Dolby Laboratories, Inc.

Dolby Laboratories, Inc.

DLB
Dolby Laboratories, Inc.US flagNew York Stock Exchange
62.39
USD
+0.02
- -
5.94BMarket Cap
Dolby Laboratories, Inc.
DLB
(New York Stock Exchange)

Recent

price

62.39

P/E

ratio

- -

div

yld

- -

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
FRC
8.13
8.62
8.73
8.93
9.4
9.48
10.18
10.61
10.2
12.22
11.55
12.66
12.54
13.57
13.33
14.07
14.24
Revenue per Share
2.5
2.78
2.47
1.86
2.02
1.77
1.85
2.03
0.4
2.51
2.3
3.07
1.84
2.1
2.74
2.66
0.3
Basic EPS, GAAP
2.55
3.2
2.08
2.41
2.43
1.12
1.37
2.68
2.58
2.11
2.73
3.89
2.59
3.52
3.11
4.49
3.68
Free Cash Flow per Basic Share
- -
- -
- -
4.01
- -
0.4
0.48
0.56
0.64
0.76
0.88
0.88
1
1.08
1.2
1.32
1.41
Dividend per Share
13.15
15.2
16.69
14.56
16.72
17.89
19.43
20.92
22.9
23.04
24.25
25.7
23.43
24.59
25.97
27.47
27.59
Book Value per Share
10.19
12.33
13.41
11.4
13.38
13.58
14.25
16.01
17.94
17.89
19.38
21.12
18.45
18.58
15.82
17.76
17.86
Tangible Book Value per Share
113
111
107
102
102
102
101
102
103
102
101
101
100
96
96
96
95
Basic Weighted Avg Shares
923
961
933
910
960
971
1,026
1,080
1,055
1,242
1,162
1,281
1,254
1,300
1,274
1,349
1,354
Sales/Revenue/Turnover
47.3
45.07
38.93
27.61
28.76
21.96
22.72
24.07
17.36
23.65
18.98
26.6
17.33
20.22
20.78
20.75
19.33
Operating Margin (%)
35
44
44
53
53
69
85
84
81
85
112
113
104
96
87
99
103
Depreciation Expense
283
309
264
189
206
181
186
206
42
255
231
310
184
201
262
255
29
Net Income, GAAP
35.28
29.52
28.15
24.08
24.4
25.45
20.98
18.83
78.46
9.49
3.38
10.35
14.58
19.36
15.41
15.48
17.62
Effective Tax Rate (%)
30.72
32.18
28.33
20.81
21.47
18.69
18.12
19.12
3.96
20.55
19.91
24.21
14.68
15.44
20.56
18.9
2.11
Profit Margin (%)
895
999
813
646
816
612
547
766
1,211
1,075
1,280
1,445
1,033
1,066
777
950
910
Working Capital
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
65
57
38
37
35
28
38
LT Debt
1,495
1,685
1,743
1,500
1,732
1,816
1,979
2,144
2,371
2,313
2,438
2,604
2,251
2,372
2,487
2,632
2,593
Total Equity
19.65
19.15
15.21
11.74
12.9
8.96
9.71
10.24
1.75
11.37
8.85
11.8
7.48
9
9.04
9.08
8.16
Return on Invested Capital (%)
19.86
19.41
15.38
11.63
12.6
10.13
9.77
9.99
1.83
10.89
9.57
11.67
7.42
8.45
10.46
9.74
1.01
Return on Capital (%)
20.14
19.72
15.62
11.82
12.92
10.31
9.84
10.06
1.86
10.92
9.76
12.33
7.6
8.72
10.84
10
1.1
Return on Common Equity (%)

Capital Structure

FRC

in mil. unless spec.
Dec'26
Mar'26
Jun'26
ST Debt
10
10
10
LT Borrowings
- -
- -
- -
LT Finance Leases
30
40
38
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
96
95
94
Market Capitalization
6,135
5,681
4,924

Working Capital

FRC

in mil. unless spec.
Dec'26
Mar'26
Jun'26
Total Current Assets
1,408
1,415
1,326
Cash, Cash Equivalents & STI
645
595
670
Accounts Receivable, Net
373
391
285
Inventories
31
32
31
Total Current Liabilities
444
475
416
Payables & Accruals
316
338
280
ST Debt
10
10
10
Deferred Revenue
37
39
34

Growth Rates

FRC

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
4.02%
1.86%
5.83%
Free Cash Flow
19.65%
14.39%
44.75%
Net Income, GAAP
46.6%
6.06%
-2.6%
Sales/Revenue/Turnover
3.56%
3.14%
5.92%
Total Cash Common Dividend
12.08%
7.5%
10.49%

Quarterly Revenue

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
316
365
289
305
1,274
2025
357
370
316
307
1,349
2026
347
396
305
- -
- -

Quarterly Earnings Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
2.74
2025
- -
- -
- -
- -
2.66
2026
- -
- -
0.3
- -
- -

Quarterly Dividends Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.3
0.3
0.3
0.3
1.2
2025
0.33
0.33
0.33
0.33
1.32
2026
0.36
0.36
0.36
- -
- -
Business
Dolby Laboratories, Inc. develops pioneering audio and imaging technologies that redefine entertainment and communication experiences across an expansive array of platforms. The company engineers and licenses a comprehensive suite of digital audio solutions, including Dolby AC-4, designed to deliver advanced audio to diverse playback environments. Its acclaimed sound technologies feature Dolby Atmos, recognized for its immersive, three-dimensional audio for cinematic presentations and a growing number of consumer devices. Additional audio codecs like Dolby Digital, Dolby Digital Plus, and Dolby TrueHD provide robust multichannel and lossless sound for various media applications, alongside efficient digital audio coding solutions such as AAC and HE-AAC. In visual technology, Dolby Vision offers an exceptional imaging experience, delivering ultra-vivid colors, striking contrast, and enhanced detail for both professional cinema and consumer devices. The company also provides essential digital video codecs like AVC and HEVC, ensuring high bandwidth efficiency across a wide range of media devices. For enhanced communication, Dolby Voice provides superior spatial audio and noise reduction for conferencing systems. Operating primarily on a licensing model, which accounts for the substantial majority of its revenue, Dolby grants manufacturers and content providers access to its proprietary intellectual property. Complementing this, Dolby Laboratories designs and manufactures specialized hardware, including digital cinema servers, processors, amplifiers, loudspeakers, and video conferencing solutions for the cinema, broadcast, and entertainment industries. Furthermore, it delivers a range of services supporting theatrical and television production, broadcast operations, and home entertainment. Dolby's extensive client base includes film studios, content creators, post-production facilities, cinema operators, broadcasters, video game developers, and numerous consumer electronics manufacturers integrating its technologies into televisions, mobile devices, PCs, soundbars, and, increasingly, automotive entertainment systems. Recent advancements in fiscal year 2025 include the expanded integration of Dolby Atmos and Dolby Vision into various automotive brands such as Audi, Tata, Mahindra, and Mercedes, and new smartphone models featuring Dolby Vision Capture. The company also continues to drive immersive experiences in major live sports broadcasts and streaming services. Founded by Ray Dolby in London in 1965, the company later established its headquarters in San Francisco, California, from where it continues its global operations.

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