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Side-by-side financial comparison of Dolby Laboratories, Inc. (DLB) and Paymentus Holdings, Inc. (PAY). Click either name above to swap in a different company.
Dolby Laboratories, Inc. is the larger business by last-quarter revenue ($395.6M vs $330.5M, roughly 1.2× Paymentus Holdings, Inc.). Dolby Laboratories, Inc. runs the higher net margin — 24.0% vs 6.3%, a 17.7% gap on every dollar of revenue. On growth, Paymentus Holdings, Inc. posted the faster year-over-year revenue change (28.1% vs 7.1%). Over the past eight quarters, Paymentus Holdings, Inc.'s revenue compounded faster (33.7% 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.
Paymentus Holdings, Inc. is a leading cloud-based bill payment and customer engagement technology provider. It offers integrated digital payment solutions, billing automation tools, and self-service portals for enterprises across utilities, financial services, government, healthcare, and telecommunications segments, primarily operating in the North American market.
DLB vs PAY — Head-to-Head
Income Statement — Q3 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $395.6M | $330.5M |
| Net Profit | $94.9M | $20.7M |
| Gross Margin | 88.7% | 25.4% |
| Operating Margin | 28.5% | 7.3% |
| Net Margin | 24.0% | 6.3% |
| Revenue YoY | 7.1% | 28.1% |
| Net Profit YoY | 3.4% | 57.2% |
| EPS (diluted) | $0.99 | $0.16 |
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.
| Q2 26 | $395.6M | — | ||
| Q1 26 | $346.7M | — | ||
| Q4 25 | $346.7M | $330.5M | ||
| Q3 25 | $307.0M | $310.7M | ||
| Q2 25 | $315.5M | $280.1M | ||
| Q1 25 | $369.6M | $275.2M | ||
| Q4 24 | $357.0M | $257.9M | ||
| Q3 24 | $304.8M | $231.6M |
| Q2 26 | $94.9M | — | ||
| Q1 26 | $53.3M | — | ||
| Q4 25 | $53.3M | $20.7M | ||
| Q3 25 | $49.3M | $17.7M | ||
| Q2 25 | $46.1M | $14.7M | ||
| Q1 25 | $91.8M | $13.8M | ||
| Q4 24 | $67.8M | $13.1M | ||
| Q3 24 | $58.6M | $14.4M |
| Q2 26 | 88.7% | — | ||
| Q1 26 | 87.5% | — | ||
| Q4 25 | 87.5% | 25.4% | ||
| Q3 25 | 87.1% | 24.1% | ||
| Q2 25 | 86.1% | 25.5% | ||
| Q1 25 | 90.3% | 24.0% | ||
| Q4 24 | 88.6% | 25.6% | ||
| Q3 24 | 88.8% | 26.2% |
| Q2 26 | 28.5% | — | ||
| Q1 26 | 17.9% | — | ||
| Q4 25 | 17.9% | 7.3% | ||
| Q3 25 | 9.7% | 6.4% | ||
| Q2 25 | 15.1% | 5.7% | ||
| Q1 25 | 29.2% | 5.7% | ||
| Q4 24 | 22.4% | 5.5% | ||
| Q3 24 | 15.2% | 5.2% |
| Q2 26 | 24.0% | — | ||
| Q1 26 | 15.4% | — | ||
| Q4 25 | 15.4% | 6.3% | ||
| Q3 25 | 16.1% | 5.7% | ||
| Q2 25 | 14.6% | 5.3% | ||
| Q1 25 | 24.8% | 5.0% | ||
| Q4 24 | 19.0% | 5.1% | ||
| Q3 24 | 19.2% | 6.2% |
| Q2 26 | $0.99 | — | ||
| Q1 26 | $0.55 | — | ||
| Q4 25 | $0.55 | $0.16 | ||
| Q3 25 | $0.50 | $0.14 | ||
| Q2 25 | $0.48 | $0.11 | ||
| Q1 25 | $0.94 | $0.11 | ||
| Q4 24 | $0.70 | $0.11 | ||
| Q3 24 | $0.59 | $0.11 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $594.7M | $320.9M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $2.6B | $560.4M |
| Total Assets | $3.2B | $667.9M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q2 26 | $594.7M | — | ||
| Q1 26 | $644.6M | — | ||
| Q4 25 | $644.6M | $320.9M | ||
| Q3 25 | $702.6M | $287.9M | ||
| Q2 25 | $699.3M | $266.4M | ||
| Q1 25 | $626.6M | $245.8M | ||
| Q4 24 | $520.8M | $205.9M | ||
| Q3 24 | $482.0M | $187.5M |
| Q2 26 | $2.6B | — | ||
| Q1 26 | $2.6B | — | ||
| Q4 25 | $2.6B | $560.4M | ||
| Q3 25 | $2.6B | $537.4M | ||
| Q2 25 | $2.6B | $516.7M | ||
| Q1 25 | $2.6B | $500.4M | ||
| Q4 24 | $2.5B | $485.6M | ||
| Q3 24 | $2.5B | $468.8M |
| Q2 26 | $3.2B | — | ||
| Q1 26 | $3.2B | — | ||
| Q4 25 | $3.2B | $667.9M | ||
| Q3 25 | $3.2B | $644.4M | ||
| Q2 25 | $3.2B | $609.5M | ||
| Q1 25 | $3.2B | $590.9M | ||
| Q4 24 | $3.2B | $576.2M | ||
| Q3 24 | $3.1B | $552.9M |
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 | $147.3M | $45.1M |
| Free Cash FlowOCF − Capex | — | $45.0M |
| FCF MarginFCF / Revenue | — | 13.6% |
| Capex IntensityCapex / Revenue | — | 0.0% |
| Cash ConversionOCF / Net Profit | 1.55× | 2.18× |
| TTM Free Cash FlowTrailing 4 quarters | — | $161.8M |
8-quarter trend — quarters aligned by calendar period.
| Q2 26 | $147.3M | — | ||
| Q1 26 | $54.8M | — | ||
| Q4 25 | $54.8M | $45.1M | ||
| Q3 25 | $472.2M | $35.1M | ||
| Q2 25 | $67.7M | $31.5M | ||
| Q1 25 | $174.9M | $50.4M | ||
| Q4 24 | $106.8M | $27.9M | ||
| Q3 24 | $327.3M | $6.7M |
| Q2 26 | — | — | ||
| Q1 26 | — | — | ||
| Q4 25 | $50.2M | $45.0M | ||
| Q3 25 | $435.9M | $35.0M | ||
| Q2 25 | $61.3M | $31.4M | ||
| Q1 25 | $168.0M | $50.4M | ||
| Q4 24 | $100.0M | $27.8M | ||
| Q3 24 | $297.2M | $6.7M |
| Q2 26 | — | — | ||
| Q1 26 | — | — | ||
| Q4 25 | 14.5% | 13.6% | ||
| Q3 25 | 142.0% | 11.3% | ||
| Q2 25 | 19.4% | 11.2% | ||
| Q1 25 | 45.5% | 18.3% | ||
| Q4 24 | 28.0% | 10.8% | ||
| Q3 24 | 97.5% | 2.9% |
| Q2 26 | — | — | ||
| Q1 26 | — | — | ||
| Q4 25 | 1.3% | 0.0% | ||
| Q3 25 | 11.8% | 0.0% | ||
| Q2 25 | 2.0% | 0.0% | ||
| Q1 25 | 1.9% | 0.0% | ||
| Q4 24 | 1.9% | 0.0% | ||
| Q3 24 | 9.8% | 0.0% |
| Q2 26 | 1.55× | — | ||
| Q1 26 | 1.03× | — | ||
| Q4 25 | 1.03× | 2.18× | ||
| Q3 25 | 9.57× | 1.98× | ||
| Q2 25 | 1.47× | 2.14× | ||
| Q1 25 | 1.91× | 3.65× | ||
| Q4 24 | 1.57× | 2.12× | ||
| Q3 24 | 5.59× | 0.47× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
DLB
| Licensing | $372.2M | 94% |
| Products and services | $23.4M | 6% |
PAY
| Payment Transaction Processing Revenue | $326.9M | 99% |
| Other | $3.5M | 1% |
