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Dropbox, Inc. (the Company , we , or us ) is the one place to keep life organized and keep work moving. We were founded in 2007 with a simple idea: Life would be a lot better if everyone could access their most important information anytime from any device.
Margins and capital returns are both well above average: 27.33% operating margin, ROIC at 33.46%. Consistent with durable pricing power, though that alone doesn't make it a buy.
Revenue declined 1.1% YoY. The question is whether this is cyclical or a structural shift.
Insufficient data to identify specific risks. Treat any missing metrics as a data gap, not a clean bill of health.
Profitability & Returns
Revenue (TTM)
$2.53B
▼ -1.1% YoY
Net Income (TTM)
$473M
▲ +12.4% YoY
Op. Margin
26.85%
▲ +8.3pp YoY
ROIC
39.63%
▲ +12.3pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
$980M
▲ +6.8% YoY
Op. Cash Flow (TTM)
$1.00B
▲ +6.5% YoY
Net Debt
$108M
Cash & Equiv.
$1.29B
5Y CAGR: +5.7%
5Y CAGR: +13.7%
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