vs
Side-by-side financial comparison of Dolby Laboratories, Inc. (DLB) and Duolingo, Inc. (DUOL). Click either name above to swap in a different company.
Dolby Laboratories, Inc. is the larger business by last-quarter revenue ($395.6M vs $295.5M, roughly 1.3× Duolingo, Inc.). Dolby Laboratories, Inc. runs the higher net margin — 24.0% vs 11.9%, a 12.1% gap on every dollar of revenue. On growth, Duolingo, Inc. posted the faster year-over-year revenue change (27.0% vs 7.1%). Over the past eight quarters, Duolingo, Inc.'s revenue compounded faster (28.7% CAGR vs 13.9%).
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.
Duolingo, Inc. is a leading global edtech firm operating a gamified language learning platform. It offers free and premium self-paced courses for over 40 languages, plus language certification, math learning tools, and literacy programs, serving individual learners, schools and corporate clients worldwide.
DLB vs DUOL — Head-to-Head
Income Statement — Q3 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $395.6M | $295.5M |
| Net Profit | $94.9M | $35.1M |
| Gross Margin | 88.7% | 55.5% |
| Operating Margin | 28.5% | 8.0% |
| Net Margin | 24.0% | 11.9% |
| Revenue YoY | 7.1% | 27.0% |
| Net Profit YoY | 3.4% | 24.0% |
| EPS (diluted) | $0.99 | $0.72 |
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 | $295.5M | ||
| Q4 25 | $346.7M | $282.9M | ||
| Q3 25 | $307.0M | $271.7M | ||
| Q2 25 | $315.5M | $252.3M | ||
| Q1 25 | $369.6M | $230.7M | ||
| Q4 24 | $357.0M | $209.6M | ||
| Q3 24 | $304.8M | $192.6M |
| Q2 26 | $94.9M | — | ||
| Q1 26 | $53.3M | $35.1M | ||
| Q4 25 | $53.3M | $42.0M | ||
| Q3 25 | $49.3M | $292.2M | ||
| Q2 25 | $46.1M | $44.8M | ||
| Q1 25 | $91.8M | $35.1M | ||
| Q4 24 | $67.8M | $13.9M | ||
| Q3 24 | $58.6M | $23.4M |
| Q2 26 | 88.7% | — | ||
| Q1 26 | 87.5% | 55.5% | ||
| Q4 25 | 87.5% | 72.8% | ||
| Q3 25 | 87.1% | 72.5% | ||
| Q2 25 | 86.1% | 72.4% | ||
| Q1 25 | 90.3% | 71.1% | ||
| Q4 24 | 88.6% | 71.9% | ||
| Q3 24 | 88.8% | 72.9% |
| Q2 26 | 28.5% | — | ||
| Q1 26 | 17.9% | 8.0% | ||
| Q4 25 | 17.9% | 15.4% | ||
| Q3 25 | 9.7% | 12.9% | ||
| Q2 25 | 15.1% | 13.2% | ||
| Q1 25 | 29.2% | 10.2% | ||
| Q4 24 | 22.4% | 6.6% | ||
| Q3 24 | 15.2% | 7.0% |
| Q2 26 | 24.0% | — | ||
| Q1 26 | 15.4% | 11.9% | ||
| Q4 25 | 15.4% | 14.8% | ||
| Q3 25 | 16.1% | 107.5% | ||
| Q2 25 | 14.6% | 17.8% | ||
| Q1 25 | 24.8% | 15.2% | ||
| Q4 24 | 19.0% | 6.6% | ||
| Q3 24 | 19.2% | 12.1% |
| Q2 26 | $0.99 | — | ||
| Q1 26 | $0.55 | $0.72 | ||
| Q4 25 | $0.55 | $0.99 | ||
| Q3 25 | $0.50 | $5.95 | ||
| Q2 25 | $0.48 | $0.91 | ||
| Q1 25 | $0.94 | $0.72 | ||
| Q4 24 | $0.70 | $0.31 | ||
| Q3 24 | $0.59 | $0.49 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $594.7M | $1.1B |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $2.6B | $1.3B |
| Total Assets | $3.2B | $2.0B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q2 26 | $594.7M | — | ||
| Q1 26 | $644.6M | $1.1B | ||
| Q4 25 | $644.6M | $1.0B | ||
| Q3 25 | $702.6M | $1.0B | ||
| Q2 25 | $699.3M | $976.2M | ||
| Q1 25 | $626.6M | $884.0M | ||
| Q4 24 | $520.8M | $785.8M | ||
| Q3 24 | $482.0M | $854.4M |
| Q2 26 | $2.6B | — | ||
| Q1 26 | $2.6B | $1.3B | ||
| Q4 25 | $2.6B | $1.3B | ||
| Q3 25 | $2.6B | $1.3B | ||
| Q2 25 | $2.6B | $977.0M | ||
| Q1 25 | $2.6B | $893.8M | ||
| Q4 24 | $2.5B | $824.5M | ||
| Q3 24 | $2.5B | $822.5M |
| Q2 26 | $3.2B | — | ||
| Q1 26 | $3.2B | $2.0B | ||
| Q4 25 | $3.2B | $2.0B | ||
| Q3 25 | $3.2B | $1.9B | ||
| Q2 25 | $3.2B | $1.5B | ||
| Q1 25 | $3.2B | $1.4B | ||
| Q4 24 | $3.2B | $1.3B | ||
| Q3 24 | $3.1B | $1.2B |
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 | $147.3M | $105.6M |
| Free Cash FlowOCF − Capex | — | $103.0M |
| FCF MarginFCF / Revenue | — | 34.9% |
| Capex IntensityCapex / Revenue | — | — |
| Cash ConversionOCF / Net Profit | 1.55× | 3.01× |
| TTM Free Cash FlowTrailing 4 quarters | — | $368.4M |
8-quarter trend — quarters aligned by calendar period.
| Q2 26 | $147.3M | — | ||
| Q1 26 | $54.8M | $105.6M | ||
| Q4 25 | $54.8M | $107.3M | ||
| Q3 25 | $472.2M | $84.2M | ||
| Q2 25 | $67.7M | $90.7M | ||
| Q1 25 | $174.9M | $105.6M | ||
| Q4 24 | $106.8M | $83.3M | ||
| Q3 24 | $327.3M | $56.3M |
| Q2 26 | — | — | ||
| Q1 26 | — | $103.0M | ||
| Q4 25 | $50.2M | $96.6M | ||
| Q3 25 | $435.9M | $79.4M | ||
| Q2 25 | $61.3M | $89.5M | ||
| Q1 25 | $168.0M | $104.3M | ||
| Q4 24 | $100.0M | $81.4M | ||
| Q3 24 | $297.2M | $53.1M |
| Q2 26 | — | — | ||
| Q1 26 | — | 34.9% | ||
| Q4 25 | 14.5% | 34.1% | ||
| Q3 25 | 142.0% | 29.2% | ||
| Q2 25 | 19.4% | 35.5% | ||
| Q1 25 | 45.5% | 45.2% | ||
| Q4 24 | 28.0% | 38.8% | ||
| Q3 24 | 97.5% | 27.6% |
| Q2 26 | — | — | ||
| Q1 26 | — | — | ||
| Q4 25 | 1.3% | 3.8% | ||
| Q3 25 | 11.8% | 1.8% | ||
| Q2 25 | 2.0% | 0.5% | ||
| Q1 25 | 1.9% | 0.6% | ||
| Q4 24 | 1.9% | 0.9% | ||
| Q3 24 | 9.8% | 1.7% |
| Q2 26 | 1.55× | — | ||
| Q1 26 | 1.03× | 3.01× | ||
| Q4 25 | 1.03× | 2.56× | ||
| Q3 25 | 9.57× | 0.29× | ||
| Q2 25 | 1.47× | 2.02× | ||
| Q1 25 | 1.91× | 3.01× | ||
| Q4 24 | 1.57× | 5.99× | ||
| Q3 24 | 5.59× | 2.41× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
DLB
| Licensing | $372.2M | 94% |
| Products and services | $23.4M | 6% |
DUOL
| Bookings | $283.5M | 96% |
| Other | $12.0M | 4% |
