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杜比实验室（DLB）与RBC Bearings INC（RBC）财务数据对比。点击上方公司名可切换其他公司
RBC Bearings INC的季度营收约是杜比实验室的1.3倍（$461.6M vs $346.7M），杜比实验室净利率更高（15.4% vs 14.6%，领先0.8%），RBC Bearings INC同比增速更快（17.0% vs -2.9%），过去两年杜比实验室的营收复合增速更高（9.6% vs 5.6%）
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。
该文本实际介绍的并非RBC Bearings，而是美国多佛公司。多佛是一家工业产品综合制造商，1955年成立，总部位于伊利诺伊州当纳斯格罗夫。2021年其业务分为五大板块：工程产品、清洁能源与加注、成像与识别、泵与工艺解决方案、气候与可持续技术，是标普500成分股，在纽约证券交易所上市。
DLB vs RBC — 直观对比
营收规模更大
RBC
是对方的1.3倍
$346.7M
营收增速更快
RBC
高出19.9%
-2.9%
净利率更高
DLB
高出0.8%
14.6%
两年增速更快
DLB
近两年复合增速
5.6%
损益表 — Q2 FY2026 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $346.7M | $461.6M |
| 净利润 | $53.3M | $67.4M |
| 毛利率 | 87.5% | 44.3% |
| 营业利润率 | 17.9% | 22.3% |
| 净利率 | 15.4% | 14.6% |
| 营收同比 | -2.9% | 17.0% |
| 净利润同比 | -21.4% | 16.4% |
| 每股收益（稀释后） | $0.55 | $2.13 |
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DLBRBC
| Q1 26 | $346.7M | — | ||
| Q4 25 | $346.7M | $461.6M | ||
| Q3 25 | $307.0M | $455.3M | ||
| Q2 25 | $315.5M | $436.0M | ||
| Q1 25 | $369.6M | $437.7M | ||
| Q4 24 | $357.0M | $394.4M | ||
| Q3 24 | $304.8M | $397.9M | ||
| Q2 24 | $288.8M | $406.3M |
净利润DLBRBC
| Q1 26 | $53.3M | — | ||
| Q4 25 | $53.3M | $67.4M | ||
| Q3 25 | $49.3M | $60.0M | ||
| Q2 25 | $46.1M | $68.5M | ||
| Q1 25 | $91.8M | $72.7M | ||
| Q4 24 | $67.8M | $57.9M | ||
| Q3 24 | $58.6M | $54.2M | ||
| Q2 24 | $38.4M | $61.4M |
毛利率DLBRBC
| Q1 26 | 87.5% | — | ||
| Q4 25 | 87.5% | 44.3% | ||
| Q3 25 | 87.1% | 44.1% | ||
| Q2 25 | 86.1% | 44.8% | ||
| Q1 25 | 90.3% | 44.2% | ||
| Q4 24 | 88.6% | 44.3% | ||
| Q3 24 | 88.8% | 43.7% | ||
| Q2 24 | 87.7% | 45.3% |
营业利润率DLBRBC
| Q1 26 | 17.9% | — | ||
| Q4 25 | 17.9% | 22.3% | ||
| Q3 25 | 9.7% | 21.5% | ||
| Q2 25 | 15.1% | 23.2% | ||
| Q1 25 | 29.2% | 23.0% | ||
| Q4 24 | 22.4% | 21.7% | ||
| Q3 24 | 15.2% | 21.6% | ||
| Q2 24 | 12.7% | 24.0% |
净利率DLBRBC
| Q1 26 | 15.4% | — | ||
| Q4 25 | 15.4% | 14.6% | ||
| Q3 25 | 16.1% | 13.2% | ||
| Q2 25 | 14.6% | 15.7% | ||
| Q1 25 | 24.8% | 16.6% | ||
| Q4 24 | 19.0% | 14.7% | ||
| Q3 24 | 19.2% | 13.6% | ||
| Q2 24 | 13.3% | 15.1% |
每股收益（稀释后）DLBRBC
| Q1 26 | $0.55 | — | ||
| Q4 25 | $0.55 | $2.13 | ||
| Q3 25 | $0.50 | $1.90 | ||
| Q2 25 | $0.48 | $2.17 | ||
| Q1 25 | $0.94 | $2.33 | ||
| Q4 24 | $0.70 | $1.82 | ||
| Q3 24 | $0.59 | $1.65 | ||
| Q2 24 | $0.40 | $1.90 |
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 | $107.6M |
| 总债务越低越好 | — | $990.2M |
| 股东权益账面价值 | $2.6B | $3.3B |
| 总资产 | $3.2B | $5.1B |
| 负债/权益比越低杠杆越低 | — | 0.30× |
8季度趋势，按日历期对齐
现金及短期投资DLBRBC
| Q1 26 | $644.6M | — | ||
| Q4 25 | $644.6M | $107.6M | ||
| Q3 25 | $702.6M | $91.2M | ||
| Q2 25 | $699.3M | $132.9M | ||
| Q1 25 | $626.6M | $36.8M | ||
| Q4 24 | $520.8M | — | ||
| Q3 24 | $482.0M | — | ||
| Q2 24 | $869.0M | $76.8M |
总债务DLBRBC
| Q1 26 | — | — | ||
| Q4 25 | — | $990.2M | ||
| Q3 25 | — | $1.1B | ||
| Q2 25 | — | $915.6M | ||
| Q1 25 | — | $920.1M | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
股东权益DLBRBC
| Q1 26 | $2.6B | — | ||
| Q4 25 | $2.6B | $3.3B | ||
| Q3 25 | $2.6B | $3.2B | ||
| Q2 25 | $2.6B | $3.1B | ||
| Q1 25 | $2.6B | $3.0B | ||
| Q4 24 | $2.5B | $2.9B | ||
| Q3 24 | $2.5B | $2.9B | ||
| Q2 24 | $2.4B | $2.8B |
总资产DLBRBC
| Q1 26 | $3.2B | — | ||
| Q4 25 | $3.2B | $5.1B | ||
| Q3 25 | $3.2B | $5.1B | ||
| Q2 25 | $3.2B | $4.8B | ||
| Q1 25 | $3.2B | $4.7B | ||
| Q4 24 | $3.2B | $4.7B | ||
| Q3 24 | $3.1B | $4.7B | ||
| Q2 24 | $3.0B | $4.7B |
负债/权益比DLBRBC
| Q1 26 | — | — | ||
| Q4 25 | — | 0.30× | ||
| Q3 25 | — | 0.34× | ||
| Q2 25 | — | 0.29× | ||
| Q1 25 | — | 0.30× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
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 | $122.1M |
| 自由现金流经营现金流 - 资本支出 | — | $99.1M |
| 自由现金流率自由现金流/营收 | — | 21.5% |
| 资本支出强度资本支出/营收 | — | 5.0% |
| 现金转化率经营现金流/净利润 | 1.03× | 1.81× |
| 过去12个月自由现金流最近4个季度 | — | — |
8季度趋势，按日历期对齐
经营现金流DLBRBC
| Q1 26 | $54.8M | — | ||
| Q4 25 | $54.8M | $122.1M | ||
| Q3 25 | $472.2M | $88.4M | ||
| Q2 25 | $67.7M | $120.0M | ||
| Q1 25 | $174.9M | — | ||
| Q4 24 | $106.8M | $84.0M | ||
| Q3 24 | $327.3M | — | ||
| Q2 24 | $21.3M | $97.4M |
自由现金流DLBRBC
| Q1 26 | — | — | ||
| Q4 25 | $50.2M | $99.1M | ||
| Q3 25 | $435.9M | $71.7M | ||
| Q2 25 | $61.3M | $104.3M | ||
| Q1 25 | $168.0M | — | ||
| Q4 24 | $100.0M | $73.6M | ||
| Q3 24 | $297.2M | — | ||
| Q2 24 | $13.7M | $88.4M |
自由现金流率DLBRBC
| Q1 26 | — | — | ||
| Q4 25 | 14.5% | 21.5% | ||
| Q3 25 | 142.0% | 15.7% | ||
| Q2 25 | 19.4% | 23.9% | ||
| Q1 25 | 45.5% | — | ||
| Q4 24 | 28.0% | 18.7% | ||
| Q3 24 | 97.5% | — | ||
| Q2 24 | 4.7% | 21.8% |
资本支出强度DLBRBC
| Q1 26 | — | — | ||
| Q4 25 | 1.3% | 5.0% | ||
| Q3 25 | 11.8% | 3.7% | ||
| Q2 25 | 2.0% | 3.6% | ||
| Q1 25 | 1.9% | 3.2% | ||
| Q4 24 | 1.9% | 2.6% | ||
| Q3 24 | 9.8% | 4.1% | ||
| Q2 24 | 2.6% | 2.2% |
现金转化率DLBRBC
| Q1 26 | 1.03× | — | ||
| Q4 25 | 1.03× | 1.81× | ||
| Q3 25 | 9.57× | 1.47× | ||
| Q2 25 | 1.47× | 1.75× | ||
| Q1 25 | 1.91× | — | ||
| Q4 24 | 1.57× | 1.45× | ||
| Q3 24 | 5.59× | — | ||
| Q2 24 | 0.55× | 1.59× |
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 | $319.8M | 92% |
| Products and services | $26.9M | 8% |
RBC
| Domestic | $413.3M | 90% |
| Foreign | $48.3M | 10% |
