vs
Deckers Brands（DECK）与南方铜业（SCCO）财务数据对比。点击上方公司名可切换其他公司
南方铜业的季度营收约是Deckers Brands的2.0倍（$3.9B vs $2.0B），南方铜业净利率更高（33.9% vs 24.6%，领先9.3%），南方铜业同比增速更快（39.0% vs 7.1%），南方铜业自由现金流更多（$1.1B vs $1.0B），过去两年Deckers Brands的营收复合增速更高（42.8% vs 22.0%）
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。
南方铜业注册地为美国特拉华州，总部位于亚利桑那州凤凰城，在秘鲁、墨西哥两地持有多座铜矿、冶炼厂及精炼厂，旗下拥有夸霍内、托克帕拉、布埃纳维斯塔等知名矿山。2024年公司铜产量达21亿磅，同时产出银、钼、锌等多种金属。
DECK vs SCCO — 直观对比
营收规模更大
SCCO
是对方的2.0倍
$2.0B
营收增速更快
SCCO
高出31.8%
7.1%
净利率更高
SCCO
高出9.3%
24.6%
自由现金流更多
SCCO
多$51.4M
$1.0B
两年增速更快
DECK
近两年复合增速
22.0%
损益表 — Q3 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $2.0B | $3.9B |
| 净利润 | $481.1M | $1.3B |
| 毛利率 | 59.8% | 62.0% |
| 营业利润率 | 31.4% | 54.5% |
| 净利率 | 24.6% | 33.9% |
| 营收同比 | 7.1% | 39.0% |
| 净利润同比 | 5.3% | 64.7% |
| 每股收益（稀释后） | $3.33 | $1.49 |
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DECKSCCO
| Q4 25 | $2.0B | $3.9B | ||
| Q3 25 | $1.4B | $3.4B | ||
| Q2 25 | $964.5M | $3.1B | ||
| Q1 25 | $1.0B | $3.1B | ||
| Q4 24 | $1.8B | $2.8B | ||
| Q3 24 | $1.3B | $2.9B | ||
| Q2 24 | $825.3M | $3.1B | ||
| Q1 24 | $959.8M | $2.6B |
净利润DECKSCCO
| Q4 25 | $481.1M | $1.3B | ||
| Q3 25 | $268.2M | $1.1B | ||
| Q2 25 | $139.2M | $976.7M | ||
| Q1 25 | $151.4M | $949.1M | ||
| Q4 24 | $456.7M | $796.2M | ||
| Q3 24 | $242.3M | $899.8M | ||
| Q2 24 | $115.6M | $953.8M | ||
| Q1 24 | $127.5M | $738.8M |
毛利率DECKSCCO
| Q4 25 | 59.8% | 62.0% | ||
| Q3 25 | 56.2% | 59.8% | ||
| Q2 25 | 55.8% | 60.3% | ||
| Q1 25 | 56.7% | 57.7% | ||
| Q4 24 | 60.3% | 56.5% | ||
| Q3 24 | 55.9% | 58.3% | ||
| Q2 24 | 56.9% | 59.9% | ||
| Q1 24 | 56.2% | 55.5% |
营业利润率DECKSCCO
| Q4 25 | 31.4% | 54.5% | ||
| Q3 25 | 22.8% | 52.4% | ||
| Q2 25 | 17.1% | 52.0% | ||
| Q1 25 | 17.0% | 49.2% | ||
| Q4 24 | 31.0% | 47.0% | ||
| Q3 24 | 23.3% | 49.5% | ||
| Q2 24 | 16.1% | 51.5% | ||
| Q1 24 | 15.0% | 45.8% |
净利率DECKSCCO
| Q4 25 | 24.6% | 33.9% | ||
| Q3 25 | 18.7% | 32.9% | ||
| Q2 25 | 14.4% | 32.0% | ||
| Q1 25 | 14.8% | 30.4% | ||
| Q4 24 | 25.0% | 28.6% | ||
| Q3 24 | 18.5% | 30.7% | ||
| Q2 24 | 14.0% | 30.6% | ||
| Q1 24 | 13.3% | 28.4% |
每股收益（稀释后）DECKSCCO
| Q4 25 | $3.33 | $1.49 | ||
| Q3 25 | $1.82 | $1.35 | ||
| Q2 25 | $0.93 | $1.21 | ||
| Q1 25 | $-2.78 | $1.19 | ||
| Q4 24 | $3.00 | $1.02 | ||
| Q3 24 | $1.59 | $1.15 | ||
| Q2 24 | $4.52 | $1.22 | ||
| Q1 24 | $4.82 | $0.95 |
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 | $4.9B |
| 总债务越低越好 | — | $6.8B |
| 股东权益账面价值 | $2.6B | $11.0B |
| 总资产 | $4.1B | $21.4B |
| 负债/权益比越低杠杆越低 | — | 0.61× |
8季度趋势，按日历期对齐
现金及短期投资DECKSCCO
| Q4 25 | $2.1B | $4.9B | ||
| Q3 25 | $1.4B | $4.5B | ||
| Q2 25 | $1.7B | $4.0B | ||
| Q1 25 | $1.9B | $4.3B | ||
| Q4 24 | $2.2B | $3.5B | ||
| Q3 24 | $1.2B | $3.0B | ||
| Q2 24 | $1.4B | $2.2B | ||
| Q1 24 | $1.5B | $1.6B |
总债务DECKSCCO
| Q4 25 | — | $6.8B | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $6.3B | ||
| Q3 24 | — | — | ||
| Q2 24 | — | $6.3B | ||
| Q1 24 | — | $6.3B |
股东权益DECKSCCO
| Q4 25 | $2.6B | $11.0B | ||
| Q3 25 | $2.5B | $10.4B | ||
| Q2 25 | $2.5B | $10.0B | ||
| Q1 25 | $2.5B | $9.6B | ||
| Q4 24 | $2.6B | $9.2B | ||
| Q3 24 | $2.2B | $8.9B | ||
| Q2 24 | $2.1B | $8.5B | ||
| Q1 24 | $2.1B | $7.5B |
总资产DECKSCCO
| Q4 25 | $4.1B | $21.4B | ||
| Q3 25 | $3.8B | $20.3B | ||
| Q2 25 | $3.8B | $19.6B | ||
| Q1 25 | $3.6B | $19.8B | ||
| Q4 24 | $4.0B | $18.7B | ||
| Q3 24 | $3.4B | $18.4B | ||
| Q2 24 | $3.3B | $17.8B | ||
| Q1 24 | $3.1B | $16.8B |
负债/权益比DECKSCCO
| Q4 25 | — | 0.61× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 0.68× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | 0.74× | ||
| Q1 24 | — | 0.83× |
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 | $1.5B |
| 自由现金流经营现金流 - 资本支出 | $1.0B | $1.1B |
| 自由现金流率自由现金流/营收 | 52.1% | 27.7% |
| 资本支出强度资本支出/营收 | 1.1% | 10.9% |
| 现金转化率经营现金流/净利润 | 2.17× | 1.14× |
| 过去12个月自由现金流最近4个季度 | $929.1M | $3.4B |
8季度趋势，按日历期对齐
经营现金流DECKSCCO
| Q4 25 | $1.0B | $1.5B | ||
| Q3 25 | $8.1M | $1.6B | ||
| Q2 25 | $36.1M | $976.8M | ||
| Q1 25 | $-73.0M | $721.4M | ||
| Q4 24 | $1.1B | $1.4B | ||
| Q3 24 | $-90.5M | $1.4B | ||
| Q2 24 | $112.7M | $962.1M | ||
| Q1 24 | $-28.7M | $659.7M |
自由现金流DECKSCCO
| Q4 25 | $1.0B | $1.1B | ||
| Q3 25 | $-13.9M | $1.2B | ||
| Q2 25 | $12.2M | $741.1M | ||
| Q1 25 | $-89.4M | $403.6M | ||
| Q4 24 | $1.1B | $1.1B | ||
| Q3 24 | $-113.4M | $1.2B | ||
| Q2 24 | $90.1M | $630.3M | ||
| Q1 24 | $-44.0M | $445.9M |
自由现金流率DECKSCCO
| Q4 25 | 52.1% | 27.7% | ||
| Q3 25 | -1.0% | 35.8% | ||
| Q2 25 | 1.3% | 24.3% | ||
| Q1 25 | -8.8% | 12.9% | ||
| Q4 24 | 58.6% | 40.4% | ||
| Q3 24 | -8.6% | 40.7% | ||
| Q2 24 | 10.9% | 20.2% | ||
| Q1 24 | -4.6% | 17.2% |
资本支出强度DECKSCCO
| Q4 25 | 1.1% | 10.9% | ||
| Q3 25 | 1.5% | 10.3% | ||
| Q2 25 | 2.5% | 7.7% | ||
| Q1 25 | 1.6% | 10.2% | ||
| Q4 24 | 1.3% | 8.5% | ||
| Q3 24 | 1.7% | 8.4% | ||
| Q2 24 | 2.7% | 10.6% | ||
| Q1 24 | 1.6% | 8.2% |
现金转化率DECKSCCO
| Q4 25 | 2.17× | 1.14× | ||
| Q3 25 | 0.03× | 1.40× | ||
| Q2 25 | 0.26× | 1.00× | ||
| Q1 25 | -0.48× | 0.76× | ||
| Q4 24 | 2.40× | 1.71× | ||
| Q3 24 | -0.37× | 1.60× | ||
| Q2 24 | 0.97× | 1.01× | ||
| Q1 24 | -0.22× | 0.89× |
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% |
SCCO
| Other | $1.3B | 32% |
| MX | $726.4M | 19% |
| CH | $560.4M | 14% |
| PE | $218.8M | 6% |
| Silver | $201.1M | 5% |
| BR | $157.9M | 4% |
| CL | $149.0M | 4% |
| Molybdenum | $143.3M | 4% |
| ES | $130.8M | 3% |
| Mexican IMMSA Unit | $129.8M | 3% |
| IT | $107.1M | 3% |
| Zinc | $88.8M | 2% |
