Fox Factory Holding Corp (FOXF)
Pretax margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) | US$ in thousands | 138,663 | 233,764 | 188,381 | 103,458 | 107,132 |
| Revenue | US$ in thousands | 1,448,180 | 1,598,830 | 1,289,730 | 880,113 | 748,041 |
| Pretax margin | 9.57% | 14.62% | 14.61% | 11.76% | 14.32% |
December 31, 2023 calculation
Pretax margin = EBT ÷ Revenue
= $138,663K ÷ $1,448,180K
= 9.57%
The pretax margin of Fox Factory Holding Corp has shown some fluctuation over the past five years, ranging from 9.57% to 14.62%. In 2023, the pretax margin decreased to 9.57% from 14.62% in 2022, indicating a decline in profitability before accounting for taxes. Despite this decrease, it is noteworthy that the pretax margin in 2023 remains above the levels seen in 2020 and 2019. Further analysis is required to understand the factors driving this change and to assess the company's overall financial performance in the latest period.
Peer comparison
Dec 31, 2023
Company name
Symbol
Pretax margin
Fox Factory Holding Corp
FOXF
9.57%
Harley-Davidson Inc
HOG
15.05%