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Side-by-side financial comparison of FOX FACTORY HOLDING CORP (FOXF) and IREN Ltd (IREN). 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 $184.7M, roughly 2.0× IREN Ltd). On growth, IREN Ltd posted the faster year-over-year revenue change (59.0% vs 2.3%).
Fox Factory Holding Corp. is an American company best known for their Fox Racing Shox brand of off-road racing suspension components.
IREN Ltd. is a vertically integrated data center business powering the future of Bitcoin, AI and beyond with renewable energy. It is strategically located in renewable-rich, fiber-connected regions across the US and Canada.
FOXF vs IREN — Head-to-Head
Income Statement — Q4 FY2027 vs Q2 FY2026
| Metric | | |
|---|---|---|
| Revenue | $361.1M | $184.7M |
| Net Profit | — | $-155.4M |
| Gross Margin | 28.3% | 64.4% |
| Operating Margin | -13.0% | -63.0% |
| Net Margin | — | -84.1% |
| Revenue YoY | 2.3% | 59.0% |
| Net Profit YoY | — | -610.0% |
| EPS (diluted) | $-6.86 | $-0.52 |
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.
| Q4 26 | $361.1M | — | ||
| Q1 26 | $368.7M | — | ||
| Q4 25 | $376.4M | $184.7M | ||
| Q3 25 | $374.9M | $240.3M | ||
| Q2 25 | $355.0M | — | ||
| Q1 25 | $352.8M | — | ||
| Q4 24 | — | $116.1M | ||
| Q3 24 | $359.1M | $52.8M |
| Q4 26 | — | — | ||
| Q1 26 | $-15.0M | — | ||
| Q4 25 | $-634.0K | $-155.4M | ||
| Q3 25 | $2.7M | $384.6M | ||
| Q2 25 | $-259.7M | — | ||
| Q1 25 | $-141.0K | — | ||
| Q4 24 | — | $-21.9M | ||
| Q3 24 | $4.8M | $-51.7M |
| Q4 26 | 28.3% | — | ||
| Q1 26 | 28.9% | — | ||
| Q4 25 | 30.4% | 64.4% | ||
| Q3 25 | 31.2% | 66.4% | ||
| Q2 25 | 30.9% | — | ||
| Q1 25 | 28.9% | — | ||
| Q4 24 | — | 72.2% | ||
| Q3 24 | 29.9% | 39.6% |
| Q4 26 | -13.0% | — | ||
| Q1 26 | 72.8% | — | ||
| Q4 25 | 4.0% | -63.0% | ||
| Q3 25 | 4.9% | -31.8% | ||
| Q2 25 | -70.6% | — | ||
| Q1 25 | 3.2% | — | ||
| Q4 24 | — | 14.9% | ||
| Q3 24 | 5.2% | -89.2% |
| Q4 26 | — | — | ||
| Q1 26 | -4.1% | — | ||
| Q4 25 | -0.2% | -84.1% | ||
| Q3 25 | 0.7% | 160.1% | ||
| Q2 25 | -73.1% | — | ||
| Q1 25 | -0.0% | — | ||
| Q4 24 | — | -18.8% | ||
| Q3 24 | 1.3% | -98.0% |
| Q4 26 | $-6.86 | — | ||
| Q1 26 | $-0.36 | — | ||
| Q4 25 | $-0.02 | $-0.52 | ||
| Q3 25 | $0.07 | $1.08 | ||
| Q2 25 | $-6.23 | — | ||
| Q1 25 | $0.00 | — | ||
| Q4 24 | — | $-0.10 | ||
| Q3 24 | $0.11 | $-0.27 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $58.0M | $3.3B |
| Total DebtLower is stronger | $26.9M | — |
| Stockholders' EquityBook value | $670.2M | $2.5B |
| Total Assets | $1.7B | $7.0B |
| Debt / EquityLower = less leverage | 0.04× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 26 | $58.0M | — | ||
| Q1 26 | $53.9M | — | ||
| Q4 25 | — | $3.3B | ||
| Q3 25 | — | $1.0B | ||
| Q2 25 | — | — | ||
| Q1 25 | $71.7M | — | ||
| Q4 24 | — | $427.3M | ||
| Q3 24 | — | $98.6M |
| Q4 26 | $26.9M | — | ||
| Q1 26 | $26.9M | — | ||
| Q4 25 | $536.7M | — | ||
| Q3 25 | $541.8M | — | ||
| Q2 25 | $546.9M | — | ||
| Q1 25 | $552.1M | — | ||
| Q4 24 | — | — | ||
| Q3 24 | $558.4M | — |
| Q4 26 | $670.2M | — | ||
| Q1 26 | $658.8M | — | ||
| Q4 25 | $956.0M | $2.5B | ||
| Q3 25 | $958.7M | $2.9B | ||
| Q2 25 | $939.9M | — | ||
| Q1 25 | $1.2B | — | ||
| Q4 24 | — | $1.2B | ||
| Q3 24 | $1.2B | $1.1B |
| Q4 26 | $1.7B | — | ||
| Q1 26 | $1.7B | — | ||
| Q4 25 | $2.0B | $7.0B | ||
| Q3 25 | $2.0B | $4.3B | ||
| Q2 25 | $1.9B | — | ||
| Q1 25 | $2.2B | — | ||
| Q4 24 | — | $1.9B | ||
| Q3 24 | $2.3B | $1.3B |
| Q4 26 | 0.04× | — | ||
| Q1 26 | 0.04× | — | ||
| Q4 25 | 0.56× | — | ||
| Q3 25 | 0.57× | — | ||
| Q2 25 | 0.58× | — | ||
| Q1 25 | 0.46× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 0.47× | — |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $60.9M | $71.7M |
| Free Cash FlowOCF − Capex | — | $-468.0M |
| FCF MarginFCF / Revenue | — | -253.4% |
| Capex IntensityCapex / Revenue | — | 292.2% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $-701.2M |
8-quarter trend — quarters aligned by calendar period.
| Q4 26 | $60.9M | — | ||
| Q1 26 | — | — | ||
| Q4 25 | $5.3M | $71.7M | ||
| Q3 25 | $36.8M | $142.4M | ||
| Q2 25 | $680.0K | — | ||
| Q1 25 | $81.7M | — | ||
| Q4 24 | — | $53.6M | ||
| Q3 24 | $14.1M | $-3.9M |
| Q4 26 | — | — | ||
| Q1 26 | — | — | ||
| Q4 25 | $-2.5M | $-468.0M | ||
| Q3 25 | $24.6M | $-38.0M | ||
| Q2 25 | $-6.5M | — | ||
| Q1 25 | $69.8M | — | ||
| Q4 24 | — | $-85.5M | ||
| Q3 24 | $3.2M | $-109.7M |
| Q4 26 | — | — | ||
| Q1 26 | — | — | ||
| Q4 25 | -0.7% | -253.4% | ||
| Q3 25 | 6.6% | -15.8% | ||
| Q2 25 | -1.8% | — | ||
| Q1 25 | 19.8% | — | ||
| Q4 24 | — | -73.6% | ||
| Q3 24 | 0.9% | -208.0% |
| Q4 26 | — | — | ||
| Q1 26 | — | — | ||
| Q4 25 | 2.1% | 292.2% | ||
| Q3 25 | 3.3% | 75.0% | ||
| Q2 25 | 2.0% | — | ||
| Q1 25 | 3.4% | — | ||
| Q4 24 | — | 119.7% | ||
| Q3 24 | 3.0% | 200.6% |
| Q4 26 | — | — | ||
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | 13.41× | 0.37× | ||
| 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
| Aftermarket Applications Group | $126.2M | 35% |
| Specialty Sports Group | $118.2M | 33% |
| Powered Vehicles Group | $116.7M | 32% |
IREN
| Bitcoin Mining Revenue | $167.4M | 91% |
| AI Cloud Services | $17.3M | 9% |
