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杜比实验室（DLB）与福尼克斯（PLAB）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福尼克斯的1.9倍（$395.6M vs $210.4M），杜比实验室净利率更高（24.0% vs 10.9%，领先13.1%），杜比实验室同比增速更快（7.1% vs -5.5%），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。
福尼克斯是美国半导体光掩模制造商，2009年时位居全球第三大光掩模供应商，同时也是电子束产业倡议组织的成员，专注于为半导体行业提供关键的掩模产品，支撑芯片制造环节的图形转移需求。
DLB vs PLAB — 直观对比
营收规模更大
DLB
是对方的1.9倍
$210.4M
营收增速更快
DLB
高出12.5%
-5.5%
净利率更高
DLB
高出13.1%
10.9%
两年增速更快
DLB
近两年复合增速
-3.8%
损益表 — Q3 FY2026 vs Q3 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $395.6M | $210.4M |
| 净利润 | $94.9M | $22.9M |
| 毛利率 | 88.7% | 33.7% |
| 营业利润率 | 28.5% | 22.9% |
| 净利率 | 24.0% | 10.9% |
| 营收同比 | 7.1% | -5.5% |
| 净利润同比 | 3.4% | -32.4% |
| 每股收益（稀释后） | $0.99 | $0.39 |
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DLBPLAB
| Q2 26 | $395.6M | — | ||
| Q1 26 | $346.7M | — | ||
| Q4 25 | $346.7M | — | ||
| Q3 25 | $307.0M | $210.4M | ||
| Q2 25 | $315.5M | $211.0M | ||
| Q1 25 | $369.6M | $212.1M | ||
| Q4 24 | $357.0M | $222.6M | ||
| Q3 24 | $304.8M | $211.0M |
净利润DLBPLAB
| Q2 26 | $94.9M | — | ||
| Q1 26 | $53.3M | — | ||
| Q4 25 | $53.3M | — | ||
| Q3 25 | $49.3M | $22.9M | ||
| Q2 25 | $46.1M | $8.9M | ||
| Q1 25 | $91.8M | $42.9M | ||
| Q4 24 | $67.8M | $33.9M | ||
| Q3 24 | $58.6M | $34.4M |
毛利率DLBPLAB
| Q2 26 | 88.7% | — | ||
| Q1 26 | 87.5% | — | ||
| Q4 25 | 87.5% | — | ||
| Q3 25 | 87.1% | 33.7% | ||
| Q2 25 | 86.1% | 36.9% | ||
| Q1 25 | 90.3% | 35.6% | ||
| Q4 24 | 88.6% | 37.0% | ||
| Q3 24 | 88.8% | 35.6% |
营业利润率DLBPLAB
| Q2 26 | 28.5% | — | ||
| Q1 26 | 17.9% | — | ||
| Q4 25 | 17.9% | — | ||
| Q3 25 | 9.7% | 22.9% | ||
| Q2 25 | 15.1% | 26.4% | ||
| Q1 25 | 29.2% | 24.6% | ||
| Q4 24 | 22.4% | 25.1% | ||
| Q3 24 | 15.2% | 24.7% |
净利率DLBPLAB
| Q2 26 | 24.0% | — | ||
| Q1 26 | 15.4% | — | ||
| Q4 25 | 15.4% | — | ||
| Q3 25 | 16.1% | 10.9% | ||
| Q2 25 | 14.6% | 4.2% | ||
| Q1 25 | 24.8% | 20.2% | ||
| Q4 24 | 19.0% | 15.2% | ||
| Q3 24 | 19.2% | 16.3% |
每股收益（稀释后）DLBPLAB
| Q2 26 | $0.99 | — | ||
| Q1 26 | $0.55 | — | ||
| Q4 25 | $0.55 | — | ||
| Q3 25 | $0.50 | $0.39 | ||
| Q2 25 | $0.48 | $0.15 | ||
| Q1 25 | $0.94 | $0.68 | ||
| Q4 24 | $0.70 | $0.54 | ||
| Q3 24 | $0.59 | $0.55 |
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 | $575.8M |
| 总债务越低越好 | — | $16.0K |
| 股东权益账面价值 | $2.6B | $1.1B |
| 总资产 | $3.2B | $1.8B |
| 负债/权益比越低杠杆越低 | — | 0.00× |
8季度趋势，按日历期对齐
现金及短期投资DLBPLAB
| Q2 26 | $594.7M | — | ||
| Q1 26 | $644.6M | — | ||
| Q4 25 | $644.6M | — | ||
| Q3 25 | $702.6M | $575.8M | ||
| Q2 25 | $699.3M | $558.4M | ||
| Q1 25 | $626.6M | $642.2M | ||
| Q4 24 | $520.8M | $640.7M | ||
| Q3 24 | $482.0M | $606.4M |
总债务DLBPLAB
| Q2 26 | — | — | ||
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | $16.0K | ||
| Q2 25 | — | $19.0K | ||
| Q1 25 | — | $21.0K | ||
| Q4 24 | — | $25.0K | ||
| Q3 24 | — | $28.0K |
股东权益DLBPLAB
| Q2 26 | $2.6B | — | ||
| Q1 26 | $2.6B | — | ||
| Q4 25 | $2.6B | — | ||
| Q3 25 | $2.6B | $1.1B | ||
| Q2 25 | $2.6B | $1.1B | ||
| Q1 25 | $2.6B | $1.1B | ||
| Q4 24 | $2.5B | $1.1B | ||
| Q3 24 | $2.5B | $1.1B |
总资产DLBPLAB
| Q2 26 | $3.2B | — | ||
| Q1 26 | $3.2B | — | ||
| Q4 25 | $3.2B | — | ||
| Q3 25 | $3.2B | $1.8B | ||
| Q2 25 | $3.2B | $1.7B | ||
| Q1 25 | $3.2B | $1.7B | ||
| Q4 24 | $3.2B | $1.7B | ||
| Q3 24 | $3.1B | $1.6B |
负债/权益比DLBPLAB
| Q2 26 | — | — | ||
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | 0.00× | ||
| Q2 25 | — | 0.00× | ||
| Q1 25 | — | 0.00× | ||
| Q4 24 | — | 0.00× | ||
| Q3 24 | — | 0.00× |
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 | $50.1M |
| 自由现金流经营现金流 - 资本支出 | — | $25.2M |
| 自由现金流率自由现金流/营收 | — | 12.0% |
| 资本支出强度资本支出/营收 | — | 11.8% |
| 现金转化率经营现金流/净利润 | 1.55× | 2.19× |
| 过去12个月自由现金流最近4个季度 | — | $64.5M |
8季度趋势，按日历期对齐
经营现金流DLBPLAB
| Q2 26 | $147.3M | — | ||
| Q1 26 | $54.8M | — | ||
| Q4 25 | $54.8M | — | ||
| Q3 25 | $472.2M | $50.1M | ||
| Q2 25 | $67.7M | $31.5M | ||
| Q1 25 | $174.9M | $78.5M | ||
| Q4 24 | $106.8M | $68.4M | ||
| Q3 24 | $327.3M | $75.1M |
自由现金流DLBPLAB
| Q2 26 | — | — | ||
| Q1 26 | — | — | ||
| Q4 25 | $50.2M | — | ||
| Q3 25 | $435.9M | $25.2M | ||
| Q2 25 | $61.3M | $-29.1M | ||
| Q1 25 | $168.0M | $43.3M | ||
| Q4 24 | $100.0M | $25.2M | ||
| Q3 24 | $297.2M | $50.7M |
自由现金流率DLBPLAB
| Q2 26 | — | — | ||
| Q1 26 | — | — | ||
| Q4 25 | 14.5% | — | ||
| Q3 25 | 142.0% | 12.0% | ||
| Q2 25 | 19.4% | -13.8% | ||
| Q1 25 | 45.5% | 20.4% | ||
| Q4 24 | 28.0% | 11.3% | ||
| Q3 24 | 97.5% | 24.0% |
资本支出强度DLBPLAB
| Q2 26 | — | — | ||
| Q1 26 | — | — | ||
| Q4 25 | 1.3% | — | ||
| Q3 25 | 11.8% | 11.8% | ||
| Q2 25 | 2.0% | 28.7% | ||
| Q1 25 | 1.9% | 16.6% | ||
| Q4 24 | 1.9% | 19.4% | ||
| Q3 24 | 9.8% | 11.6% |
现金转化率DLBPLAB
| Q2 26 | 1.55× | — | ||
| Q1 26 | 1.03× | — | ||
| Q4 25 | 1.03× | — | ||
| Q3 25 | 9.57× | 2.19× | ||
| Q2 25 | 1.47× | 3.55× | ||
| Q1 25 | 1.91× | 1.83× | ||
| Q4 24 | 1.57× | 2.02× | ||
| Q3 24 | 5.59× | 2.18× |
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% |
PLAB
| High End Integrated Circuits | $53.6M | 25% |
| High End Flat Panel Displays | $53.5M | 25% |
| KR | $43.7M | 21% |
| Other | $42.1M | 20% |
| Mainstream Flat Panel Displays | $9.1M | 4% |
| Transferred At Point In Time | $8.4M | 4% |
