Dropbox Inc (DBX)
Pretax margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) | US$ in thousands | 554,400 | 192,700 | 299,300 | -250,200 | -52,000 |
| Revenue | US$ in thousands | 2,499,000 | 2,333,500 | 2,161,100 | 1,914,900 | 1,660,000 |
| Pretax margin | 22.18% | 8.26% | 13.85% | -13.07% | -3.13% |
December 31, 2023 calculation
Pretax margin = EBT ÷ Revenue
= $554,400K ÷ $2,499,000K
= 22.18%
Dropbox Inc's pretax margin has shown significant fluctuations over the past five years. The company's pretax margin improved notably from -3.13% in 2019 to 22.16% in 2023, indicating a strong turnaround in profitability. The positive trend continued through the subsequent years, with pretax margins of 13.87% in 2021 and 8.29% in 2022. Notably, the company managed to maintain profitability even during the challenging year of 2020, where it reported a pretax margin of -13.07%. Overall, the upward trajectory in pretax margin reflects improved operational efficiency and cost management by Dropbox Inc in recent years.
Peer comparison
Dec 31, 2023