vs
Deckers Brands（DECK）与施乐（XRX）财务数据对比。点击上方公司名可切换其他公司
Deckers Brands的季度营收约是施乐的1.1倍（$2.0B vs $1.8B），Deckers Brands净利率更高（24.6% vs -5.7%，领先30.3%），施乐同比增速更快（26.7% vs 7.1%），Deckers Brands自由现金流更多（$1.0B vs $-165.0M），过去两年Deckers Brands的营收复合增速更高（42.8% vs 8.2%）
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。
施乐控股是源自美国的知名办公设备服务商，面向全球超160个国家提供打印机与数码文档相关产品及服务。1959年推出Xerox 914后，施乐成为静电复印市场的开创者，品牌名“xerox”甚至在英语中成为复印的代名词，公司总部现位于美国康涅狄格州诺沃克。
DECK vs XRX — 直观对比
营收规模更大
DECK
是对方的1.1倍
$1.8B
营收增速更快
XRX
高出19.6%
7.1%
净利率更高
DECK
高出30.3%
-5.7%
自由现金流更多
DECK
多$1.2B
$-165.0M
两年增速更快
DECK
近两年复合增速
8.2%
损益表 — Q3 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $2.0B | $1.8B |
| 净利润 | $481.1M | $-105.0M |
| 毛利率 | 59.8% | 29.7% |
| 营业利润率 | 31.4% | -4.0% |
| 净利率 | 24.6% | -5.7% |
| 营收同比 | 7.1% | 26.7% |
| 净利润同比 | 5.3% | -16.0% |
| 每股收益（稀释后） | $3.33 | $-0.84 |
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DECKXRX
| Q1 26 | — | $1.8B | ||
| Q4 25 | $2.0B | $2.0B | ||
| Q3 25 | $1.4B | $2.0B | ||
| Q2 25 | $964.5M | $1.6B | ||
| Q1 25 | $1.0B | $1.5B | ||
| Q4 24 | $1.8B | $1.6B | ||
| Q3 24 | $1.3B | $1.5B | ||
| Q2 24 | $825.3M | $1.6B |
净利润DECKXRX
| Q1 26 | — | $-105.0M | ||
| Q4 25 | $481.1M | — | ||
| Q3 25 | $268.2M | $-760.0M | ||
| Q2 25 | $139.2M | $-106.0M | ||
| Q1 25 | $151.4M | $-90.0M | ||
| Q4 24 | $456.7M | — | ||
| Q3 24 | $242.3M | $-1.2B | ||
| Q2 24 | $115.6M | $18.0M |
毛利率DECKXRX
| Q1 26 | — | 29.7% | ||
| 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% | — |
营业利润率DECKXRX
| Q1 26 | — | -4.0% | ||
| Q4 25 | 31.4% | — | ||
| Q3 25 | 22.8% | — | ||
| Q2 25 | 17.1% | — | ||
| Q1 25 | 17.0% | — | ||
| Q4 24 | 31.0% | — | ||
| Q3 24 | 23.3% | — | ||
| Q2 24 | 16.1% | — |
净利率DECKXRX
| Q1 26 | — | -5.7% | ||
| Q4 25 | 24.6% | — | ||
| Q3 25 | 18.7% | -38.8% | ||
| Q2 25 | 14.4% | -6.7% | ||
| Q1 25 | 14.8% | -6.2% | ||
| Q4 24 | 25.0% | — | ||
| Q3 24 | 18.5% | -78.9% | ||
| Q2 24 | 14.0% | 1.1% |
每股收益（稀释后）DECKXRX
| Q1 26 | — | $-0.84 | ||
| Q4 25 | $3.33 | $-0.62 | ||
| Q3 25 | $1.82 | $-6.01 | ||
| Q2 25 | $0.93 | $-0.87 | ||
| Q1 25 | $-2.78 | $-0.75 | ||
| Q4 24 | $3.00 | $-0.21 | ||
| Q3 24 | $1.59 | $-9.71 | ||
| Q2 24 | $4.52 | $0.11 |
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 | $585.0K |
| 总债务越低越好 | — | $4.3M |
| 股东权益账面价值 | $2.6B | $305.0K |
| 总资产 | $4.1B | $9.9M |
| 负债/权益比越低杠杆越低 | — | 14.04× |
8季度趋势，按日历期对齐
现金及短期投资DECKXRX
| Q1 26 | — | $585.0K | ||
| Q4 25 | $2.1B | $512.0M | ||
| Q3 25 | $1.4B | $479.0M | ||
| Q2 25 | $1.7B | $449.0M | ||
| Q1 25 | $1.9B | $336.0M | ||
| Q4 24 | $2.2B | $576.0M | ||
| Q3 24 | $1.2B | $521.0M | ||
| Q2 24 | $1.4B | $485.0M |
总债务DECKXRX
| Q1 26 | — | $4.3M | ||
| Q4 25 | — | $4.0B | ||
| Q3 25 | — | $4.1B | ||
| Q2 25 | — | $3.5B | ||
| Q1 25 | — | $2.7B | ||
| Q4 24 | — | $2.8B | ||
| Q3 24 | — | $2.8B | ||
| Q2 24 | — | $3.2B |
股东权益DECKXRX
| Q1 26 | — | $305.0K | ||
| Q4 25 | $2.6B | $444.0M | ||
| Q3 25 | $2.5B | $365.0M | ||
| Q2 25 | $2.5B | $1.1B | ||
| Q1 25 | $2.5B | $1.1B | ||
| Q4 24 | $2.6B | $1.1B | ||
| Q3 24 | $2.2B | $1.3B | ||
| Q2 24 | $2.1B | $2.4B |
总资产DECKXRX
| Q1 26 | — | $9.9M | ||
| Q4 25 | $4.1B | $9.8B | ||
| Q3 25 | $3.8B | $10.1B | ||
| Q2 25 | $3.8B | $8.9B | ||
| Q1 25 | $3.6B | $8.2B | ||
| Q4 24 | $4.0B | $8.4B | ||
| Q3 24 | $3.4B | $8.3B | ||
| Q2 24 | $3.3B | $9.5B |
负债/权益比DECKXRX
| Q1 26 | — | 14.04× | ||
| Q4 25 | — | 9.05× | ||
| Q3 25 | — | 11.10× | ||
| Q2 25 | — | 3.11× | ||
| Q1 25 | — | 2.56× | ||
| Q4 24 | — | 2.62× | ||
| Q3 24 | — | 2.11× | ||
| Q2 24 | — | 1.34× |
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 | $-144.0M |
| 自由现金流经营现金流 - 资本支出 | $1.0B | $-165.0M |
| 自由现金流率自由现金流/营收 | 52.1% | -8.9% |
| 资本支出强度资本支出/营收 | 1.1% | 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 | $116.0M |
8季度趋势，按日历期对齐
经营现金流DECKXRX
| Q1 26 | — | $-144.0M | ||
| Q4 25 | $1.0B | $208.0M | ||
| Q3 25 | $8.1M | $116.0M | ||
| Q2 25 | $36.1M | $-11.0M | ||
| Q1 25 | $-73.0M | $-89.0M | ||
| Q4 24 | $1.1B | $351.0M | ||
| Q3 24 | $-90.5M | $116.0M | ||
| Q2 24 | $112.7M | $123.0M |
自由现金流DECKXRX
| Q1 26 | — | $-165.0M | ||
| Q4 25 | $1.0B | $192.0M | ||
| Q3 25 | $-13.9M | $104.0M | ||
| Q2 25 | $12.2M | $-15.0M | ||
| Q1 25 | $-89.4M | $-94.0M | ||
| Q4 24 | $1.1B | $346.0M | ||
| Q3 24 | $-113.4M | $108.0M | ||
| Q2 24 | $90.1M | $117.0M |
自由现金流率DECKXRX
| Q1 26 | — | -8.9% | ||
| Q4 25 | 52.1% | 9.5% | ||
| Q3 25 | -1.0% | 5.3% | ||
| Q2 25 | 1.3% | -1.0% | ||
| Q1 25 | -8.8% | -6.5% | ||
| Q4 24 | 58.6% | 21.5% | ||
| Q3 24 | -8.6% | 7.1% | ||
| Q2 24 | 10.9% | 7.4% |
资本支出强度DECKXRX
| Q1 26 | — | 1.1% | ||
| Q4 25 | 1.1% | 0.8% | ||
| Q3 25 | 1.5% | 0.6% | ||
| Q2 25 | 2.5% | 0.3% | ||
| Q1 25 | 1.6% | 0.3% | ||
| Q4 24 | 1.3% | 0.3% | ||
| Q3 24 | 1.7% | 0.5% | ||
| Q2 24 | 2.7% | 0.4% |
现金转化率DECKXRX
| Q1 26 | — | — | ||
| 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× | 6.83× |
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% |
XRX
| Services, maintenance, rentals and other (2) | $816.0M | 44% |
| Supplies, paper and other sales (2) | $437.0M | 24% |
| Equipment sales | $378.0M | 20% |
| IT Products (3) | $105.0M | 6% |
| Xerox Financial Services (2) | $61.0M | 3% |
| IT Services (3) | $49.0M | 3% |
