Footwear, rubber and plastics · 20/36 against 16/36 checks · to 2026-09-08
DECK vs NKE.
Deckers OutdoorSells HOKA running shoes and UGG boots.
NikeDesigns and markets sportswear and trainers, made by contract factories, sold worldwide.→Deckers Outdoor (DECK) and Nike (NKE) are within reach of each other at $11.3B and $32.6B, and on the filings Deckers Outdoor passes more, 20 checks of 36 against 16.
Which passes more checks?
widest gap first→The two are furthest apart on Growth, where Deckers Outdoor passes 3 more of the six.
| DECK | NKE | |
|---|---|---|
| Growth | 4/6 | 1/6 |
| Quality | 6/6 | 4/6 |
| Value | 3/6 | 2/6 |
| Health | 4/6 | 5/6 |
| Shareholder returns | 3/6 | 4/6 |
| Trend analysis | 0/6 | 0/6 |
| All checks | 20/36 | 16/36 |
→Nike turns over $46.4B to Deckers Outdoor's $5.5B, 8.4 times as much. Deckers Outdoor keeps 18.4% of revenue as profit against 6.7% at Nike.
Which is growing faster, DECK or NKE?
→Deckers Outdoor grew revenue faster last year, +7.9% against +0.2% at Nike - 8 points apart. Over three years the order is the same, Deckers Outdoor at +14.7% and Nike at -3.2%.
| DECK | NKE | |
|---|---|---|
| Revenue (TTM) | $5.5B | $46.4B |
| Revenue growth, 1 year | +7.9% | +0.2% |
| Revenue CAGR, 3 years | +14.7% | -3.2% |
| Net income (TTM) | $1.0B | $3.1B |
| Free cash flow (TTM) | $1.1B | $2.2B |
Which keeps more of each sale?
→Deckers Outdoor keeps more of each sale: gross margin of 57.8% against 42.9%, a gap of 15 points that flows into everything below it.
| DECK | NKE | |
|---|---|---|
| Gross margin | 57.8% | 42.9% |
| Operating margin | 22.7% | - |
| Return on equity | 44.1% | 20.9% |
Which is cheaper?
→Deckers Outdoor is the cheaper of the two on earnings, 11.9x against 18.2x. Against their own histories, Deckers Outdoor is below its 17.8x median and Nike is below its 31.8x.
| DECK | NKE | |
|---|---|---|
| Share price | $82.60 | $38.10 |
| Market cap | $11.3B | $32.6B |
| P/E | 11.9x | 18.2x |
| P/E, own median own 11-year median / own 11-year median | 17.8x | 31.8x |
| P/S | 2.0x | 0.7x |
| Free cash flow yield | 9.9% | 6.7% |
Which balance sheet is stronger?
| DECK | NKE | |
|---|---|---|
| Debt / equity | - | 0.53x |
| Interest coverage | 327.8x | - |
| Cash and short-term investments | $1.6B | $10.1B |
Which hands more back to owners?
→Nike pays 7.4% at today's price and Deckers Outdoor effectively pays nothing, which is the clearest difference in what each hands back.
| DECK | NKE | |
|---|---|---|
| Dividend yield | - | 7.4% |
| Payout ratio | - | 77.4% |
| Years of unbroken dividend | - | - |
Where they differ most
the checks behind the gapGrowth: Deckers Outdoor 3 ahead
- Sustained growth beats its sector (3 years) 14.7% vs 13.0% (market 70th pct)
- Profits grew last year 2.5% vs 0.0%
- Profit growth beats its peers 29.6% vs 13.0% (market 70th pct)
- Outgrew its sector last year 0.2% vs 11.3% (market 70th pct)
- Sustained growth beats its sector (3 years) -3.2% vs 13.0% (market 70th pct)
- Profits grew last year -3.4% vs 0.0%
Quality: Deckers Outdoor 2 ahead
- Better gross margins than peers 57.8% vs 52.5% (market 70th pct)
- Runs leaner than peers (operating margin) 22.7% vs 13.0% (market 70th pct)
- Actually profitable TTM net income $1.0B
- Better gross margins than peers 42.9% vs 52.5% (market 70th pct)
- Turns more of its sales into operating cash than peers 6.2% vs 20.5% (market 70th pct)