Dropbox Inc (DBX)
Operating profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 486,200 | 538,700 | 181,300 | 274,400 | -277,000 |
| Revenue | US$ in thousands | 2,548,200 | 2,501,600 | 2,324,900 | 2,157,900 | 1,913,900 |
| Operating profit margin | 19.08% | 21.53% | 7.80% | 12.72% | -14.47% |
December 31, 2024 calculation
Operating profit margin = Operating income ÷ Revenue
= $486,200K ÷ $2,548,200K
= 19.08%
Dropbox Inc's operating profit margin has shown significant fluctuations over the past five years. The margin was at a negative 14.47% as of December 31, 2020, indicating that the company was operating at a loss during that period. However, there was a notable turnaround in the following years, with the margin improving to 12.72% by December 31, 2021.
Subsequently, the operating profit margin continued to increase to 7.80% by December 31, 2022, showing a positive trend in the company's profitability. The trend further improved as of December 31, 2023, with the operating profit margin reaching 21.53%, indicating a substantial increase in profitability.
Although there was a slight decrease in the operating profit margin to 19.08% by December 31, 2024, the company maintained a strong profitability level compared to the earlier years. Overall, Dropbox Inc's operating profit margin analysis reflects a mix of challenges and improvements, highlighting the company's ability to enhance operational efficiency and generate greater profits over the years.
Peer comparison
Dec 31, 2024