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Deckers Brands（DECK）与RXO, Inc.（RXO）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RXO, Inc.的1.3倍（$2.0B vs $1.5B），Deckers Brands净利率更高（24.6% vs -3.1%，领先27.7%），Deckers Brands同比增速更快（7.1% vs -11.9%），Deckers Brands自由现金流更多（$1.0B vs $-9.0M），过去两年Deckers Brands的营收复合增速更高（42.8% vs 26.8%）
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。
RXO是总部位于美国的头部运输及物流解决方案供应商，核心业务覆盖货运经纪、大件商品最后一公里配送、运输管理服务与全链路供应链优化支持，主要服务北美制造业、零售业及电商领域的客户。
DECK vs RXO — 直观对比
营收规模更大
DECK
是对方的1.3倍
$1.5B
营收增速更快
DECK
高出19.0%
-11.9%
净利率更高
DECK
高出27.7%
-3.1%
自由现金流更多
DECK
多$1.0B
$-9.0M
两年增速更快
DECK
近两年复合增速
26.8%
损益表 — Q3 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $2.0B | $1.5B |
| 净利润 | $481.1M | $-46.0M |
| 毛利率 | 59.8% | — |
| 营业利润率 | 31.4% | -2.9% |
| 净利率 | 24.6% | -3.1% |
| 营收同比 | 7.1% | -11.9% |
| 净利润同比 | 5.3% | -84.0% |
| 每股收益（稀释后） | $3.33 | $-0.28 |
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DECKRXO
| Q4 25 | $2.0B | $1.5B | ||
| Q3 25 | $1.4B | $1.4B | ||
| Q2 25 | $964.5M | $1.4B | ||
| Q1 25 | $1.0B | $1.4B | ||
| Q4 24 | $1.8B | $1.7B | ||
| Q3 24 | $1.3B | $1.0B | ||
| Q2 24 | $825.3M | $930.0M | ||
| Q1 24 | $959.8M | $913.0M |
净利润DECKRXO
| Q4 25 | $481.1M | $-46.0M | ||
| Q3 25 | $268.2M | $-14.0M | ||
| Q2 25 | $139.2M | $-9.0M | ||
| Q1 25 | $151.4M | $-31.0M | ||
| Q4 24 | $456.7M | $-25.0M | ||
| Q3 24 | $242.3M | $-243.0M | ||
| Q2 24 | $115.6M | $-7.0M | ||
| Q1 24 | $127.5M | $-15.0M |
毛利率DECKRXO
| 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DECKRXO
| Q4 25 | 31.4% | -2.9% | ||
| Q3 25 | 22.8% | -0.5% | ||
| Q2 25 | 17.1% | — | ||
| Q1 25 | 17.0% | -2.1% | ||
| Q4 24 | 31.0% | -1.4% | ||
| Q3 24 | 23.3% | -1.9% | ||
| Q2 24 | 16.1% | — | ||
| Q1 24 | 15.0% | -1.3% |
净利率DECKRXO
| Q4 25 | 24.6% | -3.1% | ||
| Q3 25 | 18.7% | -1.0% | ||
| Q2 25 | 14.4% | -0.6% | ||
| Q1 25 | 14.8% | -2.2% | ||
| Q4 24 | 25.0% | -1.5% | ||
| Q3 24 | 18.5% | -23.4% | ||
| Q2 24 | 14.0% | -0.8% | ||
| Q1 24 | 13.3% | -1.6% |
每股收益（稀释后）DECKRXO
| Q4 25 | $3.33 | $-0.28 | ||
| Q3 25 | $1.82 | $-0.08 | ||
| Q2 25 | $0.93 | $-0.05 | ||
| Q1 25 | $-2.78 | $-0.18 | ||
| Q4 24 | $3.00 | $-0.17 | ||
| Q3 24 | $1.59 | $-1.81 | ||
| Q2 24 | $4.52 | $-0.06 | ||
| Q1 24 | $4.82 | $-0.13 |
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 | $17.0M |
| 总债务越低越好 | — | $387.0M |
| 股东权益账面价值 | $2.6B | $1.5B |
| 总资产 | $4.1B | $3.3B |
| 负债/权益比越低杠杆越低 | — | 0.25× |
8季度趋势，按日历期对齐
现金及短期投资DECKRXO
| Q4 25 | $2.1B | $17.0M | ||
| Q3 25 | $1.4B | $25.0M | ||
| Q2 25 | $1.7B | $18.0M | ||
| Q1 25 | $1.9B | $16.0M | ||
| Q4 24 | $2.2B | $35.0M | ||
| Q3 24 | $1.2B | $55.0M | ||
| Q2 24 | $1.4B | $7.0M | ||
| Q1 24 | $1.5B | $7.0M |
总债务DECKRXO
| Q4 25 | — | $387.0M | ||
| Q3 25 | — | $387.0M | ||
| Q2 25 | — | $387.0M | ||
| Q1 25 | — | $387.0M | ||
| Q4 24 | — | $351.0M | ||
| Q3 24 | — | $352.0M | ||
| Q2 24 | — | $370.0M | ||
| Q1 24 | — | $351.0M |
股东权益DECKRXO
| Q4 25 | $2.6B | $1.5B | ||
| Q3 25 | $2.5B | $1.6B | ||
| Q2 25 | $2.5B | $1.6B | ||
| Q1 25 | $2.5B | $1.6B | ||
| Q4 24 | $2.6B | $1.6B | ||
| Q3 24 | $2.2B | $1.7B | ||
| Q2 24 | $2.1B | $579.0M | ||
| Q1 24 | $2.1B | $582.0M |
总资产DECKRXO
| Q4 25 | $4.1B | $3.3B | ||
| Q3 25 | $3.8B | $3.2B | ||
| Q2 25 | $3.8B | $3.2B | ||
| Q1 25 | $3.6B | $3.3B | ||
| Q4 24 | $4.0B | $3.4B | ||
| Q3 24 | $3.4B | $3.4B | ||
| Q2 24 | $3.3B | $1.8B | ||
| Q1 24 | $3.1B | $1.8B |
负债/权益比DECKRXO
| Q4 25 | — | 0.25× | ||
| Q3 25 | — | 0.24× | ||
| Q2 25 | — | 0.24× | ||
| Q1 25 | — | 0.24× | ||
| Q4 24 | — | 0.22× | ||
| Q3 24 | — | 0.21× | ||
| Q2 24 | — | 0.64× | ||
| Q1 24 | — | 0.60× |
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 | $7.0M |
| 自由现金流经营现金流 - 资本支出 | $1.0B | $-9.0M |
| 自由现金流率自由现金流/营收 | 52.1% | -0.6% |
| 资本支出强度资本支出/营收 | 1.1% | 1.1% |
| 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 | $-8.0M |
8季度趋势，按日历期对齐
经营现金流DECKRXO
| Q4 25 | $1.0B | $7.0M | ||
| Q3 25 | $8.1M | $23.0M | ||
| Q2 25 | $36.1M | $23.0M | ||
| Q1 25 | $-73.0M | $-2.0M | ||
| Q4 24 | $1.1B | $-7.0M | ||
| Q3 24 | $-90.5M | $-7.0M | ||
| Q2 24 | $112.7M | $-5.0M | ||
| Q1 24 | $-28.7M | $7.0M |
自由现金流DECKRXO
| Q4 25 | $1.0B | $-9.0M | ||
| Q3 25 | $-13.9M | $9.0M | ||
| Q2 25 | $12.2M | $9.0M | ||
| Q1 25 | $-89.4M | $-17.0M | ||
| Q4 24 | $1.1B | $-19.0M | ||
| Q3 24 | $-113.4M | $-18.0M | ||
| Q2 24 | $90.1M | $-16.0M | ||
| Q1 24 | $-44.0M | $-4.0M |
自由现金流率DECKRXO
| Q4 25 | 52.1% | -0.6% | ||
| Q3 25 | -1.0% | 0.6% | ||
| Q2 25 | 1.3% | 0.6% | ||
| Q1 25 | -8.8% | -1.2% | ||
| Q4 24 | 58.6% | -1.1% | ||
| Q3 24 | -8.6% | -1.7% | ||
| Q2 24 | 10.9% | -1.7% | ||
| Q1 24 | -4.6% | -0.4% |
资本支出强度DECKRXO
| Q4 25 | 1.1% | 1.1% | ||
| Q3 25 | 1.5% | 1.0% | ||
| Q2 25 | 2.5% | 1.0% | ||
| Q1 25 | 1.6% | 1.0% | ||
| Q4 24 | 1.3% | 0.7% | ||
| Q3 24 | 1.7% | 1.1% | ||
| Q2 24 | 2.7% | 1.2% | ||
| Q1 24 | 1.6% | 1.2% |
现金转化率DECKRXO
| 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% |
RXO
| Retail Sector | $546.0M | 37% |
| Last Mile | $298.0M | 20% |
| Food And Beverage Sector | $225.0M | 15% |
| Other Sector | $185.0M | 13% |
| Managed Transportation | $133.0M | 9% |
| Automotive Sector | $93.0M | 6% |
