DECK DECKERS OUTDOOR CORP

Overview and Growth

Fiscal 2026 results for DECKERS OUTDOOR CORP combined $5.47B of revenue with net income of $1.02B and an operating cash inflow of $1.18B. At $5.47B, the top line establishes the operating scale supporting the company’s profit and cash-flow profile. The top line expanded 9.8% from $4.99B in fiscal 2025, increasing the company’s operating scale. On a per-share basis, diluted EPS was $7.02, which connects the reported earnings outcome with the company’s diluted share count. The per-share result recorded a 10.9% increase from fiscal 2025 diluted EPS of $6.33. The company employed $3.69B of total assets, the balance-sheet base supporting its current operating and cash-flow results. Revenue equaled 1.48x of total assets, indicating how much reported top-line activity the company produced relative to its period-end asset base.

Profitability

The first profit layer was $3.16B of gross profit, the amount available after reported direct revenue costs to absorb operating expenses. Gross margin was 57.7%, so that share of each revenue unit remained after the cost of revenue reported for the period. Operations produced $1.26B of income after the reported operating expense base, before the remaining non-operating and tax effects. The operating result equaled 23.1% of revenue, placing the absolute operating-income figure in the context of the company’s sales base. Net income came to $1.02B, completing the progression from revenue through gross and operating profitability to the final reported result. The final earnings result represented 18.7% of revenue, connecting the absolute net income figure with the company’s top-line scale. Income tax expense totaled $302.29M, providing the reported tax component that separates pretax and after-tax earnings. Net income equaled 41.0% of period-end equity, showing the earnings generated on shareholders’ book capital. The net-income-to-assets relationship measured 27.8%, showing earnings relative to the full balance sheet.

Liquidity and Capital Structure

The company held $3.69B of assets against $1.19B of liabilities and $2.50B of equity, revealing how the asset base was financed. At period end, current assets of $2.85B compared with current liabilities of $804.07M, defining the company’s short-term resource position. The current ratio was 3.54x, with current assets exceeding current liabilities and providing a short-term liquidity cushion. The company held $1.91B in cash and equivalents, a narrower liquidity measure than total current assets. Cash and equivalents represented 237.2% of current liabilities, showing the portion of near-term obligations matched by reported cash alone. The liabilities-to-assets relationship was 32.2%, placing reported obligations against the full positive asset balance. Measured against total assets, cash and equivalents represented 51.7%, a balance-sheet composition measure rather than a liquidity forecast. Total assets were 3.3% higher than fiscal 2025 assets of $3.57B, measuring the company’s own balance-sheet change. Book equity was 0.5% lower than fiscal 2025 equity of $2.51B, showing how shareholder capital changed year over year. Cash and equivalents were 1.0% higher than fiscal 2025 cash of $1.89B, showing the year-over-year change in liquid resources.

Cash Flow and Earnings Quality

The company reported $1.18B of operating cash flow, a cash inflow that shows the cash generated by operations. Against net income, operating cash flow measured 1.15x, showing the relationship between accrual earnings and operating cash. The cash-flow statement records $84.62M of capital expenditures, the investment amount considered after operating cash generation. Capital expenditures represented 7.2% of operating cash flow, leaving the remainder available as free cash flow. Free cash flow came to $1.10B, leaving a positive amount after capital expenditures. The free-cash-flow margin was 20.1%, measuring cash remaining after capital spending against revenue. Measured against total assets, free cash flow represented 29.8%, showing the cash productivity of the company’s assets.

Based on the annual report for the fiscal year ending Mar 31, 2026. Analysis generated Sep 24, 2026.