Fox Factory (FOXF)
Market Price (5/24/2026): $16.28 | Market Cap: $681.5 MilSector: Consumer Discretionary | Industry: Automotive Parts & Equipment
Fox Factory (FOXF)
Market Price (5/24/2026): $16.28Market Cap: $681.5 MilSector: Consumer DiscretionaryIndustry: Automotive Parts & Equipment
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
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 -106%, 3Y Excs Rtn is -163% | Debt is significantNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 95% Weak revenue growthRev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -2.7% 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 -48% Key risksFOXF key risks include [1] sharp demand volatility in its bicycle division, Show more. |
| 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 -106%, 3Y Excs Rtn is -163% |
| Debt is significantNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 95% |
| Weak revenue growthRev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -2.7% |
| 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 -48% |
| Key risksFOXF key risks include [1] sharp demand volatility in its bicycle division, Show more. |
Qualitative Assessment
AI Analysis | Feedback
Fox Factory (FOXF) stock has lost about 10% since 1/31/2026 because of the following key factors:
1. Fox Factory reported a significant net loss for Q4 fiscal 2025 and provided cautious full-year 2026 guidance.
On February 26, 2026, the company announced a net loss of $287.0 million, or $6.86 per diluted share, for the fourth quarter of fiscal 2025, largely due to a $295.2 million non-cash goodwill impairment charge. Adjusted earnings per diluted share for Q4 2025 were $0.20, a decrease from $0.31 in the prior year period. Management introduced fiscal 2026 adjusted EBITDA guidance of $174 million to $203 million, which implies approximately 200 basis points of margin improvement at the midpoint on projected negative revenue growth, with net sales expected to be between $1.328 billion and $1.416 billion.
2. Persistent margin compression due to tariffs and product mix shifts impacted profitability.
Gross margin for Q4 fiscal 2025 decreased to 28.3% from 28.9% in the prior year, attributed to shifts in product line mix and the impact of tariffs. This trend continued into Q1 fiscal 2026, where gross margin was 28.9% compared to 30.9% in the first quarter of fiscal 2025, primarily due to the unmitigated impact of tariffs and product mix. Adjusted EBITDA margin also declined to 9.7% in Q1 2026 from 11.2% in the prior year period. The company anticipates a net tariff headwind of approximately $15 million in the first half of 2026.
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1. Fox Factory reported a significant net loss for Q4 fiscal 2025 and provided cautious full-year 2026 guidance.
On February 26, 2026, the company announced a net loss of $287.0 million, or $6.86 per diluted share, for the fourth quarter of fiscal 2025, largely due to a $295.2 million non-cash goodwill impairment charge. Adjusted earnings per diluted share for Q4 2025 were $0.20, a decrease from $0.31 in the prior year period. Management introduced fiscal 2026 adjusted EBITDA guidance of $174 million to $203 million, which implies approximately 200 basis points of margin improvement at the midpoint on projected negative revenue growth, with net sales expected to be between $1.328 billion and $1.416 billion.
2. Persistent margin compression due to tariffs and product mix shifts impacted profitability.
Gross margin for Q4 fiscal 2025 decreased to 28.3% from 28.9% in the prior year, attributed to shifts in product line mix and the impact of tariffs. This trend continued into Q1 fiscal 2026, where gross margin was 28.9% compared to 30.9% in the first quarter of fiscal 2025, primarily due to the unmitigated impact of tariffs and product mix. Adjusted EBITDA margin also declined to 9.7% in Q1 2026 from 11.2% in the prior year period. The company anticipates a net tariff headwind of approximately $15 million in the first half of 2026.
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Stock Movement Drivers
Fundamental Drivers
The -11.5% change in FOXF stock from 1/31/2026 to 5/23/2026 was primarily driven by a -12.7% change in the company's P/S Multiple.| (LTM values as of) | 1312026 | 5232026 | Change |
|---|---|---|---|
| Stock Price ($) | 18.40 | 16.28 | -11.5% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 1,459 | 1,481 | 1.5% |
| P/S Multiple | 0.5 | 0.5 | -12.7% |
| Shares Outstanding (Mil) | 42 | 42 | -0.1% |
| Cumulative Contribution | -11.5% |
Market Drivers
1/31/2026 to 5/23/2026| Return | Correlation | |
|---|---|---|
| FOXF | -11.5% | |
| Market (SPY) | 8.1% | 44.4% |
| Sector (XLY) | -1.4% | 47.8% |
Fundamental Drivers
The -26.4% change in FOXF stock from 10/31/2025 to 5/23/2026 was primarily driven by a -28.2% change in the company's P/S Multiple.| (LTM values as of) | 10312025 | 5232026 | Change |
|---|---|---|---|
| Stock Price ($) | 22.11 | 16.28 | -26.4% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 1,442 | 1,481 | 2.7% |
| P/S Multiple | 0.6 | 0.5 | -28.2% |
| Shares Outstanding (Mil) | 42 | 42 | -0.2% |
| Cumulative Contribution | -26.4% |
Market Drivers
10/31/2025 to 5/23/2026| Return | Correlation | |
|---|---|---|
| FOXF | -26.4% | |
| Market (SPY) | 9.9% | 31.5% |
| Sector (XLY) | -0.3% | 36.3% |
Fundamental Drivers
The -19.8% change in FOXF stock from 4/30/2025 to 5/23/2026 was primarily driven by a -24.3% change in the company's P/S Multiple.| (LTM values as of) | 4302025 | 5232026 | Change |
|---|---|---|---|
| Stock Price ($) | 20.31 | 16.28 | -19.8% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 1,394 | 1,481 | 6.2% |
| P/S Multiple | 0.6 | 0.5 | -24.3% |
| Shares Outstanding (Mil) | 42 | 42 | -0.4% |
| Cumulative Contribution | -19.8% |
Market Drivers
4/30/2025 to 5/23/2026| Return | Correlation | |
|---|---|---|
| FOXF | -19.8% | |
| Market (SPY) | 36.0% | 36.4% |
| Sector (XLY) | 21.8% | 41.4% |
Fundamental Drivers
The -85.3% change in FOXF stock from 4/30/2023 to 5/23/2026 was primarily driven by a -84.3% change in the company's P/S Multiple.| (LTM values as of) | 4302023 | 5232026 | Change |
|---|---|---|---|
| Stock Price ($) | 110.87 | 16.28 | -85.3% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 1,602 | 1,481 | -7.6% |
| P/S Multiple | 2.9 | 0.5 | -84.3% |
| Shares Outstanding (Mil) | 42 | 42 | 1.0% |
| Cumulative Contribution | -85.3% |
Market Drivers
4/30/2023 to 5/23/2026| Return | Correlation | |
|---|---|---|
| FOXF | -85.3% | |
| Market (SPY) | 86.3% | 41.3% |
| Sector (XLY) | 65.2% | 44.7% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| FOXF Return | 61% | -46% | -26% | -55% | -43% | -5% | -85% |
| Peers Return | 31% | -24% | 30% | -13% | 15% | -10% | 16% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | 9% | 98% |
Monthly Win Rates [3] | |||||||
| FOXF Win Rate | 67% | 33% | 42% | 42% | 42% | 40% | |
| Peers Win Rate | 58% | 42% | 42% | 45% | 50% | 44% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 60% | |
Max Drawdowns [4] | |||||||
| FOXF Max Drawdown | -18% | -59% | -56% | -58% | -57% | -23% | |
| Peers Max Drawdown | -19% | -40% | -37% | -33% | -35% | -33% | |
| S&P 500 Max Drawdown | -5% | -25% | -10% | -8% | -19% | -9% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: PII, BC, GPC, DORM, HLLY.
[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] 2026 data is for the year up to 5/22/2026 (YTD)
How Low Can It Go
| Event | FOXF | S&P 500 |
|---|---|---|
| 2025 US Tariff Shock | ||
| % Loss | -31.5% | -18.8% |
| % Gain to Breakeven | 46.0% | 23.1% |
| Time to Breakeven | 62 days | 79 days |
| 2020 COVID-19 Crash | ||
| % Loss | -49.7% | -33.7% |
| % Gain to Breakeven | 98.8% | 50.9% |
| Time to Breakeven | 55 days | 140 days |
| Q4 2018 Fed Policy Error / Growth Scare | ||
| % Loss | -25.8% | -19.2% |
| % Gain to Breakeven | 34.9% | 23.8% |
| Time to Breakeven | 9 days | 105 days |
| 2015-2016 China Devaluation / Global Growth Scare | ||
| % Loss | -10.5% | -12.2% |
| % Gain to Breakeven | 11.7% | 13.9% |
| Time to Breakeven | 35 days | 62 days |
| 2014-2016 Oil Price Collapse | ||
| % Loss | -11.2% | -6.8% |
| % Gain to Breakeven | 12.6% | 7.3% |
| Time to Breakeven | 20 days | 15 days |
| 2013 Taper Tantrum | ||
| % Loss | -16.7% | -0.2% |
| % Gain to Breakeven | 20.1% | 0.2% |
| Time to Breakeven | 47 days | 1 days |
In The Past
Fox Factory's stock fell -31.5% during the 2025 US Tariff Shock. Such a loss loss requires a 46.0% gain to breakeven.
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Asset Allocation
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| Event | FOXF | S&P 500 |
|---|---|---|
| 2025 US Tariff Shock | ||
| % Loss | -31.5% | -18.8% |
| % Gain to Breakeven | 46.0% | 23.1% |
| Time to Breakeven | 62 days | 79 days |
| 2020 COVID-19 Crash | ||
| % Loss | -49.7% | -33.7% |
| % Gain to Breakeven | 98.8% | 50.9% |
| Time to Breakeven | 55 days | 140 days |
| Q4 2018 Fed Policy Error / Growth Scare | ||
| % Loss | -25.8% | -19.2% |
| % Gain to Breakeven | 34.9% | 23.8% |
| Time to Breakeven | 9 days | 105 days |
In The Past
Fox Factory's stock fell -31.5% during the 2025 US Tariff Shock. Such a loss loss requires a 46.0% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth.
Asset Allocation
Actively managed asset allocation strategies protect wealth. Learn more.
About Fox Factory (FOXF)
Fox Factory Holding Corp. designs, engineers, manufactures, and markets ride dynamics products worldwide. The company offers mid-end and high-end front fork and rear suspension products for mountain bikes, road bikes, and e-bikes; and powered vehicle products for side-by-side vehicles, on-road vehicles with and without off-road capabilities, off-road vehicles and trucks, all-terrain vehicles, snowmobiles, and specialty vehicles and applications, such as military, motorcycles, and commercial trucks. It also provides mountain and road bike wheels, and other performance cycling components, including cranks, chain rings, pedals, bars, stems, and seat posts, as well as sells aftermarket products to dealers and distributors. The company offers powered vehicles under the FOX, BDS Suspension, Zone Offroad, JKS Manufacturing, RT Pro UTV, 4x4 Posi-Lok, Ridetech, Tuscany, Outside Van, and SCA brands; and mountain bikes and road bikes under the FOX, Race Face, Easton Cycling, and Marzocchi brands. Fox Factory Holding Corp. was incorporated in 2007 and is headquartered in Duluth, Georgia.
AI Analysis | Feedback
Fox Factory is like the Brembo for vehicle suspensions, known for high-performance ride components.
Fox Factory is like the Yeti for vehicle performance, crafting premium suspension and components for enthusiasts.
AI Analysis | Feedback
- Bicycle Suspension Products: Mid-end and high-end front forks and rear shocks designed for mountain bikes, road bikes, and e-bikes.
- Powered Vehicle Suspension Products: Suspension systems for a diverse range of vehicles, including side-by-side vehicles, trucks, ATVs, snowmobiles, and various specialty and commercial applications.
- Performance Cycling Components: A range of cycling parts beyond suspension, such as mountain and road bike wheels, cranks, chain rings, pedals, handlebars, stems, and seat posts.
AI Analysis | Feedback
Fox Factory Holding Corp. (FOXF) primarily operates as a business-to-business (B2B) company, supplying components and finished products to other manufacturers, dealers, and distributors. Based on its company description, Fox Factory's major customers fall into two primary categories: 1. **Original Equipment Manufacturers (OEMs) in the Bicycle Industry:** These are companies that build mountain bikes, road bikes, and e-bikes, incorporating Fox Factory's forks, rear suspensions, wheels, and other performance cycling components into their finished products. While Fox Factory's regulatory filings indicate that no single customer accounts for more than 10% of their consolidated net sales, illustrating a diversified customer base, significant customers in this category would include:- Giant Manufacturing Co. Ltd. (GIANTGROUP.TW)
- Specialized Bicycle Components (private)
- Trek Bicycle Corporation (private)
- Other high-end bicycle brands
- Polaris Inc. (PII)
- BRP Inc. (DOO.TO)
- Ford Motor Company (F) for specific performance off-road vehicle models (e.g., Raptor, Bronco)
- Stellantis N.V. (STLA) for certain Jeep models
- Toyota Motor Corporation (TM) for specific TRD Pro models
- Various other specialty vehicle and aftermarket suspension companies.
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Michael C. Dennison, Chief Executive Officer
Mr. Dennison joined Fox Factory Holding Corp. in August 2018 as President of the Powered Vehicles Group and was appointed Chief Executive Officer in June 2019. He has also served as a director since February 2018. Prior to joining FOX, Mr. Dennison held senior leadership roles at Flex Ltd. (NASDAQ: FLEX), including President and Chief Marketing Officer, and led procurement and global supply chain divisions. He previously served as Regional Director at Arrow Electronics. Additionally, he has served as a board member for Solo Brands since 2022 and as Chairman of the K&N Filters Board since 2024.
Dennis Schemm, Chief Financial Officer and President, Aftermarket Applications Group
Mr. Schemm was appointed Chief Financial Officer of Fox Factory Holding Corp. effective June 12, 2023. He has over 25 years of finance experience, encompassing financial risk management, controllership, global financial planning and analysis, treasury, audit, capital allocation strategies, and mergers and acquisitions. Before his tenure at FOX, he served as Senior Vice President and Chief Financial Officer at Trex for three years. From 2015 to 2020, he was Senior Vice President, Chief Financial Officer, and Commercial Lead, Joint Compound Division at Continental Building Products, which was subsequently acquired by Saint-Gobain. Effective August 1, 2024, Mr. Schemm also assumed the role of President of the Aftermarket Applications Group, while continuing his responsibilities as CFO.
Toby D. Merchant, Chief Legal Officer, Chief Compliance Officer and Secretary
Mr. Merchant joined Fox Factory Holding Corp. in April 2021 as its inaugural Chief Legal Officer and Secretary, and was named Chief Compliance Officer in August 2021. Before joining FOX, he served as Chief Operating Officer and General Counsel for McKenna & Associates, LLC, a boutique advisory firm. Prior to that, he was a partner at Squire Patton Boggs (US) LLP from October 2006 to November 2019, specializing in corporate and financial services practice groups.
Brendan Enick, Chief Accounting Officer and Treasurer
Mr. Enick joined Fox Factory Holding Corp. in May 2023 as its first Chief Accounting Officer. He is responsible for financial stewardship, strategic capital allocation, mergers and acquisitions, and audits. Prior to FOX (starting in 2019), he was Vice President of Finance and Corporate Controller at Carters Inc (NASDAQ: CRI). His previous experience includes various accounting and finance roles at Novelis (NYSE: NVL) from 2012, and at Ernst & Young. As of August 1, 2024, he also holds the position of Treasurer.
Janet Wong, Chief Human Resources Officer
Ms. Wong serves as the Chief Human Resources Officer for Fox Factory Holding Corp.
AI Analysis | Feedback
The key risks to Fox Factory Holding Corp. (FOXF) largely revolve around the cyclical nature of its markets, global supply chain challenges, and recent financial performance issues.
- Exposure to Macroeconomic Conditions and Discretionary Spending: Fox Factory operates in high-performance, enthusiast-driven segments of the market, including high-end mountain bike suspension and powered vehicle components. Demand for these products is highly sensitive to overall economic uncertainty, consumer confidence, and the cost of capital. Economic downturns or sustained high interest rates can lead to reduced discretionary spending, directly impacting the company's sales and potentially resulting in inventory management challenges across its distribution channels. This sensitivity has contributed to earnings volatility and softened consumer markets.
- Supply Chain Volatility, Tariffs, and Cost Pressures: The company faces ongoing challenges related to its global manufacturing and supply chains. These include risks of component shortages, spikes in logistics costs, and the significant impact of tariffs. For example, tariffs were projected to be a substantial headwind, directly affecting the cost of goods sold. Management has cited ongoing tariff impacts and temporary aluminum supply disruptions as factors affecting performance. While Fox Factory has implemented mitigation strategies like cost reductions and supply chain optimization, these external factors continue to exert pressure on margins.
- Recent Financial Performance and Debt Levels: Fox Factory has reported significant net losses in recent periods, including a net loss of $544.6 million for fiscal year 2025. This financial underperformance, coupled with weak interest coverage, raises concerns about the company's ability to service its debt obligations, which stood at a net debt of approximately $622.3 million as of October 2025. Despite ongoing cost optimization plans and efforts to improve margins, the persistence of these losses indicates meaningful pressure on the income statement and challenges to achieving projected profitability.
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Fox Factory Holding Corp. operates in several addressable markets for its ride dynamics products and performance cycling components across various regions.
Bicycle Products
- Mountain Bike Suspension: The global mountain bike suspension market was valued at approximately USD 3.2 billion in 2023 and is projected to reach around USD 5.6 billion by 2032.
- North America's mountain bike suspension market is expected to reach USD 1.5 billion by 2032.
- The European market for mountain bike suspensions is projected to reach USD 1.2 billion by 2032.
- Asia-Pacific was the largest market for mountain bike suspensions in 2024, capturing approximately 45% of the global share.
- Bicycle Components (including Road Bike and E-bike Suspension, Wheels, and other Performance Cycling Components): The global bicycle components market is projected to reach US$ 23.7 billion by 2034, growing from US$ 12.35 billion in 2024.
- The dedicated global bicycle components market is expected to reach US$ 15.8 billion to US$ 25.3 billion by 2030-2032.
- North America is a significant market for bicycle components, holding approximately 40% of the global share, with the United States accounting for 74.3% of the regional market.
- Asia-Pacific accounts for more than 59% of the global bicycle and components market revenue.
Powered Vehicle Products
- Off-Road Vehicle Shock Absorbers (including Side-by-Side, Off-Road Vehicles/Trucks, All-Terrain Vehicles (ATV), and Snowmobiles): The global off-road vehicle shock absorber market was valued at USD 17.3 billion in 2023 and is estimated to reach USD 30.7 billion by 2032.
- The UTV (Utility Task Vehicle) segment alone accounted for approximately 50% of the off-road vehicle shock absorber market in 2023.
- ATV Coilover Shocks: The global ATV coilover shock market was estimated at USD 719.51 million in 2025 and is expected to reach USD 1,146.87 million by 2032.
- Motorcycle Suspension Systems: The global motorcycle suspension system market was valued at USD 860.68 million in 2024 and is expected to reach USD 1382.18 million by 2032.
- Another projection indicates the global motorcycle suspension system market will reach USD 1,988.3 million by 2025 and grow to USD 3,147.4 million by 2035.
- Snowmobile Suspension Components: Suspension components are a segment of the global snowmobile parts market, which was USD 7.31 million in 2023 and is likely to reach USD 8.57 million by 2032. The overall global snowmobile market was valued at USD 1.7 billion in 2023, expected to reach USD 2.7 billion by 2033.
- 4x4 Vehicles Parts and Accessories (including Suspension Systems): The global 4X4 vehicles parts and accessories market is estimated to be valued at USD 8.1 billion in 2025 and is projected to reach USD 14.7 billion by 2035.
AI Analysis | Feedback
Fox Factory Holding Corp. (FOXF) is anticipating several key drivers for future revenue growth over the next two to three years, despite an expected near-term decline in overall net sales in 2026 due to strategic divestitures and market rationalization. The company's focus remains on rebuilding profitability and establishing a stronger foundation for sustained growth in its core markets.
The primary drivers of future revenue growth for Fox Factory include:
- Expansion into autonomous mobility and performance off-road markets with new EV brand partnerships: Fox Factory has already secured early revenue from two significant electric vehicle (EV) brands in the autonomous mobility and performance off-road sectors. Full production from these partnerships is expected to substantially support revenue growth in 2027 and beyond.
- Continued strong demand and growth within the Aftermarket Applications Group (AAG): The AAG segment has demonstrated robust performance, with net sales increasing in the fourth quarter of fiscal 2025. This growth was driven by consistent demand across Custom Wheel House, Sport Truck, and Ridetech products, indicating ongoing strength in their aftermarket vehicle components.
- New product development and innovation across core product categories: Fox Factory is actively investing in research and development, as well as sales and marketing, to foster future growth and product innovation. This commitment to developing new and enhanced suspension products for mountain bikes, road bikes, e-bikes, and various powered vehicles is expected to drive new sales.
- Enhanced focus and market penetration within core, higher-margin product categories: As part of a multi-phase profit optimization plan, Fox Factory is divesting non-core, lower-margin businesses and rationalizing its product lines. This strategic shift aims to create a simpler, higher-margin portfolio, allowing the company to concentrate resources on its most profitable and high-potential product categories in the powersports and bicycle markets, ultimately leading to increased sales and market share in these focused areas.
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Here is a summary of Fox Factory's capital allocation decisions over the last 3-5 years:Share Repurchases
- On November 1, 2023, Fox Factory's Board of Directors authorized a share repurchase plan for up to $300 million of its common stock.
- This share repurchase program is scheduled to expire on November 1, 2028.
- During the three months ended March 29, 2024, the company repurchased approximately 378,000 shares for $25 million at an average price of $66.03.
Share Issuance
- Between January 3, 2025, and October 3, 2025, Fox Factory issued 117,000 shares of common stock, increasing issued shares from 42,574,000 to 42,691,000.
- In February 2026, the CFO received 14,341 shares from a performance award, and the CEO received 34,479 performance-based shares.
- On March 11, 2026, the Chief Accounting Officer was granted 9,696 restricted stock units as a compensation-based equity grant.
Outbound Investments
- Fox Factory has a strategy to grow through acquisitions and intends to selectively evaluate additional acquisitions.
Capital Expenditures
- Capital expenditures were $57 million in 2021, $53 million in 2022, $44 million in 2023, $49 million in 2024, and $34 million in 2025.
- The average capital expenditures for fiscal years ending January 2021 to 2025 was approximately $49.237 million.
- Capital expenditures are expected to be approximately 2% of revenues for the full year 2026, with the company indicating a reduction in CapEx spending as part of profit optimization initiatives.
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| 04022026 | SKY | Champion Homes | 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 | 3.1% | 3.1% | -1.2% |
| 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
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Wealth Management
Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 74.39 |
| Mkt Cap | 3.7 |
| Rev LTM | 3,835 |
| Op Inc LTM | 197 |
| FCF LTM | 116 |
| FCF 3Y Avg | 181 |
| CFO LTM | 222 |
| CFO 3Y Avg | 344 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 4.7% |
| Rev Chg 3Y Avg | -2.7% |
| Rev Chg Q | 5.5% |
| QoQ Delta Rev Chg LTM | 1.3% |
| Op Inc Chg LTM | -13.7% |
| Op Inc Chg 3Y Avg | -20.4% |
| Op Mgn LTM | 5.3% |
| Op Mgn 3Y Avg | 7.0% |
| QoQ Delta Op Mgn LTM | -0.2% |
| CFO/Rev LTM | 4.8% |
| CFO/Rev 3Y Avg | 9.4% |
| FCF/Rev LTM | 2.7% |
| FCF/Rev 3Y Avg | 6.5% |
Valuation
| Median | |
|---|---|
| Name | |
| Mkt Cap | 3.7 |
| P/S | 0.5 |
| P/Op Inc | 13.6 |
| P/EBIT | 0.6 |
| P/E | 5.2 |
| P/CFO | 12.5 |
| Total Yield | 2.1% |
| Dividend Yield | 1.1% |
| FCF Yield 3Y Avg | 6.3% |
| D/E | 0.5 |
| Net D/E | 0.5 |
Returns
| Median | |
|---|---|
| Name | |
| 1M Rtn | -2.0% |
| 3M Rtn | -12.6% |
| 6M Rtn | -0.6% |
| 12M Rtn | 10.9% |
| 3Y Rtn | -27.4% |
| 1M Excs Rtn | -7.2% |
| 3M Excs Rtn | -20.2% |
| 6M Excs Rtn | -10.9% |
| 12M Excs Rtn | -17.8% |
| 3Y Excs Rtn | -108.0% |
Price Behavior
Price Behavior
| Market Price | $16.28 | |
| Market Cap ($ Bil) | 0.7 | |
| First Trading Date | 08/08/2013 | |
| Distance from 52W High | -46.5% | |
| 50 Days | 200 Days | |
| DMA Price | $16.91 | $20.07 |
| DMA Trend | down | down |
| Distance from DMA | -3.7% | -18.9% |
| 3M | 1YR | |
| Volatility | 51.4% | 52.0% |
| Downside Capture | 198.89 | 134.76 |
| Upside Capture | 69.49 | 46.82 |
| Correlation (SPY) | 41.1% | 33.2% |
FOXF Betas & Captures as of 4/30/2026
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | 1.33 | 1.31 | 1.59 | 1.39 | 1.57 | 1.47 |
| Up Beta | 2.39 | 1.75 | 1.80 | 2.20 | 2.38 | 1.88 |
| Down Beta | -0.24 | 1.70 | 1.96 | 1.93 | 2.22 | 1.44 |
| Up Capture | 17% | 95% | 115% | 42% | 56% | 35% |
| Bmk +ve Days | 15 | 22 | 31 | 66 | 141 | 428 |
| Stock +ve Days | 11 | 21 | 31 | 69 | 131 | 372 |
| Down Capture | -92% | 112% | 162% | 119% | 117% | 110% |
| Bmk -ve Days | 4 | 18 | 30 | 56 | 108 | 321 |
| Stock -ve Days | 11 | 22 | 33 | 56 | 119 | 379 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with FOXF | |
|---|---|---|---|---|
| FOXF | -30.9% | 51.8% | -0.52 | - |
| Sector ETF (XLY) | 13.6% | 18.2% | 0.56 | 37.7% |
| Equity (SPY) | 29.5% | 12.0% | 1.86 | 33.2% |
| Gold (GLD) | 35.5% | 26.8% | 1.11 | 2.3% |
| Commodities (DBC) | 42.9% | 18.7% | 1.77 | -15.1% |
| Real Estate (VNQ) | 15.2% | 13.1% | 0.82 | 33.0% |
| Bitcoin (BTCUSD) | -31.3% | 41.8% | -0.78 | 16.4% |
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Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with FOXF | |
|---|---|---|---|---|
| FOXF | -36.1% | 50.6% | -0.70 | - |
| Sector ETF (XLY) | 7.8% | 23.7% | 0.29 | 51.4% |
| Equity (SPY) | 14.0% | 17.0% | 0.64 | 49.5% |
| Gold (GLD) | 18.8% | 18.0% | 0.85 | 5.6% |
| Commodities (DBC) | 10.4% | 19.4% | 0.42 | 8.6% |
| Real Estate (VNQ) | 3.8% | 18.8% | 0.10 | 43.5% |
| Bitcoin (BTCUSD) | 11.6% | 55.3% | 0.41 | 22.0% |
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Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with FOXF | |
|---|---|---|---|---|
| FOXF | 0.4% | 48.4% | 0.20 | - |
| Sector ETF (XLY) | 13.0% | 22.0% | 0.54 | 53.0% |
| Equity (SPY) | 15.7% | 17.9% | 0.75 | 51.0% |
| Gold (GLD) | 13.0% | 16.0% | 0.67 | 3.7% |
| Commodities (DBC) | 7.8% | 17.9% | 0.35 | 15.2% |
| Real Estate (VNQ) | 5.5% | 20.7% | 0.23 | 40.8% |
| Bitcoin (BTCUSD) | 66.7% | 66.9% | 1.06 | 16.5% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Earnings Returns History
Expand for More| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 5/7/2026 | -4.1% | -13.0% | |
| 2/26/2026 | -8.3% | -4.6% | -8.2% |
| 11/6/2025 | -25.5% | -35.7% | -25.4% |
| 8/7/2025 | -6.7% | -1.4% | -1.7% |
| 5/8/2025 | 11.4% | 20.7% | 27.8% |
| 2/27/2025 | 8.8% | 5.1% | -4.8% |
| 10/31/2024 | -5.5% | -1.5% | -8.5% |
| 8/1/2024 | -16.3% | -18.6% | -18.3% |
| ... | |||
| SUMMARY STATS | |||
| # Positive | 10 | 9 | 7 |
| # Negative | 13 | 14 | 15 |
| Median Positive | 9.0% | 12.4% | 15.4% |
| Median Negative | -8.3% | -7.4% | -8.2% |
| Max Positive | 12.2% | 21.4% | 34.9% |
| Max Negative | -27.2% | -35.7% | -25.4% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 03/31/2026 | 05/08/2026 | 10-Q |
| 12/31/2025 | 02/27/2026 | 10-K |
| 09/30/2025 | 11/07/2025 | 10-Q |
| 06/30/2025 | 08/08/2025 | 10-Q |
| 03/31/2025 | 05/09/2025 | 10-Q |
| 12/31/2024 | 02/28/2025 | 10-K |
| 09/30/2024 | 11/01/2024 | 10-Q |
| 06/30/2024 | 08/02/2024 | 10-Q |
| 03/31/2024 | 05/03/2024 | 10-Q |
| 12/31/2023 | 02/23/2024 | 10-K |
| 09/30/2023 | 11/03/2023 | 10-Q |
| 06/30/2023 | 08/04/2023 | 10-Q |
| 03/31/2023 | 05/04/2023 | 10-Q |
| 12/31/2022 | 02/23/2023 | 10-K |
| 09/30/2022 | 11/03/2022 | 10-Q |
| 06/30/2022 | 08/04/2022 | 10-Q |
Recent Forward Guidance [BETA]
Latest: Q1 2026 Earnings Reported 5/7/2026
| Forward Guidance | Guidance Change | ||||||
|---|---|---|---|---|---|---|---|
| Metric | Low | Mid | High | % Chg | % Delta | Change | Prior |
| Q2 2026 Revenue | 343.00 Mil | 354.00 Mil | 365.00 Mil | -0.6% | Lowered | Guidance: 356.00 Mil for Q1 2026 | |
| Q2 2026 Adjusted EBITDA | 32.00 Mil | 36.00 Mil | 40.00 Mil | 18.0% | Raised | Guidance: 30.50 Mil for Q1 2026 | |
| 2026 Revenue | 1.33 Bil | 1.37 Bil | 1.42 Bil | 0 | Affirmed | Guidance: 1.37 Bil for 2026 | |
| 2026 Adjusted EBITDA | 174.00 Mil | 188.50 Mil | 203.00 Mil | 0 | Affirmed | Guidance: 188.50 Mil for 2026 | |
| 2026 Cost Savings | 50.00 Mil | 25.0% | Raised | Guidance: 40.00 Mil for 2026 | |||
Prior: Q4 2025 Earnings Reported 2/26/2026
| Forward Guidance | Guidance Change | ||||||
|---|---|---|---|---|---|---|---|
| Metric | Low | Mid | High | % Chg | % Delta | Change | Prior |
| Q1 2026 Revenue | 343.00 Mil | 356.00 Mil | 369.00 Mil | 0.3% | Higher New | Guidance: 355.00 Mil for Q4 2025 | |
| Q1 2026 Adjusted EBITDA | 27.00 Mil | 30.50 Mil | 34.00 Mil | ||||
| 2026 Revenue | 1.33 Bil | 1.37 Bil | 1.42 Bil | -6.0% | Lower New | Guidance: 1.46 Bil for 2025 | |
| 2026 Adjusted EBITDA | 174.00 Mil | 188.50 Mil | 203.00 Mil | ||||
| 2026 Profit Optimization Savings | 40.00 Mil | ||||||
Insider Activity
Expand for More| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Dennison, Michael C | Chief Executive Officer | Direct | Buy | 11172025 | 14.20 | 22,000 | 312,321 | 3,503,473 | Form |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
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