Summary Verdict
DBX: 2—BOX: 3wins
Rule of 40
25.0DBX
52.0BOX
check_circleBOX leads
Revenue Growth
-1.3%DBX
8.0%BOX
check_circleBOX leads
Gross Margin
80%DBX
79%BOX
check_circleDBX leads
FCF Margin
26.3%DBX
44.0%BOX
check_circleBOX leads
Operating Margin
27.8%DBX
6.8%BOX
check_circleDBX leads
NRR
—DBX
—BOX
Metric
Rule of 40Efficiency score
DBX
25.0
BOX
52.0check_circle
Revenue GrowthYoY
DBX
-1.3%
BOX
8.0%check_circle
Gross Margin% of revenue
DBX
80%check_circle
BOX
79%
FCF MarginFree cash flow
DBX
26.3%
BOX
44.0%check_circle
Operating MarginGAAP
DBX
27.8%check_circle
BOX
6.8%
NRRNet retention
DBX
N/A
BOX
N/A
EV / RevenueValuation multiple
DBX
2.2xcheck_circle
BOX
3.0x
Market CapUSD
DBX
$6.8Bcheck_circle
BOX
$3.7B
ARR GrowthYoY
DBX
N/A
BOX
N/A
CAC PaybackMonths to recover
DBX
N/A
BOX
N/A
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insights
Analysis
As of Q1 2026, Dropbox, Inc. trades at 2.2x EV/Revenue versus Box, Inc. at 3.0x. On the Rule of 40, Dropbox, Inc. scores 25.0 compared to Box, Inc.'s 52.0, placing Box, Inc. ahead in operating efficiency. Gross margins stand at Dropbox, Inc. 80% vs Box, Inc. 79%.
Sector Context
Both companies operate in the Cloud Storage sector. The median columns above show where each company stands relative to their peers.