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

TORO CO is the larger business by last-quarter revenue ($1.1B vs $636.2M, roughly 1.8× DROPBOX, INC.). DROPBOX, INC. runs the higher net margin — 17.1% vs 4.7%, a 12.4% gap on every dollar of revenue. On growth, DROPBOX, INC. posted the faster year-over-year revenue change (-1.1% vs -2.2%). DROPBOX, INC. produced more free cash flow last quarter ($224.9M vs $207.2M). Over the past eight quarters, DROPBOX, INC.'s revenue compounded faster (0.4% CAGR vs -8.1%).

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.

The Toro Company is an American company based in the Minneapolis suburb of Bloomington, Minnesota, that designs, manufactures, and markets lawn mowers, snow blowers, and irrigation system supplies for commercial and residential, agricultural, and public sector uses.

DBX vs TTC — Head-to-Head

Bigger by revenue
TTC
TTC
1.8× larger
TTC
$1.1B
$636.2M
DBX
Growing faster (revenue YoY)
DBX
DBX
+1.1% gap
DBX
-1.1%
-2.2%
TTC
Higher net margin
DBX
DBX
12.4% more per $
DBX
17.1%
4.7%
TTC
More free cash flow
DBX
DBX
$17.7M more FCF
DBX
$224.9M
$207.2M
TTC
Faster 2-yr revenue CAGR
DBX
DBX
Annualised
DBX
0.4%
-8.1%
TTC

Income Statement — Q4 FY2025 vs Q3 FY2025

Metric
DBX
DBX
TTC
TTC
Revenue
$636.2M
$1.1B
Net Profit
$108.7M
$53.5M
Gross Margin
79.2%
33.7%
Operating Margin
25.5%
5.7%
Net Margin
17.1%
4.7%
Revenue YoY
-1.1%
-2.2%
Net Profit YoY
5.7%
-55.2%
EPS (diluted)
$0.43
$0.54

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
TTC
TTC
Q4 25
$636.2M
Q3 25
$634.4M
$1.1B
Q2 25
$625.7M
$1.3B
Q1 25
$624.7M
$995.0M
Q4 24
$643.6M
Q3 24
$638.8M
$1.2B
Q2 24
$634.5M
$1.3B
Q1 24
$631.3M
$1.0B
Net Profit
DBX
DBX
TTC
TTC
Q4 25
$108.7M
Q3 25
$123.8M
$53.5M
Q2 25
$125.6M
$136.8M
Q1 25
$150.3M
$52.8M
Q4 24
$102.8M
Q3 24
$106.7M
$119.3M
Q2 24
$110.5M
$144.8M
Q1 24
$132.3M
$64.9M
Gross Margin
DBX
DBX
TTC
TTC
Q4 25
79.2%
Q3 25
79.8%
33.7%
Q2 25
80.2%
33.1%
Q1 25
81.3%
33.7%
Q4 24
81.2%
Q3 24
82.5%
34.8%
Q2 24
83.1%
33.6%
Q1 24
83.2%
34.4%
Operating Margin
DBX
DBX
TTC
TTC
Q4 25
25.5%
Q3 25
27.5%
5.7%
Q2 25
26.9%
13.3%
Q1 25
29.4%
7.8%
Q4 24
13.7%
Q3 24
20.0%
12.8%
Q2 24
20.0%
13.9%
Q1 24
22.7%
8.8%
Net Margin
DBX
DBX
TTC
TTC
Q4 25
17.1%
Q3 25
19.5%
4.7%
Q2 25
20.1%
10.4%
Q1 25
24.1%
5.3%
Q4 24
16.0%
Q3 24
16.7%
10.3%
Q2 24
17.4%
10.7%
Q1 24
21.0%
6.5%
EPS (diluted)
DBX
DBX
TTC
TTC
Q4 25
$0.43
Q3 25
$0.47
$0.54
Q2 25
$0.45
$1.37
Q1 25
$0.51
$0.52
Q4 24
$0.33
Q3 24
$0.34
$1.14
Q2 24
$0.34
$1.38
Q1 24
$0.39
$0.62

Balance Sheet & Financial Strength

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

Metric
DBX
DBX
TTC
TTC
Cash + ST InvestmentsLiquidity on hand
$891.3M
Total DebtLower is stronger
$1.0B
Stockholders' EquityBook value
$-1.8B
$1.4B
Total Assets
$2.8B
$3.5B
Debt / EquityLower = less leverage
0.73×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
DBX
DBX
TTC
TTC
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
Q1 24
$548.9M
Total Debt
DBX
DBX
TTC
TTC
Q4 25
Q3 25
$1.0B
Q2 25
$1.1B
Q1 25
$1.1B
Q4 24
Q3 24
$991.9M
Q2 24
$1.0B
Q1 24
$1.2B
Stockholders' Equity
DBX
DBX
TTC
TTC
Q4 25
$-1.8B
Q3 25
$-1.5B
$1.4B
Q2 25
$-1.3B
$1.5B
Q1 25
$-1.1B
$1.5B
Q4 24
$-752.4M
Q3 24
$-546.1M
$1.6B
Q2 24
$-371.3M
$1.7B
Q1 24
$-277.2M
$1.5B
Total Assets
DBX
DBX
TTC
TTC
Q4 25
$2.8B
Q3 25
$2.8B
$3.5B
Q2 25
$2.8B
$3.8B
Q1 25
$3.0B
$3.7B
Q4 24
$3.3B
Q3 24
$2.6B
$3.7B
Q2 24
$2.7B
$3.9B
Q1 24
$2.8B
$3.8B
Debt / Equity
DBX
DBX
TTC
TTC
Q4 25
Q3 25
0.73×
Q2 25
0.74×
Q1 25
0.75×
Q4 24
Q3 24
0.61×
Q2 24
0.62×
Q1 24
0.77×

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
TTC
TTC
Operating Cash FlowLast quarter
$235.4M
$225.8M
Free Cash FlowOCF − Capex
$224.9M
$207.2M
FCF MarginFCF / Revenue
35.4%
18.3%
Capex IntensityCapex / Revenue
1.7%
1.6%
Cash ConversionOCF / Net Profit
2.17×
4.22×
TTM Free Cash FlowTrailing 4 quarters
$930.8M
$462.5M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
DBX
DBX
TTC
TTC
Q4 25
$235.4M
Q3 25
$302.1M
$225.8M
Q2 25
$260.5M
$171.7M
Q1 25
$153.8M
$-48.6M
Q4 24
$213.8M
Q3 24
$274.2M
$194.7M
Q2 24
$230.6M
$227.3M
Q1 24
$175.5M
$-92.2M
Free Cash Flow
DBX
DBX
TTC
TTC
Q4 25
$224.9M
Q3 25
$293.7M
$207.2M
Q2 25
$258.5M
$152.4M
Q1 25
$153.7M
$-67.7M
Q4 24
$210.5M
Q3 24
$270.1M
$170.6M
Q2 24
$224.7M
$206.9M
Q1 24
$166.3M
$-111.3M
FCF Margin
DBX
DBX
TTC
TTC
Q4 25
35.4%
Q3 25
46.3%
18.3%
Q2 25
41.3%
11.6%
Q1 25
24.6%
-6.8%
Q4 24
32.7%
Q3 24
42.3%
14.7%
Q2 24
35.4%
15.3%
Q1 24
26.3%
-11.1%
Capex Intensity
DBX
DBX
TTC
TTC
Q4 25
1.7%
Q3 25
1.3%
1.6%
Q2 25
0.3%
1.5%
Q1 25
0.0%
1.9%
Q4 24
0.5%
Q3 24
0.6%
2.1%
Q2 24
0.9%
1.5%
Q1 24
1.5%
1.9%
Cash Conversion
DBX
DBX
TTC
TTC
Q4 25
2.17×
Q3 25
2.44×
4.22×
Q2 25
2.07×
1.26×
Q1 25
1.02×
-0.92×
Q4 24
2.08×
Q3 24
2.57×
1.63×
Q2 24
2.09×
1.57×
Q1 24
1.33×
-1.42×

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%

TTC
TTC

Equipment Products And Services$815.7M72%
Residential Segment$192.8M17%
Irrigation$115.1M10%

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