vs

Side-by-side financial comparison of Dolby Laboratories, Inc. (DLB) and ONESPAWORLD HOLDINGS Ltd (OSW). Click either name above to swap in a different company.

Dolby Laboratories, Inc. is the larger business by last-quarter revenue ($346.7M vs $242.1M, roughly 1.4× ONESPAWORLD HOLDINGS Ltd). Dolby Laboratories, Inc. runs the higher net margin — 15.4% vs 5.0%, a 10.4% gap on every dollar of revenue. On growth, ONESPAWORLD HOLDINGS Ltd posted the faster year-over-year revenue change (11.5% vs -2.9%). Dolby Laboratories, Inc. produced more free cash flow last quarter ($50.2M vs $14.9M). Over the past eight quarters, ONESPAWORLD HOLDINGS Ltd's revenue compounded faster (7.1% 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.

DLB vs OSW — Head-to-Head

Bigger by revenue
DLB
DLB
1.4× larger
DLB
$346.7M
$242.1M
OSW
Growing faster (revenue YoY)
OSW
OSW
+14.4% gap
OSW
11.5%
-2.9%
DLB
Higher net margin
DLB
DLB
10.4% more per $
DLB
15.4%
5.0%
OSW
More free cash flow
DLB
DLB
$35.3M more FCF
DLB
$50.2M
$14.9M
OSW
Faster 2-yr revenue CAGR
OSW
OSW
Annualised
OSW
7.1%
-2.5%
DLB

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
DLB
DLB
OSW
OSW
Revenue
$346.7M
$242.1M
Net Profit
$53.3M
$12.1M
Gross Margin
87.5%
Operating Margin
17.9%
6.8%
Net Margin
15.4%
5.0%
Revenue YoY
-2.9%
11.5%
Net Profit YoY
-21.4%
-16.2%
EPS (diluted)
$0.55
$0.12

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
OSW
OSW
Q4 25
$346.7M
$242.1M
Q3 25
$307.0M
$258.5M
Q2 25
$315.5M
$240.7M
Q1 25
$369.6M
$219.6M
Q4 24
$357.0M
$217.2M
Q3 24
$304.8M
$241.7M
Q2 24
$288.8M
$224.9M
Q1 24
$364.5M
$211.2M
Net Profit
DLB
DLB
OSW
OSW
Q4 25
$53.3M
$12.1M
Q3 25
$49.3M
$24.3M
Q2 25
$46.1M
$19.9M
Q1 25
$91.8M
$15.3M
Q4 24
$67.8M
$14.4M
Q3 24
$58.6M
$21.6M
Q2 24
$38.4M
$15.8M
Q1 24
$97.8M
$21.2M
Gross Margin
DLB
DLB
OSW
OSW
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 24
89.4%
Operating Margin
DLB
DLB
OSW
OSW
Q4 25
17.9%
6.8%
Q3 25
9.7%
10.2%
Q2 25
15.1%
9.2%
Q1 25
29.2%
7.7%
Q4 24
22.4%
7.9%
Q3 24
15.2%
10.3%
Q2 24
12.7%
8.4%
Q1 24
29.9%
8.0%
Net Margin
DLB
DLB
OSW
OSW
Q4 25
15.4%
5.0%
Q3 25
16.1%
9.4%
Q2 25
14.6%
8.3%
Q1 25
24.8%
7.0%
Q4 24
19.0%
6.6%
Q3 24
19.2%
8.9%
Q2 24
13.3%
7.0%
Q1 24
26.8%
10.0%
EPS (diluted)
DLB
DLB
OSW
OSW
Q4 25
$0.55
$0.12
Q3 25
$0.50
$0.23
Q2 25
$0.48
$0.19
Q1 25
$0.94
$0.15
Q4 24
$0.70
$0.13
Q3 24
$0.59
$0.20
Q2 24
$0.40
$0.15
Q1 24
$1.01
$0.21

Balance Sheet & Financial Strength

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

Metric
DLB
DLB
OSW
OSW
Cash + ST InvestmentsLiquidity on hand
$644.6M
$16.3M
Total DebtLower is stronger
$84.0M
Stockholders' EquityBook value
$2.6B
$542.6M
Total Assets
$3.2B
$707.1M
Debt / EquityLower = less leverage
0.15×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
DLB
DLB
OSW
OSW
Q4 25
$644.6M
$16.3M
Q3 25
$702.6M
$29.6M
Q2 25
$699.3M
$35.0M
Q1 25
$626.6M
$22.6M
Q4 24
$520.8M
$57.4M
Q3 24
$482.0M
$48.8M
Q2 24
$869.0M
$62.5M
Q1 24
$825.4M
$65.4M
Total Debt
DLB
DLB
OSW
OSW
Q4 25
$84.0M
Q3 25
$85.2M
Q2 25
$96.2M
Q1 25
$97.4M
Q4 24
$98.6M
Q3 24
$98.7M
Q2 24
$123.8M
Q1 24
$138.6M
Stockholders' Equity
DLB
DLB
OSW
OSW
Q4 25
$2.6B
$542.6M
Q3 25
$2.6B
$552.8M
Q2 25
$2.6B
$548.3M
Q1 25
$2.6B
$530.6M
Q4 24
$2.5B
$554.5M
Q3 24
$2.5B
$540.1M
Q2 24
$2.4B
$532.7M
Q1 24
$2.4B
$515.5M
Total Assets
DLB
DLB
OSW
OSW
Q4 25
$3.2B
$707.1M
Q3 25
$3.2B
$732.6M
Q2 25
$3.2B
$731.8M
Q1 25
$3.2B
$708.7M
Q4 24
$3.2B
$746.4M
Q3 24
$3.1B
$734.0M
Q2 24
$3.0B
$756.8M
Q1 24
$3.0B
$763.6M
Debt / Equity
DLB
DLB
OSW
OSW
Q4 25
0.15×
Q3 25
0.15×
Q2 25
0.18×
Q1 25
0.18×
Q4 24
0.18×
Q3 24
0.18×
Q2 24
0.23×
Q1 24
0.27×

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
OSW
OSW
Operating Cash FlowLast quarter
$54.8M
$20.0M
Free Cash FlowOCF − Capex
$50.2M
$14.9M
FCF MarginFCF / Revenue
14.5%
6.2%
Capex IntensityCapex / Revenue
1.3%
2.1%
Cash ConversionOCF / Net Profit
1.03×
1.65×
TTM Free Cash FlowTrailing 4 quarters
$715.3M
$68.4M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
DLB
DLB
OSW
OSW
Q4 25
$54.8M
$20.0M
Q3 25
$472.2M
$33.2M
Q2 25
$67.7M
$20.3M
Q1 25
$174.9M
$10.1M
Q4 24
$106.8M
$16.6M
Q3 24
$327.3M
$28.6M
Q2 24
$21.3M
$18.7M
Q1 24
$181.4M
$15.0M
Free Cash Flow
DLB
DLB
OSW
OSW
Q4 25
$50.2M
$14.9M
Q3 25
$435.9M
$27.6M
Q2 25
$61.3M
$17.6M
Q1 25
$168.0M
$8.4M
Q4 24
$100.0M
$13.2M
Q3 24
$297.2M
$27.5M
Q2 24
$13.7M
$17.6M
Q1 24
$172.5M
$13.7M
FCF Margin
DLB
DLB
OSW
OSW
Q4 25
14.5%
6.2%
Q3 25
142.0%
10.7%
Q2 25
19.4%
7.3%
Q1 25
45.5%
3.8%
Q4 24
28.0%
6.1%
Q3 24
97.5%
11.4%
Q2 24
4.7%
7.8%
Q1 24
47.3%
6.5%
Capex Intensity
DLB
DLB
OSW
OSW
Q4 25
1.3%
2.1%
Q3 25
11.8%
2.2%
Q2 25
2.0%
1.1%
Q1 25
1.9%
0.8%
Q4 24
1.9%
1.5%
Q3 24
9.8%
0.5%
Q2 24
2.6%
0.5%
Q1 24
2.4%
0.6%
Cash Conversion
DLB
DLB
OSW
OSW
Q4 25
1.03×
1.65×
Q3 25
9.57×
1.36×
Q2 25
1.47×
1.02×
Q1 25
1.91×
0.66×
Q4 24
1.57×
1.15×
Q3 24
5.59×
1.33×
Q2 24
0.55×
1.19×
Q1 24
1.85×
0.71×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

DLB
DLB

Licensing Brodcast Revenue$100.3M29%
Licensing Mobile Revenue$74.9M22%
Licensing Other Revenue$70.2M20%
Licensing CE Revenue$45.6M13%
Licensing PC Revenue$28.7M8%
Products And Services$26.9M8%

OSW
OSW

Services$197.3M82%
Products$44.8M18%

Related Comparisons