Dropbox, Inc. Financial Ratios — DBX Stock

Profitability (USD)

	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Return on Common Equity (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Return on Assets (%)	- -	-41.86	-11.04	-35.73	-2.4	-10.08	12.26	17.84	14.89	14.34	16.48
Return on Capital (%)	- -	- -	- -	- -	- -	- -	- -	- -	-76.29	-104.99	-303.23
Return on Invested Capital (%)	- -	- -	- -	- -	- -	- -	- -	- -	15.74	20.41	27.27
Gross Margin (%)	32.53	53.76	66.67	71.64	75.26	78.34	79.42	80.89	80.87	82.53	80.13
EBITDA Margin (%)	-25.94	-0.22	6.15	-23.51	5.6	14.66	21.18	22.09	22.13	24.47	33.53
Operating Margin (%)	-50.71	-22.9	-10.27	-35.5	-4.85	6.33	14.17	15.33	15.33	19.08	27.28
Incremental Operating Margin (%)	- -	- -	- -	- -	- -	79.85	75.61	30.42	15.28	220.6	-740.81
Pretax Margin (%)	-53.93	-24.27	-10.07	-34.5	-3.13	-13.07	13.87	8.29	22.16	20.01	24.5
Profit Margin (%)	-53.97	-24.88	-10.09	-34.84	-3.17	-13.39	15.56	23.79	18.13	17.75	20.17
Net Income to Common Margin (%)	-53.97	-24.88	-10.09	-34.84	-3.17	-13.39	15.56	23.79	18.13	17.75	20.17
Effective Tax Rate (%)	- -	- -	- -	- -	- -	- -	- -	- -	18.18	11.28	17.68
Dvd Payout Ratio (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Sustainable Growth Rate (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -

Credit (USD)

API ChatGPT

	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Total Debt	- -	257	174	164	1,007	1,120	2,369	2,295	2,031	2,997	3,587
ST Debt	- -	128	103	74	157	188	199	184	174	198	906
LT Debt	- -	130	72	90	850	931	2,170	2,111	1,857	2,798	2,681
Total Debt/EBITDA	- -	-135.37	2.56	-0.5	10.82	3.99	5.18	4.47	3.67	4.81	4.24
Net Debt/EBITDA	- -	185.63	-6.31	1.59	-5.93	-1.12	1.83	2.22	1.38	1.65	2.3
Total Debt/EBIT	- -	-1.33	-1.53	-0.33	-12.51	9.24	7.75	6.44	5.29	6.16	5.22
Net Debt/EBIT	- -	1.82	3.78	1.05	6.85	-2.6	2.74	3.2	1.99	2.11	2.82
EBITDA to Interest Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	10.75
EBITDA-CapEx/Interest Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	10.75
EBIT to Interest Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	8.75
Interest Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	79
Common Equity/Total Assets	- -	-93.36	-102.92	-97.96	-63.95	-93.89	-88.62	-89.13	-91.92	-94.63	-134.1
Long-Term Debt/Equity (%)	- -	105.54	69.58	13.28	105.16	278.97	- -	- -	- -	- -	- -
Long-Term Debt/Capital (%)	- -	-199.38	-27.53	-6.01	-118.15	-83	-585.38	-442.07	-260.92	-1,866.84	-1,175.36
Long-Term Debt/Total Assets (%)	- -	12.91	7.02	5.31	31.49	39.01	70.2	67.87	62.24	84.16	94.24
Total Debt/Equity (%)	- -	209.45	169.39	24.19	124.53	335.38	-805.95	-741.63	-1,224.73	-398.27	-199.59
Total Debt/Capital (%)	- -	-395.69	-67.01	-10.94	-139.92	-99.79	-638.98	-480.54	-285.32	-1,999.07	-1,572.56
Total Debt/Total Assets (%)	- -	25.61	17.09	9.66	37.3	46.9	76.62	73.78	68.06	90.12	126.09
Net Debt to Equity	- -	-287.21	-417.88	-76.73	-68.2	-94.34	-284.89	-368.84	-460.13	-136.39	-108.1
Net Debt/Capital (%)	- -	84.44	62.31	25.77	43.38	21.92	-92.65	-160.66	-57.51	-69.42	-173.55
EBITDA	-157	-2	68	-327	93	280	457	514	554	624	845
EBITDA-CapEx	-161	-10	67	-330	91	280	450	512	553	623	845
Operating Income (Loss)	-306	-194	-114	-494	-80	121	306	356	384	486	688

Liquidity (USD)

API ChatGPT

	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Cash Ratio	- -	0.56	0.58	1.3	1.14	1.03	1.46	1.12	1.13	1.32	0.55
Current Ratio	- -	0.65	0.7	1.45	1.23	1.13	1.57	1.25	1.26	1.44	0.63
Quick Ratio	- -	0.58	0.62	1.33	1.18	1.07	1.5	1.17	1.19	1.37	0.59
CFO/Avg Current Liab	- -	0.8	0.48	0.54	0.57	0.54	0.64	0.67	0.65	0.74	0.61
Common Equity/Total Assets	- -	-93.36	-102.92	-97.96	-63.95	-93.89	-88.62	-89.13	-91.92	-94.63	-134.1
Long-Term Debt/Equity (%)	- -	105.54	69.58	13.28	105.16	278.97	- -	- -	- -	- -	- -
Long-Term Debt/Capital (%)	- -	-199.38	-27.53	-6.01	-118.15	-83	-585.38	-442.07	-260.92	-1,866.84	-1,175.36
Long-Term Debt/Total Assets (%)	- -	12.91	7.02	5.31	31.49	39.01	70.2	67.87	62.24	84.16	94.24
Total Debt/Equity (%)	- -	209.45	169.39	24.19	124.53	335.38	-805.95	-741.63	-1,224.73	-398.27	-199.59
Total Debt/Capital (%)	- -	-395.69	-67.01	-10.94	-139.92	-99.79	-638.98	-480.54	-285.32	-1,999.07	-1,572.56
Total Debt/Total Assets (%)	- -	25.61	17.09	9.66	37.3	46.9	76.62	73.78	68.06	90.12	126.09
CFO/Total Liabilities	- -	28.66	36.02	41.82	27.95	27.8	21.56	23.32	24.88	21.93	20.5
CFO/CapEx	3.22	29.72	412.88	141.8	310.88	2,854	107.32	724.82	2,612.33	4,470.5	2,379.5
Altman's Z-Score	- -	-1.55	-1.11	2.99	2.03	2.38	1.74	1.41	2.04	1.54	0.37

Working Capital (USD)

API ChatGPT

	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Accounts Receivable Turnover	- -	128.98	52.21	48.07	50.88	47.79	46.41	44.97	40.84	36.64	33.73
Days Sales Outstanding	- -	2.83	6.99	7.59	7.17	7.64	7.87	8.12	8.94	9.96	10.82
Inventory Turnover	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Days Inventory Outstanding	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Accounts Payable Turnover	- -	50.4	15.57	12.11	11.11	13.96	20.01	13.82	12.41	11.87	16.47
Accounts Payable Turnover Days	- -	7.24	23.45	30.15	32.86	26.15	18.24	26.42	29.41	30.75	22.16
Cash Conversion Cycle	- -	-4.41	-16.46	-22.55	-25.69	-18.51	-10.38	-18.3	-20.47	-20.79	-11.33
Inventory to Cash Days	- -	2.83	6.99	7.59	7.17	7.64	7.87	8.12	8.94	9.96	10.82
Inventories	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Raw Materials	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Work In Process	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Finished Goods	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Other Inventory	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -

Enterprise Value (USD)

API ChatGPT

	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Market Capitalization	- -	- -	- -	7,326	7,372	9,193	9,522	8,084	10,059	9,559	7,459
- Cash & Cash Equivalents	- -	353	430	519	551	315	533	233	615	1,328	891
+ Preferred Equity and Hybrid Capital	- -	615	615	- -	- -	- -	- -	- -	- -	- -	- -
+ Minority/Non Controlling Interest	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Total Debt	- -	257	174	164	1,007	1,120	2,369	2,295	2,031	2,997	3,587
Enterprise Value	- -	520	360	6,401	7,219	9,192	10,172	9,035	10,733	10,961	10,008
Total Capital	- -	-65	-260	-1,496	-720	-1,122	-371	-478	-712	-150	-228
Total Debt/Capital (%)	- -	-395.69	-67.01	-10.94	-139.92	-99.79	-638.98	-480.54	-285.32	-1,999.07	-1,572.56
Total Debt / EV	- -	0.49	0.48	0.03	0.14	0.12	0.23	0.25	0.19	0.27	0.36
EV/Sales	- -	0.62	0.32	4.6	4.35	4.8	4.71	3.89	4.29	4.3	3.97
EV/EBITDA	- -	- -	5.28	- -	77.63	32.77	22.25	17.59	19.39	17.58	11.84
EV/EBIT	- -	- -	- -	- -	- -	75.84	33.27	25.34	27.99	22.54	14.55
EV/Cash Flow to Firm	- -	2.06	1.09	15.05	13.66	16.1	13.94	11.33	13.7	12.26	9.85
EV/Free Cash Flow to Firm	- -	1.99	1.09	14.94	13.62	16.1	13.81	11.32	13.69	12.26	9.84
Diluted Market Cap	- -	- -	- -	7,326	7,372	9,193	9,713	8,131	10,188	9,715	7,584
Diluted Enterprise Value	- -	520	360	6,971	7,827	9,998	11,549	10,192	11,604	11,383	10,280
EV per Share	- -	1.45	0.91	17.85	17.54	22.19	26.22	25.01	31.46	34.45	37.3
TTM Sales	604	845	1,107	1,392	1,661	1,914	2,158	2,325	2,502	2,548	2,521
TTM EBITDA	-157	-2	68	-327	93	280	457	514	554	624	845
TTM Operating Income	-306	-194	-114	-494	-80	121	306	356	384	486	688
TTM Cash Flow to Firm	15	253	330	425	528	571	730	797	784	894	1,017
TTM Free Cash Flow to Firm	19	261	331	428	530	571	737	798	784	894	1,017

Multiples (USD)

API ChatGPT

	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Price/Free Cash Flow	- -	- -	- -	17.1	13.9	16.1	13.19	10.18	13	10.86	7.96
EV/EBIT	- -	- -	- -	- -	- -	75.84	33.27	25.34	27.99	22.54	14.55
Enterprise Value	- -	520	360	6,401	7,219	9,192	10,172	9,035	10,733	10,961	10,008
Low Price	- -	- -	- -	18.5	16.08	14.55	21.57	19.07	18.71	20.68	24.42
EV/Sales	- -	0.62	0.32	4.6	4.35	4.8	4.71	3.89	4.29	4.3	3.97
EV/EBITDA	- -	- -	5.28	- -	77.63	32.77	22.25	17.59	19.39	17.58	11.84
Price/Earnings	- -	- -	- -	- -	- -	- -	28.35	14.61	22.17	21.13	14.67
Price/Earnings Average	- -	- -	- -	-20.57	-168.76	-32.55	31.63	14.58	18.77	17.93	15.19
Price/Earnings High	- -	- -	- -	-32.17	-206.89	-40.67	38.13	16.85	22.94	23.52	17.59
Price/Earnings Low	- -	- -	- -	-13.68	-125.59	-23.52	24.92	12.45	14.07	14.55	12.89
Price/Book Value	- -	- -	- -	-4.41	-4.27	-4.1	-3.48	-2.92	-3.67	-3.04	-1.96
Price/Book Value Average	- -	- -	- -	-6.01	-5.15	-3.72	-3.88	-2.91	-3.11	-2.58	-2.02
Price/Book Value High	- -	- -	- -	-9.4	-6.32	-4.65	-4.67	-3.36	-3.79	-3.38	-2.34
Price/Book Value Low	- -	- -	- -	-4	-3.83	-2.69	-3.06	-2.48	-2.33	-2.09	-1.72
Price/Tangible Book Value	- -	- -	- -	12.95	14	145	-13.52	-10.09	-16.07	-7.65	-3.26
Price/Tangible Book Value Average	- -	- -	- -	17.64	16.89	131.6	-15.09	-10.07	-13.6	-6.49	-3.38
Price/Tangible Book Value High	- -	- -	- -	27.58	20.71	164.41	-18.18	-11.64	-16.62	-8.51	-3.91
Price/Tangible Book Value Low	- -	- -	- -	11.73	12.57	95.08	-11.89	-8.6	-10.2	-5.26	-2.87
Price/Sales	- -	- -	- -	5.26	4.44	4.8	4.41	3.48	4.02	3.75	2.96
Price/Sales Average	- -	- -	- -	7.17	5.35	4.36	4.92	3.47	3.4	3.18	3.06
Price/Sales High	- -	- -	- -	11.21	6.56	5.45	5.93	4.01	4.16	4.17	3.55
Price/Sales Low	- -	- -	- -	4.77	3.98	3.15	3.88	2.96	2.55	2.58	2.6
Price/Cash Flow	- -	- -	- -	17.22	13.95	16.11	13.05	10.14	12.83	10.69	7.84
Price/Cash Flow Average	- -	- -	- -	23.45	16.83	14.62	14.55	10.12	10.87	9.07	8.11
Price/Cash Flow High	- -	- -	- -	36.67	20.63	18.26	17.54	11.69	13.28	11.9	9.4
Price/Cash Flow Low	- -	- -	- -	15.59	12.52	10.56	11.47	8.64	8.15	7.36	6.88
Price/Free Cash Flow Average	- -	- -	- -	23.29	16.77	14.61	14.71	10.16	11	9.22	8.24
Price/Free Cash Flow High	- -	- -	- -	36.41	20.56	18.26	17.73	11.74	13.44	12.09	9.55
Price/Free Cash Flow Low	- -	- -	- -	15.49	12.48	10.56	11.59	8.68	8.25	7.48	7
EV/Sales Average	- -	0.62	0.32	6.91	5.63	4.78	5.77	4.36	3.97	3.84	4.13
EV/Sales High	- -	0.62	0.32	10.95	6.84	5.87	6.78	4.9	4.73	4.83	4.62
EV/Sales Low	- -	0.62	0.32	4.51	4.26	3.57	4.73	3.85	3.12	3.24	3.67
EV/EBITDA Average	- -	-273.58	5.28	-29.4	100.53	32.61	27.25	19.72	17.94	15.68	12.32
EV/EBITDA High	- -	-273.58	5.28	-46.59	122.14	40.03	32.03	22.16	21.36	19.73	13.77
EV/EBITDA Low	- -	-273.58	5.28	-19.19	76.06	24.36	22.33	17.43	14.09	13.23	10.94
EV/EBIT Average	- -	-2.69	-3.16	-19.47	-116.14	75.48	40.75	28.41	25.9	20.11	15.14
EV/EBIT High	- -	-2.69	-3.16	-30.86	-141.1	92.64	47.89	31.93	30.83	25.3	16.92
EV/EBIT Low	- -	-2.69	-3.16	-12.71	-87.87	56.38	33.38	25.1	20.34	16.96	13.45
Last Price	- -	- -	- -	20.43	17.91	22.19	24.54	22.38	29.48	30.04	27.8
High Price	- -	- -	- -	43.5	26.49	25.16	33	25.8	30.5	33.43	33.33
Enterprise Value Average	- -	520	360	9,621	9,349	9,148	12,458	10,129	9,931	9,777	10,416
Enterprise Value High	- -	520	360	15,244	11,359	11,228	14,640	11,383	11,822	12,306	11,638
Enterprise Value Low	- -	520	360	6,278	7,074	6,833	10,205	8,950	7,800	8,249	9,248

Shares Outstanding	- -	393	395	410	417	406	376	349	337	296	243
Diluted Weighted Avg Shares	359	359	393	359	412	414	396	363	346	323	273
Basic Weighted Avg Shares	359	359	393	359	412	414	388	361	341	318	268
Revenue per Share	1.68	2.36	2.82	3.88	4.04	4.62	5.56	6.44	7.33	8.01	9.4
EBITDA per Share	-0.44	-0.01	0.17	-0.91	0.23	0.68	1.18	1.42	1.62	1.96	3.15
Operating Income per Share	-0.85	-0.54	-0.29	-1.38	-0.2	0.29	0.79	0.99	1.12	1.53	2.56
Basic EPS, GAAP	-0.91	-0.59	-0.28	-1.35	-0.13	-0.62	0.87	1.53	1.33	1.42	1.89
Basic EPS from Cont Ops	-0.91	-0.59	-0.28	-1.35	-0.13	-0.62	0.87	1.53	1.33	1.42	1.89
Diluted EPS, GAAP	-0.91	-0.59	-0.28	-1.35	-0.13	-0.62	0.85	1.52	1.31	1.4	1.86
Diluted EPS from Cont Ops	-0.91	-0.59	-0.28	-1.35	-0.13	-0.62	0.85	1.52	1.31	1.4	1.86
Dividend per Share	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash Flow per Share	0.04	0.7	0.84	1.19	1.28	1.38	1.88	2.21	2.3	2.81	3.55
Free Cash Flow per Basic Share	0.03	0.68	0.84	1.18	1.28	1.38	1.86	2.2	2.3	2.81	3.55
Cash & Equivalents per Share	- -	0.98	1.09	3.04	2.82	2.71	4.43	3.72	3.97	5.01	3.87
Book Value per Share	- -	-2.61	-2.67	-4.63	-4.19	-5.41	-7.06	-7.67	-8.04	-9.89	-14.22
Tangible Book Value per Share	- -	-1.71	-1.6	1.58	1.28	0.15	-1.81	-2.22	-1.83	-3.93	-8.52

Dropbox, Inc.

Profitability (USD)

Credit (USD)

Liquidity (USD)

Working Capital (USD)

Enterprise Value (USD)

Multiples (USD)

Per Share Data Items (USD)