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Deckers Brands（DECK）与帕森斯公司（PSN）财务数据对比。点击上方公司名可切换其他公司
Deckers Brands的季度营收约是帕森斯公司的1.2倍（$2.0B vs $1.6B），Deckers Brands净利率更高（24.6% vs 3.5%，领先21.1%），Deckers Brands同比增速更快（7.1% vs -7.5%），Deckers Brands自由现金流更多（$1.0B vs $135.6M），过去两年Deckers Brands的营收复合增速更高（42.8% vs 2.2%）
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。
帕森斯公司是一家总部位于美国弗吉尼亚州尚蒂利的跨国企业，1944年成立，核心业务覆盖国防、情报、基础设施工程领域，深耕技术研发，在全球30多个国家为政府及私营部门客户提供专业解决方案。
DECK vs PSN — 直观对比
营收规模更大
DECK
是对方的1.2倍
$1.6B
营收增速更快
DECK
高出14.7%
-7.5%
净利率更高
DECK
高出21.1%
3.5%
自由现金流更多
DECK
多$884.7M
$135.6M
两年增速更快
DECK
近两年复合增速
2.2%
损益表 — Q3 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $2.0B | $1.6B |
| 净利润 | $481.1M | $55.6M |
| 毛利率 | 59.8% | 23.0% |
| 营业利润率 | 31.4% | 6.6% |
| 净利率 | 24.6% | 3.5% |
| 营收同比 | 7.1% | -7.5% |
| 净利润同比 | 5.3% | -72.4% |
| 每股收益（稀释后） | $3.33 | $0.51 |
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DECKPSN
| Q4 25 | $2.0B | $1.6B | ||
| Q3 25 | $1.4B | $1.6B | ||
| Q2 25 | $964.5M | $1.6B | ||
| Q1 25 | $1.0B | $1.6B | ||
| Q4 24 | $1.8B | $1.7B | ||
| Q3 24 | $1.3B | $1.8B | ||
| Q2 24 | $825.3M | $1.7B | ||
| Q1 24 | $959.8M | $1.5B |
净利润DECKPSN
| Q4 25 | $481.1M | $55.6M | ||
| Q3 25 | $268.2M | $64.1M | ||
| Q2 25 | $139.2M | $55.2M | ||
| Q1 25 | $151.4M | $66.2M | ||
| Q4 24 | $456.7M | $201.3M | ||
| Q3 24 | $242.3M | $72.0M | ||
| Q2 24 | $115.6M | $69.2M | ||
| Q1 24 | $127.5M | $-107.4M |
毛利率DECKPSN
| Q4 25 | 59.8% | 23.0% | ||
| Q3 25 | 56.2% | 22.2% | ||
| Q2 25 | 55.8% | 22.0% | ||
| Q1 25 | 56.7% | 22.8% | ||
| Q4 24 | 60.3% | 21.3% | ||
| Q3 24 | 55.9% | 19.9% | ||
| Q2 24 | 56.9% | 21.0% | ||
| Q1 24 | 56.2% | 21.2% |
营业利润率DECKPSN
| Q4 25 | 31.4% | 6.6% | ||
| Q3 25 | 22.8% | 6.7% | ||
| Q2 25 | 17.1% | 6.0% | ||
| Q1 25 | 17.0% | 7.0% | ||
| Q4 24 | 31.0% | 5.8% | ||
| Q3 24 | 23.3% | 6.4% | ||
| Q2 24 | 16.1% | 6.7% | ||
| Q1 24 | 15.0% | 6.6% |
净利率DECKPSN
| Q4 25 | 24.6% | 3.5% | ||
| Q3 25 | 18.7% | 4.0% | ||
| Q2 25 | 14.4% | 3.5% | ||
| Q1 25 | 14.8% | 4.3% | ||
| Q4 24 | 25.0% | 11.6% | ||
| Q3 24 | 18.5% | 4.0% | ||
| Q2 24 | 14.0% | 4.1% | ||
| Q1 24 | 13.3% | -7.0% |
每股收益（稀释后）DECKPSN
| Q4 25 | $3.33 | $0.51 | ||
| Q3 25 | $1.82 | $0.59 | ||
| Q2 25 | $0.93 | $0.50 | ||
| Q1 25 | $-2.78 | $0.60 | ||
| Q4 24 | $3.00 | $1.85 | ||
| Q3 24 | $1.59 | $0.65 | ||
| Q2 24 | $4.52 | $0.63 | ||
| Q1 24 | $4.82 | $-1.01 |
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 | $466.4M |
| 总债务越低越好 | — | $1.2B |
| 股东权益账面价值 | $2.6B | $2.6B |
| 总资产 | $4.1B | $5.8B |
| 负债/权益比越低杠杆越低 | — | 0.47× |
8季度趋势，按日历期对齐
现金及短期投资DECKPSN
| Q4 25 | $2.1B | $466.4M | ||
| Q3 25 | $1.4B | $422.6M | ||
| Q2 25 | $1.7B | $411.3M | ||
| Q1 25 | $1.9B | $269.7M | ||
| Q4 24 | $2.2B | $453.5M | ||
| Q3 24 | $1.2B | $558.8M | ||
| Q2 24 | $1.4B | $528.5M | ||
| Q1 24 | $1.5B | $423.1M |
总债务DECKPSN
| Q4 25 | — | $1.2B | ||
| Q3 25 | — | $1.2B | ||
| Q2 25 | — | $1.2B | ||
| Q1 25 | — | $785.2M | ||
| Q4 24 | — | $784.1M | ||
| Q3 24 | — | $1.1B | ||
| Q2 24 | — | $1.2B | ||
| Q1 24 | — | $1.2B |
股东权益DECKPSN
| Q4 25 | $2.6B | $2.6B | ||
| Q3 25 | $2.5B | $2.6B | ||
| Q2 25 | $2.5B | $2.5B | ||
| Q1 25 | $2.5B | $2.5B | ||
| Q4 24 | $2.6B | $2.4B | ||
| Q3 24 | $2.2B | $2.3B | ||
| Q2 24 | $2.1B | $2.2B | ||
| Q1 24 | $2.1B | $2.1B |
总资产DECKPSN
| Q4 25 | $4.1B | $5.8B | ||
| Q3 25 | $3.8B | $5.7B | ||
| Q2 25 | $3.8B | $5.7B | ||
| Q1 25 | $3.6B | $5.4B | ||
| Q4 24 | $4.0B | $5.5B | ||
| Q3 24 | $3.4B | $5.4B | ||
| Q2 24 | $3.3B | $5.2B | ||
| Q1 24 | $3.1B | $5.1B |
负债/权益比DECKPSN
| Q4 25 | — | 0.47× | ||
| Q3 25 | — | 0.48× | ||
| Q2 25 | — | 0.49× | ||
| Q1 25 | — | 0.32× | ||
| Q4 24 | — | 0.32× | ||
| Q3 24 | — | 0.49× | ||
| Q2 24 | — | 0.56× | ||
| Q1 24 | — | 0.58× |
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 | $167.5M |
| 自由现金流经营现金流 - 资本支出 | $1.0B | $135.6M |
| 自由现金流率自由现金流/营收 | 52.1% | 8.5% |
| 资本支出强度资本支出/营收 | 1.1% | 2.0% |
| 现金转化率经营现金流/净利润 | 2.17× | 3.01× |
| 过去12个月自由现金流最近4个季度 | $929.1M | $410.4M |
8季度趋势，按日历期对齐
经营现金流DECKPSN
| Q4 25 | $1.0B | $167.5M | ||
| Q3 25 | $8.1M | $162.8M | ||
| Q2 25 | $36.1M | $159.8M | ||
| Q1 25 | $-73.0M | $-11.8M | ||
| Q4 24 | $1.1B | $126.8M | ||
| Q3 24 | $-90.5M | $299.0M | ||
| Q2 24 | $112.7M | $161.2M | ||
| Q1 24 | $-28.7M | $-63.4M |
自由现金流DECKPSN
| Q4 25 | $1.0B | $135.6M | ||
| Q3 25 | $-13.9M | $149.7M | ||
| Q2 25 | $12.2M | $150.4M | ||
| Q1 25 | $-89.4M | $-25.3M | ||
| Q4 24 | $1.1B | $108.0M | ||
| Q3 24 | $-113.4M | $287.3M | ||
| Q2 24 | $90.1M | $152.0M | ||
| Q1 24 | $-44.0M | $-72.9M |
自由现金流率DECKPSN
| Q4 25 | 52.1% | 8.5% | ||
| Q3 25 | -1.0% | 9.2% | ||
| Q2 25 | 1.3% | 9.5% | ||
| Q1 25 | -8.8% | -1.6% | ||
| Q4 24 | 58.6% | 6.2% | ||
| Q3 24 | -8.6% | 15.9% | ||
| Q2 24 | 10.9% | 9.1% | ||
| Q1 24 | -4.6% | -4.7% |
资本支出强度DECKPSN
| Q4 25 | 1.1% | 2.0% | ||
| Q3 25 | 1.5% | 0.8% | ||
| Q2 25 | 2.5% | 0.6% | ||
| Q1 25 | 1.6% | 0.9% | ||
| Q4 24 | 1.3% | 1.1% | ||
| Q3 24 | 1.7% | 0.6% | ||
| Q2 24 | 2.7% | 0.6% | ||
| Q1 24 | 1.6% | 0.6% |
现金转化率DECKPSN
| Q4 25 | 2.17× | 3.01× | ||
| Q3 25 | 0.03× | 2.54× | ||
| Q2 25 | 0.26× | 2.89× | ||
| Q1 25 | -0.48× | -0.18× | ||
| Q4 24 | 2.40× | 0.63× | ||
| Q3 24 | -0.37× | 4.16× | ||
| Q2 24 | 0.97× | 2.33× | ||
| 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% |
PSN
| Unconsolidated Joint Ventures | $582.1M | 36% |
| Defense And Intelligence | $502.8M | 31% |
| Engineered Systems | $281.4M | 18% |
| Consolidated Joint Ventures | $216.7M | 14% |
| TRS Group Inc | $9.4M | 1% |
