vs
杜比实验室（DLB）与Ecovyst Inc.（ECVT）财务数据对比。点击上方公司名可切换其他公司
杜比实验室的季度营收约是Ecovyst Inc.的2.0倍（$395.6M vs $199.4M），Ecovyst Inc.同比增速更快（34.0% vs 7.1%），过去两年Ecovyst Inc.的营收复合增速更高（18.7% vs 13.9%）
杜比实验室是一家美国科技企业，专注于音频降噪、音频编码压缩、空间音频及高动态范围（HDR）影像等技术的研发，旗下技术广泛授权给全球各地的消费电子制造商使用，助力终端产品为用户带来更出色的视听体验。
Ecovyst Inc.是一家全球可持续特种材料供应商，主营高性能催化剂与功能性添加剂的研发、生产，产品服务覆盖工业制造、消费品、环保等核心领域，助力全球客户提升运营效率、降低碳排放。
DLB vs ECVT — 直观对比
营收规模更大
DLB
是对方的2.0倍
$199.4M
营收增速更快
ECVT
高出26.9%
7.1%
两年增速更快
ECVT
近两年复合增速
13.9%
损益表 — Q3 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $395.6M | $199.4M |
| 净利润 | $94.9M | — |
| 毛利率 | 88.7% | 23.4% |
| 营业利润率 | 28.5% | 10.9% |
| 净利率 | 24.0% | — |
| 营收同比 | 7.1% | 34.0% |
| 净利润同比 | 3.4% | — |
| 每股收益（稀释后） | $0.99 | $0.06 |
绿色 = 该指标领先。财年不对齐时期间可能不同
8季度营收与利润趋势
并排季度历史对比，按日历期对齐，财年错位的公司也能正确匹配
营收DLBECVT
| Q2 26 | $395.6M | — | ||
| Q1 26 | $346.7M | — | ||
| Q4 25 | $346.7M | $199.4M | ||
| Q3 25 | $307.0M | $204.9M | ||
| Q2 25 | $315.5M | $176.1M | ||
| Q1 25 | $369.6M | $143.1M | ||
| Q4 24 | $357.0M | $148.9M | ||
| Q3 24 | $304.8M | $153.9M |
净利润DLBECVT
| Q2 26 | $94.9M | — | ||
| Q1 26 | $53.3M | — | ||
| Q4 25 | $53.3M | — | ||
| Q3 25 | $49.3M | $-79.3M | ||
| Q2 25 | $46.1M | $6.0M | ||
| Q1 25 | $91.8M | $-3.6M | ||
| Q4 24 | $67.8M | — | ||
| Q3 24 | $58.6M | $14.3M |
毛利率DLBECVT
| Q2 26 | 88.7% | — | ||
| Q1 26 | 87.5% | — | ||
| Q4 25 | 87.5% | 23.4% | ||
| Q3 25 | 87.1% | 25.4% | ||
| Q2 25 | 86.1% | 22.8% | ||
| Q1 25 | 90.3% | 13.3% | ||
| Q4 24 | 88.6% | 28.9% | ||
| Q3 24 | 88.8% | 29.3% |
营业利润率DLBECVT
| Q2 26 | 28.5% | — | ||
| Q1 26 | 17.9% | — | ||
| Q4 25 | 17.9% | 10.9% | ||
| Q3 25 | 9.7% | 13.8% | ||
| Q2 25 | 15.1% | 9.0% | ||
| Q1 25 | 29.2% | -0.7% | ||
| Q4 24 | 22.4% | 15.1% | ||
| Q3 24 | 15.2% | 17.9% |
净利率DLBECVT
| Q2 26 | 24.0% | — | ||
| Q1 26 | 15.4% | — | ||
| Q4 25 | 15.4% | — | ||
| Q3 25 | 16.1% | -38.7% | ||
| Q2 25 | 14.6% | 3.4% | ||
| Q1 25 | 24.8% | -2.5% | ||
| Q4 24 | 19.0% | — | ||
| Q3 24 | 19.2% | 9.3% |
每股收益（稀释后）DLBECVT
| Q2 26 | $0.99 | — | ||
| Q1 26 | $0.55 | — | ||
| Q4 25 | $0.55 | $0.06 | ||
| Q3 25 | $0.50 | $-0.69 | ||
| Q2 25 | $0.48 | $0.05 | ||
| Q1 25 | $0.94 | $-0.03 | ||
| Q4 24 | $0.70 | $-0.26 | ||
| Q3 24 | $0.59 | $0.12 |
资产负债表与财务实力
最新季度各公司的流动性、杠杆与账面价值一览
| 指标 | | |
|---|---|---|
| 现金及短期投资手头流动性 | $594.7M | $197.2M |
| 总债务越低越好 | — | $392.6M |
| 股东权益账面价值 | $2.6B | $603.4M |
| 总资产 | $3.2B | $1.3B |
| 负债/权益比越低杠杆越低 | — | 0.65× |
8季度趋势，按日历期对齐
现金及短期投资DLBECVT
| Q2 26 | $594.7M | — | ||
| Q1 26 | $644.6M | — | ||
| Q4 25 | $644.6M | $197.2M | ||
| Q3 25 | $702.6M | $82.0M | ||
| Q2 25 | $699.3M | $69.6M | ||
| Q1 25 | $626.6M | $127.5M | ||
| Q4 24 | $520.8M | $131.4M | ||
| Q3 24 | $482.0M | $123.5M |
总债务DLBECVT
| Q2 26 | — | — | ||
| Q1 26 | — | — | ||
| Q4 25 | — | $392.6M | ||
| Q3 25 | — | $854.8M | ||
| Q2 25 | — | $856.6M | ||
| Q1 25 | — | $859.0M | ||
| Q4 24 | — | $860.8M | ||
| Q3 24 | — | $862.7M |
股东权益DLBECVT
| Q2 26 | $2.6B | — | ||
| Q1 26 | $2.6B | — | ||
| Q4 25 | $2.6B | $603.4M | ||
| Q3 25 | $2.6B | $607.9M | ||
| Q2 25 | $2.6B | $692.4M | ||
| Q1 25 | $2.6B | $698.7M | ||
| Q4 24 | $2.5B | $700.5M | ||
| Q3 24 | $2.5B | $729.4M |
总资产DLBECVT
| Q2 26 | $3.2B | — | ||
| Q1 26 | $3.2B | — | ||
| Q4 25 | $3.2B | $1.3B | ||
| Q3 25 | $3.2B | $1.7B | ||
| Q2 25 | $3.2B | $1.8B | ||
| Q1 25 | $3.2B | $1.8B | ||
| Q4 24 | $3.2B | $1.8B | ||
| Q3 24 | $3.1B | $1.8B |
负债/权益比DLBECVT
| Q2 26 | — | — | ||
| Q1 26 | — | — | ||
| Q4 25 | — | 0.65× | ||
| Q3 25 | — | 1.41× | ||
| Q2 25 | — | 1.24× | ||
| Q1 25 | — | 1.23× | ||
| Q4 24 | — | 1.23× | ||
| Q3 24 | — | 1.18× |
现金流与资本效率
扣除再投资后实际产生的现金。现金流比净利润更难造假
| 指标 | | |
|---|---|---|
| 经营现金流最新季度 | $147.3M | $41.8M |
| 自由现金流经营现金流 - 资本支出 | — | $22.9M |
| 自由现金流率自由现金流/营收 | — | 11.5% |
| 资本支出强度资本支出/营收 | — | 9.4% |
| 现金转化率经营现金流/净利润 | 1.55× | — |
| 过去12个月自由现金流最近4个季度 | — | $69.9M |
8季度趋势，按日历期对齐
经营现金流DLBECVT
| Q2 26 | $147.3M | — | ||
| Q1 26 | $54.8M | — | ||
| Q4 25 | $54.8M | $41.8M | ||
| Q3 25 | $472.2M | $55.3M | ||
| Q2 25 | $67.7M | $33.0M | ||
| Q1 25 | $174.9M | $10.3M | ||
| Q4 24 | $106.8M | $43.5M | ||
| Q3 24 | $327.3M | $59.9M |
自由现金流DLBECVT
| Q2 26 | — | — | ||
| Q1 26 | — | — | ||
| Q4 25 | $50.2M | $22.9M | ||
| Q3 25 | $435.9M | $53.2M | ||
| Q2 25 | $61.3M | $7.8M | ||
| Q1 25 | $168.0M | $-14.0M | ||
| Q4 24 | $100.0M | $30.9M | ||
| Q3 24 | $297.2M | $53.6M |
自由现金流率DLBECVT
| Q2 26 | — | — | ||
| Q1 26 | — | — | ||
| Q4 25 | 14.5% | 11.5% | ||
| Q3 25 | 142.0% | 26.0% | ||
| Q2 25 | 19.4% | 4.4% | ||
| Q1 25 | 45.5% | -9.8% | ||
| Q4 24 | 28.0% | 20.7% | ||
| Q3 24 | 97.5% | 34.9% |
资本支出强度DLBECVT
| Q2 26 | — | — | ||
| Q1 26 | — | — | ||
| Q4 25 | 1.3% | 9.4% | ||
| Q3 25 | 11.8% | 1.0% | ||
| Q2 25 | 2.0% | 14.4% | ||
| Q1 25 | 1.9% | 16.9% | ||
| Q4 24 | 1.9% | 8.5% | ||
| Q3 24 | 9.8% | 4.1% |
现金转化率DLBECVT
| Q2 26 | 1.55× | — | ||
| Q1 26 | 1.03× | — | ||
| Q4 25 | 1.03× | — | ||
| Q3 25 | 9.57× | — | ||
| Q2 25 | 1.47× | 5.52× | ||
| Q1 25 | 1.91× | — | ||
| Q4 24 | 1.57× | — | ||
| Q3 24 | 5.59× | 4.21× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
业务分部营收拆解
DLB
| Licensing | $372.2M | 94% |
| Products and services | $23.4M | 6% |
ECVT
| Industrial Mining Automotive | $101.3M | 51% |
| Regeneration And Treatment Services | $90.0M | 45% |
| Other | $8.1M | 4% |
