Deckers Brands vs Wolverine World Wide
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The short version
- Deckers Brands is the larger business, with $5.5B of revenue in fiscal 2026 against $1.9B for Wolverine World Wide, about 2.9 times as much.
- Deckers Brands grew revenue faster (9.8%, against 6.8%).
- Deckers Brands kept more of each dollar of sales as operating profit (23.1% operating margin, against 8.0%).
- Deckers Brands turned more of its sales into free cash flow (20.1% FCF margin, against 6.7%).
- Deckers Brands earned a higher return on the capital invested in it (160.4%, against 15.1%).
- Investors pay more for each dollar of Wolverine World Wide’s earnings: a P/E of 15.8x against 11.5x for Deckers Brands.
| Latest fiscal year | DECK · FY26 | WWW · FY25 |
|---|---|---|
| Size | ||
| Market cap | $11.2B | $1.7B |
| Revenue | $5.5B | $1.9B |
| Free cash flow | $1.1B | $126M |
| Net income | $1.0B | $95.8M |
| Growth | ||
| Revenue growth | 9.8% | 6.8% |
| 5-year growth | 16.5% | 0.9% |
| Share count change | −4.5% | 2.1% |
| Profitability | ||
| Gross margin | 57.7% | 47.3% |
| Operating margin | 23.1% | 8.0% |
| Net margin | 18.7% | 5.1% |
| FCF margin | 20.1% | 6.7% |
| Return on capital | 160.4% | 15.1% |
| Return on equity | 40.9% | 26.6% |
| Balance sheet | ||
| Net debt | −$1.9B | $415M |
| Net debt / EBITDA | −1.4x | 2.4x |
| Dividends and buybacks | $1.1B | $47.8M |
| Valuation & quality | ||
| P/E | 11.5x | 15.8x |
| Piotroski F-score | 4 | 7 |
Revenue
FY17
DECK $1.8B
WWW $2.4B
FY18
DECK $1.9B
WWW $2.2B
FY19
DECK $2.0B
WWW $2.3B
FY20
DECK $2.1B
WWW $1.8B
FY21
DECK $2.5B
WWW $2.4B
FY22
DECK $3.2B
WWW $2.7B
FY23
DECK $3.6B
WWW $2.2B
FY24
DECK $4.3B
WWW $1.8B
FY25
DECK $5.0B
WWW $1.9B
FY26
DECK $5.5B
WWW —
DECK
WWW
Operating margin
FY17
DECK −0.1%
WWW 1.3%
FY18
DECK 11.7%
WWW 11.3%
FY19
DECK 16.2%
WWW 7.5%
FY20
DECK 15.9%
WWW −7.7%
FY21
DECK 19.8%
WWW 6.5%
FY22
DECK 17.9%
WWW −7.8%
FY23
DECK 18.0%
WWW −3.0%
FY24
DECK 21.6%
WWW 5.6%
FY25
DECK 23.7%
WWW 8.0%
FY26
DECK 23.1%
WWW —
DECK
WWW
Free cash flow
FY17
DECK $155M
WWW $170M
FY18
DECK $293M
WWW $75.8M
FY19
DECK $330M
WWW $188M
FY20
DECK $254M
WWW $299M
FY21
DECK $564M
WWW $69.2M
FY22
DECK $121M
WWW −$215M
FY23
DECK $456M
WWW $107M
FY24
DECK $944M
WWW $160M
FY25
DECK $958M
WWW $126M
FY26
DECK $1.1B
WWW —
DECK
WWW
Return on capital
FY17
DECK −0.2%
WWW 1.9%
FY18
DECK 18.6%
WWW 16.6%
FY19
DECK 51.1%
WWW 10.7%
FY20
DECK 54.3%
WWW −9.2%
FY21
DECK 87.8%
WWW 10.8%
FY22
DECK 86.1%
WWW −11.7%
FY23
DECK 68.5%
WWW −4.4%
FY24
DECK 103.6%
WWW 8.8%
FY25
DECK 149.1%
WWW 15.1%
FY26
DECK 160.4%
WWW —
DECK
WWW
Each company's latest fiscal year; fiscal years end in different months. The best value in each row is highlighted where higher (or lower) is clearly better. Not investment advice.