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Side-by-side financial comparison of APOGEE ENTERPRISES, INC. (APOG) and Dolby Laboratories, Inc. (DLB). Click either name above to swap in a different company.
APOGEE ENTERPRISES, INC. is the larger business by last-quarter revenue ($348.6M vs $346.7M, roughly 1.0× Dolby Laboratories, Inc.). Dolby Laboratories, Inc. runs the higher net margin — 15.4% vs 4.7%, a 10.6% gap on every dollar of revenue. On growth, APOGEE ENTERPRISES, INC. posted the faster year-over-year revenue change (2.1% vs -2.9%). Dolby Laboratories, Inc. produced more free cash flow last quarter ($50.2M vs $22.9M). Over the past eight quarters, APOGEE ENTERPRISES, INC.'s revenue compounded faster (-1.9% CAGR vs -2.5%).
Apogee Electronics is an American manufacturer of audio interfaces, analog-to-digital and digital-to-analog converters, USB & iOS microphones, and audio production software.
Dolby Laboratories, Inc. 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.
APOG vs DLB — Head-to-Head
Income Statement — Q3 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $348.6M | $346.7M |
| Net Profit | $16.5M | $53.3M |
| Gross Margin | 23.8% | 87.5% |
| Operating Margin | 7.1% | 17.9% |
| Net Margin | 4.7% | 15.4% |
| Revenue YoY | 2.1% | -2.9% |
| Net Profit YoY | -21.2% | -21.4% |
| EPS (diluted) | $0.77 | $0.55 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q4 25 | $348.6M | $346.7M | ||
| Q3 25 | $358.2M | $307.0M | ||
| Q2 25 | $346.6M | $315.5M | ||
| Q1 25 | $345.7M | $369.6M | ||
| Q4 24 | $341.3M | $357.0M | ||
| Q3 24 | $342.4M | $304.8M | ||
| Q2 24 | $331.5M | $288.8M | ||
| Q1 24 | $361.8M | $364.5M |
| Q4 25 | $16.5M | $53.3M | ||
| Q3 25 | $23.6M | $49.3M | ||
| Q2 25 | $-2.7M | $46.1M | ||
| Q1 25 | $2.5M | $91.8M | ||
| Q4 24 | $21.0M | $67.8M | ||
| Q3 24 | $30.6M | $58.6M | ||
| Q2 24 | $31.0M | $38.4M | ||
| Q1 24 | $15.7M | $97.8M |
| Q4 25 | 23.8% | 87.5% | ||
| Q3 25 | 23.1% | 87.1% | ||
| Q2 25 | 21.7% | 86.1% | ||
| Q1 25 | 21.6% | 90.3% | ||
| Q4 24 | 26.1% | 88.6% | ||
| Q3 24 | 28.4% | 88.8% | ||
| Q2 24 | 29.8% | 87.7% | ||
| Q1 24 | 24.4% | 89.4% |
| Q4 25 | 7.1% | 17.9% | ||
| Q3 25 | 7.5% | 9.7% | ||
| Q2 25 | 2.0% | 15.1% | ||
| Q1 25 | 1.8% | 29.2% | ||
| Q4 24 | 8.4% | 22.4% | ||
| Q3 24 | 12.3% | 15.2% | ||
| Q2 24 | 12.5% | 12.7% | ||
| Q1 24 | 6.0% | 29.9% |
| Q4 25 | 4.7% | 15.4% | ||
| Q3 25 | 6.6% | 16.1% | ||
| Q2 25 | -0.8% | 14.6% | ||
| Q1 25 | 0.7% | 24.8% | ||
| Q4 24 | 6.1% | 19.0% | ||
| Q3 24 | 8.9% | 19.2% | ||
| Q2 24 | 9.4% | 13.3% | ||
| Q1 24 | 4.3% | 26.8% |
| Q4 25 | $0.77 | $0.55 | ||
| Q3 25 | $1.10 | $0.50 | ||
| Q2 25 | $-0.13 | $0.48 | ||
| Q1 25 | $0.12 | $0.94 | ||
| Q4 24 | $0.96 | $0.70 | ||
| Q3 24 | $1.40 | $0.59 | ||
| Q2 24 | $1.41 | $0.40 | ||
| Q1 24 | $0.71 | $1.01 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $41.3M | $644.6M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $512.3M | $2.6B |
| Total Assets | $1.1B | $3.2B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $41.3M | $644.6M | ||
| Q3 25 | $39.5M | $702.6M | ||
| Q2 25 | $32.8M | $699.3M | ||
| Q1 25 | $41.4M | $626.6M | ||
| Q4 24 | $43.9M | $520.8M | ||
| Q3 24 | $51.0M | $482.0M | ||
| Q2 24 | $30.4M | $869.0M | ||
| Q1 24 | $37.2M | $825.4M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | $285.0M | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | $62.0M | — |
| Q4 25 | $512.3M | $2.6B | ||
| Q3 25 | $500.2M | $2.6B | ||
| Q2 25 | $481.8M | $2.6B | ||
| Q1 25 | $487.9M | $2.6B | ||
| Q4 24 | $522.1M | $2.5B | ||
| Q3 24 | $506.4M | $2.5B | ||
| Q2 24 | $480.0M | $2.4B | ||
| Q1 24 | $471.0M | $2.4B |
| Q4 25 | $1.1B | $3.2B | ||
| Q3 25 | $1.2B | $3.2B | ||
| Q2 25 | $1.2B | $3.2B | ||
| Q1 25 | $1.2B | $3.2B | ||
| Q4 24 | $1.2B | $3.2B | ||
| Q3 24 | $917.1M | $3.1B | ||
| Q2 24 | $889.0M | $3.0B | ||
| Q1 24 | $884.1M | $3.0B |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | 0.58× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | 0.13× | — |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $29.3M | $54.8M |
| Free Cash FlowOCF − Capex | $22.9M | $50.2M |
| FCF MarginFCF / Revenue | 6.6% | 14.5% |
| Capex IntensityCapex / Revenue | 1.9% | 1.3% |
| Cash ConversionOCF / Net Profit | 1.77× | 1.03× |
| TTM Free Cash FlowTrailing 4 quarters | $67.4M | $715.3M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $29.3M | $54.8M | ||
| Q3 25 | $57.1M | $472.2M | ||
| Q2 25 | $-19.8M | $67.7M | ||
| Q1 25 | $30.0M | $174.9M | ||
| Q4 24 | $31.0M | $106.8M | ||
| Q3 24 | $58.7M | $327.3M | ||
| Q2 24 | $5.5M | $21.3M | ||
| Q1 24 | $74.9M | $181.4M |
| Q4 25 | $22.9M | $50.2M | ||
| Q3 25 | $52.4M | $435.9M | ||
| Q2 25 | $-26.9M | $61.3M | ||
| Q1 25 | $19.1M | $168.0M | ||
| Q4 24 | $22.0M | $100.0M | ||
| Q3 24 | $50.2M | $297.2M | ||
| Q2 24 | $-1.8M | $13.7M | ||
| Q1 24 | $58.7M | $172.5M |
| Q4 25 | 6.6% | 14.5% | ||
| Q3 25 | 14.6% | 142.0% | ||
| Q2 25 | -7.8% | 19.4% | ||
| Q1 25 | 5.5% | 45.5% | ||
| Q4 24 | 6.4% | 28.0% | ||
| Q3 24 | 14.7% | 97.5% | ||
| Q2 24 | -0.5% | 4.7% | ||
| Q1 24 | 16.2% | 47.3% |
| Q4 25 | 1.9% | 1.3% | ||
| Q3 25 | 1.3% | 11.8% | ||
| Q2 25 | 2.1% | 2.0% | ||
| Q1 25 | 3.2% | 1.9% | ||
| Q4 24 | 2.6% | 1.9% | ||
| Q3 24 | 2.5% | 9.8% | ||
| Q2 24 | 2.2% | 2.6% | ||
| Q1 24 | 4.5% | 2.4% |
| Q4 25 | 1.77× | 1.03× | ||
| Q3 25 | 2.41× | 9.57× | ||
| Q2 25 | — | 1.47× | ||
| Q1 25 | 12.08× | 1.91× | ||
| Q4 24 | 1.48× | 1.57× | ||
| Q3 24 | 1.92× | 5.59× | ||
| Q2 24 | 0.18× | 0.55× | ||
| Q1 24 | 4.76× | 1.85× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
APOG
| Transferred At Point In Time | $163.0M | 47% |
| Architectural Services Segment | $105.2M | 30% |
| Performance Surfaces | $53.0M | 15% |
| UW Interco LLC | $27.9M | 8% |
DLB
| Licensing Brodcast Revenue | $100.3M | 29% |
| Licensing Mobile Revenue | $74.9M | 22% |
| Licensing Other Revenue | $70.2M | 20% |
| Licensing CE Revenue | $45.6M | 13% |
| Licensing PC Revenue | $28.7M | 8% |
| Products And Services | $26.9M | 8% |
