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

SouthState Bank Corp is the larger business by last-quarter revenue ($661.7M vs $636.2M, roughly 1.0× DROPBOX, INC.). SouthState Bank Corp runs the higher net margin — 34.1% vs 17.1%, a 17.0% gap on every dollar of revenue. Over the past eight quarters, SouthState Bank Corp's revenue compounded faster (37.4% CAGR vs 0.4%).

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.

SouthState Bank, based in Winter Haven, Florida, is an American bank and a subsidiary of SouthState Corporation, a bank holding company. As of May 26, 2025, the company had 371 branches in South Carolina, North Carolina, Georgia, Florida, Alabama, Virginia, Colorado and Texas.

DBX vs SSB — Head-to-Head

Bigger by revenue
SSB
SSB
1.0× larger
SSB
$661.7M
$636.2M
DBX
Higher net margin
SSB
SSB
17.0% more per $
SSB
34.1%
17.1%
DBX
Faster 2-yr revenue CAGR
SSB
SSB
Annualised
SSB
37.4%
0.4%
DBX

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
DBX
DBX
SSB
SSB
Revenue
$636.2M
$661.7M
Net Profit
$108.7M
$225.8M
Gross Margin
79.2%
Operating Margin
25.5%
15.1%
Net Margin
17.1%
34.1%
Revenue YoY
-1.1%
Net Profit YoY
5.7%
153.5%
EPS (diluted)
$0.43
$2.28

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
SSB
SSB
Q1 26
$661.7M
Q4 25
$636.2M
$581.1M
Q3 25
$634.4M
$599.7M
Q2 25
$625.7M
$577.9M
Q1 25
$624.7M
$544.5M
Q4 24
$643.6M
$369.8M
Q3 24
$638.8M
$351.5M
Q2 24
$634.5M
$350.3M
Net Profit
DBX
DBX
SSB
SSB
Q1 26
$225.8M
Q4 25
$108.7M
$247.7M
Q3 25
$123.8M
$246.6M
Q2 25
$125.6M
$215.2M
Q1 25
$150.3M
$89.1M
Q4 24
$102.8M
$144.2M
Q3 24
$106.7M
$143.2M
Q2 24
$110.5M
$132.4M
Gross Margin
DBX
DBX
SSB
SSB
Q1 26
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%
Operating Margin
DBX
DBX
SSB
SSB
Q1 26
15.1%
Q4 25
25.5%
54.3%
Q3 25
27.5%
53.6%
Q2 25
26.9%
48.8%
Q1 25
29.4%
22.3%
Q4 24
13.7%
50.7%
Q3 24
20.0%
53.1%
Q2 24
20.0%
49.3%
Net Margin
DBX
DBX
SSB
SSB
Q1 26
34.1%
Q4 25
17.1%
42.6%
Q3 25
19.5%
41.1%
Q2 25
20.1%
37.2%
Q1 25
24.1%
16.4%
Q4 24
16.0%
39.0%
Q3 24
16.7%
40.7%
Q2 24
17.4%
37.8%
EPS (diluted)
DBX
DBX
SSB
SSB
Q1 26
$2.28
Q4 25
$0.43
$2.47
Q3 25
$0.47
$2.42
Q2 25
$0.45
$2.11
Q1 25
$0.51
$0.87
Q4 24
$0.33
$1.88
Q3 24
$0.34
$1.86
Q2 24
$0.34
$1.73

Balance Sheet & Financial Strength

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

Metric
DBX
DBX
SSB
SSB
Cash + ST InvestmentsLiquidity on hand
$891.3M
$2.9B
Total DebtLower is stronger
Stockholders' EquityBook value
$-1.8B
$9.0B
Total Assets
$2.8B
$68.0B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
DBX
DBX
SSB
SSB
Q1 26
$2.9B
Q4 25
$891.3M
Q3 25
$730.7M
Q2 25
$736.3M
Q1 25
$942.2M
Q4 24
$1.3B
Q3 24
$517.6M
Q2 24
$515.1M
Stockholders' Equity
DBX
DBX
SSB
SSB
Q1 26
$9.0B
Q4 25
$-1.8B
$9.1B
Q3 25
$-1.5B
$9.0B
Q2 25
$-1.3B
$8.8B
Q1 25
$-1.1B
$8.6B
Q4 24
$-752.4M
$5.9B
Q3 24
$-546.1M
$5.9B
Q2 24
$-371.3M
$5.7B
Total Assets
DBX
DBX
SSB
SSB
Q1 26
$68.0B
Q4 25
$2.8B
$67.2B
Q3 25
$2.8B
$66.0B
Q2 25
$2.8B
$65.9B
Q1 25
$3.0B
$65.1B
Q4 24
$3.3B
$46.4B
Q3 24
$2.6B
$46.1B
Q2 24
$2.7B
$45.5B

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
SSB
SSB
Operating Cash FlowLast quarter
$235.4M
Free Cash FlowOCF − Capex
$224.9M
FCF MarginFCF / Revenue
35.4%
Capex IntensityCapex / Revenue
1.7%
Cash ConversionOCF / Net Profit
2.17×
TTM Free Cash FlowTrailing 4 quarters
$930.8M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
DBX
DBX
SSB
SSB
Q1 26
Q4 25
$235.4M
$232.1M
Q3 25
$302.1M
$122.4M
Q2 25
$260.5M
$72.6M
Q1 25
$153.8M
$-126.3M
Q4 24
$213.8M
$354.3M
Q3 24
$274.2M
$-246.8M
Q2 24
$230.6M
$126.8M
Free Cash Flow
DBX
DBX
SSB
SSB
Q1 26
Q4 25
$224.9M
$215.5M
Q3 25
$293.7M
$101.7M
Q2 25
$258.5M
$52.5M
Q1 25
$153.7M
$-139.1M
Q4 24
$210.5M
$340.9M
Q3 24
$270.1M
$-254.2M
Q2 24
$224.7M
$117.3M
FCF Margin
DBX
DBX
SSB
SSB
Q1 26
Q4 25
35.4%
37.1%
Q3 25
46.3%
17.0%
Q2 25
41.3%
9.1%
Q1 25
24.6%
-25.5%
Q4 24
32.7%
92.2%
Q3 24
42.3%
-72.3%
Q2 24
35.4%
33.5%
Capex Intensity
DBX
DBX
SSB
SSB
Q1 26
Q4 25
1.7%
2.9%
Q3 25
1.3%
3.5%
Q2 25
0.3%
3.5%
Q1 25
0.0%
2.4%
Q4 24
0.5%
3.6%
Q3 24
0.6%
2.1%
Q2 24
0.9%
2.7%
Cash Conversion
DBX
DBX
SSB
SSB
Q1 26
Q4 25
2.17×
0.94×
Q3 25
2.44×
0.50×
Q2 25
2.07×
0.34×
Q1 25
1.02×
-1.42×
Q4 24
2.08×
2.46×
Q3 24
2.57×
-1.72×
Q2 24
2.09×
0.96×

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%

SSB
SSB

Net Interest Income$561.6M85%
Noninterest Income$100.1M15%

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