Fox Factory Holding (FOXF)
NASDAQ:FOXF
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Fox Factory Holding
(NASDAQ:FOXF)
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Rating:47Neutral
Price Target:
$16.50
▼(-5.01% Downside)
Action:ReiteratedDate:02/28/26
The score is held down primarily by deteriorated financial performance (large recent loss and weaker free cash flow) and a clearly bearish technical trend (price below key moving averages with negative MACD). Guidance and governance initiatives provide some support via targeted cost savings and expected margin improvement, but near-term revenue headwinds and loss-making results keep the overall profile below average.
Positive Factors
Product & OEM Wins
Securing OEM programs across motorcycles, RVs, EVs and a second Ford program builds durable, contracted OE revenue and deepens strategic customer relationships. Strong aftermarket product launches (Live Valve) support higher-margin recurring parts and service revenue, strengthening long-term revenue mix and brand leadership.
Negative Factors
Large Goodwill Impairment
A $295M goodwill write-down is a persistent signal that past acquisitions or goodwill assumptions underperformed; it permanently reduces equity and future GAAP earnings comparability. This can constrain strategic flexibility, worsen reported returns and erode investor confidence until core earnings sustainably recover.
Read all positive and negative factors
Positive Factors
Negative Factors
Product & OEM Wins
Securing OEM programs across motorcycles, RVs, EVs and a second Ford program builds durable, contracted OE revenue and deepens strategic customer relationships. Strong aftermarket product launches (Live Valve) support higher-margin recurring parts and service revenue, strengthening long-term revenue mix and brand leadership.
Read all positive factors
Fox Factory Holding (FOXF) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$706.14M
Dividend YieldN/A
Average Volume (3M)1.09M
Price to Earnings (P/E)―
Beta (1Y)1.35
Revenue Growth5.27%
EPS Growth-8399.55%
CountryUS
Employees4,100
SectorConsumer Cyclical
Sector Strength84
IndustryAuto - Parts
Share Statistics
EPS (TTM)-13.04
Shares Outstanding41,932,594
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 Cap2.07
Enterprise Value/Revenue1.00
Enterprise Value/Gross Profit3.30
Enterprise Value/Ebitda-3.40
Forecast
1Y Price Target
$21.50Price Target Upside23.78% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering2
EPS Forecast (FY)1.44
Revenue Forecast (FY)$1.42B
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
Fox 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 i...
Fox Factory Holding Earnings Call Summary
Earnings Call Date:Feb 26, 2026
(Q4-2025)
| % Change Since: |
Next Earnings Date:May 07, 2026
Earnings Call Sentiment Neutral
The call balanced clear execution actions and strategic initiatives (completed Phase 1 savings, Phase 2 cost targets, product wins, CapEx discipline and debt paydown plans) against material near-term headwinds (large goodwill impairment, lower quarter profitability, tariff impacts, Q1/H1 timing delays and a guided revenue decline for 2026). Management emphasized aggressive self-help measures and governance support to restore margins, but the company faces meaningful operational and macro pressures to navigate in the near term.Positive Updates
Full-Year and Q4 Revenue Growth
Full year sales of $1.47 billion, up 5.3% year-over-year; fourth quarter sales of $361.1 million, up 2.3% year-over-year.
Negative Updates
Large Noncash Goodwill Impairment
Recorded a noncash goodwill impairment charge of $295.2 million in Q4, reflecting share price/valuation pressure and significantly impacting GAAP operating results.
Read all updates
Q4-2025 Updates
Positive
Negative
Full-Year and Q4 Revenue Growth
Full year sales of $1.47 billion, up 5.3% year-over-year; fourth quarter sales of $361.1 million, up 2.3% year-over-year.
Read all positive updates
Company Guidance
Fox guided fiscal 2026 to full-year net sales of $1.328–$1.416 billion (midpoint ≈ -6.5% vs. FY2025’s $1.47B) and adjusted EBITDA of $174–$203 million (midpoint margin 13.7%, roughly 200 bps improvement vs. FY2025’s 11.5%), with Q1 sales expected $343–$369M and Q1 adjusted EBITDA $27–$34M; capital expenditures are targeted at ~2% of revenue (down from >3%), the tax rate at 15–18%, and management expects Phase 1 + Phase 2 cost saves of ~ $50M in 2026 (Phase 1 realized $25M in 2025 with ~$10M carryover and Phase 2 targeting ~ $40M incremental), an estimated gross tariff headwind of $30M in 2026 (mitigating ~50% and leaving ~$15M net in H1), $673.5M of year‑end debt after $13M Q4/$33M FY paydown, and a leverage ratio of 3.74 (covenant 4.5), with the company targeting improved free cash flow and accelerated debt reduction and expecting margin and EBITDA improvement to be stronger in H2.Fox Factory Holding Financial Statement Overview
Summary
Income Statement
28
Negative
Balance Sheet
55
Neutral
Cash Flow
47
Neutral
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 1.47B | 1.39B | 1.46B | 1.60B | 1.30B |
| Gross Profit | 443.25M | 423.58M | 464.81M | 531.34M | 432.33M |
| EBITDA | -430.31M | 139.52M | 216.59M | 291.94M | 239.97M |
| Net Income | -544.58M | 6.55M | 120.85M | 205.28M | 163.82M |
Balance Sheet | |||||
| Total Assets | 1.67B | 2.23B | 2.24B | 1.62B | 1.52B |
| Cash, Cash Equivalents and Short-Term Investments | 58.01M | 71.67M | 83.64M | 145.25M | 179.69M |
| Total Debt | 779.55M | 721.74M | 757.64M | 210.31M | 387.55M |
| Total Liabilities | 1.00B | 1.03B | 1.02B | 496.95M | 621.65M |
| Stockholders Equity | 670.18M | 1.20B | 1.22B | 1.12B | 894.08M |
Cash Flow | |||||
| Free Cash Flow | 26.95M | 87.79M | 131.89M | 143.39M | 10.44M |
| Operating Cash Flow | 60.92M | 131.83M | 178.74M | 187.09M | 65.29M |
| Investing Cash Flow | -33.97M | -76.29M | -750.40M | -44.73M | -106.73M |
| Financing Cash Flow | -40.01M | -67.33M | 508.98M | -179.14M | -24.10M |
Fox Factory Holding Technical Analysis
Positive
17.37
Price Trends
17.48
Negative
17.50
Negative
21.50
Negative
Market Momentum
-0.07
Negative
53.35
Neutral
58.09
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For FOXF, the sentiment is Positive. The current price of 17.37 is above the 20-day moving average (MA) of 16.85, below the 50-day MA of 17.48, and below the 200-day MA of 21.50, indicating a neutral trend. The MACD of -0.07 indicates Negative momentum. The RSI at 53.35 is Neutral, neither overbought nor oversold. The STOCH value of 58.09 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive 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 |
|---|---|---|---|---|---|---|---|
76 Outperform | $1.32B | 25.73 | 19.69% | ― | 13.27% | 12.53% | |
66 Neutral | $3.34B | 18.14 | 13.06% | ― | 5.04% | -10.80% | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
59 Neutral | $831.31M | 11.23 | 11.76% | 3.32% | 18.32% | 45.19% | |
59 Neutral | $912.35M | 50.25 | 3.17% | ― | 5.81% | -53.66% | |
57 Neutral | $7.07B | 23.74 | 7.93% | 4.00% | -1.37% | -24.48% | |
47 Neutral | $706.14M | -0.63 | -61.80% | ― | 5.27% | -8399.55% |
* Consumer Cyclical Sector Average
FOXF
Fox Factory Holding
16.84
-3.30
-16.39%
DORM
Dorman Products
110.85
-12.14
-9.87%
LKQ
LKQ
27.75
-10.22
-26.92%
SMP
Standard Motor Products
37.34
10.08
36.99%
THRM
Gentherm
29.75
4.03
15.67%
XPEL
XPEL
47.92
14.49
43.34%
Fox Factory Holding Corporate Events
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...
Business Operations and StrategyExecutive/Board Changes
Fox Factory, Engine Capital Strike Governance and Oversight Pact
Positive
Feb 9, 2026
On February 9, 2026, Fox Factory announced a strategic board refresh and a cooperation agreement with activist investor Engine Capital, following discussions aimed at boosting operational performance and profitability. The company will appoint two...
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.