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Side-by-side financial comparison of Dolby Laboratories, Inc. (DLB) and Dave & Buster's Entertainment, Inc. (PLAY). Click either name above to swap in a different company.

Dave & Buster's Entertainment, Inc. is the larger business by last-quarter revenue ($448.2M vs $346.7M, roughly 1.3× Dolby Laboratories, Inc.). Dolby Laboratories, Inc. runs the higher net margin — 15.4% vs -9.4%, a 24.8% gap on every dollar of revenue. On growth, Dave & Buster's Entertainment, Inc. posted the faster year-over-year revenue change (-1.1% vs -2.9%). Over the past eight quarters, Dolby Laboratories, Inc.'s revenue compounded faster (9.6% CAGR vs -13.5%).

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.

Dave & Buster's Entertainment, Inc. is an American restaurant and entertainment business headquartered in Dallas. Each Dave & Buster's location has a full-service restaurant, full bar, and a video arcade, the latter of which is known as the "Million Dollar Midway". As of February 2024, the company has 158 locations in the United States, as well as two in Puerto Rico and two in Canada.

DLB vs PLAY — Head-to-Head

Bigger by revenue
PLAY
PLAY
1.3× larger
PLAY
$448.2M
$346.7M
DLB
Growing faster (revenue YoY)
PLAY
PLAY
+1.8% gap
PLAY
-1.1%
-2.9%
DLB
Higher net margin
DLB
DLB
24.8% more per $
DLB
15.4%
-9.4%
PLAY
Faster 2-yr revenue CAGR
DLB
DLB
Annualised
DLB
9.6%
-13.5%
PLAY

Income Statement — Q2 FY2026 vs Q3 FY2026

Metric
DLB
DLB
PLAY
PLAY
Revenue
$346.7M
$448.2M
Net Profit
$53.3M
$-42.1M
Gross Margin
87.5%
85.8%
Operating Margin
17.9%
-3.6%
Net Margin
15.4%
-9.4%
Revenue YoY
-2.9%
-1.1%
Net Profit YoY
-21.4%
-28.7%
EPS (diluted)
$0.55
$-1.22

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
PLAY
PLAY
Q1 26
$346.7M
Q4 25
$346.7M
$448.2M
Q3 25
$307.0M
$557.4M
Q2 25
$315.5M
$567.7M
Q1 25
$369.6M
$534.5M
Q4 24
$357.0M
$453.0M
Q3 24
$304.8M
$557.1M
Q2 24
$288.8M
$588.1M
Net Profit
DLB
DLB
PLAY
PLAY
Q1 26
$53.3M
Q4 25
$53.3M
$-42.1M
Q3 25
$49.3M
$11.4M
Q2 25
$46.1M
$21.7M
Q1 25
$91.8M
$9.3M
Q4 24
$67.8M
$-32.7M
Q3 24
$58.6M
$40.3M
Q2 24
$38.4M
$41.4M
Gross Margin
DLB
DLB
PLAY
PLAY
Q1 26
87.5%
Q4 25
87.5%
85.8%
Q3 25
87.1%
86.3%
Q2 25
86.1%
85.5%
Q1 25
90.3%
85.5%
Q4 24
88.6%
85.0%
Q3 24
88.8%
85.3%
Q2 24
87.7%
85.2%
Operating Margin
DLB
DLB
PLAY
PLAY
Q1 26
17.9%
Q4 25
17.9%
-3.6%
Q3 25
9.7%
9.5%
Q2 25
15.1%
11.1%
Q1 25
29.2%
8.3%
Q4 24
22.4%
1.4%
Q3 24
15.2%
15.2%
Q2 24
12.7%
14.5%
Net Margin
DLB
DLB
PLAY
PLAY
Q1 26
15.4%
Q4 25
15.4%
-9.4%
Q3 25
16.1%
2.0%
Q2 25
14.6%
3.8%
Q1 25
24.8%
1.7%
Q4 24
19.0%
-7.2%
Q3 24
19.2%
7.2%
Q2 24
13.3%
7.0%
EPS (diluted)
DLB
DLB
PLAY
PLAY
Q1 26
$0.55
Q4 25
$0.55
$-1.22
Q3 25
$0.50
$0.32
Q2 25
$0.48
$0.62
Q1 25
$0.94
$0.32
Q4 24
$0.70
$-0.84
Q3 24
$0.59
$0.99
Q2 24
$0.40
$0.99

Balance Sheet & Financial Strength

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

Metric
DLB
DLB
PLAY
PLAY
Cash + ST InvestmentsLiquidity on hand
$644.6M
$13.6M
Total DebtLower is stronger
$1.6B
Stockholders' EquityBook value
$2.6B
$130.8M
Total Assets
$3.2B
$4.1B
Debt / EquityLower = less leverage
12.17×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
DLB
DLB
PLAY
PLAY
Q1 26
$644.6M
Q4 25
$644.6M
$13.6M
Q3 25
$702.6M
$12.0M
Q2 25
$699.3M
$11.9M
Q1 25
$626.6M
$6.9M
Q4 24
$520.8M
$8.6M
Q3 24
$482.0M
$13.1M
Q2 24
$869.0M
$32.1M
Total Debt
DLB
DLB
PLAY
PLAY
Q1 26
Q4 25
$1.6B
Q3 25
$1.6B
Q2 25
$1.6B
Q1 25
$1.5B
Q4 24
$1.5B
Q3 24
$1.3B
Q2 24
$1.3B
Stockholders' Equity
DLB
DLB
PLAY
PLAY
Q1 26
$2.6B
Q4 25
$2.6B
$130.8M
Q3 25
$2.6B
$166.2M
Q2 25
$2.6B
$146.8M
Q1 25
$2.6B
$145.8M
Q4 24
$2.5B
$226.6M
Q3 24
$2.5B
$284.4M
Q2 24
$2.4B
$292.5M
Total Assets
DLB
DLB
PLAY
PLAY
Q1 26
$3.2B
Q4 25
$3.2B
$4.1B
Q3 25
$3.2B
$4.1B
Q2 25
$3.2B
$4.1B
Q1 25
$3.2B
$4.0B
Q4 24
$3.2B
$3.9B
Q3 24
$3.1B
$3.8B
Q2 24
$3.0B
$3.8B
Debt / Equity
DLB
DLB
PLAY
PLAY
Q1 26
Q4 25
12.17×
Q3 25
9.57×
Q2 25
10.98×
Q1 25
10.45×
Q4 24
6.58×
Q3 24
4.72×
Q2 24
4.58×

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
PLAY
PLAY
Operating Cash FlowLast quarter
$54.8M
$58.0M
Free Cash FlowOCF − Capex
$-20.6M
FCF MarginFCF / Revenue
-4.6%
Capex IntensityCapex / Revenue
17.5%
Cash ConversionOCF / Net Profit
1.03×
TTM Free Cash FlowTrailing 4 quarters
$-195.6M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
DLB
DLB
PLAY
PLAY
Q1 26
$54.8M
Q4 25
$54.8M
$58.0M
Q3 25
$472.2M
$34.0M
Q2 25
$67.7M
$95.8M
Q1 25
$174.9M
$108.9M
Q4 24
$106.8M
$-7.2M
Q3 24
$327.3M
$101.8M
Q2 24
$21.3M
$108.8M
Free Cash Flow
DLB
DLB
PLAY
PLAY
Q1 26
Q4 25
$50.2M
$-20.6M
Q3 25
$435.9M
$-55.2M
Q2 25
$61.3M
$-58.8M
Q1 25
$168.0M
$-61.0M
Q4 24
$100.0M
$-138.4M
Q3 24
$297.2M
$-14.3M
Q2 24
$13.7M
$-4.2M
FCF Margin
DLB
DLB
PLAY
PLAY
Q1 26
Q4 25
14.5%
-4.6%
Q3 25
142.0%
-9.9%
Q2 25
19.4%
-10.4%
Q1 25
45.5%
-11.4%
Q4 24
28.0%
-30.6%
Q3 24
97.5%
-2.6%
Q2 24
4.7%
-0.7%
Capex Intensity
DLB
DLB
PLAY
PLAY
Q1 26
Q4 25
1.3%
17.5%
Q3 25
11.8%
16.0%
Q2 25
2.0%
27.2%
Q1 25
1.9%
31.8%
Q4 24
1.9%
29.0%
Q3 24
9.8%
20.8%
Q2 24
2.6%
19.2%
Cash Conversion
DLB
DLB
PLAY
PLAY
Q1 26
1.03×
Q4 25
1.03×
Q3 25
9.57×
2.98×
Q2 25
1.47×
4.41×
Q1 25
1.91×
11.71×
Q4 24
1.57×
Q3 24
5.59×
2.53×
Q2 24
0.55×
2.63×

Financial Flow Comparison

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

Revenue Breakdown by Segment

DLB
DLB

Licensing$319.8M92%
Products and services$26.9M8%

PLAY
PLAY

Game Play Credit Usage$273.1M61%
Food And Nonalcoholic Beverages$115.1M26%
Alcoholic Beverage$53.7M12%
Other Entertainment$6.3M1%
Gift Card Revenue$3.5M1%

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