vs
Deckers Brands（DECK）与TKO Group Holdings（TKO）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TKO Group Holdings的1.9倍（$2.0B vs $1.0B），Deckers Brands净利率更高（24.6% vs -0.2%，领先24.8%），TKO Group Holdings同比增速更快（61.6% vs 7.1%），过去两年Deckers Brands的营收复合增速更高（42.8% vs 28.4%）
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。
TKO Group Holdings是美国体育及体育娱乐上市企业，成立于2023年9月12日，由奋进集团（Endeavor）子公司、终极格斗冠军赛（UFC）母公司Zuffa与职业摔跤品牌世界摔角娱乐（WWE）合并组建，主营综合格斗、职业摔跤赛事运营及相关娱乐内容业务。
DECK vs TKO — 直观对比
营收规模更大
DECK
是对方的1.9倍
$1.0B
营收增速更快
TKO
高出54.5%
7.1%
净利率更高
DECK
高出24.8%
-0.2%
两年增速更快
DECK
近两年复合增速
28.4%
损益表 — Q3 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $2.0B | $1.0B |
| 净利润 | $481.1M | $-2.4M |
| 毛利率 | 59.8% | — |
| 营业利润率 | 31.4% | 5.5% |
| 净利率 | 24.6% | -0.2% |
| 营收同比 | 7.1% | 61.6% |
| 净利润同比 | 5.3% | -107.7% |
| 每股收益（稀释后） | $3.33 | $-0.07 |
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DECKTKO
| Q4 25 | $2.0B | $1.0B | ||
| Q3 25 | $1.4B | $1.1B | ||
| Q2 25 | $964.5M | $1.3B | ||
| Q1 25 | $1.0B | $1.3B | ||
| Q4 24 | $1.8B | $642.2M | ||
| Q3 24 | $1.3B | $681.3M | ||
| Q2 24 | $825.3M | $851.2M | ||
| Q1 24 | $959.8M | $629.7M |
净利润DECKTKO
| Q4 25 | $481.1M | $-2.4M | ||
| Q3 25 | $268.2M | $41.0M | ||
| Q2 25 | $139.2M | $98.4M | ||
| Q1 25 | $151.4M | $58.4M | ||
| Q4 24 | $456.7M | $31.0M | ||
| Q3 24 | $242.3M | $23.1M | ||
| Q2 24 | $115.6M | $59.1M | ||
| Q1 24 | $127.5M | $-103.8M |
毛利率DECKTKO
| 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DECKTKO
| Q4 25 | 31.4% | 5.5% | ||
| Q3 25 | 22.8% | 15.4% | ||
| Q2 25 | 17.1% | 28.1% | ||
| Q1 25 | 17.0% | 18.7% | ||
| Q4 24 | 31.0% | 15.9% | ||
| Q3 24 | 23.3% | 20.0% | ||
| Q2 24 | 16.1% | 30.0% | ||
| Q1 24 | 15.0% | -33.4% |
净利率DECKTKO
| Q4 25 | 24.6% | -0.2% | ||
| Q3 25 | 18.7% | 3.7% | ||
| Q2 25 | 14.4% | 7.5% | ||
| Q1 25 | 14.8% | 4.6% | ||
| Q4 24 | 25.0% | 4.8% | ||
| Q3 24 | 18.5% | 3.4% | ||
| Q2 24 | 14.0% | 6.9% | ||
| Q1 24 | 13.3% | -16.5% |
每股收益（稀释后）DECKTKO
| Q4 25 | $3.33 | $-0.07 | ||
| Q3 25 | $1.82 | $0.47 | ||
| Q2 25 | $0.93 | $1.17 | ||
| Q1 25 | $-2.78 | $0.69 | ||
| Q4 24 | $3.00 | $0.28 | ||
| Q3 24 | $1.59 | $0.28 | ||
| Q2 24 | $4.52 | $0.72 | ||
| Q1 24 | $4.82 | $-1.26 |
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 | $831.1M |
| 总债务越低越好 | — | $3.8B |
| 股东权益账面价值 | $2.6B | $3.7B |
| 总资产 | $4.1B | $15.5B |
| 负债/权益比越低杠杆越低 | — | 1.01× |
8季度趋势，按日历期对齐
现金及短期投资DECKTKO
| Q4 25 | $2.1B | $831.1M | ||
| Q3 25 | $1.4B | $861.4M | ||
| Q2 25 | $1.7B | $535.1M | ||
| Q1 25 | $1.9B | $470.9M | ||
| Q4 24 | $2.2B | $525.6M | ||
| Q3 24 | $1.2B | $457.4M | ||
| Q2 24 | $1.4B | $277.5M | ||
| Q1 24 | $1.5B | $245.8M |
总债务DECKTKO
| Q4 25 | — | $3.8B | ||
| Q3 25 | — | $3.7B | ||
| Q2 25 | — | $2.7B | ||
| Q1 25 | — | $2.8B | ||
| Q4 24 | — | $2.8B | ||
| Q3 24 | — | $2.7B | ||
| Q2 24 | — | $2.7B | ||
| Q1 24 | — | $2.7B |
股东权益DECKTKO
| Q4 25 | $2.6B | $3.7B | ||
| Q3 25 | $2.5B | $3.8B | ||
| Q2 25 | $2.5B | $4.3B | ||
| Q1 25 | $2.5B | $4.2B | ||
| Q4 24 | $2.6B | $4.1B | ||
| Q3 24 | $2.2B | $4.0B | ||
| Q2 24 | $2.1B | $4.0B | ||
| Q1 24 | $2.1B | $4.0B |
总资产DECKTKO
| Q4 25 | $4.1B | $15.5B | ||
| Q3 25 | $3.8B | $15.5B | ||
| Q2 25 | $3.8B | $15.3B | ||
| Q1 25 | $3.6B | $15.0B | ||
| Q4 24 | $4.0B | $12.7B | ||
| Q3 24 | $3.4B | $12.8B | ||
| Q2 24 | $3.3B | $12.7B | ||
| Q1 24 | $3.1B | $12.7B |
负债/权益比DECKTKO
| Q4 25 | — | 1.01× | ||
| Q3 25 | — | 0.98× | ||
| Q2 25 | — | 0.64× | ||
| Q1 25 | — | 0.66× | ||
| Q4 24 | — | 0.67× | ||
| Q3 24 | — | 0.67× | ||
| Q2 24 | — | 0.68× | ||
| Q1 24 | — | 0.68× |
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 | $309.9M |
| 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DECKTKO
| Q4 25 | $1.0B | $309.9M | ||
| Q3 25 | $8.1M | $416.8M | ||
| Q2 25 | $36.1M | $396.2M | ||
| Q1 25 | $-73.0M | $162.8M | ||
| Q4 24 | $1.1B | $56.8M | ||
| Q3 24 | $-90.5M | $236.5M | ||
| Q2 24 | $112.7M | $230.7M | ||
| Q1 24 | $-28.7M | $59.3M |
自由现金流DECKTKO
| Q4 25 | $1.0B | — | ||
| Q3 25 | $-13.9M | — | ||
| Q2 25 | $12.2M | — | ||
| Q1 25 | $-89.4M | — | ||
| Q4 24 | $1.1B | — | ||
| Q3 24 | $-113.4M | — | ||
| Q2 24 | $90.1M | — | ||
| Q1 24 | $-44.0M | — |
自由现金流率DECKTKO
| Q4 25 | 52.1% | — | ||
| Q3 25 | -1.0% | — | ||
| Q2 25 | 1.3% | — | ||
| Q1 25 | -8.8% | — | ||
| Q4 24 | 58.6% | — | ||
| Q3 24 | -8.6% | — | ||
| Q2 24 | 10.9% | — | ||
| Q1 24 | -4.6% | — |
资本支出强度DECKTKO
| Q4 25 | 1.1% | — | ||
| Q3 25 | 1.5% | — | ||
| Q2 25 | 2.5% | — | ||
| Q1 25 | 1.6% | — | ||
| Q4 24 | 1.3% | — | ||
| Q3 24 | 1.7% | — | ||
| Q2 24 | 2.7% | — | ||
| Q1 24 | 1.6% | — |
现金转化率DECKTKO
| Q4 25 | 2.17× | — | ||
| Q3 25 | 0.03× | 10.16× | ||
| Q2 25 | 0.26× | 4.03× | ||
| Q1 25 | -0.48× | 2.79× | ||
| Q4 24 | 2.40× | 1.83× | ||
| Q3 24 | -0.37× | 10.22× | ||
| Q2 24 | 0.97× | 3.90× | ||
| 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% |
TKO
| World Wrestling Entertainment Segment | $359.6M | 35% |
| IMG Segment | $247.6M | 24% |
| Media Rights Production And Content | $222.6M | 21% |
| Partnerships And Marketing | $93.3M | 9% |
| Live Events And Hospitality | $72.2M | 7% |
| Other | $29.4M | 3% |
| Consumer Products Licensing And Other | $13.2M | 1% |
