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Dropbox stock: key metrics
DBXDropbox had an operating margin of 27.4% and a return on invested capital (ROIC) of 64.8% in fiscal 2025.
Margins show how much of revenue is left over, returns on capital how hard the invested money works.
Daily figure as of 13 Nov 2026
Margins
- Gross margin
- Operating margin
- Net margin
Figures as a table
| Year | Gross margin | Operating margin | Net margin |
|---|---|---|---|
| 2015 | 32.5% | −50.7% | −54.0% |
| 2016 | 53.8% | −22.9% | −24.9% |
| 2017 | 66.7% | −10.3% | −10.1% |
| 2018 | 71.6% | −35.5% | −34.8% |
| 2019 | 75.3% | −4.8% | −3.2% |
| 2020 | 78.3% | −14.5% | −13.4% |
| 2021 | 79.4% | 12.7% | 15.6% |
| 2022 | 80.9% | 7.8% | 23.8% |
| 2023 | 80.9% | 21.5% | 18.1% |
| 2024 | 82.5% | 19.1% | 17.7% |
| 2025 | 80.1% | 27.4% | 20.2% |
Returns on capital
- ROE
- ROIC
- ROA
Figures as a table
| Year | ROE | ROIC | ROA |
|---|---|---|---|
| 2015 | −100.0% | −49.4% | −32.3% |
| 2016 | −100.0% | −35.6% | −20.9% |
| 2017 | −100.0% | −27.6% | −11.0% |
| 2018 | −71.6% | −68.6% | −28.6% |
| 2019 | −6.5% | −5.0% | −2.0% |
| 2020 | −76.8% | −44.3% | −10.7% |
| 2021 | −100.0% | 79.7% | 10.9% |
| 2022 | −100.0% | 36.3% | 17.8% |
| 2023 | −100.0% | 76.6% | 15.2% |
| 2024 | −60.1% | 74.4% | 13.6% |
| 2025 | −28.3% | 64.8% | 17.4% |
Data status and sources
- Score
- Daily value of 13 Nov 2026, recalculated nightly
- Price
- Closing price of 12 Nov 2026
- Latest annual report
- Fiscal year 2025, period end 31 Dec 2025
- Source
- Financial statements, ratios and prices from Financial Modeling Prep (FMP), based on the company's reports. MEQIRI calculates the score and fair value from them.
Mandatory disclosures for this rating
- ; time horizon around 12 months
- Rated Strong, published since 7 Nov 2026 (in the score history since 8 May 2026)
- Valuation signal Undervalued since 7 Nov 2026
- End-of-day prices, metrics cached for up to 24 hours
- Score and fair value are estimates from a disclosed model. They are not facts and not a price target.
- Produced by SSM Ventures UG (haftungsbeschränkt), responsible person Sven Brostmeyer, Managing Director, automatically according to the disclosed model.
- Not investment advice. Losses up to and including a total loss are possible. Personal circumstances are not considered.