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Company Analysis

Dropbox, Inc. DBX

A comprehensive view of key metrics, scores, and financial health for Dropbox, Inc.

Overview of Dropbox, Inc.

DBX NMS
Technology Software - Infrastructure Mid Cap
Dropbox, Inc. (DBX), is a Mid Cap company, in the Software - Infrastructure industry, last closed at $25.75, about 180.3% undervalued vs fair value, -2.0% 1Y return, ranked 214/761 in sector.
$25.75
-0.62%
As of March 13, 2026
Previous close • Vol 90d: 29.8%
52-Week Range
Market Cap
$6.45B
Enterprise Value
$9.50B
Overall Score
Scores locked

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Top Beats

Quick Facts

Website https://www.dropbox.com
HQ San Francisco, CA
Employees 2,113
Fiscal year Dec 31

Next Events

Earnings May 7 Estimated

Fair Value Snapshot

Bear Base Bull
$66
$72
$79
Current: $25.75 +180% vs base

Engine Room Money Flow™

Mid Cap

Corporate Free Cash Flow - Where revenue goes and how value is created

Flow Steps
Revenue
$2.5B
-1.1%%
Gross Profit
$2.0B
-3.9%%
Operating Income
$691.5M
42.2%%
Net Income
$508.4M
12.4%%
Money Flow Bridge
Flow Direction: Money moves from left to right
Components: Breakdown shows composition of each stage
Industry-Specific: Corporate Free Cash Flow

Quality & Reliability Indicators

Cash Conversion Ratio
171.4%
Excellent

FCF / Net Income - measures how well earnings convert to cash

Locked Metric
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Owner's Pocket - Capital Allocation

Total Returned to Shareholders

Combined dividends, buybacks, and debt reduction

$1.7B
196.7% of FCF

Where It Leaks

Cash Flow Health critical
Significant cash flow inefficiencies identified. Multiple high-impact leaks require attention.
5
Active Leaks
4/5
Improving
1
High Impact
1
Critical
Locked Leak
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Locked Leak
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Moat Analysis Corporate Default

Competitive Advantage Assessment

Evaluating Dropbox, Inc.'s durable competitive advantages across 6 defense dimensions

Overall Moat Strength
71
/100
Moderate
Scores based on quantitative metrics and qualitative factors

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Pricing Power

Strong
82
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For informational purposes only. Not investment advice.

Trade-Off Ledger™

Where management spends the performance budget - Growth, Profitability, or Safety

Software SaaS vs Industry Peers 97% Coverage
Trade-Off Triangle Visualization A ternary plot showing DBX's balance between Growth (20.7%), Profitability (56.3%), and Safety (23.1%). Growth 21% Safety 23% Profitability 56%

Click axes to expand details. Marker shows current allocation.

3-Year Trend Analysis Locked
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Growth

30th percentile vs peers
31
Key Signals
Revenue CAGR 3Y 2.7% 30p EPS CAGR 3Y 18.1% 68p Rev Growth YoY -1.1% 19p EPS Growth YoY 6.6% 33p
Strengths
  • Gross Profit Margin in top 20% of peers (80.1%, 84th percentile)
  • Operating Margin in top 20% of peers (27.4%, 90th percentile)
  • Fcf Margin in top 20% of peers (36.9%, 95th percentile)
  • Roic in top 20% of peers (27.0%, 89th percentile)
Risks
  • Rev Growth Yoy in bottom 20% of peers (-1.1%)

Profitability

83th percentile vs peers
83
Key Signals
Strengths
Risks
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Safety

34th percentile vs peers
34
Key Signals
Strengths
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Two Futures

Scenario-based fair value ranges for Dropbox, Inc..

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Unable to Compute Fair Value

This company cannot be valued using standard models.

What this means: The Scenario Theatre requires financial data (revenue, cash flow, shares outstanding) to calculate fair value estimates. This data may be unavailable for:

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  • Shell companies or holding companies
  • Companies that haven't filed recent financials
  • Foreign companies with limited data coverage
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Bear
-
- - -
- upside
-
Base
$72.17
- - -
+180.3% vs current
Snapshot base estimate
Bull
-
- - -
- upside
-
Fair Value Range Current: $-
$- $- $-
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