Fox Factory (NASDAQ:FOXF) Issues Quarterly Earnings Results

Fox Factory (NASDAQ:FOXF) announced its earnings results on Thursday. The company reported $0.20 EPS for the quarter, beating analysts’ consensus estimates of $0.15 by $0.05, FiscalAI reports. Fox Factory had a negative net margin of 17.66% and a positive return on equity of 4.84%. The business had revenue of $361.07 million for the quarter, compared to analysts’ expectations of $353.88 million.

Here are the key takeaways from Fox Factory’s conference call:

• The company is executing a Phase Two profit plan to complement Phase One (which delivered $25M in 2025), targeting roughly $50M of incremental cost reductions in 2026 and guiding to adjusted EBITDA of $174M–$203M (about 13.7% at the midpoint, ~200 bps improvement) while lowering revenue guidance to $1.328B–$1.416B.
• Q4 results included a $295.2M non‑cash goodwill impairment; adjusted Q4 EBITDA fell to $35M from $40.4M year‑over‑year and adjusted EPS was $0.20 vs. $0.31, underscoring near‑term margin pressure.
• Management is actively rationalizing the portfolio—already moving to divest the Phoenix operations and exit Shock Therapy, Upfit UTV, and Geiser—with proceeds earmarked for debt reduction and the exits expected to be immediately accretive and improve AAG margins.
• Tariffs remain a material headwind (company reports ~$50M gross impact in 2025 with $25M mitigated; expects ~$30M gross in 2026 and ~$15M net headwind in H1), and any tariff refunds or legal outcomes are uncertain and not assumed in guidance.

Fox Factory Price Performance

Shares of FOXF stock traded down $0.66 during midday trading on Thursday, reaching $18.36. 607,937 shares of the company were exchanged, compared to its average volume of 540,317. The company’s 50 day moving average price is $18.63 and its two-hundred day moving average price is $21.26. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.36 and a current ratio of 2.98. The company has a market cap of $767.47 million, a P/E ratio of -2.97 and a beta of 1.50. Fox Factory has a 12 month low of $13.08 and a 12 month high of $31.18.

Institutional Investors Weigh In On Fox Factory

Several large investors have recently made changes to their positions in FOXF. Nantahala Capital Management LLC lifted its holdings in Fox Factory by 200.3% in the fourth quarter. Nantahala Capital Management LLC now owns 2,188,300 shares of the company’s stock valued at $37,442,000 after buying an additional 1,459,652 shares during the period. State Street Corp boosted its position in shares of Fox Factory by 1.4% in the 4th quarter. State Street Corp now owns 1,620,544 shares of the company’s stock worth $27,728,000 after purchasing an additional 21,914 shares during the last quarter. Estuary Capital Management LP grew its stake in shares of Fox Factory by 4.6% during the fourth quarter. Estuary Capital Management LP now owns 1,574,759 shares of the company’s stock worth $26,944,000 after purchasing an additional 69,405 shares during the period. Dimensional Fund Advisors LP increased its holdings in Fox Factory by 9.8% in the third quarter. Dimensional Fund Advisors LP now owns 1,075,521 shares of the company’s stock valued at $26,125,000 after purchasing an additional 96,178 shares during the last quarter. Finally, Geode Capital Management LLC raised its stake in Fox Factory by 2.9% during the 4th quarter. Geode Capital Management LLC now owns 1,018,677 shares of the company’s stock worth $17,433,000 after buying an additional 28,820 shares during the period.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on FOXF shares. CJS Securities upgraded Fox Factory to a “strong-buy” rating in a research note on Thursday, December 11th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Fox Factory in a research note on Thursday, January 22nd. Roth Mkm lowered their price target on shares of Fox Factory from $21.00 to $19.00 and set a “neutral” rating for the company in a report on Tuesday, January 6th. Finally, Zacks Research lowered Fox Factory from a “hold” rating to a “strong sell” rating in a research note on Wednesday, February 4th. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, three have assigned a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $30.17.

Fox Factory Company Profile

Fox Factory Holding Corp., headquartered in Duluth, Minnesota, designs, engineers and manufactures high-performance suspension systems, shock absorbers and related components for powersports, light-vehicle and mountain-bike applications. The company’s FOX brand offers a comprehensive portfolio of forks, shocks, coilovers and internal bypass dampers aimed at OEM and aftermarket customers seeking enhanced ride quality, control and durability across off-road vehicles, motorcycles and bicycles.

Founded in 1974 by Bob Fox in California, Fox Factory has expanded its technology base and market reach through strategic acquisitions such as Marzocchi Suspension, DVO Suspension and Walker Evans Racing.