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Fox Factory

FOXF Nasdaq Automotive Parts & Equipment Financials FY2016–FY2025

Fox Factory's revenue rose 5.3% to $1.5 billion in fiscal 2025. Its operating margin was −35.6%, down from 4.1% a year earlier. Free cash flow was $27 million, down 69.3%. The diluted share count rose 0.2%.

Last close · Oct 23, 2026

$15.07

1.7%
Value it Compare
Revenue Total sales reported in the income statement.
$1.5B
5.3% vs prior year
Operating margin Operating income as a share of revenue.
−35.6%
39.8 pts
Net income Profit after all expenses, interest and tax.
−$545M
8,478.5%
Free cash flow Cash from operations minus capital spending.
$27.0M
69.3%
Return on capital After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
−29.3%
32.9 pts
Market cap Last close times the latest diluted share count, so it is approximate.
$637M
Oct 23 close
P/E Last close divided by diluted earnings per share over the last four quarters.
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About these figures. Net debt to EBITDA for fiscal 2025 is blank: the 10-K's structured data doesn't include every figure it needs.

What Fox Factory does

No business description yet.

Legal name
Fox Factory Holding Corp.
Fiscal year ends
January 2, 2026
Latest annual report
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Accession · CIK
0001424929-26-000012
0001424929

Revenue and margins

Fox Factory had $1.5B of revenue in fiscal 2025, up 5.3% on the year before.

Revenue
Revenue
Margins, % of revenue
Gross Operating Net FCF
Margins, % of revenue
Gross Operating Net FCF

Net income and earnings per share

Loss periods are shown in red.

Net income
Net income
Diluted EPS
Diluted EPS

Returns on capital

After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.

Return on capital, equity and assets (annual)
Return on capital Return on equity Return on assets

Cash flow

Free cash flow was $27.0M in fiscal 2025, 1.8% of revenue. Cash from operations minus capital spending.

Free cash flow
Free cash flow
Cash from operations vs capital spending
Cash from operations Capital spending
Cash from operations vs capital spending
Cash from operations Capital spending

Dividends, buybacks and share count

Fox Factory returned $0.0M to shareholders in fiscal 2025, 0% of free cash flow. The diluted share count rose 0.2%.

Dividends and buybacks
Dividends Buybacks
Dividends and buybacks
Dividends Buybacks
Diluted shares outstanding (annual)

Value Fox Factory yourself

Change the assumptions and see what they imply per share. These are models, not forecasts or price targets — the answer depends entirely on what you put in.

Discounted cash flow

Value per share

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Adds net cash of −$466M and divides by 41.8M diluted shares. Ten years of cash flows plus a terminal value, discounted to today.

Balance sheet

Cash, debt and the ratios that show how comfortably Fox Factory can carry it.

Cash vs debt (incl. leases)
Cash Debt
Fiscal year endFY21FY22FY23FY24FY25
Cash and short-term investments $180M$145M$83.6M$71.7M$58.0M
Debt incl. finance leases $379M$0.0M$374M$552M$524M
Net debt / EBITDA 0.8x−0.5x1.3x3.4x—
Debt / equity 0.4x0.0x0.3x0.5x0.8x
Interest coverage 24.1x27.6x8.3x1.1x−9.7x
Current ratio 3.2x3.1x3.5x2.8x2.9x
Quick ratio 1.9x1.7x1.8x1.2x1.4x
Total assets $1.5B$1.6B$2.2B$2.2B$1.7B
Total liabilities $622M$497M$1.0B$1.0B$1.0B
Shareholders' equity $894M$1.1B$1.2B$1.2B$670M
Net debt (− = net cash) $199M−$145M$290M$480M$466M

Insider trades

Open-market purchases and sales by officers, directors and 10% owners, from Form 4 filings. 'Plan' marks trades under a pre-arranged Rule 10b5-1 plan.

Bought, 12 months

$0.3M

1 insider

Sold, 12 months

$0.0M

0 insiders

Of sales under plans

—

$0.0M

DateInsiderTradeSharesPriceValueFiling
Nov 14, 2025 Michael C. DennisonChief Executive Officer, Director Bought 22,000 $14.20 $0.3M Form 4

Piotroski F-score

Nine pass/fail tests of profitability, funding and efficiency. 8–9 is strong, 0–2 weak.

TestFY23FY24FY25
Net income is positive ✓ ✓ ✕
Cash from operations is positive ✓ ✓ ✓
Return on assets rose ✕ ✕ ✕
Cash from operations exceeds net income ✓ ✓ ✓
Debt fell relative to assets ✕ ✕ ✕
Current ratio rose ✓ ✕ ✓
Share count didn't rise ✕ ✓ ✕
Gross margin rose ✕ ✕ ✕
Revenue rose relative to assets ✕ ✕ ✓
F-score 4 / 94 / 94 / 9
Accruals ratio −3.0%−5.6%−31.0%
Altman Z'' 4.614.041.15

Similar companies

Each company's latest fiscal year. Fiscal years end in different months, so periods don't line up exactly.

CompanyMarket capGrowthOp. marginFCF marginROICP/EF-score
Fox Factory FOXF $637M 5.3% −35.6% 1.8% −29.3% — 4
Gentherm THRM $878M 2.9% 5.5% 4.1% 5.8% 98.6x 6 Compare →
Standard Motor Products SMP $853M 22.4% 7.6% 1.0% 8.3% 16.6x 7 Compare →
Mobileye MBLY $5.3B 14.5% −23.2% 27.6% — — — Compare →
Dorman Products DORM $3.8B 6.0% 14.1% 3.6% 12.4% 17.3x 8 Compare →

10 years of figures

US$ millions unless stated. Hover a ratio's name for its definition.

Download CSV
Fiscal yearFY16FY17FY18FY19FY20FY21FY22FY23FY24FY25
Income statement
Revenue $403M $476M $619M $751M $891M $1.3B $1.6B $1.5B $1.4B $1.5B
Gross profit $126M $155M $206M $243M $290M $432M $531M $465M $424M $443M
Research and development $18.5M $20.2M $25.8M $31.8M $34.3M $46.6M $56.2M $53.2M $60.3M $69.4M
Operating income $45.5M $67.0M $94.5M $113M $114M $197M $247M $160M $57.7M −$523M
Interest expense $2.1M $2.4M $3.1M $3.2M $9.3M $8.2M $8.9M $19.3M $54.9M $53.7M
Pretax income $43.1M $64.3M $90.9M $109M $105M $188M $234M $139M $1.0M −$576M
Income tax $7.4M $21.1M $5.5M $14.1M $12.8M $24.6M $28.5M $17.8M −$5.5M −$31.6M
Net income $35.7M $43.1M $84.0M $93.0M $90.7M $164M $205M $121M $6.5M −$545M
Diluted EPS $0.94 $1.11 $2.16 $2.38 $2.22 $3.87 $4.84 $2.85 $0.16 −$13.03
Diluted shares 0.04B 0.04B 0.04B 0.04B 0.04B 0.04B 0.04B 0.04B 0.04B 0.04B
Cash flow
Cash from operations $38.8M $48.2M $65.4M $74.8M $82.5M $63.2M $187M $179M $132M $60.9M
Capital expenditure $12.0M $16.9M $30.2M $53.5M $56.7M $54.8M $43.7M $46.9M $44.0M $34.0M
Free cash flow $26.8M $31.3M $35.2M $21.3M $25.8M $8.3M $143M $132M $87.8M $27.0M
Depreciation and amortization $9.0M $10.3M $14.5M $17.6M $33.9M $43.4M $49.2M $60.1M $83.9M $92.3M
Stock-based compensation $6.2M $8.7M $7.3M $6.9M $8.6M $13.9M $16.4M $16.5M $9.6M $14.3M
Acquisitions $0.2M $53.6M $0.0M $6.8M $332M $51.9M $0.7M $701M $25.8M $0.0M
Share buybacks $7.9M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $25.0M $25.0M $0.0M
Dividends paid $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M
Dividends and buybacks $8.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $25.0M $25.0M $0.0M
Balance sheet
Cash and short-term investments $35.3M $35.9M $28.0M $43.7M $246M $180M $145M $83.6M $71.7M $58.0M
Total debt $66.7M $63.1M $59.4M — $390M $379M $0.0M $374M $552M $524M
Finance lease liabilities $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M
Current assets $183M $200M $232M $282M $582M $725M $798M $768M $728M $746M
Current liabilities $87.0M $83.2M $96.8M $91.8M $165M $230M $259M $222M $260M $260M
Inventory $71.2M $84.8M $107M $129M $127M $280M $351M $372M $405M $389M
Property and equipment, net $32.3M $43.6M $64.8M $108M $163M $192M $202M $237M $246M $235M
Total assets $336M $425M $485M $609M $1.3B $1.5B $1.6B $2.2B $2.2B $1.7B
Total liabilities $151M $178M $150M $171M $567M $622M $497M $1.0B $1.0B $1.0B
Shareholders' equity $185M $235M $321M $422M $719M $894M $1.1B $1.2B $1.2B $670M
Margins
Gross margin 31.4% 32.5% 33.2% 32.3% 32.5% 33.3% 33.2% 31.8% 30.4% 30.2%
Operating margin 11.3% 14.1% 15.3% 15.0% 12.8% 15.2% 15.4% 10.9% 4.1% −35.6%
EBITDA margin 13.5% 16.3% 17.6% 17.4% 16.6% 18.5% 18.5% 15.0% 10.2% −29.4%
Net margin 8.9% 9.1% 13.6% 12.4% 10.2% 12.6% 12.8% 8.3% 0.5% −37.1%
FCF margin 6.7% 6.6% 5.7% 2.8% 2.9% 0.6% 9.0% 9.0% 6.3% 1.8%
Returns
Return on capital 18.5% 18.8% 28.9% — — 17.5% 20.9% 11.2% 3.6% −29.3%
Return on capital employed 20.1% 22.7% 25.9% 24.9% 13.9% 16.4% 18.7% 9.5% 2.9% −30.9%
Return on equity 21.2% 20.6% 30.2% 25.0% 15.9% 20.3% 20.4% 10.3% 0.5% −58.2%
Return on assets 11.6% 11.3% 18.5% 17.0% 9.6% 11.7% 13.1% 6.3% 0.3% −27.9%
Growth
Revenue growth 9.9% 18.0% 30.2% 21.3% 18.6% 45.9% 23.4% −8.6% −4.8% 5.3%
Net income growth 43.0% 20.9% 94.9% 10.7% −2.5% 80.7% 25.3% −41.1% −94.6% −8,414.2%
EPS growth 42.4% 18.1% 94.6% 10.2% −6.7% 74.3% 25.1% −41.1% −94.4% −8,243.8%
FCF growth 40.2% 16.7% 12.4% −39.5% 20.9% −67.6% 1,619.8% −8.0% −33.4% −69.3%
Share count change −0.3% 2.5% 0.6% 0.5% 4.2% 3.8% 0.0% 0.1% −1.7% 0.2%
Financial health
Net debt / EBITDA 0.6x 0.4x 0.3x — 1.0x 0.8x −0.5x 1.3x 3.4x —
Debt / equity 0.4x 0.3x 0.2x — 0.5x 0.4x 0.0x 0.3x 0.5x 0.8x
Interest coverage 21.8x 28.0x 30.9x 35.6x 12.3x 24.1x 27.6x 8.3x 1.1x −9.7x
Current ratio 2.1x 2.4x 2.4x 3.1x 3.5x 3.2x 3.1x 3.5x 2.8x 2.9x
Quick ratio 1.3x 1.4x 1.3x 1.7x 2.8x 1.9x 1.7x 1.8x 1.2x 1.4x
Capital allocation
Capex / revenue 3.0% 3.6% 4.9% 7.1% 6.4% 4.2% 2.7% 3.2% 3.2% 2.3%
Stock comp / revenue 1.5% 1.8% 1.2% 0.9% 1.0% 1.1% 1.0% 1.1% 0.7% 1.0%
Payouts / FCF 29.6% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 19.0% 28.5% 0.0%
Quality scores
Piotroski F-score 8.0 7.0 6.0 — — 4.0 5.0 4.0 4.0 4.0
Altman Z'' 5.0 5.3 6.9 7.6 5.1 5.7 7.1 4.6 4.0 1.2
Accruals ratio −1.0% −1.3% 4.1% 3.3% 0.9% 7.2% 1.2% −3.0% −5.6% −31.0%

Source: SEC EDGAR XBRL filings (CIK 0001424929). Data updated October 19, 2026. Quarterly fourth quarters are the full year minus the first nine months. For information only — not investment advice. Check the original filings before relying on any figure.

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