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Side-by-side financial comparison of California Resources Corp (CRC) and Dolby Laboratories, Inc. (DLB). Click either name above to swap in a different company.

California Resources Corp is the larger business by last-quarter revenue ($679.0M vs $395.6M, roughly 1.7× Dolby Laboratories, Inc.). Dolby Laboratories, Inc. runs the higher net margin — 24.0% vs 1.8%, a 22.2% gap on every dollar of revenue. On growth, Dolby Laboratories, Inc. posted the faster year-over-year revenue change (7.1% vs -17.8%). Over the past eight quarters, California Resources Corp's revenue compounded faster (25.8% CAGR vs 13.9%).

California Resources Corporation is an American energy corporation engaged in hydrocarbon exploration in California. It is organized in Delaware and headquartered in Long Beach, California. Its mineral acreage holdings in California constitute the largest privately held position in the state.

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.

CRC vs DLB — Head-to-Head

Bigger by revenue
CRC
CRC
1.7× larger
CRC
$679.0M
$395.6M
DLB
Growing faster (revenue YoY)
DLB
DLB
+24.9% gap
DLB
7.1%
-17.8%
CRC
Higher net margin
DLB
DLB
22.2% more per $
DLB
24.0%
1.8%
CRC
Faster 2-yr revenue CAGR
CRC
CRC
Annualised
CRC
25.8%
13.9%
DLB

Income Statement — Q4 FY2025 vs Q3 FY2026

Metric
CRC
CRC
DLB
DLB
Revenue
$679.0M
$395.6M
Net Profit
$12.0M
$94.9M
Gross Margin
88.7%
Operating Margin
6.9%
28.5%
Net Margin
1.8%
24.0%
Revenue YoY
-17.8%
7.1%
Net Profit YoY
-63.6%
3.4%
EPS (diluted)
$0.21
$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
CRC
CRC
DLB
DLB
Q2 26
$395.6M
Q1 26
$346.7M
Q4 25
$679.0M
$346.7M
Q3 25
$715.0M
$307.0M
Q2 25
$702.0M
$315.5M
Q1 25
$814.0M
$369.6M
Q4 24
$826.0M
$357.0M
Q3 24
$870.0M
$304.8M
Net Profit
CRC
CRC
DLB
DLB
Q2 26
$94.9M
Q1 26
$53.3M
Q4 25
$12.0M
$53.3M
Q3 25
$64.0M
$49.3M
Q2 25
$172.0M
$46.1M
Q1 25
$115.0M
$91.8M
Q4 24
$33.0M
$67.8M
Q3 24
$345.0M
$58.6M
Gross Margin
CRC
CRC
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
CRC
CRC
DLB
DLB
Q2 26
28.5%
Q1 26
17.9%
Q4 25
6.9%
17.9%
Q3 25
13.7%
9.7%
Q2 25
38.0%
15.1%
Q1 25
22.9%
29.2%
Q4 24
8.2%
22.4%
Q3 24
59.5%
15.2%
Net Margin
CRC
CRC
DLB
DLB
Q2 26
24.0%
Q1 26
15.4%
Q4 25
1.8%
15.4%
Q3 25
9.0%
16.1%
Q2 25
24.5%
14.6%
Q1 25
14.1%
24.8%
Q4 24
4.0%
19.0%
Q3 24
39.7%
19.2%
EPS (diluted)
CRC
CRC
DLB
DLB
Q2 26
$0.99
Q1 26
$0.55
Q4 25
$0.21
$0.55
Q3 25
$0.76
$0.50
Q2 25
$1.92
$0.48
Q1 25
$1.26
$0.94
Q4 24
$0.87
$0.70
Q3 24
$3.78
$0.59

Balance Sheet & Financial Strength

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

Metric
CRC
CRC
DLB
DLB
Cash + ST InvestmentsLiquidity on hand
$132.0M
$594.7M
Total DebtLower is stronger
Stockholders' EquityBook value
$3.7B
$2.6B
Total Assets
$7.4B
$3.2B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CRC
CRC
DLB
DLB
Q2 26
$594.7M
Q1 26
$644.6M
Q4 25
$132.0M
$644.6M
Q3 25
$196.0M
$702.6M
Q2 25
$72.0M
$699.3M
Q1 25
$214.0M
$626.6M
Q4 24
$372.0M
$520.8M
Q3 24
$241.0M
$482.0M
Total Debt
CRC
CRC
DLB
DLB
Q2 26
Q1 26
Q4 25
Q3 25
$1.0B
Q2 25
$1.0B
Q1 25
$1.0B
Q4 24
$1.1B
Q3 24
$1.1B
Stockholders' Equity
CRC
CRC
DLB
DLB
Q2 26
$2.6B
Q1 26
$2.6B
Q4 25
$3.7B
$2.6B
Q3 25
$3.4B
$2.6B
Q2 25
$3.4B
$2.6B
Q1 25
$3.5B
$2.6B
Q4 24
$3.5B
$2.5B
Q3 24
$3.5B
$2.5B
Total Assets
CRC
CRC
DLB
DLB
Q2 26
$3.2B
Q1 26
$3.2B
Q4 25
$7.4B
$3.2B
Q3 25
$6.8B
$3.2B
Q2 25
$6.7B
$3.2B
Q1 25
$6.8B
$3.2B
Q4 24
$7.1B
$3.2B
Q3 24
$7.1B
$3.1B
Debt / Equity
CRC
CRC
DLB
DLB
Q2 26
Q1 26
Q4 25
Q3 25
0.29×
Q2 25
0.30×
Q1 25
0.29×
Q4 24
0.32×
Q3 24
0.32×

Cash Flow & Capital Efficiency

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

Metric
CRC
CRC
DLB
DLB
Operating Cash FlowLast quarter
$235.0M
$147.3M
Free Cash FlowOCF − Capex
$115.0M
FCF MarginFCF / Revenue
16.9%
Capex IntensityCapex / Revenue
17.7%
Cash ConversionOCF / Net Profit
19.58×
1.55×
TTM Free Cash FlowTrailing 4 quarters
$543.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CRC
CRC
DLB
DLB
Q2 26
$147.3M
Q1 26
$54.8M
Q4 25
$235.0M
$54.8M
Q3 25
$279.0M
$472.2M
Q2 25
$165.0M
$67.7M
Q1 25
$186.0M
$174.9M
Q4 24
$206.0M
$106.8M
Q3 24
$220.0M
$327.3M
Free Cash Flow
CRC
CRC
DLB
DLB
Q2 26
Q1 26
Q4 25
$115.0M
$50.2M
Q3 25
$188.0M
$435.9M
Q2 25
$109.0M
$61.3M
Q1 25
$131.0M
$168.0M
Q4 24
$118.0M
$100.0M
Q3 24
$141.0M
$297.2M
FCF Margin
CRC
CRC
DLB
DLB
Q2 26
Q1 26
Q4 25
16.9%
14.5%
Q3 25
26.3%
142.0%
Q2 25
15.5%
19.4%
Q1 25
16.1%
45.5%
Q4 24
14.3%
28.0%
Q3 24
16.2%
97.5%
Capex Intensity
CRC
CRC
DLB
DLB
Q2 26
Q1 26
Q4 25
17.7%
1.3%
Q3 25
12.7%
11.8%
Q2 25
8.0%
2.0%
Q1 25
6.8%
1.9%
Q4 24
10.7%
1.9%
Q3 24
9.1%
9.8%
Cash Conversion
CRC
CRC
DLB
DLB
Q2 26
1.55×
Q1 26
1.03×
Q4 25
19.58×
1.03×
Q3 25
4.36×
9.57×
Q2 25
0.96×
1.47×
Q1 25
1.62×
1.91×
Q4 24
6.24×
1.57×
Q3 24
0.64×
5.59×

Financial Flow Comparison

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

Revenue Breakdown by Segment

CRC
CRC

Oil And Natural Gas Segment$645.0M95%
Natural Gas Production$26.0M4%
Other$7.0M1%

DLB
DLB

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

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