DECK
Deckers Outdoor Corporation
DECK's fundamentals are strong and it looks cheap: trading at 11x earnings, about half its usual 22x. Analysts expect strong earnings growth, though they disagree widely on how much.
DECK Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Strong | |
| Healthy | |
| Strong |
DECK's profitability, cash flow and balance sheet are currently healthy, and its revenue is stable.
DECK PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Current | 11x | $84.53 | — |
| Forward | 11x | $84.53 | — |
| Cheap | 16x | $117 | +38% |
| Fair | 22x | $167 | +97% |
| Expensive | 29x | $217 | +156% |
Historical ranges are pointers, not guarantees.
DECK's PE is in its cheap range at 11.2x. If earnings grow as analysts expect, today's price would be 10.8x next year's earnings.
DECK Forward outlook
| Metric | Outlook |
|---|---|
| Stable | |
| Strong growth | |
| Growth | |
| Strongly improving | |
| Moderate | |
| Low |
Analysts expect earnings and revenue growth for DECK, with profitability improving. However, they disagree widely on these estimates.
DECK Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $7.84 | +4.2% |
| Q3 2026 | $7.52 | +12% |
| Q2 2026 | $7.03 | +8% |
| Q1 2026 | $7.02 | +11% |
| Q4 2025 | $7.07 | +15% |
| Q3 2025 | $6.74 | +18% |
| Q2 2025 | $6.51 | +24% |
| Q1 2025 | $6.33 | +30% |
| Q4 2024 | $6.17 | +33% |
DECK's earnings per share have climbed steadily: $7.52 over the past year, up 12% from the year before, and higher year over year every quarter since late 2020.
DECK Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $1.5B | +3.5% |
| Q2 2026 | $1B | +5.7% |
| Q1 2026 | $1.1B | +9.6% |
| Q4 2025 | $2B | +7.1% |
| Q3 2025 | $1.4B | +9.1% |
| Q2 2025 | $964.5M | +17% |
| Q1 2025 | $1B | +6.5% |
| Q4 2024 | $1.8B | +17% |
DECK's revenue has grown year over year every quarter since late 2020: $1.5B last quarter, up 3.5% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 26% | +3.5 points |
| Q2 2026 | 15% | -1.9 points |
| Q1 2026 | 14% | -3 points |
| Q4 2025 | 31% | +0.3 points |
| Q3 2025 | 23% | -0.4 points |
| Q2 2025 | 17% | +1.1 points |
| Q1 2025 | 17% | +2 points |
| Q4 2024 | 31% | -0.2 points |
DECK's operating margin was 26% last quarter, up 3.5 points from the same quarter a year ago.
DECK Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | -$79.1M | -$65.2M |
| Q2 2026 | $32.7M | +168% |
| Q1 2026 | $78.8M | +$168.2M |
| Q4 2025 | $1B | -4.7% |
| Q3 2025 | -$13.9M | +$99.5M |
| Q2 2025 | $12.2M | -86% |
| Q1 2025 | -$89.4M | -$45.5M |
| Q4 2024 | $1.1B | +16% |
DECK usually generates cash, though not every quarter: the latest was −$79M, but it generated $1.1B over the past year.
DECK Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -2.4% | -3.3M shares |
| 1 year | -8.4% | -12.4M shares |
| 3 years | -14% | -21.8M shares |
| 5 years | -19% | -32.1M shares |
| Available history | -20% | -34.2M shares |
DECK has 135M diluted shares, down 8.4% from a year ago, with $1.2B in buybacks over the past year.
| Quarter | Spent |
|---|---|
| Q3 2026 | $299.3M |
| Q2 2026 | $338.2M |
| Q1 2026 | $261.6M |
| Q4 2025 | $348.5M |
| Q3 2025 | $282M |
| Q2 2025 | $183M |
| Q1 2025 | $266M |
| Q4 2024 | $44.7M |
DECK spent $1.2B buying back its own shares over the past year, up 61% from the year before.
DECK Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | -0.9x | Net Cash |
| Q2 2026 | -1.2x | Net Cash |
| Q1 2026 | -1.4x | Net Cash |
| Q4 2025 | -1.5x | Net Cash |
| Q3 2025 | -1.1x | Net Cash |
| Q2 2025 | -1.3x | Net Cash |
| Q1 2025 | -1.5x | Net Cash |
| Q4 2024 | -1.8x | Net Cash |
DECK has more cash than debt.
DECK Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 42.6 | Neutral |
| Stochastic | 30.4 | Neutral |
DECK's weekly RSI is 43 (neutral) and its Stochastic is 30 (neutral).
DECK PE vs Consumer Cyclical Sector
| Metric | DECK | Sector median | Relative |
|---|---|---|---|
| PE | 11x | 18x | 38% below |
| PE % | 1 | 47 | 46 pts below |
DECK is trading at 11x earnings, a 38% discount to the Consumer Cyclical sector's median of 18x.
DECK Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $82.6 | 2.3% above |
| 20 week MA | $89.3 | 5.4% below |
| 50 week MA | $99.3 | 15% below |
| 100 week MA | $111.3 | 24% below |
| 200 week MA | $116.1 | 27% below |
DECK has bounced recently, but its long-term trend is still down: it's above its 8-week average, but 27% below its 200-week average.
DECK Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $27.9 | $48.8 | +75% |
| 2021 | $48.8 | $59.4 | +22% |
| 2022 | $59.4 | $65.2 | +9.6% |
| 2023 | $65.2 | $111.4 | +71% |
| 2024 | $111.4 | $207.1 | +86% |
| 2025 | $207.1 | $103.1 | -50% |
| 2026 YTD | $103.1 | $84.5 | -18% |
DECK has finished higher in five of the last six years, three of them by more than 50%. It's down 18% so far in 2026.