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Fox Factory Holding Corp. (FOXF) Fundamental Analysis & AI Grade 2026

FOXF Nasdaq Motorcycles, Bicycles & Parts DE CIK: 0001424929
Update Pending • Analysis: May 9, 2026 • SEC Data: 2026-04-03
Combined AI Grade
D
88% Confidence
STRONG AGREEMENT
D
87% Conf
D
89% Conf

📊 FOXF Key Takeaways

Revenue: $368.7M
Net Margin: -4.1%
Free Cash Flow: $-21.5M
Current Ratio: 2.99x
Debt/Equity: 0.78x
EPS: $-0.36
AI Grade: D with 87% confidence
Fox Factory Holding Corp. (FOXF) receives a D fundamental grade with 88% confidence from our AI analysis based on SEC 10-K filings. With revenue of $368.7M, net profit margin of -4.1%, and return on equity (ROE) of -2.3%, Fox Factory Holding Corp. demonstrates mixed fundamentals in the Market sector. Below is our complete FOXF stock analysis for 2026.

Is Fox Factory Holding Corp. (FOXF) a Good Investment?

Claude

FOX Factory is fundamentally deteriorating despite 5.3% revenue growth, with negative operating cash flow (-$16.1M), negative free cash flow (-$21.5M), and an interest coverage ratio of 0.5x indicating inability to service $512.2M in debt from operations. The company is unprofitable ($15M net loss) with operating margins collapsed to 1.6%, suggesting structural issues in operations or margins that cannot be reversed through revenue growth alone.

ChatGPT

FOXF shows weak core fundamentals despite modest revenue growth, with deeply negative operating and net margins indicating severe earnings deterioration. While liquidity is still adequate and free cash flow remains positive, leverage is meaningful relative to impaired profitability, making the current growth profile low quality and financially fragile.

Fox Factory Holding Corp. Key Strengths (FOXF)

Claude
  • + Gross margin of 28.9% indicates pricing power and product-market fit in core business
  • + Strong liquidity position with 2.99x current ratio provides short-term buffer
  • + Moderate leverage at 0.78x debt/equity maintains some financial flexibility
ChatGPT
  • + Revenue is still growing modestly year over year, indicating demand has not collapsed
  • + Liquidity appears solid with a 2.86x current ratio and 1.37x quick ratio
  • + Operating cash flow and free cash flow remain positive, providing some financial flexibility

FOXF Stock Risks: Fox Factory Holding Corp. Investment Risks

Claude
  • ! Negative operating cash flow (-$16.1M) indicates cash burn from core operations, not temporary
  • ! Interest coverage of 0.5x means company cannot service debt from operating income; existential solvency risk
  • ! Free cash flow of -$21.5M combined with $53.9M cash creates 2-3 year runway until financial crisis if trends continue
  • ! Operating margin collapse to 1.6% despite revenue growth signals cost structure breakdown or margin pressure that revenue cannot overcome
ChatGPT
  • ! Operating and net losses are extreme, with -35.6% operating margin and -37.1% net margin
  • ! Returns on equity and assets are deeply negative, showing poor capital efficiency
  • ! Debt burden is harder to support with negative interest coverage and over $523M of long-term debt

Key Metrics to Watch

Claude
  • * Operating cash flow trend (critical: must return positive)
  • * Interest coverage ratio improvement toward >1.5x minimum
  • * Operating margin recovery from 1.6% floor
  • * Cash balance depletion rate and debt refinancing needs
ChatGPT
  • * Operating margin recovery and whether losses normalize materially
  • * Free cash flow generation relative to debt service and interest coverage

Fox Factory Holding Corp. (FOXF) Financial Metrics & Key Ratios

Revenue
$368.7M
Net Income
$-15.0M
EPS (Diluted)
$-0.36
Free Cash Flow
$-21.5M
Total Assets
$1.7B
Cash Position
$53.9M

💡 AI Analyst Insight

Strong liquidity with a 2.99x current ratio provides a solid financial cushion.

FOXF Profit Margin, ROE & Profitability Analysis

Gross Margin 28.9%
Operating Margin 1.6%
Net Margin -4.1%
ROE -2.3%
ROA -0.9%
FCF Margin -5.8%

FOXF vs Market Sector: How Fox Factory Holding Corp. Compares

How Fox Factory Holding Corp. compares to Market sector averages

Net Margin
FOXF -4.1%
vs
Sector Avg 12.0%
FOXF Sector
ROE
FOXF -2.3%
vs
Sector Avg 15.0%
FOXF Sector
Current Ratio
FOXF 3.0x
vs
Sector Avg 1.8x
FOXF Sector
Debt/Equity
FOXF 0.8x
vs
Sector Avg 0.7x
FOXF Sector

Sector benchmarks are approximate industry averages. Actual sector performance may vary.

Is Fox Factory Holding Corp. Stock Overvalued? FOXF Valuation Analysis 2026

Based on fundamental analysis, Fox Factory Holding Corp. shows some fundamental concerns relative to the Market sector in 2026.

Return on Equity
-2.3%
Sector avg: 15%
Net Profit Margin
-4.1%
Sector avg: 12%
Revenue Growth
N/A
Year-over-year
Debt/Equity
0.78x
Sector avg: 0.7x

Note: This is a fundamental analysis based on SEC filings. For P/E ratio, price targets, and market-based valuation, consult financial data providers. This is not investment advice.

Fox Factory Holding Corp. Balance Sheet: FOXF Debt, Cash & Liquidity

Current Ratio
2.99x
Quick Ratio
1.52x
Debt/Equity
0.78x
Debt/Assets
60.4%
Interest Coverage
0.50x
Long-term Debt
$512.2M

FOXF Revenue & Earnings Growth: 5-Year Financial Trend

FOXF 5-year financial data: Year 2021: Revenue $1.3B, Net Income $93.0M, EPS $2.38. Year 2022: Revenue $1.6B, Net Income $90.7M, EPS $2.22. Year 2023: Revenue $1.6B, Net Income $163.8M, EPS $3.87. Year 2024: Revenue $1.6B, Net Income $205.3M, EPS $4.84. Year 2025: Revenue $1.5B, Net Income $120.8M, EPS $2.85.
Revenue
Net Income
EPS (right axis)

5-Year Trend Summary: Fox Factory Holding Corp.'s revenue has grown significantly by 13% over the 5-year period, indicating strong business expansion. The most recent EPS of $2.85 reflects profitable operations.

FOXF Revenue Growth, EPS Growth & YoY Performance

Revenue Growth
N/A
Year-over-year
Net Income Growth
N/A
Year-over-year
EPS Growth
N/A
Earnings per share
FCF Margin
-5.8%
Free cash flow / Revenue

FOXF Quarterly Earnings & Performance

Quarterly financial performance data for Fox Factory Holding Corp. including revenue, net income, and earnings per share.
Quarter Revenue Net Income EPS
Q1 2026 $355.0M -$15.0M $-0.36
Q3 2025 $359.1M -$634.0K $-0.02
Q2 2025 $348.5M $1.9M $0.05
Q1 2025 $333.5M -$3.5M $-0.08
Q3 2024 $331.1M -$3.5M $0.11
Q2 2024 $348.5M $1.9M $0.05
Q1 2024 $333.5M -$3.5M $-0.08
Q3 2023 $331.1M $35.3M $0.83

Data sourced from SEC EDGAR 10-Q quarterly filings. Figures may represent quarterly or cumulative values.

Fox Factory Holding Corp. Dividends, Buybacks & Capital Allocation

Operating Cash Flow
-$16.1M
Cash generated from operations
Capital Expenditures
$5.4M
Investment in assets
Dividends
None
No dividend program

FOXF SEC Filings: Latest 10-K & 10-Q Analysis

Access official SEC EDGAR filings for Fox Factory Holding Corp. (CIK: 0001424929)

📋 Recent SEC Filings

Date Form Document Action
May 12, 2026 4 xslF345X06/wk-form4_1778616317.xml View →
May 12, 2026 4 xslF345X06/wk-form4_1778616307.xml View →
May 12, 2026 4 xslF345X06/wk-form4_1778616283.xml View →
May 12, 2026 4 xslF345X06/wk-form4_1778616263.xml View →
May 12, 2026 4 xslF345X06/wk-form4_1778616244.xml View →

Frequently Asked Questions about FOXF

What is the AI rating for FOXF?

Fox Factory Holding Corp. (FOXF) has a Combined AI Grade of D from Claude (D) and ChatGPT (D) with 88% combined confidence, based on fundamental analysis of SEC EDGAR filings.

What are FOXF's key strengths?

Claude: Gross margin of 28.9% indicates pricing power and product-market fit in core business. Strong liquidity position with 2.99x current ratio provides short-term buffer. ChatGPT: Revenue is still growing modestly year over year, indicating demand has not collapsed. Liquidity appears solid with a 2.86x current ratio and 1.37x quick ratio.

What are the risks of investing in FOXF?

Claude: Negative operating cash flow (-$16.1M) indicates cash burn from core operations, not temporary. Interest coverage of 0.5x means company cannot service debt from operating income; existential solvency risk. ChatGPT: Operating and net losses are extreme, with -35.6% operating margin and -37.1% net margin. Returns on equity and assets are deeply negative, showing poor capital efficiency.

What is FOXF's revenue and growth?

Fox Factory Holding Corp. reported revenue of $368.7M.

Does FOXF pay dividends?

Fox Factory Holding Corp. does not currently pay dividends.

Where can I find FOXF SEC filings?

Official SEC filings for Fox Factory Holding Corp. (CIK: 0001424929) including 10-K, 10-Q, and 8-K reports are available on SEC EDGAR.

What is FOXF's EPS?

Fox Factory Holding Corp. has a diluted EPS of $-0.36.

How is the AI analysis conducted?

Two independent AI systems — Claude (Anthropic) and ChatGPT (OpenAI) — analyze SEC EDGAR filings including 10-K annual reports and 10-Q quarterly reports. Each AI evaluates financial health, profitability ratios, balance sheet strength, and growth metrics. The combined grade reflects both perspectives for balanced insights.

What is FOXF's fundamental grade?

Based on our AI fundamental analysis in June 2026, Fox Factory Holding Corp. has a D grade with 88% confidence. Review the strengths and risks sections above for full context. This is not investment advice.

Is FOXF stock overvalued or undervalued?

Valuation metrics for FOXF: ROE of -2.3% (sector avg: 15%), net margin of -4.1% (sector avg: 12%). Compare these metrics with sector averages to assess valuation.

What is FOXF's AI grade for 2026?

Our dual AI analysis gives Fox Factory Holding Corp. a combined D grade for 2026. Revenue is data pending, with profitability at or below sector average. Always conduct your own research.

What is FOXF's free cash flow?

Fox Factory Holding Corp.'s operating cash flow is $-16.1M, with capital expenditures of $5.4M. FCF margin is -5.8%.

How does FOXF compare to other Market stocks?

Vs Default sector averages: Net margin -4.1% (avg: 12%), ROE -2.3% (avg: 15%), current ratio 2.99 (avg: 1.8).

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Disclaimer: This analysis is generated by Claude AI (Anthropic) and ChatGPT (OpenAI) based on publicly available SEC EDGAR filings. It does not include stock price data and should not be considered financial advice. All fundamental data is sourced from SEC public domain filings. Always conduct your own research and consult with a qualified financial advisor before making investment decisions.
Data Source: SEC EDGAR | Analysis Date: May 9, 2026 | Data as of: 2026-04-03 | Powered by Claude AI