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Deckers Brands（DECK）与罗布乐思（RBLX）财务数据对比。点击上方公司名可切换其他公司
Deckers Brands的季度营收约是罗布乐思的1.4倍（$2.0B vs $1.4B），Deckers Brands净利率更高（24.6% vs -22.3%，领先46.9%），罗布乐思同比增速更快（43.2% vs 7.1%），Deckers Brands自由现金流更多（$1.0B vs $308.6M），过去两年Deckers Brands的营收复合增速更高（42.8% vs 32.9%）
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。
罗布乐思（Roblox Corporation）是总部位于美国加利福尼亚州圣马特奥的游戏企业，由大卫·巴斯祖奇与埃里克·卡塞尔于2004年共同创立。公司核心产品为同名线上游戏创作平台Roblox，于2006年正式上线，截至2024年12月底全球员工规模已超2400人。
DECK vs RBLX — 直观对比
营收规模更大
DECK
是对方的1.4倍
$1.4B
营收增速更快
RBLX
高出36.1%
7.1%
净利率更高
DECK
高出46.9%
-22.3%
自由现金流更多
DECK
多$711.7M
$308.6M
两年增速更快
DECK
近两年复合增速
32.9%
损益表 — Q3 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $2.0B | $1.4B |
| 净利润 | $481.1M | $-316.0M |
| 毛利率 | 59.8% | 77.7% |
| 营业利润率 | 31.4% | -25.3% |
| 净利率 | 24.6% | -22.3% |
| 营收同比 | 7.1% | 43.2% |
| 净利润同比 | 5.3% | -43.9% |
| 每股收益（稀释后） | $3.33 | $-0.44 |
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DECKRBLX
| Q4 25 | $2.0B | $1.4B | ||
| Q3 25 | $1.4B | $1.4B | ||
| Q2 25 | $964.5M | $1.1B | ||
| Q1 25 | $1.0B | $1.0B | ||
| Q4 24 | $1.8B | $988.2M | ||
| Q3 24 | $1.3B | $919.0M | ||
| Q2 24 | $825.3M | $893.5M | ||
| Q1 24 | $959.8M | $801.3M |
净利润DECKRBLX
| Q4 25 | $481.1M | $-316.0M | ||
| Q3 25 | $268.2M | $-255.6M | ||
| Q2 25 | $139.2M | $-278.4M | ||
| Q1 25 | $151.4M | $-215.1M | ||
| Q4 24 | $456.7M | $-219.6M | ||
| Q3 24 | $242.3M | $-239.3M | ||
| Q2 24 | $115.6M | $-205.9M | ||
| Q1 24 | $127.5M | $-270.6M |
毛利率DECKRBLX
| Q4 25 | 59.8% | 77.7% | ||
| Q3 25 | 56.2% | 78.2% | ||
| Q2 25 | 55.8% | 78.2% | ||
| Q1 25 | 56.7% | 78.3% | ||
| Q4 24 | 60.3% | 77.9% | ||
| Q3 24 | 55.9% | 77.7% | ||
| Q2 24 | 56.9% | 77.8% | ||
| Q1 24 | 56.2% | 77.7% |
营业利润率DECKRBLX
| Q4 25 | 31.4% | -25.3% | ||
| Q3 25 | 22.8% | -21.8% | ||
| Q2 25 | 17.1% | -29.8% | ||
| Q1 25 | 17.0% | -24.6% | ||
| Q4 24 | 31.0% | -24.7% | ||
| Q3 24 | 23.3% | -30.4% | ||
| Q2 24 | 16.1% | -26.6% | ||
| Q1 24 | 15.0% | -37.7% |
净利率DECKRBLX
| Q4 25 | 24.6% | -22.3% | ||
| Q3 25 | 18.7% | -18.8% | ||
| Q2 25 | 14.4% | -25.8% | ||
| Q1 25 | 14.8% | -20.8% | ||
| Q4 24 | 25.0% | -22.2% | ||
| Q3 24 | 18.5% | -26.0% | ||
| Q2 24 | 14.0% | -23.0% | ||
| Q1 24 | 13.3% | -33.8% |
每股收益（稀释后）DECKRBLX
| Q4 25 | $3.33 | $-0.44 | ||
| Q3 25 | $1.82 | $-0.37 | ||
| Q2 25 | $0.93 | $-0.41 | ||
| Q1 25 | $-2.78 | $-0.32 | ||
| Q4 24 | $3.00 | $-0.32 | ||
| Q3 24 | $1.59 | $-0.37 | ||
| Q2 24 | $4.52 | $-0.32 | ||
| Q1 24 | $4.82 | $-0.43 |
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 | $3.1B |
| 总债务越低越好 | — | $1.2B |
| 股东权益账面价值 | $2.6B | $394.5M |
| 总资产 | $4.1B | $9.6B |
| 负债/权益比越低杠杆越低 | — | 2.98× |
8季度趋势，按日历期对齐
现金及短期投资DECKRBLX
| Q4 25 | $2.1B | $3.1B | ||
| Q3 25 | $1.4B | $2.9B | ||
| Q2 25 | $1.7B | $2.6B | ||
| Q1 25 | $1.9B | $2.7B | ||
| Q4 24 | $2.2B | $2.4B | ||
| Q3 24 | $1.2B | $2.3B | ||
| Q2 24 | $1.4B | $2.4B | ||
| Q1 24 | $1.5B | $2.4B |
总债务DECKRBLX
| Q4 25 | — | $1.2B | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $1.2B | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益DECKRBLX
| Q4 25 | $2.6B | $394.5M | ||
| Q3 25 | $2.5B | $407.6M | ||
| Q2 25 | $2.5B | $353.2M | ||
| Q1 25 | $2.5B | $310.7M | ||
| Q4 24 | $2.6B | $221.4M | ||
| Q3 24 | $2.2B | $189.9M | ||
| Q2 24 | $2.1B | $121.5M | ||
| Q1 24 | $2.1B | $71.6M |
总资产DECKRBLX
| Q4 25 | $4.1B | $9.6B | ||
| Q3 25 | $3.8B | $8.6B | ||
| Q2 25 | $3.8B | $7.8B | ||
| Q1 25 | $3.6B | $7.5B | ||
| Q4 24 | $4.0B | $7.2B | ||
| Q3 24 | $3.4B | $6.7B | ||
| Q2 24 | $3.3B | $6.5B | ||
| Q1 24 | $3.1B | $6.3B |
负债/权益比DECKRBLX
| Q4 25 | — | 2.98× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 5.48× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
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 | $607.0M |
| 自由现金流经营现金流 - 资本支出 | $1.0B | $308.6M |
| 自由现金流率自由现金流/营收 | 52.1% | 21.8% |
| 资本支出强度资本支出/营收 | 1.1% | 21.1% |
| 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 | $1.4B |
8季度趋势，按日历期对齐
经营现金流DECKRBLX
| Q4 25 | $1.0B | $607.0M | ||
| Q3 25 | $8.1M | $546.2M | ||
| Q2 25 | $36.1M | $199.3M | ||
| Q1 25 | $-73.0M | $443.9M | ||
| Q4 24 | $1.1B | $184.5M | ||
| Q3 24 | $-90.5M | $247.4M | ||
| Q2 24 | $112.7M | $151.4M | ||
| Q1 24 | $-28.7M | $238.9M |
自由现金流DECKRBLX
| Q4 25 | $1.0B | $308.6M | ||
| Q3 25 | $-13.9M | $443.6M | ||
| Q2 25 | $12.2M | $176.7M | ||
| Q1 25 | $-89.4M | $426.5M | ||
| Q4 24 | $1.1B | $120.6M | ||
| Q3 24 | $-113.4M | $218.0M | ||
| Q2 24 | $90.1M | $111.7M | ||
| Q1 24 | $-44.0M | $192.3M |
自由现金流率DECKRBLX
| Q4 25 | 52.1% | 21.8% | ||
| Q3 25 | -1.0% | 32.6% | ||
| Q2 25 | 1.3% | 16.3% | ||
| Q1 25 | -8.8% | 41.2% | ||
| Q4 24 | 58.6% | 12.2% | ||
| Q3 24 | -8.6% | 23.7% | ||
| Q2 24 | 10.9% | 12.5% | ||
| Q1 24 | -4.6% | 24.0% |
资本支出强度DECKRBLX
| Q4 25 | 1.1% | 21.1% | ||
| Q3 25 | 1.5% | 7.5% | ||
| Q2 25 | 2.5% | 2.1% | ||
| Q1 25 | 1.6% | 1.7% | ||
| Q4 24 | 1.3% | 6.5% | ||
| Q3 24 | 1.7% | 3.2% | ||
| Q2 24 | 2.7% | 4.4% | ||
| Q1 24 | 1.6% | 5.8% |
现金转化率DECKRBLX
| Q4 25 | 2.17× | — | ||
| Q3 25 | 0.03× | — | ||
| Q2 25 | 0.26× | — | ||
| Q1 25 | -0.48× | — | ||
| Q4 24 | 2.40× | — | ||
| Q3 24 | -0.37× | — | ||
| Q2 24 | 0.97× | — | ||
| 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% |
RBLX
暂无分部数据
