Fox Factory Holding Corp (FOXF)
Net profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 6,550 | 120,846 | 205,278 | 163,818 | 90,674 |
| Revenue | US$ in thousands | 1,393,920 | 1,464,180 | 1,602,490 | 1,299,060 | 890,554 |
| Net profit margin | 0.47% | 8.25% | 12.81% | 12.61% | 10.18% |
December 31, 2024 calculation
Net profit margin = Net income ÷ Revenue
= $6,550K ÷ $1,393,920K
= 0.47%
From the data provided, Fox Factory Holding Corp's net profit margin has exhibited fluctuations over the years. As of December 31, 2020, the net profit margin stood at 10.18%, showing a reasonable level of profitability relative to its revenue during that period.
Subsequently, there was an improvement in profitability as the net profit margin increased to 12.61% by the end of December 31, 2021, indicating that the company was able to retain a higher percentage of its revenue as profit. This positive trend continued into the following year, with the net profit margin further improving to 12.81% by December 31, 2022.
However, there was a notable decline in profitability by the end of December 31, 2023, where the net profit margin dropped to 8.25%. This decline may raise concerns about the company's ability to generate profits efficiently or control costs effectively during that period.
The most significant change occurred by December 31, 2024, with a notable decrease in profitability as the net profit margin sharply declined to 0.47%. This sharp decrease suggests a substantial reduction in the proportion of revenue retained as profit, which could be indicative of operational challenges or one-time events impacting the company's financial performance.
Overall, the fluctuating trend in net profit margin for Fox Factory Holding Corp highlights the importance of monitoring profitability metrics closely to assess the company's financial health and performance over time.
Peer comparison
Dec 31, 2024