARR
| Q4 25 | $2.1B | $164.1M | ||
| Q3 25 | $1.4B | $159.1M | ||
| Q2 25 | $1.7B | $169.2M | ||
| Q1 25 | $1.9B | $133.7M | ||
| Q4 24 | $2.2B | $191.9M | ||
| Q3 24 | $1.2B | $183.0M | ||
| Q2 24 | $1.4B | $179.7M | ||
| Q1 24 | $1.5B | $228.3M |
总债务DECKPARR
| Q4 25 | — | $802.9M | ||
| Q3 25 | — | $967.1M | ||
| Q2 25 | — | $1.1B | ||
| Q1 25 | — | $1.2B | ||
| Q4 24 | — | $1.1B | ||
| Q3 24 | — | $1.0B | ||
| Q2 24 | — | $1.1B | ||
| Q1 24 | — | $639.5M |
股东权益DECKPARR
| Q4 25 | $2.6B | $1.5B | ||
| Q3 25 | $2.5B | $1.4B | ||
| Q2 25 | $2.5B | $1.1B | ||
| Q1 25 | $2.5B | $1.1B | ||
| Q4 24 | $2.6B | $1.2B | ||
| Q3 24 | $2.2B | $1.3B | ||
| Q2 24 | $2.1B | $1.3B | ||
| Q1 24 | $2.1B | $1.3B |
总资产DECKPARR
| Q4 25 | $4.1B | $3.8B | ||
| Q3 25 | $3.8B | $4.1B | ||
| Q2 25 | $3.8B | $3.9B | ||
| Q1 25 | $3.6B | $3.8B | ||
| Q4 24 | $4.0B | $3.8B | ||
| Q3 24 | $3.4B | $3.9B | ||
| Q2 24 | $3.3B | $3.9B | ||
| Q1 24 | $3.1B | $3.8B |
负债/权益比DECKPARR
| Q4 25 | — | 0.53× | ||
| Q3 25 | — | 0.69× | ||
| Q2 25 | — | 0.97× | ||
| Q1 25 | — | 1.04× | ||
| Q4 24 | — | 0.93× | ||
| Q3 24 | — | 0.83× | ||
| Q2 24 | — | 0.84× | ||
| Q1 24 | — | 0.49× |
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 | $93.8M |
| 自由现金流经营现金流 - 资本支出 | $1.0B | $66.3M |
| 自由现金流率自由现金流/营收 | 52.1% | 3.7% |
| 资本支出强度资本支出/营收 | 1.1% | 1.5% |
| 现金转化率经营现金流/净利润 | 2.17× | 1.21× |
| 过去12个月自由现金流最近4个季度 | $929.1M | $296.5M |
8季度趋势，按日历期对齐
经营现金流DECKPARR
| Q4 25 | $1.0B | $93.8M | ||
| Q3 25 | $8.1M | $219.4M | ||
| Q2 25 | $36.1M | $133.6M | ||
| Q1 25 | $-73.0M | $-1.4M | ||
| Q4 24 | $1.1B | $-15.5M | ||
| Q3 24 | $-90.5M | $78.5M | ||
| Q2 24 | $112.7M | $-4.7M | ||
| Q1 24 | $-28.7M | $25.4M |
自由现金流DECKPARR
| Q4 25 | $1.0B | $66.3M | ||
| Q3 25 | $-13.9M | $187.1M | ||
| Q2 25 | $12.2M | $85.5M | ||
| Q1 25 | $-89.4M | $-42.3M | ||
| Q4 24 | $1.1B | $-63.1M | ||
| Q3 24 | $-113.4M | $50.2M | ||
| Q2 24 | $90.1M | $-41.6M | ||
| Q1 24 | $-44.0M | $2.8M |
自由现金流率DECKPARR
| Q4 25 | 52.1% | 3.7% | ||
| Q3 25 | -1.0% | 9.3% | ||
| Q2 25 | 1.3% | 4.5% | ||
| Q1 25 | -8.8% | -2.4% | ||
| Q4 24 | 58.6% | -3.4% | ||
| Q3 24 | -8.6% | 2.3% | ||
| Q2 24 | 10.9% | -2.1% | ||
| Q1 24 | -4.6% | 0.1% |
资本支出强度DECKPARR
| Q4 25 | 1.1% | 1.5% | ||
| Q3 25 | 1.5% | 1.6% | ||
| Q2 25 | 2.5% | 2.5% | ||
| Q1 25 | 1.6% | 2.3% | ||
| Q4 24 | 1.3% | 2.6% | ||
| Q3 24 | 1.7% | 1.3% | ||
| Q2 24 | 2.7% | 1.8% | ||
| Q1 24 | 1.6% | 1.1% |
现金转化率DECKPARR
| Q4 25 | 2.17× | 1.21× | ||
| Q3 25 | 0.03× | 0.84× | ||
| Q2 25 | 0.26× | 2.25× | ||
| Q1 25 | -0.48× | — | ||
| Q4 24 | 2.40× | — | ||
| Q3 24 | -0.37× | 10.48× | ||
| Q2 24 | 0.97× | -0.25× | ||
| Q1 24 | -0.22× | — |
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% |
PARR
| Distillates | $750.6M | 41% |
| Gasoline | $603.9M | 33% |
| Other Refined Products | $348.8M | 19% |
| Logistics | $73.7M | 4% |
| Other Revenues | $44.8M | 2% |
