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Side-by-side financial comparison of Dolby Laboratories, Inc. (DLB) and Federal Realty Investment Trust (FRT). Click either name above to swap in a different company.

Dolby Laboratories, Inc. is the larger business by last-quarter revenue ($395.6M vs $336.0M, roughly 1.2× Federal Realty Investment Trust). Federal Realty Investment Trust runs the higher net margin — 38.6% vs 24.0%, a 14.6% gap on every dollar of revenue. On growth, Federal Realty Investment Trust posted the faster year-over-year revenue change (8.7% vs 7.1%). Over the past eight quarters, Dolby Laboratories, Inc.'s revenue compounded faster (13.9% CAGR vs 6.5%).

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.

Federal Realty Investment Trust is a real estate investment trust that invests in shopping centers in the Northeastern United States, the Mid-Atlantic states, California, and South Florida.

DLB vs FRT — Head-to-Head

Bigger by revenue
DLB
DLB
1.2× larger
DLB
$395.6M
$336.0M
FRT
Growing faster (revenue YoY)
FRT
FRT
+1.6% gap
FRT
8.7%
7.1%
DLB
Higher net margin
FRT
FRT
14.6% more per $
FRT
38.6%
24.0%
DLB
Faster 2-yr revenue CAGR
DLB
DLB
Annualised
DLB
13.9%
6.5%
FRT

Income Statement — Q3 FY2026 vs Q1 FY2026

Metric
DLB
DLB
FRT
FRT
Revenue
$395.6M
$336.0M
Net Profit
$94.9M
$129.7M
Gross Margin
88.7%
Operating Margin
28.5%
53.8%
Net Margin
24.0%
38.6%
Revenue YoY
7.1%
8.7%
Net Profit YoY
3.4%
103.5%
EPS (diluted)
$0.99
$1.49

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
FRT
FRT
Q2 26
$395.6M
Q1 26
$346.7M
$336.0M
Q4 25
$346.7M
$336.0M
Q3 25
$307.0M
$322.3M
Q2 25
$315.5M
$311.5M
Q1 25
$369.6M
$309.2M
Q4 24
$357.0M
$311.4M
Q3 24
$304.8M
$303.6M
Net Profit
DLB
DLB
FRT
FRT
Q2 26
$94.9M
Q1 26
$53.3M
$129.7M
Q4 25
$53.3M
$129.7M
Q3 25
$49.3M
$61.6M
Q2 25
$46.1M
$155.9M
Q1 25
$91.8M
$63.8M
Q4 24
$67.8M
$65.5M
Q3 24
$58.6M
$61.0M
Gross Margin
DLB
DLB
FRT
FRT
Q2 26
88.7%
Q1 26
87.5%
Q4 25
87.5%
Q3 25
87.1%
Q2 25
86.1%
Q1 25
90.3%
Q4 24
88.6%
Q3 24
88.8%
Operating Margin
DLB
DLB
FRT
FRT
Q2 26
28.5%
Q1 26
17.9%
53.8%
Q4 25
17.9%
53.8%
Q3 25
9.7%
34.3%
Q2 25
15.1%
65.1%
Q1 25
29.2%
35.0%
Q4 24
22.4%
35.1%
Q3 24
15.2%
34.9%
Net Margin
DLB
DLB
FRT
FRT
Q2 26
24.0%
Q1 26
15.4%
38.6%
Q4 25
15.4%
38.6%
Q3 25
16.1%
19.1%
Q2 25
14.6%
50.0%
Q1 25
24.8%
20.6%
Q4 24
19.0%
21.0%
Q3 24
19.2%
20.1%
EPS (diluted)
DLB
DLB
FRT
FRT
Q2 26
$0.99
Q1 26
$0.55
$1.49
Q4 25
$0.55
$1.49
Q3 25
$0.50
$0.69
Q2 25
$0.48
$1.78
Q1 25
$0.94
$0.72
Q4 24
$0.70
$0.74
Q3 24
$0.59
$0.70

Balance Sheet & Financial Strength

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

Metric
DLB
DLB
FRT
FRT
Cash + ST InvestmentsLiquidity on hand
$594.7M
$107.4M
Total DebtLower is stronger
$5.0B
Stockholders' EquityBook value
$2.6B
$3.2B
Total Assets
$3.2B
$9.1B
Debt / EquityLower = less leverage
1.53×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
DLB
DLB
FRT
FRT
Q2 26
$594.7M
Q1 26
$644.6M
$107.4M
Q4 25
$644.6M
$107.4M
Q3 25
$702.6M
$111.3M
Q2 25
$699.3M
$177.0M
Q1 25
$626.6M
$109.2M
Q4 24
$520.8M
$123.4M
Q3 24
$482.0M
$97.0M
Total Debt
DLB
DLB
FRT
FRT
Q2 26
Q1 26
$5.0B
Q4 25
$5.0B
Q3 25
Q2 25
Q1 25
Q4 24
$4.5B
Q3 24
Stockholders' Equity
DLB
DLB
FRT
FRT
Q2 26
$2.6B
Q1 26
$2.6B
$3.2B
Q4 25
$2.6B
$3.2B
Q3 25
$2.6B
$3.2B
Q2 25
$2.6B
$3.2B
Q1 25
$2.6B
$3.2B
Q4 24
$2.5B
$3.2B
Q3 24
$2.5B
$3.1B
Total Assets
DLB
DLB
FRT
FRT
Q2 26
$3.2B
Q1 26
$3.2B
$9.1B
Q4 25
$3.2B
$9.1B
Q3 25
$3.2B
$8.9B
Q2 25
$3.2B
$8.6B
Q1 25
$3.2B
$8.6B
Q4 24
$3.2B
$8.5B
Q3 24
$3.1B
$8.5B
Debt / Equity
DLB
DLB
FRT
FRT
Q2 26
Q1 26
1.53×
Q4 25
1.53×
Q3 25
Q2 25
Q1 25
Q4 24
1.42×
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
DLB
DLB
FRT
FRT
Operating Cash FlowLast quarter
$147.3M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
1.55×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
DLB
DLB
FRT
FRT
Q2 26
$147.3M
Q1 26
$54.8M
Q4 25
$54.8M
$622.4M
Q3 25
$472.2M
$147.8M
Q2 25
$67.7M
$150.7M
Q1 25
$174.9M
$179.0M
Q4 24
$106.8M
$574.6M
Q3 24
$327.3M
$144.1M
Free Cash Flow
DLB
DLB
FRT
FRT
Q2 26
Q1 26
Q4 25
$50.2M
Q3 25
$435.9M
Q2 25
$61.3M
Q1 25
$168.0M
Q4 24
$100.0M
Q3 24
$297.2M
FCF Margin
DLB
DLB
FRT
FRT
Q2 26
Q1 26
Q4 25
14.5%
Q3 25
142.0%
Q2 25
19.4%
Q1 25
45.5%
Q4 24
28.0%
Q3 24
97.5%
Capex Intensity
DLB
DLB
FRT
FRT
Q2 26
Q1 26
Q4 25
1.3%
Q3 25
11.8%
Q2 25
2.0%
Q1 25
1.9%
Q4 24
1.9%
Q3 24
9.8%
Cash Conversion
DLB
DLB
FRT
FRT
Q2 26
1.55×
Q1 26
1.03×
Q4 25
1.03×
4.80×
Q3 25
9.57×
2.40×
Q2 25
1.47×
0.97×
Q1 25
1.91×
2.81×
Q4 24
1.57×
8.77×
Q3 24
5.59×
2.36×

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%

FRT
FRT

Segment breakdown not available.

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