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

FOX FACTORY HOLDING CORP is the larger business by last-quarter revenue ($361.1M vs $263.8M, roughly 1.4× INSMED Inc). On growth, INSMED Inc posted the faster year-over-year revenue change (152.6% vs 2.3%). Over the past eight quarters, INSMED Inc's revenue compounded faster (86.9% CAGR vs 1.8%).

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

Insmed Inc. is a global biopharmaceutical firm focused on developing and commercializing innovative therapies for patients with serious rare diseases that have high unmet medical needs. Its key offerings target pulmonary and endocrine rare disorders, serving markets across North America, Europe, and Asia Pacific.

FOXF vs INSM — Head-to-Head

Bigger by revenue
FOXF
FOXF
1.4× larger
FOXF
$361.1M
$263.8M
INSM
Growing faster (revenue YoY)
INSM
INSM
+150.3% gap
INSM
152.6%
2.3%
FOXF
Faster 2-yr revenue CAGR
INSM
INSM
Annualised
INSM
86.9%
1.8%
FOXF

Income Statement — Q4 FY2027 vs Q4 FY2025

Metric
FOXF
FOXF
INSM
INSM
Revenue
$361.1M
$263.8M
Net Profit
$-328.5M
Gross Margin
28.3%
83.2%
Operating Margin
-13.0%
-121.2%
Net Margin
-124.5%
Revenue YoY
2.3%
152.6%
Net Profit YoY
-39.5%
EPS (diluted)
$-6.86
$-1.55

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
INSM
INSM
Q4 26
$361.1M
Q1 26
$368.7M
Q4 25
$376.4M
$263.8M
Q3 25
$374.9M
$142.3M
Q2 25
$355.0M
$107.4M
Q1 25
$352.8M
$92.8M
Q4 24
$104.4M
Q3 24
$359.1M
$93.4M
Net Profit
FOXF
FOXF
INSM
INSM
Q4 26
Q1 26
$-15.0M
Q4 25
$-634.0K
$-328.5M
Q3 25
$2.7M
$-370.0M
Q2 25
$-259.7M
$-321.7M
Q1 25
$-141.0K
$-256.6M
Q4 24
$-235.5M
Q3 24
$4.8M
$-220.5M
Gross Margin
FOXF
FOXF
INSM
INSM
Q4 26
28.3%
Q1 26
28.9%
Q4 25
30.4%
83.2%
Q3 25
31.2%
79.4%
Q2 25
30.9%
73.9%
Q1 25
28.9%
77.1%
Q4 24
75.0%
Q3 24
29.9%
77.3%
Operating Margin
FOXF
FOXF
INSM
INSM
Q4 26
-13.0%
Q1 26
72.8%
Q4 25
4.0%
-121.2%
Q3 25
4.9%
-257.1%
Q2 25
-70.6%
-291.3%
Q1 25
3.2%
-267.3%
Q4 24
-220.6%
Q3 24
5.2%
-228.4%
Net Margin
FOXF
FOXF
INSM
INSM
Q4 26
Q1 26
-4.1%
Q4 25
-0.2%
-124.5%
Q3 25
0.7%
-260.0%
Q2 25
-73.1%
-299.5%
Q1 25
-0.0%
-276.4%
Q4 24
-225.5%
Q3 24
1.3%
-236.0%
EPS (diluted)
FOXF
FOXF
INSM
INSM
Q4 26
$-6.86
Q1 26
$-0.36
Q4 25
$-0.02
$-1.55
Q3 25
$0.07
$-1.75
Q2 25
$-6.23
$-1.70
Q1 25
$0.00
$-1.42
Q4 24
$-1.30
Q3 24
$0.11
$-1.27

Balance Sheet & Financial Strength

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

Metric
FOXF
FOXF
INSM
INSM
Cash + ST InvestmentsLiquidity on hand
$58.0M
$1.4B
Total DebtLower is stronger
$26.9M
$546.8M
Stockholders' EquityBook value
$670.2M
$739.0M
Total Assets
$1.7B
$2.3B
Debt / EquityLower = less leverage
0.04×
0.74×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FOXF
FOXF
INSM
INSM
Q4 26
$58.0M
Q1 26
$53.9M
Q4 25
$1.4B
Q3 25
$1.7B
Q2 25
$1.9B
Q1 25
$71.7M
$1.2B
Q4 24
$1.4B
Q3 24
$1.5B
Total Debt
FOXF
FOXF
INSM
INSM
Q4 26
$26.9M
Q1 26
$26.9M
Q4 25
$536.7M
$546.8M
Q3 25
$541.8M
$546.8M
Q2 25
$546.9M
$546.8M
Q1 25
$552.1M
$1.1B
Q4 24
$1.1B
Q3 24
$558.4M
$971.8M
Stockholders' Equity
FOXF
FOXF
INSM
INSM
Q4 26
$670.2M
Q1 26
$658.8M
Q4 25
$956.0M
$739.0M
Q3 25
$958.7M
$945.6M
Q2 25
$939.9M
$1.2B
Q1 25
$1.2B
$99.2M
Q4 24
$285.4M
Q3 24
$1.2B
$483.4M
Total Assets
FOXF
FOXF
INSM
INSM
Q4 26
$1.7B
Q1 26
$1.7B
Q4 25
$2.0B
$2.3B
Q3 25
$2.0B
$2.4B
Q2 25
$1.9B
$2.5B
Q1 25
$2.2B
$1.8B
Q4 24
$2.0B
Q3 24
$2.3B
$2.1B
Debt / Equity
FOXF
FOXF
INSM
INSM
Q4 26
0.04×
Q1 26
0.04×
Q4 25
0.56×
0.74×
Q3 25
0.57×
0.58×
Q2 25
0.58×
0.44×
Q1 25
0.46×
11.31×
Q4 24
3.93×
Q3 24
0.47×
2.01×

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
INSM
INSM
Operating Cash FlowLast quarter
$60.9M
$-247.6M
Free Cash FlowOCF − Capex
$-264.2M
FCF MarginFCF / Revenue
-100.1%
Capex IntensityCapex / Revenue
6.3%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-967.6M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FOXF
FOXF
INSM
INSM
Q4 26
$60.9M
Q1 26
Q4 25
$5.3M
$-247.6M
Q3 25
$36.8M
$-219.8M
Q2 25
$680.0K
$-205.6M
Q1 25
$81.7M
$-262.1M
Q4 24
$-196.0M
Q3 24
$14.1M
$-180.9M
Free Cash Flow
FOXF
FOXF
INSM
INSM
Q4 26
Q1 26
Q4 25
$-2.5M
$-264.2M
Q3 25
$24.6M
$-222.2M
Q2 25
$-6.5M
$-209.1M
Q1 25
$69.8M
$-272.2M
Q4 24
$-202.8M
Q3 24
$3.2M
$-184.6M
FCF Margin
FOXF
FOXF
INSM
INSM
Q4 26
Q1 26
Q4 25
-0.7%
-100.1%
Q3 25
6.6%
-156.1%
Q2 25
-1.8%
-194.6%
Q1 25
19.8%
-293.2%
Q4 24
-194.1%
Q3 24
0.9%
-197.6%
Capex Intensity
FOXF
FOXF
INSM
INSM
Q4 26
Q1 26
Q4 25
2.1%
6.3%
Q3 25
3.3%
1.7%
Q2 25
2.0%
3.2%
Q1 25
3.4%
10.8%
Q4 24
6.5%
Q3 24
3.0%
3.9%
Cash Conversion
FOXF
FOXF
INSM
INSM
Q4 26
Q1 26
Q4 25
Q3 25
13.41×
Q2 25
Q1 25
Q4 24
Q3 24
2.94×

Financial Flow Comparison

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

Revenue Breakdown by Segment

FOXF
FOXF

Aftermarket Applications Group$126.2M35%
Specialty Sports Group$118.2M33%
Powered Vehicles Group$116.7M32%

INSM
INSM

Segment breakdown not available.

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