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Fox Factory Holding Corp. designs, engineers, manufactures, and markets performance-defining products and systems in North America, Europe, Asia, and internationally. It operates through Powered Vehicles Group (PVG), Aftermarket Applications Group (AAG), and Specialty Sports Group (SSG) segments. The company offers powered vehicle products for off-road vehicles and trucks, side-by-sides, on-road vehicles with and without off-road capabilities, all-terrain vehicles, snowmobiles, specialty vehicles and applications, and motorcycles; aftermarket truck suspension components, including two-inch bolt-on shocks and position sensitive internal bypass shocks; and suspension systems, as well as motorcycle shocks, forks, cushioning, and hydraulic components. It also provides lift kits and components with shock products; aftermarket accessory packages for trucks; suspension tuning services; wheels, off-road tires, and accessories; superchargers, interior accessories, tires, lighting, and body enhancements; and mid-end and high-end front fork and rear suspension products. In addition, the company offers mountain and gravel bike wheels; cranks, chainrings, pedals, bars, stems, and seat posts; and baseball and softball products comprising metal and wood bats, apparel and accessories, batting and fielding gloves, and bags and protective equipment. Further, it provides aftermarket applications products; upfitting products; and mountain bikes, e-bikes, and gravel bikes. The company sells its products to OEMs through dealers, distributors, and direct-to-consumer channels under the FOX, Marzocchi, Race Face, Easton Cycling, Marucci, BDS Suspension, Zone Offroad, JKS Manufacturing, RT Pro UTV, 4x4 Posi-Lok, Ridetech, Fox Factory Vehicles, Black Widow, Rocky Ridge, Outside Van, Custom Wheel House, Method Race Wheels, Badlander, Black Ops, Harley-Davidson, and Shelby American brands. Fox Factory Holding Corp. was incorporated in 2007 and is based in Duluth, Georgia.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $1.5B | $-430M | $-545M | $27M | -81.3% | 5.3% | -8414.2% |
| 2024 | $1.4B | $140M | $7M | $88M | 0.5% | -4.8% | -94.6% |
| 2023 | $1.5B | $218M | $121M | $132M | 9.9% | -8.6% | -41.1% |
| 2022 | $1.6B | $292M | $205M | $143M | 18.3% | - | - |
| 2021 | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Total Revenue | - | 1,602.49 | 1,464.18 | 1,393.92 | 1,467.32 |
| Operating Revenue | - | 1,602.49 | 1,464.18 | 1,393.92 | 1,467.32 |
| Cost Of Revenue | - | 1,071.15 | 999.37 | 970.34 | 1,024.07 |
| Gross Profit | - | 531.34 | 464.81 | 423.58 | 443.25 |
| Operating Expense | - | 284.65 | 304.72 | 365.91 | 395.36 |
| Research And Development | - | 56.20 | 53.18 | 60.31 | 69.44 |
| Selling General And Administration | - | 206.90 | 225.03 | 261.06 | 283.88 |
| Total Expenses | - | 1,355.79 | 1,304.09 | 1,336.25 | 1,419.43 |
| Operating Income | - | 246.70 | 160.09 | 57.67 | 47.89 |
| Total Operating Income As Reported | - | 246.70 | 160.09 | 57.67 | -522.93 |
| EBITDA | - | 291.94 | 218.08 | 139.86 | -430.31 |
| Normalized EBITDA | - | 291.94 | 218.08 | 139.86 | 140.51 |
| EBIT | - | 242.70 | 157.98 | 55.95 | -522.62 |
| Interest Expense | - | 8.94 | 19.32 | 54.94 | 53.67 |
| Net Interest Income | - | -8.94 | -19.32 | -54.94 | -53.67 |
| Other Non Operating Income Expenses | - | -3.99 | -2.11 | -1.72 | 0.31 |
| Other Income Expense | - | -3.99 | -2.11 | -1.72 | -570.51 |
| Interest Expense Non Operating | - | 8.94 | 19.32 | 54.94 | 53.67 |
| Net Non Operating Interest Income Expense | - | -8.94 | -19.32 | -54.94 | -53.67 |
| Pretax Income | - | 233.76 | 138.66 | 1.01 | -576.29 |
| Tax Provision | - | 28.49 | 17.82 | -5.50 | -31.57 |
| Tax Rate For Calcs | - | 0 | 0 | 0 | 0 |
| Tax Effect Of Unusual Items | - | 0 | 0 | 0 | -31.40 |
| Net Income Continuous Operations | - | 205.28 | 120.85 | 6.51 | -544.72 |
| Net Income From Continuing And Discontinued Operation | - | 205.28 | 120.85 | 6.55 | -544.58 |
| Net Income From Continuing Operation Net Minority Interest | - | 205.28 | 120.85 | 6.55 | -544.58 |
| Net Income | - | 205.28 | 120.85 | 6.55 | -544.58 |
| Net Income Common Stockholders | - | 205.28 | 120.85 | 6.55 | -544.58 |
| Net Income Including Noncontrolling Interests | - | 205.28 | 120.85 | 6.51 | -544.72 |
| Normalized Income | - | 205.28 | 120.85 | 6.55 | -5.15 |
| Diluted NI Availto Com Stockholders | - | 205.28 | 120.85 | 6.55 | -544.58 |
| Basic Average Shares | - | 42.23 | 42.30 | 41.68 | 41.78 |
| Diluted Average Shares | - | 42.38 | 42.43 | 41.72 | 41.78 |
| Reconciled Depreciation | - | 49.24 | 60.10 | 83.91 | 92.31 |
| Reconciled Cost Of Revenue | - | 1,043.44 | 965.78 | 930.97 | 973.79 |
| Total Unusual Items | - | - | - | - | -570.82 |
| Total Unusual Items Excluding Goodwill | - | - | - | - | -570.82 |
| Minority Interests | - | 0 | 0 | 0.04 | 0.14 |
| Special Income Charges | - | - | - | - | -570.82 |
| Impairment Of Capital Assets | - | - | - | - | 570.82 |
| Depreciation Amortization Depletion Income Statement | - | 21.54 | 26.51 | 44.53 | 42.03 |
| Depreciation And Amortization In Income Statement | - | 21.54 | 26.51 | 44.53 | 42.03 |
| General And Administrative Expense | - | 116.10 | 124.58 | 139.86 | 151.83 |
| Other Gand A | - | 116.10 | 124.58 | 139.86 | 151.83 |
| Selling And Marketing Expense | - | 90.80 | 100.45 | 121.21 | 132.06 |
| Amortization | - | 21.54 | 26.51 | 44.53 | 42.03 |
| Amortization Of Intangibles Income Statement | - | 21.54 | 26.51 | 44.53 | 42.03 |
Consumer Cyclical sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Fox Factory Holding Corp.this co. | FOXF | $744M | - | 1.11 | -81.3% | - |
| Winnebago Industries, Inc. | WGO | $795M | 30.93 | 0.65 | 2.1% | 10.30 |
| EVgo, Inc. | EVGO | $782M | -18.80 | -6.69 | 35.6% | -46.15 |
| MarineMax, Inc. | HZO | $768M | - | 0.82 | -3.4% | 22.13 |
| Golden Entertainment, Inc. | GDEN | $754M |
| - |
| - |
| - |
| - |
| - |
| - |
| -124.72 |
| 1.79 |
| -1.4% |
| 10.88 |
| Solid Power, Inc. | SLDP | $747M | -8.00 | 1.79 | -22.4% | -9.95 |
| Cracker Barrel Old Country Store, Inc. | CBRL | $738M | 15.90 | 1.60 | 10.0% | 9.72 |
| Beazer Homes USA, Inc. | BZH | $708M | 15.53 | 0.57 | 3.7% | 27.79 |
| American Woodmark Corporation | AMWD | $701M | 7.04 | 0.76 | 10.9% | 6.03 |
| Peer Median | - | 7.04 | 0.79 | 2.9% | 10.01 | |