Boxed Inc's Competitiveness
A competitive positioning analysis and financial ratio benchmarking of Boxed Inc (BOXD) against its publicly traded competitors: sales growth, net income, profitability, valuation and market share, plus each peer's market capitalization, revenue, income and employees. Free below: the top 5 peers. Subscriber access adds the full competitor list and CSV downloads.
Key Findings: Boxed Inc vs Its Competitors
- TTM: Trailing 12-month revenue of 309M vs 104M combined for its competitors (74.8% combined share).
- Trending: Latest-quarter revenue run-rate is decelerating (-46.1% annualized vs trailing 12 months), vs decelerating (-99.7%) for its tracked peer group.
- Growth: Boxed Inc generated -15.0% revenue growth year over year in Q3 2022, vs -93.0% for its competitors combined.
- Profitability: Its -63.3% net margin compares with -107,774.7% for the peer group.
- Peer revenue share: Boxed Inc accounted for 99.8% of combined revenue among its tracked peer group, up from 98.0% a year earlier.
- Peer differentiation: Revenue per employee of $1.03M compares with $0.42M for the peer group (2.5x).
- Structure: Boxed Inc operates in the following segments: Retail, Software and Services.
Every figure above is sourced and cited in detail further down this page (Market Structure, Profitability & Cost Structure, Productivity vs Peers).
BOXD Sales vs. its Competitors, Q3 2022
Boxed Inc reported revenue contraction of 15.01 % year on year in Q3 2022, above its competitors' combined revenue change of -93.03 %.
With a net margin of -63.32 %, Boxed Inc achieved higher profitability than its competitors (-107,774.65 %).
Boxed Inc generated 99.83 % of the combined sales of its peer group, up from 97.96 % a year earlier.
API endpoints for this dataset
Boxed Inc vs. its Competitors, Q3 2022
Revenue growth, year on year
Net margin
Revenue run-rate vs trailing 12 months
TTM net margin
TTM = trailing twelve months. Run-rate annualizes the latest quarter (×4) and compares it to TTM. In millions of $. High-Confidence Competitors are named as a competitor directly in Boxed Inc reports; Similar-Size Competitors are the closest peers by market-cap rank within the same industry; Similar Growth & Profitability Competitors are the closest peers by combined revenue growth, operating margin and ROIC, all independent of the competitor list.
TTM revenue, latest-quarter run-rate and net income/margin benchmarked across Boxed Inc and its 4 competitor groupings. Available under Commercial License.
| Entity | TTM Revenue | Rev Run-rate vs TTM |
|---|---|---|
| Boxed Inc | $12,345M | +12.3% · Accelerating |
| Competitors combined | $12,345M | +12.3% · Accelerating |
TTM revenue, run-rate and net margin benchmarking across Boxed Inc's competitor groups requires a Commercial License.
For context: the Internet, E-commerce, Online Shops industry grew revenue 45.7% year over year, combined, vs -15.0% for Boxed Inc. Boxed Inc's share of combined industry revenue moved from 0.02% to 0.01%, a loss of 0.01 percentage points.
Boxed Inc's Competitor Quality Breadth
Group definitions: see Methodology: Performance Group Definitions.
| Entity | Profitable | Expanding | Above Industry Growth | Distressed |
|---|---|---|---|---|
| Boxed Inc | No | - | - | Yes |
| Competitors combined (1) | - |
Source: CSIMarket API, trailing 12 months. Altman Z-Score is not shown here: it is not populated in the underlying data for any company. Percentages are of companies in each group that report the relevant metric, not of the full group size.
BOXD Stock Performance relative to its Competitors
5 Best-Performing Tracked Competitors, Trailing 12 Months
| # | Competitor | TTM Share Price Return | vs U.S.A. 500 |
|---|---|---|---|
| 1 | Bluebird Bio Inc | 282.9% | Outperformed |
TTM share price return and U.S.A. 500 outperformance for Boxed Inc's best-performing competitors requires a Commercial License.
Source: CSIMarket API, trailing 12 months.
Publicly Traded Peers of Boxed Inc
Revenue and income for trailing 12 months, in millions of $, except employees| Company | Market Cap | Revenues |
|---|---|---|
 Boxed Inc |
13.39 | 309.21 |
 Bluebird Bio Inc |
48.46 | 103.95 |
| SUBTOTAL | 61.86 | 413.16 |
Sources: see Methodology: Peer & Competitor Identification, Sourcing.
Updated on:
Focus of this report: publicly traded companies. Ten additional tables on Boxed Inc versus competitors, including market share analysis, are in the navigation menu under Competition. To download the tables, please subscribe.
Boxed Inc's Competitors Named by the Company
Competitive relationships identified from Boxed Inc reports and corroborating sources, each with a basis and confidence.| Competitor | Basis | Confidence |
|---|---|---|
| Bluebird Bio Inc | Company report | 85% |
Company report basis, confidence, active dates and source counts for Boxed Inc's named competitors require a Commercial License.
Methodology: see Methodology: Peer & Competitor Identification, Sourcing.
Boxed Inc's Business Segment Mix vs Peers
Revenue by operating segment or division, as named and reported by each company. Segment names are the filer's own and are not standardized across companies. Do not assume a same-named or similarly-named segment is defined identically between two companies. Shares are of each company's own total revenue and are not required to sum to 100% (intersegment revenue, unallocated items).| Company | Largest Segment |
|---|---|
| Boxed Inc | Retail 99.82 % |
Source: operating segment revenue as reported in each company's reports (10-K/10-Q), via the CSIMarket API, leaf-level reportable segments only (parent roll-up segments are excluded where sub-segments are separately disclosed).
Boxed Inc's Productivity vs Peers Comparison
Revenue and income per employee, trailing 12 months, in $; market cap in millions of $| Company | Market Cap | Revenue / Employee | Income / Employee |
|---|---|---|---|
| Boxed Inc | 13 | 1,030,706 | -560,132 |
| Bluebird Bio Inc | 48 | 419,137 | 562,250 |
| PEERS TOTAL | 48 | 419,137 | 562,250 |
Boxed Inc's Profitability & Cost Structure
Trailing 12-month margins from SEC-filed financials. Operating margin is compared to the Internet, E-commerce, Online Shops industry median; gross margin, EBITDA margin and capital intensity are compared to the live industry average (56 companies). See the full Internet, E-commerce, Online Shops industry profitability benchmarks.| Metric | Company | Industry | Difference |
|---|---|---|---|
| Gross Margin | 14.74 % | 37.54 % (avg) | -22.8 pp |
| Operating Margin | -40.26 % | industry median | -26.2 pp |
| EBITDA Margin | -51.32 % | -3.31 % (avg) | -48.0 pp |
| Capital Intensity (Capex / Revenue) | 1.43 % | 2.14 % (avg) | -0.7 pp |
Source: CSIMarket API, trailing 12 months. SG&A and R&D as a share of revenue have limited coverage as this data is backfilled and appear only where reported. Higher capital intensity is not inherently negative; it reflects the industry's asset requirements.
Boxed Inc's Valuation vs Competitive Position
Valuation multiples vs the Internet, E-commerce, Online Shops industry average (56 companies, excluding loss-making/negative-equity outliers), alongside returns on capital for context on whether a premium or discount lines up with measurably stronger or weaker returns. See the full Internet, E-commerce, Online Shops industry valuation benchmarks.| Metric | Company | Industry Average | Difference |
|---|---|---|---|
| P/E | - | 19.4x | - |
| EV / EBITDA | - | 14.9x | - |
| P/B | -2.7x | 3.8x | -6.5x |
| Return on Equity | - | industry aggregate | - |
| Return on Invested Capital | -144.11 % | 2.25 % (avg) | -146.36 % |
Source: CSIMarket API, trailing 12 months. A valuation premium or discount is not, by itself, a judgment of over- or under-valuation. Compare it against the return and growth context shown elsewhere on this page.
Boxed Inc's Competitive Forces (Porter's Five Forces)
Only the forces this data can support honestly are shown; the other three are marked as such rather than guessed.| Force | Assessment | Basis |
|---|---|---|
| Barriers to Entry | Lower than typical for the industry | Capital intensity (capex / revenue) of 1.43 % vs industry average 2.14 % (see Profitability & Cost Structure above) |
Note: see Methodology: Porter's Five Forces. Supplier power and buyer power are covered on Boxed Inc's dedicated Suppliers and Customers pages, not here.
Boxed Inc's Industry Attractiveness & Competitive Strength
See Methodology: GE/McKinsey Matrix for how the two axes are built.
Boxed Inc falls in the Low attractiveness / Low strength cell: Harvest / Divest.
Source: CSIMarket API, trailing 12 months. Each axis score is a simple 1(low)/2(medium)/3(high) average across its three inputs -- a transparent, disclosed simplification, not a validated academic scoring model.
Boxed Inc's SWOT
Every point below is a fixed rule applied to a metric already shown elsewhere on this page (Market Structure, Profitability, Valuation, Run-Rate, Stock Performance, Quality Breadth) not an independent strategic assessment. A blank quadrant means no rule was met, not that none apply.Strengths
No rule matched.
Weaknesses
- Operating margin 26.2 points below the industry median.
- Latest-quarter revenue run-rate is decelerating (-46.1% annualized vs trailing 12 months).
- Piotroski F-Score of 2 or below, the standard financial-distress signal.
Opportunities
No rule matched.
Threats
- Tracked peer group's revenue run-rate is broadly decelerating (-99.7% annualized).
Methodology: see Methodology: SWOT Analysis.
Boxed Inc's Financial Strength vs Peers Comparison
Quick ratio, working capital, debt to equity and asset turnover, trailing 12 months| Company | Quick Ratio | Working Capital | Debt / Equity |
|---|---|---|---|
| Boxed Inc | 1.01 | 1.52 | - |
| Bluebird Bio Inc | 0.29 | 0.56 | - |
Quick ratio = cash / current liabilities; working capital ratio = current assets / current liabilities; asset turnover = revenue / total assets. Peers in the Blank Checks industry are excluded.
Boxed Inc's Revenue and Income Growth vs Peers
Quarterly revenue and net income growth, year over year and quarter over quarter| Company | Period | Revenue Y/Y | Income Y/Y |
|---|---|---|---|
| Boxed Inc | Q3 2022 | - | - |
| Bluebird Bio Inc | Q1 2025 | +108.4 % | - |
| PEERS TOTAL | +332.7 % | - |
Growth is shown only where both periods are positive. Peers in the Blank Checks industry are excluded.
Boxed Inc's Peers' Costs of Sales and Capital Expenditures
Context for revenue growth: peer costs and capex, year over year and quarter over quarter| Company | Period | Costs Y/Y | Capex Y/Y |
|---|---|---|---|
| Boxed Inc | Q3 2022 | - | - |
| Bluebird Bio Inc | Q1 2025 | -52.7 % | -51.6 % |
Boxed Inc's Returns and Turnover vs Peers
ROA, ROI and ROE (trailing 12 months), receivables and inventory turnover| Company | ROA | ROI | ROE |
|---|---|---|---|
| Boxed Inc | - | - | - |
| Bluebird Bio Inc | 31.57% | 52.44% | - |
ROA = net income / total assets; ROI = net income / investments; ROE = net income / equity; turnover ratios use trailing 12 month revenue (receivables) and cost of sales (inventory).
Boxed Inc's Valuation vs Peers
P/E, price to sales, PEG, price to cash flow and price to book| Company | P/E | Price / Sales |
|---|---|---|
| Boxed Inc | - | 0.04 |
| Bluebird Bio Inc | - | 0.47 |
| PEERS AVERAGE | - | 0.15 |
P/E = price / diluted EPS (trailing 12 months); PEG = P/E divided by EPS growth; the average row divides the peers' combined market cap by their combined income, sales, cash flow and equity.