DropboxWBO:DBX +2.41%72 EBITDA Margin % is 33.66% as of Mar. 2026, which is 88% above its 10-year median of 17.92. GuruFocus rates WBO:DBX with a GF Score™ of 72/100 and a GF Value™ of €31.02 (Modestly Undervalued). The stock has 2 warning signs investors should review. Among 2,818 Software companies, Dropbox ranks better than 90.49% on this metric.
EBITDA Margin % is calculated as EBITDA divided by its Revenue. Dropbox's EBITDA for the
three
months ended in Mar. 2026 was €183 Mil. Dropbox's Revenue for the
three
months ended in Mar. 2026 was €545 Mil. Therefore, Dropbox's EBITDA margin for the quarter that ended in Mar. 2026 was 33.66%.
Dropbox (WBO:DBX) EBITDA Margin % Explanation
EBITDA Margin % is the ratio of EBITDA divided by net sales or Revenue. It is an performance metric measuring company's operating profitability. EBITDA Margin takes depreciation and amortization, interest expense and tax into account, which makes it easy to compare the relative profitability of companies of different sizes in the same industry.
Dropbox EBITDA Margin % Related Terms
Dropbox EBITDA Margin % Historical Data
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The historical data trend for Dropbox's EBITDA Margin % can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
WBO:DBX vs PATH, DOX, ZETA: EBITDA Margin % Comparison
For the Software - Infrastructure subindustry, Dropbox's EBITDA Margin %, along with its competitors' market caps and EBITDA Margin % data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Dropbox EBITDA Margin % vs Software Industry
For the Software industry and Technology sector, Dropbox's EBITDA Margin % distribution charts can be found below:
* The bar in red indicates where Dropbox's EBITDA Margin % falls into.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Dropbox (WBO:DBX) has a EBITDA Margin % of 33.66% as of Mar. 2026. EBITDA Margin is the ratio of EBITDA divided by net sales or Revenue, usually presented in percent. View historical data on Dropbox and its competitors. This is 88% above median its historical median of 17.92. According to the industry distribution chart, Dropbox ranks #268 out of 2818 companies in the Software industry, placing it in the top 9.5%.
Is Dropbox's EBITDA Margin % too high?
Dropbox's current EBITDA Margin % of 33.66% is 88% above median its 10-year median of 17.92. The Software industry median EBITDA Margin % is 8.07. Dropbox's value of 33.66% is 317.1% above this industry median. Based on the distribution chart, Dropbox ranks #268 out of 2818 companies in the Software industry, which is in the top quartile — a strong position relative to peers. Overall, Dropbox has a GF Score™ of 72/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Dropbox's EBITDA Margin % compare to PATH and DOX?
According to the Software industry distribution chart, Dropbox ranks #268 out of 2818 companies for EBITDA Margin %. This places Dropbox in the top 10% of its industry — outperforming the majority of peers. The industry median EBITDA Margin % is 8.07. Dropbox's value of 33.66% is 317.1% above this benchmark. While the company's 10-year median is 17.92 vs. the industry median of 8.07, Dropbox has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good EBITDA Margin % for a Software company?
The median EBITDA Margin % among Software companies is 8.07, based on 2,818 companies in the industry. Companies in the top quartile (top 25%) have a EBITDA Margin % significantly above this median, while those in the bottom quartile fall well below. However, EBITDA Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Dropbox's current EBITDA Margin % of 33.66% is 317.1% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high EBITDA Margin % mean?
A high EBITDA Margin % can signal that a stock is expensive relative to its fundamentals. EBITDA Margin is the ratio of EBITDA divided by net sales or Revenue, usually presented in percent. View historical data on Dropbox and its competitors. For the Software industry, the median EBITDA Margin % is 8.07 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Dropbox's current EBITDA Margin % is 33.66%, which is 88% above median its own 10-year median of 17.92. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Dropbox stock overvalued right now?
Based on GuruFocus' analysis, Dropbox (WBO:DBX) is currently considered Modestly Undervalued. The stock's GF Value™ is €31.02, compared to a current price of €23.61 — trading 23.9% below its estimated fair value. The current EBITDA Margin % is 33.66%, which is 88% above median its 10-year median of 17.92 and 317.1% above the Software industry median of 8.07. Dropbox's overall GF Score™ is 72/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EBITDA Margin % calculated?
EBITDA Margin % is calculated from a company's financial statements. For Dropbox (WBO:DBX), the current EBITDA Margin % is 33.66% as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Dropbox (WBO:DBX) Overvalued in 2026?
Based on GuruFocus' analysis, Dropbox stock appears to be undervalued.
The current stock price of €23.61 is trading 23.9% below its estimated GF Value™ of €31.02.
GuruFocus considers Dropbox to be Modestly Undervalued.
Key valuation signals for WBO:DBX:
EBITDA Margin %: 33.66% (88% above median its 10-year median of 17.92)
GF Value™: €31.02 vs. price of €23.61 (23.9% below fair value)
Industry Position: 317.1% above the Software median (#268 of 2818)
No single metric tells the full story. See the WBO:DBX stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Dropbox provides cloud storage and content collaboration tools, focusing on individuals and small to midsize businesses. Founded in 2007, Dropbox was a pioneer in the file sync and share market. In recent years, the firm has been emphasizing its Dash product, which facilitates AI-powered universal search across unstructured cloud data.
72GF Score
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