DECKERS OUTDOOR CORP
DECK · Rubber & Plastics Footwear · 138.9M shares · +53%/yr ↑ dilution · EDGAR filings ↗
Net buyback after stock comp: $378M (gross $415M, SBC $37M)
Reference price $114.84 · est. market cap ~$15.9B — last insider sale, 2026-02-13 (estimated from the dated SEC Form 4 price × shares outstanding — not a live quote)
Grade
A90UGG/Hoka owner with elite margins, returns, and free cash flow on a debt-free balance sheet.
Strengths
- Elite profitability and returns — operating margin 23.1% (86th), ROA 27.8% (98th), ROE 41.0% (88th)
- Strong free cash flow — FCF $1.10B (86th), FCF margin 20.1%
- Debt-free, very liquid — current ratio 3.54, quick ratio 2.94
Risks
- Hoka growth-deceleration risk — qualitative (per 10-K)
- Fashion/brand-cycle dependence — qualitative (per 10-K)
- Premium valuation — qualitative (per 10-K)
Notable findings
- Fund exitedNotable fund(s) exited this quarter: VANGUARD GROUP INC
- Chronic dilutionShare count +53%/yr over 4y (dilution, book value/share -70%)
- Strong balance sheetStrong balance sheet — $1.9B cash & investments
- Insider sellingInsider selling — 3 open-market sale(s) by 3 insider(s) (cluster of 3 insiders, ~$1M, last 6mo) Form 4 ↗
- New fund positionNotable fund(s) opened this quarter: RENAISSANCE TECHNOLOGIES LLC
- Revenue declineRevenue -42.8% YoY
- Notable holderHeld by 6 notable fund(s): STATE STREET CORP, FMR LLC, GOLDMAN SACHS GROUP INC +3 more (as of 2026-03-31)
Quarterly revenue
Last 4 quarters · from SEC filings.
Key metrics
Gross margin
57.7%
Operating margin
23.1%
Net margin
18.7%
Return on equity
41.0%
Return on assets
27.8%
Revenue growth (QoQ)
-42.8%
Net-income growth
6.0%
Current ratio
3.5×
Free cash flow
$1.1B
EBITDA
$1.3B
Tangible book value
$2.5B
Cash & investments
$1.9B
Stock comp / revenue
0.8%
Insider transactions · last 18 months
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| 2026-06-01 | Luis Victor | Grant | 766 | — |
| 2026-06-01 | Figuereo Juan R | Grant | 448 | — |
| 2026-06-01 | Grismer Patrick J | Grant | 448 | — |
| 2026-06-01 | Stewart Bonita C. | Grant | 448 | — |
| 2026-06-01 | Ibrahim Maha Saleh | Grant | 683 | — |
| 2026-06-01 | Shanahan Lauri M | Grant | 448 | — |
| 2026-06-01 | Chan Nelson | Grant | 448 | — |
| 2026-06-01 | Davis Cindy L | Grant | 448 | — |
| 2026-06-01 | Burwick David A | Grant | 448 | — |
| 2026-05-20 | Spangenberg Anne | Tax withheld | 7.6K | — |
| 2026-05-20 | Stefano Caroti | Tax withheld | 11K | — |
| 2026-05-20 | Ogbechie Angela | Tax withheld | 2.6K | — |
| 2026-05-20 | Spring-Green Robin | Tax withheld | 2.0K | — |
| 2026-05-20 | Ellerker Marco | Tax withheld | 1.5K | — |
| 2026-05-20 | Fasching Steven J. | Tax withheld | 22K | — |
| 2026-05-20 | Garcia Thomas | Tax withheld | 4.6K | — |
| 2026-03-13 | Spring-Green Robin | Tax withheld | 276 | — |
| 2026-03-02 | Burwick David A | Grant | 359 | — |
| 2026-03-02 | Stewart Bonita C. | Grant | 359 | — |
| 2026-03-02 | Grismer Patrick J | Grant | 359 | — |
| 2026-03-02 | Ibrahim Maha Saleh | Grant | 570 | — |
| 2026-03-02 | Luis Victor | Grant | 644 | — |
| 2026-03-02 | Figuereo Juan R | Grant | 359 | — |
| 2026-03-02 | Shanahan Lauri M | Grant | 359 | — |
| 2026-03-02 | Chan Nelson | Grant | 359 | — |
| 2026-03-02 | Davis Cindy L | Grant | 359 | — |
| 2026-02-13 | Spangenberg Anne | Sell | 4.1K | $116.02 |
| 2026-02-13 | Shanahan Lauri M | Sell | 4.7K | $114.84 |
| 2026-02-13 | Spring-Green Robin | Sell | 347 | $113.78 |
| 2026-02-06 | Fasching Steven J. | Tax withheld | 1.1K | — |
| 2025-12-15 | Ellerker Marco | Tax withheld | 439 | — |
| 2025-11-18 | Grismer Patrick J | Grant | 691 | — |
| 2025-11-18 | Burwick David A | Grant | 518 | — |
| 2025-11-18 | Ibrahim Maha Saleh | Grant | 822 | — |
| 2025-11-18 | Luis Victor | Grant | 518 | — |
| 2025-11-18 | Figuereo Juan R | Grant | 518 | — |
| 2025-11-18 | Stewart Bonita C. | Grant | 518 | — |
| 2025-11-18 | Shanahan Lauri M | Grant | 518 | — |
| 2025-11-18 | Chan Nelson | Grant | 518 | — |
| 2025-11-18 | Davis Cindy L | Grant | 518 | — |
| 2025-10-31 | Ogbechie Angela | Sell | 504 | $81.00 |
| 2025-10-31 | Ogbechie Angela | Sell | 956 | $81.68 |
| 2025-09-15 | Spangenberg Anne | Tax withheld | 1.5K | — |
| 2025-09-08 | Ibrahim Maha Saleh | Sell | 76 | $116.91 |
| 2025-09-08 | Ibrahim Maha Saleh | Sell | 168 | $118.20 |
| 2025-09-08 | Ibrahim Maha Saleh | Sell | 56 | $118.96 |
| 2025-09-02 | Stewart Bonita C. | Grant | 377 | — |
| 2025-09-02 | Burwick David A | Grant | 377 | — |
| 2025-09-02 | Shanahan Lauri M | Grant | 377 | — |
| 2025-09-02 | Ibrahim Maha Saleh | Grant | 598 | — |
| 2025-09-02 | Powers David | Grant | 377 | — |
| 2025-09-02 | Figuereo Juan R | Grant | 377 | — |
| 2025-09-02 | Chan Nelson | Grant | 377 | — |
| 2025-09-02 | Luis Victor | Grant | 377 | — |
| 2025-09-02 | Davis Cindy L | Grant | 377 | — |
| 2025-08-15 | Garcia Thomas | Grant | 5.8K | — |
| 2025-08-15 | Spring-Green Robin | Tax withheld | 351 | — |
| 2025-08-15 | Spring-Green Robin | Grant | 5.8K | — |
| 2025-08-15 | Spring-Green Robin | Grant | 17K | — |
| 2025-08-15 | Ellerker Marco | Tax withheld | 1.0K | — |
| 2025-08-15 | Ellerker Marco | Grant | 3.9K | — |
| 2025-08-15 | Ellerker Marco | Grant | 12K | — |
| 2025-08-15 | Fasching Steven J. | Tax withheld | 4.4K | — |
| 2025-08-15 | Fasching Steven J. | Grant | 8.9K | — |
| 2025-08-15 | Fasching Steven J. | Grant | 27K | — |
| 2025-08-15 | Spangenberg Anne | Tax withheld | 1.9K | — |
| 2025-08-15 | Spangenberg Anne | Grant | 7.8K | — |
| 2025-08-15 | Spangenberg Anne | Grant | 23K | — |
| 2025-08-15 | Ogbechie Angela | Tax withheld | 1.5K | — |
| 2025-08-15 | Ogbechie Angela | Grant | 4.3K | — |
| 2025-08-15 | Ogbechie Angela | Grant | 13K | — |
| 2025-08-15 | Powers David | Tax withheld | 16K | — |
| 2025-08-15 | Stefano Caroti | Tax withheld | 7.9K | — |
| 2025-08-15 | Stefano Caroti | Grant | 27K | — |
| 2025-08-15 | Stefano Caroti | Grant | 81K | — |
| 2025-08-15 | Garcia Thomas | Tax withheld | 2.6K | — |
| 2025-08-15 | Garcia Thomas | Grant | 17K | — |
| 2025-06-06 | Ibrahim Maha Saleh | Sell | 276 | $109.02 |
| 2025-06-06 | Ibrahim Maha Saleh | Sell | 24 | $109.72 |
| 2025-06-06 | Davis Cindy L | Buy | 1.8K | $109.76 |
| 2025-06-02 | Ogbechie Angela | Sell | 940 | $104.57 |
| 2025-06-02 | Ogbechie Angela | Sell | 234 | $103.63 |
| 2025-06-02 | Ogbechie Angela | Sell | 108 | $104.38 |
| 2025-06-02 | Davis Cindy L | Grant | 374 | — |
| 2025-06-02 | Stewart Bonita C. | Grant | 374 | — |
| 2025-06-02 | Ibrahim Maha Saleh | Grant | 593 | — |
| 2025-06-02 | Chan Nelson | Grant | 374 | — |
| 2025-06-02 | Figuereo Juan R | Grant | 374 | — |
| 2025-06-02 | Shanahan Lauri M | Grant | 374 | — |
| 2025-06-02 | Luis Victor | Grant | 374 | — |
| 2025-06-02 | Powers David | Grant | 374 | — |
| 2025-06-02 | Burwick David A | Grant | 374 | — |
| 2025-06-02 | Ogbechie Angela | Sell | 5.0K | $103.76 |
| 2025-05-21 | Stefano Caroti | Tax withheld | 27K | — |
| 2025-05-21 | Garcia Thomas | Tax withheld | 8.1K | — |
| 2025-05-21 | Spangenberg Anne | Tax withheld | 11K | — |
| 2025-05-21 | Ogbechie Angela | Tax withheld | 3.4K | — |
| 2025-05-21 | Fasching Steven J. | Tax withheld | 15K | — |
| 2025-05-21 | Ellerker Marco | Tax withheld | 976 | — |
| 2025-05-21 | Powers David | Tax withheld | 75K | — |
| 2025-03-15 | Spring-Green Robin | Tax withheld | 278 | — |
| 2025-03-15 | Ellerker Marco | Tax withheld | 571 | — |
| 2025-03-10 | Davis Cindy L | Gift | 186 | — |
| 2025-03-06 | Ibrahim Maha Saleh | Sell | 45 | $135.03 |
| 2025-03-06 | Ibrahim Maha Saleh | Sell | 15 | $136.98 |
| 2025-03-06 | Ibrahim Maha Saleh | Sell | 71 | $136.14 |
| 2025-03-06 | Ibrahim Maha Saleh | Sell | 39 | $132.23 |
| 2025-03-06 | Ibrahim Maha Saleh | Sell | 130 | $133.77 |
| 2025-03-03 | Luis Victor | Grant | 294 | — |
| 2025-03-03 | Ibrahim Maha Saleh | Grant | 466 | — |
| 2025-03-03 | Davis Cindy L | Grant | 294 | — |
| 2025-03-03 | Stewart Bonita C. | Grant | 294 | — |
| 2025-03-03 | Burwick David A | Grant | 294 | — |
| 2025-03-03 | Powers David | Grant | 294 | — |
| 2025-03-03 | DEVINE MICHAEL F III | Grant | 294 | — |
| 2025-03-03 | Chan Nelson | Grant | 294 | — |
| 2025-03-03 | Figuereo Juan R | Grant | 294 | — |
| 2025-03-03 | Shanahan Lauri M | Grant | 294 | — |
| 2025-02-28 | Powers David | Sell | 15K | $139.38 |
| 2025-02-28 | Powers David | Sell | 5.4K | $137.66 |
| 2025-02-28 | Powers David | Sell | 4.8K | $138.50 |
| 2025-02-06 | Fasching Steven J. | Tax withheld | 1.1K | — |
All non-derivative Form 4 activity (SEC), newest first.
Notable events (8-K)
| Date | Items | |
|---|---|---|
| 2026-05-21 | ResultsExhibits | filing ↗ |
| 2026-01-29 | ResultsExhibits | filing ↗ |
| 2025-10-23 | ResultsExhibits | filing ↗ |
| 2025-09-11 | Shareholder vote | filing ↗ |
| 2025-07-24 | ResultsReg FDExhibits | filing ↗ |
| 2025-05-22 | ResultsExec/director changeReg FDExhibits | filing ↗ |
| 2025-01-30 | ResultsExhibits | filing ↗ |
| 2024-10-24 | ResultsExhibits | filing ↗ |
Recent filings
| Form | Filed | Period | Accession |
|---|---|---|---|
| 10-K | 2026-05-22 | 2026-03-31 | 0001628280-26-037664 ↗ |
| 8-K | 2026-05-21 | 2026-05-21 | 0000910521-26-000007 ↗ |
| 10-Q | 2026-02-03 | 2025-12-31 | 0000910521-26-000005 ↗ |
| 8-K | 2026-01-29 | 2026-01-29 | 0000910521-26-000002 ↗ |
| 10-Q | 2025-10-31 | 2025-09-30 | 0000910521-25-000044 ↗ |
| 8-K | 2025-10-23 | 2025-10-23 | 0000910521-25-000041 ↗ |
| 8-K | 2025-09-11 | 2025-09-08 | 0000910521-25-000039 ↗ |
| 10-Q | 2025-07-31 | 2025-06-30 | 0000910521-25-000037 ↗ |
| 8-K | 2025-07-24 | 2025-07-24 | 0000910521-25-000028 ↗ |
| 10-K | 2025-05-23 | 2025-03-31 | 0000910521-25-000017 ↗ |
| 8-K | 2025-05-22 | 2025-05-22 | 0000910521-25-000013 ↗ |
| 10-Q | 2025-02-03 | 2024-12-31 | 0000910521-25-000005 ↗ |