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Asset Utilization RatioAssets AverageDebt RatioDebt to EquityEBIT MarginEBITDA MarginEBT MarginEnterprise ValueEquity AverageEquity RatioFCF MarginGross MarginInvested CapitalNet MarginOperating MarginReturn on AssetsReturn on Capital EmployedReturn on EquityReturn on Invested CapitalReturn on Sales

Dropbox (DBX) FCF Margin (2017 - 2025)

Dropbox's FCF Margin history spans 9 years, with the latest figure at 35.35% for Q4 2025.

  • For Q4 2025, FCF Margin rose 264.0% year-over-year to 35.35%; the TTM value through Dec 2025 reached 36.92%, up 272.0%, while the annual FY2025 figure was 36.92%, 272.0% up from the prior year.
  • FCF Margin reached 35.35% in Q4 2025 per DBX's latest filing, down from 46.3% in the prior quarter.
  • In the past five years, FCF Margin ranged from a high of 46.3% in Q3 2025 to a low of 21.27% in Q1 2021.
  • Average FCF Margin over 5 years is 33.36%, with a median of 34.03% recorded in 2024.
  • The largest YoY upside for FCF Margin was 1566bps in 2021 against a maximum downside of -1722bps in 2021.
  • A 5-year view of FCF Margin shows it stood at 28.54% in 2021, then increased by 6bps to 30.34% in 2022, then fell by -1bps to 29.97% in 2023, then grew by 9bps to 32.71% in 2024, then grew by 8bps to 35.35% in 2025.
  • Per Business Quant, the three most recent readings for DBX's FCF Margin are 35.35% (Q4 2025), 46.3% (Q3 2025), and 41.31% (Q2 2025).