Box Management
Management criteria checks 4/4
Box's CEO is Aaron Levie, appointed in Apr 2005, has a tenure of 21.17 years. total yearly compensation is $257.08K, comprised of 63% salary and 37% bonuses, including company stock and options. directly owns 2.09% of the company’s shares, worth $76.46M. The average tenure of the management team and the board of directors is 5.8 years and 7.2 years respectively.
Key information
Aaron Levie
Chief executive officer
US$257.1k
Total compensation
| CEO salary percentage | 63.02% |
| CEO tenure | 21.2yrs |
| CEO ownership | 2.1% |
| Management average tenure | 5.8yrs |
| Board average tenure | 7.2yrs |
Recent management updates
Recent updates
Narrative Update • Jun 25
BOX: AI Upsell And Automation Prospects Will Offset Measured Cash Flow Outlook
Analysts have raised Box's implied fair value target to $29, a $1 increase supported by research that highlights expanding content automation and AI-driven upsell opportunities, while still basing the valuation on largely unchanged margin and cash flow expectations. Analyst Commentary Recent research on Box points to growing interest in the company’s content automation and AI offerings, with several firms updating their views and price targets based on a larger potential market across existing and adjacent use cases.
Narrative Update • Jun 11
BOX: AI Content Automation And Buybacks Will Drive Future Upside Potential
Narrative Update Overview The analyst price target for Box has been updated to $32.50. This level reflects analysts' views on a sizable $8b tier-upgrade opportunity, an additional $5b share gain potential from legacy migration, and improving AI driven revenue trends alongside largely steady margins and free cash flow expectations.Narrative Update • May 28
BOX: AI Content Automation And Buybacks Will Support Future Shareholder Returns
Analysts have nudged the price target on Box slightly higher, from $32.25 to $32.50, citing recent Street research that points to AI related product traction, low teens revenue growth, and an unchanged margin and cash flow profile that supports modestly stronger topline assumptions. Analyst Commentary Recent research on Box presents a mixed but constructive picture, with some analysts adjusting targets higher on AI related traction and others trimming targets as they reset expectations for software valuations and cash flow.Seeking Alpha • May 27
Box: RPO Soars As The Company Adds, Not Loses Seats
Summary Box stands out as a value play amid AI-driven market concentration, following a Q1 beat-and-raise and recent share price weakness. BOX trades at 2.8x EV/FY27 revenue and 16.4x FY27 P/E, which I view as unjustifiably low given its robust sales momentum and improved outlook. The company raised FY revenue growth guidance to 9% y/y (10% constant currency) and expects pro forma EPS of $1.56 with a 28% operating margin. Concerns over AI-driven SaaS disruption are overstated for BOX, whose core file-storage and collaboration services remain essential to enterprise IT. Read the full article on Seeking AlphaNarrative Update • May 03
BOX: AI Content Automation And Buybacks Will Support Future Cash Generation
Analysts have lowered their average price targets on Box to a range of $28 to $36, attributing the change to a modestly reduced implied future P/E ratio along with slight revisions to profit margin and free cash flow expectations. Analyst Commentary Recent research around Box reflects a mix of optimism about execution and free cash flow, alongside a more cautious stance on valuation and sector multiples.Narrative Update • Apr 18
BOX: AI Content Automation And Buybacks Will Support Long-Term Cash Generation
Analysts have reduced the Box fair value estimate from $35.63 to $32.25, reflecting lower revenue growth assumptions, a more conservative future P/E multiple, and recent cuts to price targets across the Street following updated free cash flow estimates and broader software sector multiples. Analyst Commentary Recent research updates on Box point to a mixed backdrop, with several firms trimming price targets, adjusting free cash flow assumptions, and aligning their models with current software sector multiples.Narrative Update • Apr 03
BOX: AI Tools And Buybacks Will Offset Tighter Market Focus On Cash
Analyst price targets for Box have been trimmed by a few dollars per share into a tighter $28 to $36 range, as analysts update free cash flow assumptions and adjust their models to reflect current software sector valuation multiples and what they view as a stronger revenue growth starting point based on recent guidance. Analyst Commentary Recent research updates cluster around a common theme: price targets are being reset, even as some analysts highlight solid recent execution and guidance.Narrative Update • Mar 20
BOX: AI Content Tools And Buybacks Will Support Cash Flow And Measured Outlook
Analysts have trimmed the Box fair value estimate from $26.00 to $25.00, reflecting slightly lower profit margin assumptions and a reduced future P/E multiple, in line with recent cuts to Street price targets that cite modestly lower free cash flow estimates and softer software sector valuations. Analyst Commentary Street research on Box has recently centered on lower price targets tied to updated free cash flow assumptions and softer software valuation multiples.Narrative Update • Mar 05
BOX: AI Content Tools Will Support Cash Flow Focus And Steady Outlook
Narrative Update on Box The blended analyst price target for Box has moved lower by a few dollars into the high $20s to mid $30s range, as analysts factor in updated post earnings models, stronger profit expectations, and a lower future P/E assumption, alongside sector wide focus on near term cash flow. Analyst Commentary Recent Street commentary around Box centers on lower price targets following the latest earnings update, with analysts recalibrating their models to reflect updated profit expectations, revised revenue assumptions, and a market that is putting more weight on near term cash generation.Narrative Update • Feb 19
BOX: AI Content Automation And Buybacks Will Drive Long-Term Workflow Upside
Analysts have maintained their Box price target at $35.63, with only small adjustments to assumptions around the discount rate, revenue growth, profit margin, and future P/E, resulting in a broadly unchanged outlook. What's in the News Box announced the general availability of Box Extract, a generative AI offering that turns unstructured content into structured metadata inside Box.Narrative Update • Feb 05
BOX: AI Partnerships And Content Automation Will Support Long-Term Workflow Upside
Analysts have maintained their fair value estimate for Box at $35.63 per share, incorporating a slightly higher discount rate and a marginally higher future P/E assumption. This reflects a more cautious view on risk while still indicating similar long-term earnings potential.Narrative Update • Jan 21
BOX: AI Content Agents Will Support Steady Outlook With Softer Margins
Analysts have kept their fair value estimate for Box steady at $26.00, with small tweaks to the discount rate, revenue growth, profit margin, and future P/E assumptions. These changes reflect modestly updated views on the company’s risk, earnings power, and longer term valuation profile.Analysis Article • Jan 07
Is Box, Inc. (NYSE:BOX) Trading At A 38% Discount?
Key Insights Using the 2 Stage Free Cash Flow to Equity, Box fair value estimate is US$47.29 Box's US$29.13 share price...Narrative Update • Jan 07
BOX: AI And Cloud Partnerships Will Drive Long-Term Content Workflow Upside
Analysts have lowered their price target on Box by about $0.63, citing slightly higher discount rates, a small adjustment to long term profit margin, and a modestly lower future P/E assumption in their models. What's in the News Autonomy launched an integration with Box that allows autonomous AI agents to read, write, analyze, and act on content stored in Box and connected SaaS tools.Narrative Update • Dec 18
BOX: AI Partnerships Will Leave Shares Exposed To Softer Profitability
Analysts have modestly raised their price target on Box to $26.00, citing slightly stronger long term revenue growth expectations that more than offset a marginally higher discount rate and a somewhat softer profit margin outlook. What's in the News Box issued guidance for the fourth quarter of fiscal 2026, projecting approximately $304 million in revenue, up about 9% year over year, and full year 2026 revenue of roughly $1.175 billion with a 7% GAAP operating margin (Corporate Guidance).Narrative Update • Dec 04
BOX: AI Partnerships On AWS And TCS Will Drive Long-Term Upside
Analysts have slightly lowered their price target on Box by 0.50 dollars to 36.25 dollars, citing a modestly higher discount rate and slightly lower profit margin expectations, partially offset by marginally stronger projected revenue growth. What's in the News Box issued new guidance for the fourth quarter of fiscal 2026, projecting approximately 304 million dollars in revenue, up 9 percent year over year, with a GAAP operating margin of about 11 percent and GAAP EPS of roughly 0.06 dollars, including a negative impact from non cash deferred tax expenses (Corporate Guidance).Narrative Update • Oct 22
Analysts Revise Outlook on Box Amid Strong AI Growth and Strategic Partnerships
Narrative Update on Box Analysts have slightly lowered their fair value estimate for Box to $36.75 from $37.50. Minor adjustments to growth and margin forecasts reflect a cautious but still optimistic outlook, following recent price target increases based on the company's strong fiscal Q2 results and anticipated benefits from artificial intelligence.Narrative Update • Aug 27
AI And Enterprise Advanced Will Improve Services Amid Margin Challenges
Driven by a higher future P/E ratio and increased discount rate reflecting upward earnings and risk adjustments, Box’s consensus Analyst Price Target has been modestly raised from $35.09 to $36.50. What's in the News Box expects Q3 revenue between $298 million and $299 million, up 8% year-over-year, and FY revenue between $1.170 billion and $1.175 billion, also up 8%; GAAP EPS guidance reflects negative impacts from non-cash deferred tax expenses partially offset by FX benefits.Analysis Article • Jul 31
Is Box (NYSE:BOX) Using Too Much Debt?
Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...Analysis Article • Jul 15
Box, Inc.'s (NYSE:BOX) Share Price Could Signal Some Risk
When close to half the companies in the United States have price-to-earnings ratios (or "P/E's") below 18x, you may...Analysis Article • Jun 30
An Intrinsic Calculation For Box, Inc. (NYSE:BOX) Suggests It's 30% Undervalued
Key Insights The projected fair value for Box is US$48.61 based on 2 Stage Free Cash Flow to Equity Box's US$34.00...Analysis Article • Jun 13
We Like These Underlying Return On Capital Trends At Box (NYSE:BOX)
What are the early trends we should look for to identify a stock that could multiply in value over the long term...Analysis Article • May 05
Do Box's (NYSE:BOX) Earnings Warrant Your Attention?
It's common for many investors, especially those who are inexperienced, to buy shares in companies with a good story...Analysis Article • Apr 19
Is Box (NYSE:BOX) Using Too Much Debt?
Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...Analysis Article • Apr 04
Is It Too Late To Consider Buying Box, Inc. (NYSE:BOX)?
Box, Inc. ( NYSE:BOX ), is not the largest company out there, but it received a lot of attention from a substantial...Analysis Article • Mar 19
Earnings Not Telling The Story For Box, Inc. (NYSE:BOX)
Box, Inc.'s ( NYSE:BOX ) price-to-earnings (or "P/E") ratio of 22x might make it look like a sell right now compared to...Seeking Alpha • Mar 06
Box: Getting Closer, But Wait For A Deeper Dip Before Buying
Summary Box's stock fell post-earnings despite strong Q4 results due to a modest FY25 outlook, but shares have rallied ~20% over the past year. At $32/share, Box's ~13x FCF valuation isn't attractive yet. I recommend waiting for a drop to $28 for a better buying opportunity. Box's revenue and billings growth accelerated slightly in Q4, and the company is expecting ~6% growth in FY26. Box's predictable growth and strong cash flow make it a reliable long-term investment, but timing the buy until the valuation drops further is the best move. Read the full article on Seeking AlphaAnalysis Article • Feb 27
An Intrinsic Calculation For Box, Inc. (NYSE:BOX) Suggests It's 33% Undervalued
Key Insights The projected fair value for Box is US$48.92 based on 2 Stage Free Cash Flow to Equity Current share price...Seeking Alpha • Feb 24
Box, Inc.: Small Company, Big Dreams
Summary Box, Inc. is a founder-led company with a growing customer base, but its net retention rate has been declining, raising concerns about future growth. Box's aggressive growth strategy includes cross-selling, upselling, and leveraging AI to enhance content management, but it faces stiff competition from industry giants like Microsoft and Google. Despite consistent revenue growth and profitability, Box's current stock price does not offer a sufficient margin of safety, making it a hold rather than a buy. I will monitor Box's new product launches and net retention rate before considering an investment, as the risks currently outweigh the potential rewards. Read the full article on Seeking AlphaAnalysis Article • Jan 29
We Like These Underlying Return On Capital Trends At Box (NYSE:BOX)
Did you know there are some financial metrics that can provide clues of a potential multi-bagger? Ideally, a business...Analysis Article • Jan 01
When Should You Buy Box, Inc. (NYSE:BOX)?
Box, Inc. ( NYSE:BOX ), might not be a large cap stock, but it saw significant share price movement during recent...Analysis Article • Dec 18
Here's Why We Think Box (NYSE:BOX) Might Deserve Your Attention Today
It's common for many investors, especially those who are inexperienced, to buy shares in companies with a good story...Analysis Article • Dec 05
Some Confidence Is Lacking In Box, Inc.'s (NYSE:BOX) P/E
With a price-to-earnings (or "P/E") ratio of 37.9x Box, Inc. ( NYSE:BOX ) may be sending very bearish signals at the...Seeking Alpha • Dec 04
Box: Fair Performance, But Fairly Priced (Rating Downgrade)
Summary Box has seen a 30%+ gain this year, outperforming the S&P 500, despite slowing growth and recent deceleration in billings. The Company's strengths include a large $74 billion TAM, enterprise focus, and improving profit margins, but it faces risks from commoditization and evolving AI requirements. Q3 revenue grew 5.5% y/y, slightly beating expectations, but billings growth was choppy and below revenue growth, posing risks for future estimates. Given BOX's fair valuation at a ~18x forward P/E and ~4x forward revenue, I recommend locking in gains on Box here, and I'm downgrading to a neutral rating. Read the full article on Seeking AlphaAnalysis Article • Nov 20
An Intrinsic Calculation For Box, Inc. (NYSE:BOX) Suggests It's 39% Undervalued
Key Insights Box's estimated fair value is US$53.94 based on 2 Stage Free Cash Flow to Equity Box is estimated to be...Analysis Article • Oct 21
These 4 Measures Indicate That Box (NYSE:BOX) Is Using Debt Safely
Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...Analysis Article • Sep 23
We Like These Underlying Return On Capital Trends At Box (NYSE:BOX)
There are a few key trends to look for if we want to identify the next multi-bagger. Ideally, a business will show two...CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Apr 30 2026 | n/a | n/a | US$95m |
| Jan 31 2026 | US$257k | US$162k | US$87m |
| Oct 31 2025 | n/a | n/a | US$187m |
| Jul 31 2025 | n/a | n/a | US$187m |
| Apr 30 2025 | n/a | n/a | US$194m |
| Jan 31 2025 | US$13m | US$162k | US$202m |
| Oct 31 2024 | n/a | n/a | US$118m |
| Jul 31 2024 | n/a | n/a | US$116m |
| Apr 30 2024 | n/a | n/a | US$107m |
| Jan 31 2024 | US$211k | US$164k | US$99m |
| Oct 31 2023 | n/a | n/a | US$30m |
| Jul 31 2023 | n/a | n/a | US$30m |
| Apr 30 2023 | n/a | n/a | US$21m |
| Jan 31 2023 | US$274k | US$180k | US$9m |
| Oct 31 2022 | n/a | n/a | -US$15m |
| Jul 31 2022 | n/a | n/a | -US$39m |
| Apr 30 2022 | n/a | n/a | -US$48m |
| Jan 31 2022 | US$293k | US$180k | -US$54m |
| Oct 31 2021 | n/a | n/a | -US$50m |
| Jul 31 2021 | n/a | n/a | -US$37m |
| Apr 30 2021 | n/a | n/a | -US$32m |
| Jan 31 2021 | US$288k | US$180k | -US$43m |
| Oct 31 2020 | n/a | n/a | -US$69m |
| Jul 31 2020 | n/a | n/a | -US$104m |
| Apr 30 2020 | n/a | n/a | -US$133m |
| Jan 31 2020 | US$233k | US$180k | -US$144m |
Compensation vs Market: Aaron's total compensation ($USD257.08K) is below average for companies of similar size in the US market ($USD6.87M).
Compensation vs Earnings: Aaron's compensation has been consistent with company performance over the past year.
CEO
Aaron Levie (41 yo)
21.2yrs
Tenure
US$257,076
Compensation
Mr. Aaron Levie is Co-Founder of Box, Inc. and serves as Chief Executive Officer and Director since April 2021. At Box, Inc., he also served as Chairman and Chief Executive Officer from December 2013 to Ap...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Co-Founder | 21.2yrs | US$257.08k | 2.09% $ 76.5m | |
| Co-Founder & CFO | 21.2yrs | US$4.68m | 0.80% $ 29.2m | |
| Chief Operating Officer | 2.6yrs | US$4.61m | 0.080% $ 2.9m | |
| VP, Chief Accounting Officer & Controller | 5.2yrs | no data | 0.084% $ 3.1m | |
| Chief Technology Officer | no data | no data | no data | |
| Global Chief Information Officer | 5yrs | no data | no data | |
| Vice President of Investor Relations | no data | no data | no data | |
| Chief Legal Officer & Corporate Secretary | 8.1yrs | no data | no data | |
| Chief Marketing Officer | 1.8yrs | no data | no data | |
| Chief People Officer & Senior VP | 6.4yrs | no data | no data | |
| Chief Customer Officer | no data | no data | no data | |
| Chairman & Representative Director K.K. Box Japan | no data | no data | no data |
5.8yrs
Average Tenure
48yo
Average Age
Experienced Management: BOX's management team is seasoned and experienced (5.8 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Co-Founder | 21.2yrs | US$257.08k | 2.09% $ 76.5m | |
| Lead Independent Director | 14.5yrs | US$286.87k | 0.077% $ 2.8m | |
| Independent Director | 6.3yrs | US$281.87k | 0.014% $ 508.0k | |
| Independent Director | 16.4yrs | US$259.37k | 0.037% $ 1.4m | |
| Independent Director | 8.1yrs | US$269.37k | 0.040% $ 1.4m | |
| Independent Chairman of the Board | 6.2yrs | US$384.25k | 0.047% $ 1.7m | |
| Independent Director | 2.1yrs | US$266.87k | 0.0079% $ 289.2k | |
| Independent Director | 3.8yrs | US$259.37k | 0.021% $ 761.7k |
7.2yrs
Average Tenure
61.5yo
Average Age
Experienced Board: BOX's board of directors are considered experienced (7.2 years average tenure).
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/06/28 02:40 |
| End of Day Share Price | 2026/06/26 00:00 |
| Earnings | 2026/04/30 |
| Annual Earnings | 2026/01/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
|
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| Market Prices | 30 years |
| |
| Ownership | 10 years |
| |
| Management | 10 years |
| |
| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Box, Inc. is covered by 22 analysts. 9 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Edward Magi | Berenberg |
| Joel Fishbein | BMO Capital Markets Equity Research |
| Matthew Bullock | BofA Global Research |