Deckers Outdoor Corporation (DECK) 10-Year Financial Performance & Capital Metrics

DECK • • Industrial / General

Consumer CyclicalFootwear & AccessoriesAthletic & Performance FootwearPerformance Running Specialists

AboutDeckers 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 accessories under the UGG brand name; sandals, shoes, and boots under the Teva brand name; and relaxed casual shoes and sandals under the Sanuk brand name. It also provides footwear and apparel for ultra-runners and athletes under the Hoka brand name; and fashion casual footwear using other plush materials under the Koolaburra brand. The company sells its products through department stores, domestic independent action sports and outdoor specialty footwear retailers, and larger national retail chains, as well as online retailers. It also sells its products directly to consumers through its retail stores and e-commerce websites, as well as distributes its products through distributors and retailers in the United States, Europe, the Asia-Pacific, Canada, Latin America, and internationally. As of March 31, 2022, it had 149 retail stores, including 75 concept stores and 74 outlet stores worldwide. The company was founded in 1973 and is headquartered in Goleta, California.Show more

Revenue $4.99B +16.3%
EBITDA $1.25B +26.7%
Net Income $966M +27.2%
EPS (Diluted) 6.33 +30.2%
Gross Margin 57.88% +4.0%
EBITDA Margin 25.02% +9.0%
Operating Margin 23.65% +9.3%
Net Margin 19.38% +9.4%
ROE 41.82% +6.6%
ROIC 99.75% +36.4%
Debt/Equity 0.11 -13.0%
Interest Coverage 335.26 -7.3%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Excellent 3Y average ROE of 37.4%
✓Strong 5Y profit CAGR of 28.5%
✓Strong Piotroski F-Score: 9/9
✓FCF machine: 19.2% free cash flow margin
✓Strong 5Y sales CAGR of 18.5%
✓Share count reduced 2.3% through buybacks

✗Weaknesses

✗Trading more than 30% below 52-week high

Price & Volume

Loading chart...

Growth Metrics

Revenue CAGR

10Y10.62%

5Y18.51%

3Y16.53%

TTM12.62%

Profit (Net Income) CAGR

10Y19.57%

5Y28.46%

3Y28.82%

TTM16%

EPS CAGR

10Y23.34%

5Y31.66%

3Y32.68%

TTM18.45%

ROCE

10Y Avg27.58%

5Y Avg36.86%

3Y Avg40.02%

Latest44.67%

Peer Comparison

Performance Running Specialists

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
DECKDeckers Outdoor Corporation	15.02B	103.07	16.28	16.28%	19.36%	41.18%	6.38%	0.11

Profit & Loss

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Sales/Revenue+	1.88B	1.79B	1.9B	2.02B	2.13B	2.55B	3.15B	3.63B	4.29B	4.99B
Revenue Growth %	0.03%	-0.05%	0.06%	0.06%	0.06%	0.19%	0.24%	0.15%	0.18%	0.16%
Cost of Goods Sold+	1.03B	954.91M	971.7M	980.19M	1.03B	1.17B	1.54B	1.8B	1.9B	2.1B
COGS % of Revenue	0.55%	0.53%	0.51%	0.49%	0.48%	0.46%	0.49%	0.5%	0.44%	0.42%
Gross Profit+	846.67M	835.24M	931.64M	1.04B	1.1B	1.37B	1.61B	1.83B	2.39B	2.89B
Gross Margin %	0.45%	0.47%	0.49%	0.51%	0.52%	0.54%	0.51%	0.5%	0.56%	0.58%
Gross Profit Growth %	-0.04%	-0.01%	0.12%	0.12%	0.06%	0.25%	0.17%	0.14%	0.31%	0.21%
Operating Expenses+	684.54M	837.15M	709.06M	712.93M	765.54M	869.88M	1.04B	1.17B	1.46B	1.71B
OpEx % of Revenue	0.37%	0.47%	0.37%	0.35%	0.36%	0.34%	0.33%	0.32%	0.34%	0.34%
Selling, General & Admin	684.54M	837.15M	709.06M	712.93M	765.54M	869.88M	1.04B	1.17B	1.46B	1.65B
SG&A % of Revenue	0.37%	0.47%	0.37%	0.35%	0.36%	0.34%	0.33%	0.32%	0.34%	0.33%
Research & Development	0	0	0	0	0	28.63M	33.34M	38.66M	49.17M	56.68M
R&D % of Revenue	-	-	-	-	-	0.01%	0.01%	0.01%	0.01%	0.01%
Other Operating Expenses	0	0	0	0	0	-28.63M	-33.34M	-38.66M	-49.17M	4.29M
Operating Income+	162.13M	-1.92M	222.58M	327.32M	338.13M	504.2M	564.71M	652.75M	927.51M	1.18B
Operating Margin %	0.09%	-0%	0.12%	0.16%	0.16%	0.2%	0.18%	0.18%	0.22%	0.24%
Operating Income Growth %	-0.28%	-1.01%	116.99%	0.47%	0.03%	0.49%	0.12%	0.16%	0.42%	0.27%
EBITDA+	212.15M	50.71M	271.16M	372.26M	377.05M	544.74M	607.59M	700.1M	984.68M	1.25B
EBITDA Margin %	0.11%	0.03%	0.14%	0.18%	0.18%	0.21%	0.19%	0.19%	0.23%	0.25%
EBITDA Growth %	-0.22%	-0.76%	4.35%	0.37%	0.01%	0.44%	0.12%	0.15%	0.41%	0.27%
D&A (Non-Cash Add-back)	50.02M	52.63M	48.57M	44.94M	38.91M	40.53M	42.88M	47.34M	57.17M	68.43M
EBIT	162.7M	333K	225.28M	333.6M	345.91M	507.54M	566.72M	669.52M	981.5M	1.25B
Net Interest Income+	-5.39M	-6.54M	-1.53M	1.37M	2.21M	-3.39M	-182K	12.12M	49.64M	64.87M
Interest Income	420K	778K	3.06M	6.03M	7.26M	2.64M	1.9M	15.56M	52.21M	68.39M
Interest Expense	5.81M	7.32M	4.58M	4.66M	5.05M	6.03M	2.08M	3.44M	2.56M	3.52M
Other Income/Expense	-5.24M	-5.07M	-1.89M	1.61M	2.73M	-2.69M	-69K	13.33M	51.43M	64.21M
Pretax Income+	156.88M	-6.99M	220.7M	328.93M	340.87M	501.51M	564.64M	666.08M	978.94M	1.24B
Pretax Margin %	0.08%	-0%	0.12%	0.16%	0.16%	0.2%	0.18%	0.18%	0.23%	0.25%
Income Tax+	34.62M	-12.7M	106.3M	64.63M	64.72M	118.94M	112.69M	149.26M	219.38M	277.21M
Effective Tax Rate %	0.78%	-0.82%	0.52%	0.8%	0.81%	0.76%	0.8%	0.78%	0.78%	0.78%
Net Income+	122.27M	5.71M	114.39M	264.31M	276.14M	382.57M	451.95M	516.82M	759.56M	966.09M
Net Margin %	0.07%	0%	0.06%	0.13%	0.13%	0.15%	0.14%	0.14%	0.18%	0.19%
Net Income Growth %	-0.24%	-0.95%	19.03%	1.31%	0.04%	0.39%	0.18%	0.14%	0.47%	0.27%
Net Income (Continuing)	122.27M	5.71M	114.39M	264.31M	276.14M	382.57M	451.95M	516.82M	759.56M	966.09M
Discontinued Operations	0	0	0	0	0	0	0	0	0	0
Minority Interest	0	0	0	0	0	0	0	0	0	0
EPS (Diluted)+	0.62	0.03	0.60	1.47	1.60	2.25	2.71	3.23	4.86	6.33
EPS Growth %	-0.21%	-0.95%	18.89%	1.47%	0.09%	0.41%	0.2%	0.19%	0.5%	0.3%
EPS (Basic)	0.63	0.03	0.60	1.49	1.62	2.27	2.74	3.25	4.89	6.36
Diluted Shares Outstanding	198.23M	194.13M	191.98M	179.42M	172.16M	170.44M	166.73M	160.12M	156.29M	152.67M
Basic Shares Outstanding	195.34M	192M	190.55M	177.85M	170.31M	168.33M	165.05M	159.02M	155.23M	151.99M
Dividend Payout Ratio	-	-	-	-	-	-	-	-	-	-

Balance Sheet

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Total Current Assets+	785.76M	820.82M	910.69M	1.1B	1.19B	1.65B	1.75B	1.91B	2.44B	2.86B
Cash & Short-Term Investments	245.96M	291.76M	429.97M	589.69M	649.44M	1.09B	843.53M	981.79M	1.5B	1.89B
Cash Only	245.96M	291.76M	429.97M	589.69M	649.44M	1.09B	843.53M	981.79M	1.5B	1.89B
Short-Term Investments	0	0	0	0	0	0	0	0	0	0
Accounts Receivable	183.61M	183.43M	145.88M	180.94M	203.41M	232.73M	332.42M	321.98M	353.99M	390.61M
Days Sales Outstanding	35.74	37.4	27.98	32.69	34.81	33.37	38.51	32.4	30.13	28.6
Inventory	299.91M	298.85M	299.6M	278.84M	311.62M	278.24M	506.8M	532.85M	474.31M	495.23M
Days Inventory Outstanding	106.43	114.23	112.54	103.83	110.53	86.69	119.9	107.94	91.01	86.08
Other Current Assets	18.04M	30.78M	17.2M	26.03M	11.88M	33.54M	43.77M	39.84M	78.85M	46.16M
Total Non-Current Assets+	492.3M	370.96M	353.69M	331.8M	571.01M	516.91M	580.12M	645.95M	692.1M	772.75M
Property, Plant & Equipment	237.25M	225.53M	220.16M	213.8M	452.56M	393.2M	404.91M	479.98M	527.79M	562.95M
Fixed Asset Turnover	7.90x	7.94x	8.65x	9.45x	4.71x	6.47x	7.78x	7.56x	8.12x	8.86x
Goodwill	127.93M	13.99M	13.99M	13.99M	13.99M	13.99M	13.99M	13.99M	13.99M	13.99M
Intangible Assets	83.03M	65.14M	57.85M	51.49M	48.02M	41.95M	39.69M	37.46M	27.08M	15.7M
Long-Term Investments	0	0	0	0	0	0	0	0	0	0
Other Non-Current Assets	23.46M	21.59M	23.31M	21.65M	28.21M	30.58M	57.32M	41.93M	50.65M	39.55M
Total Assets+	1.28B	1.19B	1.26B	1.43B	1.77B	2.17B	2.33B	2.56B	3.14B	3.63B
Asset Turnover	1.47x	1.50x	1.51x	1.42x	1.21x	1.17x	1.35x	1.42x	1.37x	1.37x
Asset Growth %	0.09%	-0.07%	0.06%	0.13%	0.24%	0.23%	0.08%	0.1%	0.23%	0.16%
Total Current Liabilities+	238.5M	159.05M	189.17M	250.52M	300.95M	468.37M	541.68M	497.38M	719.99M	769.94M
Accounts Payable	100.59M	95.89M	93.94M	124.97M	147.89M	231.63M	327.49M	265.61M	378.5M	417.95M
Days Payables Outstanding	35.7	36.65	35.29	46.54	52.46	72.17	77.48	53.8	72.63	72.65
Short-Term Debt	67.47M	550K	578K	603K	638K	0	0	0	0	54.45M
Deferred Revenue (Current)	0	0	0	0	0	0	0	0	0	1000K
Other Current Liabilities	0	0	0	0	0	0	0	0	0	39.48M
Current Ratio	3.29x	5.16x	4.81x	4.37x	3.97x	3.52x	3.23x	3.84x	3.39x	3.72x
Quick Ratio	2.04x	3.28x	3.23x	3.26x	2.93x	2.93x	2.30x	2.77x	2.73x	3.07x
Cash Conversion Cycle	106.47	114.98	105.23	89.98	92.89	47.89	80.94	86.53	48.52	42.03
Total Non-Current Liabilities+	72.1M	78.47M	134.43M	131.55M	324.05M	255.11M	251.74M	293.09M	308.12M	350.27M
Long-Term Debt	32.63M	32.08M	31.5M	30.9M	30.26M	0	0	0	0	0
Capital Lease Obligations	0	0	0	0	215.72M	176.27M	171.97M	195.72M	213.3M	222.52M
Deferred Tax Liabilities	0	0	0	0	0	0	0	0	0	62.98M
Other Non-Current Liabilities	39.47M	46.39M	102.93M	100.65M	78.06M	78.84M	79.77M	97.37M	94.82M	64.78M
Total Liabilities	310.6M	237.53M	323.6M	382.08M	625M	723.48M	793.42M	790.47M	1.03B	1.12B
Total Debt+	100.11M	32.63M	32.08M	31.5M	295.72M	223.04M	222.07M	246.49M	266.88M	276.98M
Net Debt	-145.85M	-259.13M	-397.89M	-558.19M	-353.72M	-866.32M	-621.46M	-735.31M	-1.24B	-1.61B
Debt / Equity	0.10x	0.03x	0.03x	0.03x	0.26x	0.15x	0.14x	0.14x	0.13x	0.11x
Debt / EBITDA	0.47x	0.64x	0.12x	0.08x	0.78x	0.41x	0.37x	0.35x	0.27x	0.22x
Net Debt / EBITDA	-0.69x	-5.11x	-1.47x	-1.50x	-0.94x	-1.59x	-1.02x	-1.05x	-1.25x	-1.29x
Interest Coverage	27.89x	-0.26x	48.55x	70.23x	67.01x	83.64x	271.10x	189.64x	361.74x	335.26x
Total Equity+	967.47M	954.25M	940.78M	1.05B	1.14B	1.44B	1.54B	1.77B	2.11B	2.51B
Equity Growth %	0.03%	-0.01%	-0.01%	0.11%	0.09%	0.27%	0.07%	0.15%	0.19%	0.19%
Book Value per Share	4.88	4.92	4.90	5.83	6.62	8.47	9.23	11.03	13.48	16.46
Total Shareholders' Equity	967.47M	954.25M	940.78M	1.05B	1.14B	1.44B	1.54B	1.77B	2.11B	2.51B
Common Stock	320K	320K	304K	291K	280K	279K	270K	262K	1.54M	1.5M
Retained Earnings	826.45M	819.59M	785.87M	889.27M	973.95M	1.26B	1.35B	1.57B	1.91B	2.31B
Treasury Stock	0	0	0	0	0	0	0	0	0	0
Accumulated OCI	-20.56M	-26.45M	-12.98M	-22.65M	-25.56M	-16.74M	-24.95M	-39.03M	-50.73M	-49.65M
Minority Interest	0	0	0	0	0	0	0	0	0	0

Cash Flow

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Cash from Operations+	125.81M	199.33M	327.36M	359.5M	286.33M	596.22M	172.35M	537.42M	1.03B	1.04B
Operating CF Margin %	0.07%	0.11%	0.17%	0.18%	0.13%	0.23%	0.05%	0.15%	0.24%	0.21%
Operating CF Growth %	-0.26%	0.58%	0.64%	0.1%	-0.2%	1.08%	-0.71%	2.12%	0.92%	0.01%
Net Income	122.27M	5.71M	114.39M	264.31M	276.14M	382.57M	451.95M	516.82M	759.56M	966.09M
Depreciation & Amortization	50.02M	52.63M	48.57M	44.94M	38.91M	40.53M	42.88M	47.86M	57.17M	69.35M
Stock-Based Compensation	6.62M	6.17M	14.31M	14.77M	14.48M	22.7M	26.82M	26.9M	37.29M	37.94M
Deferred Taxes	8.17M	-24.5M	8.14M	6.94M	2.93M	-8.17M	-27.8M	-9.72M	-1.51M	-5.54M
Other Non-Cash Items	34.29M	159.91M	6.66M	3.5M	4.86M	22.21M	4.5M	9.87M	12.87M	14.88M
Working Capital Changes	-95.55M	-598K	135.29M	25.04M	-50.99M	136.37M	-326M	-54.3M	167.81M	-38.2M
Change in Receivables	-23.55M	-1.34M	10.77M	-16.16M	-10.49M	-33.17M	-86.63M	12.65M	-34.62M	-41.34M
Change in Inventory	-61.49M	1.06M	-751K	8.83M	-32.78M	33.38M	-228.55M	-26.06M	58.54M	-24.34M
Change in Payables	14.78M	-7.83M	-4.46M	26.67M	23.31M	79.18M	89.18M	-74.25M	119.6M	35.64M
Cash from Investing+	-67.22M	-44.5M	-34.7M	-29.02M	-31.96M	-32.17M	-51.01M	-81.01M	-89.33M	-75M
Capital Expenditures	-70.89M	-44.5M	-34.81M	-29.09M	-32.45M	-32.22M	-51.02M	-81.03M	-89.36M	-86.17M
CapEx % of Revenue	0.04%	0.02%	0.02%	0.01%	0.02%	0.01%	0.02%	0.02%	0.02%	0.02%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	-1.03M	0	116K	68K	0	0	0	0	34K	0
Cash from Financing+	-36.81M	-103.76M	-157.72M	-167.19M	-192.11M	-129.58M	-367.48M	-309.03M	-417.68M	-581.33M
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	0	0	0	0	0	0	0	0	0	0
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	61.57M	-19.26M	0	-1.3M	4.9M	-7.43M	1.2M	4.4M	4.79M	-18.14M
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	54.93M	154.83M	292.54M	330.42M	253.88M	564M	121.34M	456.4M	943.82M	958.35M
FCF Margin %	0.03%	0.09%	0.15%	0.16%	0.12%	0.22%	0.04%	0.13%	0.22%	0.19%
FCF Growth %	-0.2%	1.82%	0.89%	0.13%	-0.23%	1.22%	-0.78%	2.76%	1.07%	0.02%
FCF per Share	0.28	0.80	1.52	1.84	1.47	3.31	0.73	2.85	6.04	6.28
FCF Conversion (FCF/Net Income)	1.03x	34.91x	2.86x	1.36x	1.04x	1.56x	0.38x	1.04x	1.36x	1.08x
Interest Paid	4.64M	5.49M	3.77M	3.81M	2.47M	2.93M	1.84M	1.88M	1.78M	1.79M
Taxes Paid	29.92M	14.1M	14.41M	53.66M	74.57M	104.07M	192.09M	135.99M	234.06M	345.4M

Key Ratios

Metric	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Return on Equity (ROE)	12.84%	0.59%	12.07%	26.62%	25.27%	29.61%	30.3%	31.28%	39.22%	41.82%
Return on Invested Capital (ROIC)	15.47%	-0.19%	26.97%	47.68%	39.83%	55.44%	56.65%	50.27%	73.12%	99.75%
Gross Margin	45.15%	46.66%	48.95%	51.49%	51.75%	53.98%	51.03%	50.32%	55.63%	57.88%
Net Margin	6.52%	0.32%	6.01%	13.08%	12.95%	15.03%	14.35%	14.25%	17.71%	19.38%
Debt / Equity	0.10x	0.03x	0.03x	0.03x	0.26x	0.15x	0.14x	0.14x	0.13x	0.11x
Interest Coverage	27.89x	-0.26x	48.55x	70.23x	67.01x	83.64x	271.10x	189.64x	361.74x	335.26x
FCF Conversion	1.03x	34.91x	2.86x	1.36x	1.04x	1.56x	0.38x	1.04x	1.36x	1.08x
Revenue Growth	3.2%	-4.54%	6.32%	6.15%	5.56%	19.36%	23.75%	15.14%	18.21%	16.28%

Revenue by Segment

	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Direct-to-Consumer	644.32M	666.34M	715.72M	715.03M	736.86M	1.07B	1.21B	1.47B	1.86B	2.13B
Direct-to-Consumer Growth	-	3.42%	7.41%	-0.10%	3.05%	44.77%	13.77%	20.85%	26.51%	14.78%
Hoka Brand	-	-	-	185.06M	277.1M	405.24M	628.67M	925.88M	1.13B	1.4B
Hoka Brand Growth	-	-	-	-	49.74%	46.25%	55.14%	47.27%	21.63%	24.12%
UGG Wholesale	918.1M	826.36M	841.89M	888.35M	892.99M	871.8M	1.09B	1B	1.12B	1.28B
UGG Wholesale Growth	-	-9.99%	1.88%	5.52%	0.52%	-2.37%	24.81%	-7.69%	11.04%	14.98%
Other Wholesale	100.82M	116.21M	149.96M	42.82M	67.17M	69.38M	60.57M	53.65M	60.03M	175.77M
Other Wholesale Growth	-	15.26%	29.05%	-71.45%	56.88%	3.28%	-12.69%	-11.42%	11.88%	192.82%
Teva Wholesale	121.24M	103.69M	117.48M	119.39M	119.11M	105.93M	129.09M	149.11M	113.74M	-
Teva Wholesale Growth	-	-14.47%	13.29%	1.63%	-0.24%	-11.07%	21.87%	15.51%	-23.72%	-
Sanuk Wholesale	90.72M	77.55M	78.28M	69.79M	39.46M	26.57M	30.32M	27.68M	17.18M	-
Sanuk Wholesale Growth	-	-14.51%	0.94%	-10.85%	-43.46%	-32.68%	14.12%	-8.70%	-37.95%	-

Frequently Asked Questions

Valuation & Price

Deckers Outdoor Corporation (DECK) has a price-to-earnings (P/E) ratio of 16.3x. This is roughly in line with market averages.

Growth & Financials

Deckers Outdoor Corporation (DECK) reported $5.24B in revenue for fiscal year 2025. This represents a 281% increase from $1.38B in 2012.

Deckers Outdoor Corporation (DECK) grew revenue by 16.3% over the past year. This is strong growth.

Yes, Deckers Outdoor Corporation (DECK) is profitable, generating $1.02B in net income for fiscal year 2025 (19.4% net margin).

Dividend & Returns

Deckers Outdoor Corporation (DECK) has a return on equity (ROE) of 41.8%. This is excellent, indicating efficient use of shareholder capital.

Deckers Outdoor Corporation (DECK) generated $979.9M in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

US Stock Screener

...