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Deckers Brands (DECK) stock

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NYSE: DECK NYSE Footwear Next results ~January 28, 2027

B Fundamentals grade

Deckers Brands designs, markets and distributes footwear, apparel and accessories under three proprietary labels: HOKA, UGG and Teva. HOKA offers cushioned performance shoes for running, trail, hiking and fitness; UGG is known for sheepskin-lined boots and other casual footwear and apparel; Teva makes outdoor sandals, shoes and boots. The group previously also ran the Koolaburra, AHNU and Sanuk labels, now wound down or sold.

Products reach consumers through two channels: wholesale, selling to department stores, specialty and sporting-goods retailers and distributors worldwide, and direct-to-consumer, comprising company-run e-commerce sites in 54 countries and 203 owned retail stores. Revenue comes from selling goods at wholesale prices to retail partners and at full retail prices through its own shops and websites. All products are made by independent contract manufacturers, mainly in Vietnam and Indonesia.

The business is run through three reportable segments: HOKA, UGG and Other brands, the last covering Teva and the discontinued labels. Sales span the United States, Canada, Europe, Asia and Latin America. As of 31 March 2026, the company employed around 6,000 people globally, including about 2,200 in its retail stores.

Based on Deckers Brands's 10-K filed May 22, 2026.

Stock price today

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Third-party market data · may be delayed

Fair value per share

~$190

Cash-flow model

Base case. Range ~$140–$250 across our lower- and higher-growth cases (4.5%–14.5% a year).

Price vs value

Undervalued

The price is below our entire value range; our base value is 123% above it.

Price used: $85.00, November 2, 2026

Deckers Brands valuation: adjust assumptions and compare models →

Who’s trading

What company insiders, investment funds and members of Congress have been doing with the stock, from their own filings.

Value diary

Our note on each quarter Deckers Brands files

10-Q filed October 29: Deckers Brands

Model value −8.3%

Deckers Brands grew revenue 6.3% year-on-year to $5.58bn in the twelve months to September 2026, a pace that has cooled from 7.9% growth the quarter before. Free-cash-flow margin held firm at 18.9%. Buybacks have trimmed the diluted share count by 7.0% over the year, which boosts the value attached to each remaining share. Our model value has nonetheless fallen, from $204 to $187 a share, well above the current price of $81.99. The rating remains Buy. At that price, the market appears to be pricing in cash flow shrinking by roughly 6.9% a year for five years, a far gloomier outlook than the 12.1% annual revenue growth Deckers has actually delivered.

Source: 10-Q filed October 29, 2026 on SEC EDGAR · Financials · Valuation

Earlier notes (2)

10-Q filed July 30: Deckers Brands

Deckers Brands grew revenue 6.3% to $5.58bn in the twelve months to June 2026, a step down from the 7.9% pace recorded a quarter earlier. Free-cash-flow margin was unchanged at 18.9%. Buybacks have cut the diluted share count by 7.0% year-on-year, boosting the value of each remaining share. Against this, our model value has slipped from $211 to $204 a share. The shares trade at $82.97, and the rating stays Buy. At that price, the market is effectively pricing in cash flow shrinking by around 7.4% a year over the next five years, a markedly gloomier assumption than the 12.1% annual revenue growth the company has actually delivered.

10-Q on SEC EDGAR

Where Deckers Brands stands after its latest 10-Q

Revenue for the twelve months to June 2026 was $5.53bn, up 7.9% on a year earlier, slower than 9.8% a quarter earlier. Free-cash-flow margin rose to 20.2% from 17.2% a year earlier. The diluted share count is down 5.7% on a year earlier, which lifts each remaining share. Against its peers on growth, profitability, cash generation and balance sheet, it grades B. It passes 2 of our 2 financial-health checks. Our cash-flow model value is $219 a share, against a share price of $86.91.

10-Q on SEC EDGAR

Written from the company's filings and our models when each quarter's report arrives. Figures in older notes are as published at the time. Not investment advice.

The Fundamentalytics view

Next results ~January 28, 2027 (estimated)

Deckers Brands's trailing-twelve-month revenue grew 6.3% year on year, with a free-cash-flow margin of 18.9%. Where it stands out: net margin of 19.0% ranks 1 of 10 footwear companies we cover.

Our discounted-cash-flow model values the business at ~$190 per share in the base case (~$140–$250 across growth scenarios) — model values under stated assumptions, not a price target.

Current signal Results well ahead of expectations: Reported earnings per share beat the analysts' consensus estimate by 29% in the quarter to 2026-09-30, the 4th beat in the last four quarters.

Assembled from SEC-filed figures — the full workings are on this page and in our methodology. Observations, not recommendations.

Highlights

How we pick these

Strengths

  • Priced below our value. The share price of $85.00 is 123% below our value per share of $190.
  • Shrinking share count. Diluted shares fell 7.0% in a year, so each share owns more of the business.
  • Net cash. Cash exceeds long-term debt by $1.2bn.
  • Beating expectations. Earnings per share beat the analysts' consensus estimate in each of the last four quarters.

Things to watch

  • Below peers: change in growth rate. Change in growth rate of -1.5pp ranks 8 of 10 footwear companies we cover (median +2.4pp).

Latest results: FY2027 Q2

Filed October 29, 2026
Earnings per share
$2.31 against an average estimate of $1.79: beat by 28.7%
Revenue
$1.48bn, up 3.5% on a year earlier
Share reaction
-5.1% in the first session after the results on October 22, 2026, against -1.7% for the S&P 500
Guidance given
net consolidated sales $5.7bn to $5.73bn (fiscal year 2027); gross margin 58.5% (fiscal year 2027)
Next report
October 22, 2026; average EPS estimate $3.54

Deckers Brands' figures from its SEC filings and results release; estimates are the analysts' average. Not a recommendation.

Price chart

  • 1 day+3.7%
  • 1 week+5.8%
  • 1 month+7.4%
  • This year-18.0%
  • 1 year+4.3%
  • 5 years+24.9%
  • S&P 500 this year+11.2%

Closing prices to 2026-11-02. Price change only, dividends excluded.

Loading chart…

Third-party market data · may be delayed

At a glance

Trailing twelve months, from SEC filings

Profitability

Revenue (TTM)
$5.6B
Operating margin
23.6%
Net margin
19.0%
EPS (TTM, diluted)
$7.57

Growth

Revenue growth
+6.3%
Change in growth rate
−1.5 pts
Share count change
−7.0%

Cash

Free cash flow (TTM)
$1.1B
FCF margin
18.9%
Stock pay % of revenue
0.8%

Earnings

Last results
October 22, 2026
Next results (est.)
January 28, 2027

News & updates

Updated November 2, 2026

Company announcements, filed results and changes that matter to shareholders.

  1. Announcement
  2. Leadership
  3. Results
  4. Guidance
  5. Announcement
  6. Product
  7. Shareholder vote
  8. Announcement
  9. Agreement
  10. Results
  11. Announcement
  12. Announcement

Refreshed hourly when new source data is available. Summaries are checked against company releases and SEC filings. Company announcement headlines are labelled when a checked summary is unavailable.

Valuation

Deckers Brands valuation models and calculator

What the price is pricing in

The share price implies cash flow shrinking about 6.9% a year for five years.That is slower than the 12.1% a year revenue growth Deckers Brands has delivered.

  • Priced in-6.9%
  • Last 12 months6.3%
  • 3 years a year12.6%
  • 5 years a year12.1%

Our cash-flow model with every input fixed except growth over the next five years, solved for the growth at which the model value equals the share price ($82.75, Nov 3, 2026). Cash-flow growth then fades to 2.5% a year; discount rate 8.5%. Delivered figures are revenue growth from SEC filings. This is a model exercise, not investment advice or a forecast of the share price. All companies

Fundamentalytics rating

model v1.6 · 2026-11-03
Buy12-month view
12-month price target
~$190
Price used
$82.75close November 3, 2026
Implied change
▲ +129%
Uncertainty
Medium

How we got here: a discounted-cash-flow model of Deckers Brands's free cash flow after stock-based pay with after-tax interest added back ($999M, FY2027 Q2 TTM), growing 6.4% and 8.1% in the next two years (forecasts, guidance and its record), then back to 9.5% by year five, and fading to 2.5%, discounted at 8.5%. Lower and higher growth cases span ~$140–~$250 ; that spread sets a 25% margin before we rate Buy or Sell.

Produced by Fundamentalytics' automated valuation model on November 3, 2026, using delayed market prices. Rating meanings, methodology and conflicts: recommendations disclosure and research disclaimer. General research, not personal advice — it does not consider your circumstances. Prices can fall as well as rise.

Our value per share comes from a discounted-cash-flow model of Deckers Brands's free cash flow after stock-based pay ( $999M, FY2027 Q2 TTM, with after-tax interest added back): growth for five years as below (the first two years from forecasts, guidance and the company's record), fading to 2.5%, discounted at 8.5%, then cash added and debt and other claims subtracted. These are model values under stated assumptions, not price targets or recommendations.

Valuation models

We value Deckers Brands as an operating company, with every model that fits that kind of business. Cost of equity 10%: the 10-year Treasury yield (4.9%) plus a beta of 1.13 times a 4.5% equity risk premium.

Value per share by model
Model Value per share In the combined value?
Cash-flow model (DCF) Free cash flow to the firm (after stock pay, with after-tax interest added back), grown then faded to 2.5%, discounted at 8.5% as the firm rate, less debt and other claims. ~$190 ~$140–$250 Primary model, counts double
Forward price-to-earnings vs peers Next year's consensus earnings per share times peers' typical (harmonic-mean) forward price-to-earnings. Uses analysts' consensus estimates (third-party data), not our forecasts. — Does not apply: fewer than 5 peers with a usable multiple
Residual income Book value plus the present value of returns above the cost of equity, fading over ten years. ~$140 ~$99–$200 Included
Justified price-to-book Book value times (return on equity - growth) / (cost of equity - growth): steady-state returns. ~$81 ~$71–$95 Included
Combined value Weighted average of the models that apply: the primary model (cash-flow model (dcf)) counts double. Models more than 5x or less than 0.2x the share price, or more than 3x away from the other models' median, are left out. ~$150 ~$81–$190 3 models

Different models fail in different ways, so where several apply we average them rather than trust one. Peer-based models compare Deckers Brands with Footwear in our coverage, using third-party market data. Model values are estimates under stated assumptions, updated as new filings arrive; not price targets or investment advice. How each model works.

What moves the value

  • Revenue growth 5 points lower ▼ −24%
  • Revenue growth 5 points higher ▲ +31%
  • Free-cash-flow margin 1 point lower ▼ −5%
  • Last year's free-cash-flow margin change, if it persists ▲ +1%
  • Discount rate 1 point higher ▼ −14%
Value per share under different assumptions
Discount rate ↓ / growth → −5% growth0% growth5% growth10% growth15% growth20% growth
7% $117$155$207$274$362$475
8.5% $92$120$156$205$267$348
10% $76$98$126$163$211$272

Valuation multiples over time Market data may be delayed

At fiscal year end 20162017201820192020202120222023202420252026Now
Share price$9.98$9.96$15.01$24.50$22.33$55.07$45.63$74.92$156.88$111.81$100.09$85.00
Market value$2.0bn$1.9bn$2.9bn$4.4bn$3.8bn$9.4bn$7.6bn$12.0bn$24.5bn$17.1bn$14.6bn$11.9bn
+ Net debt (− = net cash)−$178m−$291m−$429m−$589m−$649m−$1.1bn−$844m−$982m−$1.5bn−$1.9bn−$1.9bn−$1.2bn
Enterprise value$1.8bn$1.6bn$2.5bn$3.8bn$3.2bn$8.3bn$6.8bn$11.0bn$23.0bn$15.2bn$12.7bn$10.7bn
Multiples
Price / sales 1.1x1.1x1.5x2.2x1.8x3.7x2.4x3.3x5.7x3.4x2.7x2.1x
Price / earnings 16.2xn/m25.2x16.6x13.9x24.5x16.8x23.2x32.3x17.7x14.3x11.2x
Price / free cash flow 33.2x12.5x9.8x13.3x15.1x16.6x62.7x26.3x26.0x17.8x13.3x11.3x
EV / EBITDA 8.5x32.4x9.0x10.2x8.5x15.2x11.1x15.7x23.4x12.2x9.5x7.7x

Market value uses the period's diluted share count; figures for each fiscal year use that year's results and the price at year end. "Now" uses today's price and the last twelve months.

Moat

76 /100

Strong moat

How hard Deckers Brands's competitive advantage looks for rivals to wear away, judged from 10 years of its own filings: returns on capital, pricing power, profit durability, cash conversion and discipline.

  • Returns on capital 20 / 20

    Net income has been a median 15.8% of total assets over 10 years.

  • Pricing power 16 / 20

    Gross margin has been a median 52.3%, moving by 3.6 percentage points (standard deviation) across 10 years.

  • Durability 6 / 20

    Operating margin has been a median 16.1%; its worst year was 1.8%.

  • Cash conversion 19 / 20

    Free cash flow was positive in 10 of 10 years, at a median 17.1% of revenue.

  • Discipline 20 / 20

    The diluted share count fell 20.2% over five years; stock-based pay has been a median 0.8% of revenue.

AI disruption exposure: Medium. In this industry, AI could change how the product is made or sold, without replacing the core asset. The score above includes a 5-point deduction for that exposure (81 before it).

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

Forecasts and guidance

Analysts' consensus

Fiscal yearEPSGrowthRevenueGrowth
Current $7.86 +12% $5.7bn +4%
Next $8.11 +3% $6.0bn +6%

Next year's EPS estimate has moved −3.4% in 90 days, across 21 analysts.

How the EPS forecast has moved

The consensus EPS forecast for the current fiscal year is +4.4% on 90 days ago. In the last 30 days, 15 analysts raised Deckers Brands's forecast and 1 cut it.

Consensus EPS forecast Deckers Brands, last 90 days
$7.50 $8.00 $8.50 90 days ago 60 days ago 30 days ago 7 days ago Now Current fiscal year, 90 days ago: $7.53 Current fiscal year, 60 days ago: $7.53 Current fiscal year, 30 days ago: $7.51 Current fiscal year, 7 days ago: $7.53 Current fiscal year, Now: $7.86 $7.86 Next fiscal year, 90 days ago: $8.40 Next fiscal year, 60 days ago: $8.40 Next fiscal year, 30 days ago: $8.35 Next fiscal year, 7 days ago: $8.37 Next fiscal year, Now: $8.11 $8.11

Average of analysts' published estimates (third-party data).

View chart data
Period Current fiscal yearNext fiscal year
90 days ago $7.53$8.40
60 days ago $7.53$8.40
30 days ago $7.51$8.35
7 days ago $7.53$8.37
Now $7.86$8.11

Earnings against estimates

Quarter toEstimateActualSurprise
Sept 2026 $1.79 $2.31 +28.7%
Jun 2026 $0.87 $0.94 +7.6%
Mar 2026 $0.83 $0.96 +15.6%
Dec 2025 $2.76 $3.33 +20.5%

Adjusted EPS as companies report it, against the average analyst estimate.

Management guidance

Earnings release, October 22, 2026
  • Net consolidated sales fiscal year 2027 $5.7bn to $5.725bn Lowered vs 5.86bn to 5.91bn
    “Net consolidated sales are now expected to be in the range of $5.700 billion to $5.725 billion.” source
  • Diluted earnings per share fiscal year 2027 $7.80 to $7.95 Raised
    “FULL YEAR FY 2027 DILUTED EPS GUIDANCE RAISED TO RANGE OF $7.80-$7.95, INCLUDING AN APPROXIMATE $0.52 BENEFIT RELATED TO IEEPA TARIFF NET REFUNDS RECEIVED (2)” source
  • Gross margin fiscal year 2027 about 58.5% Raised vs about 56.5
    “Gross margin is now expected to be approximately 58.5%.” source
  • Operating margin fiscal year 2027 about 23% Raised vs about 21.5
    “Operating margin is now expected to be approximately 23%.” source
  • SG&A expenses as a percentage of net sales fiscal year 2027 about 35.5% Raised vs about 35
    “SG&A expenses as a percentage of net sales are now expected to be approximately 35.5%.” source
  • Effective tax rate fiscal year 2027 about 23% Maintained
    “Effective tax rate is still expected to be approximately 23%.” source

Figures and quotations are management's, copied from the company's own press release (SEC 8-K exhibit) and checked word for word against it. Forward-looking statements are the company's expectations, not ours and not advice; guidance can change or be missed.

How our valuation uses these forecasts

Our cash-flow model grows Deckers Brands's revenue by +6.4% next year and +8.1% the year after, then fades back toward its own record by year five. Next year's rate weighs analysts' consensus (+5.4%, weight 57%) , management guidance (+5.4%, weight 19%) and the company's own record (+9.5%, weight 25%) . How the weights are set.

Analyst recommendations

27 analysts, Oct 2026
Buy1244%
Hold1141%
Sell415%

Monthly trend

  1. Oct 20265711327
  2. Sep 20265811327
  3. Aug 20265811226
  4. Jul 20265811226

Counts of recommendations published by analysts covering Deckers Brands, by month. Source: Aggregated broker recommendations (third-party data). Aggregated counts only: we do not reproduce any firm's recommendation or price target, and these are not Fundamentalytics ratings.

Positioning

Short interest
8.9%
of tradable shares
Days to cover
3.29
at average volume
Short interest, 1 month
+14%
to October 15, 2026
Held by institutions
—
of shares
Held by insiders
0.7%
of shares
Employees
6,000
full time

Consensus figures average analysts' published estimates (third-party data); guidance is the company's own. Neither is our forecast. Short interest is reported twice a month and lags. Market data may be delayed.

This section is general information, not investment advice or a personal recommendation, and it does not take account of your objectives or circumstances. Forecasts and guidance are estimates, not promises: companies miss their own guidance and analysts' figures are often revised. Prices can fall as well as rise, and you can lose money. See our disclaimer.

Share-price performance

Market data may be delayed

What moved the share price

Last 12 months +4.3%

$81.50 on October 31, 2025 to $85.00

ThenNowEffect
Revenue (last 12 months) $5.1bn $5.5bn +7.9%
Net margin 19.3% 18.4% −4.9%
P/E multiple 12.5x 12.0x −4.1%
Share count 152m 143m +6.1%

Biggest factor: revenue.

Last 3 years −14.6%

$99.52 on November 3, 2023 to $85.00

ThenNowEffect
Revenue (last 12 months) $3.7bn $5.5bn +49.8%
Net margin 10.6% 18.4% +74.0%
P/E multiple 40.9x 12.0x −70.7%
Share count 160m 143m +11.7%

Biggest factor: p/e multiple.

The effects multiply back to the price change exactly. Results are the last 12 months as known on each date (filings assumed public 45 days after quarter end).

Return and risk by year

Calendar year 202120222023202420252026 to date
Return
DECK+28%+9%+68%+82%−49%−18%
Industry peers (median)+45%−23%+33%+10%−14%+49%
S&P 500+29%−18%+26%+25%+18%+11%
Months that ended higher
DECK75%50%67%67%33%46%
S&P 50075%42%67%75%75%46%
Largest fall from a high during the year
DECK−25%−38%−14%−23%−64%−36%
S&P 500−5%−25%−10%−8%−19%−9%

Worst fall since November 2, 2015: 65% from January 30, 2025 to September 15, 2026. Getting back needed a 188% gain, and the shares have not yet recovered.

Price behaviour

52-week range
$77.51 – $120.94
From 52-week high
−29.7%
vs 50-day average
+3.0%
vs 200-day average
−14.3%
Volatility (1 year)
41%
Beta vs S&P 500
1.03

Volatility is the annualised standard deviation of daily returns. Beta 1.5 means the shares typically moved 1.5% for each 1% move in the S&P 500 over the past year. Prices to November 2, 2026.

Share price after results

Next day
7 up, 5 down
typical move ±12.6%
After a week
6 up, 6 down
typical move ±11.6%
After a month
7 up, 4 down
typical move ±16.3%
Results releasedNext dayS&P 500 next day5 days21 days
October 22, 2026 −5.1% −1.7% −3.2% —
July 23, 2026 −6.3% −1.1% −2.7% −10.5%
May 21, 2026 +8.6% +0.6% +15.9% +5.5%
January 29, 2026 +22.2% −0.5% +13.9% +17.3%
October 23, 2025 −13.8% +1.4% −19.8% −15.6%
July 24, 2025 +8.1% +0.5% −1.8% +0.9%
May 22, 2025 −18.1% −0.6% −14.5% −17.1%
January 30, 2025 −19.0% 0.0% −21.3% −37.3%
October 24, 2024 +11.4% +0.2% +6.6% +27.3%
July 25, 2024 +5.8% +0.6% +7.1% +15.2%
May 23, 2024 +15.7% −0.1% +22.5% +9.2%
February 1, 2024 +17.0% +2.4% +10.4% +22.9%

From the close before the release date to the close 1, 5 and 21 trading days after it, so releases before the open and after the close are both captured. Past moves don't predict future ones.

Options strategies

All options ideas

How Deckers Brands’s listed options are priced, and three ways to use them that follow from our valuation. Quotes are delayed, read November 2, 2026. Check the live chain at your broker before trading.

Implied vs realised volatility

Options look fairly priced

Implied volatility is within its normal range against realised. Selling options earns the usual premium, nothing extra.

  • Implied is 1.19× the last 60 days’ realised volatility , richer than 52% of the 229 stocks we screen today.
  • Puts and calls are priced at about the same implied volatility.
  • Why: implied is not far enough above realised, or not unusual against our coverage.

Our rule for “rich”: implied at least 1.2× 60-day realised (beyond measurement noise), above 1-year realised (not just a calm spell), and in the top 20% of our coverage that day. Never with results inside the option’s life. These are our conventions, built on research showing option prices usually imply more movement than follows, most when the gap is wide. How we judge this.

Cash-secured put

Not offered: fundamentals grade B (needs B+ or better).

We suggest selling a put only on well-rated companies, at a strike where the price you would pay if assigned (strike less premium) is at or below our fair value.

Covered call

Not offered: no liquid call at or above our price target — the model says the upside is worth more than any listed strike.

For holders: sell a call at a strike at or above our fair value, so the shares are only sold at a price the model calls full value.

Collar

Not offered: the shares trade below our fair value: a collar caps upside the model expects.

For holders of a stock trading at or above our fair value: buy a put for a floor and sell a call to pay for it.

General research, not personal advice. Options can lose you more than you expect and are not suitable for everyone: put sellers can be made to buy shares that keep falling, call sellers give up gains above the strike, and results or news can move prices sharply. Chances shown are approximations from each option’s delta. Spreads, fees and early assignment are not modelled.

Deckers Brands in five measures

Fundamentals grade B
Growth Profitability Cash Balance sheet Value

Growth, profitability, cash generation and balance sheet are percentiles against the companies we cover in the same industry, from SEC filings (100 = best). Value compares the share price with our modelled value range (50 = at our base value; higher = cheaper). A description of reported data and our model — not a quality score or advice.

Fundamentals

Revenue (TTM) Deckers Brands
$4B $4.5B $5B $5.5B $6B FY24 Q3 FY25 Q2 FY26 Q1 FY27 Q2 Revenue (TTM), FY24 Q3: $4.1B Revenue (TTM), FY24 Q4: $4.3B Revenue (TTM), FY25 Q1: $4.4B Revenue (TTM), FY25 Q2: $4.7B Revenue (TTM), FY25 Q3: $4.9B Revenue (TTM), FY25 Q4: $5B Revenue (TTM), FY26 Q1: $5.1B Revenue (TTM), FY26 Q2: $5.2B Revenue (TTM), FY26 Q3: $5.4B Revenue (TTM), FY26 Q4: $5.5B Revenue (TTM), FY27 Q1: $5.5B Revenue (TTM), FY27 Q2: $5.6B $5.6B

Source: SEC EDGAR filings. Retrieved October 30, 2026.

View chart data
Period Revenue (TTM)
FY24 Q3 $4.1B
FY24 Q4 $4.3B
FY25 Q1 $4.4B
FY25 Q2 $4.7B
FY25 Q3 $4.9B
FY25 Q4 $5B
FY26 Q1 $5.1B
FY26 Q2 $5.2B
FY26 Q3 $5.4B
FY26 Q4 $5.5B
FY27 Q1 $5.5B
FY27 Q2 $5.6B
Revenue growth, TTM YoY Deckers Brands
0% 10% 20% 30% FY24 Q3 FY25 Q2 FY26 Q1 FY27 Q2 Revenue growth, TTM YoY, FY24 Q3: 15.3% Revenue growth, TTM YoY, FY24 Q4: 18.2% Revenue growth, TTM YoY, FY25 Q1: 20.3% Revenue growth, TTM YoY, FY25 Q2: 19.3% Revenue growth, TTM YoY, FY25 Q3: 19.5% Revenue growth, TTM YoY, FY25 Q4: 16.3% Revenue growth, TTM YoY, FY26 Q1: 15.5% Revenue growth, TTM YoY, FY26 Q2: 12.6% Revenue growth, TTM YoY, FY26 Q3: 9.2% Revenue growth, TTM YoY, FY26 Q4: 9.8% Revenue growth, TTM YoY, FY27 Q1: 7.9% Revenue growth, TTM YoY, FY27 Q2: 6.3% 6.3%

Source: SEC EDGAR filings. Retrieved October 30, 2026.

View chart data
Period Revenue growth, TTM YoY
FY24 Q3 15.3%
FY24 Q4 18.2%
FY25 Q1 20.3%
FY25 Q2 19.3%
FY25 Q3 19.5%
FY25 Q4 16.3%
FY26 Q1 15.5%
FY26 Q2 12.6%
FY26 Q3 9.2%
FY26 Q4 9.8%
FY27 Q1 7.9%
FY27 Q2 6.3%
Operating margin (TTM) Deckers Brands
21% 22% 23% 24% FY24 Q3 FY25 Q2 FY26 Q1 FY27 Q2 Operating margin (TTM), FY24 Q3: 21.6% Operating margin (TTM), FY24 Q4: 21.6% Operating margin (TTM), FY25 Q1: 22.3% Operating margin (TTM), FY25 Q2: 23.0% Operating margin (TTM), FY25 Q3: 23.3% Operating margin (TTM), FY25 Q4: 23.6% Operating margin (TTM), FY26 Q1: 23.6% Operating margin (TTM), FY26 Q2: 23.5% Operating margin (TTM), FY26 Q3: 23.8% Operating margin (TTM), FY26 Q4: 23.1% Operating margin (TTM), FY27 Q1: 22.7% Operating margin (TTM), FY27 Q2: 23.6% 23.6%

Source: SEC EDGAR filings. Retrieved October 30, 2026.

View chart data
Period Operating margin (TTM)
FY24 Q3 21.6%
FY24 Q4 21.6%
FY25 Q1 22.3%
FY25 Q2 23.0%
FY25 Q3 23.3%
FY25 Q4 23.6%
FY26 Q1 23.6%
FY26 Q2 23.5%
FY26 Q3 23.8%
FY26 Q4 23.1%
FY27 Q1 22.7%
FY27 Q2 23.6%
FCF margin (TTM) Deckers Brands
16% 18% 20% 22% 24% 26% FY24 Q3 FY25 Q2 FY26 Q1 FY27 Q2 FCF margin (TTM), FY24 Q3: 24.8% FCF margin (TTM), FY24 Q4: 22.0% FCF margin (TTM), FY25 Q1: 21.2% FCF margin (TTM), FY25 Q2: 18.4% FCF margin (TTM), FY25 Q3: 20.4% FCF margin (TTM), FY25 Q4: 19.2% FCF margin (TTM), FY26 Q1: 17.2% FCF margin (TTM), FY26 Q2: 18.7% FCF margin (TTM), FY26 Q3: 17.3% FCF margin (TTM), FY26 Q4: 20.1% FCF margin (TTM), FY27 Q1: 20.2% FCF margin (TTM), FY27 Q2: 18.9% 18.9%

Source: SEC EDGAR filings. Retrieved October 30, 2026.

View chart data
Period FCF margin (TTM)
FY24 Q3 24.8%
FY24 Q4 22.0%
FY25 Q1 21.2%
FY25 Q2 18.4%
FY25 Q3 20.4%
FY25 Q4 19.2%
FY26 Q1 17.2%
FY26 Q2 18.7%
FY26 Q3 17.3%
FY26 Q4 20.1%
FY27 Q1 20.2%
FY27 Q2 18.9%

Data: SEC EDGAR XBRL company facts (as filed in 10-K/10-Q); forms 10-K, 10-Q, 10-QT. Generated November 3, 2026. Definitions in our methodology.

Financial statements

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year 2010 Dec 2009 2011 Dec 2010 2012 Dec 2011 2013 Dec 2012 2014 Dec 2013 2015 Mar 2015 2016 Mar 2016 2017 Mar 2017 2018 Mar 2018 2019 Mar 2019 2020 Mar 2020 2021 Mar 2021 2022 Mar 2022 2023 Mar 2023 2024 Mar 2024 2025 Mar 2025 2026 Mar 2026 LTM Sept 2026
Income
Revenue 813 1,001 1,377 1,414 1,557 1,817 1,875 1,790 1,903 2,020 2,133 2,546 3,150 3,627 4,288 4,986 5,472 5,577
Gross profit 371 503 679 632 736 878 847 835 932 1,040 1,104 1,374 1,608 1,825 2,385 2,886 3,158 3,286
EBITDA 191 261 310 220 249 274 212 51 271 372 377 545 608 701 985 1,248 1,339 1,388
Operating income 181 249 285 187 208 224 162 −2 223 327 338 504 565 653 928 1,179 1,263 1,316
Net income 117 158 199 129 146 162 122 6 114 264 276 383 452 517 760 966 1,024 1,060
Diluted EPS $0.49 $0.67 $0.84 $0.57 $0.70 $0.78 $0.62 $0.03 $0.60 $1.47 $1.60 $2.25 $2.71 $3.23 $4.86 $6.33 $7.02 $7.57
Growth (year on year)
Revenue +17.9% +23.1% +37.6% +2.7% +10.1% +16.7% +3.2% −4.5% +6.3% +6.2% +5.6% +19.4% +23.8% +15.1% +18.2% +16.3% +9.8% +6.3%
EBITDA +55.7% +36.5% +18.7% −29.0% +13.1% +9.7% −22.6% −76.1% +434.7% +37.3% +1.3% +44.5% +11.5% +15.3% +40.6% +26.7% +7.2% +6.2%
Operating income +55.0% +37.4% +14.4% −34.4% +11.2% +7.9% −27.8% −101.2% — +47.1% +3.3% +49.1% +12.0% +15.6% +42.1% +27.1% +7.1% +6.7%
Net income +57.9% +35.5% +25.8% −35.3% +13.1% +11.0% −24.4% −95.3% — +131.1% +4.5% +38.5% +18.1% +14.4% +47.0% +27.2% +6.0% +4.4%
Diluted EPS +58.3% +36.1% +25.8% −32.0% +21.2% +11.5% −20.6% −95.1% — +146.9% +8.8% +40.0% +20.7% +19.2% +50.5% +30.2% +10.9% +12.2%
Margins
Gross margin 45.6% 50.2% 49.3% 44.7% 47.3% 48.3% 45.2% 46.7% 48.9% 51.5% 51.8% 54.0% 51.0% 50.3% 55.6% 57.9% 57.7% 58.9%
EBITDA margin 23.5% 26.1% 22.5% 15.6% 16.0% 15.1% 11.3% 2.8% 14.2% 18.4% 17.7% 21.4% 19.3% 19.3% 23.0% 25.0% 24.5% 24.9%
Operating margin 22.3% 24.9% 20.7% 13.2% 13.4% 12.4% 8.6% −0.1% 11.7% 16.2% 15.9% 19.8% 17.9% 18.0% 21.6% 23.6% 23.1% 23.6%
Net margin 14.4% 15.8% 14.5% 9.1% 9.4% 8.9% 6.5% 0.3% 6.0% 13.1% 12.9% 15.0% 14.3% 14.2% 17.7% 19.4% 18.7% 19.0%
Free-cash-flow margin 21.1% 11.7% −1.8% 7.2% 11.7% 4.3% 3.2% 8.6% 15.4% 16.4% 11.9% 22.2% 3.9% 12.6% 22.0% 19.2% 20.1% 18.9%
Cash flow
Cash from operations 185 140 30 164 262 170 126 199 327 360 286 596 172 537 1,033 1,045 1,182 1,128
Capital spending 14 22 56 62 80 91 66 44 35 29 32 32 51 81 89 86 85 76
Free cash flow 172 117 −25 102 182 79 60 155 293 330 254 564 121 456 944 958 1,097 1,053
Stock-based pay 13 13 15 15 13 14 7 6 14 15 14 23 27 27 37 38 45 46
Free cash flow after stock pay 159 105 −40 88 169 65 53 149 278 316 239 541 95 430 907 920 1,052 1,007
Balance sheet
Cash — — — — — 225 246 292 430 590 649 1,089 844 982 1,502 1,889 1,907 1,210
Total debt 0 0 0 33 10 57 67 1 1 1 1 0 0 0 0 0 0 0
Net debt (negative = net cash) — — — — — −168 −178 −291 −429 −589 −649 −1,089 −844 −982 −1,502 −1,889 −1,907 −1,210
Diluted shares 236m 236m 236m 224m 209m 208m 198m 194m 192m 179m 172m 170m 167m 160m 156m 153m 146m 140m
Returned to shareholders
Buybacks 20 10 20 221 0 107 94 13 150 161 190 99 357 297 415 567 1,075 1,248
Total returned 20 10 20 221 0 107 94 13 150 161 190 99 357 297 415 567 1,075 1,248

Source: SEC EDGAR XBRL company facts (US and foreign periodic filings); column headings link to the filing. EBITDA is operating income plus depreciation and amortisation. Free cash flow is cash from operations minus capital spending. Growth is left blank when last year's figure was a loss or under 2% of revenue. Share counts and EPS are restated for stock splits. A dash means the company didn't report the figure.

Financial health

2 of 2 checks passed · September 30, 2026
What it owns · $3.9bn
Short-term assets $2.9bnLonger-term assets $1.0bn
What it owes, and who funded it · $3.4bn
Short-term liabilities $1.1bnShareholders' equity $2.3bn
  • Short-term assets cover short-term liabilities $2.9bn of assets due within a year against $1.1bn of liabilities due within a year.
  • Short-term assets cover long-term liabilities Not assessable from the reported split. Not assessable.
  • More cash than debt Cash or debt not separately reported. Not assessable.
  • Debt below 40% of shareholders' equity Equity or debt not reported. Not assessable.
  • Debt burden no higher than five years ago Five-year comparison not available. Not assessable.
  • A year's operating cash flow covers at least 20% of debt Cash flow or debt not reported. Not assessable.
  • Operating profit covers interest at least five times over Operating income of $1.3bn against $5m of interest.

From Deckers Brands's latest balance sheet as filed. Checks are fixed, documented rules (methodology), counted only where the company reports the figures — a dot means the filing doesn't break the item out. Descriptions of reported data, not advice.

Dividends, buybacks and capital spending

FY2027 Q2 TTM
Buybacks (TTM)
$1.2B
Returned to shareholders
119%
of free cash flow
Buybacks, last 3 fiscal years
$2.1B
Diluted share count
−7.0%
year over year
Total shareholder yield
11.0%
dividends 0.0% + buybacks 11.0% of market value
Sales & admin spending
35.3%
of revenue
Days sales outstanding
44 days
receivables vs revenue

Competitors: side by side with peers

Closest by revenue in footwear
Last 12 months unless stated DECK CROX ONON CAL SHOO BIRK Median
Revenue, last 12 months $5.6bn $4.1bn $3.6bn $2.8bn $2.7bn $2.3bn $2.5bn
Revenue growth, last 12 months 6.3% 0.7% 38.1% 7.3% 18.2% 18.6% 7.2%
Revenue growth, 3-year average 12.6% 1.3% — −0.1% 12.3% — 0.6%
Revenue growth, latest quarter 3.5% 4.6% — 5.6% 19.1% — 6.8%
Gross margin 58.9% 59.4% 62.8% 46.2% 46.1% 59.1% 48.1%
Operating margin 23.6% 22.6% 12.5% 3.1% 7.5% 26.2% 10.7%
Operating margin, 3-year average 23.4% 17.6% — 4.2% 7.9% — 8.4%
Net margin 19.0% 16.2% 6.8% 1.8% 5.4% 16.6% 6.2%
Cash from operations / revenue 20.2% 19.8% 11.9% 4.1% 9.6% 18.3% 10.8%
Free-cash-flow margin 18.9% 18.4% 9.5% 2.2% 8.2% 14.7% 9.2%
Free-cash-flow margin, 3-year average 18.7% 19.7% — 1.9% 7.8% — 8.1%
Stock pay / revenue 0.8% 1.1% 2.2% 0.4% 1.1% −0.2% 0.8%
Change in share count −7.0% −11.3% — −0.8% 0.7% −0.6% −0.6%

Median of all 10 companies we cover in footwear. Shaded: best of the six on that line (lowest for stock pay and share-count growth). 3-year figures average the last three 12-month periods; 3-year growth is compound annual. Source: SEC filings.

Peer comparison

10 footwear companies
Measure Company Peer median Rank
Revenue growth Growth 6.3% 7.3% 7 of 10
Change in growth rate Growth -1.5pp +2.4pp 8 of 10
Gross margin Profitability 58.9% 49.1% 4 of 10
Operating margin Profitability 23.6% 12.5% 2 of 10
Net margin Profitability 19.0% 6.8% 1 of 10
Free-cash-flow margin Cash generation 18.9% 9.5% 1 of 10
Stock pay as % of revenue Cash generation 0.8% 0.8% 5 of 9
Change in share count Balance sheet -7.0% -0.6% 2 of 9
Days sales outstanding Balance sheet 44 days 43 days 6 of 8

Rank 1 = best in the group (for spending, debt and dilution, lower ranks first).

Where the revenue comes from

Fiscal year to March 31, 2026
Geography
Region Revenue Share YoY
United States $3.2B 58.3% ▲ 0.2%
Outside the US $2.3B 41.7% ▲ 26.8%

From Deckers Brands's 10-K filed May 22, 2026, as tagged in the filing. View filing. Indented rows are part of the line above; their share is of that line. In the bars, the faint bar behind is the year before.

Who owns it

Funds buying and selling
Reported value
$13.3B
Institutions reporting
860
Shares held vs prior quarter
▲ 0.6%
Positions opened / closed
90 / 99

Top buyers and sellers, Q2 2026: 410 institutions bought and 437 sold ; the biggest buyer was Two Sigma Investments, LP (+661K shares) and the biggest seller Blackrock, Inc (−1.3M). See which funds bought and sold →

Largest reported holders, June 30, 2026
Manager Value Shares Share of 13F value Shares QoQ
Blackrock, Inc. $1.3B 13.5M 10.1% ▼ 8.5%
Vanguard Capital Management LLC $911M 9.2M 6.8% ▼ 0.6%
State Street Corp $628M 6.3M 4.7% ▲ 2.2%
Vanguard Portfolio Management LLC $590M 5.9M 4.4% ▲ 1.7%
FMR LLC $525M 5.3M 3.9% ▼ 13.8%
Geode Capital Management, LLC $424M 4.3M 3.2% ▲ 6.2%
Invesco Ltd. $306M 3.1M 2.3% ▲ 2.6%
AQR Capital Management LLC $270M 2.7M 2.0% ▼ 30.7%
Morgan Stanley $243M 2.4M 1.8% ▲ 15.4%
Robeco Institutional Asset Management B.V. $220M 2.2M 1.7% ▲ 11.4%
Two Sigma Investments, LP $211M 2.1M 1.6% ▲ 45.0%
UBS Am, A Distinct Business Unit Of UBS Asset Management Americas LLC $210M 2.1M 1.6% ▲ 21.5%

From Form 13F filings with the SEC ( quarterly data sets), as reported by each manager for June 30, 2026 and filed up to 45 days later. 13F reports cover long US-listed positions of managers above $100M only, so this is not Deckers Brands's complete shareholder register. Values are as reported by the filers ; 2 inconsistently scaled filing rows were excluded.

Insider trading activity

Full insider history and chart
Insider purchases History → $0 0 trades by 0 insiders, last 12 months Insider sales History → $1M 3 trades by 3 insiders · 0% under pre-set plans
Net ▼ $1M net selling
Insider Date Trade Shares Price Value
Spring-Green Robin President, Hoka February 13, 2026 Sell 347 $113.78 $39,482
Spangenberg Anne President, Fashion Lifestyle February 13, 2026 Sell 4,063 $116.02 $471,389
Shanahan Lauri M Director February 13, 2026 Sell 4,682 $114.84 $537,681

From insiders' Form 4 filings with the SEC. Excludes awards, option exercises and shares withheld for tax. "Pre-set plan" means the filing marks the trade as made under a Rule 10b5-1 plan. See every insider trade since five years ago, on a price chart.

Trades by members of Congress

All 19 trades and filings

In the last 12 months, 1 member of Congress disclosed 1 purchase and 1 sale of Deckers Brands shares.

  • Gilbert Ray Cisneros, Jr.(D-CA 31):Sale (full), $1,001 - $15,000, traded September 18, 2026, filed October 12, 2026
  • Gilbert Ray Cisneros, Jr.(D-CA 31):Purchase, $1,001 - $15,000, traded November 18, 2025, filed December 15, 2025
  • Byron Donalds(R-FL 19):Sale (full), $1,001 - $15,000, traded August 7, 2025, filed September 5, 2025

Value ranges as filed; reports can arrive up to 45 days after a trade.

Earnings dates and SEC filings

Results announcements

Next expected around January 28, 2027 estimated from the company's past filing pattern, not announced

  • October 22, 2026
  • July 23, 2026
  • May 21, 2026
  • January 29, 2026
  • October 23, 2025
  • July 24, 2025

Recent SEC filings

Data status

When each part of this page on Deckers Brands was last updated.

DataLast updatedSource
Share priceExchange closing prices
Financial statementsSEC 10-K and 10-Q filings
News and updatesCompany releases and SEC 8-K filings
Analyst estimatesAggregated analyst estimates
Valuation and scoresOur models, from the filed figures

How we build and check these figures: methodology and data sources.

Deckers Brands in brief

What does Deckers Brands do?
Deckers Brands is a US-listed company in the footwear industry. Its financial year ends in March.
What is Deckers Brands's stock ticker?
Deckers Brands trades under the ticker DECK on NYSE. This page brings together its financial statements, valuation models, ownership and recent company updates.
What is Deckers Brands's revenue, and how fast is it growing?
Over its most recent trailing twelve months, Deckers Brands reported revenue of $5.6B, 6.3% higher than a year earlier, according to its SEC filings.
What is Deckers Brands's free cash flow?
Deckers Brands's free-cash-flow margin is 18.9% of revenue over the trailing twelve months, ranking 1 of the 10 footwear companies we cover.
What is Deckers Brands's fair value (intrinsic value) per share?
Our discounted-cash-flow model of Deckers Brands's free cash flow after stock-based pay gives ~$190 per share in the base case, and ~$140–$250 across growth scenarios. These are model values under stated assumptions — not a price target or a recommendation.
Who are Deckers Brands's largest institutional shareholders?
By value reported in 13F filings for June 30, 2026, the largest reported holders are Blackrock, Inc., Vanguard Capital Management LLC and State Street Corp. 13F reports cover long US-listed positions of managers above $100M, filed up to 45 days after quarter end.
Is Deckers Brands buying back stock, and does it pay a dividend?
Deckers Brands spent $1.2B on share repurchases over the trailing twelve months, and its diluted share count fell 7.0% over the year.
What is Deckers Brands's market cap?
On November 2, 2026, Deckers Brands's market capitalisation was about $11.9B, with a price-to-earnings ratio of 11.2 and net debt of -$1.2B. Market figures come from third-party market data and may be delayed.
Who are Deckers Brands's competitors?
In our Footwear peer group, the companies closest to Deckers Brands are Crocs, Inc., On Holding AG, Caleres Inc, Steven Madden, LTD. and Birkenstock Holding plc. The side-by-side comparison below sets their revenue, margins and growth against Deckers Brands's.
Are insiders buying or selling Deckers Brands stock?
Over the last 12 months, Deckers Brands's directors and officers reported 0 open-market purchases and 3 sales on Form 4. The insider trading page charts every trade.
When is Deckers Brands's next earnings date?
Around January 28, 2027, estimated from the spacing of its past results announcements (8-K filings). That is an estimate, not a confirmed date — Deckers Brands announces its own schedule.