Dropbox (DBX) Return on Capital Employed (2018 - 2026)
Dropbox's (DBX) quarterly Return on Capital Employed came in at 38.48% in Q1 2026, down 189.0% YoY from 43.24% in Q1 2025, and down 48.24% on a QoQ basis from 74.35% in Q4 2025.
Dropbox (DBX) Return on Capital Employed (2018 - 2026) Analysis & Trends
Dropbox (DBX) has 9 years of Return on Capital Employed data on file, last reported at 38.48% in Q1 2026.
- Quarterly Return on Capital Employed fell 189.0% year-over-year to 38.48% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 38.48% (down 189.0% YoY) and the FY2025 annual result came in at 57.83%, up 3282.0% from the prior year.
- Return on Capital Employed slipped to 38.48% in Q1 2026, from 74.35% in the prior quarter.
- In the past five years, Return on Capital Employed ranged from a high of 74.35% in Q4 2025 to a low of 8.36% in Q2 2023.
- A 5-year average of 32.73% and a median of 30.0% in 2023 frame the typical range for Return on Capital Employed.
- Annual changes were most pronounced in 2023 — Return on Capital Employed plunged 1080 bps — and 2025, when it jumped 4641 bps.
- Tracing DBX's Return on Capital Employed over 5 years: stood at 10.6% in 2022, then jumped by 183 bps to 30.0% in 2023, then declined by 7 bps to 27.94% in 2024, then surged by 166 bps to 74.35% in 2025, then plunged by 48 bps to 38.48% in 2026.
- The last three Return on Capital Employed figures came in at 38.48% (Q1 2026), 74.35% (Q4 2025), and 69.52% (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROCE (Qtr) |
|---|---|---|---|---|---|
| 1 | Microsoft | 3,576.39 Bn | 3,443.64 Bn | 60.48 Bn | 27.85% |
| 2 | Palantir Technologies | 412.58 Bn | 403.17 Bn | 1.64 Bn | 28.02% |
| 3 | Oracle | 407.66 Bn | 375.77 Bn | - | 9.73% |
| 4 | Palo Alto Networks | 299.27 Bn | 296.16 Bn | 2.03 Bn | 3.83% |
| 5 | Fortinet | 115.83 Bn | 111.76 Bn | 1.64 Bn | 44.16% |
| 6 | Cloudflare | 106.65 Bn | 102.48 Bn | 499.52 Mn | -9.60% |
| 7 | Synopsys | 76.61 Bn | 74.41 Bn | 1.77 Bn | 1.98% |
| 8 | CoreWeave | 51.53 Bn | 45.99 Bn | 1.70 Bn | -0.51% |
| 9 | Block | 47.55 Bn | 41.12 Bn | 3.17 Bn | 4.02% |
| 10 | Dropbox | 7.61 Bn | 6.50 Bn | 506.50 Mn | 38.55% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 38.55% |
| Mar 31, 2026 | 38.48% |
| Dec 31, 2025 | 74.35% |
| Sep 30, 2025 | 69.52% |
| Jun 30, 2025 | 56.05% |
| Mar 31, 2025 | 40.37% |
| Dec 31, 2024 | 27.94% |
| Sep 30, 2024 | 46.05% |
| Jun 30, 2024 | 42.48% |
| Mar 31, 2024 | 34.70% |
| Dec 31, 2023 | 30.00% |
| Sep 30, 2023 | 10.74% |
| Jun 30, 2023 | 8.36% |
| Mar 31, 2023 | 9.26% |
| Dec 31, 2022 | 10.60% |
| Sep 30, 2022 | 21.08% |
| Jun 30, 2022 | 19.16% |
| Mar 31, 2022 | 17.33% |
| Dec 31, 2021 | 13.45% |
| Sep 30, 2021 | -6.60% |