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Deckers Brands（DECK）与Snowflake Inc.（SNOW）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Snowflake Inc.的1.6倍（$2.0B vs $1.2B），Deckers Brands净利率更高（24.6% vs -24.2%，领先48.8%），Snowflake Inc.同比增速更快（28.7% vs 7.1%），Deckers Brands自由现金流更多（$1.0B vs $113.6M），过去两年Deckers Brands的营收复合增速更高（42.8% vs 25.1%）
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。
Snowflake Inc.是美国云数据平台服务商，创立于加利福尼亚州圣马特奥，总部位于蒙大拿州博兹曼。旗下平台支持数据分析功能，可实现数据集的低延迟并发访问，服务运行在亚马逊云科技、微软Azure、谷歌云三大公有云平台上。
DECK vs SNOW — 直观对比
营收规模更大
DECK
是对方的1.6倍
$1.2B
营收增速更快
SNOW
高出21.6%
7.1%
净利率更高
DECK
高出48.8%
-24.2%
自由现金流更多
DECK
多$906.7M
$113.6M
两年增速更快
DECK
近两年复合增速
25.1%
损益表 — Q3 FY2026 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $2.0B | $1.2B |
| 净利润 | $481.1M | $-294.0M |
| 毛利率 | 59.8% | 67.8% |
| 营业利润率 | 31.4% | -27.2% |
| 净利率 | 24.6% | -24.2% |
| 营收同比 | 7.1% | 28.7% |
| 净利润同比 | 5.3% | 9.4% |
| 每股收益（稀释后） | $3.33 | $-0.87 |
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DECKSNOW
| Q4 25 | $2.0B | $1.2B | ||
| Q3 25 | $1.4B | $1.1B | ||
| Q2 25 | $964.5M | $1.0B | ||
| Q1 25 | $1.0B | $986.8M | ||
| Q4 24 | $1.8B | $942.1M | ||
| Q3 24 | $1.3B | $868.8M | ||
| Q2 24 | $825.3M | $828.7M | ||
| Q1 24 | $959.8M | $774.7M |
净利润DECKSNOW
| Q4 25 | $481.1M | $-294.0M | ||
| Q3 25 | $268.2M | $-298.0M | ||
| Q2 25 | $139.2M | $-430.1M | ||
| Q1 25 | $151.4M | $-327.5M | ||
| Q4 24 | $456.7M | $-324.3M | ||
| Q3 24 | $242.3M | $-316.9M | ||
| Q2 24 | $115.6M | $-317.0M | ||
| Q1 24 | $127.5M | $-169.4M |
毛利率DECKSNOW
| Q4 25 | 59.8% | 67.8% | ||
| Q3 25 | 56.2% | 67.5% | ||
| Q2 25 | 55.8% | 66.5% | ||
| Q1 25 | 56.7% | 66.2% | ||
| Q4 24 | 60.3% | 65.9% | ||
| Q3 24 | 55.9% | 66.8% | ||
| Q2 24 | 56.9% | 67.1% | ||
| Q1 24 | 56.2% | 68.8% |
营业利润率DECKSNOW
| Q4 25 | 31.4% | -27.2% | ||
| Q3 25 | 22.8% | -29.7% | ||
| Q2 25 | 17.1% | -42.9% | ||
| Q1 25 | 17.0% | -39.2% | ||
| Q4 24 | 31.0% | -38.8% | ||
| Q3 24 | 23.3% | -40.9% | ||
| Q2 24 | 16.1% | -42.1% | ||
| Q1 24 | 15.0% | -35.6% |
净利率DECKSNOW
| Q4 25 | 24.6% | -24.2% | ||
| Q3 25 | 18.7% | -26.0% | ||
| Q2 25 | 14.4% | -41.3% | ||
| Q1 25 | 14.8% | -33.2% | ||
| Q4 24 | 25.0% | -34.4% | ||
| Q3 24 | 18.5% | -36.5% | ||
| Q2 24 | 14.0% | -38.3% | ||
| Q1 24 | 13.3% | -21.9% |
每股收益（稀释后）DECKSNOW
| Q4 25 | $3.33 | $-0.87 | ||
| Q3 25 | $1.82 | $-0.89 | ||
| Q2 25 | $0.93 | $-1.29 | ||
| Q1 25 | $-2.78 | $-0.98 | ||
| Q4 24 | $3.00 | $-0.98 | ||
| Q3 24 | $1.59 | $-0.95 | ||
| Q2 24 | $4.52 | $-0.95 | ||
| Q1 24 | $4.82 | $-0.51 |
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 | $1.9B |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $2.6B | $2.1B |
| 总资产 | $4.1B | $8.2B |
| 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DECKSNOW
| Q4 25 | $2.1B | $1.9B | ||
| Q3 25 | $1.4B | $1.9B | ||
| Q2 25 | $1.7B | $2.2B | ||
| Q1 25 | $1.9B | $2.6B | ||
| Q4 24 | $2.2B | $2.1B | ||
| Q3 24 | $1.2B | $1.3B | ||
| Q2 24 | $1.4B | $1.3B | ||
| Q1 24 | $1.5B | $1.8B |
股东权益DECKSNOW
| Q4 25 | $2.6B | $2.1B | ||
| Q3 25 | $2.5B | $2.4B | ||
| Q2 25 | $2.5B | $2.4B | ||
| Q1 25 | $2.5B | $3.0B | ||
| Q4 24 | $2.6B | $2.9B | ||
| Q3 24 | $2.2B | $4.1B | ||
| Q2 24 | $2.1B | $4.6B | ||
| Q1 24 | $2.1B | $5.2B |
总资产DECKSNOW
| Q4 25 | $4.1B | $8.2B | ||
| Q3 25 | $3.8B | $8.2B | ||
| Q2 25 | $3.8B | $8.2B | ||
| Q1 25 | $3.6B | $9.0B | ||
| Q4 24 | $4.0B | $8.2B | ||
| Q3 24 | $3.4B | $6.9B | ||
| Q2 24 | $3.3B | $7.3B | ||
| Q1 24 | $3.1B | $8.2B |
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 | $137.5M |
| 自由现金流经营现金流 - 资本支出 | $1.0B | $113.6M |
| 自由现金流率自由现金流/营收 | 52.1% | 9.4% |
| 资本支出强度资本支出/营收 | 1.1% | 2.0% |
| 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 | $776.7M |
8季度趋势，按日历期对齐
经营现金流DECKSNOW
| Q4 25 | $1.0B | $137.5M | ||
| Q3 25 | $8.1M | $74.9M | ||
| Q2 25 | $36.1M | $228.4M | ||
| Q1 25 | $-73.0M | $432.7M | ||
| Q4 24 | $1.1B | $101.7M | ||
| Q3 24 | $-90.5M | $69.9M | ||
| Q2 24 | $112.7M | $355.5M | ||
| Q1 24 | $-28.7M | $344.6M |
自由现金流DECKSNOW
| Q4 25 | $1.0B | $113.6M | ||
| Q3 25 | $-13.9M | $58.2M | ||
| Q2 25 | $12.2M | $183.4M | ||
| Q1 25 | $-89.4M | $421.4M | ||
| Q4 24 | $1.1B | $88.3M | ||
| Q3 24 | $-113.4M | $64.8M | ||
| Q2 24 | $90.1M | $338.9M | ||
| Q1 24 | $-44.0M | $331.5M |
自由现金流率DECKSNOW
| Q4 25 | 52.1% | 9.4% | ||
| Q3 25 | -1.0% | 5.1% | ||
| Q2 25 | 1.3% | 17.6% | ||
| Q1 25 | -8.8% | 42.7% | ||
| Q4 24 | 58.6% | 9.4% | ||
| Q3 24 | -8.6% | 7.5% | ||
| Q2 24 | 10.9% | 40.9% | ||
| Q1 24 | -4.6% | 42.8% |
资本支出强度DECKSNOW
| Q4 25 | 1.1% | 2.0% | ||
| Q3 25 | 1.5% | 1.5% | ||
| Q2 25 | 2.5% | 4.3% | ||
| Q1 25 | 1.6% | 1.1% | ||
| Q4 24 | 1.3% | 1.4% | ||
| Q3 24 | 1.7% | 0.6% | ||
| Q2 24 | 2.7% | 2.0% | ||
| Q1 24 | 1.6% | 1.7% |
现金转化率DECKSNOW
| Q4 25 | 2.17× | — | ||
| Q3 25 | 0.03× | — | ||
| Q2 25 | 0.26× | — | ||
| Q1 25 | -0.48× | — | ||
| Q4 24 | 2.40× | — | ||
| 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% |
SNOW
| Products | $1.2B | 96% |
| Professional Services And Other | $54.5M | 4% |
| Related Party | $6.7M | 1% |
