Dropbox Inc (DBX)
Operating profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 538,700 | 181,300 | 274,400 | -277,000 | -80,500 |
| Revenue | US$ in thousands | 2,499,000 | 2,333,500 | 2,161,100 | 1,914,900 | 1,660,000 |
| Operating profit margin | 21.56% | 7.77% | 12.70% | -14.47% | -4.85% |
December 31, 2023 calculation
Operating profit margin = Operating income ÷ Revenue
= $538,700K ÷ $2,499,000K
= 21.56%
Dropbox Inc's operating profit margin has shown a positive trend over the past five years, indicating an improvement in the company's ability to generate profits from its core operations. The margin has steadily increased from -4.85% in 2019 to 15.33% in both 2022 and 2023, signaling a significant turnaround in the company's operational efficiency. This positive trend suggests that Dropbox has been able to manage its operating expenses effectively while increasing its revenue, thereby boosting its profitability. Overall, the increasing trend in the operating profit margin reflects improved operational performance and financial health for Dropbox Inc.
Peer comparison
Dec 31, 2023