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DROPBOX, INC.

DBX

$35.80 ▼ -0.31 (-0.86%) at close

11 Visible periods

29 Metrics

Peer-ranked Benchmarks

Price Chart

Health

Fair

Moderately Bullish

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Analytical Summary

DROPBOX, INC. demonstrates solid fundamentals with strength in Profit Margin (%). Overall, the data suggests a moderately positive outlook with manageable risks.

Market Cap $9.6B

Dividend Yield —

Revenue Growth -1.1% ↘

Op. Margin 27.3% ↗

ROIC -31.6% ↗

FCF / Share $3.47 ↗

Trailing P/E 18.9x

Price / Book —

FCF Yield 9.7%

Debt / Equity —

info Valuation on last close. End-of-day price, Nov 5, 2026.

11-Year Financial Trajectory

Annual

Metric Value Trend Year over Year Percentile

Revenue Total top-line sales

$2.52B

↓ -1.1% —

Net Income Profit after all expenses

$508.40M

↑ +12.4% —

Operating Margin Operating profit as % of sales

27.3%

↑ +43.3% 84th

FCF / Share Free cash flow per share

$3.47

↑ +26.7% —

trending_up

Bullish Indicators

Operating Margin (%)Operating Margin (%) is in the top quartile
Profit Margin (%)Profit Margin (%) is in the top quartile

warning

Bearish Risks

Return on Common Equity (%)Return on Common Equity (%) is in the bottom quartile

Health Breakdown

Profitability ↑

Returns ↑

Financial Health ↓

Cash Quality ↓

Financial view

Statement lens

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Cadence

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📈 Is growth accelerating? 7 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗
Revenue Growth YoY (%)	-1.1% Weak ↓ Weak Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-109%)	1.9% Caution ↓ Caution Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-84%)	7.6% Fair ↓ Fair Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-37%)	7.7% Fair ↓ Fair Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-36%)	12.7% Good ↓ Good Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+6%)	15.2% Good ↓ Good Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+27%)	19.4% Good ↓ Good Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+61%)	25.7% Excellent Excellent Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+115%)	31.0% Excellent Excellent Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+158%)	—	—
EPS Growth YoY (%)	33.1% Excellent ↑ Excellent Improving Year-over-year change in earnings per share Optimal: > 10%	6.8% Fair ↓ Fair Declining Year-over-year change in earnings per share Optimal: > 10%	-13.1% Weak Weak Year-over-year change in earnings per share Optimal: > 10%	75.9% Excellent Excellent Year-over-year change in earnings per share Optimal: > 10%	N/M	—	—	—	—	—	—
Net Income Growth YoY (%)	12.4% Fair ↓ Fair Declining Year-over-year change in net income	-0.3% Weak ↓ Weak Declining Year-over-year change in net income	-18.0% Weak ↑ Weak Improving Year-over-year change in net income	64.7% Excellent ↑ Excellent Improving Year-over-year change in net income	N/M	-386.3% Weak ↓ Weak Declining Year-over-year change in net income	89.1% Excellent ↑ Excellent Improving Year-over-year change in net income	-334.1% Weak Weak Year-over-year change in net income	46.9% Excellent Excellent Year-over-year change in net income	—	—
FCF Growth YoY (%)	26.7% Excellent ↑ Excellent Improving Year-over-year change in free cash flow	23.1% Good ↓ Good Declining Year-over-year change in free cash flow	5.3% Fair ↓ Fair Declining Year-over-year change in free cash flow	15.9% Good Good Year-over-year change in free cash flow	54.0% Excellent Excellent Year-over-year change in free cash flow	—	—	—	—	—	—
Revenue CAGR 3Y (%)	2.7% Caution ↓ Caution Declining Compound annual revenue growth over 3 years	5.7% Fair ↓ Fair Declining Compound annual revenue growth over 3 years	9.3% Fair ↓ Fair Declining Compound annual revenue growth over 3 years	11.9% Good ↓ Good Declining Compound annual revenue growth over 3 years	15.7% Excellent ↓ Excellent Declining Compound annual revenue growth over 3 years	20.0% Excellent Excellent Compound annual revenue growth over 3 years	25.3% Excellent Excellent Compound annual revenue growth over 3 years	—	—	—	—
Revenue CAGR 5Y (%)	5.7% Fair ↓ Fair Declining Compound annual revenue growth over 5 years	8.9% Good ↓ Good Declining Compound annual revenue growth over 5 years	12.4% Excellent ↓ Excellent Declining Compound annual revenue growth over 5 years	16.0% Excellent Excellent Compound annual revenue growth over 5 years	20.6% Excellent Excellent Compound annual revenue growth over 5 years	—	—	—	—	—	—
EPS CAGR 3Y (%)	7.3% Fair Fair Compound annual EPS growth over 3 years	17.7% Excellent Excellent Compound annual EPS growth over 3 years	—	—	—	—	—	—	—	—	—

💰 Are margins durable? 5 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗
Operating Margin (%) (%)	27.3% Excellent ↑ Excellent Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+37%)	19.1% Good ↑ Good Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: At sector avg	21.5% Good ↑ Good Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+8%)	7.8% Caution ↑ Caution Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-61%)	12.7% Fair ↑ Fair Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-36%)	-14.5% Weak ↑ Weak Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-172%)	-4.8% Weak ↑ Weak Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-124%)	-35.5% Weak ↓ Weak Declining Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-277%)	-10.3% Weak Weak Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-151%)	-22.9% Weak Weak Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-215%)	—
Effective Tax Rate (%) (%)	17.7% Good ↑ Good Improving Actual taxes paid relative to pre-tax income Optimal: 15-25%	11.3% Excellent ↑ Excellent Improving Actual taxes paid relative to pre-tax income Optimal: 15-25%	18.2% Good ↑ Good Improving Actual taxes paid relative to pre-tax income Optimal: 15-25%	-187.1% Excellent ↓ Excellent Declining Actual taxes paid relative to pre-tax income Optimal: 15-25%	-12.2% Excellent ↓ Excellent Declining Actual taxes paid relative to pre-tax income Optimal: 15-25%	-2.4% Excellent ↓ Excellent Declining Actual taxes paid relative to pre-tax income Optimal: 15-25%	-1.3% Excellent ↓ Excellent Declining Actual taxes paid relative to pre-tax income Optimal: 15-25%	-1.0% Excellent ↑ Excellent Improving Actual taxes paid relative to pre-tax income Optimal: 15-25%	-0.2% Excellent Excellent Actual taxes paid relative to pre-tax income Optimal: 15-25%	-2.5% Excellent Excellent Actual taxes paid relative to pre-tax income Optimal: 15-25%	—
Profit Margin (%) (%)	20.2% Excellent → Excellent Stable Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+34%)	17.7% Good ↓ Good Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+18%)	18.1% Good ↑ Good Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+21%)	23.8% Excellent ↑ Excellent Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+59%)	15.6% Good ↑ Good Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: At sector avg	-13.4% Weak ↑ Weak Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-189%)	-3.2% Weak ↑ Weak Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-121%)	-34.8% Weak ↓ Weak Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-332%)	-10.1% Weak Weak Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-167%)	-24.9% Weak Weak Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-266%)	—
FCF Margin (%) (%)	36.9% Excellent ↑ Excellent Improving Free cash flow as a percentage of revenue Optimal: > 10%	34.2% Excellent ↑ Excellent Improving Free cash flow as a percentage of revenue Optimal: > 10%	30.4% Excellent → Excellent Stable Free cash flow as a percentage of revenue Optimal: > 10%	32.8% Excellent ↑ Excellent Improving Free cash flow as a percentage of revenue Optimal: > 10%	32.8% Excellent ↑ Excellent Improving Free cash flow as a percentage of revenue Optimal: > 10%	25.6% Excellent → Excellent Stable Free cash flow as a percentage of revenue Optimal: > 10%	23.6% Excellent → Excellent Stable Free cash flow as a percentage of revenue Optimal: > 10%	26.0% Excellent ↑ Excellent Improving Free cash flow as a percentage of revenue Optimal: > 10%	27.6% Excellent Excellent Free cash flow as a percentage of revenue Optimal: > 10%	16.3% Good Good Free cash flow as a percentage of revenue Optimal: > 10%	—
FCF / Net Income (x)	1.83x Excellent ↑ Excellent Improving Free cash flow relative to reported net income Optimal: > 1x	1.93x Excellent ↑ Excellent Improving Free cash flow relative to reported net income Optimal: > 1x	1.67x Excellent ↑ Excellent Improving Free cash flow relative to reported net income Optimal: > 1x	1.38x Good ↑ Good Improving Free cash flow relative to reported net income Optimal: > 1x	2.11x Excellent ↑ Excellent Improving Free cash flow relative to reported net income Optimal: > 1x	-1.91x Weak ↑ Weak Improving Free cash flow relative to reported net income Optimal: > 1x	-7.45x Weak ↓ Weak Declining Free cash flow relative to reported net income Optimal: > 1x	-0.75x Weak ↑ Weak Improving Free cash flow relative to reported net income Optimal: > 1x	-2.73x Weak Weak Free cash flow relative to reported net income Optimal: > 1x	-0.65x Weak Weak Free cash flow relative to reported net income Optimal: > 1x	—

🎯 Is capital allocation efficient? 3 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗
Return on Invested Capital (%)	-31.6% Weak ↑ Weak Improving Return earned on debt + equity capital invested Optimal: > 10%	-57.3% Weak ↑ Weak Improving Return earned on debt + equity capital invested Optimal: > 10%	-265.8% Weak ↓ Weak Declining Return earned on debt + equity capital invested Optimal: > 10%	-168.2% Weak ↓ Weak Declining Return earned on debt + equity capital invested Optimal: > 10%	-104.8% Weak ↓ Weak Declining Return earned on debt + equity capital invested Optimal: > 10%	-85.0% Weak ↓ Weak Declining Return earned on debt + equity capital invested Optimal: > 10%	-10.1% Weak ↑ Weak Improving Return earned on debt + equity capital invested Optimal: > 10%	-73.7% Weak ↑ Weak Improving Return earned on debt + equity capital invested Optimal: > 10%	-110.7% Weak Weak Return earned on debt + equity capital invested Optimal: > 10%	-161.6% Weak Weak Return earned on debt + equity capital invested Optimal: > 10%	—
Return on Capital (%) (%)	24.2% Excellent ↑ Excellent Improving Operating profit relative to total assets Optimal: > 10%	14.6% Good ↑ Good Improving Operating profit relative to total assets Optimal: > 10%	18.1% Excellent ↑ Excellent Improving Operating profit relative to total assets Optimal: > 10%	5.8% Caution ↑ Caution Improving Operating profit relative to total assets Optimal: > 10%	8.9% Fair ↑ Fair Improving Operating profit relative to total assets Optimal: > 10%	-11.6% Weak ↑ Weak Improving Operating profit relative to total assets Optimal: > 10%	-3.0% Weak ↑ Weak Improving Operating profit relative to total assets Optimal: > 10%	-29.2% Weak Weak Operating profit relative to total assets Optimal: > 10%	-11.1% Weak Weak Operating profit relative to total assets Optimal: > 10%	—	—
Return on Common Equity (%) (%)	-28.3% Weak ↑ Weak Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-253%)	-60.1% Weak ↑ Weak Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-425%)	-273.6% Weak ↓ Weak Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-1579%)	-178.8% Weak ↓ Weak Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-1066%)	-114.3% Weak ↓ Weak Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-718%)	-76.8% Weak ↓ Weak Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-515%)	-6.5% Weak ↑ Weak Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-135%)	-71.6% Weak ↑ Weak Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-487%)	-108.6% Weak Weak Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-687%)	-171.2% Weak Weak Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-1025%)	—

⚖️ Is the balance sheet risky? 2 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗
Interest Coverage (x)	6.51x Good ↓ Good Declining Operating income divided by interest expense Optimal: > 5x	31.99x Excellent ↓ Excellent Declining Operating income divided by interest expense Optimal: > 5x	51.30x Excellent ↑ Excellent Improving Operating income divided by interest expense Optimal: > 5x	22.11x Excellent ↑ Excellent Improving Operating income divided by interest expense Optimal: > 5x	32.28x Excellent ↑ Excellent Improving Operating income divided by interest expense Optimal: > 5x	-28.85x Weak ↓ Weak Declining Operating income divided by interest expense Optimal: > 5x	-8.21x Weak ↑ Weak Improving Operating income divided by interest expense Optimal: > 5x	-59.52x Weak ↓ Weak Declining Operating income divided by interest expense Optimal: > 5x	-10.53x Weak Weak Operating income divided by interest expense Optimal: > 5x	-12.99x Weak Weak Operating income divided by interest expense Optimal: > 5x	—
Net Debt (USD)	$-891.30M	$-1.33B	$-614.90M	$-232.80M	$-533.00M	$-314.90M	$-551.30M	$-519.30M	$-430.00M	$-352.70M	$-356.90M

📊 What does each share earn? 6 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗
Revenue per Share (USD)	$9.40	$8.01	$7.33	$6.44	$5.56	$4.62	—	—	—	—	—
Basic EPS, GAAP (USD)	$1.89	$1.42	$1.33	$1.53	$0.87	$-0.62	—	—	—	—	—
Free Cash Flow per Share (USD)	$3.47	$2.74	$2.23	$2.11	$1.82	$1.18	—	—	—	—	—
Book Value per Share (USD)	$-6.70	$-2.36	$-0.49	$-0.86	$-0.76	$0.81	—	—	—	—	—
Tangible Book Value per Share (USD)	$-8.52	$-3.93	$-1.83	$-2.22	$-1.81	$0.15	—	—	—	—	—
Basic Weighted Avg Shares (shares)	268.30M	318.20M	341.20M	361.20M	388.00M	414.30M	—	—	—	—	—

🏦 How resilient is the balance sheet? 2 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗
Working Capital (USD)	$-703.00M	$527.60M	$315.10M	$293.30M	$674.00M	$139.70M	$228.40M	$372.70M	$-220.30M	—	—
Total Equity (USD)	$-1.80B	$-752.40M	$-165.80M	$-309.40M	$-293.90M	$333.80M	$808.40M	$676.80M	$102.90M	$122.80M	$185.60M

📋 What is driving earnings? 4 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗
Sales/Revenue/Turnover (USD)	$2.52B	$2.55B	$2.50B	$2.32B	$2.16B	$1.91B	$1.66B	$1.39B	$1.11B	$844.80M	—
Depreciation Expense (USD)	$131.60M	$109.30M	$139.70M	$140.90M	$135.70M	$145.10M	$159.90M	$158.60M	$170.70M	$173.80M	—
Net Income, GAAP (USD)	$508.40M	$452.30M	$453.60M	$553.20M	$335.80M	$-256.30M	$-52.70M	$-484.90M	$-111.70M	$-210.20M	—
Operating Cash Flow (USD)	$951.80M	$894.10M	$783.70M	$797.30M	$729.80M	$570.80M	$528.50M	$425.40M	$330.30M	$252.60M	—

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bar_chart Data from SEC EDGAR XBRL filings

Synced 4 days ago 11 years · 40 quarters

DROPBOX, INC.

Analytical Summary

11-Year Financial Trajectory

Bullish Indicators

Bearish Risks

Health Breakdown

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