Dolby Laboratories, Inc.

DLBNYSETechnology● Active

$53.78

$-0.26(-0.48%)

Market Cap$5.1B

P/E Ratio—

52W High$77

52W Low$52.45

Avg Volume723K

Open$54.14

Beta0.80

Free Cash Flow Financials Revenue

Dolby Laboratories, Inc. (DLB) Free Cash Flow & Analysis

Annual & trailing free cash flow, FCF margin, YoY change, valuation ratios, and peer context.

DLB · free cash flow · updated Jun 8, 2026

Core FCF metrics

DLB · FCF · TTM · margin & CAGR

Free cash flow was $430.3M for FY2025 (fiscal year ending 2025-09-26), up 44.7% year-over-year The FCF margin was 31.9%. Five-year CAGR stands at +9.4%.

FY2025 Free Cash Flow$430.3M▲ +44.7% YoY

Trailing 12M (TTM)$295.1Mtrailing 4 quarters sum

FCF Margin31.9%$430.3M ÷ revenue

3-Year CAGR+18.4%FY2022 → FY2025

5-Year CAGR+9.4%FY2020 → FY2025

FormulaFCF = Operating Cash Flow − Capital ExpendituresTTM = trailing 4 quarters sumCAGR → N/A if either endpoint ≤ 0

Source: FMP /cash-flow-statement · SEC 10-K / 10-Q · USDUpdated: Jun 8, 2026

Annual free cash flow history

FCF ($B, upper) · YoY Growth % (lower)

Positive FCFNegative FCF

Free Cash Flow

YoY Growth %

Annual free cash flow data

DLB · free cash flow history · annual / quarterly

Fiscal YearOperating CFCapExFree Cash FlowYoY ChangeFCF Margin

FY2025Latest$472.2M(42M)$430.3M▲ +44.7%31.9%

FY2024$327.3M(30M)$297.2M▼ 11.7%23.3%

FY2023$367.1M(30M)$336.7M▲ +30.0%25.9%

FY2022$318.6M(59M)$259.1M▼ 34.1%20.7%

FY2021$447.8M(54M)$393.3M▲ +43.1%30.7%

FCF = Operating Cash Flow − Capital Expenditures · CapEx shown as (negative) · Source: SEC filings via FMP

FCF valuation metrics

DLB · P/FCF · FCF yield · FCF per share

Dolby Laboratories, Inc. (DLB) trades at a FCF yield of 5.74% and a price-to-free-cash-flow ratio of 17.5x. FCF per share stands at $3.08, calculated using trailing twelve-month FCF divided by basic weighted-average shares outstanding.

FCF Yield (TTM)

5.74%

Free Cash Flow ÷ Market Cap

per FMP freeCashFlowYieldTTM definition

FCF per Share (TTM)

$3.08

TTM FCF ÷ Shares Outstanding

Price / FCF

x17.5

Share Price ÷ FCF per Share

EV / FCF (TTM)

x15.6

Enterprise Value basis

Source: FMP /key-metrics-ttm · /cash-flow-statement Q · /income-statementFY2025 · 2025-09-26

Cash flow statement summary

DLB · cash flow statement · operating / investing / financing

For FY2025, Dolby Laboratories, Inc. generated $472.2M in operating cash flow and spent 42M in capital expenditures, yielding $430.3M in free cash flow.

Operating Activities

+$472.2M

Cash from core business operations

2025-09-26

Investing Activities

−$10.6M

CapEx, acquisitions & investments

2025-09-26

Financing Activities

−$247.2M

Buybacks, dividends & debt

2025-09-26

FCF FormulaOperating CF ($472.2M) − |CapEx| (42M) = FCF ($430.3M)

For the complete Operating / Investing / Financing line-item breakdown:

View Full Cash Flow Statement →

Free cash flow vs peers (Technology)

DLB vs peers · FCF

#CompanyFree Cash FlowYoYFCF MarginRelative

Dolby Laboratories, Inc.YOU

DLB

$430.3M+44.7%31.9%

Taiwan Semiconductor Manufacturing Company Limited

Microsoft Corporation

Technology · Sorted by FCF · FMP /cash-flow-statementFull FCF Rankings →

About Free Cash Flow & Methodology

Dolby Laboratories, Inc. (DLB) reported free cash flow of $430.3M for FY2025 (fiscal year ending 2025-09-26), up 44.7% year-over-year. The FCF margin was 31.9%.

Based on available data, Dolby Laboratories, Inc. has maintained positive free cash flow for at least 15 fiscal year(s). FCF peaked at $430.3M in FY2025. The 5-year CAGR stands at +9.4%.

Dolby Laboratories, Inc.'s FCF yield is 5.74% and price-to-FCF ratio is 17.5x for FY2025, based on the latest available data.

Data sourced from FMP /cash-flow-statement · SEC 10-K / 10-Q · USD.

Q&A and summaries align with SEC 10-K/10-Q cash flow disclosures and FMP /cash-flow-statement where noted.

Revenue Financial statements Net income Earnings Forecast Price history Market cap Cash on hand P/E ratio

Frequently asked questions

DLB free cash flow · 8 questions

Dolby Laboratories, Inc. free cash flow was $430.3M for FY2025, up 44.7% year-over-year. On a trailing twelve-month (TTM) basis, free cash flow stands at $295.1M.

DLB free cash flowDLB FCFDLB FCF 2025DLB free cash flow TTM

▸ Source: FMP /cash-flow-statement · US GAAP · Dolby Laboratories, Inc. · Dolby Laboratories, Inc. SEC 10-K & 10-Q filings · US GAAP · Last updated: Jun 8, 2026