Dropbox (DBX) EV to FCF (2018 - 2026)
Dropbox's EV to FCF was 5.14 in Q2 2026, down 31.4% from 7.50 a year earlier but up 27.8% from the prior quarter.
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Analysis
Dropbox (DBX) EV to FCF (2018 - 2026) Analysis & Trends
On a trailing twelve-month basis, Dropbox's EV to FCF was 1.74 through Jun 30, 2026, down 48.6% year-over-year; for FY2025, it came in at 6.14, down 26.6% from FY2024.
- In earlier years, EV to FCF was 8.37 in FY2024 (-25.8%), 11.29 in FY2023 (+33.0%), 8.48 in FY2022 (-19.9%) and 10.59 in FY2021 (-34.0%).
- Quarterly EV to FCF has moved between 4.02 (Q1 2026) and 13.14 (Q3 2021) over five years.
- Compared with a year earlier, EV to FCF has declined for four straight quarters, with an average decline of 21.7% over the last eight quarters.
- The best year-over-year quarter for EV to FCF over five years was Q4 2023 (growth of 33.0%); the worst was Q1 2026 (a decline of 45.0%).
- Per Business Quant data, DBX's EV to FCF in the three quarters before Q2 2026 was 4.02 (Q1 2026), 6.14 (Q4 2025) and 7.41 (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Adobe | 92.55 Bn | 67.80 Bn | 6.00 Bn |
| 2 | Autodesk | 54.36 Bn | 42.40 Bn | 1.87 Bn |
| 3 | Atlassian | 37.46 Bn | 32.39 Bn | 1.51 Bn |
| 4 | Twilio | 33.16 Bn | 22.79 Bn | 760.53 Mn |
| 5 | Zoom Communications | 26.58 Bn | -4.16 Bn | 985.50 Mn |
| 6 | Figma | 9.91 Bn | 3.23 Bn | 314.44 Mn |
| 7 | Dropbox | 7.02 Bn | 2.44 Bn | 513.70 Mn |
| 8 | RingCentral | 6.19 Bn | 5.72 Bn | 494.30 Mn |
| 9 | Open Text | 5.93 Bn | 1.47 Bn | 905.53 Mn |
| 10 | Box | 5.84 Bn | 4.73 Bn | 253.97 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 6.77 |
| Jun 30, 2026 | 5.14 |
| Mar 31, 2026 | 4.02 |
| Dec 31, 2025 | 6.14 |
| Sep 30, 2025 | 7.41 |
| Jun 30, 2025 | 7.50 |
| Mar 31, 2025 | 7.31 |
| Dec 31, 2024 | 8.37 |
| Sep 30, 2024 | 8.10 |
| Jun 30, 2024 | 7.37 |
| Mar 31, 2024 | 8.84 |
| Dec 31, 2023 | 11.46 |
| Sep 30, 2023 | 10.52 |
| Jun 30, 2023 | 10.45 |
| Mar 31, 2023 | 8.11 |
| Dec 31, 2022 | 8.83 |
| Sep 30, 2022 | 8.03 |
| Jun 30, 2022 | 8.61 |
| Mar 31, 2022 | 9.65 |
| Dec 31, 2021 | 11.03 |
API Access
Dropbox EV to FCF 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-fcf&ticker=DBX&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "ev-to-fcf", "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-fcf&ticker=DBX&period=max&api_key=YOUR_API_KEY");
const data = await res.json();