Deckers Outdoor CorporationDECK
NYSE•Consumer Cyclical•Footwear & Accessories
Deckers Outdoor Corporation, together with its subsidiaries, designs, markets, and distributes footwear, apparel, and accessories for casual lifestyle use and high-performance activities in the United States and internationally. The company offers premium footwear, apparel, and accessories under the UGG brand name; footwear, such as running, trail, hiking, fitness, and lifestyle shoes, as well as apparel and accessories under the HOKA brand name; and sandals, shoes, and boots under the Teva brand name. It also provides a casual footwear fashion line under the Koolaburra brand name; and footwear products under the AHNU brand name. The company sells its products through domestic and international retailers, international distributors, and directly to its consumers through its direct-to-consumer business, which includes e-commerce websites and retail stores. Deckers Outdoor Corporation was founded in 1973 and is headquartered in Goleta, California.
Deckers Outdoor Corporation (DECK) reported trailing twelve months revenue of $5.47B as of March 2026, a 9.8% increase year-over-year. Quarterly revenue reached $1.12B, reflecting continued top-line momentum.
Deckers Outdoor Corporation generated $1.02B in TTM net income, with quarterly EBITDA of $174.18M. The operating margin contracted from 17.0% to 14.0%, suggesting rising cost pressures or pricing headwinds.
The spread between operating margin (14.0%) and net margin (12.1%) indicates tight cost control with minimal non-operating drag. Net margin has narrowed from 14.8% a year ago, reflecting increased costs or interest expense.
DECK trades at a P/E of 15.7x (in line with broad market averages) and a P/S of 2.9x. The price-to-book ratio of 6.4x indicates a significant premium over book value.
The company generated $78.76M in free cash flow over the trailing twelve months, a 188.1% increase year-over-year, indicating cash generation ability. The balance sheet shows $3.69B in total assets with no in long-term debt against $2.50B in stockholders equity. Data based on the most recent quarterly reports.
Competitive analysis based on 21 quarters of fundamental data
Operating margins are positive at ~21.6% on average, but show some variability — pricing power may be sensitive to market conditions.
Consistently high ROE averaging 39.4% suggests a durable competitive advantage and efficient capital allocation.
5 of the last 8 quarters generated positive FCF. The company generally funds itself but has occasional cash consumption quarters.
TTM revenue has grown consistently (7 of 7 quarters up), with ~23.3% growth over the period. Strong demand durability.
Data-driven red flags and warnings across 21 quarters
Margins are stable or improving at ~21.3% — no sign of cost or pricing stress.
FCF consistently trails net income (avg 0.6x) — earnings may be inflated by non-cash items or aggressive accounting.
Limited debt-to-equity data available.
Revenue is stable or growing over recent quarters — demand appears durable.
FCF turned negative in 3 of the last 8 quarters — occasional cash consumption.
Shares decreased 7.6% — net buybacks are reducing shares outstanding and boosting per-share value.