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Side-by-side financial comparison of Dolby Laboratories, Inc. (DLB) and KENNAMETAL INC (KMT). Click either name above to swap in a different company.
KENNAMETAL INC is the larger business by last-quarter revenue ($529.5M vs $346.7M, roughly 1.5× Dolby Laboratories, Inc.). Dolby Laboratories, Inc. runs the higher net margin — 15.4% vs 6.4%, a 9.0% gap on every dollar of revenue. On growth, KENNAMETAL INC posted the faster year-over-year revenue change (9.8% vs -2.9%). Dolby Laboratories, Inc. produced more free cash flow last quarter ($50.2M vs $42.4M). Over the past eight quarters, KENNAMETAL INC's revenue compounded faster (1.3% CAGR vs -2.5%).
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.
Kennametal, Inc. is a manufacturer of high-performance cutting tools and engineered components used in the aerospace, defense, transportation and oil and gas drilling industries. Its customer base is global.
DLB vs KMT — Head-to-Head
Income Statement — Q1 FY2026 vs Q2 FY2026
| Metric | | |
|---|---|---|
| Revenue | $346.7M | $529.5M |
| Net Profit | $53.3M | $33.9M |
| Gross Margin | 87.5% | 32.8% |
| Operating Margin | 17.9% | 9.9% |
| Net Margin | 15.4% | 6.4% |
| Revenue YoY | -2.9% | 9.8% |
| Net Profit YoY | -21.4% | 89.0% |
| EPS (diluted) | $0.55 | $0.44 |
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.
| Q4 25 | $346.7M | $529.5M | ||
| Q3 25 | $307.0M | $498.0M | ||
| Q2 25 | $315.5M | $516.4M | ||
| Q1 25 | $369.6M | $486.4M | ||
| Q4 24 | $357.0M | $482.1M | ||
| Q3 24 | $304.8M | $481.9M | ||
| Q2 24 | $288.8M | $543.3M | ||
| Q1 24 | $364.5M | $515.8M |
| Q4 25 | $53.3M | $33.9M | ||
| Q3 25 | $49.3M | $23.3M | ||
| Q2 25 | $46.1M | $21.6M | ||
| Q1 25 | $91.8M | $31.5M | ||
| Q4 24 | $67.8M | $17.9M | ||
| Q3 24 | $58.6M | $22.1M | ||
| Q2 24 | $38.4M | $37.2M | ||
| Q1 24 | $97.8M | $19.0M |
| Q4 25 | 87.5% | 32.8% | ||
| Q3 25 | 87.1% | 31.0% | ||
| Q2 25 | 86.1% | 28.2% | ||
| Q1 25 | 90.3% | 32.1% | ||
| Q4 24 | 88.6% | 30.1% | ||
| Q3 24 | 88.8% | 31.3% | ||
| Q2 24 | 87.7% | 31.5% | ||
| Q1 24 | 89.4% | 29.7% |
| Q4 25 | 17.9% | 9.9% | ||
| Q3 25 | 9.7% | 7.5% | ||
| Q2 25 | 15.1% | 6.1% | ||
| Q1 25 | 29.2% | 9.1% | ||
| Q4 24 | 22.4% | 6.6% | ||
| Q3 24 | 15.2% | 7.5% | ||
| Q2 24 | 12.7% | 11.3% | ||
| Q1 24 | 29.9% | 6.8% |
| Q4 25 | 15.4% | 6.4% | ||
| Q3 25 | 16.1% | 4.7% | ||
| Q2 25 | 14.6% | 4.2% | ||
| Q1 25 | 24.8% | 6.5% | ||
| Q4 24 | 19.0% | 3.7% | ||
| Q3 24 | 19.2% | 4.6% | ||
| Q2 24 | 13.3% | 6.8% | ||
| Q1 24 | 26.8% | 3.7% |
| Q4 25 | $0.55 | $0.44 | ||
| Q3 25 | $0.50 | $0.30 | ||
| Q2 25 | $0.48 | $0.28 | ||
| Q1 25 | $0.94 | $0.41 | ||
| Q4 24 | $0.70 | $0.23 | ||
| Q3 24 | $0.59 | $0.28 | ||
| Q2 24 | $0.40 | $0.47 | ||
| Q1 24 | $1.01 | $0.24 |
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 | $129.3M |
| Total DebtLower is stronger | — | $597.2M |
| Stockholders' EquityBook value | $2.6B | $1.3B |
| Total Assets | $3.2B | $2.6B |
| Debt / EquityLower = less leverage | — | 0.45× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $644.6M | $129.3M | ||
| Q3 25 | $702.6M | $103.5M | ||
| Q2 25 | $699.3M | $140.5M | ||
| Q1 25 | $626.6M | $97.5M | ||
| Q4 24 | $520.8M | $121.2M | ||
| Q3 24 | $482.0M | $119.6M | ||
| Q2 24 | $869.0M | $128.0M | ||
| Q1 24 | $825.4M | $92.1M |
| Q4 25 | — | $597.2M | ||
| Q3 25 | — | $597.0M | ||
| Q2 25 | — | $596.8M | ||
| Q1 25 | — | $596.6M | ||
| Q4 24 | — | $596.4M | ||
| Q3 24 | — | $596.2M | ||
| Q2 24 | — | $596.0M | ||
| Q1 24 | — | $595.8M |
| Q4 25 | $2.6B | $1.3B | ||
| Q3 25 | $2.6B | $1.3B | ||
| Q2 25 | $2.6B | $1.3B | ||
| Q1 25 | $2.6B | $1.2B | ||
| Q4 24 | $2.5B | $1.2B | ||
| Q3 24 | $2.5B | $1.3B | ||
| Q2 24 | $2.4B | $1.2B | ||
| Q1 24 | $2.4B | $1.3B |
| Q4 25 | $3.2B | $2.6B | ||
| Q3 25 | $3.2B | $2.5B | ||
| Q2 25 | $3.2B | $2.5B | ||
| Q1 25 | $3.2B | $2.5B | ||
| Q4 24 | $3.2B | $2.4B | ||
| Q3 24 | $3.1B | $2.5B | ||
| Q2 24 | $3.0B | $2.5B | ||
| Q1 24 | $3.0B | $2.5B |
| Q4 25 | — | 0.45× | ||
| Q3 25 | — | 0.46× | ||
| Q2 25 | — | 0.46× | ||
| Q1 25 | — | 0.48× | ||
| Q4 24 | — | 0.49× | ||
| Q3 24 | — | 0.47× | ||
| Q2 24 | — | 0.48× | ||
| Q1 24 | — | 0.47× |
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 | $55.1M |
| Free Cash FlowOCF − Capex | $50.2M | $42.4M |
| FCF MarginFCF / Revenue | 14.5% | 8.0% |
| Capex IntensityCapex / Revenue | 1.3% | 2.4% |
| Cash ConversionOCF / Net Profit | 1.03× | 1.63× |
| TTM Free Cash FlowTrailing 4 quarters | $715.3M | $99.3M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $54.8M | $55.1M | ||
| Q3 25 | $472.2M | $17.5M | ||
| Q2 25 | $67.7M | $78.6M | ||
| Q1 25 | $174.9M | $28.8M | ||
| Q4 24 | $106.8M | $55.2M | ||
| Q3 24 | $327.3M | $45.7M | ||
| Q2 24 | $21.3M | $113.6M | ||
| Q1 24 | $181.4M | $75.2M |
| Q4 25 | $50.2M | $42.4M | ||
| Q3 25 | $435.9M | $-5.5M | ||
| Q2 25 | $61.3M | $57.1M | ||
| Q1 25 | $168.0M | $5.3M | ||
| Q4 24 | $100.0M | $35.9M | ||
| Q3 24 | $297.2M | $21.0M | ||
| Q2 24 | $13.7M | $90.3M | ||
| Q1 24 | $172.5M | $48.4M |
| Q4 25 | 14.5% | 8.0% | ||
| Q3 25 | 142.0% | -1.1% | ||
| Q2 25 | 19.4% | 11.1% | ||
| Q1 25 | 45.5% | 1.1% | ||
| Q4 24 | 28.0% | 7.5% | ||
| Q3 24 | 97.5% | 4.4% | ||
| Q2 24 | 4.7% | 16.6% | ||
| Q1 24 | 47.3% | 9.4% |
| Q4 25 | 1.3% | 2.4% | ||
| Q3 25 | 11.8% | 4.6% | ||
| Q2 25 | 2.0% | 4.2% | ||
| Q1 25 | 1.9% | 4.8% | ||
| Q4 24 | 1.9% | 4.0% | ||
| Q3 24 | 9.8% | 5.1% | ||
| Q2 24 | 2.6% | 4.3% | ||
| Q1 24 | 2.4% | 5.2% |
| Q4 25 | 1.03× | 1.63× | ||
| Q3 25 | 9.57× | 0.75× | ||
| Q2 25 | 1.47× | 3.64× | ||
| Q1 25 | 1.91× | 0.92× | ||
| Q4 24 | 1.57× | 3.08× | ||
| Q3 24 | 5.59× | 2.07× | ||
| Q2 24 | 0.55× | 3.06× | ||
| Q1 24 | 1.85× | 3.96× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
DLB
| Licensing Brodcast Revenue | $100.3M | 29% |
| Licensing Mobile Revenue | $74.9M | 22% |
| Licensing Other Revenue | $70.2M | 20% |
| Licensing CE Revenue | $45.6M | 13% |
| Licensing PC Revenue | $28.7M | 8% |
| Products And Services | $26.9M | 8% |
KMT
| Metal Cutting | $331.1M | 63% |
| Infrastructure | $198.5M | 37% |
