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Deckers Brands（DECK）与惠好（WY）财务数据对比。点击上方公司名可切换其他公司
Deckers Brands的季度营收约是惠好的1.3倍（$2.0B vs $1.5B），Deckers Brands净利率更高（24.6% vs 4.8%，领先19.8%），Deckers Brands同比增速更快（7.1% vs -9.8%），Deckers Brands自由现金流更多（$1.0B vs $-128.0M），过去两年Deckers Brands的营收复合增速更高（42.8% vs -7.4%）
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。
惠好是美国知名林地运营企业，在美国本土持有约1040万英亩林地，同时通过长期许可协议在加拿大管理额外1400万英亩林地。企业拥有逾百年木制品生产历史，目前以房地产投资信托（REIT）模式运营。
DECK vs WY — 直观对比
营收规模更大
DECK
是对方的1.3倍
$1.5B
营收增速更快
DECK
高出16.9%
-9.8%
净利率更高
DECK
高出19.8%
4.8%
自由现金流更多
DECK
多$1.1B
$-128.0M
两年增速更快
DECK
近两年复合增速
-7.4%
损益表 — Q3 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $2.0B | $1.5B |
| 净利润 | $481.1M | $74.0M |
| 毛利率 | 59.8% | 10.4% |
| 营业利润率 | 31.4% | 16.3% |
| 净利率 | 24.6% | 4.8% |
| 营收同比 | 7.1% | -9.8% |
| 净利润同比 | 5.3% | -8.6% |
| 每股收益（稀释后） | $3.33 | $0.11 |
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DECKWY
| Q4 25 | $2.0B | $1.5B | ||
| Q3 25 | $1.4B | $1.7B | ||
| Q2 25 | $964.5M | $1.9B | ||
| Q1 25 | $1.0B | $1.8B | ||
| Q4 24 | $1.8B | $1.7B | ||
| Q3 24 | $1.3B | $1.7B | ||
| Q2 24 | $825.3M | $1.9B | ||
| Q1 24 | $959.8M | $1.8B |
净利润DECKWY
| Q4 25 | $481.1M | $74.0M | ||
| Q3 25 | $268.2M | $80.0M | ||
| Q2 25 | $139.2M | $87.0M | ||
| Q1 25 | $151.4M | $83.0M | ||
| Q4 24 | $456.7M | $81.0M | ||
| Q3 24 | $242.3M | $28.0M | ||
| Q2 24 | $115.6M | $173.0M | ||
| Q1 24 | $127.5M | $114.0M |
毛利率DECKWY
| Q4 25 | 59.8% | 10.4% | ||
| Q3 25 | 56.2% | 11.9% | ||
| Q2 25 | 55.8% | 17.3% | ||
| Q1 25 | 56.7% | 19.0% | ||
| Q4 24 | 60.3% | 17.8% | ||
| Q3 24 | 55.9% | 14.9% | ||
| Q2 24 | 56.9% | 20.8% | ||
| Q1 24 | 56.2% | 19.8% |
营业利润率DECKWY
| Q4 25 | 31.4% | 16.3% | ||
| Q3 25 | 22.8% | 7.2% | ||
| Q2 25 | 17.1% | 9.4% | ||
| Q1 25 | 17.0% | 10.2% | ||
| Q4 24 | 31.0% | 8.3% | ||
| Q3 24 | 23.3% | 4.6% | ||
| Q2 24 | 16.1% | 13.9% | ||
| Q1 24 | 15.0% | 10.9% |
净利率DECKWY
| Q4 25 | 24.6% | 4.8% | ||
| Q3 25 | 18.7% | 4.7% | ||
| Q2 25 | 14.4% | 4.6% | ||
| Q1 25 | 14.8% | 4.7% | ||
| Q4 24 | 25.0% | 4.7% | ||
| Q3 24 | 18.5% | 1.7% | ||
| Q2 24 | 14.0% | 8.9% | ||
| Q1 24 | 13.3% | 6.3% |
每股收益（稀释后）DECKWY
| Q4 25 | $3.33 | $0.11 | ||
| Q3 25 | $1.82 | $0.11 | ||
| Q2 25 | $0.93 | $0.12 | ||
| Q1 25 | $-2.78 | $0.11 | ||
| Q4 24 | $3.00 | $0.10 | ||
| Q3 24 | $1.59 | $0.04 | ||
| Q2 24 | $4.52 | $0.24 | ||
| Q1 24 | $4.82 | $0.16 |
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 | $464.0M |
| 总债务越低越好 | — | $5.6B |
| 股东权益账面价值 | $2.6B | $9.4B |
| 总资产 | $4.1B | $16.6B |
| 负债/权益比越低杠杆越低 | — | 0.59× |
8季度趋势，按日历期对齐
现金及短期投资DECKWY
| Q4 25 | $2.1B | $464.0M | ||
| Q3 25 | $1.4B | $401.0M | ||
| Q2 25 | $1.7B | $592.0M | ||
| Q1 25 | $1.9B | $560.0M | ||
| Q4 24 | $2.2B | $684.0M | ||
| Q3 24 | $1.2B | $877.0M | ||
| Q2 24 | $1.4B | $997.0M | ||
| Q1 24 | $1.5B | $871.0M |
总债务DECKWY
| Q4 25 | — | $5.6B | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $5.1B | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益DECKWY
| Q4 25 | $2.6B | $9.4B | ||
| Q3 25 | $2.5B | $9.4B | ||
| Q2 25 | $2.5B | $9.5B | ||
| Q1 25 | $2.5B | $9.6B | ||
| Q4 24 | $2.6B | $9.7B | ||
| Q3 24 | $2.2B | $9.9B | ||
| Q2 24 | $2.1B | $10.0B | ||
| Q1 24 | $2.1B | $10.1B |
总资产DECKWY
| Q4 25 | $4.1B | $16.6B | ||
| Q3 25 | $3.8B | $16.7B | ||
| Q2 25 | $3.8B | $16.5B | ||
| Q1 25 | $3.6B | $16.5B | ||
| Q4 24 | $4.0B | $16.5B | ||
| Q3 24 | $3.4B | $16.7B | ||
| Q2 24 | $3.3B | $16.8B | ||
| Q1 24 | $3.1B | $16.8B |
负债/权益比DECKWY
| Q4 25 | — | 0.59× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 0.52× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 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 | $-114.0M |
| 自由现金流经营现金流 - 资本支出 | $1.0B | $-128.0M |
| 自由现金流率自由现金流/营收 | 52.1% | -8.3% |
| 资本支出强度资本支出/营收 | 1.1% | 0.9% |
| 现金转化率经营现金流/净利润 | 2.17× | -1.54× |
| 过去12个月自由现金流最近4个季度 | $929.1M | $511.0M |
8季度趋势，按日历期对齐
经营现金流DECKWY
| Q4 25 | $1.0B | $-114.0M | ||
| Q3 25 | $8.1M | $210.0M | ||
| Q2 25 | $36.1M | $396.0M | ||
| Q1 25 | $-73.0M | $70.0M | ||
| Q4 24 | $1.1B | $218.0M | ||
| Q3 24 | $-90.5M | $234.0M | ||
| Q2 24 | $112.7M | $432.0M | ||
| Q1 24 | $-28.7M | $124.0M |
自由现金流DECKWY
| Q4 25 | $1.0B | $-128.0M | ||
| Q3 25 | $-13.9M | $203.0M | ||
| Q2 25 | $12.2M | $388.0M | ||
| Q1 25 | $-89.4M | $48.0M | ||
| Q4 24 | $1.1B | $205.0M | ||
| Q3 24 | $-113.4M | $226.0M | ||
| Q2 24 | $90.1M | $423.0M | ||
| Q1 24 | $-44.0M | $102.0M |
自由现金流率DECKWY
| Q4 25 | 52.1% | -8.3% | ||
| Q3 25 | -1.0% | 11.8% | ||
| Q2 25 | 1.3% | 20.6% | ||
| Q1 25 | -8.8% | 2.7% | ||
| Q4 24 | 58.6% | 12.0% | ||
| Q3 24 | -8.6% | 13.4% | ||
| Q2 24 | 10.9% | 21.8% | ||
| Q1 24 | -4.6% | 5.7% |
资本支出强度DECKWY
| Q4 25 | 1.1% | 0.9% | ||
| Q3 25 | 1.5% | 0.4% | ||
| Q2 25 | 2.5% | 0.4% | ||
| Q1 25 | 1.6% | 1.2% | ||
| Q4 24 | 1.3% | 0.8% | ||
| Q3 24 | 1.7% | 0.5% | ||
| Q2 24 | 2.7% | 0.5% | ||
| Q1 24 | 1.6% | 1.2% |
现金转化率DECKWY
| Q4 25 | 2.17× | -1.54× | ||
| Q3 25 | 0.03× | 2.63× | ||
| Q2 25 | 0.26× | 4.55× | ||
| Q1 25 | -0.48× | 0.84× | ||
| Q4 24 | 2.40× | 2.69× | ||
| Q3 24 | -0.37× | 8.36× | ||
| Q2 24 | 0.97× | 2.50× | ||
| Q1 24 | -0.22× | 1.09× |
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% |
WY
暂无分部数据
