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Deckers Brands（DECK）与Vici Properties（VICI）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Vici Properties的1.9倍（$2.0B vs $1.0B），Vici Properties净利率更高（87.0% vs 24.6%，领先62.4%），Deckers Brands同比增速更快（7.1% vs 3.5%），过去两年Deckers Brands的营收复合增速更高（42.8% vs 3.2%）
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。
Vici Properties是总部位于美国纽约的房地产投资信托（REIT），专注于博彩及娱乐类物业。公司成立于2017年，由凯撒娱乐集团破产重组时分拆而来，目前在美加两国持有54家赌场、酒店、赛马场，4座高尔夫球场及38个保龄球馆。
DECK vs VICI — 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
DECK
高出3.6%
3.5%
净利率更高
VICI
高出62.4%
24.6%
两年增速更快
DECK
近两年复合增速
3.2%
损益表 — Q3 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $2.0B | $1.0B |
| 净利润 | $481.1M | $886.0M |
| 毛利率 | 59.8% | — |
| 营业利润率 | 31.4% | — |
| 净利率 | 24.6% | 87.0% |
| 营收同比 | 7.1% | 3.5% |
| 净利润同比 | 5.3% | 60.5% |
| 每股收益（稀释后） | $3.33 | $0.82 |
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DECKVICI
| Q1 26 | — | $1.0B | ||
| Q4 25 | $2.0B | $1.0B | ||
| Q3 25 | $1.4B | $1.0B | ||
| Q2 25 | $964.5M | $1.0B | ||
| Q1 25 | $1.0B | $984.2M | ||
| Q4 24 | $1.8B | $976.1M | ||
| Q3 24 | $1.3B | $964.7M | ||
| Q2 24 | $825.3M | $957.0M |
净利润DECKVICI
| Q1 26 | — | $886.0M | ||
| Q4 25 | $481.1M | $604.8M | ||
| Q3 25 | $268.2M | $762.0M | ||
| Q2 25 | $139.2M | $865.1M | ||
| Q1 25 | $151.4M | $543.6M | ||
| Q4 24 | $456.7M | $614.6M | ||
| Q3 24 | $242.3M | $732.9M | ||
| Q2 24 | $115.6M | $741.3M |
毛利率DECKVICI
| Q1 26 | — | — | ||
| Q4 25 | 59.8% | 99.3% | ||
| Q3 25 | 56.2% | 99.3% | ||
| Q2 25 | 55.8% | 99.3% | ||
| Q1 25 | 56.7% | 99.4% | ||
| Q4 24 | 60.3% | 99.3% | ||
| Q3 24 | 55.9% | 99.3% | ||
| Q2 24 | 56.9% | 99.3% |
营业利润率DECKVICI
| Q1 26 | — | — | ||
| Q4 25 | 31.4% | 60.2% | ||
| Q3 25 | 22.8% | 77.2% | ||
| Q2 25 | 17.1% | 88.3% | ||
| Q1 25 | 17.0% | 55.9% | ||
| Q4 24 | 31.0% | 64.2% | ||
| Q3 24 | 23.3% | 77.4% | ||
| Q2 24 | 16.1% | 79.0% |
净利率DECKVICI
| Q1 26 | — | 87.0% | ||
| Q4 25 | 24.6% | 59.7% | ||
| Q3 25 | 18.7% | 75.6% | ||
| Q2 25 | 14.4% | 86.4% | ||
| Q1 25 | 14.8% | 55.2% | ||
| Q4 24 | 25.0% | 63.0% | ||
| Q3 24 | 18.5% | 76.0% | ||
| Q2 24 | 14.0% | 77.5% |
每股收益（稀释后）DECKVICI
| Q1 26 | — | $0.82 | ||
| Q4 25 | $3.33 | $0.57 | ||
| Q3 25 | $1.82 | $0.71 | ||
| Q2 25 | $0.93 | $0.82 | ||
| Q1 25 | $-2.78 | $0.51 | ||
| Q4 24 | $3.00 | $0.58 | ||
| Q3 24 | $1.59 | $0.70 | ||
| Q2 24 | $4.52 | $0.71 |
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 | $480.2M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $2.6B | $28.6B |
| 总资产 | $4.1B | $47.1B |
| 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DECKVICI
| Q1 26 | — | $480.2M | ||
| Q4 25 | $2.1B | $608.0M | ||
| Q3 25 | $1.4B | $507.5M | ||
| Q2 25 | $1.7B | $233.0M | ||
| Q1 25 | $1.9B | $334.3M | ||
| Q4 24 | $2.2B | $524.6M | ||
| Q3 24 | $1.2B | $355.7M | ||
| Q2 24 | $1.4B | $347.2M |
总债务DECKVICI
| Q1 26 | — | — | ||
| Q4 25 | — | $16.8B | ||
| Q3 25 | — | $16.8B | ||
| Q2 25 | — | $16.9B | ||
| Q1 25 | — | $16.8B | ||
| Q4 24 | — | $16.7B | ||
| Q3 24 | — | $16.7B | ||
| Q2 24 | — | $16.7B |
股东权益DECKVICI
| Q1 26 | — | $28.6B | ||
| Q4 25 | $2.6B | $27.8B | ||
| Q3 25 | $2.5B | $27.7B | ||
| Q2 25 | $2.5B | $27.0B | ||
| Q1 25 | $2.5B | $26.6B | ||
| Q4 24 | $2.6B | $26.5B | ||
| Q3 24 | $2.2B | $26.1B | ||
| Q2 24 | $2.1B | $25.7B |
总资产DECKVICI
| Q1 26 | — | $47.1B | ||
| Q4 25 | $4.1B | $46.7B | ||
| Q3 25 | $3.8B | $46.5B | ||
| Q2 25 | $3.8B | $46.1B | ||
| Q1 25 | $3.6B | $45.5B | ||
| Q4 24 | $4.0B | $45.4B | ||
| Q3 24 | $3.4B | $44.9B | ||
| Q2 24 | $3.3B | $44.5B |
负债/权益比DECKVICI
| Q1 26 | — | — | ||
| Q4 25 | — | 0.60× | ||
| Q3 25 | — | 0.61× | ||
| Q2 25 | — | 0.63× | ||
| Q1 25 | — | 0.63× | ||
| Q4 24 | — | 0.63× | ||
| Q3 24 | — | 0.64× | ||
| Q2 24 | — | 0.65× |
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% | 0.1% |
| 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DECKVICI
| Q1 26 | — | — | ||
| Q4 25 | $1.0B | $691.9M | ||
| Q3 25 | $8.1M | $586.3M | ||
| Q2 25 | $36.1M | $639.9M | ||
| Q1 25 | $-73.0M | $591.9M | ||
| Q4 24 | $1.1B | $644.1M | ||
| Q3 24 | $-90.5M | $579.1M | ||
| Q2 24 | $112.7M | $614.6M |
自由现金流DECKVICI
| Q1 26 | — | — | ||
| 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 | — |
自由现金流率DECKVICI
| Q1 26 | — | — | ||
| 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% | — |
资本支出强度DECKVICI
| Q1 26 | — | 0.1% | ||
| 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% | — |
现金转化率DECKVICI
| Q1 26 | — | — | ||
| Q4 25 | 2.17× | 1.14× | ||
| Q3 25 | 0.03× | 0.77× | ||
| Q2 25 | 0.26× | 0.74× | ||
| Q1 25 | -0.48× | 1.09× | ||
| Q4 24 | 2.40× | 1.05× | ||
| Q3 24 | -0.37× | 0.79× | ||
| Q2 24 | 0.97× | 0.83× |
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% |
VICI
| Other | $330.1M | 32% |
| MGM Master Lease | $193.7M | 19% |
| Caesars Las Vegas Master Lease | $126.4M | 12% |
| MGM Grand/Mandalay Bay Lease | $81.1M | 8% |
| The Venetian Resort Las Vegas Lease | $76.1M | 7% |
| Harrah's NOLA, AC, and Laughlin (3) | $44.6M | 4% |
| Mezzanine loans & preferred equity | $35.6M | 3% |
| Hard Rock Mirage Lease | $23.9M | 2% |
| PENN Master Lease (1) | $20.2M | 2% |
| JACK Entertainment Master Lease | $18.3M | 2% |
| Century Master Lease (excluding Century Canadian Portfolio) | $12.7M | 1% |
| Hard Rock Cincinnati Lease | $12.2M | 1% |
| CNE Gold Strike Lease | $10.6M | 1% |
| EBCI Southern Indiana Lease | $8.6M | 1% |
| Lucky Strike Master Lease | $8.3M | 1% |
| Foundation Master Lease | $6.4M | 1% |
| PURE Master Lease | $4.1M | 0% |
| Century Canadian Portfolio (4) | $3.3M | 0% |
| Senior secured notes | $2.4M | 0% |
