DECKERS OUTDOOR CORP（DECK）の決算・業績分析
DECKERS OUTDOOR CORPの2025年有価証券報告書をAI分析。売上高$5.0B(+16.3%)。営業利益$1.2B。Consumer Discretionary。
目次
DECKERS OUTDOOR CORPの2025年度 業績サマリー
DECKERS OUTDOOR CORP（証券コード: DECK）の2025年度決算・業績分析。売上高は$5.0B（前年比+16.3%）。営業利益は$1.2B（前年比+27.1%）。純利益は$966M（前年比+27.2%）。有価証券報告書を基に、業績変化の要因・リスク・見通し・セグメント構成を AI が分析しました。
DECKERS OUTDOOR CORPの2024年度 注目ポイント
※ 直近の2025年度XBRLデータは取込済みですが、AI分析は2024年度の10-Kを対象としています。
- Revenue surged to $3.2B (+23.8% YoY) with net income rising to $452M (+18.1% YoY) (XBRL).
- ROE reached 31.3% (XBRL), supported by strong cash reserves of $982M (XBRL) and a 56.5% equity ratio (XBRL).
- Share repurchases totaled $357M (XBRL), reflecting robust shareholder returns despite $51M in CapEx (XBRL).
DECKERS OUTDOOR CORPの売上高変化の要因
- •Revenue grew 23.8% YoY to $3.2B (XBRL), driven by strong performance across all brands. Historical data shows consistent 5-year CAGR of 13.8% for revenue (XBRL), with operating income growing at 24.0% CAGR (XBRL). The company's DTC strategy and product innovation (e.g., HOKA's performance footwear) likely contributed to growth, though segment-specific revenue breakdowns are not disclosed (XBRL).
DECKERS OUTDOOR CORPの営業利益変化の要因
- •Gross margin remained stable at 51.0% (XBRL), while operating margin expanded to 17.9% (+12.0% YoY) (XBRL). Net margin improved to 14.3% (+18.1% YoY) (XBRL), reflecting cost discipline and pricing power. EBITDA of $605M (19.2% margin) (XBRL) highlights efficient operations despite rising input costs.
DECKERS OUTDOOR CORPの事業リスクと対応
Rapid changes in consumer preferences could harm sales and brand loyalty if new products fail to meet demand (10-K).
Failure to gain market acceptance for new products may reduce revenue and damage brand image (10-K).
Economic downturns could decrease discretionary spending on premium products like UGG and HOKA (10-K).
Negative publicity or social media backlash may tarnish brand reputation and reduce sales (10-K).
Shifting ethical or social standards could harm brand value if products fail to meet evolving consumer expectations (10-K).
DECKERS OUTDOOR CORPの事業内容
Deckers Outdoor Corp (DECK) designs, markets, and distributes innovative footwear, apparel, and accessories under six proprietary brands: UGG, HOKA, Teva, Sanuk, Koolaburra, and AHNU (10-K). The company generates revenue through domestic/international retailers, distributors, and direct-to-consumer (DTC) channels, emphasizing fashion, functionality, and comfort (10-K). Competitive advantages include iconic brand recognition, a global distribution network, and diverse product lines spanning casual and high-performance categories (10-K).
DECKERS OUTDOOR CORPのAI業績分析レポート（2024年度）
DECKERS OUTDOOR CORP (DECK) FY2024 ANNUAL REPORT ANALYSIS
Highlights
Business Overview
Deckers Outdoor Corp (DECK) designs, markets, and distributes innovative footwear, apparel, and accessories under six proprietary brands: UGG, HOKA, Teva, Sanuk, Koolaburra, and AHNU (10-K). The company generates revenue through domestic/international retailers, distributors, and direct-to-consumer (DTC) channels, emphasizing fashion, functionality, and comfort (10-K). Competitive advantages include iconic brand recognition, a global distribution network, and diverse product lines spanning casual and high-performance categories (10-K).
Revenue Analysis
Revenue grew 23.8% YoY to $3.2B (XBRL), driven by strong performance across all brands. Historical data shows consistent 5-year CAGR of 13.8% for revenue (XBRL), with operating income growing at 24.0% CAGR (XBRL). The company's DTC strategy and product innovation (e.g., HOKA's performance footwear) likely contributed to growth, though segment-specific revenue breakdowns are not disclosed (XBRL).
Profitability Analysis
Gross margin remained stable at 51.0% (XBRL), while operating margin expanded to 17.9% (+12.0% YoY) (XBRL). Net margin improved to 14.3% (+18.1% YoY) (XBRL), reflecting cost discipline and pricing power. EBITDA of $605M (19.2% margin) (XBRL) highlights efficient operations despite rising input costs.
Balance Sheet Analysis
The company maintains strong liquidity with a current ratio of 3.84x (XBRL) and $982M in cash (XBRL). Total assets grew to $2.6B (XBRL), with equity increasing to $1.4B (XBRL). The 56.5% equity ratio (XBRL) indicates a conservative capital structure, though long-term debt details are not disclosed (XBRL).
Cash Flow Analysis
Operating cash flow declined to $172M (XBRL) from $596M in FY2023 (XBRL), reflecting higher working capital needs. Free cash flow (FCF) totaled $121M (XBRL), with $51M allocated to CapEx (XBRL). Financing activities included $357M in share repurchases (XBRL), offsetting $172M in operating cash flow.
Working Capital Analysis
Receivables days: 35 days (XBRL); Inventory days: 126 days (XBRL). Days Payable Outstanding (DPO) data is not available (XBRL), preventing CCC calculation. Asset turnover of 1.23x (XBRL) suggests moderate efficiency in deploying assets.
Risks
Outlook
N/A (10-K)
Historical Time Series
| Metric | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|
| Revenue | 1.9B | 2.0B | 2.1B | 2.5B | 3.2B | 3.6B |
| Operating Income | 223M | 327M | 338M | 504M | 565M | 653M |
| Net Income | 114M | 264M | 276M | 383M | 452M | 517M |
| Total Assets | 1.4B | 1.8B | 2.2B | 2.3B | 2.6B | 3.1B |
| Total Equity | 954M | 941M | 1.0B | 1.1B | 1.4B | 1.5B |
| Operating Cash Flow | 327M | 360M | 286M | 596M | 172M | 537M |
Consumer Discretionaryの企業一覧
DECKERS OUTDOOR CORPと同じ「Consumer Discretionary」セクターの企業