Dropbox vs NCR Voyix
Dropbox and NCR Voyix are similar in size: $2.52bn and $2.69bn of revenue in their latest fiscal years. Dropbox grew faster (-1.1% against -4.6%). Dropbox kept more of each dollar of sales as profit: a net margin of 20.2% against 2.3%.
| Latest fiscal year | DropboxDBX, 2025 | NCR VoyixVYX, 2025 |
|---|---|---|
| Revenue | $2.52bn | $2.69bn |
| Revenue growth | -1.1% | -4.6% |
| Net income | $508m | $62.0m |
| Operating margin | 27.3% | 1.0% |
| Net margin | 20.2% | 2.3% |
| Return on equity | — | 6.6% |
| Free cash flow | $931m | −$375m |
| Cash | $891m | $231m |
| Total debt | $2.14bn | $1.10bn |
| Debt to equity | — | 116.6% |
| Dividend per share | — | — |
| Dividend yield | — | — |
| Share buybacks | $1.71bn | $74.0m |
| Employees | 2,113 | 13,500 |
| Market value | $7.93bn | $1.21bn |
| Price vs our value range | Within our value range | — |
| Moat score | 53 (Moderate) | 29 (Weak) |
| Insider trades, 12 months | 0 buys, 74 sales | 0 buys, 1 sales |