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Side-by-side financial comparison of Dolby Laboratories, Inc. (DLB) and Paylocity Holding Corp (PCTY). Click either name above to swap in a different company.
Dolby Laboratories, Inc. is the larger business by last-quarter revenue ($395.6M vs $387.0M, roughly 1.0× Paylocity Holding Corp). Dolby Laboratories, Inc. runs the higher net margin — 24.0% vs 13.0%, a 11.0% gap on every dollar of revenue. On growth, Paylocity Holding Corp posted the faster year-over-year revenue change (11.3% vs 7.1%). Over the past eight quarters, Dolby Laboratories, Inc.'s revenue compounded faster (13.9% CAGR vs 2.7%).
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.
Paylocity Holding Corporation is an American provider of cloud-based payroll, , spend management, and human capital management (HCM) software.
DLB vs PCTY — Head-to-Head
Income Statement — Q3 FY2026 vs Q2 FY2026
| Metric | | |
|---|---|---|
| Revenue | $395.6M | $387.0M |
| Net Profit | $94.9M | $50.2M |
| Gross Margin | 88.7% | 72.9% |
| Operating Margin | 28.5% | 18.2% |
| Net Margin | 24.0% | 13.0% |
| Revenue YoY | 7.1% | 11.3% |
| Net Profit YoY | 3.4% | 34.0% |
| EPS (diluted) | $0.99 | $0.92 |
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 | $387.0M | ||
| Q3 25 | $307.0M | $378.9M | ||
| Q2 25 | $315.5M | $369.9M | ||
| Q1 25 | $369.6M | $421.1M | ||
| Q4 24 | $357.0M | $347.7M | ||
| Q3 24 | $304.8M | $333.1M |
| Q2 26 | $94.9M | — | ||
| Q1 26 | $53.3M | — | ||
| Q4 25 | $53.3M | $50.2M | ||
| Q3 25 | $49.3M | $48.0M | ||
| Q2 25 | $46.1M | $48.6M | ||
| Q1 25 | $91.8M | $91.5M | ||
| Q4 24 | $67.8M | $37.5M | ||
| Q3 24 | $58.6M | $49.6M |
| Q2 26 | 88.7% | — | ||
| Q1 26 | 87.5% | — | ||
| Q4 25 | 87.5% | 72.9% | ||
| Q3 25 | 87.1% | 73.9% | ||
| Q2 25 | 86.1% | 73.5% | ||
| Q1 25 | 90.3% | 77.1% | ||
| Q4 24 | 88.6% | 72.6% | ||
| Q3 24 | 88.8% | 74.4% |
| Q2 26 | 28.5% | — | ||
| Q1 26 | 17.9% | — | ||
| Q4 25 | 17.9% | 18.2% | ||
| Q3 25 | 9.7% | 19.6% | ||
| Q2 25 | 15.1% | 17.9% | ||
| Q1 25 | 29.2% | 30.2% | ||
| Q4 24 | 22.4% | 13.4% | ||
| Q3 24 | 15.2% | 19.3% |
| Q2 26 | 24.0% | — | ||
| Q1 26 | 15.4% | — | ||
| Q4 25 | 15.4% | 13.0% | ||
| Q3 25 | 16.1% | 12.7% | ||
| Q2 25 | 14.6% | 13.1% | ||
| Q1 25 | 24.8% | 21.7% | ||
| Q4 24 | 19.0% | 10.8% | ||
| Q3 24 | 19.2% | 14.9% |
| Q2 26 | $0.99 | — | ||
| Q1 26 | $0.55 | — | ||
| Q4 25 | $0.55 | $0.92 | ||
| Q3 25 | $0.50 | $0.86 | ||
| Q2 25 | $0.48 | $0.87 | ||
| Q1 25 | $0.94 | $1.61 | ||
| Q4 24 | $0.70 | $0.66 | ||
| Q3 24 | $0.59 | $0.88 |
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 | $162.5M |
| Total DebtLower is stronger | — | $81.3M |
| Stockholders' EquityBook value | $2.6B | $1.1B |
| Total Assets | $3.2B | $7.0B |
| Debt / EquityLower = less leverage | — | 0.07× |
8-quarter trend — quarters aligned by calendar period.
| Q2 26 | $594.7M | — | ||
| Q1 26 | $644.6M | — | ||
| Q4 25 | $644.6M | $162.5M | ||
| Q3 25 | $702.6M | $165.2M | ||
| Q2 25 | $699.3M | $398.1M | ||
| Q1 25 | $626.6M | $477.8M | ||
| Q4 24 | $520.8M | $482.4M | ||
| Q3 24 | $482.0M | $778.5M |
| Q2 26 | — | — | ||
| Q1 26 | — | — | ||
| Q4 25 | — | $81.3M | ||
| Q3 25 | — | $81.3M | ||
| Q2 25 | — | $162.5M | ||
| Q1 25 | — | $243.8M | ||
| Q4 24 | — | $325.0M | ||
| Q3 24 | — | $325.0M |
| Q2 26 | $2.6B | — | ||
| Q1 26 | $2.6B | — | ||
| Q4 25 | $2.6B | $1.1B | ||
| Q3 25 | $2.6B | $1.1B | ||
| Q2 25 | $2.6B | $1.2B | ||
| Q1 25 | $2.6B | $1.2B | ||
| Q4 24 | $2.5B | $1.2B | ||
| Q3 24 | $2.5B | $1.1B |
| Q2 26 | $3.2B | — | ||
| Q1 26 | $3.2B | — | ||
| Q4 25 | $3.2B | $7.0B | ||
| Q3 25 | $3.2B | $4.2B | ||
| Q2 25 | $3.2B | $4.4B | ||
| Q1 25 | $3.2B | $5.2B | ||
| Q4 24 | $3.2B | $5.3B | ||
| Q3 24 | $3.1B | $4.0B |
| Q2 26 | — | — | ||
| Q1 26 | — | — | ||
| Q4 25 | — | 0.07× | ||
| Q3 25 | — | 0.07× | ||
| Q2 25 | — | 0.13× | ||
| Q1 25 | — | 0.20× | ||
| Q4 24 | — | 0.28× | ||
| Q3 24 | — | 0.29× |
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 | $117.0M |
| Free Cash FlowOCF − Capex | — | $113.6M |
| FCF MarginFCF / Revenue | — | 29.4% |
| Capex IntensityCapex / Revenue | — | 0.9% |
| Cash ConversionOCF / Net Profit | 1.55× | 2.33× |
| TTM Free Cash FlowTrailing 4 quarters | — | $461.1M |
8-quarter trend — quarters aligned by calendar period.
| Q2 26 | $147.3M | — | ||
| Q1 26 | $54.8M | — | ||
| Q4 25 | $54.8M | $117.0M | ||
| Q3 25 | $472.2M | $86.5M | ||
| Q2 25 | $67.7M | $86.6M | ||
| Q1 25 | $174.9M | $186.0M | ||
| Q4 24 | $106.8M | $54.2M | ||
| Q3 24 | $327.3M | $91.5M |
| Q2 26 | — | — | ||
| Q1 26 | — | — | ||
| Q4 25 | $50.2M | $113.6M | ||
| Q3 25 | $435.9M | $82.7M | ||
| Q2 25 | $61.3M | $81.1M | ||
| Q1 25 | $168.0M | $183.7M | ||
| Q4 24 | $100.0M | $51.2M | ||
| Q3 24 | $297.2M | $89.1M |
| Q2 26 | — | — | ||
| Q1 26 | — | — | ||
| Q4 25 | 14.5% | 29.4% | ||
| Q3 25 | 142.0% | 21.8% | ||
| Q2 25 | 19.4% | 21.9% | ||
| Q1 25 | 45.5% | 43.6% | ||
| Q4 24 | 28.0% | 14.7% | ||
| Q3 24 | 97.5% | 26.8% |
| Q2 26 | — | — | ||
| Q1 26 | — | — | ||
| Q4 25 | 1.3% | 0.9% | ||
| Q3 25 | 11.8% | 1.0% | ||
| Q2 25 | 2.0% | 1.5% | ||
| Q1 25 | 1.9% | 0.5% | ||
| Q4 24 | 1.9% | 0.9% | ||
| Q3 24 | 9.8% | 0.7% |
| Q2 26 | 1.55× | — | ||
| Q1 26 | 1.03× | — | ||
| Q4 25 | 1.03× | 2.33× | ||
| Q3 25 | 9.57× | 1.80× | ||
| Q2 25 | 1.47× | 1.78× | ||
| Q1 25 | 1.91× | 2.03× | ||
| Q4 24 | 1.57× | 1.45× | ||
| Q3 24 | 5.59× | 1.84× |
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% |
PCTY
| Recurring Fees | $370.1M | 96% |
| Implementation Services And Other | $16.9M | 4% |
