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DROPBOX, INC.（DBX）与Essex Property Trust（ESS）财务数据对比。点击上方公司名可切换其他公司
DROPBOX, INC.的季度营收约是Essex Property Trust的1.3倍（$636.2M vs $479.6M），Essex Property Trust净利率更高（17.9% vs 17.1%，领先0.8%），Essex Property Trust同比增速更快（5.5% vs -1.1%），过去两年Essex Property Trust的营收复合增速更高（6.0% vs 0.4%）
Dropbox是总部位于美国加利福尼亚州旧金山的云服务企业，2007年由麻省理工学院学生德鲁·休斯顿与阿拉什·费尔多西创立，初创阶段获得创业孵化器Y Combinator的种子投资，核心业务包含云存储、文件同步、个人云及配套客户端软件等服务。
Essex Property Trust是一家公开上市的房地产投资信托企业，重点布局美国西海岸优质不动产市场，核心投资标的为加利福尼亚州及西雅图大都会区的公寓类物业，在长租公寓的投资、运营及管理领域拥有深厚的行业积累与资源优势。
DBX vs ESS — 直观对比
营收规模更大
DBX
是对方的1.3倍
$479.6M
营收增速更快
ESS
高出6.7%
-1.1%
净利率更高
ESS
高出0.8%
17.1%
两年增速更快
ESS
近两年复合增速
0.4%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $636.2M | $479.6M |
| 净利润 | $108.7M | $85.7M |
| 毛利率 | 79.2% | 70.0% |
| 营业利润率 | 25.5% | 31.7% |
| 净利率 | 17.1% | 17.9% |
| 营收同比 | -1.1% | 5.5% |
| 净利润同比 | 5.7% | -71.6% |
| 每股收益（稀释后） | $0.43 | $1.24 |
绿色 = 该指标领先。财年不对齐时期间可能不同
8季度营收与利润趋势
并排季度历史对比，按日历期对齐，财年错位的公司也能正确匹配
营收DBXESS
| Q4 25 | $636.2M | $479.6M | ||
| Q3 25 | $634.4M | $473.3M | ||
| Q2 25 | $625.7M | $469.8M | ||
| Q1 25 | $624.7M | $464.6M | ||
| Q4 24 | $643.6M | $454.5M | ||
| Q3 24 | $638.8M | $450.7M | ||
| Q2 24 | $634.5M | $442.4M | ||
| Q1 24 | $631.3M | $426.9M |
净利润DBXESS
| Q4 25 | $108.7M | $85.7M | ||
| Q3 25 | $123.8M | $172.7M | ||
| Q2 25 | $125.6M | $231.5M | ||
| Q1 25 | $150.3M | $212.8M | ||
| Q4 24 | $102.8M | $301.7M | ||
| Q3 24 | $106.7M | $125.5M | ||
| Q2 24 | $110.5M | $99.0M | ||
| Q1 24 | $132.3M | $285.1M |
毛利率DBXESS
| Q4 25 | 79.2% | 70.0% | ||
| Q3 25 | 79.8% | 69.2% | ||
| Q2 25 | 80.2% | 70.7% | ||
| Q1 25 | 81.3% | 69.6% | ||
| Q4 24 | 81.2% | 70.0% | ||
| Q3 24 | 82.5% | 69.5% | ||
| Q2 24 | 83.1% | 70.8% | ||
| Q1 24 | 83.2% | 69.7% |
营业利润率DBXESS
| Q4 25 | 25.5% | 31.7% | ||
| Q3 25 | 27.5% | 44.5% | ||
| Q2 25 | 26.9% | 59.5% | ||
| Q1 25 | 29.4% | 55.3% | ||
| Q4 24 | 13.7% | 67.0% | ||
| Q3 24 | 20.0% | 28.6% | ||
| Q2 24 | 20.0% | 31.1% | ||
| Q1 24 | 22.7% | 31.0% |
净利率DBXESS
| Q4 25 | 17.1% | 17.9% | ||
| Q3 25 | 19.5% | 36.5% | ||
| Q2 25 | 20.1% | 49.3% | ||
| Q1 25 | 24.1% | 45.8% | ||
| Q4 24 | 16.0% | 66.4% | ||
| Q3 24 | 16.7% | 27.8% | ||
| Q2 24 | 17.4% | 22.4% | ||
| Q1 24 | 21.0% | 66.8% |
每股收益（稀释后）DBXESS
| Q4 25 | $0.43 | $1.24 | ||
| Q3 25 | $0.47 | $2.56 | ||
| Q2 25 | $0.45 | $3.44 | ||
| Q1 25 | $0.51 | $3.16 | ||
| Q4 24 | $0.33 | $4.00 | ||
| Q3 24 | $0.34 | $1.84 | ||
| Q2 24 | $0.34 | $1.45 | ||
| Q1 24 | $0.39 | $4.25 |
资产负债表与财务实力
最新季度各公司的流动性、杠杆与账面价值一览
| 指标 | | |
|---|---|---|
| 现金及短期投资手头流动性 | $891.3M | $76.2M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $-1.8B | $5.5B |
| 总资产 | $2.8B | $13.2B |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
现金及短期投资DBXESS
| Q4 25 | $891.3M | $76.2M | ||
| Q3 25 | $730.7M | $66.0M | ||
| Q2 25 | $736.3M | $58.7M | ||
| Q1 25 | $942.2M | $98.7M | ||
| Q4 24 | $1.3B | $66.8M | ||
| Q3 24 | $517.6M | $71.3M | ||
| Q2 24 | $515.1M | $55.2M | ||
| Q1 24 | $548.9M | $499.0M |
总债务DBXESS
| Q4 25 | — | — | ||
| Q3 25 | — | $6.4B | ||
| Q2 25 | — | $6.4B | ||
| Q1 25 | — | $6.8B | ||
| Q4 24 | — | — | ||
| Q3 24 | — | $6.4B | ||
| Q2 24 | — | $6.2B | ||
| Q1 24 | — | $6.6B |
股东权益DBXESS
| Q4 25 | $-1.8B | $5.5B | ||
| Q3 25 | $-1.5B | $5.6B | ||
| Q2 25 | $-1.3B | $5.6B | ||
| Q1 25 | $-1.1B | $5.6B | ||
| Q4 24 | $-752.4M | $5.5B | ||
| Q3 24 | $-546.1M | $5.4B | ||
| Q2 24 | $-371.3M | $5.5B | ||
| Q1 24 | $-277.2M | $5.5B |
总资产DBXESS
| Q4 25 | $2.8B | $13.2B | ||
| Q3 25 | $2.8B | $13.2B | ||
| Q2 25 | $2.8B | $13.2B | ||
| Q1 25 | $3.0B | $13.2B | ||
| Q4 24 | $3.3B | $12.9B | ||
| Q3 24 | $2.6B | $12.6B | ||
| Q2 24 | $2.7B | $12.5B | ||
| Q1 24 | $2.8B | $12.9B |
负债/权益比DBXESS
| Q4 25 | — | — | ||
| Q3 25 | — | 1.15× | ||
| Q2 25 | — | 1.14× | ||
| Q1 25 | — | 1.22× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 1.18× | ||
| Q2 24 | — | 1.13× | ||
| Q1 24 | — | 1.19× |
现金流与资本效率
扣除再投资后实际产生的现金。现金流比净利润更难造假
| 指标 | | |
|---|---|---|
| 经营现金流最新季度 | $235.4M | $1.1B |
| 自由现金流经营现金流 - 资本支出 | $224.9M | — |
| 自由现金流率自由现金流/营收 | 35.4% | — |
| 资本支出强度资本支出/营收 | 1.7% | — |
| 现金转化率经营现金流/净利润 | 2.17× | 12.53× |
| 过去12个月自由现金流最近4个季度 | $930.8M | — |
8季度趋势，按日历期对齐
经营现金流DBXESS
| Q4 25 | $235.4M | $1.1B | ||
| Q3 25 | $302.1M | $342.6M | ||
| Q2 25 | $260.5M | $216.1M | ||
| Q1 25 | $153.8M | $281.5M | ||
| Q4 24 | $213.8M | $1.1B | ||
| Q3 24 | $274.2M | $316.2M | ||
| Q2 24 | $230.6M | $218.9M | ||
| Q1 24 | $175.5M | $314.9M |
自由现金流DBXESS
| Q4 25 | $224.9M | — | ||
| Q3 25 | $293.7M | — | ||
| Q2 25 | $258.5M | — | ||
| Q1 25 | $153.7M | — | ||
| Q4 24 | $210.5M | — | ||
| Q3 24 | $270.1M | — | ||
| Q2 24 | $224.7M | — | ||
| Q1 24 | $166.3M | — |
自由现金流率DBXESS
| Q4 25 | 35.4% | — | ||
| Q3 25 | 46.3% | — | ||
| Q2 25 | 41.3% | — | ||
| Q1 25 | 24.6% | — | ||
| Q4 24 | 32.7% | — | ||
| Q3 24 | 42.3% | — | ||
| Q2 24 | 35.4% | — | ||
| Q1 24 | 26.3% | — |
资本支出强度DBXESS
| Q4 25 | 1.7% | — | ||
| Q3 25 | 1.3% | — | ||
| Q2 25 | 0.3% | — | ||
| Q1 25 | 0.0% | — | ||
| Q4 24 | 0.5% | — | ||
| Q3 24 | 0.6% | — | ||
| Q2 24 | 0.9% | — | ||
| Q1 24 | 1.5% | — |
现金转化率DBXESS
| Q4 25 | 2.17× | 12.53× | ||
| Q3 25 | 2.44× | 1.98× | ||
| Q2 25 | 2.07× | 0.93× | ||
| Q1 25 | 1.02× | 1.32× | ||
| Q4 24 | 2.08× | 3.54× | ||
| Q3 24 | 2.57× | 2.52× | ||
| Q2 24 | 2.09× | 2.21× | ||
| Q1 24 | 1.33× | 1.10× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
业务分部营收拆解
DBX
| US | $355.3M | 56% |
| Non Us | $280.9M | 44% |
ESS
暂无分部数据
