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杜比实验室（DLB）与Mativ Holdings, Inc.（MATV）财务数据对比。点击上方公司名可切换其他公司
Mativ Holdings, Inc.的季度营收约是杜比实验室的1.2倍（$463.1M vs $395.6M），杜比实验室净利率更高（24.0% vs 21.8%，领先2.2%），杜比实验室同比增速更快（7.1% vs 1.0%），过去两年杜比实验室的营收复合增速更高（13.9% vs -3.8%）
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。
Mativ Holdings是一家全球特种材料制造商，主要生产高性能先进聚合物、无纺布、过滤解决方案及功能性涂层材料，服务医疗、工业、消费品、航空航天、能源等领域，业务遍及北美、欧洲及亚太地区。
DLB vs MATV — 直观对比
营收规模更大
MATV
是对方的1.2倍
$395.6M
营收增速更快
DLB
高出6.1%
1.0%
净利率更高
DLB
高出2.2%
21.8%
两年增速更快
DLB
近两年复合增速
-3.8%
损益表 — Q3 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $395.6M | $463.1M |
| 净利润 | $94.9M | $100.8M |
| 毛利率 | 88.7% | 18.8% |
| 营业利润率 | 28.5% | 2.2% |
| 净利率 | 24.0% | 21.8% |
| 营收同比 | 7.1% | 1.0% |
| 净利润同比 | 3.4% | 6620.0% |
| 每股收益（稀释后） | $0.99 | $1.87 |
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DLBMATV
| Q2 26 | $395.6M | — | ||
| Q1 26 | $346.7M | — | ||
| Q4 25 | $346.7M | $463.1M | ||
| Q3 25 | $307.0M | $513.7M | ||
| Q2 25 | $315.5M | $525.4M | ||
| Q1 25 | $369.6M | $484.8M | ||
| Q4 24 | $357.0M | $458.6M | ||
| Q3 24 | $304.8M | $498.5M |
净利润DLBMATV
| Q2 26 | $94.9M | — | ||
| Q1 26 | $53.3M | — | ||
| Q4 25 | $53.3M | $100.8M | ||
| Q3 25 | $49.3M | $-3.2M | ||
| Q2 25 | $46.1M | $-9.5M | ||
| Q1 25 | $91.8M | $-425.5M | ||
| Q4 24 | $67.8M | $1.5M | ||
| Q3 24 | $58.6M | $-20.8M |
毛利率DLBMATV
| Q2 26 | 88.7% | — | ||
| Q1 26 | 87.5% | — | ||
| Q4 25 | 87.5% | 18.8% | ||
| Q3 25 | 87.1% | 19.3% | ||
| Q2 25 | 86.1% | 19.7% | ||
| Q1 25 | 90.3% | 15.0% | ||
| Q4 24 | 88.6% | 16.9% | ||
| Q3 24 | 88.8% | 18.8% |
营业利润率DLBMATV
| Q2 26 | 28.5% | — | ||
| Q1 26 | 17.9% | — | ||
| Q4 25 | 17.9% | 2.2% | ||
| Q3 25 | 9.7% | 3.1% | ||
| Q2 25 | 15.1% | 3.8% | ||
| Q1 25 | 29.2% | -88.8% | ||
| Q4 24 | 22.4% | 0.6% | ||
| Q3 24 | 15.2% | 1.4% |
净利率DLBMATV
| Q2 26 | 24.0% | — | ||
| Q1 26 | 15.4% | — | ||
| Q4 25 | 15.4% | 21.8% | ||
| Q3 25 | 16.1% | -0.6% | ||
| Q2 25 | 14.6% | -1.8% | ||
| Q1 25 | 24.8% | -87.8% | ||
| Q4 24 | 19.0% | 0.3% | ||
| Q3 24 | 19.2% | -4.2% |
每股收益（稀释后）DLBMATV
| Q2 26 | $0.99 | — | ||
| Q1 26 | $0.55 | — | ||
| Q4 25 | $0.55 | $1.87 | ||
| Q3 25 | $0.50 | $-0.06 | ||
| Q2 25 | $0.48 | $-0.18 | ||
| Q1 25 | $0.94 | $-7.82 | ||
| Q4 24 | $0.70 | $0.03 | ||
| Q3 24 | $0.59 | $-0.38 |
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 | $84.2M |
| 总债务越低越好 | — | $1.0B |
| 股东权益账面价值 | $2.6B | $498.7M |
| 总资产 | $3.2B | $2.1B |
| 负债/权益比越低杠杆越低 | — | 2.07× |
8季度趋势，按日历期对齐
现金及短期投资DLBMATV
| Q2 26 | $594.7M | — | ||
| Q1 26 | $644.6M | — | ||
| Q4 25 | $644.6M | $84.2M | ||
| Q3 25 | $702.6M | $97.1M | ||
| Q2 25 | $699.3M | $95.6M | ||
| Q1 25 | $626.6M | $84.0M | ||
| Q4 24 | $520.8M | $94.3M | ||
| Q3 24 | $482.0M | $162.2M |
总债务DLBMATV
| Q2 26 | — | — | ||
| Q1 26 | — | — | ||
| Q4 25 | — | $1.0B | ||
| Q3 25 | — | $1.0B | ||
| Q2 25 | — | $1.1B | ||
| Q1 25 | — | $1.1B | ||
| Q4 24 | — | $1.1B | ||
| Q3 24 | — | $1.2B |
股东权益DLBMATV
| Q2 26 | $2.6B | — | ||
| Q1 26 | $2.6B | — | ||
| Q4 25 | $2.6B | $498.7M | ||
| Q3 25 | $2.6B | $397.4M | ||
| Q2 25 | $2.6B | $416.6M | ||
| Q1 25 | $2.6B | $428.2M | ||
| Q4 24 | $2.5B | $858.5M | ||
| Q3 24 | $2.5B | $882.3M |
总资产DLBMATV
| Q2 26 | $3.2B | — | ||
| Q1 26 | $3.2B | — | ||
| Q4 25 | $3.2B | $2.1B | ||
| Q3 25 | $3.2B | $2.0B | ||
| Q2 25 | $3.2B | $2.1B | ||
| Q1 25 | $3.2B | $2.1B | ||
| Q4 24 | $3.2B | $2.4B | ||
| Q3 24 | $3.1B | $2.6B |
负债/权益比DLBMATV
| Q2 26 | — | — | ||
| Q1 26 | — | — | ||
| Q4 25 | — | 2.07× | ||
| Q3 25 | — | 2.63× | ||
| Q2 25 | — | 2.66× | ||
| Q1 25 | — | 2.67× | ||
| Q4 24 | — | 1.30× | ||
| Q3 24 | — | 1.32× |
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 | $19.3M |
| 自由现金流经营现金流 - 资本支出 | — | $8.0M |
| 自由现金流率自由现金流/营收 | — | 1.7% |
| 资本支出强度资本支出/营收 | — | 2.4% |
| 现金转化率经营现金流/净利润 | 1.55× | 0.19× |
| 过去12个月自由现金流最近4个季度 | — | $93.8M |
8季度趋势，按日历期对齐
经营现金流DLBMATV
| Q2 26 | $147.3M | — | ||
| Q1 26 | $54.8M | — | ||
| Q4 25 | $54.8M | $19.3M | ||
| Q3 25 | $472.2M | $72.8M | ||
| Q2 25 | $67.7M | $57.6M | ||
| Q1 25 | $174.9M | $-15.9M | ||
| Q4 24 | $106.8M | $24.1M | ||
| Q3 24 | $327.3M | $37.6M |
自由现金流DLBMATV
| Q2 26 | — | — | ||
| Q1 26 | — | — | ||
| Q4 25 | $50.2M | $8.0M | ||
| Q3 25 | $435.9M | $66.7M | ||
| Q2 25 | $61.3M | $48.9M | ||
| Q1 25 | $168.0M | $-29.8M | ||
| Q4 24 | $100.0M | $2.0M | ||
| Q3 24 | $297.2M | $25.5M |
自由现金流率DLBMATV
| Q2 26 | — | — | ||
| Q1 26 | — | — | ||
| Q4 25 | 14.5% | 1.7% | ||
| Q3 25 | 142.0% | 13.0% | ||
| Q2 25 | 19.4% | 9.3% | ||
| Q1 25 | 45.5% | -6.1% | ||
| Q4 24 | 28.0% | 0.4% | ||
| Q3 24 | 97.5% | 5.1% |
资本支出强度DLBMATV
| Q2 26 | — | — | ||
| Q1 26 | — | — | ||
| Q4 25 | 1.3% | 2.4% | ||
| Q3 25 | 11.8% | 1.2% | ||
| Q2 25 | 2.0% | 1.7% | ||
| Q1 25 | 1.9% | 2.9% | ||
| Q4 24 | 1.9% | 4.8% | ||
| Q3 24 | 9.8% | 2.4% |
现金转化率DLBMATV
| Q2 26 | 1.55× | — | ||
| Q1 26 | 1.03× | — | ||
| Q4 25 | 1.03× | 0.19× | ||
| Q3 25 | 9.57× | — | ||
| Q2 25 | 1.47× | — | ||
| Q1 25 | 1.91× | — | ||
| Q4 24 | 1.57× | 16.07× | ||
| Q3 24 | 5.59× | — |
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% |
MATV
| Other | $208.7M | 45% |
| SAS Segment | $157.4M | 34% |
| FAM Segment | $97.0M | 21% |
