Deckers Outdoor stock holds after fiscal 2025 growth

Deckers Outdoor (US2441991054) enters the new trading week with fiscal 2025 revenue of $4.99 billion, diluted earnings per share of $6.16, and gross margin of 57.9% as reported for the year ended 31 March 2025. The latest annual filing also showed net cash of $1.47 billion, giving the balance sheet a central role in how the market values the company.

Fiscal 2025 numbers

Revenue rose 16.3% from $4.29 billion in fiscal 2024 to $4.99 billion in fiscal 2025, according to Deckers Outdoor's annual report. Diluted EPS increased from $5.08 to $6.16 over the same period, while gross margin improved by 0.6 percentage points to 57.9%.

Those three figures matter because they combine top-line growth, earnings growth, and margin expansion in one year. For investors, the mix shows that the business did more than simply sell more pairs of shoes; it also converted more of that growth into profit.

$1.47 billion cash

Deckers ended fiscal 2025 with $1.47 billion in net cash, a detail that matters when sales and margins are both being tested by consumer demand and brand competition. The annual report also showed that operating income reached $1.08 billion, up from $844.6 million in fiscal 2024.

That means operating profit grew 27.9% year on year, faster than revenue. The spread suggests that cost control and mix helped the company as much as unit demand.

HOKA still matters

The business still depends heavily on HOKA and UGG, and the company reported that HOKA revenue reached $1.84 billion in fiscal 2025, up from $1.62 billion in fiscal 2024. UGG revenue rose to $2.31 billion from $2.05 billion over the same period.

That split matters because each brand contributes differently to growth and margin. HOKA remained the faster-growing label, while UGG provided the larger revenue base.

Stock and valuation

Deckers Outdoor stock traded around $117.55 on the NYSE as of 25 July 2026, giving the company a market capitalization of about $18.0 billion on the same date. The market is therefore still pricing the company well above its revenue base, even after the latest fiscal year.

The share price sits far below the 52-week high of $223.98 and above the 52-week low of $93.72, which keeps the valuation debate tied to earnings durability rather than to revenue alone. The annual report's 16.3% sales growth and 27.9% operating income growth are the two numbers that matter most for that debate.

Products and brands

HOKA remains the clearest product driver for Deckers Outdoor stock because the brand posted $1.84 billion of fiscal 2025 revenue. UGG still matters as the larger label, but the brand mix shows that growth is coming first from HOKA and only then from the older portfolio.

Closing price

Deckers Outdoor stock last traded at $117.55 on the NYSE as of 25 July 2026 in USD. The market value at that level was about $18.0 billion.