Forensic Analysis · Industrials / Manufacturing / Defense · as of Sep 26, 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
1.3
Distress distance
Clean
Earnings quality
4
Forensic signals
-2.6
P / E (ttm)
-81.3%
ROE
$784M
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, going concern, valuation). 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 1.3, placing it in the Grey zone. 4 forensic signals were flagged in its latest SEC filings, led by return on invested capital.
What the filings flag
-29.9%
FY2025
Return on invested capital.Return on invested capital is -29.9% in the latest fiscal year and slipping across FY2023–FY2025 from 7.2%. After-tax operating profit was $140M in FY2023 and ($413M) in FY2025, with operating income at 10.9% of revenue in FY2023, 4.1% in FY2024 and -35.6% in FY2025. The capital base behind it came down -29% across FY2023–FY2025, from $2.0B to $1.4B, so this return is struck on a smaller base than it started on. FY2025's operating profit carried a $557M goodwill write-off and a $14M asset write-down that alone took about 32.7 points off that year's return, so about 32.7 of the 37.1-point fall across FY2023–FY2025 is that charge landing in the latest year rather than the capital earning less.
stopped
FY2024→FY2025
Shareholder returns — halted.Capital returns have STOPPED — $25M of buybacks + dividends in FY2024, but ~$0 in FY2025. A halt usually means the company is conserving cash.
47d DSO
FY2024→FY2025
Receivables vs revenue.Days sales outstanding moved from 43 to 47 days FY2024→FY2025 (receivables +15% vs revenue +5%). Receivables are creeping up relative to sales. Across FY2023–FY2025 the day count ran 43 → 43 → 47 days, so the latest reading sits on top of a record that was flat or falling before it — one year's move, not a direction the business has been travelling in. Both figures are measured on period-end balances rather than the beginning-plus-ending average, because averaging needs the balance a year before every reading — FY2024's opening balance is on file, but across the 3 fiscal years read here (FY2023–FY2025) the average yields only 2 day counts (1 step), too few to tell a climb from one year's move.
$557M
FY2025–FY2025
Key fundamentals
Latest Revenue$1.47B
Revenue Growth YoY+5.3%
Revenue CAGR (2yr)+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?