Fox Factory Holding Corp (FOXF)
Gross profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 423,576 | 464,812 | 531,343 | 432,332 | 289,547 |
| Revenue | US$ in thousands | 1,393,920 | 1,464,180 | 1,602,490 | 1,299,060 | 890,554 |
| Gross profit margin | 30.39% | 31.75% | 33.16% | 33.28% | 32.51% |
December 31, 2024 calculation
Gross profit margin = Gross profit ÷ Revenue
= $423,576K ÷ $1,393,920K
= 30.39%
The gross profit margin of Fox Factory Holding Corp has shown a generally fluctuating trend over the past five years. Starting at 32.51% as of December 31, 2020, the margin increased to 33.28% by December 31, 2021. However, it slightly decreased to 33.16% by the end of 2022, followed by a more notable decline to 31.75% by December 31, 2023. The most recent data indicates a further decrease in the gross profit margin to 30.39% as of December 31, 2024. This declining trend may raise concerns about the company's ability to effectively manage its cost of goods sold relative to its sales revenue. A falling gross profit margin could impact the company's overall profitability and operational efficiency if not addressed through cost controls or pricing strategies.
Peer comparison
Dec 31, 2024