Fox Factory Holding Corp (FOXF)
Pretax margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) | US$ in thousands | 1,012 | 138,663 | 233,764 | 188,381 | 104,530 |
| Revenue | US$ in thousands | 1,393,920 | 1,464,180 | 1,602,490 | 1,299,060 | 890,554 |
| Pretax margin | 0.07% | 9.47% | 14.59% | 14.50% | 11.74% |
December 31, 2024 calculation
Pretax margin = EBT ÷ Revenue
= $1,012K ÷ $1,393,920K
= 0.07%
The pretax margin of Fox Factory Holding Corp has shown some fluctuation over the years. It increased from 11.74% in December 31, 2020, to 14.50% in December 31, 2021, and further to 14.59% in December 31, 2022, indicating improved profitability. However, there was a notable drop to 9.47% in December 31, 2023, followed by a significant decrease to a mere 0.07% in December 31, 2024. The declining trend in the pretax margin from 2023 to 2024 raises concerns about the company's ability to control costs and maintain profitability. Further investigation into the factors contributing to this decline is recommended to assess the company's financial health and performance.
Peer comparison
Dec 31, 2024