Fox Factory (FOXF)
Market Price (12/4/2025): $16.345 | Market Cap: $683.5 MilSector: Consumer Discretionary | Industry: Automotive Parts & Equipment
Fox Factory (FOXF)
Market Price (12/4/2025): $16.345Market Cap: $683.5 MilSector: Consumer DiscretionaryIndustry: Automotive Parts & Equipment
Investment Highlights
Why It Matters
Which of these 2 stories sounds closer for this stock?
1. Generates cash flow
The stock generated 4% or more of the share price (called cash flow yield), and shows moderate 10-15% or more growth.
2. Riding a trend
Think Tesla during the pandemic of 2020 when EVs were riding a cultural high, or Nvidia in the current AI boom, or even Figma. These companies don’t have enough yield, or, enough growth, or both - however - they are riding a trend. They have momentum. These can be more volatile - they don’t have the floor of strong cash flow
| Attractive yieldFCF Yield is 8.4% | Weak multi-year price returns2Y Excs Rtn is -124%, 3Y Excs Rtn is -157% | Debt is significantNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 63% |
| Megatrend and thematic driversMegatrends include Experience Economy & Premiumization. Themes include Luxury Consumer Goods, Outdoor Recreation & Performance Equipment, and Performance Vehicle Components. | Weak revenue growthRev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -1.4% | |
| Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -30% |
| Attractive yieldFCF Yield is 8.4% |
| Megatrend and thematic driversMegatrends include Experience Economy & Premiumization. Themes include Luxury Consumer Goods, Outdoor Recreation & Performance Equipment, and Performance Vehicle Components. |
| Weak multi-year price returns2Y Excs Rtn is -124%, 3Y Excs Rtn is -157% |
| Debt is significantNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 63% |
| Weak revenue growthRev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -1.4% |
| Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -30% |
Valuation, Metrics & Events
FOXF Stock
Why The Stock Moved
Qualitative Assessment
AI Generated Analysis | Feedback
1. Disappointing Third Quarter 2025 Financial Results: Fox Factory Holding Corp. reported a net loss of $0.6 million, or $0.02 per diluted share, for the third fiscal quarter ended October 3, 2025, a decrease from a net income of $4.8 million in the prior year quarter. The adjusted earnings per diluted share of $0.23 also fell short of analyst estimates, which were around $0.54 to $0.55. This weaker-than-anticipated performance contributed to a stock decline.
2. Significant Decline in Specialty Sports Group (SSG) Sales: The company's Specialty Sports Group (SSG) revenues decreased by 11.2% year-over-year in the third quarter of 2025. This decline was primarily attributed to sluggish Marucci and bike sales, as well as original equipment manufacturers, distributors, and dealers reducing inventory levels due to market-wide economic conditions. The slower recovery in this higher-margin segment was a key concern.
Stock Movement Drivers
Return vs. Risk
Price Returns Compared
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| FOXF Return | 52% | 61% | -46% | -26% | -55% | -48% | -78% |
| Peers Return | 37% | 9% | -19% | 15% | -25% | 14% | 18% |
| S&P 500 Return | 16% | 27% | -19% | 24% | 23% | 16% | 112% |
Monthly Win Rates [3] | |||||||
| FOXF Win Rate | 67% | 67% | 33% | 42% | 42% | 40% | |
| Peers Win Rate | 63% | 53% | 38% | 47% | 35% | 58% | |
| S&P 500 Win Rate | 58% | 75% | 42% | 67% | 75% | 70% | |
Max Drawdowns [4] | |||||||
| FOXF Max Drawdown | -48% | -2% | -59% | -40% | -57% | -56% | |
| Peers Max Drawdown | -63% | -9% | -41% | -14% | -37% | -29% | |
| S&P 500 Max Drawdown | -31% | -1% | -25% | -1% | -2% | -15% | |
[1] Cumulative total returns since the beginning of 2020
[2] Peers: PATK, VC, CVGI, APTV, MGA.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2025 data is for the year up to 12/3/2025 (YTD)
How Low Can It Go
| Event | FOXF | S&P 500 |
|---|---|---|
| 2022 Inflation Shock | ||
| % Loss | -70.7% | -25.4% |
| % Gain to Breakeven | 241.6% | 34.1% |
| Time to Breakeven | Not Fully Recovered days | 464 days |
| 2020 Covid Pandemic | ||
| % Loss | -52.5% | -33.9% |
| % Gain to Breakeven | 110.7% | 51.3% |
| Time to Breakeven | 63 days | 148 days |
| 2018 Correction | ||
| % Loss | -30.8% | -19.8% |
| % Gain to Breakeven | 44.5% | 24.7% |
| Time to Breakeven | 241 days | 120 days |
Compare to PATK, VC, CVGI, APTV, MGA
In The Past
Fox Factory's stock fell -70.7% during the 2022 Inflation Shock from a high on 11/15/2021. A -70.7% loss requires a 241.6% gain to breakeven.
Preserve Wealth
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Asset Allocation
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Latest Trefis Analyses
Trade Ideas
Select past ideas related to FOXF. For more, see Trefis Trade Ideas.
| Date | Ticker | Company | Category | Trade Strategy | 6M Fwd Rtn | 12M Fwd Rtn | 12M Max DD |
|---|---|---|---|---|---|---|---|
| 11302025 | BBWI | Bath & Body Works | Dip Buy | DB | Insider Buys | Low D/EDip Buy with Strong Insider BuyingBuying dips for companies with strong insider buying in the last 1 month, positive operating income and reasonable debt / market cap | 6.8% | 6.8% | 0.0% |
| 11262025 | HRB | H&R Block | Dip Buy | DB | FCFY OPMDip Buy with High FCF Yield and High MarginBuying dips for companies with high FCF yield and meaningfully high operating margin | 0.5% | 0.5% | 0.0% |
| 11262025 | LRN | Stride | Dip Buy | DB | FCFY OPMDip Buy with High FCF Yield and High MarginBuying dips for companies with high FCF yield and meaningfully high operating margin | -2.6% | -2.6% | -2.6% |
| 11212025 | ABNB | Airbnb | Dip Buy | DB | FCFY OPMDip Buy with High FCF Yield and High MarginBuying dips for companies with high FCF yield and meaningfully high operating margin | 3.7% | 3.7% | 0.0% |
| 11212025 | MTN | Vail Resorts | Dip Buy | DB | FCFY OPMDip Buy with High FCF Yield and High MarginBuying dips for companies with high FCF yield and meaningfully high operating margin | 1.3% | 1.3% | -1.6% |
| 11302023 | FOXF | Fox Factory | Dip Buy | DB | FCF Yield | Low D/EDip Buy with High Free Cash Flow YieldBuying dips for companies with significant free cash flow yield (FCF / Market Cap) and reasonable debt / market cap | -26.7% | -48.0% | -49.2% |
| 05312023 | FOXF | Fox Factory | Dip Buy | DB | FCFY OPMDip Buy with High FCF Yield and High MarginBuying dips for companies with high FCF yield and meaningfully high operating margin | -30.2% | -48.4% | -56.3% |
| Date | Ticker | Company | Category | Trade Strategy | 6M Fwd Rtn | 12M Fwd Rtn | 12M Max DD |
|---|---|---|---|---|---|---|---|
| 11302025 | BBWI | Bath & Body Works | Dip Buy | DB | Insider Buys | Low D/EDip Buy with Strong Insider BuyingBuying dips for companies with strong insider buying in the last 1 month, positive operating income and reasonable debt / market cap | 6.8% | 6.8% | 0.0% |
| 11262025 | HRB | H&R Block | Dip Buy | DB | FCFY OPMDip Buy with High FCF Yield and High MarginBuying dips for companies with high FCF yield and meaningfully high operating margin | 0.5% | 0.5% | 0.0% |
| 11262025 | LRN | Stride | Dip Buy | DB | FCFY OPMDip Buy with High FCF Yield and High MarginBuying dips for companies with high FCF yield and meaningfully high operating margin | -2.6% | -2.6% | -2.6% |
| 11212025 | ABNB | Airbnb | Dip Buy | DB | FCFY OPMDip Buy with High FCF Yield and High MarginBuying dips for companies with high FCF yield and meaningfully high operating margin | 3.7% | 3.7% | 0.0% |
| 11212025 | MTN | Vail Resorts | Dip Buy | DB | FCFY OPMDip Buy with High FCF Yield and High MarginBuying dips for companies with high FCF yield and meaningfully high operating margin | 1.3% | 1.3% | -1.6% |
| 11302023 | FOXF | Fox Factory | Dip Buy | DB | FCF Yield | Low D/EDip Buy with High Free Cash Flow YieldBuying dips for companies with significant free cash flow yield (FCF / Market Cap) and reasonable debt / market cap | -26.7% | -48.0% | -49.2% |
| 05312023 | FOXF | Fox Factory | Dip Buy | DB | FCFY OPMDip Buy with High FCF Yield and High MarginBuying dips for companies with high FCF yield and meaningfully high operating margin | -30.2% | -48.4% | -56.3% |
Research & Analysis
Invest in Strategies
Wealth Management
Peer Comparisons for Fox Factory
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 63.80 |
| Mkt Cap | 3.1 |
| Rev LTM | 3,816 |
| Op Inc LTM | 300 |
| FCF LTM | 275 |
| FCF 3Y Avg | 274 |
| CFO LTM | 398 |
| CFO 3Y Avg | 378 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | -1.5% |
| Rev Chg 3Y Avg | 0.8% |
| Rev Chg Q | 2.4% |
| QoQ Delta Rev Chg LTM | 0.6% |
| Op Mgn LTM | 5.7% |
| Op Mgn 3Y Avg | 7.2% |
| QoQ Delta Op Mgn LTM | -0.1% |
| CFO/Rev LTM | 8.5% |
| CFO/Rev 3Y Avg | 10.0% |
| FCF/Rev LTM | 5.4% |
| FCF/Rev 3Y Avg | 6.7% |
Valuation
| Median | |
|---|---|
| Name | |
| Mkt Cap | 3.1 |
| P/S | 0.8 |
| P/EBIT | 8.0 |
| P/E | 11.8 |
| P/CFO | 7.3 |
| Total Yield | 5.3% |
| Dividend Yield | 0.0% |
| FCF Yield 3Y Avg | 7.2% |
| D/E | 0.5 |
| Net D/E | 0.5 |
Returns
| Median | |
|---|---|
| Name | |
| 1M Rtn | -1.5% |
| 3M Rtn | -2.4% |
| 6M Rtn | 23.1% |
| 12M Rtn | 10.6% |
| 3Y Rtn | -28.3% |
| 1M Excs Rtn | -1.5% |
| 3M Excs Rtn | -9.1% |
| 6M Excs Rtn | 8.4% |
| 12M Excs Rtn | -1.4% |
| 3Y Excs Rtn | -98.8% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 9302025 | 11072025 | 10-Q 10/3/2025 |
| 6302025 | 8082025 | 10-Q 7/4/2025 |
| 3312025 | 5092025 | 10-Q 4/4/2025 |
| 12312024 | 2282025 | 10-K 1/3/2025 |
| 9302024 | 11012024 | 10-Q 9/27/2024 |
| 6302024 | 8022024 | 10-Q 6/28/2024 |
| 3312024 | 5032024 | 10-Q 3/29/2024 |
| 12312023 | 2232024 | 10-K 12/29/2023 |
| 9302023 | 11032023 | 10-Q 9/29/2023 |
| 6302023 | 8042023 | 10-Q 6/30/2023 |
| 3312023 | 5042023 | 10-Q 3/31/2023 |
| 12312022 | 2232023 | 10-K 12/30/2022 |
| 9302022 | 11032022 | 10-Q 9/30/2022 |
| 6302022 | 8042022 | 10-Q 7/1/2022 |
| 3312022 | 5052022 | 10-Q 4/1/2022 |
| 12312021 | 2242022 | 10-K 12/31/2021 |
External Quote Links
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| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |