Dropbox [DBX] vs DigitalOcean [DOCN] Detailed Stock Comparison

TLDR: Quick Comparison Summary

Based on 20 vital metrics comparison: Dropbox Inc. wins in 14 metrics, DigitalOcean Holdings Inc. wins in 6 metrics, with 0 ties. Dropbox Inc. appears stronger overall.

View Metrics Details

Vital Metrics Comparison

Metric Dropbox Inc. DigitalOcean Holdings Inc. Better
P/E Ratio (TTM) 12.80 37.78 Dropbox Inc.
Price-to-Book Ratio -3.35 -304.26 Dropbox Inc.
Debt-to-Equity Ratio -2.00 -59.30 Dropbox Inc.
PEG Ratio 0.48 0.94 Dropbox Inc.
EV/EBITDA 9.79 35.90 Dropbox Inc.
Profit Margin (TTM) 20.17% 28.76% DigitalOcean Holdings Inc.
Operating Margin (TTM) 24.88% 16.01% Dropbox Inc.
EBITDA Margin (TTM) 24.88% 16.01% Dropbox Inc.
Return on Equity -28.29% -903.67% Dropbox Inc.
Return on Assets (TTM) 14.01% 5.64% Dropbox Inc.
Free Cash Flow (TTM) $930.40M $41.09M Dropbox Inc.
1-Year Return -6.86% 451.06% DigitalOcean Holdings Inc.
Price-to-Sales Ratio (TTM) 2.25 10.98 Dropbox Inc.
Enterprise Value $8.31B $10.21B DigitalOcean Holdings Inc.
EV/Revenue Ratio 3.30 11.32 Dropbox Inc.
Gross Profit Margin (TTM) 79.24% 58.69% Dropbox Inc.
Revenue per Share (TTM) $9 $10 DigitalOcean Holdings Inc.
Earnings per Share (Diluted) $1.86 $2.52 DigitalOcean Holdings Inc.
Beta (Stock Volatility) 0.62 1.43 Dropbox Inc.
Short % of Float 26.49% 17.29% DigitalOcean Holdings Inc.

Dropbox Inc. vs DigitalOcean Holdings Inc. Stock Performance Analysis

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Performance Comparison

Short-term Returns

Stock1D1W1M3M6MYTD
Dropbox Inc.-2.02%6.30%12.28%12.82%-5.22%4.57%
DigitalOcean Holdings Inc.0.35%7.68%59.06%197.17%287.88%253.42%

Long-term Returns

Stock1Y3Y5Y10Y15Y20Y
Dropbox Inc.-6.86%13.51%-5.68%-5.62%-5.62%-5.62%
DigitalOcean Holdings Inc.451.06%276.33%289.19%274.61%274.61%274.61%

Performance & Financial Health Analysis: Dropbox Inc. vs DigitalOcean Holdings Inc.

MetricDBXDOCN
Market Information
Market Cap i$5.73B$9.90B
Market Cap CategoryMid capMid cap
10 Day Avg. Volume i2,891,7774,225,050
90 Day Avg. Volume i3,254,7725,275,003
Last Close$27.59$173.68
52 Week Range$21.69 - $32.40$25.56 - $179.81
% from 52W High-14.85%-3.41%
All-Time High$43.50 (Jun 18, 2018)$179.81 (Jun 03, 2026)
% from All-Time High-36.57%-3.41%
Growth Metrics
Quarterly Revenue Growth-0.01%0.18%
Quarterly Earnings Growth0.06%0.41%
Financial Health
Profit Margin (TTM) i0.20%0.29%
Operating Margin (TTM) i0.25%0.16%
Return on Equity (TTM) i-0.28%-9.04%
Debt to Equity (MRQ) i-2.00-59.30
Cash & Liquidity
Book Value per Share (MRQ)$-7.40$-0.31
Cash per Share (MRQ)$4.31$2.77
Operating Cash Flow (TTM) i$951.80M$309.60M
Levered Free Cash Flow (TTM) i$799.94M$112.40M
Dividends
Last 12-Month Dividend Yield iN/AN/A
Last 12-Month Dividend iN/AN/A

Valuation & Enterprise Metrics Analysis: Dropbox Inc. vs DigitalOcean Holdings Inc.

MetricDBX (Apr 26, 2026)DOCN (Apr 26, 2026)
Price Ratios
P/E Ratio (TTM) i12.8037.78
Forward P/E i7.0656.59
PEG Ratio i0.480.94
Price to Sales (TTM) i2.2510.98
Price to Book (MRQ) i-3.35-304.26
Market Capitalization
Market Capitalization i$5.73B$9.90B
Enterprise Value i$8.31B$10.21B
Enterprise Value Metrics
Enterprise to Revenue i3.3011.32
Enterprise to EBITDA i9.7935.90
Risk & Other Metrics
Beta i0.621.43
Book Value per Share (MRQ) i$-7.40$-0.31

Financial Statements Comparison: Dropbox Inc. vs DigitalOcean Holdings Inc.

Financial Metrics

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Revenue

Operating Margin

Profit Margin

Long Term Debt

Income Flow Analysis

Financial Statements Comparison

Income Statement

MetricDBX (2025)DOCN (2025)
Revenue/Sales i2.52B901.43M
Cost of Goods Sold i500.80M361.84M
COGS % of Revenue i19.9%40.1%
Gross Profit i2.02B539.59M
Gross Margin i80.1%59.9%
Research & Development i732.00M161.62M
Operating Income (EBIT) i687.80M156.99M
Operating Margin i27.3%17.4%
EBITDA i852.30M313.95M
EBITDA Margin i33.8%34.8%
Pre-Tax Income i617.60M206.66M
Pre-Tax Income % of Revenue i24.5%22.9%
Income Tax i109.20M-52.60M
Income Tax % of Revenue i4.3%-5.8%
Net Income (Profit) i508.40M259.26M
Profit Margin i20.2%28.8%

Balance Sheet & Liquidity Metrics

MetricDBX (2025)DOCN (2025)
Cash & Equivalents i891.30M254.48M
Total Current Assets i1.19B426.98M
Total Current Assets % of Revenue i47.2%47.4%
Total Current Liabilities i1.89B619.46M
Total Current Liabilities % of Revenue i75.1%68.7%
Long-Term Debt i2.68B1.14B
Long-Term Debt % of Revenue i106.3%126.2%
Total Shareholders Equity i-1.80B-28.69M
Retained Earnings i-3.82B-43.74M
Retained Earnings % of Revenue i-151.3%-4.9%
Property, Plant & Equipment i270.70M415.67M

Cash Flow Statement Comparison

MetricDBX (2025)DOCN (2025)
Operating Cash Flow i1.00B366.65M
Operating Cash Flow % of Revenue i39.8%40.7%
Capital Expenditures i17.10M-126.60M
Free Cash Flow i930.40M41.09M
FCF Margin i36.9%4.6%
Debt Repayment i-140.20M-1.14B
Common Stock Repurchase i-1.71B-82.12M

Short Interest & Institutional Ownership Analysis

MetricDBXDOCN
Shares Short i27.52M11.79M
Short Ratio i7.832.01
Short % of Float i26.49%17.29%
Shares Outstanding i242.90M91.95M
Float Shares i151.72M71.26M
% Held by Insiders i6.88%22.88%
% Held by Institutions i124.02%68.89%
% Held by Public i-30.90%8.23%

Dividend Analysis & Yield Comparison: Dropbox Inc. vs DigitalOcean Holdings Inc.

MetricDBXDOCN
Last 12-Month Dividend iN/AN/A
Last 12-Month Dividend Yield iN/AN/A
3-Year Avg Annual Dividend iN/AN/A
3-Year Avg Dividend Yield iN/AN/A
3-Year Total Dividends iN/AN/A
Ex-Dividend DateN/AN/A