DECKERS OUTDOOR CORP financial statements

Income statement, balance sheet and cash flow statement for the last 10 fiscal years, taken from the XBRL data DECKERS OUTDOOR CORP files with the SEC in its annual reports.

In USD millions, except per-share amounts. Outflows in the cash flow statement are negative.

Income statement

	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025	FY2026
Revenue	1,790	1,903	2,020	2,133	2,546	3,150	3,627	4,288	4,986	5,472
Cost of revenue	955	972	980	1,029	1,172	1,543	1,802	1,902	2,100	2,315
Gross profit	835	932	1,040	1,104	1,374	1,608	1,825	2,385	2,886	3,158
Research and development	21.3	22.4	23.2	27.6	28.6	33.3	38.7	49.2	56.7	68.9
Selling, general and administrative	837	709	713	766	870	1,043	1,173	1,458	1,707	1,895
Selling and marketing	110	112	118	145	188	256	271	349	432	496
Operating income	-1.92	223	327	338	504	565	653	928	1,179	1,263
Interest expense							3.44	2.56	3.52	2.53
Interest income	0.78	3.06	6.03	7.26	2.64	1.9	15.6	52.2	68.4	63.6
Other non-operating income	-5.07	-1.89	1.61	2.73	-2.69	-0.07	13.3	51.4	64.2	63.5
Pre-tax income	-6.99	221	182	206	368	396	467	689	1,033	1,084
Income tax	-12.7	106	64.6	64.7	119	113	149	219	277	302
Net income	5.71	114	264	276	383	452	517	760	966	1,024
EBITDA	50.7	271	372	377	545	608	701	985	1,248	1,339
EPS, basic	0.03	0.60	1.49	1.62	2.27	2.74	3.25	4.89	6.36	7.04
EPS, diluted	0.03	0.60	1.47	1.60	2.25	2.71	3.23	4.86	6.33	7.02
Shares, basic (weighted)	192	190	178	170	168	165	159	155	152	145
Shares, diluted (weighted)	194	192	179	172	170	167	160	156	153	146

Balance sheet

	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025	FY2026
Cash and equivalents	292	430	590	649	1,089	844	982	1,502	1,889	1,907
Receivables	159	144	179	186	216	303	302	297	333	319
Inventory	299	300	279	312	278	507	533	474	495	487
Other current assets	30.8	17.6	26	21.5	44.2	55.3	55.5	92.7	67.3	82.1
Total current assets	821	911	1,095	1,194	1,651	1,752	1,910	2,443	2,860	2,850
Property, plant and equipment	226	220	214	209	206	222	267	302	326	338
Lease right-of-use assets				244	187	182	213	226	237	335
Goodwill	14	14	14	14	14	14	14	14	14	14
Intangible assets	65.1	57.9	51.5	48	41.9	39.7	37.5	27.1	15.7	15.6
Other non-current assets	21.6	23.3	21.7	28.2	30.6	57.3	41.9	50.6	39.5	66.3
Total assets	1,192	1,264	1,427	1,765	2,168	2,332	2,556	3,136	3,570	3,688
Accounts payable	95.9	93.9	125	148	232	327	266	379	418	385
Accrued liabilities	22.6	55.7	54.5	42.3	79.2	67.6	63.8	124	125	120
Short-term debt	0.55	0.58	0.6	0.64	0
Total current liabilities	159	189	251	301	468	542	497	720	770	804
Lease liabilities				216	176	172	196	213	223	291
Other non-current liabilities	14.7	15.7	18.9	14.5	18.7	25.5	35.3	42.4	51.2	66.5
Total liabilities	238	324	382	625	723	793	790	1,028	1,057	1,188
Paid-in capital	161	168	178	191	203	211	233	243	253	288
Retained earnings	820	786	889	974	1,257	1,353	1,572	1,914	2,308	2,246
Other comprehensive income	-26.5	-13	-22.7	-25.6	-16.7	-25	-39	-50.7	-49.7	-35.9
Shareholders' equity	954	941	1,045	1,140	1,444	1,539	1,766	2,107	2,513	2,500
Total equity	954	941	1,045	1,140	1,444	1,539	1,766	2,107	2,513	2,500
Total liabilities and equity	1,192	1,264	1,427	1,765	2,168	2,332	2,556	3,136	3,570	3,688
Shares outstanding	192	183	175	168	167	162	26.2	154	150	140

Cash flow statement

	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025	FY2026
Net income	5.71	114	264	276	383	452	517	760	966	1,024
Depreciation and amortization	52.6	48.6	44.9	38.9	40.5	42.9	47.9	57.6	69.4	75.8
Stock-based compensation	6.01	14.3	14.8	14.5	22.7	26.8	26.9	37.3	37.9	44.8
Deferred income tax	-24.5	8.14	6.94	2.93	-8.17	-27.8	-9.72	-1.51	-5.55	8.78
Change in receivables	-1.34	10.8	-16.2	-10.5	-33.2	-86.6	-0.81	4.16	-41.3	7.55
Change in inventory	1.06	-0.75	8.83	-32.8	33.4	-229	-26.1	58.5	-24.3	8.21
Cash from operations	199	327	360	286	596	172	537	1,033	1,045	1,182
Capital expenditures	-44.5	-34.8	-29.1	-32.5	-32.2	-51	-81	-89.4	-86.2	-84.6
Cash from investing	-44.5	-34.7	-29	-32	-32.2	-51	-81	-89.3	-75	-84.6
Debt repaid	-0.52	-0.55	-0.58	-0.6	-30.9	0	0
Stock issued		0	1.03	1.29	1.5	1.99	2.17	2.44	3.8	4.51
Share buybacks	-12.6	-150	-161	-190	-99.1	-357	-297	-415	-567	-1,075
Cash from financing	-104	-158	-167	-192	-130	-367	-309	-418	-581	-1,084
Exchange rate effect	-5.27	3.26	-3.57	-2.51	5.46	0.3	-9.11	-5.92	-1.05	4.76
Net change in cash	45.8	138	160	59.7	440	-246	138	520	387	18.1
Free cash flow	155	293	330	254	564	121	456	944	958	1,097
Interest paid	5.49	3.77	3.81	2.47	2.93	1.84	1.88	1.78	1.79	2.49
Income taxes paid	14.1	14.4	53.7	74.6	104	192	136	234	345	234

Key metrics

Worked out from the statements above. Latest values use the trailing twelve months to June 30, 2026; growth uses fiscal years. Valuation uses the share price of $78.67 on September 25, 2026.

Profitability

Metric	Value	How it is calculated
Gross margin	57.8%	Gross profit / revenue.
Operating margin	22.7%	Operating income / revenue.
EBITDA margin	24.0%	EBITDA (operating income + depreciation and amortization) / revenue.
Net margin	18.4%	Net income / revenue.
FCF margin	20.2%	Free cash flow (cash from operations - capital expenditures) / revenue.
Operating cash flow margin	21.6%	Cash from operations / revenue.
Return on equity (ROE)	44.1%	Net income / average shareholders' equity (opening and closing). Not shown when equity is negative.
Return on assets (ROA)	26.2%	Net income / average total assets.
Return on invested capital (ROIC)	141.6%	Approximation: operating income x (1 - tax rate) / average (total debt + equity - cash). Tax rate is the effective rate when between 0% and 50%, else 21%.
SG&A / revenue	35.1%	Selling, general and administrative expense / revenue.
Stock-based pay / revenue	0.8%	Stock-based compensation (from the cash flow statement) / revenue.
Capex / revenue	1.4%	Capital expenditures / revenue.
D&A / revenue	1.3%	Depreciation and amortization / revenue.

Growth

Metric	Value	How it is calculated
Revenue growth, 1y	9.8%	Revenue vs the same period a year earlier. Only from a positive base.
Revenue CAGR, 3y	14.7%	Compound annual growth of revenue over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Revenue CAGR, 5y	16.5%	Compound annual growth of revenue over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Gross profit growth, 1y	9.4%	Gross profit vs the same period a year earlier. Only from a positive base.
Gross profit CAGR, 3y	20.0%	Compound annual growth of gross profit over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Gross profit CAGR, 5y	18.1%	Compound annual growth of gross profit over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Operating income growth, 1y	7.1%	Operating income vs the same period a year earlier. Only from a positive base.
Operating income CAGR, 3y	24.6%	Compound annual growth of operating income over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Operating income CAGR, 5y	20.2%	Compound annual growth of operating income over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
EBITDA growth, 1y	7.2%	EBITDA vs the same period a year earlier. Only from a positive base.
EBITDA CAGR, 3y	24.1%	Compound annual growth of ebitda over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
EBITDA CAGR, 5y	19.7%	Compound annual growth of ebitda over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Net income growth, 1y	6.0%	Net income vs the same period a year earlier. Only from a positive base.
Net income CAGR, 3y	25.6%	Compound annual growth of net income over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Net income CAGR, 5y	21.8%	Compound annual growth of net income over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
EPS growth, 1y	10.9%	EPS vs the same period a year earlier. Only from a positive base.
EPS CAGR, 3y	29.5%	Compound annual growth of eps over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
EPS CAGR, 5y	25.6%	Compound annual growth of eps over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Operating cash flow growth, 1y	13.2%	Operating cash flow vs the same period a year earlier. Only from a positive base.
Operating cash flow CAGR, 3y	30.0%	Compound annual growth of operating cash flow over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Operating cash flow CAGR, 5y	14.7%	Compound annual growth of operating cash flow over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Free cash flow growth, 1y	14.5%	Free cash flow vs the same period a year earlier. Only from a positive base.
Free cash flow CAGR, 3y	34.0%	Compound annual growth of free cash flow over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Free cash flow CAGR, 5y	14.2%	Compound annual growth of free cash flow over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Book value growth, 1y	-0.5%	Book value vs the same period a year earlier. Only from a positive base.
Book value CAGR, 3y	12.3%	Compound annual growth of book value over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Book value CAGR, 5y	11.6%	Compound annual growth of book value over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Total assets growth, 1y	3.3%	Total assets vs the same period a year earlier. Only from a positive base.
Total assets CAGR, 3y	13.0%	Compound annual growth of total assets over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Total assets CAGR, 5y	11.2%	Compound annual growth of total assets over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Share count change, 1y	-4.5%	Change in diluted weighted shares vs a year earlier. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 3y	-3.1%	Change in diluted weighted shares, per year over 3 years. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 5y	-3.1%	Change in diluted weighted shares, per year over 5 years. Negative means buybacks shrank the share count; positive means dilution.

Balance sheet health

Metric	Value	How it is calculated
Current ratio	2.75x	Current assets / current liabilities.
Quick ratio	1.86x	(Cash + short-term investments + receivables) / current liabilities.
Cash ratio	1.51x	(Cash + short-term investments) / current liabilities.
Liabilities / assets	40.5%	Total liabilities / total assets.
Interest coverage	328x	Operating income / interest expense.
Working capital	$1.86B	Current assets - current liabilities.
Goodwill and intangibles / assets	0.8%	(Goodwill + intangible assets) / total assets.
Tangible book value	$2.27B	Shareholders' equity - goodwill - intangible assets.

Efficiency

Metric	Value	How it is calculated
Asset turnover	1.43x	Revenue / average total assets.
Fixed asset turnover	16.4x	Revenue / average property, plant and equipment.
Inventory turnover	2.89x	Cost of revenue / average inventory.
Days inventory	126 days	365 x average inventory / cost of revenue.
Receivables turnover	14.6x	Revenue / average receivables.
Days sales outstanding	25 days	365 x average receivables / revenue.
Days payables	114 days	365 x average accounts payable / cost of revenue.
Cash conversion cycle	38 days	Days inventory + days sales outstanding - days payables.
FCF conversion	110.1%	Free cash flow / net income, when net income is positive.
Capex / operating cash flow	6.4%	Capital expenditures / cash from operations, when that is positive.

Per share

Metric	Value	How it is calculated
EPS, diluted	$7.32	Net income per diluted share, as reported (split-adjusted). Over the last twelve months: the four quarters summed, or net income / latest diluted shares when a quarter has no reported EPS.
Revenue per share	$39.89	Revenue / diluted weighted shares.
FCF per share	$8.07	Free cash flow / diluted weighted shares.
Operating cash flow per share	$8.62	Cash from operations / diluted weighted shares.
Book value per share	$16.83	Shareholders' equity / shares outstanding (diluted weighted shares when not reported).
Tangible book per share	$16.62	Tangible book value / shares outstanding.
Cash per share	$11.72	(Cash + short-term investments) / shares outstanding.
Buybacks / FCF	110.1%	Share buybacks / free cash flow, when free cash flow is positive.

Valuation

Metric	Value	How it is calculated
Market cap	$10.73B	Share price x shares outstanding.
Enterprise value	$9.13B	Market cap + total debt - cash - short-term investments.
P/E	10.6x	Market cap / net income. Only when net income is positive.
P/S	1.94x	Market cap / revenue.
P/B	4.66x	Market cap / shareholders' equity. Only when equity is positive.
Price / tangible book	4.72x	Market cap / tangible book value, when positive.
P/FCF	9.60x	Market cap / free cash flow. Only when free cash flow is positive.
P/OCF	8.99x	Market cap / cash from operations, when positive.
EV/Sales	1.65x	Enterprise value / revenue.
EV/EBIT	7.29x	Enterprise value / operating income, when both are positive.
EV/EBITDA	6.88x	Enterprise value / EBITDA, when both are positive.
EV/FCF	8.17x	Enterprise value / free cash flow, when both are positive.
FCF yield	10.4%	Free cash flow / market cap.
Earnings yield	9.5%	Net income / market cap (the inverse of P/E).
Shareholder yield	11.5%	(Dividends paid + share buybacks) / market cap.
PEG	0.36x	P/E / EPS growth per year over 3 years (in percent). Only when both are positive.

What was DECKERS OUTDOOR CORP's revenue in fiscal 2026?

DECKERS OUTDOOR CORP reported revenue of $5.47B for fiscal 2026, 9.8% higher than the year before.

Was DECKERS OUTDOOR CORP profitable in fiscal 2026?

Yes. Net income was $1.02B, a net margin of 18.7%.

How much free cash flow did DECKERS OUTDOOR CORP generate in fiscal 2026?

Cash from operations of $1.18B minus capital expenditures of $84.6M left free cash flow of $1.10B.

Source: SEC EDGAR XBRL company facts. Where a company tags only year-to-date figures, quarters are worked out as differences. Where a line is not tagged it is left empty, never estimated.

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