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Deckers Brands（DECK）与维蒙特工业（VMI）财务数据对比。点击上方公司名可切换其他公司
Deckers Brands的季度营收约是维蒙特工业的1.9倍（$2.0B vs $1.0B），Deckers Brands净利率更高（24.6% vs 10.5%，领先14.1%），Deckers Brands同比增速更快（7.1% vs 6.2%），过去两年Deckers Brands的营收复合增速更高（42.8% vs -0.5%）
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。
维蒙特工业是美国大型上市制造企业，核心产品包括Valley品牌中心支轴及线性灌溉设备、风电机组支撑结构、照明与交通信号灯杆、钢制公用设施杆塔，在全球农业设备及基建配套领域拥有领先的市场地位和技术优势。
DECK vs VMI — 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0.9%
6.2%
净利率更高
DECK
高出14.1%
10.5%
两年增速更快
DECK
近两年复合增速
-0.5%
损益表 — Q3 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $2.0B | $1.0B |
| 净利润 | $481.1M | $108.0M |
| 毛利率 | 59.8% | 30.8% |
| 营业利润率 | 31.4% | 15.1% |
| 净利率 | 24.6% | 10.5% |
| 营收同比 | 7.1% | 6.2% |
| 净利润同比 | 5.3% | 23.8% |
| 每股收益（稀释后） | $3.33 | $5.51 |
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DECKVMI
| Q1 26 | — | $1.0B | ||
| Q4 25 | $2.0B | $1.0B | ||
| Q3 25 | $1.4B | $1.0B | ||
| Q2 25 | $964.5M | $1.1B | ||
| Q1 25 | $1.0B | $969.3M | ||
| Q4 24 | $1.8B | $1.0B | ||
| Q3 24 | $1.3B | $1.0B | ||
| Q2 24 | $825.3M | $1.0B |
净利润DECKVMI
| Q1 26 | — | $108.0M | ||
| Q4 25 | $481.1M | $168.0M | ||
| Q3 25 | $268.2M | $99.0M | ||
| Q2 25 | $139.2M | $-4.0M | ||
| Q1 25 | $151.4M | $87.3M | ||
| Q4 24 | $456.7M | $77.7M | ||
| Q3 24 | $242.3M | $83.1M | ||
| Q2 24 | $115.6M | $99.7M |
毛利率DECKVMI
| Q1 26 | — | 30.8% | ||
| Q4 25 | 59.8% | 29.8% | ||
| Q3 25 | 56.2% | 30.4% | ||
| Q2 25 | 55.8% | 30.6% | ||
| Q1 25 | 56.7% | 30.0% | ||
| Q4 24 | 60.3% | 30.2% | ||
| Q3 24 | 55.9% | 29.6% | ||
| Q2 24 | 56.9% | 30.8% |
营业利润率DECKVMI
| Q1 26 | — | 15.1% | ||
| Q4 25 | 31.4% | 11.2% | ||
| Q3 25 | 22.8% | 13.5% | ||
| Q2 25 | 17.1% | 2.8% | ||
| Q1 25 | 17.0% | 13.2% | ||
| Q4 24 | 31.0% | 11.6% | ||
| Q3 24 | 23.3% | 12.3% | ||
| Q2 24 | 16.1% | 14.2% |
净利率DECKVMI
| Q1 26 | — | 10.5% | ||
| Q4 25 | 24.6% | 16.2% | ||
| Q3 25 | 18.7% | 9.5% | ||
| Q2 25 | 14.4% | -0.4% | ||
| Q1 25 | 14.8% | 9.0% | ||
| Q4 24 | 25.0% | 7.5% | ||
| Q3 24 | 18.5% | 8.1% | ||
| Q2 24 | 14.0% | 9.6% |
每股收益（稀释后）DECKVMI
| Q1 26 | — | $5.51 | ||
| Q4 25 | $3.33 | $9.02 | ||
| Q3 25 | $1.82 | $4.98 | ||
| Q2 25 | $0.93 | $-1.53 | ||
| Q1 25 | $-2.78 | $4.32 | ||
| Q4 24 | $3.00 | $3.85 | ||
| Q3 24 | $1.59 | $4.11 | ||
| Q2 24 | $4.52 | $4.91 |
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 | $160.2M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $2.6B | $1.7B |
| 总资产 | $4.1B | $3.4B |
| 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DECKVMI
| Q1 26 | — | $160.2M | ||
| Q4 25 | $2.1B | $187.1M | ||
| Q3 25 | $1.4B | $226.1M | ||
| Q2 25 | $1.7B | $208.5M | ||
| Q1 25 | $1.9B | $184.4M | ||
| Q4 24 | $2.2B | $164.3M | ||
| Q3 24 | $1.2B | $200.5M | ||
| Q2 24 | $1.4B | $163.1M |
总债务DECKVMI
| Q1 26 | — | — | ||
| Q4 25 | — | $795.7M | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $730.6M | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
股东权益DECKVMI
| Q1 26 | — | $1.7B | ||
| Q4 25 | $2.6B | $1.6B | ||
| Q3 25 | $2.5B | $1.6B | ||
| Q2 25 | $2.5B | $1.5B | ||
| Q1 25 | $2.5B | $1.6B | ||
| Q4 24 | $2.6B | $1.5B | ||
| Q3 24 | $2.2B | $1.5B | ||
| Q2 24 | $2.1B | $1.5B |
总资产DECKVMI
| Q1 26 | — | $3.4B | ||
| Q4 25 | $4.1B | $3.4B | ||
| Q3 25 | $3.8B | $3.4B | ||
| Q2 25 | $3.8B | $3.3B | ||
| Q1 25 | $3.6B | $3.4B | ||
| Q4 24 | $4.0B | $3.3B | ||
| Q3 24 | $3.4B | $3.5B | ||
| Q2 24 | $3.3B | $3.5B |
负债/权益比DECKVMI
| Q1 26 | — | — | ||
| Q4 25 | — | 0.49× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 0.47× | ||
| 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% | — |
| 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DECKVMI
| Q1 26 | — | — | ||
| Q4 25 | $1.0B | $111.2M | ||
| Q3 25 | $8.1M | $112.5M | ||
| Q2 25 | $36.1M | $167.6M | ||
| Q1 25 | $-73.0M | $65.1M | ||
| Q4 24 | $1.1B | $193.4M | ||
| Q3 24 | $-90.5M | $225.1M | ||
| Q2 24 | $112.7M | $130.8M |
自由现金流DECKVMI
| Q1 26 | — | — | ||
| Q4 25 | $1.0B | $70.4M | ||
| Q3 25 | $-13.9M | $70.6M | ||
| Q2 25 | $12.2M | $135.6M | ||
| Q1 25 | $-89.4M | $34.8M | ||
| Q4 24 | $1.1B | $167.8M | ||
| Q3 24 | $-113.4M | $204.6M | ||
| Q2 24 | $90.1M | $112.5M |
自由现金流率DECKVMI
| Q1 26 | — | — | ||
| Q4 25 | 52.1% | 6.8% | ||
| Q3 25 | -1.0% | 6.7% | ||
| Q2 25 | 1.3% | 12.9% | ||
| Q1 25 | -8.8% | 3.6% | ||
| Q4 24 | 58.6% | 16.2% | ||
| Q3 24 | -8.6% | 20.1% | ||
| Q2 24 | 10.9% | 10.8% |
资本支出强度DECKVMI
| Q1 26 | — | — | ||
| Q4 25 | 1.1% | 3.9% | ||
| Q3 25 | 1.5% | 4.0% | ||
| Q2 25 | 2.5% | 3.0% | ||
| Q1 25 | 1.6% | 3.1% | ||
| Q4 24 | 1.3% | 2.5% | ||
| Q3 24 | 1.7% | 2.0% | ||
| Q2 24 | 2.7% | 1.8% |
现金转化率DECKVMI
| Q1 26 | — | — | ||
| Q4 25 | 2.17× | 0.66× | ||
| Q3 25 | 0.03× | 1.14× | ||
| Q2 25 | 0.26× | — | ||
| Q1 25 | -0.48× | 0.75× | ||
| Q4 24 | 2.40× | 2.49× | ||
| Q3 24 | -0.37× | 2.71× | ||
| Q2 24 | 0.97× | 1.31× |
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% |
VMI
| Infrastructure | $803.2M | 78% |
| Agriculture | $226.0M | 22% |
