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Deckers Brands（DECK）与QVC INC（QVCD）财务数据对比。点击上方公司名可切换其他公司
QVC INC的季度营收约是Deckers Brands的1.2倍（$2.4B vs $2.0B），Deckers Brands净利率更高（24.6% vs 1.5%，领先23.1%），Deckers Brands同比增速更快（7.1% vs -8.9%），过去两年Deckers Brands的营收复合增速更高（42.8% vs 7.1%）
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。
QVC集团是一家美国媒体 conglomerate，由公司董事长约翰·C·马龙控股，马龙持有该集团多数有表决权股份，业务覆盖媒体相关领域，是美国颇具影响力的传媒企业集团。
DECK vs QVCD — 直观对比
营收规模更大
QVCD
是对方的1.2倍
$2.0B
营收增速更快
DECK
高出16.1%
-8.9%
净利率更高
DECK
高出23.1%
1.5%
两年增速更快
DECK
近两年复合增速
7.1%
损益表 — Q3 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $2.0B | $2.4B |
| 净利润 | $481.1M | $37.0M |
| 毛利率 | 59.8% | 32.5% |
| 营业利润率 | 31.4% | 5.6% |
| 净利率 | 24.6% | 1.5% |
| 营收同比 | 7.1% | -8.9% |
| 净利润同比 | 5.3% | 103.0% |
| 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DECKQVCD
| Q4 25 | $2.0B | $2.4B | ||
| Q3 25 | $1.4B | $2.0B | ||
| Q2 25 | $964.5M | $2.0B | ||
| Q1 25 | $1.0B | $1.9B | ||
| Q4 24 | $1.8B | $2.7B | ||
| Q3 24 | $1.3B | $2.1B | ||
| Q2 24 | $825.3M | $2.1B | ||
| Q1 24 | $959.8M | $2.1B |
净利润DECKQVCD
| Q4 25 | $481.1M | $37.0M | ||
| Q3 25 | $268.2M | $2.0M | ||
| Q2 25 | $139.2M | $-2.2B | ||
| Q1 25 | $151.4M | $-42.0M | ||
| Q4 24 | $456.7M | $-1.2B | ||
| Q3 24 | $242.3M | $51.0M | ||
| Q2 24 | $115.6M | $53.0M | ||
| Q1 24 | $127.5M | $51.0M |
毛利率DECKQVCD
| Q4 25 | 59.8% | 32.5% | ||
| Q3 25 | 56.2% | 33.6% | ||
| Q2 25 | 55.8% | 35.4% | ||
| Q1 25 | 56.7% | 33.3% | ||
| Q4 24 | 60.3% | 32.6% | ||
| Q3 24 | 55.9% | 34.7% | ||
| Q2 24 | 56.9% | 35.6% | ||
| Q1 24 | 56.2% | 35.0% |
营业利润率DECKQVCD
| Q4 25 | 31.4% | 5.6% | ||
| Q3 25 | 22.8% | 4.6% | ||
| Q2 25 | 17.1% | -114.5% | ||
| Q1 25 | 17.0% | 1.5% | ||
| Q4 24 | 31.0% | -47.1% | ||
| Q3 24 | 23.3% | 7.8% | ||
| Q2 24 | 16.1% | 7.6% | ||
| Q1 24 | 15.0% | 7.4% |
净利率DECKQVCD
| Q4 25 | 24.6% | 1.5% | ||
| Q3 25 | 18.7% | 0.1% | ||
| Q2 25 | 14.4% | -109.1% | ||
| Q1 25 | 14.8% | -2.2% | ||
| Q4 24 | 25.0% | -46.0% | ||
| Q3 24 | 18.5% | 2.4% | ||
| Q2 24 | 14.0% | 2.5% | ||
| Q1 24 | 13.3% | 2.4% |
每股收益（稀释后）DECKQVCD
| Q4 25 | $3.33 | — | ||
| Q3 25 | $1.82 | — | ||
| Q2 25 | $0.93 | — | ||
| Q1 25 | $-2.78 | — | ||
| Q4 24 | $3.00 | — | ||
| Q3 24 | $1.59 | — | ||
| Q2 24 | $4.52 | — | ||
| Q1 24 | $4.82 | — |
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 | $1.5B |
| 总债务越低越好 | — | $1.0M |
| 股东权益账面价值 | $2.6B | $1.2B |
| 总资产 | $4.1B | $8.5B |
| 负债/权益比越低杠杆越低 | — | 0.00× |
8季度趋势，按日历期对齐
现金及短期投资DECKQVCD
| Q4 25 | $2.1B | $1.5B | ||
| Q3 25 | $1.4B | — | ||
| Q2 25 | $1.7B | — | ||
| Q1 25 | $1.9B | — | ||
| Q4 24 | $2.2B | $297.0M | ||
| Q3 24 | $1.2B | $297.0M | ||
| Q2 24 | $1.4B | $315.0M | ||
| Q1 24 | $1.5B | $311.0M |
总债务DECKQVCD
| Q4 25 | — | $1.0M | ||
| Q3 25 | — | $5.0B | ||
| Q2 25 | — | $4.0B | ||
| Q1 25 | — | $4.0B | ||
| Q4 24 | — | $3.3B | ||
| Q3 24 | — | $3.4B | ||
| Q2 24 | — | $3.7B | ||
| Q1 24 | — | $3.8B |
股东权益DECKQVCD
| Q4 25 | $2.6B | $1.2B | ||
| Q3 25 | $2.5B | $1.2B | ||
| Q2 25 | $2.5B | $1.2B | ||
| Q1 25 | $2.5B | $3.3B | ||
| Q4 24 | $2.6B | $3.3B | ||
| Q3 24 | $2.2B | $4.6B | ||
| Q2 24 | $2.1B | $4.3B | ||
| Q1 24 | $2.1B | $4.2B |
总资产DECKQVCD
| Q4 25 | $4.1B | $8.5B | ||
| Q3 25 | $3.8B | $8.3B | ||
| Q2 25 | $3.8B | $7.4B | ||
| Q1 25 | $3.6B | $9.7B | ||
| Q4 24 | $4.0B | $9.9B | ||
| Q3 24 | $3.4B | $9.9B | ||
| Q2 24 | $3.3B | $11.2B | ||
| Q1 24 | $3.1B | $11.4B |
负债/权益比DECKQVCD
| Q4 25 | — | 0.00× | ||
| Q3 25 | — | 4.30× | ||
| Q2 25 | — | 3.42× | ||
| Q1 25 | — | 1.22× | ||
| Q4 24 | — | 1.01× | ||
| Q3 24 | — | 0.73× | ||
| Q2 24 | — | 0.87× | ||
| Q1 24 | — | 0.89× |
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 | $245.0M |
| 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× | 6.62× |
| 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DECKQVCD
| Q4 25 | $1.0B | $245.0M | ||
| Q3 25 | $8.1M | $76.0M | ||
| Q2 25 | $36.1M | $52.0M | ||
| Q1 25 | $-73.0M | $46.0M | ||
| Q4 24 | $1.1B | $189.0M | ||
| Q3 24 | $-90.5M | $98.0M | ||
| Q2 24 | $112.7M | $164.0M | ||
| Q1 24 | $-28.7M | $84.0M |
自由现金流DECKQVCD
| Q4 25 | $1.0B | — | ||
| Q3 25 | $-13.9M | — | ||
| Q2 25 | $12.2M | — | ||
| Q1 25 | $-89.4M | — | ||
| Q4 24 | $1.1B | — | ||
| Q3 24 | $-113.4M | — | ||
| Q2 24 | $90.1M | — | ||
| Q1 24 | $-44.0M | — |
自由现金流率DECKQVCD
| Q4 25 | 52.1% | — | ||
| Q3 25 | -1.0% | — | ||
| Q2 25 | 1.3% | — | ||
| Q1 25 | -8.8% | — | ||
| Q4 24 | 58.6% | — | ||
| Q3 24 | -8.6% | — | ||
| Q2 24 | 10.9% | — | ||
| Q1 24 | -4.6% | — |
资本支出强度DECKQVCD
| Q4 25 | 1.1% | — | ||
| Q3 25 | 1.5% | — | ||
| Q2 25 | 2.5% | — | ||
| Q1 25 | 1.6% | — | ||
| Q4 24 | 1.3% | — | ||
| Q3 24 | 1.7% | — | ||
| Q2 24 | 2.7% | — | ||
| Q1 24 | 1.6% | — |
现金转化率DECKQVCD
| Q4 25 | 2.17× | 6.62× | ||
| Q3 25 | 0.03× | 38.00× | ||
| Q2 25 | 0.26× | — | ||
| Q1 25 | -0.48× | — | ||
| Q4 24 | 2.40× | — | ||
| Q3 24 | -0.37× | 1.92× | ||
| Q2 24 | 0.97× | 3.09× | ||
| Q1 24 | -0.22× | 1.65× |
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% |
QVCD
| Home | $754.0M | 31% |
| QVC International | $661.0M | 27% |
| Beauty | $260.0M | 11% |
| Apparel | $254.0M | 10% |
| Electronics | $187.0M | 8% |
| Accessories | $181.0M | 7% |
| Jewelry | $87.0M | 4% |
| Otherrevenue | $38.0M | 2% |
