Deckers Outdoor Corporation

DECK · NYSE · USD

Financials

Annual

StatisticsIncome statementBalance sheetCash flowDividendsSegments

Valuation and market statistics · USD millions unless noted · ratios on the twelve months ending at each period

Line item	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017	FY2016	FY2015	FY2014	FY2013	FY2013	FY2012	FY2011	FY2010	FY2009	FY2008	FY2007	FY2006	FY2005	FY2004	FY2003	FY2002	FY2001	FY2000	FY1999	FY1998	FY1997	FY1996	FY1995	FY1994
Valuation
Market cap	$14,208	$16,970	$24,160	$11,850	$7,458	$9,069	$3,678	$4,035	$2,471	$1,639	$1,644	$2,519	$2,766	–	$1,485	$2,919	$3,079	$1,323	$1,042	$1,989	$750	$340	$517	$197	$31	$39	$48	$23	$19	$67	$64	$62	$120	$129
Enterprise value	$12,676	$15,358	$22,925	$11,114	$6,836	$8,203	$3,324	$3,476	$2,073	$1,380	$1,499	$2,332	$2,528	–	$1,408	$2,660	$2,637	$981	$815	$1,832	$641	$287	$491	$221	$66	$23	$40	$28	$40	$74	$73	$74	$118	$126
P/E (TTM) at period end	13.87×	17.57×	31.81×	22.93×	16.50×	23.71×	13.32×	15.26×	21.60×	287.12×	13.45×	15.57×	19.48×	–	11.52×	14.66×	19.46×	11.33×	14.10×	29.94×	24.52×	10.92×	20.24×	21.54×	–	24.17×	6.81×	8.00×	–	14.93×	17.27×	44.23×	11.47×	20.45×
P/S (TTM) at period end	2.60×	3.40×	5.63×	3.27×	2.37×	3.56×	1.72×	2.00×	1.30×	0.92×	0.88×	1.39×	1.74×	–	1.05×	2.12×	3.08×	1.63×	1.51×	4.43×	2.46×	1.28×	2.41×	1.63×	0.31×	0.43×	0.42×	0.21×	0.18×	0.63×	0.63×	0.61×	1.40×	2.26×
P/B at period end	5.68×	6.75×	11.46×	6.71×	4.85×	6.28×	3.23×	3.86×	2.63×	1.72×	1.70×	2.69×	3.11×	–	2.01×	3.49×	4.72×	2.69×	2.61×	6.36×	3.33×	1.92×	3.67×	2.80×	0.48×	0.59×	0.74×	0.41×	0.36×	1.18×	1.16×	1.16×	2.12×	2.78×
EV / EBITDA (TTM)	9.47×	12.30×	23.27×	15.86×	11.25×	15.06×	8.82×	9.34×	7.65×	27.22×	7.06×	8.52×	–	–	6.39×	8.48×	10.09×	5.13×	6.63×	16.80×	11.75×	5.27×	11.10×	9.59×	11.17×	2.85×	2.58×	2.86×	–	6.99×	7.23×	12.99×	6.43×	10.88×
EV / Sales (TTM)	2.32×	3.08×	5.35×	3.06×	2.17×	3.22×	1.56×	1.72×	1.09×	0.77×	0.80×	1.28×	1.59×	–	1.00×	1.93×	2.63×	1.21×	1.18×	4.08×	2.11×	1.08×	2.29×	1.82×	0.67×	0.25×	0.35×	0.25×	0.39×	0.69×	0.72×	0.72×	1.37×	2.21×
Returns
Return on equity	41.0%	38.4%	36.0%	29.3%	29.4%	26.5%	24.2%	25.3%	12.2%	0.6%	12.6%	17.3%	16.0%	16.4%	17.4%	23.8%	24.2%	23.8%	18.5%	21.3%	13.6%	17.5%	18.1%	13.0%	(11.3%)	2.4%	10.9%	5.1%	(5.6%)	7.9%	6.7%	2.6%	18.5%	13.6%
Return on invested capital	100.8%	101.7%	82.5%	49.2%	49.3%	66.6%	34.8%	54.0%	21.3%	–	15.4%	21.9%	22.2%	22.3%	19.8%	34.9%	75.9%	65.7%	34.5%	26.1%	14.8%	24.7%	20.6%	12.7%	1.9%	5.2%	12.7%	6.0%	(2.8%)	7.2%	6.8%	3.2%	18.7%	14.5%
Dividend yield	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0.9%	–	–	–	–
Financial health
Current ratio	3.54×	3.72×	3.39×	3.84×	3.23×	3.52×	3.97×	4.37×	4.81×	5.16×	3.29×	4.10×	5.10×	2.59×	2.59×	3.52×	4.94×	5.16×	8.68×	6.51×	7.25×	5.04×	3.24×	1.97×	2.02×	3.20×	4.07×	4.72×	3.45×	5.08×	5.14×	7.94×	9.47×	8.76×
Debt / equity	–	–	–	–	–	–	0.03×	0.03×	0.03×	0.03×	0.10×	0.04×	0.01×	0.01×	0.04×	–	–	–	–	–	–	–	–	0.43×	0.60×	0.01×	0.02×	0.11×	0.41×	0.18×	0.19×	0.29×	0.00×	0.01×
Effective tax rate	22.8%	22.3%	22.4%	22.4%	20.0%	23.7%	19.0%	19.6%	48.2%	181.7%	22.1%	26.8%	29.8%	29.1%	29.9%	29.2%	35.9%	36.2%	38.7%	39.6%	42.6%	39.6%	36.5%	38.5%	43.0%	42.2%	43.1%	45.3%	29.3%	43.0%	43.9%	48.1%	42.0%	42.7%
Share count
Diluted shares outstanding	146	153	156	160	167	170	172	179	192	194	198	208	208	209	224	236	236	236	238	236	232	232	219	214	177	174	171	162	155	162	169	194	173	140

StatisticsIncome statementBalance sheetCash flowDividendsSegments

Income statement · USD millions

Line item	TTM	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017	FY2016	FY2015	FY2014	FY2013	FY2013	FY2012	FY2011	FY2010	FY2009	FY2008	FY2007	FY2006	FY2005	FY2004	FY2003	FY2002	FY2001	FY2000	FY1999	FY1998	FY1997	FY1996	FY1995	FY1994
Revenue and gross profit
Revenue	$5,527	$5,472	$4,986	$4,288	$3,627	$3,150	$2,546	$2,133	$2,020	$1,903	$1,790	$1,875	$1,817	$1,588	$1,557	$1,414	$1,377	$1,001	$813	$689	$449	$304	$265	$215	$121	$99	$91	$114	$111	$104	$107	$102	$102	$86	$57
Cost of revenue	($2,332)	($2,315)	($2,100)	($1,902)	($1,802)	($1,543)	($1,172)	($1,029)	($980)	($972)	($955)	($1,029)	($939)	($830)	($820)	($782)	($698)	($498)	($442)	($384)	($241)	($164)	($154)	($124)	($70)	($58)	($53)	($61)	($63)	($65)	($60)	($59)	($64)	($43)	($27)
Gross profit	$3,195	$3,158	$2,886	$2,385	$1,825	$1,608	$1,374	$1,104	$1,040	$932	$835	$847	$878	$757	$736	$632	$679	$503	$371	$305	$207	$141	$111	$90	$51	$42	$39	$53	$48	$39	$47	$43	$38	$43	$30
Operating expenses
Research and development	–	($69)	($57)	($49)	($39)	($33)	($29)	($28)	($23)	($22)	($21)	($22)	($21)	–	($19)	($16)	($14)	($12)	($8)	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
Selling, general and administrative	($1,942)	($1,895)	($1,707)	($1,458)	($1,173)	($1,043)	($870)	($766)	($713)	($709)	($837)	($685)	($654)	–	($529)	($445)	($394)	($254)	($190)	($153)	($102)	($74)	($59)	($48)	($32)	($35)	($34)	($38)	($38)	($39)	($36)	($33)	($32)	($24)	($19)
Total operating expenses	($1,942)	($1,895)	($1,707)	($1,458)	($1,173)	($1,043)	($870)	($766)	($713)	($709)	($837)	($685)	($654)	($551)	($529)	($445)	($394)	($254)	($190)	($188)	($102)	($89)	($59)	($48)	($32)	($38)	($34)	($41)	($41)	($42)	($39)	($35)	($34)	($25)	($19)
Total costs and expenses	($4,274)	($4,209)	($3,807)	($3,360)	($2,975)	($2,586)	($2,041)	($1,795)	($1,693)	($1,681)	($1,792)	($1,713)	($1,593)	($1,382)	($1,349)	($1,227)	($1,092)	($752)	($632)	($573)	($343)	($253)	($213)	($172)	($102)	($96)	($87)	($101)	($104)	($106)	($99)	($94)	($98)	($68)	($46)
Operating income	$1,253	$1,263	$1,179	$928	$653	$565	$504	$338	$327	$223	($2)	$162	$224	$206	$208	$187	$285	$249	$181	$117	$106	$51	$52	$42	$19	$3	$5	$13	$7	($3)	$8	$8	$4	$18	$11
Earnings
EBITDA	$1,327	$1,339	$1,248	$985	$701	$608	$545	$377	$372	$271	$51	$212	$274	–	$249	$220	$314	$261	$191	$123	$109	$55	$54	$44	$23	$6	$8	$16	$10	($0)	$11	$10	$6	$18	$12
Interest income	$61	$64	$68	$52	$16	$2	$3	$7	$6	$3	$1	$0	$0	–	$0	$0	$0	$0	$1	$3	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
Interest expense	($4)	($3)	($4)	($3)	($3)	($2)	($6)	($5)	($5)	($5)	($7)	($6)	($4)	–	($3)	($4)	($0)	($1)	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
Pre-tax income	$1,312	$1,326	$1,243	$979	$666	$565	$502	$341	$329	$221	($7)	$157	$221	$202	$206	$184	$285	$250	$183	$121	$110	$53	$52	$40	$15	$3	$3	$12	$5	($4)	$8	$7	$3	$18	$11
Income tax expense	($298)	($302)	($277)	($219)	($149)	($113)	($119)	($65)	($65)	($106)	$13	($35)	($59)	($60)	($60)	($55)	($83)	($90)	($66)	($47)	($44)	($23)	($20)	($15)	($6)	($1)	($1)	($5)	($2)	$1	($3)	($3)	($1)	($8)	($5)
Net income	$1,015	$1,024	$966	$760	$517	$452	$383	$276	$264	$114	$6	$122	$162	$142	$146	$129	$199	$158	$117	$74	$66	$31	$31	$26	$9	($7)	$2	$7	$3	($3)	$4	$4	$1	$10	$6
Per share
Diluted EPS (GAAP)	$7.05	$7.02	$6.33	$4.86	$3.23	$2.71	$2.25	$1.60	$1.47	$0.5967	$0.03	$0.6167	$0.7767	$0.6817	$0.6967	$0.575	$0.845	$0.6717	$0.4933	$0.3117	$0.2817	$0.1317	$0.135	$0.1133	$0.0433	($0.0417)	$0.00945	$0.0417	$0.0183	($0.0183)	$0.0283	$0.0217	$0.007217	$0.06	$0.045
Basic EPS (GAAP)	$7.06	$7.04	$6.36	$4.89	$3.25	$2.74	$2.27	$1.62	$1.49	$0.60	$0.03	$0.6267	$0.7833	$0.6817	$0.705	$0.5817	$0.86	$0.6833	$0.4983	$0.315	$0.2883	$0.1367	$0.14	$0.1267	$0.05	($0.0433)	$0.01	$0.0433	$0.0183	($0.0183)	$0.0283	$0.0217	$0.007217	$0.06	$0.0483
Basic shares outstanding	143	145	152	155	159	165	168	170	178	191	192	195	207	208	207	221	232	232	234	235	231	225	222	198	173	168	166	164	159	155	161	167	194	173	129
Margins
Gross margin	57.8%	57.7%	57.9%	55.6%	50.3%	51.0%	54.0%	51.8%	51.5%	48.9%	46.7%	45.2%	48.3%	47.7%	47.3%	44.7%	49.3%	50.2%	45.6%	44.3%	46.2%	46.2%	42.0%	42.1%	42.4%	41.9%	42.2%	46.7%	43.3%	37.5%	43.8%	42.3%	37.2%	49.7%	53.1%
Operating margin	22.7%	23.1%	23.6%	21.6%	18.0%	17.9%	19.8%	15.9%	16.2%	11.7%	(0.1%)	8.6%	12.4%	13.0%	13.4%	13.2%	20.7%	24.9%	22.3%	17.0%	23.5%	16.9%	19.6%	19.8%	16.1%	3.4%	4.9%	11.1%	6.0%	(2.8%)	7.6%	7.7%	3.9%	20.4%	19.4%
Net margin	18.4%	18.7%	19.4%	17.7%	14.2%	14.3%	15.0%	12.9%	13.1%	6.0%	0.3%	6.5%	8.9%	8.9%	9.4%	9.1%	14.5%	15.8%	14.4%	10.7%	14.8%	10.1%	11.8%	11.9%	7.6%	(7.4%)	1.8%	6.2%	2.6%	(2.8%)	4.2%	3.6%	1.4%	12.2%	11.0%

Analyst consensus

Buy56 analysts

Bearish · 6 · Hold · 24 · Bullish · 26

Earnings history

	EPS	Estimate
Q3 2025	$3.00	$2.48	Beat
Q4 2025	$1.00	$0.60	Beat
Q1 2026	$0.93	$0.68	Beat
Q2 2026	$1.82	$1.58	Beat
Q3 2026	$3.33	$2.77	Beat
Q4 2026	$0.96	$0.83	Beat
Q1 2027	$0.94	$0.88	Beat
Q2 2027	$2.03	$1.79	Beat

Peers

Company overview

IPO dateOct 15, 1993

CEOStefano Caroti

Employees6,000

SectorConsumer Cyclical

IndustryApparel - Footwear & Accessories

CountryUS

ExchangeNew York Stock Exchange

Websitewww.deckers.com

Deckers Outdoor Corporation, operating with its subsidiaries, is a global enterprise dedicated to the creation, promotion, and distribution of footwear, apparel, and accessories. Its product lines serve both casual everyday needs and specialized high-performance activities. The company manages a portfolio of prominent brands: Under the UGG label, it offers premium footwear, clothing, and related items. Teva is known for its range of sandals, shoes, and boots. Sanuk provides comfortable, relaxed casual shoes and sandals. For the athletic segment, particularly ultra-runners and other athletes, Hoka supplies specialized footwear and apparel. Lastly, Koolaburra features fashionable casual footwear, often incorporating plush materials. Deckers employs a multi-faceted sales approach. Its products are available through wholesale channels, including major department stores, independent outdoor and action sports retailers, large national retail chains, and various third-party online platforms. Concurrently, the company engages directly with consumers via its own network of physical retail outlets and e-commerce websites. Globally, Deckers extends its reach across the United States, Europe, Asia-Pacific, Canada, and Latin America, leveraging a broad network of distributors and retailers. As of March 31, 2022, its direct-to-consumer footprint included 149 retail locations worldwide, comprising 75 concept stores and 74 outlet stores. Established in 1973, Deckers Outdoor Corporation maintains its corporate headquarters in Goleta, California.

Athenic provides research and information tools for educational purposes only and is not a registered investment adviser or broker-dealer. Nothing on this page is investment advice or a recommendation to buy or sell any security. Market data may be delayed. Past performance is not indicative of future results. Investing involves risk, including the possible loss of principal.