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Provides a cloud content management and collaboration platform for enterprises to store, secure and share files.
Provides a cloud content management and collaboration platform for enterprises to store, secure and share files.
Sells subscriptions charged per user, mostly on annual or multi-year terms, in tiers that unlock more security, compliance and add-on features, so growth comes from selling higher tiers and extras such as AI to existing customers. Revenue comes mainly from large business accounts reached through its direct sales team and partners.
Moat: narrow (switching costs, customer qualification). Deep integration into enterprise workflows and compliance certifications create switching costs versus consumer file tools.
Headquarters: Redwood City, California, United States · Founded: 2005 · Employees: 2,912
Size Box (BOX) is a United States Information Technology company (Information Technology Services) with a market value of $5.76B, the 1090th largest of 3,117 United States companies the cockpit tracks. Shares closed at $41.95 on 6 Nov 2026.
Performance Over six months the shares gained 63.1%, against +11.3% for the median peer and -1.1% for the United States market (cap-weighted) — 2nd highest of 21 in its peer set.
Growth Revenue grew 9.6% over the last twelve months (peer median +7.9%); the operating margin is 9.4% (peer median 8.4%).
Valuation It trades at 26.0× forward earnings against a peer median of 15.1× (4th most expensive of 20).
Price implies For today's price to make sense, revenue must grow about 20% a year for seven years (Req g). Recent delivered growth is +9%, so the hurdle is +11 pp: the price needs faster growth than the company has been delivering — of companies that just grew 25–50% a year, 93.8% slowed down over the next four years.
Capital Return on invested capital runs 5.8 points above its cost of capital (7.9% WACC).
Backlog Backlog (remaining performance obligations) was $1.70B at 31 Jul 2026, up 13% on a year earlier — 1.4 years of trailing revenue. Backlog detail →
Credit Box has 1 bond outstanding ($460M).
Short interest Short interest is 12.6% of the free float (15 Oct 2026).
Next results Next results expected around 1 Dec 2026 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | $1.23B | $1.18B | $1.09B | $1.04B | $991M |
| Revenue growth | — | +8% | +5% | +5% | — |
| Gross profit | $982M | $933M | $862M | $777M | $738M |
| EBITDA | $154M | $123M | $105M | $102M | $103M |
| Net income | $131M | $115M | $245M | $129M | $26.8M |
| Free cash flow | $389M | $350M | $330M | $317M | $294M |
| Capital expenditure | $44.6M | $41.2M | $30.2M | $18.4M | $16.5M |
| Total debt | $525M | $528M | $721M | $492M | $564M |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Box BOX | $5.76B | +63% | +10% | 9% | 26.0× | 20.3% |
| Dropbox DBX | $7.54B | +20% | 0% | 26% | 11.1× | -5.0% |
| Microsoft MSFT | $3.94T | +28% | +18% | 47% | 25.5× | 17.2% |
| Alphabet Inc. (Class A) GOOGL | $3.47T | -29% | +22% | 33% | 20.5× | 18.5% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | BOX | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +15.5% | -2.3% | 3rd highest of 21 |
| 6-month return | +63.1% | +11.3% | 2nd highest of 21 |
| Distance from 52-week high | -6.5% | -26.3% | 4th highest of 21 |
| Revenue growth (TTM) | +9.6% | +7.9% | 10th highest of 21 |
| Operating margin | 9.4% | 8.4% | 9th highest of 21 |
| Forward P/E | 26.0× | 15.1× | 4th most expensive of 20 |
| Growth the price implies (Req g, 7 yrs) | 20.3% | 5.6% | 4th most demanding of 18 |
| Growth delivered (Del g) | +8.8% | +6.2% | 8th highest of 18 |
| Hurdle (Req g minus delivered) | +11.4 pp | -1.8 pp | 3rd most demanding of 18 |
| ROIC minus cost of capital | +5.8 pp | +4.0 pp | 8th highest of 21 |
| EV / EBITDA | 41.1× | 11.8× | most expensive of 14 |
| Net debt / EBITDA | 0.5× | 0.5× | 9th least indebted of 17 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Box BOX | United States | $5.76B | +63% | +10% | 9% | 26.0× | 20.3% | +8.8% |
| Ingram Micro INGM | United States | $5.85B | -6% | +15% | 2% | 6.8× | 2.9% | +1.4% |
| NICE Ltd. Sponsored ADR NICE | United States | $5.87B | +4% | +8% | 17% | 7.8× | -0.7% | +12.3% |
| TISI 3626.T | Japan | $5.50B | +20% | +5% | 13% | 15.1× | -7.7% | +5.9% |
| HyundaiAutoever 307950.KS | South Korea | $5.49B | -40% | +16% | 5% | 35.7× | 27.6% | +22.2% |
| Science Applications International SAIC | United States | $6.13B | +56% | -1% | 8% | 14.3× | -4.6% | +0.6% |
| Pegasystems PEGA | United States | $5.30B | -10% | +1% | 12% | 13.8× | 8.8% | +11.4% |
| LG Cns 064400.KS | South Korea | $5.29B | +14% | +4% | 9% | 15.5× | 5.6% | +7.2% |
| RIOT RIOT | United States | $6.27B | -31% | +6% | -84% | n/a | n/a | n/a |
| Parsons PSN | United States | $5.16B | -1% | -3% | 5% | 14.8× | 8.4% | +10.2% |
| Computacenter CCC.L | United Kingdom | $6.48B | +15% | +54% | 3% | 16.4× | 7.9% | +11.1% |
| Temenos TEMN.SW | Switzerland | $6.51B | +10% | +30% | 27% | 21.8× | 8.3% | +1.7% |
| Suzhou Centec Communications 688702.SS | China | $6.58B | -45% | +32% | -18% | 5,922.0× | n/a | n/a |
| Xometry XMTR | United States | $6.63B | +44% | +37% | -2% | 91.0× | n/a | n/a |
| Viavi Solutions VIAV | United States | $7.00B | -44% | +40% | 11% | 14.0× | 32.7% | +4.8% |
| Bechtle BC8.DE | Germany | $4.72B | +13% | +8% | 5% | 16.8× | 6.9% | +4.9% |
| KBR KBR | United States | $4.69B | +14% | -3% | 9% | 9.5× | -8.7% | +6.2% |
| Insight Enterprises NSIT | United States | $4.64B | +89% | +3% | 6% | 11.7× | 2.9% | -0.2% |
| Q2 Holdings, Inc. QTWO | United States | $4.57B | +47% | +13% | 13% | 22.5× | 26.6% | +14.6% |
| Softcat SCT.L | United Kingdom | $4.53B | +14% | +35% | 11% | 17.9× | -4.1% | +20.3% |
| Amdocs DOX | United States | $4.53B | -34% | +4% | 17% | 7.7× | -15.8% | +1.8% |
Box has 1 bond outstanding with $460M face value.
Box reported $1.70B of remaining performance obligations at 31 Jul 2026, up 13% from a year earlier and up 6% from the previous quarter. That is 1.4 years of trailing revenue already under contract. Book-to-bill last quarter: 1.31.