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Side-by-side financial comparison of Axsome Therapeutics, Inc. (AXSM) and Dolby Laboratories, Inc. (DLB). Click either name above to swap in a different company.

Dolby Laboratories, Inc. is the larger business by last-quarter revenue ($395.6M vs $196.0M, roughly 2.0× Axsome Therapeutics, Inc.). Dolby Laboratories, Inc. runs the higher net margin — 24.0% vs -14.6%, a 38.6% gap on every dollar of revenue. On growth, Axsome Therapeutics, Inc. posted the faster year-over-year revenue change (65.0% vs 7.1%). Over the past eight quarters, Axsome Therapeutics, Inc.'s revenue compounded faster (61.7% CAGR vs 13.9%).

Jazz Pharmaceuticals plc is a global biopharmaceutical company with a focus on oncology and neuroscience. It was founded in 2003 in California, United States and is now headquartered in Dublin, Ireland.

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.

AXSM vs DLB — Head-to-Head

Bigger by revenue
DLB
DLB
2.0× larger
DLB
$395.6M
$196.0M
AXSM
Growing faster (revenue YoY)
AXSM
AXSM
+58.0% gap
AXSM
65.0%
7.1%
DLB
Higher net margin
DLB
DLB
38.6% more per $
DLB
24.0%
-14.6%
AXSM
Faster 2-yr revenue CAGR
AXSM
AXSM
Annualised
AXSM
61.7%
13.9%
DLB

Income Statement — Q4 FY2025 vs Q3 FY2026

Metric
AXSM
AXSM
DLB
DLB
Revenue
$196.0M
$395.6M
Net Profit
$-28.6M
$94.9M
Gross Margin
88.7%
Operating Margin
-13.8%
28.5%
Net Margin
-14.6%
24.0%
Revenue YoY
65.0%
7.1%
Net Profit YoY
61.9%
3.4%
EPS (diluted)
$-0.55
$0.99

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.

Revenue
AXSM
AXSM
DLB
DLB
Q2 26
$395.6M
Q1 26
$346.7M
Q4 25
$196.0M
$346.7M
Q3 25
$171.0M
$307.0M
Q2 25
$150.0M
$315.5M
Q1 25
$121.5M
$369.6M
Q4 24
$118.8M
$357.0M
Q3 24
$104.8M
$304.8M
Net Profit
AXSM
AXSM
DLB
DLB
Q2 26
$94.9M
Q1 26
$53.3M
Q4 25
$-28.6M
$53.3M
Q3 25
$-47.2M
$49.3M
Q2 25
$-48.0M
$46.1M
Q1 25
$-59.4M
$91.8M
Q4 24
$-74.9M
$67.8M
Q3 24
$-64.6M
$58.6M
Gross Margin
AXSM
AXSM
DLB
DLB
Q2 26
88.7%
Q1 26
87.5%
Q4 25
87.5%
Q3 25
87.1%
Q2 25
86.1%
Q1 25
90.3%
Q4 24
88.6%
Q3 24
88.8%
Operating Margin
AXSM
AXSM
DLB
DLB
Q2 26
28.5%
Q1 26
17.9%
Q4 25
-13.8%
17.9%
Q3 25
-27.0%
9.7%
Q2 25
-24.5%
15.1%
Q1 25
-46.9%
29.2%
Q4 24
-61.1%
22.4%
Q3 24
-59.8%
15.2%
Net Margin
AXSM
AXSM
DLB
DLB
Q2 26
24.0%
Q1 26
15.4%
Q4 25
-14.6%
15.4%
Q3 25
-27.6%
16.1%
Q2 25
-32.0%
14.6%
Q1 25
-48.9%
24.8%
Q4 24
-63.1%
19.0%
Q3 24
-61.7%
19.2%
EPS (diluted)
AXSM
AXSM
DLB
DLB
Q2 26
$0.99
Q1 26
$0.55
Q4 25
$-0.55
$0.55
Q3 25
$-0.94
$0.50
Q2 25
$-0.97
$0.48
Q1 25
$-1.22
$0.94
Q4 24
$-1.54
$0.70
Q3 24
$-1.34
$0.59

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
AXSM
AXSM
DLB
DLB
Cash + ST InvestmentsLiquidity on hand
$322.9M
$594.7M
Total DebtLower is stronger
Stockholders' EquityBook value
$88.3M
$2.6B
Total Assets
$689.8M
$3.2B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AXSM
AXSM
DLB
DLB
Q2 26
$594.7M
Q1 26
$644.6M
Q4 25
$322.9M
$644.6M
Q3 25
$325.3M
$702.6M
Q2 25
$303.0M
$699.3M
Q1 25
$300.9M
$626.6M
Q4 24
$315.4M
$520.8M
Q3 24
$327.3M
$482.0M
Stockholders' Equity
AXSM
AXSM
DLB
DLB
Q2 26
$2.6B
Q1 26
$2.6B
Q4 25
$88.3M
$2.6B
Q3 25
$73.7M
$2.6B
Q2 25
$73.1M
$2.6B
Q1 25
$53.2M
$2.6B
Q4 24
$57.0M
$2.5B
Q3 24
$92.9M
$2.5B
Total Assets
AXSM
AXSM
DLB
DLB
Q2 26
$3.2B
Q1 26
$3.2B
Q4 25
$689.8M
$3.2B
Q3 25
$669.3M
$3.2B
Q2 25
$639.8M
$3.2B
Q1 25
$596.7M
$3.2B
Q4 24
$568.5M
$3.2B
Q3 24
$561.5M
$3.1B

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
AXSM
AXSM
DLB
DLB
Operating Cash FlowLast quarter
$-18.7M
$147.3M
Free Cash FlowOCF − Capex
$-18.7M
FCF MarginFCF / Revenue
-9.6%
Capex IntensityCapex / Revenue
0.0%
Cash ConversionOCF / Net Profit
1.55×
TTM Free Cash FlowTrailing 4 quarters
$-93.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AXSM
AXSM
DLB
DLB
Q2 26
$147.3M
Q1 26
$54.8M
Q4 25
$-18.7M
$54.8M
Q3 25
$1.0M
$472.2M
Q2 25
$-32.4M
$67.7M
Q1 25
$-43.4M
$174.9M
Q4 24
$-26.2M
$106.8M
Q3 24
$-18.6M
$327.3M
Free Cash Flow
AXSM
AXSM
DLB
DLB
Q2 26
Q1 26
Q4 25
$-18.7M
$50.2M
Q3 25
$988.0K
$435.9M
Q2 25
$-32.4M
$61.3M
Q1 25
$-43.7M
$168.0M
Q4 24
$-26.2M
$100.0M
Q3 24
$-18.7M
$297.2M
FCF Margin
AXSM
AXSM
DLB
DLB
Q2 26
Q1 26
Q4 25
-9.6%
14.5%
Q3 25
0.6%
142.0%
Q2 25
-21.6%
19.4%
Q1 25
-36.0%
45.5%
Q4 24
-22.1%
28.0%
Q3 24
-17.9%
97.5%
Capex Intensity
AXSM
AXSM
DLB
DLB
Q2 26
Q1 26
Q4 25
0.0%
1.3%
Q3 25
0.0%
11.8%
Q2 25
0.0%
2.0%
Q1 25
0.3%
1.9%
Q4 24
0.0%
1.9%
Q3 24
0.1%
9.8%
Cash Conversion
AXSM
AXSM
DLB
DLB
Q2 26
1.55×
Q1 26
1.03×
Q4 25
1.03×
Q3 25
9.57×
Q2 25
1.47×
Q1 25
1.91×
Q4 24
1.57×
Q3 24
5.59×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

AXSM
AXSM

Segment breakdown not available.

DLB
DLB

Licensing$372.2M94%
Products and services$23.4M6%

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