Flagship explainer

What drives Dropbox, Inc.’s return on equity?

ROE is five filed business factors multiplied together.

DuPont return on equity factor treeReturn on equity branches into tax burden, interest burden, operating margin, asset turnover, and the equity multiplier.Return on equity−40%Tax burden82%net income ÷ pretax incomeInterest burden90%pretax ÷ operating incomeOperating margin27%operating income ÷ revenueAsset turnover0.82×revenue ÷ average assetsEquity multiplier-2.42×average assets ÷ average equityAs of 2025-12-31 · 2 SEC filing sourcesBuy Like Buffett · buylikebuffett.com
DuPont source inputs
InputValueFiscal yearSource
$508MFY2025
Income before tax$618MFY2025
Operating income$689MFY2025
$2.5BFY2025
Ending assets$2.8BFY2025
Beginning assets$3.3BFY2024
−$1.8BFY2025
−$752MFY2024
Source: · event Dec 31, 2025 · retrieved Jul 26, 2026 · annual-row source set
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