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Side-by-side financial comparison of DROPBOX, INC. (DBX) and Pentair (PNR). Click either name above to swap in a different company.

Pentair is the larger business by last-quarter revenue ($1.0B vs $636.2M, roughly 1.6× DROPBOX, INC.). DROPBOX, INC. runs the higher net margin — 17.1% vs 16.6%, a 0.5% gap on every dollar of revenue. On growth, Pentair posted the faster year-over-year revenue change (2.6% vs -1.1%). DROPBOX, INC. produced more free cash flow last quarter ($224.9M vs $-85.7M). Over the past eight quarters, DROPBOX, INC.'s revenue compounded faster (0.4% CAGR vs -2.9%).

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.

Pentair plc (PNR) is an American water treatment company incorporated in Ireland with tax residency in UK, with its main U.S. office in Golden Valley, Minnesota. Pentair was founded in the US, with 65% of company's revenue coming from the US and Canada as of 2017. PNR was reorganized in 2014, shifting the corporate domicile from Switzerland to Ireland.

DBX vs PNR — Head-to-Head

Bigger by revenue
PNR
PNR
1.6× larger
PNR
$1.0B
$636.2M
DBX
Growing faster (revenue YoY)
PNR
PNR
+3.8% gap
PNR
2.6%
-1.1%
DBX
Higher net margin
DBX
DBX
0.5% more per $
DBX
17.1%
16.6%
PNR
More free cash flow
DBX
DBX
$310.6M more FCF
DBX
$224.9M
$-85.7M
PNR
Faster 2-yr revenue CAGR
DBX
DBX
Annualised
DBX
0.4%
-2.9%
PNR

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
DBX
DBX
PNR
PNR
Revenue
$636.2M
$1.0B
Net Profit
$108.7M
$172.4M
Gross Margin
79.2%
41.8%
Operating Margin
25.5%
20.3%
Net Margin
17.1%
16.6%
Revenue YoY
-1.1%
2.6%
Net Profit YoY
5.7%
11.3%
EPS (diluted)
$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
DBX
DBX
PNR
PNR
Q1 26
$1.0B
Q4 25
$636.2M
$1.0B
Q3 25
$634.4M
$1.0B
Q2 25
$625.7M
$1.1B
Q1 25
$624.7M
$1.0B
Q4 24
$643.6M
$972.9M
Q3 24
$638.8M
$993.4M
Q2 24
$634.5M
$1.1B
Net Profit
DBX
DBX
PNR
PNR
Q1 26
$172.4M
Q4 25
$108.7M
$166.1M
Q3 25
$123.8M
$184.3M
Q2 25
$125.6M
$148.5M
Q1 25
$150.3M
$154.9M
Q4 24
$102.8M
$166.4M
Q3 24
$106.7M
$139.6M
Q2 24
$110.5M
$186.1M
Gross Margin
DBX
DBX
PNR
PNR
Q1 26
41.8%
Q4 25
79.2%
40.4%
Q3 25
79.8%
41.0%
Q2 25
80.2%
40.7%
Q1 25
81.3%
39.9%
Q4 24
81.2%
38.8%
Q3 24
82.5%
39.6%
Q2 24
83.1%
39.8%
Operating Margin
DBX
DBX
PNR
PNR
Q1 26
20.3%
Q4 25
25.5%
20.1%
Q3 25
27.5%
22.7%
Q2 25
26.9%
19.4%
Q1 25
29.4%
20.1%
Q4 24
13.7%
20.1%
Q3 24
20.0%
18.1%
Q2 24
20.0%
22.6%
Net Margin
DBX
DBX
PNR
PNR
Q1 26
16.6%
Q4 25
17.1%
16.3%
Q3 25
19.5%
18.0%
Q2 25
20.1%
13.2%
Q1 25
24.1%
15.3%
Q4 24
16.0%
17.1%
Q3 24
16.7%
14.1%
Q2 24
17.4%
16.9%
EPS (diluted)
DBX
DBX
PNR
PNR
Q1 26
Q4 25
$0.43
$1.01
Q3 25
$0.47
$1.12
Q2 25
$0.45
$0.90
Q1 25
$0.51
$0.93
Q4 24
$0.33
$0.99
Q3 24
$0.34
$0.84
Q2 24
$0.34
$1.11

Balance Sheet & Financial Strength

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

Metric
DBX
DBX
PNR
PNR
Cash + ST InvestmentsLiquidity on hand
$891.3M
$67.7M
Total DebtLower is stronger
$1.9B
Stockholders' EquityBook value
$-1.8B
$3.8B
Total Assets
$2.8B
$7.1B
Debt / EquityLower = less leverage
0.51×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
DBX
DBX
PNR
PNR
Q1 26
$67.7M
Q4 25
$891.3M
Q3 25
$730.7M
$128.4M
Q2 25
$736.3M
$143.0M
Q1 25
$942.2M
$140.6M
Q4 24
$1.3B
$118.7M
Q3 24
$517.6M
$218.1M
Q2 24
$515.1M
$214.3M
Total Debt
DBX
DBX
PNR
PNR
Q1 26
$1.9B
Q4 25
$1.6B
Q3 25
$1.6B
Q2 25
$1.4B
Q1 25
$1.8B
Q4 24
$1.6B
Q3 24
Q2 24
$1.8B
Stockholders' Equity
DBX
DBX
PNR
PNR
Q1 26
$3.8B
Q4 25
$-1.8B
$3.9B
Q3 25
$-1.5B
$3.8B
Q2 25
$-1.3B
$3.7B
Q1 25
$-1.1B
$3.6B
Q4 24
$-752.4M
$3.6B
Q3 24
$-546.1M
$3.5B
Q2 24
$-371.3M
$3.4B
Total Assets
DBX
DBX
PNR
PNR
Q1 26
$7.1B
Q4 25
$2.8B
$6.9B
Q3 25
$2.8B
$6.8B
Q2 25
$2.8B
$6.5B
Q1 25
$3.0B
$6.7B
Q4 24
$3.3B
$6.4B
Q3 24
$2.6B
$6.5B
Q2 24
$2.7B
$6.5B
Debt / Equity
DBX
DBX
PNR
PNR
Q1 26
0.51×
Q4 25
0.42×
Q3 25
0.42×
Q2 25
0.38×
Q1 25
0.51×
Q4 24
0.46×
Q3 24
Q2 24
0.51×

Cash Flow & Capital Efficiency

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

Metric
DBX
DBX
PNR
PNR
Operating Cash FlowLast quarter
$235.4M
Free Cash FlowOCF − Capex
$224.9M
$-85.7M
FCF MarginFCF / Revenue
35.4%
-8.3%
Capex IntensityCapex / Revenue
1.7%
1.8%
Cash ConversionOCF / Net Profit
2.17×
TTM Free Cash FlowTrailing 4 quarters
$930.8M
$716.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
DBX
DBX
PNR
PNR
Q1 26
Q4 25
$235.4M
$50.8M
Q3 25
$302.1M
$196.3M
Q2 25
$260.5M
$606.6M
Q1 25
$153.8M
$-38.9M
Q4 24
$213.8M
$86.5M
Q3 24
$274.2M
$248.6M
Q2 24
$230.6M
$539.2M
Free Cash Flow
DBX
DBX
PNR
PNR
Q1 26
$-85.7M
Q4 25
$224.9M
$27.1M
Q3 25
$293.7M
$178.9M
Q2 25
$258.5M
$595.7M
Q1 25
$153.7M
$-55.7M
Q4 24
$210.5M
$63.8M
Q3 24
$270.1M
$233.2M
Q2 24
$224.7M
$522.2M
FCF Margin
DBX
DBX
PNR
PNR
Q1 26
-8.3%
Q4 25
35.4%
2.7%
Q3 25
46.3%
17.5%
Q2 25
41.3%
53.0%
Q1 25
24.6%
-5.5%
Q4 24
32.7%
6.6%
Q3 24
42.3%
23.5%
Q2 24
35.4%
47.5%
Capex Intensity
DBX
DBX
PNR
PNR
Q1 26
1.8%
Q4 25
1.7%
2.3%
Q3 25
1.3%
1.7%
Q2 25
0.3%
1.0%
Q1 25
0.0%
1.7%
Q4 24
0.5%
2.3%
Q3 24
0.6%
1.6%
Q2 24
0.9%
1.5%
Cash Conversion
DBX
DBX
PNR
PNR
Q1 26
Q4 25
2.17×
0.31×
Q3 25
2.44×
1.07×
Q2 25
2.07×
4.08×
Q1 25
1.02×
-0.25×
Q4 24
2.08×
0.52×
Q3 24
2.57×
1.78×
Q2 24
2.09×
2.90×

Financial Flow Comparison

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

Revenue Breakdown by Segment

DBX
DBX

US$355.3M56%
Non Us$280.9M44%

PNR
PNR

Water Solutions$391.0M38%
Pool$387.1M37%
Flow$258.1M25%

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