Fox Factory Holding (Fox Factory Holding) Gross Margin % : 30.93% (As of Mar. 2024)

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What is Fox Factory Holding Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. Fox Factory Holding's Gross Profit for the three months ended in Mar. 2024 was $103 Mil. Fox Factory Holding's Revenue for the three months ended in Mar. 2024 was $333 Mil. Therefore, Fox Factory Holding's Gross Margin % for the quarter that ended in Mar. 2024 was 30.93%.

The historical rank and industry rank for Fox Factory Holding's Gross Margin % or its related term are showing as below:

FOXF' s Gross Margin % Range Over the Past 10 Years
Min: 30.55 Med: 32.4 Max: 33.28
Current: 31.1

During the past 13 years, the highest Gross Margin % of Fox Factory Holding was 33.28%. The lowest was 30.55%. And the median was 32.40%.

FOXF's Gross Margin % is ranked better than
77.56% of 1270 companies
in the Vehicles & Parts industry
Industry Median: 19.535 vs FOXF: 31.10

Fox Factory Holding had a gross margin of 30.93% for the quarter that ended in Mar. 2024 => Competition eroding margins

The 5-Year average Growth Rate of Gross Margin for Fox Factory Holding was -0.40% per year.

Fox Factory Holding Gross Margin % Historical Data

The historical data trend for Fox Factory Holding's Gross Margin % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Fox Factory Holding Gross Margin % Chart

Fox Factory Holding Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Gross Margin %

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32.32

32.51

33.28

33.16

31.75

Fox Factory Holding Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Gross Margin %	Get a 7-Day Free Trial															33.34	32.95	32.38	27.75	30.93

Competitive Comparison of Fox Factory Holding's Gross Margin %

For the Auto Parts subindustry, Fox Factory Holding's Gross Margin %, along with its competitors' market caps and Gross Margin % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Fox Factory Holding's Gross Margin % Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Fox Factory Holding's Gross Margin % distribution charts can be found below:

* The bar in red indicates where Fox Factory Holding's Gross Margin % falls into.

Fox Factory Holding Gross Margin % Calculation

Gross Margin is the percentage of Gross Profit out of sales or Revenue.

Fox Factory Holding's Gross Margin for the fiscal year that ended in Dec. 2023 is calculated as

Gross Margin % (A: Dec. 2023 )	=	Gross Profit (A: Dec. 2023 )	/	Revenue (A: Dec. 2023 )
	=	464.8	/	1464.178
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(1464.178 - 999.366)	/	1464.178
	=	31.75 %

Fox Factory Holding's Gross Margin for the quarter that ended in Mar. 2024 is calculated as

Gross Margin % (Q: Mar. 2024 )	=	Gross Profit (Q: Mar. 2024 )	/	Revenue (Q: Mar. 2024 )
	=	103.2	/	333.472
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(333.472 - 230.314)	/	333.472
	=	30.93 %

A positive Gross Profit is only the first step for a company to make a net profit. The gross profit needs to be big enough to also cover related labor, equipment, rental, marketing/advertising, research and development and a lot of other costs in selling the products.

Fox Factory Holding (NAS:FOXF) Gross Margin % Explanation

Warren Buffett believes that firms with excellent long term economics tend to have consistently higher margins.

Durable competitive advantage creates a high Gross Margin % because of the freedom to price in excess of cost. Companies can be categorized by their Gross Margin %

1. Greater than 40% = Durable competitive advantage
2. Less than 40% = Competition eroding margins
3. Less than 20% = no sustainable competitive advantage
Consistency of Gross Margin is key

Fox Factory Holding had a gross margin of 30.93% for the quarter that ended in Mar. 2024 => Competition eroding margins

Be Aware

If a company loses its competitive advantages, usually its gross margin declines well before its sales declines. Watching Gross Margin % and Operating Margin % closely helps avoid value trap situations.

Fox Factory Holding Gross Margin % Related Terms

Thank you for viewing the detailed overview of Fox Factory Holding's Gross Margin % provided by GuruFocus.com. Please click on the following links to see related term pages.

Fox Factory Holding (Fox Factory Holding) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Fox Factory Holding Corp (NAS:FOXF) » Definitions » Gross Margin %

Comparable Companies

Traded in Other Exchanges

FF0:Germany FF0:Germany

Address

2055 Sugarloaf Circle, Suite 300, Duluth, GA, USA, 30097

Website

https://www.ridefox.com

Fox Factory Holding Corp is a designer, manufacturer, and marketer of performance-defining products and systems used primarily on bikes, Side-by-Sides, on-road vehicles with and without off-road capabilities, off-road vehicles and trucks, ATVs, snowmobiles, specialty vehicles and applications, motorcycles, and commercial trucks. Its business operates under the FOX, FOX RACING SHOX, and RACE FACE brands. Geographically, it derives a majority of revenue from North Americas and also has a presence in Asia, Europe, and the Rest of the World.

Executives

Thomas E. Duncan	director	C/O FOX FACTORY HOLDING CORP., 2055 SUGARLOAF CIRCLE, SUITE 300, DULUTH GA 30097
Paul Stecher	officer: SEE REMARKS (A)	C/O FOX FACTORY HOLDING CORP., 2055 SUGARLOAF CIRCLE, SUITE 300, DULUTH GA 30097
Michael C. Dennison	director	C/O FOX FACTORY HOLDING CORP., 2055 SUGARLOAF CIRCLE, SUITE 300, DULUTH GA 30097
Christopher Tutton	officer: SEE REMARKS (A)	C/O FOX FACTORY HOLDING CORP., 6634 HIGHWAY 53, BRASELTON GA 30517
Dennis Charles Schemm	officer: CFO & Treasurer	CONTINENTAL BUILDING PRODUCTS, 12950 WORLDGATE DRIVE, HERNDON VA 20170
Dudley W Mendenhall	director	5818 EL CAMINO REAL, CARLSBAD CA 92008
Brendan Enick	officer: Chief Accounting Officer	C/O FOX FACTORY HOLDING CORP., 2055 SUGARLOAF CIRCLE, SUITE 300, DULUTH GA 30097
Maggie Elizabeth Torres	officer: Interim CFO & Treasurer	C/O FOX FACTORY HOLDING CORP., 2055 SUGARLOAF CIRCLE, SUITE 300, DULUTH GA 30097
Thomas L. Fletcher	officer: SEE REMARKS (A)	C/O FOX FACTORY HOLDING CORP., 2055 SUGARLOAF CIRCLE, SUITE 300, DULUTH GA 30097
Elizabeth A Fetter	director	1400 MARINA WAY SOUTH, RICHMOND CA 94804
Richard T. Winters	officer: SEE REMARKS (A)	C/O FOX FACTORY HOLDING CORP., 2055 SUGARLOAF CIRCLE, SUITE 300, DULUTH GA 30097
Scott Randall Humphrey	officer: CFO & TREASURER	C/O FOX FACTORY HOLDING CORP., 6634 HIGHWAY 53, BRASELTON GA 30517
Toby D Merchant	officer: Chief Legal Officer	C/O FOX FACTORY HOLDING CORP., 2055 SUGARLOAF CIRCLE, SUITE 300, DULUTH GA 30097
Larry L Enterline	director, officer: Chief Executive Officer	2709 WATER RIDGE PARKWAY, 2ND FLOOR, CHARLOTTE NC 28217
Sidney Johnson	director	C/O FOX FACTORY HOLDING CORP., 2055 SUGARLOAF CIRCLE, SUITE 300, DULUTH GA 30097