Fox Factory Holding Corp (FOXF)
Operating profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 57,670 | 160,091 | 246,697 | 196,914 | 114,149 |
| Revenue | US$ in thousands | 1,393,920 | 1,464,180 | 1,602,490 | 1,299,060 | 890,554 |
| Operating profit margin | 4.14% | 10.93% | 15.39% | 15.16% | 12.82% |
December 31, 2024 calculation
Operating profit margin = Operating income ÷ Revenue
= $57,670K ÷ $1,393,920K
= 4.14%
The operating profit margin of Fox Factory Holding Corp has displayed fluctuations over the past five years. In December 2020, the company's operating profit margin stood at 12.82%, showing a reasonable level of profitability. This margin improved to 15.16% by December 2021, indicating enhanced operational efficiency.
By December 2022, the operating profit margin of Fox Factory Holding Corp further increased to 15.39%, reflecting continued positive performance. However, there was a notable decline in profitability by December 2023, as the operating profit margin dropped to 10.93%. This decrease may warrant further investigation into the factors impacting the company's earnings.
The most significant change occurred by December 2024 when the operating profit margin plummeted to 4.14%, marking a substantial decline in profitability. This notable decrease raises concerns about the company's operational effectiveness and may indicate challenges in managing costs or generating revenue.
Overall, the trend in Fox Factory Holding Corp's operating profit margin reflects a mix of improvements and setbacks over the five-year period, suggesting the need for careful monitoring and strategic decision-making to sustain and enhance profitability in the future.
Peer comparison
Dec 31, 2024