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Side-by-side financial comparison of FOX FACTORY HOLDING CORP (FOXF) and ONESPAWORLD HOLDINGS Ltd (OSW). 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 $242.1M, roughly 1.6× ONESPAWORLD HOLDINGS Ltd). ONESPAWORLD HOLDINGS Ltd runs the higher net margin — 5.0% vs -0.2%, a 5.2% gap on every dollar of revenue. On growth, ONESPAWORLD HOLDINGS Ltd posted the faster year-over-year revenue change (11.5% vs 4.8%). ONESPAWORLD HOLDINGS Ltd produced more free cash flow last quarter ($14.9M vs $-2.5M). Over the past eight quarters, ONESPAWORLD HOLDINGS Ltd's revenue compounded faster (7.1% 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.
FOXF vs OSW — Head-to-Head
Income Statement — Q3 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $376.4M | $242.1M |
| Net Profit | $-634.0K | $12.1M |
| Gross Margin | 30.4% | — |
| Operating Margin | 4.0% | 6.8% |
| Net Margin | -0.2% | 5.0% |
| Revenue YoY | 4.8% | 11.5% |
| Net Profit YoY | -113.3% | -16.2% |
| EPS (diluted) | $-0.02 | $0.12 |
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 | $242.1M | ||
| Q3 25 | $374.9M | $258.5M | ||
| Q2 25 | $355.0M | $240.7M | ||
| Q1 25 | $352.8M | $219.6M | ||
| Q4 24 | — | $217.2M | ||
| Q3 24 | $359.1M | $241.7M | ||
| Q2 24 | $348.5M | $224.9M | ||
| Q1 24 | $333.5M | $211.2M |
| Q4 25 | $-634.0K | $12.1M | ||
| Q3 25 | $2.7M | $24.3M | ||
| Q2 25 | $-259.7M | $19.9M | ||
| Q1 25 | $-141.0K | $15.3M | ||
| Q4 24 | — | $14.4M | ||
| Q3 24 | $4.8M | $21.6M | ||
| Q2 24 | $5.4M | $15.8M | ||
| Q1 24 | $-3.5M | $21.2M |
| Q4 25 | 30.4% | — | ||
| Q3 25 | 31.2% | — | ||
| Q2 25 | 30.9% | — | ||
| Q1 25 | 28.9% | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 29.9% | — | ||
| Q2 24 | 31.8% | — | ||
| Q1 24 | 30.9% | — |
| Q4 25 | 4.0% | 6.8% | ||
| Q3 25 | 4.9% | 10.2% | ||
| Q2 25 | -70.6% | 9.2% | ||
| Q1 25 | 3.2% | 7.7% | ||
| Q4 24 | — | 7.9% | ||
| Q3 24 | 5.2% | 10.3% | ||
| Q2 24 | 5.3% | 8.4% | ||
| Q1 24 | 2.7% | 8.0% |
| Q4 25 | -0.2% | 5.0% | ||
| Q3 25 | 0.7% | 9.4% | ||
| Q2 25 | -73.1% | 8.3% | ||
| Q1 25 | -0.0% | 7.0% | ||
| Q4 24 | — | 6.6% | ||
| Q3 24 | 1.3% | 8.9% | ||
| Q2 24 | 1.6% | 7.0% | ||
| Q1 24 | -1.0% | 10.0% |
| Q4 25 | $-0.02 | $0.12 | ||
| Q3 25 | $0.07 | $0.23 | ||
| Q2 25 | $-6.23 | $0.19 | ||
| Q1 25 | $0.00 | $0.15 | ||
| Q4 24 | — | $0.13 | ||
| Q3 24 | $0.11 | $0.20 | ||
| Q2 24 | $0.13 | $0.15 | ||
| Q1 24 | $-0.08 | $0.21 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $16.3M |
| Total DebtLower is stronger | $536.7M | $84.0M |
| Stockholders' EquityBook value | $956.0M | $542.6M |
| Total Assets | $2.0B | $707.1M |
| Debt / EquityLower = less leverage | 0.56× | 0.15× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $16.3M | ||
| Q3 25 | — | $29.6M | ||
| Q2 25 | — | $35.0M | ||
| Q1 25 | $71.7M | $22.6M | ||
| Q4 24 | — | $57.4M | ||
| Q3 24 | — | $48.8M | ||
| Q2 24 | — | $62.5M | ||
| Q1 24 | — | $65.4M |
| Q4 25 | $536.7M | $84.0M | ||
| Q3 25 | $541.8M | $85.2M | ||
| Q2 25 | $546.9M | $96.2M | ||
| Q1 25 | $552.1M | $97.4M | ||
| Q4 24 | — | $98.6M | ||
| Q3 24 | $558.4M | $98.7M | ||
| Q2 24 | $564.1M | $123.8M | ||
| Q1 24 | $370.4M | $138.6M |
| Q4 25 | $956.0M | $542.6M | ||
| Q3 25 | $958.7M | $552.8M | ||
| Q2 25 | $939.9M | $548.3M | ||
| Q1 25 | $1.2B | $530.6M | ||
| Q4 24 | — | $554.5M | ||
| Q3 24 | $1.2B | $540.1M | ||
| Q2 24 | $1.2B | $532.7M | ||
| Q1 24 | $1.2B | $515.5M |
| Q4 25 | $2.0B | $707.1M | ||
| Q3 25 | $2.0B | $732.6M | ||
| Q2 25 | $1.9B | $731.8M | ||
| Q1 25 | $2.2B | $708.7M | ||
| Q4 24 | — | $746.4M | ||
| Q3 24 | $2.3B | $734.0M | ||
| Q2 24 | $2.3B | $756.8M | ||
| Q1 24 | $2.2B | $763.6M |
| Q4 25 | 0.56× | 0.15× | ||
| Q3 25 | 0.57× | 0.15× | ||
| Q2 25 | 0.58× | 0.18× | ||
| Q1 25 | 0.46× | 0.18× | ||
| Q4 24 | — | 0.18× | ||
| Q3 24 | 0.47× | 0.18× | ||
| Q2 24 | 0.47× | 0.23× | ||
| Q1 24 | 0.31× | 0.27× |
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 | $20.0M |
| Free Cash FlowOCF − Capex | $-2.5M | $14.9M |
| FCF MarginFCF / Revenue | -0.7% | 6.2% |
| Capex IntensityCapex / Revenue | 2.1% | 2.1% |
| Cash ConversionOCF / Net Profit | — | 1.65× |
| TTM Free Cash FlowTrailing 4 quarters | $85.4M | $68.4M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $5.3M | $20.0M | ||
| Q3 25 | $36.8M | $33.2M | ||
| Q2 25 | $680.0K | $20.3M | ||
| Q1 25 | $81.7M | $10.1M | ||
| Q4 24 | — | $16.6M | ||
| Q3 24 | $14.1M | $28.6M | ||
| Q2 24 | $26.7M | $18.7M | ||
| Q1 24 | $9.4M | $15.0M |
| Q4 25 | $-2.5M | $14.9M | ||
| Q3 25 | $24.6M | $27.6M | ||
| Q2 25 | $-6.5M | $17.6M | ||
| Q1 25 | $69.8M | $8.4M | ||
| Q4 24 | — | $13.2M | ||
| Q3 24 | $3.2M | $27.5M | ||
| Q2 24 | $15.4M | $17.6M | ||
| Q1 24 | $-555.0K | $13.7M |
| Q4 25 | -0.7% | 6.2% | ||
| Q3 25 | 6.6% | 10.7% | ||
| Q2 25 | -1.8% | 7.3% | ||
| Q1 25 | 19.8% | 3.8% | ||
| Q4 24 | — | 6.1% | ||
| Q3 24 | 0.9% | 11.4% | ||
| Q2 24 | 4.4% | 7.8% | ||
| Q1 24 | -0.2% | 6.5% |
| Q4 25 | 2.1% | 2.1% | ||
| Q3 25 | 3.3% | 2.2% | ||
| Q2 25 | 2.0% | 1.1% | ||
| Q1 25 | 3.4% | 0.8% | ||
| Q4 24 | — | 1.5% | ||
| Q3 24 | 3.0% | 0.5% | ||
| Q2 24 | 3.2% | 0.5% | ||
| Q1 24 | 3.0% | 0.6% |
| Q4 25 | — | 1.65× | ||
| Q3 25 | 13.41× | 1.36× | ||
| Q2 25 | — | 1.02× | ||
| Q1 25 | — | 0.66× | ||
| Q4 24 | — | 1.15× | ||
| Q3 24 | 2.94× | 1.33× | ||
| Q2 24 | 4.94× | 1.19× | ||
| Q1 24 | — | 0.71× |
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% |
OSW
| Services | $197.3M | 82% |
| Products | $44.8M | 18% |
