"HOKA made great strides in fiscal 2025, with key advancements including introducing category-defining technology for pinnacle athletes..."
— Stefano Caroti
03Detailed Report
DECK
Deckers Outdoor Corporation
Period
Q4 2025
CurrencyUSD
Report TypeQuarterly Earnings
GeneratedJun 5, 2026
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Executive Summary
Deckers Outdoor Corporation (DECK) reported its Q4 2025 results, highlighting a robust revenue increase of 6% year-over-year, reaching $1.02 billion. This growth was propelled primarily by strong performances from its leading brands, HOKA and UGG. HOKA grew significantly, contributing to record revenues and establishing itself as a major player in the performance footwear market. Management emphasized adaptability amidst shifting trade policies and macroeconomic uncertainties, indicating readiness to leverage brand strength and market presence. The strategic focus on brand-led growth, coupled with an innovation-driven product strategy, positions Deckers for sustained long-term success. Key metrics indicate healthy profitability, despite external challenges.
Key Performance Indicators
Revenue
Increasing
1.02B
QoQ: -44.08% | YoY: 6.46%
Gross Profit
Increasing
597.29M
58.46% margin
QoQ: -45.83% | YoY: 10.72%
Operating Income
Increasing
173.93M
QoQ: -69.34% | YoY: 20.56%
Net Income
Increasing
151.41M
QoQ: -66.85% | YoY: 18.71%
EPS
Increasing
1.00
QoQ: -66.67% | YoY: 20.88%
Revenue Trend
Margin Analysis
Financial Highlights
- Revenue: $1.02 billion, up 6% YoY (Q3 2025: $1.82 billion) and down 44.08% QoQ.
- Gross Profit: $597.29 million with a gross profit margin of 58.5%.
- Operating Income: $173.93 million, representing a margin of 17.02%.
- Net Income: $151.41 million with a net profit margin of 14.82%, up 18.71% YoY.
- Earnings Per Share (EPS): $1.003, representing a 20.88% increase YoY.
- EBITDA: $229.13 million with an EBITDA margin of 22.42%.
- Current Ratio: 3.72, indicating strong liquidity.
Income Statement
Metric
Value
YoY Change
QoQ Change
Revenue
1.02B
6.46%
-44.08%
Gross Profit
597.29M
10.72%
-45.83%
Operating Income
173.93M
20.56%
-69.34%
Net Income
151.41M
18.71%
-66.85%
EPS
1.00
20.88%
-66.67%
Key Financial Ratios
Gross Profit Margin
Good
58.50%
Gross profit margin is healthy and competitive within industry standards
Operating Profit Margin
Good
17.00%
Operating margin is healthy and competitive within industry standards
Net Profit Margin
Good
14.80%
Net profit margin is healthy and competitive within industry standards
Return on Assets
Fair
4.24%
Return on assets is acceptable but below top-tier companies
Return on Equity
Fair
6.03%
Return on equity is acceptable but below top-tier companies
Current Ratio
Strong
3.72
Current ratio indicates excellent liquidity and financial flexibility
Debt to Equity
Conservative
0.11
Debt-to-equity shows conservative leverage and low financial risk
P/E Ratio
Growth
28.06x
Elevated P/E suggests growth expectations or premium valuation
Price to Book
High Premium
6.76x
Very high premium suggests asset-light business model or lofty expectations
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