FOX FACTORY HOLDING CORP FOXF
Our company, Fox Factory Holding Corp., is a global leader in the design, engineering, manufacturing and marketing of premium products and systems that deliver championship-level performance for customers worldwide. Fox Factory Holding Corp. is the holding company of Fox Factory, Inc. As used herein, "Fox Factory," "FOX," the "Company," "we," "our," and similar terms refer to Fox Factory Holding Corp. and its subsidiaries, unless the context indicates otherwise. Our premium brand, performance-defining products and systems are used primarily on bicycles ("bikes"), side-by-side vehicles ("side-by-sides"), on-road vehicles with and without off-road capabilities, off-road vehicles and trucks, all-terrain vehicles ("ATVs"), snowmobiles, motorcycles and specialty vehicles and applications. In addition, we also offer premium baseball and softball gear and equipment. Some of our products are specifically designed and marketed to some of the leading cycling and powered vehicle original equipment manufacturers ("OEMs"), while others are distributed to consumers through a global network of dealers and distributors and through direct-to-consumer channels.
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.47B | $1.39B | $1.46B | $1.60B | $1.30B | $890.6M | $751.0M | $619.2M | $475.6M | $403.1M |
| Cost of revenue | $1.02B | $970.3M | $999.4M | $1.07B | $866.7M | $601.0M | $508.3M | $413.7M | $321.1M | $276.7M |
| Gross profit | $443.2M | $423.6M | $464.8M | $531.3M | $432.3M | $289.5M | $242.7M | $205.5M | $154.5M | $126.4M |
| R&D | $69.4M | $60.3M | $53.2M | $56.2M | $46.6M | $34.3M | $31.8M | $25.8M | $20.2M | $18.5M |
| SG&A | $151.8M | $139.9M | $124.6M | $116.1M | $97.2M | $71.3M | $49.0M | $41.8M | $34.9M | $27.7M |
| Total operating expenses | $966.2M | $365.9M | $304.7M | $284.6M | $235.4M | $175.4M | $129.9M | $111.0M | $87.4M | $80.8M |
| Operating income | -$522.9M | $57.7M | $160.1M | $246.7M | $196.9M | $114.1M | $112.8M | $94.5M | $67.0M | $45.5M |
| Interest expense | $53.7M | $54.9M | $19.3M | $8.9M | $8.2M | $9.3M | $3.2M | $3.1M | $2.4M | $2.1M |
| Pre-tax income | -$576.3M | $1.0M | $138.7M | $233.8M | $188.4M | $104.5M | $108.6M | $90.9M | $64.3M | $43.1M |
| Income tax | $31.6M | $5.5M | $17.8M | $28.5M | $24.6M | $12.8M | $14.1M | $5.5M | $21.1M | $7.4M |
| Net income | -$544.6M | $6.5M | $120.8M | $205.3M | $163.8M | $90.7M | $93.0M | $84.0M | $43.1M | $35.7M |
| EPS, basic | -13.03 | 0.16 | 2.86 | 4.86 | 3.90 | 2.25 | 2.43 | 2.22 | 1.15 | 0.97 |
| EPS, diluted | -13.03 | 0.16 | 2.85 | 4.84 | 3.87 | 2.22 | 2.38 | 2.16 | 1.11 | 0.94 |
| Shares, diluted (wtd. avg.) | $41.8M | $41.7M | $42.4M | $42.4M | $42.4M | $40.8M | $39.2M | $39.0M | $38.7M | $37.8M |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $58.0M | $71.7M | $83.6M | $145.2M | $179.7M | $245.8M | $43.7M | $28.0M | $35.9M | $35.3M |
| Receivables | $190.7M | $165.8M | $171.1M | $200.4M | $142.0M | $121.2M | $91.6M | $78.9M | $61.1M | $61.6M |
| Inventory | $388.6M | $404.7M | $371.8M | $350.6M | $279.8M | $127.1M | $128.5M | $107.1M | $84.8M | $71.2M |
| Total current assets | $745.7M | $727.7M | $768.1M | $797.7M | $724.7M | $582.0M | $281.8M | $231.9M | $199.9M | $182.9M |
| Property, plant and equipment | $234.6M | $246.4M | $237.2M | $202.2M | $192.0M | $163.3M | $108.4M | $64.8M | $43.6M | $32.3M |
| Goodwill | $83.6M | $639.5M | $636.6M | $324.0M | $323.3M | $289.3M | $93.5M | $88.8M | $88.4M | $57.8M |
| Other intangibles | $399.4M | $448.9M | $483.3M | $179.0M | $197.0M | $204.5M | $81.9M | $84.0M | $90.0M | $57.9M |
| Total assets | $1.67B | $2.23B | $2.24B | $1.62B | $1.52B | $1.29B | $609.3M | $485.3M | $425.2M | $335.6M |
| Accounts payable | $141.4M | $135.8M | $104.2M | $131.2M | $100.0M | $92.4M | $55.1M | $55.1M | $40.8M | $36.2M |
| Short-term debt | $26.9M | $24.3M | $14.3M | $0 | $17.5M | $12.5M | $0 | $6.9M | $5.0M | $3.6M |
| Total current liabilities | $260.3M | $259.8M | $221.8M | $258.9M | $229.9M | $165.4M | $91.8M | $96.8M | $83.2M | $87.0M |
| Long-term debt | $496.7M | $527.8M | $359.2M | $0 | $361.0M | $377.1M | — | $52.5M | $58.0M | $63.1M |
| Total liabilities | $1.00B | $1.03B | $1.02B | $496.9M | $621.6M | $567.4M | $171.4M | $149.8M | $177.5M | $150.7M |
| Retained earnings | $330.8M | $875.4M | $878.1M | $764.1M | $558.8M | $395.0M | $312.5M | $219.7M | $135.9M | $92.8M |
| Total equity | $670.2M | $1.20B | $1.22B | $1.12B | $894.1M | $719.2M | $422.2M | $321.2M | $234.8M | $184.9M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $60.9M | $131.8M | $178.7M | $187.1M | $63.2M | $82.5M | $74.8M | $65.4M | $48.2M | $38.8M |
| Depreciation and amortisation | $48.1M | $39.0M | $32.1M | $27.7M | $22.7M | $16.3M | $11.3M | $8.1M | $6.9M | $5.8M |
| Stock-based compensation | $14.3M | $9.6M | $16.5M | $16.4M | $13.9M | $8.6M | $6.9M | $7.3M | $8.7M | $6.2M |
| Capital expenditure | $34.0M | $44.0M | $46.9M | $43.7M | $54.8M | $56.7M | $53.5M | $30.2M | $16.9M | $12.0M |
| Investing cash flow | -$34.0M | -$76.3M | -$750.4M | -$44.7M | -$104.9M | -$388.5M | -$60.3M | -$30.2M | -$70.5M | -$12.2M |
| Financing cash flow | -$40.0M | -$67.3M | $509.0M | -$179.1M | -$23.8M | $506.7M | $859.0K | -$43.4M | $22.0M | $1.8M |
| Buybacks | $0 | $25.0M | $25.0M | $0 | $0 | — | — | $0 | $0 | $7.9M |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001424929-26-000012.
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