# Deckers Outdoor Corporation (DECK)

> Source: Nexqual · https://nexqual.com/DECK · data as of 2026-10-22 20:00 UTC · cite as "Nexqual, Deckers Outdoor Corporation (DECK), nexqual.com/DECK" · informational, not investment advice.

**Price:** USD 85.28 (-0.25% on the day) · last close of Oct 22, 2026; US market pre market, not a live price. Prev close 85.49 · day 84.21–87.92 · 52w 77.2–122.29 · market cap $11.6B · NYQ

## Key facts
- Last four reported quarters (through Jun 30, 2026): revenue $5.53B, net income $1.01B (18.4% margin), free cash flow $1.12B (SEC filings).
- Valuation: P/E 11.4x (avg 21.4x at the last 3 fiscal year-ends).
- 2 of 80 tracked superinvestors hold DECK (13F, Q2 2026): 0 new, 2 added, 0 reduced, 0 unchanged.
- Analysts: Hold (mean 2.50 on a 1–5 scale) (26 analysts), mean target USD 109.35 (range 70–140).
- Total return with dividends: 1Y -16.8% vs S&P 500 +14.9%; 5Y +35.0% vs S&P 500 +80.3%.
- Next earnings: 2026-10-22, EPS estimate USD 3.69, revenue estimate $2.01B.

## Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters)
| USD | FY2022 | FY2023 | FY2024 | FY2025 | FY2026 | TTM |
|---|---|---|---|---|---|---|
| Revenue | $3.15B | $3.63B | $4.29B | $4.99B | $5.47B | $5.53B |
| Gross profit | $1.61B | $1.83B | $2.39B | $2.89B | $3.16B | — |
| Operating income | $565M | $653M | $928M | $1.18B | $1.26B | $1.25B |
| Net income | $452M | $517M | $760M | $966M | $1.02B | $1.01B |
| EPS (diluted) | $2.71 | $3.23 | $4.86 | $6.33 | $7.02 | — |
| Free cash flow | $121M | $456M | $944M | $958M | $1.10B | $1.12B |
| Gross margin | 51.0% | 50.3% | 55.6% | 57.9% | 57.7% | — |
| Operating margin | 17.9% | 18.0% | 21.6% | 23.6% | 23.1% | 22.7% |
| Net margin | 14.3% | 14.2% | 17.7% | 19.4% | 18.7% | 18.4% |
| Revenue growth | +23.8% | +15.1% | +18.2% | +16.3% | +9.8% | — |
| Cash + short-term investments | $844M | $982M | $1.50B | $1.89B | $1.91B | — |
Fiscal years end Mar. EPS is split-adjusted.

## Valuation (price ÷ last four quarters, through Jun 30, 2026)
P/E 11.4x · P/S 2.1x · P/FCF 10.4x · P/B 5.0x · FCF yield 9.63% · Earnings yield 8.74% · Buyback yield (TTM) 10.59%
P/E at fiscal year-ends: Mar 2026 14.3x, Mar 2025 17.7x, Mar 2024 32.3x.

## Superinvestors (SEC 13F-HR, Q2 2026)
2 of 80 tracked investors hold DECK. Each row is the investor's latest 13F; change is vs their prior-quarter share count.
| Investor | Firm | % of portfolio | Value | Change |
|---|---|---|---|---|
| Christopher Bloomstran | Semper Augustus | 7.52% | $66.5M | Added +1.4% |
| David Einhorn | Greenlight Capital | 1.29% | $50.3M | Added +5.2% |

## Analysts
Consensus Hold (mean 2.50 on a 1–5 scale), 26 analysts; mean target USD 109.35 (low 70, high 140).
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-10-22 | Wolfe Research | Initiated | Peer Perform |  |
| 2026-10-21 | Evercore ISI Group | Target lowered | In-Line | $108 → $90 |
| 2026-10-16 | Raymond James | Target lowered | Outperform | $120 → $105 |
| 2026-10-15 | Telsey Advisory Group | Maintained | Market Perform | $105 |
| 2026-09-09 | BMO Capital | Initiated | Underperform | $70 |
| 2026-07-25 | Telsey Advisory Group | Target lowered | Market Perform | $113 → $105 |
| 2026-07-24 | Truist Securities | Target lowered | Buy | $125 → $105 |
| 2026-07-24 | Stifel | Target lowered | Buy | $144 → $133 |
| 2026-07-24 | Barclays | Target lowered | Overweight | $141 → $133 |
| 2026-07-24 | Needham | Target lowered | Buy | $138 → $125 |
| 2026-07-24 | Baird | Target lowered | Neutral | $125 → $115 |
| 2026-07-13 | Jefferies | Upgrade | Hold → Buy | $110 → $130 |

## Total return (dividends reinvested)
|  | 1Y (from 2025-10-23) | 5Y (from 2021-10-18) |
|---|---|---|
| Total return | -16.8% | +35.0% |
| S&P 500 (SPY) | +14.9% | +80.3% |
| Per year | -16.9% | +6.2% |
| Volatility (annualized) | 44.0% | 40.0% |
| Max drawdown | -35.9% (Feb 2026→Sep 2026) | -63.9% (Jan 2025→Sep 2026) |

## Peers (Footwear & Accessories)
ONON (On Holding AG) USD 34 -0.64% · CROX (Crocs, Inc.) USD 120.99 +2.11% · BIRK (Birkenstock Holding plc) USD 33.68 +4.21% · SHOO (Steven Madden, Ltd.) USD 44.42 -0.60% · NKE (Nike, Inc.) USD 38.32 +2.10% · WWW (Wolverine World Wide, Inc.) USD 20.68 +2.83%

## More
Full page: https://nexqual.com/DECK · Free keyless MCP server with the same data and citations: https://mcp.nexqual.com/mcp · Guide for agents: https://nexqual.com/agents · https://nexqual.com/llms.txt

## Revenue by business segment (quarter ended 2026-06-30)

| Line | Revenue | Share | YoY |
|---|---|---|---|
| HOKA | $703.5M | 69.0% | +7.7% |
| UGG | $278.0M | 27.3% | +4.9% |
| Other Brands | $37.9M | 3.7% | -18.1% |
| Total revenue | $1.02B | 100% | — |

## Revenue by region (quarter ended 2026-06-30)

| Line | Revenue | Share | YoY |
|---|---|---|---|
| UNITED STATES | $517.4M | 50.8% | +3.2% |
| Non-US | $502.1M | 49.2% | +8.4% |
| Total revenue | $1.02B | 100% | — |

## Company outlook (8-K filed 2026-10-22)

- "Outlook (2) for the Twelve Month Period Ending March 31, 2027 The Company's outlook is forward-looking in nature, reflecting our expectations as of October 22, 2026, and is subject to significant risks and uncertainties that limit our ability to accurately forecast results."
- "(2) Through October 8, 2026, the Company has received IEEPA tariff net refunds totaling $87.9 million, plus associated interest of $4.7 million, which have been factored into our updated outlook as a reduction of cost of sales and an increase to total other income, respectively."
- "Net of tax, this resulted in an approximate $0.52 benefit to the Company's projected full fiscal year 2027 diluted earnings per shar"

## Analyst estimates and revisions

| Period | EPS est. | 90d ago | Change | Revenue est. | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends 2026-12-31) | $3.69 | $3.72 | -0.7% | $2.01B | 19 |
| Next quarter (ends 2027-03-31) | $1.05 | $1.08 | -2.8% | $1.20B | 19 |
| Current fiscal year (ends 2027-03-31) | $7.74 | $7.52 | +2.9% | $5.73B | 15 |
| Next fiscal year (ends 2028-03-31) | $8.25 | $8.39 | -1.6% | $6.22B | 22 |

## Options: expected move (Cboe, 15-min delayed)

| Expiration | Days | ATM IV | Expected move |
|---|---|---|---|
| 2026-10-30 | 7 | 82.1% | ±11.9% |
| 2026-11-06 | 14 | 68.4% | ±13.3% |
| 2026-11-13 | 21 | 63.4% | ±14.5% |
| 2026-11-20 | 28 | 54.9% | ±14.5% |
| 2026-11-27 | 35 | 53.8% | ±15.6% |
| 2026-12-04 | 42 | 51.2% | ±16.1% |
| 2026-12-18 | 56 | 47.3% | ±15.9% |
| 2027-01-15 | 84 | 42.9% | ±18.3% |