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Side-by-side financial comparison of Diversified Energy Co (DEC) and Dolby Laboratories, Inc. (DLB). Click either name above to swap in a different company.
Diversified Energy Co is the larger business by last-quarter revenue ($666.5M vs $395.6M, roughly 1.7× Dolby Laboratories, Inc.). Diversified Energy Co runs the higher net margin — 29.3% vs 24.0%, a 5.3% gap on every dollar of revenue.
DTE Energy is a Detroit-based diversified energy company involved in the development and management of energy-related businesses and services in the United States and Canada. Its operating units include an electric utility serving 2.2 million customers and a natural gas utility serving 1.3 million customers in Michigan.
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.
DEC vs DLB — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2026
| Metric | | |
|---|---|---|
| Revenue | $666.5M | $395.6M |
| Net Profit | $195.5M | $94.9M |
| Gross Margin | — | 88.7% |
| Operating Margin | 37.6% | 28.5% |
| Net Margin | 29.3% | 24.0% |
| Revenue YoY | — | 7.1% |
| Net Profit YoY | — | 3.4% |
| EPS (diluted) | — | $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.
| Q2 26 | — | $395.6M | ||
| Q1 26 | — | $346.7M | ||
| Q4 25 | $666.5M | $346.7M | ||
| Q3 25 | $499.8M | $307.0M | ||
| Q2 25 | $600.3M | $315.5M | ||
| Q1 25 | — | $369.6M | ||
| Q4 24 | — | $357.0M | ||
| Q3 24 | — | $304.8M |
| Q2 26 | — | $94.9M | ||
| Q1 26 | — | $53.3M | ||
| Q4 25 | $195.5M | $53.3M | ||
| Q3 25 | $171.1M | $49.3M | ||
| Q2 25 | $297.7M | $46.1M | ||
| Q1 25 | — | $91.8M | ||
| Q4 24 | — | $67.8M | ||
| Q3 24 | — | $58.6M |
| Q2 26 | — | 88.7% | ||
| Q1 26 | — | 87.5% | ||
| Q4 25 | — | 87.5% | ||
| Q3 25 | — | 87.1% | ||
| Q2 25 | 44.7% | 86.1% | ||
| Q1 25 | — | 90.3% | ||
| Q4 24 | — | 88.6% | ||
| Q3 24 | — | 88.8% |
| Q2 26 | — | 28.5% | ||
| Q1 26 | — | 17.9% | ||
| Q4 25 | 37.6% | 17.9% | ||
| Q3 25 | 36.2% | 9.7% | ||
| Q2 25 | 48.5% | 15.1% | ||
| Q1 25 | — | 29.2% | ||
| Q4 24 | — | 22.4% | ||
| Q3 24 | — | 15.2% |
| Q2 26 | — | 24.0% | ||
| Q1 26 | — | 15.4% | ||
| Q4 25 | 29.3% | 15.4% | ||
| Q3 25 | 34.2% | 16.1% | ||
| Q2 25 | 49.6% | 14.6% | ||
| Q1 25 | — | 24.8% | ||
| Q4 24 | — | 19.0% | ||
| Q3 24 | — | 19.2% |
| Q2 26 | — | $0.99 | ||
| Q1 26 | — | $0.55 | ||
| Q4 25 | — | $0.55 | ||
| Q3 25 | $2.14 | $0.50 | ||
| Q2 25 | $3.67 | $0.48 | ||
| Q1 25 | — | $0.94 | ||
| Q4 24 | — | $0.70 | ||
| Q3 24 | — | $0.59 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $29.7M | $594.7M |
| Total DebtLower is stronger | $2.7B | — |
| Stockholders' EquityBook value | $984.1M | $2.6B |
| Total Assets | $6.2B | $3.2B |
| Debt / EquityLower = less leverage | 2.76× | — |
8-quarter trend — quarters aligned by calendar period.
| Q2 26 | — | $594.7M | ||
| Q1 26 | — | $644.6M | ||
| Q4 25 | $29.7M | $644.6M | ||
| Q3 25 | — | $702.6M | ||
| Q2 25 | $23.7M | $699.3M | ||
| Q1 25 | — | $626.6M | ||
| Q4 24 | — | $520.8M | ||
| Q3 24 | — | $482.0M |
| Q2 26 | — | — | ||
| Q1 26 | — | — | ||
| Q4 25 | $2.7B | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — |
| Q2 26 | — | $2.6B | ||
| Q1 26 | — | $2.6B | ||
| Q4 25 | $984.1M | $2.6B | ||
| Q3 25 | — | $2.6B | ||
| Q2 25 | $727.7M | $2.6B | ||
| Q1 25 | — | $2.6B | ||
| Q4 24 | — | $2.5B | ||
| Q3 24 | — | $2.5B |
| Q2 26 | — | $3.2B | ||
| Q1 26 | — | $3.2B | ||
| Q4 25 | $6.2B | $3.2B | ||
| Q3 25 | — | $3.2B | ||
| Q2 25 | $5.7B | $3.2B | ||
| Q1 25 | — | $3.2B | ||
| Q4 24 | — | $3.2B | ||
| Q3 24 | — | $3.1B |
| Q2 26 | — | — | ||
| Q1 26 | — | — | ||
| Q4 25 | 2.76× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — |
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 | $464.6M | $147.3M |
| Free Cash FlowOCF − Capex | $280.0M | — |
| FCF MarginFCF / Revenue | 42.0% | — |
| Capex IntensityCapex / Revenue | 27.7% | — |
| Cash ConversionOCF / Net Profit | 2.38× | 1.55× |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q2 26 | — | $147.3M | ||
| Q1 26 | — | $54.8M | ||
| Q4 25 | $464.6M | $54.8M | ||
| Q3 25 | — | $472.2M | ||
| Q2 25 | $264.1M | $67.7M | ||
| Q1 25 | — | $174.9M | ||
| Q4 24 | — | $106.8M | ||
| Q3 24 | — | $327.3M |
| Q2 26 | — | — | ||
| Q1 26 | — | — | ||
| Q4 25 | $280.0M | $50.2M | ||
| Q3 25 | — | $435.9M | ||
| Q2 25 | — | $61.3M | ||
| Q1 25 | — | $168.0M | ||
| Q4 24 | — | $100.0M | ||
| Q3 24 | — | $297.2M |
| Q2 26 | — | — | ||
| Q1 26 | — | — | ||
| Q4 25 | 42.0% | 14.5% | ||
| Q3 25 | — | 142.0% | ||
| Q2 25 | — | 19.4% | ||
| Q1 25 | — | 45.5% | ||
| Q4 24 | — | 28.0% | ||
| Q3 24 | — | 97.5% |
| Q2 26 | — | — | ||
| Q1 26 | — | — | ||
| Q4 25 | 27.7% | 1.3% | ||
| Q3 25 | — | 11.8% | ||
| Q2 25 | — | 2.0% | ||
| Q1 25 | — | 1.9% | ||
| Q4 24 | — | 1.9% | ||
| Q3 24 | — | 9.8% |
| Q2 26 | — | 1.55× | ||
| Q1 26 | — | 1.03× | ||
| Q4 25 | 2.38× | 1.03× | ||
| Q3 25 | — | 9.57× | ||
| Q2 25 | 0.89× | 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
DEC
Segment breakdown not available.
DLB
| Licensing | $372.2M | 94% |
| Products and services | $23.4M | 6% |
