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Deckers Brands（DECK）与J.M. Smucker Company (The)（SJM）财务数据对比。点击上方公司名可切换其他公司
J.M. Smucker Company (The)的季度营收约是Deckers Brands的1.2倍（$2.3B vs $2.0B），Deckers Brands净利率更高（24.6% vs 10.4%，领先14.2%），Deckers Brands同比增速更快（7.1% vs 2.6%），Deckers Brands自由现金流更多（$1.0B vs $280.2M），过去两年Deckers Brands的营收复合增速更高（42.8% vs 2.2%）
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。
J.M.斯马克公司是美国食品饮料生产企业，总部位于俄亥俄州奥维尔，1897年成立之初主营苹果酱生产，目前旗下设消费食品、宠物食品、咖啡三大业务板块，核心品牌Smucker's主打果酱、花生酱、糖浆、无皮冷冻三明治、冰淇淋顶料等产品。
DECK vs SJM — 直观对比
营收规模更大
SJM
是对方的1.2倍
$2.0B
营收增速更快
DECK
高出4.5%
2.6%
净利率更高
DECK
高出14.2%
10.4%
自由现金流更多
DECK
多$740.1M
$280.2M
两年增速更快
DECK
近两年复合增速
2.2%
损益表 — Q3 FY2026 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $2.0B | $2.3B |
| 净利润 | $481.1M | $241.3M |
| 毛利率 | 59.8% | 37.3% |
| 营业利润率 | 31.4% | 18.0% |
| 净利率 | 24.6% | 10.4% |
| 营收同比 | 7.1% | 2.6% |
| 净利润同比 | 5.3% | 1084.9% |
| 每股收益（稀释后） | $3.33 | $2.26 |
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DECKSJM
| Q4 25 | $2.0B | $2.3B | ||
| Q3 25 | $1.4B | $2.1B | ||
| Q2 25 | $964.5M | $2.1B | ||
| Q1 25 | $1.0B | $2.2B | ||
| Q4 24 | $1.8B | $2.3B | ||
| Q3 24 | $1.3B | $2.1B | ||
| Q2 24 | $825.3M | $2.2B | ||
| Q1 24 | $959.8M | $2.2B |
净利润DECKSJM
| Q4 25 | $481.1M | $241.3M | ||
| Q3 25 | $268.2M | $-43.9M | ||
| Q2 25 | $139.2M | $-729.0M | ||
| Q1 25 | $151.4M | $-662.3M | ||
| Q4 24 | $456.7M | $-24.5M | ||
| Q3 24 | $242.3M | $185.0M | ||
| Q2 24 | $115.6M | $245.1M | ||
| Q1 24 | $127.5M | $120.4M |
毛利率DECKSJM
| Q4 25 | 59.8% | 37.3% | ||
| Q3 25 | 56.2% | 22.5% | ||
| Q2 25 | 55.8% | 38.4% | ||
| Q1 25 | 56.7% | 40.2% | ||
| Q4 24 | 60.3% | 39.0% | ||
| Q3 24 | 55.9% | 37.5% | ||
| Q2 24 | 56.9% | 41.4% | ||
| Q1 24 | 56.2% | 36.9% |
营业利润率DECKSJM
| Q4 25 | 31.4% | 18.0% | ||
| Q3 25 | 22.8% | 2.2% | ||
| Q2 25 | 17.1% | -27.9% | ||
| Q1 25 | 17.0% | -27.2% | ||
| Q4 24 | 31.0% | 7.5% | ||
| Q3 24 | 23.3% | 16.4% | ||
| Q2 24 | 16.1% | 18.4% | ||
| Q1 24 | 15.0% | 13.3% |
净利率DECKSJM
| Q4 25 | 24.6% | 10.4% | ||
| Q3 25 | 18.7% | -2.1% | ||
| Q2 25 | 14.4% | -34.0% | ||
| Q1 25 | 14.8% | -30.3% | ||
| Q4 24 | 25.0% | -1.1% | ||
| Q3 24 | 18.5% | 8.7% | ||
| Q2 24 | 14.0% | 11.1% | ||
| Q1 24 | 13.3% | 5.4% |
每股收益（稀释后）DECKSJM
| Q4 25 | $3.33 | $2.26 | ||
| Q3 25 | $1.82 | $-0.41 | ||
| Q2 25 | $0.93 | $-6.86 | ||
| Q1 25 | $-2.78 | $-6.22 | ||
| Q4 24 | $3.00 | $-0.23 | ||
| Q3 24 | $1.59 | $1.74 | ||
| Q2 24 | $4.52 | $2.31 | ||
| Q1 24 | $4.82 | $1.13 |
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 | — |
| 总债务越低越好 | — | $7.0B |
| 股东权益账面价值 | $2.6B | $6.1B |
| 总资产 | $4.1B | $17.6B |
| 负债/权益比越低杠杆越低 | — | 1.16× |
8季度趋势，按日历期对齐
现金及短期投资DECKSJM
| 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DECKSJM
| Q4 25 | — | $7.0B | ||
| Q3 25 | — | $7.0B | ||
| Q2 25 | — | $7.0B | ||
| Q1 25 | — | $7.4B | ||
| Q4 24 | — | $7.8B | ||
| Q3 24 | — | $7.8B | ||
| Q2 24 | — | $7.8B | ||
| Q1 24 | — | $8.1B |
股东权益DECKSJM
| Q4 25 | $2.6B | $6.1B | ||
| Q3 25 | $2.5B | $5.9B | ||
| Q2 25 | $2.5B | $6.1B | ||
| Q1 25 | $2.5B | $6.9B | ||
| Q4 24 | $2.6B | $7.6B | ||
| Q3 24 | $2.2B | $7.8B | ||
| Q2 24 | $2.1B | $7.7B | ||
| Q1 24 | $2.1B | $7.6B |
总资产DECKSJM
| Q4 25 | $4.1B | $17.6B | ||
| Q3 25 | $3.8B | $17.7B | ||
| Q2 25 | $3.8B | $17.6B | ||
| Q1 25 | $3.6B | $18.4B | ||
| Q4 24 | $4.0B | $20.0B | ||
| Q3 24 | $3.4B | $20.3B | ||
| Q2 24 | $3.3B | $20.3B | ||
| Q1 24 | $3.1B | $20.2B |
负债/权益比DECKSJM
| Q4 25 | — | 1.16× | ||
| Q3 25 | — | 1.19× | ||
| Q2 25 | — | 1.16× | ||
| Q1 25 | — | 1.07× | ||
| Q4 24 | — | 1.02× | ||
| Q3 24 | — | 1.00× | ||
| Q2 24 | — | 1.01× | ||
| Q1 24 | — | 1.07× |
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 | $346.5M |
| 自由现金流经营现金流 - 资本支出 | $1.0B | $280.2M |
| 自由现金流率自由现金流/营收 | 52.1% | 12.0% |
| 资本支出强度资本支出/营收 | 1.1% | 2.8% |
| 现金转化率经营现金流/净利润 | 2.17× | 1.44× |
| 过去12个月自由现金流最近4个季度 | $929.1M | $635.5M |
8季度趋势，按日历期对齐
经营现金流DECKSJM
| Q4 25 | $1.0B | $346.5M | ||
| Q3 25 | $8.1M | $-10.6M | ||
| Q2 25 | $36.1M | $393.9M | ||
| Q1 25 | $-73.0M | $239.4M | ||
| Q4 24 | $1.1B | $404.2M | ||
| Q3 24 | $-90.5M | $172.9M | ||
| Q2 24 | $112.7M | $428.1M | ||
| Q1 24 | $-28.7M | $406.5M |
自由现金流DECKSJM
| Q4 25 | $1.0B | $280.2M | ||
| Q3 25 | $-13.9M | $-94.9M | ||
| Q2 25 | $12.2M | $298.9M | ||
| Q1 25 | $-89.4M | $151.3M | ||
| Q4 24 | $1.1B | $317.2M | ||
| Q3 24 | $-113.4M | $49.2M | ||
| Q2 24 | $90.1M | $297.5M | ||
| Q1 24 | $-44.0M | $249.6M |
自由现金流率DECKSJM
| Q4 25 | 52.1% | 12.0% | ||
| Q3 25 | -1.0% | -4.5% | ||
| Q2 25 | 1.3% | 13.9% | ||
| Q1 25 | -8.8% | 6.9% | ||
| Q4 24 | 58.6% | 14.0% | ||
| Q3 24 | -8.6% | 2.3% | ||
| Q2 24 | 10.9% | 13.5% | ||
| Q1 24 | -4.6% | 11.2% |
资本支出强度DECKSJM
| Q4 25 | 1.1% | 2.8% | ||
| Q3 25 | 1.5% | 4.0% | ||
| Q2 25 | 2.5% | 4.4% | ||
| Q1 25 | 1.6% | 4.0% | ||
| Q4 24 | 1.3% | 3.8% | ||
| Q3 24 | 1.7% | 5.8% | ||
| Q2 24 | 2.7% | 5.9% | ||
| Q1 24 | 1.6% | 7.0% |
现金转化率DECKSJM
| Q4 25 | 2.17× | 1.44× | ||
| Q3 25 | 0.03× | — | ||
| Q2 25 | 0.26× | — | ||
| Q1 25 | -0.48× | — | ||
| Q4 24 | 2.40× | — | ||
| Q3 24 | -0.37× | 0.93× | ||
| Q2 24 | 0.97× | 1.75× | ||
| Q1 24 | -0.22× | 3.38× |
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% |
SJM
| U.S.Retail Frozen Handheld And Spreads | $461.1M | 20% |
| U.S.Retail Pet Foods | $413.2M | 18% |
| Handheld Frozen Sandwiches | $262.9M | 11% |
| Sweet Baked Snacks | $256.1M | 11% |
| Pet Snacks | $232.0M | 10% |
| Cat Food | $197.2M | 8% |
| Peanut Butter | $187.1M | 8% |
| CA | $94.5M | 4% |
| Fruit Spreads | $92.2M | 4% |
| Other | $50.5M | 2% |
| Portion Control | $50.1M | 2% |
| All Other International | $33.2M | 1% |
