Consumer Discretionary · Footwear · US stock · price as of 22 Oct 2026
Key indicators
Price
$85.28
52-week range
$77.20 – $122.29
Market cap
$11.8B
P/E (trailing)
12.1×
EV / EBITDA
7.7×
Free-cash-flow yield
9.5%
Dividend yield
–
Revenue (last 12 months)
$5.5B
Revenue growth (3y a year)
14.7%
Operating margin
22.7%
Return on invested capital
141.6%
Net debt / EBITDA
–
Fair value
Fair value (average of valid models)$122.57 middle half of models $103 – $137
Versus priceUndervalued+44% to fair value
P/E multiple
$96.86
P/B multiple
$97.85
P/S multiple
$103.01
EV/EBITDA multiple
$104.07
EV/EBIT multiple
$124.78
EV/revenue multiple
$99.09
10-year DCF, EBITDA exit
$136.89
5-year DCF, EBITDA exit
$125.11
10-year DCF, revenue exit
$134.40
5-year DCF, revenue exit
$121.71
10-year DCF, growth exit
$150.33
5-year DCF, growth exit
$141.34
Earnings power value
$157.94
Model uncertainty
Medium
X-Ray Score
85/ 100 · High confidence · ahead of 98% of sector peers
Valuation94
Growth83
Profitability75
Financial health88
Dividends–
Five-year price chart navy: price · brown: 200-day average · blue band: fair value range
Executive summary
Deckers Outdoor designs and markets footwear and related apparel and accessories under a small group of brands, including UGG and HOKA. It sells through wholesale partners such as department and specialty stores, and through its own websites and retail stores. Revenue comes from product sales, and the business depends on seasonal demand, brand appeal and the strength of its relationships with retail customers around the world.
Over the last twelve months Deckers Outdoor Corp reported revenue of $5.5 billion. Over three years revenue has grown by 14.7% a year. The operating margin is 22.7%. Return on invested capital is 142%. It does not pay a dividend. Return on invested capital describes how much profit the business earns relative to the money put into it.
StocksXray gives Deckers Outdoor Corp an X-Ray Score of 85 out of 100 (high confidence), ahead of 98% of the S&P 500 stocks in its sector. Its strongest lens is valuation (94) and its weakest is profitability (75).
Our fair value (the average of the valid models) is $122.57 (range $103.01 to $136.89). At $85.28 the stock trades 30% below that value, so the label is "Undervalued" with medium model uncertainty. Fair value is a range, not a price target.
XStocksXray
Deckers Outdoor Corp (DECK)
Valuation history multiples at each fiscal year-end price; the last column uses today's price and the last twelve months
FY2022
FY2023
FY2024
FY2025
FY2026
Now
Price
$45.63
$74.93
$156.88
$111.81
$100.09
$85.28
Market cap
$1.3B
$12.0B
$24.5B
$17.1B
$14.6B
$11.8B
P/E
2.8×
23.2×
32.3×
17.7×
14.3×
12.1×
EV / revenue
0.1×
3.0×
5.4×
3.0×
2.3×
1.8×
EV / EBITDA
0.7×
15.7×
23.4×
12.2×
9.5×
7.7×
Price / free cash flow
10.5×
26.3×
26.0×
17.8×
13.3×
10.6×
Free-cash-flow yield
9.6%
3.8%
3.8%
5.6%
7.5%
9.5%
Price / book
0.8×
6.8×
11.6×
6.8×
5.8×
5.1×
Dividend yield
–
–
–
–
–
–
Fundamentals checklist ● 14 Good · ● 1 Average · ● 0 Bad · each check graded against the sector
Cash quality
Earnings backed by cash−4.6%Average
Free-cash-flow yield9.5%Good
Risk models
Altman Z score8.6×Good
Piotroski F-Score7 of 9Good
Growth
EPS growth (3y)29.5%Good
Free-cash-flow growth (3y)34.0%Good
Revenue growth (3y)14.7%Good
Growth consistency100%Good
Balance sheet
Current ratio2.7×Good
Interest coverno interest costGood
Valuation
Fair value vs price1.4×Good
EBIT / EV yield12.3%Good
Profitability
Return on invested capital141.6%Good
Operating margin22.7%Good
Gross profitability82.6%Good
XStocksXray
Deckers Outdoor Corp (DECK)
Financials US$ millions, from SEC filings; last column is the last twelve months
Income statement
FY22
FY23
FY24
FY25
FY26
LTM
Revenue
3,150
3,627
4,288
4,986
5,472
5,527
Gross profit
1,608
1,825
2,385
2,886
3,158
3,195
Operating income
565
653
928
1,179
1,263
1,253
Net income
452
517
760
966
1,024
1,015
Diluted EPS ($)
16.26
3.23
4.86
6.33
7.02
7.04
Free cash flow
121
456
944
958
1,097
1,118
Gross margin
51.0%
50.3%
55.6%
57.9%
57.7%
57.8%
Operating margin
17.9%
18.0%
21.6%
23.6%
23.1%
22.7%
Net margin
14.3%
14.2%
17.7%
19.4%
18.7%
18.4%
Balance sheet
FY22
FY23
FY24
FY25
FY26
LTM
Total assets
2,332
2,556
3,136
3,570
3,688
3,869
Cash
844
982
1,502
1,889
1,907
1,603
Total debt
–
–
–
–
–
–
Equity
1,539
1,766
2,107
2,513
2,500
2,302
Dividend per share ($)
–
–
–
–
–
–
Revenue and net income US$ billions: navy revenue, teal net income
Margins blue gross, teal operating, brown net
Latest quarters
Mar 2025
Jun 2025
Sep 2025
Dec 2025
Mar 2026
Jun 2026
Revenue ($M)
1,022
965
1,431
1,958
1,119
1,020
Growth vs a year earlier
+6.5%
+16.9%
+9.1%
+7.1%
+9.6%
+5.7%
Net income ($M)
151
139
268
481
136
130
Diluted EPS ($)
–
0.93
1.82
3.33
–
0.94
XStocksXray
Deckers Outdoor Corp (DECK)
Peers in Footwear
Company
X-Ray
DECK · Deckers Outdoor Corp
85
Market Compass outlook for Consumer Discretionary: Neutral (51/100). It blends regime history, macro sensitivity, momentum and valuation.
Every number comes from SEC filings, end-of-day prices and the StocksXray models described on the methodology page. The X-Ray Score ranks each metric against the company's own sector. Fair value is the average of up to 15 valuation models, most of them anchored to the company's own multiples, so it stays near the price and should be read as a range, not a point. Analyst ratings, price targets and earnings-call summaries are not part of this report. Educational research, not financial advice; read the disclaimer.
