Fox Factory Holding Corp (FOXF)
Operating profit margin
| 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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 160,091 | 205,544 | 229,541 | 247,232 | 246,697 | 233,078 | 222,965 | 205,213 | 196,914 | 191,498 | 181,802 | 148,438 | 114,149 | 102,638 | 92,445 | 102,557 | 112,809 | 109,503 | 105,595 | 100,399 |
| Revenue (ttm) | US$ in thousands | 1,446,505 | 1,531,268 | 1,610,118 | 1,618,829 | 1,597,282 | 1,529,458 | 1,470,392 | 1,393,548 | 1,299,064 | 1,219,126 | 1,132,391 | 987,329 | 890,554 | 814,044 | 763,913 | 771,928 | 748,438 | 719,367 | 683,848 | 648,724 |
| Operating profit margin | 11.07% | 13.42% | 14.26% | 15.27% | 15.44% | 15.24% | 15.16% | 14.73% | 15.16% | 15.71% | 16.05% | 15.03% | 12.82% | 12.61% | 12.10% | 13.29% | 15.07% | 15.22% | 15.44% | 15.48% |
December 31, 2023 calculation
Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $160,091K ÷ $1,446,505K
= 11.07%
The operating profit margin of Fox Factory Holding Corp has shown a generally positive trend over the analyzed period, fluctuating between 11.07% and 16.05%. The margin peaked at 16.05% in the third quarter of 2021 before slightly decreasing in the following quarters. However, the company managed to maintain a relatively stable operating profit margin above 12% throughout most of the period. This indicates that Fox Factory Holding Corp has been able to effectively control its operating expenses relative to its operating income, highlighting operational efficiency and profitability. Further analysis of the underlying factors driving the fluctuations in the operating profit margin over time could provide valuable insights into the company's overall financial performance.
Peer comparison
Dec 31, 2023