vs
杜比实验室（DLB）与Rocket Lab Corp（RKLB）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Rocket Lab Corp的2.2倍（$395.6M vs $179.7M），杜比实验室净利率更高（24.0% vs -29.5%，领先53.4%），Rocket Lab Corp同比增速更快（35.7% vs 7.1%），过去两年Rocket Lab Corp的营收复合增速更高（39.2% vs 13.9%）
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。
Rocket Lab是公开上市的航空航天制造商及发射服务提供商，旗下Electron轨道火箭主打小型卫星发射，截至2026年1月已成功完成超75次任务，是全球现役发射次数最多的小型运载火箭。公司还开发了Electron的亚轨道改型HASTE用作高超音速技术测试平台，下一代可复用中型运载火箭Neutron目前也在研发中。
DLB vs RKLB — 直观对比
营收规模更大
DLB
是对方的2.2倍
$179.7M
营收增速更快
RKLB
高出28.6%
7.1%
净利率更高
DLB
高出53.4%
-29.5%
两年增速更快
RKLB
近两年复合增速
13.9%
损益表 — Q3 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $395.6M | $179.7M |
| 净利润 | $94.9M | $-52.9M |
| 毛利率 | 88.7% | 38.0% |
| 营业利润率 | 28.5% | -28.4% |
| 净利率 | 24.0% | -29.5% |
| 营收同比 | 7.1% | 35.7% |
| 净利润同比 | 3.4% | -1.1% |
| 每股收益（稀释后） | $0.99 | $-0.09 |
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DLBRKLB
| Q2 26 | $395.6M | — | ||
| Q1 26 | $346.7M | — | ||
| Q4 25 | $346.7M | $179.7M | ||
| Q3 25 | $307.0M | $155.1M | ||
| Q2 25 | $315.5M | $144.5M | ||
| Q1 25 | $369.6M | $122.6M | ||
| Q4 24 | $357.0M | $132.4M | ||
| Q3 24 | $304.8M | $104.8M |
净利润DLBRKLB
| Q2 26 | $94.9M | — | ||
| Q1 26 | $53.3M | — | ||
| Q4 25 | $53.3M | $-52.9M | ||
| Q3 25 | $49.3M | $-18.3M | ||
| Q2 25 | $46.1M | $-66.4M | ||
| Q1 25 | $91.8M | $-60.6M | ||
| Q4 24 | $67.8M | $-52.3M | ||
| Q3 24 | $58.6M | $-51.9M |
毛利率DLBRKLB
| Q2 26 | 88.7% | — | ||
| Q1 26 | 87.5% | — | ||
| Q4 25 | 87.5% | 38.0% | ||
| Q3 25 | 87.1% | 37.0% | ||
| Q2 25 | 86.1% | 32.1% | ||
| Q1 25 | 90.3% | 28.8% | ||
| Q4 24 | 88.6% | 27.8% | ||
| Q3 24 | 88.8% | 26.7% |
营业利润率DLBRKLB
| Q2 26 | 28.5% | — | ||
| Q1 26 | 17.9% | — | ||
| Q4 25 | 17.9% | -28.4% | ||
| Q3 25 | 9.7% | -38.0% | ||
| Q2 25 | 15.1% | -41.3% | ||
| Q1 25 | 29.2% | -48.3% | ||
| Q4 24 | 22.4% | -38.9% | ||
| Q3 24 | 15.2% | -49.5% |
净利率DLBRKLB
| Q2 26 | 24.0% | — | ||
| Q1 26 | 15.4% | — | ||
| Q4 25 | 15.4% | -29.5% | ||
| Q3 25 | 16.1% | -11.8% | ||
| Q2 25 | 14.6% | -46.0% | ||
| Q1 25 | 24.8% | -49.5% | ||
| Q4 24 | 19.0% | -39.5% | ||
| Q3 24 | 19.2% | -49.6% |
每股收益（稀释后）DLBRKLB
| Q2 26 | $0.99 | — | ||
| Q1 26 | $0.55 | — | ||
| Q4 25 | $0.55 | $-0.09 | ||
| Q3 25 | $0.50 | $-0.03 | ||
| Q2 25 | $0.48 | $-0.13 | ||
| Q1 25 | $0.94 | $-0.12 | ||
| Q4 24 | $0.70 | $-0.11 | ||
| Q3 24 | $0.59 | $-0.10 |
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 | $1.0B |
| 总债务越低越好 | — | $152.4M |
| 股东权益账面价值 | $2.6B | $1.7B |
| 总资产 | $3.2B | $2.3B |
| 负债/权益比越低杠杆越低 | — | 0.09× |
8季度趋势，按日历期对齐
现金及短期投资DLBRKLB
| Q2 26 | $594.7M | — | ||
| Q1 26 | $644.6M | — | ||
| Q4 25 | $644.6M | $1.0B | ||
| Q3 25 | $702.6M | $976.7M | ||
| Q2 25 | $699.3M | $688.1M | ||
| Q1 25 | $626.6M | $428.4M | ||
| Q4 24 | $520.8M | $419.0M | ||
| Q3 24 | $482.0M | $442.4M |
总债务DLBRKLB
| Q2 26 | — | — | ||
| Q1 26 | — | — | ||
| Q4 25 | — | $152.4M | ||
| Q3 25 | — | $347.0M | ||
| Q2 25 | — | $346.5M | ||
| Q1 25 | — | $345.9M | ||
| Q4 24 | — | $345.4M | ||
| Q3 24 | — | $61.2M |
股东权益DLBRKLB
| Q2 26 | $2.6B | — | ||
| Q1 26 | $2.6B | — | ||
| Q4 25 | $2.6B | $1.7B | ||
| Q3 25 | $2.6B | $1.3B | ||
| Q2 25 | $2.6B | $688.5M | ||
| Q1 25 | $2.6B | $431.3M | ||
| Q4 24 | $2.5B | $382.5M | ||
| Q3 24 | $2.5B | $419.8M |
总资产DLBRKLB
| Q2 26 | $3.2B | — | ||
| Q1 26 | $3.2B | — | ||
| Q4 25 | $3.2B | $2.3B | ||
| Q3 25 | $3.2B | $2.2B | ||
| Q2 25 | $3.2B | $1.6B | ||
| Q1 25 | $3.2B | $1.3B | ||
| Q4 24 | $3.2B | $1.2B | ||
| Q3 24 | $3.1B | $1.2B |
负债/权益比DLBRKLB
| Q2 26 | — | — | ||
| Q1 26 | — | — | ||
| Q4 25 | — | 0.09× | ||
| Q3 25 | — | 0.27× | ||
| Q2 25 | — | 0.50× | ||
| Q1 25 | — | 0.80× | ||
| Q4 24 | — | 0.90× | ||
| Q3 24 | — | 0.15× |
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 | $-64.5M |
| 自由现金流经营现金流 - 资本支出 | — | $-114.2M |
| 自由现金流率自由现金流/营收 | — | -63.6% |
| 资本支出强度资本支出/营收 | — | 27.6% |
| 现金转化率经营现金流/净利润 | 1.55× | — |
| 过去12个月自由现金流最近4个季度 | — | $-321.8M |
8季度趋势，按日历期对齐
经营现金流DLBRKLB
| Q2 26 | $147.3M | — | ||
| Q1 26 | $54.8M | — | ||
| Q4 25 | $54.8M | $-64.5M | ||
| Q3 25 | $472.2M | $-23.5M | ||
| Q2 25 | $67.7M | $-23.2M | ||
| Q1 25 | $174.9M | $-54.2M | ||
| Q4 24 | $106.8M | $-2.4M | ||
| Q3 24 | $327.3M | $-30.9M |
自由现金流DLBRKLB
| Q2 26 | — | — | ||
| Q1 26 | — | — | ||
| Q4 25 | $50.2M | $-114.2M | ||
| Q3 25 | $435.9M | $-69.4M | ||
| Q2 25 | $61.3M | $-55.3M | ||
| Q1 25 | $168.0M | $-82.9M | ||
| Q4 24 | $100.0M | $-23.9M | ||
| Q3 24 | $297.2M | $-41.9M |
自由现金流率DLBRKLB
| Q2 26 | — | — | ||
| Q1 26 | — | — | ||
| Q4 25 | 14.5% | -63.6% | ||
| Q3 25 | 142.0% | -44.8% | ||
| Q2 25 | 19.4% | -38.3% | ||
| Q1 25 | 45.5% | -67.6% | ||
| Q4 24 | 28.0% | -18.1% | ||
| Q3 24 | 97.5% | -40.0% |
资本支出强度DLBRKLB
| Q2 26 | — | — | ||
| Q1 26 | — | — | ||
| Q4 25 | 1.3% | 27.6% | ||
| Q3 25 | 11.8% | 29.6% | ||
| Q2 25 | 2.0% | 22.2% | ||
| Q1 25 | 1.9% | 23.4% | ||
| Q4 24 | 1.9% | 16.3% | ||
| Q3 24 | 9.8% | 10.5% |
现金转化率DLBRKLB
| Q2 26 | 1.55× | — | ||
| Q1 26 | 1.03× | — | ||
| Q4 25 | 1.03× | — | ||
| Q3 25 | 9.57× | — | ||
| Q2 25 | 1.47× | — | ||
| Q1 25 | 1.91× | — | ||
| Q4 24 | 1.57× | — | ||
| 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% |
RKLB
| Products | $94.0M | 52% |
| Transferred Over Time | $87.3M | 49% |
