vs
Deckers Brands（DECK）与泰瑞达（TER）财务数据对比。点击上方公司名可切换其他公司
Deckers Brands的季度营收约是泰瑞达的1.8倍（$2.0B vs $1.1B），Deckers Brands净利率更高（24.6% vs 23.7%，领先0.8%），泰瑞达同比增速更快（43.9% vs 7.1%），Deckers Brands自由现金流更多（$1.0B vs $218.8M），过去两年Deckers Brands的营收复合增速更高（42.8% vs 34.4%）
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。
泰瑞达是总部位于美国马萨诸塞州北雷丁的自动测试设备（ATE）设计及制造企业，在全球半导体测试领域拥有深厚技术积累，服务的知名客户涵盖三星、高通、英特尔、亚德诺、德州仪器、IBM等行业头部企业。
DECK vs TER — 直观对比
营收规模更大
DECK
是对方的1.8倍
$1.1B
营收增速更快
TER
高出36.8%
7.1%
净利率更高
DECK
高出0.8%
23.7%
自由现金流更多
DECK
多$801.5M
$218.8M
两年增速更快
DECK
近两年复合增速
34.4%
损益表 — Q3 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $2.0B | $1.1B |
| 净利润 | $481.1M | $257.2M |
| 毛利率 | 59.8% | 57.2% |
| 营业利润率 | 31.4% | 27.1% |
| 净利率 | 24.6% | 23.7% |
| 营收同比 | 7.1% | 43.9% |
| 净利润同比 | 5.3% | 75.9% |
| 每股收益（稀释后） | $3.33 | $1.62 |
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DECKTER
| Q4 25 | $2.0B | $1.1B | ||
| Q3 25 | $1.4B | $769.2M | ||
| Q2 25 | $964.5M | $651.8M | ||
| Q1 25 | $1.0B | $685.7M | ||
| Q4 24 | $1.8B | $752.9M | ||
| Q3 24 | $1.3B | $737.3M | ||
| Q2 24 | $825.3M | $729.9M | ||
| Q1 24 | $959.8M | $599.8M |
净利润DECKTER
| Q4 25 | $481.1M | $257.2M | ||
| Q3 25 | $268.2M | $119.6M | ||
| Q2 25 | $139.2M | $78.4M | ||
| Q1 25 | $151.4M | $98.9M | ||
| Q4 24 | $456.7M | $146.3M | ||
| Q3 24 | $242.3M | $145.6M | ||
| Q2 24 | $115.6M | $186.3M | ||
| Q1 24 | $127.5M | $64.2M |
毛利率DECKTER
| Q4 25 | 59.8% | 57.2% | ||
| Q3 25 | 56.2% | 58.4% | ||
| Q2 25 | 55.8% | 57.2% | ||
| Q1 25 | 56.7% | 60.6% | ||
| Q4 24 | 60.3% | 59.4% | ||
| Q3 24 | 55.9% | 59.2% | ||
| Q2 24 | 56.9% | 58.3% | ||
| Q1 24 | 56.2% | 56.6% |
营业利润率DECKTER
| Q4 25 | 31.4% | 27.1% | ||
| Q3 25 | 22.8% | 18.9% | ||
| Q2 25 | 17.1% | 13.9% | ||
| Q1 25 | 17.0% | 17.6% | ||
| Q4 24 | 31.0% | 20.4% | ||
| Q3 24 | 23.3% | 20.6% | ||
| Q2 24 | 16.1% | 28.8% | ||
| Q1 24 | 15.0% | 13.0% |
净利率DECKTER
| Q4 25 | 24.6% | 23.7% | ||
| Q3 25 | 18.7% | 15.5% | ||
| Q2 25 | 14.4% | 12.0% | ||
| Q1 25 | 14.8% | 14.4% | ||
| Q4 24 | 25.0% | 19.4% | ||
| Q3 24 | 18.5% | 19.8% | ||
| Q2 24 | 14.0% | 25.5% | ||
| Q1 24 | 13.3% | 10.7% |
每股收益（稀释后）DECKTER
| Q4 25 | $3.33 | $1.62 | ||
| Q3 25 | $1.82 | $0.75 | ||
| Q2 25 | $0.93 | $0.49 | ||
| Q1 25 | $-2.78 | $0.61 | ||
| Q4 24 | $3.00 | $0.89 | ||
| Q3 24 | $1.59 | $0.89 | ||
| Q2 24 | $4.52 | $1.14 | ||
| Q1 24 | $4.82 | $0.40 |
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 | $293.8M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $2.6B | $2.8B |
| 总资产 | $4.1B | $4.2B |
| 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DECKTER
| Q4 25 | $2.1B | $293.8M | ||
| Q3 25 | $1.4B | $272.7M | ||
| Q2 25 | $1.7B | $339.3M | ||
| Q1 25 | $1.9B | $475.6M | ||
| Q4 24 | $2.2B | $553.4M | ||
| Q3 24 | $1.2B | $510.0M | ||
| Q2 24 | $1.4B | $421.9M | ||
| Q1 24 | $1.5B | $707.4M |
股东权益DECKTER
| Q4 25 | $2.6B | $2.8B | ||
| Q3 25 | $2.5B | $2.7B | ||
| Q2 25 | $2.5B | $2.8B | ||
| Q1 25 | $2.5B | $2.8B | ||
| Q4 24 | $2.6B | $2.8B | ||
| Q3 24 | $2.2B | $2.9B | ||
| Q2 24 | $2.1B | $2.7B | ||
| Q1 24 | $2.1B | $2.6B |
总资产DECKTER
| Q4 25 | $4.1B | $4.2B | ||
| Q3 25 | $3.8B | $4.0B | ||
| Q2 25 | $3.8B | $3.8B | ||
| Q1 25 | $3.6B | $3.7B | ||
| Q4 24 | $4.0B | $3.7B | ||
| Q3 24 | $3.4B | $3.8B | ||
| Q2 24 | $3.3B | $3.6B | ||
| Q1 24 | $3.1B | $3.4B |
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 | $281.6M |
| 自由现金流经营现金流 - 资本支出 | $1.0B | $218.8M |
| 自由现金流率自由现金流/营收 | 52.1% | 20.2% |
| 资本支出强度资本支出/营收 | 1.1% | 5.8% |
| 现金转化率经营现金流/净利润 | 2.17× | 1.09× |
| 过去12个月自由现金流最近4个季度 | $929.1M | $450.4M |
8季度趋势，按日历期对齐
经营现金流DECKTER
| Q4 25 | $1.0B | $281.6M | ||
| Q3 25 | $8.1M | $49.0M | ||
| Q2 25 | $36.1M | $182.1M | ||
| Q1 25 | $-73.0M | $161.6M | ||
| Q4 24 | $1.1B | $282.6M | ||
| Q3 24 | $-90.5M | $166.3M | ||
| Q2 24 | $112.7M | $216.1M | ||
| Q1 24 | $-28.7M | $7.3M |
自由现金流DECKTER
| Q4 25 | $1.0B | $218.8M | ||
| Q3 25 | $-13.9M | $2.4M | ||
| Q2 25 | $12.2M | $131.7M | ||
| Q1 25 | $-89.4M | $97.6M | ||
| Q4 24 | $1.1B | $225.2M | ||
| Q3 24 | $-113.4M | $114.4M | ||
| Q2 24 | $90.1M | $171.2M | ||
| Q1 24 | $-44.0M | $-36.7M |
自由现金流率DECKTER
| Q4 25 | 52.1% | 20.2% | ||
| Q3 25 | -1.0% | 0.3% | ||
| Q2 25 | 1.3% | 20.2% | ||
| Q1 25 | -8.8% | 14.2% | ||
| Q4 24 | 58.6% | 29.9% | ||
| Q3 24 | -8.6% | 15.5% | ||
| Q2 24 | 10.9% | 23.5% | ||
| Q1 24 | -4.6% | -6.1% |
资本支出强度DECKTER
| Q4 25 | 1.1% | 5.8% | ||
| Q3 25 | 1.5% | 6.1% | ||
| Q2 25 | 2.5% | 7.7% | ||
| Q1 25 | 1.6% | 9.3% | ||
| Q4 24 | 1.3% | 7.6% | ||
| Q3 24 | 1.7% | 7.0% | ||
| Q2 24 | 2.7% | 6.1% | ||
| Q1 24 | 1.6% | 7.3% |
现金转化率DECKTER
| Q4 25 | 2.17× | 1.09× | ||
| Q3 25 | 0.03× | 0.41× | ||
| Q2 25 | 0.26× | 2.32× | ||
| Q1 25 | -0.48× | 1.63× | ||
| Q4 24 | 2.40× | 1.93× | ||
| Q3 24 | -0.37× | 1.14× | ||
| Q2 24 | 0.97× | 1.16× | ||
| Q1 24 | -0.22× | 0.11× |
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% |
TER
| Soc | $646.5M | 60% |
| Memory | $206.5M | 19% |
| Transferred At Point In Time | $90.0M | 8% |
| Universal Robots | $89.4M | 8% |
| IST | $30.5M | 3% |
| Transferred Over Time | $20.5M | 2% |
