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Deckers Brands（DECK）与TransDigm Group（TDG）财务数据对比。点击上方公司名可切换其他公司
TransDigm Group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 19.5%，领先5.1%），TransDigm Group同比增速更快（13.9% vs 7.1%），Deckers Brands自由现金流更多（$1.0B vs $772.0M），过去两年Deckers Brands的营收复合增速更高（42.8% vs 9.1%）
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。
TransDigm Group是总部位于美国俄亥俄州克利夫兰的上市航空航天制造企业，1993年由私募股权机构通过杠杆收购整合四家工业航空企业组建而成。公司专注于研发生产定制化航空航天部件，多年来通过多起收购持续拓展自身产品矩阵。
DECK vs TDG — 直观对比
营收规模更大
TDG
是对方的1.2倍
$2.0B
营收增速更快
TDG
高出6.8%
7.1%
净利率更高
DECK
高出5.1%
19.5%
自由现金流更多
DECK
多$248.3M
$772.0M
两年增速更快
DECK
近两年复合增速
9.1%
损益表 — Q3 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $2.0B | $2.3B |
| 净利润 | $481.1M | $445.0M |
| 毛利率 | 59.8% | 59.2% |
| 营业利润率 | 31.4% | 45.6% |
| 净利率 | 24.6% | 19.5% |
| 营收同比 | 7.1% | 13.9% |
| 净利润同比 | 5.3% | -9.7% |
| 每股收益（稀释后） | $3.33 | $6.62 |
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DECKTDG
| Q4 25 | $2.0B | $2.3B | ||
| Q3 25 | $1.4B | $2.4B | ||
| Q2 25 | $964.5M | $2.2B | ||
| Q1 25 | $1.0B | $2.1B | ||
| Q4 24 | $1.8B | $2.0B | ||
| Q3 24 | $1.3B | $2.2B | ||
| Q2 24 | $825.3M | $2.0B | ||
| Q1 24 | $959.8M | $1.9B |
净利润DECKTDG
| Q4 25 | $481.1M | $445.0M | ||
| Q3 25 | $268.2M | $610.0M | ||
| Q2 25 | $139.2M | $492.0M | ||
| Q1 25 | $151.4M | $479.0M | ||
| Q4 24 | $456.7M | $493.0M | ||
| Q3 24 | $242.3M | $468.0M | ||
| Q2 24 | $115.6M | $461.0M | ||
| Q1 24 | $127.5M | $403.0M |
毛利率DECKTDG
| Q4 25 | 59.8% | 59.2% | ||
| Q3 25 | 56.2% | 60.3% | ||
| Q2 25 | 55.8% | 59.5% | ||
| Q1 25 | 56.7% | 59.3% | ||
| Q4 24 | 60.3% | 61.6% | ||
| Q3 24 | 55.9% | 57.5% | ||
| Q2 24 | 56.9% | 59.6% | ||
| Q1 24 | 56.2% | 60.0% |
营业利润率DECKTDG
| Q4 25 | 31.4% | 45.6% | ||
| Q3 25 | 22.8% | 47.6% | ||
| Q2 25 | 17.1% | 46.4% | ||
| Q1 25 | 17.0% | 46.1% | ||
| Q4 24 | 31.0% | 48.6% | ||
| Q3 24 | 23.3% | 43.1% | ||
| Q2 24 | 16.1% | 45.7% | ||
| Q1 24 | 15.0% | 45.2% |
净利率DECKTDG
| Q4 25 | 24.6% | 19.5% | ||
| Q3 25 | 18.7% | 25.0% | ||
| Q2 25 | 14.4% | 22.0% | ||
| Q1 25 | 14.8% | 22.3% | ||
| Q4 24 | 25.0% | 24.6% | ||
| Q3 24 | 18.5% | 21.4% | ||
| Q2 24 | 14.0% | 22.5% | ||
| Q1 24 | 13.3% | 21.0% |
每股收益（稀释后）DECKTDG
| Q4 25 | $3.33 | $6.62 | ||
| Q3 25 | $1.82 | $7.75 | ||
| Q2 25 | $0.93 | $8.47 | ||
| Q1 25 | $-2.78 | $8.24 | ||
| Q4 24 | $3.00 | $7.62 | ||
| Q3 24 | $1.59 | $5.82 | ||
| Q2 24 | $4.52 | $7.96 | ||
| Q1 24 | $4.82 | $6.97 |
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 | $2.5B |
| 总债务越低越好 | — | $29.2B |
| 股东权益账面价值 | $2.6B | $-9.3B |
| 总资产 | $4.1B | $23.8B |
| 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DECKTDG
| Q4 25 | $2.1B | $2.5B | ||
| Q3 25 | $1.4B | $2.8B | ||
| Q2 25 | $1.7B | $2.8B | ||
| Q1 25 | $1.9B | $2.4B | ||
| Q4 24 | $2.2B | $2.5B | ||
| Q3 24 | $1.2B | $6.3B | ||
| Q2 24 | $1.4B | $3.4B | ||
| Q1 24 | $1.5B | $4.3B |
总债务DECKTDG
| Q4 25 | — | $29.2B | ||
| Q3 25 | — | $29.2B | ||
| Q2 25 | — | $24.3B | ||
| Q1 25 | — | $24.3B | ||
| Q4 24 | — | $24.3B | ||
| Q3 24 | — | $24.3B | ||
| Q2 24 | — | $21.4B | ||
| Q1 24 | — | $21.3B |
股东权益DECKTDG
| Q4 25 | $2.6B | $-9.3B | ||
| Q3 25 | $2.5B | $-9.7B | ||
| Q2 25 | $2.5B | $-5.0B | ||
| Q1 25 | $2.5B | $-5.7B | ||
| Q4 24 | $2.6B | $-6.3B | ||
| Q3 24 | $2.2B | $-6.3B | ||
| Q2 24 | $2.1B | $-2.5B | ||
| Q1 24 | $2.1B | $-3.0B |
总资产DECKTDG
| Q4 25 | $4.1B | $23.8B | ||
| Q3 25 | $3.8B | $22.9B | ||
| Q2 25 | $3.8B | $22.7B | ||
| Q1 25 | $3.6B | $21.9B | ||
| Q4 24 | $4.0B | $21.5B | ||
| Q3 24 | $3.4B | $25.6B | ||
| Q2 24 | $3.3B | $21.8B | ||
| Q1 24 | $3.1B | $21.6B |
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 | $832.0M |
| 自由现金流经营现金流 - 资本支出 | $1.0B | $772.0M |
| 自由现金流率自由现金流/营收 | 52.1% | 33.8% |
| 资本支出强度资本支出/营收 | 1.1% | 2.6% |
| 现金转化率经营现金流/净利润 | 2.17× | 1.87× |
| 过去12个月自由现金流最近4个季度 | $929.1M | $1.9B |
8季度趋势，按日历期对齐
经营现金流DECKTDG
| Q4 25 | $1.0B | $832.0M | ||
| Q3 25 | $8.1M | $507.0M | ||
| Q2 25 | $36.1M | $631.0M | ||
| Q1 25 | $-73.0M | $148.0M | ||
| Q4 24 | $1.1B | $752.0M | ||
| Q3 24 | $-90.5M | $572.0M | ||
| Q2 24 | $112.7M | $608.0M | ||
| Q1 24 | $-28.7M | $229.0M |
自由现金流DECKTDG
| Q4 25 | $1.0B | $772.0M | ||
| Q3 25 | $-13.9M | $441.0M | ||
| Q2 25 | $12.2M | $573.0M | ||
| Q1 25 | $-89.4M | $92.0M | ||
| Q4 24 | $1.1B | $710.0M | ||
| Q3 24 | $-113.4M | $531.0M | ||
| Q2 24 | $90.1M | $568.0M | ||
| Q1 24 | $-44.0M | $181.0M |
自由现金流率DECKTDG
| Q4 25 | 52.1% | 33.8% | ||
| Q3 25 | -1.0% | 18.1% | ||
| Q2 25 | 1.3% | 25.6% | ||
| Q1 25 | -8.8% | 4.3% | ||
| Q4 24 | 58.6% | 35.4% | ||
| Q3 24 | -8.6% | 24.3% | ||
| Q2 24 | 10.9% | 27.8% | ||
| Q1 24 | -4.6% | 9.4% |
资本支出强度DECKTDG
| Q4 25 | 1.1% | 2.6% | ||
| Q3 25 | 1.5% | 2.7% | ||
| Q2 25 | 2.5% | 2.6% | ||
| Q1 25 | 1.6% | 2.6% | ||
| Q4 24 | 1.3% | 2.1% | ||
| Q3 24 | 1.7% | 1.9% | ||
| Q2 24 | 2.7% | 2.0% | ||
| Q1 24 | 1.6% | 2.5% |
现金转化率DECKTDG
| Q4 25 | 2.17× | 1.87× | ||
| Q3 25 | 0.03× | 0.83× | ||
| Q2 25 | 0.26× | 1.28× | ||
| Q1 25 | -0.48× | 0.31× | ||
| Q4 24 | 2.40× | 1.53× | ||
| Q3 24 | -0.37× | 1.22× | ||
| Q2 24 | 0.97× | 1.32× | ||
| Q1 24 | -0.22× | 0.57× |
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% |
TDG
| Airframe | $1.0B | 45% |
| Defense | $603.0M | 26% |
| Commercial Aftermarket | $368.0M | 16% |
| Commercial OEM | $253.0M | 11% |
| Non Aviation Related Business | $40.0M | 2% |
