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Deckers Brands（DECK）与Vulcan Materials Company（VMC）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Vulcan Materials Company的1.0倍（$2.0B vs $1.9B），Deckers Brands净利率更高（24.6% vs 13.2%，领先11.4%），Deckers Brands同比增速更快（7.1% vs 3.2%），Deckers Brands自由现金流更多（$1.0B vs $358.2M），过去两年Deckers Brands的营收复合增速更高（42.8% vs 11.2%）
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。
Vulcan Materials Company是总部位于美国阿拉巴马州伯明翰的企业，主营建筑材料的生产、配送及销售，是美国最大的砂石、碎石、砂类建材生产商，拥有400多处运营网点，雇员约1.2万人，业务覆盖美国22个州、华盛顿特区及墨西哥、加拿大、巴哈马、美属维尔京群岛。
DECK vs VMC — 直观对比
营收规模更大
DECK
是对方的1.0倍
$1.9B
营收增速更快
DECK
高出4.0%
3.2%
净利率更高
DECK
高出11.4%
13.2%
自由现金流更多
DECK
多$662.1M
$358.2M
两年增速更快
DECK
近两年复合增速
11.2%
损益表 — Q3 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $2.0B | $1.9B |
| 净利润 | $481.1M | $252.0M |
| 毛利率 | 59.8% | 25.5% |
| 营业利润率 | 31.4% | 19.8% |
| 净利率 | 24.6% | 13.2% |
| 营收同比 | 7.1% | 3.2% |
| 净利润同比 | 5.3% | -14.2% |
| 每股收益（稀释后） | $3.33 | $1.90 |
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DECKVMC
| Q4 25 | $2.0B | $1.9B | ||
| Q3 25 | $1.4B | $2.3B | ||
| Q2 25 | $964.5M | $2.1B | ||
| Q1 25 | $1.0B | $1.6B | ||
| Q4 24 | $1.8B | $1.9B | ||
| Q3 24 | $1.3B | $2.0B | ||
| Q2 24 | $825.3M | $2.0B | ||
| Q1 24 | $959.8M | $1.5B |
净利润DECKVMC
| Q4 25 | $481.1M | $252.0M | ||
| Q3 25 | $268.2M | $374.9M | ||
| Q2 25 | $139.2M | $320.9M | ||
| Q1 25 | $151.4M | $128.9M | ||
| Q4 24 | $456.7M | $293.6M | ||
| Q3 24 | $242.3M | $207.6M | ||
| Q2 24 | $115.6M | $308.0M | ||
| Q1 24 | $127.5M | $102.7M |
毛利率DECKVMC
| Q4 25 | 59.8% | 25.5% | ||
| Q3 25 | 56.2% | 30.4% | ||
| Q2 25 | 55.8% | 29.7% | ||
| Q1 25 | 56.7% | 22.3% | ||
| Q4 24 | 60.3% | 29.0% | ||
| Q3 24 | 55.9% | 28.2% | ||
| Q2 24 | 56.9% | 29.4% | ||
| Q1 24 | 56.2% | 19.7% |
营业利润率DECKVMC
| Q4 25 | 31.4% | 19.8% | ||
| Q3 25 | 22.8% | 23.7% | ||
| Q2 25 | 17.1% | 22.4% | ||
| Q1 25 | 17.0% | 13.9% | ||
| Q4 24 | 31.0% | 21.6% | ||
| Q3 24 | 23.3% | 16.8% | ||
| Q2 24 | 16.1% | 22.5% | ||
| Q1 24 | 15.0% | 11.2% |
净利率DECKVMC
| Q4 25 | 24.6% | 13.2% | ||
| Q3 25 | 18.7% | 16.4% | ||
| Q2 25 | 14.4% | 15.3% | ||
| Q1 25 | 14.8% | 7.9% | ||
| Q4 24 | 25.0% | 15.8% | ||
| Q3 24 | 18.5% | 10.4% | ||
| Q2 24 | 14.0% | 15.3% | ||
| Q1 24 | 13.3% | 6.6% |
每股收益（稀释后）DECKVMC
| Q4 25 | $3.33 | $1.90 | ||
| Q3 25 | $1.82 | $2.82 | ||
| Q2 25 | $0.93 | $2.42 | ||
| Q1 25 | $-2.78 | $0.97 | ||
| Q4 24 | $3.00 | $2.21 | ||
| Q3 24 | $1.59 | $1.56 | ||
| Q2 24 | $4.52 | $2.31 | ||
| Q1 24 | $4.82 | $0.77 |
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 | $183.3M |
| 总债务越低越好 | — | $4.4B |
| 股东权益账面价值 | $2.6B | $8.5B |
| 总资产 | $4.1B | $16.7B |
| 负债/权益比越低杠杆越低 | — | 0.51× |
8季度趋势，按日历期对齐
现金及短期投资DECKVMC
| Q4 25 | $2.1B | $183.3M | ||
| Q3 25 | $1.4B | $191.3M | ||
| Q2 25 | $1.7B | $347.4M | ||
| Q1 25 | $1.9B | $181.3M | ||
| Q4 24 | $2.2B | $559.7M | ||
| Q3 24 | $1.2B | $433.2M | ||
| Q2 24 | $1.4B | $111.0M | ||
| Q1 24 | $1.5B | $292.4M |
总债务DECKVMC
| Q4 25 | — | $4.4B | ||
| Q3 25 | — | $4.4B | ||
| Q2 25 | — | $4.4B | ||
| Q1 25 | — | $4.9B | ||
| Q4 24 | — | $5.3B | ||
| Q3 24 | — | $3.3B | ||
| Q2 24 | — | $3.3B | ||
| Q1 24 | — | $3.3B |
股东权益DECKVMC
| Q4 25 | $2.6B | $8.5B | ||
| Q3 25 | $2.5B | $8.7B | ||
| Q2 25 | $2.5B | $8.4B | ||
| Q1 25 | $2.5B | $8.1B | ||
| Q4 24 | $2.6B | $8.1B | ||
| Q3 24 | $2.2B | $7.9B | ||
| Q2 24 | $2.1B | $7.7B | ||
| Q1 24 | $2.1B | $7.5B |
总资产DECKVMC
| Q4 25 | $4.1B | $16.7B | ||
| Q3 25 | $3.8B | $17.0B | ||
| Q2 25 | $3.8B | $17.0B | ||
| Q1 25 | $3.6B | $16.7B | ||
| Q4 24 | $4.0B | $17.1B | ||
| Q3 24 | $3.4B | $14.4B | ||
| Q2 24 | $3.3B | $14.2B | ||
| Q1 24 | $3.1B | $13.9B |
负债/权益比DECKVMC
| Q4 25 | — | 0.51× | ||
| Q3 25 | — | 0.50× | ||
| Q2 25 | — | 0.52× | ||
| Q1 25 | — | 0.60× | ||
| Q4 24 | — | 0.65× | ||
| Q3 24 | — | 0.42× | ||
| Q2 24 | — | 0.43× | ||
| Q1 24 | — | 0.44× |
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 | $543.0M |
| 自由现金流经营现金流 - 资本支出 | $1.0B | $358.2M |
| 自由现金流率自由现金流/营收 | 52.1% | 18.7% |
| 资本支出强度资本支出/营收 | 1.1% | 9.7% |
| 现金转化率经营现金流/净利润 | 2.17× | 2.15× |
| 过去12个月自由现金流最近4个季度 | $929.1M | $1.1B |
8季度趋势，按日历期对齐
经营现金流DECKVMC
| Q4 25 | $1.0B | $543.0M | ||
| Q3 25 | $8.1M | $676.8M | ||
| Q2 25 | $36.1M | $341.7M | ||
| Q1 25 | $-73.0M | $251.5M | ||
| Q4 24 | $1.1B | $440.1M | ||
| Q3 24 | $-90.5M | $595.0M | ||
| Q2 24 | $112.7M | $201.1M | ||
| Q1 24 | $-28.7M | $173.4M |
自由现金流DECKVMC
| Q4 25 | $1.0B | $358.2M | ||
| Q3 25 | $-13.9M | $454.8M | ||
| Q2 25 | $12.2M | $238.8M | ||
| Q1 25 | $-89.4M | $83.5M | ||
| Q4 24 | $1.1B | $277.6M | ||
| Q3 24 | $-113.4M | $498.2M | ||
| Q2 24 | $90.1M | $9.7M | ||
| Q1 24 | $-44.0M | $20.6M |
自由现金流率DECKVMC
| Q4 25 | 52.1% | 18.7% | ||
| Q3 25 | -1.0% | 19.8% | ||
| Q2 25 | 1.3% | 11.4% | ||
| Q1 25 | -8.8% | 5.1% | ||
| Q4 24 | 58.6% | 15.0% | ||
| Q3 24 | -8.6% | 24.9% | ||
| Q2 24 | 10.9% | 0.5% | ||
| Q1 24 | -4.6% | 1.3% |
资本支出强度DECKVMC
| Q4 25 | 1.1% | 9.7% | ||
| Q3 25 | 1.5% | 9.7% | ||
| Q2 25 | 2.5% | 4.9% | ||
| Q1 25 | 1.6% | 10.3% | ||
| Q4 24 | 1.3% | 8.8% | ||
| Q3 24 | 1.7% | 4.8% | ||
| Q2 24 | 2.7% | 9.5% | ||
| Q1 24 | 1.6% | 9.9% |
现金转化率DECKVMC
| Q4 25 | 2.17× | 2.15× | ||
| Q3 25 | 0.03× | 1.81× | ||
| Q2 25 | 0.26× | 1.06× | ||
| Q1 25 | -0.48× | 1.95× | ||
| Q4 24 | 2.40× | 1.50× | ||
| Q3 24 | -0.37× | 2.87× | ||
| Q2 24 | 0.97× | 0.65× | ||
| Q1 24 | -0.22× | 1.69× |
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% |
VMC
| Revenue Excluding Freight Delivery | $1.7B | 87% |
| Concrete | $79.6M | 4% |
| Services | $76.3M | 4% |
| Asphalt | $59.9M | 3% |
