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Side-by-side financial comparison of Dolby Laboratories, Inc. (DLB) and NEW JERSEY RESOURCES CORP (NJR). Click either name above to swap in a different company.

NEW JERSEY RESOURCES CORP is the larger business by last-quarter revenue ($939.4M vs $395.6M, roughly 2.4× Dolby Laboratories, Inc.). Dolby Laboratories, Inc. runs the higher net margin — 24.0% vs 23.3%, a 0.7% gap on every dollar of revenue. On growth, Dolby Laboratories, Inc. posted the faster year-over-year revenue change (7.1% vs -33.0%). Over the past eight quarters, NEW JERSEY RESOURCES CORP's revenue compounded faster (111.6% CAGR vs 13.9%).

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.

New Jersey Resources is an energy services holding company based in Wall Township, New Jersey. It is a Fortune 1000 company, and a member of the Forbes Platinum 400. New Jersey Natural Gas is its principal subsidiary.

DLB vs NJR — Head-to-Head

Bigger by revenue
NJR
NJR
2.4× larger
NJR
$939.4M
$395.6M
DLB
Growing faster (revenue YoY)
DLB
DLB
+40.0% gap
DLB
7.1%
-33.0%
NJR
Higher net margin
DLB
DLB
0.7% more per $
DLB
24.0%
23.3%
NJR
Faster 2-yr revenue CAGR
NJR
NJR
Annualised
NJR
111.6%
13.9%
DLB

Income Statement — Q3 FY2026 vs Q2 FY2026

Metric
DLB
DLB
NJR
NJR
Revenue
$395.6M
$939.4M
Net Profit
$94.9M
$218.9M
Gross Margin
88.7%
Operating Margin
28.5%
32.0%
Net Margin
24.0%
23.3%
Revenue YoY
7.1%
-33.0%
Net Profit YoY
3.4%
7.2%
EPS (diluted)
$0.99
$2.16

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
NJR
NJR
Q2 26
$395.6M
Q1 26
$346.7M
$939.4M
Q4 25
$346.7M
$440.9M
Q3 25
$307.0M
$188.3M
Q2 25
$315.5M
$234.8M
Q1 25
$369.6M
$569.2M
Q4 24
$357.0M
$359.0M
Q3 24
$304.8M
$265.7M
Net Profit
DLB
DLB
NJR
NJR
Q2 26
$94.9M
Q1 26
$53.3M
$218.9M
Q4 25
$53.3M
$122.5M
Q3 25
$49.3M
$15.1M
Q2 25
$46.1M
$-15.1M
Q1 25
$91.8M
$204.3M
Q4 24
$67.8M
$131.3M
Q3 24
$58.6M
$91.1M
Gross Margin
DLB
DLB
NJR
NJR
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
NJR
NJR
Q2 26
28.5%
Q1 26
17.9%
32.0%
Q4 25
17.9%
40.6%
Q3 25
9.7%
21.5%
Q2 25
15.1%
-0.5%
Q1 25
29.2%
49.2%
Q4 24
22.4%
52.8%
Q3 24
15.2%
55.0%
Net Margin
DLB
DLB
NJR
NJR
Q2 26
24.0%
Q1 26
15.4%
23.3%
Q4 25
15.4%
27.8%
Q3 25
16.1%
8.0%
Q2 25
14.6%
-6.4%
Q1 25
24.8%
35.9%
Q4 24
19.0%
36.6%
Q3 24
19.2%
34.3%
EPS (diluted)
DLB
DLB
NJR
NJR
Q2 26
$0.99
Q1 26
$0.55
$2.16
Q4 25
$0.55
$1.21
Q3 25
$0.50
$0.15
Q2 25
$0.48
$-0.15
Q1 25
$0.94
$2.02
Q4 24
$0.70
$1.31
Q3 24
$0.59
$0.91

Balance Sheet & Financial Strength

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

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

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
DLB
DLB
NJR
NJR
Q2 26
$594.7M
Q1 26
$644.6M
Q4 25
$644.6M
$2.4M
Q3 25
$702.6M
$591.0K
Q2 25
$699.3M
$931.0K
Q1 25
$626.6M
$83.7M
Q4 24
$520.8M
$1.9M
Q3 24
$482.0M
$1.0M
Total Debt
DLB
DLB
NJR
NJR
Q2 26
Q1 26
Q4 25
$3.3B
Q3 25
$3.3B
Q2 25
$3.0B
Q1 25
$3.0B
Q4 24
$3.0B
Q3 24
$2.9B
Stockholders' Equity
DLB
DLB
NJR
NJR
Q2 26
$2.6B
Q1 26
$2.6B
Q4 25
$2.6B
$2.5B
Q3 25
$2.6B
$2.4B
Q2 25
$2.6B
$2.4B
Q1 25
$2.6B
$2.5B
Q4 24
$2.5B
$2.3B
Q3 24
$2.5B
$2.2B
Total Assets
DLB
DLB
NJR
NJR
Q2 26
$3.2B
Q1 26
$3.2B
Q4 25
$3.2B
$7.9B
Q3 25
$3.2B
$7.6B
Q2 25
$3.2B
$7.3B
Q1 25
$3.2B
$7.3B
Q4 24
$3.2B
$7.2B
Q3 24
$3.1B
$7.0B
Debt / Equity
DLB
DLB
NJR
NJR
Q2 26
Q1 26
Q4 25
1.32×
Q3 25
1.36×
Q2 25
1.25×
Q1 25
1.20×
Q4 24
1.29×
Q3 24
1.31×

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
NJR
NJR
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
NJR
NJR
Q2 26
$147.3M
Q1 26
$54.8M
Q4 25
$54.8M
$26.7M
Q3 25
$472.2M
$81.2M
Q2 25
$67.7M
$-28.9M
Q1 25
$174.9M
$423.0M
Q4 24
$106.8M
$-9.0M
Q3 24
$327.3M
$64.5M
Free Cash Flow
DLB
DLB
NJR
NJR
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
NJR
NJR
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
NJR
NJR
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
NJR
NJR
Q2 26
1.55×
Q1 26
1.03×
Q4 25
1.03×
0.22×
Q3 25
9.57×
5.39×
Q2 25
1.47×
Q1 25
1.91×
2.07×
Q4 24
1.57×
-0.07×
Q3 24
5.59×
0.71×

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%

NJR
NJR

Utility$640.9M68%
Nonutility$298.5M32%

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