FOXF official logo FOXF
FOXF 1-star rating from Upturn Advisory
Fox Factory Holding Corp (FOXF) company logo

Fox Factory Holding Corp (FOXF)

Fox Factory Holding Corp (FOXF) 1-star rating from Upturn Advisory
$16.56
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Upturn Advisory Summary

12/05/2025: FOXF (1-star) is currently NOT-A-BUY. Pass it for now.

Upturn Star Rating

Upturn 1 star rating for performance

Not Recommended Performance

These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.

Number of Analysts

2 star rating from financial analysts

7 Analysts rated it

Limited analyst coverage, niche firm, research info may be scarce.

1 Year Target Price $22.86

1 Year Target Price $22.86

Analysts Price Target For last 52 week
$22.86 Target price
52w Low $13.08
Current$16.56
52w High $33.73

Analysis of Past Performance

Type Stock
Historic Profit -21.56%
Avg. Invested days 50
Today’s Advisory PASS
Upturn Star Rating upturn star rating icon
Upturn Advisory Performance Upturn Advisory Performance icon 2.0
Stock Returns Performance Upturn Returns Performance icon 1.0
Upturn Profits based on simulation icon Profits based on simulation
Upturn last close icon Last Close 12/05/2025

Key Highlights

Company Size Small-Cap Stock
Market Capitalization 692.23M USD
Price to earnings Ratio -
1Y Target Price 22.86
Price to earnings Ratio -
1Y Target Price 22.86
Volume (30-day avg) 7
Beta 1.53
52 Weeks Range 13.08 - 33.73
Updated Date 12/7/2025
52 Weeks Range 13.08 - 33.73
Updated Date 12/7/2025
Dividends yield (FY) -
Basic EPS (TTM) -6.17

Analyzing Revenue: Products, Geography and Growth

Revenue by Products

Product revenue - Year on Year

Revenue by Geography

Geography revenue - Year on Year

Earnings Date

Report Date -
When -
Estimate -
Actual -

Profitability

Profit Margin -17.66%
Operating Margin (TTM) 4.01%

Management Effectiveness

Return on Assets (TTM) 1.73%
Return on Equity (TTM) -23.96%

Valuation

Trailing PE -
Forward PE 10.56
Enterprise Value 1331933471
Price to Sales(TTM) 0.47
Enterprise Value 1331933471
Price to Sales(TTM) 0.47
Enterprise Value to Revenue 0.91
Enterprise Value to EBITDA 16.75
Shares Outstanding 41801357
Shares Floating 41576466
Shares Outstanding 41801357
Shares Floating 41576466
Percent Insiders 0.56
Percent Institutions 105.69

Icon representing Upturn AI-generated SWOT analysis summary Upturn AI SWOT

Fox Factory Holding Corp

Fox Factory Holding Corp(FOXF) company logo displayed in Upturn AI summary

Company Overview

Company history and background logo History and Background

Fox Factory Holding Corp. was founded in 1977 and began as a small suspension components manufacturer. Over the years, it has evolved through organic growth and strategic acquisitions, expanding its product portfolio and market reach across various performance-oriented industries. A key milestone was its rebranding to Fox Factory, Inc. in 2013 to better reflect its diversified business.

Company business area logo Core Business Areas

  • Performance Ride Division: This division focuses on high-performance suspension solutions for bicycles, motorcycles, and ATVs. Products include forks, shocks, and suspension systems designed to enhance ride quality and performance in off-road and on-road applications. Brands include FOX, Marzocchi, and Race Face.
  • Specialty Vehicle Division: This segment provides specialized aftermarket and original equipment manufacturer (OEM) suspension and related products for trucks, SUVs, and other powersports vehicles. It caters to the off-road enthusiast and professional markets with brands like FOX, BDS Suspension, and Zone Off-Road.
  • Performance Electric Vehicle Division: This emerging division leverages the company's suspension expertise to develop and manufacture specialized solutions for electric vehicles, focusing on performance and handling for both on-road and off-road applications.

leadership logo Leadership and Structure

Fox Factory Holding Corp. is led by a management team with deep industry experience. The organizational structure is typically segmented by its core business divisions, allowing for specialized product development and market focus. Key leadership roles include CEO, CFO, and division presidents.

Top Products and Market Share

Product Key Offerings logo Key Offerings

  • FOX Suspension Forks & Shocks: High-performance suspension components for mountain bikes, e-bikes, motorcycles, and ATVs. These are premium products known for their advanced technology and durability. Competitors include RockShox (SRAM), u00d6hlins, and Marzocchi (also owned by Fox Factory).
  • BDS Suspension Lift Kits: Aftermarket suspension lift kits and components for trucks and SUVs, designed for off-road capability and aesthetic enhancement. Competitors include Rough Country, Rancho Suspension (Tenneco), and Skyjacker.
  • Race Face Components: High-performance bicycle components, including cranksets, handlebars, and pedals, primarily for mountain biking. Competitors include Shimano, SRAM, and e*thirteen.

Market Dynamics

industry overview logo Industry Overview

Fox Factory operates in the performance-oriented vehicle and powersports industries. These sectors are influenced by consumer discretionary spending, trends in outdoor recreation, the growth of electric vehicles, and technological advancements in suspension and vehicle dynamics. The aftermarket segment is driven by customization and performance upgrades, while the OEM segment relies on partnerships with vehicle manufacturers.

Positioning

Fox Factory is positioned as a leading designer, manufacturer, and marketer of high-performance suspension systems and related products. Its competitive advantages stem from its strong brand recognition, advanced engineering capabilities, proprietary technologies, and a diversified product portfolio serving multiple end markets. The company benefits from its presence in both the OEM and aftermarket segments.

Total Addressable Market (TAM)

The TAM for performance suspension and related components is substantial, encompassing global markets for bicycles, motorcycles, powersports vehicles, trucks, and SUVs. While specific TAM figures vary by segment, the combined markets represent tens of billions of dollars annually. Fox Factory holds a significant position within its niche segments, particularly in high-end mountain bike suspension and off-road truck suspension.

Upturn SWOT Analysis

Strengths

  • Strong brand reputation and customer loyalty (e.g., FOX brand)
  • Advanced engineering and R&D capabilities
  • Diversified product portfolio and end markets
  • Proprietary technologies and patents
  • Established OEM and aftermarket distribution channels
  • Acquisition expertise to expand product lines and market reach

Weaknesses

  • Reliance on discretionary consumer spending
  • Sensitivity to economic downturns impacting automotive and powersports sales
  • Potential for supply chain disruptions impacting production
  • Competition from larger, diversified automotive suppliers in some segments

Opportunities

  • Growth in the electric vehicle (EV) market for specialized suspension solutions
  • Expansion in emerging markets and developing economies
  • Increased consumer interest in outdoor recreation and cycling
  • Strategic acquisitions to enter new product categories or geographies
  • Further integration of acquired brands and technologies

Threats

  • Intensifying competition from existing and new players
  • Fluctuations in raw material costs
  • Changes in consumer preferences and trends
  • Regulatory changes affecting vehicle emissions or manufacturing
  • Geopolitical instability impacting global supply chains

Competitors and Market Share

Key competitor logo Key Competitors

  • SRAM Inc. (Private)
  • RockShox (Division of SRAM Inc.)
  • Tenneco Inc. (TEN)
  • u00d6hlins Racing AB (Private)

Competitive Landscape

Fox Factory's advantage lies in its premium brand positioning, technological leadership in high-performance suspension, and diversified market presence. While SRAM (RockShox) is a major competitor, particularly in the bicycle segment, Fox Factory maintains strong positions in premium mountain biking, motorcycles, and the specialized aftermarket for trucks and SUVs. Tenneco and u00d6hlins are significant players in their respective niches. The company's ability to innovate and acquire strategically are key differentiators.

Major Acquisitions

BDS Suspension

  • Year: 2013
  • Acquisition Price (USD millions):
  • Strategic Rationale: Acquired to expand into the North American truck and SUV aftermarket suspension segment, diversifying the company's revenue streams and brand portfolio.

Race Face

  • Year: 2015
  • Acquisition Price (USD millions):
  • Strategic Rationale: Acquired to strengthen its position in the high-performance bicycle components market, adding complementary products to its cycling suspension offerings.

Marzocchi Suspension

  • Year: 2015
  • Acquisition Price (USD millions):
  • Strategic Rationale: Acquired to enhance its brand portfolio in the motorcycle and bicycle suspension market, leveraging the historical brand recognition and technical expertise.

Clean Industry

  • Year: 2021
  • Acquisition Price (USD millions): 50
  • Strategic Rationale: Acquired to bolster its capabilities in manufacturing and assembly, particularly for its Performance Electric Vehicle Division.

Hellwig Suspension Products

  • Year: 2023
  • Acquisition Price (USD millions): 70
  • Strategic Rationale: Acquired to further expand its position in the truck and SUV aftermarket, adding complementary load-carrying and sway control solutions.

Growth Trajectory and Initiatives

Historical Growth: Fox Factory has exhibited strong historical growth, driven by innovation in its core suspension technology, expansion into new product categories, and a successful acquisition strategy. The company has consistently expanded its revenue base and market presence across its diverse business segments.

Future Projections: Analyst projections generally indicate continued revenue and earnings growth for Fox Factory, supported by trends in outdoor recreation, powersports, and the burgeoning electric vehicle market. Expectations are for further market share gains and potential expansion into adjacent product areas.

Recent Initiatives: Recent initiatives include focusing on the electric vehicle market with specialized suspension solutions, expanding production capacity to meet demand, and integrating newly acquired businesses to leverage synergies and broaden their product offerings. Investments in R&D for next-generation suspension technologies are ongoing.

Summary

Fox Factory Holding Corp is a strong performer with a leading position in high-performance suspension systems across cycling, powersports, and specialized vehicles. Its diversified business model, strong brands, and consistent revenue growth are key strengths. Opportunities in the EV market and continued acquisition strategy provide significant future growth potential. However, the company must remain vigilant against competitive pressures and economic sensitivities impacting discretionary spending.

Similar Stocks

Sources and Disclaimers

Data Sources:

  • Company Investor Relations Filings (SEC)
  • Financial News and Data Providers (e.g., Bloomberg, Refinitiv)
  • Industry Research Reports
  • Company Press Releases

Disclaimers:

This analysis is based on publicly available information and is for informational purposes only. It does not constitute investment advice. Financial data and market share estimations are subject to change and may not be entirely precise. Investors should conduct their own due diligence before making any investment decisions.

Information icon for Upturn AI Summarization accuracy disclaimer AI Summarization is directionally correct and might not be accurate.

Information icon for Upturn AI Summarization data freshness disclaimer Summarized information shown could be a few years old and not current.

Information icon warning about Upturn AI Fundamental Rating based on potentially old data Fundamental Rating based on AI could be based on old data.

Information icon warning about potential inaccuracies or hallucinations in Upturn AI-generated summaries AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.

About Fox Factory Holding Corp

Exchange NASDAQ
Headquaters Duluth, GA, United States
IPO Launch date 2013-08-12
CEO & Director Mr. Michael C. Dennison
Sector Consumer Cyclical
Industry Auto Parts
Full time employees 4100
Full time employees 4100

Fox Factory Holding Corp. designs, engineers, manufactures, and markets performance-defining products and system worldwide. The company offers powered vehicle products for off-road vehicles and trucks, side-by-sides, on-road vehicles with and without off-road capabilities, ATVs, snowmobiles, specialty vehicles and applications, and motorcycles; aftermarket truck suspension component products; suspension systems; and motorcycle shocks, forks, cushioning, and hydraulic components under the Marzocchi brand name. It also provides lift kits and components with shock products and aftermarket accessory packages for trucks; suspension tuning services, as well as wheels, off-road tires and accessories; shock products, superchargers, interior accessories, tires, lighting, and body enhancements; and mid-end and high-end front fork and rear suspension products. In addition, the company offers mountain and gravel bike wheels, and other performance cycling components, including cranks, chainrings, pedals, bars, stems, and seat posts under the Race Face and Easton Cycling brand names, as well as baseball and softball products comprising metal bats, wood bats, apparel and accessories, batting gloves, fielding gloves, and bags and protective equipment under the Marucci brand. The company serves aftermarket applications products under the BDS Suspension, Zone Offroad, JKS Manufacturing, RT Pro UTV, 4x4 Posi-Lok, Ridetech, Fox Factory Vehicles, Black Widow, Rocky Ridge, Outside Van, and Custom Wheel House brands; upfitting products under the Black Widow, Rocky Ridge, Badlander, Black Ops, Harley-Davidson, and Shelby American brand names; and mountain bikes, e-bikes, and gravel bikes under the FOX, Race Face, Easton Cycling, and Marzocchi brands. Fox Factory Holding Corp. was incorporated in 2007 and is based in Duluth, Georgia.