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Fox Factory Holding (FOXF)
:FOXF
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Fox Factory Holding
(NASDAQ:FOXF)
Select Model
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Rating:48Neutral
Price Target:
$15.00
▼(-11.97% Downside)
Fox Factory Holding's overall stock score is primarily impacted by its financial challenges, including negative profitability and cash flow issues. The bearish technical indicators further weigh on the score. While the earnings call provided some positive highlights, the downward revision of guidance and supply chain disruptions remain significant concerns. The lack of attractive valuation metrics also contributes to the lower score.
Positive Factors
Revenue Growth
Consistent revenue growth in challenging environments indicates strong demand for Fox Factory's products and resilience in its business model.
Segment Performance
Strong performance in the Aftermarket Applications Group highlights the company's ability to capitalize on aftermarket demand, supporting long-term growth.
Debt Reduction
Effective debt reduction enhances financial flexibility and reduces interest burden, contributing to long-term financial health and stability.
Negative Factors
Supply Chain Disruption
Supply chain disruptions can lead to production delays and increased costs, affecting sales volumes and operational efficiency in the near to medium term.
Segment Underperformance
Underperformance in the Specialty Sports Group indicates potential market challenges and competitive pressures, impacting overall business growth.
Guidance Revision
Downward revision of guidance reflects ongoing macroeconomic pressures and inventory management issues, potentially affecting future financial performance.
Fox Factory Holding (FOXF) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$712.30M
Dividend YieldN/A
Average Volume (3M)1.13M
Price to Earnings (P/E)―
Beta (1Y)1.44
Revenue Growth6.23%
EPS Growth-2508.93%
CountryUS
Employees4,100
SectorConsumer Cyclical
Sector Strength84
IndustryAuto - Parts
Share Statistics
EPS (TTM)0.23
Shares Outstanding41,801,357
10 Day Avg. Volume1,077,178
30 Day Avg. Volume1,127,539
Financial Highlights & Ratios
PEG Ratio-2.03
Price to Book (P/B)1.05
Price to Sales (P/S)0.90
P/FCF Ratio14.32
Enterprise Value/Market Cap2.40
Enterprise Value/Revenue1.17
Enterprise Value/Gross Profit3.86
Enterprise Value/Ebitda-14.90
Forecast
1Y Price Target
$22.40Price Target Upside31.46% Upside
Rating ConsensusHold
Number of Analyst Covering5
EPS Forecast (FY)1.11
Revenue Forecast (FY)$1.46B
Fox Factory Holding Business Overview & Revenue Model
Company DescriptionFox Factory Holding Corp. is a leading designer and manufacturer of high-performance suspension products for bicycles, off-road vehicles, and other applications. The company operates primarily in the cycling, powersports, and automotive sectors, offering a range of products such as shocks, forks, and other suspension components that enhance performance and ride quality. Fox Factory is known for its innovative engineering and commitment to quality, serving both original equipment manufacturers (OEMs) and the aftermarket.
How the Company Makes MoneyFox Factory generates revenue through multiple channels, primarily by selling its suspension products to OEMs and the aftermarket. The company has established strong relationships with leading bicycle and off-road vehicle manufacturers, allowing it to secure contracts for supplying custom-designed products. Additionally, Fox Factory benefits from a robust aftermarket segment, where it sells directly to consumers and retailers. Key revenue streams include sales of suspension systems, components, and accessories. The company's focus on innovation and performance has led to partnerships with prominent brands, enhancing its market presence and contributing to its revenue growth. Seasonal demand in the cycling and powersports industries also plays a significant role in its earnings, as sales tend to peak during specific times of the year.
Fox Factory Holding Earnings Call Summary
Earnings Call Date:Nov 06, 2025
(Q3-2025)
| % Change Since: |
Next Earnings Date:Feb 19, 2026
Earnings Call Sentiment Neutral
The earnings call reflected a mixed performance, with positive growth in AAG and PVG segments and successful cost management efforts. However, significant challenges were noted in the SSG segment, macroeconomic pressures, and a downward revision of Q4 guidance due to supply chain disruptions and conservative inventory management by partners.Q3-2025 Updates
Positive Updates
Revenue and EBITDA Growth
Fox Factory reported net sales of $376.4 million, up 5% year-over-year, and an adjusted EBITDA of $44.4 million, up 6% year-over-year, demonstrating the company's ability to grow even in challenging environments.
AAG Segment Performance
The Aftermarket Applications Group (AAG) delivered net sales of $117.8 million, up 17.4% year-over-year, driven by growth in aftermarket components and upfitting, showcasing resilience in a challenging consumer environment.
PVG Segment Execution
The Powered Vehicles Group (PVG) achieved net sales of $125.9 million, representing 15% growth year-over-year, demonstrating strong execution and stability in the automotive OE business.
Debt Reduction and Cost Management
Fox Factory reduced debt by $17.4 million year-to-date and is on track to achieve a $25 million cost reduction target for the fiscal year.
Negative Updates
SSG Segment Underperformance
The Specialty Sports Group (SSG) delivered net sales of $132.7 million, down 11% year-over-year, with underperformance particularly noted in the Marucci business due to a softening consumer environment.
Q4 Guidance Revision
Fox Factory revised its Q4 guidance downwards, with expected net sales in the range of $340 million to $370 million, citing challenges in the macro environment and conservative inventory approaches by OEMs and channel partners.
Impact of Aluminum Supplier Fire
A fire at a major aluminum supplier disrupted supply chains, impacting PVG and AAG sales volumes for Q4 and likely into Q1.
Challenges in Marucci and Victus
Despite new product launches, Marucci faced challenges due to broader macro concerns and distribution channel shifts, impacting growth and margins.
Company Guidance
During Fox Factory Holding Corp.'s third quarter earnings call for 2025, the company provided guidance reflecting a challenging macroeconomic environment. Net sales for Q3 reached $376.4 million, a 5% increase year-over-year, while adjusted EBITDA was $44.4 million, up 6% from the previous year. However, challenges within the Specialty Sports Group (SSG), especially in the Marucci segment, led to a revised outlook. The company anticipates fourth-quarter net sales between $340 million and $370 million, citing issues such as inventory reductions by channel partners and supply chain disruptions from a fire at a major aluminum supplier. The full-year 2025 guidance was adjusted to $1.445 billion to $1.475 billion in net sales, with adjusted earnings per diluted share expected to fall between $0.92 and $1.12. Despite these challenges, Fox Factory remains focused on strategic initiatives like footprint consolidation and portfolio optimization to drive future growth and margin expansion.Fox Factory Holding Financial Statement Overview
Summary
Fox Factory Holding faces significant financial challenges, with negative profitability and cash flow issues. While the company has low leverage, its operational inefficiencies and declining cash flow growth pose risks. Stability in gross profit margins and a solid equity base provide some resilience, but overall financial health is concerning.Income Statement
Fox Factory Holding's income statement shows a challenging period with a negative net profit margin of -17.66% in the TTM, indicating significant losses. The gross profit margin remains stable at around 30%, but the EBIT and EBITDA margins are negative, reflecting operational inefficiencies. Revenue growth is positive at 1.20% TTM, but the company has experienced fluctuating growth rates in recent years, suggesting instability.45
Neutral
Balance Sheet
The balance sheet indicates a relatively low debt-to-equity ratio of 0.025 in the TTM, suggesting low leverage. However, the return on equity is negative at -25.42%, highlighting poor profitability. The equity ratio is not explicitly calculated, but the company maintains a solid equity base relative to its assets, indicating some financial stability.60
Neutral
Cash Flow
Cash flow analysis reveals a decline in free cash flow growth by -6.67% TTM, indicating cash flow challenges. The operating cash flow to net income ratio is 0.49, suggesting moderate cash generation relative to earnings. The free cash flow to net income ratio is 0.69, showing some ability to convert earnings into cash, but overall cash flow performance is weak.55
Neutral
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 1.46B | 1.39B | 1.46B | 1.60B | 1.30B | 890.55M |
| Gross Profit | 443.10M | 423.58M | 464.81M | 531.34M | 432.33M | 289.55M |
| EBITDA | -114.73M | 139.52M | 216.59M | 291.94M | 239.97M | 147.75M |
| Net Income | -257.73M | 6.55M | 120.85M | 205.28M | 163.82M | 90.67M |
Balance Sheet | ||||||
| Total Assets | 1.97B | 2.23B | 2.24B | 1.62B | 1.52B | 1.29B |
| Cash, Cash Equivalents and Short-Term Investments | 65.37M | 71.67M | 83.64M | 145.25M | 179.69M | 245.76M |
| Total Debt | 687.65M | 721.74M | 757.64M | 210.31M | 387.55M | 421.25M |
| Total Liabilities | 1.02B | 1.03B | 1.02B | 496.95M | 621.65M | 567.39M |
| Stockholders Equity | 955.97M | 1.20B | 1.22B | 1.12B | 894.08M | 719.17M |
Cash Flow | ||||||
| Free Cash Flow | 85.26M | 87.79M | 131.89M | 143.39M | 10.44M | 25.97M |
| Operating Cash Flow | 124.38M | 131.83M | 178.74M | 187.09M | 65.29M | 82.72M |
| Investing Cash Flow | -60.98M | -76.29M | -750.40M | -44.73M | -106.73M | -388.52M |
| Financing Cash Flow | -87.13M | -67.33M | 508.98M | -179.14M | -24.10M | 506.72M |
Fox Factory Holding Technical Analysis
Negative
17.04
Price Trends
19.20
Negative
23.70
Negative
24.14
Negative
Market Momentum
-0.57
Negative
51.44
Neutral
91.80
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For FOXF, the sentiment is Negative. The current price of 17.04 is above the 20-day moving average (MA) of 15.18, below the 50-day MA of 19.20, and below the 200-day MA of 24.14, indicating a neutral trend. The MACD of -0.57 indicates Negative momentum. The RSI at 51.44 is Neutral, neither overbought nor oversold. The STOCH value of 91.80 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for FOXF.
Fox Factory Holding Risk Analysis
Fox Factory Holding disclosed 64 risk factors in its most recent earnings report. Fox Factory Holding reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Fox Factory Holding Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
78 Outperform | $1.40B | 29.98 | 19.14% | ― | 10.29% | -3.90% | |
75 Outperform | $3.91B | 15.93 | 18.19% | ― | 7.94% | 34.84% | |
74 Outperform | $1.13B | 37.26 | 4.44% | ― | -0.10% | -53.49% | |
66 Neutral | $7.93B | 11.50 | 10.87% | 3.87% | -3.71% | -0.27% | |
65 Neutral | $835.75M | 12.37 | 10.49% | 3.26% | 23.96% | 11.01% | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
48 Neutral | $712.30M | ― | -23.94% | ― | 6.23% | -2508.93% |
* Consumer Cyclical Sector Average
FOXF
Fox Factory Holding
17.04
-12.65
-42.61%
DORM
Dorman Products
128.01
-8.91
-6.51%
LKQ
LKQ
30.99
-4.89
-13.63%
SMP
Standard Motor Products
37.99
5.90
18.39%
THRM
Gentherm
36.92
-3.23
-8.04%
XPEL
XPEL
50.51
6.54
14.87%
Fox Factory Holding Corporate Events
Regulatory Filings and Compliance
Fox Factory Holding Files SEC Corporate Update
Neutral
Oct 28, 2025
Fox Factory Holding has made a filing with the SEC, indicating a corporate action or update. The details of this filing may have implications for the company’s operations or stakeholder interests.
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.