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

Dolby Laboratories, Inc. is the larger business by last-quarter revenue ($395.6M vs $273.0M, roughly 1.4× Forestar Group Inc.). Dolby Laboratories, Inc. runs the higher net margin — 24.0% vs 5.6%, a 18.3% gap on every dollar of revenue. On growth, Forestar Group Inc. posted the faster year-over-year revenue change (9.0% vs 7.1%). Over the past eight quarters, Dolby Laboratories, Inc.'s revenue compounded faster (13.9% CAGR vs -9.6%).

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.

Forestar Group Inc. is a residential lot development company based in Arlington, Texas. The company has operations in 51 markets in 21 states and delivered 11,518 residential lots during the twelve-month period ended December 31, 2020. The company is publicly traded on the New York Stock Exchange and in October 2017 became a majority-owned subsidiary of D.R. Horton, Inc., the largest homebuilder by volume in the United States since 2002. The company primarily acquires entitled real estate and...

DLB vs FOR — Head-to-Head

Bigger by revenue
DLB
DLB
1.4× larger
DLB
$395.6M
$273.0M
FOR
Growing faster (revenue YoY)
FOR
FOR
+2.0% gap
FOR
9.0%
7.1%
DLB
Higher net margin
DLB
DLB
18.3% more per $
DLB
24.0%
5.6%
FOR
Faster 2-yr revenue CAGR
DLB
DLB
Annualised
DLB
13.9%
-9.6%
FOR

Income Statement — Q3 FY2026 vs Q1 FY2026

Metric
DLB
DLB
FOR
FOR
Revenue
$395.6M
$273.0M
Net Profit
$94.9M
$15.4M
Gross Margin
88.7%
20.1%
Operating Margin
28.5%
7.6%
Net Margin
24.0%
5.6%
Revenue YoY
7.1%
9.0%
Net Profit YoY
3.4%
-6.7%
EPS (diluted)
$0.99
$0.30

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
FOR
FOR
Q2 26
$395.6M
Q1 26
$346.7M
Q4 25
$346.7M
$273.0M
Q3 25
$307.0M
$670.5M
Q2 25
$315.5M
$390.5M
Q1 25
$369.6M
$351.0M
Q4 24
$357.0M
$250.4M
Q3 24
$304.8M
$551.3M
Net Profit
DLB
DLB
FOR
FOR
Q2 26
$94.9M
Q1 26
$53.3M
Q4 25
$53.3M
$15.4M
Q3 25
$49.3M
$86.9M
Q2 25
$46.1M
$32.9M
Q1 25
$91.8M
$31.6M
Q4 24
$67.8M
$16.5M
Q3 24
$58.6M
$81.5M
Gross Margin
DLB
DLB
FOR
FOR
Q2 26
88.7%
Q1 26
87.5%
Q4 25
87.5%
20.1%
Q3 25
87.1%
22.3%
Q2 25
86.1%
20.4%
Q1 25
90.3%
22.6%
Q4 24
88.6%
22.0%
Q3 24
88.8%
23.9%
Operating Margin
DLB
DLB
FOR
FOR
Q2 26
28.5%
Q1 26
17.9%
Q4 25
17.9%
7.6%
Q3 25
9.7%
16.9%
Q2 25
15.1%
11.2%
Q1 25
29.2%
11.6%
Q4 24
22.4%
8.7%
Q3 24
15.2%
19.7%
Net Margin
DLB
DLB
FOR
FOR
Q2 26
24.0%
Q1 26
15.4%
Q4 25
15.4%
5.6%
Q3 25
16.1%
13.0%
Q2 25
14.6%
8.4%
Q1 25
24.8%
9.0%
Q4 24
19.0%
6.6%
Q3 24
19.2%
14.8%
EPS (diluted)
DLB
DLB
FOR
FOR
Q2 26
$0.99
Q1 26
$0.55
Q4 25
$0.55
$0.30
Q3 25
$0.50
$1.70
Q2 25
$0.48
$0.65
Q1 25
$0.94
$0.62
Q4 24
$0.70
$0.32
Q3 24
$0.59
$1.59

Balance Sheet & Financial Strength

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

Metric
DLB
DLB
FOR
FOR
Cash + ST InvestmentsLiquidity on hand
$594.7M
$211.7M
Total DebtLower is stronger
$793.2M
Stockholders' EquityBook value
$2.6B
$1.8B
Total Assets
$3.2B
$3.2B
Debt / EquityLower = less leverage
0.44×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
DLB
DLB
FOR
FOR
Q2 26
$594.7M
Q1 26
$644.6M
Q4 25
$644.6M
$211.7M
Q3 25
$702.6M
$379.2M
Q2 25
$699.3M
$189.2M
Q1 25
$626.6M
$174.3M
Q4 24
$520.8M
$132.0M
Q3 24
$482.0M
$481.2M
Total Debt
DLB
DLB
FOR
FOR
Q2 26
Q1 26
Q4 25
$793.2M
Q3 25
$802.7M
Q2 25
$872.8M
Q1 25
$872.5M
Q4 24
$806.8M
Q3 24
$706.4M
Stockholders' Equity
DLB
DLB
FOR
FOR
Q2 26
$2.6B
Q1 26
$2.6B
Q4 25
$2.6B
$1.8B
Q3 25
$2.6B
$1.8B
Q2 25
$2.6B
$1.7B
Q1 25
$2.6B
$1.6B
Q4 24
$2.5B
$1.6B
Q3 24
$2.5B
$1.6B
Total Assets
DLB
DLB
FOR
FOR
Q2 26
$3.2B
Q1 26
$3.2B
Q4 25
$3.2B
$3.2B
Q3 25
$3.2B
$3.1B
Q2 25
$3.2B
$3.1B
Q1 25
$3.2B
$3.0B
Q4 24
$3.2B
$3.0B
Q3 24
$3.1B
$2.8B
Debt / Equity
DLB
DLB
FOR
FOR
Q2 26
Q1 26
Q4 25
0.44×
Q3 25
0.45×
Q2 25
0.52×
Q1 25
0.53×
Q4 24
0.50×
Q3 24
0.44×

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
FOR
FOR
Operating Cash FlowLast quarter
$147.3M
$-157.0M
Free Cash FlowOCF − Capex
$-157.1M
FCF MarginFCF / Revenue
-57.5%
Capex IntensityCapex / Revenue
0.0%
Cash ConversionOCF / Net Profit
1.55×
-10.19×
TTM Free Cash FlowTrailing 4 quarters
$93.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
DLB
DLB
FOR
FOR
Q2 26
$147.3M
Q1 26
$54.8M
Q4 25
$54.8M
$-157.0M
Q3 25
$472.2M
$256.3M
Q2 25
$67.7M
$15.8M
Q1 25
$174.9M
$-19.8M
Q4 24
$106.8M
$-450.0M
Q3 24
$327.3M
$119.2M
Free Cash Flow
DLB
DLB
FOR
FOR
Q2 26
Q1 26
Q4 25
$50.2M
$-157.1M
Q3 25
$435.9M
$255.6M
Q2 25
$61.3M
$15.0M
Q1 25
$168.0M
$-20.5M
Q4 24
$100.0M
Q3 24
$297.2M
$118.4M
FCF Margin
DLB
DLB
FOR
FOR
Q2 26
Q1 26
Q4 25
14.5%
-57.5%
Q3 25
142.0%
38.1%
Q2 25
19.4%
3.8%
Q1 25
45.5%
-5.8%
Q4 24
28.0%
Q3 24
97.5%
21.5%
Capex Intensity
DLB
DLB
FOR
FOR
Q2 26
Q1 26
Q4 25
1.3%
0.0%
Q3 25
11.8%
0.1%
Q2 25
2.0%
0.2%
Q1 25
1.9%
0.2%
Q4 24
1.9%
0.0%
Q3 24
9.8%
0.1%
Cash Conversion
DLB
DLB
FOR
FOR
Q2 26
1.55×
Q1 26
1.03×
Q4 25
1.03×
-10.19×
Q3 25
9.57×
2.95×
Q2 25
1.47×
0.48×
Q1 25
1.91×
-0.63×
Q4 24
1.57×
-27.27×
Q3 24
5.59×
1.46×

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%

FOR
FOR

D.R.Horton Inc.$183.8M67%
Other$89.2M33%

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