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Side-by-side financial comparison of FOX FACTORY HOLDING CORP (FOXF) and iRhythm Holdings, Inc. (IRTC). 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 $208.9M, roughly 1.8× iRhythm Holdings, Inc.). iRhythm Holdings, Inc. runs the higher net margin — 2.7% vs -0.2%, a 2.8% gap on every dollar of revenue. On growth, iRhythm Holdings, Inc. posted the faster year-over-year revenue change (27.1% vs 4.8%). iRhythm Holdings, Inc. produced more free cash flow last quarter ($14.5M vs $-2.5M). Over the past eight quarters, iRhythm Holdings, Inc.'s revenue compounded faster (25.8% CAGR vs 6.4%).
Fox Factory Holding Corp. is an American company best known for their Fox Racing Shox brand of off-road racing suspension components.
iRhythm Holdings is a digital healthcare company focused on cardiac care, developing and commercializing wearable ambulatory heart monitoring devices paired with AI-powered analytical tools. It primarily serves healthcare providers and patients across the United States, helping to detect undiagnosed arrhythmias such as atrial fibrillation through convenient long-term heart rhythm tracking that delivers actionable clinical insights.
FOXF vs IRTC — Head-to-Head
Income Statement — Q3 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $376.4M | $208.9M |
| Net Profit | $-634.0K | $5.6M |
| Gross Margin | 30.4% | 70.9% |
| Operating Margin | 4.0% | 1.1% |
| Net Margin | -0.2% | 2.7% |
| Revenue YoY | 4.8% | 27.1% |
| Net Profit YoY | -113.3% | 518.5% |
| EPS (diluted) | $-0.02 | $0.18 |
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 25 | $376.4M | $208.9M | ||
| Q3 25 | $374.9M | $192.9M | ||
| Q2 25 | $355.0M | $186.7M | ||
| Q1 25 | $352.8M | $158.7M | ||
| Q4 24 | — | $164.3M | ||
| Q3 24 | $359.1M | $147.5M | ||
| Q2 24 | $348.5M | $148.0M | ||
| Q1 24 | $333.5M | $131.9M |
| Q4 25 | $-634.0K | $5.6M | ||
| Q3 25 | $2.7M | $-5.2M | ||
| Q2 25 | $-259.7M | $-14.2M | ||
| Q1 25 | $-141.0K | $-30.7M | ||
| Q4 24 | — | $-1.3M | ||
| Q3 24 | $4.8M | $-46.2M | ||
| Q2 24 | $5.4M | $-20.1M | ||
| Q1 24 | $-3.5M | $-45.7M |
| Q4 25 | 30.4% | 70.9% | ||
| Q3 25 | 31.2% | 71.1% | ||
| Q2 25 | 30.9% | 71.2% | ||
| Q1 25 | 28.9% | 68.8% | ||
| Q4 24 | — | 70.0% | ||
| Q3 24 | 29.9% | 68.8% | ||
| Q2 24 | 31.8% | 69.9% | ||
| Q1 24 | 30.9% | 66.3% |
| Q4 25 | 4.0% | 1.1% | ||
| Q3 25 | 4.9% | -4.4% | ||
| Q2 25 | -70.6% | -10.0% | ||
| Q1 25 | 3.2% | -20.5% | ||
| Q4 24 | — | -2.5% | ||
| Q3 24 | 5.2% | -34.1% | ||
| Q2 24 | 5.3% | -15.5% | ||
| Q1 24 | 2.7% | -28.9% |
| Q4 25 | -0.2% | 2.7% | ||
| Q3 25 | 0.7% | -2.7% | ||
| Q2 25 | -73.1% | -7.6% | ||
| Q1 25 | -0.0% | -19.3% | ||
| Q4 24 | — | -0.8% | ||
| Q3 24 | 1.3% | -31.3% | ||
| Q2 24 | 1.6% | -13.6% | ||
| Q1 24 | -1.0% | -34.6% |
| Q4 25 | $-0.02 | $0.18 | ||
| Q3 25 | $0.07 | $-0.16 | ||
| Q2 25 | $-6.23 | $-0.44 | ||
| Q1 25 | $0.00 | $-0.97 | ||
| Q4 24 | — | $-0.03 | ||
| Q3 24 | $0.11 | $-1.48 | ||
| Q2 24 | $0.13 | $-0.65 | ||
| Q1 24 | $-0.08 | $-1.47 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $583.8M |
| Total DebtLower is stronger | $536.7M | — |
| Stockholders' EquityBook value | $956.0M | $152.7M |
| Total Assets | $2.0B | $1.0B |
| Debt / EquityLower = less leverage | 0.56× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $583.8M | ||
| Q3 25 | — | $565.2M | ||
| Q2 25 | — | $545.5M | ||
| Q1 25 | $71.7M | $520.6M | ||
| Q4 24 | — | $535.6M | ||
| Q3 24 | — | $522.0M | ||
| Q2 24 | — | $561.5M | ||
| Q1 24 | — | $569.1M |
| 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 | — |
| Q4 25 | $956.0M | $152.7M | ||
| Q3 25 | $958.7M | $121.9M | ||
| Q2 25 | $939.9M | $103.7M | ||
| Q1 25 | $1.2B | $86.7M | ||
| Q4 24 | — | $90.9M | ||
| Q3 24 | $1.2B | $71.8M | ||
| Q2 24 | $1.2B | $99.2M | ||
| Q1 24 | $1.2B | $90.3M |
| Q4 25 | $2.0B | $1.0B | ||
| Q3 25 | $2.0B | $995.2M | ||
| Q2 25 | $1.9B | $964.0M | ||
| Q1 25 | $2.2B | $926.1M | ||
| Q4 24 | — | $931.4M | ||
| Q3 24 | $2.3B | $909.7M | ||
| Q2 24 | $2.3B | $919.2M | ||
| Q1 24 | $2.2B | $909.8M |
| 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 | | |
|---|---|---|
| Operating Cash FlowLast quarter | $5.3M | $26.2M |
| Free Cash FlowOCF − Capex | $-2.5M | $14.5M |
| FCF MarginFCF / Revenue | -0.7% | 6.9% |
| Capex IntensityCapex / Revenue | 2.1% | 5.6% |
| Cash ConversionOCF / Net Profit | — | 4.70× |
| TTM Free Cash FlowTrailing 4 quarters | $85.4M | $34.5M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $5.3M | $26.2M | ||
| Q3 25 | $36.8M | $34.9M | ||
| Q2 25 | $680.0K | $27.7M | ||
| Q1 25 | $81.7M | $-7.9M | ||
| Q4 24 | — | $19.2M | ||
| Q3 24 | $14.1M | $24.3M | ||
| Q2 24 | $26.7M | $11.8M | ||
| Q1 24 | $9.4M | $-52.0M |
| Q4 25 | $-2.5M | $14.5M | ||
| Q3 25 | $24.6M | $20.1M | ||
| Q2 25 | $-6.5M | $17.3M | ||
| Q1 25 | $69.8M | $-17.3M | ||
| Q4 24 | — | $12.4M | ||
| Q3 24 | $3.2M | $15.5M | ||
| Q2 24 | $15.4M | $3.4M | ||
| Q1 24 | $-555.0K | $-61.8M |
| Q4 25 | -0.7% | 6.9% | ||
| Q3 25 | 6.6% | 10.4% | ||
| Q2 25 | -1.8% | 9.3% | ||
| Q1 25 | 19.8% | -10.9% | ||
| Q4 24 | — | 7.5% | ||
| Q3 24 | 0.9% | 10.5% | ||
| Q2 24 | 4.4% | 2.3% | ||
| Q1 24 | -0.2% | -46.8% |
| Q4 25 | 2.1% | 5.6% | ||
| Q3 25 | 3.3% | 7.7% | ||
| Q2 25 | 2.0% | 5.6% | ||
| Q1 25 | 3.4% | 5.9% | ||
| Q4 24 | — | 4.2% | ||
| Q3 24 | 3.0% | 6.0% | ||
| Q2 24 | 3.2% | 5.7% | ||
| Q1 24 | 3.0% | 7.4% |
| Q4 25 | — | 4.70× | ||
| Q3 25 | 13.41× | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 2.94× | — | ||
| Q2 24 | 4.94× | — | ||
| Q1 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
FOXF
| Specialty Sports Group | $132.7M | 35% |
| Powered Vehicles Group | $125.9M | 33% |
| Aftermarket Applications Group | $117.8M | 31% |
IRTC
| Commercial Payors | $111.7M | 53% |
| Centers For Medicare And Medicaid | $49.2M | 24% |
| Healthcare Institutions | $34.3M | 16% |
| Non Contracted Third Party Payors | $13.7M | 7% |
