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杜比实验室（DLB）与RESEARCH FRONTIERS INC（REFR）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RESEARCH FRONTIERS INC的4807.1倍（$346.7M vs $72.1K）。杜比实验室净利率更高（15.4% vs -1061.5%，领先1076.8%）。杜比实验室同比增速更快（-2.9% vs -59.5%）。杜比实验室自由现金流更多（$50.2M vs $-466.1K）。过去两年杜比实验室的营收复合增速更高（-2.5% vs -52.0%）
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。
Research Frontiers是一家总部位于美国纽约伍德伯里的纳米科技企业，1965年由罗伯特·萨克斯创立，创立初衷是开发从宝丽来拆分出的光线控制技术，即智能玻璃。目前公司主要研发并授权专利技术 SPD 智能玻璃，现有六名全职员工。
DLB vs REFR — 直观对比
营收规模更大
DLB
是对方的4807.1倍
$72.1K
营收增速更快
DLB
高出56.6%
-59.5%
净利率更高
DLB
高出1076.8%
-1061.5%
自由现金流更多
DLB
多$50.6M
$-466.1K
两年增速更快
DLB
近两年复合增速
-52.0%
损益表 — Q1 2026 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $346.7M | $72.1K |
| 净利润 | $53.3M | $-765.6K |
| 毛利率 | 87.5% | — |
| 营业利润率 | 17.9% | -1072.5% |
| 净利率 | 15.4% | -1061.5% |
| 营收同比 | -2.9% | -59.5% |
| 净利润同比 | -21.4% | -25.9% |
| 每股收益（稀释后） | $0.55 | $-0.02 |
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DLBREFR
| Q4 25 | $346.7M | $72.1K | ||
| Q3 25 | $307.0M | $359.4K | ||
| Q2 25 | $315.5M | $129.9K | ||
| Q1 25 | $369.6M | $559.8K | ||
| Q4 24 | $357.0M | $178.2K | ||
| Q3 24 | $304.8M | $354.4K | ||
| Q2 24 | $288.8M | $489.6K | ||
| Q1 24 | $364.5M | $313.4K |
净利润DLBREFR
| Q4 25 | $53.3M | $-765.6K | ||
| Q3 25 | $49.3M | $-298.5K | ||
| Q2 25 | $46.1M | $-803.8K | ||
| Q1 25 | $91.8M | $-177.7K | ||
| Q4 24 | $67.8M | $-607.9K | ||
| Q3 24 | $58.6M | $-166.8K | ||
| Q2 24 | $38.4M | $-94.0K | ||
| Q1 24 | $97.8M | $-442.6K |
毛利率DLBREFR
| Q4 25 | 87.5% | — | ||
| Q3 25 | 87.1% | — | ||
| Q2 25 | 86.1% | — | ||
| Q1 25 | 90.3% | — | ||
| Q4 24 | 88.6% | — | ||
| Q3 24 | 88.8% | — | ||
| Q2 24 | 87.7% | — | ||
| Q1 24 | 89.4% | — |
营业利润率DLBREFR
| Q4 25 | 17.9% | -1072.5% | ||
| Q3 25 | 9.7% | -84.6% | ||
| Q2 25 | 15.1% | -627.5% | ||
| Q1 25 | 29.2% | -42.8% | ||
| Q4 24 | 22.4% | -350.4% | ||
| Q3 24 | 15.2% | -65.4% | ||
| Q2 24 | 12.7% | -23.7% | ||
| Q1 24 | 29.9% | -149.9% |
净利率DLBREFR
| Q4 25 | 15.4% | -1061.5% | ||
| Q3 25 | 16.1% | -83.0% | ||
| Q2 25 | 14.6% | -618.8% | ||
| Q1 25 | 24.8% | -31.7% | ||
| Q4 24 | 19.0% | -341.2% | ||
| Q3 24 | 19.2% | -47.1% | ||
| Q2 24 | 13.3% | -19.2% | ||
| Q1 24 | 26.8% | -141.2% |
每股收益（稀释后）DLBREFR
| Q4 25 | $0.55 | $-0.02 | ||
| Q3 25 | $0.50 | $-0.01 | ||
| Q2 25 | $0.48 | $-0.02 | ||
| Q1 25 | $0.94 | $-0.01 | ||
| Q4 24 | $0.70 | $-0.03 | ||
| Q3 24 | $0.59 | $0.00 | ||
| Q2 24 | $0.40 | $0.00 | ||
| Q1 24 | $1.01 | $-0.01 |
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 | $664.3K |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $2.6B | $933.6K |
| 总资产 | $3.2B | $2.3M |
| 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DLBREFR
| Q4 25 | $644.6M | $664.3K | ||
| Q3 25 | $702.6M | $1.1M | ||
| Q2 25 | $699.3M | $1.3M | ||
| Q1 25 | $626.6M | $1.4M | ||
| Q4 24 | $520.8M | $2.0M | ||
| Q3 24 | $482.0M | $1.6M | ||
| Q2 24 | $869.0M | $1.9M | ||
| Q1 24 | $825.4M | $2.1M |
股东权益DLBREFR
| Q4 25 | $2.6B | $933.6K | ||
| Q3 25 | $2.6B | $1.5M | ||
| Q2 25 | $2.6B | $1.8M | ||
| Q1 25 | $2.6B | $2.4M | ||
| Q4 24 | $2.5B | $2.6M | ||
| Q3 24 | $2.5B | $2.8M | ||
| Q2 24 | $2.4B | $3.0M | ||
| Q1 24 | $2.4B | $3.1M |
总资产DLBREFR
| Q4 25 | $3.2B | $2.3M | ||
| Q3 25 | $3.2B | $2.8M | ||
| Q2 25 | $3.2B | $3.2M | ||
| Q1 25 | $3.2B | $3.8M | ||
| Q4 24 | $3.2B | $4.0M | ||
| Q3 24 | $3.1B | $3.0M | ||
| Q2 24 | $3.0B | $3.4M | ||
| Q1 24 | $3.0B | $3.5M |
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 | $-465.9K |
| 自由现金流经营现金流 - 资本支出 | $50.2M | $-466.1K |
| 自由现金流率自由现金流/营收 | 14.5% | -646.2% |
| 资本支出强度资本支出/营收 | 1.3% | 0.2% |
| 现金转化率经营现金流/净利润 | 1.03× | — |
| 过去12个月自由现金流最近4个季度 | $386.0M | $-1.3M |
8季度趋势，按日历期对齐
经营现金流DLBREFR
| Q4 25 | $54.8M | $-465.9K | ||
| Q3 25 | $122.8M | $-143.5K | ||
| Q2 25 | $67.7M | $-78.4K | ||
| Q1 25 | $174.9M | $-641.3K | ||
| Q4 24 | $106.8M | $47.1K | ||
| Q3 24 | $116.2M | $-257.9K | ||
| Q2 24 | $21.3M | $-186.9K | ||
| Q1 24 | $181.4M | $-391.1K |
自由现金流DLBREFR
| Q4 25 | $50.2M | $-466.1K | ||
| Q3 25 | $106.6M | $-143.9K | ||
| Q2 25 | $61.3M | $-78.5K | ||
| Q1 25 | $168.0M | $-641.4K | ||
| Q4 24 | $100.0M | $46.2K | ||
| Q3 24 | $108.8M | $-258.5K | ||
| Q2 24 | $13.7M | $-187.0K | ||
| Q1 24 | $172.5M | $-391.2K |
自由现金流率DLBREFR
| Q4 25 | 14.5% | -646.2% | ||
| Q3 25 | 34.7% | -40.0% | ||
| Q2 25 | 19.4% | -60.5% | ||
| Q1 25 | 45.5% | -114.6% | ||
| Q4 24 | 28.0% | 25.9% | ||
| Q3 24 | 35.7% | -72.9% | ||
| Q2 24 | 4.7% | -38.2% | ||
| Q1 24 | 47.3% | -124.8% |
资本支出强度DLBREFR
| Q4 25 | 1.3% | 0.2% | ||
| Q3 25 | 5.3% | 0.1% | ||
| Q2 25 | 2.0% | 0.1% | ||
| Q1 25 | 1.9% | 0.0% | ||
| Q4 24 | 1.9% | 0.5% | ||
| Q3 24 | 2.4% | 0.2% | ||
| Q2 24 | 2.6% | 0.0% | ||
| Q1 24 | 2.4% | 0.0% |
现金转化率DLBREFR
| Q4 25 | 1.03× | — | ||
| Q3 25 | 2.49× | — | ||
| Q2 25 | 1.47× | — | ||
| Q1 25 | 1.91× | — | ||
| Q4 24 | 1.57× | — | ||
| Q3 24 | 1.98× | — | ||
| Q2 24 | 0.55× | — | ||
| Q1 24 | 1.85× | — |
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% |
REFR
暂无分部数据
