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) Price to free cash flow

Alert me on Price to free cash flow

As of 3 November 2026, Dropbox, Inc. (DBX) trades at a price to free cash flow of 8.2×. Over the past ten years it has ranged from 5.3× (April 2026) to 43.3× (August 2018); the current reading is higher than 10% of that period. That is below the Software Infrastructure industry median of 17.3× and below the Technology sector median of 20.0×.

Price to free cash flow, daily

Embed this chart

Annual newest first

Period Price to free cash flow Change
FY2025 8.0× (26.92%)
FY2024 11.0× (16.17%)
FY2023 13.1× 20.38%
FY2022 10.9× (20.55%)
FY2021 13.7× (27.71%)
FY2020 18.9× (0.47%)
FY2019 19.0× (6.85%)
FY2018 20.4× 11.30%
FY2017 18.3× 0.00%
FY2016 18.3× 0.00%

Quarterly newest first

Period Price to free cash flow Change
Jun 2026 6.5× 18.78%
Mar 2026 5.5× (32.01%)
Dec 2025 8.0× (6.90%)
Sep 2025 8.6× (1.38%)
34 more quarters

Against its own ten years

Low 5.3× High 43.3×
Ten-year median 12.7×
Current reading's percentile 10

Price to free cash flow against peers

Company Price to free cash flow
NTSK Netskope Inc. compare n/m
PAYP PayPay Corporation compare n/m
DBX Dropbox, Inc. 8.2×
DOX Amdocs Limited compare 10.1×
PATH UiPath, Inc. compare 18.9×
QLYS Qualys, Inc. compare 24.2×
ZETA Zeta Global Holdings Corp. compare 37.6×
GTLB GitLab Inc. compare 41.4×
S SentinelOne, Inc. compare 256×
Software Infrastructure industry median 17.3×
Technology sector median 20.0×
Market median 14.2×

What Price to free cash flow is

Price to Free Cash Flow Ratio shows how much investors pay for each dollar of cash a company generates after its capital spending.

Stock Price ÷ ((Operating Cash Flow (TTM) + Property, Plant, Equipment Change (Net) (TTM) + Intangible Assets Change (Net) (TTM)) ÷ (Shares (Basic, Weighted) (latest quarter)))

The full definition of Price to free cash flow →

More on DBX