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Deckers Brands（DECK）与北极星（PII）财务数据对比。点击上方公司名可切换其他公司
Deckers Brands的季度营收约是北极星的1.2倍（$2.0B vs $1.7B），Deckers Brands净利率更高（24.6% vs -2.8%，领先27.4%），北极星同比增速更快（8.0% vs 7.1%），Deckers Brands自由现金流更多（$1.0B vs $-342.5M），过去两年Deckers Brands的营收复合增速更高（42.8% vs -8.0%）
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。
北极星公司（Polaris Inc.）是总部位于美国明尼苏达州麦地那的机动车制造企业，创立于明尼苏达州罗索，当地目前仍保留其工程研发与生产设施。公司曾通过胜利摩托子公司生产摩托车，2011年收购印第安摩托品牌后转由该子公司运营摩托业务，此前还曾生产私人水上摩托艇产品。
DECK vs PII — 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
PII
高出0.9%
7.1%
净利率更高
DECK
高出27.4%
-2.8%
自由现金流更多
DECK
多$1.4B
$-342.5M
两年增速更快
DECK
近两年复合增速
-8.0%
损益表 — Q3 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $2.0B | $1.7B |
| 净利润 | $481.1M | $-47.2M |
| 毛利率 | 59.8% | 20.2% |
| 营业利润率 | 31.4% | 76.5% |
| 净利率 | 24.6% | -2.8% |
| 营收同比 | 7.1% | 8.0% |
| 净利润同比 | 5.3% | 29.0% |
| 每股收益（稀释后） | $3.33 | $-0.83 |
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DECKPII
| Q1 26 | — | $1.7B | ||
| Q4 25 | $2.0B | $1.9B | ||
| Q3 25 | $1.4B | $1.8B | ||
| Q2 25 | $964.5M | $1.9B | ||
| Q1 25 | $1.0B | $1.5B | ||
| Q4 24 | $1.8B | $1.8B | ||
| Q3 24 | $1.3B | $1.7B | ||
| Q2 24 | $825.3M | $2.0B |
净利润DECKPII
| Q1 26 | — | $-47.2M | ||
| Q4 25 | $481.1M | $-303.6M | ||
| Q3 25 | $268.2M | $-15.8M | ||
| Q2 25 | $139.2M | $-79.3M | ||
| Q1 25 | $151.4M | $-66.8M | ||
| Q4 24 | $456.7M | $10.6M | ||
| Q3 24 | $242.3M | $27.7M | ||
| Q2 24 | $115.6M | $68.7M |
毛利率DECKPII
| Q1 26 | — | 20.2% | ||
| Q4 25 | 59.8% | 20.0% | ||
| Q3 25 | 56.2% | 20.7% | ||
| Q2 25 | 55.8% | 19.4% | ||
| Q1 25 | 56.7% | 16.0% | ||
| Q4 24 | 60.3% | 20.4% | ||
| Q3 24 | 55.9% | 20.6% | ||
| Q2 24 | 56.9% | 21.6% |
营业利润率DECKPII
| Q1 26 | — | 76.5% | ||
| Q4 25 | 31.4% | -16.7% | ||
| Q3 25 | 22.8% | 1.1% | ||
| Q2 25 | 17.1% | -0.7% | ||
| Q1 25 | 17.0% | -2.4% | ||
| Q4 24 | 31.0% | 3.7% | ||
| Q3 24 | 23.3% | 3.8% | ||
| Q2 24 | 16.1% | 6.1% |
净利率DECKPII
| Q1 26 | — | -2.8% | ||
| Q4 25 | 24.6% | -15.8% | ||
| Q3 25 | 18.7% | -0.9% | ||
| Q2 25 | 14.4% | -4.3% | ||
| Q1 25 | 14.8% | -4.3% | ||
| Q4 24 | 25.0% | 0.6% | ||
| Q3 24 | 18.5% | 1.6% | ||
| Q2 24 | 14.0% | 3.5% |
每股收益（稀释后）DECKPII
| Q1 26 | — | $-0.83 | ||
| Q4 25 | $3.33 | $-5.34 | ||
| Q3 25 | $1.82 | $-0.28 | ||
| Q2 25 | $0.93 | $-1.39 | ||
| Q1 25 | $-2.78 | $-1.17 | ||
| Q4 24 | $3.00 | $0.18 | ||
| Q3 24 | $1.59 | $0.49 | ||
| Q2 24 | $4.52 | $1.21 |
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 | $282.0M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $2.6B | $750.4M |
| 总资产 | $4.1B | $5.2B |
| 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DECKPII
| Q1 26 | — | $282.0M | ||
| Q4 25 | $2.1B | $138.0M | ||
| Q3 25 | $1.4B | $335.5M | ||
| Q2 25 | $1.7B | $324.3M | ||
| Q1 25 | $1.9B | $291.7M | ||
| Q4 24 | $2.2B | $287.8M | ||
| Q3 24 | $1.2B | $291.3M | ||
| Q2 24 | $1.4B | $322.7M |
总债务DECKPII
| Q1 26 | — | — | ||
| Q4 25 | — | $1.5B | ||
| Q3 25 | — | $1.3B | ||
| Q2 25 | — | $1.4B | ||
| Q1 25 | — | $1.6B | ||
| Q4 24 | — | $1.6B | ||
| Q3 24 | — | $1.7B | ||
| Q2 24 | — | $2.1B |
股东权益DECKPII
| Q1 26 | — | $750.4M | ||
| Q4 25 | $2.6B | $828.4M | ||
| Q3 25 | $2.5B | $1.1B | ||
| Q2 25 | $2.5B | $1.2B | ||
| Q1 25 | $2.5B | $1.2B | ||
| Q4 24 | $2.6B | $1.3B | ||
| Q3 24 | $2.2B | $1.3B | ||
| Q2 24 | $2.1B | $1.3B |
总资产DECKPII
| Q1 26 | — | $5.2B | ||
| Q4 25 | $4.1B | $4.9B | ||
| Q3 25 | $3.8B | $5.3B | ||
| Q2 25 | $3.8B | $5.4B | ||
| Q1 25 | $3.6B | $5.5B | ||
| Q4 24 | $4.0B | $5.5B | ||
| Q3 24 | $3.4B | $5.6B | ||
| Q2 24 | $3.3B | $5.7B |
负债/权益比DECKPII
| Q1 26 | — | — | ||
| Q4 25 | — | 1.82× | ||
| Q3 25 | — | 1.13× | ||
| Q2 25 | — | 1.17× | ||
| Q1 25 | — | 1.32× | ||
| Q4 24 | — | 1.27× | ||
| Q3 24 | — | 1.29× | ||
| Q2 24 | — | 1.56× |
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 | $-342.5M |
| 自由现金流率自由现金流/营收 | 52.1% | -20.6% |
| 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 | $168.0M |
8季度趋势，按日历期对齐
经营现金流DECKPII
| Q1 26 | — | — | ||
| Q4 25 | $1.0B | $178.7M | ||
| Q3 25 | $8.1M | $158.8M | ||
| Q2 25 | $36.1M | $320.3M | ||
| Q1 25 | $-73.0M | $83.2M | ||
| Q4 24 | $1.1B | $206.3M | ||
| Q3 24 | $-90.5M | $21.0M | ||
| Q2 24 | $112.7M | $146.3M |
自由现金流DECKPII
| Q1 26 | — | $-342.5M | ||
| Q4 25 | $1.0B | $114.0M | ||
| Q3 25 | $-13.9M | $116.7M | ||
| Q2 25 | $12.2M | $279.8M | ||
| Q1 25 | $-89.4M | $47.6M | ||
| Q4 24 | $1.1B | $137.3M | ||
| Q3 24 | $-113.4M | $-32.4M | ||
| Q2 24 | $90.1M | $79.1M |
自由现金流率DECKPII
| Q1 26 | — | -20.6% | ||
| Q4 25 | 52.1% | 5.9% | ||
| Q3 25 | -1.0% | 6.3% | ||
| Q2 25 | 1.3% | 15.1% | ||
| Q1 25 | -8.8% | 3.1% | ||
| Q4 24 | 58.6% | 7.8% | ||
| Q3 24 | -8.6% | -1.9% | ||
| Q2 24 | 10.9% | 4.0% |
资本支出强度DECKPII
| Q1 26 | — | — | ||
| Q4 25 | 1.1% | 3.4% | ||
| Q3 25 | 1.5% | 2.3% | ||
| Q2 25 | 2.5% | 2.2% | ||
| Q1 25 | 1.6% | 2.3% | ||
| Q4 24 | 1.3% | 3.9% | ||
| Q3 24 | 1.7% | 3.1% | ||
| Q2 24 | 2.7% | 3.4% |
现金转化率DECKPII
| Q1 26 | — | — | ||
| Q4 25 | 2.17× | — | ||
| Q3 25 | 0.03× | — | ||
| Q2 25 | 0.26× | — | ||
| Q1 25 | -0.48× | — | ||
| Q4 24 | 2.40× | 19.46× | ||
| Q3 24 | -0.37× | 0.76× | ||
| Q2 24 | 0.97× | 2.13× |
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% |
PII
暂无分部数据
