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

Krispy Kreme, Inc. is the larger business by last-quarter revenue ($392.4M vs $346.7M, roughly 1.1× Dolby Laboratories, Inc.). Dolby Laboratories, Inc. runs the higher net margin — 15.4% vs -7.1%, a 22.5% gap on every dollar of revenue. On growth, Dolby Laboratories, Inc. posted the faster year-over-year revenue change (-2.9% vs -2.9%). Dolby Laboratories, Inc. produced more free cash flow last quarter ($50.2M vs $27.9M). Over the past eight quarters, Dolby Laboratories, Inc.'s revenue compounded faster (-2.5% CAGR vs -5.9%).

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.

Krispy Kreme, Inc. is an American multinational doughnut company and coffeehouse chain. Krispy Kreme was founded by Vernon Rudolph (1915–1973), who bought a yeast-raised recipe from a New Orleans chef, rented a building in 1937 in what is now historic Old Salem in Winston-Salem, North Carolina, and began selling to local grocery stores. Steady growth preceded an ambitious expansion as a public company in the period 2000 to 2016, which ultimately proved unprofitable. In 2016, the company retur...

DLB vs DNUT — Head-to-Head

Bigger by revenue
DNUT
DNUT
1.1× larger
DNUT
$392.4M
$346.7M
DLB
Growing faster (revenue YoY)
DLB
DLB
+0.0% gap
DLB
-2.9%
-2.9%
DNUT
Higher net margin
DLB
DLB
22.5% more per $
DLB
15.4%
-7.1%
DNUT
More free cash flow
DLB
DLB
$22.2M more FCF
DLB
$50.2M
$27.9M
DNUT
Faster 2-yr revenue CAGR
DLB
DLB
Annualised
DLB
-2.5%
-5.9%
DNUT

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
DLB
DLB
DNUT
DNUT
Revenue
$346.7M
$392.4M
Net Profit
$53.3M
$-27.8M
Gross Margin
87.5%
Operating Margin
17.9%
-1.9%
Net Margin
15.4%
-7.1%
Revenue YoY
-2.9%
-2.9%
Net Profit YoY
-21.4%
-23.8%
EPS (diluted)
$0.55
$-0.18

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
DLB
DLB
DNUT
DNUT
Q4 25
$346.7M
$392.4M
Q3 25
$307.0M
$375.3M
Q2 25
$315.5M
$379.8M
Q1 25
$369.6M
$375.2M
Q4 24
$357.0M
$404.0M
Q3 24
$304.8M
$379.9M
Q2 24
$288.8M
$438.8M
Q1 24
$364.5M
$442.7M
Net Profit
DLB
DLB
DNUT
DNUT
Q4 25
$53.3M
$-27.8M
Q3 25
$49.3M
$-19.4M
Q2 25
$46.1M
$-435.3M
Q1 25
$91.8M
$-33.3M
Q4 24
$67.8M
$-22.4M
Q3 24
$58.6M
$39.6M
Q2 24
$38.4M
$-5.5M
Q1 24
$97.8M
$-8.5M
Gross Margin
DLB
DLB
DNUT
DNUT
Q4 25
87.5%
Q3 25
87.1%
Q2 25
86.1%
Q1 25
90.3%
Q4 24
88.6%
Q3 24
88.8%
Q2 24
87.7%
Q1 24
89.4%
Operating Margin
DLB
DLB
DNUT
DNUT
Q4 25
17.9%
-1.9%
Q3 25
9.7%
-1.9%
Q2 25
15.1%
-114.4%
Q1 25
29.2%
-5.4%
Q4 24
22.4%
-2.8%
Q3 24
15.2%
-4.2%
Q2 24
12.7%
1.6%
Q1 24
29.9%
2.7%
Net Margin
DLB
DLB
DNUT
DNUT
Q4 25
15.4%
-7.1%
Q3 25
16.1%
-5.2%
Q2 25
14.6%
-114.6%
Q1 25
24.8%
-8.9%
Q4 24
19.0%
-5.6%
Q3 24
19.2%
10.4%
Q2 24
13.3%
-1.3%
Q1 24
26.8%
-1.9%
EPS (diluted)
DLB
DLB
DNUT
DNUT
Q4 25
$0.55
$-0.18
Q3 25
$0.50
$-0.11
Q2 25
$0.48
$-2.55
Q1 25
$0.94
$-0.20
Q4 24
$0.70
$-0.13
Q3 24
$0.59
$0.23
Q2 24
$0.40
$-0.03
Q1 24
$1.01
$-0.05

Balance Sheet & Financial Strength

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

Metric
DLB
DLB
DNUT
DNUT
Cash + ST InvestmentsLiquidity on hand
$644.6M
$42.4M
Total DebtLower is stronger
$911.9M
Stockholders' EquityBook value
$2.6B
$650.1M
Total Assets
$3.2B
$2.6B
Debt / EquityLower = less leverage
1.40×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
DLB
DLB
DNUT
DNUT
Q4 25
$644.6M
$42.4M
Q3 25
$702.6M
$30.7M
Q2 25
$699.3M
$21.3M
Q1 25
$626.6M
$18.7M
Q4 24
$520.8M
$29.0M
Q3 24
$482.0M
$25.4M
Q2 24
$869.0M
$28.6M
Q1 24
$825.4M
$33.1M
Total Debt
DLB
DLB
DNUT
DNUT
Q4 25
$911.9M
Q3 25
$906.2M
Q2 25
$889.4M
Q1 25
$935.0M
Q4 24
$844.5M
Q3 24
$804.6M
Q2 24
$895.0M
Q1 24
$881.8M
Stockholders' Equity
DLB
DLB
DNUT
DNUT
Q4 25
$2.6B
$650.1M
Q3 25
$2.6B
$670.3M
Q2 25
$2.6B
$693.6M
Q1 25
$2.6B
$1.1B
Q4 24
$2.5B
$1.1B
Q3 24
$2.5B
$1.2B
Q2 24
$2.4B
$1.1B
Q1 24
$2.4B
$1.2B
Total Assets
DLB
DLB
DNUT
DNUT
Q4 25
$3.2B
$2.6B
Q3 25
$3.2B
$2.6B
Q2 25
$3.2B
$2.6B
Q1 25
$3.2B
$3.1B
Q4 24
$3.2B
$3.1B
Q3 24
$3.1B
$3.1B
Q2 24
$3.0B
$3.2B
Q1 24
$3.0B
$3.2B
Debt / Equity
DLB
DLB
DNUT
DNUT
Q4 25
1.40×
Q3 25
1.35×
Q2 25
1.28×
Q1 25
0.85×
Q4 24
0.74×
Q3 24
0.68×
Q2 24
0.79×
Q1 24
0.76×

Cash Flow & Capital Efficiency

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

Metric
DLB
DLB
DNUT
DNUT
Operating Cash FlowLast quarter
$54.8M
$45.0M
Free Cash FlowOCF − Capex
$50.2M
$27.9M
FCF MarginFCF / Revenue
14.5%
7.1%
Capex IntensityCapex / Revenue
1.3%
4.4%
Cash ConversionOCF / Net Profit
1.03×
TTM Free Cash FlowTrailing 4 quarters
$715.3M
$-64.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
DLB
DLB
DNUT
DNUT
Q4 25
$54.8M
$45.0M
Q3 25
$472.2M
$42.3M
Q2 25
$67.7M
$-32.5M
Q1 25
$174.9M
$-20.8M
Q4 24
$106.8M
$27.0M
Q3 24
$327.3M
$3.3M
Q2 24
$21.3M
$33.2M
Q1 24
$181.4M
$-17.7M
Free Cash Flow
DLB
DLB
DNUT
DNUT
Q4 25
$50.2M
$27.9M
Q3 25
$435.9M
$15.5M
Q2 25
$61.3M
$-60.8M
Q1 25
$168.0M
$-46.7M
Q4 24
$100.0M
$-6.9M
Q3 24
$297.2M
$-22.9M
Q2 24
$13.7M
$1.6M
Q1 24
$172.5M
$-46.8M
FCF Margin
DLB
DLB
DNUT
DNUT
Q4 25
14.5%
7.1%
Q3 25
142.0%
4.1%
Q2 25
19.4%
-16.0%
Q1 25
45.5%
-12.5%
Q4 24
28.0%
-1.7%
Q3 24
97.5%
-6.0%
Q2 24
4.7%
0.4%
Q1 24
47.3%
-10.6%
Capex Intensity
DLB
DLB
DNUT
DNUT
Q4 25
1.3%
4.4%
Q3 25
11.8%
7.1%
Q2 25
2.0%
7.4%
Q1 25
1.9%
6.9%
Q4 24
1.9%
8.4%
Q3 24
9.8%
6.9%
Q2 24
2.6%
7.2%
Q1 24
2.4%
6.6%
Cash Conversion
DLB
DLB
DNUT
DNUT
Q4 25
1.03×
Q3 25
9.57×
Q2 25
1.47×
Q1 25
1.91×
Q4 24
1.57×
Q3 24
5.59×
0.08×
Q2 24
0.55×
Q1 24
1.85×

Financial Flow Comparison

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

Revenue Breakdown by Segment

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%

DNUT
DNUT

Segment breakdown not available.

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