"Our brands are well-positioned for the holiday season and on track to achieve an increased outlook for the full fiscal year." - Stefano Caroti, CEO
— Stefano Caroti, CEO
03Detailed Report
DECK
Deckers Outdoor Corporation
Period
Q2 2025
CurrencyUSD
Report TypeQuarterly Earnings
GeneratedJun 4, 2026
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Executive Summary
Deckers Outdoor Corporation reported impressive results for the second quarter of fiscal 2025, achieving revenue of $1.311 billion, representing an increase of 20.1% year-over-year, driven primarily by strong sales in its HOKA and UGG brands. HOKA's revenue surged by 35%, reflecting robust consumer demand and successful product launches, while UGG posted a respectable 13% growth by evolving its iconic product lines. Despite challenges in the macroeconomic environment, the company maintained healthy gross margins of 55.9%, supported by strategic pricing and cost management. As Deckers navigates through dynamic market conditions, management has raised its full-year revenue guidance to $4.8 billion, underscoring the company's optimistic outlook for continued growth in both domestic and international markets.
Key Performance Indicators
Revenue
Increasing
1.31B
QoQ: 58.88% | YoY: 20.09%
Gross Profit
Increasing
733.27M
55.92% margin
QoQ: 62.06% | YoY: 25.77%
Operating Income
Increasing
305.09M
QoQ: 129.72% | YoY: 35.82%
Net Income
Increasing
242.32M
QoQ: 109.57% | YoY: 35.72%
EPS
Increasing
1.59
QoQ: 110.13% | YoY: 39.06%
Revenue Trend
Margin Analysis
Financial Highlights
Financial Performance Metrics
- Revenue: $1,311,320,000, up 20.1% YoY (Q2 2025 vs Q2 2024)
- Gross Profit: $733,272,000
- Gross Profit Margin: 55.9%, up from 53.4% YoY
- Operating Income: $305,086,000, representing an operating margin of 23.2%
- Net Income: $242,321,000, a 35.7% increase compared to Q2 2024
- EPS (Diluted): $1.59, a growth of 39% YoY
- Cash & Equivalents: $1.226 billion
- Total Liabilities: $1.175 billion, leading to a debt-to-equity ratio of 0.116.
Performance Indicators
- Inventory Turnover: 0.743
- Days of Sales Outstanding: 39.19
- Operating Cash Flow: -$90.55 million (reflects working capital changes)
- Current Ratio: 3.08, indicating strong liquidity and ability to cover short-term obligations.
Income Statement
Metric
Value
YoY Change
QoQ Change
Revenue
1.31B
20.09%
58.88%
Gross Profit
733.27M
25.77%
62.06%
Operating Income
305.09M
35.82%
129.72%
Net Income
242.32M
35.72%
109.57%
EPS
1.59
39.06%
110.13%
Key Financial Ratios
Gross Profit Margin
Good
55.90%
Gross profit margin is healthy and competitive within industry standards
Operating Profit Margin
Good
23.30%
Operating margin is healthy and competitive within industry standards
Net Profit Margin
Good
18.50%
Net profit margin is healthy and competitive within industry standards
Return on Assets
Fair
7.13%
Return on assets is acceptable but below top-tier companies
Return on Equity
Fair
10.90%
Return on equity is acceptable but below top-tier companies
Current Ratio
Strong
3.08
Current ratio indicates excellent liquidity and financial flexibility
Debt to Equity
Conservative
0.12
Debt-to-equity shows conservative leverage and low financial risk
P/E Ratio
Growth
25.04x
Elevated P/E suggests growth expectations or premium valuation
Price to Book
High Premium
10.92x
Very high premium suggests asset-light business model or lofty expectations
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