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Deckers Brands（DECK）与EchoStar CORP（SATS）财务数据对比。点击上方公司名可切换其他公司
EchoStar CORP的季度营收约是Deckers Brands的1.9倍（$3.8B vs $2.0B），Deckers Brands净利率更高（24.6% vs -31.8%，领先56.4%），Deckers Brands同比增速更快（7.1% vs -4.3%），Deckers Brands自由现金流更多（$1.0B vs $-583.4M），过去两年Deckers Brands的营收复合增速更高（42.8% vs -2.8%）
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。
EchoStar Corp曾于2004年至2011年与TiVo公司发生专利纠纷，TiVo主张前者侵犯其DVR技术相关专利。该案先后由美国得克萨斯州东区联邦地区法院、联邦巡回上诉法院审理，涉及专利侵权判定、禁令条款、侵权产品改造、藐视法庭裁定及处罚等多个争议点。
DECK vs SATS — 直观对比
营收规模更大
SATS
是对方的1.9倍
$2.0B
营收增速更快
DECK
高出11.4%
-4.3%
净利率更高
DECK
高出56.4%
-31.8%
自由现金流更多
DECK
多$1.6B
$-583.4M
两年增速更快
DECK
近两年复合增速
-2.8%
损益表 — Q3 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $2.0B | $3.8B |
| 净利润 | $481.1M | $-1.2B |
| 毛利率 | 59.8% | — |
| 营业利润率 | 31.4% | -20.5% |
| 净利率 | 24.6% | -31.8% |
| 营收同比 | 7.1% | -4.3% |
| 净利润同比 | 5.3% | -460.1% |
| 每股收益（稀释后） | $3.33 | $-4.27 |
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DECKSATS
| Q4 25 | $2.0B | $3.8B | ||
| Q3 25 | $1.4B | $3.6B | ||
| Q2 25 | $964.5M | $3.7B | ||
| Q1 25 | $1.0B | $3.9B | ||
| Q4 24 | $1.8B | $4.0B | ||
| Q3 24 | $1.3B | $3.9B | ||
| Q2 24 | $825.3M | $4.0B | ||
| Q1 24 | $959.8M | $4.0B |
净利润DECKSATS
| Q4 25 | $481.1M | $-1.2B | ||
| Q3 25 | $268.2M | $-12.8B | ||
| Q2 25 | $139.2M | $-306.1M | ||
| Q1 25 | $151.4M | $-202.7M | ||
| Q4 24 | $456.7M | $335.2M | ||
| Q3 24 | $242.3M | $-141.8M | ||
| Q2 24 | $115.6M | $-205.6M | ||
| Q1 24 | $127.5M | $-107.4M |
毛利率DECKSATS
| 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DECKSATS
| Q4 25 | 31.4% | -20.5% | ||
| Q3 25 | 22.8% | -460.5% | ||
| Q2 25 | 17.1% | -5.7% | ||
| Q1 25 | 17.0% | -2.3% | ||
| Q4 24 | 31.0% | -1.6% | ||
| Q3 24 | 23.3% | -4.1% | ||
| Q2 24 | 16.1% | -1.7% | ||
| Q1 24 | 15.0% | -0.4% |
净利率DECKSATS
| Q4 25 | 24.6% | -31.8% | ||
| Q3 25 | 18.7% | -353.6% | ||
| Q2 25 | 14.4% | -8.2% | ||
| Q1 25 | 14.8% | -5.2% | ||
| Q4 24 | 25.0% | 8.5% | ||
| Q3 24 | 18.5% | -3.6% | ||
| Q2 24 | 14.0% | -5.2% | ||
| Q1 24 | 13.3% | -2.7% |
每股收益（稀释后）DECKSATS
| Q4 25 | $3.33 | $-4.27 | ||
| Q3 25 | $1.82 | $-44.37 | ||
| Q2 25 | $0.93 | $-1.06 | ||
| Q1 25 | $-2.78 | $-0.71 | ||
| Q4 24 | $3.00 | $1.24 | ||
| Q3 24 | $1.59 | $-0.52 | ||
| Q2 24 | $4.52 | $-0.76 | ||
| Q1 24 | $4.82 | $-0.40 |
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 | $3.0B |
| 总债务越低越好 | — | $18.7B |
| 股东权益账面价值 | $2.6B | $5.8B |
| 总资产 | $4.1B | $43.0B |
| 负债/权益比越低杠杆越低 | — | 3.24× |
8季度趋势，按日历期对齐
现金及短期投资DECKSATS
| Q4 25 | $2.1B | $3.0B | ||
| Q3 25 | $1.4B | $3.9B | ||
| Q2 25 | $1.7B | $4.3B | ||
| Q1 25 | $1.9B | $5.1B | ||
| Q4 24 | $2.2B | $5.5B | ||
| Q3 24 | $1.2B | $674.4M | ||
| Q2 24 | $1.4B | $520.6M | ||
| Q1 24 | $1.5B | $766.4M |
总债务DECKSATS
| Q4 25 | — | $18.7B | ||
| Q3 25 | — | $21.8B | ||
| Q2 25 | — | $25.4B | ||
| Q1 25 | — | $25.3B | ||
| Q4 24 | — | $25.7B | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | $951.0M |
股东权益DECKSATS
| Q4 25 | $2.6B | $5.8B | ||
| Q3 25 | $2.5B | $7.0B | ||
| Q2 25 | $2.5B | $19.7B | ||
| Q1 25 | $2.5B | $20.0B | ||
| Q4 24 | $2.6B | $20.2B | ||
| Q3 24 | $2.2B | $19.4B | ||
| Q2 24 | $2.1B | $19.6B | ||
| Q1 24 | $2.1B | $19.8B |
总资产DECKSATS
| Q4 25 | $4.1B | $43.0B | ||
| Q3 25 | $3.8B | $45.3B | ||
| Q2 25 | $3.8B | $59.9B | ||
| Q1 25 | $3.6B | $60.6B | ||
| Q4 24 | $4.0B | $60.9B | ||
| Q3 24 | $3.4B | $57.5B | ||
| Q2 24 | $3.3B | $55.3B | ||
| Q1 24 | $3.1B | $55.6B |
负债/权益比DECKSATS
| Q4 25 | — | 3.24× | ||
| Q3 25 | — | 3.13× | ||
| Q2 25 | — | 1.29× | ||
| Q1 25 | — | 1.27× | ||
| Q4 24 | — | 1.27× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | 0.05× |
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 | $-425.3M |
| 自由现金流经营现金流 - 资本支出 | $1.0B | $-583.4M |
| 自由现金流率自由现金流/营收 | 52.1% | -15.4% |
| 资本支出强度资本支出/营收 | 1.1% | 4.2% |
| 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 | $-1.1B |
8季度趋势，按日历期对齐
经营现金流DECKSATS
| Q4 25 | $1.0B | $-425.3M | ||
| Q3 25 | $8.1M | $111.7M | ||
| Q2 25 | $36.1M | $7.5M | ||
| Q1 25 | $-73.0M | $206.8M | ||
| Q4 24 | $1.1B | $45.6M | ||
| Q3 24 | $-90.5M | $276.2M | ||
| Q2 24 | $112.7M | $479.7M | ||
| Q1 24 | $-28.7M | $451.3M |
自由现金流DECKSATS
| Q4 25 | $1.0B | $-583.4M | ||
| Q3 25 | $-13.9M | $-144.4M | ||
| Q2 25 | $12.2M | $-285.7M | ||
| Q1 25 | $-89.4M | $-51.7M | ||
| Q4 24 | $1.1B | $-298.7M | ||
| Q3 24 | $-113.4M | $-57.5M | ||
| Q2 24 | $90.1M | $132.4M | ||
| Q1 24 | $-44.0M | $-68.4M |
自由现金流率DECKSATS
| Q4 25 | 52.1% | -15.4% | ||
| Q3 25 | -1.0% | -4.0% | ||
| Q2 25 | 1.3% | -7.7% | ||
| Q1 25 | -8.8% | -1.3% | ||
| Q4 24 | 58.6% | -7.5% | ||
| Q3 24 | -8.6% | -1.5% | ||
| Q2 24 | 10.9% | 3.3% | ||
| Q1 24 | -4.6% | -1.7% |
资本支出强度DECKSATS
| Q4 25 | 1.1% | 4.2% | ||
| Q3 25 | 1.5% | 7.1% | ||
| Q2 25 | 2.5% | 7.9% | ||
| Q1 25 | 1.6% | 6.7% | ||
| Q4 24 | 1.3% | 8.7% | ||
| Q3 24 | 1.7% | 8.6% | ||
| Q2 24 | 2.7% | 8.8% | ||
| Q1 24 | 1.6% | 12.9% |
现金转化率DECKSATS
| Q4 25 | 2.17× | — | ||
| Q3 25 | 0.03× | — | ||
| Q2 25 | 0.26× | — | ||
| Q1 25 | -0.48× | — | ||
| Q4 24 | 2.40× | 0.14× | ||
| 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% |
SATS
| Pay Tv | $2.4B | 62% |
| Wireless Services And Related Revenue | $846.5M | 22% |
| Equipment Sales And Other Revenue | $346.5M | 9% |
| Broadband And Satellite Services And Other Revenue | $264.1M | 7% |
