vs
Deckers Brands（DECK）与环联（TRU）财务数据对比。点击上方公司名可切换其他公司
Deckers Brands的季度营收约是环联的1.6倍（$2.0B vs $1.2B），Deckers Brands净利率更高（24.6% vs 9.6%，领先14.9%），环联同比增速更快（13.7% vs 7.1%），过去两年Deckers Brands的营收复合增速更高（42.8% vs 9.4%）
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。
环联是美国知名消费者信用报告机构，与益博睿、艾奎法克斯并列美国三大征信机构，总部位于伊利诺伊州芝加哥。目前其业务覆盖30余个国家，累计收集超10亿消费者的信用信息，持有美国几乎所有有信用记录消费者的超2亿份档案，服务超6.5万家企业客户，2014年营收达13亿美元。
DECK vs TRU — 直观对比
营收规模更大
DECK
是对方的1.6倍
$1.2B
营收增速更快
TRU
高出6.6%
7.1%
净利率更高
DECK
高出14.9%
9.6%
两年增速更快
DECK
近两年复合增速
9.4%
损益表 — Q3 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $2.0B | $1.2B |
| 净利润 | $481.1M | $120.0M |
| 毛利率 | 59.8% | — |
| 营业利润率 | 31.4% | 19.7% |
| 净利率 | 24.6% | 9.6% |
| 营收同比 | 7.1% | 13.7% |
| 净利润同比 | 5.3% | -4.0% |
| 每股收益（稀释后） | $3.33 | $0.61 |
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DECKTRU
| Q1 26 | — | $1.2B | ||
| Q4 25 | $2.0B | $1.2B | ||
| Q3 25 | $1.4B | $1.2B | ||
| Q2 25 | $964.5M | $1.1B | ||
| Q1 25 | $1.0B | $1.1B | ||
| Q4 24 | $1.8B | $1.0B | ||
| Q3 24 | $1.3B | $1.1B | ||
| Q2 24 | $825.3M | $1.0B |
净利润DECKTRU
| Q1 26 | — | $120.0M | ||
| Q4 25 | $481.1M | $101.1M | ||
| Q3 25 | $268.2M | $96.6M | ||
| Q2 25 | $139.2M | $109.6M | ||
| Q1 25 | $151.4M | $148.1M | ||
| Q4 24 | $456.7M | $66.3M | ||
| Q3 24 | $242.3M | $68.0M | ||
| Q2 24 | $115.6M | $85.0M |
毛利率DECKTRU
| Q1 26 | — | — | ||
| 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DECKTRU
| Q1 26 | — | 19.7% | ||
| Q4 25 | 31.4% | 17.4% | ||
| Q3 25 | 22.8% | 17.8% | ||
| Q2 25 | 17.1% | 16.9% | ||
| Q1 25 | 17.0% | 23.2% | ||
| Q4 24 | 31.0% | 16.5% | ||
| Q3 24 | 23.3% | 14.4% | ||
| Q2 24 | 16.1% | 17.5% |
净利率DECKTRU
| Q1 26 | — | 9.6% | ||
| Q4 25 | 24.6% | 8.6% | ||
| Q3 25 | 18.7% | 8.3% | ||
| Q2 25 | 14.4% | 9.6% | ||
| Q1 25 | 14.8% | 13.5% | ||
| Q4 24 | 25.0% | 6.4% | ||
| Q3 24 | 18.5% | 6.3% | ||
| Q2 24 | 14.0% | 8.2% |
每股收益（稀释后）DECKTRU
| Q1 26 | — | $0.61 | ||
| Q4 25 | $3.33 | $0.52 | ||
| Q3 25 | $1.82 | $0.49 | ||
| Q2 25 | $0.93 | $0.56 | ||
| Q1 25 | $-2.78 | $0.75 | ||
| Q4 24 | $3.00 | $0.33 | ||
| Q3 24 | $1.59 | $0.35 | ||
| Q2 24 | $4.52 | $0.44 |
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 | $732.5M |
| 总债务越低越好 | — | $5.6B |
| 股东权益账面价值 | $2.6B | $4.9B |
| 总资产 | $4.1B | $12.0B |
| 负债/权益比越低杠杆越低 | — | 1.14× |
8季度趋势，按日历期对齐
现金及短期投资DECKTRU
| Q1 26 | — | $732.5M | ||
| Q4 25 | $2.1B | $856.3M | ||
| Q3 25 | $1.4B | $752.5M | ||
| Q2 25 | $1.7B | $690.0M | ||
| Q1 25 | $1.9B | $612.5M | ||
| Q4 24 | $2.2B | $682.0M | ||
| Q3 24 | $1.2B | $646.0M | ||
| Q2 24 | $1.4B | $545.8M |
总债务DECKTRU
| Q1 26 | — | $5.6B | ||
| Q4 25 | — | $4.9B | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $5.1B | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
股东权益DECKTRU
| Q1 26 | — | $4.9B | ||
| Q4 25 | $2.6B | $4.4B | ||
| Q3 25 | $2.5B | $4.5B | ||
| Q2 25 | $2.5B | $4.5B | ||
| Q1 25 | $2.5B | $4.4B | ||
| Q4 24 | $2.6B | $4.2B | ||
| Q3 24 | $2.2B | $4.2B | ||
| Q2 24 | $2.1B | $4.1B |
总资产DECKTRU
| Q1 26 | — | $12.0B | ||
| Q4 25 | $4.1B | $11.1B | ||
| Q3 25 | $3.8B | $11.1B | ||
| Q2 25 | $3.8B | $11.1B | ||
| Q1 25 | $3.6B | $10.9B | ||
| Q4 24 | $4.0B | $11.0B | ||
| Q3 24 | $3.4B | $11.1B | ||
| Q2 24 | $3.3B | $11.0B |
负债/权益比DECKTRU
| Q1 26 | — | 1.14× | ||
| Q4 25 | — | 1.11× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 1.20× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
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% | 5.2% |
| 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DECKTRU
| Q1 26 | — | — | ||
| Q4 25 | $1.0B | $319.5M | ||
| Q3 25 | $8.1M | $324.3M | ||
| Q2 25 | $36.1M | $291.3M | ||
| Q1 25 | $-73.0M | $52.5M | ||
| Q4 24 | $1.1B | $254.0M | ||
| Q3 24 | $-90.5M | $229.3M | ||
| Q2 24 | $112.7M | $295.2M |
自由现金流DECKTRU
| Q1 26 | — | — | ||
| Q4 25 | $1.0B | $222.8M | ||
| Q3 25 | $-13.9M | $240.4M | ||
| Q2 25 | $12.2M | $214.3M | ||
| Q1 25 | $-89.4M | $-15.9M | ||
| Q4 24 | $1.1B | $136.9M | ||
| Q3 24 | $-113.4M | $161.3M | ||
| Q2 24 | $90.1M | $226.9M |
自由现金流率DECKTRU
| Q1 26 | — | — | ||
| Q4 25 | 52.1% | 19.0% | ||
| Q3 25 | -1.0% | 20.6% | ||
| Q2 25 | 1.3% | 18.8% | ||
| Q1 25 | -8.8% | -1.5% | ||
| Q4 24 | 58.6% | 13.2% | ||
| Q3 24 | -8.6% | 14.9% | ||
| Q2 24 | 10.9% | 21.8% |
资本支出强度DECKTRU
| Q1 26 | — | 5.2% | ||
| Q4 25 | 1.1% | 8.3% | ||
| Q3 25 | 1.5% | 7.2% | ||
| Q2 25 | 2.5% | 6.8% | ||
| Q1 25 | 1.6% | 6.2% | ||
| Q4 24 | 1.3% | 11.3% | ||
| Q3 24 | 1.7% | 6.3% | ||
| Q2 24 | 2.7% | 6.6% |
现金转化率DECKTRU
| Q1 26 | — | — | ||
| Q4 25 | 2.17× | 3.16× | ||
| Q3 25 | 0.03× | 3.36× | ||
| Q2 25 | 0.26× | 2.66× | ||
| Q1 25 | -0.48× | 0.35× | ||
| Q4 24 | 2.40× | 3.83× | ||
| Q3 24 | -0.37× | 3.37× | ||
| Q2 24 | 0.97× | 3.47× |
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% |
TRU
| U.S. Markets | $975.0M | 78% |
| International | $274.0M | 22% |
