Box (BOX)
Market Price (5/11/2026): $25.725 | Market Cap: $3.7 BilSector: Information Technology | Industry: Application Software
Box (BOX)
Market Price (5/11/2026): $25.725Market Cap: $3.7 BilSector: Information TechnologyIndustry: Application Software
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 30%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 27% Attractive yieldFCF Yield is 8.6% Low stock price volatilityVol 12M is 35% Megatrend and thematic driversMegatrends include Cloud Computing, and Cybersecurity. Themes include Software as a Service (SaaS), and Cloud Security. | Weak multi-year price returns2Y Excs Rtn is -46%, 3Y Excs Rtn is -82% | Significant share based compensationSBC/Rev LTMShare Based Compensation / Revenue (Sales), Last Twelve Months (LTM) is 20% Key risksBOX key risks include [1] the erosion of its premium positioning by giant competitors with potentially superior products, Show more. |
| Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 30%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 27% |
| Attractive yieldFCF Yield is 8.6% |
| Low stock price volatilityVol 12M is 35% |
| Megatrend and thematic driversMegatrends include Cloud Computing, and Cybersecurity. Themes include Software as a Service (SaaS), and Cloud Security. |
| Weak multi-year price returns2Y Excs Rtn is -46%, 3Y Excs Rtn is -82% |
| Significant share based compensationSBC/Rev LTMShare Based Compensation / Revenue (Sales), Last Twelve Months (LTM) is 20% |
| Key risksBOX key risks include [1] the erosion of its premium positioning by giant competitors with potentially superior products, Show more. |
Qualitative Assessment
AI Analysis | Feedback
Box (BOX) stock has remained largely at the same level since 1/31/2026 because of the following key factors:
1. Box's Q4 Fiscal Year 2026 earnings beat, announced on March 3, 2026, failed to significantly propel the stock higher, indicating a balanced market reaction. The company reported an EPS of $0.49, surpassing analysts' consensus estimates of $0.33 by $0.16. Quarterly revenue also rose 9.4% year-over-year to $305.88 million, exceeding analyst estimates of $305.64 million. Despite these positive results, the stock experienced only a modest 1.44% increase in aftermarket trading following the announcement.
2. Mixed analyst sentiment and elevated valuation multiples likely capped significant upward movement. As of late April 2026, Box held a consensus rating ranging from "Buy" to "Hold" among analysts. While some analysts projected an average 12-month price upside of 31.20% to 53.85% from prices around $24, the company's trailing price-to-earnings (P/E) ratio stood at 40.99, and its forward P/E ratio was 71.14 as of early March 2026. This high valuation, coupled with some analyst downgrades (e.g., William Blair from Buy to Hold on March 23, 2026), suggests that the stock's price may have been seen as already reflecting much of its potential.
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1. Box's Q4 Fiscal Year 2026 earnings beat, announced on March 3, 2026, failed to significantly propel the stock higher, indicating a balanced market reaction. The company reported an EPS of $0.49, surpassing analysts' consensus estimates of $0.33 by $0.16. Quarterly revenue also rose 9.4% year-over-year to $305.88 million, exceeding analyst estimates of $305.64 million. Despite these positive results, the stock experienced only a modest 1.44% increase in aftermarket trading following the announcement.
2. Mixed analyst sentiment and elevated valuation multiples likely capped significant upward movement. As of late April 2026, Box held a consensus rating ranging from "Buy" to "Hold" among analysts. While some analysts projected an average 12-month price upside of 31.20% to 53.85% from prices around $24, the company's trailing price-to-earnings (P/E) ratio stood at 40.99, and its forward P/E ratio was 71.14 as of early March 2026. This high valuation, coupled with some analyst downgrades (e.g., William Blair from Buy to Hold on March 23, 2026), suggests that the stock's price may have been seen as already reflecting much of its potential.
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Stock Movement Drivers
Fundamental Drivers
The 1.5% change in BOX stock from 1/31/2026 to 5/10/2026 was primarily driven by a 98.4% change in the company's P/E Multiple.| (LTM values as of) | 1312026 | 5102026 | Change |
|---|---|---|---|
| Stock Price ($) | 25.35 | 25.72 | 1.5% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 1,151 | 1,177 | 2.3% |
| Net Income Margin (%) | 19.8% | 9.8% | -50.5% |
| P/E Multiple | 16.1 | 31.9 | 98.4% |
| Shares Outstanding (Mil) | 144 | 143 | 0.9% |
| Cumulative Contribution | 1.5% |
Market Drivers
1/31/2026 to 5/10/2026| Return | Correlation | |
|---|---|---|
| BOX | 1.5% | |
| Market (SPY) | 3.6% | 20.8% |
| Sector (XLK) | 22.1% | 20.0% |
Fundamental Drivers
The -19.9% change in BOX stock from 10/31/2025 to 5/10/2026 was primarily driven by a -51.7% change in the company's Net Income Margin (%).| (LTM values as of) | 10312025 | 5102026 | Change |
|---|---|---|---|
| Stock Price ($) | 32.09 | 25.72 | -19.9% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 1,126 | 1,177 | 4.6% |
| Net Income Margin (%) | 20.3% | 9.8% | -51.7% |
| P/E Multiple | 20.3 | 31.9 | 56.7% |
| Shares Outstanding (Mil) | 145 | 143 | 1.3% |
| Cumulative Contribution | -19.9% |
Market Drivers
10/31/2025 to 5/10/2026| Return | Correlation | |
|---|---|---|
| BOX | -19.9% | |
| Market (SPY) | 5.5% | 22.6% |
| Sector (XLK) | 17.1% | 23.2% |
Fundamental Drivers
The -17.6% change in BOX stock from 4/30/2025 to 5/10/2026 was primarily driven by a -56.3% change in the company's Net Income Margin (%).| (LTM values as of) | 4302025 | 5102026 | Change |
|---|---|---|---|
| Stock Price ($) | 31.22 | 25.72 | -17.6% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 1,090 | 1,177 | 8.0% |
| Net Income Margin (%) | 22.4% | 9.8% | -56.3% |
| P/E Multiple | 18.4 | 31.9 | 73.4% |
| Shares Outstanding (Mil) | 144 | 143 | 0.7% |
| Cumulative Contribution | -17.6% |
Market Drivers
4/30/2025 to 5/10/2026| Return | Correlation | |
|---|---|---|
| BOX | -17.6% | |
| Market (SPY) | 30.4% | 18.3% |
| Sector (XLK) | 68.1% | 18.2% |
Fundamental Drivers
The -2.8% change in BOX stock from 4/30/2023 to 5/10/2026 was primarily driven by a -77.5% change in the company's P/E Multiple.| (LTM values as of) | 4302023 | 5102026 | Change |
|---|---|---|---|
| Stock Price ($) | 26.46 | 25.72 | -2.8% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 991 | 1,177 | 18.8% |
| Net Income Margin (%) | 2.7% | 9.8% | 262.6% |
| P/E Multiple | 141.8 | 31.9 | -77.5% |
| Shares Outstanding (Mil) | 144 | 143 | 0.3% |
| Cumulative Contribution | -2.8% |
Market Drivers
4/30/2023 to 5/10/2026| Return | Correlation | |
|---|---|---|
| BOX | -2.8% | |
| Market (SPY) | 78.7% | 30.0% |
| Sector (XLK) | 137.6% | 26.1% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| BOX Return | 45% | 19% | -18% | 23% | -5% | -14% | 42% |
| Peers Return | 26% | -30% | 43% | 6% | 20% | -9% | 45% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | 7% | 95% |
Monthly Win Rates [3] | |||||||
| BOX Win Rate | 58% | 42% | 58% | 58% | 42% | 60% | |
| Peers Win Rate | 65% | 37% | 63% | 62% | 58% | 40% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 60% | |
Max Drawdowns [4] | |||||||
| BOX Max Drawdown | -4% | -14% | -24% | -5% | -10% | -29% | |
| Peers Max Drawdown | -4% | -37% | -5% | -16% | -15% | -26% | |
| S&P 500 Max Drawdown | -1% | -25% | -1% | -2% | -15% | -7% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: MSFT, GOOGL, DBX, OTEX, VEEV. See BOX Returns vs. Peers.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 5/8/2026 (YTD)
How Low Can It Go
| Event | BOX | S&P 500 |
|---|---|---|
| 2025 US Tariff Shock | ||
| % Loss | -19.2% | -18.8% |
| % Gain to Breakeven | 23.7% | 23.1% |
| Time to Breakeven | 50 days | 79 days |
| Summer-Fall 2023 Five Percent Yield Shock | ||
| % Loss | -23.8% | -9.5% |
| % Gain to Breakeven | 31.3% | 10.5% |
| Time to Breakeven | 308 days | 24 days |
| 2023 SVB Regional Banking Crisis | ||
| % Loss | -25.2% | -6.7% |
| % Gain to Breakeven | 33.7% | 7.1% |
| Time to Breakeven | 590 days | 31 days |
| 2022 Inflation Shock & Fed Tightening | ||
| % Loss | -14.2% | -24.5% |
| % Gain to Breakeven | 16.6% | 32.4% |
| Time to Breakeven | 8 days | 427 days |
| 2020 COVID-19 Crash | ||
| % Loss | -43.7% | -33.7% |
| % Gain to Breakeven | 77.7% | 50.9% |
| Time to Breakeven | 42 days | 140 days |
| Q4 2018 Fed Policy Error / Growth Scare | ||
| % Loss | -29.5% | -19.2% |
| % Gain to Breakeven | 41.9% | 23.7% |
| Time to Breakeven | 43 days | 105 days |
In The Past
Box's stock fell -19.2% during the 2025 US Tariff Shock. Such a loss loss requires a 23.7% gain to breakeven.
Preserve Wealth
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Asset Allocation
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| Event | BOX | S&P 500 |
|---|---|---|
| Summer-Fall 2023 Five Percent Yield Shock | ||
| % Loss | -23.8% | -9.5% |
| % Gain to Breakeven | 31.3% | 10.5% |
| Time to Breakeven | 308 days | 24 days |
| 2023 SVB Regional Banking Crisis | ||
| % Loss | -25.2% | -6.7% |
| % Gain to Breakeven | 33.7% | 7.1% |
| Time to Breakeven | 590 days | 31 days |
| 2020 COVID-19 Crash | ||
| % Loss | -43.7% | -33.7% |
| % Gain to Breakeven | 77.7% | 50.9% |
| Time to Breakeven | 42 days | 140 days |
| Q4 2018 Fed Policy Error / Growth Scare | ||
| % Loss | -29.5% | -19.2% |
| % Gain to Breakeven | 41.9% | 23.7% |
| Time to Breakeven | 43 days | 105 days |
| 2015-2016 China Devaluation / Global Growth Scare | ||
| % Loss | -37.4% | -12.2% |
| % Gain to Breakeven | 59.8% | 13.9% |
| Time to Breakeven | 216 days | 62 days |
| 2014-2016 Oil Price Collapse | ||
| % Loss | -60.7% | -6.8% |
| % Gain to Breakeven | 154.7% | 7.3% |
| Time to Breakeven | 650 days | 15 days |
| 2011 US Debt Ceiling Crisis & European Contagion | ||
| % Loss | -28.9% | -17.9% |
| % Gain to Breakeven | 40.7% | 21.8% |
| Time to Breakeven | 56 days | 123 days |
In The Past
Box's stock fell -19.2% during the 2025 US Tariff Shock. Such a loss loss requires a 23.7% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth.
Asset Allocation
Actively managed asset allocation strategies protect wealth. Learn more.
About Box (BOX)
Box, Inc. provides a cloud content management platform that enables organizations of various sizes to manage and share their content from anywhere on any device. The company's Software-as-a-Service platform enables users to collaborate on content internally and with external parties, automate content-driven business processes, develop custom applications, and implement data protection, security, and compliance features to comply with legal and regulatory requirements, internal policies, and industry standards and regulations. It offers web, mobile, and desktop applications for cloud content management on a platform for developing custom applications, as well as industry-specific capabilities. As of January 31, 2022, the company had approximately 100,000 paying organizations, and its solution was offered in 25 languages. It serves financial services, health care, government, and legal services industries in the United States and internationally. The company was formerly known as Box.net, Inc. and changed its name to Box, Inc. in November 2011. Box, Inc. was incorporated in 2005 and is headquartered in San Francisco Bay Area, California.
AI Analysis | Feedback
Box is like Dropbox for enterprise.
Box is like Salesforce, but for a company's documents and content.
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- Cloud Content Management Platform: A Software-as-a-Service platform enabling organizations to manage, store, and share content from anywhere on any device.
- Content Collaboration Tools: Features that facilitate internal and external collaboration on content, including real-time co-editing and secure sharing.
- Business Process Automation: Solutions designed to automate content-driven workflows and streamline various business processes.
- Application Development Platform: A platform for developers to build and integrate custom applications that leverage Box's content management capabilities.
- Data Protection, Security, and Compliance Features: Integrated functionalities ensuring content security, data protection, and adherence to legal, regulatory, and industry standards.
- Industry-Specific Capabilities: Specialized features and solutions tailored to meet the unique requirements of sectors like financial services, healthcare, government, and legal services.
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Box, Inc. (BOX) sells its cloud content management platform primarily to other companies and organizations (B2B). While the provided background information does not list specific major customer company names, it indicates that Box serves approximately 100,000 paying organizations across various industries. Its major customer segments or categories include:
- Financial services
- Health care
- Government
- Legal services
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- Amazon.com, Inc. (AMZN)
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Aaron Levie
Chief Executive Officer, Co-founder
Aaron Levie co-founded Box in 2005, dropping out of the University of Southern California to focus on the company. The idea for Box originated as a college business project in 2004. Under his leadership, Box, initially aimed at consumers, shifted its focus to business clients in 2007. He secured angel investment for Box from Mark Cuban.
Dylan Smith
Chief Financial Officer, Co-founder
Dylan Smith co-founded Box in 2005 and has served as its Chief Financial Officer since April 2005. He holds a B.A. in Economics from Duke University. Smith has been instrumental in building Box's business and finance infrastructure. He provided initial seed funding for Box from online poker winnings and had prior entrepreneurial endeavors, including a tutoring company and a college lofting business.
Olivia Nottebohm
Chief Operating Officer
Olivia Nottebohm oversees Box's day-to-day operations and strategic initiatives, focusing on driving operational efficiency and aligning company goals with long-term vision. She brings a wealth of experience from leadership roles at Google and Dropbox, with a background in global business operations, sales, and management consulting at McKinsey & Company.
Jon Herstein
Chief Customer Officer
Jon Herstein focuses on customer satisfaction and IT strategy for Box. He is also referred to as the Senior Vice President of Customer Success.
David Leeb
Chief Legal Officer & Corporate Secretary
David Leeb is responsible for overseeing Box's legal affairs.
AI Analysis | Feedback
The key risks to Box, Inc. (BOX) are as follows:
- Intense Competition: Box operates in a highly competitive cloud content management market, facing significant pressure from established players like Microsoft (with OneDrive and SharePoint bundled into Microsoft 365) and Google (with Google Drive and Workspace), as well as other competitors such as Dropbox and Adobe. These larger competitors often bundle their content management solutions with broader productivity suites, leading to pricing pressure and potential erosion of Box's market share.
- Cybersecurity Risks and Data Breaches: As a provider of cloud-based services that handle sensitive content for numerous organizations, Box faces substantial cybersecurity threats. Any security breach or even a perceived vulnerability could severely undermine customer trust, result in reputational damage, and lead to significant financial losses.
- Economic Uncertainty and Impact on IT Spending: Global economic uncertainty can cause a slowdown in overall IT spending by businesses, particularly affecting large, multi-year enterprise deals that are crucial for Box's revenue and billings growth.
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Increased consolidation and advanced AI integration within broader enterprise software suites offered by tech giants.
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Box, Inc. operates within several large addressable markets, primarily focused on cloud content management and related Software-as-a-Service (SaaS) solutions.
The global cloud enterprise content management (ECM) market, which directly aligns with Box's main offerings, was valued at approximately USD 35.62 billion in 2025 and is projected to grow to about USD 114.65 billion by 2035. North America is a significant region within this market, holding the largest share of 38% in 2025.
More broadly, the enterprise content management market, where Box maintains a competitive position, represents a substantial opportunity of USD 74 billion globally. Box has also indicated its total addressable market opportunity to be over USD 100 billion, driven by tailwinds in artificial intelligence and unstructured data.
For cloud-based content management services specifically, the global market was valued at US$2.3 billion in 2024 and is expected to reach US$7 billion by 2030. The U.S. market alone for these services was estimated at $619.8 million in 2024.
Considering the broader Software-as-a-Service (SaaS) market, which encompasses Box's deployment model, the global market size was USD 315.68 billion in 2025 and is projected to expand significantly to USD 1,482.44 billion by 2034. North America held the largest share of this global SaaS market in 2025, at 46.9%.
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Here are 5 expected drivers of future revenue growth for Box (BOX) over the next 2-3 years:
- Accelerated adoption of AI-powered Intelligent Content Management (ICM) and Enterprise Advanced suites: Box anticipates significant revenue growth from the continued development and adoption of its AI-driven features, including Box AI, Box Hubs, Box Extract, and Box Automate. The Enterprise Advanced offering, which bundles these capabilities, has demonstrated strong traction and higher pricing per seat, contributing a growing percentage to total revenue.
- Expansion of multi-product suites and increased seat growth within existing customers: Box is strategically focused on encouraging both new and existing customers to adopt its comprehensive multi-product suites. This strategy aims to drive higher average revenue per user through upselling and cross-selling additional functionalities and by increasing the number of seats utilized by existing organizations.
- Improved Net Retention Rate: The company expects an improved net retention rate, driven by the enhanced value proposition of its platform, particularly through upgrades to higher-tier offerings like Enterprise Advanced. This improvement indicates reduced customer churn and increased revenue generation from the existing customer base through both price increases and seat expansion.
- Strategic partnerships and ecosystem expansion: Box is leveraging strategic collaborations with major cloud providers, such as Google Cloud Platform (GCP), and system integrators to broaden its market reach. These partnerships are designed to create more efficient pathways for customer acquisition and product consumption, especially by enabling customers to utilize existing cloud credits for Box services.
- Monetization of API usage and AI unit consumption: As enterprises increasingly centralize their content on Box for AI use cases and deploy AI agents for workflows, Box anticipates growth in API calls and AI unit consumption. This presents an emerging revenue stream as the platform becomes more deeply integrated into AI-driven business processes.
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Share Repurchases
- Box completed repurchases of 47,316,000 shares for $1,276.35 million under a buyback plan announced on July 21, 2021, as of January 31, 2026.
- In fiscal year 2026, Box repurchased approximately 9.7 million shares for $293 million.
- As of January 31, 2026, approximately $59 million of buyback capacity remained under Box's current share repurchase plan.
Inbound Investments
- KKR and other investors, including Powell Investors III L.P., KKR-Milton Credit Holdings. L.P., KKR-NYC Credit C L.P., Tailored Opportunistic Credit Fund, and CPS Holdings (US) L.P., entered into an Investment Agreement with Box, Inc. on April 7, 2021, which includes KKR having the right to designate a candidate for election to the Board of Directors.
Outbound Investments
- Box acquired Alphamoon in August 2024.
- Box acquired Crooze in January 2024.
- Box acquired SignRequest for $55 million in February 2021.
Capital Expenditures
- Box's capital expenditures for fiscal years ending January 2021 to 2025 averaged $5.213 million.
- Capital expenditures peaked in January 2021 at $9.052 million and reached a 5-year low in January 2025 at $2.573 million.
- Box expects to continue investing in its infrastructure to meet the needs of its growing global user base and in its professional services organization (Box Consulting).
Latest Trefis Analyses
| Title | Date | |
|---|---|---|
| DASHBOARDS | ||
| Box (BOX) Stock Soars 10%: Q4 EPS Beat and Strong FY27 Guidance | 03/05/2026 | |
| Box Earnings Notes | 12/26/2025 | |
| How Low Can Box Stock Really Go? | 10/17/2025 | |
| How Does Box Stock Stack Up Against Its Peers? | 08/13/2025 | |
| Better Bet Than BOX Stock: Pay Less Than Box To Get More From NVDA, CRM | 08/12/2025 | |
| Better Bet Than BOX Stock: Pay Less Than Box To Get More From CRM, DOCU | 08/12/2025 | |
| BOX Dip Buy Analysis | 07/10/2025 | |
| ARTICLES | ||
| Thinking Outside The Box Stock: Time To Pick Alternatives? | 09/04/2024 |
Trade Ideas
Select ideas related to BOX.
| Date | Ticker | Company | Category | Trade Strategy | 6M Fwd Rtn | 12M Fwd Rtn | 12M Max DD |
|---|---|---|---|---|---|---|---|
| 04302026 | PLTR | Palantir Technologies | Monopoly | MY | Getting CheaperMonopoly-Like with P/S DeclineLarge cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple | 0.0% | 0.0% | 0.0% |
| 04102026 | ADSK | Autodesk | Dip Buy | DB | FCFY OPMDip Buy with High FCF Yield and High MarginBuying dips for companies with high FCF yield and meaningfully high operating margin | 8.5% | 8.5% | 0.0% |
| 04102026 | BSY | Bentley Systems | Dip Buy | DB | FCFY OPMDip Buy with High FCF Yield and High MarginBuying dips for companies with high FCF yield and meaningfully high operating margin | 4.2% | 4.2% | 0.0% |
| 04102026 | VEEV | Veeva Systems | Dip Buy | DB | FCFY OPMDip Buy with High FCF Yield and High MarginBuying dips for companies with high FCF yield and meaningfully high operating margin | 3.0% | 3.0% | 0.0% |
| 04102026 | ENPH | Enphase Energy | Dip Buy | DB | P/E OPMDip Buy with Low PE and High MarginBuying dips for companies with tame PE and meaningfully high operating margin | 5.7% | 5.7% | 0.0% |
Research & Analysis
Invest in Strategies
Wealth Management
Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 97.62 |
| Mkt Cap | 17.0 |
| Rev LTM | 4,202 |
| Op Inc LTM | 1,027 |
| FCF LTM | 1,198 |
| FCF 3Y Avg | 1,007 |
| CFO LTM | 1,209 |
| CFO 3Y Avg | 1,025 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 12.2% |
| Rev Chg 3Y Avg | 13.6% |
| Rev Chg Q | 12.7% |
| QoQ Delta Rev Chg LTM | 3.0% |
| Op Inc Chg LTM | 19.7% |
| Op Inc Chg 3Y Avg | 24.4% |
| Op Mgn LTM | 27.7% |
| Op Mgn 3Y Avg | 22.8% |
| QoQ Delta Op Mgn LTM | 0.7% |
| CFO/Rev LTM | 40.5% |
| CFO/Rev 3Y Avg | 36.4% |
| FCF/Rev LTM | 24.8% |
| FCF/Rev 3Y Avg | 26.9% |
Valuation
| Median | |
|---|---|
| Name | |
| Mkt Cap | 17.0 |
| P/S | 5.8 |
| P/Op Inc | 25.2 |
| P/EBIT | 22.2 |
| P/E | 27.3 |
| P/CFO | 14.2 |
| Total Yield | 4.2% |
| Dividend Yield | 0.1% |
| FCF Yield 3Y Avg | 5.3% |
| D/E | 0.1 |
| Net D/E | 0.0 |
Returns
| Median | |
|---|---|
| Name | |
| 1M Rtn | 19.5% |
| 3M Rtn | 4.0% |
| 6M Rtn | -17.0% |
| 12M Rtn | -5.1% |
| 3Y Rtn | 14.7% |
| 1M Excs Rtn | 9.0% |
| 3M Excs Rtn | -2.7% |
| 6M Excs Rtn | -26.8% |
| 12M Excs Rtn | -35.5% |
| 3Y Excs Rtn | -61.7% |
Comparison Analyses
Price Behavior
Price Behavior
| Market Price | $25.72 | |
| Market Cap ($ Bil) | 3.7 | |
| First Trading Date | 10/28/2010 | |
| Distance from 52W High | -33.3% | |
| 50 Days | 200 Days | |
| DMA Price | $24.19 | $28.68 |
| DMA Trend | down | down |
| Distance from DMA | 6.3% | -10.3% |
| 3M | 1YR | |
| Volatility | 44.5% | 35.6% |
| Downside Capture | 0.52 | 0.54 |
| Upside Capture | 101.59 | 49.24 |
| Correlation (SPY) | 16.2% | 17.1% |
BOX Betas & Captures as of 4/30/2026
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | 0.25 | 0.28 | 0.63 | 0.63 | 0.50 | 0.59 |
| Up Beta | -0.36 | -0.45 | -0.22 | 0.25 | 0.37 | 0.62 |
| Down Beta | -7.34 | -1.39 | -0.83 | -0.42 | -0.05 | 0.44 |
| Up Capture | 69% | 91% | 107% | 66% | 36% | 26% |
| Bmk +ve Days | 15 | 22 | 31 | 66 | 141 | 428 |
| Stock +ve Days | 13 | 24 | 33 | 59 | 116 | 364 |
| Down Capture | 487% | 106% | 156% | 139% | 109% | 91% |
| Bmk -ve Days | 4 | 18 | 30 | 56 | 108 | 321 |
| Stock -ve Days | 9 | 19 | 31 | 66 | 134 | 383 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with BOX | |
|---|---|---|---|---|
| BOX | -17.8% | 35.5% | -0.50 | - |
| Sector ETF (XLK) | 63.9% | 20.8% | 2.27 | 18.3% |
| Equity (SPY) | 29.0% | 12.5% | 1.83 | 18.4% |
| Gold (GLD) | 39.8% | 27.0% | 1.22 | -9.9% |
| Commodities (DBC) | 50.6% | 18.0% | 2.21 | -5.7% |
| Real Estate (VNQ) | 13.0% | 13.5% | 0.66 | 3.6% |
| Bitcoin (BTCUSD) | -17.4% | 42.1% | -0.34 | 14.8% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with BOX | |
|---|---|---|---|---|
| BOX | 3.9% | 32.7% | 0.17 | - |
| Sector ETF (XLK) | 21.2% | 24.8% | 0.76 | 39.1% |
| Equity (SPY) | 12.8% | 17.1% | 0.59 | 42.4% |
| Gold (GLD) | 20.9% | 17.9% | 0.95 | 1.8% |
| Commodities (DBC) | 13.8% | 19.1% | 0.59 | 9.3% |
| Real Estate (VNQ) | 3.4% | 18.8% | 0.08 | 32.8% |
| Bitcoin (BTCUSD) | 7.0% | 56.0% | 0.34 | 21.5% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with BOX | |
|---|---|---|---|---|
| BOX | 7.0% | 38.8% | 0.30 | - |
| Sector ETF (XLK) | 25.0% | 24.4% | 0.92 | 43.7% |
| Equity (SPY) | 15.1% | 17.9% | 0.72 | 42.9% |
| Gold (GLD) | 13.4% | 15.9% | 0.69 | 0.2% |
| Commodities (DBC) | 9.3% | 17.8% | 0.44 | 15.0% |
| Real Estate (VNQ) | 5.8% | 20.7% | 0.24 | 29.1% |
| Bitcoin (BTCUSD) | 67.8% | 66.9% | 1.07 | 14.6% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Earnings Returns History
Expand for More| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 3/3/2026 | 10.2% | 3.8% | -1.0% |
| 12/2/2025 | 6.7% | 3.7% | -5.4% |
| 8/26/2025 | 4.2% | 3.9% | 3.7% |
| 5/27/2025 | 17.2% | 22.0% | 8.6% |
| 3/4/2025 | -3.2% | -6.2% | -6.0% |
| 12/3/2024 | -7.7% | -5.6% | -8.5% |
| 8/27/2024 | 10.8% | 14.1% | 12.4% |
| 5/28/2024 | 8.6% | 11.6% | 4.8% |
| ... | |||
| SUMMARY STATS | |||
| # Positive | 15 | 15 | 13 |
| # Negative | 9 | 9 | 11 |
| Median Positive | 6.4% | 6.4% | 8.6% |
| Median Negative | -7.7% | -6.2% | -8.5% |
| Max Positive | 17.2% | 22.0% | 22.5% |
| Max Negative | -12.9% | -19.5% | -22.6% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 01/31/2026 | 03/09/2026 | 10-K |
| 10/31/2025 | 12/03/2025 | 10-Q |
| 07/31/2025 | 08/27/2025 | 10-Q |
| 04/30/2025 | 05/29/2025 | 10-Q |
| 01/31/2025 | 03/10/2025 | 10-K |
| 10/31/2024 | 12/04/2024 | 10-Q |
| 07/31/2024 | 08/30/2024 | 10-Q |
| 04/30/2024 | 05/30/2024 | 10-Q |
| 01/31/2024 | 03/11/2024 | 10-K |
| 10/31/2023 | 12/06/2023 | 10-Q |
| 07/31/2023 | 08/31/2023 | 10-Q |
| 04/30/2023 | 05/31/2023 | 10-Q |
| 01/31/2023 | 03/13/2023 | 10-K |
| 10/31/2022 | 12/02/2022 | 10-Q |
| 07/31/2022 | 08/31/2022 | 10-Q |
| 04/30/2022 | 06/02/2022 | 10-Q |
Recent Forward Guidance [BETA]
Latest: Q4 2026 Earnings Reported 3/3/2026
| Forward Guidance | Guidance Change | ||||||
|---|---|---|---|---|---|---|---|
| Metric | Low | Mid | High | % Chg | % Delta | Change | Prior |
| Q1 2027 Revenue | 304.00 Mil | 0 | Affirmed | Guidance: 304.00 Mil for Q4 2026 | |||
| Q1 2027 GAAP Operating Margin | 8.5% | -22.7% | -2.5% | Lowered | Guidance: 11.0% for Q4 2026 | ||
| Q1 2027 Non-GAAP Operating Margin | 27.5% | -8.3% | -2.5% | Lowered | Guidance: 30.0% for Q4 2026 | ||
| Q1 2027 GAAP EPS | 0.09 | 50.0% | Raised | Guidance: 0.06 for Q4 2026 | |||
| Q1 2027 Non-GAAP EPS | 0.36 | 9.1% | Raised | Guidance: 0.33 for Q4 2026 | |||
| 2027 Revenue | 1.27 Bil | 8.5% | Higher New | Guidance: 1.18 Bil for 2026 | |||
| 2027 GAAP Operating Margin | 9.5% | 35.7% | 2.5% | Higher New | Guidance: 7.0% for 2026 | ||
| 2027 Non-GAAP Operating Margin | 28.0% | 0 | 0 | Same New | Guidance: 28.0% for 2026 | ||
| 2027 GAAP EPS | 0.45 | 136.8% | Higher New | Guidance: 0.19 for 2026 | |||
| 2027 Non-GAAP EPS | 1.55 | 21.1% | Higher New | Guidance: 1.28 for 2026 | |||
Prior: Q3 2026 Earnings Reported 12/2/2025
| Forward Guidance | Guidance Change | ||||||
|---|---|---|---|---|---|---|---|
| Metric | Low | Mid | High | % Chg | % Delta | Change | Prior |
| Q4 2026 Revenue | 304.00 Mil | ||||||
| Q4 2026 GAAP Operating Margin | 11.0% | ||||||
| Q4 2026 Non-GAAP Operating Margin | 30.0% | ||||||
| Q4 2026 GAAP EPS | 0.06 | ||||||
| Q4 2026 Non-GAAP EPS | 0.33 | ||||||
| 2026 Revenue | 1.18 Bil | 0.2% | Raised | Guidance: 1.17 Bil for 2026 | |||
| 2026 GAAP Operating Margin | 7.0% | 0 | 0 | Affirmed | Guidance: 7.0% for 2026 | ||
| 2026 Non-GAAP Operating Margin | 28.0% | 0 | 0 | Affirmed | Guidance: 28.0% for 2026 | ||
| 2026 GAAP EPS | 0.19 | 0 | Affirmed | Guidance: 0.19 for 2026 | |||
| 2026 Non-GAAP EPS | 1.28 | 0.8% | Raised | Guidance: 1.27 for 2026 | |||
Insider Activity
Expand for More| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Nottebohm, Olivia | Chief Operating Officer | Direct | Sell | 5042026 | 25.00 | 5,942 | 148,550 | 14,280,225 | Form |
| 2 | Smith, Dylan C | Chief Financial Officer | Direct | Sell | 4142026 | 22.09 | 10,280 | 227,126 | 29,052,969 | Form |
| 3 | Berkovitch, Eli | VP Chief Acct Ofr & Controller | Direct | Sell | 4082026 | 23.85 | 24,500 | 584,300 | 2,277,961 | Form |
| 4 | Nottebohm, Olivia | Chief Operating Officer | Direct | Sell | 4082026 | 24.07 | 6,528 | 157,129 | 11,733,836 | Form |
| 5 | Evan, Dana L | Direct | Sell | 4082026 | 24.24 | 17,034 | 412,870 | 2,751,619 | Form |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
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