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Side-by-side financial comparison of Dolby Laboratories, Inc. (DLB) and Phoenix Education Partners, Inc. (PXED). Click either name above to swap in a different company.

Dolby Laboratories, Inc. is the larger business by last-quarter revenue ($395.6M vs $222.5M, roughly 1.8× Phoenix Education Partners, Inc.). Dolby Laboratories, Inc. runs the higher net margin — 24.0% vs 4.8%, a 19.1% gap on every dollar of revenue.

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.

The University of Phoenix (UoPX) is a private for-profit university headquartered in Phoenix, Arizona. Founded in 1976, the university confers certificates and degrees at the certificate, associate, bachelor's, master's, and doctoral degree levels. It is institutionally accredited by the Higher Learning Commission and has an open enrollment admissions policy for many undergraduate programs. The school is owned by Phoenix Education Partners.

DLB vs PXED — Head-to-Head

Bigger by revenue
DLB
DLB
1.8× larger
DLB
$395.6M
$222.5M
PXED
Higher net margin
DLB
DLB
19.1% more per $
DLB
24.0%
4.8%
PXED

Income Statement — Q3 FY2026 vs Q2 FY2026

Metric
DLB
DLB
PXED
PXED
Revenue
$395.6M
$222.5M
Net Profit
$94.9M
$10.8M
Gross Margin
88.7%
Operating Margin
28.5%
6.3%
Net Margin
24.0%
4.8%
Revenue YoY
7.1%
Net Profit YoY
3.4%
EPS (diluted)
$0.99
$0.28

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
PXED
PXED
Q2 26
$395.6M
Q1 26
$346.7M
$222.5M
Q4 25
$346.7M
$262.0M
Q3 25
$307.0M
Q2 25
$315.5M
Q1 25
$369.6M
Q4 24
$357.0M
Q3 24
$304.8M
Net Profit
DLB
DLB
PXED
PXED
Q2 26
$94.9M
Q1 26
$53.3M
$10.8M
Q4 25
$53.3M
$15.5M
Q3 25
$49.3M
Q2 25
$46.1M
Q1 25
$91.8M
Q4 24
$67.8M
Q3 24
$58.6M
Gross Margin
DLB
DLB
PXED
PXED
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
PXED
PXED
Q2 26
28.5%
Q1 26
17.9%
6.3%
Q4 25
17.9%
9.8%
Q3 25
9.7%
Q2 25
15.1%
Q1 25
29.2%
Q4 24
22.4%
Q3 24
15.2%
Net Margin
DLB
DLB
PXED
PXED
Q2 26
24.0%
Q1 26
15.4%
4.8%
Q4 25
15.4%
5.9%
Q3 25
16.1%
Q2 25
14.6%
Q1 25
24.8%
Q4 24
19.0%
Q3 24
19.2%
EPS (diluted)
DLB
DLB
PXED
PXED
Q2 26
$0.99
Q1 26
$0.55
$0.28
Q4 25
$0.55
$0.40
Q3 25
$0.50
Q2 25
$0.48
Q1 25
$0.94
Q4 24
$0.70
Q3 24
$0.59

Balance Sheet & Financial Strength

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

Metric
DLB
DLB
PXED
PXED
Cash + ST InvestmentsLiquidity on hand
$594.7M
$201.4M
Total DebtLower is stronger
$58.8M
Stockholders' EquityBook value
$2.6B
$291.1M
Total Assets
$3.2B
$546.4M
Debt / EquityLower = less leverage
0.20×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
DLB
DLB
PXED
PXED
Q2 26
$594.7M
Q1 26
$644.6M
$201.4M
Q4 25
$644.6M
$163.5M
Q3 25
$702.6M
Q2 25
$699.3M
Q1 25
$626.6M
Q4 24
$520.8M
Q3 24
$482.0M
Total Debt
DLB
DLB
PXED
PXED
Q2 26
Q1 26
$58.8M
Q4 25
$61.6M
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Stockholders' Equity
DLB
DLB
PXED
PXED
Q2 26
$2.6B
Q1 26
$2.6B
$291.1M
Q4 25
$2.6B
$280.4M
Q3 25
$2.6B
Q2 25
$2.6B
Q1 25
$2.6B
Q4 24
$2.5B
Q3 24
$2.5B
Total Assets
DLB
DLB
PXED
PXED
Q2 26
$3.2B
Q1 26
$3.2B
$546.4M
Q4 25
$3.2B
$549.6M
Q3 25
$3.2B
Q2 25
$3.2B
Q1 25
$3.2B
Q4 24
$3.2B
Q3 24
$3.1B
Debt / Equity
DLB
DLB
PXED
PXED
Q2 26
Q1 26
0.20×
Q4 25
0.22×
Q3 25
Q2 25
Q1 25
Q4 24
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
PXED
PXED
Operating Cash FlowLast quarter
$147.3M
$48.9M
Free Cash FlowOCF − Capex
$43.5M
FCF MarginFCF / Revenue
19.6%
Capex IntensityCapex / Revenue
2.4%
Cash ConversionOCF / Net Profit
1.55×
4.53×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
DLB
DLB
PXED
PXED
Q2 26
$147.3M
Q1 26
$54.8M
$48.9M
Q4 25
$54.8M
$31.1M
Q3 25
$472.2M
Q2 25
$67.7M
Q1 25
$174.9M
Q4 24
$106.8M
Q3 24
$327.3M
Free Cash Flow
DLB
DLB
PXED
PXED
Q2 26
Q1 26
$43.5M
Q4 25
$50.2M
$26.4M
Q3 25
$435.9M
Q2 25
$61.3M
Q1 25
$168.0M
Q4 24
$100.0M
Q3 24
$297.2M
FCF Margin
DLB
DLB
PXED
PXED
Q2 26
Q1 26
19.6%
Q4 25
14.5%
10.1%
Q3 25
142.0%
Q2 25
19.4%
Q1 25
45.5%
Q4 24
28.0%
Q3 24
97.5%
Capex Intensity
DLB
DLB
PXED
PXED
Q2 26
Q1 26
2.4%
Q4 25
1.3%
1.8%
Q3 25
11.8%
Q2 25
2.0%
Q1 25
1.9%
Q4 24
1.9%
Q3 24
9.8%
Cash Conversion
DLB
DLB
PXED
PXED
Q2 26
1.55×
Q1 26
1.03×
4.53×
Q4 25
1.03×
2.01×
Q3 25
9.57×
Q2 25
1.47×
Q1 25
1.91×
Q4 24
1.57×
Q3 24
5.59×

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%

PXED
PXED

Segment breakdown not available.

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