Fox Factory Holding Corp (FOXF)
Gross profit margin
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit (ttm) | US$ in thousands | 406,802 | 397,087 | 396,835 | 423,435 | 464,812 | 503,423 | 533,463 | 544,381 | 531,343 | 507,773 | 486,524 | 454,668 | 432,332 | 408,502 | 381,958 | 330,856 | 289,547 | 265,716 | 246,059 | 248,293 |
| Revenue (ttm) | US$ in thousands | 1,393,921 | 1,373,579 | 1,345,575 | 1,397,799 | 1,464,178 | 1,540,324 | 1,618,375 | 1,624,365 | 1,602,491 | 1,536,179 | 1,474,446 | 1,395,905 | 1,299,064 | 1,219,126 | 1,132,391 | 987,329 | 890,554 | 814,044 | 764,661 | 773,681 |
| Gross profit margin | 29.18% | 28.91% | 29.49% | 30.29% | 31.75% | 32.68% | 32.96% | 33.51% | 33.16% | 33.05% | 33.00% | 32.57% | 33.28% | 33.51% | 33.73% | 33.51% | 32.51% | 32.64% | 32.18% | 32.09% |
December 31, 2024 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $406,802K ÷ $1,393,921K
= 29.18%
The gross profit margin of Fox Factory Holding Corp has fluctuated over the analyzed period, ranging from a low of 28.91% on September 30, 2024, to a high of 33.73% on June 30, 2021. The overall trend shows some volatility but with a general stability around the low 30% range.
In the most recent period ending December 31, 2024, the gross profit margin was 29.18%, a decrease from the previous quarter. This drop may warrant further investigation into the factors driving the decrease in profitability.
It is essential to monitor the gross profit margin closely as it indicates the efficiency of the company in managing its production costs relative to its revenue. A declining trend in the gross profit margin could signal potential challenges in maintaining profitability, while an increasing trend reflects improvements in cost management or pricing strategies.
Overall, while the company has experienced fluctuations in its gross profit margin, it is crucial for stakeholders to continue monitoring this metric to assess the company's operational performance and profitability in the future.
Peer comparison
Dec 31, 2024