A Business at a Glance
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Dropbox, Inc. (the “Company”, “we”, or “us”) is the one place to keep life organized and keep work moving. We were founded in 2007 with a simple idea: Life would be a lot better if everyone could access their most important information anytime from any device. We’ve largely accomplished that mission by building tools to help people work from anywhere—and along the way we recognized that for most of our users, sharing and collaborating on the Dropbox, Inc. platform (“Dropbox”) was even more valuable than storing files. Our market opportunity grew as we’ve expanded from keeping files in sync to keeping teams in sync. Today, we are focused on reimagining the way work gets done by reducing the inordinate amount of time and energy the world spends on “work about work”—tedious tasks like searching for content, switching between applications, and managing workflows.
| Metric | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Revenue | 2.5B | 2.5B | 2.5B | 2.5B | 2.3B | 2.2B |
| Net Income | 508M | 508M | 452M | 454M | 553M | 336M |
| EPS | $1.86 | $1.86 | $1.40 | $1.31 | $1.52 | $0.85 |
| Free Cash Flow | 931M | 931M | 872M | 759M | 764M | 708M |
| ROIC | 19.9% | 18.4% | 13.7% | 14.5% | 141.2% | 10.0% |
| Gross Margin | 67.9% | 67.9% | 69.7% | 74.7% | 62.3% | 79.4% |
| Debt/Equity | 0.00 | -1.22 | -2.13 | -3.94 | -4.73 | -5.19 |
| Dividends/Share | $0.00 | - | - | - | - | - |
| Operating Income | 689M | 689M | 486M | 539M | 181M | 274M |
| Operating Margin | 27.3% | 27.3% | 19.1% | 21.5% | 7.8% | 12.7% |
| ROE | 0.0% | -39.9% | -98.5% | -190.9% | -183.4% | - |
| Shares Outstanding | 273M | 273M | 323M | 346M | 364M | 395M |
DROPBOX, INC. passes 8 of 9 quality checks, indicating strong fundamentals.
DROPBOX, INC. trades at 12.2x trailing earnings, compared to its 15-year median P/E of 21.8x, suggesting it is currently Cheap relative to its historical range. On a free-cash-flow basis, the stock trades at 4.0x vs a median of 13.8x. The company's 5-year average ROIC is 39.5% with a gross margin of 70.8%. Total shareholder yield (buybacks) is 27.6%. At current prices, the estimated annualized return to fair value is +29.5%.
DROPBOX, INC. (DBX) has a current P/E ratio of 12.2, compared to its historical median P/E of 21.8. The stock is currently considered Cheap based on its historical valuation range.
DROPBOX, INC. (DBX) has a 5-year average return on invested capital (ROIC) of 39.5%. This indicates strong capital allocation and a potential competitive advantage.
DROPBOX, INC. (DBX) has a market capitalization of $6.2B. It is classified as a mid-cap stock.
DROPBOX, INC. (DBX) does not currently pay a regular dividend. However, the company returns capital to shareholders through share buybacks, with a buyback yield of 27.62%.
Based on historical P/E analysis, DROPBOX, INC. (DBX) appears cheap. The current P/E of 12.2 is 44% below its historical median of 21.8. The estimated fair value CAGR (P/E method) is 41.1%.
DROPBOX, INC. (DBX) operates in the Services-Prepackaged Software industry, within the Technology sector.
DROPBOX, INC. (DBX) reported annual revenue of $2.5 billion in its most recent fiscal year, based on SEC EDGAR filings.
DROPBOX, INC. (DBX) has a net profit margin of 20.2%. This is a strong margin indicating high profitability.
DROPBOX, INC. (DBX) generated $931 million in free cash flow in its most recent fiscal year. Positive free cash flow supports dividends, buybacks, and debt reduction.
DROPBOX, INC. (DBX) reported earnings per share (EPS) of $1.86 in its most recent fiscal year.
DROPBOX, INC. (DBX) has a return on equity (ROE) of -39.9%. A negative ROE may indicate losses or negative equity.
DROPBOX, INC. (DBX) has a 5-year average gross margin of 70.8%. This high margin suggests strong pricing power and a potential competitive moat.
The Ledger Terminal provides 10 years of financial data for DROPBOX, INC. (DBX), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
DROPBOX, INC. (DBX) has a book value per share of $-6.58, based on its most recent annual SEC filing.