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Side-by-side financial comparison of Dolby Laboratories, Inc. (DLB) and Wheels Up Experience Inc. (UP). Click either name above to swap in a different company.
Dolby Laboratories, Inc. is the larger business by last-quarter revenue ($346.7M vs $183.8M, roughly 1.9× Wheels Up Experience Inc.). Dolby Laboratories, Inc. runs the higher net margin — 15.4% vs -15.7%, a 31.1% gap on every dollar of revenue. On growth, Dolby Laboratories, Inc. posted the faster year-over-year revenue change (-2.9% vs -10.2%). Over the past eight quarters, Dolby Laboratories, Inc.'s revenue compounded faster (9.6% CAGR vs -3.4%).
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.
Wheels Up is a provider of "on demand" private aviation in the United States and one of the largest private aviation companies in the world. It was founded in 2013 by Kenny Dichter, using a membership/on-demand business model. Wheels Up members can book private aircraft from the company fleet and third-party operators using a mobile application.
DLB vs UP — Head-to-Head
Income Statement — Q2 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $346.7M | $183.8M |
| Net Profit | $53.3M | $-28.9M |
| Gross Margin | 87.5% | 14.3% |
| Operating Margin | 17.9% | -0.9% |
| Net Margin | 15.4% | -15.7% |
| Revenue YoY | -2.9% | -10.2% |
| Net Profit YoY | -21.4% | 67.0% |
| EPS (diluted) | $0.55 | $-0.04 |
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.
| Q1 26 | $346.7M | — | ||
| Q4 25 | $346.7M | $183.8M | ||
| Q3 25 | $307.0M | $185.5M | ||
| Q2 25 | $315.5M | $189.6M | ||
| Q1 25 | $369.6M | $177.5M | ||
| Q4 24 | $357.0M | $204.8M | ||
| Q3 24 | $304.8M | $193.9M | ||
| Q2 24 | $288.8M | $196.3M |
| Q1 26 | $53.3M | — | ||
| Q4 25 | $53.3M | $-28.9M | ||
| Q3 25 | $49.3M | $-83.7M | ||
| Q2 25 | $46.1M | $-82.3M | ||
| Q1 25 | $91.8M | $-99.3M | ||
| Q4 24 | $67.8M | $-87.5M | ||
| Q3 24 | $58.6M | $-57.7M | ||
| Q2 24 | $38.4M | $-97.0M |
| Q1 26 | 87.5% | — | ||
| Q4 25 | 87.5% | 14.3% | ||
| Q3 25 | 87.1% | 6.8% | ||
| Q2 25 | 86.1% | 8.3% | ||
| Q1 25 | 90.3% | 10.8% | ||
| Q4 24 | 88.6% | 13.9% | ||
| Q3 24 | 88.8% | 13.9% | ||
| Q2 24 | 87.7% | 2.3% |
| Q1 26 | 17.9% | — | ||
| Q4 25 | 17.9% | -0.9% | ||
| Q3 25 | 9.7% | -33.1% | ||
| Q2 25 | 15.1% | -31.4% | ||
| Q1 25 | 29.2% | -45.5% | ||
| Q4 24 | 22.4% | -26.0% | ||
| Q3 24 | 15.2% | -21.6% | ||
| Q2 24 | 12.7% | -40.3% |
| Q1 26 | 15.4% | — | ||
| Q4 25 | 15.4% | -15.7% | ||
| Q3 25 | 16.1% | -45.1% | ||
| Q2 25 | 14.6% | -43.4% | ||
| Q1 25 | 24.8% | -55.9% | ||
| Q4 24 | 19.0% | -42.7% | ||
| Q3 24 | 19.2% | -29.8% | ||
| Q2 24 | 13.3% | -49.4% |
| Q1 26 | $0.55 | — | ||
| Q4 25 | $0.55 | $-0.04 | ||
| Q3 25 | $0.50 | $-0.12 | ||
| Q2 25 | $0.48 | $-0.12 | ||
| Q1 25 | $0.94 | $-0.14 | ||
| Q4 24 | $0.70 | $-0.13 | ||
| Q3 24 | $0.59 | $-0.08 | ||
| Q2 24 | $0.40 | $-0.14 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $644.6M | $133.9M |
| Total DebtLower is stronger | — | $671.3M |
| Stockholders' EquityBook value | $2.6B | $-392.1M |
| Total Assets | $3.2B | $968.8M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $644.6M | — | ||
| Q4 25 | $644.6M | $133.9M | ||
| Q3 25 | $702.6M | $125.3M | ||
| Q2 25 | $699.3M | $107.0M | ||
| Q1 25 | $626.6M | $171.8M | ||
| Q4 24 | $520.8M | $216.4M | ||
| Q3 24 | $482.0M | $115.9M | ||
| Q2 24 | $869.0M | $141.5M |
| Q1 26 | — | — | ||
| Q4 25 | — | $671.3M | ||
| Q3 25 | — | $766.5M | ||
| Q2 25 | — | $770.5M | ||
| Q1 25 | — | $765.8M | ||
| Q4 24 | — | $761.3M | ||
| Q3 24 | — | $596.9M | ||
| Q2 24 | — | $597.4M |
| Q1 26 | $2.6B | — | ||
| Q4 25 | $2.6B | $-392.1M | ||
| Q3 25 | $2.6B | $-374.5M | ||
| Q2 25 | $2.6B | $-347.8M | ||
| Q1 25 | $2.6B | $-288.1M | ||
| Q4 24 | $2.5B | $-202.1M | ||
| Q3 24 | $2.5B | $-117.7M | ||
| Q2 24 | $2.4B | $-72.2M |
| Q1 26 | $3.2B | — | ||
| Q4 25 | $3.2B | $968.8M | ||
| Q3 25 | $3.2B | $973.0M | ||
| Q2 25 | $3.2B | $1.0B | ||
| Q1 25 | $3.2B | $1.1B | ||
| Q4 24 | $3.2B | $1.2B | ||
| Q3 24 | $3.1B | $1.0B | ||
| Q2 24 | $3.0B | $1.1B |
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 | $54.8M | $-18.4M |
| Free Cash FlowOCF − Capex | — | $-58.3M |
| FCF MarginFCF / Revenue | — | -31.7% |
| Capex IntensityCapex / Revenue | — | 21.7% |
| Cash ConversionOCF / Net Profit | 1.03× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $-259.9M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $54.8M | — | ||
| Q4 25 | $54.8M | $-18.4M | ||
| Q3 25 | $472.2M | $-37.1M | ||
| Q2 25 | $67.7M | $-62.9M | ||
| Q1 25 | $174.9M | $-47.9M | ||
| Q4 24 | $106.8M | $37.9M | ||
| Q3 24 | $327.3M | $-16.9M | ||
| Q2 24 | $21.3M | $-25.2M |
| Q1 26 | — | — | ||
| Q4 25 | $50.2M | $-58.3M | ||
| Q3 25 | $435.9M | $-60.4M | ||
| Q2 25 | $61.3M | $-78.6M | ||
| Q1 25 | $168.0M | $-62.6M | ||
| Q4 24 | $100.0M | $-70.2M | ||
| Q3 24 | $297.2M | $-21.9M | ||
| Q2 24 | $13.7M | $-30.8M |
| Q1 26 | — | — | ||
| Q4 25 | 14.5% | -31.7% | ||
| Q3 25 | 142.0% | -32.6% | ||
| Q2 25 | 19.4% | -41.5% | ||
| Q1 25 | 45.5% | -35.3% | ||
| Q4 24 | 28.0% | -34.3% | ||
| Q3 24 | 97.5% | -11.3% | ||
| Q2 24 | 4.7% | -15.7% |
| Q1 26 | — | — | ||
| Q4 25 | 1.3% | 21.7% | ||
| Q3 25 | 11.8% | 12.5% | ||
| Q2 25 | 2.0% | 8.3% | ||
| Q1 25 | 1.9% | 8.3% | ||
| Q4 24 | 1.9% | 52.8% | ||
| Q3 24 | 9.8% | 2.6% | ||
| Q2 24 | 2.6% | 2.9% |
| Q1 26 | 1.03× | — | ||
| 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× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
DLB
| Licensing | $319.8M | 92% |
| Products and services | $26.9M | 8% |
UP
Segment breakdown not available.
