Dropbox, Inc. vs DigitalOcean Holdings, Inc.
Side-by-Side SaaS Metrics & Valuation Comparison
analyticsCloud Storage
Data as of Q1 2026
Summary Verdict
DBX: 4—DOCN: 1wins
Rule of 40
25.0DBX
22.4DOCN
check_circleDBX leads
Revenue Growth
-1.3%DBX
17.5%DOCN
check_circleDOCN leads
Gross Margin
80%DBX
59%DOCN
check_circleDBX leads
FCF Margin
26.3%DBX
4.9%DOCN
check_circleDBX leads
Operating Margin
27.8%DBX
16.9%DOCN
check_circleDBX leads
NRR
—DBX
—DOCN
Metric
Rule of 40Efficiency score
DBX
25.0check_circle
DOCN
22.4
Revenue GrowthYoY
DBX
-1.3%
DOCN
17.5%check_circle
Gross Margin% of revenue
DBX
80%check_circle
DOCN
59%
FCF MarginFree cash flow
DBX
26.3%check_circle
DOCN
4.9%
Operating MarginGAAP
DBX
27.8%check_circle
DOCN
16.9%
NRRNet retention
DBX
N/A
DOCN
N/A
EV / RevenueValuation multiple
DBX
2.6x
DOCN
N/A
Market CapUSD
DBX
$7.8B
DOCN
N/A
ARR GrowthYoY
DBX
N/A
DOCN
N/A
CAC PaybackMonths to recover
DBX
N/A
DOCN
N/A
insights
Analysis
As of Q1 2026, Dropbox, Inc. trades at 2.6x EV/Revenue versus DigitalOcean Holdings, Inc. at N/A. On the Rule of 40, Dropbox, Inc. scores 25.0 compared to DigitalOcean Holdings, Inc.'s 22.4, placing Dropbox, Inc. ahead in operating efficiency. Gross margins stand at Dropbox, Inc. 80% vs DigitalOcean Holdings, Inc. 59%.
Sector Context
Dropbox, Inc. operates in the Cloud Storage sector and DigitalOcean Holdings, Inc. operates in the Cloud Infrastructure sector. The median comparison above shows where they stand relative to their respective peers.