Box (BOX) vs Dropbox (DBX)
Head-to-head comparison of performance, valuation, growth, profitability and dividends. Prices delayed 15 minutes; data as of Oct 8, 2026.
Summary
Dropbox (DBX) has outperformed Box (BOX) over the past year, gaining 13.6% versus a gain of 8.9%. Over five years, BOX leads with a +35.2% price change compared with +9.2% for DBX. Dropbox is the larger company by market cap ($7.42 billion vs $4.98 billion), about 1.5 times the size, while Box is growing revenue faster (+8.0% vs -1.1%).
On valuation, Dropbox trades at a lower forward P/E (10.3x vs 20.9x for Box). Dropbox converts more of its revenue into profit, with a net margin of 20.2% versus 9.8%.
Summary generated from market data by MetaCap's automated system. Methodology
Relative performance
Percent change in share price from the first common trading day shown; excludes dividends.
Head-to-head
| Metric | BOX | DBX |
|---|---|---|
| Share price | $36.31 | $34.14 |
| Market cap | $4.98B | $7.42B |
| 1-day change | +1.71% | +3.20% |
| YTD return | +19.36% | +18.99% |
| 1-year return | +8.91% | +13.64% |
| 5-year return | +35.23% | +9.21% |
| P/E ratio (TTM) | 52.62 | 18.86 |
| Forward P/E | 20.91 | 10.33 |
| EPS (TTM) | $0.69 | $1.81 |
| Dividend yield | 0.00% | 0.00% |
| Annual dividend | $0.00 | $0.00 |
| Revenue (latest FY) | $1.18B | $2.52B |
| Revenue growth (YoY) | +7.99% | -1.07% |
| Net income (latest FY) | $115.38M | $508.40M |
| Gross margin | 79.22% | 80.13% |
| Operating margin | 7.07% | 27.33% |
| Net margin | 9.80% | 20.17% |
| 52-week high | $36.34 | $38.17 |
| 52-week low | $21.34 | $21.70 |
| Distance from 52-week high | -0.08% | -10.56% |
| Analyst consensus | none | underperform |
| Avg. price target upside | +6.61% | -6.85% |
| Average volume | 2.89M | 4.18M |
| Shares outstanding | 137.20M | 142.30M |
| Employees | 2,912 | 2,113 |
| Sector | Technology | Technology |
| Industry | Computer Software: Prepackaged Software | Computer Software: Prepackaged Software |
Highlighted cells mark the higher value for growth, returns, margins and yield, and the lower value for P/E ratios. Highlighting is a mechanical comparison, not a recommendation.
Key differences
- Box trades at a higher earnings multiple (52.6x vs 18.9x trailing P/E).
- Dropbox is more profitable, keeping 20.2 cents of every revenue dollar as net income versus 9.8 cents for Box.
- Box grew revenue faster in its latest fiscal year (+7.99% vs -1.07%).
About Box
BOX stock →Box, Inc. provides a cloud content management platform that enables organizations of various sizes to manage cloud content from anywhere and on any device in Poland, Australia, Canada, the European Union, France, Israel, Japan, Singapore, Switzerland, the United Kingdom, and the United States.
Technology · Computer Software: Prepackaged Software · 2,912 employees
About Dropbox
DBX stock →Dropbox, Inc. provides a content collaboration platform in the United States and internationally.
Technology · Computer Software: Prepackaged Software · 2,113 employees
BOX vs DBX FAQ
Which is bigger, Box or Dropbox?
Dropbox (DBX) is larger, with a market capitalization of $7.42B compared with $4.98B for Box (BOX).
Which stock has performed better over the past year, BOX or DBX?
DBX returned +13.64% over the past 12 months, compared with +8.91% for BOX (price return, excluding dividends). Past performance does not predict future results.
Which has the lower P/E ratio, BOX or DBX?
DBX has the lower trailing P/E at 18.9, versus 52.6 for BOX. A lower P/E is not by itself a sign of a better investment; it can reflect slower expected growth or higher risk.
Are Box and Dropbox in the same industry?
Yes. Both are classified in the Computer Software: Prepackaged Software industry within the Technology sector.