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Side-by-side financial comparison of Dolby Laboratories, Inc. (DLB) and ENERGIZER HOLDINGS, INC. (ENR). Click either name above to swap in a different company.

ENERGIZER HOLDINGS, INC. is the larger business by last-quarter revenue ($778.9M vs $395.6M, roughly 2.0× Dolby Laboratories, Inc.). Dolby Laboratories, Inc. runs the higher net margin — 24.0% vs 1.3%, a 22.7% gap on every dollar of revenue. On growth, Dolby Laboratories, Inc. posted the faster year-over-year revenue change (7.1% vs -3.0%). Over the past eight quarters, Dolby Laboratories, Inc.'s revenue compounded faster (13.9% CAGR vs 5.4%).

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.

Energizer Holdings, Inc. is an American manufacturer and one of the world's largest manufacturers of batteries, headquartered in Clayton, Missouri. It produces batteries under the Energizer, Ray-O-Vac, Varta, and Eveready brand names and formerly owned several personal care businesses until it separated that side of the business into a new company called Edgewell Personal Care in 2015.

DLB vs ENR — Head-to-Head

Bigger by revenue
ENR
ENR
2.0× larger
ENR
$778.9M
$395.6M
DLB
Growing faster (revenue YoY)
DLB
DLB
+10.0% gap
DLB
7.1%
-3.0%
ENR
Higher net margin
DLB
DLB
22.7% more per $
DLB
24.0%
1.3%
ENR
Faster 2-yr revenue CAGR
DLB
DLB
Annualised
DLB
13.9%
5.4%
ENR

Income Statement — Q3 FY2026 vs Q2 FY2026

Metric
DLB
DLB
ENR
ENR
Revenue
$395.6M
$778.9M
Net Profit
$94.9M
$10.1M
Gross Margin
88.7%
33.2%
Operating Margin
28.5%
Net Margin
24.0%
1.3%
Revenue YoY
7.1%
-3.0%
Net Profit YoY
3.4%
-64.3%
EPS (diluted)
$0.99
$0.15

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
ENR
ENR
Q2 26
$395.6M
Q1 26
$346.7M
$778.9M
Q4 25
$346.7M
$778.9M
Q3 25
$307.0M
$832.8M
Q2 25
$315.5M
$725.3M
Q1 25
$369.6M
$662.9M
Q4 24
$357.0M
$731.7M
Q3 24
$304.8M
$805.7M
Net Profit
DLB
DLB
ENR
ENR
Q2 26
$94.9M
Q1 26
$53.3M
$10.1M
Q4 25
$53.3M
$-3.4M
Q3 25
$49.3M
$34.9M
Q2 25
$46.1M
$153.5M
Q1 25
$91.8M
$28.3M
Q4 24
$67.8M
$22.3M
Q3 24
$58.6M
$47.6M
Gross Margin
DLB
DLB
ENR
ENR
Q2 26
88.7%
Q1 26
87.5%
33.2%
Q4 25
87.5%
32.9%
Q3 25
87.1%
36.6%
Q2 25
86.1%
55.1%
Q1 25
90.3%
39.1%
Q4 24
88.6%
36.8%
Q3 24
88.8%
38.1%
Operating Margin
DLB
DLB
ENR
ENR
Q2 26
28.5%
Q1 26
17.9%
Q4 25
17.9%
-0.6%
Q3 25
9.7%
6.4%
Q2 25
15.1%
22.6%
Q1 25
29.2%
5.5%
Q4 24
22.4%
4.1%
Q3 24
15.2%
7.4%
Net Margin
DLB
DLB
ENR
ENR
Q2 26
24.0%
Q1 26
15.4%
1.3%
Q4 25
15.4%
-0.4%
Q3 25
16.1%
4.2%
Q2 25
14.6%
21.2%
Q1 25
24.8%
4.3%
Q4 24
19.0%
3.0%
Q3 24
19.2%
5.9%
EPS (diluted)
DLB
DLB
ENR
ENR
Q2 26
$0.99
Q1 26
$0.55
$0.15
Q4 25
$0.55
Q3 25
$0.50
Q2 25
$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
DLB
DLB
ENR
ENR
Cash + ST InvestmentsLiquidity on hand
$594.7M
$172.5M
Total DebtLower is stronger
$3.3B
Stockholders' EquityBook value
$2.6B
$173.2M
Total Assets
$3.2B
$4.4B
Debt / EquityLower = less leverage
19.13×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
DLB
DLB
ENR
ENR
Q2 26
$594.7M
Q1 26
$644.6M
$172.5M
Q4 25
$644.6M
$214.8M
Q3 25
$702.6M
$236.2M
Q2 25
$699.3M
$171.1M
Q1 25
$626.6M
$139.3M
Q4 24
$520.8M
$195.9M
Q3 24
$482.0M
$216.9M
Total Debt
DLB
DLB
ENR
ENR
Q2 26
Q1 26
$3.3B
Q4 25
Q3 25
$3.4B
Q2 25
$3.2B
Q1 25
$3.2B
Q4 24
$3.1B
Q3 24
$3.2B
Stockholders' Equity
DLB
DLB
ENR
ENR
Q2 26
$2.6B
Q1 26
$2.6B
$173.2M
Q4 25
$2.6B
$141.3M
Q3 25
$2.6B
$169.9M
Q2 25
$2.6B
$183.2M
Q1 25
$2.6B
$133.9M
Q4 24
$2.5B
$140.6M
Q3 24
$2.5B
$135.8M
Total Assets
DLB
DLB
ENR
ENR
Q2 26
$3.2B
Q1 26
$3.2B
$4.4B
Q4 25
$3.2B
$4.4B
Q3 25
$3.2B
$4.6B
Q2 25
$3.2B
$4.5B
Q1 25
$3.2B
$4.2B
Q4 24
$3.2B
$4.2B
Q3 24
$3.1B
$4.3B
Debt / Equity
DLB
DLB
ENR
ENR
Q2 26
Q1 26
19.13×
Q4 25
Q3 25
20.28×
Q2 25
17.57×
Q1 25
23.56×
Q4 24
22.17×
Q3 24
23.51×

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
ENR
ENR
Operating Cash FlowLast quarter
$147.3M
Free Cash FlowOCF − Capex
$2.0B
FCF MarginFCF / Revenue
260.1%
Capex IntensityCapex / Revenue
5.5%
Cash ConversionOCF / Net Profit
1.55×
TTM Free Cash FlowTrailing 4 quarters
$2.2B

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
DLB
DLB
ENR
ENR
Q2 26
$147.3M
Q1 26
$54.8M
Q4 25
$54.8M
$149.5M
Q3 25
$472.2M
$61.5M
Q2 25
$67.7M
$21.4M
Q1 25
$174.9M
$-12.8M
Q4 24
$106.8M
$77.0M
Q3 24
$327.3M
$168.9M
Free Cash Flow
DLB
DLB
ENR
ENR
Q2 26
Q1 26
$2.0B
Q4 25
$50.2M
$124.2M
Q3 25
$435.9M
$46.7M
Q2 25
$61.3M
$7.9M
Q1 25
$168.0M
$-33.8M
Q4 24
$100.0M
$42.4M
Q3 24
$297.2M
$141.5M
FCF Margin
DLB
DLB
ENR
ENR
Q2 26
Q1 26
260.1%
Q4 25
14.5%
15.9%
Q3 25
142.0%
5.6%
Q2 25
19.4%
1.1%
Q1 25
45.5%
-5.1%
Q4 24
28.0%
5.8%
Q3 24
97.5%
17.6%
Capex Intensity
DLB
DLB
ENR
ENR
Q2 26
Q1 26
5.5%
Q4 25
1.3%
3.2%
Q3 25
11.8%
1.8%
Q2 25
2.0%
1.9%
Q1 25
1.9%
3.2%
Q4 24
1.9%
4.7%
Q3 24
9.8%
3.4%
Cash Conversion
DLB
DLB
ENR
ENR
Q2 26
1.55×
Q1 26
1.03×
Q4 25
1.03×
Q3 25
9.57×
1.76×
Q2 25
1.47×
0.14×
Q1 25
1.91×
-0.45×
Q4 24
1.57×
3.45×
Q3 24
5.59×
3.55×

Financial Flow Comparison

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

Revenue Breakdown by Segment

DLB
DLB

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

ENR
ENR

Segment breakdown not available.

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