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%
Market cap
$11.7B
P/E
11.6×
Fwd P/E
10.4×
Dividend yield
—
F-score
6/9
Altman Z
11.49
Beneish M
−2.69
Dividend safety
n/a

Revenue by segment Fiscal 2026

  • UGG
  • HOKA
  • Other Brands Segment

Every year since 2023 →

Insider Decisions last twelve months

Sold, $m 1.05
Trades a month
Jan 26 Apr 26 Jul 26 Oct 26
Buy — — — — — — — — — — — —
Sell — — 3 — — — — — — — — —
Insider Ownership 2.42%

Capital & Financial Ratios $m

Size
Market Cap 11,710.00
Revenue ttm 5,577.00
Net income ttm 1,059.82
Free cash flow ttm 1,052.60
Net debt Q (1,209.72)
Valuation
P/E 11.59
Forward P/E 10.40
Price / sales 2.12
Forward P/S Powerpack
Price / FCF 11.50
Price / book 5.10
Financial health
Current ratio Q 2.72 (at or above 1.5: strong)
Debt / equity Q 0.00 (at or below 0.5: strong)
Interest coverage Q 277.59
Growth
Revenue growth Q +3.47% (above 0%: growing)
Operating income growth Q +19.27% (above 0%: growing)
EPS, this year +11.06%
EPS, next year A +4.10%
Revenue, next year A +4.33%
EPS, past 5 yrs +25.61% (at or above 15%: strong)
EPS, next 5 yrs A +8.87%

Green and red mark values outside typical ranges; (Q) is the latest quarter, (A) analysts’ estimates. How we judge →

Valuation vs history

P/E against its own 10 years 2.96%
10-year low 10-year high
P/S against its own 10 years 35.83%
10-year low 10-year high
P/B against its own 10 years 47.12%
10-year low 10-year high
EV/Sales against its own 10 years 36.08%
10-year low 10-year high
EV/FCF against its own 10 years 10.63%
10-year low 10-year high

Dividends

Yield
—
Annual rate
—
Payout ratio
—

Assets vs Liabilities $m

2024 2025 2026 Q'26
Cash 1,502 1,889 1,907 1,210
Receivables 340 369 321 691
Inventory 474 495 487 861
Other 93 67 82 81
2,443 2,860 2,850 2,911
2024 2025 2026 Q'26
Payables 379 418 385 648
ST’ Debt — — — —
Other — — — —
720 770 804 1,069

Compound Annual Growth %

10y 5y 3y
Sales 11.30% 16.54% 14.69%
Cash Flow 25.11% 14.67% 30.05%
Earnings 23.68% 21.77% 25.60%
Book Value 9.96% 11.60% 12.28%

Earnings Trends EPS, adjusted, against the consensus

EPS $

Jun Sep Dec Mar Year
’26 0.94 2.31 — — —
’26 0.93 1.82 3.33 0.96 7.02
’25 0.75 1.59 3.00 1.00 6.33
’24 0.40 1.14 2.52 0.83 4.86
’23 0.28 0.63 1.75 0.58 3.23
’22 0.29 0.61 1.40 0.42 2.71
’21 (0.05) 0.60 1.50 0.20 2.25
Fiscal quarters ending in the months shown.

Revenue $m

Jun Sep Dec Mar Year
’26 1,020 1,481 — — —
’26 965 1,431 1,958 1,119 5,472
’25 825 1,311 1,827 1,022 4,986
’24 676 1,092 1,560 960 4,288
’23 614 876 1,346 792 3,627
’22 505 722 1,188 736 3,150
’21 283 624 1,078 561 2,546
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Jun Sep Dec Mar Year
’26 48 (57) — — —
’26 36 8 1,042 96 1,182
’25 113 (91) 1,095 (73) 1,045
’24 125 (4) 940 (29) 1,033
’23 (29) (208) 715 60 537
’22 (36) (136) 400 (55) 172
’21 21 (37) 538 74 596
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Jun Sep Dec Mar Year
’26 33 (79) — — —
’26 12 (14) 1,020 79 1,097
’25 90 (102) 1,071 (89) 970
’24 95 (30) 924 (44) 944
’23 (41) (220) 683 35 456
’22 (52) (148) 385 (65) 121
’21 12 (41) 530 63 564
Fiscal quarters ending in the months shown.

Valuation

The price implies free cash flow after share-based pay growing −2.2% a year for ten years. It grew 29.0% a year over the last ten.

Implied
−2.2%
10 years, reported
29.0%
Open the model

Target Price Range

Analyst price targets

Recommendation Rating

2.4
1Buy 2 3Hold 4 5Sell

Ten 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

All 10 years →

Fiscal years to Mar 2026 · latest quarter Sep 2026 · fundamentals updated 2 Nov 2026

Business profile

Updated

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.

Where the money comes from and where it goes Fiscal 2026

Fiscal 2026: revenue by segment, and margins
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%

Revenue by segment since 2023

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%

All 14 Footwear & Accessories stocks →

From the latest earnings call

Updated

  • 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.

Analyst rating changes each firm’s latest, last six months

Firm Date Action Rating Target
UBS Oct 23, 2026 Reiterated Buy 137.00
Piper Sandler Oct 23, 2026 Downgrade Underperform 75.00
BMO Oct 20, 2026 Initiated Underperform —

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

4 Nov

DECK metrics, ten years each

stockrow.com/DECK · Data as of Nov 2, 2026 · For information only; not investment advice. · © 2026 stockrow.com