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Side-by-side financial comparison of CSW INDUSTRIALS, INC. (CSW) 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 ($346.7M vs $233.0M, roughly 1.5× CSW INDUSTRIALS, INC.). Dolby Laboratories, Inc. runs the higher net margin — 15.4% vs 4.4%, a 11.0% gap on every dollar of revenue. On growth, CSW INDUSTRIALS, INC. posted the faster year-over-year revenue change (20.3% vs -2.9%). Dolby Laboratories, Inc. produced more free cash flow last quarter ($50.2M vs $22.7M). Over the past eight quarters, CSW INDUSTRIALS, INC.'s revenue compounded faster (5.1% CAGR vs -2.5%).

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.

CSW vs DLB — Head-to-Head

Bigger by revenue
DLB
DLB
1.5× larger
DLB
$346.7M
$233.0M
CSW
Growing faster (revenue YoY)
CSW
CSW
+23.2% gap
CSW
20.3%
-2.9%
DLB
Higher net margin
DLB
DLB
11.0% more per $
DLB
15.4%
4.4%
CSW
More free cash flow
DLB
DLB
$27.4M more FCF
DLB
$50.2M
$22.7M
CSW
Faster 2-yr revenue CAGR
CSW
CSW
Annualised
CSW
5.1%
-2.5%
DLB

Income Statement — Q3 FY2026 vs Q1 FY2026

Metric
CSW
CSW
DLB
DLB
Revenue
$233.0M
$346.7M
Net Profit
$10.3M
$53.3M
Gross Margin
39.7%
87.5%
Operating Margin
7.4%
17.9%
Net Margin
4.4%
15.4%
Revenue YoY
20.3%
-2.9%
Net Profit YoY
-61.9%
-21.4%
EPS (diluted)
$0.62
$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.

Revenue
CSW
CSW
DLB
DLB
Q4 25
$233.0M
$346.7M
Q3 25
$277.0M
$307.0M
Q2 25
$263.6M
$315.5M
Q1 25
$230.5M
$369.6M
Q4 24
$193.6M
$357.0M
Q3 24
$227.9M
$304.8M
Q2 24
$226.2M
$288.8M
Q1 24
$210.9M
$364.5M
Net Profit
CSW
CSW
DLB
DLB
Q4 25
$10.3M
$53.3M
Q3 25
$40.7M
$49.3M
Q2 25
$40.9M
$46.1M
Q1 25
$35.1M
$91.8M
Q4 24
$26.9M
$67.8M
Q3 24
$36.1M
$58.6M
Q2 24
$38.6M
$38.4M
Q1 24
$31.8M
$97.8M
Gross Margin
CSW
CSW
DLB
DLB
Q4 25
39.7%
87.5%
Q3 25
43.0%
87.1%
Q2 25
43.8%
86.1%
Q1 25
44.2%
90.3%
Q4 24
41.4%
88.6%
Q3 24
45.6%
88.8%
Q2 24
47.5%
87.7%
Q1 24
44.4%
89.4%
Operating Margin
CSW
CSW
DLB
DLB
Q4 25
7.4%
17.9%
Q3 25
20.5%
9.7%
Q2 25
20.8%
15.1%
Q1 25
19.5%
29.2%
Q4 24
15.3%
22.4%
Q3 24
22.6%
15.2%
Q2 24
24.3%
12.7%
Q1 24
21.0%
29.9%
Net Margin
CSW
CSW
DLB
DLB
Q4 25
4.4%
15.4%
Q3 25
14.7%
16.1%
Q2 25
15.5%
14.6%
Q1 25
15.2%
24.8%
Q4 24
13.9%
19.0%
Q3 24
15.8%
19.2%
Q2 24
17.1%
13.3%
Q1 24
15.1%
26.8%
EPS (diluted)
CSW
CSW
DLB
DLB
Q4 25
$0.62
$0.55
Q3 25
$2.41
$0.50
Q2 25
$2.43
$0.48
Q1 25
$2.05
$0.94
Q4 24
$1.60
$0.70
Q3 24
$2.26
$0.59
Q2 24
$2.47
$0.40
Q1 24
$2.03
$1.01

Balance Sheet & Financial Strength

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

Metric
CSW
CSW
DLB
DLB
Cash + ST InvestmentsLiquidity on hand
$40.2M
$644.6M
Total DebtLower is stronger
Stockholders' EquityBook value
$1.1B
$2.6B
Total Assets
$2.3B
$3.2B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CSW
CSW
DLB
DLB
Q4 25
$40.2M
$644.6M
Q3 25
$31.5M
$702.6M
Q2 25
$38.0M
$699.3M
Q1 25
$225.8M
$626.6M
Q4 24
$213.8M
$520.8M
Q3 24
$273.2M
$482.0M
Q2 24
$18.9M
$869.0M
Q1 24
$22.2M
$825.4M
Total Debt
CSW
CSW
DLB
DLB
Q4 25
Q3 25
Q2 25
Q1 25
$800.1M
Q4 24
Q3 24
Q2 24
Q1 24
$166.0M
Stockholders' Equity
CSW
CSW
DLB
DLB
Q4 25
$1.1B
$2.6B
Q3 25
$1.1B
$2.6B
Q2 25
$1.1B
$2.6B
Q1 25
$1.1B
$2.6B
Q4 24
$1.0B
$2.5B
Q3 24
$1.0B
$2.5B
Q2 24
$650.2M
$2.4B
Q1 24
$615.7M
$2.4B
Total Assets
CSW
CSW
DLB
DLB
Q4 25
$2.3B
$3.2B
Q3 25
$1.5B
$3.2B
Q2 25
$1.5B
$3.2B
Q1 25
$1.4B
$3.2B
Q4 24
$1.4B
$3.2B
Q3 24
$1.4B
$3.1B
Q2 24
$1.1B
$3.0B
Q1 24
$1.0B
$3.0B
Debt / Equity
CSW
CSW
DLB
DLB
Q4 25
Q3 25
Q2 25
Q1 25
0.75×
Q4 24
Q3 24
Q2 24
Q1 24
0.27×

Cash Flow & Capital Efficiency

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

Metric
CSW
CSW
DLB
DLB
Operating Cash FlowLast quarter
$28.9M
$54.8M
Free Cash FlowOCF − Capex
$22.7M
$50.2M
FCF MarginFCF / Revenue
9.8%
14.5%
Capex IntensityCapex / Revenue
2.6%
1.3%
Cash ConversionOCF / Net Profit
2.81×
1.03×
TTM Free Cash FlowTrailing 4 quarters
$162.0M
$715.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CSW
CSW
DLB
DLB
Q4 25
$28.9M
$54.8M
Q3 25
$61.8M
$472.2M
Q2 25
$60.6M
$67.7M
Q1 25
$27.3M
$174.9M
Q4 24
$11.6M
$106.8M
Q3 24
$66.8M
$327.3M
Q2 24
$62.7M
$21.3M
Q1 24
$22.4M
$181.4M
Free Cash Flow
CSW
CSW
DLB
DLB
Q4 25
$22.7M
$50.2M
Q3 25
$58.7M
$435.9M
Q2 25
$57.7M
$61.3M
Q1 25
$22.8M
$168.0M
Q4 24
$8.5M
$100.0M
Q3 24
$61.3M
$297.2M
Q2 24
$59.6M
$13.7M
Q1 24
$17.5M
$172.5M
FCF Margin
CSW
CSW
DLB
DLB
Q4 25
9.8%
14.5%
Q3 25
21.2%
142.0%
Q2 25
21.9%
19.4%
Q1 25
9.9%
45.5%
Q4 24
4.4%
28.0%
Q3 24
26.9%
97.5%
Q2 24
26.3%
4.7%
Q1 24
8.3%
47.3%
Capex Intensity
CSW
CSW
DLB
DLB
Q4 25
2.6%
1.3%
Q3 25
1.1%
11.8%
Q2 25
1.1%
2.0%
Q1 25
2.0%
1.9%
Q4 24
1.6%
1.9%
Q3 24
2.4%
9.8%
Q2 24
1.4%
2.6%
Q1 24
2.3%
2.4%
Cash Conversion
CSW
CSW
DLB
DLB
Q4 25
2.81×
1.03×
Q3 25
1.52×
9.57×
Q2 25
1.48×
1.47×
Q1 25
0.78×
1.91×
Q4 24
0.43×
1.57×
Q3 24
1.85×
5.59×
Q2 24
1.62×
0.55×
Q1 24
0.71×
1.85×

Financial Flow Comparison

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

Revenue Breakdown by Segment

CSW
CSW

Contractor Solutions Segment$166.3M71%
Specialized Reliability Solutions Segment$38.2M16%
Engineered Building Solutions Segment$28.5M12%

DLB
DLB

Licensing Brodcast Revenue$100.3M29%
Licensing Mobile Revenue$74.9M22%
Licensing Other Revenue$70.2M20%
Licensing CE Revenue$45.6M13%
Licensing PC Revenue$28.7M8%
Products And Services$26.9M8%

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