Box (BOX) FCF Margin (2014 - 2026)
Box (BOX) reported FCF Margin of 35.46% for Q1 2026, down 87.0% on a YoY basis from 272.76% in Q1 2025, and up 49.72% quarter-over-quarter from 23.68% in Q4 2025.
Box (BOX) FCF Margin (2014 - 2026) Analysis & Trends
Box has reported FCF Margin for 13 years, with the latest figure at 35.46% in Q1 2026.
- For the quarter ending Q1 2026, FCF Margin fell 87.0% year-over-year to 35.46%; the trailing twelve-month figure through Jan 2026 stood at 29.76% (down 48.0% YoY), and the FY2026 full-year result was 29.76%, down 48.0% from the prior year.
- FCF Margin for Q1 2026 stood at 35.46%, up from 23.68% in the prior quarter.
- The five-year high for FCF Margin was 49.09% in Q2 2024, with the low at 11.52% in Q3 2022.
- Historically, FCF Margin has averaged 29.68% across 5 years, with a median of 27.9% in 2022.
- Annual changes were most pronounced in 2022 — FCF Margin plunged 936 bps — and 2023, when it jumped 1487 bps.
- Box's FCF Margin stood at 27.9% in 2022, then retreated by 5 bps to 26.51% in 2023, then dropped by 15 bps to 22.58% in 2024, then climbed by 5 bps to 23.68% in 2025, then surged by 50 bps to 35.46% in 2026.
- The last three FCF Margin figures came in at 35.46% (Q1 2026), 23.68% (Q4 2025), and 14.93% (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Microsoft | 2,998.30 Bn | 2,920.03 Bn | 56.06 Bn | 19.07% |
| 2 | Alarum Technologies | 1,040.72 Bn | 1,026.57 Bn | 7.23 Mn | - |
| 3 | Oracle | 590.32 Bn | 551.74 Bn | 15.14 Bn | 55.23% |
| 4 | Palantir Technologies | 316.31 Bn | 308.39 Bn | 1.42 Bn | 54.62% |
| 5 | Palo Alto Networks | 181.17 Bn | 176.63 Bn | 1.91 Bn | 14.80% |
| 6 | CrowdStrike Holdings | 161.69 Bn | 158.63 Bn | 993.68 Mn | 30.29% |
| 7 | Fortinet | 102.35 Bn | 99.06 Bn | 1.49 Bn | 55.21% |
| 8 | Synopsys | 88.25 Bn | 88.13 Bn | 1.77 Bn | 34.10% |
| 9 | Cloudflare | 83.26 Bn | 82.32 Bn | 455.60 Mn | 14.55% |
| 10 | Box | 3.83 Bn | 3.35 Bn | 245.00 Mn | 35.46% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jan 31, 2026 | 35.46% |
| Oct 31, 2025 | 23.68% |
| Jul 31, 2025 | 14.93% |
| Apr 30, 2025 | 45.86% |
| Jan 31, 2025 | 36.33% |
| Oct 31, 2024 | 22.58% |
| Jul 31, 2024 | 13.29% |
| Apr 30, 2024 | 49.09% |
| Jan 31, 2024 | 33.89% |
| Oct 31, 2023 | 26.51% |
| Jul 31, 2023 | 12.86% |
| Apr 30, 2023 | 48.42% |
| Jan 31, 2023 | 35.94% |
| Oct 31, 2022 | 27.90% |
| Jul 31, 2022 | 11.52% |
| Apr 30, 2022 | 45.18% |
| Jan 31, 2022 | 21.07% |
| Oct 31, 2021 | 20.57% |
| Jul 31, 2021 | 20.88% |
| Apr 30, 2021 | 46.81% |