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Side-by-side financial comparison of Dolby Laboratories, Inc. (DLB) and Zeta Global Holdings Corp. (ZETA). Click either name above to swap in a different company.
Zeta Global Holdings Corp. is the larger business by last-quarter revenue ($394.6M vs $346.7M, roughly 1.1× Dolby Laboratories, Inc.). Dolby Laboratories, Inc. runs the higher net margin — 15.4% vs 1.7%, a 13.7% gap on every dollar of revenue. On growth, Zeta Global Holdings Corp. posted the faster year-over-year revenue change (25.4% vs -2.9%). Over the past eight quarters, Zeta Global Holdings Corp.'s revenue compounded faster (42.3% CAGR vs 9.6%).
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.
Zeta Global Holdings Corp. is an American marketing technology company which was founded in 2007. Zeta offers companies a suite of multichannel marketing tools focused on creating, maintaining, and monetizing customer relationships. The company went public on the New York Stock Exchange on June 10, 2021, at a US$1.7 billion valuation.
DLB vs ZETA — Head-to-Head
Income Statement — Q2 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $346.7M | $394.6M |
| Net Profit | $53.3M | $6.5M |
| Gross Margin | 87.5% | 59.5% |
| Operating Margin | 17.9% | 4.5% |
| Net Margin | 15.4% | 1.7% |
| Revenue YoY | -2.9% | 25.4% |
| Net Profit YoY | -21.4% | -57.1% |
| 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 | $394.6M | ||
| Q3 25 | $307.0M | $337.2M | ||
| Q2 25 | $315.5M | $308.4M | ||
| Q1 25 | $369.6M | $264.4M | ||
| Q4 24 | $357.0M | $314.7M | ||
| Q3 24 | $304.8M | $268.3M | ||
| Q2 24 | $288.8M | $227.8M |
| Q1 26 | $53.3M | — | ||
| Q4 25 | $53.3M | $6.5M | ||
| Q3 25 | $49.3M | $-3.6M | ||
| Q2 25 | $46.1M | $-12.8M | ||
| Q1 25 | $91.8M | $-21.6M | ||
| Q4 24 | $67.8M | $15.2M | ||
| Q3 24 | $58.6M | $-17.4M | ||
| Q2 24 | $38.4M | $-28.1M |
| Q1 26 | 87.5% | — | ||
| Q4 25 | 87.5% | 59.5% | ||
| Q3 25 | 87.1% | 60.5% | ||
| Q2 25 | 86.1% | 62.1% | ||
| Q1 25 | 90.3% | 60.9% | ||
| Q4 24 | 88.6% | 60.0% | ||
| Q3 24 | 88.8% | 60.6% | ||
| Q2 24 | 87.7% | 60.0% |
| Q1 26 | 17.9% | — | ||
| Q4 25 | 17.9% | 4.5% | ||
| Q3 25 | 9.7% | 2.6% | ||
| Q2 25 | 15.1% | -1.7% | ||
| Q1 25 | 29.2% | -6.1% | ||
| Q4 24 | 22.4% | 2.2% | ||
| Q3 24 | 15.2% | -4.6% | ||
| Q2 24 | 12.7% | -11.7% |
| Q1 26 | 15.4% | — | ||
| Q4 25 | 15.4% | 1.7% | ||
| Q3 25 | 16.1% | -1.1% | ||
| Q2 25 | 14.6% | -4.2% | ||
| Q1 25 | 24.8% | -8.2% | ||
| Q4 24 | 19.0% | 4.8% | ||
| Q3 24 | 19.2% | -6.5% | ||
| Q2 24 | 13.3% | -12.3% |
| Q1 26 | $0.55 | — | ||
| Q4 25 | $0.55 | $0.04 | ||
| Q3 25 | $0.50 | $-0.02 | ||
| Q2 25 | $0.48 | $-0.06 | ||
| Q1 25 | $0.94 | $-0.10 | ||
| Q4 24 | $0.70 | $0.10 | ||
| Q3 24 | $0.59 | $-0.09 | ||
| Q2 24 | $0.40 | $-0.16 |
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 | $319.8M |
| Total DebtLower is stronger | — | $197.1M |
| Stockholders' EquityBook value | $2.6B | $804.6M |
| Total Assets | $3.2B | $1.5B |
| Debt / EquityLower = less leverage | — | 0.24× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $644.6M | — | ||
| Q4 25 | $644.6M | $319.8M | ||
| Q3 25 | $702.6M | $385.2M | ||
| Q2 25 | $699.3M | $365.3M | ||
| Q1 25 | $626.6M | $364.4M | ||
| Q4 24 | $520.8M | $366.2M | ||
| Q3 24 | $482.0M | $418.5M | ||
| Q2 24 | $869.0M | $154.7M |
| Q1 26 | — | — | ||
| Q4 25 | — | $197.1M | ||
| Q3 25 | — | $196.9M | ||
| Q2 25 | — | $196.7M | ||
| Q1 25 | — | $196.5M | ||
| Q4 24 | — | $196.3M | ||
| Q3 24 | — | $196.1M | ||
| Q2 24 | — | $184.4M |
| Q1 26 | $2.6B | — | ||
| Q4 25 | $2.6B | $804.6M | ||
| Q3 25 | $2.6B | $689.2M | ||
| Q2 25 | $2.6B | $673.3M | ||
| Q1 25 | $2.6B | $676.6M | ||
| Q4 24 | $2.5B | $676.8M | ||
| Q3 24 | $2.5B | $474.9M | ||
| Q2 24 | $2.4B | $217.0M |
| Q1 26 | $3.2B | — | ||
| Q4 25 | $3.2B | $1.5B | ||
| Q3 25 | $3.2B | $1.2B | ||
| Q2 25 | $3.2B | $1.1B | ||
| Q1 25 | $3.2B | $1.1B | ||
| Q4 24 | $3.2B | $1.1B | ||
| Q3 24 | $3.1B | $869.1M | ||
| Q2 24 | $3.0B | $583.9M |
| Q1 26 | — | — | ||
| Q4 25 | — | 0.24× | ||
| Q3 25 | — | 0.29× | ||
| Q2 25 | — | 0.29× | ||
| Q1 25 | — | 0.29× | ||
| Q4 24 | — | 0.29× | ||
| Q3 24 | — | 0.41× | ||
| Q2 24 | — | 0.85× |
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 | $64.1M |
| Free Cash FlowOCF − Capex | — | $60.9M |
| FCF MarginFCF / Revenue | — | 15.4% |
| Capex IntensityCapex / Revenue | — | 0.8% |
| Cash ConversionOCF / Net Profit | 1.03× | 9.81× |
| TTM Free Cash FlowTrailing 4 quarters | — | $185.1M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $54.8M | — | ||
| Q4 25 | $54.8M | $64.1M | ||
| Q3 25 | $472.2M | $57.9M | ||
| Q2 25 | $67.7M | $42.0M | ||
| Q1 25 | $174.9M | $34.8M | ||
| Q4 24 | $106.8M | $43.7M | ||
| Q3 24 | $327.3M | $34.4M | ||
| Q2 24 | $21.3M | $31.1M |
| Q1 26 | — | — | ||
| Q4 25 | $50.2M | $60.9M | ||
| Q3 25 | $435.9M | $52.4M | ||
| Q2 25 | $61.3M | $39.7M | ||
| Q1 25 | $168.0M | $32.1M | ||
| Q4 24 | $100.0M | $35.4M | ||
| Q3 24 | $297.2M | $29.5M | ||
| Q2 24 | $13.7M | $24.4M |
| Q1 26 | — | — | ||
| Q4 25 | 14.5% | 15.4% | ||
| Q3 25 | 142.0% | 15.6% | ||
| Q2 25 | 19.4% | 12.9% | ||
| Q1 25 | 45.5% | 12.1% | ||
| Q4 24 | 28.0% | 11.3% | ||
| Q3 24 | 97.5% | 11.0% | ||
| Q2 24 | 4.7% | 10.7% |
| Q1 26 | — | — | ||
| Q4 25 | 1.3% | 0.8% | ||
| Q3 25 | 11.8% | 1.6% | ||
| Q2 25 | 2.0% | 0.8% | ||
| Q1 25 | 1.9% | 1.0% | ||
| Q4 24 | 1.9% | 2.6% | ||
| Q3 24 | 9.8% | 1.8% | ||
| Q2 24 | 2.6% | 3.0% |
| Q1 26 | 1.03× | — | ||
| Q4 25 | 1.03× | 9.81× | ||
| Q3 25 | 9.57× | — | ||
| Q2 25 | 1.47× | — | ||
| Q1 25 | 1.91× | — | ||
| Q4 24 | 1.57× | 2.87× | ||
| 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% |
ZETA
Segment breakdown not available.
