DECKDeckers Brands
Is the business good?
A genuinely good business: earnings fully cash-backed (1.2×), margins widening, and elite returns on assets.
Mixed fundamental signals. Nine pass/fail tests of year-over-year health from the filings.
Operating profit is fully backed by cash. Conversion is improving vs a year ago.
Negative operating leverage, costs are rising faster than sales, squeezing margins as it grows.
High-quality, exceptional returns on the assets themselves, not leverage. ROE 42% = margin × turnover × leverage.
Unless marked, from derived.
Against the whole market›
Percentile against every name Ryufin tracks. Higher is better; the tick marks the middle of the market. Context, not one of the checks above.
Where this answer is blind. The F-score rewards improvement, so an already-elite company can score mid-pack.
How good a business is DECK?
Deckers Brands keeps 23% of every revenue dollar as operating profit, against 8.8% for the median Footwear & Accessories name.
Operating margin · Footwear & Accessories median 8.8% · 12 months to Q1 2027
- Cash conversion
- 1.23×
Cash conversion · 1.03× a year ago · operating cash flow covers the operating profit after tax
- Share count, year on year
- −7.4%
Share count, year on year · bought back, each share owns more of the company
- Gross margin
- 58%
Gross margin
| Year | Operating margin |
|---|---|
| FY2021 | 20% |
| FY2022 | 18% |
| FY2023 | 18% |
| FY2024 | 22% |
| FY2025 | 24% |
| FY2026 | 23% |
Details›
- Gross margin12 months to Q1 2027
- 58%
- Operating margin12 months to Q1 2027
- 23%
- Net margin12 months to Q1 2027
- 18%
- Free cash flow margin
- 20%
- Revenue, trailing twelve months
- $5.53B
- Free cash flow, trailing twelve months
- $1.12B
- Net income, trailing twelve months
- $1.01B
Margins, capital and share counts from the statements as filed with the SEC; cash conversion is operating cash flow over operating profit after tax.
Footwear & Accessories
The closest names by size in the same industry