Feed / DECK

Deckers Outdoor Corporation

DECK

Consumer Cyclical · 79.92 -0.3% today

Isolated · not yet confirmedMarket checked 10 Sept, 15:55 GMT-4

Market read

Deckers Outdoor Corporation's current read is isolated; its market group is not confirming.

The latest filing is mixed. 0 of 32 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 1 directly disclosed connection is confirming.

What changed
  • Revenue increased 9.8% versus the comparable filing period.
  • Operating margin fell 0.6 percentage points.
Company-0.3% todayVolume comparison unavailable
Market group0 of 32 activeApparel & Footwear · unavailable
Disclosed network0 of 1 confirmingNo filing-linked name is confirming now
What would change this read
  • Gross margin change reported as primarily due to incremental tariffs on domestic goods, partially offset by pricing and mix.

Invalidation: The isolated read changes if DECK's group or a disclosed connection begins moving with it.

Watch this read

Research brief

The story so far

Consumer Cyclical · Footwear & Accessories

The latest filing is mixed. 0 of 32 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 1 directly disclosed connection is confirming.

Evidence that supports
  • Revenue increased 9.8% versus the comparable filing period.
  • Operating cash flow covered net income at 1.15x, improving versus the comparable period.
Evidence that challenges
  • Operating margin fell 0.6 percentage points.
  • Net margin fell 0.7 percentage points.
What would clarify the read
  • Gross margin change reported as primarily due to incremental tariffs on domestic goods, partially offset by pricing and mix.

Company research

Understand the business, not just the ticker

As of Sep 11, 2026
Business model and earnings drivers

Use the company’s filings to identify the few operating, demand, cost, capital and regulatory variables that determine its earnings power.

Key research questions
  • Which operating variable is changing?
  • Is that change durable, cyclical or one-off?
  • What evidence would disprove the current interpretation?
Annual periods9
Price observations601
Usable filing statements161
Verified relationships1
Evidence supporting the case
  • Latest annual revenue changed +9.8% year over year.
  • Operating cash flow covered net income at 1.15x in the latest annual period.
  • Foreign exchange has repeated favorable evidence across 5 filings.
  • Demand and volume has repeated favorable evidence across 4 filings.
Evidence challenging the case
  • Tariffs and trade policy has repeated adverse evidence across 4 filings.
  • Input and raw-material costs has repeated adverse evidence across 3 filings.
  • Pricing and mix has repeated adverse evidence across 3 filings.
Questions before a position
  • P/E is 33% below the available filing-peer median; determine whether growth and quality justify the difference.
  • EV/sales is 57% above the available filing-peer median; determine whether growth and quality justify the difference.
Longer-term price context

Price as of Sep 10, 2026

79.92
6m-22.2%12m-30.8%24m-90.9%
Annual trajectory

Reported annual revenue and per-share history. This is accounting history, not a forecast.

PeriodRevenueYoYDiluted EPSShare change
2022-03-31$3.2B+23.8%$16.26-2.2%
2023-03-31$3.6B+15.1%$3.23
2024-03-31$4.3B+18.2%$4.86-2.4%
2025-03-31$5.0B+16.3%$6.33-2.3%
2026-03-31$5.5B+9.8%$7.02-4.5%

What management says matters

Persistent and emerging business drivers

Foreign exchangemixed · 5 filings
The increase in total other comprehensive income , net of tax, compared to the prior period , was primarily due to higher unrealized gains on derivative contracts, partially offset by lower foreign currency translation gains relating to changes in the net ass…
10-Q · Jul 30, 2026
Demand and volumepositive · 4 filings
This collective growth was as a result of increased global demand for key franchises and further adoption o f year-round product offerings .
10-K · May 22, 2026
Product pipeline and R&Dmixed · 4 filings
Increased advertising, marketing, and promotion expenses of approximately $10,300 , primarily due to higher promotional marketing expenses for the HOKA brand and UGG brand to drive global brand awareness and market share gains, highlight new product categorie…
10-Q · Jul 30, 2026
Tariffs and trade policynegative · 4 filings
Gross margin increased to 56.4% from 55.8% compared to the prior period , primarily due to favorable channel mix as DTC revenue growth outpaced wholesale revenue growth, favorable product mix and full-price selling primarily for the UGG brand, favorable forei…
10-Q · Jul 30, 2026

Valuation discipline

Descriptive valuation snapshot

Price/sales 2.1× · EV/sales 1.8×. Comparisons use only industry-matched filing peers.

Scenario scaffold

Mechanical 2.0-year scenarios are available as editable assumptions, not consensus.

Price action

How the market is pricing the story

79.92-0.3% today

Jodie does not have enough daily observations to draw a useful short-term chart for this asset. The latest quoted price was checked 10 Sept, 15:55 GMT-4; this is a coverage limitation, not a flat-price conclusion.

Developments

No sourced recent-development timeline yet

Jodie has not returned a relevant primary source or news item for DECK. This is an evidence-coverage gap, not a conclusion that nothing material happened.

Business and financial condition

Reported financial figures are not available yet

Jodie has not returned structured SEC XBRL fundamentals for this asset. This is a coverage limitation, not an assessment of the business or its financial health.

Latest filing assessment · baseline

The latest filing presents a mixed picture

10-K filed 2026-05-22 against the comparable filing from 2025-05-23.

mixed
OperationsmixedEvidence score 0
liquidityconstructiveEvidence score +1
valuationpremium

What improved

  • Revenue increased 9.8% versus the comparable filing period.
  • Operating cash flow covered net income at 1.15x, improving versus the comparable period.

What weakened

  • Operating margin fell 0.6 percentage points.
  • Net margin fell 0.7 percentage points.

Filing receipts

Gross margin decreased to 57.7% from 57.9% , compared to the prior period , primarily due to incremental tariffs on domestic goods and a slightly unfavorable channel mix ; partially offset by cost‑sharing arrangements, strategic price increases, and favorable product mix, along with slightly favorable foreign currency exchange rate fluctuations and freight costs.

The increase in income from operations of the UGG brand was due to higher net sales, partially offset by slightly lower gross margin s driven by tariffs , as well as higher SG&A expenses as a percentage of net sales primarily driven by advertising, marketing, and promotion expenses, as well as other SG&A expenses including sales commissions.

The increase in total income from operations, compared to the prior period , was primarily due to higher net sales, partially offset by higher SG&A expenses as a percentage of net sales and slightly lower gross margin s driven by tariffs .

Retrospective baseline calibration. It was generated after the filing date and is not part of Jodie's live track record.

Business ecosystem

The relationships behind DECK

Customers, suppliers, partners and competitors named in company filings—not inferred from headlines.

Depends on

TEVATeva Pharmaceutical Industries LimitedpartnerMay 22, 2026

W e continue to take actions to reposition the Teva brand, including refocusing certain wholesale channel distribution toward outdoor and premium retail partners and emphasizing brand messaging around its outdoor-adventure heritage.

Filing peers

Companies whose filings use similar operating language.

Open the three relationships above to see Jodie’s filing proof. Pro unlocks 4 more links, every receipt, and alerts when connected names begin moving. Unlock the full network →

What is moving around it

Live connections

DECK is currently a Leader in the organic co-movement group Apparel & Footwear. This group is discovered from market behaviour rather than assigned from an industry taxonomy. 1 filing-linked name are in the relationship map; none is currently confirmed as moving with the group.

Context history

Theme membership history

No durable theme membership has been observed for this name yet.