Fox Factory Holding Corp (FOXF)
Net profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 120,846 | 205,278 | 163,818 | 90,674 | 93,033 |
| Revenue | US$ in thousands | 1,448,180 | 1,598,830 | 1,289,730 | 880,113 | 748,041 |
| Net profit margin | 8.34% | 12.84% | 12.70% | 10.30% | 12.44% |
December 31, 2023 calculation
Net profit margin = Net income ÷ Revenue
= $120,846K ÷ $1,448,180K
= 8.34%
Fox Factory Holding Corp's net profit margin has exhibited some fluctuations over the past five years. The net profit margin decreased from 12.44% in 2019 to 10.30% in 2020, indicating a decline in profitability. However, there was an improvement in the net profit margin in 2021 to 12.70%, followed by a further increase to 12.84% in 2022.
In 2023, Fox Factory Holding Corp's net profit margin decreased to 8.34%, signaling a significant decline in profitability compared to the previous years. This decrease may be a cause for concern as it reflects a lower percentage of revenue retained as profit. It is important for the company to analyze the factors contributing to this decline and take appropriate measures to improve profitability in the future.
Peer comparison
Dec 31, 2023