vs
Deckers Brands（DECK）与德事隆（TXT）财务数据对比。点击上方公司名可切换其他公司
德事隆的季度营收约是Deckers Brands的1.9倍（$3.7B vs $2.0B），Deckers Brands净利率更高（24.6% vs 6.0%，领先18.6%），德事隆同比增速更快（11.8% vs 7.1%），过去两年Deckers Brands的营收复合增速更高（42.8% vs 3.8%）
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。
德事隆是总部位于美国罗德岛州普罗维登斯的工业集团，1923年由罗亚尔·利特尔创立，前身为特种纱线公司。旗下拥有贝尔德事隆、考泰斯、德事隆航空、莱康明发动机等子公司，业务覆盖25个国家，2020年员工总数超3.3万人，2021年位列美国财富500强第265位。
DECK vs TXT — 直观对比
营收规模更大
TXT
是对方的1.9倍
$2.0B
营收增速更快
TXT
高出4.6%
7.1%
净利率更高
DECK
高出18.6%
6.0%
两年增速更快
DECK
近两年复合增速
3.8%
损益表 — Q3 FY2026 vs Q1 FY2027
| 指标 | | |
|---|---|---|
| 营收 | $2.0B | $3.7B |
| 净利润 | $481.1M | $220.0M |
| 毛利率 | 59.8% | — |
| 营业利润率 | 31.4% | — |
| 净利率 | 24.6% | 6.0% |
| 营收同比 | 7.1% | 11.8% |
| 净利润同比 | 5.3% | 6.3% |
| 每股收益（稀释后） | $3.33 | $1.25 |
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DECKTXT
| Q1 26 | — | $3.7B | ||
| Q4 25 | $2.0B | $4.2B | ||
| Q3 25 | $1.4B | $3.6B | ||
| Q2 25 | $964.5M | $3.7B | ||
| Q1 25 | $1.0B | $3.3B | ||
| Q4 24 | $1.8B | $3.6B | ||
| Q3 24 | $1.3B | $3.4B | ||
| Q2 24 | $825.3M | — |
净利润DECKTXT
| Q1 26 | — | $220.0M | ||
| Q4 25 | $481.1M | $235.0M | ||
| Q3 25 | $268.2M | $234.0M | ||
| Q2 25 | $139.2M | $245.0M | ||
| Q1 25 | $151.4M | $207.0M | ||
| Q4 24 | $456.7M | $141.0M | ||
| Q3 24 | $242.3M | $223.0M | ||
| Q2 24 | $115.6M | — |
毛利率DECKTXT
| 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DECKTXT
| Q1 26 | — | — | ||
| Q4 25 | 31.4% | — | ||
| Q3 25 | 22.8% | — | ||
| Q2 25 | 17.1% | — | ||
| Q1 25 | 17.0% | — | ||
| Q4 24 | 31.0% | 3.6% | ||
| Q3 24 | 23.3% | 7.4% | ||
| Q2 24 | 16.1% | — |
净利率DECKTXT
| Q1 26 | — | 6.0% | ||
| Q4 25 | 24.6% | 5.6% | ||
| Q3 25 | 18.7% | 6.5% | ||
| Q2 25 | 14.4% | 6.6% | ||
| Q1 25 | 14.8% | 6.3% | ||
| Q4 24 | 25.0% | 3.9% | ||
| Q3 24 | 18.5% | 6.5% | ||
| Q2 24 | 14.0% | — |
每股收益（稀释后）DECKTXT
| Q1 26 | — | $1.25 | ||
| Q4 25 | $3.33 | — | ||
| Q3 25 | $1.82 | — | ||
| Q2 25 | $0.93 | — | ||
| Q1 25 | $-2.78 | $1.13 | ||
| Q4 24 | $3.00 | — | ||
| Q3 24 | $1.59 | — | ||
| Q2 24 | $4.52 | — |
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 | $1.5B |
| 总债务越低越好 | — | $3.5B |
| 股东权益账面价值 | $2.6B | $8.0B |
| 总资产 | $4.1B | $18.1B |
| 负债/权益比越低杠杆越低 | — | 0.43× |
8季度趋势，按日历期对齐
现金及短期投资DECKTXT
| Q1 26 | — | $1.5B | ||
| Q4 25 | $2.1B | — | ||
| Q3 25 | $1.4B | — | ||
| Q2 25 | $1.7B | — | ||
| Q1 25 | $1.9B | — | ||
| Q4 24 | $2.2B | — | ||
| Q3 24 | $1.2B | — | ||
| Q2 24 | $1.4B | — |
总债务DECKTXT
| Q1 26 | — | $3.5B | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
股东权益DECKTXT
| Q1 26 | — | $8.0B | ||
| Q4 25 | $2.6B | — | ||
| Q3 25 | $2.5B | $7.5B | ||
| Q2 25 | $2.5B | $7.4B | ||
| Q1 25 | $2.5B | $7.3B | ||
| Q4 24 | $2.6B | $7.2B | ||
| Q3 24 | $2.2B | $7.0B | ||
| Q2 24 | $2.1B | — |
总资产DECKTXT
| Q1 26 | — | $18.1B | ||
| Q4 25 | $4.1B | — | ||
| Q3 25 | $3.8B | $17.4B | ||
| Q2 25 | $3.8B | $17.1B | ||
| Q1 25 | $3.6B | $16.9B | ||
| Q4 24 | $4.0B | $16.8B | ||
| Q3 24 | $3.4B | $16.5B | ||
| Q2 24 | $3.3B | — |
负债/权益比DECKTXT
| Q1 26 | — | 0.43× | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| 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% | 3.6% |
| 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DECKTXT
| Q1 26 | — | — | ||
| Q4 25 | $1.0B | $700.0M | ||
| Q3 25 | $8.1M | $349.0M | ||
| Q2 25 | $36.1M | $387.0M | ||
| Q1 25 | $-73.0M | $-124.0M | ||
| Q4 24 | $1.1B | $446.0M | ||
| Q3 24 | $-90.5M | $208.0M | ||
| Q2 24 | $112.7M | — |
自由现金流DECKTXT
| Q1 26 | — | — | ||
| Q4 25 | $1.0B | $527.0M | ||
| Q3 25 | $-13.9M | $273.0M | ||
| Q2 25 | $12.2M | $309.0M | ||
| Q1 25 | $-89.4M | $-180.0M | ||
| Q4 24 | $1.1B | $293.0M | ||
| Q3 24 | $-113.4M | $137.0M | ||
| Q2 24 | $90.1M | — |
自由现金流率DECKTXT
| Q1 26 | — | — | ||
| Q4 25 | 52.1% | 12.6% | ||
| Q3 25 | -1.0% | 7.6% | ||
| Q2 25 | 1.3% | 8.3% | ||
| Q1 25 | -8.8% | -5.4% | ||
| Q4 24 | 58.6% | 8.1% | ||
| Q3 24 | -8.6% | 4.0% | ||
| Q2 24 | 10.9% | — |
资本支出强度DECKTXT
| Q1 26 | — | 3.6% | ||
| Q4 25 | 1.1% | 4.1% | ||
| Q3 25 | 1.5% | 2.1% | ||
| Q2 25 | 2.5% | 2.1% | ||
| Q1 25 | 1.6% | 1.7% | ||
| Q4 24 | 1.3% | 4.2% | ||
| Q3 24 | 1.7% | 2.1% | ||
| Q2 24 | 2.7% | — |
现金转化率DECKTXT
| Q1 26 | — | — | ||
| Q4 25 | 2.17× | 2.98× | ||
| Q3 25 | 0.03× | 1.49× | ||
| Q2 25 | 0.26× | 1.58× | ||
| Q1 25 | -0.48× | -0.60× | ||
| Q4 24 | 2.40× | 3.16× | ||
| Q3 24 | -0.37× | 0.93× | ||
| Q2 24 | 0.97× | — |
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% |
TXT
| Textron Aviation (a) | $1.5B | 40% |
| Bell | $1.1B | 29% |
| Industrial | $786.0M | 21% |
| Textron Systems (a) | $338.0M | 9% |
| FINANCE | $16.0M | 0% |
