Dropbox Vergangene Ertragsentwicklung
Vergangenheit Kriterienprüfungen 3/6
Die Gewinne von Dropbox sind jährlich um durchschnittlich 32.9% gestiegen, während die Gewinne der Branche Software jährlich um gewachsen um 21.7% gestiegen sind. Die Umsätze sind jährlich um gewachsen 5.4% gestiegen.
Wichtige Informationen
32.91%
Wachstumsrate der Gewinne
36.43%
EPS-Wachstumsrate
| Software Wachstum der Industrie | 17.33% |
| Wachstumsrate der Einnahmen | 5.41% |
| Eigenkapitalrendite | n/a |
| Netto-Marge | 20.17% |
| Letzte Ertragsaktualisierung | 31 Dec 2025 |
Jüngste Aktualisierungen vergangener Leistungen
Recent updates
Analyse-Update • Apr 23
DBX: Future Earnings Will Depend On Core Resilience And Ongoing Buybacks
Analysts have trimmed Dropbox's implied price target to about $25.50, reflecting a modest adjustment to valuation assumptions as Street research cites mixed recent results, slower growth trends into 2026, and the need for clearer traction from newer products such as Dash. Analyst Commentary Recent Street research on Dropbox reflects a more cautious stance, with several firms lowering price targets and adjusting ratings as they reassess growth, execution on new products like Dash, and how much investors are willing to pay for the story.Analyse-Update • Apr 09
DBX: Future Earnings Profile Will Rely On Core Stability And Capital Returns
Analysts have trimmed their average price targets on Dropbox to a range centered around $25 to $27. This reflects ongoing concerns about growth challenges, mixed recent results, and the need for clearer traction from products like Dash before considering a more constructive stance.
Analyse-Update • Mar 26
DBX: Execution And Buybacks Will Shape Future Earnings Multiple Constraints
For Dropbox, the analyst price target in this framework increases from $20.00 to $21.00 as analysts factor in recent target cuts from Citi, UBS, RBC Capital, and JPMorgan, along with updated assumptions for growth, profitability, and future P/E. Analyst Commentary Recent Street research on Dropbox reflects a cautious tone, with several bearish analysts trimming price targets and one downgrade in coverage.Analyse-Update • Mar 11
DBX: Future Earnings Profile Will Depend On Core Stability And New Product Execution
Our updated narrative trims the analyst price target for Dropbox from $28.57 to $25.50, reflecting a series of recent target cuts from $30 to $27, $27 to $23, $35 to $30, and $29 to $25 as analysts point to ongoing growth challenges, mixed results, and limited evidence of traction from newer products like Dash. Analyst Commentary Recent research points to a more cautious stance on Dropbox, with several firms trimming their price targets and emphasizing execution on growth initiatives and new products like Dash as key swing factors for valuation.
Analyse-Update • Feb 25
DBX: Buybacks And AI Investment Will Support Higher Future Pricing
The analyst price target for Dropbox has been reduced from $35 to $30 as analysts factor in mixed recent results, ongoing growth challenges, and questions around the pace of adoption and monetization for new products like Dash. Analyst Commentary Recent Street research on Dropbox reflects a cautious stance overall, but there are still some constructive signals for investors who are focused on execution and valuation.Seeking Alpha • Feb 20
Dropbox: Rich FCF That Can't Be Sustained As Users Leave
Summary Dropbox faces structural headwinds, with Q4 results revealing user contraction and declining ARPU, reinforcing my 'Sell' rating. DBX guides for FY26 revenue of $2.485–$2.5 billion, implying -1.6% to -0.8% y/y growth and margin de-leverage to 39.0–39.5%. Despite a low 8.5x EV/FY26 FCF multiple, DBX's profit sustainability is questionable amid ongoing user and revenue declines. Current operational deterioration is visible in DBX’s metrics, not just theoretical AI risk, warranting continued caution and capital allocation elsewhere. Read the full article on Seeking AlphaAnalyse-Update • Feb 11
DBX: Execution And Competitive Pressures Will Constrain Future Earnings Multiple
Analysts kept their $20.00 fair value estimate for Dropbox steady while slightly adjusting assumptions around discount rate, revenue growth, margins and future P/E to reflect updated views on the risk profile and earnings power, without changing the overall valuation anchor. Analyst Commentary While the fair value estimate for Dropbox remains unchanged at $20.00, some elements of Street research highlight risks that readers should keep in mind when thinking about valuation and execution.Analyse-Update • Jan 26
DBX: Q3 Margin Strength And Guidance Shifts Will Shape Fair Value Outlook
Analysts have inched their fair value estimate for Dropbox higher to $28.57 from $28.13, reflecting updated assumptions around a slightly higher discount rate, a modest decline in expected revenue growth, a marginally stronger profit margin, and a lower future P/E multiple in light of recent research that includes RBC Capital's price target move to $38 after what it called decent Q3 results. Analyst Commentary Recent Street research on Dropbox has focused on how the latest quarterly results line up against expectations and what that might mean for valuation.Analyse-Update • Jan 11
DBX: Q3 Outperformance And Buybacks Will Support Higher Future Pricing
Analysts raised their fair value estimate for Dropbox to US$35 from US$32, citing the recent price target increase from US$35 to US$38 at RBC Capital and research that highlights stronger than expected Q3 revenue, billings, and operating margins, despite slightly softer annual recurring revenue. Analyst Commentary For Dropbox, bullish analysts are pointing to the recent price target increase to US$38 as a sign of confidence in how the company is executing against expectations.Analyse-Update • Dec 13
DBX: Rising Execution Risks Will Pressure Long Term Earnings Multiple
Analysts have modestly reduced their fair value estimate for Dropbox from $23.00 to $20.00 per share, reflecting a higher assumed discount rate, while also acknowledging slightly better long term margin prospects and a lower future earnings multiple. Analyst Commentary While recent earnings have demonstrated resilient profitability and solid execution, bearish analysts continue to flag a disconnect between Dropbox's share price and its long term fundamental outlook.Analyseartikel • May 08
Why We Think Shareholders May Be Considering Bumping Up Dropbox, Inc.'s (NASDAQ:DBX) CEO Compensation
Key Insights Dropbox to hold its Annual General Meeting on 15th of May Total pay for CEO Drew Houston includes...Seeking Alpha • Mar 21
Dropbox: Losing Customers, Market Share, And Revenue
Summary Dropbox has faced near-zero growth and a stiff decline, struggling to compete with rivals like Box, which shows better growth rates. Despite a 10% gain over the past year, Dropbox's poor Q4 earnings and bleak FY25 outlook signal continued customer loss and revenue decline. Dropbox's subsidiary FormSwift is underperforming, and the company's AI product, Dropbox Dash, lacks compelling differentiation, worsening its competitive stance. Despite a cheap FCF multiple under 10x, given Dropbox's poor outlook and lack of growth prospects, it's advisable to steer clear and invest elsewhere. Read the full article on Seeking AlphaSeeking Alpha • Feb 26
Dropbox: I Expect Further Downside
Summary Dropbox shares are down around 15% since reporting Q4'24, guiding for revenue and user decline in 2025. The core business looks to be deteriorating with a vulnerable 80% gross margin and increased competition from other cloud storage providers. Dropbox Dash, the company's pivot to universal search, is so far not generating revenue and the product will likely face competition from other AI and big tech alternatives. I previously rated shares a sell at around $31, but I expect more downside from here. Read the full article on Seeking AlphaSeeking Alpha • Feb 18
Dropbox: Low Growth, Fair Valuation And Competition Risks
Summary Dropbox operates in a competitive market, showing strong features but limited EPS growth, leading to a "hold" rating. The company enhances governance and collaboration, reduces capex, and uses gen AI for productivity. Financially, Dropbox has better gross margins than Box but lags in revenue growth and efficiency, issuing significant debt for buybacks. Workforce restructuring and improved data governance in Dash AI present opportunities, but low growth and competition pose risks. Read the full article on Seeking AlphaSeeking Alpha • Jan 29
Dropbox: Terminal Value Component Remains An Enduring Question Mark
Summary Dropbox's attractive financials are overshadowed by concerns about terminal value risk, leading to market discounting and heightened stock volatility. Management's continued R&D spending despite stagnant growth raises questions, highlighted by a frustrating earnings call comparison to Netflix's evolution. Dropbox's efforts like Paper, Spaces, and Dash reflect survivorship bias, with many initiatives failing to reignite growth. We anticipated more aggressive acquisitions, but recent moves seem tangential, prompting us to step back and reconsider our investment stance. Read the full article on Seeking AlphaSeeking Alpha • Dec 27
Dropbox: Redundant With No Credible Pivots
Summary Dropbox is priced as a premium service but offers little more than its competitors. Growth in paying users has come to almost a halt, and canceling subscribers are unlikely to return. DBX's model was made for a different age. Today, users increasingly expect cloud storage to be free or as a benefit of signing up to a big tech ecosystem. Shares traded down to around $20 this year after DBX reported a decline in paying users in Q4'23 and guided below street expectations. Since then, shares have, in my opinion, unjustifiably rallied back to around $30. My outlook for Dropbox suggests shares should be valued at around $16 presenting a significant downside. Read the full article on Seeking AlphaSeeking Alpha • Nov 12
Dropbox: This Situation Is A Falling Knife
Summary Dropbox's user growth has nearly halted, with revenue growth sliding to low single digits and customer acquisition faltering, signaling more downside ahead. Dropbox faces stiff competition from Box and Google Drive, leading to an existential crisis and a major slowdown in user acquisition. Despite large free cash flows, Dropbox maintains a net debt position and lowered its cash flow guidance, pushing it further from its $1 billion FCF goal. AI features haven't boosted Dropbox's top-line growth, and increased churn rates question the stickiness and value of its subscription revenue base. Read the full article on Seeking AlphaSeeking Alpha • Oct 03
Dropbox: Business Has A Poor Competitive Position
Summary My recommendation for Dropbox is a hold rating due to its structurally disadvantaged position against larger competitors like OneDrive and Google Drive. Despite its competitive challenges, DBX remains a cash-generative business, with management actively returning capital to shareholders through buybacks and exploring ways to improve its FCF profile. DBX is not able to compete effectively, especially in a challenging macro environment. Read the full article on Seeking AlphaSeeking Alpha • Sep 02
Dropbox: A Buyout Might Save This From The Stall Warning (Technical Analysis)
Summary Lyn Alden is neutral on Dropbox, citing stalled revenue growth but noting it's priced cheaply and could be an acquisition target. Our methodology focuses on human behavioral patterns in price structures, differing from traditional technical analysis. Current Dropbox chart analysis suggests a bearish scenario, with potential downside plays and risk defined by recent highs. Embrace our unique approach to market analysis for reliable guidance and risk management in trading and investing. Read the full article on Seeking Alpha
Neue Analyse • Aug 27
Expanding Into AI With Dash Could Spur Growth Amidst Team Segment Struggles And Margin Pressures
Enhanced features like AI-enabled Dash and FSS encryption aim to boost revenue by attracting new users and retaining existing ones.Seeking Alpha • Aug 12
After Earnings Beat, Dropbox Growth Is Worth Keeping An Eye On
Summary Dropbox has seen slowing growth, but beat earnings estimates last week and reported 18.22 million paying users. The company offers various premium services related to data storage and sharing, investing in AI technology for a competitive advantage. Dropbox's balance sheet shows negative shareholder equity, but manageable debt with potential for growth if user conversion to paid services continues. Read the full article on Seeking AlphaSeeking Alpha • Jun 06
Dropbox: The Growth Engine Has Sputtered (Rating Downgrade)
Summary Dropbox's stock has dropped over 20% this year, with slowing growth and disappointing Q1 results. The company cited conversion issues at the top of its funnel, stemming from its decision to focus on middle-priced SKU tiers. Q1 revenue growth not only decelerated sharply and declined sequentially from Q4, but also lagged several points behind rival Box's growth rate. The only positive offsets for Dropbox are a rich operating margin (~37%) and a cheap FCF multiple, but growth issues will likely keep the stock from re-rating to a normalized multiple. Read the full article on Seeking AlphaSeeking Alpha • May 07
Dropbox: Attractive Forward Returns With Upside
Summary Dropbox has nearly reached its $1 billion free cash flow target for 2024, demonstrating its resilience and future prospects. The company's consistent recurring revenue and robust cash flow generation make it a great candidate for a private equity style take-out. Dropbox's strength lies in its impressive user retention and "stickiness" factor, giving it an edge over competitors. Read the full article on Seeking AlphaSeeking Alpha • Apr 02
Dropbox: Revenue Growth May Come Under Pressure (Rating Downgrade)
Summary Dropbox is facing challenges with slowing product adoption and a skewed customer mix, which may put pressure on its revenue growth. The company's financial prudence and margin improvement efforts are commendable, but it fell short of its free cash target in FY23. Dropbox's valuation suggests it is trading in the fair value range, leading to a neutral stance on the stock. Read the full article on Seeking AlphaAufschlüsselung der Einnahmen und Ausgaben
Aufschlüsselung der Einnahmen und Ausgaben
Wie Dropbox Geld verdient und ausgibt. Basierend auf den neuesten gemeldeten Einnahmen der letzten zwölf Monate.
Gewinn- und Umsatzhistorie
| Datum | Einnahmen | Gewinn | Allgemeine und Verwaltungskosten | F&E-Ausgaben |
|---|---|---|---|---|
| 31 Dec 25 | 2,521 | 508 | 599 | 730 |
| 30 Sep 25 | 2,528 | 503 | 617 | 757 |
| 30 Jun 25 | 2,533 | 485 | 642 | 800 |
| 31 Mar 25 | 2,542 | 470 | 669 | 843 |
| 31 Dec 24 | 2,548 | 452 | 687 | 885 |
| 30 Sep 24 | 2,540 | 577 | 691 | 894 |
| 30 Jun 24 | 2,534 | 584 | 683 | 884 |
| 31 Mar 24 | 2,522 | 517 | 682 | 893 |
| 31 Dec 23 | 2,502 | 454 | 695 | 909 |
| 30 Sep 23 | 2,465 | 555 | 675 | 925 |
| 30 Jun 23 | 2,423 | 524 | 670 | 937 |
| 31 Mar 23 | 2,374 | 543 | 657 | 916 |
| 31 Dec 22 | 2,325 | 553 | 632 | 892 |
| 30 Sep 22 | 2,292 | 350 | 634 | 855 |
| 30 Jun 22 | 2,251 | 342 | 647 | 815 |
| 31 Mar 22 | 2,209 | 368 | 640 | 786 |
| 31 Dec 21 | 2,158 | 336 | 651 | 756 |
| 30 Sep 21 | 2,097 | -135 | 657 | 731 |
| 30 Jun 21 | 2,034 | -177 | 655 | 727 |
| 31 Mar 21 | 1,971 | -248 | 667 | 727 |
| 31 Dec 20 | 1,914 | -256 | 651 | 728 |
| 30 Sep 20 | 1,856 | 83 | 651 | 728 |
| 30 Jun 20 | 1,797 | 33 | 650 | 717 |
| 31 Mar 20 | 1,731 | -6 | 654 | 694 |
| 31 Dec 19 | 1,661 | -53 | 669 | 662 |
| 30 Sep 19 | 1,591 | -56 | 654 | 622 |
| 30 Jun 19 | 1,523 | -44 | 630 | 582 |
| 31 Mar 19 | 1,461 | -27 | 597 | 540 |
| 31 Dec 18 | 1,392 | -485 | 723 | 768 |
| 30 Sep 18 | 1,321 | -513 | 713 | 735 |
| 30 Jun 18 | 1,248 | -521 | 682 | 699 |
| 31 Mar 18 | 1,175 | -544 | 656 | 670 |
| 31 Dec 17 | 1,107 | -112 | 471 | 380 |
| 30 Sep 17 | 1,039 | -103 | 419 | 350 |
| 30 Jun 17 | 974 | -132 | 393 | 328 |
| 31 Mar 17 | 900 | -174 | 369 | 309 |
| 31 Dec 16 | 845 | -210 | 358 | 290 |
| 31 Dec 15 | 604 | -326 | 301 | 202 |
Qualität der Erträge: DBX hat hohe Qualitätseinkünfte.
Wachsende Gewinnspanne: DBXDie aktuellen Gewinnspannen (20.2%) sind höher als im letzten Jahr (17.7%).
Analyse von freiem Cashflow und Gewinn
Analyse des Gewinnwachstums in der Vergangenheit
Ergebnisentwicklung: DBX ist in den letzten 5 Jahren profitabel geworden und hat seinen Gewinn um 32.9% pro Jahr gesteigert.
Beschleunigtes Wachstum: DBXDas Gewinnwachstum des Unternehmens im letzten Jahr (12.4%) liegt unter seinem 5-Jahres-Durchschnitt (32.9% pro Jahr).
Erträge im Vergleich zur Industrie: DBX Das Gewinnwachstum im vergangenen Jahr (12.4%) übertraf nicht die Entwicklung der Branche Software 14.3% .
Eigenkapitalrendite
Hohe Eigenkapitalrendite: DBXDie Verbindlichkeiten des Unternehmens übersteigen seine Vermögenswerte, so dass es schwierig ist, seine Eigenkapitalrendite zu berechnen.
Kapitalrendite
Rendite auf das eingesetzte Kapital
Entdecken Sie starke Unternehmen, die in der Vergangenheit erfolgreich waren
Unternehmensanalyse und Finanzdaten Status
| Daten | Zuletzt aktualisiert (UTC-Zeit) |
|---|---|
| Unternehmensanalyse | 2026/05/07 03:52 |
| Aktienkurs zum Tagesende | 2026/05/07 00:00 |
| Gewinne | 2025/12/31 |
| Jährliche Einnahmen | 2025/12/31 |
Datenquellen
Die in unserer Unternehmensanalyse verwendeten Daten stammen von S&P Global Market Intelligence LLC. Die folgenden Daten werden in unserem Analysemodell verwendet, um diesen Bericht zu erstellen. Die Daten sind normalisiert, was zu einer Verzögerung bei der Verfügbarkeit der Quelle führen kann.
| Paket | Daten | Zeitrahmen | Beispiel US-Quelle * |
|---|---|---|---|
| Finanzdaten des Unternehmens | 10 Jahre |
| |
| Konsensschätzungen der Analysten | +3 Jahre |
|
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| Marktpreise | 30 Jahre |
| |
| Eigentümerschaft | 10 Jahre |
| |
| Verwaltung | 10 Jahre |
| |
| Wichtige Entwicklungen | 10 Jahre |
|
* Beispiel für US-Wertpapiere, für nicht-US-amerikanische Wertpapiere werden gleichwertige regulatorische Formulare und Quellen verwendet.
Sofern nicht anders angegeben, beziehen sich alle Finanzdaten auf einen Jahreszeitraum, werden aber vierteljährlich aktualisiert. Dies wird als Trailing Twelve Month (TTM) oder Last Twelve Month (LTM) Daten bezeichnet. Erfahren Sie mehr.
Analysemodell und Schneeflocke
Einzelheiten zu dem Analysemodell, mit dem dieser Bericht erstellt wurde, finden Sie auf unserer Github-Seite. Außerdem bieten wir Leitfäden zur Verwendung unserer Berichte und Tutorials auf YouTube an.
Erfahren Sie mehr über das Weltklasse-Team, das das Simply Wall St-Analysemodell entworfen und entwickelt hat.
Metriken für Industrie und Sektor
Unsere Branchen- und Sektionskennzahlen werden alle 6 Stunden von Simply Wall St berechnet. Details zu unserem Verfahren finden Sie auf Github.
Analysten-Quellen
Dropbox, Inc. wird von 21 Analysten beobachtet. 7 dieser Analysten hat die Umsatz- oder Gewinnschätzungen übermittelt, die als Grundlage für unseren Bericht dienen. Die von den Analysten übermittelten Daten werden im Laufe des Tages aktualisiert.
| Analyst | Einrichtung |
|---|---|
| Edward Magi | Berenberg |
| Zane Chrane | Bernstein |
| Matthew Bullock | BofA Global Research |