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Deckers Brands（DECK）与美乐棵（SMG）财务数据对比。点击上方公司名可切换其他公司
Deckers Brands的季度营收约是美乐棵的1.3倍（$2.0B vs $1.5B），Deckers Brands净利率更高（24.6% vs 16.3%，领先8.2%），Deckers Brands同比增速更快（7.1% vs -16.9%），过去两年Deckers Brands的营收复合增速更高（42.8% vs 10.2%）
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。
美乐棵公司是一家总部位于俄亥俄州马里斯维尔的美国跨国企业，其前身可追溯至1868年O.M.斯科特开始销售草种的业务。公司主营草坪养护、园艺种植、虫害防治类消费产品以及无土室内园艺设备，旗下拥有Scotts、Miracle-Gro、Ortho等知名品牌，同时在美国及中国等多个国际市场销售和分销除草剂Roundup。
DECK vs SMG — 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24.0%
-16.9%
净利率更高
DECK
高出8.2%
16.3%
两年增速更快
DECK
近两年复合增速
10.2%
损益表 — Q3 FY2026 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $2.0B | $1.5B |
| 净利润 | $481.1M | $238.6M |
| 毛利率 | 59.8% | 41.8% |
| 营业利润率 | 31.4% | 27.5% |
| 净利率 | 24.6% | 16.3% |
| 营收同比 | 7.1% | -16.9% |
| 净利润同比 | 5.3% | 61.2% |
| 每股收益（稀释后） | $3.33 | $-2.00 |
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DECKSMG
| Q1 26 | — | $1.5B | ||
| Q4 25 | $2.0B | $354.4M | ||
| Q3 25 | $1.4B | $387.3M | ||
| Q2 25 | $964.5M | $1.2B | ||
| Q1 25 | $1.0B | $1.4B | ||
| Q4 24 | $1.8B | $416.8M | ||
| Q3 24 | $1.3B | $414.7M | ||
| Q2 24 | $825.3M | $1.2B |
净利润DECKSMG
| Q1 26 | — | $238.6M | ||
| Q4 25 | $481.1M | $-125.0M | ||
| Q3 25 | $268.2M | — | ||
| Q2 25 | $139.2M | $149.1M | ||
| Q1 25 | $151.4M | $217.5M | ||
| Q4 24 | $456.7M | $-69.5M | ||
| Q3 24 | $242.3M | — | ||
| Q2 24 | $115.6M | $132.1M |
毛利率DECKSMG
| Q1 26 | — | 41.8% | ||
| Q4 25 | 59.8% | 25.0% | ||
| Q3 25 | 56.2% | 6.1% | ||
| Q2 25 | 55.8% | 31.8% | ||
| Q1 25 | 56.7% | 38.6% | ||
| Q4 24 | 60.3% | 22.7% | ||
| Q3 24 | 55.9% | -7.1% | ||
| Q2 24 | 56.9% | 29.5% |
营业利润率DECKSMG
| Q1 26 | — | 27.5% | ||
| Q4 25 | 31.4% | -6.2% | ||
| Q3 25 | 22.8% | -38.8% | ||
| Q2 25 | 17.1% | 18.1% | ||
| Q1 25 | 17.0% | 24.3% | ||
| Q4 24 | 31.0% | -12.2% | ||
| Q3 24 | 23.3% | -52.1% | ||
| Q2 24 | 16.1% | 16.6% |
净利率DECKSMG
| Q1 26 | — | 16.3% | ||
| Q4 25 | 24.6% | -35.3% | ||
| Q3 25 | 18.7% | — | ||
| Q2 25 | 14.4% | 12.6% | ||
| Q1 25 | 14.8% | 15.3% | ||
| Q4 24 | 25.0% | -16.7% | ||
| Q3 24 | 18.5% | — | ||
| Q2 24 | 14.0% | 11.0% |
每股收益（稀释后）DECKSMG
| Q1 26 | — | $-2.00 | ||
| Q4 25 | $3.33 | $-2.16 | ||
| Q3 25 | $1.82 | $-2.58 | ||
| Q2 25 | $0.93 | $2.54 | ||
| Q1 25 | $-2.78 | $3.72 | ||
| Q4 24 | $3.00 | $-1.21 | ||
| Q3 24 | $1.59 | $-4.21 | ||
| Q2 24 | $4.52 | $2.28 |
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 | $6.2M |
| 总债务越低越好 | — | $2.3B |
| 股东权益账面价值 | $2.6B | — |
| 总资产 | $4.1B | $3.4B |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
现金及短期投资DECKSMG
| Q1 26 | — | $6.2M | ||
| Q4 25 | $2.1B | $8.3M | ||
| Q3 25 | $1.4B | $36.6M | ||
| Q2 25 | $1.7B | $51.1M | ||
| Q1 25 | $1.9B | $16.9M | ||
| Q4 24 | $2.2B | $9.8M | ||
| Q3 24 | $1.2B | $71.6M | ||
| Q2 24 | $1.4B | $279.9M |
总债务DECKSMG
| Q1 26 | — | $2.3B | ||
| Q4 25 | — | — | ||
| Q3 25 | — | $2.1B | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | $2.2B | ||
| Q2 24 | — | — |
股东权益DECKSMG
| Q1 26 | — | — | ||
| Q4 25 | $2.6B | $-500.6M | ||
| Q3 25 | $2.5B | $-357.5M | ||
| Q2 25 | $2.5B | $-170.9M | ||
| Q1 25 | $2.5B | $-290.1M | ||
| Q4 24 | $2.6B | $-479.5M | ||
| Q3 24 | $2.2B | $-390.6M | ||
| Q2 24 | $2.1B | $-146.2M |
总资产DECKSMG
| Q1 26 | — | $3.4B | ||
| Q4 25 | $4.1B | $3.0B | ||
| Q3 25 | $3.8B | $2.7B | ||
| Q2 25 | $3.8B | $3.1B | ||
| Q1 25 | $3.6B | $3.5B | ||
| Q4 24 | $4.0B | $3.2B | ||
| Q3 24 | $3.4B | $2.9B | ||
| Q2 24 | $3.3B | $3.5B |
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 | — |
| 自由现金流经营现金流 - 资本支出 | $1.0B | — |
| 自由现金流率自由现金流/营收 | 52.1% | — |
| 资本支出强度资本支出/营收 | 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季度趋势，按日历期对齐
经营现金流DECKSMG
| Q1 26 | — | — | ||
| Q4 25 | $1.0B | $-370.4M | ||
| Q3 25 | $8.1M | $174.1M | ||
| Q2 25 | $36.1M | $454.4M | ||
| Q1 25 | $-73.0M | $188.1M | ||
| Q4 24 | $1.1B | $-445.3M | ||
| Q3 24 | $-90.5M | $118.5M | ||
| Q2 24 | $112.7M | $588.0M |
自由现金流DECKSMG
| Q1 26 | — | — | ||
| Q4 25 | $1.0B | $-390.4M | ||
| Q3 25 | $-13.9M | $131.2M | ||
| Q2 25 | $12.2M | $437.5M | ||
| Q1 25 | $-89.4M | $179.8M | ||
| Q4 24 | $1.1B | $-474.6M | ||
| Q3 24 | $-113.4M | $101.9M | ||
| Q2 24 | $90.1M | $574.8M |
自由现金流率DECKSMG
| Q1 26 | — | — | ||
| Q4 25 | 52.1% | -110.2% | ||
| Q3 25 | -1.0% | 33.9% | ||
| Q2 25 | 1.3% | 36.8% | ||
| Q1 25 | -8.8% | 12.7% | ||
| Q4 24 | 58.6% | -113.9% | ||
| Q3 24 | -8.6% | 24.6% | ||
| Q2 24 | 10.9% | 47.8% |
资本支出强度DECKSMG
| Q1 26 | — | — | ||
| Q4 25 | 1.1% | 5.6% | ||
| Q3 25 | 1.5% | 11.1% | ||
| Q2 25 | 2.5% | 1.4% | ||
| Q1 25 | 1.6% | 0.6% | ||
| Q4 24 | 1.3% | 7.0% | ||
| Q3 24 | 1.7% | 4.0% | ||
| Q2 24 | 2.7% | 1.1% |
现金转化率DECKSMG
| Q1 26 | — | — | ||
| Q4 25 | 2.17× | — | ||
| Q3 25 | 0.03× | — | ||
| Q2 25 | 0.26× | 3.05× | ||
| Q1 25 | -0.48× | 0.86× | ||
| Q4 24 | 2.40× | — | ||
| Q3 24 | -0.37× | — | ||
| Q2 24 | 0.97× | 4.45× |
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% |
SMG
暂无分部数据
