Fox Factory Holding (FOXF)
NASDAQ:FOXF
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Fox Factory Holding
(NASDAQ:FOXF)
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Rating:52Neutral
Price Target:
$18.00
▲(3.63% Upside)
Action:Reiterated
Date:05/12/26
FOXF scores in the low-to-mid range primarily due to weakened financial performance and loss-driven valuation (negative P/E). The score is partially supported by modestly improving near-term technicals and a cautiously constructive earnings call with reaffirmed guidance and cost-savings initiatives, though near-term margin and demand headwinds remain meaningful.
Positive Factors
Aftermarket & Dealer Expansion
Rapid dealer additions and resilient aftermarket demand bolster a higher-margin, recurring revenue channel. A deeper distribution network increases installed-base service, replacement and accessory sales, helping stabilize cashflows and margins independent of OEM cycle volatility.
Negative Factors
Persistent Net Losses
Deep negative net margins reflect operating inefficiencies and large non‑operational charges, eroding equity and long‑term returns. Until underlying operating costs or revenue mix are corrected, losses constrain reinvestment, shareholder returns, and reduce tolerance for further shocks.
Read all positive and negative factors
Positive Factors
Negative Factors
Aftermarket & Dealer Expansion
Rapid dealer additions and resilient aftermarket demand bolster a higher-margin, recurring revenue channel. A deeper distribution network increases installed-base service, replacement and accessory sales, helping stabilize cashflows and margins independent of OEM cycle volatility.
Read all positive factors
Fox Factory Holding (FOXF) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$682.72M
Dividend YieldN/A
Average Volume (3M)1.09M
Price to Earnings (P/E)―
Beta (1Y)1.32
Revenue Growth4.63%
EPS Growth-19.81%
CountryUS
Employees4,100
SectorConsumer Cyclical
Sector Strength84
IndustryAuto - Parts
Share Statistics
EPS (TTM)-7.17
Shares Outstanding41,936,134
10 Day Avg. Volume1,054,660
30 Day Avg. Volume1,090,514
Financial Highlights & Ratios
PEG Ratio<0.01
Price to Book (P/B)1.09
Price to Sales (P/S)0.50
P/FCF Ratio27.03
Enterprise Value/Market Cap1.95
Enterprise Value/Revenue0.90
Enterprise Value/Gross Profit3.07
Enterprise Value/Ebitda-8.29
Forecast
1Y Price Target
$22.00Price Target Upside26.66% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering2
EPS Forecast (FY)1.44
Revenue Forecast (FY)$1.40B
Fox Factory Holding Business Overview & Revenue Model
Company Description
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 vehi...
How the Company Makes Money
FOXF makes money primarily by selling engineered suspension and ride-dynamics products through two main channels: (1) original equipment (OE) supply and (2) aftermarket replacement and performance-upgrade sales. In the OE channel, the company supp...
Fox Factory Holding Earnings Call Summary
Earnings Call Date:May 07, 2026
(Q1-2026)
| % Change Since: |
Next Earnings Date:Jul 30, 2026
Earnings Call Sentiment Neutral
Balanced/Neutral — The company beat Q1 guidance on revenue and adjusted EBITDA, closed a planned divestiture, is executing a $50M cost savings program, and secured improved tariff treatment via Section 232 while reaffirming full‑year guidance. Offsetting these positives are real margin compression (gross margin down ~200 bps), declines in adjusted net income and EBITDA versus year‑ago, softness in SSG/Marzocchi, an aluminum supply disruption impacting AAG volumes (Q1–Q2), a near‑term $15M tariff headwind in H1, and a modest increase in debt and leverage. Management presents a credible plan to capture savings and margin expansion in the back half, so the call conveys cautious confidence but with notable near‑term challenges.Positive Updates
Revenue at High End of Guidance and Year‑over‑Year Growth
Total consolidated net sales of $368.7 million in Q1, up 3.9% year‑over‑year and reported at the high end of management's guidance range.
Negative Updates
Gross Margin Contraction
Gross margin declined to 28.9% in Q1 from 30.9% a year ago (down ~200 basis points), primarily driven by tariffs, shifts in product mix and higher steel and aluminum costs.
Read all updates
Q1-2026 Updates
Positive
Negative
Revenue at High End of Guidance and Year‑over‑Year Growth
Total consolidated net sales of $368.7 million in Q1, up 3.9% year‑over‑year and reported at the high end of management's guidance range.
Read all positive updates
Company Guidance
Fox reaffirmed its 2026 guidance, reiterating full-year net sales of $1.328–$1.416 billion and adjusted EBITDA of $174–$203 million (midpoint implying roughly a ~200 bps year‑over‑year adjusted EBITDA margin improvement), and gave Q2 guidance of $343–$365 million in net sales and $32–$40 million of adjusted EBITDA; Q1 actuals were $368.7 million of revenue and $35.7 million of adjusted EBITDA (9.7% adj. EBITDA margin), with gross margin at 28.9%, adjusted operating expenses of $85.5 million (23.2% of sales), adjusted net income of $7.4 million ($0.18/sh), capex of $5.4 million in Q1 (~1.5% of revenue) and a full‑year capex target of ~2% of revenue, a debt balance of ~$688.2 million (up ~$15 million sequentially), an expected ~ $50 million of cost savings in 2026 ($10 million carryover + ~$40 million Phase 2), an anticipated tax rate of 15–18%, and a tariff outlook that reduced the prior ~$15 million headwind to approximately neutral overall under Section 232 (ex‑Marzocchi, where the tariff fell from 22% to 10% with the P&L benefit likely phasing in later).Fox Factory Holding Financial Statement Overview
Summary
Income Statement
24
Negative
Balance Sheet
55
Neutral
Cash Flow
46
Neutral
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 1.48B | 1.47B | 1.39B | 1.46B | 1.60B | 1.30B |
| Gross Profit | 433.97M | 443.25M | 423.58M | 464.81M | 531.34M | 432.33M |
| EBITDA | -160.38M | -430.31M | 139.52M | 216.59M | 291.94M | 239.97M |
| Net Income | -299.88M | -544.58M | 6.55M | 120.85M | 205.28M | 163.82M |
Balance Sheet | ||||||
| Total Assets | 1.66B | 1.67B | 2.23B | 2.24B | 1.62B | 1.52B |
| Cash, Cash Equivalents and Short-Term Investments | 53.91M | 58.01M | 71.67M | 83.64M | 145.25M | 179.69M |
| Total Debt | 701.34M | 779.55M | 721.74M | 757.64M | 210.31M | 387.55M |
| Total Liabilities | 1.00B | 1.00B | 1.03B | 1.02B | 496.95M | 621.65M |
| Stockholders Equity | 658.76M | 670.18M | 1.20B | 1.22B | 1.12B | 894.08M |
Cash Flow | ||||||
| Free Cash Flow | 11.87M | 26.95M | 87.79M | 131.89M | 143.39M | 10.44M |
| Operating Cash Flow | 44.05M | 60.92M | 131.83M | 178.74M | 187.09M | 65.29M |
| Investing Cash Flow | -27.21M | -33.97M | -76.29M | -750.40M | -44.73M | -106.73M |
| Financing Cash Flow | -30.25M | -40.01M | -67.33M | 508.98M | -179.14M | -24.10M |
Fox Factory Holding Technical Analysis
Negative
17.37
Price Trends
16.91
Negative
17.67
Negative
20.07
Negative
Market Momentum
-0.27
Positive
44.00
Neutral
24.99
Neutral
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 17.37 is above the 20-day moving average (MA) of 17.04, above the 50-day MA of 16.91, and below the 200-day MA of 20.07, indicating a bearish trend. The MACD of -0.27 indicates Positive momentum. The RSI at 44.00 is Neutral, neither overbought nor oversold. The STOCH value of 24.99 is Neutral, 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 58 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 |
|---|---|---|---|---|---|---|---|
70 Outperform | $1.23B | 29.51 | 19.39% | ― | 12.82% | 11.76% | |
68 Neutral | $3.53B | 18.14 | 13.06% | ― | 5.04% | -10.80% | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
60 Neutral | $843.78M | 11.23 | 6.69% | 3.32% | 18.32% | 45.19% | |
59 Neutral | $1.00B | 50.25 | 3.17% | ― | 5.81% | -53.66% | |
57 Neutral | $6.92B | 23.74 | 7.93% | 4.00% | -1.37% | -24.48% | |
52 Neutral | $682.72M | -11.70 | -36.98% | ― | 4.63% | -19.81% |
* Consumer Cyclical Sector Average
FOXF
Fox Factory Holding
16.28
-8.71
-34.85%
DORM
Dorman Products
118.08
-9.49
-7.44%
LKQ
LKQ
27.15
-12.05
-30.73%
SMP
Standard Motor Products
37.90
9.06
31.42%
THRM
Gentherm
32.74
4.81
17.22%
XPEL
XPEL
44.71
8.47
23.37%
Fox Factory Holding Corporate Events
Executive/Board ChangesShareholder Meetings
Fox Factory Shareholders Endorse Directors, Auditors and Pay
Positive
May 11, 2026
Fox Factory Holding held its 2026 Annual Meeting of Stockholders on May 8, 2026, where a quorum was established with approximately 92.78% of eligible shares represented. Stockholders elected Elizabeth A. Fetter and Douglas J. Grimm as Class I dire...
Business Operations and StrategyFinancial DisclosuresM&A TransactionsPrivate Placements and Financing
Fox Factory Expands Credit Facility and Covenant Flexibility
Positive
May 7, 2026
On May 6, 2026, Fox Factory amended its credit, guaranty and security agreements, revising interest margins on SOFR and base rate loans and tightening negative covenants while temporarily expanding leverage flexibility to support its balance sheet...
Executive/Board Changes
Fox Factory Holding Expands Board, Appoints New Director
Neutral
Mar 26, 2026
On March 25, 2026, Fox Factory Holding Corp., under a previously announced cooperation agreement with Engine Capital L.P. and its affiliates dated February 8, 2026, expanded its board of directors from eight to nine members and appointed Douglas J...
Business Operations and StrategyExecutive/Board ChangesRegulatory Filings and Compliance
Fox Factory Adds Director, Forms Transformation Oversight Committee
Positive
Feb 13, 2026
Fox Factory Holding Corp. disclosed that, pursuant to a cooperation agreement with Engine Capital L.P. and its affiliates dated February 8, 2026, its board of directors voted on February 13, 2026, to expand the board from seven to eight members an...
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.