vs

Side-by-side financial comparison of FOX FACTORY HOLDING CORP (FOXF) and MARA Holdings, Inc. (MARA). 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 $202.3M, roughly 1.8× MARA Holdings, Inc.). On growth, FOX FACTORY HOLDING CORP posted the faster year-over-year revenue change (2.3% vs -5.6%). Over the past eight quarters, MARA Holdings, Inc.'s revenue compounded faster (10.7% 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.

MARA Holdings, Inc. is an American digital asset technology and cryptocurrency mining company headquartered in Fort Lauderdale, Florida. Founded in 2010, the company initially operated as a patent holding company before pivoting in the late 2010s to focus on blockchain infrastructure and digital assets.

FOXF vs MARA — Head-to-Head

Bigger by revenue
FOXF
FOXF
1.8× larger
FOXF
$361.1M
$202.3M
MARA
Growing faster (revenue YoY)
FOXF
FOXF
+8.0% gap
FOXF
2.3%
-5.6%
MARA
Faster 2-yr revenue CAGR
MARA
MARA
Annualised
MARA
10.7%
1.8%
FOXF

Income Statement — Q4 FY2027 vs Q4 FY2025

Metric
FOXF
FOXF
MARA
MARA
Revenue
$361.1M
$202.3M
Net Profit
$-1.7B
Gross Margin
28.3%
Operating Margin
-13.0%
-11795.9%
Net Margin
-14298.3%
Revenue YoY
2.3%
-5.6%
Net Profit YoY
-423.5%
EPS (diluted)
$-6.86
$-4.25

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
MARA
MARA
Q4 26
$361.1M
Q1 26
$368.7M
Q4 25
$376.4M
$202.3M
Q3 25
$374.9M
$252.4M
Q2 25
$355.0M
$238.5M
Q1 25
$352.8M
$213.9M
Q4 24
$214.4M
Q3 24
$359.1M
$131.6M
Net Profit
FOXF
FOXF
MARA
MARA
Q4 26
Q1 26
$-15.0M
Q4 25
$-634.0K
$-1.7B
Q3 25
$2.7M
$123.1M
Q2 25
$-259.7M
$808.2M
Q1 25
$-141.0K
$-533.4M
Q4 24
$528.5M
Q3 24
$4.8M
$-124.8M
Gross Margin
FOXF
FOXF
MARA
MARA
Q4 26
28.3%
Q1 26
28.9%
Q4 25
30.4%
Q3 25
31.2%
Q2 25
30.9%
Q1 25
28.9%
Q4 24
-2613.4%
Q3 24
29.9%
-1065.0%
Operating Margin
FOXF
FOXF
MARA
MARA
Q4 26
-13.0%
Q1 26
72.8%
Q4 25
4.0%
-11795.9%
Q3 25
4.9%
18.9%
Q2 25
-70.6%
Q1 25
3.2%
-253.0%
Q4 24
Q3 24
5.2%
-130.8%
Net Margin
FOXF
FOXF
MARA
MARA
Q4 26
Q1 26
-4.1%
Q4 25
-0.2%
-14298.3%
Q3 25
0.7%
48.8%
Q2 25
-73.1%
338.9%
Q1 25
-0.0%
-249.4%
Q4 24
5367.4%
Q3 24
1.3%
-94.8%
EPS (diluted)
FOXF
FOXF
MARA
MARA
Q4 26
$-6.86
Q1 26
$-0.36
Q4 25
$-0.02
$-4.25
Q3 25
$0.07
$0.27
Q2 25
$-6.23
$1.84
Q1 25
$0.00
$-1.55
Q4 24
$1.60
Q3 24
$0.11
$-0.42

Balance Sheet & Financial Strength

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

Metric
FOXF
FOXF
MARA
MARA
Cash + ST InvestmentsLiquidity on hand
$58.0M
$547.1M
Total DebtLower is stronger
$26.9M
$3.6B
Stockholders' EquityBook value
$670.2M
$3.5B
Total Assets
$1.7B
$7.3B
Debt / EquityLower = less leverage
0.04×
1.04×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FOXF
FOXF
MARA
MARA
Q4 26
$58.0M
Q1 26
$53.9M
Q4 25
$547.1M
Q3 25
$826.4M
Q2 25
$109.5M
Q1 25
$71.7M
$196.2M
Q4 24
$391.8M
Q3 24
$164.3M
Total Debt
FOXF
FOXF
MARA
MARA
Q4 26
$26.9M
Q1 26
$26.9M
Q4 25
$536.7M
$3.6B
Q3 25
$541.8M
$3.2B
Q2 25
$546.9M
$2.3B
Q1 25
$552.1M
$2.3B
Q4 24
$2.4B
Q3 24
$558.4M
$618.7M
Stockholders' Equity
FOXF
FOXF
MARA
MARA
Q4 26
$670.2M
Q1 26
$658.8M
Q4 25
$956.0M
$3.5B
Q3 25
$958.7M
$5.2B
Q2 25
$939.9M
$4.8B
Q1 25
$1.2B
$3.7B
Q4 24
$4.1B
Q3 24
$1.2B
$2.9B
Total Assets
FOXF
FOXF
MARA
MARA
Q4 26
$1.7B
Q1 26
$1.7B
Q4 25
$2.0B
$7.3B
Q3 25
$2.0B
$9.2B
Q2 25
$1.9B
$7.7B
Q1 25
$2.2B
$6.4B
Q4 24
$6.8B
Q3 24
$2.3B
$3.6B
Debt / Equity
FOXF
FOXF
MARA
MARA
Q4 26
0.04×
Q1 26
0.04×
Q4 25
0.56×
1.04×
Q3 25
0.57×
0.63×
Q2 25
0.58×
0.47×
Q1 25
0.46×
0.62×
Q4 24
0.59×
Q3 24
0.47×
0.22×

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
MARA
MARA
Operating Cash FlowLast quarter
$60.9M
$-802.7M
Free Cash FlowOCF − Capex
$-1.2B
FCF MarginFCF / Revenue
-598.0%
Capex IntensityCapex / Revenue
201.2%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-2.0B

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FOXF
FOXF
MARA
MARA
Q4 26
$60.9M
Q1 26
Q4 25
$5.3M
$-802.7M
Q3 25
$36.8M
$-199.0M
Q2 25
$680.0K
$-163.4M
Q1 25
$81.7M
$-215.5M
Q4 24
$-677.0M
Q3 24
$14.1M
$-160.1M
Free Cash Flow
FOXF
FOXF
MARA
MARA
Q4 26
Q1 26
Q4 25
$-2.5M
$-1.2B
Q3 25
$24.6M
$-283.9M
Q2 25
$-6.5M
$-282.4M
Q1 25
$69.8M
$-254.3M
Q4 24
$-927.8M
Q3 24
$3.2M
$-198.1M
FCF Margin
FOXF
FOXF
MARA
MARA
Q4 26
Q1 26
Q4 25
-0.7%
-598.0%
Q3 25
6.6%
-112.5%
Q2 25
-1.8%
-118.4%
Q1 25
19.8%
-118.9%
Q4 24
-432.8%
Q3 24
0.9%
-150.5%
Capex Intensity
FOXF
FOXF
MARA
MARA
Q4 26
Q1 26
Q4 25
2.1%
201.2%
Q3 25
3.3%
33.6%
Q2 25
2.0%
49.9%
Q1 25
3.4%
18.2%
Q4 24
117.0%
Q3 24
3.0%
28.9%
Cash Conversion
FOXF
FOXF
MARA
MARA
Q4 26
Q1 26
Q4 25
Q3 25
13.41×
-1.62×
Q2 25
-0.20×
Q1 25
Q4 24
-1.28×
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%

MARA
MARA

Segment breakdown not available.

Related Comparisons