Business quality and valuation are strong, growth is the relative weak spot (avg 60/100).
Broad-market heuristics · Not a buy/sell signal
Valuation and growth
Valuation
Growth
20–25x range, moderate premium
Under 20x cash flow, well covered
2–5% CAGR, growing but slowly
5–10% CAGR, steady but not exceptional
Business Quality & Capital Allocation
Shrinking >2%, active buybacks
Expanded 3+pp, strong improvement
Net debt/FCF of 0.3x, easily serviceable
Above 20%, exceptional capital efficiency
Dropbox (DBX) quality: score, margins and returns
Dropbox (DBX) scores 85/100 on Intrinsiqq's quality score (a high-quality business), a weighted blend of 8 metrics each scored 0 to 100, on 26.6% operating margins and 39.5% ROIC. Every metric is computed from SEC filings; this is analysis, not investment advice.
Frequently asked
Is Dropbox (DBX) a high-quality business?+
Dropbox scores 85 out of 100 on Intrinsiqq's quality score, a weighted blend of 8 metrics each scored 0 to 100, which rates it a high-quality business on these measures. Recent figures include a 26.6% operating margin and a 39.5% return on invested capital. Quality and price are separate questions: even a great business can be a poor investment if you overpay, so read this score alongside the valuation. The metric-by-metric breakdown is on this scorecard.
What does Dropbox's quality score measure?+
Intrinsiqq's quality score weighs revenue and free-cash-flow growth, operating margins, return on invested capital, change in share count, and balance-sheet strength, each computed from DBX's SEC filings rather than opinion or sentiment. A higher score means a more durable, capital-efficient business; it is not a buy or sell signal. Open each metric on this page to see exactly where Dropbox scores well and where it falls behind.
What is Dropbox's return on invested capital (ROIC)?+
Dropbox earns about 39.5% on its invested capital, which is exceptional. ROIC measures how much profit a company generates per dollar put to work; sustained ROIC above its cost of capital is one of the clearest signs of a real competitive moat. Compare it to DBX's margins and growth on this scorecard to judge durability.
How profitable is Dropbox?+
Dropbox runs an operating margin of about 26.6% and a net margin of about 17.5%. Revenue has grown at roughly 5.7% a year recently. High, stable margins usually point to pricing power and operating discipline. Margins are most telling next to growth and returns on capital, all of which feed this quality score. This is analysis from SEC filings, not investment advice.
SourceQuality score computed from the 10-Q filed 7 Aug 2026, covering the period ending 30 Jun 2026, as reported to the SEC. Data last refreshed 8 Aug 2026. How this is calculated.
Fiscal year ends Dec. Sector medians are approximate S&P 500 benchmarks and update periodically. Checks use broad-market heuristics, so sector norms may differ, and the valuation checks are more cyclical than the quality checks.
Peers
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Held by ETFs
DBX is in 148 US ETFs. The largest of them, with DBX's weight in each:
Vanguard Small-Cap ETFVB0.06%of the fund
Vanguard Information Technology ETFVGT0.06%of the fund
iShares Core S&P Mid-Cap ETFIJH0.15%of the fund
Vanguard Extended Market ETFVXF0.06%of the fund
iShares Core S&P Total U.S. Stock Market ETFITOT0.01%of the fund
iShares Russell 1000 Value ETFIWD0.01%of the fund
Spot a number that looks wrong? Check it in DBX's SEC filings or
Download this analysis as a PDF (Pro)
Data sourced from SEC EDGAR filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.
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