Box, Inc.
Rank #37HypergrowthBOX · NYSE · Technology
Box, Inc. (BOX) — Rank #37 by gross profitability (GP/assets 0.66) · ROE -32.9% · Piotroski F-Score N/A.
As-of 2026-09-15 · CIK 0001372612 · all metrics point-in-time as of the filing date.
About
Box, Inc. provides a cloud content management platform that enables organizations of various sizes to manage cloud content from anywhere and on any device in Poland, Australia, Canada, the European Union, France, Israel, Japan, Singapore, Switzerland, the United Kingdom, and the United States.
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The company's Software-as-a-Service platform enables users to work with their content as they need from secure external collaboration, workspaces to e-signature processes, and content workflows improving employee productivity and accelerating business processes. It offers web, mobile, and desktop applications of its solutions on a platform, as well as the ability to develop custom applications. The company was formerly known as Box.net, Inc. and changed its name to Box, Inc. in November 2011. Box, Inc.
was incorporated in 2005 and is headquartered in Redwood City, California.
- Industry
- Software - Infrastructure
- Sector
- Technology
- State
- DE
- Filer Category
- Large accelerated filer
- Fiscal Year End
- January 31
- Website
- box.com
Price History
Company Snapshot
P/S is the primary valuation lens — earnings are reinvested, not available for P/E.
Market Cap
$4.82B
P/E (annual)
60.6
P/S (annual)
4.1
P/B
—
P/OCF (annual)
13.5
Shareholder Yield
—
Employees
1,980
Industry
Software - Infrastructure
Exchange
NYSE
Signal Flags
Quality Profile
Profitability
1/1 passSafety
1/1 passCash Flow
3/3 passGrowth
1/1 passTerry Smith quality gate
Passes 2/5 Terry Smith thresholdsWhat Growth Is Priced In
Implied revenue growth (10Y)
3.7%
The annual FCF growth rate today's price requires over a 10-year horizon (discount rate 10%, terminal growth 2.5%).
vs. own 6-year median revenue growth: 39.9%
within its own historyCost-of-equity sensitivity (implied growth at different discount rates)
r = 8%
-0.3%
r = 10% (base)
3.7%
r = 12%
7.3%
Net debt / market cap: 0.2%
Earnings bubble check
Current margins may be above sustainable levels — a P/E based on peak earnings can overstate cheapness.
Disclosure regression check
2 previously-disclosed line items are no longer reported. Worth checking the filing for why.
Revenue growth and the path to profitability (margin trend) are the primary reads at this stage.
Profitability
Gross profitability (GP / assets)
0.66
Primary signal (Novy-Marx).
92nd pctl of 38 SIC 7372 peers
Return on equity
-32.9%
Gross margin
79.2%
78th pctl of 38 SIC 7372 peers
Revenue growth (YoY)
195.3%
Gross margin improving
Margin trend vs prior year.
Operating Leverage
| 2016 | 2017 | 2018 | 2021 | |
|---|---|---|---|---|
| Revenue vs COGS | ||||
| Revenue vs OpEx | ||||
| Op. Income vs Revenue |
Growth
Revenue CAGR (3Y)
—
Revenue CAGR (5Y)
8.8%
Earnings CAGR (3Y)
62.7%
FCF CAGR (3Y)
—
Anti-fragile safety
Balance-sheet safety
Composite anti-fragile check.
Debt / equity
—
Current ratio
1.06×
5th pctl of 38 SIC 7372 peers
Quick ratio
0.92×
Net cash
-$8.08M
Cash & equivalents minus total debt.
Cash-flow health
Free cash flow
$350.38M
Operating cash flow minus capex.
Positive free cash flow
FCF / net income
2.04
Cash-backing of earnings.
FCF/NI divergence
Unfavorable divergence (yellow flag).
Accruals healthy
Cash-backed earnings.
SBC / revenue
19.9%
Stock-based comp intensity.
Piotroski F-Score
F-Score
N/A
Only 8/9 components determinable.