Box, Inc. vs Dropbox, Inc.
Side-by-Side SaaS Metrics & Valuation Comparison
Summary Verdict
BOX: 3—DBX: 2wins
Rule of 40
52.0BOX
25.0DBX
check_circleBOX leads
Revenue Growth
8.0%BOX
-1.3%DBX
check_circleBOX leads
Gross Margin
79%BOX
80%DBX
check_circleDBX leads
FCF Margin
44.0%BOX
26.3%DBX
check_circleBOX leads
Operating Margin
6.8%BOX
27.8%DBX
check_circleDBX leads
NRR
—BOX
—DBX
Metric
Rule of 40Efficiency score
BOX
52.0check_circle
DBX
25.0
Revenue GrowthYoY
BOX
8.0%check_circle
DBX
-1.3%
Gross Margin% of revenue
BOX
79%
DBX
80%check_circle
FCF MarginFree cash flow
BOX
44.0%check_circle
DBX
26.3%
Operating MarginGAAP
BOX
6.8%
DBX
27.8%check_circle
NRRNet retention
BOX
N/A
DBX
N/A
EV / RevenueValuation multiple
BOX
3.2x
DBX
2.4xcheck_circle
Market CapUSD
BOX
$4.0B
DBX
$7.4Bcheck_circle
ARR GrowthYoY
BOX
N/A
DBX
N/A
CAC PaybackMonths to recover
BOX
N/A
DBX
N/A
insights
Analysis
As of Q2 2026, Box, Inc. trades at 3.2x EV/Revenue versus Dropbox, Inc. at 2.4x. On the Rule of 40, Box, Inc. scores 52.0 compared to Dropbox, Inc.'s 25.0, placing Box, Inc. ahead in operating efficiency. Gross margins stand at Box, Inc. 79% vs Dropbox, Inc. 80%.
Sector Context
Both companies operate in the Cloud Storage sector. The median columns above show where each company stands relative to their peers.