Fox Factory vs XPEL
Fox Factory reported revenue of $1.5 billion in fiscal 2025, 3.1 times XPEL's $476 million in fiscal 2025. Fox Factory's revenue grew 5.3% in its latest year, and XPEL's grew 13.3%. Fox Factory had an operating margin of -35.6%, against 13.2% at XPEL. Free cash flow was $27 million at Fox Factory and $63 million at XPEL. Their fiscal years end in different months (January 2 and December 31), so the periods don't line up exactly.
Side by side
| Fox Factory | XPEL | |
|---|---|---|
| Latest fiscal year | FY2025, Jan 2, 2026 | FY2025, Dec 31, 2025 |
| Revenue | $1.5B | $476M |
| Revenue growth | 5.3% | 13.3% |
| Revenue growth a year, last 5 years | 10.5% | 24.5% |
| Gross margin | 30.2% | 42.2% |
| Operating margin | −35.6% | 13.2% |
| Net margin | −37.1% | 10.8% |
| Free cash flow | $27M | $63M |
| Free cash flow margin | 1.8% | 13.2% |
| Return on capital | −29.3% | 23.0% |
| Net debt to EBITDA | — | −0.7x |
| Dividends and buybacks | $0M | $3M |
| Change in diluted share count | 0.2% | 0.1% |
| Last close | $14.73 | $42.40 |
| P/E at the last close | — | 21.5× |
| Insider trades, last 12 months | bought $312,400, sold $0 | — |
| Piotroski F-score | 4 of 9 | 5 of 9 |
Amounts in each company's own currency, US$ unless marked (a foreign company may report in another), each company's latest fiscal year from its 10-K, or 20-F or 40-F for a foreign company. Growth rates compare with the year before; the five-year rate is the average a year. Free cash flow is cash from operations minus capital spending; return on capital is after-tax operating income over the money invested in the business; P/E is the last close over the latest earnings per share. Banks are measured differently (return on equity, efficiency ratio), so some rows apply to one company only.
Ten years
Revenue
US$ billions, fiscal years
Fox FactoryXPEL
Operating margin
Percent of revenue
Fox FactoryXPEL
Free cash flow
US$ billions. Cash from operations minus capital expenditure.
Fox FactoryXPEL
Source: the companies' Form 10-K filings, from SEC EDGAR, and the last close. For information only, not investment advice: the figures describe results, not which company is the better investment. The Filing Desk is not affiliated with either company. Full figures on the Fox Factory and XPEL pages.