DLB Stock Snapshot Price, market cap, P/E, EPS, ROE, debt/equity, 52-week range

03
Price $58.89
P/E (TTM) 25.2
EPS (TTM) $2.34
Revenue (TTM) $1.35B
ROE (TTM) 8.7%
52W Range $48–$73

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About Dolby Laboratories Common Stock Company overview from Wikipedia

05 · wikidata

Dolby Laboratories, Inc. (Dolby Labs or simply Dolby) is an American technology corporation specializing in audio noise reduction, audio encoding/compression, spatial audio, and high-dynamic-range television (HDR) imaging. Dolby licenses its technologies to consumer electronics manufacturers. Dolby is best known for their audio encoding format, Dolby Digital, which popularized the use of surround sound in media.

History

Dolby Labs was founded by Ray Dolby (1933–2013) in London, England, in 1965. In the same year, he invented the Dolby Noise Reduction system, a form of audio signal processing for reducing the background hissing sound on cassette tape recordings. His first U.S. patent on the technology was filed in 1969, four years later. The method was first used by Decca Records in the UK. After this, other companies began purchasing Dolby's A301 technology, which was the professional noise reduction system used in recording, motion picture, broadcasting stations and communications networks. These companies include BBC, Pye, IBC, CBS Studios, RCA, and Granada.

He moved the company headquarters to the United States (San Francisco, California) in 1976. The first product Dolby Labs produced was the Dolby 301 unit which incorporated Type A Dolby Noise Reduction, a compander-based noise reduction system. These units were intended for use in professional recording studios.

Dolby was persuaded by Henry Kloss of KLH to manufacture a consumer version of his noise reduction. Dolby continued to work on companding systems and introduced Type B in 1968.

Dolby also sought to improve film sound. As the corporation's history explains:

Upon investigation, Dolby found that many of the limitations in optical sound stemmed directly from its significantly high background noise. To filter this noise, the high-frequency response of theatre playback systems was deliberately curtailed… To make matters worse, to increase dialogue intelligibility over such systems, sound mixers were recording soundtracks with so much high-frequency pre-emphasis that high distortion resulted.

The first film with Dolby sound was A Clockwork Orange (1971). The company was approached by Stanley Kubrick, who wanted to use Dolby's noise reduction system to facilitate the film's extensive mixing. The film went on to use Dolby noise reduction on all pre-mixes and masters, but a conventional optical soundtrack on release prints. Callan (1974) was the first film with a Dolby-encoded optical soundtrack. In 1975, Dolby released Dolby Stereo, which included a noise reduction system in addition to more audio channels (Dolby Stereo could actually contain additional center and surround channels matrixed from the left and right). The first film with a Dolby-encoded stereo optical soundtrack was Lisztomania (1975), although this only used an LCR (Left-Center-Right) encoding technique. The first true LCRS (Left-Center-Right-Surround) soundtrack was encoded on the movie A Star Is Born in 1976. In less than ten years, 6,000 cinemas worldwide were equipped to use Dolby Stereo sound. Dolby reworked the system slightly for home use and introduced Dolby Surround, which only extracted a surround channel, and the more impressive Dolby Pro Logic, which was the domestic equivalent of the theatrical Dolby Stereo. In 2005, Dolby's stereo 4-channel optical theater surround was inducted into the TECnology Hall of Fame, an honor given to "products and innovations that have had an enduring impact on the development of audio technology."

Dolby developed a digital surround sound compression scheme for the cinema. Dolby Stereo Digital (now called Dolby Digital) was first featured on the 1992 film Batman Returns. Introduced to the home theater market as Dolby AC-3 with the 1995 LaserDisc release of Clear and Present Danger, the format did not become widespread in the consumer market, partly because extra hardware was needed to make use of it, until it was adopted as part of the DVD specification. Dolby Digital is now found in the HDTV (ATSC) standard of the United States, DVD players, and many satellite-TV and cable-TV receivers. Dolby developed a digital surround sound compression scheme for the TV series The Simpsons.

On February 17, 2005, the company became public, offering its shares on the New York Stock Exchange, under the symbol DLB. On March 15, 2005, Dolby celebrated its 40th anniversary at the ShoWest 2005 Festival in San Francisco.

On January 8, 2007, Dolby announced the arrival of Dolby Volume at the International Consumer Electronics Show.

On June 18, 2010, Dolby introduced Dolby Surround 7.1, which added two rear surround channels to the 5.1 format. The first film to be released in this format was Pixar's Toy Story 3.

In April 2012, Dolby introduced Dolby Atmos, a new cinema technology adding overhead sound, first applied in Pixar's motion picture Brave. In the same year, Dolby bought the naming rights of Hollywood's Dolby Theatre, the venue of the annual Academy Awards ceremony. In July 2014, Dolby Laboratories announced plans to bring Atmos to home theater. The first television show to use the technology on disc was Game of Thrones.

On February 24, 2014, Dolby acquired Doremi Labs for $92.5 million in cash plus an additional $20 million in contingent consideration that may be earned over a four-year period.

In May 2015, Dolby reopened the Vine Theatre, Hollywood as a 70-seat showcase theater, known as Dolby @ Vine or Dolby Screening Room Hollywood Vine.

In May 2019, Dolby added Dolby Atmos to hundreds of newer songs in the music industry.

In May 2020, Dolby launched a developer platform, Dolby.io, aimed at providing developers self-service access to Dolby technologies through public APIs. It allows any person, organization, small and big, to integrate in their websites, apps, games, etc. features such as media enhancements and transcoding, spatial audio, high-quality video communication and low-latency streaming.

In May 2025, BBC Radio 4 broadcast Surrounded by Sound: Ray Dolby and the Art of Noise Reduction to mark Dolby Laboratories' 60th anniversary. This included interviews with his widow Dagmar and two of the first Dolby sound engineers, David Robinson and Ioan Allen (who still worked at the company), and Crimson Tide and Armageddon sound designer Midge Costin. A version of the programme was made in binaural sound.

Technologies

Analog audio noise reduction

Dolby A: professional noise reduction systems for analog reel-to-reel tape and cassettes.

Dolby NR/B/C/S: consumer noise reduction systems for tapes and analog cassettes.

Dolby SR (Spectral Recording): professional four-channel noise reduction system in use since 1986, which improves the dynamic range of analog recordings and transmissions by as much as 25 dB. Dolby SR is utilized by recording and post-production engineers, broadcasters, and other audio professionals. It is also the benchmark in analog film sound, being included today on nearly all 35 mm film prints. On films with digital soundtracks, the SR track is used in cinemas not equipped for digital playback, and it serves as a backup in case of problems with the digital track.

Dolby FM: noise reduction system for FM broadcast radio. Dolby FM was tried by a few radio stations starting with WFMT in 1971. It used Dolby B, combined with 25 microsecond pre-emphasis. A small number of models of tuners and receivers were offered with the necessary decoder built in. In addition, a few cassette deck models appeared that allowed the deck's internal Dolby B decoder to be put in the line level pass-through path, permitting its use with Dolby FM broadcasts. The system was not successful and was on the decline by 1974.

Dolby HX Pro: single-ended system used on high-end tape recorders to increase headroom. The recording bias is lowered as the high-frequency component of the signal being recorded increases, and vice versa. It does nothing to the actual audio that is being recorded, and it does not require a special decoder. Any HX Pro recorded tape will have, in theory, better sound on any deck.

Dolby Advanced Audio: Dolby surround sound, locking preferred volume level, optimizes audio performance for specific PC models and lets turning up the volume to the built-in speakers without distorting the sound.

Audio encoding/compression

Dolby Surround

Dolby Digital (also known as AC-3) is a lossy audio compression format. It supports channel configurations from mono up to six discrete channels (referred to as "5.1"). This format first allowed and popularized surround sound. It was first developed for movie theater sound and spread to LaserDisc and DVD. It has been adopted in many broadcast formats including all North American digital television (ATSC), DVB-T, direct broadcast satellite, cable television, DTMB, IPTV, and surround sound radio services. It is also part of both the Blu-ray and the now-defunct HD DVD standards. Dolby Digital is used to enable surround sound output by most video game consoles. Several personal computers support converting all audio to Dolby Digital for output.

Dolby Digital EX: introduces a matrix-encoded center rear surround channel to Dolby Digital for 6.1 channel output. This center-rear channel is often split to two rear back speakers for 7.1 channel output.

Dolby Digital Plus (also known as E-AC-3) is a lossy audio codec based on Dolby Digital that is backward compatible, but more advanced. The DVD Forum has selected Dolby Digital Plus as a standard audio format for HD DVD video. It supports data rates up to 6 Mbit/s, an increase from Dolby Digital's 640 kbit/s maximum. On Blu-ray, Dolby Digital Plus is implemented differently, as a legacy 640 kbit/s Dolby Digital stream plus an additional stream to expand the surround sound, with a total bandwidth of approximately 1.7 Mbit/s. Dolby Digital Plus is also optimized for limited data-rate environments such as Digital broadcasting.

Dolby Digital Live is a real-time hardware encoding technology for interactive media such as video games. It converts any audio signals on a PC or game console into the 5.1-channel Dolby Digital format and transports it via a single S/PDIF cable. A similar technology known as DTS Connect is available from competitor DTS.

Dolby E: professional coding system optimized for the distribution of surround and multichannel audio through digital two-channel post-production and broadcasting infrastructures, or for recording surround audio on two audio tracks of conventional digital video tapes, video servers, communication links, switchers, and routers. The Dolby E signal does not reach viewers at home. It is transcoded to Dolby Digital at a lower data rate for final DTV transmission.

Dolby Stereo (also known as Stereo A): original analog optical technology developed for 35 mm prints and is encoded with four sound channels: Left/Center/Right (which are located behind the screen) and Surround (which is heard over speakers on the sides and rear of the theatre) for ambient sound and special effects. This technology also employs A-type or SR-type noise reduction, listed above with regards to analog cassette tapes. See also Dolby Surround

Dolby TrueHD: Offers bit-for-bit sound reproduction identical to the studio master. Over seven full-range 24-bit/96 kHz discrete channels are supported (plus an LFE channel, making it 7.1 surround) along with the HDMI interface. Theoretically, Dolby TrueHD can support more channels, but this number has been limited to 8 for HD DVD and Blu-ray Disc.

Dolby Pulse: released in 2009, it is identical to the HE-AAC v2 codec except for the addition of Dolby metadata, which is common for Dolby's other digital audio codecs. This metadata "ensures consistency of broadcast quality."

Dolby AC-4 is a lossy audio compression format that can contain audio channels and/or audio objects.

Dolby Atmos is a suite of technologies for immersive audio having both horizontal and vertical sound placement, using a combination of channel and object-based mixing and delivery. It was first introduced in cinemas with Brave. The first game released with Dolby Atmos audio was Star Wars Battlefront. The means of delivering the channels and objects differ given the technical limitations across different media, and the target platform. Dolby Atmos is not a codec; on the consumer market, pre-recorded Dolby Atmos is delivered as an extension to a Dolby TrueHD, Dolby Digital Plus, or Dolby AC-4 stream.

Audio processing

Dolby Headphone: an implementation of virtual surround, simulating 5.1 surround sound in a standard pair of stereo headphones.

Dolby Virtual Speaker: simulates 5.1 surround sound in a setup of two standard stereo speakers.

Dolby Surround, Dolby Pro Logic, Dolby Pro Logic II, Dolby Pro Logic IIx, and Dolby Pro Logic IIz: these decoders expand sound to a greater number of channels. All can decode surround sound that has been matrixed into two channels; some can expand surround sound to a greater number of speakers than the original source material. See the referenced articles for more details on each decoder.

Audistry: sound enhancement technologies.

Dolby Volume: reduces volume level changes.

Dolby Mobile: A version of Dolby's surround sound technology specifically designed for mobile phones, notably the HTC Desire HD, LG Arena and LG Renoir.

Dolby Audio Plug-in for Android: An API packaged as a Java Library that allows Android Developers to take advantage of Dolby Digital Plus Technology embedded into mobile and tablet devices, notably the Fire HD, Fire HDX, and Samsung Galaxy Tab 3 series.

Dolby Voice: Hardware and software products for enterprise-level web conferencing.

Video processing

Dolby Contrast provides enhanced image contrast to LCD screens with LED backlight units by means of local dimming.

Perceptual Quantizer (PQ), published by SMPTE as SMPTE ST 2084, is a transfer function that allows for the display of high dynamic range (HDR) video with a luminance level of up to 10,000 cd/m2 and can be used with the Rec. 2020 color space. On August 27, 2015, the Consumer Electronics Association announced the HDR10 Media Profile which uses the Rec. 2020 color space, SMPTE ST 2084, and a bit depth of 10-bits. On August 2, 2016, Microsoft released the Windows 10 Anniversary Update, which supports the HDR10 format with PQ (ST 2084) transfer function and Rec.2020 color space.

Dolby Vision is a content mastering and delivery format similar to the HDR10 media profile. It supports both high dynamic range (HDR) and wide color gamut (ITU-R Rec. 2020 and 2100) at all stages from content creation and production to transmission and playback. Dolby Vision includes the Perceptual Quantizier (SMPTE ST-2084) electro-optical transfer function and supports displays with up to 10,000-nit maximum brightness (4,000-nit in practice). It also provides up to 8K resolution and color depth of up to 12-bits (backwards compatible with current 8-bit and 10-bit displays). Dolby Vision can encode mastering display colorimetry information using static metadata (SMPTE ST 2086) and dynamic metadata (SMPTE ST 2094–10, Dolby format) for each scene or frame of a video. Examples of Ultra HD (UHD) Dolby Vision are available in TV, monitor, mobile devices and theater. Dolby Vision content can be delivered on Ultra HD Blu-ray discs, over conventional broadcasting, OTT, and online streaming media services. Dolby Vision metadata can be carried via HDMI interface versions 1.4b and above. It also supports IPTPQc2 color space, that is similar to ICtCp. Dolby Vision IQ is an update designed to optimize Dolby Vision content according to the brightness of the room.

ICtCp provides an improved color representation that is designed for high dynamic range (HDR) and wide color gamut (WCG). An improved constant luminance is an advantage for color processing operations such as chroma subsampling and gamut mapping where only color information is changed. ICtCp is based on a modification of IPT called ICaCb.

Digital cinema

Dolby Digital Cinema

Dolby Surround 7.1, first introduced theatrically with Toy Story 3, in 2010.

Dolby 3D

Dolby Atmos

Dolby Cinema, a premium cinema concept developed by Dolby Laboratories as a direct competitor to IMAX.

Live sound

Dolby Lake Processor - as of 2009, all Lake products are owned by Lab Gruppen.

Over the years Dolby has introduced several surround sound systems. Their differences are explained below.

Dolby matrix surround systems

Dolby discrete surround systems

ATSC controversy

Dolby Digital AC-3 is used as the audio codec for the ATSC standards, though it was standardized as A/52 by the ATSC. It allows the transport of up to five channels of sound with a sixth channel for low-frequency effects (the so-called "5.1" configuration). In contrast, Japanese ISDB HDTV broadcasts use MPEG's Advanced Audio Coding (AAC) as the audio codec, which also allows 5.1 audio output. DVB allows both.

MPEG-2 audio was a contender for the ATSC standard during the "Grand Alliance" shootout, but lost out to Dolby AC-3. The Grand Alliance issued a statement finding the MPEG-2 system to be "essentially equivalent" to Dolby, but only after the Dolby selection had been made. Later, a story emerged that MIT had entered into an agreement with Dolby whereupon the university would be awarded a large sum of money if the MPEG-2 system was rejected. Dolby also offered an incentive for Zenith to switch their vote (which they did); however, it is unknown whether they accepted the offer.

Source: Wikipedia, CC BY-SA 4.0 · View on Wikipedia ↗

Wikidata ↗

sectorTechnology industryTechnology employees2,051 countryUS

10-Year Performance Revenue, net income, margins and EPS trends

06
Revenue$1.35B
2016-09-30 → 2025-09-26
EPS$2.62
2016-09-30 → 2025-09-26
Free Cash Flow$436M
2016-09-30 → 2025-09-26
Net margin16.7%
2016-09-30 → 2025-09-26
Valuation & Ratios 07–12

Valuation P/E, P/S, P/B, EV/EBITDA ratios — is the stock expensive or cheap?

Metric 5Y trend DLB 5Y avg Peer Median Verdict
P/E (TTM) 25.25Y avg ≈32.3 ≈32.3 · ·
PEG Ratio ≈8.1 · · ·

Peer median is calculated on a standardized basis per metric and may not always match the TTM/MRQ basis shown for this stock.

value · ≈ 5Y avg · industry median · verdict relative to median

Dividends Yield, payout ratio, dividend history, 5Y CAGR

13
Payout Ratio49.6%
Annualized Payout≈$1.44Paid quarterly
5Y Div CAGR≈8.4%Per share, split-adjusted
Growth Streak≈10Consecutive years of dividend growth
Ex-dateAmountCurrencyYield
Aug 11, 2026$0.36USD≈2.3%
May 12, 2026$0.36USD≈2.5%
Feb 10, 2026$0.36USD≈2.0%
Dec 2, 2025$0.36USD≈2.0%
Aug 12, 2025$0.33USD≈1.8%
May 13, 2025$0.33USD≈1.7%
Feb 11, 2025$0.33USD≈1.5%
Dec 3, 2024$0.33USD≈1.5%
Aug 19, 2024$0.30USD≈1.7%
May 13, 2024$0.30USD≈1.4%
Feb 12, 2024$0.30USD≈1.4%
Nov 27, 2023$0.30USD≈1.3%
Aug 11, 2023$0.27USD≈1.4%
May 15, 2023$0.27USD≈1.3%
Feb 13, 2023$0.27USD≈1.2%
Nov 29, 2022$0.27USD≈1.4%
Aug 22, 2022$0.25USD≈1.3%
May 16, 2022$0.25USD≈1.3%
Feb 15, 2022$0.25USD≈1.2%
Nov 29, 2021$0.25USD≈1.1%

Earnings History EPS actual vs estimate, surprise %, beat rate, next earnings date

14
Avg Surprise 5.8%
PeriodReportEPS ActualEPS EstSurprise
June 30, 2026 $0.69 $0.68 1.2%
March 31, 2026 $1.37 $1.35 1.8%
Dec. 31, 2025 $1.06 $1.35 -21.2%
Sept. 30, 2025 $0.99 $0.71 40.0%
June 30, 2025 $0.78 $0.72 8.3%
March 31, 2025 $1.34 $1.28 4.7%

Full Fundamentals All metrics by year — income statement, balance sheet, cash flow

15
Income Statement 18
Metric Trend 202520242023202220212020201920182017201620152014
Revenue $1.35B$1.27B$1.30B$1.25B$1.28B$1.16B$1.24B$1.05B$1.08B$1.03B$971M·
Cost of Revenue $160M$140M$153M$141M$130M$146M$161M$128M$119M$109M$95M·
Gross Profit $1.19B$1.13B$1.15B$1.11B$1.15B$1.02B$1.08B$927M$962M$917M$876M·
R&D Expense $262M$264M$272M$261M$254M$239M$238M$237M$233M$220M$201M·
SG&A Expense $287M$270M$258M$275M$224M$220M$205M$197M$172M$169M$182M·
Operating Expenses $924M$875M$931M$906M$807M$797M$824M$744M$715M$685M$663M·
Operating Income $265M$258M$216M$207M$344M$219M$257M$184M$247M$232M$213M·
Interest Expense ···$394.0K$479.0K$186.0K$170.0K$198.0K$127.0K$125.0K$183.0K·
Interest Income ···$7M$3M$13M$25M$19M$10M$6M$5M·
Other Non-op $23M$20M$6M$2M$7M$8M$481.0K$-6M$-1M$-1M$28M·
Pretax Income $303M$312M$250M$215M$355M$240M$282M$196M$255M$236M$246M·
Income Tax $47M$48M$48M$31M$37M$8M$27M$154M$48M$50M$63M·
Net Income $255M$262M$201M$184M$310M$231M$255M$42M$206M$186M$181M·
EPS (Basic) $2.66$2.74$2.10$1.84$3.07$2.30$2.51$0.40$2.03$1.85$1.77·
EPS (Diluted) $2.62$2.69$2.05$1.81$2.97$2.25$2.44$0.39$2.00$1.81$1.75·
Shares (Basic) 95,868,00095,544,00095,771,00099,990,000101,190,000100,564,000101,629,000103,377,000101,784,000100,717,000102,354,000·
Shares (Diluted) 97,479,00097,325,00097,733,000101,983,000104,622,000102,944,000104,572,000106,978,000103,286,000102,424,000103,862,000·
EBITDA $265M$258M$216M$207M$344M$219M$257M·$249M$232M$213M·
Balance Sheet 24
Metric Trend 202520242023202220212020201920182017201620152014
Cash & Equivalents $702M$482M$745M$620M$1.23B$1.07B$797M$918M$634M$520M$532M·
Short-term Investments $703.0K$0$139M$189M$39M$47M$119M$178M$248M$122M$139M·
Receivables $331M$315M$262M$244M$233M$180M$189M$166M$74M$76M$102M·
Inventory $30M$34M$36M$24M$11M$26M$32M$26M$25M$16M$14M·
Prepaid Expense $52M$70M$51M$50M$63M$53M$40M$35M$31M$26M$32M·
Other Current Assets $24M$40M$26M$23M$33M$35M$22M$14M$11M$12M$8M·
Current Assets $1.39B$1.19B$1.49B$1.31B$1.76B$1.55B$1.38B$1.50B$1.01B$760M$821M·
PP&E (Net) $471M$479M$482M$513M$534M$542M$537M$514M$485M$444M$403M·
PP&E (Gross) $1.08B$1.10B$1.06B$1.07B$1.07B$1.02B$955M$876M$791M$694M$605M·
Accum. Depreciation $608M$619M$577M$558M$538M$476M$417M$362M$305M$251M$202M·
Goodwill $530M$533M$408M$365M$341M$337M$335M$328M$311M$310M$308M·
Intangibles $397M$435M$167M$112M$123M$152M$181M$184M$190M$215M$128M·
Other Non-current Assets $114M$121M$95M$55M$61M$91M$93M$80M$31M$21M$9M·
Total Assets $3.23B$3.11B$2.98B$2.69B$3.11B$2.92B$2.82B$2.87B$2.53B$2.31B$2.13B·
Accounts Payable $18M$17M$21M$14M$18M$13M$15M$22M$14M$18M$21M·
Accrued Liabilities $369M$348M$351M$230M$263M$220M$268M$243M$207M$169M$169M·
Current Liabilities $438M$418M$422M$278M$316M$267M$307M$285M$246M$213M$210M·
Capital Leases $28M$35M$37M$38M$57M$65M$0·····
Other Non-current Liabilities $100M$136M$108M$100M$105M$122M$177M$184M$108M$83M$77M·
Total Liabilities $596M$623M$608M$439M$501M$479M$509M$495M$390M$331M$317M·
Retained Earnings $2.63B$2.50B$2.39B$2.30B$2.61B$2.44B$2.33B$2.31B$2.08B$1.94B$1.80B·
AOCI $-13M$-19M$-37M$-52M$-10M$-11M$-21M$-16M$-8M$-10M$-11M·
Stockholders' Equity $2.62B$2.48B$2.36B$2.25B$2.60B$2.43B$2.31B$2.36B$2.14B$1.97B$1.81B·
Liabilities + Equity $3.23B$3.11B$2.98B$2.69B$3.11B$2.92B$2.82B$2.87B$2.53B$2.31B$2.13B·
Cash Flow 16
Metric Trend 202520242023202220212020201920182017201620152014
D&A $88M$76M$83M$88M$96M$91M$85M$81M$84M$85M$69M·
Stock-based Comp $129M$120M$118M$115M$100M$87M$77M$71M$65M$67M$67M·
Deferred Tax $5M$-22M$-18M$-29M$-37M$-5M$-40M$61M$-35M$-23M$-14M·
Amort. of Intangibles $45M$33M$29M$29M$30M$30M$30M$26M$31M$33M$21M·
Restructuring $15M$6M$47M$11M$10M$2M$37M$-446.0K$13M$1M$-80.0K·
Operating Cash Flow $472M$327M$367M$319M$448M$344M$328M$352M$378M$360M$309M·
CapEx $36M$30M$30M$48M$54M$66M$96M$73M$100M$101M$158M·
Investing Cash Flow $-11M$-286M$54M$-296M$-45M$134M$-56M$78M$-158M$-282M$-204M·
Net Debt Issued ··········$0·
Stock Repurchased $125M$160M$149M$530M$246M$174M$341M$150M$100M$101M$107M·
Net Stock Activity $-125M$-160M$-149M$-530M$-246M$-174M$-341M·$-100M$-101M$-107M·
Dividends Paid $127M$115M$103M$100M$89M$89M$77M$66M$57M$48M$41M·
Financing Cash Flow $-247M$-288M$-237M$-611M$-253M$-208M$-385M$-134M$-107M$-92M$-139M·
Net Change in Cash $216M$-240M$190M$-605M$153M$274M$-120M$291M$111M$-16M$-37M·
Free Cash Flow $436M$297M$337M$271M$393M$278M$231M·$271M$256M$152M·
Levered FCF ···$270M$393M$277M$231M·$271M$256M$152M·
Profitability 8
Metric Trend 202520242023202220212020201920182017201620152014
Gross Margin 88.1%89.0%88.3%88.7%89.8%87.4%87.0%·89.1%89.4%90.2%·
Operating Margin 19.6%20.3%16.6%16.5%26.9%18.8%20.7%·23.0%22.6%22.0%·
Net Margin 18.9%20.6%15.4%14.7%24.2%19.9%20.5%·18.7%18.1%18.7%·
Pretax Margin 22.5%24.5%19.2%17.2%27.7%20.6%22.7%·23.7%23.0%25.3%·
EBITDA Margin 19.6%20.3%16.6%16.5%26.9%18.8%20.7%·23.0%22.6%22.0%·
ROA 8.1%8.6%7.1%6.3%10.3%8.1%9.0%·8.3%8.4%8.8%·
ROE 10.0%10.8%8.7%7.6%12.3%9.8%10.9%·9.8%9.8%10.3%·
ROIC 8.5%8.8%7.4%7.9%11.9%8.7%10.1%·9.2%9.3%8.8%·
Liquidity & Solvency 3
Metric Trend 202520242023202220212020201920182017201620152014
Current Ratio 3.22.93.54.75.65.84.5·4.13.64.4·
Quick Ratio 2.41.92.73.84.74.93.6·3.93.33.7·
Interest Coverage ···524.4719.01176.01512.2·1957.71854.41165.2·
Efficiency 3
Metric Trend 202520242023202220212020201920182017201620152014
Asset Turnover 0.40.40.50.40.40.40.4·0.40.50.5·
Inventory Turnover 5.04.15.28.27.15.15.5·5.77.28.5·
Receivables Turnover 4.24.45.15.36.26.37.0·14.511.610.3·
Per Share 5
Metric Trend 202520242023202220212020201920182017201620152014
Revenue / Share $13.84$13.09$13.30$12.29$12.25$11.29$11.87·$10.47$10.01$9.35·
Cash Flow / Share $4.84$3.36$3.76$3.12$4.28$3.34$3.13·$3.59$3.48$2.98·
Dividend / Share $1.32$1.23$1.11$1.02$0.91$0.88$0.79$0.67$0.58$0.50$0.42·
Dividend Paid / Share $1.32$1.20$1.08$1.00$0.88$0.88$0.76$0.64$0.56$0.48$0.40·
EPS (TTM) $2.62$2.69$2.05$1.81$2.97$2.25$2.44$0.39$2.00$1.81$1.75$1.98
Growth Rates 10
Metric Trend 202520242023202220212020201920182017201620152014
Revenue YoY 5.9%-2.0%3.7%-2.1%10.3%·······
Revenue CAGR 3Y 2.5%-0.20%3.8%·········
Revenue CAGR 5Y 3.0%···········
EPS YoY -2.6%31.2%13.3%-39.1%32.0%·······
EPS CAGR 3Y 13.1%-3.2%-3.1%·········
EPS CAGR 5Y 3.1%···········
Net Income YoY -2.6%30.5%9.0%-40.7%34.1%·······
Net Income CAGR 3Y 11.5%-5.5%-4.6%·········
Net Income CAGR 5Y 2.0%···········
Dividends Paid CAGR 5Y 7.4%···········
Valuation (TTM) 6
Metric Trend 202520242023202220212020201920182017201620152014
Revenue TTM $1.35B$1.27B$1.30B$1.25B$1.28B$1.16B$1.24B$1.05B$1.08B$1.03B$971M$960M
Net Income TTM $255M$262M$201M$184M$310M$231M$255M$42M$206M$186M$181M$206M
P/E 27.628.138.736.031.128.926.1179.428.830.017.921.9
Earnings Yield 3.6%3.6%2.6%2.8%3.2%3.5%3.8%0.56%3.5%3.3%5.6%4.6%
Payout Ratio 49.6%43.8%51.5%54.4%28.7%38.3%30.4%·28.3%26.0%22.6%·
Annual Payout $127M$115M$103M$100M$89M$89M$77M$66M$57M$48M$41M·

Most recent period on the left · null values shown as ·

Financial Statements Income statement, balance sheet, cash flow — annual, last 5 years

16
Metric 2025-09-262024-09-272023-09-292022-09-302021-09-24
Revenue $1.35B $1.27B $1.30B $1.25B $1.28B
Gross Margin % 88.1% 89.0% 88.3% 88.7% 89.8%
Operating Margin % 19.6% 20.3% 16.6% 16.5% 26.9%
Net Income $255M $262M $201M $184M $310M
Diluted EPS $2.62 $2.69 $2.05 $1.81 $2.97

Institutional owners (13F) 417 filers · $3.6B total · As of Sept. 30, 2026

17

Institutions that report holding this stock in their quarterly SEC Form 13F. Long positions only; a single filer may appear twice for separate option legs. Large offsetting put/call legs typically reflect market-making or hedged inventory, not directional conviction.

Holders 417
Value held $3.6B
New positions 49
Exited positions 71
Institutional activity — Q2 2026 vs prior quarter
New positions Exited positions Increased Decreased Net shares change
49 (-32 vs prior Q) 71 (+27 vs prior Q) 136 (-14 vs prior Q) 150 (+20 vs prior Q) +2.9M

Compared to Q1 2026. SEC Form 13F filings are due within 45 days of quarter-end plus a short buffer for late filers — quarters still inside that window are skipped in favor of the most recent fully-reported pair.

Institution Value Shares % of tracked 13F Type
VANGUARD GROUP INC $495,813,208 7,720,542 13.62% Shares
BlackRock, Inc. $351,070,612 6,676,885 9.64% Shares
VANGUARD PORTFOLIO MANAGEMENT LLC $260,307,911 4,950,702 7.15% Shares
Bank of New York Mellon Corp $253,289,205 4,817,216 6.96% Shares
MORGAN STANLEY $241,960,122 4,601,750 6.65% Shares
VANGUARD CAPITAL MANAGEMENT LLC $143,116,240 2,721,876 3.93% Shares
FIRST TRUST ADVISORS LP $142,255,188 2,705,504 3.91% Shares
STATE STREET CORP $121,848,997 2,317,402 3.35% Shares
GEODE CAPITAL MANAGEMENT, LLC $96,878,235 1,842,203 2.66% Shares
FMR LLC $83,369,748 1,585,579 2.29% Shares
DIMENSIONAL FUND ADVISORS LP $81,926,863 1,558,169 2.25% Shares
BANK OF MONTREAL /CAN/ $76,602,173 1,456,869 2.10% Shares
SNYDER CAPITAL MANAGEMENT L P $69,650,833 1,324,664 1.91% Shares
DISCIPLINED GROWTH INVESTORS INC /MN $65,608,877 1,247,791 1.80% Shares
NORGES BANK $44,743,582 850,962 1.23% Shares
GOLDMAN SACHS GROUP INC $43,321,359 823,913 1.19% Shares
CHARLES SCHWAB INVESTMENT MANAGEMENT INC $42,496,471 808,225 1.17% Shares
Invesco Ltd. $35,418,519 673,612 0.97% Shares
AMERIPRISE FINANCIAL INC $34,773,507 661,345 0.96% Shares
CITADEL ADVISORS LLC $30,603,190 582,031 0.84% Shares
NORTHERN TRUST CORP $28,847,544 548,641 0.79% Shares
ARROWSTREET CAPITAL, LIMITED PARTNERSHIP $27,717,968 527,158 0.76% Shares
Fiera Capital Corp $25,050,059 476,418 0.69% Shares
BANK OF AMERICA CORP /DE/ $23,441,688 445,829 0.64% Shares
Boston Trust Walden Corp $22,745,582 432,590 0.62% Shares
Robeco Institutional Asset Management B.V. $22,487,992 427,691 0.62% Shares
MILLENNIUM MANAGEMENT LLC $22,087,123 420,067 0.61% Shares
D. E. Shaw & Co., Inc. $21,820,963 415,005 0.60% Shares
MACKENZIE FINANCIAL CORP $21,737,413 413,416 0.60% Shares
Grantham, Mayo, Van Otterloo & Co. LLC $21,679,522 412,315 0.60% Shares
UBS Group AG $20,452,884 388,986 0.56% Shares
SHAPIRO CAPITAL MANAGEMENT LLC $20,383,426 387,665 0.56% Shares
VANGUARD FIDUCIARY TRUST CO $20,062,845 381,568 0.55% Shares
Boston Partners $19,423,889 372,561 0.53% Shares
MARSHALL WACE, LLP $18,070,591 343,678 0.50% Shares
Gotham Asset Management, LLC $17,665,671 335,977 0.49% Shares
Squarepoint Ops LLC $17,612,880 334,973 0.48% Shares
Ninety One UK Ltd $17,382,836 330,598 0.48% Shares
AQR CAPITAL MANAGEMENT LLC $16,926,529 322,656 0.46% Shares
WELLINGTON MANAGEMENT GROUP LLP $16,833,802 320,156 0.46% Shares
LAZARD ASSET MANAGEMENT LLC $16,675,694 317,149 0.46% Shares
SEI INVESTMENTS CO $16,089,168 305,986 0.44% Shares
JPMORGAN CHASE & CO $15,713,451 298,771 0.43% Shares
VICTORY CAPITAL MANAGEMENT INC $15,349,942 291,935 0.42% Shares
RHUMBLINE ADVISERS $14,281,671 271,619 0.39% Shares
ALPS ADVISORS INC $13,696,775 260,494 0.38% Shares
UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC $10,863,353 180,875 0.30% Shares
Qube Research & Technologies Ltd $10,830,744 205,986 0.30% Shares
NEW YORK STATE COMMON RETIREMENT FUND $10,361,204 197,056 0.28% Shares
Trexquant Investment LP $9,995,616 190,103 0.27% Shares

Show all 417 institutional owners →

Activists & 5%+ owners 2 positions

18

Investors who filed SEC Schedule 13D — beneficial ownership above 5% with an intent to influence the issuer (activist stakes, board campaigns, M&A). Each row shows the most recent known state of that filer's position.

Filer Filed Stake Status Purpose Filing
Dagmar Dolby, Dagmar Dolby, as Trustee of the Marital Trust under the Dolby Family Trust Instrument dated May 7, 1999, Dagmar Dolby, as Trustee of the Dagmar Dolby Trust under the Dolby Family Trust Instrument dated May 7, 1999, Dagmar Dolby, as Trustee of the Ray Dolby 2002 Trust A dated April 19, 2002, Dagmar Dolby, as Trustee of the Ray Dolby 2002 Trust B dated April 19, 2002, Dolby Holdings II LLC, Dolby Holdings III LLC, Dagmar Dolby, as Trustee of the Dagmar Dolby 2016 Trust B dated March 23, 2016, Thomas E. Dolby, David E. Dolby ×51 filings Feb. 13, 2026 36.00% Amendment · SEC
Ray Dolby, Dagmar Dolby, Ray and Dagmar Dolby, as Trustees of the Ray Dolby Trust under the Dolby Family Trust Instrument dated May 7, 1999, Ray and Dagmar Dolby, as Trustees of the Ray Dolby 2002 Trust A dated April 19, 2002, Ray and Dagmar Dolby, as Trustees of the Ray Dolby 2002 Trust B dated April 19, 2002, Ray and Dagmar Dolby, as Trustees of the Ray Dolby 2011 Trust A dated December 14, 2011, Ray and Dagmar Dolby, as Trustees of the Ray Dolby 2011 Trust B dated December 14, 2011, Thomas E. Dolby, David E. Dolby, Dolby Holdings II LLC ×5 filings March 5, 2013 · Initial filing · SEC

Purpose is an automated classification of the filer's own stated purpose (SEC Item 4) — not investment advice. "—" means no clear purpose was stated or the text could not be classified.

Company insiders 37 insiders · 21 officers · 15 directors

19
Insider Role Last activity Shares owned Buys 12m Sells 12m Net 12m
Marc Whitten President and CEO Sept. 15, 2026 A 160,256 0 0 $0
Kevin J Yeaman President and CEO Feb. 5, 2026 G 98,377 0 9 $-8,723,091
Robert J Park SVP & Chief Financial Officer May 12, 2026 S 81,490 0 2 $-277,440
Lewis Chew EVP & Chief Financial Officer Aug. 17, 2021 M 105,598 0 0 $0
Murray J Demo EVP & Chief Financial Officer May 25, 2012 M 0 0 0 $0
Janet L Daly V.P. & Chief Financial Officer June 16, 2005 A · 0 0 $0
John D Couling SVP, Entertainment Sept. 15, 2026 A 166,803 0 12 $-3,817,809
Mark Andrew Sherman EVP, Gen. Counsel & Secretary Sept. 15, 2026 A 119,024 0 4 $-1,079,441
Ryan Nicholson VP, CAO and Corp. Controller Aug. 25, 2026 S 34,453 0 4 $-359,536
Shriram Revankar SVP, Advanced Technology Group Aug. 14, 2026 S 73,274 0 4 $-747,900
Todd Pendleton SVP, Chief Marketing Officer May 22, 2026 S 41,480 0 1 $-647,836
Steven E Forshay SVP, Advanced Technology Group Dec. 15, 2021 F 55,022 0 0 $0
Giles Baker SVP, Consumer Entertainment Dec. 23, 2020 M 32,376 0 0 $0
Bob Borchers SVP & Chief Marketing Officer Dec. 15, 2017 F 45,032 0 0 $0
Michael Bergeron SVP, WW Sales and Field Oper. Aug. 16, 2016 M 12,556 0 0 $0
Michael J Rockwell EVP, Advanced Technology Group Jan. 26, 2015 S 99,697 0 0 $0
Ramzi Haidamus EVP, Marketing and Bus. Dev. March 19, 2013 S 113,477 0 0 $0
Mark S Anderson EVP, Gen. Coun. & Secrty. Dec. 16, 2010 M 18,900 0 0 $0
Timothy A Partridge EVP, Products and Technologies March 3, 2009 C 15,463 0 0 $0
Martin A Jaffe Exec. V.P., Bus. Affairs Feb. 23, 2009 C 15,463 0 0 $0
Eduard A Schummer Sr. V.P. & GM, Consumer Div. Feb. 1, 2006 C 791 0 0 $0
Emily Rollins Director April 1, 2026 S 12,541 0 1 $-60,080
Anjali Sud Director Feb. 3, 2026 A 16,079 0 0 $0
Simon Segars Director Feb. 3, 2026 A 47,150 0 0 $0
Tony A Prophet Director Feb. 3, 2026 A 13,015 0 1 $-223,905
David E. Dolby Director Feb. 3, 2026 A 92,718 0 0 $0
Avadis Tevanian Director Feb. 3, 2026 A 3,908 0 0 $0
Peter C Gotcher Director Feb. 3, 2026 A 44,641 0 0 $0
Micheline Chau Director Feb. 7, 2023 A 66,882 0 0 $0
SIBONI ROGER S Director Feb. 8, 2022 A 37,554 0 0 $0
William N Jasper JR Director Feb. 2, 2021 S 7,000 0 0 $0
Nicholas Donatiello JR Director May 17, 2018 G 18,411 0 0 $0
Sanford Robertson Director July 31, 2014 M 4,324 0 0 $0
Ted W Hall Director Feb. 7, 2012 A 17,901 0 0 $0
Dagmar Dolby 10% owner May 31, 2018 C 0 0 0 $0
Ray Dolby 10% owner June 10, 2013 C 0 0 0 $0
David K Watts · Nov. 14, 2006 A 0 0 0 $0

Insiders from SEC Form 3/4/5 filings; net = open-market P/S only

ETF ownership Held by 89 ETFs

20

Weight reflects direct equity holdings (N-PORT) only; leveraged or derivative-based funds may hold additional swap exposure not shown.

Fund Weight Units As of Source
RNIN · EA Series Trust 1.23% 38,077 NS July 31, 2026 N-PORT
FXL · First Trust Exchange-Traded AlphaDE… 1.11% 485,222 NS July 31, 2026 N-PORT
MUSQ · EXCHANGE TRADED CONCEPTS TRUST 0.99% 3,725 NS July 31, 2026 N-PORT
HSMV · First Trust Exchange-Traded Fund III 0.93% 5,568 NS July 31, 2026 N-PORT
QLV · FlexShares Trust 0.79% 22,008 NS July 31, 2026 N-PORT
SDVD · First Trust Exchange-Traded Fund IV 0.73% 112,835 NS July 31, 2026 N-PORT
VFMV · VANGUARD WELLINGTON FUND 0.71% 56,424 SH Aug. 19, 2026 Daily
HAPS · Harbor ETF Trust 0.67% 19,412 NS July 31, 2026 N-PORT
BKDV · BNY Mellon ETF Trust II 0.60% 187,026 NS July 31, 2026 N-PORT
MCOW · Pacer Funds Trust 0.58% 104 NS July 31, 2026 N-PORT
XMHQ · Invesco Exchange-Traded Fund Trust 0.48% 433,583 SH Oct. 1, 2026 Daily
FYT · First Trust Exchange-Traded AlphaDE… 0.40% 13,379 NS July 31, 2026 N-PORT
FYX · First Trust Exchange-Traded AlphaDE… 0.21% 49,772 NS July 31, 2026 N-PORT
GGME · Invesco Exchange-Traded Fund Trust 0.20% 1,491 SH Oct. 1, 2026 Daily
JVAL · J.P. Morgan Exchange-Traded Fund Tr… 0.18% 25,183 NS July 31, 2026 N-PORT
ROSC · Lattice Strategies Trust 0.17% 1,784 NS July 31, 2026 N-PORT
JPME · J.P. Morgan Exchange-Traded Fund Tr… 0.15% 12,103 NS July 31, 2026 N-PORT
TDVI · First Trust Exchange-Traded Fund IV 0.14% 12,310 NS July 31, 2026 N-PORT
NUSC · Nushares ETF Trust 0.14% 29,886 NS July 31, 2026 N-PORT
IQSM · New York Life Investments ETF Trust 0.14% 7,637 NS July 31, 2026 N-PORT
BBSC · J.P. Morgan Exchange-Traded Fund Tr… 0.13% 15,873 NS July 31, 2026 N-PORT
IGV · iShares Trust 0.13% 275,918 SH Sept. 11, 2026 Daily
JQUA · J.P. Morgan Exchange-Traded Fund Tr… 0.12% 168,501 NS July 31, 2026 N-PORT
QVMM · Invesco Exchange-Traded Fund Trust … 0.12% 7,999 SH Oct. 1, 2026 Daily
PTMC · Pacer Funds Trust 0.10% 6,738 NS July 31, 2026 N-PORT
IVOV · VANGUARD ADMIRAL FUNDS 0.10% 28,556 SH Aug. 19, 2026 Daily
FSMD · FIDELITY COVINGTON TRUST 0.10% 42,309 NS July 31, 2026 N-PORT
IVOO · VANGUARD ADMIRAL FUNDS 0.09% 97,363 SH Aug. 19, 2026 Daily
BKMC · BNY Mellon ETF Trust 0.09% 9,818 NS July 31, 2026 N-PORT
DFSV · Dimensional ETF Trust 0.08% 118,358 NS July 31, 2026 N-PORT
FAB · First Trust Exchange-Traded AlphaDE… 0.08% 2,313 NS July 31, 2026 N-PORT
MIDU · Direxion Shares ETF Trust 0.08% 886 NS July 31, 2026 N-PORT
DFAS · Dimensional ETF Trust 0.07% 195,025 NS July 31, 2026 N-PORT
IVOG · VANGUARD ADMIRAL FUNDS 0.07% 26,795 SH Aug. 19, 2026 Daily
ISCG · iShares Trust 0.06% 9,733 SH Sept. 11, 2026 Daily
EQAL · Invesco Exchange-Traded Fund Trust … 0.06% 8,061 SH Oct. 1, 2026 Daily
ESML · iShares Trust 0.06% 26,437 SH Sept. 11, 2026 Daily
FTEC · FIDELITY COVINGTON TRUST 0.06% 194,759 NS July 31, 2026 N-PORT
RWK · Invesco Exchange-Traded Fund Trust … 0.05% 11,461 SH Oct. 1, 2026 Daily
SMMD · iShares Trust 0.05% 32,097 SH Sept. 11, 2026 Daily
VGT · VANGUARD WORLD FUND 0.05% 1,540,378 SH Aug. 19, 2026 Daily
IGPT · Invesco Exchange-Traded Fund Trust 0.05% 11,681 SH Oct. 1, 2026 Daily
VXF · VANGUARD INDEX FUNDS 0.04% 692,961 SH Aug. 19, 2026 Daily
VB · VANGUARD INDEX FUNDS 0.04% 1,382,100 SH Aug. 19, 2026 Daily
VBK · VANGUARD INDEX FUNDS 0.04% 397,055 SH Aug. 19, 2026 Daily
VFMF · VANGUARD WELLINGTON FUND 0.04% 5,214 SH Aug. 19, 2026 Daily
IWS · iShares Trust 0.04% 90,359 SH Sept. 11, 2026 Daily
WSML · iShares Trust 0.03% 3,697 SH Sept. 11, 2026 Daily
VBR · VANGUARD INDEX FUNDS 0.03% 440,350 SH Aug. 19, 2026 Daily
PEXL · Pacer Funds Trust 0.03% 249 NS July 31, 2026 N-PORT
IWR · iShares Trust 0.03% 245,508 SH Sept. 11, 2026 Daily
DFAT · Dimensional ETF Trust 0.03% 64,891 NS July 31, 2026 N-PORT
DIVB · iShares Trust 0.02% 7,691 SH Sept. 11, 2026 Daily
IYW · iShares Trust 0.02% 73,643 SH Sept. 11, 2026 Daily
DFUV · Dimensional ETF Trust 0.02% 47,090 NS July 31, 2026 N-PORT
IGM · iShares Trust 0.02% 28,365 SH Sept. 11, 2026 Daily
DFAC · Dimensional ETF Trust 0.01% 119,088 NS July 31, 2026 N-PORT
DXUV · Dimensional ETF Trust 0.01% 1,332 NS July 31, 2026 N-PORT
PRF · Invesco Exchange-Traded Fund Trust 0.01% 22,041 SH Oct. 1, 2026 Daily
PFM · Invesco Exchange-Traded Fund Trust 0.01% 1,719 SH Oct. 1, 2026 Daily
DFSU · Dimensional ETF Trust 0.01% 4,579 NS July 31, 2026 N-PORT
OMFL · Invesco Exchange-Traded Self-Indexe… 0.01% 8,777 SH Oct. 1, 2026 Daily
VIG · VANGUARD SPECIALIZED FUNDS 0.01% 340,932 SH Aug. 19, 2026 Daily
VYM · VANGUARD WHITEHALL FUNDS 0.01% 232,819 SH Aug. 19, 2026 Daily
VONV · VANGUARD SCOTTSDALE FUNDS 0.01% 35,981 SH Aug. 19, 2026 Daily
IWD · iShares Trust 0.01% 132,013 SH Sept. 11, 2026 Daily
ESGV · VANGUARD WORLD FUND 0.01% 13,444 SH Aug. 19, 2026 Daily
DCOR · Dimensional ETF Trust 0.01% 4,557 NS July 31, 2026 N-PORT
IUSV · iShares Trust 0.01% 30,411 SH Sept. 11, 2026 Daily
IWB · iShares Trust 0.01% 43,088 SH Sept. 11, 2026 Daily
IYY · iShares Trust 0.01% 2,514 SH Sept. 11, 2026 Daily
ITOT · iShares Trust 0.01% 76,426 SH Sept. 11, 2026 Daily
IWV · iShares Trust 0.01% 15,933 SH Sept. 11, 2026 Daily
IUSG · iShares Trust 0.00% 24,604 SH Sept. 11, 2026 Daily
DFUS · Dimensional ETF Trust 0.00% 15,315 NS July 31, 2026 N-PORT
DFAU · Dimensional ETF Trust 0.00% 4,875 NS July 31, 2026 N-PORT
TILT · FlexShares Trust 0.00% 316 NS July 31, 2026 N-PORT
VTI · VANGUARD INDEX FUNDS 0.00% 1,921,558 SH Aug. 19, 2026 Daily
VT · VANGUARD INTERNATIONAL EQUITY INDEX… 0.00% 45,550 SH Aug. 19, 2026 Daily
VONE · VANGUARD SCOTTSDALE FUNDS 0.00% 9,761 SH Aug. 19, 2026 Daily
VTHR · VANGUARD SCOTTSDALE FUNDS 0.00% 4,886 SH Aug. 19, 2026 Daily
FTLS · First Trust Exchange-Traded Fund III -0.04% -17,027 NS July 31, 2026 N-PORT
IJH · iShares Trust · 2,117,471 SH Sept. 11, 2026 Daily
IJK · iShares Trust · 157,287 SH Sept. 11, 2026 Daily
IJJ · iShares Trust · 168,835 SH Aug. 21, 2026 Daily
XJH · iShares Trust · 8,247 SH Sept. 8, 2026 Daily
ISCB · iShares Trust · 2,632 SH Sept. 11, 2026 Daily
ISCV · iShares Trust · 6,344 SH Sept. 11, 2026 Daily
SMMV · iShares Trust · 25,638 SH Sept. 1, 2026 Daily

DLB Analyst Consensus Bullish and bearish analyst opinions, 12-month price target, upside

21
rating · 10 analysts BUY
Median target $85.00 +44.3%
4 40.0% Strong Buy
3 30.0% Buy
3 30.0% Hold
0 0.0% Sell
0 0.0% Strong Sell

12-Month Price Target

3 analysts · 2026-10-02

Mean target $79.00 +34.1%

← Below all targets Current price $58.89
Low$62.00 Mean$79.00 High$90.00

Peer comparison (GICS sub-industry) Key metrics vs sector peers

22

FY basis, prices as of each company's last fiscal year-end close.

Ticker Market Cap P/E Rev YoY Net Margin ROE Gross Margin
DLB · 27.6 5.9% 18.9% 10.0% 88.1%
NTSK $0 -4.7 31.7% -95.8% 325.4% 68.1%
PATH · 24.2 12.7% 17.5% 15.1% 83.2%
QLYS $4.75B 24.4 10.1% 29.6% 37.1% 82.8%
CVLT $3.21B 49.3 18.9% 6.0% 64.8% 81.2%
VRNS $3.86B -29.0 13.2% -20.7% -27.5% 78.8%
TENB · -78.4 11.0% -3.6% -10.7% 78.1%
ADEA $1.88B 17.4 17.9% 25.1% 25.3% ·
TDC $2.82B 22.5 -5.0% 7.8% 64.0% 59.4%
APPN $2.62B 1771.0 17.8% 0.17% -2.5% 72.5%
MSFT $2.77T 20.8 17.8% 40.3% 34.0% 67.9%

My Metrics Your personal watchlist — selected rows from Full Fundamentals

26

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Source: SEC 10-Q filed Jul 30, 2026