BlackBerry Limited (BB) vs Box, Inc. (BOX)

BlackBerry Limited and Box, Inc. are both Software Infrastructure companies. Box, Inc. is the larger, with a market value of $6.0B against $4.9B — 1.2× the size. Box, Inc. trades at the lower P/E: 60.7× against 62.9×. BlackBerry Limited grew revenue faster over the last twelve months: 14.4% against 9.63%. BlackBerry Limited has the higher net margin (13.1% vs 8.14%) and the higher return on invested capital (8.56% vs 0.00%). Across the 20 metrics below, Box, Inc. leads on 12 and BlackBerry Limited on 8.

Valuation

Metric BB BOX Software Infrastructure median
P/E 62.90 60.68 24.43
P/S 8.08 4.86 2.81
P/B 6.27 n/m 2.88
Price to free cash flow 57.71 17.16 17.94
EV/EBITDA 49.73 29.94 14.51
EV/Sales 8.05 5.04 2.91
Earnings yield 1.59% 1.65% 0.00%
Free cash flow yield 1.73% 5.83% 0.49%

Profitability

Metric BB BOX Software Infrastructure median
Gross margin 77.87% 79.55% 57.45%
Operating margin 13.63% 9.43% 0.00%
Net margin 13.09% 8.14% 0.00%
Free cash flow margin 14.01% 28.36% 0.00%
Return on equity 10.60% (32.39%) 0.00%
Return on assets 6.57% 6.64% 0.00%
Return on invested capital 8.56% 0.00% 0.00%

Growth

Metric BB BOX Software Infrastructure median
Revenue growth (TTM) 14.42% 9.63% 14.28%
EPS growth (last fiscal year) 169.23% (57.35%) 18.26%
Revenue growth, 5-year CAGR (9.27%) 8.84% 16.15%
Net income growth, 5-year CAGR 0.00% 0.00% 0.00%

Health

Metric BB BOX Software Infrastructure median
Debt to equity 0.25 (1.29) 0.02
Current ratio 2.38 1.06 1.53
Net debt to EBITDA (2.47) (0.16) 0.05

Dividend

Metric BB BOX Software Infrastructure median
Dividend yield — — 1.06%
Payout ratio — — 0.29

Size

Metric BB BOX Software Infrastructure median
Market cap 4.91b 5.98b 661.51m

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