Deckers Brands management check
DECK · Consumer Discretionary · Footwear · CEO Stefano Caroti
Filings as of
4 good · 2 to watch · 0 flagged, across the seven questions below.
- Good
Have owners done well?
Beat its chosen peers$100 invested at the start of fiscal 2022 grew to $182, against $43 for the peer group the company picked itself.
- Good
Does pay follow performance?
Pay rose and fell with returnsOver 5 years, the CEO's pay actually paid (equity valued at the share price) had a correlation of 0.55 with shareholder return. 1 means pay moved in step; below 0, the opposite way.
- Watch
What does the CEO cost owners?
1.2% of net income$11.9m of reported pay in fiscal 2026, against $1.0bn of net income.
- n/a
Do they own the stock?
No recent CEO filingNo open-market insider buying or selling in the last six months.
- Good
Are owners being diluted?
Share count shrinkingDiluted shares changed -3.4% a year over the last three fiscal years. Stock-based pay was 0.8% of revenue in the latest year.
- Watch
Is leadership stable?
2 CEOs in the pay tableCEOs in the pay table: Dave Powers, Stefano Caroti. 4 filings under 8-K item 5.02 (officers or directors leaving or joining, or new pay arrangements) in the last 3 years.
- Good
Are the books clean?
No red flags on fileNo restatements, auditor changes or late filings since 2021.
Against the S&P 500
Each check's score (0–100) and how it compares: the share of ranked S&P 500 companies it matches or beats, and the median in Consumer Discretionary.
| Check | Score | At or above | Sector median |
|---|---|---|---|
| Owner returns | 100 | 70 | |
| Pay for performance | 77 | 79 | |
| CEO cost | 45 | 44 | |
| Skin in the game | — | — | 36 |
| Dilution | 93 | 74 | |
| Stable leadership | 60 | 80 | |
| Clean books | 100 | 100 |
Closest peers
Nearest in rank in Consumer Discretionary, by management score. Deckers Brands is 8th of 47 in its sector.
Pay versus performance
From the proxy statement filed July 24, 2026. "Actually paid" values stock awards at the share price, so it rises and falls with the stock.
| Fiscal year | CEO | CEO pay | Actually paid | Other executives (avg) | $100 became | Peers | Net income |
|---|---|---|---|---|---|---|---|
| 2026 | Stefano Caroti | $11.9m | $10.9m | $3.8m | $182 | $43 | $1.0bn |
| 2025 | Stefano Caroti, Dave Powers | $10.1m | $2.5m | $3.7m | $203 | $39 | $966.1m |
| 2024 | Dave Powers | $14.3m | $30.8m | $4.6m | $285 | $43 | $759.6m |
| 2023 | Dave Powers | $11.4m | $21.4m | $3.0m | $136 | $52 | $516.8m |
| 2022 | Dave Powers | $10.9m | $6.2m | $3.9m | $83 | $78 | $451.9m |
The board says pay is tied most to consolidated operating income. Its other key measures: Consolidated Operating Income, Consolidated Revenue, Consolidated Pre-Tax Income.
Insiders and the CEO's stake
Caroti Stefano (President & CEO) held 460,949 shares directly after their latest Form 4 on Aug 17, 2026.
No open-market insider buying or selling in the last six months.
Leadership and governance on file
- Oct 22, 2026Leadership change8-K 5.02
- May 22, 2025Leadership change8-K 5.02
- Sep 13, 2024Leadership change8-K 5.02
- Feb 1, 2024Leadership change8-K 5.02
- Jun 10, 2022Leadership change8-K 5.02
Latest shareholder vote results: Sep 15, 2026, including the say-on-pay vote.
Where the money went
Over 2021–2025: $2.7bn returned to owners in buybacks and dividends, 73% of net income, and $173.8m of pay in stock.
| Fiscal year | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | $3.2bn | $3.6bn | $4.3bn | $5.0bn | $5.5bn |
| Net income | $451.9m | $516.8m | $759.6m | $966.1m | $1.0bn |
| Stock-based pay | $26.8m | $26.9m | $37.3m | $37.9m | $44.8m |
| Buybacks | $356.7m | $297.4m | $414.9m | $567.0m | $1.1bn |
| Dividends | — | — | — | — | — |
| Diluted shares | 28m | 160m | 156m | 153m | 146m |
Educational only, not investment advice. Figures are as filed with the SEC: pay from the proxy's pay-versus-performance table, capital allocation from 10-K XBRL data, insider trades from Form 4s over the last six months, events from the last 5 years of filings. The peer group is the one the company chose. See the method.