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Deckers Brands（DECK）与微博公司（WB）财务数据对比。点击上方公司名可切换其他公司
Deckers Brands的季度营收约是微博公司的1.5倍（$2.0B vs $1.3B），微博公司净利率更高（35.7% vs 24.6%，领先11.1%），过去两年Deckers Brands的营收复合增速更高（42.8% vs 22.6%）
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。
微博公司是中国知名的社交网络企业，旗下运营的新浪微博是国内极具影响力的微博客平台，公司总部位于中国北京，为数以亿计的用户提供社交互动、资讯传播、内容创作等多元互联网服务。
DECK vs WB — 直观对比
营收规模更大
DECK
是对方的1.5倍
$1.3B
净利率更高
WB
高出11.1%
24.6%
两年增速更快
DECK
近两年复合增速
22.6%
损益表 — Q3 FY2026 vs Q3 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $2.0B | $1.3B |
| 净利润 | $481.1M | $458.3M |
| 毛利率 | 59.8% | — |
| 营业利润率 | 31.4% | 29.1% |
| 净利率 | 24.6% | 35.7% |
| 营收同比 | 7.1% | — |
| 净利润同比 | 5.3% | — |
| 每股收益（稀释后） | $3.33 | — |
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DECKWB
| Q4 25 | $2.0B | — | ||
| Q3 25 | $1.4B | $1.3B | ||
| Q2 25 | $964.5M | $841.7M | ||
| Q1 25 | $1.0B | $396.9M | ||
| Q4 24 | $1.8B | — | ||
| Q3 24 | $1.3B | $1.3B | ||
| Q2 24 | $825.3M | $833.4M | ||
| Q1 24 | $959.8M | $395.5M |
净利润DECKWB
| Q4 25 | $481.1M | — | ||
| Q3 25 | $268.2M | $458.3M | ||
| Q2 25 | $139.2M | $234.8M | ||
| Q1 25 | $151.4M | $108.1M | ||
| Q4 24 | $456.7M | — | ||
| Q3 24 | $242.3M | $297.4M | ||
| Q2 24 | $115.6M | $164.6M | ||
| Q1 24 | $127.5M | $51.1M |
毛利率DECKWB
| 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% | — | ||
| Q1 24 | 56.2% | — |
营业利润率DECKWB
| Q4 25 | 31.4% | — | ||
| Q3 25 | 22.8% | 29.1% | ||
| Q2 25 | 17.1% | 30.4% | ||
| Q1 25 | 17.0% | 27.8% | ||
| Q4 24 | 31.0% | — | ||
| Q3 24 | 23.3% | 29.0% | ||
| Q2 24 | 16.1% | 28.2% | ||
| Q1 24 | 15.0% | 25.2% |
净利率DECKWB
| Q4 25 | 24.6% | — | ||
| Q3 25 | 18.7% | 35.7% | ||
| Q2 25 | 14.4% | 27.9% | ||
| Q1 25 | 14.8% | 27.2% | ||
| Q4 24 | 25.0% | — | ||
| Q3 24 | 18.5% | 22.9% | ||
| Q2 24 | 14.0% | 19.8% | ||
| Q1 24 | 13.3% | 12.9% |
每股收益（稀释后）DECKWB
| Q4 25 | $3.33 | — | ||
| Q3 25 | $1.82 | — | ||
| Q2 25 | $0.93 | — | ||
| Q1 25 | $-2.78 | — | ||
| Q4 24 | $3.00 | — | ||
| Q3 24 | $1.59 | — | ||
| Q2 24 | $4.52 | — | ||
| Q1 24 | $4.82 | — |
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 | $1.1B |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $2.6B | $3.9B |
| 总资产 | $4.1B | $6.9B |
| 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DECKWB
| Q4 25 | $2.1B | — | ||
| Q3 25 | $1.4B | $1.1B | ||
| Q2 25 | $1.7B | $1.2B | ||
| Q1 25 | $1.9B | $1.2B | ||
| Q4 24 | $2.2B | — | ||
| Q3 24 | $1.2B | — | ||
| Q2 24 | $1.4B | $1.9B | ||
| Q1 24 | $1.5B | $2.1B |
股东权益DECKWB
| Q4 25 | $2.6B | — | ||
| Q3 25 | $2.5B | $3.9B | ||
| Q2 25 | $2.5B | $3.6B | ||
| Q1 25 | $2.5B | $3.5B | ||
| Q4 24 | $2.6B | — | ||
| Q3 24 | $2.2B | — | ||
| Q2 24 | $2.1B | $3.4B | ||
| Q1 24 | $2.1B | $3.3B |
总资产DECKWB
| Q4 25 | $4.1B | — | ||
| Q3 25 | $3.8B | $6.9B | ||
| Q2 25 | $3.8B | $6.5B | ||
| Q1 25 | $3.6B | $6.7B | ||
| Q4 24 | $4.0B | — | ||
| Q3 24 | $3.4B | — | ||
| Q2 24 | $3.3B | $7.1B | ||
| Q1 24 | $3.1B | $7.3B |
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DECKWB
| Q4 25 | $1.0B | — | ||
| Q3 25 | $8.1M | — | ||
| Q2 25 | $36.1M | — | ||
| Q1 25 | $-73.0M | — | ||
| Q4 24 | $1.1B | — | ||
| Q3 24 | $-90.5M | — | ||
| Q2 24 | $112.7M | — | ||
| Q1 24 | $-28.7M | — |
自由现金流DECKWB
| 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 | — | ||
| Q1 24 | $-44.0M | — |
自由现金流率DECKWB
| 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% | — | ||
| Q1 24 | -4.6% | — |
资本支出强度DECKWB
| 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% | — | ||
| Q1 24 | 1.6% | — |
现金转化率DECKWB
| Q4 25 | 2.17× | — | ||
| Q3 25 | 0.03× | — | ||
| Q2 25 | 0.26× | — | ||
| Q1 25 | -0.48× | — | ||
| Q4 24 | 2.40× | — | ||
| Q3 24 | -0.37× | — | ||
| Q2 24 | 0.97× | — | ||
| Q1 24 | -0.22× | — |
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% |
WB
| Income from operations | $373.2M | 29% |
| Shares used in computing diluted net income per share attributable to Weibos shareholders | $268.1M | 21% |
| Shares used in computing basic net income per share attributable to Weibos shareholders | $238.6M | 19% |
| Value-added services | $186.1M | 14% |
| Less: Income tax expenses | $113.2M | 9% |
| Investment related income, net | $45.0M | 4% |
| Product development | $16.7M | 1% |
| General and administrative | $10.6M | 1% |
| Sales and marketing | $7.1M | 1% |
| Accretion to redeemable non-controlling interests | $3.0M | 0% |
