The Filing Desk

Dropbox vs MongoDB

Dropbox DBX · MongoDB MDB · Application Software

Dropbox reported revenue of $2.5 billion in fiscal 2025, about the same as MongoDB's $2.5 billion in fiscal 2026. Dropbox's revenue fell 1.1% in its latest year, and MongoDB's grew 22.8%. Dropbox had an operating margin of 27.3%, against -5.6% at MongoDB. Free cash flow was $931 million at Dropbox and $500 million at MongoDB. Their fiscal years end in different months (December 31 and January 31), so the periods don't line up exactly.

Side by side

DropboxMongoDB
Latest fiscal yearFY2025, Dec 31, 2025FY2026, Jan 31, 2026
Revenue$2.5B$2.5B
Revenue growth−1.1%22.8%
Revenue growth a year, last 5 years5.7%33.1%
Gross margin80.1%71.8%
Operating margin27.3%−5.6%
Net margin20.2%−2.9%
Free cash flow$931M$500M
Free cash flow margin36.9%20.3%
Return on capital—−20.1%
Net debt to EBITDA0.8x—
Dividends and buybacks$1.7B$400M
Change in diluted share count−15.7%9.0%
Last close$37.73$389.11
P/E at the last close21.0×—
Insider trades, last 12 monthssold $45.6 millionsold $110.0 million
Piotroski F-score5 of 94 of 9
Amounts in each company's own currency, US$ unless marked (a foreign company may report in another), each company's latest fiscal year from its 10-K, or 20-F or 40-F for a foreign company. Growth rates compare with the year before; the five-year rate is the average a year. Free cash flow is cash from operations minus capital spending; return on capital is after-tax operating income over the money invested in the business; P/E is the last close over the latest earnings per share. Banks are measured differently (return on equity, efficiency ratio), so some rows apply to one company only.

Ten years

Revenue
US$ billions, fiscal years
DropboxMongoDB
Operating margin
Percent of revenue
DropboxMongoDB
Free cash flow
US$ billions. Cash from operations minus capital expenditure.
DropboxMongoDB

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Source: the companies' Form 10-K filings, from SEC EDGAR, and the last close. For information only, not investment advice: the figures describe results, not which company is the better investment. The Filing Desk is not affiliated with either company. Full figures on the Dropbox and MongoDB pages.