DBX vs OTEX vs TEAM Stock Comparison

Dropbox, Open Text and Atlassian Prices as of Oct 23, 2026 Peers: Industry group
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DBX Dropbox, Inc.
$37.83 +10.5% 1M +28.9% 1Y
Market cap
$8.48B
P/E
19.2x
Revenue (TTM)
$2.53B
Div. yield
–
Productivity Software Technology
4 wins
OTEX Open Text Corp
$27.95 +21.1% 1M -28.4% 1Y
Market cap
$6.88B
P/E
10.7x
Revenue (TTM)
$5.25B
Div. yield
–
Productivity Software Technology
3 wins
TEAM Atlassian Corp
$227.61 +16.7% 1M +37.9% 1Y
Market cap
$58.13B
P/E
–
Revenue (TTM)
$6.57B
Div. yield
–
Productivity Software Technology
4 wins

Head to Head

11 decided of 12

Atlassian leads on 4 of the 12 questions below (Atlassian 4, Dropbox 4, Open Text 3). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionDBXOTEXTEAMLeader
Larger companyMarket capitalisation $8.48B $6.88B $58.13B TEAM
Cheaper on earningsLower P/E, profitable companies only 19.2x 10.7x -1,080x OTEX
Cheaper on forward earningsLower price / next fiscal year consensus EPS 11.9x 6.9x 40.4x OTEX
Faster revenue growthRevenue growth, trailing twelve months 0.0% +1.5% +26.0% TEAM
More profitableNet margin, trailing twelve months 17.5% 12.3% -0.8% DBX
Better return on capitalReturn on invested capital 104.6% 8.1% 0.0% DBX
Less leveragedLower net debt / EBITDA 1.8x 2.8x -1.7x TEAM
Higher dividend yieldTrailing dividend yield 0.00% 0.00% 0.00% –
Better 1-year returnPrice return, last 12 months +28.9% -28.4% +37.9% TEAM
Better 5-year returnAnnualised price return, 5 years +4.5%/yr -11.1%/yr -11.7%/yr DBX
Less volatileAnnualised volatility, 1 year 38.0% 38.7% 75.0% DBX
Higher overall scoreMean of the five percentile scores vs peers 55/100 57/100 43/100 OTEX

Percentile Scorecard

DBXOTEXTEAM

Each axis is the mean percentile of its metrics against the company's industry group. 100 is the best in the group, 50 the middle.

Scores by Axis

AxisDBXOTEXTEAM
Valuation 55 #14 of 30 83 #6 of 30 7 #28 of 30
Growth 8 #25 of 27 42 #16 of 27 77 #7 of 27
Profitability 96 #2 of 26 68 #9 of 26 32 #18 of 26
Financial Health 16 #27 of 32 13 #28 of 32 42 #19 of 32
Shareholder Returns 100 #1 of 17 81 #4 of 17 56 #8 of 17
Overall 55 57 43
  • DBX ranked among 33 companies in Workplace Software
  • OTEX ranked among 33 companies in Workplace Software
  • TEAM ranked among 33 companies in Workplace Software

Price Performance

Price return, split-adjusted, before dividends. Click a name to hide or show it.

Returns

PeriodDBXOTEXTEAMSPY
1 month +10.5%+21.1%+16.7% -1.0%
3 months +29.6%+24.9%+162.0% +2.9%
6 months +57.5%+24.7%+218.1% +6.4%
Year to date +36.1%-14.2%+40.4% +11.4%
1 year +28.9%-28.4%+37.9% +13.1%
3 years +38.5%-16.3%+19.4% +79.4%
3 years, per year +11.5%-5.8%+6.1% +21.5%
5 years +24.8%-44.4%-46.2% +67.7%
5 years, per year +4.5%-11.1%-11.7% +10.9%
10 years —-13.1%+683.8% +255.2%
10 years, per year —-1.4%+22.9% +13.5%

Risk

MeasureDBXOTEXTEAMSPY
Volatility, 1Y 38.0%38.7%75.0% 12.7%
Downside volatility, 1Y 37.1%40.4%63.3% 12.7%
Beta vs S&P 500, 1Y 0.220.830.81 1.00
Return / volatility, 1Y 0.76-0.730.51 1.03
Max drawdown, 5Y -38.8%-61.7%-87.5% -25.4%
From 52-week high 0.0%-29.6%0.0% -2.5%
52-week high $37.83$39.69$227.61 $779.14
52-week low $22.06$20.01$57.15 $631.97

Valuation History

Weekly multiples on trailing twelve-month fundamentals. Negative or extreme readings (a loss year, a collapsed denominator) are left out so the chart stays readable.

MultipleDBXOTEXTEAM
P/E now vs peer median 19.2xmedian 32.3x 10.8xmedian 32.3x -1,100xmedian 32.3x
P/S now vs peer median 3.3xmedian 2.4x 1.3xmedian 2.4x 9.0xmedian 2.4x
EV/EBITDA now vs peer median 11.5xmedian 11.5x 6.8xmedian 11.5x 409.9xmedian 11.5x
P/FCF now vs peer median 8.7xmedian 14.2x 8.4xmedian 14.2x 44.9xmedian 14.2x
P/B now vs peer median -3.8xmedian 2.7x 1.7xmedian 2.7x 55.9xmedian 2.7x
PEG now vs peer median 2.23median 0.77 0.16median 0.77 -21.06median 0.77

Financial History

Reported figures by fiscal period, placed on the calendar year (or quarter) each period ended in, so companies with different fiscal years line up.

Trailing twelve monthsDBXOTEXTEAM
Revenue $2.53B $5.25B $6.57B
Gross profit $2.02B $3.87B $5.58B
Operating income $674.50M $1.08B $10.36M
Net income $442.80M $643.26M -$53.83M
Free cash flow $957.10M $807.52M $1.32B
R&D $741.50M $647.71M $3.27B
EPS (diluted) $1.95 $2.58 $-0.21
Cash & equivalents $1.06B $956.02M $1.24B
Total debt $9.17B $5.77B $3.96B
Shares (diluted) 226.80M 249.37M 260.16M
Enterprise value $4.11B $2.32B $51.41B

All Metrics

58 metrics · best in bold

Bold marks the best reading: the lowest positive value for multiples, leverage and payout, the highest for everything else. The bar under each value is its percentile against that company's own peers. Hover a value for its rank and the peer median.

Valuation

12 metrics
MetricDBXOTEXTEAM
P/E 19.2x 10.8x -1,100x
P/FCF 8.7x 8.4x 44.9x
P/Operating cash flow 8.5x 6.7x 43.8x
P/S 3.3x 1.3x 9.0x
P/B -3.8x 1.7x 55.9x
P/Tangible book -3.8x 2.7x 94.6x
EV/EBITDA 11.5x 6.8x 409.9x
EV/EBIT 14.5x 10.7x 5,694x
EV/Revenue 3.9x 2.2x 9.0x
EV/FCF 10.2x 14.3x 44.7x
EV/Operating cash flow 10.0x 11.5x 43.6x
PEG (3Y EPS CAGR) 2.23 0.16 -21.06

Growth

14 metrics
MetricDBXOTEXTEAM
Revenue growth (1Y) 0.0% 1.5% 26.0%
Revenue CAGR (3Y) 1.5% 5.4% 23.0%
Gross profit growth (1Y) -2.0% 3.6% 29.0%
Gross profit CAGR (3Y) 1.0% 6.9% 24.3%
Operating income growth (1Y) 18.8% 21.3% 107.9%
Operating income CAGR (3Y) 65.2% 28.0% 26.6%
Net income growth (1Y) -8.8% 47.5% 79.0%
Net income CAGR (3Y) -5.4% 62.3% 52.0%
EPS growth (1Y) 11.3% 56.0% 78.9%
EPS CAGR (3Y) 8.6% 66.8% 52.2%
Operating cash flow growth (1Y) 8.7% 21.2% -7.3%
Operating cash flow CAGR (3Y) 8.2% 8.9% 15.9%
Free cash flow growth (1Y) 7.2% 17.5% -6.8%
Free cash flow CAGR (3Y) 8.5% 7.2% 16.1%

Profitability

14 metrics
MetricDBXOTEXTEAM
Gross margin 79.7% 73.7% 84.8%
EBITDA margin 33.7% 32.6% 2.2%
Operating margin 26.6% 20.6% 0.2%
Pretax margin 22.1% 16.4% 0.3%
Net margin 17.5% 12.3% -0.8%
FCF margin 37.8% 15.4% 20.1%
Operating cash flow margin 38.7% 19.2% 20.6%
Return on equity – 16.1% -5.6%
Return on assets 15.1% 4.9% -0.9%
Return on invested capital 104.6% 8.1% 0.0%
Return on capital employed 38.5% 10.2% 0.4%
Asset turnover 0.9x 0.4x 1.1x
Cash conversion (OCF / net income) 2.2x 1.6x -25.1x
Stock comp / revenue 12.0% 1.5% 24.4%

Financial Health

11 metrics
MetricDBXOTEXTEAM
Debt / assets 92.3% 44.0% 16.2%
Debt / equity -1.2x 1.4x 0.9x
Net debt / EBITDA 1.8x 2.8x -1.7x
Debt / FCF 2.7x 7.1x 0.8x
Liabilities / assets 177.4% 69.4% 82.7%
Equity / assets -77.4% 30.6% 17.3%
Interest coverage – – 0.2x
Current ratio 1.1x 0.8x 0.8x
Quick ratio 1.0x 0.7x 0.7x
Cash ratio 0.9x 0.4x 0.3x
Altman Z-score 0.72 1.29 6.57

Shareholder Returns

7 metrics
MetricDBXOTEXTEAM
Dividend yield – 4.0% –
Net buyback yield 18.1% 6.1% 3.0%
Shareholder yield 18.1% 10.1% 3.0%
Payout ratio (earnings) – – –
Payout ratio (FCF) – – –
Dividend growth (1Y) – – –
Dividend CAGR (3Y) – – –

Analyst Estimates

Solid lines are reported fiscal-year results; dashed lines are the consensus for the years ahead. Hover a year for the analysts' high and low, and how each result compared with its estimate.

ConsensusDBXOTEXTEAM
Forward P/E 11.9xFY2026 6.9xFY2027 40.4xFY2027
EPS, next fiscal year $3.19FY2026 $4.05FY2027 $5.63FY2027
EPS growth, next FY +12.3%FY2026 -7.1%FY2027 -3.8%FY2027
EPS growth, the year after +9.7% -0.2% +24.2%
Revenue, next fiscal year $2.70BFY2026 $4.96BFY2027 $7.29BFY2027
Revenue growth, next FY +7.0%FY2026 -4.2%FY2027 +10.9%FY2027
Revenue growth, the year after -11.1% +1.2% +23.0%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersDBXOTEXTEAM
Held by institutions 80.4% 81.5% 99.7%
Institutions holding 451 270 696
Change in shares held, QoQ -0.8% +6.5% +4.9%
Institutions buying 222 159 434
Institutions selling 175 82 193
Buyers to sellers 1.27 1.94 2.25

Return Correlation

Daily returns, last 12 months

1.00 means two stocks move in lockstep, 0 that they move independently. Pairs below about 0.5 diversify each other.

DBXOTEXTEAM
DBX 1.00 0.55 0.50
OTEX 0.55 1.00 0.50
TEAM 0.50 0.50 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, DBX, OTEX and TEAM?

Atlassian (TEAM) is the largest by market capitalisation: Dropbox (DBX) $8.48B, Open Text (OTEX) $6.88B, Atlassian (TEAM) $58.13B.

Which stock is cheaper, DBX, OTEX and TEAM?

Open Text (OTEX) trades on the lowest price-to-earnings ratio (Dropbox (DBX) 19.2x, Open Text (OTEX) 10.7x, Atlassian (TEAM) -1,080x). On next year's consensus earnings, Open Text (OTEX) is cheapest (Dropbox (DBX) 11.9x, Open Text (OTEX) 6.9x, Atlassian (TEAM) 40.4x). A lower multiple can reflect slower expected growth, so read it next to the growth figures.

Which company is growing faster?

Atlassian (TEAM) grew revenue fastest over the trailing twelve months: Dropbox (DBX) 0.0%, Open Text (OTEX) +1.5%, Atlassian (TEAM) +26.0%.

Which company is more profitable?

Dropbox (DBX) has the highest net margin (Dropbox (DBX) 17.5%, Open Text (OTEX) 12.3%, Atlassian (TEAM) -0.8%). On return on invested capital, Dropbox (DBX) leads (Dropbox (DBX) 104.6%, Open Text (OTEX) 8.1%, Atlassian (TEAM) 0.0%).

Which stock has performed better?

Over the past year Atlassian (TEAM) returned the most: Dropbox (DBX) +28.9%, Open Text (OTEX) -28.4%, Atlassian (TEAM) +37.9%. Over five years, Dropbox (DBX) compounded fastest (Dropbox (DBX) +4.5%/yr, Open Text (OTEX) -11.1%/yr, Atlassian (TEAM) -11.7%/yr). Returns are price only, before dividends.

Which stock is riskier?

By one-year price volatility, Dropbox (DBX) has been the steadiest (Dropbox (DBX) 38.0%, Open Text (OTEX) 38.7%, Atlassian (TEAM) 75.0%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, DBX, OTEX and TEAM?

There is no single answer; it depends on what you are buying for. On the 12 head-to-head measures on this page, Atlassian (TEAM) leads on 4. Business Quant does not give investment advice; use the comparison as a starting point for your own research.

Data from SEC filings, exchange prices and consensus estimates, via Business Quant. Percentile scores compare each company with its own peer group, so two companies' scores are each relative to different peers unless you rank against the whole market. Price returns exclude dividends. Nothing on this page is investment advice.