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Side-by-side financial comparison of Dolby Laboratories, Inc. (DLB) and ZILLOW GROUP, INC. (ZG). Click either name above to swap in a different company.
ZILLOW GROUP, INC. is the larger business by last-quarter revenue ($654.0M vs $395.6M, roughly 1.7× Dolby Laboratories, Inc.). Dolby Laboratories, Inc. runs the higher net margin — 24.0% vs 0.5%, a 23.5% gap on every dollar of revenue. On growth, ZILLOW GROUP, INC. posted the faster year-over-year revenue change (18.1% vs 7.1%). Over the past eight quarters, Dolby Laboratories, Inc.'s revenue compounded faster (13.9% CAGR vs 11.2%).
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.
Zillow Group, Inc., or simply Zillow, is an American tech real-estate marketplace company that was founded in 2006 by co-executive chairmen Rich Barton and Lloyd Frink, former Microsoft executives and founders of Microsoft spin-off Expedia; Spencer Rascoff, a co-founder of Hotwire.com; David Beitel, Zillow's current chief technology officer; and Kristin Acker, Zillow's current technology leadership advisor.
DLB vs ZG — Head-to-Head
Income Statement — Q3 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $395.6M | $654.0M |
| Net Profit | $94.9M | $3.0M |
| Gross Margin | 88.7% | 72.8% |
| Operating Margin | 28.5% | -1.7% |
| Net Margin | 24.0% | 0.5% |
| Revenue YoY | 7.1% | 18.1% |
| Net Profit YoY | 3.4% | 105.8% |
| EPS (diluted) | $0.99 | $0.01 |
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 | $654.0M | ||
| Q3 25 | $307.0M | $676.0M | ||
| Q2 25 | $315.5M | $655.0M | ||
| Q1 25 | $369.6M | $598.0M | ||
| Q4 24 | $357.0M | $554.0M | ||
| Q3 24 | $304.8M | $581.0M |
| Q2 26 | $94.9M | — | ||
| Q1 26 | $53.3M | — | ||
| Q4 25 | $53.3M | $3.0M | ||
| Q3 25 | $49.3M | $10.0M | ||
| Q2 25 | $46.1M | $2.0M | ||
| Q1 25 | $91.8M | $8.0M | ||
| Q4 24 | $67.8M | $-52.0M | ||
| Q3 24 | $58.6M | $-20.0M |
| Q2 26 | 88.7% | — | ||
| Q1 26 | 87.5% | — | ||
| Q4 25 | 87.5% | 72.8% | ||
| Q3 25 | 87.1% | 72.6% | ||
| Q2 25 | 86.1% | 74.7% | ||
| Q1 25 | 90.3% | 76.8% | ||
| Q4 24 | 88.6% | 75.8% | ||
| Q3 24 | 88.8% | 75.9% |
| Q2 26 | 28.5% | — | ||
| Q1 26 | 17.9% | — | ||
| Q4 25 | 17.9% | -1.7% | ||
| Q3 25 | 9.7% | -0.4% | ||
| Q2 25 | 15.1% | -1.7% | ||
| Q1 25 | 29.2% | -1.5% | ||
| Q4 24 | 22.4% | -12.5% | ||
| Q3 24 | 15.2% | -7.7% |
| Q2 26 | 24.0% | — | ||
| Q1 26 | 15.4% | — | ||
| Q4 25 | 15.4% | 0.5% | ||
| Q3 25 | 16.1% | 1.5% | ||
| Q2 25 | 14.6% | 0.3% | ||
| Q1 25 | 24.8% | 1.3% | ||
| Q4 24 | 19.0% | -9.4% | ||
| Q3 24 | 19.2% | -3.4% |
| Q2 26 | $0.99 | — | ||
| Q1 26 | $0.55 | — | ||
| Q4 25 | $0.55 | $0.01 | ||
| Q3 25 | $0.50 | $0.04 | ||
| Q2 25 | $0.48 | $0.01 | ||
| Q1 25 | $0.94 | $0.03 | ||
| Q4 24 | $0.70 | $-0.23 | ||
| Q3 24 | $0.59 | $-0.08 |
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 | $768.0M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $2.6B | $4.9B |
| Total Assets | $3.2B | $5.7B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q2 26 | $594.7M | — | ||
| Q1 26 | $644.6M | — | ||
| Q4 25 | $644.6M | $768.0M | ||
| Q3 25 | $702.6M | $874.0M | ||
| Q2 25 | $699.3M | $587.0M | ||
| Q1 25 | $626.6M | $914.0M | ||
| Q4 24 | $520.8M | $1.1B | ||
| Q3 24 | $482.0M | $1.1B |
| Q2 26 | $2.6B | — | ||
| Q1 26 | $2.6B | — | ||
| Q4 25 | $2.6B | $4.9B | ||
| Q3 25 | $2.6B | $5.0B | ||
| Q2 25 | $2.6B | $4.7B | ||
| Q1 25 | $2.6B | $4.8B | ||
| Q4 24 | $2.5B | $4.8B | ||
| Q3 24 | $2.5B | $4.7B |
| Q2 26 | $3.2B | — | ||
| Q1 26 | $3.2B | — | ||
| Q4 25 | $3.2B | $5.7B | ||
| Q3 25 | $3.2B | $5.7B | ||
| Q2 25 | $3.2B | $5.4B | ||
| Q1 25 | $3.2B | $5.7B | ||
| Q4 24 | $3.2B | $5.8B | ||
| Q3 24 | $3.1B | $6.2B |
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 | $72.0M |
| Free Cash FlowOCF − Capex | — | $44.0M |
| FCF MarginFCF / Revenue | — | 6.7% |
| Capex IntensityCapex / Revenue | — | 4.3% |
| Cash ConversionOCF / Net Profit | 1.55× | 24.00× |
| TTM Free Cash FlowTrailing 4 quarters | — | $235.0M |
8-quarter trend — quarters aligned by calendar period.
| Q2 26 | $147.3M | — | ||
| Q1 26 | $54.8M | — | ||
| Q4 25 | $54.8M | $72.0M | ||
| Q3 25 | $472.2M | $105.0M | ||
| Q2 25 | $67.7M | $87.0M | ||
| Q1 25 | $174.9M | $104.0M | ||
| Q4 24 | $106.8M | $122.0M | ||
| Q3 24 | $327.3M | $171.0M |
| Q2 26 | — | — | ||
| Q1 26 | — | — | ||
| Q4 25 | $50.2M | $44.0M | ||
| Q3 25 | $435.9M | $73.0M | ||
| Q2 25 | $61.3M | $50.0M | ||
| Q1 25 | $168.0M | $68.0M | ||
| Q4 24 | $100.0M | $88.0M | ||
| Q3 24 | $297.2M | $138.0M |
| Q2 26 | — | — | ||
| Q1 26 | — | — | ||
| Q4 25 | 14.5% | 6.7% | ||
| Q3 25 | 142.0% | 10.8% | ||
| Q2 25 | 19.4% | 7.6% | ||
| Q1 25 | 45.5% | 11.4% | ||
| Q4 24 | 28.0% | 15.9% | ||
| Q3 24 | 97.5% | 23.8% |
| Q2 26 | — | — | ||
| Q1 26 | — | — | ||
| Q4 25 | 1.3% | 4.3% | ||
| Q3 25 | 11.8% | 4.7% | ||
| Q2 25 | 2.0% | 5.6% | ||
| Q1 25 | 1.9% | 6.0% | ||
| Q4 24 | 1.9% | 6.1% | ||
| Q3 24 | 9.8% | 5.7% |
| Q2 26 | 1.55× | — | ||
| Q1 26 | 1.03× | — | ||
| Q4 25 | 1.03× | 24.00× | ||
| Q3 25 | 9.57× | 10.50× | ||
| Q2 25 | 1.47× | 43.50× | ||
| Q1 25 | 1.91× | 13.00× | ||
| Q4 24 | 1.57× | — | ||
| Q3 24 | 5.59× | — |
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% |
ZG
| Residential Revenue | $418.0M | 64% |
| Rental Revenue | $168.0M | 26% |
| Mortgage Revenue | $57.0M | 9% |
| Display Advertising And Other Revenue | $11.0M | 2% |
