Box, Inc. (BOX) 10-Year Financial Performance & Capital Metrics

BOX •

TechnologyInfrastructure SoftwareContent collaboration and file sharing

AboutBox, Inc. provides a cloud content management platform that enables organizations of various sizes to manage and share their content from anywhere on any device. The company's Software-as-a-Service platform enables users to collaborate on content internally and with external parties, automate content-driven business processes, develop custom applications, and implement data protection, security, and compliance features to comply with legal and regulatory requirements, internal policies, and industry standards and regulations. It offers web, mobile, and desktop applications for cloud content management on a platform for developing custom applications, as well as industry-specific capabilities. As of January 31, 2022, the company had approximately 100,000 paying organizations, and its solution was offered in 25 languages. It serves financial services, health care, government, and legal services industries in the United States and internationally. The company was formerly known as Box.net, Inc. and changed its name to Box, Inc. in November 2011. Box, Inc. was incorporated in 2005 and is headquartered in San Francisco Bay Area, California.Show more

Revenue $1.09B +5.0%
EBITDA $102M -0.3%
Net Income $245M +89.6%
EPS (Diluted) 1.36 +103.0%
Gross Margin 79.08% +5.6%
EBITDA Margin 9.33% -5.0%
Operating Margin 7.31% +49.4%
Net Margin 22.44% +80.5%
ROE 189.4% -80.1%
ROIC 25.79% -18.1%
Debt/Equity 3.66 -54.6%
Interest Coverage 13.11

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Excellent 3Y average ROE of 569.6%
✓FCF machine: 30.2% free cash flow margin
✓High quality earnings: Operating CF exceeds net income

✗Weaknesses

✗High debt to equity ratio of 3.7x
✗Weak momentum: RS Rating 18 (bottom 18%)
✗Trading more than 30% below 52-week high
✗Expensive at 17.7x book value

Price & Volume

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Growth Metrics

Revenue CAGR

10Y17.55%

5Y9.38%

3Y7.63%

TTM7.21%

Profit (Net Income) CAGR

10Y-

5Y-

3Y-

TTM51.37%

EPS CAGR

10Y-

5Y-

3Y-

TTM47.95%

ROCE

10Y Avg-33.33%

5Y Avg3.59%

3Y Avg9.38%

Latest12.18%

Peer Comparison

Content collaboration and file sharing

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
ADBEAdobe Inc.	115.72B	262.41	21.23	10.8%	30%	61.34%	6.76%	0.43
SNCRSynchronoss Technologies, Inc.	103.56M	9.00	20.93	5.72%	-5.69%	-17.56%	12.9%	4.97
DBXDropbox, Inc.	1.94B	24.99	17.85	1.86%	20.17%		45%
BOXBox, Inc.	3.4B	23.55	17.32	5.05%	19.71%	108.45%	9.71%	3.66
CCSIConsensus Cloud Solutions, Inc.	633.4M	30.08	6.91	-0.2%	24.17%	6.14%	16.71%	42.14
KLTRKaltura, Inc.	216.09M	1.39	-6.62	2.02%	-7.1%	-72.43%	5.42%	2.15

Profit & Loss

	Jan 2016	Jan 2017	Jan 2018	Jan 2019	Jan 2020	Jan 2021	Jan 2022	Jan 2023	Jan 2024	Jan 2025
Sales/Revenue+	302.7M	398.61M	506.14M	608.39M	696.26M	770.77M	874.33M	990.87M	1.04B	1.09B
Revenue Growth %	39.86%	31.68%	26.98%	20.2%	14.44%	10.7%	13.44%	13.33%	4.73%	5.05%
Cost of Goods Sold+	87.1M	112.13M	135.25M	173.59M	215.58M	224.74M	249.48M	252.56M	260.61M	228.1M
COGS % of Revenue	28.77%	28.13%	26.72%	28.53%	30.96%	29.16%	28.53%	25.49%	25.11%	20.92%
Gross Profit+	215.6M	286.48M	370.89M	434.79M	480.69M	546.03M	624.85M	738.32M	777.13M	862.02M
Gross Margin %	71.23%	71.87%	73.28%	71.47%	69.04%	70.84%	71.47%	74.51%	74.89%	79.08%
Gross Profit Growth %	27.45%	32.87%	29.47%	17.23%	10.56%	13.59%	14.43%	18.16%	5.26%	10.92%
Operating Expenses+	416.61M	437.13M	524.91M	569.03M	620.16M	583.67M	652.47M	701.48M	726.38M	782.39M
OpEx % of Revenue	137.63%	109.66%	103.71%	93.53%	89.07%	75.73%	74.63%	70.79%	70%	71.77%
Selling, General & Admin	314.11M	321.2M	388.12M	405.28M	420.41M	382.41M	433.95M	457.95M	477.61M	517.54M
SG&A % of Revenue	103.77%	80.58%	76.68%	66.62%	60.38%	49.61%	49.63%	46.22%	46.02%	47.47%
Research & Development	102.5M	115.93M	136.79M	163.75M	199.75M	201.26M	218.52M	243.53M	248.77M	264.85M
R&D % of Revenue	33.86%	29.08%	27.03%	26.92%	28.69%	26.11%	24.99%	24.58%	23.97%	24.3%
Other Operating Expenses	-98K	678K	789K	1.34M	-1.13M	2.43M	0	0	0	0
Operating Income+	-201M	-150.66M	-154.02M	-134.24M	-139.47M	-35.22M	-27.63M	36.84M	50.75M	79.63M
Operating Margin %	-66.4%	-37.8%	-30.43%	-22.06%	-20.03%	-4.57%	-3.16%	3.72%	4.89%	7.31%
Operating Income Growth %	-20.61%	25.05%	-2.23%	12.85%	-3.9%	74.75%	21.55%	233.35%	37.77%	56.9%
EBITDA+	-144.79M	-110.5M	-113.91M	-87.92M	-81.27M	42.38M	53.62M	102.83M	101.99M	101.74M
EBITDA Margin %	-47.83%	-27.72%	-22.51%	-14.45%	-11.67%	5.5%	6.13%	10.38%	9.83%	9.33%
EBITDA Growth %	-5.2%	23.68%	-3.08%	22.82%	7.56%	152.15%	26.51%	91.76%	-0.81%	-0.25%
D&A (Non-Cash Add-back)	56.21M	40.15M	40.11M	46.32M	58.2M	77.6M	81.25M	65.99M	51.24M	22.1M
EBIT	-201.1M	-149.98M	-153.23M	-132.9M	-139.47M	-35.22M	-27.63M	36.84M	50.75M	91.23M
Net Interest Income+	-1.16M	-896K	-1.01M	-316K	-2.34M	-4.58M	-9.84M	-2.43M	11.83M	17.63M
Interest Income	0	0	0	0	0	2.43M	0	2.11M	11.83M	23.71M
Interest Expense	1.16M	896K	1.01M	316K	2.34M	7.01M	9.84M	0	0	6.08M
Other Income/Expense	-1.25M	-218K	-224K	1.02M	-3.47M	-4.58M	-9.84M	-2.43M	11.83M	5.53M
Pretax Income+	-202.26M	-150.87M	-154.25M	-133.21M	-142.94M	-42.23M	-37.46M	34.41M	62.59M	85.16M
Pretax Margin %	-66.82%	-37.85%	-30.47%	-21.9%	-20.53%	-5.48%	-4.28%	3.47%	6.03%	7.81%
Income Tax+	690K	914K	715K	1.4M	1.41M	1.21M	4M	7.62M	-66.45M	-159.46M
Effective Tax Rate %	100.34%	100.61%	100.46%	101.05%	100.99%	102.86%	110.66%	77.84%	206.17%	287.25%
Net Income+	-202.95M	-151.79M	-154.96M	-134.61M	-144.35M	-43.43M	-41.46M	26.78M	129.03M	244.62M
Net Margin %	-67.05%	-38.08%	-30.62%	-22.13%	-20.73%	-5.63%	-4.74%	2.7%	12.43%	22.44%
Net Income Growth %	-20.64%	25.21%	-2.09%	13.13%	-7.23%	69.91%	4.54%	164.6%	381.77%	89.58%
Net Income (Continuing)	-202.95M	-151.79M	-154.96M	-134.61M	-144.35M	-43.43M	-41.46M	26.78M	129.03M	244.62M
Discontinued Operations	0	0	0	0	0	0	0	0	0	0
Minority Interest	0	0	0	0	0	0	0	0	0	0
EPS (Diluted)+	-1.67	-1.19	-1.16	-0.95	-0.98	-0.28	-0.27	0.18	0.67	1.36
EPS Growth %	-18.44%	28.74%	2.52%	18.1%	-3.16%	71.43%	3.57%	166.67%	272.22%	102.99%
EPS (Basic)	-1.67	-1.19	-1.16	-0.95	-0.98	-0.28	-0.27	0.19	0.69	1.40
Diluted Shares Outstanding	121.24M	127.47M	133.93M	141.35M	147.76M	155.85M	155.6M	150.19M	148.59M	148.64M
Basic Shares Outstanding	121.24M	127.47M	133.93M	141.35M	147.76M	155.85M	155.6M	143.59M	144.2M	144.23M
Dividend Payout Ratio	-	-	-	-	-	-	-	-	-	6.13%

Balance Sheet

	Jan 2016	Jan 2017	Jan 2018	Jan 2019	Jan 2020	Jan 2021	Jan 2022	Jan 2023	Jan 2024	Jan 2025
Total Current Assets+	319.99M	322.1M	399.19M	428.55M	457.73M	879.29M	916.56M	806.76M	842.18M	1.1B
Cash & Short-Term Investments	193.12M	177.39M	208.08M	217.52M	195.59M	595.08M	586.27M	461.25M	480.69M	722.82M
Cash Only	185.74M	177.39M	208.08M	217.52M	195.59M	595.08M	416.27M	428.46M	383.74M	624.58M
Short-Term Investments	7.38M	0	0	0	0	0	170M	32.78M	96.95M	98.24M
Accounts Receivable	102.57M	120.11M	162.13M	175.13M	209.43M	228.31M	256.31M	264.51M	281.49M	292.71M
Days Sales Outstanding	123.67	109.99	116.92	105.07	109.79	108.12	107	97.44	99.01	98
Inventory	0	0	0	0	0	0	0	0	0	0
Days Inventory Outstanding	-	-	-	-	-	-	-	-	-	-
Other Current Assets	15.9M	15.34M	20.49M	24.92M	35.09M	39.11M	46.02M	81M	80M	82.26M
Total Non-Current Assets+	177.49M	171.57M	154.38M	221.61M	502.26M	472.4M	475.44M	400.4M	398.98M	569.74M
Property, Plant & Equipment	120.49M	117.18M	123.98M	137.7M	388.78M	354.4M	278.56M	201.14M	99.35M	77.97M
Fixed Asset Turnover	2.51x	3.40x	4.08x	4.42x	1.79x	2.17x	3.14x	4.93x	10.44x	13.98x
Goodwill	14.3M	16.29M	16.29M	18.74M	18.74M	18.74M	74.47M	73.86M	76.75M	76.97M
Intangible Assets	3.9M	543K	24K	3.51M	25.11M	24.82M	17.71M	39.17M	46.77M	74.51M
Long-Term Investments	0	0	0	0	0	0	0	0	0	0
Other Non-Current Assets	38.81M	37.56M	14.08M	61.65M	69.63M	74.44M	104.71M	86.22M	100.44M	94.88M
Total Assets+	497.49M	493.67M	553.57M	650.16M	959.99M	1.35B	1.39B	1.21B	1.24B	1.67B
Asset Turnover	0.61x	0.81x	0.91x	0.94x	0.73x	0.57x	0.63x	0.82x	0.84x	0.65x
Asset Growth %	0.98%	-0.77%	12.13%	17.45%	47.65%	40.8%	2.98%	-13.28%	2.82%	34.35%
Total Current Liabilities+	250.47M	297.94M	393.97M	463.2M	577.43M	612.84M	718.98M	715.83M	679.28M	922.08M
Accounts Payable	9.86M	6.66M	17.04M	15.43M	16.75M	4.55M	58.94M	79.81M	79.55M	80.07M
Days Payables Outstanding	41.33	21.67	45.98	32.45	28.36	7.38	86.23	115.34	111.41	128.12
Short-Term Debt	0	0	0	0	0	0	0	0	0	203.91M
Deferred Revenue (Current)	168.05M	228.66M	291.9M	353.59M	407.49M	443.93M	519.49M	544.18M	562.86M	588.38M
Other Current Liabilities	35.93M	31.17M	39.99M	34.48M	32.52M	39.12M	54.7M	44.09M	10.06M	49.72M
Current Ratio	1.28x	1.08x	1.01x	0.93x	0.79x	1.43x	1.27x	1.13x	1.24x	1.19x
Quick Ratio	1.28x	1.08x	1.01x	0.93x	0.79x	1.43x	1.27x	1.13x	1.24x	1.19x
Cash Conversion Cycle	-	-	-	-	-	-	-	-	-	-
Total Non-Current Liabilities+	109.12M	121M	144.63M	155.56M	360.2M	587.78M	1.07B	525.2M	500.85M	548.17M
Long-Term Debt	40M	40M	40M	40M	40M	297.61M	367.46M	369.35M	370.82M	448.64M
Capital Lease Obligations	7.32M	21.7M	26.98M	44.6M	289.57M	252.88M	168.19M	118M	94.17M	68.77M
Deferred Tax Liabilities	0	0	0	0	0	0	0	0	0	0
Other Non-Current Liabilities	43.44M	45.98M	48.63M	49.51M	14.28M	15.6M	517.71M	37.85M	35.86M	30.76M
Total Liabilities	359.59M	418.94M	538.6M	618.76M	937.63M	1.2B	1.79B	1.24B	1.18B	1.47B
Total Debt+	52.01M	75.44M	85.82M	112.91M	424.54M	648.15M	621.5M	535.1M	491.8M	721.32M
Net Debt	-133.73M	-101.95M	-122.25M	-104.6M	228.96M	53.07M	205.22M	106.64M	108.06M	96.74M
Debt / Equity	0.38x	1.01x	5.73x	3.60x	18.99x	4.29x	-	-	8.06x	3.66x
Debt / EBITDA	-	-	-	-	-	15.29x	11.59x	5.20x	4.82x	7.09x
Net Debt / EBITDA	-	-	-	-	-	1.25x	3.83x	1.04x	1.06x	0.95x
Interest Coverage	-173.73x	-168.14x	-152.04x	-424.80x	-59.65x	-5.02x	-2.81x	-	-	13.11x
Total Equity+	137.9M	74.73M	14.97M	31.41M	22.36M	151.06M	-395.09M	-33.86M	61.03M	197.28M
Equity Growth %	-48.57%	-45.81%	-79.97%	109.81%	-28.81%	575.69%	-361.53%	91.43%	280.25%	223.23%
Book Value per Share	1.14	0.59	0.11	0.22	0.15	0.97	-2.54	-0.23	0.41	1.33
Total Shareholders' Equity	137.9M	74.73M	14.97M	31.41M	22.36M	151.06M	-395.09M	-33.86M	61.03M	197.28M
Common Stock	12K	13K	13K	14K	15K	16K	15K	14K	14K	14K
Retained Earnings	-732.34M	-884.13M	-1.04B	-1.13B	-1.28B	-1.32B	-1.36B	-1.34B	-1.21B	-962.14M
Treasury Stock	-1.18M	-1.18M	-1.18M	-1.18M	-1.18M	-1.18M	0	0	0	0
Accumulated OCI	-84K	-120K	288K	23K	-307K	-938K	-4.54M	-7.07M	-9.69M	-11.92M
Minority Interest	0	0	0	0	0	0	0	0	0	0

Cash Flow

	Jan 2016	Jan 2017	Jan 2018	Jan 2019	Jan 2020	Jan 2021	Jan 2022	Jan 2023	Jan 2024	Jan 2025
Cash from Operations+	-66.32M	-1.22M	61.82M	55.32M	44.71M	196.83M	234.82M	297.98M	318.73M	332.26M
Operating CF Margin %	-21.91%	-0.31%	12.21%	9.09%	6.42%	25.54%	26.86%	30.07%	30.71%	30.48%
Operating CF Growth %	21.88%	98.16%	5175.7%	-10.52%	-19.18%	340.22%	19.3%	26.9%	6.96%	4.25%
Net Income	-202.95M	-151.79M	-154.96M	-134.61M	-144.35M	-43.43M	-41.46M	26.78M	129.03M	244.62M
Depreciation & Amortization	40.39M	40.15M	40.11M	46.32M	59.42M	75.48M	78.23M	65.99M	51.24M	22.1M
Stock-Based Compensation	59.5M	78.37M	97.48M	119.3M	145.99M	154.29M	178.97M	185.63M	198.78M	219M
Deferred Taxes	0	0	0	-1.45M	47K	0	-1.91M	1.65M	-75.29M	-171.22M
Other Non-Cash Items	16.91M	18.37M	21.38M	17.33M	25.73M	37.12M	50.64M	54.19M	56.7M	17.75M
Working Capital Changes	19.82M	13.67M	57.81M	8.44M	-42.13M	-26.63M	-29.66M	-36.26M	-41.74M	0
Change in Receivables	-45.37M	-20.57M	-42.02M	-12.41M	-34.3M	-18.88M	-27.22M	-8.93M	-21.88M	-14.48M
Change in Inventory	-7.77M	-3.18M	36.92M	-7.71M	-12.57M	10.83M	0	0	0	0
Change in Payables	-4.02M	-1.09M	6.9M	1.66M	-100K	-12.3M	15.32M	-252K	-1.18M	6.39M
Cash from Investing+	-80.86M	-7.57M	-11.71M	-16.15M	-13.3M	-16.38M	-239.37M	120.6M	-82.79M	-23.21M
Capital Expenditures	-73.21M	-14.96M	-11.82M	-17.57M	-13.41M	-16.49M	-10.49M	-16.5M	-1.84M	-2.57M
CapEx % of Revenue	24.19%	3.75%	2.34%	2.89%	1.93%	2.14%	1.2%	1.66%	0.18%	0.24%
Acquisitions	-198K	87K	107K	-458K	8K	0	-59.4M	0	-2.73M	0
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	-198K	87K	107K	-2.76M	8K	107K	514K	-815K	-16.75M	-22.76M
Cash from Financing+	2.51M	479K	-19.83M	-29.57M	-53.42M	218.68M	-172.86M	-396.5M	-272.9M	-62.36M
Debt Issued (Net)	-2.18M	-8.78M	-16.12M	-23.93M	-38.54M	238.58M	-51.04M	-40.35M	-30.18M	223.94M
Equity Issued (Net)	-1000K	0	0	0	1000K	0	-1000K	-1000K	-1000K	-1000K
Dividends Paid	0	0	0	0	0	0	-9.62M	-15.06M	-14.94M	-15M
Share Repurchases	-10.44M	-17.55M	-34.78M	21.86M	0	-48.76M	-561.57M	-274.17M	-177.13M	-211.06M
Other Financing	6.86M	9.26M	-3.71M	-5.64M	-44.26M	-19.91M	-35.71M	-66.81M	-78.85M	-60.24M
Net Change in Cash	-144.69M	-8.35M	30.68M	9.33M	-22.17M	399.93M	-178.62M	12.15M	-44.78M	241.85M
Free Cash Flow+	-139.53M	-16.17M	50M	37.75M	31.3M	180.34M	224.33M	281.49M	300.32M	329.68M
FCF Margin %	-46.09%	-4.06%	9.88%	6.21%	4.5%	23.4%	25.66%	28.41%	28.94%	30.24%
FCF Growth %	-12.72%	88.41%	409.14%	-24.5%	-17.08%	476.11%	24.39%	25.48%	6.69%	9.78%
FCF per Share	-1.15	-0.13	0.37	0.27	0.21	1.16	1.44	1.87	2.02	2.22
FCF Conversion (FCF/Net Income)	0.33x	0.01x	-0.40x	-0.41x	-0.31x	-4.53x	-5.66x	11.13x	2.47x	1.36x
Interest Paid	1.18M	1.24M	1.94M	2.58M	5.55M	7.48M	4.69M	2.75M	1.68M	0
Taxes Paid	832K	239K	1.26M	1.6M	2.83M	1.47M	2.01M	7.04M	8.45M	13.65M

Key Ratios

Metric	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Return on Equity (ROE)	-99.97%	-142.77%	-345.51%	-580.56%	-536.99%	-50.09%	-	-	949.74%	189.4%
Return on Invested Capital (ROIC)	-3611.7%	-	-	-	-117.46%	-11.6%	-290.29%	37.96%	31.48%	25.79%
Gross Margin	71.23%	71.87%	73.28%	71.47%	69.04%	70.84%	71.47%	74.51%	74.89%	79.08%
Net Margin	-67.05%	-38.08%	-30.62%	-22.13%	-20.73%	-5.63%	-4.74%	2.7%	12.43%	22.44%
Debt / Equity	0.38x	1.01x	5.73x	3.60x	18.99x	4.29x	-	-	8.06x	3.66x
Interest Coverage	-173.73x	-168.14x	-152.04x	-424.80x	-59.65x	-5.02x	-2.81x	-	-	13.11x
FCF Conversion	0.33x	0.01x	-0.40x	-0.41x	-0.31x	-4.53x	-5.66x	11.13x	2.47x	1.36x
Revenue Growth	39.86%	31.68%	26.98%	20.2%	14.44%	10.7%	13.44%	13.33%	4.73%	5.05%

US Stock Screener

...

Box, Inc. (BOX) 10-Year Financial Performance & Capital Metrics

BOX •

TechnologyInfrastructure SoftwareContent collaboration and file sharing

Revenue $1.09B +5.0%
EBITDA $102M -0.3%
Net Income $245M +89.6%
EPS (Diluted) 1.36 +103.0%
Gross Margin 79.08% +5.6%
EBITDA Margin 9.33% -5.0%
Operating Margin 7.31% +49.4%
Net Margin 22.44% +80.5%
ROE 189.4% -80.1%
ROIC 25.79% -18.1%
Debt/Equity 3.66 -54.6%
Interest Coverage 13.11

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Excellent 3Y average ROE of 569.6%
✓FCF machine: 30.2% free cash flow margin
✓High quality earnings: Operating CF exceeds net income

✗Weaknesses

✗High debt to equity ratio of 3.7x
✗Weak momentum: RS Rating 18 (bottom 18%)
✗Trading more than 30% below 52-week high
✗Expensive at 17.7x book value

Price & Volume

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Growth Metrics

Revenue CAGR

10Y17.55%

5Y9.38%

3Y7.63%

TTM7.21%

Profit (Net Income) CAGR

10Y-

5Y-

3Y-

TTM51.37%

EPS CAGR

10Y-

5Y-

3Y-

TTM47.95%

ROCE

10Y Avg-33.33%

5Y Avg3.59%

3Y Avg9.38%

Latest12.18%

Peer Comparison

Content collaboration and file sharing

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
ADBEAdobe Inc.	115.72B	262.41	21.23	10.8%	30%	61.34%	6.76%	0.43
SNCRSynchronoss Technologies, Inc.	103.56M	9.00	20.93	5.72%	-5.69%	-17.56%	12.9%	4.97
DBXDropbox, Inc.	1.94B	24.99	17.85	1.86%	20.17%		45%
BOXBox, Inc.	3.4B	23.55	17.32	5.05%	19.71%	108.45%	9.71%	3.66
CCSIConsensus Cloud Solutions, Inc.	633.4M	30.08	6.91	-0.2%	24.17%	6.14%	16.71%	42.14
KLTRKaltura, Inc.	216.09M	1.39	-6.62	2.02%	-7.1%	-72.43%	5.42%	2.15

Profit & Loss

	Jan 2016	Jan 2017	Jan 2018	Jan 2019	Jan 2020	Jan 2021	Jan 2022	Jan 2023	Jan 2024	Jan 2025
Sales/Revenue+	302.7M	398.61M	506.14M	608.39M	696.26M	770.77M	874.33M	990.87M	1.04B	1.09B
Revenue Growth %	39.86%	31.68%	26.98%	20.2%	14.44%	10.7%	13.44%	13.33%	4.73%	5.05%
Cost of Goods Sold+	87.1M	112.13M	135.25M	173.59M	215.58M	224.74M	249.48M	252.56M	260.61M	228.1M
COGS % of Revenue	28.77%	28.13%	26.72%	28.53%	30.96%	29.16%	28.53%	25.49%	25.11%	20.92%
Gross Profit+	215.6M	286.48M	370.89M	434.79M	480.69M	546.03M	624.85M	738.32M	777.13M	862.02M
Gross Margin %	71.23%	71.87%	73.28%	71.47%	69.04%	70.84%	71.47%	74.51%	74.89%	79.08%
Gross Profit Growth %	27.45%	32.87%	29.47%	17.23%	10.56%	13.59%	14.43%	18.16%	5.26%	10.92%
Operating Expenses+	416.61M	437.13M	524.91M	569.03M	620.16M	583.67M	652.47M	701.48M	726.38M	782.39M
OpEx % of Revenue	137.63%	109.66%	103.71%	93.53%	89.07%	75.73%	74.63%	70.79%	70%	71.77%
Selling, General & Admin	314.11M	321.2M	388.12M	405.28M	420.41M	382.41M	433.95M	457.95M	477.61M	517.54M
SG&A % of Revenue	103.77%	80.58%	76.68%	66.62%	60.38%	49.61%	49.63%	46.22%	46.02%	47.47%
Research & Development	102.5M	115.93M	136.79M	163.75M	199.75M	201.26M	218.52M	243.53M	248.77M	264.85M
R&D % of Revenue	33.86%	29.08%	27.03%	26.92%	28.69%	26.11%	24.99%	24.58%	23.97%	24.3%
Other Operating Expenses	-98K	678K	789K	1.34M	-1.13M	2.43M	0	0	0	0
Operating Income+	-201M	-150.66M	-154.02M	-134.24M	-139.47M	-35.22M	-27.63M	36.84M	50.75M	79.63M
Operating Margin %	-66.4%	-37.8%	-30.43%	-22.06%	-20.03%	-4.57%	-3.16%	3.72%	4.89%	7.31%
Operating Income Growth %	-20.61%	25.05%	-2.23%	12.85%	-3.9%	74.75%	21.55%	233.35%	37.77%	56.9%
EBITDA+	-144.79M	-110.5M	-113.91M	-87.92M	-81.27M	42.38M	53.62M	102.83M	101.99M	101.74M
EBITDA Margin %	-47.83%	-27.72%	-22.51%	-14.45%	-11.67%	5.5%	6.13%	10.38%	9.83%	9.33%
EBITDA Growth %	-5.2%	23.68%	-3.08%	22.82%	7.56%	152.15%	26.51%	91.76%	-0.81%	-0.25%
D&A (Non-Cash Add-back)	56.21M	40.15M	40.11M	46.32M	58.2M	77.6M	81.25M	65.99M	51.24M	22.1M
EBIT	-201.1M	-149.98M	-153.23M	-132.9M	-139.47M	-35.22M	-27.63M	36.84M	50.75M	91.23M
Net Interest Income+	-1.16M	-896K	-1.01M	-316K	-2.34M	-4.58M	-9.84M	-2.43M	11.83M	17.63M
Interest Income	0	0	0	0	0	2.43M	0	2.11M	11.83M	23.71M
Interest Expense	1.16M	896K	1.01M	316K	2.34M	7.01M	9.84M	0	0	6.08M
Other Income/Expense	-1.25M	-218K	-224K	1.02M	-3.47M	-4.58M	-9.84M	-2.43M	11.83M	5.53M
Pretax Income+	-202.26M	-150.87M	-154.25M	-133.21M	-142.94M	-42.23M	-37.46M	34.41M	62.59M	85.16M
Pretax Margin %	-66.82%	-37.85%	-30.47%	-21.9%	-20.53%	-5.48%	-4.28%	3.47%	6.03%	7.81%
Income Tax+	690K	914K	715K	1.4M	1.41M	1.21M	4M	7.62M	-66.45M	-159.46M
Effective Tax Rate %	100.34%	100.61%	100.46%	101.05%	100.99%	102.86%	110.66%	77.84%	206.17%	287.25%
Net Income+	-202.95M	-151.79M	-154.96M	-134.61M	-144.35M	-43.43M	-41.46M	26.78M	129.03M	244.62M
Net Margin %	-67.05%	-38.08%	-30.62%	-22.13%	-20.73%	-5.63%	-4.74%	2.7%	12.43%	22.44%
Net Income Growth %	-20.64%	25.21%	-2.09%	13.13%	-7.23%	69.91%	4.54%	164.6%	381.77%	89.58%
Net Income (Continuing)	-202.95M	-151.79M	-154.96M	-134.61M	-144.35M	-43.43M	-41.46M	26.78M	129.03M	244.62M
Discontinued Operations	0	0	0	0	0	0	0	0	0	0
Minority Interest	0	0	0	0	0	0	0	0	0	0
EPS (Diluted)+	-1.67	-1.19	-1.16	-0.95	-0.98	-0.28	-0.27	0.18	0.67	1.36
EPS Growth %	-18.44%	28.74%	2.52%	18.1%	-3.16%	71.43%	3.57%	166.67%	272.22%	102.99%
EPS (Basic)	-1.67	-1.19	-1.16	-0.95	-0.98	-0.28	-0.27	0.19	0.69	1.40
Diluted Shares Outstanding	121.24M	127.47M	133.93M	141.35M	147.76M	155.85M	155.6M	150.19M	148.59M	148.64M
Basic Shares Outstanding	121.24M	127.47M	133.93M	141.35M	147.76M	155.85M	155.6M	143.59M	144.2M	144.23M
Dividend Payout Ratio	-	-	-	-	-	-	-	-	-	6.13%

Balance Sheet

	Jan 2016	Jan 2017	Jan 2018	Jan 2019	Jan 2020	Jan 2021	Jan 2022	Jan 2023	Jan 2024	Jan 2025
Total Current Assets+	319.99M	322.1M	399.19M	428.55M	457.73M	879.29M	916.56M	806.76M	842.18M	1.1B
Cash & Short-Term Investments	193.12M	177.39M	208.08M	217.52M	195.59M	595.08M	586.27M	461.25M	480.69M	722.82M
Cash Only	185.74M	177.39M	208.08M	217.52M	195.59M	595.08M	416.27M	428.46M	383.74M	624.58M
Short-Term Investments	7.38M	0	0	0	0	0	170M	32.78M	96.95M	98.24M
Accounts Receivable	102.57M	120.11M	162.13M	175.13M	209.43M	228.31M	256.31M	264.51M	281.49M	292.71M
Days Sales Outstanding	123.67	109.99	116.92	105.07	109.79	108.12	107	97.44	99.01	98
Inventory	0	0	0	0	0	0	0	0	0	0
Days Inventory Outstanding	-	-	-	-	-	-	-	-	-	-
Other Current Assets	15.9M	15.34M	20.49M	24.92M	35.09M	39.11M	46.02M	81M	80M	82.26M
Total Non-Current Assets+	177.49M	171.57M	154.38M	221.61M	502.26M	472.4M	475.44M	400.4M	398.98M	569.74M
Property, Plant & Equipment	120.49M	117.18M	123.98M	137.7M	388.78M	354.4M	278.56M	201.14M	99.35M	77.97M
Fixed Asset Turnover	2.51x	3.40x	4.08x	4.42x	1.79x	2.17x	3.14x	4.93x	10.44x	13.98x
Goodwill	14.3M	16.29M	16.29M	18.74M	18.74M	18.74M	74.47M	73.86M	76.75M	76.97M
Intangible Assets	3.9M	543K	24K	3.51M	25.11M	24.82M	17.71M	39.17M	46.77M	74.51M
Long-Term Investments	0	0	0	0	0	0	0	0	0	0
Other Non-Current Assets	38.81M	37.56M	14.08M	61.65M	69.63M	74.44M	104.71M	86.22M	100.44M	94.88M
Total Assets+	497.49M	493.67M	553.57M	650.16M	959.99M	1.35B	1.39B	1.21B	1.24B	1.67B
Asset Turnover	0.61x	0.81x	0.91x	0.94x	0.73x	0.57x	0.63x	0.82x	0.84x	0.65x
Asset Growth %	0.98%	-0.77%	12.13%	17.45%	47.65%	40.8%	2.98%	-13.28%	2.82%	34.35%
Total Current Liabilities+	250.47M	297.94M	393.97M	463.2M	577.43M	612.84M	718.98M	715.83M	679.28M	922.08M
Accounts Payable	9.86M	6.66M	17.04M	15.43M	16.75M	4.55M	58.94M	79.81M	79.55M	80.07M
Days Payables Outstanding	41.33	21.67	45.98	32.45	28.36	7.38	86.23	115.34	111.41	128.12
Short-Term Debt	0	0	0	0	0	0	0	0	0	203.91M
Deferred Revenue (Current)	168.05M	228.66M	291.9M	353.59M	407.49M	443.93M	519.49M	544.18M	562.86M	588.38M
Other Current Liabilities	35.93M	31.17M	39.99M	34.48M	32.52M	39.12M	54.7M	44.09M	10.06M	49.72M
Current Ratio	1.28x	1.08x	1.01x	0.93x	0.79x	1.43x	1.27x	1.13x	1.24x	1.19x
Quick Ratio	1.28x	1.08x	1.01x	0.93x	0.79x	1.43x	1.27x	1.13x	1.24x	1.19x
Cash Conversion Cycle	-	-	-	-	-	-	-	-	-	-
Total Non-Current Liabilities+	109.12M	121M	144.63M	155.56M	360.2M	587.78M	1.07B	525.2M	500.85M	548.17M
Long-Term Debt	40M	40M	40M	40M	40M	297.61M	367.46M	369.35M	370.82M	448.64M
Capital Lease Obligations	7.32M	21.7M	26.98M	44.6M	289.57M	252.88M	168.19M	118M	94.17M	68.77M
Deferred Tax Liabilities	0	0	0	0	0	0	0	0	0	0
Other Non-Current Liabilities	43.44M	45.98M	48.63M	49.51M	14.28M	15.6M	517.71M	37.85M	35.86M	30.76M
Total Liabilities	359.59M	418.94M	538.6M	618.76M	937.63M	1.2B	1.79B	1.24B	1.18B	1.47B
Total Debt+	52.01M	75.44M	85.82M	112.91M	424.54M	648.15M	621.5M	535.1M	491.8M	721.32M
Net Debt	-133.73M	-101.95M	-122.25M	-104.6M	228.96M	53.07M	205.22M	106.64M	108.06M	96.74M
Debt / Equity	0.38x	1.01x	5.73x	3.60x	18.99x	4.29x	-	-	8.06x	3.66x
Debt / EBITDA	-	-	-	-	-	15.29x	11.59x	5.20x	4.82x	7.09x
Net Debt / EBITDA	-	-	-	-	-	1.25x	3.83x	1.04x	1.06x	0.95x
Interest Coverage	-173.73x	-168.14x	-152.04x	-424.80x	-59.65x	-5.02x	-2.81x	-	-	13.11x
Total Equity+	137.9M	74.73M	14.97M	31.41M	22.36M	151.06M	-395.09M	-33.86M	61.03M	197.28M
Equity Growth %	-48.57%	-45.81%	-79.97%	109.81%	-28.81%	575.69%	-361.53%	91.43%	280.25%	223.23%
Book Value per Share	1.14	0.59	0.11	0.22	0.15	0.97	-2.54	-0.23	0.41	1.33
Total Shareholders' Equity	137.9M	74.73M	14.97M	31.41M	22.36M	151.06M	-395.09M	-33.86M	61.03M	197.28M
Common Stock	12K	13K	13K	14K	15K	16K	15K	14K	14K	14K
Retained Earnings	-732.34M	-884.13M	-1.04B	-1.13B	-1.28B	-1.32B	-1.36B	-1.34B	-1.21B	-962.14M
Treasury Stock	-1.18M	-1.18M	-1.18M	-1.18M	-1.18M	-1.18M	0	0	0	0
Accumulated OCI	-84K	-120K	288K	23K	-307K	-938K	-4.54M	-7.07M	-9.69M	-11.92M
Minority Interest	0	0	0	0	0	0	0	0	0	0

Cash Flow

	Jan 2016	Jan 2017	Jan 2018	Jan 2019	Jan 2020	Jan 2021	Jan 2022	Jan 2023	Jan 2024	Jan 2025
Cash from Operations+	-66.32M	-1.22M	61.82M	55.32M	44.71M	196.83M	234.82M	297.98M	318.73M	332.26M
Operating CF Margin %	-21.91%	-0.31%	12.21%	9.09%	6.42%	25.54%	26.86%	30.07%	30.71%	30.48%
Operating CF Growth %	21.88%	98.16%	5175.7%	-10.52%	-19.18%	340.22%	19.3%	26.9%	6.96%	4.25%
Net Income	-202.95M	-151.79M	-154.96M	-134.61M	-144.35M	-43.43M	-41.46M	26.78M	129.03M	244.62M
Depreciation & Amortization	40.39M	40.15M	40.11M	46.32M	59.42M	75.48M	78.23M	65.99M	51.24M	22.1M
Stock-Based Compensation	59.5M	78.37M	97.48M	119.3M	145.99M	154.29M	178.97M	185.63M	198.78M	219M
Deferred Taxes	0	0	0	-1.45M	47K	0	-1.91M	1.65M	-75.29M	-171.22M
Other Non-Cash Items	16.91M	18.37M	21.38M	17.33M	25.73M	37.12M	50.64M	54.19M	56.7M	17.75M
Working Capital Changes	19.82M	13.67M	57.81M	8.44M	-42.13M	-26.63M	-29.66M	-36.26M	-41.74M	0
Change in Receivables	-45.37M	-20.57M	-42.02M	-12.41M	-34.3M	-18.88M	-27.22M	-8.93M	-21.88M	-14.48M
Change in Inventory	-7.77M	-3.18M	36.92M	-7.71M	-12.57M	10.83M	0	0	0	0
Change in Payables	-4.02M	-1.09M	6.9M	1.66M	-100K	-12.3M	15.32M	-252K	-1.18M	6.39M
Cash from Investing+	-80.86M	-7.57M	-11.71M	-16.15M	-13.3M	-16.38M	-239.37M	120.6M	-82.79M	-23.21M
Capital Expenditures	-73.21M	-14.96M	-11.82M	-17.57M	-13.41M	-16.49M	-10.49M	-16.5M	-1.84M	-2.57M
CapEx % of Revenue	24.19%	3.75%	2.34%	2.89%	1.93%	2.14%	1.2%	1.66%	0.18%	0.24%
Acquisitions	-198K	87K	107K	-458K	8K	0	-59.4M	0	-2.73M	0
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	-198K	87K	107K	-2.76M	8K	107K	514K	-815K	-16.75M	-22.76M
Cash from Financing+	2.51M	479K	-19.83M	-29.57M	-53.42M	218.68M	-172.86M	-396.5M	-272.9M	-62.36M
Debt Issued (Net)	-2.18M	-8.78M	-16.12M	-23.93M	-38.54M	238.58M	-51.04M	-40.35M	-30.18M	223.94M
Equity Issued (Net)	-1000K	0	0	0	1000K	0	-1000K	-1000K	-1000K	-1000K
Dividends Paid	0	0	0	0	0	0	-9.62M	-15.06M	-14.94M	-15M
Share Repurchases	-10.44M	-17.55M	-34.78M	21.86M	0	-48.76M	-561.57M	-274.17M	-177.13M	-211.06M
Other Financing	6.86M	9.26M	-3.71M	-5.64M	-44.26M	-19.91M	-35.71M	-66.81M	-78.85M	-60.24M
Net Change in Cash	-144.69M	-8.35M	30.68M	9.33M	-22.17M	399.93M	-178.62M	12.15M	-44.78M	241.85M
Free Cash Flow+	-139.53M	-16.17M	50M	37.75M	31.3M	180.34M	224.33M	281.49M	300.32M	329.68M
FCF Margin %	-46.09%	-4.06%	9.88%	6.21%	4.5%	23.4%	25.66%	28.41%	28.94%	30.24%
FCF Growth %	-12.72%	88.41%	409.14%	-24.5%	-17.08%	476.11%	24.39%	25.48%	6.69%	9.78%
FCF per Share	-1.15	-0.13	0.37	0.27	0.21	1.16	1.44	1.87	2.02	2.22
FCF Conversion (FCF/Net Income)	0.33x	0.01x	-0.40x	-0.41x	-0.31x	-4.53x	-5.66x	11.13x	2.47x	1.36x
Interest Paid	1.18M	1.24M	1.94M	2.58M	5.55M	7.48M	4.69M	2.75M	1.68M	0
Taxes Paid	832K	239K	1.26M	1.6M	2.83M	1.47M	2.01M	7.04M	8.45M	13.65M

Key Ratios

Metric	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Return on Equity (ROE)	-99.97%	-142.77%	-345.51%	-580.56%	-536.99%	-50.09%	-	-	949.74%	189.4%
Return on Invested Capital (ROIC)	-3611.7%	-	-	-	-117.46%	-11.6%	-290.29%	37.96%	31.48%	25.79%
Gross Margin	71.23%	71.87%	73.28%	71.47%	69.04%	70.84%	71.47%	74.51%	74.89%	79.08%
Net Margin	-67.05%	-38.08%	-30.62%	-22.13%	-20.73%	-5.63%	-4.74%	2.7%	12.43%	22.44%
Debt / Equity	0.38x	1.01x	5.73x	3.60x	18.99x	4.29x	-	-	8.06x	3.66x
Interest Coverage	-173.73x	-168.14x	-152.04x	-424.80x	-59.65x	-5.02x	-2.81x	-	-	13.11x
FCF Conversion	0.33x	0.01x	-0.40x	-0.41x	-0.31x	-4.53x	-5.66x	11.13x	2.47x	1.36x
Revenue Growth	39.86%	31.68%	26.98%	20.2%	14.44%	10.7%	13.44%	13.33%	4.73%	5.05%

Box, Inc. (BOX) 10-Year Financial Performance & Capital Metrics

Key Insights

✓Strengths

✗Weaknesses

Price & Volume

Growth Metrics

Revenue CAGR

Profit (Net Income) CAGR

EPS CAGR

ROCE

Peer Comparison

Compare BOX vs Peers

vs ADBE

vs DBX

Compare Top 5

Profit & Loss

Balance Sheet

Cash Flow

Key Ratios

Deep Dive Analysis

Valuation Overview

Total Return Calculator

Dividend History

Earnings History

Price History

Revenue History

Financial Ratios

Box, Inc. (BOX) 10-Year Financial Performance & Capital Metrics

Key Insights

✓Strengths

✗Weaknesses

Price & Volume

Growth Metrics

Revenue CAGR

Profit (Net Income) CAGR

EPS CAGR

ROCE

Peer Comparison

Compare BOX vs Peers

vs ADBE

vs DBX

Compare Top 5

Profit & Loss

Balance Sheet

Cash Flow

Key Ratios

Deep Dive Analysis

Valuation Overview

Total Return Calculator

Dividend History

Earnings History

Price History

Revenue History

Financial Ratios