Software - Infrastructure
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DBX vs BOX
Revenue, margins, valuation, and 5-year total return — side by side.
Software - Infrastructure
DBX vs BOX — Key Financials
Market cap, revenue, margins, and valuation side-by-side.
| Company Snapshot | ||
|---|---|---|
| Industry | Software - Infrastructure | Software - Infrastructure |
| Market Cap | $7.98B | $3.50B |
| Revenue (TTM) | $2.52B | $1.18B |
| Net Income (TTM) | $508M | $101M |
| Gross Margin | 80.1% | 79.2% |
| Operating Margin | 27.3% | 7.1% |
| Forward P/E | 8.3x | 18.8x |
| Total Debt | $3.00B | $77M |
| Cash & Equiv. | $1.33B | $375M |
DBX vs BOX — Long-Term Stock Performance
Price return indexed to 100 at period start. Dividends excluded.
| Stock | May 20 | May 26 | Return |
|---|---|---|---|
| Dropbox, Inc. (DBX) | 100 | 109.4 | +9.4% |
| Box, Inc. (BOX) | 100 | 121.3 | +21.3% |
Price return only. Dividends and distributions are not included.
Quick Verdict: DBX vs BOX
Each card shows where this stock fits in a portfolio — not just who wins on paper.
DBX carries the broadest edge in this set and is the clearest fit for income & stability and sleep-well-at-night.
- beta 0.44
- Lower volatility, beta 0.44, current ratio 1.44x
- Beta 0.44, current ratio 1.44x
BOX is the clearest fit if your priority is growth exposure and long-term compounding.
- Rev growth 8.0%, EPS growth -56.6%, 3Y rev CAGR 5.9%
- 106.1% 10Y total return vs DBX's -13.3%
- 8.0% revenue growth vs DBX's 1.9%
See the full category breakdown
| Category | Winner | Why |
|---|---|---|
| Growth | 8.0% revenue growth vs DBX's 1.9% | |
| Value | Lower P/E (8.3x vs 18.8x) | |
| Quality / Margins | 20.2% margin vs BOX's 8.6% | |
| Stability / Safety | Beta 0.44 vs BOX's 0.49 | |
| Dividends | 0.4% yield; 5-year raise streak; the other pay no meaningful dividend | |
| Momentum (1Y) | -14.3% vs BOX's -21.3% | |
| Efficiency (ROA) | 17.9% ROA vs BOX's 6.3%, ROIC 33.7% vs 64.7% |
DBX vs BOX — Financial Metrics
Side-by-side numbers across 2 stocks — who leads on profitability, valuation, growth, and risk.
Income & Cash Flow (Last 12 Months)
DBX leads this category, winning 5 of 6 comparable metrics.
Income & Cash Flow (Last 12 Months)
DBX is the larger business by revenue, generating $2.5B annually — 2.1x BOX's $1.2B. DBX is the more profitable business, keeping 20.2% of every revenue dollar as net income compared to BOX's 8.6%. On growth, BOX holds the edge at +9.4% YoY revenue growth, suggesting stronger near-term business momentum.
| Metric | ||
|---|---|---|
| RevenueTrailing 12 months | $2.5B | $1.2B |
| EBITDAEarnings before interest/tax | $812M | $120M |
| Net IncomeAfter-tax profit | $508M | $101M |
| Free Cash FlowCash after capex | $931M | $350M |
| Gross MarginGross profit ÷ Revenue | +80.1% | +79.2% |
| Operating MarginEBIT ÷ Revenue | +27.3% | +7.1% |
| Net MarginNet income ÷ Revenue | +20.2% | +8.6% |
| FCF MarginFCF ÷ Revenue | +36.9% | +29.8% |
| Rev. Growth (YoY)Latest quarter vs prior year | -1.1% | +9.4% |
| EPS Growth (YoY)Latest quarter vs prior year | +26.5% | -58.0% |
Valuation Metrics
DBX leads this category, winning 4 of 5 comparable metrics.
Valuation Metrics
At 17.6x trailing earnings, DBX trades at a 57% valuation discount to BOX's 41.1x P/E. On an enterprise value basis, DBX's 15.5x EV/EBITDA is more attractive than BOX's 26.6x.
| Metric | ||
|---|---|---|
| Market CapShares × price | $8.0B | $3.5B |
| Enterprise ValueMkt cap + debt − cash | $9.7B | $3.2B |
| Trailing P/EPrice ÷ TTM EPS | 17.64x | 41.08x |
| Forward P/EPrice ÷ next-FY EPS est. | 8.27x | 18.83x |
| PEG RatioP/E ÷ EPS growth rate | — | — |
| EV / EBITDAEnterprise value multiple | 15.48x | 26.57x |
| Price / SalesMarket cap ÷ Revenue | 3.13x | 2.97x |
| Price / BookPrice ÷ Book value/share | — | 18.01x |
| Price / FCFMarket cap ÷ FCF | 9.16x | 9.98x |
Profitability & Efficiency
BOX leads this category, winning 5 of 7 comparable metrics.
Profitability & Efficiency
On the Piotroski fundamental quality scale (0–9), BOX scores 7/9 vs DBX's 6/9, reflecting strong financial health.
| Metric | ||
|---|---|---|
| ROE (TTM)Return on equity | — | +47.9% |
| ROA (TTM)Return on assets | +17.9% | +6.3% |
| ROICReturn on invested capital | +33.7% | +64.7% |
| ROCEReturn on capital employed | +25.0% | +11.2% |
| Piotroski ScoreFundamental quality 0–9 | 6 | 7 |
| Debt / EquityFinancial leverage | — | 0.39x |
| Net DebtTotal debt minus cash | $1.7B | -$298M |
| Cash & Equiv.Liquid assets | $1.3B | $375M |
| Total DebtShort + long-term debt | $3.0B | $77M |
| Interest CoverageEBIT ÷ Interest expense | 9.54x | 9.68x |
Total Returns (Dividends Reinvested)
DBX leads this category, winning 4 of 6 comparable metrics.
Total Returns (Dividends Reinvested)
A $10,000 investment in BOX five years ago would be worth $11,688 today (with dividends reinvested), compared to $10,065 for DBX. Over the past 12 months, DBX leads with a -14.3% total return vs BOX's -21.3%. The 3-year compound annual growth rate (CAGR) favors DBX at 4.8% vs BOX's -3.4% — a key indicator of consistent wealth creation.
| Metric | ||
|---|---|---|
| YTD ReturnYear-to-date | -8.3% | -15.9% |
| 1-Year ReturnPast 12 months | -14.3% | -21.3% |
| 3-Year ReturnCumulative with dividends | +15.3% | -9.8% |
| 5-Year ReturnCumulative with dividends | +0.7% | +16.9% |
| 10-Year ReturnCumulative with dividends | -13.3% | +106.1% |
| CAGR (3Y)Annualised 3-year return | +4.8% | -3.4% |
Risk & Volatility
DBX leads this category, winning 2 of 2 comparable metrics.
Risk & Volatility
DBX is the less volatile stock with a 0.44 beta — it tends to amplify market swings less than BOX's 0.49 beta. A beta below 1.0 means the stock typically moves less than the S&P 500. DBX currently trades 76.2% from its 52-week high vs BOX's 62.5% drawdown — a narrower gap to the peak suggests stronger recent price momentum.
| Metric | ||
|---|---|---|
| Beta (5Y)Sensitivity to S&P 500 | 0.44x | 0.49x |
| 52-Week HighHighest price in past year | $32.40 | $38.80 |
| 52-Week LowLowest price in past year | $21.70 | $21.34 |
| % of 52W HighCurrent price vs 52-week peak | +76.2% | +62.5% |
| RSI (14)Momentum oscillator 0–100 | 64.9 | 59.3 |
| Avg Volume (50D)Average daily shares traded | 3.4M | 2.3M |
Analyst Outlook
Insufficient data to determine a leader in this category.
Analyst Outlook
Wall Street rates DBX as "Buy" and BOX as "Buy". Consensus price targets imply 43.0% upside for BOX (target: $35) vs 7.3% for DBX (target: $27). BOX is the only dividend payer here at 0.42% yield — a key consideration for income-focused portfolios.
| Metric | ||
|---|---|---|
| Analyst RatingConsensus buy/hold/sell | Buy | Buy |
| Price TargetConsensus 12-month target | $26.50 | $34.67 |
| # AnalystsCovering analysts | 16 | 28 |
| Dividend YieldAnnual dividend ÷ price | — | +0.4% |
| Dividend StreakConsecutive years of raises | — | 5 |
| Dividend / ShareAnnual DPS | — | $0.10 |
| Buyback YieldShare repurchases ÷ mkt cap | +15.5% | +8.3% |
DBX leads in 4 of 6 categories (Income & Cash Flow, Valuation Metrics). BOX leads in 1 (Profitability & Efficiency).
DBX vs BOX: Frequently Asked Questions
10 questions · data-driven answers · updated daily
01Is DBX or BOX a better buy right now?
For growth investors, Box, Inc.
(BOX) is the stronger pick with 8. 0% revenue growth year-over-year, versus 1. 9% for Dropbox, Inc. (DBX). Dropbox, Inc. (DBX) offers the better valuation at 17. 6x trailing P/E (8. 3x forward), making it the more compelling value choice. Analysts rate Dropbox, Inc. (DBX) a "Buy" — based on 16 analyst ratings — the highest consensus in this comparison. The "better buy" depends entirely on your goals: growth investors should weight revenue trajectory, value investors should weight P/E and PEG, and income investors should weight dividend yield and streak.
02Which has the better valuation — DBX or BOX?
On trailing P/E, Dropbox, Inc.
(DBX) is the cheapest at 17. 6x versus Box, Inc. at 41. 1x. On forward P/E, Dropbox, Inc. is actually cheaper at 8. 3x.
03Which is the better long-term investment — DBX or BOX?
Over the past 5 years, Box, Inc.
(BOX) delivered a total return of +16. 9%, compared to +0. 7% for Dropbox, Inc. (DBX). Over 10 years, the gap is even starker: BOX returned +106. 1% versus DBX's -13. 3%. Past returns do not guarantee future results, and the stock with the higher historical return may already have its best growth priced in.
04Which is safer — DBX or BOX?
By beta (market sensitivity over 5 years), Dropbox, Inc.
(DBX) is the lower-risk stock at 0. 44β versus Box, Inc. 's 0. 49β — meaning BOX is approximately 9% more volatile than DBX relative to the S&P 500.
05Which is growing faster — DBX or BOX?
By revenue growth (latest reported year), Box, Inc.
(BOX) is pulling ahead at 8. 0% versus 1. 9% for Dropbox, Inc. (DBX). On earnings-per-share growth, the picture is similar: Dropbox, Inc. grew EPS 6. 9% year-over-year, compared to -56. 6% for Box, Inc.. Over a 3-year CAGR, BOX leads at 5. 9% annualised revenue growth. Higher growth typically commands a higher valuation multiple — check whether the premium P/E or P/S is justified by the growth rate using the PEG ratio.
06Which has better profit margins — DBX or BOX?
Dropbox, Inc.
(DBX) is the more profitable company, earning 17. 7% net margin versus 8. 6% for Box, Inc. — meaning it keeps 17. 7% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: DBX leads at 19. 1% versus 7. 1% for BOX. At the gross margin level — before operating expenses — DBX leads at 82. 5%, reflecting greater pricing power or product mix advantage. Stronger margins indicate durable pricing power, lower cost of revenue, or higher mix of software/services. They are one of the clearest signs of business quality.
07Is DBX or BOX more undervalued right now?
On forward earnings alone, Dropbox, Inc.
(DBX) trades at 8. 3x forward P/E versus 18. 8x for Box, Inc. — 10. 6x cheaper on a one-year earnings basis. Analyst consensus price targets imply the most upside for BOX: 43. 0% to $34. 67.
08Which pays a better dividend — DBX or BOX?
In this comparison, BOX (0.
4% yield) pays a dividend. DBX does not pay a meaningful dividend and should not be held primarily for income.
09Is DBX or BOX better for a retirement portfolio?
For long-horizon retirement investors, Box, Inc.
(BOX) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (low volatility (β 0. 49), +106. 1% 10Y return). Both have compounded well over 10 years (BOX: +106. 1%, DBX: -13. 3%), confirming both are viable long-term holds — but the lower-volatility option typically results in less emotional selling during corrections. Retirement portfolios generally favour predictability over maximum returns. Consult a financial advisor before making allocation decisions.
10What are the main differences between DBX and BOX?
Both stocks operate in the Technology sector, making this a peer-level intra-sector comparison — the same macro tailwinds and headwinds will affect both.
In terms of investment character: DBX is a small-cap deep-value stock; BOX is a small-cap quality compounder stock. These fundamental differences mean investors should not choose between them on a single metric — the "better stock" depends entirely on which of these characteristics aligns with your investment strategy.
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