Stocktoria

DROPBOX, INC. DBX

Nasdaq · stock · Services-Prepackaged Software · website · IPO 2018-03-23 · LEI

DROPBOX, INC. statistics & valuation

Market cap$6.0B
P / E11.8×
P / S2.4×
P / FCF6.4×
Net margin20.2%
FCF margin36.9%
Return on capital72.4%

Market cap as of 2026-06-29. Multiples are price-derived and refreshed daily; everything else from the latest financial reports.

Profitability & efficiency

Net margin (%)
-10.10% -34.80% -3.20% -13.40% 15.60% 23.80% 18.10% 17.70% 20.20% 201720182019202020212022202320242025
Gross margin (%)
66.70% 71.60% 75.30% 78.30% 79.40% 80.90% 80.90% 82.50% 80.10% 201720182019202020212022202320242025
Operating margin (%)
-10.30% -35.50% -4.80% -14.50% 12.70% 7.80% 21.50% 19.10% 27.30% 201720182019202020212022202320242025
Return on equity (%)
-108.60% -71.60% -6.50% -76.80% 201720182019202020212022202320242025
Shares outstanding
411.6M 414.3M 395.8M 363.3M 345.6M 323.4M 272.8M 201720182019202020212022202320242025
Net debt ($)
201720182019202020212022202320242025
Share buybacks ($)
201720182019202020212022202320242025
Return on assets (%)
-11.00% -28.60% -2.00% -10.70% 10.90% 17.80% 15.20% 13.60% 17.90% 201720182019202020212022202320242025
Free cash flow margin (%)
27.60% 26.00% 23.60% 25.60% 32.80% 32.80% 30.40% 34.20% 36.90% 201720182019202020212022202320242025
Debt / equity (×)
201720182019202020212022202320242025
EPS ($)
-$0.13 -$0.62 $0.85 $1.52 $1.31 $1.40 $1.86 201720182019202020212022202320242025

Margins and returns computed from annual filings. Falling shares outstanding = buybacks; rising = dilution. Net debt = debt − cash (negative = net cash).

P / E vs its own history

DROPBOX, INC. trades at about 18.1× earnings — below its 10-year norm (10-year range 13.7×–29.1×, median 23×).

13.7× 29.1×

Shaded band = 10-year range (13.7×–29.1×); dot = today's 18.1×.

Historical P/E = month-end price near each fiscal year-end ÷ that year's EPS. A read on whether the stock is cheap or dear relative to how it has typically been valued — not a forecast.

Key ratios (by fiscal year)

RatioFY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017
Gross margin80.1%82.5%80.9%80.9%79.4%78.3%75.3%71.6%66.7%
Operating margin27.3%19.1%21.5%7.8%12.7%-14.5%-4.8%-35.5%-10.3%
Net margin20.2%17.7%18.1%23.8%15.6%-13.4%-3.2%-34.8%-10.1%
FCF margin36.9%34.2%30.4%32.8%32.8%25.6%23.6%26.0%27.6%
Return on assets17.9%13.6%15.2%17.8%10.9%-10.7%-2.0%-28.6%-11.0%
Return on equity-28.3%-60.1%-273.6%-178.8%-114.3%-76.8%-6.5%-71.6%-108.6%
Current ratio0.631.441.261.251.571.131.231.450.70

Computed from company filings · US · as of 2025-12-31. Facts plus Stocktoria's own computed scores — not investment advice.