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Side-by-side financial comparison of FOX FACTORY HOLDING CORP (FOXF) and ONE Group Hospitality, Inc. (STKS). 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 $207.0M, roughly 1.8× ONE Group Hospitality, Inc.). FOX FACTORY HOLDING CORP runs the higher net margin — -0.2% vs -3.1%, a 2.9% gap on every dollar of revenue. On growth, FOX FACTORY HOLDING CORP posted the faster year-over-year revenue change (4.8% vs -6.7%). ONE Group Hospitality, Inc. produced more free cash flow last quarter ($-329.0K vs $-2.5M). Over the past eight quarters, ONE Group Hospitality, Inc.'s revenue compounded faster (56.1% 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.
Target Hospitality is a company that provides workforce lodging and other temporary, modular housing used for oil, gas and mining operations; large-scale events; and disaster relief. Target Hospitality is based in The Woodlands, Texas, and also has offices in Williston, North Dakota; Denver, Colorado; Calgary, Alberta.
FOXF vs STKS — Head-to-Head
Income Statement — Q3 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $376.4M | $207.0M |
| Net Profit | $-634.0K | $-6.4M |
| Gross Margin | 30.4% | — |
| Operating Margin | 4.0% | 2.2% |
| Net Margin | -0.2% | -3.1% |
| Revenue YoY | 4.8% | -6.7% |
| Net Profit YoY | -113.3% | -531.8% |
| EPS (diluted) | $-0.02 | $-0.50 |
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 | $207.0M | ||
| Q3 25 | $374.9M | $180.2M | ||
| Q2 25 | $355.0M | $207.4M | ||
| Q1 25 | $352.8M | $211.1M | ||
| Q4 24 | — | $221.9M | ||
| Q3 24 | $359.1M | $194.0M | ||
| Q2 24 | $348.5M | $172.5M | ||
| Q1 24 | $333.5M | $85.0M |
| Q4 25 | $-634.0K | $-6.4M | ||
| Q3 25 | $2.7M | $-76.7M | ||
| Q2 25 | $-259.7M | $-10.1M | ||
| Q1 25 | $-141.0K | $975.0K | ||
| Q4 24 | — | $1.5M | ||
| Q3 24 | $4.8M | $-9.3M | ||
| Q2 24 | $5.4M | $-7.3M | ||
| Q1 24 | $-3.5M | $-2.1M |
| 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% | 2.2% | ||
| Q3 25 | 4.9% | -4.4% | ||
| Q2 25 | -70.6% | 0.3% | ||
| Q1 25 | 3.2% | 5.1% | ||
| Q4 24 | — | 5.5% | ||
| Q3 24 | 5.2% | -1.9% | ||
| Q2 24 | 5.3% | 0.6% | ||
| Q1 24 | 2.7% | -0.7% |
| Q4 25 | -0.2% | -3.1% | ||
| Q3 25 | 0.7% | -42.6% | ||
| Q2 25 | -73.1% | -4.9% | ||
| Q1 25 | -0.0% | 0.5% | ||
| Q4 24 | — | 0.7% | ||
| Q3 24 | 1.3% | -4.8% | ||
| Q2 24 | 1.6% | -4.3% | ||
| Q1 24 | -1.0% | -2.4% |
| Q4 25 | $-0.02 | $-0.50 | ||
| Q3 25 | $0.07 | $-2.75 | ||
| Q2 25 | $-6.23 | $-0.59 | ||
| Q1 25 | $0.00 | $-0.21 | ||
| Q4 24 | — | $-0.18 | ||
| Q3 24 | $0.11 | $-0.53 | ||
| Q2 24 | $0.13 | $-0.38 | ||
| Q1 24 | $-0.08 | $-0.07 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $4.2M |
| Total DebtLower is stronger | $536.7M | $354.2M |
| Stockholders' EquityBook value | $956.0M | $-75.8M |
| Total Assets | $2.0B | $884.2M |
| Debt / EquityLower = less leverage | 0.56× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $4.2M | ||
| Q3 25 | — | $5.5M | ||
| Q2 25 | — | $4.7M | ||
| Q1 25 | $71.7M | $21.4M | ||
| Q4 24 | — | $27.6M | ||
| Q3 24 | — | $28.2M | ||
| Q2 24 | — | $32.2M | ||
| Q1 24 | — | $15.4M |
| Q4 25 | $536.7M | $354.2M | ||
| Q3 25 | $541.8M | $355.0M | ||
| Q2 25 | $546.9M | $347.4M | ||
| Q1 25 | $552.1M | $348.3M | ||
| Q4 24 | — | $348.3M | ||
| Q3 24 | $558.4M | $349.1M | ||
| Q2 24 | $564.1M | $350.0M | ||
| Q1 24 | $370.4M | $73.5M |
| Q4 25 | $956.0M | $-75.8M | ||
| Q3 25 | $958.7M | $-61.5M | ||
| Q2 25 | $939.9M | $23.0M | ||
| Q1 25 | $1.2B | $40.5M | ||
| Q4 24 | — | $45.9M | ||
| Q3 24 | $1.2B | $51.4M | ||
| Q2 24 | $1.2B | $68.1M | ||
| Q1 24 | $1.2B | $68.3M |
| Q4 25 | $2.0B | $884.2M | ||
| Q3 25 | $2.0B | $879.5M | ||
| Q2 25 | $1.9B | $935.7M | ||
| Q1 25 | $2.2B | $956.0M | ||
| Q4 24 | — | $960.1M | ||
| Q3 24 | $2.3B | $953.5M | ||
| Q2 24 | $2.3B | $945.9M | ||
| Q1 24 | $2.2B | $309.3M |
| Q4 25 | 0.56× | — | ||
| Q3 25 | 0.57× | — | ||
| Q2 25 | 0.58× | 15.07× | ||
| Q1 25 | 0.46× | 8.61× | ||
| Q4 24 | — | 7.59× | ||
| Q3 24 | 0.47× | 6.79× | ||
| Q2 24 | 0.47× | 5.14× | ||
| Q1 24 | 0.31× | 1.08× |
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 | $13.1M |
| Free Cash FlowOCF − Capex | $-2.5M | $-329.0K |
| FCF MarginFCF / Revenue | -0.7% | -0.2% |
| Capex IntensityCapex / Revenue | 2.1% | 6.5% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $85.4M | $-27.3M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $5.3M | $13.1M | ||
| Q3 25 | $36.8M | $5.9M | ||
| Q2 25 | $680.0K | $2.8M | ||
| Q1 25 | $81.7M | $8.5M | ||
| Q4 24 | — | $18.5M | ||
| Q3 24 | $14.1M | $19.1M | ||
| Q2 24 | $26.7M | $-3.8M | ||
| Q1 24 | $9.4M | $10.4M |
| Q4 25 | $-2.5M | $-329.0K | ||
| Q3 25 | $24.6M | $-6.1M | ||
| Q2 25 | $-6.5M | $-15.0M | ||
| Q1 25 | $69.8M | $-5.8M | ||
| Q4 24 | — | $733.0K | ||
| Q3 24 | $3.2M | $287.0K | ||
| Q2 24 | $15.4M | $-23.0M | ||
| Q1 24 | $-555.0K | $-5.4M |
| Q4 25 | -0.7% | -0.2% | ||
| Q3 25 | 6.6% | -3.4% | ||
| Q2 25 | -1.8% | -7.2% | ||
| Q1 25 | 19.8% | -2.7% | ||
| Q4 24 | — | 0.3% | ||
| Q3 24 | 0.9% | 0.1% | ||
| Q2 24 | 4.4% | -13.3% | ||
| Q1 24 | -0.2% | -6.4% |
| Q4 25 | 2.1% | 6.5% | ||
| Q3 25 | 3.3% | 6.7% | ||
| Q2 25 | 2.0% | 8.6% | ||
| Q1 25 | 3.4% | 6.8% | ||
| Q4 24 | — | 8.0% | ||
| Q3 24 | 3.0% | 9.7% | ||
| Q2 24 | 3.2% | 11.1% | ||
| Q1 24 | 3.0% | 18.6% |
| Q4 25 | — | — | ||
| Q3 25 | 13.41× | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | 8.76× | ||
| Q4 24 | — | 12.54× | ||
| 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% |
STKS
| Benihanas | $111.3M | 54% |
| Steakhouse Restaurant | $59.2M | 29% |
| Grill Concepts | $32.3M | 16% |
| Other | $4.2M | 2% |
