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

INNOSPEC INC. is the larger business by last-quarter revenue ($455.6M vs $395.6M, roughly 1.2× Dolby Laboratories, Inc.). Dolby Laboratories, Inc. runs the higher net margin — 24.0% vs 10.4%, a 13.6% gap on every dollar of revenue. On growth, Dolby Laboratories, Inc. posted the faster year-over-year revenue change (7.1% vs -2.4%). Over the past eight quarters, Dolby Laboratories, Inc.'s revenue compounded faster (13.9% CAGR vs -4.6%).

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.

Innospec Inc., formerly known as Octel Corporation and Associated Octel Company, Ltd., is an American specialty chemical company. It comprises three business units:The Performance Chemicals business trades in the personal care, home care, agrochemical, mining and industrial markets. The Fuel Specialties business specializes in manufacturing and supplying fuel additives. The Oilfield Services business supplies drilling, completion and production chemicals.

DLB vs IOSP — Head-to-Head

Bigger by revenue
IOSP
IOSP
1.2× larger
IOSP
$455.6M
$395.6M
DLB
Growing faster (revenue YoY)
DLB
DLB
+9.5% gap
DLB
7.1%
-2.4%
IOSP
Higher net margin
DLB
DLB
13.6% more per $
DLB
24.0%
10.4%
IOSP
Faster 2-yr revenue CAGR
DLB
DLB
Annualised
DLB
13.9%
-4.6%
IOSP

Income Statement — Q3 FY2026 vs Q4 FY2025

Metric
DLB
DLB
IOSP
IOSP
Revenue
$395.6M
$455.6M
Net Profit
$94.9M
$47.4M
Gross Margin
88.7%
28.0%
Operating Margin
28.5%
10.3%
Net Margin
24.0%
10.4%
Revenue YoY
7.1%
-2.4%
Net Profit YoY
3.4%
167.3%
EPS (diluted)
$0.99
$1.90

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
IOSP
IOSP
Q2 26
$395.6M
Q1 26
$346.7M
Q4 25
$346.7M
$455.6M
Q3 25
$307.0M
$441.9M
Q2 25
$315.5M
$439.7M
Q1 25
$369.6M
$440.8M
Q4 24
$357.0M
$466.8M
Q3 24
$304.8M
$443.4M
Net Profit
DLB
DLB
IOSP
IOSP
Q2 26
$94.9M
Q1 26
$53.3M
Q4 25
$53.3M
$47.4M
Q3 25
$49.3M
$12.9M
Q2 25
$46.1M
$23.5M
Q1 25
$91.8M
$32.8M
Q4 24
$67.8M
$-70.4M
Q3 24
$58.6M
$33.4M
Gross Margin
DLB
DLB
IOSP
IOSP
Q2 26
88.7%
Q1 26
87.5%
Q4 25
87.5%
28.0%
Q3 25
87.1%
26.4%
Q2 25
86.1%
28.0%
Q1 25
90.3%
28.4%
Q4 24
88.6%
29.2%
Q3 24
88.8%
28.0%
Operating Margin
DLB
DLB
IOSP
IOSP
Q2 26
28.5%
Q1 26
17.9%
Q4 25
17.9%
10.3%
Q3 25
9.7%
1.3%
Q2 25
15.1%
7.8%
Q1 25
29.2%
9.6%
Q4 24
22.4%
8.8%
Q3 24
15.2%
10.3%
Net Margin
DLB
DLB
IOSP
IOSP
Q2 26
24.0%
Q1 26
15.4%
Q4 25
15.4%
10.4%
Q3 25
16.1%
2.9%
Q2 25
14.6%
5.3%
Q1 25
24.8%
7.4%
Q4 24
19.0%
-15.1%
Q3 24
19.2%
7.5%
EPS (diluted)
DLB
DLB
IOSP
IOSP
Q2 26
$0.99
Q1 26
$0.55
Q4 25
$0.55
$1.90
Q3 25
$0.50
$0.52
Q2 25
$0.48
$0.94
Q1 25
$0.94
$1.31
Q4 24
$0.70
$-2.80
Q3 24
$0.59
$1.33

Balance Sheet & Financial Strength

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

Metric
DLB
DLB
IOSP
IOSP
Cash + ST InvestmentsLiquidity on hand
$594.7M
$292.5M
Total DebtLower is stronger
Stockholders' EquityBook value
$2.6B
$1.3B
Total Assets
$3.2B
$1.8B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
DLB
DLB
IOSP
IOSP
Q2 26
$594.7M
Q1 26
$644.6M
Q4 25
$644.6M
$292.5M
Q3 25
$702.6M
$270.8M
Q2 25
$699.3M
$266.6M
Q1 25
$626.6M
$299.8M
Q4 24
$520.8M
$289.2M
Q3 24
$482.0M
$303.8M
Stockholders' Equity
DLB
DLB
IOSP
IOSP
Q2 26
$2.6B
Q1 26
$2.6B
Q4 25
$2.6B
$1.3B
Q3 25
$2.6B
$1.3B
Q2 25
$2.6B
$1.3B
Q1 25
$2.6B
$1.3B
Q4 24
$2.5B
$1.2B
Q3 24
$2.5B
$1.2B
Total Assets
DLB
DLB
IOSP
IOSP
Q2 26
$3.2B
Q1 26
$3.2B
Q4 25
$3.2B
$1.8B
Q3 25
$3.2B
$1.8B
Q2 25
$3.2B
$1.8B
Q1 25
$3.2B
$1.8B
Q4 24
$3.2B
$1.7B
Q3 24
$3.1B
$1.8B

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
IOSP
IOSP
Operating Cash FlowLast quarter
$147.3M
$61.4M
Free Cash FlowOCF − Capex
$46.8M
FCF MarginFCF / Revenue
10.3%
Capex IntensityCapex / Revenue
3.2%
Cash ConversionOCF / Net Profit
1.55×
1.30×
TTM Free Cash FlowTrailing 4 quarters
$88.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
DLB
DLB
IOSP
IOSP
Q2 26
$147.3M
Q1 26
$54.8M
Q4 25
$54.8M
$61.4M
Q3 25
$472.2M
$39.3M
Q2 25
$67.7M
$9.3M
Q1 25
$174.9M
$28.3M
Q4 24
$106.8M
$25.7M
Q3 24
$327.3M
$73.5M
Free Cash Flow
DLB
DLB
IOSP
IOSP
Q2 26
Q1 26
Q4 25
$50.2M
$46.8M
Q3 25
$435.9M
$25.0M
Q2 25
$61.3M
$-3.7M
Q1 25
$168.0M
$19.9M
Q4 24
$100.0M
$13.6M
Q3 24
$297.2M
$65.8M
FCF Margin
DLB
DLB
IOSP
IOSP
Q2 26
Q1 26
Q4 25
14.5%
10.3%
Q3 25
142.0%
5.7%
Q2 25
19.4%
-0.8%
Q1 25
45.5%
4.5%
Q4 24
28.0%
2.9%
Q3 24
97.5%
14.8%
Capex Intensity
DLB
DLB
IOSP
IOSP
Q2 26
Q1 26
Q4 25
1.3%
3.2%
Q3 25
11.8%
3.2%
Q2 25
2.0%
3.0%
Q1 25
1.9%
1.9%
Q4 24
1.9%
2.6%
Q3 24
9.8%
1.7%
Cash Conversion
DLB
DLB
IOSP
IOSP
Q2 26
1.55×
Q1 26
1.03×
Q4 25
1.03×
1.30×
Q3 25
9.57×
3.05×
Q2 25
1.47×
0.40×
Q1 25
1.91×
0.86×
Q4 24
1.57×
Q3 24
5.59×
2.20×

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%

IOSP
IOSP

Refinery And Performance$147.0M32%
Personal Care$99.7M22%
Oilfield Services$93.1M20%
Other Fuel Specialties$47.1M10%
Other Performance Chemicals$40.0M9%
Home Care$28.7M6%

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