vs
Deckers Brands（DECK）与凯旋（TFIN）财务数据对比。点击上方公司名可切换其他公司
凯旋的季度营收约是Deckers Brands的1.2倍（$2.4B vs $2.0B），Deckers Brands净利率更高（24.6% vs 0.3%，领先24.3%），Deckers Brands同比增速更快（7.1% vs 2.6%），过去两年凯旋的营收复合增速更高（377.6% vs 42.8%）
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。
凯旋汽车公司是19至20世纪活跃于英国的汽车与发动机制造企业，品牌起源可追溯到1885年。来自纽伦堡的齐格弗里德·贝特曼在伦敦成立公司，最初从欧洲进口自行车以自有商标销售，次年商标正式定为“凯旋”，1889年开始自主生产自行车。
DECK vs TFIN — 直观对比
营收规模更大
TFIN
是对方的1.2倍
$2.0B
营收增速更快
DECK
高出4.6%
2.6%
净利率更高
DECK
高出24.3%
0.3%
两年增速更快
TFIN
近两年复合增速
42.8%
损益表 — Q3 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $2.0B | $2.4B |
| 净利润 | $481.1M | $6.4M |
| 毛利率 | 59.8% | 86.1% |
| 营业利润率 | 31.4% | — |
| 净利率 | 24.6% | 0.3% |
| 营收同比 | 7.1% | 2.6% |
| 净利润同比 | 5.3% | -66.9% |
| 每股收益（稀释后） | $3.33 | $0.23 |
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DECKTFIN
| Q1 26 | — | $2.4B | ||
| Q4 25 | $2.0B | $120.1M | ||
| Q3 25 | $1.4B | $109.3M | ||
| Q2 25 | $964.5M | $108.1M | ||
| Q1 25 | $1.0B | $101.6M | ||
| Q4 24 | $1.8B | $103.6M | ||
| Q3 24 | $1.3B | $106.2M | ||
| Q2 24 | $825.3M | $105.1M |
净利润DECKTFIN
| Q1 26 | — | $6.4M | ||
| Q4 25 | $481.1M | — | ||
| Q3 25 | $268.2M | $1.7M | ||
| Q2 25 | $139.2M | $4.4M | ||
| Q1 25 | $151.4M | $17.0K | ||
| Q4 24 | $456.7M | $3.8M | ||
| Q3 24 | $242.3M | $5.3M | ||
| Q2 24 | $115.6M | $2.7M |
毛利率DECKTFIN
| Q1 26 | — | 86.1% | ||
| 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% | — |
营业利润率DECKTFIN
| Q1 26 | — | — | ||
| Q4 25 | 31.4% | — | ||
| Q3 25 | 22.8% | 1.2% | ||
| Q2 25 | 17.1% | 7.3% | ||
| Q1 25 | 17.0% | 0.1% | ||
| Q4 24 | 31.0% | 5.6% | ||
| Q3 24 | 23.3% | 5.9% | ||
| Q2 24 | 16.1% | 3.4% |
净利率DECKTFIN
| Q1 26 | — | 0.3% | ||
| Q4 25 | 24.6% | — | ||
| Q3 25 | 18.7% | 1.6% | ||
| Q2 25 | 14.4% | 4.1% | ||
| Q1 25 | 14.8% | 0.0% | ||
| Q4 24 | 25.0% | 3.7% | ||
| Q3 24 | 18.5% | 5.0% | ||
| Q2 24 | 14.0% | 2.6% |
每股收益（稀释后）DECKTFIN
| Q1 26 | — | $0.23 | ||
| Q4 25 | $3.33 | — | ||
| Q3 25 | $1.82 | $0.04 | ||
| Q2 25 | $0.93 | $0.15 | ||
| Q1 25 | $-2.78 | $-0.03 | ||
| Q4 24 | $3.00 | $0.13 | ||
| Q3 24 | $1.59 | $0.19 | ||
| Q2 24 | $4.52 | $0.08 |
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 | $950.7M |
| 总资产 | $4.1B | $6.9B |
| 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DECKTFIN
| Q1 26 | — | — | ||
| Q4 25 | $2.1B | $248.5M | ||
| Q3 25 | $1.4B | $147.2M | ||
| Q2 25 | $1.7B | $282.3M | ||
| Q1 25 | $1.9B | $502.9M | ||
| Q4 24 | $2.2B | $330.1M | ||
| Q3 24 | $1.2B | $489.3M | ||
| Q2 24 | $1.4B | $500.7M |
股东权益DECKTFIN
| Q1 26 | — | $950.7M | ||
| Q4 25 | $2.6B | $941.8M | ||
| Q3 25 | $2.5B | $919.3M | ||
| Q2 25 | $2.5B | $912.4M | ||
| Q1 25 | $2.5B | $893.9M | ||
| Q4 24 | $2.6B | $890.9M | ||
| Q3 24 | $2.2B | $885.8M | ||
| Q2 24 | $2.1B | $874.2M |
总资产DECKTFIN
| Q1 26 | — | $6.9B | ||
| Q4 25 | $4.1B | $6.4B | ||
| Q3 25 | $3.8B | $6.4B | ||
| Q2 25 | $3.8B | $6.5B | ||
| Q1 25 | $3.6B | $6.3B | ||
| Q4 24 | $4.0B | $5.9B | ||
| Q3 24 | $3.4B | $5.9B | ||
| Q2 24 | $3.3B | $5.8B |
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DECKTFIN
| Q1 26 | — | — | ||
| Q4 25 | $1.0B | $67.1M | ||
| Q3 25 | $8.1M | $24.4M | ||
| Q2 25 | $36.1M | $9.8M | ||
| Q1 25 | $-73.0M | $-3.6M | ||
| Q4 24 | $1.1B | $58.5M | ||
| Q3 24 | $-90.5M | $26.6M | ||
| Q2 24 | $112.7M | $21.9M |
自由现金流DECKTFIN
| Q1 26 | — | — | ||
| Q4 25 | $1.0B | — | ||
| Q3 25 | $-13.9M | $22.4M | ||
| Q2 25 | $12.2M | $6.8M | ||
| Q1 25 | $-89.4M | $-7.9M | ||
| Q4 24 | $1.1B | — | ||
| Q3 24 | $-113.4M | $25.8M | ||
| Q2 24 | $90.1M | $-31.9M |
自由现金流率DECKTFIN
| Q1 26 | — | — | ||
| Q4 25 | 52.1% | — | ||
| Q3 25 | -1.0% | 20.5% | ||
| Q2 25 | 1.3% | 6.2% | ||
| Q1 25 | -8.8% | -7.7% | ||
| Q4 24 | 58.6% | — | ||
| Q3 24 | -8.6% | 24.3% | ||
| Q2 24 | 10.9% | -30.3% |
资本支出强度DECKTFIN
| Q1 26 | — | — | ||
| Q4 25 | 1.1% | — | ||
| Q3 25 | 1.5% | 1.8% | ||
| Q2 25 | 2.5% | 2.8% | ||
| Q1 25 | 1.6% | 4.2% | ||
| Q4 24 | 1.3% | — | ||
| Q3 24 | 1.7% | 0.8% | ||
| Q2 24 | 2.7% | 51.1% |
现金转化率DECKTFIN
| Q1 26 | — | — | ||
| Q4 25 | 2.17× | — | ||
| Q3 25 | 0.03× | 14.29× | ||
| Q2 25 | 0.26× | 2.22× | ||
| Q1 25 | -0.48× | -212.82× | ||
| Q4 24 | 2.40× | 15.25× | ||
| Q3 24 | -0.37× | 4.97× | ||
| Q2 24 | 0.97× | 7.95× |
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% |
TFIN
暂无分部数据
