BOX
Box, Inc.
BOX has lower modeled downside risk, despite its lower overall score.
SNDK
Sandisk Corporation
SNDK has the edge over BOX overall, supported by stronger modeled upside and stronger fundamentals.
BOX Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Stable | |
| Strong | |
| Healthy |
BOX's revenue, cash flow and balance sheet are currently healthy, and its profitability is stable.
SNDK Fundamentals
| Metric | Status |
|---|---|
| Strong | |
| Strong | |
| Strong | |
| Strong |
SNDK's revenue, profitability, cash flow and balance sheet are all currently strong.
BOX PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 25x | $17.07 | -61% |
| Forward | 26x | $43.63 | — |
| Fair | 41x | $28.20 | -35% |
| Current | 64x | $43.63 | — |
| Expensive | 127x | $86.28 | +98% |
Historical ranges are pointers, not guarantees.
BOX's PE is in its expensive range at 64x. If earnings grow as analysts expect, today's price would be 26x next year's earnings, in its cheap range.
SNDK PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Forward | 3.8x | $937 | — |
| Current | 7.5x | $937 | — |
| Cheap | 17x | $2,173 | +132% |
| Fair | 24x | $3,048 | +225% |
| Expensive | 59x | $7,452 | +695% |
Historical ranges are pointers, not guarantees.
SNDK has the edge over BOX in the historical PE scenario, which offers more potential upside but is not a forecast.
BOX Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Growth | |
| Growth | |
| Improving | |
| Limited | |
| High |
Analysts expect earnings and revenue growth for BOX, with profitability improving.
SNDK Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Strong growth | |
| Strong growth | |
| Strongly improving | |
| Moderate | |
| High |
Analysts expect strong earnings and revenue growth for SNDK, with profitability improving.
BOX Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $1.67 | +146% |
| Q3 2026 | $0.68 | -46% |
| Q2 2026 | $0.64 | -51% |
| Q1 2026 | $0.58 | -57% |
| Q4 2025 | $1.25 | +56% |
| Q3 2025 | $1.25 | +58% |
| Q2 2025 | $1.30 | +78% |
| Q1 2025 | $1.36 | +103% |
| Q4 2024 | $0.80 | +281% |
BOX's earnings per share have fallen from their peak: $0.68 over the past year, against $1.36 in early 2025.
SNDK Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $247.30 | +97% |
| Q3 2026 | $125.61 | +$137.63 |
| Q2 2026 | $73.76 | +$85.07 |
| Q2 2025 | -$11.31 | -$6.65 |
SNDK has the edge over BOX in the latest year-over-year earnings comparison.
BOX Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $321.1M | +9.2% |
| Q2 2026 | $305.9M | +11% |
| Q1 2026 | $305.9M | +9.4% |
| Q4 2025 | $301.1M | +9.1% |
| Q3 2025 | $294M | +8.9% |
| Q2 2025 | $276.3M | +4.4% |
| Q1 2025 | $279.5M | +6.3% |
| Q4 2024 | $275.9M | +5.5% |
BOX's revenue has grown year over year every quarter since late 2020: $321M last quarter, up 9.2% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 10% | +3.2 points |
| Q2 2026 | 9% | +6.7 points |
| Q1 2026 | 10% | +3.8 points |
| Q4 2025 | 8.3% | -0.2 points |
| Q3 2025 | 7% | -0.5 points |
| Q2 2025 | 2.3% | -4.5 points |
| Q1 2025 | 6.4% | -1.6 points |
| Q4 2024 | 8.5% | +4.1 points |
BOX's operating margin was 10% last quarter, up 3.2 points from the same quarter a year ago, near the top of its range since 2019.
SNDK Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $11B | +378% |
| Q2 2026 | $9B | +372% |
| Q1 2026 | $6B | +251% |
| Q4 2025 | $3B | +61% |
| Q3 2025 | $2.3B | +23% |
| Q2 2025 | $1.9B | +8% |
| Q1 2025 | $1.7B | -0.6% |
| Q4 2024 | $1.9B | +13% |
SNDK's revenue has grown year over year for six quarters in a row: $11B last quarter, up 378% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 80% | +72 points |
| Q2 2026 | 78% | +78 points |
| Q1 2026 | 69% | +180 points |
| Q4 2025 | 35% | +25 points |
| Q3 2025 | 7.6% | -9 points |
| Q2 2025 | 0.9% | N/A |
| Q1 2025 | -111% | -122 points |
| Q4 2024 | 10% | +6.6 points |
SNDK has the edge over BOX on profitability, with a higher operating margin.
BOX Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $70.7M | +61% |
| Q2 2026 | $138.9M | +9.6% |
| Q1 2026 | $108.5M | +6.8% |
| Q4 2025 | $71.3M | +14% |
| Q3 2025 | $43.9M | +22% |
| Q2 2025 | $126.7M | -2.5% |
| Q1 2025 | $101.5M | +14% |
| Q4 2024 | $62.3M | -13% |
BOX has the edge over SNDK on cash flow, with more consistent year-over-year improvement.
SNDK Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $6.3B | +1340% |
| Q2 2026 | $7.1B | +14355% |
| Q1 2026 | $3B | +$3B |
| Q3 2025 | $438M | +$636M |
| Q2 2025 | $49M | +$217M |
| Q1 2025 | -$18M | +$23M |
| Q3 2024 | -$198M | -$157M |
SNDK generated $17.4B in free cash flow over the past year, more than ten times what it generated the year before.
BOX Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -0.3% | -420K shares |
| 1 year | -7.5% | -11.4M shares |
| 3 years | -6.9% | -10.3M shares |
| 5 years | -14% | -22M shares |
| Available history | -5.9% | -8.8M shares |
BOX has the edge over SNDK on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q3 2026 | $69.3M |
| Q2 2026 | $116.4M |
| Q1 2026 | $123.4M |
| Q4 2025 | $76.9M |
| Q3 2025 | $39.9M |
| Q2 2025 | $49.7M |
| Q1 2025 | $42.4M |
| Q4 2024 | $30M |
BOX spent $386M buying back its own shares over the past year, up 138% from the year before.
SNDK Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -0.6% | -1M shares |
| 1 year | +3.4% | +5M shares |
| 3 years | +6.9% | +10M shares |
SNDK has 154M diluted shares, up 3.4% from a year ago.
| Quarter | Spent |
|---|---|
| Q3 2026 | $5B |
| Q3 2024 | — |
| Q2 2024 | — |
| Q1 2024 | — |
| Q4 2023 | — |
| Q3 2023 | — |
BOX Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 0.7x | Very low |
| Q2 2026 | 0.5x | Very low |
| Q1 2026 | 0.7x | Very low |
| Q4 2025 | 0.2x | Very low |
| Q3 2025 | -0.0x | Net Cash |
| Q2 2025 | -0.4x | Net Cash |
| Q1 2025 | 0.3x | Very low |
| Q4 2024 | 0.4x | Very low |
BOX's net debt is less than a year of its operating earnings (EBITDA), after holding more cash than debt a year ago.
SNDK Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | -0.2x | Net Cash |
| Q2 2026 | -0.4x | Net Cash |
| Q1 2026 | -0.7x | Net Cash |
SNDK has the edge over BOX on leverage, with a lower net debt burden relative to earnings.
BOX Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 73.0 | Overbought |
| Stochastic | 89.4 | Overbought |
BOX's weekly RSI is 73 (overbought) and its Stochastic is 89 (overbought).
SNDK Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 40.2 | Neutral |
| Stochastic | 10.6 | Oversold |
SNDK's weekly RSI is 40 (neutral) and its Stochastic is 11 (oversold).
BOX PE vs Technology Sector
| Metric | BOX | Sector median | Relative |
|---|---|---|---|
| PE | 64x | 28x | 130% above |
| PE % | 73 | 35 | 38 pts above |
BOX is trading at 64x earnings, a 130% premium to the Technology sector's median of 28x.
SNDK PE vs Technology Sector
| Metric | SNDK | Sector median | Relative |
|---|---|---|---|
| PE | 7.5x | 28x | 73% below |
| PE % | 4 | 27 | 23 pts below |
SNDK has the edge over BOX on valuation relative to its sector.
BOX Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $39.3 | 11% above |
| 20 week MA | $34.9 | 25% above |
| 50 week MA | $29.5 | 48% above |
| 100 week MA | $30.9 | 41% above |
| 200 week MA | $29.6 | 47% above |
BOX has stronger trend alignment. BOX is above 5 of 5 weekly averages versus SNDK above 0 of 3.
SNDK Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $1,317.5 | 29% below |
| 20 week MA | $1,465.4 | 36% below |
| 50 week MA | $1,119.6 | 16% below |
SNDK is in a downtrend: it's below all three of its weekly moving averages, and 16% below its 50-week average.
BOX Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $17.0 | $19.3 | +13% |
| 2021 | $19.3 | $26.8 | +39% |
| 2022 | $26.8 | $31.0 | +16% |
| 2023 | $31.0 | $25.6 | -17% |
| 2024 | $25.6 | $32.0 | +25% |
| 2025 | $32.0 | $30.1 | -6.1% |
| 2026 YTD | $30.1 | $43.6 | +45% |
BOX has finished higher in four of the last six years. It's up 45% so far in 2026.
SNDK Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2025 | $50.4 | $250.1 | +396% |
| 2026 YTD | $250.1 | $937.5 | +275% |
SNDK has the edge over BOX on returns for 2026, with the stronger performance.