Quality Investor
MarketsPortfolioEvidenceTestedCompareWatchlistAbout 

Box, Inc.

Rank #37ValueWatchlistCompare with other stocks

BXCAP · OTC · Technology

Box, Inc. (BXCAP) — Rank #37 by gross profitability (GP/assets 0.66) · ROE -32.9% · Piotroski F-Score 5 / 9.

As-of 2026-10-30 · 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.

Show more

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 has a partnership with OpenAI to reimagine AI- and content-powered enterprise work that allows users to securely browse, access, and work with Box content directly in ChatGPT. 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

Company Snapshot

P/E and dividend yield are the primary valuation lenses for mature businesses.

Market Cap

—

P/E (annual)

—

P/S (annual)

—

P/B

—

P/OCF (annual)

—

Shareholder Yield

—

Employees

2,912

Industry

Software - Infrastructure

Exchange

OTC

11/12

Flags passed

BXCAP fails 1 critical flag

Passes 11 of 12 quality flags

  • FAIL
    Operating margin declining

    Operating margin lower than prior year

  • PASS
    Gross margin holding
  • PASS
    Dilution within 2%
  • PASS
    FCF not negative from investment
  • PASS
    Disclosure consistent
  • PASS
    Revenue not declining
  • PASS
    Free cash flow intact
  • PASS
    Passes safety gate
  • PASS
    Balance sheet stable
  • PASS
    No competitive retreat
  • PASS
    SBC not compressing margin
  • PASS
    No valuation convergence

Strengths Revenue growth accelerating · Deferred revenue growing · RPO outpacing revenue · Sequential beat (rev + EPS)

A count of the 12 warning flags that could be evaluated. Unweighted: colour follows the worst flag.

Quality Profile

Profitability

1/1 pass
GP / assets
0.66
Return on equity
-32.9%
Gross margin trend
PASS

Safety

1/1 pass
Balance-sheet safety
PASS
Debt / equity
—
Current ratio
1.06×
Net cash
-$8.08M

Cash Flow

3/3 pass
Positive FCF
PASS
Cash-backed earnings
PASS
Accruals healthy
PASS
SBC / revenue
19.9%

Growth

2/2 pass
Revenue growth
8.0%
Piotroski F-Score
5 / 9
Share dilution
0.3%

Dividend yield and payout ratio are the primary reads at this stage (trailing P/E — see valuation above).

Profitability

Does it make money well?

Warning: Operating margin declining · GP/assets 94th percentile of 36 SIC 7372 peers

Gross profitability (GP / assets)

0.66

Primary signal (Novy-Marx).

94th pctl of 36 SIC 7372 peers

Return on equity

-32.9%

Gross margin

79.2%

83rd pctl of 36 SIC 7372 peers

Revenue growth (YoY)

8.0%

RPO growth (YoY)

14.0%

Remaining performance obligations growth — RPO > revenue = forward demand building.

Gross margin improving

Margin trend vs prior year.

PASS

Operating Leverage

2023202420252026
Revenue vs COGS
Revenue vs OpEx
Op. Income vs Revenue

Growth

Revenue CAGR (3Y)

5.9%

Revenue CAGR (5Y)

8.8%

Earnings CAGR (3Y)

62.7%

FCF CAGR (3Y)

—

Cash Flow Health

Is the cash real?

No warning flags · FCF 204% above net income

Free cash flow

$350.38M

Operating cash flow minus capex.

Positive free cash flow

PASS

FCF vs net income

203.7%

(FCF − net income) ÷ |net income|. Positive: cash above earnings. Negative: below.

FCF not below net income

Fails when free cash flow is below net income (yellow flag).

PASS

Accruals healthy

Cash-backed earnings.

PASS

SBC / revenue

19.9%

Stock-based comp intensity.

Balance Sheet Strength

Can it survive a storm?

No warning flags · net debt $8.08M, F-Score 5/9

Balance-sheet safety

Composite anti-fragile check.

PASS

Debt / equity

—

Current ratio

1.06×

6th pctl of 36 SIC 7372 peers

Quick ratio

0.92×

Net cash

-$8.08M

Cash & equivalents minus total debt.

Piotroski F-Score

5 / 9

Fundamental-strength score (0-9).

Valuation

Is the price reasonable?

No warning flags

Capital allocation quality

Composite score

2.3 / 5

Fair
Share count trend
0.3%2/5 Fair
Buyback timing
N/AN/A
Dividend growth consistency(non-payer or broken streak)
0 yr3/5 Good
Net debt trajectory
-2.8%2/5 Fair

Lifecycle Phase History

20212026
Startup
Capital Return
Value

Price History

BXCAP+0.6% · +4.9% CAGRSPY+0.2% · +1.2% CAGR

View full financial statements →

Source filings on SEC EDGAR: 10-K annual reports · 10-Q quarterly reports