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Side-by-side financial comparison of Dolby Laboratories, Inc. (DLB) and Trip.com Group Ltd (TCOM). Click either name above to swap in a different company.

Dolby Laboratories, Inc. is the larger business by last-quarter revenue ($346.7M vs $304.6M, roughly 1.1× Trip.com Group Ltd). Trip.com Group Ltd runs the higher net margin — 27.8% vs 15.4%, a 12.4% 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.

Trip.com Group Limited is a multinational travel agency headquartered in Shanghai, China. It is the largest online travel service provider in the world.

DLB vs TCOM — Head-to-Head

Bigger by revenue
DLB
DLB
1.1× larger
DLB
$346.7M
$304.6M
TCOM
Higher net margin
TCOM
TCOM
12.4% more per $
TCOM
27.8%
15.4%
DLB

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
DLB
DLB
TCOM
TCOM
Revenue
$346.7M
$304.6M
Net Profit
$53.3M
$84.6M
Gross Margin
87.5%
78.8%
Operating Margin
17.9%
16.5%
Net Margin
15.4%
27.8%
Revenue YoY
-2.9%
Net Profit YoY
-21.4%
EPS (diluted)
$0.55
$0.12

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
TCOM
TCOM
Q4 25
$346.7M
$304.6M
Q3 25
$307.0M
Q2 25
$315.5M
Q1 25
$369.6M
Q4 24
$357.0M
Q3 24
$304.8M
Q2 24
$288.8M
$242.7M
Q1 24
$364.5M
Net Profit
DLB
DLB
TCOM
TCOM
Q4 25
$53.3M
$84.6M
Q3 25
$49.3M
Q2 25
$46.1M
Q1 25
$91.8M
Q4 24
$67.8M
Q3 24
$58.6M
Q2 24
$38.4M
$73.8M
Q1 24
$97.8M
Gross Margin
DLB
DLB
TCOM
TCOM
Q4 25
87.5%
78.8%
Q3 25
87.1%
Q2 25
86.1%
Q1 25
90.3%
Q4 24
88.6%
Q3 24
88.8%
Q2 24
87.7%
81.8%
Q1 24
89.4%
Operating Margin
DLB
DLB
TCOM
TCOM
Q4 25
17.9%
16.5%
Q3 25
9.7%
Q2 25
15.1%
Q1 25
29.2%
Q4 24
22.4%
Q3 24
15.2%
Q2 24
12.7%
27.8%
Q1 24
29.9%
Net Margin
DLB
DLB
TCOM
TCOM
Q4 25
15.4%
27.8%
Q3 25
16.1%
Q2 25
14.6%
Q1 25
24.8%
Q4 24
19.0%
Q3 24
19.2%
Q2 24
13.3%
30.4%
Q1 24
26.8%
EPS (diluted)
DLB
DLB
TCOM
TCOM
Q4 25
$0.55
$0.12
Q3 25
$0.50
Q2 25
$0.48
Q1 25
$0.94
Q4 24
$0.70
Q3 24
$0.59
Q2 24
$0.40
$0.11
Q1 24
$1.01

Balance Sheet & Financial Strength

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

Metric
DLB
DLB
TCOM
TCOM
Cash + ST InvestmentsLiquidity on hand
$644.6M
$10.8B
Total DebtLower is stronger
$4.2B
Stockholders' EquityBook value
$2.6B
$23.8B
Total Assets
$3.2B
$36.9B
Debt / EquityLower = less leverage
0.18×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
DLB
DLB
TCOM
TCOM
Q4 25
$644.6M
$10.8B
Q3 25
$702.6M
Q2 25
$699.3M
Q1 25
$626.6M
Q4 24
$520.8M
Q3 24
$482.0M
Q2 24
$869.0M
$12.4B
Q1 24
$825.4M
Total Debt
DLB
DLB
TCOM
TCOM
Q4 25
$4.2B
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
$8.2B
Q1 24
Stockholders' Equity
DLB
DLB
TCOM
TCOM
Q4 25
$2.6B
$23.8B
Q3 25
$2.6B
Q2 25
$2.6B
Q1 25
$2.6B
Q4 24
$2.5B
Q3 24
$2.5B
Q2 24
$2.4B
$18.1B
Q1 24
$2.4B
Total Assets
DLB
DLB
TCOM
TCOM
Q4 25
$3.2B
$36.9B
Q3 25
$3.2B
Q2 25
$3.2B
Q1 25
$3.2B
Q4 24
$3.2B
Q3 24
$3.1B
Q2 24
$3.0B
$34.2B
Q1 24
$3.0B
Debt / Equity
DLB
DLB
TCOM
TCOM
Q4 25
0.18×
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
0.45×
Q1 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
TCOM
TCOM
Operating Cash FlowLast quarter
$54.8M
Free Cash FlowOCF − Capex
$50.2M
FCF MarginFCF / Revenue
14.5%
Capex IntensityCapex / Revenue
1.3%
Cash ConversionOCF / Net Profit
1.03×
TTM Free Cash FlowTrailing 4 quarters
$715.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
DLB
DLB
TCOM
TCOM
Q4 25
$54.8M
Q3 25
$472.2M
Q2 25
$67.7M
Q1 25
$174.9M
Q4 24
$106.8M
Q3 24
$327.3M
Q2 24
$21.3M
Q1 24
$181.4M
Free Cash Flow
DLB
DLB
TCOM
TCOM
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 24
$13.7M
Q1 24
$172.5M
FCF Margin
DLB
DLB
TCOM
TCOM
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 24
4.7%
Q1 24
47.3%
Capex Intensity
DLB
DLB
TCOM
TCOM
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 24
2.6%
Q1 24
2.4%
Cash Conversion
DLB
DLB
TCOM
TCOM
Q4 25
1.03×
Q3 25
9.57×
Q2 25
1.47×
Q1 25
1.91×
Q4 24
1.57×
Q3 24
5.59×
Q2 24
0.55×
Q1 24
1.85×

Financial Flow Comparison

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

Revenue Breakdown by Segment

DLB
DLB

Licensing Brodcast Revenue$100.3M29%
Licensing Mobile Revenue$74.9M22%
Licensing Other Revenue$70.2M20%
Licensing CE Revenue$45.6M13%
Licensing PC Revenue$28.7M8%
Products And Services$26.9M8%

TCOM
TCOM

Others$273.0M90%
Other$31.6M10%

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