Dropbox (DBX) EV to CFO (2018 - 2026)
Dropbox's EV to CFO came in at 5.02 for Q2 2026, down 32.3% from 7.42 a year earlier but up 27.6% from the prior quarter.
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Analysis
Dropbox (DBX) EV to CFO (2018 - 2026) Analysis & Trends
Over the trailing twelve months to Jun 30, 2026, Dropbox reported EV to CFO of 1.70, down 49.3% year-over-year; for FY2025, it came in at 6.00, down 26.4% from FY2024.
- Going back by year, EV to CFO was 8.16 in FY2024 (-25.4%), 10.94 in FY2023 (+34.6%), 8.12 in FY2022 (-20.9%) and 10.27 in FY2021 (-25.6%).
- The five-year range for quarterly EV to CFO is 3.93 (Q1 2026) to 12.55 (Q3 2021).
- Year-over-year, EV to CFO has declined for four consecutive quarters, with an average decline of 20.9% over the last eight quarters.
- The fastest year-over-year change in EV to CFO over five years came in Q4 2023 (growth of 34.6%), and the weakest in Q1 2026 (a decline of 45.4%).
- Business Quant data shows DBX's EV to CFO at 3.93 (Q1 2026), 6.00 (Q4 2025) and 7.30 (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Adobe | 90.32 Bn | 65.57 Bn | 6.00 Bn |
| 2 | Atlassian | 46.45 Bn | 39.73 Bn | 1.53 Bn |
| 3 | Twilio | 44.08 Bn | 34.07 Bn | 725.87 Mn |
| 4 | Autodesk | 43.30 Bn | 31.34 Bn | 1.87 Bn |
| 5 | Zoom Communications | 25.52 Bn | -5.27 Bn | 985.50 Mn |
| 6 | Figma | 10.74 Bn | 4.24 Bn | 309.61 Mn |
| 7 | Dropbox | 7.01 Bn | 2.65 Bn | 506.50 Mn |
| 8 | Nice | 6.59 Bn | 5.06 Bn | 995.81 Mn |
| 9 | RingCentral | 6.37 Bn | 5.87 Bn | 472.31 Mn |
| 10 | Open Text | 5.38 Bn | 813.39 Mn | 1.01 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 5.02 |
| Mar 31, 2026 | 3.93 |
| Dec 31, 2025 | 6.00 |
| Sep 30, 2025 | 7.30 |
| Jun 30, 2025 | 7.42 |
| Mar 31, 2025 | 7.20 |
| Dec 31, 2024 | 8.16 |
| Sep 30, 2024 | 7.83 |
| Jun 30, 2024 | 7.07 |
| Mar 31, 2024 | 8.28 |
| Dec 31, 2023 | 10.94 |
| Sep 30, 2023 | 10.15 |
| Jun 30, 2023 | 10.12 |
| Mar 31, 2023 | 7.76 |
| Dec 31, 2022 | 8.12 |
| Sep 30, 2022 | 7.71 |
| Jun 30, 2022 | 8.20 |
| Mar 31, 2022 | 9.31 |
| Dec 31, 2021 | 10.27 |
| Sep 30, 2021 | 12.55 |
API Access
Dropbox EV to CFO API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=ev-to-cfo&ticker=DBX&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "ev-to-cfo", "ticker": "DBX", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=ev-to-cfo&ticker=DBX&period=max&api_key=YOUR_API_KEY");
const data = await res.json();