Fox Factory Holding Corp (FOXF)
Profitability ratios
Return on sales
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
|---|---|---|---|---|---|
| Gross profit margin | 30.39% | 31.75% | 33.16% | 33.28% | 32.51% |
| Operating profit margin | 4.14% | 10.93% | 15.39% | 15.16% | 12.82% |
| Pretax margin | 0.07% | 9.47% | 14.59% | 14.50% | 11.74% |
| Net profit margin | 0.47% | 8.25% | 12.81% | 12.61% | 10.18% |
Fox Factory Holding Corp's Gross Profit Margin has been relatively stable over the past five years, ranging from 30.39% in December 31, 2024, to 33.28% in December 31, 2021. This indicates that the company is able to control its production costs effectively.
Looking at the Operating Profit Margin, there has been significant variability, with a peak of 15.39% in December 31, 2022, and a low of 4.14% in December 31, 2024. This fluctuation suggests that the company has faced challenges in managing its operating expenses efficiently.
The Pretax Margin shows a similar trend, with the highest value of 14.59% in December 31, 2022, and the lowest value of 0.07% in December 31, 2024. This implies that the company's pre-tax earnings have also been subject to volatility over the years.
Finally, the Net Profit Margin has declined significantly over the period, from 10.18% in December 31, 2020, to only 0.47% in December 31, 2024. This indicates that Fox Factory Holding Corp's profitability has been decreasing, and the company may need to focus on improving its cost control and operational efficiency to enhance its bottom line.
Return on investment
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
|---|---|---|---|---|---|
| Operating return on assets (Operating ROA) | 2.58% | 7.14% | 15.24% | 12.99% | 8.87% |
| Return on assets (ROA) | 0.29% | 5.39% | 12.68% | 10.81% | 7.05% |
| Return on total capital | 4.66% | 12.93% | 21.64% | 16.98% | 15.83% |
| Return on equity (ROE) | 0.55% | 9.89% | 18.31% | 18.32% | 12.61% |
Fox Factory Holding Corp's profitability ratios show varying trends over the years.
1. Operating return on assets (Operating ROA) increased from 8.87% in 2020 to 15.24% in 2022, indicating improving operational efficiency. However, it declined to 2.58% by the end of 2024, which may suggest challenges in generating operating income relative to its assets.
2. Return on assets (ROA) also saw an uptrend, from 7.05% in 2020 to 12.68% in 2022, demonstrating the company's ability to generate profits from its assets. However, it dropped significantly to 0.29% by the end of 2024, suggesting a decline in overall asset profitability.
3. Return on total capital peaked at 21.64% in 2022, reflecting the return generated from both debt and equity financing. However, it decreased to 4.66% by the end of 2024, signaling a decline in the overall return on invested capital.
4. Return on equity (ROE) showed a similar pattern, increasing from 12.61% in 2020 to 18.32% in 2021 and 2022, indicating improved profitability for shareholders. Yet, it experienced a significant drop to 0.55% by the end of 2024, which indicates a substantial decrease in the return earned on shareholders' equity.
In summary, Fox Factory Holding Corp has shown fluctuations in profitability ratios over the years, with an initial improvement followed by a notable decline by the end of 2024. This trend may indicate challenges in maintaining profitability levels and utilizing assets and capital efficiently.