Saturday 17 October 2026
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Box, Inc.
BOX Technology Software Infrastructure
Box, Inc.’s revenue for fiscal 2026 (year ended January 2026) was $1.2 billion, up 7.99% from fiscal 2025. In the quarter to July 2026, revenue grew 9.23%, EPS grew 66.7%, free cash flow grew 65.8% and total debt fell 30.9%, each against the same quarter a year earlier. Dividend growth for three consecutive years, revenue growth for ten, operating cash flow growth for five.
39.56
0.08
+0.20%
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Target Price Range
Analyst price targets
Free accountTen years at a glance Fiscal years to January
| Group | Line | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Trend | 2027e | 2028e | 2029e |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Price, $ | |||||||||||||||
| Price, $ | Low | 13.90 | 15.64 | 12.46 | 8.64 | 16.85 | 22.31 | 23.29 | 24.28 | 28.00 | 21.34 |
Analyst estimates 2027–2029 Powerpack |
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| High | 24.10 | 29.79 | 24.93 | 22.09 | 28.13 | 33.04 | 34.98 | 35.74 | 38.80 | 40.03 | |||||
| People | |||||||||||||||
| People | Employees | 1,495 | 1,784 | 1,980 | 2,046 | 1,934 | 2,172 | 2,487 | 2,530 | 2,810 | 2,912 | ||||
| Revenue/emp, $m | 0.27 | 0.28 | 0.31 | 0.34 | 0.40 | 0.40 | 0.40 | 0.41 | 0.39 | 0.40 | |||||
| Income, $m | |||||||||||||||
| Income, $m | Revenue | 399 | 506 | 608 | 696 | 771 | 874 | 991 | 1,038 | 1,090 | 1,177 | ||||
| Gross margin, % | 71.87 | 73.28 | 71.47 | 69.04 | 70.84 | 71.47 | 74.51 | 74.89 | 79.08 | 79.22 | |||||
| EBT | (151) | (154) | (133) | (143) | (42) | (37) | 34 | 63 | 85 | 99 | |||||
| EBT margin, % | (37.85) | (30.47) | (21.90) | (20.53) | (5.48) | (4.28) | 3.47 | 6.03 | 7.81 | 8.39 | |||||
| Net income | (152) | (155) | (135) | (144) | (43) | (41) | 27 | 129 | 245 | 115 | |||||
| Depreciation | 58 | 62 | 64 | 85 | 112 | 124 | 120 | 105 | 75 | 86 | |||||
| Per share, $ | |||||||||||||||
| Per share, $ | Revenue | 3.13 | 3.78 | 4.30 | 4.71 | 4.95 | 5.62 | 6.90 | 7.20 | 7.56 | 8.16 | ||||
| Earnings | (1.19) | (1.16) | (0.95) | (0.98) | (0.28) | (0.35) | 0.06 | 0.69 | 1.40 | 0.60 | |||||
| Cash flow | (0.02) | 0.26 | 0.39 | 0.30 | 1.26 | 1.51 | 2.08 | 2.21 | 2.30 | 2.47 | |||||
| Capex | (0.12) | (0.09) | (0.12) | (0.09) | (0.11) | (0.07) | (0.11) | (0.13) | (0.15) | (0.28) | |||||
| Free cash flow | (0.14) | 0.18 | 0.27 | 0.21 | 1.16 | 1.44 | 1.96 | 2.08 | 2.15 | 2.19 | |||||
| Book value | 0.59 | 0.11 | 0.22 | 0.15 | 0.97 | (2.54) | (3.65) | (2.99) | (2.06) | (2.08) | |||||
| Shares, m | 127 | 134 | 141 | 148 | 156 | 156 | 144 | 144 | 144 | 144 | |||||
| Valuation, × | |||||||||||||||
| Valuation, × | P/E | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 639.80 | 37.65 | 23.85 | 42.43 | ||||
| P/S | 5.46 | 5.89 | 4.86 | 3.19 | 3.56 | 4.65 | 4.64 | 3.61 | 4.42 | 3.17 | |||||
| P/B | 29.12 | 199.00 | 94.16 | 99.34 | 18.18 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||||
| EV/Sales | 5.17 | 5.61 | 4.64 | 3.22 | 3.38 | 4.50 | 4.62 | 3.54 | 4.35 | 3.32 | |||||
| EV/FCF | (117.53) | 121.24 | 75.34 | 72.28 | 14.48 | 17.55 | 16.28 | 12.23 | 15.30 | 12.40 | |||||
| Cash, $m | |||||||||||||||
| Cash, $m | Operating cash flow | (2) | 35 | 55 | 45 | 197 | 235 | 298 | 319 | 332 | 356 | ||||
| Capex | (15) | (12) | (18) | (13) | (16) | (10) | (16) | (18) | (22) | (41) | |||||
| Free cash flow | (17) | 24 | 38 | 31 | 180 | 224 | 281 | 300 | 310 | 316 | |||||
| Balance, $m | |||||||||||||||
| Balance, $m | Working capital | 24 | 5 | (35) | (120) | 266 | 198 | 91 | 163 | 176 | 89 | ||||
| Total debt | 76 | 86 | 113 | 218 | 456 | 453 | 446 | 371 | 653 | 451 | |||||
| Net debt | (102) | (122) | (105) | 23 | (139) | (133) | (15) | (110) | (70) | (27) | |||||
| Shareholders’ equity | 75 | 15 | 31 | 22 | 151 | (395) | (524) | (431) | (297) | (299) | |||||
| Returns, % | |||||||||||||||
| Returns, % | ROA | (30.63) | (29.59) | (22.37) | (17.93) | (3.76) | (3.93) | 0.66 | 8.10 | 13.86 | 5.42 | ||||
| ROIC | 0.00 | 0.00 | 0.00 | (192.86) | (196.91) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||||
| ROE | (142.77) | (345.51) | (580.56) | (536.99) | (50.09) | 44.16 | (1.86) | (20.77) | (55.37) | (29.20) | |||||
Negative figures in brackets.
Fiscal years to Jan 2026 · latest quarter Jul 2026
Charts ten years each
Box, Inc. vs peers in Software Infrastructure (Q) = latest quarter vs a year earlier
| Company | Market cap | P/E | Fwd P/E | Revenue growth (Q) | EPS growth (Q) | FCF growth (Q) | Gross margin (Q) | EBIT margin (Q) | Compare |
|---|---|---|---|---|---|---|---|---|---|
| DOX Amdocs Limited | $6.5B | 14.2× | 10.2× | +2.66% (above 0%: growing) | −57.55% (below 0%: shrinking) | −18.84% (below 0%: shrinking) | 39.76% | 8.90% | Compare |
| WEX WEX Inc. | $6.2B | 17.9× | 12.5× | +14.24% (above 0%: growing) | +58.08% (above 0%: growing) | −152.65% (below 0%: shrinking) | 61.54% | 26.94% | Compare |
| VRNS Varonis Systems, Inc. | $5.4B | — (loss-making) | — (loss-making) | +18.31% (above 0%: growing) | n/m | +15.62% (above 0%: growing) | 75.27% | (22.57%) | Compare |
| BOX Box, Inc. | $5.4B | 54.9× | 64.3× | +9.23% (above 0%: growing) | +66.67% (above 0%: growing) | +65.84% (above 0%: growing) | 79.08% | 10.16% | |
| ACIW ACI Worldwide, Inc. | $5.3B | 24.0× | 17.0× | +7.27% (above 0%: growing) | +158.33% (above 0%: growing) | +35.07% (above 0%: growing) | 42.18% | 10.37% | Compare |
| RELY Remitly Global, Inc. | $5.2B | 16.7× | 28.8× | +20.23% (above 0%: growing) | +3,166.67% (above 0%: growing) | +197.33% (above 0%: growing) | 62.07% | 13.47% | Compare |
| BB BlackBerry Limited | $5.1B | 59.9× | 67.1× | +26.00% (above 0%: growing) | +200.00% (above 0%: growing) | +1,470.59% (above 0%: growing) | 77.83% | 20.58% | Compare |
| BLSH Bullish | $4.8B | — (loss-making) | — (loss-making) | −44.34% (below 0%: shrinking) | n/m | +2.25% (above 0%: growing) | 0.25% | (0.87%) | Compare |
| CORZ Core Scientific, Inc. | $4.6B | — (loss-making) | — (loss-making) | +108.83% (above 0%: growing) | n/m | −852.12% (below 0%: shrinking) | 42.66% | (47.79%) | Compare |
| Median of peers | $5.3B | 17.9× | 17.0× | +16.28% | +158.33% | +8.94% | 52.10% | 9.63% |
Box, Inc. (BOX) key facts
- Strength: Box, Inc.’s revenue for fiscal 2026 (year ended January 2026) was $1.2 billion, up 7.99% from fiscal 2025.
- Box, Inc. (BOX) is a Software Infrastructure company in the Technology sector, listed on the New York Stock Exchange.
- As of October 16, 2026, BOX traded at $39.56, a market capitalization of $5.4 billion.
- Return on equity was −29.2% and debt-to-equity -1.29.
- Its Piotroski F-score is 6 out of 9 and its Altman Z-score is 1.43 (distress zone) for fiscal 2026.
Box, Inc. (BOX) Latest News
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