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Side-by-side financial comparison of Dolby Laboratories, Inc. (DLB) and H2O AMERICA (HTO). Click either name above to swap in a different company.
Dolby Laboratories, Inc. is the larger business by last-quarter revenue ($346.7M vs $199.4M, roughly 1.7× H2O AMERICA). Dolby Laboratories, Inc. runs the higher net margin — 15.4% vs 8.1%, a 7.2% gap on every dollar of revenue. On growth, H2O AMERICA posted the faster year-over-year revenue change (1.5% vs -2.9%). Over the past eight quarters, H2O AMERICA's revenue compounded faster (15.3% 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.
H2O Wireless is a United States-based prepaid cell phone service, that utilizes the AT&T network. It is a brand of the mobile virtual network operator (MVNO) Locus Telecommunications, a subsidiary of Telrite Holdings, Inc., since 2019. Locus was formerly a subsidiary of KDDI America corporation, starting in 2010. H2O Wireless is primarily advertised as a non-restrictive phone service for customers to bring or buy unlocked smartphones, although AT&T contract/locked phones may be accepted as well.
DLB vs HTO — Head-to-Head
Income Statement — Q2 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $346.7M | $199.4M |
| Net Profit | $53.3M | $16.2M |
| Gross Margin | 87.5% | — |
| Operating Margin | 17.9% | 16.6% |
| Net Margin | 15.4% | 8.1% |
| Revenue YoY | -2.9% | 1.5% |
| Net Profit YoY | -21.4% | -29.2% |
| EPS (diluted) | $0.55 | $0.45 |
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.
| Q1 26 | $346.7M | — | ||
| Q4 25 | $346.7M | $199.4M | ||
| Q3 25 | $307.0M | $243.5M | ||
| Q2 25 | $315.5M | $197.8M | ||
| Q1 25 | $369.6M | $164.9M | ||
| Q4 24 | $357.0M | $196.5M | ||
| Q3 24 | $304.8M | $216.7M | ||
| Q2 24 | $288.8M | $173.1M |
| Q1 26 | $53.3M | — | ||
| Q4 25 | $53.3M | $16.2M | ||
| Q3 25 | $49.3M | $45.1M | ||
| Q2 25 | $46.1M | $24.7M | ||
| Q1 25 | $91.8M | $16.6M | ||
| Q4 24 | $67.8M | $22.9M | ||
| Q3 24 | $58.6M | $38.7M | ||
| Q2 24 | $38.4M | $20.7M |
| 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% | — | ||
| Q2 24 | 87.7% | — |
| Q1 26 | 17.9% | — | ||
| Q4 25 | 17.9% | 16.6% | ||
| Q3 25 | 9.7% | 26.5% | ||
| Q2 25 | 15.1% | 22.2% | ||
| Q1 25 | 29.2% | 21.8% | ||
| Q4 24 | 22.4% | 22.2% | ||
| Q3 24 | 15.2% | 26.9% | ||
| Q2 24 | 12.7% | 23.4% |
| Q1 26 | 15.4% | — | ||
| Q4 25 | 15.4% | 8.1% | ||
| Q3 25 | 16.1% | 18.5% | ||
| Q2 25 | 14.6% | 12.5% | ||
| Q1 25 | 24.8% | 10.0% | ||
| Q4 24 | 19.0% | 11.7% | ||
| Q3 24 | 19.2% | 17.8% | ||
| Q2 24 | 13.3% | 12.0% |
| Q1 26 | $0.55 | — | ||
| Q4 25 | $0.55 | $0.45 | ||
| Q3 25 | $0.50 | $1.27 | ||
| Q2 25 | $0.48 | $0.71 | ||
| Q1 25 | $0.94 | $0.49 | ||
| Q4 24 | $0.70 | $0.70 | ||
| Q3 24 | $0.59 | $1.17 | ||
| Q2 24 | $0.40 | $0.64 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $644.6M | $20.7M |
| Total DebtLower is stronger | — | $1.9B |
| Stockholders' EquityBook value | $2.6B | $1.5B |
| Total Assets | $3.2B | $5.1B |
| Debt / EquityLower = less leverage | — | 1.23× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $644.6M | — | ||
| Q4 25 | $644.6M | $20.7M | ||
| Q3 25 | $702.6M | $11.3M | ||
| Q2 25 | $699.3M | $19.8M | ||
| Q1 25 | $626.6M | $23.7M | ||
| Q4 24 | $520.8M | $11.1M | ||
| Q3 24 | $482.0M | $4.0M | ||
| Q2 24 | $869.0M | $22.8M |
| Q1 26 | — | — | ||
| Q4 25 | — | $1.9B | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $1.7B | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | $2.6B | — | ||
| Q4 25 | $2.6B | $1.5B | ||
| Q3 25 | $2.6B | $1.5B | ||
| Q2 25 | $2.6B | $1.5B | ||
| Q1 25 | $2.6B | $1.4B | ||
| Q4 24 | $2.5B | $1.4B | ||
| Q3 24 | $2.5B | $1.3B | ||
| Q2 24 | $2.4B | $1.3B |
| Q1 26 | $3.2B | — | ||
| Q4 25 | $3.2B | $5.1B | ||
| Q3 25 | $3.2B | $5.0B | ||
| Q2 25 | $3.2B | $4.8B | ||
| Q1 25 | $3.2B | $4.7B | ||
| Q4 24 | $3.2B | $4.7B | ||
| Q3 24 | $3.1B | $4.6B | ||
| Q2 24 | $3.0B | $4.4B |
| Q1 26 | — | — | ||
| Q4 25 | — | 1.23× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 1.26× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
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 | $54.8M | $63.5M |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | — | — |
| Cash ConversionOCF / Net Profit | 1.03× | 3.92× |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $54.8M | — | ||
| Q4 25 | $54.8M | $63.5M | ||
| Q3 25 | $472.2M | $77.3M | ||
| Q2 25 | $67.7M | $60.8M | ||
| Q1 25 | $174.9M | $43.2M | ||
| Q4 24 | $106.8M | $41.5M | ||
| Q3 24 | $327.3M | $53.5M | ||
| Q2 24 | $21.3M | $49.3M |
| 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 | — | ||
| Q2 24 | $13.7M | — |
| 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% | — | ||
| Q2 24 | 4.7% | — |
| 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% | — | ||
| Q2 24 | 2.6% | — |
| Q1 26 | 1.03× | — | ||
| Q4 25 | 1.03× | 3.92× | ||
| Q3 25 | 9.57× | 1.71× | ||
| Q2 25 | 1.47× | 2.47× | ||
| Q1 25 | 1.91× | 2.61× | ||
| Q4 24 | 1.57× | 1.81× | ||
| Q3 24 | 5.59× | 1.39× | ||
| Q2 24 | 0.55× | 2.38× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
DLB
| Licensing | $319.8M | 92% |
| Products and services | $26.9M | 8% |
HTO
| Water Utility Services | $191.0M | 96% |
| Other | $8.4M | 4% |
