BOX vs Figma
BOX and Figma are similar in size: $1.18bn and $1.06bn of revenue in their latest fiscal years. Figma grew faster (41.0% against 8.0%). BOX kept more of each dollar of sales as profit: a net margin of 9.8% against -118.4%.
| Latest fiscal year | BOXBOX, 2026 | FigmaFIG, 2025 |
|---|---|---|
| Revenue | $1.18bn | $1.06bn |
| Revenue growth | 8.0% | 41.0% |
| Net income | $115m | −$1.25bn |
| Operating margin | 7.1% | -122.2% |
| Net margin | 9.8% | -118.4% |
| Return on equity | — | -88.2% |
| Free cash flow | $350m | $246m |
| Cash | $375m | $403m |
| Total debt | $451m | $0 |
| Debt to equity | — | 0.0% |
| Dividend per share | — | — |
| Dividend yield | — | — |
| Share buybacks | $290m | $0 |
| Employees | 2,912 | — |
| Market value | $5.93bn | $11.71bn |
| Price vs our value range | Within our value range | — |
| Moat score | 40 (Weak) | — |
| Insider trades, 12 months | 0 buys, 41 sales | 3 buys, 158 sales |