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Deckers Brands（DECK）与利氏兄弟拍卖行（RBA）财务数据对比。点击上方公司名可切换其他公司
Deckers Brands的季度营收约是利氏兄弟拍卖行的1.6倍（$2.0B vs $1.2B），Deckers Brands净利率更高（24.6% vs 9.1%，领先15.5%），Deckers Brands同比增速更快（7.1% vs 5.4%），Deckers Brands自由现金流更多（$1.0B vs $186.5M），过去两年Deckers Brands的营收复合增速更高（42.8% vs 6.3%）
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。
利氏兄弟拍卖行（股票代码RBA）是全球知名的工业资产拍卖服务商，注册地位于加拿大，属公开上市企业，总部设在美国伊利诺伊州韦斯特切斯特，普通股同时在多伦多证券交易所与纽约证券交易所挂牌交易。
DECK vs RBA — 直观对比
营收规模更大
DECK
是对方的1.6倍
$1.2B
营收增速更快
DECK
高出1.7%
5.4%
净利率更高
DECK
高出15.5%
9.1%
自由现金流更多
DECK
多$833.8M
$186.5M
两年增速更快
DECK
近两年复合增速
6.3%
损益表 — Q3 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $2.0B | $1.2B |
| 净利润 | $481.1M | $109.7M |
| 毛利率 | 59.8% | — |
| 营业利润率 | 31.4% | 14.7% |
| 净利率 | 24.6% | 9.1% |
| 营收同比 | 7.1% | 5.4% |
| 净利润同比 | 5.3% | -7.4% |
| 每股收益（稀释后） | $3.33 | $0.53 |
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DECKRBA
| Q4 25 | $2.0B | $1.2B | ||
| Q3 25 | $1.4B | $1.1B | ||
| Q2 25 | $964.5M | $1.2B | ||
| Q1 25 | $1.0B | $1.1B | ||
| Q4 24 | $1.8B | $1.1B | ||
| Q3 24 | $1.3B | $981.8M | ||
| Q2 24 | $825.3M | $1.1B | ||
| Q1 24 | $959.8M | $1.1B |
净利润DECKRBA
| Q4 25 | $481.1M | $109.7M | ||
| Q3 25 | $268.2M | $95.5M | ||
| Q2 25 | $139.2M | $109.8M | ||
| Q1 25 | $151.4M | $113.4M | ||
| Q4 24 | $456.7M | $118.5M | ||
| Q3 24 | $242.3M | $76.1M | ||
| Q2 24 | $115.6M | $111.1M | ||
| Q1 24 | $127.5M | $107.4M |
毛利率DECKRBA
| 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DECKRBA
| Q4 25 | 31.4% | 14.7% | ||
| Q3 25 | 22.8% | 14.5% | ||
| Q2 25 | 17.1% | 15.9% | ||
| Q1 25 | 17.0% | 17.1% | ||
| Q4 24 | 31.0% | 18.1% | ||
| Q3 24 | 23.3% | 15.6% | ||
| Q2 24 | 16.1% | 18.4% | ||
| Q1 24 | 15.0% | 18.7% |
净利率DECKRBA
| Q4 25 | 24.6% | 9.1% | ||
| Q3 25 | 18.7% | 8.7% | ||
| Q2 25 | 14.4% | 9.3% | ||
| Q1 25 | 14.8% | 10.2% | ||
| Q4 24 | 25.0% | 10.4% | ||
| Q3 24 | 18.5% | 7.8% | ||
| Q2 24 | 14.0% | 10.1% | ||
| Q1 24 | 13.3% | 10.1% |
每股收益（稀释后）DECKRBA
| Q4 25 | $3.33 | $0.53 | ||
| Q3 25 | $1.82 | $0.43 | ||
| Q2 25 | $0.93 | $0.53 | ||
| Q1 25 | $-2.78 | $0.55 | ||
| Q4 24 | $3.00 | $0.58 | ||
| Q3 24 | $1.59 | $0.36 | ||
| Q2 24 | $4.52 | $0.54 | ||
| Q1 24 | $4.82 | $0.53 |
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 | $531.5M |
| 总债务越低越好 | — | $2.3B |
| 股东权益账面价值 | $2.6B | $5.6B |
| 总资产 | $4.1B | $12.1B |
| 负债/权益比越低杠杆越低 | — | 0.42× |
8季度趋势，按日历期对齐
现金及短期投资DECKRBA
| Q4 25 | $2.1B | $531.5M | ||
| Q3 25 | $1.4B | $674.7M | ||
| Q2 25 | $1.7B | $710.2M | ||
| Q1 25 | $1.9B | $578.1M | ||
| Q4 24 | $2.2B | $533.9M | ||
| Q3 24 | $1.2B | $650.7M | ||
| Q2 24 | $1.4B | $599.5M | ||
| Q1 24 | $1.5B | $462.8M |
总债务DECKRBA
| Q4 25 | — | $2.3B | ||
| Q3 25 | — | $2.6B | ||
| Q2 25 | — | $2.6B | ||
| Q1 25 | — | $2.6B | ||
| Q4 24 | — | $2.6B | ||
| Q3 24 | — | $2.7B | ||
| Q2 24 | — | $2.8B | ||
| Q1 24 | — | $2.9B |
股东权益DECKRBA
| Q4 25 | $2.6B | $5.6B | ||
| Q3 25 | $2.5B | $5.5B | ||
| Q2 25 | $2.5B | $5.5B | ||
| Q1 25 | $2.5B | $5.3B | ||
| Q4 24 | $2.6B | $5.2B | ||
| Q3 24 | $2.2B | $5.2B | ||
| Q2 24 | $2.1B | $5.2B | ||
| Q1 24 | $2.1B | $5.1B |
总资产DECKRBA
| Q4 25 | $4.1B | $12.1B | ||
| Q3 25 | $3.8B | $12.2B | ||
| Q2 25 | $3.8B | $12.2B | ||
| Q1 25 | $3.6B | $11.9B | ||
| Q4 24 | $4.0B | $11.8B | ||
| Q3 24 | $3.4B | $11.9B | ||
| Q2 24 | $3.3B | $12.1B | ||
| Q1 24 | $3.1B | $12.0B |
负债/权益比DECKRBA
| Q4 25 | — | 0.42× | ||
| Q3 25 | — | 0.47× | ||
| Q2 25 | — | 0.47× | ||
| Q1 25 | — | 0.50× | ||
| Q4 24 | — | 0.50× | ||
| Q3 24 | — | 0.52× | ||
| Q2 24 | — | 0.55× | ||
| 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 | $255.2M |
| 自由现金流经营现金流 - 资本支出 | $1.0B | $186.5M |
| 自由现金流率自由现金流/营收 | 52.1% | 15.5% |
| 资本支出强度资本支出/营收 | 1.1% | 5.7% |
| 现金转化率经营现金流/净利润 | 2.17× | 2.33× |
| 过去12个月自由现金流最近4个季度 | $929.1M | $719.2M |
8季度趋势，按日历期对齐
经营现金流DECKRBA
| Q4 25 | $1.0B | $255.2M | ||
| Q3 25 | $8.1M | $239.7M | ||
| Q2 25 | $36.1M | $326.5M | ||
| Q1 25 | $-73.0M | $156.8M | ||
| Q4 24 | $1.1B | $184.5M | ||
| Q3 24 | $-90.5M | $285.4M | ||
| Q2 24 | $112.7M | $337.3M | ||
| Q1 24 | $-28.7M | $124.8M |
自由现金流DECKRBA
| Q4 25 | $1.0B | $186.5M | ||
| Q3 25 | $-13.9M | $188.5M | ||
| Q2 25 | $12.2M | $241.7M | ||
| Q1 25 | $-89.4M | $102.5M | ||
| Q4 24 | $1.1B | $127.9M | ||
| Q3 24 | $-113.4M | $248.5M | ||
| Q2 24 | $90.1M | $308.6M | ||
| Q1 24 | $-44.0M | $79.6M |
自由现金流率DECKRBA
| Q4 25 | 52.1% | 15.5% | ||
| Q3 25 | -1.0% | 17.3% | ||
| Q2 25 | 1.3% | 20.4% | ||
| Q1 25 | -8.8% | 9.2% | ||
| Q4 24 | 58.6% | 11.2% | ||
| Q3 24 | -8.6% | 25.3% | ||
| Q2 24 | 10.9% | 28.2% | ||
| Q1 24 | -4.6% | 7.5% |
资本支出强度DECKRBA
| Q4 25 | 1.1% | 5.7% | ||
| Q3 25 | 1.5% | 4.7% | ||
| Q2 25 | 2.5% | 7.2% | ||
| Q1 25 | 1.6% | 4.9% | ||
| Q4 24 | 1.3% | 5.0% | ||
| Q3 24 | 1.7% | 3.8% | ||
| Q2 24 | 2.7% | 2.6% | ||
| Q1 24 | 1.6% | 4.2% |
现金转化率DECKRBA
| Q4 25 | 2.17× | 2.33× | ||
| Q3 25 | 0.03× | 2.51× | ||
| Q2 25 | 0.26× | 2.97× | ||
| Q1 25 | -0.48× | 1.38× | ||
| Q4 24 | 2.40× | 1.56× | ||
| Q3 24 | -0.37× | 3.75× | ||
| Q2 24 | 0.97× | 3.04× | ||
| Q1 24 | -0.22× | 1.16× |
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% |
RBA
| Buyer Revenue | $577.2M | 48% |
| Seller Revenue | $255.2M | 21% |
| CA | $199.0M | 17% |
| Other | $124.7M | 10% |
| AU | $47.3M | 4% |
