Deckers Outdoor (DECK) Operating Margin (2009 - 2025)
Deckers Outdoor (DECK) reported Operating Margin of 31.38% for Q4 2025, up 34.0% on a YoY basis from 23.42% in Q4 2024, and up 37.53% quarter-over-quarter from 22.82% in Q3 2025.
Deckers Outdoor (DECK) Operating Margin (2009 - 2025) Analysis & Trends
Deckers Outdoor has reported Operating Margin for 17 years, with the latest figure at 31.38% in Q4 2025.
- For the quarter ending Q4 2025, Operating Margin rose 34.0% year-over-year to 31.38%; the trailing twelve-month figure through Dec 2025 stood at 23.82% (up 47.0% YoY), and the FY2025 full-year result was 23.65%, up 202.0% from the prior year.
- Operating Margin for Q4 2025 stood at 31.38%, up from 22.82% in the prior quarter.
- The five-year high for Operating Margin was 31.38% in Q4 2025, with the low at 9.17% in Q2 2022.
- Historically, Operating Margin has averaged 18.78% across 5 years, with a median of 17.08% in 2025.
- The largest YoY upside for Operating Margin was 1497 bps in 2021 against a maximum downside of 579 bps in 2021.
- Deckers Outdoor's Operating Margin stood at 24.7% in 2021, then climbed by 9 bps to 26.95% in 2022, then rose by 16 bps to 31.27% in 2023, then slipped by 1 bps to 31.05% in 2024, then climbed by 1 bps to 31.38% in 2025.
- The last three Operating Margin figures came in at 31.38% (Q4 2025), 22.82% (Q3 2025), and 17.14% (Q2 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Birkenstock Holding | 105.38 Bn | 105.15 Bn | 390.51 Mn | 25.14% |
| 2 | Nike | 65.97 Bn | 57.92 Bn | 4.53 Bn | 14.57% |
| 3 | Deckers Outdoor | 16.23 Bn | 14.14 Bn | 1.17 Bn | 31.38% |
| 4 | Crocs | 6.43 Bn | 6.30 Bn | 522.95 Mn | 21.80% |
| 5 | Steven Madden | 3.20 Bn | 3.16 Bn | 357.42 Mn | 15.20% |
| 6 | Wolverine World Wide | 1.96 Bn | 1.77 Bn | 243.40 Mn | 9.45% |
| 7 | On Holding AG | 1.67 Bn | 273.66 Mn | 682.30 Mn | 14.11% |
| 8 | Forward Industries | 403.33 Mn | 377.95 Mn | 16.85 Mn | -2,722.80% |
| 9 | Designer Brands | 345.18 Mn | 294.31 Mn | 315.32 Mn | 2.71% |
| 10 | Weyco | 339.86 Mn | 242.42 Mn | 33.84 Mn | -15.95% |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | 31.38% |
| Sep 30, 2025 | 22.82% |
| Jun 30, 2025 | 17.14% |
| Mar 31, 2025 | 17.02% |
| Dec 31, 2024 | 31.05% |
| Sep 30, 2024 | 23.27% |
| Jun 30, 2024 | 16.09% |
| Mar 31, 2024 | 15.03% |
| Dec 31, 2023 | 31.27% |
| Sep 30, 2023 | 20.57% |
| Jun 30, 2023 | 10.47% |
| Mar 31, 2023 | 13.38% |
| Dec 31, 2022 | 26.95% |
| Sep 30, 2022 | 14.60% |
| Jun 30, 2022 | 9.17% |
| Mar 31, 2022 | 11.05% |
| Dec 31, 2021 | 24.70% |
| Sep 30, 2021 | 17.76% |
| Jun 30, 2021 | 12.25% |
| Mar 31, 2021 | 9.74% |