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Side-by-side financial comparison of FOX FACTORY HOLDING CORP (FOXF) and INTERNATIONAL BANCSHARES CORP (IBOC). Click either name above to swap in a different company.

FOX FACTORY HOLDING CORP is the larger business by last-quarter revenue ($376.4M vs $217.7M, roughly 1.7× INTERNATIONAL BANCSHARES CORP). INTERNATIONAL BANCSHARES CORP runs the higher net margin — 62.3% vs -0.2%, a 62.5% gap on every dollar of revenue. On growth, FOX FACTORY HOLDING CORP posted the faster year-over-year revenue change (4.8% vs 4.5%). INTERNATIONAL BANCSHARES CORP produced more free cash flow last quarter ($472.9M vs $-2.5M). Over the past eight quarters, FOX FACTORY HOLDING CORP's revenue compounded faster (6.4% CAGR vs 2.8%).

Fox Factory Holding Corp. is an American company best known for their Fox Racing Shox brand of off-road racing suspension components.

International Bancshares Corporation is a bank holding company based in Laredo, Texas whose primary subsidiary is International Bank of Commerce. Through its bank subsidiaries, it has 217 banking offices and 315 automated teller machines serving 88 communities in the U.S. states of Texas and Oklahoma.

FOXF vs IBOC — Head-to-Head

Bigger by revenue
FOXF
FOXF
1.7× larger
FOXF
$376.4M
$217.7M
IBOC
Growing faster (revenue YoY)
FOXF
FOXF
+0.3% gap
FOXF
4.8%
4.5%
IBOC
Higher net margin
IBOC
IBOC
62.5% more per $
IBOC
62.3%
-0.2%
FOXF
More free cash flow
IBOC
IBOC
$475.4M more FCF
IBOC
$472.9M
$-2.5M
FOXF
Faster 2-yr revenue CAGR
FOXF
FOXF
Annualised
FOXF
6.4%
2.8%
IBOC

Income Statement — Q3 FY2025 vs Q4 FY2025

Metric
FOXF
FOXF
IBOC
IBOC
Revenue
$376.4M
$217.7M
Net Profit
$-634.0K
$106.9M
Gross Margin
30.4%
Operating Margin
4.0%
62.8%
Net Margin
-0.2%
62.3%
Revenue YoY
4.8%
4.5%
Net Profit YoY
-113.3%
-7.1%
EPS (diluted)
$-0.02
$1.71

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
FOXF
FOXF
IBOC
IBOC
Q4 25
$376.4M
$217.7M
Q3 25
$374.9M
$218.1M
Q2 25
$355.0M
$208.2M
Q1 25
$352.8M
$198.2M
Q4 24
$208.3M
Q3 24
$359.1M
$211.8M
Q2 24
$348.5M
$207.8M
Q1 24
$333.5M
$205.8M
Net Profit
FOXF
FOXF
IBOC
IBOC
Q4 25
$-634.0K
$106.9M
Q3 25
$2.7M
$108.4M
Q2 25
$-259.7M
$100.1M
Q1 25
$-141.0K
$96.9M
Q4 24
$115.1M
Q3 24
$4.8M
$99.8M
Q2 24
$5.4M
$97.0M
Q1 24
$-3.5M
$97.3M
Gross Margin
FOXF
FOXF
IBOC
IBOC
Q4 25
30.4%
Q3 25
31.2%
Q2 25
30.9%
Q1 25
28.9%
Q4 24
Q3 24
29.9%
Q2 24
31.8%
Q1 24
30.9%
Operating Margin
FOXF
FOXF
IBOC
IBOC
Q4 25
4.0%
62.8%
Q3 25
4.9%
62.6%
Q2 25
-70.6%
60.5%
Q1 25
3.2%
61.1%
Q4 24
64.2%
Q3 24
5.2%
60.0%
Q2 24
5.3%
60.1%
Q1 24
2.7%
59.9%
Net Margin
FOXF
FOXF
IBOC
IBOC
Q4 25
-0.2%
62.3%
Q3 25
0.7%
49.7%
Q2 25
-73.1%
48.1%
Q1 25
-0.0%
48.9%
Q4 24
71.5%
Q3 24
1.3%
47.1%
Q2 24
1.6%
46.7%
Q1 24
-1.0%
47.3%
EPS (diluted)
FOXF
FOXF
IBOC
IBOC
Q4 25
$-0.02
$1.71
Q3 25
$0.07
$1.74
Q2 25
$-6.23
$1.61
Q1 25
$0.00
$1.56
Q4 24
$1.85
Q3 24
$0.11
$1.60
Q2 24
$0.13
$1.56
Q1 24
$-0.08
$1.56

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
FOXF
FOXF
IBOC
IBOC
Cash + ST InvestmentsLiquidity on hand
$5.5B
Total DebtLower is stronger
$536.7M
Stockholders' EquityBook value
$956.0M
$3.3B
Total Assets
$2.0B
$16.6B
Debt / EquityLower = less leverage
0.56×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FOXF
FOXF
IBOC
IBOC
Q4 25
$5.5B
Q3 25
$5.6B
Q2 25
$5.8B
Q1 25
$71.7M
$5.6B
Q4 24
$5.4B
Q3 24
$5.8B
Q2 24
$5.7B
Q1 24
$5.7B
Total Debt
FOXF
FOXF
IBOC
IBOC
Q4 25
$536.7M
Q3 25
$541.8M
Q2 25
$546.9M
Q1 25
$552.1M
Q4 24
Q3 24
$558.4M
Q2 24
$564.1M
Q1 24
$370.4M
Stockholders' Equity
FOXF
FOXF
IBOC
IBOC
Q4 25
$956.0M
$3.3B
Q3 25
$958.7M
$3.1B
Q2 25
$939.9M
$3.0B
Q1 25
$1.2B
$2.9B
Q4 24
$2.8B
Q3 24
$1.2B
$2.7B
Q2 24
$1.2B
$2.6B
Q1 24
$1.2B
$2.5B
Total Assets
FOXF
FOXF
IBOC
IBOC
Q4 25
$2.0B
$16.6B
Q3 25
$2.0B
$16.6B
Q2 25
$1.9B
$16.5B
Q1 25
$2.2B
$16.3B
Q4 24
$15.7B
Q3 24
$2.3B
$15.9B
Q2 24
$2.3B
$15.5B
Q1 24
$2.2B
$15.4B
Debt / Equity
FOXF
FOXF
IBOC
IBOC
Q4 25
0.56×
Q3 25
0.57×
Q2 25
0.58×
Q1 25
0.46×
Q4 24
Q3 24
0.47×
Q2 24
0.47×
Q1 24
0.31×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
FOXF
FOXF
IBOC
IBOC
Operating Cash FlowLast quarter
$5.3M
$491.1M
Free Cash FlowOCF − Capex
$-2.5M
$472.9M
FCF MarginFCF / Revenue
-0.7%
217.2%
Capex IntensityCapex / Revenue
2.1%
8.3%
Cash ConversionOCF / Net Profit
4.59×
TTM Free Cash FlowTrailing 4 quarters
$85.4M
$809.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FOXF
FOXF
IBOC
IBOC
Q4 25
$5.3M
$491.1M
Q3 25
$36.8M
$115.2M
Q2 25
$680.0K
$95.5M
Q1 25
$81.7M
$140.5M
Q4 24
$473.9M
Q3 24
$14.1M
$116.5M
Q2 24
$26.7M
$107.2M
Q1 24
$9.4M
$135.4M
Free Cash Flow
FOXF
FOXF
IBOC
IBOC
Q4 25
$-2.5M
$472.9M
Q3 25
$24.6M
$112.2M
Q2 25
$-6.5M
$91.6M
Q1 25
$69.8M
$133.1M
Q4 24
$459.8M
Q3 24
$3.2M
$109.6M
Q2 24
$15.4M
$104.9M
Q1 24
$-555.0K
$128.9M
FCF Margin
FOXF
FOXF
IBOC
IBOC
Q4 25
-0.7%
217.2%
Q3 25
6.6%
51.5%
Q2 25
-1.8%
44.0%
Q1 25
19.8%
67.1%
Q4 24
220.8%
Q3 24
0.9%
51.7%
Q2 24
4.4%
50.5%
Q1 24
-0.2%
62.6%
Capex Intensity
FOXF
FOXF
IBOC
IBOC
Q4 25
2.1%
8.3%
Q3 25
3.3%
1.3%
Q2 25
2.0%
1.9%
Q1 25
3.4%
3.7%
Q4 24
6.8%
Q3 24
3.0%
3.3%
Q2 24
3.2%
1.1%
Q1 24
3.0%
3.2%
Cash Conversion
FOXF
FOXF
IBOC
IBOC
Q4 25
4.59×
Q3 25
13.41×
1.06×
Q2 25
0.95×
Q1 25
1.45×
Q4 24
4.12×
Q3 24
2.94×
1.17×
Q2 24
4.94×
1.11×
Q1 24
1.39×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

FOXF
FOXF

Specialty Sports Group$132.7M35%
Powered Vehicles Group$125.9M33%
Aftermarket Applications Group$117.8M31%

IBOC
IBOC

Segment breakdown not available.

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