Friday 6 November 2026
Export DECK’s income statement to Excel — free account
Deckers Outdoor Corporation
DECK Consumer Cyclical Footwear & Accessories
Deckers Outdoor Corporation’s revenue for fiscal 2026 (year ended March 2026) was $5.5 billion, up 9.76% from fiscal 2025.
- Revenue
- +3.47%
- EPS
- +27.5%
- Free cash flow
- −468.6%
Quarter to September 2026, against a year earlier
87.63
1.48
−1.66%
Follow DECK
Alert me
Target Price Range
Analyst price targets
Free accountTen years at a glance Fiscal years to March
| Ten-year view | Analyst estimates Powerpack | |||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Group | Line | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | TTM Sep ’26 | Trend | 10 yrs | 2027e | 2028e | 2029e | Next 3/yr |
| Income, $m | ||||||||||||||||||
| Income, $m | Revenue | 1,790 | 1,903 | 2,020 | 2,133 | 2,546 | 3,150 | 3,627 | 4,288 | 4,986 | 5,472 | 5,577 | +13.2% | 5,709 | 6,041 | 6,461 | +5.7% | |
| Gross margin, % | 46.66 | 48.95 | 51.49 | 51.75 | 53.98 | 51.03 | 50.32 | 55.63 | 57.88 | 57.70 | 58.93 | +11.0 pt | ||||||
| EBT | (7) | 221 | 329 | 341 | 502 | 565 | 666 | 979 | 1,243 | 1,326 | 1,373 | n/m | ||||||
| EBT margin, % | (0.39) | 11.60 | 16.28 | 15.98 | 19.70 | 17.92 | 18.36 | 22.83 | 24.94 | 24.24 | 24.63 | +24.6 pt | ||||||
| Net income | 6 | 114 | 264 | 276 | 383 | 452 | 517 | 760 | 966 | 1,024 | 1,060 | +78.0% | ||||||
| Per share, $ | ||||||||||||||||||
| Per share, $ | Revenue | 9.32 | 9.99 | 11.36 | 12.52 | 15.12 | 19.09 | 22.81 | 27.62 | 32.80 | 37.61 | 41.30 | +16.8% | |||||
| Earnings | 0.03 | 0.60 | 1.49 | 1.62 | 2.27 | 2.74 | 3.25 | 4.89 | 6.36 | 7.04 | 7.56 | +83.4% | ||||||
| Cash flow | 1.04 | 1.72 | 2.02 | 1.68 | 3.54 | 1.04 | 3.38 | 6.66 | 6.87 | 8.12 | 8.36 | +25.7% | ||||||
| Capex | (0.23) | (0.18) | (0.16) | (0.19) | (0.19) | (0.31) | (0.51) | (0.58) | (0.49) | (0.58) | (0.56) | +10.8% | ||||||
| Free cash flow | 0.81 | 1.54 | 1.86 | 1.49 | 3.35 | 0.74 | 2.87 | 6.08 | 6.38 | 7.54 | 7.79 | +28.2% | ||||||
| Book value | 4.97 | 4.94 | 5.88 | 6.69 | 8.58 | 9.32 | 11.10 | 13.58 | 16.53 | 17.18 | 17.19 | +14.8% | ||||||
| Shares, m | 192 | 191 | 178 | 170 | 168 | 165 | 159 | 155 | 152 | 145 | 141 | (3.0%) | ||||||
| Valuation, × | ||||||||||||||||||
| Valuation, × | P/E | 333.11 | 24.05 | 16.22 | 13.62 | 24.26 | 16.64 | 23.01 | 31.58 | 17.59 | 14.20 | 11.59 | 51.4 | |||||
| P/S | 1.07 | 1.44 | 2.15 | 1.78 | 3.64 | 2.39 | 3.29 | 5.61 | 3.41 | 2.66 | 2.12 | 2.7 | ||||||
| P/B | 2.00 | 2.92 | 4.16 | 3.34 | 6.42 | 4.89 | 6.75 | 11.42 | 6.76 | 5.83 | 5.10 | 5.4 | ||||||
| EV/Sales | 0.92 | 1.24 | 1.88 | 1.49 | 3.23 | 2.13 | 3.02 | 5.27 | 3.04 | 2.32 | 1.91 | 2.5 | ||||||
| EV/FCF | 12.60 | 8.74 | 12.36 | 13.80 | 15.19 | 68.80 | 25.34 | 24.56 | 16.00 | 11.82 | 10.35 | 20.9 | ||||||
| Cash, $m | ||||||||||||||||||
| Cash, $m | Operating cash flow | 199 | 327 | 360 | 286 | 596 | 172 | 537 | 1,033 | 1,045 | 1,182 | 1,128 | +21.9% | |||||
| Capex | (44) | (35) | (29) | (32) | (32) | (51) | (81) | (89) | (75) | (85) | (76) | +7.4% | ||||||
| Free cash flow | 155 | 293 | 330 | 254 | 564 | 121 | 456 | 944 | 970 | 1,097 | 1,053 | +24.3% | ||||||
| Balance, $m | ||||||||||||||||||
| Balance, $m | Working capital | 662 | 722 | 845 | 893 | 1,182 | 1,210 | 1,413 | 1,723 | 2,091 | 2,046 | 1,843 | +13.4% | |||||
| Net debt | (260) | (398) | (559) | (619) | (1,089) | (844) | (982) | (1,502) | (1,889) | (1,907) | (1,210) | +24.8% | ||||||
| Shareholders’ equity | 954 | 941 | 1,045 | 1,140 | 1,444 | 1,539 | 1,766 | 2,107 | 2,513 | 2,500 | 2,321 | +11.3% | ||||||
| Returns, % | ||||||||||||||||||
| Returns, % | ROA | 0.46 | 9.31 | 19.64 | 17.30 | 19.46 | 20.09 | 21.14 | 26.69 | 28.81 | 28.22 | 27.41 | +27.8 pt | |||||
| ROIC | (0.17) | 25.65 | 42.06 | 40.57 | 88.80 | 50.76 | 52.04 | 95.75 | 118.13 | 133.24 | 73.97 | +133.4 pt | ||||||
| ROE | 0.59 | 12.07 | 26.62 | 25.27 | 29.61 | 30.30 | 31.28 | 39.22 | 41.82 | 40.86 | 44.27 | +40.3 pt | ||||||
| People | ||||||||||||||||||
| People | Employees | 3,300 | 3,500 | 3,500 | 3,600 | 3,400 | 4,000 | 4,200 | 4,800 | 5,500 | 6,000 | — | +6.9% | |||||
| Revenue/emp, $m | 0.54 | 0.54 | 0.58 | 0.59 | 0.75 | 0.79 | 0.86 | 0.89 | 0.91 | 0.91 | — | +5.9% | ||||||
Negative figures in brackets.
estimates
Fiscal years to Mar 2026 · latest quarter Sep 2026 · fundamentals updated 2 Nov 2026
Business profile
Where the money comes from and where it goes Fiscal 2026
| UGG | 2,739 | 50.05% |
|---|---|---|
| HOKA | 2,587 | 47.28% |
| Other Brands Segment | 146 | 2.67% |
| Gross margin | 57.70% | |
| Operating margin | 23.08% | |
| Pre-tax margin | 24.24% |
Deckers Outdoor Corporation vs peers in Footwear & Accessories (Q) = latest quarter vs a year earlier
| Company | Market cap | P/E | Fwd P/E | Revenue growth (Q) | EPS growth (Q) | FCF growth (Q) | Gross margin (Q) | EBIT margin (Q) | Compare |
|---|---|---|---|---|---|---|---|---|---|
| NKE NIKE, Inc. | $58.8B | 18.9× | 30.9× | −4.33% (below 0%: shrinking) | −2.04% (below 0%: shrinking) | −526.67% (below 0%: shrinking) | 42.79% | 7.92% | Compare |
| ONON On Holding AG | $12.4B | 47.9× | 22.6× | +18.47% (above 0%: growing) | n/m | +151.45% (above 0%: growing) | 65.35% | 14.04% | Compare |
| DECK Deckers Outdoor Corporation | $11.7B | 11.6× | 10.4× | +3.47% (above 0%: growing) | +27.47% (above 0%: growing) | −468.62% (below 0%: shrinking) | 60.46% | 26.30% | |
| CROX Crocs, Inc. | $7.0B | 11.3× | 10.1× | +4.65% (above 0%: growing) | +68.07% (above 0%: growing) | +21.83% (above 0%: growing) | 66.16% | 28.00% | Compare |
| BIRK Birkenstock Holding PLC | $6.6B | 17.3× | 16.6× | +16.05% (above 0%: growing) | −10.26% (below 0%: shrinking) | −3.15% (below 0%: shrinking) | 59.05% | 28.22% | Compare |
| SHOO Steven Madden, Ltd. | $2.9B | 19.2× | 16.4× | +19.12% (above 0%: growing) | n/m | +233.50% (above 0%: growing) | 46.50% | 5.90% | Compare |
| WWW Wolverine World Wide, Inc. | $1.8B | 16.8× | 12.7× | +6.79% (above 0%: growing) | +15.62% (above 0%: growing) | +104.37% (above 0%: growing) | 46.47% | 9.34% | Compare |
| WEYS Weyco Group, Inc. | $602.4M | 16.9× | 6.9× | +6.86% (above 0%: growing) | +487.50% (above 0%: growing) | −31.69% (below 0%: shrinking) | 70.37% | 27.36% | Compare |
| FOSL Fossil Group, Inc. | $459.2M | — (loss-making) | — (loss-making) | −4.86% (below 0%: shrinking) | n/m | −130.01% (below 0%: shrinking) | 62.38% | 1.53% | Compare |
| Median of peers | $4.7B | 17.3× | 16.4× | +6.83% | +15.62% | +9.34% | 60.72% | 11.69% |
From the latest earnings call
- CEO Stefano Caroti said increased U.S. promotions weighed on e-commerce as Deckers maintained full-price selling, while consumers increasingly concentrated purchases around promotional events.
- CFO Steve Fasching said European logistics delays affected approximately $22 million in quarterly shipments, and some delayed orders could be canceled rather than recovered.
Largest institutional holders 13F, quarter to 30 June 2026
Held by institutions
96.93%
Held by the ten largest
43.94%
| Holder | Shares | Stake | Change |
|---|---|---|---|
| Vanguard | 16.59m | 12.13% | +34.48k |
| BlackRock | 13.53m | 9.90% | −1.25m |
| State Street | 6.32m | 4.62% | +138.34k |
| Fidelity (FMR) | 5.29m | 3.87% | −846.44k |
| Geode Capital Management | 4.29m | 3.14% | +251.52k |
| UBS | 3.61m | 2.64% | −347.90k |
| Invesco | 3.08m | 2.25% | +77.28k |
| AQR Capital Management | 2.71m | 1.98% | −1.19m |
| Morgan Stanley | 2.45m | 1.79% | +326.29k |
| Robeco Institutional Asset Management B.V. | 2.22m | 1.62% | +227.37k |
13F filings for the quarter to 30 June 2026: long positions in US-listed shares reported by managers with $100m or more, ~45 days after the quarter.
Pay and ownership Proxy statement filed 24 July 2026
Chief executive’s pay
| Year | Total pay | Actually paid | $100 invested |
|---|---|---|---|
| 2026 | 11.90m | 10.88m | 181.80 |
| 2024 | 14.26m | 30.79m | 284.90 |
| 2023 | 11.39m | 21.42m | 136.10 |
| 2022 | 10.85m | 6.19m | 82.90 |
Ownership
Directors and executive officers, together
0.40%
BlackRock, Inc.
10.50%
Vanguard Capital Management
7.80%
Total pay is as the Summary Compensation Table states it; actually paid revalues the year’s share awards
at its end, as the SEC’s pay-versus-performance rule asks. $100 invested is what $100 in the company’s
shares at the start of the earliest year shown was worth at each year’s end.
Ownership is the proxy’s own table: the directors and officers as a group, and every holder of 5% or more.
Read the proxy statement
Deckers Outdoor Corporation (DECK) Latest News
26 Oct
24 Oct
23 Oct
22 Oct
20 Oct
DECK metrics, ten years each
- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Free cash flow
- Operating cash flow
- Gross margin
- Operating margin
- Net margin
- Free cash flow margin
- P/E ratio
- P/S ratio
- P/B ratio
- Price to free cash flow
- EV/EBITDA
- EV/Sales
- EV/FCF
- Return on equity
- Return on assets
- Return on invested capital
- Debt to equity
- Current ratio
- Total debt
- Shares outstanding
- Book value per share
- Revenue growth
- Piotroski F-score
- Altman Z-score
- Beneish M-score
Deckers Outdoor Corporation designs, markets and distributes footwear, apparel and accessories for casual lifestyle use and high-performance activities. Its main brands are HOKA, UGG and Teva. The company was founded in 1993 and is headquartered in Goleta.
HOKA sells performance footwear with cushioning, stability and low weight. Its range covers running, trail, hiking, fitness and lifestyle footwear, plus apparel and accessories. UGG sells premium footwear, apparel and accessories centred on comfort and lifestyle use, with year-round offerings. Teva sells sandals, shoes and boots for outdoor pursuits.