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Side-by-side financial comparison of Dolby Laboratories, Inc. (DLB) and USANA HEALTH SCIENCES INC (USNA). Click either name above to swap in a different company.

Dolby Laboratories, Inc. is the larger business by last-quarter revenue ($395.6M vs $250.2M, roughly 1.6× USANA HEALTH SCIENCES INC). Dolby Laboratories, Inc. runs the higher net margin — 24.0% vs 3.0%, a 21.0% gap on every dollar of revenue. On growth, Dolby Laboratories, Inc. posted the faster year-over-year revenue change (7.1% vs -3.0%). Over the past eight quarters, Dolby Laboratories, Inc.'s revenue compounded faster (13.9% CAGR vs 11.8%).

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.

Usana Health Sciences, Inc., or USANA, is an American multi-level marketing company based in Salt Lake City, Utah. As of 2021, Usana was the 14th largest direct-selling company in the world by revenue. The company manufactures most of its nutritional products, dietary supplements, and skincare products at a Salt Lake City facility. Its products are sold in 24 countries via a network of independent distributors.

DLB vs USNA — Head-to-Head

Bigger by revenue
DLB
DLB
1.6× larger
DLB
$395.6M
$250.2M
USNA
Growing faster (revenue YoY)
DLB
DLB
+10.1% gap
DLB
7.1%
-3.0%
USNA
Higher net margin
DLB
DLB
21.0% more per $
DLB
24.0%
3.0%
USNA
Faster 2-yr revenue CAGR
DLB
DLB
Annualised
DLB
13.9%
11.8%
USNA

Income Statement — Q3 FY2026 vs Q1 FY2027

Metric
DLB
DLB
USNA
USNA
Revenue
$395.6M
$250.2M
Net Profit
$94.9M
$7.5M
Gross Margin
88.7%
76.2%
Operating Margin
28.5%
5.5%
Net Margin
24.0%
3.0%
Revenue YoY
7.1%
-3.0%
Net Profit YoY
3.4%
-20.0%
EPS (diluted)
$0.99
$0.41

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
USNA
USNA
Q2 26
$395.6M
Q1 26
$346.7M
$250.2M
Q4 25
$346.7M
$226.2M
Q3 25
$307.0M
$213.7M
Q2 25
$315.5M
$235.8M
Q1 25
$369.6M
$249.5M
Q4 24
$357.0M
$213.6M
Q3 24
$304.8M
$200.2M
Net Profit
DLB
DLB
USNA
USNA
Q2 26
$94.9M
Q1 26
$53.3M
$7.5M
Q4 25
$53.3M
$180.0K
Q3 25
$49.3M
$-6.5M
Q2 25
$46.1M
$9.7M
Q1 25
$91.8M
$9.4M
Q4 24
$67.8M
$4.5M
Q3 24
$58.6M
$10.6M
Gross Margin
DLB
DLB
USNA
USNA
Q2 26
88.7%
Q1 26
87.5%
76.2%
Q4 25
87.5%
78.2%
Q3 25
87.1%
77.2%
Q2 25
86.1%
78.7%
Q1 25
90.3%
79.0%
Q4 24
88.6%
82.0%
Q3 24
88.8%
80.4%
Operating Margin
DLB
DLB
USNA
USNA
Q2 26
28.5%
Q1 26
17.9%
5.5%
Q4 25
17.9%
1.7%
Q3 25
9.7%
0.6%
Q2 25
15.1%
7.1%
Q1 25
29.2%
6.3%
Q4 24
22.4%
3.8%
Q3 24
15.2%
7.8%
Net Margin
DLB
DLB
USNA
USNA
Q2 26
24.0%
Q1 26
15.4%
3.0%
Q4 25
15.4%
0.1%
Q3 25
16.1%
-3.1%
Q2 25
14.6%
4.1%
Q1 25
24.8%
3.8%
Q4 24
19.0%
2.1%
Q3 24
19.2%
5.3%
EPS (diluted)
DLB
DLB
USNA
USNA
Q2 26
$0.99
Q1 26
$0.55
$0.41
Q4 25
$0.55
$-0.10
Q3 25
$0.50
$-0.36
Q2 25
$0.48
$0.52
Q1 25
$0.94
$0.49
Q4 24
$0.70
$0.23
Q3 24
$0.59
$0.56

Balance Sheet & Financial Strength

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

Metric
DLB
DLB
USNA
USNA
Cash + ST InvestmentsLiquidity on hand
$594.7M
$162.8M
Total DebtLower is stronger
Stockholders' EquityBook value
$2.6B
Total Assets
$3.2B
$739.0M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
DLB
DLB
USNA
USNA
Q2 26
$594.7M
Q1 26
$644.6M
$162.8M
Q4 25
$644.6M
$158.4M
Q3 25
$702.6M
$145.3M
Q2 25
$699.3M
$151.3M
Q1 25
$626.6M
$179.6M
Q4 24
$520.8M
$181.8M
Q3 24
$482.0M
$364.9M
Stockholders' Equity
DLB
DLB
USNA
USNA
Q2 26
$2.6B
Q1 26
$2.6B
Q4 25
$2.6B
Q3 25
$2.6B
$528.1M
Q2 25
$2.6B
$531.1M
Q1 25
$2.6B
$529.8M
Q4 24
$2.5B
$532.1M
Q3 24
$2.5B
$533.1M
Total Assets
DLB
DLB
USNA
USNA
Q2 26
$3.2B
Q1 26
$3.2B
$739.0M
Q4 25
$3.2B
$742.9M
Q3 25
$3.2B
$726.6M
Q2 25
$3.2B
$734.5M
Q1 25
$3.2B
$746.6M
Q4 24
$3.2B
$748.2M
Q3 24
$3.1B
$671.3M

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
USNA
USNA
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
USNA
USNA
Q2 26
$147.3M
Q1 26
$54.8M
Q4 25
$54.8M
Q3 25
$472.2M
$-2.0M
Q2 25
$67.7M
$12.2M
Q1 25
$174.9M
$15.5M
Q4 24
$106.8M
$5.8M
Q3 24
$327.3M
$29.5M
Free Cash Flow
DLB
DLB
USNA
USNA
Q2 26
Q1 26
Q4 25
$50.2M
Q3 25
$435.9M
$-5.2M
Q2 25
$61.3M
$7.2M
Q1 25
$168.0M
$12.7M
Q4 24
$100.0M
$4.0M
Q3 24
$297.2M
$27.1M
FCF Margin
DLB
DLB
USNA
USNA
Q2 26
Q1 26
Q4 25
14.5%
Q3 25
142.0%
-2.4%
Q2 25
19.4%
3.0%
Q1 25
45.5%
5.1%
Q4 24
28.0%
1.9%
Q3 24
97.5%
13.6%
Capex Intensity
DLB
DLB
USNA
USNA
Q2 26
Q1 26
Q4 25
1.3%
Q3 25
11.8%
1.5%
Q2 25
2.0%
2.1%
Q1 25
1.9%
1.1%
Q4 24
1.9%
0.8%
Q3 24
9.8%
1.2%
Cash Conversion
DLB
DLB
USNA
USNA
Q2 26
1.55×
Q1 26
1.03×
Q4 25
1.03×
Q3 25
9.57×
Q2 25
1.47×
1.27×
Q1 25
1.91×
1.65×
Q4 24
1.57×
1.29×
Q3 24
5.59×
2.78×

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%

USNA
USNA

Segment breakdown not available.

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