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Side-by-side financial comparison of Dolby Laboratories, Inc. (DLB) and SM Energy Co (SM). Click either name above to swap in a different company.
SM Energy Co is the larger business by last-quarter revenue ($704.9M vs $395.6M, roughly 1.8× Dolby Laboratories, Inc.). On growth, Dolby Laboratories, Inc. posted the faster year-over-year revenue change (7.1% vs -17.3%). Over the past eight quarters, Dolby Laboratories, Inc.'s revenue compounded faster (13.9% CAGR vs 12.2%).
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.
SM Energy Company is a company engaged in hydrocarbon exploration. It is organized in Delaware and headquartered in Denver, Colorado.
DLB vs SM — Head-to-Head
Income Statement — Q3 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $395.6M | $704.9M |
| Net Profit | $94.9M | — |
| Gross Margin | 88.7% | — |
| Operating Margin | 28.5% | 25.9% |
| Net Margin | 24.0% | — |
| Revenue YoY | 7.1% | -17.3% |
| Net Profit YoY | 3.4% | — |
| EPS (diluted) | $0.99 | $0.94 |
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 | $704.9M | ||
| Q3 25 | $307.0M | $811.6M | ||
| Q2 25 | $315.5M | $792.9M | ||
| Q1 25 | $369.6M | $844.5M | ||
| Q4 24 | $357.0M | $852.0M | ||
| Q3 24 | $304.8M | $643.6M |
| Q2 26 | $94.9M | — | ||
| Q1 26 | $53.3M | — | ||
| Q4 25 | $53.3M | — | ||
| Q3 25 | $49.3M | $155.1M | ||
| Q2 25 | $46.1M | $201.7M | ||
| Q1 25 | $91.8M | $182.3M | ||
| Q4 24 | $67.8M | — | ||
| Q3 24 | $58.6M | $240.5M |
| 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% | — |
| Q2 26 | 28.5% | — | ||
| Q1 26 | 17.9% | — | ||
| Q4 25 | 17.9% | 25.9% | ||
| Q3 25 | 9.7% | 30.4% | ||
| Q2 25 | 15.1% | 37.2% | ||
| Q1 25 | 29.2% | 32.7% | ||
| Q4 24 | 22.4% | 33.7% | ||
| Q3 24 | 15.2% | 51.4% |
| Q2 26 | 24.0% | — | ||
| Q1 26 | 15.4% | — | ||
| Q4 25 | 15.4% | — | ||
| Q3 25 | 16.1% | 19.1% | ||
| Q2 25 | 14.6% | 25.4% | ||
| Q1 25 | 24.8% | 21.6% | ||
| Q4 24 | 19.0% | — | ||
| Q3 24 | 19.2% | 37.4% |
| Q2 26 | $0.99 | — | ||
| Q1 26 | $0.55 | — | ||
| Q4 25 | $0.55 | $0.94 | ||
| Q3 25 | $0.50 | $1.35 | ||
| Q2 25 | $0.48 | $1.76 | ||
| Q1 25 | $0.94 | $1.59 | ||
| Q4 24 | $0.70 | $1.63 | ||
| Q3 24 | $0.59 | $2.09 |
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 | $368.0M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $2.6B | $4.8B |
| Total Assets | $3.2B | $9.3B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q2 26 | $594.7M | — | ||
| Q1 26 | $644.6M | — | ||
| Q4 25 | $644.6M | $368.0M | ||
| Q3 25 | $702.6M | $162.3M | ||
| Q2 25 | $699.3M | $101.9M | ||
| Q1 25 | $626.6M | $54.0K | ||
| Q4 24 | $520.8M | — | ||
| Q3 24 | $482.0M | $1.7B |
| Q2 26 | $2.6B | — | ||
| Q1 26 | $2.6B | — | ||
| Q4 25 | $2.6B | $4.8B | ||
| Q3 25 | $2.6B | $4.7B | ||
| Q2 25 | $2.6B | $4.6B | ||
| Q1 25 | $2.6B | $4.4B | ||
| Q4 24 | $2.5B | $4.2B | ||
| Q3 24 | $2.5B | $4.1B |
| Q2 26 | $3.2B | — | ||
| Q1 26 | $3.2B | — | ||
| Q4 25 | $3.2B | $9.3B | ||
| Q3 25 | $3.2B | $9.1B | ||
| Q2 25 | $3.2B | $9.0B | ||
| Q1 25 | $3.2B | $8.8B | ||
| Q4 24 | $3.2B | $8.6B | ||
| Q3 24 | $3.1B | $8.0B |
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 | $451.9M |
| 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.
| Q2 26 | $147.3M | — | ||
| Q1 26 | $54.8M | — | ||
| Q4 25 | $54.8M | $451.9M | ||
| Q3 25 | $472.2M | $505.0M | ||
| Q2 25 | $67.7M | $571.1M | ||
| Q1 25 | $174.9M | $483.0M | ||
| Q4 24 | $106.8M | $578.4M | ||
| Q3 24 | $327.3M | $452.3M |
| Q2 26 | — | — | ||
| Q1 26 | — | — | ||
| Q4 25 | $50.2M | — | ||
| Q3 25 | $435.9M | — | ||
| Q2 25 | $61.3M | — | ||
| Q1 25 | $168.0M | — | ||
| Q4 24 | $100.0M | — | ||
| Q3 24 | $297.2M | — |
| Q2 26 | — | — | ||
| Q1 26 | — | — | ||
| Q4 25 | 14.5% | — | ||
| Q3 25 | 142.0% | — | ||
| Q2 25 | 19.4% | — | ||
| Q1 25 | 45.5% | — | ||
| Q4 24 | 28.0% | — | ||
| Q3 24 | 97.5% | — |
| Q2 26 | — | — | ||
| Q1 26 | — | — | ||
| Q4 25 | 1.3% | — | ||
| Q3 25 | 11.8% | — | ||
| Q2 25 | 2.0% | — | ||
| Q1 25 | 1.9% | — | ||
| Q4 24 | 1.9% | — | ||
| Q3 24 | 9.8% | — |
| Q2 26 | 1.55× | — | ||
| Q1 26 | 1.03× | — | ||
| Q4 25 | 1.03× | — | ||
| Q3 25 | 9.57× | 3.26× | ||
| Q2 25 | 1.47× | 2.83× | ||
| Q1 25 | 1.91× | 2.65× | ||
| Q4 24 | 1.57× | — | ||
| Q3 24 | 5.59× | 1.88× |
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% |
SM
Segment breakdown not available.
