15 years of revenue, profit, cash flow and balance-sheet history through FY2025,
from SEC filings — with a computed, factual read of the trend.
Updated Overview →
Growth & profitability
Revenue has grown 3.0% per year over the past 5 years.
Net income has grown slower than revenue (2.0% vs 3.0% per year).
Operating margin has been roughly flat, at 19.6% in the latest year.
Free cash flow has grown 9.4% per year over the past 5 years.
Shareholder returns
Dividends have been paid for 8 consecutive years, consuming 49.6% of earnings and 29.0% of free cash flow.
The dividend has grown 7.4% per year over the past 5 years.
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Free cash flow (CFO − capex)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key annual figures
FY
Revenue
Net income
Gross M
Op M
FCF
Total debt
Cash
2025
$1.3B
$255M
88.1%
19.6%
$436M
—
$702M
2024
$1.3B
$262M
89.0%
20.3%
$297M
—
$482M
2023
$1.3B
$201M
88.3%
16.6%
$337M
—
$745M
2022
$1.3B
$184M
88.7%
16.5%
$271M
—
$620M
2021
$1.3B
$310M
89.9%
26.9%
$393M
—
$1.2B
2020
$1.2B
$231M
87.4%
18.8%
$278M
—
$1.1B
2019
$1.2B
$255M
87.0%
20.7%
$231M
—
$797M
2018
$1.1B
$42M
87.9%
17.4%
$279M
—
$918M
2017
—
$206M
—
—
$278M
—
$634M
2016
—
$186M
—
—
$259M
—
$520M
2015
—
$181M
—
—
$152M
—
$532M
2014
—
$206M
—
—
$286M
—
$568M
2013
—
$189M
—
—
$250M
—
$454M
2012
—
$264M
—
—
$223M
—
$493M
2011
—
$309M
—
—
$356M
—
$552M
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Free cash flow (CFO − capex, quarterly)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key quarterly figures
Quarter
Revenue
Net income
Gross M
Op M
FCF
Total debt
Cash
Mar '26
$396M
$95M
88.7%
28.5%
$83M
—
$594M
Dec '25
$347M
$53M
87.5%
17.9%
$50M
—
$644M
Sep '25
$307M
$49M
87.1%
9.7%
$107M
—
$702M
Jun '25
$316M
$46M
86.1%
15.1%
$61M
—
$699M
Mar '25
$370M
$92M
90.3%
29.2%
$168M
—
$627M
Dec '24
$357M
$68M
88.6%
22.4%
$100M
—
$521M
Sep '24
$305M
$59M
88.8%
15.2%
$109M
—
$482M
Jun '24
$289M
$38M
87.7%
12.7%
$14M
—
$742M
Mar '24
$365M
$98M
89.4%
29.9%
$172M
—
$710M
Dec '23
$316M
$67M
89.8%
21.0%
$2M
—
$657M
Sep '23
$291M
$9M
87.8%
-1.2%
$77M
—
$745M
Jun '23
$298M
$16M
86.1%
5.3%
$114M
—
$765M
Mar '23
$376M
$96M
89.1%
29.1%
$97M
—
$688M
Dec '22
$335M
$79M
89.7%
28.1%
$49M
—
$626M
Sep '22
$278M
$28M
86.6%
9.7%
$41M
—
$620M
Jul '22
$290M
$40M
87.6%
15.7%
$161M
—
$859M
Apr '22
$334M
$37M
89.4%
13.0%
$51M
—
$900M
Dec '21
$352M
$80M
90.7%
25.8%
$17M
—
$1.1B
Sep '21
$285M
$44M
89.2%
14.2%
$98M
—
$1.2B
Jun '21
$287M
$55M
89.0%
19.6%
$159M
—
$1.2B
Valuation over time
How the market has priced DLB against its own fundamentals since 2023-03 —
each month-end's share price set against the most recent annual filing, so the multiple moves
as price runs ahead of (or behind) earnings. Split-adjusted.
The price-to-earnings ratio has fallen from 44.2× (Mar '23) to 19.6× (Jun '26).
The price-to-sales ratio has fallen from 6.5× (Mar '23) to 3.7× (Jun '26).
The dividend yield has risen from 1.2% (Mar '23) to 2.5% (Jun '26).
Price / earnings (P/E)
P/E
Price / sales (P/S)
P/S
Dividend yield (%)
Dividend yield %
Frequently asked questions
Is DLB growing its revenue and profit?
Over the past 5 years, Dolby Laboratories, Inc.'s revenue has grown 3.0% per year, and net income grown 2.0% per year. These are computed facts, not advice.
How much debt does DLB have?
As of FY2025, Dolby Laboratories, Inc. reported — of total debt against $702M of cash.
What is DLB's profit margin?
In FY2025, gross margin was 88.1%, operating margin 19.6%, and net margin 18.9%.
What is DLB's P/E ratio?
As of Jun '26, Dolby Laboratories, Inc. traded at a price-to-earnings ratio of about 19.6× (market cap ÷ latest annual net income). The valuation charts above show how its P/E, P/S and dividend yield have moved with the share price. These are computed facts, not advice.
Where does this data come from?
All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.
Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted ·
growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price
against the latest annual filing. Informational only — not investment advice.