Fox Factory Holding Corp.
FOXF Consumer Cyclical Auto Parts
Fox Factory Holding Corp.’s revenue for fiscal 2025 (year ended December 2025) was $1.5 billion, up 5.27% from fiscal 2024. In the quarter to June 2026, revenue fell 4.47%, EPS grew 42.9%, free cash flow grew 13.5% and total debt fell 4.45%, each against the same quarter a year earlier. Insiders bought in the last twelve months.
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Fox Factory Holding Corp. (FOXF) Altman Z-score
Fox Factory Holding Corp.'s Altman Z-score for fiscal 2025 is 0.90, in the distress zone (below 1.81).
Altman Z-score, annual
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Annual newest first
| Period | Altman Z-score | Change (points) |
|---|---|---|
| FY2025 | 0.90 | (1.34) |
| FY2024 | 2.24 | (1.17) |
| FY2023 | 3.41 | (3.80) |
| FY2022 | 7.21 | (1.89) |
| FY2021 | 9.09 | 2.79 |
| FY2020 | 6.30 | (5.19) |
| FY2019 | 11.49 | 0.46 |
| FY2018 | 11.03 | 4.04 |
| FY2017 | 6.99 | 0.55 |
| FY2016 | 6.45 | 1.24 |
How fiscal 2025’s score is made up
| Component | This year | Year before | Result | Points |
|---|---|---|---|---|
| Working capital / total assets | 0.29 | — | 0.35 | |
| Retained earnings / total assets | 0.20 | — | 0.28 | |
| EBIT / total assets | (0.31) | — | −1.03 | |
| Market value of equity / total liabilities | 0.71 | — | 0.43 | |
| Sales / total assets | 0.88 | — | 0.88 | |
| Altman Z-score | Distress zone | 0.90 | ||
| Z″ Variant for non-manufacturing and asset-light companies (drops the sales/assets term, uses book equity) | Grey zone | 1.15 | ||
Z and Z″ put Fox Factory Holding Corp. in different zones: distress zone by Z, grey zone by Z″.
How the Altman Z-score works
Z = 1.2 × working capital ÷ total assets + 1.4 × retained earnings ÷ total assets + 3.3 × EBIT ÷ total assets + 0.6 × market value of equity ÷ total liabilities + 1.0 × revenue ÷ total assets (Altman, 1968). The market value of equity is the close on the last trading day of the fiscal year times weighted basic shares.
Z″ = 6.56 × working capital ÷ total assets + 3.26 × retained earnings ÷ total assets + 6.72 × EBIT ÷ total assets + 1.05 × book equity ÷ total liabilities (Altman, Hartzell and Peck, 1995), the variant for non-manufacturing and asset-light companies.
| Zone | Z | Z″ |
|---|---|---|
| Safe zone | above 2.99 | above 2.60 |
| Grey zone | 1.81–2.99 | 1.10–2.60 |
| Distress zone | below 1.81 | below 1.10 |
Not worked out for banks, insurers and REITs, whose balance sheets the model does not describe, nor when a figure is missing or there is no share price in the week to the fiscal year end.
Altman Z-score against peers
| Company | Altman Z-score |
|---|---|
| XPEL XPEL, Inc. compare | 11.8× |
| SLDP Solid Power, Inc. compare | 11.1× |
| MLR Miller Industries, Inc. compare | 4.3× |
| PLOW Douglas Dynamics, Inc. compare | 3.3× |
| SMP Standard Motor Products, Inc. compare | 2.2× |
| GT The Goodyear Tire & Rubber Company compare | 1.4× |
| DCH Dauch Corporation compare | 1.4× |
| MNRO Monro Muffler Brake, Inc. compare | 1.4× |
| FOXF Fox Factory Holding Corp. | 0.9× |
What Altman Z-score is
The Altman Z-Score weighs working capital, retained earnings, operating profit, market value and sales against assets and debts to gauge the risk of distress.
1.2 × working capital ÷ total assets + 1.4 × retained earnings ÷ total assets + 3.3 × EBIT ÷ total assets + 0.6 × market value of equity ÷ total liabilities + 1.0 × revenue ÷ total assets