DECK
DECKERS OUTDOOR CORP
Next earnings Jul 22, 2026 · consensus $0.89 EPS, $1.04B rev
Last earnings +4.5% on 2026-05-21
$104.69
▲ +3.37%$104.69▲ +0.47%
over 1Y
L $79.54H $123.91
Earnings Dividend Split Congress buy Congress sellGrouped by date · hover a pin to expand
Today+3.4%
1W+2.0%
1M-5.5%
3M+6.5%
YTD-2.0%
1Y+0.5%
Buy
Conviction
Horizon
Long (>12mo)
12-mo target
$•••
Street · 33 analysts
Buy
HOKA-and-UGG powerhouse: 41% ROE, no debt, double-digit growth — yet trades at just 15.5x earnings.
P/E 15.5 · current
The read
Quality fundamentals and an attractive price line up (~57% below fair value) — the rarer case where both the business and the entry look good.
Deckers owns two of the strongest brands in footwear — HOKA and UGG — and the FY2026 (period ended March 31, 2026) numbers are exceptional. Revenue grew 9.8% to $5.47B, with HOKA net sales up 15.9% and UGG up 8.2%, and the growth engine is increasingly global: international sales jumped 26.8% to $2,280,778 thousand versus essentially flat domestic. Net income rose 6.0% to $1.02B and diluted EPS climbed 10.9% to $7.02, aided by a 7.1% reduction in the share count via $1.08B of buybacks (+89.6%).
The quality metrics are elite: 57.7% gross margin, 23.1% operating margin, 18.7% net margin and a 41.0% return on equity, all generated with effectively no debt and $1.91B of cash on the balance sheet. The five-year trajectory is relentless — revenue from $3.15B (FY2022) to $5.47B (FY2026) and net income from $452M to $1.02B — demonstrating durable, profitable compounding rather than a one-off fashion spike.
AI-generated analysis, produced by our proprietary engine from SEC filing data.
Investment recommendation produced by TENK/calls (tenkcalls.com), Luxembourg. Completed Jun 21, 2026, 4:44 PM ET. Ratings & methodology: definitions · All recommendations to date: track record · Conflicts: disclosures. Not investment advice.
Financials · annual, by fiscal year
| Line item | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | $3.15B | $3.63B | $4.29B | $4.99B | $5.47B |
| Gross profit | $1.61B | $1.83B | $2.39B | $2.89B | $3.16B |
| Operating income | $565M | $653M | $928M | $1.18B | $1.26B |
| Net income | $452M | $517M | $760M | $966M | $1.02B |
| Diluted EPS | $16.26 | $3.23 | $4.86 | $6.33 | $7.02 |
| Net margin | 14.3% | 14.2% | 17.7% | 19.4% | 18.7% |
Annual figures from SEC 10-K XBRL filings. Open the filing links below for full statement detail.
Key statistics
Valuation
Enterprise value$12.6B
EV / EBITDA9.4
EV / Sales2.3
EV / FCF11.5
P / FCF13.2
PEG (trailing)2.48
Earnings yield7.0%
FCF yield7.5%
Quality & risk
ROIC (est.)39.9%
Free cash flow$1.10B
Total debt$0.00
Net cash$1.91B
Piotroski F-Score6/8
Capital returns
Buyback yield7.4%
Dividend yield (est.)—
Shareholder yield7.4%
Shares Δ YoY-7.1%
Computed from SEC XBRL annual figures + the current quote. EV and ROIC use long-term + current debt where filed; estimates, not investment advice.
Disclosure timeline
SEC · 8-Ks + reportsRoutine disclosure cadence — no material red flags in recent filings.
Recent filings
all on EDGAR ↗4Period ending 2026-06-012026-06-02open ↗4Period ending 2026-06-012026-06-02open ↗4Period ending 2026-06-012026-06-02open ↗4Period ending 2026-06-012026-06-02open ↗4Period ending 2026-06-012026-06-02open ↗4Period ending 2026-06-012026-06-02open ↗4Period ending 2026-06-012026-06-02open ↗4Period ending 2026-06-012026-06-02open ↗4Period ending 2026-06-012026-06-02open ↗SDFiling2026-05-26open ↗4Period ending 2026-05-202026-05-22open ↗4Period ending 2026-05-202026-05-22open ↗
Frequently asked
- Is DECKERS OUTDOOR CORP (DECK) a buy?
- DECK currently carries a Buy rating with 4/5 conviction, derived from its latest SEC filings. HOKA-and-UGG powerhouse: 41% ROE, no debt, double-digit growth — yet trades at just 15.5x earnings.
- What is DECK's fair value?
- A Modified-Graham model based on DECK's SEC fundamentals estimates a fair value of about $164.78. It is an estimate from reported earnings, not a price target.
- Is DECK overvalued or undervalued?
- Against a Modified-Graham fair-value estimate, DECK currently appears undervalued relative to its SEC-grounded earnings power.
- What is DECKERS OUTDOOR CORP's quality score?
- DECK scores 77.5733587363692/100 (grade B+) on a SEC-grounded quality model spanning value, growth, profitability, financial health and momentum.
Sources: SEC EDGAR (CIK 0000910521, latest 10-K filed 2026-05-22) · EODHD · Proprietary analysis · as of 6/21/2026, 8:44:20 PM.
Research and education only — not financial advice. TENKis not a registered investment adviser or broker-dealer and gives no personalized advice. Every call is impersonal — identical for all users, generated on a schedule from SEC filings plus a delayed/third-party price feed — may be wrong or out of date, and is not a recommendation to buy or sell any security. The operator and an affiliated trading operation may hold or trade the securities TENK rates; see Disclosures. Past performance does not guarantee future results. Do your own research.