Fox Factory Holding Corp (FOXF)

Gross profit margin

Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Gross profit US$ in thousands 464,812 531,343 432,332 289,547 242,735
Revenue US$ in thousands 1,448,180 1,598,830 1,289,730 880,113 748,041
Gross profit margin 32.10% 33.23% 33.52% 32.90% 32.45%

December 31, 2023 calculation

Gross profit margin = Gross profit ÷ Revenue
= $464,812K ÷ $1,448,180K
= 32.10%

Fox Factory Holding Corp's gross profit margin has shown some fluctuations over the past five years. In 2023, the gross profit margin decreased to 32.10% from 33.23% in 2022, marking a decline in profitability. However, despite this decrease, the gross profit margin in 2023 remains relatively close to the levels seen in 2021 and 2020, indicating stability in the company's ability to generate profits from its core operations. Over the five-year period, the company has maintained a gross profit margin within a narrow range of around 32% to 33.5%, demonstrating consistency in its cost management and pricing strategies. Further analysis of the company's cost structure and revenue streams may help uncover the factors contributing to the fluctuations in the gross profit margin and provide insights into the company's overall financial performance.


Peer comparison

Dec 31, 2023

Company name
Symbol
Gross profit margin
Fox Factory Holding Corp
FOXF
32.10%
Harley-Davidson Inc
HOG
17.23%