Deckers Outdoor (DECK) Gross Margin — Quarter Ended Mar 31, 2025

In the current quarter, revenue and gross profit were lower than the prior quarter but higher than the same quarter a year ago. Gross margin weakened compared to the previous quarter but improved relative to the year-ago period.

Gross margin takeaway

Quarter ended Mar 31, 2025 · FY2025 Q4

The strongest observable margin driver is the sequential decline in gross margin, as the proportion of cost of revenue to revenue increased relative to the prior quarter.
Compared to the immediately preceding quarter, gross margin was lower; compared to the same quarter one year earlier, gross margin was higher.

Gross margin snapshot

The selected quarter's reported revenue, gross profit, direct costs, and margin comparisons.

Gross margin

56.7%

Gross profit

$579.8M

Revenue

$1.0B

Cost of revenue

$442.0M

Quarter-over-quarter change

-3.6 pts

Year-over-year change

+0.5 pts

Quarterly gross margin trend

A four-quarter view of the revenue and direct-cost bridge behind gross margin.

Period	Revenue	Gross profit	Cost of revenue	Gross margin
Jun 30, 2024	$825.3M	$470.0M	$355.3M	56.9%
Sep 30, 2024	$1.3B	$733.3M	$578.0M	55.9%
Dec 31, 2024	$1.8B	$1.1B	$724.5M	60.3%
Mar 31, 2025	$1.0B	$579.8M	$442.0M	56.7%

Quarterly comparisons

Compare the selected margin with the preceding quarter and the same fiscal quarter one year earlier.

Previous-quarter change

Dec 31, 2024

-3.6 pts

Year-over-year change

Mar 31, 2024

+0.5 pts

What the margin says

Filing-constrained interpretation of margin direction, comparisons, and what to monitor next.

The strongest observable margin driver is the sequential decline in gross margin, as the proportion of cost of revenue to revenue increased relative to the prior quarter.

Compared to the immediately preceding quarter, gross margin was lower; compared to the same quarter one year earlier, gross margin was higher.

Monitor the relationship between revenue and cost of revenue in future periods.