AIP vs DLB vs UMC Stock Comparison

Arteris, Dolby Laboratories and United Microelectronics Prices as of Oct 27, 2026 Peers: Industry group
AIP Arteris, Inc.
$20.95 -12.3% 1M +46.3% 1Y
Market cap
$1.03B
P/E
–
Revenue (TTM)
$84.62M
Div. yield
–
Semiconductor EDA Software Technology
DLB Dolby Laboratories, Inc.
$62.74 +7.0% 1M -7.2% 1Y
Market cap
$5.91B
P/E
26.1x
Revenue (TTM)
$1.35B
Div. yield
2.30%
Semiconductor EDA Software Technology
3 wins
UMC United Microelectronics Corp
$19.47 -19.9% 1M +157.2% 1Y
Market cap
$49.02B
P/E
18.1x
Revenue (TTM)
$13.76B
Div. yield
2.05%
Semiconductor Manufacturing Technology
9 wins

Head to Head

12 decided of 12

United Microelectronics leads on 9 of the 12 questions below (United Microelectronics 9, Dolby Laboratories 3). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionAIPDLBUMCLeader
Larger companyMarket capitalisation $1.03B $5.91B $49.02B UMC
Cheaper on earningsLower P/E, profitable companies only -25.1x 26.1x 18.1x UMC
Cheaper on forward earningsLower price / next fiscal year consensus EPS — 14.0x 17.7x DLB
Faster revenue growthRevenue growth, trailing twelve months +33.8% +0.6% +85.6% UMC
More profitableNet margin, trailing twelve months -46.7% 16.7% 19.1% UMC
Better return on capitalReturn on invested capital -101.1% — 10.6% UMC
Less leveragedLower net debt / EBITDA 3.3x — -0.9x UMC
Higher dividend yieldTrailing dividend yield 0.00% 2.30% 2.05% DLB
Better 1-year returnPrice return, last 12 months +46.3% -7.2% +157.2% UMC
Better 5-year returnAnnualised price return, 5 years +3.0%/yr -6.4%/yr +13.0%/yr UMC
Less volatileAnnualised volatility, 1 year 79.2% 30.2% 64.4% DLB
Higher overall scoreMean of the five percentile scores vs peers 29/100 66/100 72/100 UMC

Percentile Scorecard

AIPDLBUMC

Each axis is the mean percentile of its metrics against the company's industry group. 100 is the best in the group, 50 the middle.

Scores by Axis

AxisAIPDLBUMC
Valuation 11 #84 of 94 87 #13 of 94 83 #17 of 94
Growth 77 #22 of 92 25 #69 of 92 56 #41 of 92
Profitability 18 #74 of 90 72 #26 of 90 73 #25 of 90
Financial Health 27 #73 of 99 60 #40 of 99 55 #45 of 99
Shareholder Returns 11 #65 of 73 85 #12 of 73 93 #6 of 73
Overall 29 66 72
  • AIP ranked among 103 companies in Semiconductors
  • DLB ranked among 103 companies in Semiconductors
  • UMC ranked among 103 companies in Semiconductors

Price Performance

Price return, split-adjusted, before dividends. Click a name to hide or show it.

Returns

PeriodAIPDLBUMCSPY
1 month -12.3%+7.0%-19.9% -0.2%
3 months -27.7%+19.5%+12.1% +3.9%
6 months -18.3%-0.3%+67.0% +8.2%
Year to date +35.2%-2.3%+147.7% +12.9%
1 year +46.3%-7.2%+157.2% +12.3%
3 years +290.1%-20.2%+175.4% +87.4%
3 years, per year +57.5%-7.3%+40.2% +23.3%
5 years +16.0%-28.2%+83.9% +67.9%
5 years, per year +3.0%-6.4%+13.0% +10.9%
10 years —+29.9%+958.2% +261.1%
10 years, per year —+2.7%+26.6% +13.7%

Risk

MeasureAIPDLBUMCSPY
Volatility, 1Y 79.2%30.2%64.4% 12.7%
Downside volatility, 1Y 81.1%31.5%56.8% 12.7%
Beta vs S&P 500, 1Y 3.620.541.79 1.00
Return / volatility, 1Y 0.58-0.242.44 0.97
Max drawdown, 5Y -87.6%-49.6%-57.3% -25.4%
From 52-week high -56.9%-9.2%-30.5% -1.2%
52-week high $48.59$69.09$28.01 $779.14
52-week low $12.32$48.50$7.02 $631.97

Valuation History

Weekly multiples on trailing twelve-month fundamentals. Negative or extreme readings (a loss year, a collapsed denominator) are left out so the chart stays readable.

MultipleAIPDLBUMC
P/E now vs peer median -25.1xmedian 45.6x 26.1xmedian 45.6x 18.1xmedian 45.6x
P/S now vs peer median 12.1xmedian 7.7x 4.4xmedian 7.7x 3.6xmedian 7.7x
EV/EBITDA now vs peer median -25.4xmedian 29.0x 15.8xmedian 29.0x 13.0xmedian 29.0x
P/FCF now vs peer median 151.9xmedian 40.6x 15.1xmedian 40.6x 24.8xmedian 40.6x
P/B now vs peer median 15.2xmedian 4.6x 2.3xmedian 4.6x 3.5xmedian 4.6x
PEG now vs peer median -6.64median 2.28 12.55median 2.28 26.42median 2.28

Financial History

Reported figures by fiscal period, placed on the calendar year (or quarter) each period ended in, so companies with different fiscal years line up.

Trailing twelve monthsAIPDLBUMC
Revenue $84.62M $1.35B $13.76B
Gross profit $74.13M $1.19B $2.47B
Operating income -$40.39M $239.10M $1.60B
Net income -$39.52M $228.00M $2.62B
Free cash flow $6.77M $392.67M $1.98B
R&D $57.09M $265.94M $609.13M
EPS (diluted) $-0.84 $2.39 $1.07
Cash & equivalents $93.27M $669.39M $3.91B
Total debt $3.50M – $4.90B
Shares (diluted) 47.28M 94.52M 2.47B
Enterprise value $773.89M $3.31B $34.27B

All Metrics

58 metrics · best in bold

Bold marks the best reading: the lowest positive value for multiples, leverage and payout, the highest for everything else. The bar under each value is its percentile against that company's own peers. Hover a value for its rank and the peer median.

Valuation

12 metrics
MetricAIPDLBUMC
P/E -25.1x 26.1x 18.1x
P/FCF 151.9x 15.1x 24.8x
P/Operating cash flow 120.8x 13.5x 13.9x
P/S 12.1x 4.4x 3.6x
P/B 15.2x 2.3x 3.5x
P/Tangible book 21.0x 2.7x 3.5x
EV/EBITDA -25.4x 15.8x 13.0x
EV/EBIT -22.5x 21.9x 28.7x
EV/Revenue 10.7x 3.9x 3.3x
EV/FCF 134.4x 13.4x 23.2x
EV/Operating cash flow 106.9x 12.0x 13.0x
PEG (3Y EPS CAGR) -6.64 12.55 26.42

Growth

14 metrics
MetricAIPDLBUMC
Revenue growth (1Y) 33.8% 0.6% 85.6%
Revenue CAGR (3Y) – 1.7% 18.5%
Gross profit growth (1Y) 30.2% -0.5% 11.3%
Gross profit CAGR (3Y) – 1.5% -10.1%
Operating income growth (1Y) -30.4% -15.1% 9.6%
Operating income CAGR (3Y) – -1.0% -16.5%
Net income growth (1Y) -19.2% -14.2% 104.8%
Net income CAGR (3Y) -6.1% 1.3% -0.2%
EPS growth (1Y) -5.5% -12.3% 116.8%
EPS CAGR (3Y) 3.8% 2.1% 0.7%
Operating cash flow growth (1Y) 850.8% -6.0% 17.5%
Operating cash flow CAGR (3Y) 36.6% 9.5% -3.7%
Free cash flow growth (1Y) 486.2% -10.4% 447.4%
Free cash flow CAGR (3Y) 33.8% 9.3% -7.5%

Profitability

14 metrics
MetricAIPDLBUMC
Gross margin 87.6% 87.6% 18.0%
EBITDA margin -42.4% 24.5% 25.6%
Operating margin -47.7% 17.7% 11.6%
Pretax margin -51.7% 20.4% 30.3%
Net margin -46.7% 16.7% 19.1%
FCF margin 8.0% 29.0% 14.4%
Operating cash flow margin 10.1% 32.3% 25.6%
Return on equity -117.0% 8.7% 19.7%
Return on assets -22.5% 7.1% 13.2%
Return on invested capital -101.1% – 10.6%
Return on capital employed -45.4% 8.6% 9.7%
Asset turnover 0.5x 0.4x 0.7x
Cash conversion (OCF / net income) -0.2x 1.9x 1.3x
Stock comp / revenue 25.3% 9.6% 0.1%

Financial Health

11 metrics
MetricAIPDLBUMC
Debt / assets 1.6% – 3.5%
Debt / equity 0.1x – 0.1x
Net debt / EBITDA 3.3x – -0.9x
Debt / FCF 0.5x – 0.4x
Liabilities / assets 69.9% 17.9% 33.3%
Equity / assets 30.1% 82.1% 66.7%
Interest coverage -236.2x – 30.3x
Current ratio 1.6x 3.2x 2.2x
Quick ratio 1.5x 3.1x 1.6x
Cash ratio 1.3x 1.6x 1.2x
Altman Z-score 2.79 8.47 –

Shareholder Returns

7 metrics
MetricAIPDLBUMC
Dividend yield – 2.3% 2.1%
Net buyback yield -7.3% 3.5% –
Shareholder yield -7.3% 5.8% 2.1%
Payout ratio (earnings) – 58.9% –
Payout ratio (FCF) – 34.2% –
Dividend growth (1Y) – 8.6% –
Dividend CAGR (3Y) – 9.6% –

Analyst Estimates

Solid lines are reported fiscal-year results; dashed lines are the consensus for the years ahead. Hover a year for the analysts' high and low, and how each result compared with its estimate.

ConsensusAIPDLBUMC
Forward P/E – 14.0xFY2026 17.7xFY2026
EPS, next fiscal year $-0.17FY2026 $4.49FY2026 $1.10FY2026
EPS growth, next FY – +5.9%FY2026 +107.5%FY2026
EPS growth, the year after – +4.7% -2.7%
Revenue, next fiscal year $91.38MFY2026 $1.50BFY2026 $8.52BFY2026
Revenue growth, next FY +29.5%FY2026 +11.1%FY2026 +12.1%FY2026
Revenue growth, the year after +22.1% -7.7% +24.7%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersAIPDLBUMC
Held by institutions 64.9% 100.0% 7.1%
Institutions holding 209 389 362
Change in shares held, QoQ +14.9% +5.8% +3.2%
Institutions buying 163 195 220
Institutions selling 40 148 109
Buyers to sellers 4.08 1.32 2.02

Return Correlation

Daily returns, last 12 months

1.00 means two stocks move in lockstep, 0 that they move independently. Pairs below about 0.5 diversify each other.

AIPDLBUMC
AIP 1.00 0.12 0.45
DLB 0.12 1.00 0.02
UMC 0.45 0.02 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, AIP, DLB and UMC?

United Microelectronics (UMC) is the largest by market capitalisation: Arteris (AIP) $1.03B, Dolby Laboratories (DLB) $5.91B, United Microelectronics (UMC) $49.02B.

Which stock is cheaper, AIP, DLB and UMC?

United Microelectronics (UMC) trades on the lowest price-to-earnings ratio (Arteris (AIP) -25.1x, Dolby Laboratories (DLB) 26.1x, United Microelectronics (UMC) 18.1x). On next year's consensus earnings, Dolby Laboratories (DLB) is cheapest (Dolby Laboratories (DLB) 14.0x, United Microelectronics (UMC) 17.7x). A lower multiple can reflect slower expected growth, so read it next to the growth figures.

Which company is growing faster?

United Microelectronics (UMC) grew revenue fastest over the trailing twelve months: Arteris (AIP) +33.8%, Dolby Laboratories (DLB) +0.6%, United Microelectronics (UMC) +85.6%.

Which company is more profitable?

United Microelectronics (UMC) has the highest net margin (Arteris (AIP) -46.7%, Dolby Laboratories (DLB) 16.7%, United Microelectronics (UMC) 19.1%). On return on invested capital, United Microelectronics (UMC) leads (Arteris (AIP) -101.1%, United Microelectronics (UMC) 10.6%).

Which stock has performed better?

Over the past year United Microelectronics (UMC) returned the most: Arteris (AIP) +46.3%, Dolby Laboratories (DLB) -7.2%, United Microelectronics (UMC) +157.2%. Over five years, United Microelectronics (UMC) compounded fastest (Arteris (AIP) +3.0%/yr, Dolby Laboratories (DLB) -6.4%/yr, United Microelectronics (UMC) +13.0%/yr). Returns are price only, before dividends.

Which pays a higher dividend?

Dolby Laboratories (DLB) has the highest dividend yield: Arteris (AIP) 0.00%, Dolby Laboratories (DLB) 2.30%, United Microelectronics (UMC) 2.05%. Arteris (AIP) pays no regular dividend.

Which stock is riskier?

By one-year price volatility, Dolby Laboratories (DLB) has been the steadiest (Arteris (AIP) 79.2%, Dolby Laboratories (DLB) 30.2%, United Microelectronics (UMC) 64.4%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, AIP, DLB and UMC?

There is no single answer; it depends on what you are buying for. On the 12 head-to-head measures on this page, United Microelectronics (UMC) leads on 9. Business Quant does not give investment advice; use the comparison as a starting point for your own research.

Data from SEC filings, exchange prices and consensus estimates, via Business Quant. Percentile scores compare each company with its own peer group, so two companies' scores are each relative to different peers unless you rank against the whole market. Price returns exclude dividends. Nothing on this page is investment advice.