vs
杜比实验室（DLB）与J&J SNACK FOODS CORP（JJSF）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J&J SNACK FOODS CORP的1.2倍（$395.6M vs $343.8M），杜比实验室净利率更高（24.0% vs 0.3%，领先23.7%），杜比实验室同比增速更快（7.1% vs -5.2%），过去两年杜比实验室的营收复合增速更高（13.9% vs -2.2%）
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。
强生休闲食品公司（J&J Snack Foods Corp.）是美国知名的品牌休闲食品与冷冻饮品生产商、营销商及分销商，总部位于新泽西州芒特劳雷尔，在全美44个州、墨西哥及加拿大设有超175个生产、仓储及配送设施，于纳斯达克全球精选市场上市，业务覆盖国内外市场。
DLB vs JJSF — 直观对比
营收规模更大
DLB
是对方的1.2倍
$343.8M
营收增速更快
DLB
高出12.2%
-5.2%
净利率更高
DLB
高出23.7%
0.3%
两年增速更快
DLB
近两年复合增速
-2.2%
损益表 — Q3 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $395.6M | $343.8M |
| 净利润 | $94.9M | $883.0K |
| 毛利率 | 88.7% | 27.9% |
| 营业利润率 | 28.5% | 0.2% |
| 净利率 | 24.0% | 0.3% |
| 营收同比 | 7.1% | -5.2% |
| 净利润同比 | 3.4% | -82.8% |
| 每股收益（稀释后） | $0.99 | $0.05 |
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DLBJJSF
| Q2 26 | $395.6M | — | ||
| Q1 26 | $346.7M | — | ||
| Q4 25 | $346.7M | $343.8M | ||
| Q3 25 | $307.0M | $410.2M | ||
| Q2 25 | $315.5M | $454.3M | ||
| Q1 25 | $369.6M | $356.1M | ||
| Q4 24 | $357.0M | $362.6M | ||
| Q3 24 | $304.8M | $426.8M |
净利润DLBJJSF
| Q2 26 | $94.9M | — | ||
| Q1 26 | $53.3M | — | ||
| Q4 25 | $53.3M | $883.0K | ||
| Q3 25 | $49.3M | $11.4M | ||
| Q2 25 | $46.1M | $44.2M | ||
| Q1 25 | $91.8M | $4.8M | ||
| Q4 24 | $67.8M | $5.1M | ||
| Q3 24 | $58.6M | $29.6M |
毛利率DLBJJSF
| Q2 26 | 88.7% | — | ||
| Q1 26 | 87.5% | — | ||
| Q4 25 | 87.5% | 27.9% | ||
| Q3 25 | 87.1% | 31.7% | ||
| Q2 25 | 86.1% | 33.0% | ||
| Q1 25 | 90.3% | 26.9% | ||
| Q4 24 | 88.6% | 25.9% | ||
| Q3 24 | 88.8% | 31.8% |
营业利润率DLBJJSF
| Q2 26 | 28.5% | — | ||
| Q1 26 | 17.9% | — | ||
| Q4 25 | 17.9% | 0.2% | ||
| Q3 25 | 9.7% | 2.8% | ||
| Q2 25 | 15.1% | 13.3% | ||
| Q1 25 | 29.2% | 1.7% | ||
| Q4 24 | 22.4% | 1.7% | ||
| Q3 24 | 15.2% | 9.3% |
净利率DLBJJSF
| Q2 26 | 24.0% | — | ||
| Q1 26 | 15.4% | — | ||
| Q4 25 | 15.4% | 0.3% | ||
| Q3 25 | 16.1% | 2.8% | ||
| Q2 25 | 14.6% | 9.7% | ||
| Q1 25 | 24.8% | 1.4% | ||
| Q4 24 | 19.0% | 1.4% | ||
| Q3 24 | 19.2% | 6.9% |
每股收益（稀释后）DLBJJSF
| Q2 26 | $0.99 | — | ||
| Q1 26 | $0.55 | — | ||
| Q4 25 | $0.55 | $0.05 | ||
| Q3 25 | $0.50 | $0.59 | ||
| Q2 25 | $0.48 | $2.26 | ||
| Q1 25 | $0.94 | $0.25 | ||
| Q4 24 | $0.70 | $0.26 | ||
| Q3 24 | $0.59 | $1.52 |
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 | $66.8M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $2.6B | $912.9M |
| 总资产 | $3.2B | $1.3B |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
现金及短期投资DLBJJSF
| Q2 26 | $594.7M | — | ||
| Q1 26 | $644.6M | — | ||
| Q4 25 | $644.6M | $66.8M | ||
| Q3 25 | $702.6M | $105.9M | ||
| Q2 25 | $699.3M | $77.4M | ||
| Q1 25 | $626.6M | $48.5M | ||
| Q4 24 | $520.8M | $73.6M | ||
| Q3 24 | $482.0M | $73.4M |
股东权益DLBJJSF
| Q2 26 | $2.6B | — | ||
| Q1 26 | $2.6B | — | ||
| Q4 25 | $2.6B | $912.9M | ||
| Q3 25 | $2.6B | $966.7M | ||
| Q2 25 | $2.6B | $969.9M | ||
| Q1 25 | $2.6B | $935.0M | ||
| Q4 24 | $2.5B | $946.8M | ||
| Q3 24 | $2.5B | $957.0M |
总资产DLBJJSF
| Q2 26 | $3.2B | — | ||
| Q1 26 | $3.2B | — | ||
| Q4 25 | $3.2B | $1.3B | ||
| Q3 25 | $3.2B | $1.4B | ||
| Q2 25 | $3.2B | $1.4B | ||
| Q1 25 | $3.2B | $1.4B | ||
| Q4 24 | $3.2B | $1.3B | ||
| Q3 24 | $3.1B | $1.4B |
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 | $36.0M |
| 自由现金流经营现金流 - 资本支出 | — | $17.0M |
| 自由现金流率自由现金流/营收 | — | 4.9% |
| 资本支出强度资本支出/营收 | — | 5.5% |
| 现金转化率经营现金流/净利润 | 1.55× | 40.73× |
| 过去12个月自由现金流最近4个季度 | — | $83.1M |
8季度趋势，按日历期对齐
经营现金流DLBJJSF
| Q2 26 | $147.3M | — | ||
| Q1 26 | $54.8M | — | ||
| Q4 25 | $54.8M | $36.0M | ||
| Q3 25 | $472.2M | $66.4M | ||
| Q2 25 | $67.7M | $51.2M | ||
| Q1 25 | $174.9M | $12.3M | ||
| Q4 24 | $106.8M | $35.2M | ||
| Q3 24 | $327.3M | $46.3M |
自由现金流DLBJJSF
| Q2 26 | — | — | ||
| Q1 26 | — | — | ||
| Q4 25 | $50.2M | $17.0M | ||
| Q3 25 | $435.9M | $44.8M | ||
| Q2 25 | $61.3M | $28.5M | ||
| Q1 25 | $168.0M | $-7.2M | ||
| Q4 24 | $100.0M | $16.1M | ||
| Q3 24 | $297.2M | $29.1M |
自由现金流率DLBJJSF
| Q2 26 | — | — | ||
| Q1 26 | — | — | ||
| Q4 25 | 14.5% | 4.9% | ||
| Q3 25 | 142.0% | 10.9% | ||
| Q2 25 | 19.4% | 6.3% | ||
| Q1 25 | 45.5% | -2.0% | ||
| Q4 24 | 28.0% | 4.4% | ||
| Q3 24 | 97.5% | 6.8% |
资本支出强度DLBJJSF
| Q2 26 | — | — | ||
| Q1 26 | — | — | ||
| Q4 25 | 1.3% | 5.5% | ||
| Q3 25 | 11.8% | 5.3% | ||
| Q2 25 | 2.0% | 5.0% | ||
| Q1 25 | 1.9% | 5.5% | ||
| Q4 24 | 1.9% | 5.3% | ||
| Q3 24 | 9.8% | 4.0% |
现金转化率DLBJJSF
| Q2 26 | 1.55× | — | ||
| Q1 26 | 1.03× | — | ||
| Q4 25 | 1.03× | 40.73× | ||
| Q3 25 | 9.57× | 5.84× | ||
| Q2 25 | 1.47× | 1.16× | ||
| Q1 25 | 1.91× | 2.55× | ||
| Q4 24 | 1.57× | 6.84× | ||
| Q3 24 | 5.59× | 1.56× |
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% |
JJSF
| Food Service | $219.2M | 64% |
| Frozen Beverages | $78.7M | 23% |
| Repair And Maintenance Service | $22.5M | 7% |
| Other | $12.7M | 4% |
| Machine Sales | $10.7M | 3% |
