Fox Factory Holding Corp (FOXF)
Pretax 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) (ttm) | US$ in thousands | 138,663 | 190,932 | 216,291 | 234,423 | 233,764 | 222,343 | 216,021 | 201,101 | 192,608 | 185,874 | 171,477 | 136,247 | 103,424 | 93,424 | 83,967 | 95,598 | 107,132 | 103,846 | 99,986 | 95,623 |
| 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 |
| Pretax margin | 9.59% | 12.47% | 13.43% | 14.48% | 14.64% | 14.54% | 14.69% | 14.43% | 14.83% | 15.25% | 15.14% | 13.80% | 11.61% | 11.48% | 10.99% | 12.38% | 14.31% | 14.44% | 14.62% | 14.74% |
December 31, 2023 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $138,663K ÷ $1,446,505K
= 9.59%
Fox Factory Holding Corp's pretax margin has displayed some fluctuations over the past few quarters. The pretax margin measures the percentage of each dollar of revenue that represents pre-tax profit, indicating the company's efficiency in generating profits before taxes are accounted for.
In the most recent quarter, Dec 31, 2023, the pretax margin stood at 9.59%, which represents a decrease from the previous quarter's 12.47%. Despite this decrease, the company has generally maintained a pretax margin above 10% over the past few quarters, indicating a consistent ability to generate profit before taxes.
The trend shows that the pretax margin peaked at 15.25% in Sep 30, 2021, before experiencing some fluctuations in subsequent quarters. It is important to note that the pretax margin has generally been in the range of 10% to 15% over the analyzed periods, reflecting the company's ability to manage its costs and generate profits effectively.
Overall, while there have been fluctuations in the pretax margin, Fox Factory Holding Corp has demonstrated a relatively stable performance in generating pre-tax profits over the analyzed periods. Further analysis of the company's cost structure and revenue generation may provide insights into the factors driving these fluctuations and the sustainability of the company's profitability.
Peer comparison
Dec 31, 2023