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Deckers Brands（DECK）与Toast, Inc.（TOST）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Toast, Inc.的1.2倍（$2.0B vs $1.6B），Deckers Brands净利率更高（24.6% vs 6.2%，领先18.4%），Toast, Inc.同比增速更快（22.0% vs 7.1%），Deckers Brands自由现金流更多（$1.0B vs $178.0M），过去两年Deckers Brands的营收复合增速更高（42.8% vs 23.3%）
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。
Toast, Inc.是总部位于美国马萨诸塞州波士顿的云餐饮管理软件企业，主打基于安卓操作系统研发的一体化销售点（POS）系统，可为餐饮商家提供涵盖收银、订单管理等在内的全场景门店经营解决方案。
DECK vs TOST — 直观对比
营收规模更大
DECK
是对方的1.2倍
$1.6B
营收增速更快
TOST
高出14.9%
7.1%
净利率更高
DECK
高出18.4%
6.2%
自由现金流更多
DECK
多$842.3M
$178.0M
两年增速更快
DECK
近两年复合增速
23.3%
损益表 — Q3 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $2.0B | $1.6B |
| 净利润 | $481.1M | $101.0M |
| 毛利率 | 59.8% | 25.9% |
| 营业利润率 | 31.4% | 5.2% |
| 净利率 | 24.6% | 6.2% |
| 营收同比 | 7.1% | 22.0% |
| 净利润同比 | 5.3% | 215.6% |
| 每股收益（稀释后） | $3.33 | $0.18 |
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DECKTOST
| Q4 25 | $2.0B | $1.6B | ||
| Q3 25 | $1.4B | $1.6B | ||
| Q2 25 | $964.5M | $1.6B | ||
| Q1 25 | $1.0B | $1.3B | ||
| Q4 24 | $1.8B | $1.3B | ||
| Q3 24 | $1.3B | $1.3B | ||
| Q2 24 | $825.3M | $1.2B | ||
| Q1 24 | $959.8M | $1.1B |
净利润DECKTOST
| Q4 25 | $481.1M | $101.0M | ||
| Q3 25 | $268.2M | $105.0M | ||
| Q2 25 | $139.2M | $80.0M | ||
| Q1 25 | $151.4M | $56.0M | ||
| Q4 24 | $456.7M | $32.0M | ||
| Q3 24 | $242.3M | $56.0M | ||
| Q2 24 | $115.6M | $14.0M | ||
| Q1 24 | $127.5M | $-83.0M |
毛利率DECKTOST
| Q4 25 | 59.8% | 25.9% | ||
| Q3 25 | 56.2% | 26.5% | ||
| Q2 25 | 55.8% | 25.3% | ||
| Q1 25 | 56.7% | 25.9% | ||
| Q4 24 | 60.3% | 24.9% | ||
| Q3 24 | 55.9% | 24.7% | ||
| Q2 24 | 56.9% | 23.0% | ||
| Q1 24 | 56.2% | 23.2% |
营业利润率DECKTOST
| Q4 25 | 31.4% | 5.2% | ||
| Q3 25 | 22.8% | 5.1% | ||
| Q2 25 | 17.1% | 5.2% | ||
| Q1 25 | 17.0% | 3.2% | ||
| Q4 24 | 31.0% | 2.5% | ||
| Q3 24 | 23.3% | 2.6% | ||
| Q2 24 | 16.1% | 0.4% | ||
| Q1 24 | 15.0% | -5.2% |
净利率DECKTOST
| Q4 25 | 24.6% | 6.2% | ||
| Q3 25 | 18.7% | 6.4% | ||
| Q2 25 | 14.4% | 5.2% | ||
| Q1 25 | 14.8% | 4.2% | ||
| Q4 24 | 25.0% | 2.4% | ||
| Q3 24 | 18.5% | 4.3% | ||
| Q2 24 | 14.0% | 1.1% | ||
| Q1 24 | 13.3% | -7.7% |
每股收益（稀释后）DECKTOST
| Q4 25 | $3.33 | $0.18 | ||
| Q3 25 | $1.82 | $0.16 | ||
| Q2 25 | $0.93 | $0.13 | ||
| Q1 25 | $-2.78 | $0.09 | ||
| Q4 24 | $3.00 | $0.09 | ||
| Q3 24 | $1.59 | $0.07 | ||
| Q2 24 | $4.52 | $0.02 | ||
| Q1 24 | $4.82 | $-0.15 |
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 | $1.4B |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $2.6B | $2.1B |
| 总资产 | $4.1B | $3.1B |
| 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DECKTOST
| Q4 25 | $2.1B | $1.4B | ||
| Q3 25 | $1.4B | $1.4B | ||
| Q2 25 | $1.7B | $1.2B | ||
| Q1 25 | $1.9B | $1.0B | ||
| Q4 24 | $2.2B | $903.0M | ||
| Q3 24 | $1.2B | $761.0M | ||
| Q2 24 | $1.4B | $691.0M | ||
| Q1 24 | $1.5B | $578.0M |
股东权益DECKTOST
| Q4 25 | $2.6B | $2.1B | ||
| Q3 25 | $2.5B | $2.0B | ||
| Q2 25 | $2.5B | $1.8B | ||
| Q1 25 | $2.5B | $1.7B | ||
| Q4 24 | $2.6B | $1.5B | ||
| Q3 24 | $2.2B | $1.4B | ||
| Q2 24 | $2.1B | $1.3B | ||
| Q1 24 | $2.1B | $1.2B |
总资产DECKTOST
| Q4 25 | $4.1B | $3.1B | ||
| Q3 25 | $3.8B | $3.0B | ||
| Q2 25 | $3.8B | $2.8B | ||
| Q1 25 | $3.6B | $2.6B | ||
| Q4 24 | $4.0B | $2.4B | ||
| Q3 24 | $3.4B | $2.2B | ||
| Q2 24 | $3.3B | $2.2B | ||
| Q1 24 | $3.1B | $2.1B |
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 | $194.0M |
| 自由现金流经营现金流 - 资本支出 | $1.0B | $178.0M |
| 自由现金流率自由现金流/营收 | 52.1% | 10.9% |
| 资本支出强度资本支出/营收 | 1.1% | 1.0% |
| 现金转化率经营现金流/净利润 | 2.17× | 1.92× |
| 过去12个月自由现金流最近4个季度 | $929.1M | $608.0M |
8季度趋势，按日历期对齐
经营现金流DECKTOST
| Q4 25 | $1.0B | $194.0M | ||
| Q3 25 | $8.1M | $165.0M | ||
| Q2 25 | $36.1M | $223.0M | ||
| Q1 25 | $-73.0M | $79.0M | ||
| Q4 24 | $1.1B | $147.0M | ||
| Q3 24 | $-90.5M | $109.0M | ||
| Q2 24 | $112.7M | $124.0M | ||
| Q1 24 | $-28.7M | $-20.0M |
自由现金流DECKTOST
| Q4 25 | $1.0B | $178.0M | ||
| Q3 25 | $-13.9M | $153.0M | ||
| Q2 25 | $12.2M | $208.0M | ||
| Q1 25 | $-89.4M | $69.0M | ||
| Q4 24 | $1.1B | $134.0M | ||
| Q3 24 | $-113.4M | $97.0M | ||
| Q2 24 | $90.1M | $108.0M | ||
| Q1 24 | $-44.0M | $-33.0M |
自由现金流率DECKTOST
| Q4 25 | 52.1% | 10.9% | ||
| Q3 25 | -1.0% | 9.4% | ||
| Q2 25 | 1.3% | 13.4% | ||
| Q1 25 | -8.8% | 5.2% | ||
| Q4 24 | 58.6% | 10.0% | ||
| Q3 24 | -8.6% | 7.4% | ||
| Q2 24 | 10.9% | 8.7% | ||
| Q1 24 | -4.6% | -3.1% |
资本支出强度DECKTOST
| Q4 25 | 1.1% | 1.0% | ||
| Q3 25 | 1.5% | 0.7% | ||
| Q2 25 | 2.5% | 1.0% | ||
| Q1 25 | 1.6% | 0.7% | ||
| Q4 24 | 1.3% | 1.0% | ||
| Q3 24 | 1.7% | 0.9% | ||
| Q2 24 | 2.7% | 1.3% | ||
| Q1 24 | 1.6% | 1.2% |
现金转化率DECKTOST
| Q4 25 | 2.17× | 1.92× | ||
| Q3 25 | 0.03× | 1.57× | ||
| Q2 25 | 0.26× | 2.79× | ||
| Q1 25 | -0.48× | 1.41× | ||
| Q4 24 | 2.40× | 4.59× | ||
| Q3 24 | -0.37× | 1.95× | ||
| Q2 24 | 0.97× | 8.86× | ||
| 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% |
TOST
| Technology Service | $1.3B | 82% |
| License | $256.0M | 16% |
| Product And Professional Services | $43.0M | 3% |
