Box BOX Ratios & Valuation
| Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | ||
|---|---|---|---|---|---|---|
| Profitability | ||||||
| Gross margin | 79.6%+0.5pp | 79.2%+0.1pp | 78.9%+0.5pp | 79%+2.2pp | 79.1%+3.6pp | |
| Operating margin | 8.6%+2.5pp | 7.1%-0.2pp | 6.1%-1.6pp | 6.1%-0.6pp | 6.2%+0.4pp | |
| Net margin | 10.3%-11.0pp | 9.8%-12.6pp | 19.8%+5.8pp | 20.3%+6.4pp | 21.4%+8.3pp | |
| EBITDA margin | 11.6%+3.2pp | 9.9%+0.5pp | 8.7%-1.7pp | 8.4%-1.7pp | 8.4%-1.5pp | |
| Free cash flow margin | 30%+0.4pp | 29.8%-0.5pp | 29.8%+0.3pp | 29.7%-0.9pp | 29.6%-1.0pp | |
| Returns | ||||||
| Return on assets | 8.2%-8.6pp | 7.2%-9.6pp | 15.4%+2.8pp | 16.6%+3.2pp | 16.7%+4.7pp | |
| Efficiency | ||||||
| Asset turnover | 0.8×0.0× | 0.7×0.0× | 0.8×-0.1× | 0.8×-0.1× | 0.8×-0.1× | |
| Liquidity | ||||||
| Current ratio | 1.1×-0.1× | 1.1×-0.1× | 1.2×-0.4× | 1.2×0.0× | 1.2×-0.1× | |
| Quick ratio | 1.1×-0.1× | 1.1×-0.1× | 1.2×-0.4× | 1.2×0.0× | 1.2×-0.1× | |
| Cash ratio | 0.5×-0.3× | 0.5×-0.2× | 0.7×-0.3× | 0.8×+0.1× | 0.8×0.0× | |
| Leverage | ||||||
| Debt-to-assets | 0.4×-0.1× | 0.4×-0.1× | 0.5×-0.1× | 0.5×0.0× | 0.5×0.0× | |
| Net debt / EBITDA | 1.3×+0.7× | 1.6×+0.4× | 1.2×-0.1× | 1×+0.3× | 0.7×+0.3× | |
| Interest coverage | 10×+1.5× | 7.8×-5.3× | 6.4×-13.5× | 6.9×-13.2× | 8.5×-7.9× | |
| Per Share | ||||||
| Book value per share | -$2.41-29.0% | -$2.01-0.4% | -$1.92+40.4% | -$1.78+40.6% | -$1.87+30.0% | |
| Valuation | ||||||
| Market capitalization | $3.35B-24.3% | $3.63B-24.3% | $4.65B+2.2% | $4.65B+14.0% | $4.43B+17.8% | |
| Enterprise value | $3.54B-21.2% | $3.81B-22.5% | $4.77B+1.7% | $4.74B+14.2% | $4.49B+18.4% | |
| Price / earnings | 26.8×+8.0× | 31.5×+11.9× | 20.4×-9.9× | 20.3×-7.3× | 18.8×-8.5× | |
| Price / sales | 2.8×-1.2× | 3.1×-1.3× | 4×-0.2× | 4.1×+0.3× | 4×+0.4× | |
| EV / EBITDA | 25.3×-23.3× | 32.8×-15.5× | 47.8×+5.6× | 49.9×+11.3× | 48.6×+12.0× | |
| EV / sales | 2.9×-1.1× | 3.2×-1.3× | 4.1×-0.2× | 4.2×+0.3× | 4.1×+0.5× | |
| Free cash flow yield | 10.8%+3.4pp | 9.7%+2.8pp | 7.4%+0.4pp | 7.2%-0.8pp | 7.4%-1.2pp | |
| Earnings yield | 3.7%-1.6pp | 3.2%-1.9pp | 4.9%+1.6pp | 4.9%+1.3pp | 5.3%+1.7pp |
Chart any of these lines over time, or line them up against competitors.
Compare these in charts →Questions, answered.
- What are Box's profit margins?
- Box (BOX) runs a 79.6% gross margin and a 8.6% operating margin, with a 10.3% net margin.
- Where do Box's ratios come from?
- Every ratio is computed from Box's SEC filings — trailing-twelve-month flows over period-end balances. Valuation multiples combine those fundamentals with market data, recomputed each period. Switch between quarterly, annual, and TTM, or open any ratio for its full history and peer comparisons.