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杜比实验室（DLB）与OLYMPIC STEEL INC（ZEUS）财务数据对比。点击上方公司名可切换其他公司
OLYMPIC STEEL INC的季度营收约是杜比实验室的1.4倍（$490.7M vs $346.7M），杜比实验室净利率更高（15.4% vs 0.4%，领先14.9%），OLYMPIC STEEL INC同比增速更快（4.4% vs -2.9%），杜比实验室自由现金流更多（$50.2M vs $-12.9M），过去两年OLYMPIC STEEL INC的营收复合增速更高（0.1% vs -2.5%）
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。
奥林匹克钢铁公司是一家总部位于美国俄亥俄州克利夫兰的金属加工配送服务商，主要在美国境内加工分销碳钢板、镀层钢板、不锈钢平轧板材卷材、铝合金、镀锡板等各类金属产品以及金属深加工品牌产品，可提供调质、矫平、裁切、分卷、成型、喷砂、激光加工等多种增值加工服务。
DLB vs ZEUS — 直观对比
营收规模更大
ZEUS
是对方的1.4倍
$346.7M
营收增速更快
ZEUS
高出7.3%
-2.9%
净利率更高
DLB
高出14.9%
0.4%
自由现金流更多
DLB
多$63.0M
$-12.9M
两年增速更快
ZEUS
近两年复合增速
-2.5%
损益表 — Q1 FY2026 vs Q3 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $346.7M | $490.7M |
| 净利润 | $53.3M | $2.2M |
| 毛利率 | 87.5% | — |
| 营业利润率 | 17.9% | 1.5% |
| 净利率 | 15.4% | 0.4% |
| 营收同比 | -2.9% | 4.4% |
| 净利润同比 | -21.4% | -21.2% |
| 每股收益（稀释后） | $0.55 | $0.18 |
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DLBZEUS
| Q4 25 | $346.7M | — | ||
| Q3 25 | $307.0M | $490.7M | ||
| Q2 25 | $315.5M | $496.5M | ||
| Q1 25 | $369.6M | $492.9M | ||
| Q4 24 | $357.0M | $418.8M | ||
| Q3 24 | $304.8M | $470.0M | ||
| Q2 24 | $288.8M | $526.3M | ||
| Q1 24 | $364.5M | $526.6M |
净利润DLBZEUS
| Q4 25 | $53.3M | — | ||
| Q3 25 | $49.3M | $2.2M | ||
| Q2 25 | $46.1M | $5.2M | ||
| Q1 25 | $91.8M | $2.5M | ||
| Q4 24 | $67.8M | $3.9M | ||
| Q3 24 | $58.6M | $2.7M | ||
| Q2 24 | $38.4M | $7.7M | ||
| Q1 24 | $97.8M | $8.7M |
毛利率DLBZEUS
| 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DLBZEUS
| Q4 25 | 17.9% | — | ||
| Q3 25 | 9.7% | 1.5% | ||
| Q2 25 | 15.1% | 2.3% | ||
| Q1 25 | 29.2% | 1.6% | ||
| Q4 24 | 22.4% | 2.1% | ||
| Q3 24 | 15.2% | 1.7% | ||
| Q2 24 | 12.7% | 2.9% | ||
| Q1 24 | 29.9% | 3.0% |
净利率DLBZEUS
| Q4 25 | 15.4% | — | ||
| Q3 25 | 16.1% | 0.4% | ||
| Q2 25 | 14.6% | 1.1% | ||
| Q1 25 | 24.8% | 0.5% | ||
| Q4 24 | 19.0% | 0.9% | ||
| Q3 24 | 19.2% | 0.6% | ||
| Q2 24 | 13.3% | 1.5% | ||
| Q1 24 | 26.8% | 1.7% |
每股收益（稀释后）DLBZEUS
| Q4 25 | $0.55 | — | ||
| Q3 25 | $0.50 | $0.18 | ||
| Q2 25 | $0.48 | $0.45 | ||
| Q1 25 | $0.94 | $0.21 | ||
| Q4 24 | $0.70 | $0.33 | ||
| Q3 24 | $0.59 | $0.23 | ||
| Q2 24 | $0.40 | $0.66 | ||
| Q1 24 | $1.01 | $0.75 |
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 | $7.5M |
| 总债务越低越好 | — | $240.9M |
| 股东权益账面价值 | $2.6B | $579.1M |
| 总资产 | $3.2B | $1.1B |
| 负债/权益比越低杠杆越低 | — | 0.42× |
8季度趋势，按日历期对齐
现金及短期投资DLBZEUS
| Q4 25 | $644.6M | — | ||
| Q3 25 | $702.6M | $7.5M | ||
| Q2 25 | $699.3M | $14.8M | ||
| Q1 25 | $626.6M | $13.3M | ||
| Q4 24 | $520.8M | $11.9M | ||
| Q3 24 | $482.0M | $11.1M | ||
| Q2 24 | $869.0M | $9.4M | ||
| Q1 24 | $825.4M | $10.3M |
总债务DLBZEUS
| Q4 25 | — | — | ||
| Q3 25 | — | $240.9M | ||
| Q2 25 | — | $233.2M | ||
| Q1 25 | — | $235.4M | ||
| Q4 24 | — | $272.5M | ||
| Q3 24 | — | $197.3M | ||
| Q2 24 | — | $209.2M | ||
| Q1 24 | — | $196.8M |
股东权益DLBZEUS
| Q4 25 | $2.6B | — | ||
| Q3 25 | $2.6B | $579.1M | ||
| Q2 25 | $2.6B | $578.2M | ||
| Q1 25 | $2.6B | $574.2M | ||
| Q4 24 | $2.5B | $573.9M | ||
| Q3 24 | $2.5B | $570.6M | ||
| Q2 24 | $2.4B | $569.5M | ||
| Q1 24 | $2.4B | $563.0M |
总资产DLBZEUS
| Q4 25 | $3.2B | — | ||
| Q3 25 | $3.2B | $1.1B | ||
| Q2 25 | $3.2B | $1.1B | ||
| Q1 25 | $3.2B | $1.1B | ||
| Q4 24 | $3.2B | $1.0B | ||
| Q3 24 | $3.1B | $1.0B | ||
| Q2 24 | $3.0B | $1.0B | ||
| Q1 24 | $3.0B | $1.0B |
负债/权益比DLBZEUS
| Q4 25 | — | — | ||
| Q3 25 | — | 0.42× | ||
| Q2 25 | — | 0.40× | ||
| Q1 25 | — | 0.41× | ||
| Q4 24 | — | 0.47× | ||
| Q3 24 | — | 0.35× | ||
| Q2 24 | — | 0.37× | ||
| Q1 24 | — | 0.35× |
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 | $-5.4M |
| 自由现金流经营现金流 - 资本支出 | $50.2M | $-12.9M |
| 自由现金流率自由现金流/营收 | 14.5% | -2.6% |
| 资本支出强度资本支出/营收 | 1.3% | 1.5% |
| 现金转化率经营现金流/净利润 | 1.03× | -2.50× |
| 过去12个月自由现金流最近4个季度 | $715.3M | $41.9M |
8季度趋势，按日历期对齐
经营现金流DLBZEUS
| Q4 25 | $54.8M | — | ||
| Q3 25 | $472.2M | $-5.4M | ||
| Q2 25 | $67.7M | $15.5M | ||
| Q1 25 | $174.9M | $49.4M | ||
| Q4 24 | $106.8M | $14.6M | ||
| Q3 24 | $327.3M | $24.6M | ||
| Q2 24 | $21.3M | $-2.9M | ||
| Q1 24 | $181.4M | $-2.6M |
自由现金流DLBZEUS
| Q4 25 | $50.2M | — | ||
| Q3 25 | $435.9M | $-12.9M | ||
| Q2 25 | $61.3M | $6.8M | ||
| Q1 25 | $168.0M | $40.6M | ||
| Q4 24 | $100.0M | $7.4M | ||
| Q3 24 | $297.2M | $15.6M | ||
| Q2 24 | $13.7M | $-11.3M | ||
| Q1 24 | $172.5M | $-7.4M |
自由现金流率DLBZEUS
| Q4 25 | 14.5% | — | ||
| Q3 25 | 142.0% | -2.6% | ||
| Q2 25 | 19.4% | 1.4% | ||
| Q1 25 | 45.5% | 8.2% | ||
| Q4 24 | 28.0% | 1.8% | ||
| Q3 24 | 97.5% | 3.3% | ||
| Q2 24 | 4.7% | -2.2% | ||
| Q1 24 | 47.3% | -1.4% |
资本支出强度DLBZEUS
| Q4 25 | 1.3% | — | ||
| Q3 25 | 11.8% | 1.5% | ||
| Q2 25 | 2.0% | 1.7% | ||
| Q1 25 | 1.9% | 1.8% | ||
| Q4 24 | 1.9% | 1.7% | ||
| Q3 24 | 9.8% | 1.9% | ||
| Q2 24 | 2.6% | 1.6% | ||
| Q1 24 | 2.4% | 0.9% |
现金转化率DLBZEUS
| Q4 25 | 1.03× | — | ||
| Q3 25 | 9.57× | -2.50× | ||
| Q2 25 | 1.47× | 2.96× | ||
| Q1 25 | 1.91× | 19.70× | ||
| Q4 24 | 1.57× | 3.75× | ||
| Q3 24 | 5.59× | 9.01× | ||
| Q2 24 | 0.55× | -0.38× | ||
| Q1 24 | 1.85× | -0.30× |
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% |
ZEUS
| Carbon Flat Products | $268.2M | 55% |
| Specialty Metals Flat Products | $140.9M | 29% |
| Tubular And Pipe Products | $81.6M | 17% |
