Dropbox, Inc.

DBX Technology Software Infrastructure

Dropbox, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $2.5 billion, down 1.07% from fiscal 2024.

Revenue
+0.93%
EPS
−6.52%
Free cash flow
−10.3%
Total debt
+35.3%

Quarter to June 2026, against a year earlier

34.96 0.68 −1.91%
Market cap
$7.6B
P/E
19.2×
Fwd P/E
20.7×
Dividend yield
—
F-score
7/9
Altman Z
0.48
Beneish M
−3.07
Dividend safety
n/a

Dropbox, Inc. (DBX) EV/FCF

Alert me on EV/FCF

As of 3 November 2026, Dropbox, Inc. (DBX) trades at a EV/FCF of 10.7×. Over the past ten years it has ranged from 7.5× (April 2026) to 40.4× (August 2018); the current reading is higher than 23% of that period.

EV/FCF, daily

Embed this chart

Annual newest first

Period EV/FCF Change
FY2025 10.2× (15.83%)
FY2024 12.1× (11.06%)
FY2023 13.6× 19.57%
FY2022 11.4× (17.16%)
FY2021 13.7× (21.02%)
FY2020 17.4× 3.40%
FY2019 16.8× (4.78%)
FY2018 17.6× 2.71%
FY2017 17.2× 0.00%
FY2016 17.2× 0.00%

Quarterly newest first

Period EV/FCF Change
Jun 2026 8.9× 16.16%
Mar 2026 7.7× (24.35%)
Dec 2025 10.2× (3.69%)
Sep 2025 10.6× 0.27%
34 more quarters

Against its own ten years

Low 7.5× High 40.4×
Ten-year median 13.1×
Current reading's percentile 23

EV/FCF against peers

What EV/FCF is

EV/Free CF shows how the value of a whole company, debt included, compares with the free cash its business produces.

((Stock Price × Shares (Basic, Weighted) (latest quarter)) + (Long Term Debt (Total) (latest quarter) + Current Part of Debt (latest quarter)) − Cash & Short Term Investments (latest quarter)) ÷ (Operating Cash Flow (TTM) + Property, Plant, Equipment Change (Net) (TTM) + Intangible Assets Change (Net) (TTM))

The full definition of EV/FCF →

More on DBX