DROPBOX INC-CLASS A (DBX) Stock Fundamental Analysis

NASDAQ:DBX • US26210C1045

24.615 USD
+0.31 (+1.3%)
Last: Feb 13, 2026, 03:10 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Analyst Ratings Earnings Estimates Financials Ownership News
Fundamental Rating

6

DBX gets a fundamental rating of 6 out of 10. The analysis compared the fundamentals against 277 industry peers in the Software industry. DBX scores excellent on profitability, but there are concerns on its financial health. DBX is valued quite cheap, while showing a decent growth score. This is a good combination!


Dividend Valuation Growth Profitability Health

9

1. Profitability

1.1 Basic Checks

  • In the past year DBX was profitable.
  • DBX had a positive operating cash flow in the past year.
  • DBX had positive earnings in 4 of the past 5 years.
  • In the past 5 years DBX always reported a positive cash flow from operatings.
DBX Yearly Net Income VS EBIT VS OCF VS FCFDBX Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 200M -200M 400M -400M 600M 800M

1.2 Ratios

  • With an excellent Return On Assets value of 17.97%, DBX belongs to the best of the industry, outperforming 94.22% of the companies in the same industry.
  • DBX has a better Return On Invested Capital (59.34%) than 99.64% of its industry peers.
  • Measured over the past 3 years, the Average Return On Invested Capital for DBX is significantly above the industry average of 10.83%.
  • The last Return On Invested Capital (59.34%) for DBX is above the 3 year average (17.97%), which is a sign of increasing profitability.
Industry RankSector Rank
ROA 17.97%
ROE N/A
ROIC 59.34%
ROA(3y)15.53%
ROA(5y)9.34%
ROE(3y)N/A
ROE(5y)N/A
ROIC(3y)17.97%
ROIC(5y)15.1%
DBX Yearly ROA, ROE, ROICDBX Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 -50 -100 -150 -200 -250

1.3 Margins

  • Looking at the Profit Margin, with a value of 19.87%, DBX belongs to the top of the industry, outperforming 83.75% of the companies in the same industry.
  • DBX's Profit Margin has improved in the last couple of years.
  • DBX's Operating Margin of 24.57% is amongst the best of the industry. DBX outperforms 89.53% of its industry peers.
  • In the last couple of years the Operating Margin of DBX has grown nicely.
  • DBX has a Gross Margin of 80.66%. This is amongst the best in the industry. DBX outperforms 82.31% of its industry peers.
  • In the last couple of years the Gross Margin of DBX has grown nicely.
Industry RankSector Rank
OM 24.57%
PM (TTM) 19.87%
GM 80.66%
OM growth 3Y10.3%
OM growth 5YN/A
PM growth 3Y4.48%
PM growth 5YN/A
GM growth 3Y1.29%
GM growth 5Y1.86%
DBX Yearly Profit, Operating, Gross MarginsDBX Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 20 -20 40 60 80

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ROAROEROICOperating and Profit MarginShow most profitable peers

3

2. Health

2.1 Basic Checks

  • DBX has a Return on Invested Capital (ROIC), which is well above the Cost of Capital (WACC), which means it is creating value.
  • Compared to 1 year ago, DBX has less shares outstanding
  • The number of shares outstanding for DBX has been reduced compared to 5 years ago.
  • Compared to 1 year ago, DBX has a worse debt to assets ratio.
DBX Yearly Shares OutstandingDBX Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 100M 200M 300M 400M
DBX Yearly Total Debt VS Total AssetsDBX Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 1B 2B 3B

2.2 Solvency

  • Based on the Altman-Z score of 0.34, we must say that DBX is in the distress zone and has some risk of bankruptcy.
  • Looking at the Altman-Z score, with a value of 0.34, DBX is doing worse than 67.87% of the companies in the same industry.
  • DBX has a debt to FCF ratio of 3.10. This is a good value and a sign of high solvency as DBX would need 3.10 years to pay back of all of its debts.
  • DBX has a better Debt to FCF ratio (3.10) than 63.18% of its industry peers.
Industry RankSector Rank
Debt/Equity N/A
Debt/FCF 3.1
Altman-Z 0.34
ROIC/WACC5.99
WACC9.91%
DBX Yearly LT Debt VS Equity VS FCFDBX Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 1B 2B

2.3 Liquidity

  • A Current Ratio of 0.57 indicates that DBX may have some problems paying its short term obligations.
  • With a Current ratio value of 0.57, DBX is not doing good in the industry: 92.06% of the companies in the same industry are doing better.
  • DBX has a Quick Ratio of 0.57. This is a bad value and indicates that DBX is not financially healthy enough and could expect problems in meeting its short term obligations.
  • With a Quick ratio value of 0.57, DBX is not doing good in the industry: 91.70% of the companies in the same industry are doing better.
Industry RankSector Rank
Current Ratio 0.57
Quick Ratio 0.57
DBX Yearly Current Assets VS Current LiabilitesDBX Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 500M 1B 1.5B

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

4

3. Growth

3.1 Past

  • DBX shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 26.32%, which is quite impressive.
  • The Earnings Per Share has been growing by 38.64% on average over the past years. This is a very strong growth
  • The Revenue has decreased by -0.44% in the past year.
  • Measured over the past years, DBX shows a quite strong growth in Revenue. The Revenue has been growing by 8.93% on average per year.
EPS 1Y (TTM)26.32%
EPS 3Y17.94%
EPS 5Y38.64%
EPS Q2Q%23.33%
Revenue 1Y (TTM)-0.44%
Revenue growth 3Y5.7%
Revenue growth 5Y8.93%
Sales Q2Q%-0.69%

3.2 Future

  • The Earnings Per Share is expected to grow by 2.92% on average over the next years.
  • Based on estimates for the next years, DBX will show a decrease in Revenue. The Revenue will decrease by -1.17% on average per year.
EPS Next Y13.95%
EPS Next 2Y10.56%
EPS Next 3Y9.38%
EPS Next 5Y2.92%
Revenue Next Year-1.17%
Revenue Next 2Y-0.9%
Revenue Next 3Y-0.81%
Revenue Next 5Y-1.17%

3.3 Evolution

  • The EPS growth rate is decreasing: in the next years the growth will be less than in the last years.
  • The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
DBX Yearly Revenue VS EstimatesDBX Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2017 2019 2021 2023 2025 2027 2029 2031 2033 500M 1B 1.5B 2B 2.5B
DBX Yearly EPS VS EstimatesDBX Yearly EPS VS EstimatesYearly EPS VS Estimates 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 2033 1 2 3

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Find the best growth stocksShow best growing peers

9

4. Valuation

4.1 Price/Earnings Ratio

  • Based on the Price/Earnings ratio of 8.55, the valuation of DBX can be described as reasonable.
  • 89.89% of the companies in the same industry are more expensive than DBX, based on the Price/Earnings ratio.
  • Compared to an average S&P500 Price/Earnings ratio of 27.67, DBX is valued rather cheaply.
  • The Price/Forward Earnings ratio is 8.02, which indicates a very decent valuation of DBX.
  • 88.45% of the companies in the same industry are more expensive than DBX, based on the Price/Forward Earnings ratio.
  • When comparing the Price/Forward Earnings ratio of DBX to the average of the S&P500 Index (27.69), we can say DBX is valued rather cheaply.
Industry RankSector Rank
PE 8.55
Fwd PE 8.02
DBX Price Earnings VS Forward Price EarningsDBX Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30 40

4.2 Price Multiples

  • Based on the Enterprise Value to EBITDA ratio, DBX is valued cheaper than 87.36% of the companies in the same industry.
  • DBX's Price/Free Cash Flow ratio is rather cheap when compared to the industry. DBX is cheaper than 94.22% of the companies in the same industry.
Industry RankSector Rank
P/FCF 6.95
EV/EBITDA 10.31
DBX Per share dataDBX EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 5 -5

4.3 Compensation for Growth

  • DBX's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
  • The excellent profitability rating of DBX may justify a higher PE ratio.
PEG (NY)0.61
PEG (5Y)0.22
EPS Next 2Y10.56%
EPS Next 3Y9.38%

More info and screens

Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

0

5. Dividend

5.1 Amount

  • No dividends for DBX!.
Industry RankSector Rank
Dividend Yield 0%

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Find the best dividend stocksShow peers with best dividend

DROPBOX INC-CLASS A

NASDAQ:DBX (2/13/2026, 3:10:08 PM)

24.615

+0.31 (+1.3%)

Chartmill FA Rating
GICS IndustryGroupSoftware & Services
GICS IndustrySoftware
Earnings (Last)11-06
Earnings (Next)02-19
Inst Owners111.56%
Inst Owner Change-2.82%
Ins Owners6.13%
Ins Owner Change3.07%
Market Cap6.37B
Revenue(TTM)2.53B
Net Income(TTM)502.50M
Analysts50
Price Target29.16 (18.46%)
Short Float %18.1%
Short Ratio8.69
Dividend
Industry RankSector Rank
Dividend Yield 0%
Yearly DividendN/A
Dividend Growth(5Y)N/A
DPN/A
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)12.22%
Min EPS beat(2)11.32%
Max EPS beat(2)13.12%
EPS beat(4)4
Avg EPS beat(4)12.9%
Min EPS beat(4)11.32%
Max EPS beat(4)15.74%
EPS beat(8)8
Avg EPS beat(8)11.94%
EPS beat(12)12
Avg EPS beat(12)11.32%
EPS beat(16)16
Avg EPS beat(16)10.18%
Revenue beat(2)2
Avg Revenue beat(2)0.45%
Min Revenue beat(2)0.16%
Max Revenue beat(2)0.74%
Revenue beat(4)2
Avg Revenue beat(4)0.1%
Min Revenue beat(4)-0.26%
Max Revenue beat(4)0.74%
Revenue beat(8)2
Avg Revenue beat(8)-0.19%
Revenue beat(12)4
Avg Revenue beat(12)-0.08%
Revenue beat(16)5
Avg Revenue beat(16)-0.11%
PT rev (1m)1.14%
PT rev (3m)2.98%
EPS NQ rev (1m)1%
EPS NQ rev (3m)3.17%
EPS NY rev (1m)0.23%
EPS NY rev (3m)4.7%
Revenue NQ rev (1m)0.26%
Revenue NQ rev (3m)0.54%
Revenue NY rev (1m)0.04%
Revenue NY rev (3m)0.67%
Valuation
Industry RankSector Rank
PE 8.55
Fwd PE 8.02
P/S 2.52
P/FCF 6.95
P/OCF 6.85
P/B N/A
P/tB N/A
EV/EBITDA 10.31
EPS(TTM)2.88
EY11.7%
EPS(NY)3.07
Fwd EY12.46%
FCF(TTM)3.54
FCFY14.38%
OCF(TTM)3.6
OCFY14.61%
SpS9.77
BVpS-5.92
TBVpS-7.83
PEG (NY)0.61
PEG (5Y)0.22
Graham NumberN/A
Profitability
Industry RankSector Rank
ROA 17.97%
ROE N/A
ROCE 69.59%
ROIC 59.34%
ROICexc N/A
ROICexgc N/A
OM 24.57%
PM (TTM) 19.87%
GM 80.66%
FCFM 36.22%
ROA(3y)15.53%
ROA(5y)9.34%
ROE(3y)N/A
ROE(5y)N/A
ROIC(3y)17.97%
ROIC(5y)15.1%
ROICexc(3y)69.99%
ROICexc(5y)80.12%
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)21.07%
ROCE(5y)17.71%
ROICexgc growth 3YN/A
ROICexgc growth 5YN/A
ROICexc growth 3Y-15.6%
ROICexc growth 5YN/A
OM growth 3Y10.3%
OM growth 5YN/A
PM growth 3Y4.48%
PM growth 5YN/A
GM growth 3Y1.29%
GM growth 5Y1.86%
F-Score4
Asset Turnover0.9
Health
Industry RankSector Rank
Debt/Equity N/A
Debt/FCF 3.1
Debt/EBITDA 2.57
Cap/Depr 9.3%
Cap/Sales 0.57%
Interest Coverage 250
Cash Conversion 119.86%
Profit Quality 182.25%
Current Ratio 0.57
Quick Ratio 0.57
Altman-Z 0.34
F-Score4
WACC9.91%
ROIC/WACC5.99
Cap/Depr(3y)17.74%
Cap/Depr(5y)24.54%
Cap/Sales(3y)1.13%
Cap/Sales(5y)1.78%
Profit Quality(3y)165.94%
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)26.32%
EPS 3Y17.94%
EPS 5Y38.64%
EPS Q2Q%23.33%
EPS Next Y13.95%
EPS Next 2Y10.56%
EPS Next 3Y9.38%
EPS Next 5Y2.92%
Revenue 1Y (TTM)-0.44%
Revenue growth 3Y5.7%
Revenue growth 5Y8.93%
Sales Q2Q%-0.69%
Revenue Next Year-1.17%
Revenue Next 2Y-0.9%
Revenue Next 3Y-0.81%
Revenue Next 5Y-1.17%
EBIT growth 1Y22.21%
EBIT growth 3Y16.58%
EBIT growth 5YN/A
EBIT Next Year27.77%
EBIT Next 3Y7.56%
EBIT Next 5Y8.46%
FCF growth 1Y22.16%
FCF growth 3Y7.53%
FCF growth 5Y17.4%
OCF growth 1Y19.56%
OCF growth 3Y7%
OCF growth 5Y11.09%

DROPBOX INC-CLASS A / DBX FAQ

What is the ChartMill fundamental rating of DROPBOX INC-CLASS A (DBX) stock?

ChartMill assigns a fundamental rating of 6 / 10 to DBX.


Can you provide the valuation status for DROPBOX INC-CLASS A?

ChartMill assigns a valuation rating of 9 / 10 to DROPBOX INC-CLASS A (DBX). This can be considered as Undervalued.


Can you provide the profitability details for DROPBOX INC-CLASS A?

DROPBOX INC-CLASS A (DBX) has a profitability rating of 9 / 10.


What is the expected EPS growth for DROPBOX INC-CLASS A (DBX) stock?

The Earnings per Share (EPS) of DROPBOX INC-CLASS A (DBX) is expected to grow by 13.95% in the next year.