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

BOX • • Industrial / General
TechnologyInfrastructure SoftwareCloud Infrastructure & Data ManagementCloud Storage & Content Management
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
  • ✗Expensive at 21.2x book value

* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.

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

Cloud Storage & Content Management
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Sector-Specific
NameMarket CapCurrent PriceP/E RatioRevenue Growth 1YNet MarginROEFCF YieldDebt/Equity
ADBEAdobe Inc.129.74B309.9325.0810.8%30%61.34%6.03%0.43
BOXBox, Inc.4.04B28.1920.735.05%19.71%108.45%8.17%3.66
SNCRSynchronoss Technologies, Inc.99.76M8.6720.165.72%-5.69%-17.56%13.39%4.97
DBXDropbox, Inc.4.67B26.7519.111.86%19.87%18.68%
CCSIConsensus Cloud Solutions, Inc.430.29M22.644.91-3.36%23.48%20.52%
TAOPTaoping Inc.12.47M1.35-3.38-5.08%-4.96%-11.46%0.50
BLZEBackblaze, Inc.284.93M4.94-4.4525.1%-24.37%-41.74%3.79%0.60
KLTRKaltura, Inc.215.67M1.52-7.242.02%-7.1%-72.43%5.43%2.15

Profit & Loss

Jan 2016Jan 2017Jan 2018Jan 2019Jan 2020Jan 2021Jan 2022Jan 2023Jan 2024Jan 2025
Sales/Revenue+302.7M398.61M506.14M608.39M696.26M770.77M874.33M990.87M1.04B1.09B
Revenue Growth %0.4%0.32%0.27%0.2%0.14%0.11%0.13%0.13%0.05%0.05%
Cost of Goods Sold+87.1M112.13M135.25M173.59M215.58M224.74M249.48M252.56M260.61M228.1M
COGS % of Revenue0.29%0.28%0.27%0.29%0.31%0.29%0.29%0.25%0.25%0.21%
Gross Profit+215.6M286.48M370.89M434.79M480.69M546.03M624.85M738.32M777.13M862.02M
Gross Margin %0.71%0.72%0.73%0.71%0.69%0.71%0.71%0.75%0.75%0.79%
Gross Profit Growth %0.27%0.33%0.29%0.17%0.11%0.14%0.14%0.18%0.05%0.11%
Operating Expenses+416.61M437.13M524.91M569.03M620.16M583.67M652.47M701.48M726.38M782.39M
OpEx % of Revenue1.38%1.1%1.04%0.94%0.89%0.76%0.75%0.71%0.7%0.72%
Selling, General & Admin314.11M321.2M388.12M405.28M420.41M382.41M433.95M457.95M477.61M517.54M
SG&A % of Revenue1.04%0.81%0.77%0.67%0.6%0.5%0.5%0.46%0.46%0.47%
Research & Development102.5M115.93M136.79M163.75M199.75M201.26M218.52M243.53M248.77M264.85M
R&D % of Revenue0.34%0.29%0.27%0.27%0.29%0.26%0.25%0.25%0.24%0.24%
Other Operating Expenses-98K678K789K1.34M-1.13M2.43M0000
Operating Income+-201M-150.66M-154.02M-134.24M-139.47M-35.22M-27.63M36.84M50.75M79.63M
Operating Margin %-0.66%-0.38%-0.3%-0.22%-0.2%-0.05%-0.03%0.04%0.05%0.07%
Operating Income Growth %-0.21%0.25%-0.02%0.13%-0.04%0.75%0.22%2.33%0.38%0.57%
EBITDA+-144.79M-110.5M-113.91M-87.92M-81.27M42.38M53.62M102.83M101.99M101.74M
EBITDA Margin %-0.48%-0.28%-0.23%-0.14%-0.12%0.05%0.06%0.1%0.1%0.09%
EBITDA Growth %-0.05%0.24%-0.03%0.23%0.08%1.52%0.27%0.92%-0.01%-0%
D&A (Non-Cash Add-back)56.21M40.15M40.11M46.32M58.2M77.6M81.25M65.99M51.24M22.1M
EBIT-201.1M-149.98M-153.23M-132.9M-139.47M-35.22M-27.63M36.84M50.75M91.23M
Net Interest Income+-1.16M-896K-1.01M-316K-2.34M-4.58M-9.84M-2.43M11.83M17.63M
Interest Income000002.43M02.11M11.83M23.71M
Interest Expense1.16M896K1.01M316K2.34M7.01M9.84M006.08M
Other Income/Expense-1.25M-218K-224K1.02M-3.47M-4.58M-9.84M-2.43M11.83M5.53M
Pretax Income+-202.26M-150.87M-154.25M-133.21M-142.94M-42.23M-37.46M34.41M62.59M85.16M
Pretax Margin %-0.67%-0.38%-0.3%-0.22%-0.21%-0.05%-0.04%0.03%0.06%0.08%
Income Tax+690K914K715K1.4M1.41M1.21M4M7.62M-66.45M-159.46M
Effective Tax Rate %1%1.01%1%1.01%1.01%1.03%1.11%0.78%2.06%2.87%
Net Income+-202.95M-151.79M-154.96M-134.61M-144.35M-43.43M-41.46M26.78M129.03M244.62M
Net Margin %-0.67%-0.38%-0.31%-0.22%-0.21%-0.06%-0.05%0.03%0.12%0.22%
Net Income Growth %-0.21%0.25%-0.02%0.13%-0.07%0.7%0.05%1.65%3.82%0.9%
Net Income (Continuing)-202.95M-151.79M-154.96M-134.61M-144.35M-43.43M-41.46M26.78M129.03M244.62M
Discontinued Operations0000000000
Minority Interest0000000000
EPS (Diluted)+-1.67-1.19-1.16-0.95-0.98-0.28-0.270.180.671.36
EPS Growth %-0.18%0.29%0.03%0.18%-0.03%0.71%0.04%1.67%2.72%1.03%
EPS (Basic)-1.67-1.19-1.16-0.95-0.98-0.28-0.270.190.691.40
Diluted Shares Outstanding121.24M127.47M133.93M141.35M147.76M155.85M155.6M150.19M148.59M148.64M
Basic Shares Outstanding121.24M127.47M133.93M141.35M147.76M155.85M155.6M143.59M144.2M144.23M
Dividend Payout Ratio---------0.06%

Balance Sheet

Jan 2016Jan 2017Jan 2018Jan 2019Jan 2020Jan 2021Jan 2022Jan 2023Jan 2024Jan 2025
Total Current Assets+319.99M322.1M399.19M428.55M457.73M879.29M916.56M806.76M842.18M1.1B
Cash & Short-Term Investments193.12M177.39M208.08M217.52M195.59M595.08M586.27M461.25M480.69M722.82M
Cash Only185.74M177.39M208.08M217.52M195.59M595.08M416.27M428.46M383.74M624.58M
Short-Term Investments7.38M00000170M32.78M96.95M98.24M
Accounts Receivable102.57M120.11M162.13M175.13M209.43M228.31M256.31M264.51M281.49M292.71M
Days Sales Outstanding123.67109.99116.92105.07109.79108.1210797.4499.0198
Inventory0000000000
Days Inventory Outstanding----------
Other Current Assets15.9M15.34M20.49M24.92M35.09M39.11M46.02M81M80M82.26M
Total Non-Current Assets+177.49M171.57M154.38M221.61M502.26M472.4M475.44M400.4M398.98M569.74M
Property, Plant & Equipment120.49M117.18M123.98M137.7M388.78M354.4M278.56M201.14M99.35M77.97M
Fixed Asset Turnover2.51x3.40x4.08x4.42x1.79x2.17x3.14x4.93x10.44x13.98x
Goodwill14.3M16.29M16.29M18.74M18.74M18.74M74.47M73.86M76.75M76.97M
Intangible Assets3.9M543K24K3.51M25.11M24.82M17.71M39.17M46.77M74.51M
Long-Term Investments0000000000
Other Non-Current Assets38.81M37.56M14.08M61.65M69.63M74.44M104.71M86.22M100.44M94.88M
Total Assets+497.49M493.67M553.57M650.16M959.99M1.35B1.39B1.21B1.24B1.67B
Asset Turnover0.61x0.81x0.91x0.94x0.73x0.57x0.63x0.82x0.84x0.65x
Asset Growth %0.01%-0.01%0.12%0.17%0.48%0.41%0.03%-0.13%0.03%0.34%
Total Current Liabilities+250.47M297.94M393.97M463.2M577.43M612.84M718.98M715.83M679.28M922.08M
Accounts Payable9.86M6.66M17.04M15.43M16.75M4.55M58.94M79.81M79.55M80.07M
Days Payables Outstanding41.3321.6745.9832.4528.367.3886.23115.34111.41128.12
Short-Term Debt000000000203.91M
Deferred Revenue (Current)1000K1000K1000K1000K1000K1000K1000K1000K1000K1000K
Other Current Liabilities35.93M31.17M39.99M34.48M32.52M39.12M54.7M44.09M10.06M49.72M
Current Ratio1.28x1.08x1.01x0.93x0.79x1.43x1.27x1.13x1.24x1.19x
Quick Ratio1.28x1.08x1.01x0.93x0.79x1.43x1.27x1.13x1.24x1.19x
Cash Conversion Cycle----------
Total Non-Current Liabilities+109.12M121M144.63M155.56M360.2M587.78M1.07B525.2M500.85M548.17M
Long-Term Debt40M40M40M40M40M297.61M367.46M369.35M370.82M448.64M
Capital Lease Obligations7.32M21.7M26.98M44.6M289.57M252.88M168.19M118M94.17M68.77M
Deferred Tax Liabilities0000000000
Other Non-Current Liabilities43.44M45.98M48.63M49.51M14.28M15.6M517.71M37.85M35.86M30.76M
Total Liabilities359.59M418.94M538.6M618.76M937.63M1.2B1.79B1.24B1.18B1.47B
Total Debt+52.01M75.44M85.82M112.91M424.54M648.15M621.5M535.1M491.8M721.32M
Net Debt-133.73M-101.95M-122.25M-104.6M228.96M53.07M205.22M106.64M108.06M96.74M
Debt / Equity0.38x1.01x5.73x3.60x18.99x4.29x--8.06x3.66x
Debt / EBITDA-----15.29x11.59x5.20x4.82x7.09x
Net Debt / EBITDA-----1.25x3.83x1.04x1.06x0.95x
Interest Coverage-173.73x-168.14x-152.04x-424.80x-59.65x-5.02x-2.81x--13.11x
Total Equity+137.9M74.73M14.97M31.41M22.36M151.06M-395.09M-33.86M61.03M197.28M
Equity Growth %-0.49%-0.46%-0.8%1.1%-0.29%5.76%-3.62%0.91%2.8%2.23%
Book Value per Share1.140.590.110.220.150.97-2.54-0.230.411.33
Total Shareholders' Equity137.9M74.73M14.97M31.41M22.36M151.06M-395.09M-33.86M61.03M197.28M
Common Stock12K13K13K14K15K16K15K14K14K14K
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-1.18M0000
Accumulated OCI-84K-120K288K23K-307K-938K-4.54M-7.07M-9.69M-11.92M
Minority Interest0000000000

Cash Flow

Jan 2016Jan 2017Jan 2018Jan 2019Jan 2020Jan 2021Jan 2022Jan 2023Jan 2024Jan 2025
Cash from Operations+-66.32M-1.22M61.82M55.32M44.71M196.83M234.82M297.98M318.73M332.26M
Operating CF Margin %-0.22%-0%0.12%0.09%0.06%0.26%0.27%0.3%0.31%0.3%
Operating CF Growth %0.22%0.98%51.76%-0.11%-0.19%3.4%0.19%0.27%0.07%0.04%
Net Income-202.95M-151.79M-154.96M-134.61M-144.35M-43.43M-41.46M26.78M129.03M244.62M
Depreciation & Amortization40.39M40.15M40.11M46.32M59.42M75.48M78.23M65.99M51.24M22.1M
Stock-Based Compensation59.5M78.37M97.48M119.3M145.99M154.29M178.97M185.63M198.78M219M
Deferred Taxes000-1.45M47K0-1.91M1.65M-75.29M-171.22M
Other Non-Cash Items16.91M18.37M21.38M17.33M25.73M37.12M50.64M54.19M56.7M17.75M
Working Capital Changes19.82M13.67M57.81M8.44M-42.13M-26.63M-29.66M-36.26M-41.74M0
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-3.18M36.92M-7.71M-12.57M10.83M0000
Change in Payables-4.02M-1.09M6.9M1.66M-100K-12.3M15.32M-252K-1.18M6.39M
Cash from Investing+-80.86M-7.57M-11.71M-16.15M-13.3M-16.38M-239.37M120.6M-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 Revenue0.24%0.04%0.02%0.03%0.02%0.02%0.01%0.02%0%0%
Acquisitions----------
Investments----------
Other Investing-198K87K107K-2.76M8K107K514K-815K-16.75M-22.76M
Cash from Financing+2.51M479K-19.83M-29.57M-53.42M218.68M-172.86M-396.5M-272.9M-62.36M
Debt Issued (Net)----------
Equity Issued (Net)----------
Dividends Paid000000-9.62M-15.06M-14.94M-15M
Share Repurchases----------
Other Financing6.86M9.26M-3.71M-5.64M-44.26M-19.91M-35.71M-66.81M-78.85M-60.24M
Net Change in Cash----------
Free Cash Flow+-139.53M-16.17M50M37.75M31.3M180.34M224.33M281.49M300.32M329.68M
FCF Margin %-0.46%-0.04%0.1%0.06%0.04%0.23%0.26%0.28%0.29%0.3%
FCF Growth %-0.13%0.88%4.09%-0.24%-0.17%4.76%0.24%0.25%0.07%0.1%
FCF per Share-1.15-0.130.370.270.211.161.441.872.022.22
FCF Conversion (FCF/Net Income)0.33x0.01x-0.40x-0.41x-0.31x-4.53x-5.66x11.13x2.47x1.36x
Interest Paid1.18M1.24M1.94M2.58M5.55M7.48M4.69M2.75M1.68M0
Taxes Paid832K239K1.26M1.6M2.83M1.47M2.01M7.04M8.45M13.65M

Key Ratios

Metric2016201720182019202020212022202320242025
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 Margin71.23%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 / Equity0.38x1.01x5.73x3.60x18.99x4.29x--8.06x3.66x
Interest Coverage-173.73x-168.14x-152.04x-424.80x-59.65x-5.02x-2.81x--13.11x
FCF Conversion0.33x0.01x-0.40x-0.41x-0.31x-4.53x-5.66x11.13x2.47x1.36x
Revenue Growth39.86%31.68%26.98%20.2%14.44%10.7%13.44%13.33%4.73%5.05%

Frequently Asked Questions

Valuation & Price

Box, Inc. (BOX) has a price-to-earnings (P/E) ratio of 20.7x. This is roughly in line with market averages.

Growth & Financials

Box, Inc. (BOX) reported $1.15B in revenue for fiscal year 2025. This represents a 1857% increase from $58.8M in 2013.

Box, Inc. (BOX) grew revenue by 5.0% over the past year. This is steady growth.

Yes, Box, Inc. (BOX) is profitable, generating $226.8M in net income for fiscal year 2025 (22.4% net margin).

Dividend & Returns

Yes, Box, Inc. (BOX) pays a dividend with a yield of 0.36%. This makes it attractive for income-focused investors.

Box, Inc. (BOX) has a return on equity (ROE) of 189.4%. This is excellent, indicating efficient use of shareholder capital.

Box, Inc. (BOX) generated $334.9M in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

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