Forensic Analysis · Industrials / Manufacturing / Defense · as of Aug 11, 2026
Fox Factory Holding Corp (FOXF)
A forensic read on Fox Factory Holding Corp built from its complete SEC filings — financial-health screens, earnings quality, red flags and a price-aware rating. Reproducible math, not opinion.
D · Weak — demands caution
Forensic grade
Grey Zone
Financial health
1.4
Distress distance
Clean
Earnings quality
5
Forensic signals
-3.0
P / E (ttm)
-81.3%
ROE
$905M
Market cap
0.00%
Dividend yield
5.3%
Revenue growth
This free snapshot doesn't read filing or proxy text, so the auditor-quality and governance checks that can lower a grade were not evaluated (red flags, auditor quality, say on pay, board independence). Those checks only ever lower a grade, so the full analysis can land below the grade above but never above it — treat it as the most favourable reading, not the settled one.
Fox Factory Holding Corp earns a D (Weak — demands caution) forensic quality grade, and its balance-sheet distress test reads 1.4, placing it in the Grey zone. 5 forensic signals were flagged in its latest SEC filings, led by return on invested capital.
What the filings flag
-29.9%
FY2026
Return on invested capital.Return on invested capital is -29.9% in the latest fiscal year and slipping from 16% — well below its ~9% cost of capital, so reinvested dollars may be destroying value, not building it.
stopped
FY2025→FY2026
Shareholder returns — halted.Capital returns have STOPPED — $25M of buybacks + dividends in FY2025, but ~$0 in FY2026. A halt usually means the company is conserving cash.
47d DSO
FY2025→FY2026
Receivables vs revenue.Days sales outstanding moved from 43 to 47 days FY2025→FY2026 (receivables +15% vs revenue +5%). Receivables are creeping up relative to sales. There's no FY2024 figure on file for receivables, so FY2025 has no opening balance to average against — both figures are measured on period-end balances rather than the beginning-plus-ending average, since averaging only the current year would make the move track balance-sheet growth rather than the business.
-0.4%/yr
FY2022–FY2026
Share count.Diluted share count changed -1% over the last 4 years to FY2026 (-0.4%/yr). Roughly flat — the count is neither shrinking nor growing meaningfully. Per-share value isn't being meaningfully helped or hurt by the count.
$557M
FY2026–FY2026
Goodwill impairments.Took $557M of goodwill writedowns across 1 year (FY2026 ($557M)). Writedowns mean past acquisitions underperformed what was paid for them.
Key fundamentals
Latest Revenue$1.47B
Revenue Growth YoY+5.3%
Revenue CAGR (3yr)+0.1%
Net Margin-37.1%
Free Cash Flow$27.0M
Return on Equity-81.3%
Debt / Equity0.78x
The forensic grade and screens above are free — no account needed. Want the AI investment read on top — the 0–100 rating, thesis, bull-vs-bear, red flags and the 12-month scenario, written from Fox Factory Holding Corp's actual 10-K/10-Q/8-K filings?