DECK

MKT CAP:$16B

Deckers Outdoor Corporation

Market Cap

$16B

Consumer Cyclical·Apparel - Footwear & Accessories·🇺🇸 United States·NYSE

Consumer Cyc.·Apparel·🇺🇸·NYSE

Stock Price

$106.61-$0.18 (-0.17%)

Apr 23, 2026

Company Details

Deckers Outdoor Corporation, together with its subsidiaries, designs, markets, and distributes footwear, apparel, and accessories for casual lifestyle use and high-performance activities. The company offers premium footwear, apparel, and ac...

CEO

Stefano Caroti

IPO Date

Oct 15, 1993

Website

www.deckers.com

Key Metrics TTM

Revenue

$5.4B

+9.2% YoY

Net Income

$1.0B

EPS (Diluted)

$7.06

Free Cash Flow

$929M

Revenue / Share

$36.51

Gross Margin

57.5%

Operating Margin

23.8%

Net Margin

19.3%

FCF Margin

17.3%

P/S

3.0x

P/E

15.3x

Earnings Reports

Q3 2026

Feb 3, 2026

$2.0B+7.1%EPS $3.33

Q2 2026

Oct 31, 2025

$1.4B+9.1%EPS $1.81

Q1 2026

Jul 31, 2025

$965M+16.9%EPS $0.93

FY 2025

May 23, 2025

$5.0B+16.3%EPS $6.33

Q4 2025

May 23, 2025

$1.0B+6.5%EPS $0.99

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q4 22	$736M	$359M	$81M
Q1 23	$614M	$295M	$56M
Q2 23	$876M	$422M	$128M
Q3 23	$1.3B	$713M	$363M
Q4 23	$792M	$396M	$106M
Q1 24	$676M	$346M	$71M
Q2 24	$1.1B	$583M	$225M
Q3 24	$1.6B	$917M	$488M
Q4 24	$960M	$539M	$144M
Q1 25	$825M	$470M	$133M
Q2 25	$1.3B	$733M	$305M
Q3 25	$1.8B	$1.1B	$567M
Q4 25	$1.0B	$580M	$174M
Q1 26	$965M	$538M	$165M
Q2 26	$1.4B	$804M	$327M
Q3 26	$2.0B	$1.2B	$614M

Valuation

Quarter	P/S	P/E
Q4 22	5.0x	35.1x
Q1 23	4.9x	35.4x
Q2 23	4.6x	35.4x
Q3 23	4.4x	32.1x
Q4 23	4.4x	30.7x
Q1 24	4.3x	29.6x
Q2 24	4.1x	25.9x
Q3 24	3.9x	21.9x
Q4 24	3.7x	20.9x
Q1 25	3.6x	19.6x
Q2 25	3.4x	18.1x
Q3 25	3.2x	16.8x
Q4 25	3.2x	16.4x
Q1 26	3.1x	16.0x
Q2 26	3.0x	15.6x
Q3 26	3.0x	15.3x

Operating Cash Flow

Quarter	Operating CF	Free CF
Q4 22	-$55M	-$65M
Q1 23	-$29M	-$41M
Q2 23	-$208M	-$220M
Q3 23	$715M	$683M
Q4 23	$60M	$35M
Q1 24	$125M	$95M
Q2 24	-$4M	-$30M
Q3 24	$940M	$924M
Q4 24	-$29M	-$44M
Q1 25	$113M	$90M
Q2 25	-$91M	-$113M
Q3 25	$1.1B	$1.1B
Q4 25	-$73M	-$89M
Q1 26	$36M	$12M
Q2 26	$8M	-$14M
Q3 26	$1.0B	$1.0B

Capital Expenditures

Quarter	CapEx
Q4 22	$10M
Q1 23	$12M
Q2 23	$12M
Q3 23	$32M
Q4 23	$25M
Q1 24	$31M
Q2 24	$27M
Q3 24	$17M
Q4 24	$15M
Q1 25	$23M
Q2 25	$23M
Q3 25	$24M
Q4 25	$16M
Q1 26	$24M
Q2 26	$22M
Q3 26	$22M

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q4 22	+31.2%	+29.3%
Q1 23	+21.8%	+26.0%
Q2 23	+21.3%	+25.9%
Q3 23	+13.3%	+9.9%
Q4 23	+7.5%	+4.7%
Q1 24	+10.0%	+8.4%
Q2 24	+24.7%	+16.0%
Q3 24	+16.0%	+9.1%
Q4 24	+21.2%	+18.9%
Q1 25	+22.1%	+14.5%
Q2 25	+20.1%	+16.0%
Q3 25	+17.1%	+17.5%
Q4 25	+6.5%	+4.0%
Q1 26	+16.9%	+15.4%
Q2 26	+9.1%	+9.7%
Q3 26	+7.1%	+6.6%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q4 22	$9M	1.2%
Q1 23	$4M	0.6%
Q2 23	$7M	0.8%
Q3 23	$8M	0.6%
Q4 23	$9M	1.1%
Q1 24	$7M	1.0%
Q2 24	$10M	0.9%
Q3 24	$12M	0.8%
Q4 24	$9M	0.9%
Q1 25	$8M	1.0%
Q2 25	$12M	0.9%
Q3 25	$9M	0.5%
Q4 25	$9M	0.9%
Q1 26	$9M	0.9%
Q2 26	$11M	0.8%
Q3 26	$12M	0.6%

OpEx Breakdown

Quarter	R&D	SG&A
Q4 22	—	$277M
Q1 23	—	$238M
Q2 23	—	$294M
Q3 23	—	$350M
Q4 23	—	$290M
Q1 24	—	$276M
Q2 24	—	$358M
Q3 24	—	$429M
Q4 24	$49M	$395M
Q1 25	—	$337M
Q2 25	—	$428M
Q3 25	—	$535M
Q4 25	$57M	$406M
Q1 26	—	$373M
Q2 26	—	$477M
Q3 26	—	$557M

Revenue Segments

Quarter	Direct-to-Consumer	Hoka Brand Segment	Other Wholesale Segment	Sanuk Wholesale Segment	Teva Wholesale Segment	UGG Wholesale Segment
Q4 22	$287M	$208M	$9M	$10M	$50M	$172M
Q1 23	$185M	$232M	$2M	$11M	$47M	$138M
Q2 23	$239M	$223M	$28M	$5M	$20M	$361M
Q3 23	$699M	$224M	$20M	$3M	$25M	$374M
Q4 23	$343M	$247M	$4M	$9M	$57M	$131M
Q1 24	$250M	$261M	$1M	$6M	$35M	$122M
Q2 24	$332M	$263M	$30M	$3M	$12M	$452M
Q3 24	$858M	$252M	$24M	$2M	$20M	$403M
Q4 24	$415M	$350M	$4M	$5M	$46M	$139M
Q1 25	$311M	$333M	$4M	$4M	$31M	$143M
Q2 25	$398M	$362M	$25M	$2M	$12M	$512M
Q3 25	$1.0B	$305M	$24M	—	$19M	$468M
Q1 26	—	$653M	$46M	—	—	$265M
Q2 26	—	$634M	$37M	—	—	$760M
Q3 26	—	$629M	$23M	—	—	$1.3B

Revenue by Geography

Quarter	Non-US	United States
Q1 26	$463M	$501M
Q2 26	$591M	$840M
Q3 26	$757M	$1.2B

War Chest

Quarter	Cash	Short-term Investments	Total
Q4 22	$844M	$0	$844M
Q1 23	$695M	$0	$695M
Q2 23	$419M	$0	$419M
Q3 23	$1.1B	$0	$1.1B
Q4 23	$982M	$0	$982M
Q1 24	$1.0B	$0	$1.0B
Q2 24	$823M	$0	$823M
Q3 24	$1.7B	$0	$1.7B
Q4 24	$1.5B	$0	$1.5B
Q1 25	$1.4B	$0	$1.4B
Q2 25	$1.2B	$0	$1.2B
Q3 25	$2.2B	$0	$2.2B
Q4 25	$1.9B	$0	$1.9B
Q1 26	$1.7B	$0	$1.7B
Q2 26	$1.4B	$0	$1.4B
Q3 26	$2.1B	$0	$2.1B

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q4 22	164M	-1.0%	-3.5%
Q1 23	162M	-1.6%	-4.0%
Q2 23	160M	-1.0%	-4.4%
Q3 23	160M	-0.4%	-3.9%
Q4 23	159M	-0.3%	-3.2%
Q1 24	158M	-0.6%	-2.3%
Q2 24	157M	-0.5%	-1.9%
Q3 24	155M	-1.4%	-2.9%
Q4 24	155M	-0.1%	-2.7%
Q1 25	153M	-0.8%	-2.8%
Q2 25	153M	-0.5%	-2.7%
Q3 25	152M	-0.3%	-1.6%
Q4 25	153M	+0.2%	-1.3%
Q1 26	150M	-2.0%	-2.5%
Q2 26	149M	-0.7%	-2.7%
Q3 26	147M	-1.0%	-3.4%

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q4 22	$184.0K	4K
Q1 23	$153.6K	4K
Q2 23	$218.9K	4K
Q3 23	$336.4K	4K
Q4 23	$188.5K	4K
Q1 24	$160.9K	4K
Q2 24	$260.0K	4K
Q3 24	$371.5K	4K
Q4 24	$199.9K	5K
Q1 25	$171.9K	5K
Q2 25	$273.2K	5K
Q3 25	$380.7K	5K
Q4 25	$185.8K	6K
Q1 26	$175.4K	6K
Q2 26	$260.2K	6K
Q3 26	$355.9K	6K

Revenue / Employee