Dropbox (DBX)
Market Price (5/5/2026): $25.07 | Market Cap: $6.3 BilSector: Information Technology | Industry: Application Software
Dropbox (DBX)
Market Price (5/5/2026): $25.07Market Cap: $6.3 BilSector: Information TechnologyIndustry: Application Software
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
Attractive yieldTotal YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 8.1%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 4.3%, FCF Yield is 15% Attractive operating marginsOp Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is 27% Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 38%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 37% Stock buyback supportStock Buyback 3Y Total is 3.5 Bil Low stock price volatilityVol 12M is 27% Megatrend and thematic driversMegatrends include Cloud Computing, and Future of Work. Themes include Software as a Service (SaaS), Remote Work Tools, Show more. | Weak multi-year price returns2Y Excs Rtn is -37%, 3Y Excs Rtn is -50% Meaningful short interestShort Interest % of Basic SharesShort Interest % of Basic Shares = (Short Interest Quantity) / (Basic Shares Outstanding). A high fraction of short interest can indicate potential risk of a short squeeze. is 10% | Weak revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is -1.1%, Rev Chg QQuarterly Revenue Change % is -1.1% Significant share based compensationSBC/Rev LTMShare Based Compensation / Revenue (Sales), Last Twelve Months (LTM) is 12% Key risksDBX key risks include [1] intense competition from bundled services offered by tech giants, Show more. |
| Attractive yieldTotal YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 8.1%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 4.3%, FCF Yield is 15% |
| Attractive operating marginsOp Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is 27% |
| Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 38%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 37% |
| Stock buyback supportStock Buyback 3Y Total is 3.5 Bil |
| Low stock price volatilityVol 12M is 27% |
| Megatrend and thematic driversMegatrends include Cloud Computing, and Future of Work. Themes include Software as a Service (SaaS), Remote Work Tools, Show more. |
| Weak multi-year price returns2Y Excs Rtn is -37%, 3Y Excs Rtn is -50% |
| Meaningful short interestShort Interest % of Basic SharesShort Interest % of Basic Shares = (Short Interest Quantity) / (Basic Shares Outstanding). A high fraction of short interest can indicate potential risk of a short squeeze. is 10% |
| Weak revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is -1.1%, Rev Chg QQuarterly Revenue Change % is -1.1% |
| Significant share based compensationSBC/Rev LTMShare Based Compensation / Revenue (Sales), Last Twelve Months (LTM) is 12% |
| Key risksDBX key risks include [1] intense competition from bundled services offered by tech giants, Show more. |
Qualitative Assessment
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1. Flat Revenue Outlook and Limited Growth in Core Business.
Dropbox reported Q4 2025 revenue of $636.2 million, a decrease of 1.1% year-over-year. Excluding the impact of its FormSwift wind-down, constant currency revenue was nearly flat, growing only 0.4%. For the full year 2026, the company projects flat revenue, signaling a lack of significant top-line expansion, which contributes to a stagnant stock price.
2. Strategic Investments in AI (Dash) Without Immediate Expected Margin Expansion.
Dropbox is actively transitioning into an AI-powered "Smart Workspace," with its key innovation being Dropbox Dash, an AI-powered universal search engine. However, the company plans "material Dash investments" throughout 2026 and does not anticipate margin expansion for the year. This significant strategic pivot, while aiming for future growth, indicates that the immediate financial impact is not expected to boost profitability or stock performance in the short term, leading to a wait-and-see approach from investors.
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Stock Movement Drivers
Fundamental Drivers
The -1.6% change in DBX stock from 1/31/2026 to 5/4/2026 was primarily driven by a -6.8% change in the company's P/E Multiple.| (LTM values as of) | 1312026 | 5042026 | Change |
|---|---|---|---|
| Stock Price ($) | 25.48 | 25.08 | -1.6% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 2,528 | 2,521 | -0.3% |
| Net Income Margin (%) | 19.9% | 20.2% | 1.5% |
| P/E Multiple | 13.2 | 12.3 | -6.8% |
| Shares Outstanding (Mil) | 261 | 250 | 4.4% |
| Cumulative Contribution | -1.6% |
Market Drivers
1/31/2026 to 5/4/2026| Return | Correlation | |
|---|---|---|
| DBX | -1.6% | |
| Market (SPY) | 3.6% | 14.4% |
| Sector (XLK) | 12.8% | 19.6% |
Fundamental Drivers
The -13.5% change in DBX stock from 10/31/2025 to 5/4/2026 was primarily driven by a -24.2% change in the company's P/E Multiple.| (LTM values as of) | 10312025 | 5042026 | Change |
|---|---|---|---|
| Stock Price ($) | 29.00 | 25.08 | -13.5% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 2,533 | 2,521 | -0.5% |
| Net Income Margin (%) | 19.2% | 20.2% | 5.2% |
| P/E Multiple | 16.3 | 12.3 | -24.2% |
| Shares Outstanding (Mil) | 272 | 250 | 9.0% |
| Cumulative Contribution | -13.5% |
Market Drivers
10/31/2025 to 5/4/2026| Return | Correlation | |
|---|---|---|
| DBX | -13.5% | |
| Market (SPY) | 5.5% | 15.9% |
| Sector (XLK) | 8.1% | 16.1% |
Fundamental Drivers
The -12.2% change in DBX stock from 4/30/2025 to 5/4/2026 was primarily driven by a -35.1% change in the company's P/E Multiple.| (LTM values as of) | 4302025 | 5042026 | Change |
|---|---|---|---|
| Stock Price ($) | 28.55 | 25.08 | -12.2% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 2,548 | 2,521 | -1.1% |
| Net Income Margin (%) | 17.7% | 20.2% | 13.6% |
| P/E Multiple | 19.0 | 12.3 | -35.1% |
| Shares Outstanding (Mil) | 301 | 250 | 20.4% |
| Cumulative Contribution | -12.2% |
Market Drivers
4/30/2025 to 5/4/2026| Return | Correlation | |
|---|---|---|
| DBX | -12.2% | |
| Market (SPY) | 30.4% | 21.3% |
| Sector (XLK) | 55.2% | 18.9% |
Fundamental Drivers
The 23.3% change in DBX stock from 4/30/2023 to 5/4/2026 was primarily driven by a 40.9% change in the company's Shares Outstanding (Mil).| (LTM values as of) | 4302023 | 5042026 | Change |
|---|---|---|---|
| Stock Price ($) | 20.34 | 25.08 | 23.3% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 2,325 | 2,521 | 8.4% |
| Net Income Margin (%) | 23.8% | 20.2% | -15.2% |
| P/E Multiple | 12.9 | 12.3 | -4.8% |
| Shares Outstanding (Mil) | 352 | 250 | 40.9% |
| Cumulative Contribution | 23.3% |
Market Drivers
4/30/2023 to 5/4/2026| Return | Correlation | |
|---|---|---|
| DBX | 23.3% | |
| Market (SPY) | 78.7% | 41.6% |
| Sector (XLK) | 119.4% | 38.6% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| DBX Return | 11% | -9% | 32% | 2% | -7% | -10% | 12% |
| Peers Return | 29% | -31% | 37% | 20% | 6% | -13% | 35% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | 6% | 92% |
Monthly Win Rates [3] | |||||||
| DBX Win Rate | 58% | 50% | 67% | 67% | 58% | 40% | |
| Peers Win Rate | 65% | 30% | 62% | 57% | 45% | 48% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 60% | |
Max Drawdowns [4] | |||||||
| DBX Max Drawdown | -2% | -22% | -15% | -30% | -18% | -21% | |
| Peers Max Drawdown | -13% | -43% | -14% | -11% | -22% | -28% | |
| S&P 500 Max Drawdown | -1% | -25% | -1% | -2% | -15% | -7% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: MSFT, GOOGL, BOX, ADBE, DOCU. See DBX 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 5/4/2026 (YTD)
How Low Can It Go
| Event | DBX | S&P 500 |
|---|---|---|
| 2023 SVB Regional Banking Crisis | ||
| % Loss | -20.4% | -6.7% |
| % Gain to Breakeven | 25.7% | 7.1% |
| Time to Breakeven | 84 days | 31 days |
| 2022 Inflation Shock & Fed Tightening | ||
| % Loss | -22.9% | -24.5% |
| % Gain to Breakeven | 29.7% | 32.4% |
| Time to Breakeven | 386 days | 427 days |
| 2020 COVID-19 Crash | ||
| % Loss | -14.4% | -33.7% |
| % Gain to Breakeven | 16.8% | 50.9% |
| Time to Breakeven | 1 days | 140 days |
| Q4 2018 Fed Policy Error / Growth Scare | ||
| % Loss | -26.2% | -19.2% |
| % Gain to Breakeven | 35.4% | 23.7% |
| Time to Breakeven | 812 days | 105 days |
In The Past
Dropbox's stock fell -2.1% during the 2024 Yen Carry Trade Unwind. Such a loss loss requires a 2.1% 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.
| Event | DBX | S&P 500 |
|---|---|---|
| 2023 SVB Regional Banking Crisis | ||
| % Loss | -20.4% | -6.7% |
| % Gain to Breakeven | 25.7% | 7.1% |
| Time to Breakeven | 84 days | 31 days |
| 2022 Inflation Shock & Fed Tightening | ||
| % Loss | -22.9% | -24.5% |
| % Gain to Breakeven | 29.7% | 32.4% |
| Time to Breakeven | 386 days | 427 days |
| Q4 2018 Fed Policy Error / Growth Scare | ||
| % Loss | -26.2% | -19.2% |
| % Gain to Breakeven | 35.4% | 23.7% |
| Time to Breakeven | 812 days | 105 days |
In The Past
Dropbox's stock fell -2.1% during the 2024 Yen Carry Trade Unwind. Such a loss loss requires a 2.1% 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 Dropbox (DBX)
AI Analysis | Feedback
Here are 1-3 brief analogies for Dropbox (DBX):
- It's like Google Drive or Microsoft OneDrive, but as an independent, dedicated company.
- Imagine the Spotify for document storage and collaboration, offering free basic access with paid upgrades for premium features.
AI Analysis | Feedback
- Content Collaboration Platform (Free Tier): Offers basic cloud storage, file synchronization, and sharing capabilities for individuals.
- Content Collaboration Platform (Paid Subscription Tiers): Provides enhanced cloud storage, advanced security, team collaboration tools, and premium features for individuals, families, and organizations.
AI Analysis | Feedback
Dropbox (DBX) sells its content collaboration platform to a broad base of users, ranging from individuals to large organizations. Given its vast user base (approximately 700 million registered users) and subscription-based model, its revenue is highly diversified rather than concentrated among a few major corporate customers.
Therefore, Dropbox primarily serves a multitude of customers across the following categories:
- Individuals and Families: These users leverage Dropbox for personal cloud storage, file synchronization, sharing, and backup of documents, photos, and videos. Many start with a free plan and upgrade to paid subscriptions for more storage and premium features.
- Small to Medium-sized Teams and Businesses: Dropbox Business plans cater to these groups, enabling collaborative workflows, secure file sharing, project management, and team-based content creation. This category includes professional services, technology firms, media companies, and other businesses seeking efficient content collaboration solutions.
- Larger Organizations and Enterprises: While specific major corporate customers are not typically disclosed due to the nature of Dropbox's distributed revenue model, the company serves departments and teams within larger organizations across various industries such as education, industrial, consumer and retail, and financial services. These customers utilize Dropbox for secure file access, collaboration, and integration within their existing IT infrastructures.
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Amazon.com, Inc. (AMZN)
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Drew Houston, Co-founder and CEODrew Houston co-founded Dropbox in 2007 and has led its growth from an idea to a global service. He is responsible for the company's direction and product strategy. Prior to Dropbox, he founded Accolade, an SAT prep company, and worked as a Software Engineer at Bit9, Inc. He joined Meta's board of directors in February 2020.
Ross Tennenbaum, Chief Financial Officer
Ross Tennenbaum has served as Dropbox's Chief Financial Officer since December 2025. Before joining Dropbox, he was the President and Chief Financial Officer of Avalara. He also held leadership roles in Software Investment Banking at both Goldman Sachs and Credit Suisse.
Will Yoon, Chief Legal Officer
Will Yoon was appointed Dropbox's Chief Legal Officer effective March 28, 2025. He previously held the roles of Vice President of Product Counseling & Privacy and Chief Privacy Officer at Dropbox, which he joined in 2013 and founded the company's product counseling team. Yoon has also held legal leadership positions in product counseling and privacy functions at Facebook and Google.
Ali Dasdan, Chief Technology Officer
Ali Dasdan has served as Dropbox's Chief Technology Officer since March 2025. Before his role at Dropbox, he held various leadership positions in engineering and product management at high-technology companies in Silicon Valley, USA, and the UK.
Ashraf Alkarmi, General Manager and Senior Vice President, Core Products
Ashraf Alkarmi has served as General Manager and Senior Vice President, Core Products since November 2024. Previously, he was Chief Product Officer at Vimeo and Head of Product at both Amazon and Meta.
AI Analysis | Feedback
Dropbox (DBX) faces several key risks to its business:-
Intense Competition and Stagnating Revenue Growth: Dropbox operates in a highly competitive market, contending with tech giants like Microsoft and Google, who often bundle their cloud storage and collaboration services into broader enterprise offerings. This competitive pressure contributes to challenges in user acquisition and retention, leading to a deceleration in revenue growth. Dropbox has experienced a decline in its growth rate and difficulties in converting free users to paying customers and upgrading them to premium plans. Recent financial reports indicate flat to declining revenue and Annual Recurring Revenue (ARR), highlighting the ongoing struggle to expand its paying user base in a saturated market.
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Data Security Breaches and Vulnerabilities: As a cloud storage and collaboration platform, Dropbox is under a constant threat of data breaches and security incidents. The company has a history of security vulnerabilities and breaches, including a notable incident in 2012 where 68 million user accounts were exposed due to a compromised employee password. More recently, in 2024, threat actors gained unauthorized access to Dropbox Sign's production environment, compromising sensitive user data such as emails, phone numbers, and authentication tokens. Common security risks include account compromise, excessive external sharing of sensitive data, vulnerabilities from third-party application integrations, and potential gaps in compliance and data governance.
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Challenges in User Acquisition and Retention: Dropbox faces difficulties in expanding its paying user base and retaining existing users. Despite having approximately 700 million registered users, the conversion rate from free to paid subscriptions is a critical factor for revenue growth. Reports indicate a decline or stagnation in paying users, signifying that the freemium model is struggling to convert and retain users at scale. This ongoing challenge directly impacts the company's ability to grow its top line and is exacerbated by the intense competition in the cloud storage market.
AI Analysis | Feedback
The increasing dominance and deep integration of cloud storage and collaboration within major productivity suites offered by tech giants like Microsoft (Microsoft 365, OneDrive) and Google (Google Workspace, Google Drive) represent a clear emerging threat to Dropbox. These comprehensive ecosystems bundle essential tools like email, document creation, video conferencing, and cloud storage into a single, often default, offering. As more individuals and businesses adopt these all-in-one solutions, the demand for a standalone file storage and collaboration platform like Dropbox diminishes, potentially commoditizing its core service and making it less essential in a market that increasingly values integrated, seamless workflows.
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The addressable markets for Dropbox's main products and services are significant and continue to grow globally. Dropbox primarily operates within the cloud storage, file sharing, and content collaboration platform markets.
Cloud Storage Market
The global cloud storage market was valued at approximately USD 102.67 billion in 2023 and is projected to reach USD 654.52 billion by 2032, exhibiting a compound annual growth rate (CAGR) of 20.4% between 2024 and 2032. Another estimate indicates the global cloud storage market size was USD 161.28 billion in 2025 and is projected to grow to USD 809.99 billion by 2034, with a CAGR of 19.30%. North America held a significant share of this market, accounting for 46.40% in 2025. Additionally, the cloud storage market was estimated at USD 23.43 billion in 2024 and is projected to reach USD 200.7 billion by 2035, growing at a CAGR of 21.56% from 2025 to 2035. North America remains the largest market for cloud storage, representing approximately 45% of the global share.
File Sharing Market
The global file sharing market is poised for substantial growth, with projections indicating a market value of USD 235.94 billion in 2024, anticipated to increase to USD 541.32 billion by 2035, at a CAGR of 7.84% from 2025 to 2035.
Content Collaboration Platforms / Enterprise File Synchronization & Sharing (EFSS) Market
The global content collaboration platforms market was valued at USD 9.26 billion in 2023 and is projected to reach USD 60.25 billion by 2031, growing at a CAGR of 18.2% from 2024 to 2031. Similarly, the global enterprise file synchronization and sharing (EFSS) market size was valued at USD 9.50 billion in 2023 and is projected to reach USD 38.45 billion by 2030, growing at a CAGR of 23.2% from 2024 to 2030. The enterprise content collaboration market was valued at USD 9.66 billion in 2021 and is expected to reach USD 36.81 billion by 2029, with a CAGR of 18.20%. North America is a leading region in the content collaboration market, commanding a 40% market share in 2025.
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Here are the expected drivers of future revenue growth for Dropbox (DBX) over the next 2-3 years:
- Scaling and Adoption of the Dash Product (AI Integration): Dropbox is strategically investing in and scaling its new AI-powered Dash product, which is viewed as a significant evolution of its core file-sync-and-share experience. This product is designed to enhance user engagement and is expected to be a key driver for future growth.
- Growth and Retention within the Individuals Business: The company aims to maintain momentum and achieve steady growth in its individual user segment. This is being pursued through focused innovation, improved user retention strategies, and enhanced conversion efforts via new checkout processes and localization.
- Re-accelerating Growth in the Teams Business: Dropbox is concentrating on returning its "Teams" business to positive net license growth. Early tests have shown promising results with improved trial conversion rates and higher first-week engagement for team users, indicating an anticipated increase in revenue from this segment.
- Enhancing Average Revenue Per User (ARPU) through Workflow Integration: Dropbox is shifting its focus towards increasing Average Revenue Per User by integrating premium "workflow" features into its platform. This includes leveraging acquisitions like HelloSign (now Dropbox Sign) and DocSend to offer legally binding signatures and document analytics, allowing the company to charge a premium for value-added services beyond basic storage.
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Share Repurchases
- Dropbox authorized a new $1.5 billion share repurchase program on September 9, 2025.
- The company completed approximately $1.46 billion in share repurchases during 2024-2025.
- Annual share buybacks amounted to $1.714 billion in 2025 and $1.242 billion in 2024.
Share Issuance
- Dropbox's shares outstanding have seen a decline, with 0.273 billion shares outstanding in 2025, representing a 15.65% decrease from 2024.
- Stock-based compensation, which contributes to share issuance, was $347 million in 2024, $338 million in 2023, and $331 million in 2022.
Outbound Investments
- In Q3 2025, Dropbox acquired Mobius Labs to enhance its AI capabilities.
Capital Expenditures
- Dropbox's capital expenditures for fiscal years ending December 2020 to 2024 averaged $36.56 million.
- Annual capital expenditures were $22.5 million in 2024 and $21 million in 2025.
- The primary focus of these capital expenditures is on funding long-term assets and infrastructure.
Latest Trefis Analyses
| Title | Date | |
|---|---|---|
| DASHBOARDS | ||
| Dropbox Earnings Notes | 12/25/2025 | |
| How Low Can Dropbox Stock Really Go? | 10/17/2025 | |
| Dropbox vs Merck: Which Is A Better Investment? | 08/18/2025 | |
| Dropbox vs First Solar: Which Is A Better Investment? | 08/18/2025 | |
| How Does Dropbox Stock Stack Up Against Its Peers? | 08/13/2025 | |
| Better Bet Than DBX Stock: Pay Less Than Dropbox To Get More From MRK, D | 08/12/2025 | |
| Better Bet Than DBX Stock: Pay Less Than Dropbox To Get More From FSLR, GEN | 08/12/2025 | |
| Better Bet Than DBX Stock: Pay Less Than Dropbox To Get More From ACIW | 08/12/2025 | |
| DBX Dip Buy Analysis | 07/10/2025 | |
| ARTICLES | ||
| Dropbox Stock At $30: What’s Next? | 02/21/2025 | |
| How Dropbox Stock Might React To Upcoming Earnings | 02/19/2025 | |
| Is This Beaten Down Tech Theme Worth A Look? | 08/10/2022 |
Trade Ideas
Select ideas related to DBX.
| 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 | 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% |
| 04102026 | BL | BlackLine | Dip Buy | DB | CFO/Rev | Low D/EDip Buy with High Cash Flow MarginsBuying dips for companies with significant cash flows from operations and reasonable debt / market cap | 3.2% | 3.2% | -3.0% |
| 03272026 | DBX | Dropbox | 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 | 9.7% | 9.7% | -0.4% |
| 02282023 | DBX | Dropbox | 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 | 36.7% | 16.9% | -7.0% |
Research & Analysis
Invest in Strategies
Wealth Management
Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 151.21 |
| Mkt Cap | 56.9 |
| Rev LTM | 13,836 |
| Op Inc LTM | 4,824 |
| FCF LTM | 5,688 |
| FCF 3Y Avg | 4,810 |
| CFO LTM | 5,836 |
| CFO 3Y Avg | 4,969 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 9.6% |
| Rev Chg 3Y Avg | 9.7% |
| Rev Chg Q | 10.7% |
| QoQ Delta Rev Chg LTM | 2.6% |
| Op Inc Chg LTM | 19.7% |
| Op Inc Chg 3Y Avg | 24.8% |
| Op Mgn LTM | 30.0% |
| Op Mgn 3Y Avg | 26.0% |
| QoQ Delta Op Mgn LTM | 0.7% |
| CFO/Rev LTM | 39.5% |
| CFO/Rev 3Y Avg | 36.3% |
| FCF/Rev LTM | 29.8% |
| FCF/Rev 3Y Avg | 29.8% |
Valuation
| Median | |
|---|---|
| Name | |
| Mkt Cap | 56.9 |
| P/S | 3.7 |
| P/Op Inc | 26.6 |
| P/EBIT | 21.6 |
| P/E | 26.7 |
| P/CFO | 10.0 |
| Total Yield | 4.3% |
| Dividend Yield | 0.0% |
| FCF Yield 3Y Avg | 6.5% |
| D/E | 0.0 |
| Net D/E | -0.0 |
Returns
| Median | |
|---|---|
| Name | |
| 1M Rtn | 6.1% |
| 3M Rtn | -2.4% |
| 6M Rtn | -20.7% |
| 12M Rtn | -15.7% |
| 3Y Rtn | 8.6% |
| 1M Excs Rtn | -3.3% |
| 3M Excs Rtn | -5.6% |
| 6M Excs Rtn | -26.5% |
| 12M Excs Rtn | -44.3% |
| 3Y Excs Rtn | -62.6% |
Comparison Analyses
Price Behavior
| Market Price | $25.08 | |
| Market Cap ($ Bil) | 6.3 | |
| First Trading Date | 03/23/2018 | |
| Distance from 52W High | -22.0% | |
| 50 Days | 200 Days | |
| DMA Price | $24.35 | $27.32 |
| DMA Trend | down | down |
| Distance from DMA | 3.0% | -8.2% |
| 3M | 1YR | |
| Volatility | 29.7% | 26.9% |
| Downside Capture | 0.35 | 0.47 |
| Upside Capture | 38.79 | 46.91 |
| Correlation (SPY) | 14.0% | 20.6% |
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | -0.15 | 0.00 | 0.30 | 0.34 | 0.45 | 0.85 |
| Up Beta | -0.70 | -0.56 | -0.31 | -0.28 | -0.06 | 0.66 |
| Down Beta | -1.37 | -0.39 | -0.08 | 0.24 | 0.44 | 0.93 |
| Up Capture | 61% | 16% | 38% | 30% | 35% | 68% |
| Bmk +ve Days | 15 | 22 | 31 | 66 | 141 | 428 |
| Stock +ve Days | 14 | 21 | 31 | 59 | 122 | 398 |
| Down Capture | 205% | 57% | 92% | 87% | 97% | 101% |
| Bmk -ve Days | 4 | 18 | 30 | 56 | 108 | 321 |
| Stock -ve Days | 8 | 20 | 30 | 63 | 124 | 343 |
[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 DBX | |
|---|---|---|---|---|
| DBX | -12.6% | 26.8% | -0.53 | - |
| Sector ETF (XLK) | 53.3% | 20.4% | 1.98 | 18.7% |
| Equity (SPY) | 29.7% | 12.5% | 1.83 | 21.0% |
| Gold (GLD) | 39.6% | 27.2% | 1.21 | -5.4% |
| Commodities (DBC) | 50.7% | 18.0% | 2.18 | 4.3% |
| Real Estate (VNQ) | 12.1% | 13.5% | 0.60 | 15.9% |
| Bitcoin (BTCUSD) | -19.0% | 42.2% | -0.39 | 22.2% |
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 DBX | |
|---|---|---|---|---|
| DBX | -0.9% | 32.2% | 0.03 | - |
| Sector ETF (XLK) | 18.7% | 24.8% | 0.67 | 51.6% |
| Equity (SPY) | 12.8% | 17.1% | 0.59 | 53.6% |
| Gold (GLD) | 20.1% | 17.9% | 0.91 | 2.5% |
| Commodities (DBC) | 14.1% | 19.1% | 0.60 | 11.7% |
| Real Estate (VNQ) | 3.3% | 18.8% | 0.08 | 37.0% |
| Bitcoin (BTCUSD) | 7.3% | 56.2% | 0.34 | 24.5% |
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 DBX | |
|---|---|---|---|---|
| DBX | -1.2% | 38.4% | 0.08 | - |
| Sector ETF (XLK) | 23.6% | 24.4% | 0.88 | 49.7% |
| Equity (SPY) | 14.9% | 17.9% | 0.71 | 48.8% |
| Gold (GLD) | 13.4% | 15.9% | 0.70 | 3.3% |
| Commodities (DBC) | 9.7% | 17.7% | 0.46 | 15.2% |
| Real Estate (VNQ) | 5.6% | 20.7% | 0.23 | 32.9% |
| Bitcoin (BTCUSD) | 67.1% | 66.9% | 1.06 | 16.3% |
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 |
| 2/19/2026 | 3.0% | 0.4% | 1.2% |
| 11/6/2025 | 7.7% | 6.0% | 2.6% |
| 8/7/2025 | 2.7% | 5.8% | 15.8% |
| 5/8/2025 | -0.8% | -0.8% | -0.7% |
| 2/20/2025 | -16.2% | -18.6% | -16.9% |
| 10/30/2024 | 1.4% | 3.3% | 8.4% |
| 8/8/2024 | 3.3% | 4.9% | 6.5% |
| 5/9/2024 | -0.0% | 3.5% | -7.8% |
| ... | |||
| SUMMARY STATS | |||
| # Positive | 10 | 11 | 15 |
| # Negative | 13 | 12 | 8 |
| Median Positive | 3.2% | 4.9% | 7.1% |
| Median Negative | -2.4% | -6.9% | -13.4% |
| Max Positive | 8.6% | 10.7% | 22.0% |
| Max Negative | -22.9% | -26.2% | -26.3% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 12/31/2025 | 02/20/2026 | 10-K |
| 09/30/2025 | 11/07/2025 | 10-Q |
| 06/30/2025 | 08/08/2025 | 10-Q |
| 03/31/2025 | 05/09/2025 | 10-Q |
| 12/31/2024 | 02/21/2025 | 10-K |
| 09/30/2024 | 11/08/2024 | 10-Q |
| 06/30/2024 | 08/09/2024 | 10-Q |
| 03/31/2024 | 05/10/2024 | 10-Q |
| 12/31/2023 | 02/16/2024 | 10-K |
| 09/30/2023 | 11/03/2023 | 10-Q |
| 06/30/2023 | 08/04/2023 | 10-Q |
| 03/31/2023 | 05/09/2023 | 10-Q |
| 12/31/2022 | 02/23/2023 | 10-K |
| 09/30/2022 | 11/04/2022 | 10-Q |
| 06/30/2022 | 08/05/2022 | 10-Q |
| 03/31/2022 | 05/06/2022 | 10-Q |
Insider Activity
Expand for More| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Schubach, Sarah Elizabeth | Chief Accounting Officer | Direct | Sell | 4172026 | 22.99 | 1,415 | 32,531 | 3,169,746 | Form |
| 2 | Schubach, Sarah Elizabeth | Chief Accounting Officer | Direct | Sell | 4022026 | 22.60 | 1,416 | 32,002 | 1,854,850 | Form |
| 3 | Schubach, Sarah Elizabeth | Chief Accounting Officer | Direct | Sell | 3182026 | 25.76 | 1,415 | 36,450 | 2,150,677 | Form |
| 4 | Peacock, Karen | Direct | Sell | 3132026 | 26.50 | 2,000 | 53,000 | 564,318 | Form | |
| 5 | Yoon, William T | Chief Legal Officer | Direct | Sell | 3132026 | 25.93 | 9,175 | 237,897 | 4,914,934 | 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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