Tearsheet

Deckers Outdoor (DECK)

Market Price (3/28/2026): $93.8 | Market Cap: $13.5 Bil
Sector: Consumer Discretionary | Industry: Footwear

Deckers Outdoor (DECK)

Market Price (3/28/2026): $93.8
Market Cap: $13.5 Bil
Sector: Consumer Discretionary
Industry: Footwear

Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.

0	Attractive yield Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 7.7%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 3.6%, FCF Yield is 6.9%	Weak multi-year price returns 2Y Excs Rtn is -61%, 3Y Excs Rtn is -32%	Key risks DECK key risks include [1] its dependence on a limited supply of quality sheepskin for its UGG brand and [2] its significant sales concentration in the UGG and HOKA brands.
1	Cash is significant % of market cap Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -13%
2	Attractive operating margins Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is 24%
3	Attractive cash flow generation CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 19%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 17%
4	Megatrend and thematic drivers Megatrends include E-commerce & Digital Retail, Experience Economy & Premiumization, and Health & Wellness Trends. Themes include Direct-to-Consumer Brands, Show more.

0	Attractive yield Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 7.7%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 3.6%, FCF Yield is 6.9%
1	Cash is significant % of market cap Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -13%
2	Attractive operating margins Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is 24%
3	Attractive cash flow generation CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 19%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 17%
4	Megatrend and thematic drivers Megatrends include E-commerce & Digital Retail, Experience Economy & Premiumization, and Health & Wellness Trends. Themes include Direct-to-Consumer Brands, Show more.
5	Weak multi-year price returns 2Y Excs Rtn is -61%, 3Y Excs Rtn is -32%
6	Key risks DECK key risks include [1] its dependence on a limited supply of quality sheepskin for its UGG brand and [2] its significant sales concentration in the UGG and HOKA brands.

Valuation, Metrics & Events

	3/28/26	2025	2024	2023	2022
Share Price CYE	$93.80	$103.67	$203.09	$111.41	$66.53
Market Cap CYE ($ Bil)	13.5	14.9	30.8	17.2	10.5
Total Debt ($ Bil)	0.3	0.3	0.3	0.3	0.2
Total Cash ($ Bil)	2.1	2.1	2.2	1.7	1.1
Enterprise Value ($ Bil)	11.8	15.2	31.1	17.5	10.7
Valuation Ratios
P/S TTM	2.5	2.8	6.3	4.2	3.0
P/EBIT TTM	10.0	11.1	25.3	18.4	16.6
P/E TTM	13.0	14.4	32.7	23.7	21.4
P/FCF TTM	14.5	16.1	30.7	16.8	29.5
Sector Ratios
P/S TTM (Sector)	0.8	0.9	0.9	0.9	0.9
P/EBIT TTM (Sector)	7.6	7.9	8.5	7.7	6.2
P/E TTM (Sector)	11.0	11.5	11.7	10.6	8.1
P/FCF TTM (Sector)	9.4	10.9	12.2	9.7	6.6

	3/28/26	2025	2024
Share Price CYE	$93.80	$103.67	$203.09
Market Cap CYE ($ Bil)	13.5	14.9	30.8
Total Debt ($ Bil)	0.3	0.3	0.3
Total Cash ($ Bil)	2.1	2.1	2.2
Enterprise Value ($ Bil)	11.8	15.2	31.1
Valuation Ratios
P/S TTM	2.5	2.8	6.3
P/EBIT TTM	10.0	11.1	25.3
P/E TTM	13.0	14.4	32.7
P/FCF TTM	14.5	16.1	30.7
Sector Ratios
P/S TTM (Sector)	0.8	0.9	0.9
P/EBIT TTM (Sector)	7.6	7.9	8.5
P/E TTM (Sector)	11.0	11.5	11.7
P/FCF TTM (Sector)	9.4	10.9	12.2

	DECK	S&P 500
REVENUE GROWTH	FAIR
Rev LTM ($ Bil)	5.4
Rev Chg Q	7.1%	7.3%
Rev Chg LTM	9.2%	6.7%
Rev Chg 3Y Avg	14.7%	5.7%
PROFITABILITY	FAIR
Op Inc LTM ($ Bil)	1.3
CFO LTM ($ Bil)	1.0
Net Inc LTM ($ Bil)	1.0
Op Mgn LTM	23.8%	18.6%
CFO/Rev LTM	18.8%	20.7%
Net Inc Mgn	19.3%	12.8%
VALUATION	LOW
P/S	2.5	3.1
P/CFO	13.3	15.0
P/FCF	14.5	19.6
P/E	13.0	23.7
STABILITY	VERY GOOD
Debt/Equity	0.03	0.22
Cash/Assets	0.51	0.07

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Metric	Value	Date	Source
HOKA Brand Net Sales	$1,287,205,000	10312025	Link
UGG Brand Net Sales	$1,024,679,000	10312025	Link
Wholesale Net Sales	$1,690,000,000	9302025	Link
Direct-to-Consumer (DTC) Net Sales	$706,800,000	9302025	Link
International Net Sales	$1,054,590,000	10312025	Link
Domestic Net Sales	$1,340,788,000	10312025	Link
DTC Comparable Net Sales Increase	17.0%	9302024	Link
Number of HOKA-owned Stores	42	10292025	Link
e-commerce as a percentage of DTC revenue	48%	10292025	Link

Upcoming
5/21/2026	Earnings Release	Rev: $1.0 Bil (E) EPS: $0.81 (E)

Price Chart

Return (1M):

Why The Stock Moved

Qualitative Assessment

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Deckers Outdoor (DECK) stock has gained about 5% since 11/30/2025 because of the following key factors:

1. Strong Q3 Fiscal Year 2026 Financial Performance and Raised Full-Year Guidance.

Deckers Outdoor reported exceptional third-quarter fiscal year 2026 results on January 29, 2026, significantly exceeding analyst expectations. The company posted diluted earnings per share (EPS) of $3.33, beating the consensus estimate of $2.77 by $0.56. Quarterly revenue increased by 7.1% year-over-year to $1.96 billion, surpassing the consensus estimate of $1.87 billion. Furthermore, management raised its full-year fiscal 2026 revenue guidance to a range of $5.4 billion to $5.425 billion and its diluted EPS guidance to $6.80 to $6.85, indicating a projected 7-8% growth.

2. Sustained Strong Demand and Growth for Core Brands HOKA and UGG.

The robust financial performance was largely driven by the continued strong momentum of Deckers' key brands. HOKA brand revenue grew 18% in Q3 fiscal year 2026, while UGG achieved record quarterly revenue of $1.3 billion. For the full fiscal year 2026, HOKA is expected to deliver mid-teens revenue growth and UGG mid-single-digit increases, both at the higher end of previous guidance, reflecting persistent global demand and successful brand management.

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Stock Movement Drivers

Fundamental Drivers

The 6.8% change in DECK stock from 11/30/2025 to 3/27/2026 was primarily driven by a 2.5% change in the company's Total Revenues ($ Mil).

(LTM values as of)	11302025	3272026	Change
Stock Price ($)	88.03	94.05	6.8%
Change Contribution By:
Total Revenues ($ Mil)	5,244	5,375	2.5%
Net Income Margin (%)	19.4%	19.3%	-0.1%
P/E Multiple	12.8	13.0	2.0%
Shares Outstanding (Mil)	147	144	2.3%
Cumulative Contribution			6.8%

LTM = Last Twelve Months as of date shown

Market Drivers

11/30/2025 to 3/27/2026

	Return	Correlation
DECK	6.8%
Market (SPY)	-5.3%	29.2%
Sector (XLY)	-10.4%	28.5%

Fundamental Drivers

The -21.4% change in DECK stock from 8/31/2025 to 3/27/2026 was primarily driven by a -27.8% change in the company's P/E Multiple.

(LTM values as of)	8312025	3272026	Change
Stock Price ($)	119.63	94.05	-21.4%
Change Contribution By:
Total Revenues ($ Mil)	5,125	5,375	4.9%
Net Income Margin (%)	19.3%	19.3%	0.2%
P/E Multiple	18.1	13.0	-27.8%
Shares Outstanding (Mil)	149	144	3.7%
Cumulative Contribution			-21.4%

LTM = Last Twelve Months as of date shown

Market Drivers

8/31/2025 to 3/27/2026

	Return	Correlation
DECK	-21.4%
Market (SPY)	0.6%	24.3%
Sector (XLY)	-8.5%	33.5%

Fundamental Drivers

The -32.5% change in DECK stock from 2/28/2025 to 3/27/2026 was primarily driven by a -42.0% change in the company's P/E Multiple.

(LTM values as of)	2282025	3272026	Change
Stock Price ($)	139.36	94.05	-32.5%
Change Contribution By:
Total Revenues ($ Mil)	4,924	5,375	9.2%
Net Income Margin (%)	19.1%	19.3%	1.1%
P/E Multiple	22.5	13.0	-42.0%
Shares Outstanding (Mil)	152	144	5.4%
Cumulative Contribution			-32.5%

LTM = Last Twelve Months as of date shown

Market Drivers

2/28/2025 to 3/27/2026

	Return	Correlation
DECK	-32.5%
Market (SPY)	9.8%	45.5%
Sector (XLY)	-1.3%	51.6%

Fundamental Drivers

The 35.5% change in DECK stock from 2/28/2023 to 3/27/2026 was primarily driven by a 50.5% change in the company's Total Revenues ($ Mil).

(LTM values as of)	2282023	3272026	Change
Stock Price ($)	69.39	94.05	35.5%
Change Contribution By:
Total Revenues ($ Mil)	3,572	5,375	50.5%
Net Income Margin (%)	13.8%	19.3%	39.9%
P/E Multiple	22.3	13.0	-41.5%
Shares Outstanding (Mil)	159	144	10.0%
Cumulative Contribution			35.5%

LTM = Last Twelve Months as of date shown

Market Drivers

2/28/2023 to 3/27/2026

	Return	Correlation
DECK	35.5%
Market (SPY)	69.4%	43.9%
Sector (XLY)	49.0%	46.4%

Return vs. Risk

Price Returns Compared

	2021	2022	2023	2024	2025	2026	Total [1]
Returns
DECK Return	28%	9%	67%	82%	-49%	-10%	96%
Peers Return	26%	-34%	0%	23%	-20%	-13%	-27%
S&P 500 Return	27%	-19%	24%	23%	16%	-5%	72%
Monthly Win Rates [3]
DECK Win Rate	75%	50%	67%	67%	33%	33%
Peers Win Rate	60%	30%	52%	50%	42%	40%
S&P 500 Win Rate	75%	42%	67%	75%	67%	33%
Max Drawdowns [4]
DECK Max Drawdown	-3%	-38%	-2%	-2%	-61%	-10%
Peers Max Drawdown	-11%	-53%	-24%	-17%	-39%	-16%
S&P 500 Max Drawdown	-1%	-25%	-1%	-2%	-15%	-5%

[1] Cumulative total returns since the beginning of 2021
[2] Peers: NKE, ONON, CROX, VFC, COLM. See DECK Returns vs. Peers.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 3/27/2026 (YTD)

How Low Can It Go

Unique Key	Event	DECK	S&P 500
2022 Inflation Shock	2022 Inflation Shock
2022 Inflation Shock% Loss	% Loss	-48.4%	-25.4%
2022 Inflation Shock% Gain to Breakeven	% Gain to Breakeven	94.0%	34.1%
2022 Inflation ShockTime to Breakeven	Time to Breakeven	308 days	464 days
2020 Covid Pandemic	2020 Covid Pandemic
2020 Covid Pandemic% Loss	% Loss	-54.7%	-33.9%
2020 Covid Pandemic% Gain to Breakeven	% Gain to Breakeven	120.7%	51.3%
2020 Covid PandemicTime to Breakeven	Time to Breakeven	76 days	148 days
2018 Correction	2018 Correction
2018 Correction% Loss	% Loss	-26.2%	-19.8%
2018 Correction% Gain to Breakeven	% Gain to Breakeven	35.5%	24.7%
2018 CorrectionTime to Breakeven	Time to Breakeven	108 days	120 days
2008 Global Financial Crisis	2008 Global Financial Crisis
2008 Global Financial Crisis% Loss	% Loss	-77.1%	-56.8%
2008 Global Financial Crisis% Gain to Breakeven	% Gain to Breakeven	337.3%	131.3%
2008 Global Financial CrisisTime to Breakeven	Time to Breakeven	473 days	1,480 days

Compare to NKE, ONON, CROX, VFC, COLM

In The Past

Deckers Outdoor's stock fell -48.4% during the 2022 Inflation Shock from a high on 9/16/2021. A -48.4% loss requires a 94.0% gain to breakeven.

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About Deckers Outdoor (DECK)

Business Description Analogies Products Customers Suppliers Management Key Risks Emerging Threats Market Size Revenue Drivers Capital Allocation

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 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 sheepskin and 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, 2021, it had 140 retail stores, including 71 concept stores and 69 outlet stores worldwide. The company was founded in 1973 and is headquartered in Goleta, California.

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1. A footwear-focused VF Corporation.

2. Like Gap Inc., but for a diverse portfolio of footwear brands rather than apparel.

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UGG products: Premium footwear, apparel, and accessories, often featuring sheepskin and other plush materials.
Teva products: Sandals, shoes, and boots designed for various activities.
Sanuk products: Relaxed casual shoes and sandals.
Hoka products: Performance footwear and apparel specifically for ultra-runners and athletes.
Koolaburra products: Fashion casual footwear, frequently utilizing sheepskin and other plush materials.

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Deckers Outdoor Corporation (DECK) sells its products through various channels, including department stores, domestic independent action sports and outdoor specialty footwear retailers, larger national retail chains, and online retailers (B2B wholesale). However, the specific names of these major customer companies are not provided in the background information.

Deckers Outdoor also sells its products directly to individual consumers through its own retail stores and e-commerce websites. Based on its brand portfolio, the company serves the following categories of individual customers:

Athletes and Active Lifestyle Enthusiasts: This category includes ultra-runners and athletes who purchase performance footwear and apparel under the Hoka brand, as well as individuals seeking durable and functional sandals, shoes, and boots for outdoor activities and an active lifestyle from the Teva brand. These customers prioritize performance, comfort, and durability for high-performance activities and outdoor adventures.
Casual Lifestyle and Comfort Seekers: This broad category encompasses consumers looking for premium, comfortable, and stylish footwear, apparel, and accessories for everyday wear. Brands like UGG cater to those desiring luxury, warmth, and on-trend casual styles, while Sanuk appeals to individuals seeking relaxed, comfortable, and casual shoes and sandals. These customers value comfort, style, and ease of wear in their daily lives.
Fashion-Conscious Consumers: Primarily targeted by brands such as UGG and Koolaburra, this segment includes individuals who seek trendy and fashionable footwear and accessories. Koolaburra, in particular, focuses on fashion casual footwear using plush materials, appealing to those who desire stylish options, while UGG also maintains a strong fashion presence. These customers are driven by current trends and the aesthetic appeal of their footwear.

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Stefano Caroti
Chief Executive Officer, President & Director

Mr. Caroti was appointed Chief Executive Officer and President of Deckers Outdoor Corporation on August 1, 2024, and was elected to the Board in September 2024. He brings over 32 years of industry experience across general management, sales, retail, product, marketing, business strategy, and brand management. Prior to his current role, he served as Deckers' Chief Commercial Officer and President of Omni-Channel. Before joining Deckers, Mr. Caroti was the Chief Commercial Officer and Managing Director at PUMA from August 2008 to December 2014, where he was responsible for the company's global wholesale, retail, and e-commerce divisions. He also held several senior executive positions at NIKE, Inc. in general management, sales, product, and marketing, including Vice President of EMEA commerce.

Steven J. Fasching
Chief Financial Officer

Mr. Fasching was appointed Chief Financial Officer of Deckers Outdoor Corporation in June 2018. He joined Deckers in August 2011 as Vice President, Strategic Financial Planning, and subsequently served as Vice President, Strategy & Investor Relations from January 2016 to February 2018, and Senior Vice President, Corporate Strategy, Planning & Investor Relations since February 2018. Mr. Fasching possesses over 30 years of experience in long-term financial and strategic planning within multi-billion dollar organizations. Before his tenure at Deckers, he held senior finance-related roles at Princess Cruises.

Angela Ogbechie
Chief Supply Chain Officer

Ms. Ogbechie was appointed Chief Supply Chain Officer of Deckers Outdoor Corporation in June 2022. Prior to this, she served as Senior Vice President, Global Operations and Supply Chain Strategy since November 2021. Ms. Ogbechie has been with Deckers since 2008, holding various senior supply chain positions and gaining extensive experience in global demand planning, logistics, distribution, and fulfillment. Before joining Deckers, she worked as a Senior Consultant at Grant Thornton LLP from July 2005 to June 2008. She holds a B.A. in Economics from Stanford University and an M.B.A. from Columbia University Business School.

Anne Spangenberg
President, Fashion Lifestyle Group

Ms. Spangenberg was appointed President of the Fashion Lifestyle Group in July 2022. She joined Deckers following a 13-year career at NIKE, Inc., where she held the position of Chief Merchant. Her prior experience includes leadership roles at Gap, Inc. and Macy's West. Ms. Spangenberg has over 25 years of experience in global consumer-focused omni-channel retail, covering product creation, merchandising, buying, analytics, stores, digital, wholesale, and vertical. She earned her B.A. in International Relations from the University of California, Davis.

Robin Green
President, HOKA Brand

Ms. Green was appointed President of HOKA in February 2024. Before joining Deckers, she spent 17 years at NIKE, Inc., where she advanced through various roles, culminating in her position as Global Vice President of Men's Running and Fitness. She has over 20 years of experience across the global consumer products landscape, with strong expertise in leading and operating complex businesses to maximize their potential and drive growth. Ms. Green holds a B.A. in Economics from the University of California, Davis.

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Key Risks to Deckers Outdoor (DECK)

Macroeconomic Headwinds and Consumer Spending Sensitivity: Deckers operates in the consumer discretionary sector, making its business highly sensitive to economic cycles, inflationary pressures, and changes in consumer disposable income. Economic downturns or cautious consumer behavior can lead to reduced demand for footwear and apparel, increased promotional activities, and potential "demand erosion," directly impacting profitability and sales, particularly for the company's direct-to-consumer strategy which relies on full-price sales.
Intense Competition: The footwear and apparel industry is highly competitive, with numerous companies vying for market share. Deckers faces significant challenges from aggressive strategies by competitors such as Nike and Adidas, especially in segments where its Hoka brand operates. Maintaining market share and competitive positioning necessitates continuous product innovation, differentiation, and substantial marketing and research and development expenditures. Additionally, the company faces risks from counterfeit product sales, which can dilute brand value and lead to legal disputes.
Supply Chain Disruptions and Concentration: Deckers' ability to timely source, manufacture, and distribute its products is critical. The company's supply chain is vulnerable to disruptions, including those arising from geopolitical tensions and manufacturing concentration in specific regions, such as Vietnam for a significant portion of its footwear. Furthermore, reliance on specific raw materials like sheepskin for a considerable portion of UGG brand products, coupled with limited suppliers and specific quality requirements, poses a risk if supply is interrupted, prices become unacceptable, or if there are legal or social impediments to its use. Such disruptions can interrupt product flow, increase production and transportation costs, and lead to inventory shortages and lost sales.

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Deckers Outdoor (DECK) Addressable Markets

Deckers Outdoor Corporation (symbol: DECK) operates in several footwear market segments through its main brands. The addressable market sizes for their primary products or services are outlined below:

UGG: The global UGG boots market size was valued at approximately USD 2.5 billion in 2023 and is projected to grow at a compound annual growth rate (CAGR) of 5.2% from 2023 to 2030. North America is the largest market for UGG boots.
Teva: The global sandals market size is valued at USD 70.62 billion in 2026 and is projected to reach USD 110.28 billion by 2034, exhibiting a CAGR of 5.73%.
Sanuk: This brand falls under the broader casual footwear market. The global casual shoes market is estimated to reach USD 163.1 billion by 2030, growing at a CAGR of 7.4% from 2024 to 2030. North America held the majority market share of 37% in 2023 within the casual shoes market.
Hoka: This brand is a key player in the athletic footwear market. The global athletic footwear market size was valued at USD 152.78 billion in 2026 and is expected to reach USD 234.68 billion by 2034, at a CAGR of 5.51%.
Koolaburra: This brand operates within the sheepskin boots market and casual footwear segment. The global market size for sheepskin boots was valued at approximately USD 1.8 billion in 2023 and is projected to reach around USD 3.6 billion by 2032, growing at a CAGR of 7.8%.

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Deckers Outdoor Corporation (DECK) is expected to drive future revenue growth over the next 2-3 years through several key strategies:

Continued Expansion of the HOKA Brand: The HOKA brand is consistently highlighted as a primary engine for Deckers' financial performance and is forecast to continue its explosive growth, aiming to surpass $2.5 billion in annual sales by fiscal year 2026. This growth is driven by increasing market share in the performance running category, new product launches, and diversification into apparel.
UGG Brand Resilience and Expanded Appeal: While HOKA leads growth, the UGG brand is projected to continue its strong performance, with expectations for mid-single-digit growth. The company's strategy focuses on transforming UGG into a year-round luxury lifestyle brand, expanding its men's category, and implementing a "365 initiative" to reduce seasonal concentration and broaden global acceptance.
Strategic Direct-to-Consumer (DTC) Channel Growth: Deckers is heavily investing in its high-margin direct-to-consumer operations, encompassing e-commerce and a global network of retail stores. The DTC channel is considered a cornerstone of its sales and marketing strategy, delivering higher gross margins and providing valuable first-party customer data, with a five-year compound annual growth rate (CAGR) of 18.3%. In fiscal year 2024, DTC sales accounted for 45% of net sales, and this focus is expected to continue driving revenue and profitability.
Aggressive International Market Expansion: International markets are a significant growth opportunity for Deckers, particularly for the HOKA brand, and are expected to outpace U.S. growth. The company is actively targeting EMEA (Europe, Middle East, and Africa) and APAC (Asia-Pacific) regions to diversify revenue streams. In fiscal year 2024, HOKA net sales surged by 45.2% in EMEA and 78.5% in APAC, demonstrating the success of this international push.
Product Category Diversification and Innovation: Deckers continues to invest in innovation and product diversification to capture new market share and increase customer spend. This includes the successful launch of HOKA's dedicated apparel line in 2024, aimed at competing more holistically within the athleticwear market. Additionally, strategic acquisitions, such as Feetures for performance socks, provide immediate entry into new product categories.

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Capital Allocation Decisions for Deckers Outdoor (DECK) over the last 3-5 years:

Share Repurchases

In May 2025, Deckers Outdoor's Board of Directors approved an increase of $2.25 billion to its stock repurchase program, bringing the total authorization to approximately $2.5 billion.
The company repurchased approximately 3.8 million shares for a total of $567 million in fiscal year 2025.
In the first quarter of fiscal year 2026, Deckers repurchased an additional 765,000 shares for $84 million as of May 9, 2025.

Outbound Investments

Deckers Outdoor divested its Sanuk brand in 2024, selling it to Lolë Brands.

Capital Expenditures

Capital expenditures for Deckers Outdoor averaged $67.959 million from fiscal years ending March 2021 to 2025.
Capital expenditures peaked in March 2024 at $89.365 million and were $86.171 million in March 2025.
For fiscal year 2026, the company expects to deploy focused capital expenditures in the range of $120 million to $130 million to support future growth.

Interactive Breakdown

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Better Bets vs. Deckers Outdoor (DECK)

INDUSTRY: Footwear

Higher Rev Chg LTM (Value for DECK: 9.2%)

FWDI (79.7%)

Forward Industries

ONON (30.0%)

BIRK (14.7%)

Birkenstock

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Higher Rev Chg 3Y Avg (Value for DECK: 14.7%)

ONON (35.3%)

Higher Op Mgn LTM (Value for DECK: 23.8%)

BIRK (26.1%)

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Higher Total Yield (Value for DECK: 7.7%)

WEYS (10.3%)

Weyco

WWW (10.0%)

Wolverine World Wide

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Rocky Brands

SECTOR: Consumer Discretionary

Higher Rev Chg 3Y Avg | Lower P/S (Values for DECK: 14.7% | 2.5x)

CVNA (18.2% | 2.1x)

Carvana

CCL (23.1% | 1.2x)

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Somnigroup International

SN (20.0% | 2.3x)

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Higher Rev Chg 3Y Avg | Lower P/Op Inc (Values for DECK: 14.7% | 10.6x)

CCL (23.1% | 7.3x)

Carnival

WYNN (27.7% | 8.2x)

Wynn Resorts

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Norwegian Cruise Line

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Churchill Downs

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Six Flags Entertainment

Higher Rev Chg LTM (Value for DECK: 9.2%)

MELI (39.1%)

MercadoLibre

DASH (27.9%)

DoorDash

BKNG (13.4%)

Booking

AMZN (12.4%)

Amazon.com

ABNB (10.3%)

Airbnb

Higher Rev Chg 3Y Avg (Value for DECK: 14.7%)

MELI (38.9%)

MercadoLibre

RCL (28.2%)

Royal Caribbean

DASH (27.8%)

DoorDash

CVNA (18.2%)

Carvana

BKNG (16.5%)

Booking

Higher Op Mgn LTM (Value for DECK: 23.8%)

MCD (46.1%)

McDonald's

BKNG (34.5%)

Booking

YUM (30.8%)

Yum Brands

RCL (27.4%)

Royal Caribbean

GRMN (25.9%)

Garmin

Higher CFO/Rev LTM (Value for DECK: 18.8%)

MELI (41.9%)

MercadoLibre

MCD (39.9%)

McDonald's

ABNB (38.0%)

Airbnb

BKNG (35.0%)

Booking

AMZN (19.5%)

Amazon.com

Higher FCF/Rev LTM (Value for DECK: 17.3%)

ABNB (38.0%)

Airbnb

MELI (37.3%)

MercadoLibre

BKNG (33.8%)

Booking

MCD (28.1%)

McDonald's

GRMN (18.8%)

Garmin

Higher Total Yield (Value for DECK: 7.7%)

LEN (11.4%)

Lennar

DHI (9.8%)

D.R. Horton

CCL (9.3%)

Carnival

DRI (8.1%)

Darden Restaurants

QSR (7.9%)

Restaurant Brands International

All Other Sectors

Higher Rev Chg 3Y Avg | Lower P/S (Values for DECK: 14.7% | 2.5x)

BRK-B (27.0% | 2.5x)

Berkshire Hathaway

PGR (21.0% | 1.3x)

Progressive

COF (16.8% | 2.1x)

Capital One Financial

CI (15.3% | 0.3x)

Cigna

APO (66.8% | 2.0x)

Apollo Global Management

Higher Rev Chg 3Y Avg | Lower P/Op Inc (Values for DECK: 14.7% | 10.6x)

NEM (26.2% | 10.1x)

Newmont

B (16.0% | 8.0x)

Barrick Mining

APO (66.8% | 7.8x)

Apollo Global Management

OKE (18.9% | 10.2x)

ONEOK

IBKR (38.4% | 3.2x)

Interactive Brokers

Higher Rev Chg LTM (Value for DECK: 9.2%)

NVDA (65.5%)

NVIDIA

AVGO (25.2%)

Broadcom

MSFT (16.7%)

Microsoft

GOOGL (15.1%)

Alphabet

AAPL (10.1%)

Apple

Higher Rev Chg 3Y Avg (Value for DECK: 14.7%)

NVDA (101.8%)

NVIDIA

LLY (32.1%)

Eli Lilly

BRK-B (27.0%)

Berkshire Hathaway

AVGO (26.2%)

Broadcom

META (19.9%)

Meta Platforms

Higher Op Mgn LTM (Value for DECK: 23.8%)

NVDA (60.4%)

NVIDIA

MSFT (46.7%)

Microsoft

AVGO (41.5%)

Broadcom

AAPL (32.4%)

Apple

GOOGL (32.0%)

Alphabet

Higher CFO/Rev LTM (Value for DECK: 18.8%)

MSFT (52.5%)

Microsoft

NVDA (47.6%)

NVIDIA

AVGO (43.5%)

Broadcom

GOOGL (40.9%)

Alphabet

AAPL (31.1%)

Apple

Higher FCF/Rev LTM (Value for DECK: 17.3%)

NVDA (44.8%)

NVIDIA

AVGO (42.3%)

Broadcom

AAPL (28.3%)

Apple

MSFT (25.3%)

Microsoft

GOOGL (18.2%)

Alphabet

Higher Total Yield (Value for DECK: 7.7%)

WFC (11.1%)

Wells Fargo

MRK (8.9%)

Merck

BAC (8.8%)

Bank of America

UNH (8.5%)

UnitedHealth

PM (7.8%)

Philip Morris International

Best Bets in Consumer Discretionary

What You Pay

P/EBIT (Value for DECK: 10.1x)

ABNB (29.2x)

Airbnb

BKNG (15.4x)

Booking

DUOL (32.6x)

Duolingo

ETSY (12.4x)

Etsy

LOPE (14.7x)

Grand Canyon Education

ALSN (10.7x)

Allison Transmission

PRDO (10.6x)

Perdoceo Education

DECK (10.1x)

Deckers Outdoor

GRMN (23.6x)

Garmin

PLNT (14.6x)

Planet Fitness

P/E (Value for DECK: 13.0x)

ABNB (29.6x)

Airbnb

BKNG (24.1x)

Booking

DUOL (10.7x)

Duolingo

ETSY (28.6x)

Etsy

LOPE (21.1x)

Grand Canyon Education

ALSN (15.4x)

Allison Transmission

PRDO (14.8x)

Perdoceo Education

DECK (13.0x)

Deckers Outdoor

GRMN (26.6x)

Garmin

PLNT (27.8x)

Planet Fitness

What You Get

Rev Chg 3Y Avg (Value for DECK: 14.7%)

ABNB (13.4%)

Airbnb

BKNG (16.5%)

Booking

DUOL (41.1%)

Duolingo

ETSY (4.0%)

Etsy

LOPE (6.7%)

Grand Canyon Education

ALSN (3.1%)

Allison Transmission

PRDO (7.4%)

Perdoceo Education

DECK (14.7%)

Deckers Outdoor

GRMN (14.4%)

Garmin

PLNT (12.2%)

Planet Fitness

Rev Chg LTM (Value for DECK: 9.2%)

ABNB (10.3%)

Airbnb

BKNG (13.4%)

Booking

DUOL (38.7%)

Duolingo

ETSY (2.7%)

Etsy

LOPE (7.1%)

Grand Canyon Education

ALSN (-6.7%)

Allison Transmission

PRDO (24.2%)

Perdoceo Education

DECK (9.2%)

Deckers Outdoor

GRMN (15.1%)

Garmin

PLNT (12.1%)

Planet Fitness

Rev Chg Q (Value for DECK: 7.1%)

ABNB (12.0%)

Airbnb

BKNG (16.0%)

Booking

DUOL (35.0%)

Duolingo

ETSY (3.5%)

Etsy

LOPE (5.3%)

Grand Canyon Education

ALSN (-7.4%)

Allison Transmission

PRDO (20.0%)

Perdoceo Education

DECK (7.1%)

Deckers Outdoor

GRMN (16.6%)

Garmin

PLNT (10.5%)

Planet Fitness

FCF/Rev 3Y Avg (Value for DECK: 20.8%)

ABNB (39.2%)

Airbnb

BKNG (33.3%)

Booking

DUOL (32.1%)

Duolingo

ETSY (23.9%)

Etsy

LOPE (22.2%)

Grand Canyon Education

ALSN (21.4%)

Allison Transmission

PRDO (21.2%)

Perdoceo Education

DECK (20.8%)

Deckers Outdoor

GRMN (20.4%)

Garmin

PLNT (17.8%)

Planet Fitness

[1] Choosing top 10 best bets from each sector quarterly is an alpha producing strategy vs sector benchmark
[2] Historical annualized return of 14%, alpha of 2.9%, and sharpe of 0.61

Latest Trefis Analyses

	Title	Date
0	DASHBOARDS
1	Deckers Outdoor Stock Delivers Strong Cash Yield - Upside Ahead?	03/09/2026
2	DECK Stock Falls -14% In 8-day Slide On Overvaluation Concerns	03/07/2026
3	Deckers Stock (+19%): HOKA Growth & Margin Beat Forces Institutional Chase	01/31/2026
4	Deckers Outdoor Stock Near Crucial Support - Buy Signal?	01/31/2026
5	How Does Deckers Outdoor Stock Compare With Peers?	01/31/2026
6	Deckers Outdoor Earnings Notes	12/28/2026
7	Deckers Outdoor Stock Soars 21% In A Single Month, Time To Buy The Stock?	12/27/2025
8	Deckers Outdoor Stock Jump Looks Great, But How Secure Is That Gain?	12/17/2025
9	Is 21.6% Fall In Deckers Outdoor (DECK) Stock A Buying Opportunity?	11/18/2025
10	ARTICLES
11	With Strong Cash Flow, Deckers Outdoor Stock Poised to Rise?	03/09/2026
12	Deckers Stock (+19%): HOKA Momentum & UGG Resilience Force Re-Rate	01/31/2026
13	Deckers Outdoor Stock Testing Price Floor – Buy Now?	01/31/2026
14	Deckers Outdoor Stock vs Competition: Who Wins?	01/31/2026
15	S&P 500 Movers \| Winners: DECK, VZ, CHTR \| Losers: APP, KLAC, NEM	01/30/2026

	Title
0	DASHBOARDS
1	Deckers Outdoor Stock Delivers Strong Cash Yield - Upside Ahead?
2	DECK Stock Falls -14% In 8-day Slide On Overvaluation Concerns
3	Deckers Stock (+19%): HOKA Growth & Margin Beat Forces Institutional Chase
4	Deckers Outdoor Stock Near Crucial Support - Buy Signal?
5	How Does Deckers Outdoor Stock Compare With Peers?
6	Deckers Outdoor Earnings Notes
7	Deckers Outdoor Stock Soars 21% In A Single Month, Time To Buy The Stock?
8	Deckers Outdoor Stock Jump Looks Great, But How Secure Is That Gain?
9	Is 21.6% Fall In Deckers Outdoor (DECK) Stock A Buying Opportunity?
10	ARTICLES
11	With Strong Cash Flow, Deckers Outdoor Stock Poised to Rise?
12	Deckers Stock (+19%): HOKA Momentum & UGG Resilience Force Re-Rate
13	Deckers Outdoor Stock Testing Price Floor – Buy Now?
14	Deckers Outdoor Stock vs Competition: Who Wins?
15	S&P 500 Movers \| Winners: DECK, VZ, CHTR \| Losers: APP, KLAC, NEM

Trade Ideas

Select ideas related to DECK.

Unique Key	Date	Ticker	Company	Category	Trade Strategy	6M Fwd Rtn	12M Fwd Rtn	12M Max DD
MBLY_2272026_Dip_Buyer_HighCashEquity_ExInd	02272026	MBLY	Mobileye Global	Dip Buy	DB \| Cash/EquityDip Buyer with High Net Cash % Equity Buying dips for companies with significant net cash as a % of market cap along with meaningful cash flow generation	0.0%	0.0%	0.0%
SAH_2202026_Insider_Buying_GTE_1Mil_EBITp+DE_V2	02202026	SAH	Sonic Automotive	Insider	Insider Buys \| Low D/EStrong Insider Buying Companies with strong insider buying in the last 1 month, positive operating income and reasonable debt / market cap	-5.9%	-5.9%	-6.1%
MAT_2132026_Insider_Buying_GTE_1Mil_EBITp+DE_V2	02132026	MAT	Mattel	Insider	Insider Buys \| Low D/EStrong Insider Buying Companies with strong insider buying in the last 1 month, positive operating income and reasonable debt / market cap	2.9%	2.9%	0.0%
SONO_2132026_Insider_Buying_GTE_1Mil_EBITp+DE_V2	02132026	SONO	Sonos	Insider	Insider Buys \| Low D/EStrong Insider Buying Companies with strong insider buying in the last 1 month, positive operating income and reasonable debt / market cap	-0.7%	-0.7%	-4.6%
DECK_2062026_Dip_Buyer_ValueBuy	02062026	DECK	Deckers Outdoor	Dip Buy	DB \| P/E OPMDip Buy with Low PE and High Margin Buying dips for companies with tame PE and meaningfully high operating margin	1.6%	1.6%	-0.8%
DECK_3312025_Dip_Buyer_FCFYield	03312025	DECK	Deckers Outdoor	Dip Buy	DB \| FCFY OPMDip Buy with High FCF Yield and High Margin Buying dips for companies with high FCF yield and meaningfully high operating margin	-7.6%	4.9%	-28.9%

Recent Active Movers

Top Gainers

Ticker	Company	Mkt Cap (B)	1D Rtn	YTD Rtn
AGX	Argan	7.8	37.9%	81.1%
TBN	Tamboran Resources	0.9	25.6%	59.4%
U	Unity Software	8.3	13.5%	-56.0%
ADMA	ADMA Biologics	2.2	11.6%	-49.3%
METC	Ramaco Resources	1.0	11.4%	-13.6%
MEOH	Methanex	5.0	9.7%	64.8%
PTON	Peloton Interactive	1.9	8.8%	-28.1%
OXM	Oxford Industries	0.5	8.7%	3.0%
REX	REX American Resources	1.6	8.3%	47.7%
SGML	Sigma Lithium	1.2	7.8%	-20.7%

Top Losers

Ticker	Company	Mkt Cap (B)	1D Rtn	YTD Rtn
BUR	Burford Capital	0.9	-47.1%	-53.6%
RCKT	Rocket Pharmaceuticals	0.4	-19.6%	7.4%
ZBIO	Zenas BioPharma	0.8	-17.8%	-49.8%
BKSY	BlackSky Technology	0.8	-17.2%	24.2%
PSNL	Personalis	0.6	-13.4%	-20.4%
SLS	SELLAS Life Sciences	0.5	-11.8%	15.8%
ANAB	AnaptysBio	1.6	-11.7%	18.4%
FLY	Firefly Aerospace	2.2	-11.6%	6.0%
INBX	Inhibrx Biosciences	0.9	-11.2%	-26.1%
YOU	Clear Secure	4.6	-11.2%	36.3%

Top Gainers

Ticker	Company	Mkt Cap (B)	1W Rtn	YTD Rtn
BCPC	Balchem	5.4	610.4%	8.9%
KOD	Kodiak Sciences	2.0	66.3%	32.3%
OLPX	Olaplex	1.3	51.9%	50.7%
CAR	Avis Budget	5.2	48.6%	15.7%
TBN	Tamboran Resources	0.9	36.0%	59.4%
ELVN	Enliven Therapeutics	2.4	33.8%	152.1%
TROX	Tronox	1.4	30.1%	120.3%
BORR	Borr Drilling	1.8	28.7%	50.1%
BRZE	Braze	2.5	25.5%	-32.9%
INDI	Indie Semiconductor	0.6	24.6%	-9.6%

Top Losers

Ticker	Company	Mkt Cap (B)	1W Rtn	YTD Rtn
PIPR	Piper Sandler Cos	1.2	-75.2%	-12.4%
BUR	Burford Capital	0.9	-46.2%	-53.6%
WVE	WAVE Life Sciences	1.1	-45.9%	-62.6%
TASK	TaskUs	0.6	-37.8%	-15.9%
MAZE	Maze Therapeutics	1.4	-36.7%	-26.7%
ADMA	ADMA Biologics	2.2	-35.4%	-49.3%
CRCL	Circle Internet	21.5	-25.7%	18.1%
PLAY	Dave & Buster's Entertainment	0.3	-23.5%	-39.5%
EL	Estee Lauder Companies	24.3	-21.8%	-35.6%
NTSK	Netskope	1.9	-18.9%	-55.9%

Top Gainers

Ticker	Company	Mkt Cap (B)	1M Rtn	YTD Rtn
SOC	Sable Offshore	1.8	133.2%	104.5%
DAWN	Day One Biopharmaceuticals	2.2	101.0%	129.7%
VG	Venture Global	42.7	85.4%	157.4%
AAOI	Applied Optoelectronics	6.2	82.9%	181.7%
TNGX	Tango Therapeutics	2.1	68.9%	117.4%
AXTI	AXT	2.7	63.3%	270.8%
BW	Babcock & Wilcox Enterprises	1.5	61.7%	134.4%
PARR	Par Pacific	3.3	61.6%	86.9%
LWLG	Lightwave Logic	0.9	61.5%	123.3%
SM	SM Energy	3.8	56.2%	76.5%

Top Losers

Ticker	Company	Mkt Cap (B)	1M Rtn	YTD Rtn
WVE	WAVE Life Sciences	1.1	-58.6%	-62.6%
BUR	Burford Capital	0.9	-51.4%	-53.6%
OLMA	Olema Pharmaceuticals	1.2	-44.0%	-45.3%
WING	Wingstop	4.3	-43.1%	-35.2%
FRMI	Fermi	3.7	-43.0%	-22.8%
PAR	PAR Technology	0.5	-43.0%	-64.7%
SES	SES AI	0.3	-42.6%	-45.1%
USAS	Americas Gold And Silver	1.5	-41.9%	7.6%
ITRG	Integra Resources	0.4	-41.0%	-36.2%
VITL	Vital Farms	0.6	-40.6%	-58.9%

Peer Comparisons

Peers to compare with:

Financials

	DECK	NKE	ONON	CROX	VFC	COLM	Median
Name	Deckers .	Nike	On	Crocs	VF	Columbia.
Mkt Price	94.05	51.37	32.39	79.54	16.40	54.61	52.99
Mkt Cap	13.6	76.0	20.5	4.1	6.4	2.9	10.0
Rev LTM	5,375	46,513	3,014	4,041	9,583	3,397	4,708
Op Inc LTM	1,280	3,042	377	888	511	236	699
FCF LTM	929	2,475	281	659	310	217	485
FCF 3Y Avg	985	4,767	304	799	603	410	701
CFO LTM	1,013	3,056	360	710	467	283	589
CFO 3Y Avg	1,074	5,470	367	878	765	470	821

Growth & Margins

	DECK	NKE	ONON	CROX	VFC	COLM	Median
Name	Deckers .	Nike	On	Crocs	VF	Columbia.
Rev Chg LTM	9.2%	-5.0%	30.0%	-1.5%	-0.3%	0.9%	0.3%
Rev Chg 3Y Avg	14.7%	-1.7%	35.3%	4.5%	-6.2%	-0.6%	1.9%
Rev Chg Q	7.1%	0.6%	22.6%	-3.2%	1.5%	-2.4%	1.0%
QoQ Delta Rev Chg LTM	2.5%	0.2%	4.8%	-0.8%	0.4%	-0.8%	0.3%
Op Mgn LTM	23.8%	6.5%	12.5%	22.0%	5.3%	6.9%	9.7%
Op Mgn 3Y Avg	22.9%	9.8%	10.6%	24.4%	4.8%	8.2%	10.2%
QoQ Delta Op Mgn LTM	0.3%	-0.8%	0.4%	-1.1%	0.4%	-0.5%	-0.1%
CFO/Rev LTM	18.8%	6.6%	11.9%	17.6%	4.9%	8.3%	10.1%
CFO/Rev 3Y Avg	22.7%	11.0%	15.6%	21.8%	7.8%	13.7%	14.7%
FCF/Rev LTM	17.3%	5.3%	9.3%	16.3%	3.2%	6.4%	7.8%
FCF/Rev 3Y Avg	20.8%	9.6%	13.0%	19.8%	6.1%	12.0%	12.5%

Valuation

	DECK	NKE	ONON	CROX	VFC	COLM	Median
Name	Deckers .	Nike	On	Crocs	VF	Columbia.
Mkt Cap	13.6	76.0	20.5	4.1	6.4	2.9	10.0
P/S	2.5	1.6	6.8	1.0	0.7	0.9	1.3
P/EBIT	10.1	25.0	91.1	25.3	11.4	12.4	18.7
P/E	13.0	30.1	100.7	-50.3	28.7	16.5	22.6
P/CFO	13.4	24.9	57.1	5.7	13.7	10.4	13.6
Total Yield	7.7%	3.3%	1.0%	-2.0%	5.7%	8.3%	4.5%
Dividend Yield	0.0%	0.0%	0.0%	0.0%	2.2%	2.2%	0.0%
FCF Yield 3Y Avg	5.1%	3.8%	1.1%	14.7%	8.1%	9.5%	6.6%
D/E	0.0	0.1	0.0	0.4	0.8	0.2	0.2
Net D/E	-0.1	0.0	-0.0	0.4	0.6	-0.1	0.0

Returns

	DECK	NKE	ONON	CROX	VFC	COLM	Median
Name	Deckers .	Nike	On	Crocs	VF	Columbia.
1M Rtn	-21.2%	-19.0%	-30.6%	-15.4%	-15.6%	-9.8%	-17.3%
3M Rtn	-8.8%	-15.1%	-30.8%	-13.2%	-10.9%	-1.2%	-12.0%
6M Rtn	-11.1%	-24.9%	-23.7%	-2.7%	12.5%	4.9%	-6.9%
12M Rtn	-19.6%	-20.0%	-29.6%	-28.1%	1.9%	-27.3%	-23.6%
3Y Rtn	24.9%	-53.9%	9.1%	-32.6%	-15.8%	-34.2%	-24.2%
1M Excs Rtn	-13.4%	-11.9%	-24.1%	-6.4%	-8.4%	-3.8%	-10.1%
3M Excs Rtn	1.3%	-5.7%	-22.2%	-4.1%	-2.0%	6.8%	-3.0%
6M Excs Rtn	-7.6%	-21.3%	-22.7%	7.3%	18.7%	12.1%	-0.1%
12M Excs Rtn	-31.9%	-31.4%	-41.2%	-38.9%	-8.7%	-38.4%	-35.2%
3Y Excs Rtn	-31.5%	-116.3%	-43.4%	-93.1%	-75.2%	-94.7%	-84.2%

Comparison Analyses

	Title
0	Deckers Outdoor vs. Skechers USA: With Return Forecast Of 54%, Deckers Outdoor Is A Better Bet
1	DECK Could Deliver 63% Returns And Outperform CROX
2	DECK Could Deliver 63% Returns And Outperform SHOO
3	DECK Could Deliver 63% Returns And Outperform COLM
4	DECK Could Deliver 63% Returns And Outperform LULU
5	JCDecaux SA vs. DexCom: Similar Revenue, But DexCom Is A Better Bet
6	JCDecaux SA vs. Cadence Design Systems: Similar Revenue, Similar Bets
7	JCDecaux SA vs. Marvell Technology Group: Similar Revenue, But Marvell Technology Group Is A Better Bet
8	JCDecaux SA vs. Hertz Global: Similar Market Cap, But Hertz Global Is A Better Bet
9	JCDecaux SA vs. NRG Energy: Similar Market Cap, Similar Bets

FDIC Bank Data

Bank Capital

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Bank Deposits

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Bank Assets

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Bank Loans

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FDA Approved Drugs Data

Expand for Morenull

Financials

Annual
Quarterly

$ Mil \| FY: 3/31	LTM	2025	2024	2023	2022	2021	2020
Period End	12/31/2025	3/31/2025	3/31/2024	3/31/2023	3/31/2022	3/31/2021	3/31/2020
Filing Date	2/3/2026	5/23/2025	5/24/2024	5/26/2023	5/27/2022	5/28/2021	6/1/2020
Key Financials
Total Revenue	5,375	4,986	4,288	3,627	3,150	2,546	2,133
EBITDA	1,422	1,315	1,039	717	610	548	385
Operating Income	1,280	1,179	928	653	565	504	338
Net Income	1,040	966	760	517	452	383	276
EPS	7.09	6.36	4.89	3.25	2.74	2.27	1.62
Growth Rates
Total Revenue Growth	9.2%	16.3%	18.2%	15.1%	23.8%	19.4%	5.6%
EBITDA Growth	10.6%	26.6%	44.9%	17.6%	11.2%	42.4%	1.7%
Operating Income Growth	11.4%	27.1%	42.1%	15.6%	12.0%	49.1%	3.3%
Net Income Growth	10.4%	27.2%	47.0%	14.4%	18.1%	38.5%	4.5%
Margins
EBITDA Margin	26.4%	26.4%	24.2%	19.8%	19.4%	21.5%	18.0%
Operating Income Margin	23.8%	23.6%	21.6%	18.0%	17.9%	19.8%	15.9%
Net Income Margin	19.3%	19.4%	17.7%	14.2%	14.3%	15.0%	12.9%
Cash & Debt
Total Cash	2,087	1,889	1,502	982	844	1,089	649
Total Debt	343	277	267	246	222	223	296
Net Debt / (Cash)	-1,744	-1,612	-1,235	-735	-621	-866	-354
Cash Flows
Net Cash from Operations	1,013	1,045	1,033	537	172	596	286
Free Cash from Operations	929	958	944	456	121	564	254
Returns to Shareholders
Dividends	0	-0	-0	-0	-0	-0	-0
Share Repurchases	1,088	582	425	314	371	107	197

$ Mil \| FY: 3/31	2026Q3	2026Q2	2026Q1	2025Q4	2025Q3	2025Q2	2025Q1	2024Q4	2024Q3	2024Q2	2024Q1	2023Q4
Period End	12/31/2025	9/30/2025	6/30/2025	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023
Filing Date	2/3/2026	10/31/2025	7/31/2025	5/23/2025	2/3/2025	10/31/2024	8/1/2024	5/24/2024	2/5/2024	11/2/2023	8/3/2023	5/26/2023
Key Financials Quarterly
Total Revenue	1,958	1,431	965	1,022	1,827	1,311	825	960	1,560	1,092	676	792
Ebitda	646	363	203	210	602	337	167	180	516	248	95	127
Operating Income	614	327	165	174	567	305	133	144	488	225	71	106
Net Income	481	268	139	151	457	242	116	128	390	179	64	92
EPS	3.34	1.82	0.93	1.00	3.01	1.59	0.76	0.83	2.53	1.14	0.41	0.58
Key Financials TTM
Total Revenue TTM	5,375	5,244	5,125	4,986	4,924	4,657	4,437	4,288	4,120	3,905	3,689	3,627
Ebitda TTM	1,422	1,377	1,351	1,315	1,286	1,200	1,111	1,039	986	849	742	717
Operating Income TTM	1,280	1,233	1,212	1,179	1,149	1,070	990	928	889	764	667	653
Net Income TTM	1,040	1,016	990	966	942	875	812	760	724	613	536	517
Growth Rates Quarterly
Total Revenue Growth	7.1%	9.1%	16.9%	6.5%	17.1%	20.1%	22.1%	21.2%	16.0%	24.7%	10.0%	7.5%
EBITDA Growth	7.4%	7.7%	21.6%	16.3%	16.7%	35.7%	76.6%	41.5%	36.2%	75.6%	35.8%	36.5%
Operating Income Growth	8.3%	7.0%	24.5%	20.6%	16.3%	35.8%	87.8%	36.2%	34.5%	75.7%	25.5%	30.3%
Net Income Growth	5.3%	10.7%	20.4%	18.7%	17.1%	35.7%	81.9%	39.0%	39.9%	75.9%	41.7%	33.4%
Margins Quarterly
EBITDA Margin	33.0%	25.3%	21.1%	20.5%	32.9%	25.7%	20.3%	18.8%	33.1%	22.7%	14.0%	16.1%
Operating Income Margin	31.4%	22.8%	17.1%	17.0%	31.0%	23.3%	16.1%	15.0%	31.3%	20.6%	10.5%	13.4%
Net Income Margin	24.6%	18.7%	14.4%	14.8%	25.0%	18.5%	14.0%	13.3%	25.0%	16.4%	9.4%	11.6%
Cash & Debt
Total Cash	2,087	1,414	1,720	1,889	2,241	1,226	1,438	1,502	1,651	823	1,047	982
Total Debt	343	351	312	277	257	259	262	267	274	251	261	246
Net Debt / (Cash)	-1,744	-1,064	-1,408	-1,612	-1,984	-967	-1,176	-1,235	-1,377	-572	-786	-735
Cash Flows Quarterly
FCF from Operations	1,042	8	36	-73	1,095	-91	113	-29	940	-4	125	60
Cash Flows TTM
FCF from Operations TTM	1,013	1,067	968	1,045	1,089	934	1,021	1,033	1,121	896	692	537
Returns to Shareholders Quarterly
Dividends	0	0	0	0	0	0	0	0	0	0	0	0
Share Repurchases	349	289	183	267	46	117	152	105	100	193	26	114
Return on Invested Capital (ROIC) Quarterly
ROIC	-	-	-	-	-	-	-	-	-	-	-	-
Return on Invested Capital (ROIC) TTM
ROIC TTM	-	-	-	-	-	-	-	-	-	-	-	-

Segment Financials

Assets by Segment

$ Mil	2025	2024	2023	2022	2021
Unallocated cash and cash equivalents	1,502	982	844	1,089	649
Unallocated other corporate assets	504	414	393	320	312
HOKA	436	446	293	168	125
Direct-to-Consumer	264	219	191	196	243
UGG	247	262	383	212	245
Teva brand wholesale	82	95	91	87	90
Unallocated deferred tax assets, net	73	73	64	37	28
Sanuk brand wholesale	19	41	41	38	50
Other Brands	9	24	32	19	22
Total	3,136	2,556	2,332	2,168	1,765

Price Behavior

Price Behavior

Market Price	$94.05
Market Cap ($ Bil)	13.6
First Trading Date	10/15/1993
Distance from 52W High	-27.3%
	50 Days	200 Days
DMA Price	$108.08	$103.34
DMA Trend	down	up
Distance from DMA	-13.0%	-9.0%
	3M	1YR
Volatility	52.1%	54.2%
Downside Capture	0.48	1.08
Upside Capture	48.91	104.45
Correlation (SPY)	30.8%	43.4%

DECK Betas & Captures as of 2/28/2026

	1M	2M	3M	6M	1Y	3Y
Beta	0.52	0.80	0.63	0.70	1.25	1.28
Up Beta	2.01	2.14	1.25	0.83	1.35	1.20
Down Beta	3.09	1.73	1.87	1.63	1.08	1.32
Up Capture	73%	57%	87%	16%	111%	216%
Bmk +ve Days	9	20	31	70	142	431
Stock +ve Days	9	16	28	55	116	389
Down Capture	-214%	-56%	-116%	32%	126%	107%
Bmk -ve Days	12	21	30	54	109	320
Stock -ve Days	12	25	33	69	134	361

[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively

Based On 1-Year Data

	Annualized Return	Annualized Volatility	Sharpe Ratio	Correlation with DECK
DECK	-20.1%	54.2%	-0.22	-
Sector ETF (XLY)	4.6%	23.6%	0.13	49.3%
Equity (SPY)	14.5%	18.9%	0.59	43.5%
Gold (GLD)	50.2%	27.7%	1.46	-17.8%
Commodities (DBC)	17.8%	17.6%	0.85	1.7%
Real Estate (VNQ)	0.4%	16.4%	-0.15	36.5%
Bitcoin (BTCUSD)	-21.0%	44.0%	-0.41	20.1%

Smart multi-asset allocation framework can stack odds in your favor. Learn How

Based On 5-Year Data

	Annualized Return	Annualized Volatility	Sharpe Ratio	Correlation with DECK
DECK	11.3%	43.9%	0.38	-
Sector ETF (XLY)	5.6%	23.7%	0.20	53.9%
Equity (SPY)	11.8%	17.0%	0.54	49.9%
Gold (GLD)	20.7%	17.7%	0.96	-4.3%
Commodities (DBC)	11.6%	18.9%	0.50	3.8%
Real Estate (VNQ)	3.0%	18.8%	0.07	34.4%
Bitcoin (BTCUSD)	4.7%	56.6%	0.30	20.2%

Smart multi-asset allocation framework can stack odds in your favor. Learn How

Based On 10-Year Data

	Annualized Return	Annualized Volatility	Sharpe Ratio	Correlation with DECK
DECK	25.1%	42.3%	0.68	-
Sector ETF (XLY)	11.6%	21.9%	0.49	55.6%
Equity (SPY)	14.0%	17.9%	0.67	50.1%
Gold (GLD)	13.3%	15.8%	0.70	-0.1%
Commodities (DBC)	8.2%	17.6%	0.39	12.9%
Real Estate (VNQ)	4.7%	20.7%	0.19	38.0%
Bitcoin (BTCUSD)	66.9%	66.8%	1.06	13.8%

Smart multi-asset allocation framework can stack odds in your favor. Learn How

Short Interest

Short Interest: As Of Date	3132026
Short Interest: Shares Quantity	3.9 Mil
Short Interest: % Change Since 2282026	13.4%
Average Daily Volume	2.2 Mil
Days-to-Cover Short Interest	1.8 days
Basic Shares Quantity	144.1 Mil
Short % of Basic Shares	2.7%

Returns Analyses

	Title
0	Deckers Outdoor Stock Jump Looks Great, But How Secure Is That Gain?
1	DECK YTD Stock Return Of -37% Outperforms SHOO by 0.7% and Underperforms CROX by -45%
2	Deckers Outdoor Stock Return Comparison
3	[10/12/2021] JCDecaux SA (DECK) Stock Price Forecast: AI Forecasts DECK Stock Price To Be Around $360 In A Month (Up 6.2%)
4	Deckers Outdoor Total Shareholder Return (TSR): 64.2% in 2023 and 49.7% 3-yr returns (above peer average)
5	JCDecaux SA (DECK) Stock Return: AI Predicts DECK Average and Excess Return After a Fall or Rise
6	Footwear Industry Return: -29% YTD Return vs 17% For S&P 500

Earnings Returns History

Expand for More

	Forward Returns
Earnings Date	1D Returns	5D Returns	21D Returns
1/29/2026	19.5%	11.3%	14.6%
10/23/2025	-15.2%	-21.1%	-17.0%
5/22/2025	-19.9%	-16.3%	-18.9%
1/30/2025	-20.5%	-22.8%	-38.5%
10/24/2024	10.6%	5.8%	26.4%
5/23/2024	14.2%	20.9%	7.8%
2/1/2024	14.1%	7.7%	19.9%
10/26/2023	18.9%	24.0%	35.5%
...
SUMMARY STATS
# Positive	12	14	15
# Negative	9	7	6
Median Positive	9.8%	8.8%	13.8%
Median Negative	-4.1%	-5.0%	-18.0%
Max Positive	19.5%	24.0%	35.5%
Max Negative	-20.5%	-22.8%	-38.5%

	Forward Returns
1/29/2026	19.5%	11.3%	14.6%
10/23/2025	-15.2%	-21.1%	-17.0%
5/22/2025	-19.9%	-16.3%	-18.9%
1/30/2025	-20.5%	-22.8%	-38.5%
10/24/2024	10.6%	5.8%	26.4%
5/23/2024	14.2%	20.9%	7.8%
2/1/2024	14.1%	7.7%	19.9%
10/26/2023	18.9%	24.0%	35.5%
5/25/2023	3.4%	5.9%	13.8%
2/2/2023	-1.7%	-0.1%	2.9%
10/27/2022	-4.1%	-1.0%	6.5%
7/28/2022	9.0%	9.0%	14.3%
5/19/2022	12.6%	15.6%	13.9%
2/3/2022	-5.7%	-5.0%	-27.1%
10/28/2021	3.9%	9.4%	9.2%
7/29/2021	1.0%	7.0%	4.1%
5/20/2021	7.9%	9.0%	8.2%
2/4/2021	-0.0%	0.8%	0.0%
10/29/2020	-1.7%	8.1%	-1.2%
7/30/2020	-2.1%	-3.4%	-3.7%
5/21/2020	6.7%	8.6%	19.5%
SUMMARY STATS
# Positive	12	14	15
# Negative	9	7	6
Median Positive	9.8%	8.8%	13.8%
Median Negative	-4.1%	-5.0%	-18.0%
Max Positive	19.5%	24.0%	35.5%
Max Negative	-20.5%	-22.8%	-38.5%

SEC Filings

Expand for More

Report Date	Filing Date	Filing
12/31/2025	02/03/2026	10-Q
09/30/2025	10/31/2025	10-Q
06/30/2025	07/31/2025	10-Q
03/31/2025	05/23/2025	10-K
12/31/2024	02/03/2025	10-Q
09/30/2024	10/31/2024	10-Q
06/30/2024	08/01/2024	10-Q
03/31/2024	05/24/2024	10-K
12/31/2023	02/05/2024	10-Q
09/30/2023	11/02/2023	10-Q
06/30/2023	08/03/2023	10-Q
03/31/2023	05/26/2023	10-K
12/31/2022	02/06/2023	10-Q
09/30/2022	11/03/2022	10-Q
06/30/2022	08/04/2022	10-Q
03/31/2022	05/27/2022	10-K

Recent Forward Guidance [BETA]

Latest: Q3 2026 Earnings Reported 1/29/2026 | Prior: Q2 2026 Earnings Reported 10/23/2025

Forward Guidance				Guidance Change
Metric	Low	Mid	High	% Chg	% Delta	Change	Prior
2026 Revenue	5.40 Bil	5.41 Bil	5.42 Bil	1.2%		Raised	Guidance: 5.35 Bil for 2026
2026 HOKA Revenue Growth		15.0%		30.4%	3.5%	Raised	Guidance: 11.5% for 2026
2026 UGG Revenue Growth		5.0%		11.1%	0.5%	Raised	Guidance: 4.5% for 2026
2026 Gross Margin		57.0%		1.8%	1.0%	Raised	Guidance: 56.0% for 2026
2026 SG&A Expenses as a percentage of net sales		0.34		0	0	Affirmed	Guidance: 0.34 for 2026
2026 Operating Margin		22.5%		4.7%	1.0%	Raised	Guidance: 21.5% for 2026
2026 EPS	6.8	6.83	6.85	7.6%		Raised	Guidance: 6.34 for 2026
2026 Share Repurchases		1.00 Bil

Insider Activity

Expand for More

#	Owner	Title	Holding	Action	Filing Date	Price	Shares	Transacted Value	Value of Held Shares	Form
1	Ogbechie, Angela	Chief Supply Chain Officer	Direct	Sell	11032025	81.45	1,460	118,910	2,770,768	Form
2	Ibrahim, Maha Saleh		Direct	Sell	9082025	118.02	300	35,405	1,295,687	Form
3	Ibrahim, Maha Saleh		Direct	Sell	6062025	109.08	300	32,723	1,165,041	Form
4	Davis, Cindy L		Direct	Buy	6062025	109.76	1,825	200,319	1,464,252	Form
5	Ogbechie, Angela	Chief Supply Chain Officer	Direct	Sell	6032025	103.89	6,244	648,675	2,075,678	Form

DECK Trade Sentinel

Stock Conviction

null

CONVICTION RATIONALE

null

STOCK ARCHETYPE

null

INVESTMENT THESIS

null

Mechanism: null

Supporting Evidence:

PRIMARY RISK

null

Mechanism: null

Supporting Evidence:

Key KPI Watchlist

KPI	Threshold	Rationale

Core Investment Debate

BULL VIEW

CORE TENSION

PREVAILING SENTIMENT

BEAR VIEW

Next 6 months: Risks and Catalysts

Timeline	Event & Metric To Watch

Key Events in Last 6 Months

Date	Event	Stock Impact

Risk Management

Position Sizing

null

Diversification Alternatives

How Is The Market Pricing DECK?

What will confirm the thesis

What will damage the thesis

Noise: Real but irrelevant to thesis

Repricing Catalyst

What DECK Makes & Who Pays

TTM figures based on

DECK Evolution: Price Return by Era

① Structure

② Volume / Momentum

③ Catalyst

Combined Score

0 / 12

1 Price Structure & Trend · ▾

2 Momentum ▾

3 Relative Strength vs. SPY ▾

4 Institutional Footprint & Volume ▾

5 Volatility ▾

6 Key Price Levels Range · Vol ▾

7 Earnings Reaction History ▾

8 How the Verdict Is Derived Three Pillars ▾

Pillar	Score
① Structure	0
② Vol / Mom	0
③ Catalyst	0

ℹ Bull Pillars: 0 · Bear Pillars: 0 · Combined Score: 0 →

External Quote Links

0	Y Finance	Barrons
1	TradingView	Morningstar
2	SeekingAlpha	ValueLine
3	Motley Fool	Robinhood
4	CNBC	Etrade
5	MarketWatch	Unusual Whales
6	YCharts	Perplexity Finance
7	FinViz

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Deckers Outdoor (DECK)

Market Price (3/28/2026): $93.8 | Market Cap: $13.5 BilSector: Consumer Discretionary | Industry: Footwear

Deckers Outdoor (DECK)

Market Price (3/28/2026): $93.8Market Cap: $13.5 BilSector: Consumer DiscretionaryIndustry: Footwear

Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.

Valuation, Metrics & Events

Price Chart

Why The Stock Moved

Qualitative Assessment

Stock Movement Drivers

Fundamental Drivers

Market Drivers

Fundamental Drivers

Market Drivers

Fundamental Drivers

Market Drivers

Fundamental Drivers

Market Drivers

Return vs. Risk

Price Returns Compared

How Low Can It Go

In The Past

Preserve Wealth

Asset Allocation

About Deckers Outdoor (DECK)

Key Risks to Deckers Outdoor (DECK)

Interactive Breakdown

Better Bets vs. Deckers Outdoor (DECK)

INDUSTRY: Footwear

Higher Rev Chg LTM (Value for DECK: 9.2%)

Higher Rev Chg 3Y Avg (Value for DECK: 14.7%)

Higher Op Mgn LTM (Value for DECK: 23.8%)

Higher Total Yield (Value for DECK: 7.7%)

SECTOR: Consumer Discretionary

Higher Rev Chg 3Y Avg | Lower P/S (Values for DECK: 14.7% | 2.5x)

Higher Rev Chg 3Y Avg | Lower P/Op Inc (Values for DECK: 14.7% | 10.6x)

Higher Rev Chg LTM (Value for DECK: 9.2%)

Higher Rev Chg 3Y Avg (Value for DECK: 14.7%)

Higher Op Mgn LTM (Value for DECK: 23.8%)

Higher CFO/Rev LTM (Value for DECK: 18.8%)

Higher FCF/Rev LTM (Value for DECK: 17.3%)

Higher Total Yield (Value for DECK: 7.7%)

All Other Sectors

Higher Rev Chg 3Y Avg | Lower P/S (Values for DECK: 14.7% | 2.5x)

Higher Rev Chg 3Y Avg | Lower P/Op Inc (Values for DECK: 14.7% | 10.6x)

Higher Rev Chg LTM (Value for DECK: 9.2%)

Higher Rev Chg 3Y Avg (Value for DECK: 14.7%)

Higher Op Mgn LTM (Value for DECK: 23.8%)

Higher CFO/Rev LTM (Value for DECK: 18.8%)

Higher FCF/Rev LTM (Value for DECK: 17.3%)

Higher Total Yield (Value for DECK: 7.7%)

Best Bets in Consumer Discretionary

P/EBIT (Value for DECK: 10.1x)

P/E (Value for DECK: 13.0x)

Rev Chg 3Y Avg (Value for DECK: 14.7%)

Rev Chg LTM (Value for DECK: 9.2%)

Rev Chg Q (Value for DECK: 7.1%)

FCF/Rev 3Y Avg (Value for DECK: 20.8%)

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Market Price (3/28/2026): $93.8 | Market Cap: $13.5 Bil
Sector: Consumer Discretionary | Industry: Footwear

Market Price (3/28/2026): $93.8
Market Cap: $13.5 Bil
Sector: Consumer Discretionary
Industry: Footwear