Box Inc. (BOX)
NYSE:BOX
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Box
(NYSE:BOX)
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Rating:68Neutral
Price Target:
$25.00
▲(11.41% Upside)
Action:ReiteratedDate:03/05/26
The score is led by strong cash generation and high gross profitability, supported by a generally positive earnings outlook (FY27 growth guidance, RPO strength, and Enterprise Advanced traction). Offsetting this are a mixed technical picture (below key longer-term moving averages with negative MACD) and a relatively high P/E with no dividend yield support.
Positive Factors
Free Cash Flow Strength
Consistent, record FCF (~$313M) and operating cash that tracks ~98–99% of net income provide durable internal funding. This underpins capital returns, share repurchases, and repeatable investment in AI and GTM initiatives without relying on external financing, increasing long-term financial flexibility.
Negative Factors
Slowing Revenue Growth
Revenue growth decelerated materially versus prior years, signaling tougher market expansion or competitive/commercial friction. Slower top-line momentum constrains operating leverage and limits the pace at which fixed-cost investments translate into higher operating profit over a multi-quarter horizon.
Read all positive and negative factors
Positive Factors
Negative Factors
Free Cash Flow Strength
Consistent, record FCF (~$313M) and operating cash that tracks ~98–99% of net income provide durable internal funding. This underpins capital returns, share repurchases, and repeatable investment in AI and GTM initiatives without relying on external financing, increasing long-term financial flexibility.
Read all positive factors
Box (BOX) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$3.21B
Dividend YieldN/A
Average Volume (3M)2.57M
Price to Earnings (P/E)35.8
Beta (1Y)0.55
Revenue Growth7.21%
EPS Growth58.61%
CountryUS
Employees2,810
SectorTechnology
Sector Strength88
IndustrySoftware - Infrastructure
Share Statistics
EPS (TTM)0.49
Shares Outstanding138,449,580
10 Day Avg. Volume1,982,351
30 Day Avg. Volume2,571,188
Financial Highlights & Ratios
PEG Ratio-0.63
Price to Book (P/B)-12.12
Price to Sales (P/S)3.08
P/FCF Ratio10.35
Enterprise Value/Market Cap1.20
Enterprise Value/Revenue3.28
Enterprise Value/Gross Profit4.14
Enterprise Value/Ebitda27.46
Forecast
1Y Price Target
$33.50Price Target Upside49.29% Upside
Rating ConsensusHold
Number of Analyst Covering8
EPS Forecast (FY)1.57
Revenue Forecast (FY)$1.28B
Box Business Overview & Revenue Model
Company Description
Box, Inc. provides a cloud content management platform that enables organizations of various sizes to manage and share their content from anywhere on any device. The company's Software-as-a-Service platform enables users to collaborate on content ...
How the Company Makes Money
Box primarily makes money by selling subscriptions to its cloud content management platform, generally contracted with business and enterprise customers on recurring terms (often annual) and priced based on factors such as user seats and plan tier...
Box Key Performance Indicators (KPIs)
Any
Total Remaining Performance Obligations
Represents future revenue from contracts yet to be fulfilled, providing insight into revenue visibility and the strength of customer commitments.
Represents future revenue from contracts yet to be fulfilled, providing insight into revenue visibility and the strength of customer commitments.
Data provided by:
The Fly
The FlyBox Earnings Call Summary
Earnings Call Date:Mar 03, 2026
(Q4-2026)
| % Change Since: |
Next Earnings Date:Jun 02, 2026
Earnings Call Sentiment Positive
The call presented a predominantly positive operational story: accelerating product and AI momentum, clear early traction for Enterprise Advanced (10% of revenue) with significant pricing uplifts, improved forward revenue visibility (RPO), strong margins and record free cash flow. Near-term cautions include modest billings growth, FX headwinds (notably Q1 USD/JPY impact), deliberate FY27 investments that temper margin expansion, and only modest net retention improvement. Overall, the positives — product/AI momentum, topline acceleration, RPO growth, margin/profitability and capital returns — outweigh the near-term execution and macro headwinds.Positive Updates
Strong Q4 and FY26 Revenue with EPS Beat
Q4 revenue of $306M, up 9% year-over-year (8% in constant currency). FY26 revenue of $1.18B, up 8% year-over-year (7% constant currency). Q4 non-GAAP EPS of $0.49, above guidance ($0.33) and above company expectations.
Negative Updates
Moderate Billings Growth and Potential Lead-Indicator Risk
Q4 billings grew 5% YoY (4% constant currency), and management expects FY27 billings growth to be roughly in line with revenue growth (notably only low-single-digit billings growth in Q1). Slower billings growth versus revenue can be an early signal for future cash/booking momentum risk.
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Q4-2026 Updates
Positive
Negative
Strong Q4 and FY26 Revenue with EPS Beat
Q4 revenue of $306M, up 9% year-over-year (8% in constant currency). FY26 revenue of $1.18B, up 8% year-over-year (7% constant currency). Q4 non-GAAP EPS of $0.49, above guidance ($0.33) and above company expectations.
Read all positive updates
Company Guidance
Box provided Q1 FY‑27 guidance of roughly $304M revenue (≈10% YoY, 9% constant‑currency), low‑single‑digit billings growth with an FX headwind of ~530 basis points, Q1 gross margin ~81.5%, Q1 operating margin ~27.5% (up ~220 bps YoY), Q1 EPS ~$0.36 on ~141M weighted diluted shares; for full‑year FY‑27 they guided to ~$1.275B revenue (≈8% YoY, 9% cc) with billings roughly in line with revenue (≈100 bps FX headwind for the year), FY gross margin ~81.5%, FY operating margin ~28% (28.5% in constant currency), FY EPS ~$1.55 ($1.58 cc) on ~141M shares; they also expect net retention of ~104% in Q1 and 104–105% by year‑end, to recognize ~55% of RPO over the next 12 months, and noted a ~$3M BoxWorks expense shift from Q3 into Q4.Box Financial Statement Overview
Summary
Income Statement
74
Positive
Balance Sheet
63
Positive
Cash Flow
88
Very Positive
| Breakdown | Jan 2026 | Jan 2025 | Jan 2024 | Jan 2023 | Jan 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 1.18B | 1.09B | 1.04B | 990.87M | 874.33M |
| Gross Profit | 932.61M | 862.02M | 777.13M | 738.32M | 624.85M |
| EBITDA | 140.67M | 113.34M | 101.99M | 102.83M | 53.62M |
| Net Income | 101.31M | 244.62M | 129.03M | 26.78M | -41.46M |
Balance Sheet | |||||
| Total Assets | 1.55B | 1.67B | 1.24B | 1.21B | 1.39B |
| Cash, Cash Equivalents and Short-Term Investments | 478.06M | 722.82M | 480.69M | 461.25M | 586.27M |
| Total Debt | 1.02B | 721.32M | 491.80M | 535.10M | 621.50M |
| Total Liabilities | 1.85B | 1.47B | 1.18B | 1.24B | 1.79B |
| Stockholders Equity | -299.28M | 197.28M | 61.03M | -33.86M | -395.09M |
Cash Flow | |||||
| Free Cash Flow | 350.38M | 329.68M | 316.88M | 293.55M | 230.12M |
| Operating Cash Flow | 356.45M | 332.26M | 318.73M | 297.98M | 234.82M |
| Investing Cash Flow | -42.70M | -23.21M | -82.79M | 120.60M | -239.37M |
| Financing Cash Flow | -569.52M | -62.36M | -272.90M | -396.50M | -172.86M |
Box Technical Analysis
Negative
22.44
Price Trends
24.18
Negative
26.88
Negative
29.70
Negative
Market Momentum
-0.25
Positive
41.16
Neutral
58.45
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For BOX, the sentiment is Negative. The current price of 22.44 is below the 20-day moving average (MA) of 24.04, below the 50-day MA of 24.18, and below the 200-day MA of 29.70, indicating a bearish trend. The MACD of -0.25 indicates Positive momentum. The RSI at 41.16 is Neutral, neither overbought nor oversold. The STOCH value of 58.45 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for BOX.
Box Risk Analysis
Box disclosed 56 risk factors in its most recent earnings report. Box reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Box Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
74 Outperform | $5.21B | 24.00 | 15.32% | ― | 10.05% | ― | |
68 Neutral | $3.21B | 35.80 | 115.65% | ― | 7.21% | 58.61% | |
66 Neutral | $5.47B | 17.39 | 29.38% | ― | -1.15% | -2.52% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
60 Neutral | $5.31B | 14.67 | -35.62% | ― | -0.44% | 2.47% | |
58 Neutral | $4.35B | -10.24 | -29.84% | ― | 24.09% | -34.25% | |
54 Neutral | $2.53B | -38.13 | -27.04% | ― | 11.37% | -34.44% |
* Technology Sector Average
BOX
Box
22.44
-7.58
-25.25%
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Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.