Dropbox vs Tyler Technologies
Dropbox reported revenue of $2.5 billion in fiscal 2025, about the same as Tyler Technologies' $2.3 billion in fiscal 2025. Dropbox's revenue fell 1.1% in its latest year, and Tyler Technologies' grew 9.1%. Dropbox had an operating margin of 27.3%, against 15.3% at Tyler Technologies. Free cash flow was $931 million at Dropbox and $638 million at Tyler Technologies.
Side by side
| Dropbox | Tyler Technologies | |
|---|---|---|
| Latest fiscal year | FY2025, Dec 31, 2025 | FY2025, Dec 31, 2025 |
| Revenue | $2.5B | $2.3B |
| Revenue growth | −1.1% | 9.1% |
| Revenue growth a year, last 5 years | 5.7% | 15.9% |
| Gross margin | 80.1% | 46.5% |
| Operating margin | 27.3% | 15.3% |
| Net margin | 20.2% | 13.5% |
| Free cash flow | $931M | $638M |
| Free cash flow margin | 36.9% | 27.3% |
| Return on capital | — | 9.0% |
| Net debt to EBITDA | 0.8x | −1.0x |
| Dividends and buybacks | $1.7B | $175M |
| Change in diluted share count | −15.7% | 0.7% |
| Last close | $37.73 | $386.38 |
| P/E at the last close | 21.0× | 51.2× |
| Insider trades, last 12 months | sold $45.6 million | bought $694,155, sold $10.7 million |
| Piotroski F-score | 5 of 9 | 6 of 9 |
Amounts in each company's own currency, US$ 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
DropboxTyler Technologies
Operating margin
Percent of revenue
DropboxTyler Technologies
Free cash flow
US$ billions. Cash from operations minus capital expenditure.
DropboxTyler Technologies
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 Tyler Technologies pages.