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Side-by-side financial comparison of Dolby Laboratories, Inc. (DLB) and PROG Holdings, Inc. (PRG). Click either name above to swap in a different company.

PROG Holdings, Inc. is the larger business by last-quarter revenue ($651.6M vs $395.6M, roughly 1.6× Dolby Laboratories, Inc.). Dolby Laboratories, Inc. runs the higher net margin — 24.0% vs 5.5%, a 18.5% gap on every dollar of revenue. On growth, PROG Holdings, Inc. posted the faster year-over-year revenue change (457.1% vs 7.1%). Over the past eight quarters, Dolby Laboratories, Inc.'s revenue compounded faster (13.9% CAGR vs 4.9%).

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.

PROG Holdings, Inc. is a U.S.-based financial technology firm providing flexible lease-to-own and point-of-sale financing solutions to consumers. Operating primarily in the U.S. market, its core segments include retail partner financing, consumer lending, and payment services that help customers access electronics and household goods without traditional credit requirements.

DLB vs PRG — Head-to-Head

Bigger by revenue
PRG
PRG
1.6× larger
PRG
$651.6M
$395.6M
DLB
Growing faster (revenue YoY)
PRG
PRG
+450.1% gap
PRG
457.1%
7.1%
DLB
Higher net margin
DLB
DLB
18.5% more per $
DLB
24.0%
5.5%
PRG
Faster 2-yr revenue CAGR
DLB
DLB
Annualised
DLB
13.9%
4.9%
PRG

Income Statement — Q3 FY2026 vs Q1 FY2026

Metric
DLB
DLB
PRG
PRG
Revenue
$395.6M
$651.6M
Net Profit
$94.9M
$36.1M
Gross Margin
88.7%
Operating Margin
28.5%
10.0%
Net Margin
24.0%
5.5%
Revenue YoY
7.1%
457.1%
Net Profit YoY
3.4%
3.8%
EPS (diluted)
$0.99
$3.68

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
PRG
PRG
Q2 26
$395.6M
Q1 26
$346.7M
$651.6M
Q4 25
$346.7M
$525.4M
Q3 25
$307.0M
$595.1M
Q2 25
$315.5M
$604.7M
Q1 25
$369.6M
$684.1M
Q4 24
$357.0M
$558.9M
Q3 24
$304.8M
$606.1M
Net Profit
DLB
DLB
PRG
PRG
Q2 26
$94.9M
Q1 26
$53.3M
$36.1M
Q4 25
$53.3M
$40.5M
Q3 25
$49.3M
$33.1M
Q2 25
$46.1M
$38.5M
Q1 25
$91.8M
$34.7M
Q4 24
$67.8M
$57.5M
Q3 24
$58.6M
$84.0M
Gross Margin
DLB
DLB
PRG
PRG
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
PRG
PRG
Q2 26
28.5%
Q1 26
17.9%
10.0%
Q4 25
17.9%
6.9%
Q3 25
9.7%
9.0%
Q2 25
15.1%
10.0%
Q1 25
29.2%
8.2%
Q4 24
22.4%
8.9%
Q3 24
15.2%
8.1%
Net Margin
DLB
DLB
PRG
PRG
Q2 26
24.0%
Q1 26
15.4%
5.5%
Q4 25
15.4%
7.7%
Q3 25
16.1%
5.6%
Q2 25
14.6%
6.4%
Q1 25
24.8%
5.1%
Q4 24
19.0%
10.3%
Q3 24
19.2%
13.9%
EPS (diluted)
DLB
DLB
PRG
PRG
Q2 26
$0.99
Q1 26
$0.55
$3.68
Q4 25
$0.55
$0.99
Q3 25
$0.50
$0.82
Q2 25
$0.48
$0.95
Q1 25
$0.94
$0.83
Q4 24
$0.70
$1.33
Q3 24
$0.59
$1.94

Balance Sheet & Financial Strength

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

Metric
DLB
DLB
PRG
PRG
Cash + ST InvestmentsLiquidity on hand
$594.7M
$69.4M
Total DebtLower is stronger
Stockholders' EquityBook value
$2.6B
$774.4M
Total Assets
$3.2B
$2.0B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
DLB
DLB
PRG
PRG
Q2 26
$594.7M
Q1 26
$644.6M
$69.4M
Q4 25
$644.6M
$308.8M
Q3 25
$702.6M
$292.6M
Q2 25
$699.3M
$222.0M
Q1 25
$626.6M
$213.3M
Q4 24
$520.8M
$90.9M
Q3 24
$482.0M
$221.7M
Total Debt
DLB
DLB
PRG
PRG
Q2 26
Q1 26
Q4 25
$594.9M
Q3 25
Q2 25
Q1 25
Q4 24
$643.6M
Q3 24
Stockholders' Equity
DLB
DLB
PRG
PRG
Q2 26
$2.6B
Q1 26
$2.6B
$774.4M
Q4 25
$2.6B
$746.4M
Q3 25
$2.6B
$703.6M
Q2 25
$2.6B
$668.7M
Q1 25
$2.6B
$654.4M
Q4 24
$2.5B
$650.3M
Q3 24
$2.5B
$630.8M
Total Assets
DLB
DLB
PRG
PRG
Q2 26
$3.2B
Q1 26
$3.2B
$2.0B
Q4 25
$3.2B
$1.6B
Q3 25
$3.2B
$1.5B
Q2 25
$3.2B
$1.5B
Q1 25
$3.2B
$1.5B
Q4 24
$3.2B
$1.5B
Q3 24
$3.1B
$1.4B
Debt / Equity
DLB
DLB
PRG
PRG
Q2 26
Q1 26
Q4 25
0.80×
Q3 25
Q2 25
Q1 25
Q4 24
0.99×
Q3 24

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
PRG
PRG
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
PRG
PRG
Q2 26
$147.3M
Q1 26
$54.8M
Q4 25
$54.8M
$-54.9M
Q3 25
$472.2M
$110.0M
Q2 25
$67.7M
$69.9M
Q1 25
$174.9M
$209.9M
Q4 24
$106.8M
$-84.5M
Q3 24
$327.3M
$31.9M
Free Cash Flow
DLB
DLB
PRG
PRG
Q2 26
Q1 26
Q4 25
$50.2M
$-57.5M
Q3 25
$435.9M
$106.5M
Q2 25
$61.3M
$68.0M
Q1 25
$168.0M
$208.0M
Q4 24
$100.0M
$-86.8M
Q3 24
$297.2M
$29.8M
FCF Margin
DLB
DLB
PRG
PRG
Q2 26
Q1 26
Q4 25
14.5%
-10.9%
Q3 25
142.0%
17.9%
Q2 25
19.4%
11.2%
Q1 25
45.5%
30.4%
Q4 24
28.0%
-15.5%
Q3 24
97.5%
4.9%
Capex Intensity
DLB
DLB
PRG
PRG
Q2 26
Q1 26
Q4 25
1.3%
0.5%
Q3 25
11.8%
0.6%
Q2 25
2.0%
0.3%
Q1 25
1.9%
0.3%
Q4 24
1.9%
0.4%
Q3 24
9.8%
0.3%
Cash Conversion
DLB
DLB
PRG
PRG
Q2 26
1.55×
Q1 26
1.03×
Q4 25
1.03×
-1.36×
Q3 25
9.57×
3.32×
Q2 25
1.47×
1.82×
Q1 25
1.91×
6.05×
Q4 24
1.57×
-1.47×
Q3 24
5.59×
0.38×

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%

PRG
PRG

Segment breakdown not available.

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