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Fox Factory Holding
(NASDAQ:FOXF)
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Rating:44Neutral
Price Target:
$14.50
▼(-31.15% Downside)
Action:Reiterated
Date:10/21/26
FOXF scores low primarily due to sharply weakened financial performance (large losses and negative free cash flow) and bearish technical momentum (trading below key moving averages with a negative MACD). A moderately positive earnings-call tone and the debt-reducing divestiture help, but are outweighed by the profitability decline and the subsequent negative preannouncement/leadership disruption.
Positive Factors
Debt Reduction and Portfolio Focus
The Wheelhouse divestiture removes exposure to the underperforming Marucci business while directing substantial proceeds toward debt reduction. Lower leverage and an expected reduction in annual interest expense should improve financial flexibility, allowing management to focus capital and execution on core performance products.
Negative Factors
Severe Profitability Deterioration
The shift from solid profits in earlier periods to substantial net and operating losses indicates that current earnings power is materially impaired. Flat-to-down revenue means the problem is primarily margin and expense pressure, making recovery dependent on sustained operational improvement rather than simple market expansion.
Read all positive and negative factors
Positive Factors
Negative Factors
Debt Reduction and Portfolio Focus
The Wheelhouse divestiture removes exposure to the underperforming Marucci business while directing substantial proceeds toward debt reduction. Lower leverage and an expected reduction in annual interest expense should improve financial flexibility, allowing management to focus capital and execution on core performance products.
Read all positive factors
Fox Factory Holding (FOXF) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$633.41M
Dividend YieldN/A
Average Volume (3M)851.72K
Price to Earnings (P/E)―
Beta (1Y)1.32
Revenue Growth1.55%
EPS Growth-18.03%
CountryUS
Employees3,700
SectorConsumer Cyclical
Sector Strength84
IndustryAuto - Parts
Share Statistics
EPS (TTM)-7.14
Shares Outstanding42,031,002
10 Day Avg. Volume1,341,911
30 Day Avg. Volume851,717
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 Cap2.08
Enterprise Value/Revenue0.90
Enterprise Value/Gross Profit3.09
Enterprise Value/Ebitda-7.01
Forecast
1Y Price Target
$18.00Price Target Upside-14.53% Downside
Rating ConsensusHold
Number of Analyst Covering4
EPS Forecast (FY)1.05
Revenue Forecast (FY)$1.38B
Fox Factory Holding Business Overview & Revenue Model
Company Description
Fox Factory Holding Corp. is a global enterprise dedicated to the design, engineering, production, and distribution of advanced ride dynamics solutions. The company's product line features sophisticated front fork and rear suspension systems for a...
How the Company Makes Money
FOXF makes money by selling suspension and ride-dynamics products through two primary channels: OEM (original equipment manufacturer) supply and the aftermarket.
1) OEM sales (B2B supply to manufacturers)
- FOXF supplies suspension components (e....
Fox Factory Holding Earnings Call Summary
Earnings Call Date:Aug 06, 2026
(Q2-2026)
| % Change Since: |
Next Earnings Date:Nov 05, 2026
Earnings Call Sentiment Positive
The call was broadly positive: second-quarter EBITDA exceeded guidance, cost savings are tracking ahead of plan, powersports is growing strongly, new product and OEM awards support future growth, and full-year revenue guidance was raised. However, the company continues to face meaningful pressure from lower year-over-year revenue, automotive supply constraints, elevated input and logistics costs, Marucci inventory cleanup, and a lower implied full-year margin range. The number and significance of the positive operating developments outweighed the stated challenges.Positive Updates
Second-Quarter Results Beat EBITDA Guidance
Second-quarter revenue was $358 million, at the high end of the guided range, while adjusted EBITDA was $45.5 million, $5 million above the high end of guidance.
Negative Updates
Year-Over-Year Revenue Decline
Consolidated second-quarter revenue decreased 4.5% year over year and 2.9% sequentially to $358 million. Management attributed the sequential step-down to portfolio optimization following the Phoenix divestiture, shipment timing, and lower F-150 volume related to aluminum supply disruption.
Read all updates
Q2-2026 Updates
Positive
Negative
Second-Quarter Results Beat EBITDA Guidance
Second-quarter revenue was $358 million, at the high end of the guided range, while adjusted EBITDA was $45.5 million, $5 million above the high end of guidance.
Read all positive updates
Company Guidance
Fox now expects full-year net sales in the range of $1.42 billion to $1.47 billion and adjusted EBITDA in the range of $176 million to $196 million, implying a full-year adjusted EBITDA margin range of approximately 12.4% to 13.3%, compared with the roughly 13.1% to 14.3% implied in February; adjusted EBITDA represents growth of approximately 5% to 16% over fiscal 25 on roughly flat revenue. Capital expenditures are expected to be approximately 2% of revenues, the full-year tax rate is expected to be in the range of 15% to 18%, and cost savings are expected to be approximately $50 million. Third-quarter net sales are expected in the range of $355 million to $380 million, adjusted EBITDA in the range of $46 million to $54 million, and adjusted EBITDA margin approximately 13% to 14%; the outlook assumes commodity freight and fuel costs remain at or near elevated levels for the balance of the year, absorbs nearly $20 million of incremental inflation beyond the original plan, approximately $15 million of which is anticipated in the second half, and excludes any recovery of as much as $8 million of additional tariff costs previously incurred.Fox Factory Holding Financial Statement Overview
Summary
Income Statement
28
Negative
Balance Sheet
56
Neutral
Cash Flow
41
Neutral
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 1.46B | 1.47B | 1.39B | 1.46B | 1.60B | 1.30B |
| Gross Profit | 426.67M | 443.25M | 423.58M | 464.81M | 531.34M | 432.33M |
| EBITDA | -187.78M | -430.31M | 139.52M | 216.59M | 291.94M | 241.65M |
| Net Income | -298.57M | -544.58M | 6.55M | 120.85M | 205.28M | 163.82M |
Balance Sheet | ||||||
| Total Assets | 1.64B | 1.67B | 2.23B | 2.24B | 1.62B | 1.52B |
| Cash, Cash Equivalents and Short-Term Investments | 61.28M | 58.01M | 71.67M | 83.64M | 145.25M | 179.69M |
| Total Debt | 680.16M | 779.55M | 721.74M | 757.64M | 210.31M | 387.55M |
| Total Liabilities | 969.63M | 1.00B | 1.03B | 1.02B | 496.95M | 621.65M |
| Stockholders Equity | 667.05M | 670.18M | 1.20B | 1.22B | 1.12B | 894.08M |
Cash Flow | ||||||
| Free Cash Flow | 12.57M | 26.95M | 87.79M | 131.89M | 143.39M | 10.44M |
| Operating Cash Flow | 36.60M | 60.92M | 131.83M | 178.74M | 187.09M | 65.29M |
| Investing Cash Flow | -13.90M | -33.97M | -76.29M | -750.40M | -44.73M | -106.73M |
| Financing Cash Flow | -40.13M | -40.01M | -67.33M | 508.98M | -179.14M | -24.10M |
Fox Factory Holding Technical Analysis
Negative
21.06
Price Trends
19.09
Negative
18.73
Negative
18.21
Negative
Market Momentum
-1.11
Positive
31.65
Neutral
14.56
Positive
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 21.06 is above the 20-day moving average (MA) of 17.49, above the 50-day MA of 19.09, and above the 200-day MA of 18.21, indicating a bearish trend. The MACD of -1.11 indicates Positive momentum. The RSI at 31.65 is Neutral, neither overbought nor oversold. The STOCH value of 14.56 is Positive, 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 | $1.19B | 21.79 | 19.15% | ― | 13.19% | 12.64% | |
66 Neutral | $3.72B | 17.25 | 14.76% | 4.50% | 3.30% | -1.80% | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
53 Neutral | $4.41B | 9.68 | 7.09% | 6.89% | -2.55% | -33.32% | |
52 Neutral | $299.15M | 28.75 | 2.30% | ― | 3.26% | ― | |
45 Neutral | $6.41M | -0.14 | -101.85% | ― | 47.63% | 46.31% | |
44 Neutral | $633.41M | -2.11 | -40.46% | ― | 1.55% | -18.03% |
* Consumer Cyclical Sector Average
FOXF
Fox Factory Holding
15.07
-9.27
-38.09%
DORM
Dorman Products
125.24
-28.51
-18.54%
LKQ
LKQ
17.42
-12.73
-42.22%
WKSP
Worksport
0.32
-2.90
-90.06%
XPEL
XPEL
43.14
7.14
19.83%
HLLY
Holley
2.49
-0.37
-12.94%
Fox Factory Holding Corporate Events
Business Operations and StrategyExecutive/Board ChangesFinancial Disclosures
Fox Factory Appoints Douglas Grimm Interim Chief Executive
Negative
Oct 16, 2026
On October 16, 2026, Fox Factory’s board executed a leadership transition, appointing independent director Douglas Grimm as interim CEO effective that day while longtime CEO Mike Dennison stepped down from his executive role and board seat. ...
Business Operations and StrategyM&A Transactions
Fox Factory Divests Wheelhouse to Focus Core Business
Positive
Sep 29, 2026
On September 25, 2026, Fox Factory, Inc. completed the divestiture of Wheelhouse Holdings Inc., parent of Marucci Sports, LLC, selling all outstanding shares to Squared Up Holdings, LLC, an investor vehicle led by Marucci senior management. The tr...
Business Operations and StrategyM&A Transactions
Fox Factory Holding Divests Wheelhouse to Cut Leverage
Positive
Sep 25, 2026
On September 25, 2026, Fox Factory Holding Corp. announced it had completed the $225 million sale of Wheelhouse Holdings Inc., parent of Marucci Sports LLC, to Squared Up Holdings LLC, an investor group led by Marucci’s senior management. Th...
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.