Box (BOX) FCF Margin (2014 - 2026)
Box's (BOX) quarterly FCF Margin came in at 35.46% in Q1 2026, down 87.0% on a YoY basis from 272.76% in Q1 2025, and up 50.24% quarter-over-quarter from 23.6% in Q4 2025.
Analysis
Box (BOX) FCF Margin (2014 - 2026) Analysis & Trends
Box (BOX) has reported FCF Margin for 13 consecutive years, with 35.46% the latest figure, recorded 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 rose to 35.46% in Q1 2026 per BOX's latest filing, from 23.6% in the prior quarter.
- Across five years, FCF Margin topped out at 49.09% in Q2 2024 and bottomed at 11.52% in Q3 2022.
- Historically, FCF Margin has averaged 29.68% across 5 years, with a median of 27.9% in 2022.
- The sharpest annual moves came in 2022 and 2023: FCF Margin sank 936 bps in 2022, then surged 1487 bps in 2023.
- Over 5 years, FCF Margin stood at 27.9% in 2022, then slipped by 5 bps to 26.51% in 2023, then fell by 15 bps to 22.58% in 2024, then climbed by 5 bps to 23.6% in 2025, then soared by 50 bps to 35.46% in 2026.
- According to Business Quant data, FCF Margin over the past three periods registered 35.46%, 23.6%, and 15.01% for Q1 2026, Q4 2025, and Q3 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Atlassian | 46.06 Bn | 44.82 Bn | 1.53 Bn | 26.87% |
| 2 | Dropbox | 7.58 Bn | 6.47 Bn | 506.50 Mn | 37.24% |
| 3 | Open Text | 5.81 Bn | 4.85 Bn | 1.01 Bn | 9.04% |
| 4 | Box | 4.71 Bn | 4.26 Bn | 253.97 Mn | - |
| 5 | Asana | 2.02 Bn | 1.80 Bn | 186.10 Mn | 19.18% |
| 6 | Cheetah Mobile | 105.81 Mn | -80.44 Mn | 24.15 Mn | - |
| 7 | Upland Software | 10.26 Mn | -21.41 Mn | 37.47 Mn | 7.91% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jan 31, 2026 | 35.46% |
| Oct 31, 2025 | 23.60% |
| Jul 31, 2025 | 15.01% |
| 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% |