vs
Deckers Brands（DECK）与道富集团（STT）财务数据对比。点击上方公司名可切换其他公司
道富集团的季度营收约是Deckers Brands的1.9倍（$3.7B vs $2.0B），Deckers Brands净利率更高（24.6% vs 20.4%，领先4.2%），道富集团同比增速更快（7.5% vs 7.1%），道富集团自由现金流更多（$9.8B vs $1.0B），过去两年Deckers Brands的营收复合增速更高（42.8% vs 8.1%）
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。
道富集团是总部位于美国波士顿的跨国金融服务及银行控股公司，历史可追溯至1792年成立的联合银行，是美国运营历史第二悠久的存续银行。作为全球顶尖的资产管理与托管机构，截至2025年第三季度，其管理资产规模约5.4万亿美元，托管及管理资产总规模达51.7万亿美元。
DECK vs STT — 直观对比
营收规模更大
STT
是对方的1.9倍
$2.0B
营收增速更快
STT
高出0.3%
7.1%
净利率更高
DECK
高出4.2%
20.4%
自由现金流更多
STT
多$8.8B
$1.0B
两年增速更快
DECK
近两年复合增速
8.1%
损益表 — Q3 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $2.0B | $3.7B |
| 净利润 | $481.1M | $747.0M |
| 毛利率 | 59.8% | — |
| 营业利润率 | 31.4% | 25.0% |
| 净利率 | 24.6% | 20.4% |
| 营收同比 | 7.1% | 7.5% |
| 净利润同比 | 5.3% | -4.6% |
| 每股收益（稀释后） | $3.33 | $2.41 |
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DECKSTT
| Q4 25 | $2.0B | $3.7B | ||
| Q3 25 | $1.4B | $3.5B | ||
| Q2 25 | $964.5M | $3.4B | ||
| Q1 25 | $1.0B | $3.3B | ||
| Q4 24 | $1.8B | $3.4B | ||
| Q3 24 | $1.3B | $3.3B | ||
| Q2 24 | $825.3M | $3.2B | ||
| Q1 24 | $959.8M | $3.1B |
净利润DECKSTT
| Q4 25 | $481.1M | $747.0M | ||
| Q3 25 | $268.2M | $861.0M | ||
| Q2 25 | $139.2M | $693.0M | ||
| Q1 25 | $151.4M | $644.0M | ||
| Q4 24 | $456.7M | $783.0M | ||
| Q3 24 | $242.3M | $730.0M | ||
| Q2 24 | $115.6M | $711.0M | ||
| Q1 24 | $127.5M | $463.0M |
毛利率DECKSTT
| 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DECKSTT
| Q4 25 | 31.4% | 25.0% | ||
| Q3 25 | 22.8% | 31.1% | ||
| Q2 25 | 17.1% | 25.8% | ||
| Q1 25 | 17.0% | 25.0% | ||
| Q4 24 | 31.0% | 28.1% | ||
| Q3 24 | 23.3% | 28.4% | ||
| Q2 24 | 16.1% | 28.6% | ||
| Q1 24 | 15.0% | 19.1% |
净利率DECKSTT
| Q4 25 | 24.6% | 20.4% | ||
| Q3 25 | 18.7% | 24.3% | ||
| Q2 25 | 14.4% | 20.1% | ||
| Q1 25 | 14.8% | 19.6% | ||
| Q4 24 | 25.0% | 22.9% | ||
| Q3 24 | 18.5% | 22.4% | ||
| Q2 24 | 14.0% | 22.3% | ||
| Q1 24 | 13.3% | 14.8% |
每股收益（稀释后）DECKSTT
| Q4 25 | $3.33 | $2.41 | ||
| Q3 25 | $1.82 | $2.78 | ||
| Q2 25 | $0.93 | $2.17 | ||
| Q1 25 | $-2.78 | $2.04 | ||
| Q4 24 | $3.00 | $2.43 | ||
| Q3 24 | $1.59 | $2.26 | ||
| Q2 24 | $4.52 | $2.15 | ||
| Q1 24 | $4.82 | $1.37 |
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 | — | — |
| 股东权益账面价值 | $2.6B | $27.8B |
| 总资产 | $4.1B | $366.0B |
| 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DECKSTT
| 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 | — |
股东权益DECKSTT
| Q4 25 | $2.6B | $27.8B | ||
| Q3 25 | $2.5B | $27.6B | ||
| Q2 25 | $2.5B | $27.3B | ||
| Q1 25 | $2.5B | $26.7B | ||
| Q4 24 | $2.6B | $25.3B | ||
| Q3 24 | $2.2B | $25.8B | ||
| Q2 24 | $2.1B | $24.8B | ||
| Q1 24 | $2.1B | $24.4B |
总资产DECKSTT
| Q4 25 | $4.1B | $366.0B | ||
| Q3 25 | $3.8B | $371.1B | ||
| Q2 25 | $3.8B | $376.7B | ||
| Q1 25 | $3.6B | $372.7B | ||
| Q4 24 | $4.0B | $353.2B | ||
| Q3 24 | $3.4B | $338.5B | ||
| Q2 24 | $3.3B | $325.6B | ||
| Q1 24 | $3.1B | $338.0B |
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 | $10.0B |
| 自由现金流经营现金流 - 资本支出 | $1.0B | $9.8B |
| 自由现金流率自由现金流/营收 | 52.1% | 266.6% |
| 资本支出强度资本支出/营收 | 1.1% | 7.3% |
| 现金转化率经营现金流/净利润 | 2.17× | 13.44× |
| 过去12个月自由现金流最近4个季度 | $929.1M | $10.8B |
8季度趋势，按日历期对齐
经营现金流DECKSTT
| Q4 25 | $1.0B | $10.0B | ||
| Q3 25 | $8.1M | $7.9B | ||
| Q2 25 | $36.1M | $-8.4B | ||
| Q1 25 | $-73.0M | $2.4B | ||
| Q4 24 | $1.1B | $-7.4B | ||
| Q3 24 | $-90.5M | $2.7B | ||
| Q2 24 | $112.7M | $-7.6B | ||
| Q1 24 | $-28.7M | $-844.0M |
自由现金流DECKSTT
| Q4 25 | $1.0B | $9.8B | ||
| Q3 25 | $-13.9M | $7.7B | ||
| Q2 25 | $12.2M | $-8.8B | ||
| Q1 25 | $-89.4M | $2.2B | ||
| Q4 24 | $1.1B | $-7.7B | ||
| Q3 24 | $-113.4M | $2.5B | ||
| Q2 24 | $90.1M | $-7.9B | ||
| Q1 24 | $-44.0M | $-1.1B |
自由现金流率DECKSTT
| Q4 25 | 52.1% | 266.6% | ||
| Q3 25 | -1.0% | 216.0% | ||
| Q2 25 | 1.3% | -254.1% | ||
| Q1 25 | -8.8% | 66.1% | ||
| Q4 24 | 58.6% | -225.1% | ||
| Q3 24 | -8.6% | 75.9% | ||
| Q2 24 | 10.9% | -246.2% | ||
| Q1 24 | -4.6% | -34.2% |
资本支出强度DECKSTT
| Q4 25 | 1.1% | 7.3% | ||
| Q3 25 | 1.5% | 6.9% | ||
| Q2 25 | 2.5% | 9.3% | ||
| Q1 25 | 1.6% | 6.9% | ||
| Q4 24 | 1.3% | 7.3% | ||
| Q3 24 | 1.7% | 7.2% | ||
| Q2 24 | 2.7% | 6.7% | ||
| Q1 24 | 1.6% | 7.3% |
现金转化率DECKSTT
| Q4 25 | 2.17× | 13.44× | ||
| Q3 25 | 0.03× | 9.18× | ||
| Q2 25 | 0.26× | -12.18× | ||
| Q1 25 | -0.48× | 3.72× | ||
| Q4 24 | 2.40× | -9.49× | ||
| Q3 24 | -0.37× | 3.71× | ||
| Q2 24 | 0.97× | -10.75× | ||
| Q1 24 | -0.22× | -1.82× |
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% |
STT
| Other | $2.2B | 59% |
| Investment Management | $729.0M | 20% |
| Management Services | $662.0M | 18% |
| Other Fee Revenue | $56.0M | 2% |
| Securities Financing Services | $54.0M | 1% |
