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Side-by-side financial comparison of FOX FACTORY HOLDING CORP (FOXF) and LiveWire Group, Inc. (LVWR). 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 $11.4M, roughly 33.1× LiveWire Group, Inc.). FOX FACTORY HOLDING CORP runs the higher net margin — -0.2% vs -155.2%, a 155.0% gap on every dollar of revenue. On growth, LiveWire Group, Inc. posted the faster year-over-year revenue change (5.5% vs 4.8%). FOX FACTORY HOLDING CORP produced more free cash flow last quarter ($-2.5M vs $-8.9M). Over the past eight quarters, LiveWire Group, Inc.'s revenue compounded faster (51.0% 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.
LiveWire is an American electric motorcycle manufacturer. It was initially launched as a dedicated electric vehicle (EV) division for Harley Davidson in July 2021. The company was spun-off from its parent and went public on September 27, 2022, via merger with a special-purpose acquisition company (SPAC). It was the first publicly traded electric motorcycle company in the United States.
FOXF vs LVWR — Head-to-Head
Income Statement — Q3 2026 vs Q4 2025
| Metric | | |
|---|---|---|
| Revenue | $376.4M | $11.4M |
| Net Profit | $-634.0K | $-17.6M |
| Gross Margin | 30.4% | 0.8% |
| Operating Margin | 4.0% | -156.2% |
| Net Margin | -0.2% | -155.2% |
| Revenue YoY | 4.8% | 5.5% |
| Net Profit YoY | -113.3% | 22.6% |
| EPS (diluted) | $-0.02 | $-0.09 |
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 | $11.4M | ||
| Q3 25 | $374.9M | $5.7M | ||
| Q2 25 | $355.0M | $5.9M | ||
| Q1 25 | $352.8M | $2.7M | ||
| Q4 24 | — | $10.8M | ||
| Q3 24 | $359.1M | $4.4M | ||
| Q2 24 | $348.5M | $6.4M | ||
| Q1 24 | $333.5M | $5.0M |
| Q4 25 | $-634.0K | $-17.6M | ||
| Q3 25 | $2.7M | $-19.4M | ||
| Q2 25 | $-259.7M | $-18.8M | ||
| Q1 25 | $-141.0K | $-19.3M | ||
| Q4 24 | — | $-22.8M | ||
| Q3 24 | $4.8M | $-22.7M | ||
| Q2 24 | $5.4M | $-24.8M | ||
| Q1 24 | $-3.5M | $-23.6M |
| Q4 25 | 30.4% | 0.8% | ||
| Q3 25 | 31.2% | -50.9% | ||
| Q2 25 | 30.9% | 9.3% | ||
| Q1 25 | 28.9% | -79.0% | ||
| Q4 24 | — | -49.8% | ||
| Q3 24 | 29.9% | -34.2% | ||
| Q2 24 | 31.8% | -27.6% | ||
| Q1 24 | 30.9% | -82.9% |
| Q4 25 | 4.0% | -156.2% | ||
| Q3 25 | 4.9% | -330.0% | ||
| Q2 25 | -70.6% | -311.0% | ||
| Q1 25 | 3.2% | -753.4% | ||
| Q4 24 | — | -234.6% | ||
| Q3 24 | 5.2% | -596.7% | ||
| Q2 24 | 5.3% | -436.7% | ||
| Q1 24 | 2.7% | -611.1% |
| Q4 25 | -0.2% | -155.2% | ||
| Q3 25 | 0.7% | -340.2% | ||
| Q2 25 | -73.1% | -320.6% | ||
| Q1 25 | -0.0% | -702.6% | ||
| Q4 24 | — | -211.7% | ||
| Q3 24 | 1.3% | -510.6% | ||
| Q2 24 | 1.6% | -384.6% | ||
| Q1 24 | -1.0% | -475.0% |
| Q4 25 | $-0.02 | $-0.09 | ||
| Q3 25 | $0.07 | $-0.10 | ||
| Q2 25 | $-6.23 | $-0.09 | ||
| Q1 25 | $0.00 | $-0.09 | ||
| Q4 24 | — | $-0.11 | ||
| Q3 24 | $0.11 | $-0.11 | ||
| Q2 24 | $0.13 | $-0.12 | ||
| Q1 24 | $-0.08 | $-0.12 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $82.8M |
| Total DebtLower is stronger | $536.7M | — |
| Stockholders' EquityBook value | $956.0M | $46.0M |
| Total Assets | $2.0B | $146.4M |
| Debt / EquityLower = less leverage | 0.56× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $82.8M | ||
| Q3 25 | — | $16.3M | ||
| Q2 25 | — | $29.3M | ||
| Q1 25 | $71.7M | $46.2M | ||
| Q4 24 | — | $64.4M | ||
| Q3 24 | — | $88.4M | ||
| Q2 24 | — | $113.0M | ||
| Q1 24 | — | $141.0M |
| 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 | $46.0M | ||
| Q3 25 | $958.7M | $61.8M | ||
| Q2 25 | $939.9M | $79.7M | ||
| Q1 25 | $1.2B | $97.2M | ||
| Q4 24 | — | $115.1M | ||
| Q3 24 | $1.2B | $137.7M | ||
| Q2 24 | $1.2B | $159.0M | ||
| Q1 24 | $1.2B | $183.8M |
| Q4 25 | $2.0B | $146.4M | ||
| Q3 25 | $2.0B | $89.2M | ||
| Q2 25 | $1.9B | $109.8M | ||
| Q1 25 | $2.2B | $128.3M | ||
| Q4 24 | — | $148.0M | ||
| Q3 24 | $2.3B | $178.3M | ||
| Q2 24 | $2.3B | $204.9M | ||
| Q1 24 | $2.2B | $237.1M |
| 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 | $-7.9M |
| Free Cash FlowOCF − Capex | $-2.5M | $-8.9M |
| FCF MarginFCF / Revenue | -0.7% | -78.7% |
| Capex IntensityCapex / Revenue | 2.1% | 9.1% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $85.4M | $-57.4M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $5.3M | $-7.9M | ||
| Q3 25 | $36.8M | $-13.3M | ||
| Q2 25 | $680.0K | $-14.9M | ||
| Q1 25 | $81.7M | $-17.5M | ||
| Q4 24 | — | $-21.9M | ||
| Q3 24 | $14.1M | $-23.1M | ||
| Q2 24 | $26.7M | $-26.0M | ||
| Q1 24 | $9.4M | $-22.9M |
| Q4 25 | $-2.5M | $-8.9M | ||
| Q3 25 | $24.6M | $-14.0M | ||
| Q2 25 | $-6.5M | $-16.3M | ||
| Q1 25 | $69.8M | $-18.1M | ||
| Q4 24 | — | $-23.3M | ||
| Q3 24 | $3.2M | $-24.7M | ||
| Q2 24 | $15.4M | $-27.8M | ||
| Q1 24 | $-555.0K | $-26.2M |
| Q4 25 | -0.7% | -78.7% | ||
| Q3 25 | 6.6% | -245.9% | ||
| Q2 25 | -1.8% | -277.7% | ||
| Q1 25 | 19.8% | -660.0% | ||
| Q4 24 | — | -216.3% | ||
| Q3 24 | 0.9% | -555.3% | ||
| Q2 24 | 4.4% | -431.1% | ||
| Q1 24 | -0.2% | -525.6% |
| Q4 25 | 2.1% | 9.1% | ||
| Q3 25 | 3.3% | 12.9% | ||
| Q2 25 | 2.0% | 24.3% | ||
| Q1 25 | 3.4% | 22.3% | ||
| Q4 24 | — | 13.1% | ||
| Q3 24 | 3.0% | 35.6% | ||
| Q2 24 | 3.2% | 28.5% | ||
| Q1 24 | 3.0% | 65.1% |
| Q4 25 | — | — | ||
| 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% |
LVWR
Segment breakdown not available.
