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Deckers Brands（DECK）与StandardAero, Inc.（SARO）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StandardAero, Inc.的1.2倍（$2.0B vs $1.6B），Deckers Brands净利率更高（24.6% vs 4.9%，领先19.7%），StandardAero, Inc.同比增速更快（13.5% vs 7.1%），Deckers Brands自由现金流更多（$1.0B vs $307.3M），过去两年Deckers Brands的营收复合增速更高（42.8% vs 13.8%）
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。
StandardAero Inc.是总部位于美国亚利桑那州斯科茨代尔的专业维护、维修及大修（MRO）服务提供商，深耕相关领域多年，服务覆盖航空等多个行业，可为客户提供高效可靠的定制化运维解决方案。
DECK vs SARO — 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
SARO
高出6.4%
7.1%
净利率更高
DECK
高出19.7%
4.9%
自由现金流更多
DECK
多$712.9M
$307.3M
两年增速更快
DECK
近两年复合增速
13.8%
损益表 — Q3 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $2.0B | $1.6B |
| 净利润 | $481.1M | $78.6M |
| 毛利率 | 59.8% | 13.8% |
| 营业利润率 | 31.4% | 9.3% |
| 净利率 | 24.6% | 4.9% |
| 营收同比 | 7.1% | 13.5% |
| 净利润同比 | 5.3% | 659.6% |
| 每股收益（稀释后） | $3.33 | $0.24 |
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DECKSARO
| Q4 25 | $2.0B | $1.6B | ||
| Q3 25 | $1.4B | $1.5B | ||
| Q2 25 | $964.5M | $1.5B | ||
| Q1 25 | $1.0B | $1.4B | ||
| Q4 24 | $1.8B | $1.4B | ||
| Q3 24 | $1.3B | $1.2B | ||
| Q2 24 | $825.3M | $1.3B | ||
| Q1 24 | $959.8M | $1.2B |
净利润DECKSARO
| Q4 25 | $481.1M | $78.6M | ||
| Q3 25 | $268.2M | $68.1M | ||
| Q2 25 | $139.2M | $67.7M | ||
| Q1 25 | $151.4M | $62.9M | ||
| Q4 24 | $456.7M | $-14.1M | ||
| Q3 24 | $242.3M | $16.4M | ||
| Q2 24 | $115.6M | $5.4M | ||
| Q1 24 | $127.5M | $3.2M |
毛利率DECKSARO
| Q4 25 | 59.8% | 13.8% | ||
| Q3 25 | 56.2% | 14.9% | ||
| Q2 25 | 55.8% | 15.4% | ||
| Q1 25 | 56.7% | 15.2% | ||
| Q4 24 | 60.3% | 14.3% | ||
| Q3 24 | 55.9% | 15.0% | ||
| Q2 24 | 56.9% | 13.7% | ||
| Q1 24 | 56.2% | 14.7% |
营业利润率DECKSARO
| Q4 25 | 31.4% | 9.3% | ||
| Q3 25 | 22.8% | 9.2% | ||
| Q2 25 | 17.1% | 8.9% | ||
| Q1 25 | 17.0% | 9.0% | ||
| Q4 24 | 31.0% | 6.7% | ||
| Q3 24 | 23.3% | 7.9% | ||
| Q2 24 | 16.1% | 7.8% | ||
| Q1 24 | 15.0% | 8.5% |
净利率DECKSARO
| Q4 25 | 24.6% | 4.9% | ||
| Q3 25 | 18.7% | 4.5% | ||
| Q2 25 | 14.4% | 4.4% | ||
| Q1 25 | 14.8% | 4.4% | ||
| Q4 24 | 25.0% | -1.0% | ||
| Q3 24 | 18.5% | 1.3% | ||
| Q2 24 | 14.0% | 0.4% | ||
| Q1 24 | 13.3% | 0.3% |
每股收益（稀释后）DECKSARO
| Q4 25 | $3.33 | $0.24 | ||
| Q3 25 | $1.82 | $0.20 | ||
| Q2 25 | $0.93 | $0.20 | ||
| Q1 25 | $-2.78 | $0.19 | ||
| Q4 24 | $3.00 | $-0.05 | ||
| Q3 24 | $1.59 | $0.06 | ||
| Q2 24 | $4.52 | $0.02 | ||
| Q1 24 | $4.82 | $0.01 |
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 | — |
| 总债务越低越好 | — | $2.2B |
| 股东权益账面价值 | $2.6B | $2.7B |
| 总资产 | $4.1B | $6.6B |
| 负债/权益比越低杠杆越低 | — | 0.83× |
8季度趋势，按日历期对齐
现金及短期投资DECKSARO
| Q4 25 | $2.1B | — | ||
| Q3 25 | $1.4B | — | ||
| Q2 25 | $1.7B | — | ||
| Q1 25 | $1.9B | — | ||
| Q4 24 | $2.2B | — | ||
| Q3 24 | $1.2B | — | ||
| Q2 24 | $1.4B | — | ||
| Q1 24 | $1.5B | — |
总债务DECKSARO
| Q4 25 | — | $2.2B | ||
| Q3 25 | — | $2.3B | ||
| Q2 25 | — | $2.3B | ||
| Q1 25 | — | $2.3B | ||
| Q4 24 | — | $2.2B | ||
| Q3 24 | — | $3.4B | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益DECKSARO
| Q4 25 | $2.6B | $2.7B | ||
| Q3 25 | $2.5B | $2.6B | ||
| Q2 25 | $2.5B | $2.5B | ||
| Q1 25 | $2.5B | $2.4B | ||
| Q4 24 | $2.6B | $2.4B | ||
| Q3 24 | $2.2B | $1.2B | ||
| Q2 24 | $2.1B | $1.2B | ||
| Q1 24 | $2.1B | $1.2B |
总资产DECKSARO
| Q4 25 | $4.1B | $6.6B | ||
| Q3 25 | $3.8B | $6.6B | ||
| Q2 25 | $3.8B | $6.5B | ||
| Q1 25 | $3.6B | $6.5B | ||
| Q4 24 | $4.0B | $6.2B | ||
| Q3 24 | $3.4B | $6.1B | ||
| Q2 24 | $3.3B | — | ||
| Q1 24 | $3.1B | — |
负债/权益比DECKSARO
| Q4 25 | — | 0.83× | ||
| Q3 25 | — | 0.90× | ||
| Q2 25 | — | 0.92× | ||
| Q1 25 | — | 0.96× | ||
| Q4 24 | — | 0.94× | ||
| Q3 24 | — | 2.94× | ||
| 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 | $323.0M |
| 自由现金流经营现金流 - 资本支出 | $1.0B | $307.3M |
| 自由现金流率自由现金流/营收 | 52.1% | 19.2% |
| 资本支出强度资本支出/营收 | 1.1% | 1.0% |
| 现金转化率经营现金流/净利润 | 2.17× | 4.11× |
| 过去12个月自由现金流最近4个季度 | $929.1M | $234.3M |
8季度趋势，按日历期对齐
经营现金流DECKSARO
| Q4 25 | $1.0B | $323.0M | ||
| Q3 25 | $8.1M | $14.8M | ||
| Q2 25 | $36.1M | $2.9M | ||
| Q1 25 | $-73.0M | $-24.0M | ||
| Q4 24 | $1.1B | — | ||
| Q3 24 | $-90.5M | $-13.9M | ||
| Q2 24 | $112.7M | — | ||
| Q1 24 | $-28.7M | $-83.6M |
自由现金流DECKSARO
| Q4 25 | $1.0B | $307.3M | ||
| Q3 25 | $-13.9M | $-4.7M | ||
| Q2 25 | $12.2M | $-19.0M | ||
| Q1 25 | $-89.4M | $-49.3M | ||
| Q4 24 | $1.1B | — | ||
| Q3 24 | $-113.4M | $-39.2M | ||
| Q2 24 | $90.1M | — | ||
| Q1 24 | $-44.0M | $-102.0M |
自由现金流率DECKSARO
| Q4 25 | 52.1% | 19.2% | ||
| Q3 25 | -1.0% | -0.3% | ||
| Q2 25 | 1.3% | -1.2% | ||
| Q1 25 | -8.8% | -3.4% | ||
| Q4 24 | 58.6% | — | ||
| Q3 24 | -8.6% | -3.1% | ||
| Q2 24 | 10.9% | — | ||
| Q1 24 | -4.6% | -8.3% |
资本支出强度DECKSARO
| Q4 25 | 1.1% | 1.0% | ||
| Q3 25 | 1.5% | 1.3% | ||
| Q2 25 | 2.5% | 1.4% | ||
| Q1 25 | 1.6% | 1.8% | ||
| Q4 24 | 1.3% | — | ||
| Q3 24 | 1.7% | 2.0% | ||
| Q2 24 | 2.7% | — | ||
| Q1 24 | 1.6% | 1.5% |
现金转化率DECKSARO
| Q4 25 | 2.17× | 4.11× | ||
| Q3 25 | 0.03× | 0.22× | ||
| Q2 25 | 0.26× | 0.04× | ||
| Q1 25 | -0.48× | -0.38× | ||
| Q4 24 | 2.40× | — | ||
| Q3 24 | -0.37× | -0.84× | ||
| Q2 24 | 0.97× | — | ||
| Q1 24 | -0.22× | -26.22× |
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% |
SARO
| Commercial Aerospace | $1.0B | 63% |
| Business Aviation | $266.2M | 17% |
| Military And Helicopter | $262.0M | 16% |
| Other | $68.1M | 4% |
