vs
Deckers Brands（DECK）与泰佩思琦（TPR）财务数据对比。点击上方公司名可切换其他公司
泰佩思琦的季度营收约是Deckers Brands的1.3倍（$2.5B vs $2.0B），Deckers Brands净利率更高（24.6% vs 22.4%，领先2.1%），泰佩思琦同比增速更快（14.0% vs 7.1%），泰佩思琦自由现金流更多（$1.0B vs $1.0B），过去两年Deckers Brands的营收复合增速更高（42.8% vs 29.9%）
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。
Tapestry, Inc.是美国知名跨国奢侈品时尚控股企业，旗下拥有Coach、Kate Spade New York、Stuart Weitzman三大标志性生活方式品牌，主营高端手袋、服饰、鞋履、配饰及香水产品，销售渠道覆盖全球线下门店与线上电商平台。
DECK vs TPR — 直观对比
营收规模更大
TPR
是对方的1.3倍
$2.0B
营收增速更快
TPR
高出6.8%
7.1%
净利率更高
DECK
高出2.1%
22.4%
自由现金流更多
TPR
多$17.2M
$1.0B
两年增速更快
DECK
近两年复合增速
29.9%
损益表 — Q3 FY2026 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $2.0B | $2.5B |
| 净利润 | $481.1M | $561.3M |
| 毛利率 | 59.8% | 75.5% |
| 营业利润率 | 31.4% | 28.6% |
| 净利率 | 24.6% | 22.4% |
| 营收同比 | 7.1% | 14.0% |
| 净利润同比 | 5.3% | 80.8% |
| 每股收益（稀释后） | $3.33 | $2.68 |
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DECKTPR
| Q4 25 | $2.0B | $2.5B | ||
| Q3 25 | $1.4B | $1.7B | ||
| Q2 25 | $964.5M | $1.7B | ||
| Q1 25 | $1.0B | $1.6B | ||
| Q4 24 | $1.8B | $2.2B | ||
| Q3 24 | $1.3B | $1.5B | ||
| Q2 24 | $825.3M | $1.6B | ||
| Q1 24 | $959.8M | $1.5B |
净利润DECKTPR
| Q4 25 | $481.1M | $561.3M | ||
| Q3 25 | $268.2M | $274.8M | ||
| Q2 25 | $139.2M | $-517.1M | ||
| Q1 25 | $151.4M | $203.3M | ||
| Q4 24 | $456.7M | $310.4M | ||
| Q3 24 | $242.3M | $186.6M | ||
| Q2 24 | $115.6M | $159.3M | ||
| Q1 24 | $127.5M | $139.4M |
毛利率DECKTPR
| Q4 25 | 59.8% | 75.5% | ||
| Q3 25 | 56.2% | 76.3% | ||
| Q2 25 | 55.8% | 76.3% | ||
| Q1 25 | 56.7% | 76.1% | ||
| Q4 24 | 60.3% | 74.4% | ||
| Q3 24 | 55.9% | 75.3% | ||
| Q2 24 | 56.9% | 74.9% | ||
| Q1 24 | 56.2% | 74.7% |
营业利润率DECKTPR
| Q4 25 | 31.4% | 28.6% | ||
| Q3 25 | 22.8% | 19.3% | ||
| Q2 25 | 17.1% | -33.9% | ||
| Q1 25 | 17.0% | 16.0% | ||
| Q4 24 | 31.0% | 22.4% | ||
| Q3 24 | 23.3% | 16.7% | ||
| Q2 24 | 16.1% | 14.8% | ||
| Q1 24 | 15.0% | 13.8% |
净利率DECKTPR
| Q4 25 | 24.6% | 22.4% | ||
| Q3 25 | 18.7% | 16.1% | ||
| Q2 25 | 14.4% | -30.0% | ||
| Q1 25 | 14.8% | 12.8% | ||
| Q4 24 | 25.0% | 14.1% | ||
| Q3 24 | 18.5% | 12.4% | ||
| Q2 24 | 14.0% | 10.0% | ||
| Q1 24 | 13.3% | 9.4% |
每股收益（稀释后）DECKTPR
| Q4 25 | $3.33 | $2.68 | ||
| Q3 25 | $1.82 | $1.28 | ||
| Q2 25 | $0.93 | $-2.30 | ||
| Q1 25 | $-2.78 | $0.95 | ||
| Q4 24 | $3.00 | $1.38 | ||
| Q3 24 | $1.59 | $0.79 | ||
| Q2 24 | $4.52 | $0.67 | ||
| Q1 24 | $4.82 | $0.60 |
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 | $1.1B |
| 总债务越低越好 | — | $2.4B |
| 股东权益账面价值 | $2.6B | $551.2M |
| 总资产 | $4.1B | $6.5B |
| 负债/权益比越低杠杆越低 | — | 4.32× |
8季度趋势，按日历期对齐
现金及短期投资DECKTPR
| Q4 25 | $2.1B | $1.1B | ||
| Q3 25 | $1.4B | $743.2M | ||
| Q2 25 | $1.7B | $1.1B | ||
| Q1 25 | $1.9B | $1.1B | ||
| Q4 24 | $2.2B | $1.0B | ||
| Q3 24 | $1.2B | $7.3B | ||
| Q2 24 | $1.4B | $7.2B | ||
| Q1 24 | $1.5B | $7.4B |
总债务DECKTPR
| Q4 25 | — | $2.4B | ||
| Q3 25 | — | $2.4B | ||
| Q2 25 | — | $2.4B | ||
| Q1 25 | — | $2.4B | ||
| Q4 24 | — | $2.4B | ||
| Q3 24 | — | $7.0B | ||
| Q2 24 | — | $6.9B | ||
| Q1 24 | — | $7.7B |
股东权益DECKTPR
| Q4 25 | $2.6B | $551.2M | ||
| Q3 25 | $2.5B | $399.5M | ||
| Q2 25 | $2.5B | $857.8M | ||
| Q1 25 | $2.5B | $1.5B | ||
| Q4 24 | $2.6B | $1.3B | ||
| Q3 24 | $2.2B | $3.0B | ||
| Q2 24 | $2.1B | $2.9B | ||
| Q1 24 | $2.1B | $2.8B |
总资产DECKTPR
| Q4 25 | $4.1B | $6.5B | ||
| Q3 25 | $3.8B | $6.4B | ||
| Q2 25 | $3.8B | $6.6B | ||
| Q1 25 | $3.6B | $7.3B | ||
| Q4 24 | $4.0B | $7.3B | ||
| Q3 24 | $3.4B | $13.7B | ||
| Q2 24 | $3.3B | $13.4B | ||
| Q1 24 | $3.1B | $13.7B |
负债/权益比DECKTPR
| Q4 25 | — | 4.32× | ||
| Q3 25 | — | 5.95× | ||
| Q2 25 | — | 2.77× | ||
| Q1 25 | — | 1.59× | ||
| Q4 24 | — | 1.78× | ||
| Q3 24 | — | 2.35× | ||
| Q2 24 | — | 2.39× | ||
| Q1 24 | — | 2.77× |
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 | $1.1B |
| 自由现金流经营现金流 - 资本支出 | $1.0B | $1.0B |
| 自由现金流率自由现金流/营收 | 52.1% | 41.5% |
| 资本支出强度资本支出/营收 | 1.1% | 1.7% |
| 现金转化率经营现金流/净利润 | 2.17× | 1.93× |
| 过去12个月自由现金流最近4个季度 | $929.1M | $1.6B |
8季度趋势，按日历期对齐
经营现金流DECKTPR
| Q4 25 | $1.0B | $1.1B | ||
| Q3 25 | $8.1M | $112.6M | ||
| Q2 25 | $36.1M | $446.8M | ||
| Q1 25 | $-73.0M | $144.3M | ||
| Q4 24 | $1.1B | $506.0M | ||
| Q3 24 | $-90.5M | $119.5M | ||
| Q2 24 | $112.7M | $256.0M | ||
| Q1 24 | $-28.7M | $97.8M |
自由现金流DECKTPR
| Q4 25 | $1.0B | $1.0B | ||
| Q3 25 | $-13.9M | $80.2M | ||
| Q2 25 | $12.2M | $411.5M | ||
| Q1 25 | $-89.4M | $113.4M | ||
| Q4 24 | $1.1B | $475.1M | ||
| Q3 24 | $-113.4M | $93.9M | ||
| Q2 24 | $90.1M | $209.8M | ||
| Q1 24 | $-44.0M | $78.8M |
自由现金流率DECKTPR
| Q4 25 | 52.1% | 41.5% | ||
| Q3 25 | -1.0% | 4.7% | ||
| Q2 25 | 1.3% | 23.9% | ||
| Q1 25 | -8.8% | 7.2% | ||
| Q4 24 | 58.6% | 21.6% | ||
| Q3 24 | -8.6% | 6.2% | ||
| Q2 24 | 10.9% | 13.2% | ||
| Q1 24 | -4.6% | 5.3% |
资本支出强度DECKTPR
| Q4 25 | 1.1% | 1.7% | ||
| Q3 25 | 1.5% | 1.9% | ||
| Q2 25 | 2.5% | 2.0% | ||
| Q1 25 | 1.6% | 2.0% | ||
| Q4 24 | 1.3% | 1.4% | ||
| Q3 24 | 1.7% | 1.7% | ||
| Q2 24 | 2.7% | 2.9% | ||
| Q1 24 | 1.6% | 1.3% |
现金转化率DECKTPR
| Q4 25 | 2.17× | 1.93× | ||
| Q3 25 | 0.03× | 0.41× | ||
| Q2 25 | 0.26× | — | ||
| Q1 25 | -0.48× | 0.71× | ||
| Q4 24 | 2.40× | 1.63× | ||
| Q3 24 | -0.37× | 0.64× | ||
| Q2 24 | 0.97× | 1.61× | ||
| Q1 24 | -0.22× | 0.70× |
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% |
TPR
| Coach | $1.4B | 57% |
| Other | $787.0M | 31% |
| Kate Spade Company | $290.0M | 12% |
