vs
Deckers Brands（DECK）与滨特尔（PNR）财务数据对比。点击上方公司名可切换其他公司
Deckers Brands的季度营收约是滨特尔的1.9倍（$2.0B vs $1.0B），Deckers Brands净利率更高（24.6% vs 16.6%，领先7.9%），Deckers Brands同比增速更快（7.1% vs 2.6%），Deckers Brands自由现金流更多（$1.0B vs $-85.7M），过去两年Deckers Brands的营收复合增速更高（42.8% vs -2.9%）
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。
滨特尔（股票代码PNR）是知名水处理企业，注册地位于爱尔兰，税务居民身份归属英国，美国区总部设于明尼苏达州金谷市。品牌起源于美国，2017年数据显示其65%的营收来自美国和加拿大，2014年集团完成架构重组，注册地由瑞士变更为爱尔兰。
DECK vs PNR — 直观对比
营收规模更大
DECK
是对方的1.9倍
$1.0B
营收增速更快
DECK
高出4.5%
2.6%
净利率更高
DECK
高出7.9%
16.6%
自由现金流更多
DECK
多$1.1B
$-85.7M
两年增速更快
DECK
近两年复合增速
-2.9%
损益表 — Q3 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $2.0B | $1.0B |
| 净利润 | $481.1M | $172.4M |
| 毛利率 | 59.8% | 41.8% |
| 营业利润率 | 31.4% | 20.3% |
| 净利率 | 24.6% | 16.6% |
| 营收同比 | 7.1% | 2.6% |
| 净利润同比 | 5.3% | 11.3% |
| 每股收益（稀释后） | $3.33 | — |
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DECKPNR
| Q1 26 | — | $1.0B | ||
| Q4 25 | $2.0B | $1.0B | ||
| Q3 25 | $1.4B | $1.0B | ||
| Q2 25 | $964.5M | $1.1B | ||
| Q1 25 | $1.0B | $1.0B | ||
| Q4 24 | $1.8B | $972.9M | ||
| Q3 24 | $1.3B | $993.4M | ||
| Q2 24 | $825.3M | $1.1B |
净利润DECKPNR
| Q1 26 | — | $172.4M | ||
| Q4 25 | $481.1M | $166.1M | ||
| Q3 25 | $268.2M | $184.3M | ||
| Q2 25 | $139.2M | $148.5M | ||
| Q1 25 | $151.4M | $154.9M | ||
| Q4 24 | $456.7M | $166.4M | ||
| Q3 24 | $242.3M | $139.6M | ||
| Q2 24 | $115.6M | $186.1M |
毛利率DECKPNR
| Q1 26 | — | 41.8% | ||
| Q4 25 | 59.8% | 40.4% | ||
| Q3 25 | 56.2% | 41.0% | ||
| Q2 25 | 55.8% | 40.7% | ||
| Q1 25 | 56.7% | 39.9% | ||
| Q4 24 | 60.3% | 38.8% | ||
| Q3 24 | 55.9% | 39.6% | ||
| Q2 24 | 56.9% | 39.8% |
营业利润率DECKPNR
| Q1 26 | — | 20.3% | ||
| Q4 25 | 31.4% | 20.1% | ||
| Q3 25 | 22.8% | 22.7% | ||
| Q2 25 | 17.1% | 19.4% | ||
| Q1 25 | 17.0% | 20.1% | ||
| Q4 24 | 31.0% | 20.1% | ||
| Q3 24 | 23.3% | 18.1% | ||
| Q2 24 | 16.1% | 22.6% |
净利率DECKPNR
| Q1 26 | — | 16.6% | ||
| Q4 25 | 24.6% | 16.3% | ||
| Q3 25 | 18.7% | 18.0% | ||
| Q2 25 | 14.4% | 13.2% | ||
| Q1 25 | 14.8% | 15.3% | ||
| Q4 24 | 25.0% | 17.1% | ||
| Q3 24 | 18.5% | 14.1% | ||
| Q2 24 | 14.0% | 16.9% |
每股收益（稀释后）DECKPNR
| Q1 26 | — | — | ||
| Q4 25 | $3.33 | $1.01 | ||
| Q3 25 | $1.82 | $1.12 | ||
| Q2 25 | $0.93 | $0.90 | ||
| Q1 25 | $-2.78 | $0.93 | ||
| Q4 24 | $3.00 | $0.99 | ||
| Q3 24 | $1.59 | $0.84 | ||
| Q2 24 | $4.52 | $1.11 |
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 | $67.7M |
| 总债务越低越好 | — | $1.9B |
| 股东权益账面价值 | $2.6B | $3.8B |
| 总资产 | $4.1B | $7.1B |
| 负债/权益比越低杠杆越低 | — | 0.51× |
8季度趋势，按日历期对齐
现金及短期投资DECKPNR
| Q1 26 | — | $67.7M | ||
| Q4 25 | $2.1B | — | ||
| Q3 25 | $1.4B | $128.4M | ||
| Q2 25 | $1.7B | $143.0M | ||
| Q1 25 | $1.9B | $140.6M | ||
| Q4 24 | $2.2B | $118.7M | ||
| Q3 24 | $1.2B | $218.1M | ||
| Q2 24 | $1.4B | $214.3M |
总债务DECKPNR
| Q1 26 | — | $1.9B | ||
| Q4 25 | — | $1.6B | ||
| Q3 25 | — | $1.6B | ||
| Q2 25 | — | $1.4B | ||
| Q1 25 | — | $1.8B | ||
| Q4 24 | — | $1.6B | ||
| Q3 24 | — | — | ||
| Q2 24 | — | $1.8B |
股东权益DECKPNR
| Q1 26 | — | $3.8B | ||
| Q4 25 | $2.6B | $3.9B | ||
| Q3 25 | $2.5B | $3.8B | ||
| Q2 25 | $2.5B | $3.7B | ||
| Q1 25 | $2.5B | $3.6B | ||
| Q4 24 | $2.6B | $3.6B | ||
| Q3 24 | $2.2B | $3.5B | ||
| Q2 24 | $2.1B | $3.4B |
总资产DECKPNR
| Q1 26 | — | $7.1B | ||
| Q4 25 | $4.1B | $6.9B | ||
| Q3 25 | $3.8B | $6.8B | ||
| Q2 25 | $3.8B | $6.5B | ||
| Q1 25 | $3.6B | $6.7B | ||
| Q4 24 | $4.0B | $6.4B | ||
| Q3 24 | $3.4B | $6.5B | ||
| Q2 24 | $3.3B | $6.5B |
负债/权益比DECKPNR
| Q1 26 | — | 0.51× | ||
| Q4 25 | — | 0.42× | ||
| Q3 25 | — | 0.42× | ||
| Q2 25 | — | 0.38× | ||
| Q1 25 | — | 0.51× | ||
| Q4 24 | — | 0.46× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | 0.51× |
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 | $-85.7M |
| 自由现金流率自由现金流/营收 | 52.1% | -8.3% |
| 资本支出强度资本支出/营收 | 1.1% | 1.8% |
| 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 | $716.0M |
8季度趋势，按日历期对齐
经营现金流DECKPNR
| Q1 26 | — | — | ||
| Q4 25 | $1.0B | $50.8M | ||
| Q3 25 | $8.1M | $196.3M | ||
| Q2 25 | $36.1M | $606.6M | ||
| Q1 25 | $-73.0M | $-38.9M | ||
| Q4 24 | $1.1B | $86.5M | ||
| Q3 24 | $-90.5M | $248.6M | ||
| Q2 24 | $112.7M | $539.2M |
自由现金流DECKPNR
| Q1 26 | — | $-85.7M | ||
| Q4 25 | $1.0B | $27.1M | ||
| Q3 25 | $-13.9M | $178.9M | ||
| Q2 25 | $12.2M | $595.7M | ||
| Q1 25 | $-89.4M | $-55.7M | ||
| Q4 24 | $1.1B | $63.8M | ||
| Q3 24 | $-113.4M | $233.2M | ||
| Q2 24 | $90.1M | $522.2M |
自由现金流率DECKPNR
| Q1 26 | — | -8.3% | ||
| Q4 25 | 52.1% | 2.7% | ||
| Q3 25 | -1.0% | 17.5% | ||
| Q2 25 | 1.3% | 53.0% | ||
| Q1 25 | -8.8% | -5.5% | ||
| Q4 24 | 58.6% | 6.6% | ||
| Q3 24 | -8.6% | 23.5% | ||
| Q2 24 | 10.9% | 47.5% |
资本支出强度DECKPNR
| Q1 26 | — | 1.8% | ||
| Q4 25 | 1.1% | 2.3% | ||
| Q3 25 | 1.5% | 1.7% | ||
| Q2 25 | 2.5% | 1.0% | ||
| Q1 25 | 1.6% | 1.7% | ||
| Q4 24 | 1.3% | 2.3% | ||
| Q3 24 | 1.7% | 1.6% | ||
| Q2 24 | 2.7% | 1.5% |
现金转化率DECKPNR
| Q1 26 | — | — | ||
| Q4 25 | 2.17× | 0.31× | ||
| Q3 25 | 0.03× | 1.07× | ||
| Q2 25 | 0.26× | 4.08× | ||
| Q1 25 | -0.48× | -0.25× | ||
| Q4 24 | 2.40× | 0.52× | ||
| Q3 24 | -0.37× | 1.78× | ||
| Q2 24 | 0.97× | 2.90× |
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% |
PNR
| Water Solutions | $391.0M | 38% |
| Pool | $387.1M | 37% |
| Flow | $258.1M | 25% |
