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Side-by-side financial comparison of Acadia Healthcare Company, Inc. (ACHC) and DROPBOX, INC. (DBX). Click either name above to swap in a different company.

Acadia Healthcare Company, Inc. is the larger business by last-quarter revenue ($821.5M vs $636.2M, roughly 1.3× DROPBOX, INC.). DROPBOX, INC. runs the higher net margin — 17.1% vs -143.3%, a 160.4% gap on every dollar of revenue. On growth, Acadia Healthcare Company, Inc. posted the faster year-over-year revenue change (6.1% vs -1.1%). DROPBOX, INC. produced more free cash flow last quarter ($224.9M vs $-179.5M). Over the past eight quarters, Acadia Healthcare Company, Inc.'s revenue compounded faster (3.4% CAGR vs 0.4%).

Acadia Healthcare Company, Inc. is an American provider of for-profit behavioral healthcare services. It operates a network of over 225 facilities across the United States and Puerto Rico.

Dropbox is a file hosting service operated by the American company Dropbox, Inc., headquartered in San Francisco, California, that offers cloud storage, file synchronization, personal cloud, and client software. Dropbox was founded in 2007 by MIT students Drew Houston and Arash Ferdowsi as a startup company, with initial funding from seed accelerator Y Combinator.

ACHC vs DBX — Head-to-Head

Bigger by revenue
ACHC
ACHC
1.3× larger
ACHC
$821.5M
$636.2M
DBX
Growing faster (revenue YoY)
ACHC
ACHC
+7.2% gap
ACHC
6.1%
-1.1%
DBX
Higher net margin
DBX
DBX
160.4% more per $
DBX
17.1%
-143.3%
ACHC
More free cash flow
DBX
DBX
$404.4M more FCF
DBX
$224.9M
$-179.5M
ACHC
Faster 2-yr revenue CAGR
ACHC
ACHC
Annualised
ACHC
3.4%
0.4%
DBX

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
ACHC
ACHC
DBX
DBX
Revenue
$821.5M
$636.2M
Net Profit
$-1.2B
$108.7M
Gross Margin
79.2%
Operating Margin
-142.4%
25.5%
Net Margin
-143.3%
17.1%
Revenue YoY
6.1%
-1.1%
Net Profit YoY
-3710.4%
5.7%
EPS (diluted)
$-12.98
$0.43

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
ACHC
ACHC
DBX
DBX
Q4 25
$821.5M
$636.2M
Q3 25
$851.6M
$634.4M
Q2 25
$869.2M
$625.7M
Q1 25
$770.5M
$624.7M
Q4 24
$774.2M
$643.6M
Q3 24
$815.6M
$638.8M
Q2 24
$796.0M
$634.5M
Q1 24
$768.1M
$631.3M
Net Profit
ACHC
ACHC
DBX
DBX
Q4 25
$-1.2B
$108.7M
Q3 25
$36.2M
$123.8M
Q2 25
$30.1M
$125.6M
Q1 25
$8.4M
$150.3M
Q4 24
$32.6M
$102.8M
Q3 24
$68.1M
$106.7M
Q2 24
$78.5M
$110.5M
Q1 24
$76.4M
$132.3M
Gross Margin
ACHC
ACHC
DBX
DBX
Q4 25
79.2%
Q3 25
79.8%
Q2 25
80.2%
Q1 25
81.3%
Q4 24
81.2%
Q3 24
82.5%
Q2 24
83.1%
Q1 24
83.2%
Operating Margin
ACHC
ACHC
DBX
DBX
Q4 25
-142.4%
25.5%
Q3 25
4.7%
27.5%
Q2 25
5.8%
26.9%
Q1 25
1.7%
29.4%
Q4 24
4.9%
13.7%
Q3 24
12.1%
20.0%
Q2 24
13.4%
20.0%
Q1 24
12.9%
22.7%
Net Margin
ACHC
ACHC
DBX
DBX
Q4 25
-143.3%
17.1%
Q3 25
4.3%
19.5%
Q2 25
3.5%
20.1%
Q1 25
1.1%
24.1%
Q4 24
4.2%
16.0%
Q3 24
8.4%
16.7%
Q2 24
9.9%
17.4%
Q1 24
9.9%
21.0%
EPS (diluted)
ACHC
ACHC
DBX
DBX
Q4 25
$-12.98
$0.43
Q3 25
$0.40
$0.47
Q2 25
$0.33
$0.45
Q1 25
$0.09
$0.51
Q4 24
$0.36
$0.33
Q3 24
$0.74
$0.34
Q2 24
$0.85
$0.34
Q1 24
$0.83
$0.39

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
ACHC
ACHC
DBX
DBX
Cash + ST InvestmentsLiquidity on hand
$133.2M
$891.3M
Total DebtLower is stronger
$2.5B
Stockholders' EquityBook value
$1.9B
$-1.8B
Total Assets
$5.5B
$2.8B
Debt / EquityLower = less leverage
1.28×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ACHC
ACHC
DBX
DBX
Q4 25
$133.2M
$891.3M
Q3 25
$118.7M
$730.7M
Q2 25
$131.4M
$736.3M
Q1 25
$91.2M
$942.2M
Q4 24
$76.3M
$1.3B
Q3 24
$82.1M
$517.6M
Q2 24
$77.2M
$515.1M
Q1 24
$77.3M
$548.9M
Total Debt
ACHC
ACHC
DBX
DBX
Q4 25
$2.5B
Q3 25
$2.3B
Q2 25
$2.3B
Q1 25
$2.2B
Q4 24
$2.0B
Q3 24
$1.9B
Q2 24
$1.8B
Q1 24
$1.9B
Stockholders' Equity
ACHC
ACHC
DBX
DBX
Q4 25
$1.9B
$-1.8B
Q3 25
$3.1B
$-1.5B
Q2 25
$3.1B
$-1.3B
Q1 25
$3.0B
$-1.1B
Q4 24
$3.1B
$-752.4M
Q3 24
$3.0B
$-546.1M
Q2 24
$3.0B
$-371.3M
Q1 24
$2.9B
$-277.2M
Total Assets
ACHC
ACHC
DBX
DBX
Q4 25
$5.5B
$2.8B
Q3 25
$6.4B
$2.8B
Q2 25
$6.3B
$2.8B
Q1 25
$6.1B
$3.0B
Q4 24
$6.0B
$3.3B
Q3 24
$5.9B
$2.6B
Q2 24
$5.7B
$2.7B
Q1 24
$5.5B
$2.8B
Debt / Equity
ACHC
ACHC
DBX
DBX
Q4 25
1.28×
Q3 25
0.74×
Q2 25
0.74×
Q1 25
0.72×
Q4 24
0.64×
Q3 24
0.62×
Q2 24
0.62×
Q1 24
0.65×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
ACHC
ACHC
DBX
DBX
Operating Cash FlowLast quarter
$-86.3M
$235.4M
Free Cash FlowOCF − Capex
$-179.5M
$224.9M
FCF MarginFCF / Revenue
-21.8%
35.4%
Capex IntensityCapex / Revenue
11.3%
1.7%
Cash ConversionOCF / Net Profit
2.17×
TTM Free Cash FlowTrailing 4 quarters
$-439.9M
$930.8M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ACHC
ACHC
DBX
DBX
Q4 25
$-86.3M
$235.4M
Q3 25
$73.2M
$302.1M
Q2 25
$133.5M
$260.5M
Q1 25
$11.5M
$153.8M
Q4 24
$116.7M
$213.8M
Q3 24
$163.1M
$274.2M
Q2 24
$171.1M
$230.6M
Q1 24
$-321.3M
$175.5M
Free Cash Flow
ACHC
ACHC
DBX
DBX
Q4 25
$-179.5M
$224.9M
Q3 25
$-63.0M
$293.7M
Q2 25
$-34.2M
$258.5M
Q1 25
$-163.2M
$153.7M
Q4 24
$-86.8M
$210.5M
Q3 24
$-27.1M
$270.1M
Q2 24
$16.9M
$224.7M
Q1 24
$-463.7M
$166.3M
FCF Margin
ACHC
ACHC
DBX
DBX
Q4 25
-21.8%
35.4%
Q3 25
-7.4%
46.3%
Q2 25
-3.9%
41.3%
Q1 25
-21.2%
24.6%
Q4 24
-11.2%
32.7%
Q3 24
-3.3%
42.3%
Q2 24
2.1%
35.4%
Q1 24
-60.4%
26.3%
Capex Intensity
ACHC
ACHC
DBX
DBX
Q4 25
11.3%
1.7%
Q3 25
16.0%
1.3%
Q2 25
19.3%
0.3%
Q1 25
22.7%
0.0%
Q4 24
26.3%
0.5%
Q3 24
23.3%
0.6%
Q2 24
19.4%
0.9%
Q1 24
18.5%
1.5%
Cash Conversion
ACHC
ACHC
DBX
DBX
Q4 25
2.17×
Q3 25
2.02×
2.44×
Q2 25
4.43×
2.07×
Q1 25
1.37×
1.02×
Q4 24
3.58×
2.08×
Q3 24
2.39×
2.57×
Q2 24
2.18×
2.09×
Q1 24
-4.21×
1.33×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

ACHC
ACHC

Acute Inpatient Psychiatric Facilities$451.2M55%
Comprehensive Treatment Centers$144.2M18%
Medicare$113.7M14%
Residential Treatment Centers$89.7M11%
Self Payor$16.1M2%
Other Payor$10.7M1%

DBX
DBX

US$355.3M56%
Non Us$280.9M44%

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