Income Statement Fox Factory Holding Corp.

Equities

FOXF

US35138V1026

Auto, Truck & Motorcycle Parts

Market Closed - Nasdaq Other stock markets 16:00:00 2025-07-17 EDT			5-day change	1st Jan Change
25.85 ^USD	+1.25%		-10.68%	-14.60%

06-30	Fox Factory Holding Corp.(NasdaqGS:FOXF) added to Russell 3000 Growth Index	CI
06-30	Fox Factory Holding Corp.(NasdaqGS:FOXF) added to Russell 2000 Growth-Defensive Index	CI

e7a20abb65cb44.TQZvhmaBzPySOQzWyIkOCuESl-ELPkFhBQDWoaGEI8g.HGkE8z7Io7j8Umu0hMdZXIZ17dVyBixVYFrn0fDydZ94MSW0U6z0s90Jaw

Published financial data: FOX FACTORY HOLDING CORP.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: January	2020	2021	2022	2023	2024
Revenues	891M	1.3B	1.6B	1.46B	1.39B
Total Revenues	891M	1.3B	1.6B	1.46B	1.39B
Cost of Goods Sold, Total	601M	867M	1.07B	986M	966M
Gross Profit	290M	432M	531M	478M	428M
Selling General & Admin Expenses, Total	109M	168M	207M	221M	259M
R&D Expenses	34.29M	46.57M	56.2M	53.18M	60.31M
Amortization of Goodwill and Intangible Assets - (IS)	17.58M	20.68M	21.54M	26.51M	44.53M
Other Operating Expenses, Total	161M	235M	285M	301M	364M
Operating Income	128M	197M	247M	177M	63.83M
Interest Expense, Total	-9.29M	-8.16M	-8.94M	-19.32M	-54.94M
Net Interest Expenses	-9.29M	-8.16M	-8.94M	-19.32M	-54.94M
Currency Exchange Gains (Loss)	-396K	-455K	-3.38M	-1.46M	-1.81M
Other Non Operating Income (Expenses)	71K	84K	-617K	-643K	95K
EBT, Excl. Unusual Items	119M	188M	234M	156M	7.17M
Merger & Related Restructuring Charges	-14.1M	-	-	-17.14M	-6.16M
Impairment of Goodwill	-	-	-	-	-
Gain (Loss) On Sale Of Assets	-	-	-	-	-
Legal Settlements	-	-	-	-	-
Other Unusual Items	-	-	-	-	-
EBT, Incl. Unusual Items	105M	188M	234M	139M	1.01M
Income Tax Expense	12.78M	24.56M	28.49M	17.82M	-5.5M
Earnings From Continuing Operations	91.75M	164M	205M	121M	6.51M
Net Income to Company	91.75M	164M	205M	121M	6.51M
Minority Interest	-1.07M	-	-	-	38K
Net Income - (IS)	90.67M	164M	205M	121M	6.55M
Net Income to Common Incl Extra Items	90.67M	164M	205M	121M	6.55M
Net Income to Common Excl. Extra Items	90.67M	164M	205M	121M	6.55M
Per Share Items
Net EPS - Basic	2.25	3.9	4.86	2.86	0.16
Basic EPS - Continuing Operations	2.25	3.9	4.86	2.86	0.16
Basic Weighted Average Shares Outstanding	40.23M	42.02M	42.23M	42.3M	41.68M
Net EPS - Diluted	2.22	3.87	4.84	2.85	0.16
Diluted EPS - Continuing Operations	2.22	3.87	4.84	2.85	0.16
Diluted Weighted Average Shares Outstanding	40.8M	42.37M	42.38M	42.43M	41.72M
Normalized Basic EPS	1.82	2.8	3.46	2.3	0.11
Normalized Diluted EPS	1.79	2.78	3.45	2.29	0.11
Supplemental Items
EBITDA	160M	240M	292M	233M	143M
EBITA	146M	218M	268M	204M	108M
EBIT	128M	197M	247M	177M	63.83M
EBITDAR	168M	250M	307M	252M	169M
Effective Tax Rate - (Ratio)	12.23	13.04	12.19	12.85	-543.48
Current Domestic Taxes	19.65M	30.56M	37.99M	19.83M	13.03M
Current Foreign Taxes	8.04M	8.62M	11.96M	5.85M	4.65M
Total Current Taxes	27.69M	39.18M	49.96M	25.68M	17.68M
Deferred Domestic Taxes	-14.22M	-14.47M	-20.28M	-7.48M	-23.15M
Deferred Foreign Taxes	-694K	-144K	-1.19M	-389K	-30K
Total Deferred Taxes	-14.91M	-14.61M	-21.47M	-7.86M	-23.18M
Normalized Net Income	73.07M	118M	146M	97.37M	4.52M
Interest on Long-Term Debt	9.29M	8.16M	12.93M	19.32M	54.94M
Supplemental Operating Expense Items
Advertising Expense	2.19M	2.74M	4.81M	6.72M	10.7M
Selling and Marketing Expenses	52.21M	70.92M	90.8M	100M	121M
General and Administrative Expenses	57.21M	97.24M	116M	120M	138M
Research And Development Expense From Footnotes	36.54M	49.06M	59.99M	56.1M	64.26M
Net Rental Expense, Total	8.14M	10.25M	14.85M	19.5M	25.91M
Imputed Operating Lease Interest Expense	2.47M	1.64M	3.34M	5.81M	14.53M
Imputed Operating Lease Depreciation	5.67M	8.6M	11.5M	13.69M	11.38M
Stock-Based Comp., COGS (Total)	625K	710K	957K	1.18M	1.12M
Stock-Based Comp., R&D Exp. (Total)	788K	944K	946K	1.18M	1.2M
Stock-Based Comp., S&M Exp. (Total)	635K	803K	924K	1.5M	1.3M
Stock-Based Comp., G&A Exp. (Total)	6.57M	11.46M	13.52M	12.61M	5.98M
Total Stock-Based Compensation	8.62M	13.91M	16.35M	16.46M	9.61M

Fiscal Period: January	2020	2021	2022	2023	2024
Assets
Cash And Equivalents	246M	180M	145M	83.64M	71.67M
Total Cash And Short Term Investments	246M	180M	145M	83.64M	71.67M
Accounts Receivable, Total	121M	142M	200M	171M	166M
Total Receivables	121M	142M	200M	171M	166M
Inventory	127M	280M	351M	372M	405M
Prepaid Expenses	-	-	-	-	-
Other Current Assets, Total	87.92M	123M	101M	142M	85.44M
Total Current Assets	582M	725M	798M	768M	728M
Gross Property Plant And Equipment	248M	310M	343M	443M	510M
Accumulated Depreciation	-58.74M	-79.27M	-93.09M	-121M	-160M
Net Property Plant And Equipment	189M	231M	250M	322M	350M
Long-term Investments	-	3.58M	5.09M	3.39M	5.68M
Goodwill	289M	323M	324M	637M	640M
Other Intangibles, Total	204M	197M	179M	483M	449M
Deferred Tax Assets Long-Term	19.36M	35M	57.34M	21.3M	44.36M
Other Long-Term Assets, Total	1.95M	1.4M	4.97M	8.13M	15.8M
Total Assets	1.29B	1.52B	1.62B	2.24B	2.23B
Liabilities
Accounts Payable, Total	92.4M	99.98M	131M	104M	144M
Accrued Expenses, Total	30.66M	50.23M	59.64M	47.54M	43.81M
Current Portion of Long-Term Debt	12.5M	17.5M	-	-	24.29M
Current Portion of Leases	6.75M	9.1M	10.31M	14.12M	16.68M
Current Income Taxes Payable	7.6M	34.84M	40.7M	21.74M	9.34M
Other Current Liabilities	15.48M	18.21M	17.07M	20M	21.59M
Total Current Liabilities	165M	230M	259M	208M	260M
Long-Term Debt	378M	361M	200M	744M	681M
Long-Term Leases	19.12M	28.92M	37.1M	69.24M	88.17M
Other Non Current Liabilities	4.88M	1.91M	963K	222K	2.44M
Total Liabilities	567M	622M	497M	1.02B	1.03B
Common Stock, Total	42K	42K	42K	42K	42K
Additional Paid In Capital	337M	344M	356M	348M	339M
Retained Earnings	395M	559M	764M	878M	875M
Treasury Stock	-13.75M	-13.75M	-13.75M	-13.75M	-13.75M
Comprehensive Income and Other	1.07M	4.88M	14.78M	9.04M	224K
Total Common Equity	719M	894M	1.12B	1.22B	1.2B
Minority Interest	-	-	-	-	-38K
Total Equity	719M	894M	1.12B	1.22B	1.2B
Total Liabilities And Equity	1.29B	1.52B	1.62B	2.24B	2.23B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	41.8M	42.12M	42.27M	41.95M	41.68M
ECS Total Common Shares Outstanding	41.8M	42.12M	42.27M	41.95M	41.68M
Book Value / Share	17.2	21.23	26.53	29.12	28.82
Tangible Book Value	225M	374M	618M	102M	113M
Tangible Book Value Per Share	5.39	8.87	14.63	2.43	2.71
Total Debt	416M	416M	247M	827M	810M
Net Debt	171M	237M	102M	743M	738M
Debt Equivalent Oper. Leases	65.1M	81.97M	119M	156M	207M
Minority Interest, Total (Incl. Fin. Div)	-	-	-	-	-38K
Account Code - Inventory Valuation	3	3	3	3	3
Inventories - Raw Materials, Total	87.5M	200M	247M	218M	245M
Inventories - Work In Process, Total	5.31M	7.54M	9.96M	8.81M	16.52M
Inventories - Finished Goods, Total	34.28M	71.84M	93.22M	145M	143M
Land - (BS)	9.7M	15.66M	14.49M	14.69M	15.52M
Buildings, Total	75.75M	72.09M	73.59M	78M	82.22M
Machinery, Total	102M	135M	157M	192M	229M
Full Time Employees	3K	4.1K	4.4K	4.3K	4.1K
Accumulated Allowance for Doubtful Accounts (Supple)	663K	410K	443K	1.16M	1.85M
Order Backlog	128M	224M	117M	30.7M	-

Fiscal Period: January	2020	2021	2022	2023	2024
Net Income	90.67M	164M	205M	121M	6.55M
Depreciation & Amortization - CF	14.09M	21.93M	23.92M	29.18M	35.09M
Amortization of Goodwill and Intangible Assets - (CF)	17.58M	20.68M	21.54M	26.51M	44.53M
Depreciation & Amortization, Total	31.68M	42.62M	45.46M	55.69M	79.62M
Amortization of Deferred Charges, Total - (CF)	3.79M	4.12M	6.8M	3.82M	7.7M
(Gain) Loss From Sale Of Asset	-	-	-1.74M	1.49M	341K
Stock-Based Compensation (CF)	8.62M	13.91M	16.35M	16.46M	9.61M
Tax Benefit from Stock Options	-	-	-	-	-
Provision and Write-off of Bad Debts	-	-	-	-	-
Other Operating Activities, Total	-13M	-17.1M	-21.62M	7.07M	-13.54M
Change In Accounts Receivable	-18.77M	-20.23M	-63.96M	64.53M	10.37M
Change In Inventories	7.88M	-147M	-78.54M	31.61M	-26.5M
Change In Accounts Payable	25.89M	10.3M	40.49M	-44.03M	23.23M
Change In Income Taxes	1.19M	26.79M	8.72M	-19.09M	-11.17M
Change in Other Net Operating Assets	-55.23M	-12.42M	29.86M	-59.66M	45.63M
Cash from Operations	82.72M	65.29M	187M	179M	132M
Capital Expenditure	-56.74M	-54.85M	-43.7M	-46.85M	-44.04M
Sale of Property, Plant, and Equipment	-	-	3.18M	-	-
Cash Acquisitions	-332M	-51.88M	-714K	-701M	-25.78M
Other Investing Activities, Total	-250K	-	-3.5M	-2.43M	-6.46M
Cash from Investing	-389M	-107M	-44.74M	-750M	-76.29M
Long-Term Debt Issued, Total	618M	37.93M	602M	794M	389M
Total Debt Issued	618M	37.93M	602M	794M	389M
Long-Term Debt Repaid, Total	-298M	-50.43M	-787M	-250M	-425M
Total Debt Repaid	-298M	-50.43M	-787M	-250M	-425M
Issuance of Common Stock	198M	-	-	-	-
Repurchase of Common Stock	-4.34M	-7.05M	-4.23M	-31.2M	-27.61M
Other Financing Activities, Total	-6.56M	-4.55M	9.57M	-3.35M	-3.43M
Cash from Financing	507M	-24.1M	-179M	509M	-67.33M
Foreign Exchange Rate Adjustments	1.12M	-541K	2.35M	1.07M	-185K
Net Change in Cash	202M	-66.08M	-34.44M	-61.61M	-11.97M
Supplemental Items
Cash Interest Paid	7.17M	6.38M	9.92M	21.15M	57M
Cash Income Tax Paid (Refund)	26.23M	14.98M	37.49M	44.66M	29.16M
Levered Free Cash Flow	24.13M	-27.87M	111M	40.68M	112M
Unlevered Free Cash Flow	28.39M	-24.4M	114M	51.85M	143M
Change In Net Working Capital	37.56M	152M	62.13M	87.13M	-53.78M
Net Debt Issued / Repaid	319M	-12.5M	-184M	544M	-36.29M

Fiscal Period: January	2020	2021	2022	2023	2024
Profitability
Return on Assets	8.46	8.78	9.84	5.74	1.78
Return on Total Capital	9.73	10.14	11.63	6.55	2
Return On Equity %	15.86	20.31	20.37	10.31	0.54
Return on Common Equity	15.89	20.31	20.37	10.31	0.54
Margin Analysis
Gross Profit Margin %	32.51	33.28	33.16	32.63	30.71
SG&A Margin	12.29	12.95	12.91	15.09	18.61
EBITDA Margin %	17.96	18.44	18.23	15.91	10.29
EBITA Margin %	16.38	16.75	16.74	13.91	7.77
EBIT Margin %	14.4	15.16	15.39	12.1	4.58
Income From Continuing Operations Margin %	10.3	12.61	12.81	8.25	0.47
Net Income Margin %	10.18	12.61	12.81	8.25	0.47
Net Avail. For Common Margin %	10.18	12.61	12.81	8.25	0.47
Normalized Net Income Margin	8.21	9.06	9.12	6.65	0.32
Levered Free Cash Flow Margin	2.71	-2.15	6.95	2.78	8.05
Unlevered Free Cash Flow Margin	3.19	-1.88	7.11	3.54	10.24
Asset Turnover
Asset Turnover	0.94	0.93	1.02	0.76	0.62
Fixed Assets Turnover	5.65	6.18	6.66	5.12	4.15
Receivables Turnover (Average Receivables)	8.37	9.87	9.36	7.88	8.28
Inventory Turnover (Average Inventory)	4.7	4.26	3.4	2.73	2.49
Short Term Liquidity
Current Ratio	3.52	3.15	3.08	3.7	2.8
Quick Ratio	2.22	1.4	1.34	1.23	0.91
Operating Cash Flow to Current Liabilities	0.5	0.28	0.72	0.86	0.51
Days Sales Outstanding (Average Receivables)	43.49	36.88	38.9	46.18	44.83
Days Outstanding Inventory (Average Inventory)	77.4	85.45	107.12	133.31	149.15
Average Days Payable Outstanding	44.79	34.35	36.84	42.5	46.1
Cash Conversion Cycle (Average Days)	76.11	87.98	109.18	136.98	147.88
Long Term Solvency
Total Debt/Equity	57.9	46.58	22.06	67.68	67.43
Total Debt / Total Capital	36.67	31.78	18.08	40.36	40.27
LT Debt/Equity	55.22	43.61	21.14	66.52	64.02
Long-Term Debt / Total Capital	34.97	29.75	17.32	39.67	38.24
Total Liabilities / Total Assets	44.1	41.01	30.71	45.51	46.19
EBIT / Interest Expense	13.8	24.13	27.6	9.17	1.16
EBITDA / Interest Expense	18.08	30.6	34.34	13.06	3.08
(EBITDA - Capex) / Interest Expense	11.98	23.88	29.45	10.64	2.28
Total Debt / EBITDA	2.48	1.67	0.81	3.28	4.78
Net Debt / EBITDA	1.02	0.95	0.33	2.94	4.36
Total Debt / (EBITDA - Capex)	3.74	2.14	0.94	4.02	6.46
Net Debt / (EBITDA - Capex)	1.53	1.21	0.39	3.62	5.89
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	18.58	45.87	23.36	-8.63	-4.8
Gross Profit, 1 Yr. Growth %	19.29	49.31	22.9	-10.07	-10.41
EBITDA, 1 Yr. Growth %	23.86	49.78	22.83	-20.28	-37.58
EBITA, 1 Yr. Growth %	21.78	49.21	23.27	-24.05	-45.99
EBIT, 1 Yr. Growth %	13.08	53.54	25.28	-28.16	-63.34
Earnings From Cont. Operations, 1 Yr. Growth %	-2.88	78.56	25.31	-41.13	-94.61
Net Income, 1 Yr. Growth %	-2.54	80.67	25.31	-41.13	-94.58
Normalized Net Income, 1 Yr. Growth %	9.4	61.13	24.09	-33.35	-95.27
Diluted EPS Before Extra, 1 Yr. Growth %	-6.72	74.32	25.06	-41.12	-94.49
Accounts Receivable, 1 Yr. Growth %	32.26	17.2	41.12	-14.66	-3.06
Inventory, 1 Yr. Growth %	-1.1	120.19	25.29	6.05	8.85
Net Property, Plant and Equip., 1 Yr. Growth %	50.52	21.81	8.47	28.44	8.99
Total Assets, 1 Yr. Growth %	111.15	17.81	6.77	38.56	-0.45
Tangible Book Value, 1 Yr. Growth %	-8.67	65.87	65.46	-83.53	10.76
Common Equity, 1 Yr. Growth %	70.34	24.32	25.42	8.95	-1.68
Cash From Operations, 1 Yr. Growth %	10.54	-21.07	196.11	-4.46	-26.24
Capital Expenditures, 1 Yr. Growth %	6.01	-3.34	-20.32	7.21	-6
Levered Free Cash Flow, 1 Yr. Growth %	1.41K	-215.5	-476.87	-63.47	189.74
Unlevered Free Cash Flow, 1 Yr. Growth %	733.64	-185.93	-536.88	-54.49	186.19
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	19.92	31.52	34.14	6.17	-6.73
Gross Profit, 2 Yr. CAGR %	18.7	33.46	35.47	5.13	-10.24
EBITDA, 2 Yr. CAGR %	21.62	36.21	36.67	-1.04	-29.93
EBITA, 2 Yr. CAGR %	20.4	34.8	37.29	-3.24	-36.44
EBIT, 2 Yr. CAGR %	16.48	31.77	40.64	-5.13	-49.14
Earnings From Cont. Operations, 2 Yr. CAGR %	3.67	31.68	49.58	-14.11	-82.19
Net Income, 2 Yr. CAGR %	3.87	32.7	50.46	-14.11	-82.14
Normalized Net Income, 2 Yr. CAGR %	14.76	32.77	43.58	-9.06	-82.42
Diluted EPS Before Extra, 2 Yr. CAGR %	1.38	27.52	47.65	-14.18	-81.98
Accounts Receivable, 2 Yr. CAGR %	23.95	24.5	28.6	9.74	-9.04
Inventory, 2 Yr. CAGR %	8.91	47.57	66.1	15.27	7.44
Net Property, Plant and Equip., 2 Yr. CAGR %	71	35.41	14.95	18.04	18.32
Total Assets, 2 Yr. CAGR %	62.83	57.72	12.16	21.63	17.45
Tangible Book Value, 2 Yr. CAGR %	23.23	23.08	65.67	-47.8	-57.29
Common Equity, 2 Yr. CAGR %	49.63	45.52	24.87	16.9	3.5
Cash From Operations, 2 Yr. CAGR %	12.47	-6.59	50.59	68.19	-16.06
Capital Expenditures, 2 Yr. CAGR %	37.07	1.23	-12.24	-7.57	0.39
Levered Free Cash Flow, 2 Yr. CAGR %	8	318.15	125.37	17.33	0.38
Unlevered Free Cash Flow, 2 Yr. CAGR %	12.78	167.64	108.57	41	11.95
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	23.25	28.01	28.74	18.03	2.38
Gross Profit, 3 Yr. CAGR %	23.29	28.14	29.84	18.17	-0.33
EBITDA, 3 Yr. CAGR %	26.45	30.36	31.28	14.19	-15.51
EBITA, 3 Yr. CAGR %	26.31	29.33	30.84	12.7	-20.74
EBIT, 3 Yr. CAGR %	22.72	27.71	29.57	12.42	-31.31
Earnings From Cont. Operations, 3 Yr. CAGR %	28.56	24.27	29.52	9.62	-65.87
Net Income, 3 Yr. CAGR %	28.11	24.92	30.19	10.05	-65.81
Normalized Net Income, 3 Yr. CAGR %	20.67	28.51	29.81	11.17	-66.27
Diluted EPS Before Extra, 3 Yr. CAGR %	25.99	21.46	26.69	8.68	-65.63
Accounts Receivable, 3 Yr. CAGR %	25.67	21.66	29.81	12.17	5.3
Inventory, 3 Yr. CAGR %	14.42	37.72	39.74	43.03	13.09
Net Property, Plant and Equip., 3 Yr. CAGR %	63.13	52.72	25.76	19.28	14.94
Total Assets, 3 Yr. CAGR %	44.63	46.18	38.49	20.34	13.77
Tangible Book Value, 3 Yr. CAGR %	58.72	36.06	35.84	-23.26	-32.92
Common Equity, 3 Yr. CAGR %	45.22	40.67	38.49	19.32	10.34
Cash From Operations, 3 Yr. CAGR %	19.75	-0.05	35.73	29.4	27.78
Capital Expenditures, 3 Yr. CAGR %	49.85	22	-6.54	-6.19	-7.05
Levered Free Cash Flow, 3 Yr. CAGR %	2.44	10.45	311.89	22.88	56.01
Unlevered Free Cash Flow, 3 Yr. CAGR %	5.85	3.01	222.22	25.56	76.25
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	19.41	26.37	27.5	18.78	13.17
Gross Profit, 5 Yr. CAGR %	20.74	27.84	28.02	18.38	12.01
EBITDA, 5 Yr. CAGR %	23.17	31.71	29.86	16.59	2.13
EBITA, 5 Yr. CAGR %	23.09	31.83	29.95	15.16	-1.98
EBIT, 5 Yr. CAGR %	24.37	30.68	28.88	13.39	-10.86
Earnings From Cont. Operations, 5 Yr. CAGR %	29.74	35.64	36.59	7.2	-41.43
Net Income, 5 Yr. CAGR %	29.44	35.64	36.62	7.53	-41.18
Normalized Net Income, 5 Yr. CAGR %	22.91	30.8	28.57	11.91	-41.65
Diluted EPS Before Extra, 5 Yr. CAGR %	27.46	32.71	34.25	5.7	-41.93
Accounts Receivable, 5 Yr. CAGR %	22.65	18.18	26.84	16.74	12.6
Inventory, 5 Yr. CAGR %	13.26	31.47	32.81	28.26	25.79
Net Property, Plant and Equip., 5 Yr. CAGR %	48.66	48.21	41.82	37.77	22.73
Total Assets, 5 Yr. CAGR %	35.88	35.19	30.64	35.81	29.65
Tangible Book Value, 5 Yr. CAGR %	46.18	40.08	61.46	-7.25	-14.49
Common Equity, 5 Yr. CAGR %	36.41	37.05	36.71	30.63	23.26
Cash From Operations, 5 Yr. CAGR %	22.47	10.94	31.18	22.28	11.99
Capital Expenditures, 5 Yr. CAGR %	39.11	35.46	20.98	9.18	-3.83
Levered Free Cash Flow, 5 Yr. CAGR %	-1.6	3.2	37.77	14.49	134.17
Unlevered Free Cash Flow, 5 Yr. CAGR %	0.92	-0.57	36.62	18.36	111.11