Saturday 17 October 2026 Export DLB’s income statement to Excel — free account

Dolby Laboratories

DLB Industrials Specialty Business Services

Dolby Laboratories' revenue for fiscal 2025 (year ended September 2025) was $1.3 billion, up 5.92% from fiscal 2024. In the quarter to June 2026, revenue fell 3.34%, EPS fell 37.5% and free cash flow grew 157.4%, each against the same quarter a year earlier. Dividend growth for ten consecutive years.

59.95 0.88 −1.45%

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Market cap: $5.7B
P/E: 25.2×
Fwd P/E: 16.5×
Dividend yield: 2.40%
F-score: 6/9
Altman Z: 9.17
Beneish M: −2.80
Dividend safety: 85/100

Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

Insider Decisions trades per month

Total sells 14.67

Totals in millions of $.

	Dec 25			Mar 26			Jun 26			Sep 26
Buy	—	—	—	—	—	—	—	—	—	—	—	—
Sell	4	5	—	3	—	1	4	1	1	5	1	1

Insider Ownership 38.14%

Capital & Financial Ratios $m

Market Cap 5,700.00

Revenue 1,354.36

Net Income 228.00

Free Cash Flow 361.13

Net Debt (739.54)

Current Ratio 3.19

Debt/Equity 0.00

P/E ratio 25.19

Fwd P/E 16.50

P/S ratio 4.17

P/B ratio 2.18

Past 5Y EPS Growth 3.09%

This Y EPS Growth 1.90%

Next Y EPS Growth 6.00%

Next Y revenue growth 5.70%

Next 5Y EPS Growth 6.35%

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

EV/Sales, ten years

P/E against its own 10 years 15.92%

10-year low 10-year high

P/S against its own 10 years 5.34%

10-year low 10-year high

P/B against its own 10 years 4.79%

10-year low 10-year high

EV/Sales against its own 10 years 5.79%

10-year low 10-year high

EV/FCF against its own 10 years 4.46%

10-year low 10-year high

Dividends

Payout Ratio 0.61

Annual Dividend Rate 1.44

Annual Dividend Yield 2.40%

	total	individual payouts
2028	Powerpack
2027	Powerpack
2026	1.36	0.36 0.36 0.36
2025	1.35	0.33 0.33 0.33 0.36
2024	1.23	0.30 0.30 0.30 0.33
2023	1.11	0.27 0.27 0.27 0.30
2022	1.02	0.25 0.25 0.25 0.27
2021	0.91	0.22 0.22 0.22 0.25
2020	0.88	0.22 0.22 0.22 0.22
2019	0.79	0.19 0.19 0.19 0.22
2018	0.67	0.16 0.16 0.16 0.19
2017	0.58	0.14 0.14 0.14 0.16
2016	0.50	0.12 0.12 0.12 0.14

predictions special payouts not included in total or ratios

Assets vs Liabilities $m

	2023	2024	2025	Q'26
Cash	957	578	794	740
Receivables	262	315	331	285
Inventory	36	34	30	31
Other	182	197	181	207
	1,488	1,194	1,388	1,326

	2023	2024	2025	Q'26
Payables	21	17	18	12
ST’ Debt	—	—	—	—
Other	32	32	31	34
	422	418	438	416

Compound Annual Growth %

	10y	5y	3y
Sales	3.35%	3.04%	2.47%
Cash Flow	4.32%	6.55%	14.02%
Earnings	3.47%	1.97%	11.48%
Book Value	3.78%	1.54%	5.35%

Revenue $m

	Dec	Mar	Jun	Sep	Year
’26	347	396	305	—	—
’25	357	370	316	307	1,349
’24	316	365	289	305	1,274
’23	335	376	298	291	1,300
’22	352	334	290	278	1,254
’21	390	320	287	285	1,281
’20	292	352	247	271	1,162

Fiscal quarters ending in the months shown.

Operating Cash Flow $m

	Dec	Mar	Jun	Sep	Year
’26	55	93	167	—	—
’25	107	175	68	123	472
’24	8	181	21	116	327
’23	56	105	121	85	367
’22	32	63	173	51	319
’21	82	83	172	110	448
’20	31	66	134	113	344

Fiscal quarters ending in the months shown.

Free Cash Flow $m

	Dec	Mar	Jun	Sep	Year
’26	56	46	158	—	—
’25	100	168	61	101	430
’24	2	172	14	109	297
’23	49	97	114	77	337
’22	6	51	161	41	259
’21	83	70	159	98	410
’20	7	45	120	102	275

Fiscal quarters ending in the months shown.

EPS $

	Dec	Mar	Jun	Sep	Year
’26	0.55	0.99	0.30	—	—
’25	0.70	0.94	0.48	0.51	2.62
’24	0.69	1.01	0.40	0.61	2.69
’23	0.82	0.98	0.17	0.09	2.05
’22	0.77	0.36	0.39	0.28	1.81
’21	1.30	0.73	0.52	0.42	2.97
’20	0.47	0.86	0.66	0.26	2.25

Fiscal quarters ending in the months shown.

Group	Line	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026e
Price, $
Price, $	Low	30.38	45.13	58.17	56.09	44.68	83.10	61.55	70.26	66.35	64.02	Analyst estimates 2026–2028 Powerpack
	High	55.02	63.34	74.29	70.17	97.50	104.74	96.85	91.02	86.37	89.66
People
People	Employees	2,030	2,122	2,151	2,193	2,289	2,368	2,336	2,246	2,080	2,051
	Revenue/emp, $m	0.51	0.51	0.49	0.57	0.51	0.54	0.54	0.58	0.61	0.66
Income, $m
Income, $m	Revenue	1,026	1,080	1,055	1,242	1,162	1,281	1,254	1,300	1,274	1,349
	Gross margin, %	89.38	89.03	87.90	87.04	87.39	89.85	88.73	88.26	88.97	88.13
	EBT	236	255	196	282	240	355	215	250	312	303
	EBT margin, %	23.00	23.62	18.62	22.74	20.63	27.67	17.17	19.24	24.53	22.49
	Net income	186	207	42	256	232	318	184	202	264	256
	Depreciation	89	87	84	85	113	114	105	95	84	99
Per share, $
Per share, $	Revenue	10.18	10.61	10.20	12.22	11.55	12.66	12.54	13.57	13.33	14.07
	Earnings	1.85	1.98	0.41	2.51	2.30	3.07	1.84	2.10	2.74	2.66
	Cash flow	3.58	3.71	3.41	3.22	3.42	4.42	3.19	3.83	3.43	4.93
	Capex	(2.20)	(1.03)	(0.83)	(1.12)	(0.69)	(0.38)	(0.59)	(0.32)	(0.31)	(0.44)
	Free cash flow	1.37	2.68	2.58	2.11	2.73	4.05	2.59	3.52	3.11	4.49
	Book value	19.65	21.06	22.93	22.76	24.25	25.74	22.51	24.77	26.03	27.45
	Shares, m	101	102	103	102	101	101	100	96	96	96
Valuation, ×
Valuation, ×	P/E	29.35	29.08	150.83	25.75	28.69	28.66	35.41	38.43	28.03	27.21
	P/S	5.33	5.45	6.79	5.29	5.74	6.95	5.20	5.95	5.74	5.14
	P/B	2.76	2.75	3.02	2.84	2.73	3.42	2.89	3.26	2.94	2.64
	EV/Sales	4.71	4.64	5.75	4.55	4.77	5.96	4.54	5.21	5.29	4.55
	EV/FCF	34.90	18.35	22.71	26.36	20.15	18.75	21.99	20.82	23.57	14.28
Cash, $m
Cash, $m	Operating cash flow	360	378	352	328	344	448	319	367	327	472
	Capex	(222)	(105)	(85)	(114)	(69)	(38)	(59)	(30)	(30)	(42)
	Free cash flow	138	273	267	214	275	410	259	337	297	430
Balance, $m
Balance, $m	Working capital	547	766	1,211	1,075	1,280	1,445	1,033	1,066	777	950
	Total debt	—	—	—	—	81	72	51	51	—	—
	Net debt	(641)	(882)	(1,103)	(925)	(1,127)	(1,272)	(818)	(957)	(578)	(794)
	Shareholders’ equity	1,979	2,144	2,371	2,313	2,438	2,604	2,251	2,372	2,487	2,632
Returns, %
Returns, %	ROA	8.37	8.53	1.55	8.97	8.06	10.30	6.35	7.08	8.60	8.05
	ROIC	10.83	12.24	9.05	11.57	10.42	16.16	9.01	9.53	8.46	9.01
	ROE	9.80	10.02	1.85	10.90	9.74	12.30	7.58	8.68	10.78	9.96

Negative figures in brackets.

All 10 years →

Fiscal years to Sep 2025 · latest quarter Jun 2026

Charts ten years each

Company	Market cap	P/E	Fwd P/E	Revenue growth (Q)	EPS growth (Q)	FCF growth (Q)	Gross margin (Q)	EBIT margin (Q)	Compare
RTO Rentokil Initial PLC	$10.5B	61.8×	29.4×	+66.96% (above 0%: growing)	+6.36% (above 0%: growing)	+7.92% (above 0%: growing)	13.59%	0.00%	Compare
DLB Dolby Laboratories	$5.7B	25.2×	16.5×	−3.34% (below 0%: shrinking)	−37.50% (below 0%: shrinking)	+157.37% (above 0%: growing)	86.78%	11.25%
AMTM Amentum Holdings, Inc.	$4.7B	23.5×	21.9×	−1.99% (below 0%: shrinking)	+575.00% (above 0%: growing)	+35.00% (above 0%: growing)	10.32%	4.93%	Compare
UNF Unifirst Corporation	$4.6B	39.7×	39.4×	+3.87% (above 0%: growing)	−48.20% (below 0%: shrinking)	−21.68% (below 0%: shrinking)	37.00%	3.63%	Compare
AZZ AZZ Inc.	$3.9B	23.2×	22.1×	+16.68% (above 0%: growing)	−34.39% (below 0%: shrinking)	+115.52% (above 0%: growing)	25.08%	17.21%	Compare
FA First Advantage Corporation	$3.5B	132×	67.8×	+14.88% (above 0%: growing)	+5,455.56% (above 0%: growing)	+120.17% (above 0%: growing)	45.46%	12.71%	Compare
MMS Maximus, Inc.	$3.2B	9.0×	8.1×	−5.15% (below 0%: shrinking)	+4.81% (above 0%: growing)	+30.90% (above 0%: growing)	27.27%	12.62%	Compare
CBZ CBIZ, Inc.	$3.0B	25.6×	12.1×	−0.19% (below 0%: shrinking)	−53.03% (below 0%: shrinking)	+32.13% (above 0%: growing)	10.62%	4.99%	Compare
ABM ABM Industries Incorporated	$3.0B	18.4×	12.2×	+4.19% (above 0%: growing)	+25.37% (above 0%: growing)	−13.91% (below 0%: shrinking)	12.35%	3.95%	Compare
Median of peers	$3.7B	24.6×	22.0×	+4.03%	+5.59%	+31.52%	19.34%	4.96%

All 44 Specialty Business Services stocks →

Dolby Laboratories (DLB) key facts

Strength: Dolby Laboratories' revenue for fiscal 2025 (year ended September 2025) was $1.3 billion, up 5.92% from fiscal 2024.
Dolby Laboratories (DLB) is a Specialty Business Services company in the Industrials sector, listed on the New York Stock Exchange.
As of October 16, 2026, DLB traded at $59.95, a market capitalization of $5.7 billion.
Dolby Laboratories pays an annual dividend of $1.44 per share, a yield of 2.40%, with a payout ratio of 61.3%.
Return on equity was 9.96% and debt-to-equity 0.00.
Its Piotroski F-score is 6 out of 9 and its Altman Z-score is 9.17 (safe zone) for fiscal 2025.