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杜比实验室（DLB）与JOINT Corp（JYNT）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JOINT Corp的22.9倍（$346.7M vs $15.2M）。杜比实验室净利率更高（15.4% vs 6.5%，领先8.8%）。JOINT Corp同比增速更快（3.1% vs -2.9%）。杜比实验室自由现金流更多（$50.2M vs $2.5M）。过去两年杜比实验室的营收复合增速更高（-2.5% vs -28.6%）
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。
JOINT Corp是美国领先的脊椎按摩护理诊所运营方与特许经营商，主打高性价比的脊椎护理服务，推出会员制护理方案，面向寻求非侵入式肌肉骨骼疼痛管理及日常健康调理的消费者。
DLB vs JYNT — 直观对比
营收规模更大
DLB
是对方的22.9倍
$15.2M
营收增速更快
JYNT
高出6.0%
-2.9%
净利率更高
DLB
高出8.8%
6.5%
自由现金流更多
DLB
多$47.6M
$2.5M
两年增速更快
DLB
近两年复合增速
-28.6%
损益表 — Q1 2026 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $346.7M | $15.2M |
| 净利润 | $53.3M | $991.1K |
| 毛利率 | 87.5% | 81.4% |
| 营业利润率 | 17.9% | 4.9% |
| 净利率 | 15.4% | 6.5% |
| 营收同比 | -2.9% | 3.1% |
| 净利润同比 | -21.4% | 5510.5% |
| 每股收益（稀释后） | $0.55 | $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DLBJYNT
| Q4 25 | $346.7M | $15.2M | ||
| Q3 25 | $307.0M | $13.4M | ||
| Q2 25 | $315.5M | $13.3M | ||
| Q1 25 | $369.6M | $13.1M | ||
| Q4 24 | $357.0M | $14.7M | ||
| Q3 24 | $304.8M | $30.2M | ||
| Q2 24 | $288.8M | $30.3M | ||
| Q1 24 | $364.5M | $29.7M |
净利润DLBJYNT
| Q4 25 | $53.3M | $991.1K | ||
| Q3 25 | $49.3M | $855.0K | ||
| Q2 25 | $46.1M | $93.4K | ||
| Q1 25 | $91.8M | $967.8K | ||
| Q4 24 | $67.8M | $17.7K | ||
| Q3 24 | $58.6M | $-3.2M | ||
| Q2 24 | $38.4M | $-3.6M | ||
| Q1 24 | $97.8M | $947.0K |
毛利率DLBJYNT
| Q4 25 | 87.5% | 81.4% | ||
| Q3 25 | 87.1% | 80.1% | ||
| Q2 25 | 86.1% | 79.1% | ||
| Q1 25 | 90.3% | 77.3% | ||
| Q4 24 | 88.6% | 78.4% | ||
| Q3 24 | 88.8% | 90.7% | ||
| Q2 24 | 87.7% | 90.7% | ||
| Q1 24 | 89.4% | 90.9% |
营业利润率DLBJYNT
| Q4 25 | 17.9% | 4.9% | ||
| Q3 25 | 9.7% | 1.2% | ||
| Q2 25 | 15.1% | -8.6% | ||
| Q1 25 | 29.2% | -5.2% | ||
| Q4 24 | 22.4% | 5.5% | ||
| Q3 24 | 15.2% | -1.6% | ||
| Q2 24 | 12.7% | -5.9% | ||
| Q1 24 | 29.9% | -1.4% |
净利率DLBJYNT
| Q4 25 | 15.4% | 6.5% | ||
| Q3 25 | 16.1% | 6.4% | ||
| Q2 25 | 14.6% | 0.7% | ||
| Q1 25 | 24.8% | 7.4% | ||
| Q4 24 | 19.0% | 0.1% | ||
| Q3 24 | 19.2% | -10.5% | ||
| Q2 24 | 13.3% | -11.9% | ||
| Q1 24 | 26.8% | 3.2% |
每股收益（稀释后）DLBJYNT
| Q4 25 | $0.55 | $0.06 | ||
| Q3 25 | $0.50 | $0.06 | ||
| Q2 25 | $0.48 | $0.01 | ||
| Q1 25 | $0.94 | $0.06 | ||
| Q4 24 | $0.70 | $0.01 | ||
| Q3 24 | $0.59 | $-0.21 | ||
| Q2 24 | $0.40 | $-0.24 | ||
| Q1 24 | $1.01 | $0.06 |
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 | $644.6M | $23.6M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $2.6B | $15.1M |
| 总资产 | $3.2B | $61.0M |
| 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DLBJYNT
| Q4 25 | $644.6M | $23.6M | ||
| Q3 25 | $702.6M | $29.7M | ||
| Q2 25 | $699.3M | $29.8M | ||
| Q1 25 | $626.6M | $21.9M | ||
| Q4 24 | $520.8M | $25.1M | ||
| Q3 24 | $482.0M | $20.7M | ||
| Q2 24 | $869.0M | $17.5M | ||
| Q1 24 | $825.4M | $18.7M |
股东权益DLBJYNT
| Q4 25 | $2.6B | $15.1M | ||
| Q3 25 | $2.6B | $22.7M | ||
| Q2 25 | $2.6B | $23.2M | ||
| Q1 25 | $2.6B | $22.8M | ||
| Q4 24 | $2.5B | $20.7M | ||
| Q3 24 | $2.5B | $20.5M | ||
| Q2 24 | $2.4B | $23.2M | ||
| Q1 24 | $2.4B | $26.2M |
总资产DLBJYNT
| Q4 25 | $3.2B | $61.0M | ||
| Q3 25 | $3.2B | $69.4M | ||
| Q2 25 | $3.2B | $73.2M | ||
| Q1 25 | $3.2B | $80.1M | ||
| Q4 24 | $3.2B | $83.2M | ||
| Q3 24 | $3.1B | $79.6M | ||
| Q2 24 | $3.0B | $82.4M | ||
| Q1 24 | $3.0B | $85.7M |
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 | $54.8M | $2.9M |
| 自由现金流经营现金流 - 资本支出 | $50.2M | $2.5M |
| 自由现金流率自由现金流/营收 | 14.5% | 16.8% |
| 资本支出强度资本支出/营收 | 1.3% | 2.3% |
| 现金转化率经营现金流/净利润 | 1.03× | 2.92× |
| 过去12个月自由现金流最近4个季度 | $386.0M | $334.7K |
8季度趋势，按日历期对齐
经营现金流DLBJYNT
| Q4 25 | $54.8M | $2.9M | ||
| Q3 25 | $122.8M | $1.8M | ||
| Q2 25 | $67.7M | $868.6K | ||
| Q1 25 | $174.9M | $-3.7M | ||
| Q4 24 | $106.8M | $4.1M | ||
| Q3 24 | $116.2M | $3.4M | ||
| Q2 24 | $21.3M | $-973.5K | ||
| Q1 24 | $181.4M | $2.8M |
自由现金流DLBJYNT
| Q4 25 | $50.2M | $2.5M | ||
| Q3 25 | $106.6M | $1.5M | ||
| Q2 25 | $61.3M | $363.6K | ||
| Q1 25 | $168.0M | $-4.0M | ||
| Q4 24 | $100.0M | $3.8M | ||
| Q3 24 | $108.8M | $3.2M | ||
| Q2 24 | $13.7M | $-1.2M | ||
| Q1 24 | $172.5M | $2.4M |
自由现金流率DLBJYNT
| Q4 25 | 14.5% | 16.8% | ||
| Q3 25 | 34.7% | 10.9% | ||
| Q2 25 | 19.4% | 2.7% | ||
| Q1 25 | 45.5% | -30.8% | ||
| Q4 24 | 28.0% | 26.1% | ||
| Q3 24 | 35.7% | 10.6% | ||
| Q2 24 | 4.7% | -4.1% | ||
| Q1 24 | 47.3% | 8.1% |
资本支出强度DLBJYNT
| Q4 25 | 1.3% | 2.3% | ||
| Q3 25 | 5.3% | 2.4% | ||
| Q2 25 | 2.0% | 3.8% | ||
| Q1 25 | 1.9% | 2.5% | ||
| Q4 24 | 1.9% | 1.9% | ||
| Q3 24 | 2.4% | 0.8% | ||
| Q2 24 | 2.6% | 0.9% | ||
| Q1 24 | 2.4% | 1.3% |
现金转化率DLBJYNT
| Q4 25 | 1.03× | 2.92× | ||
| Q3 25 | 2.49× | 2.07× | ||
| Q2 25 | 1.47× | 9.30× | ||
| Q1 25 | 1.91× | -3.82× | ||
| Q4 24 | 1.57× | 233.80× | ||
| Q3 24 | 1.98× | — | ||
| Q2 24 | 0.55× | — | ||
| Q1 24 | 1.85× | 2.97× |
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 Brodcast Revenue | $100.3M | 29% |
| Licensing Mobile Revenue | $74.9M | 22% |
| Licensing Other Revenue | $70.2M | 20% |
| Licensing CE Revenue | $45.6M | 13% |
| Licensing PC Revenue | $28.7M | 8% |
| Products And Services | $26.9M | 8% |
JYNT
| Transferred At Point In Time | $12.8M | 84% |
| Transferred Over Time | $2.4M | 16% |
