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Side-by-side financial comparison of FOX FACTORY HOLDING CORP (FOXF) and Strategic Education, Inc. (STRA). 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 $305.9M, roughly 1.2× Strategic Education, Inc.). Strategic Education, Inc. runs the higher net margin — 10.7% vs -0.2%, a 10.9% gap on every dollar of revenue. On growth, FOX FACTORY HOLDING CORP posted the faster year-over-year revenue change (4.8% vs 0.8%). Strategic Education, Inc. produced more free cash flow last quarter ($77.3M vs $-2.5M). Over the past eight quarters, FOX FACTORY HOLDING CORP's revenue compounded faster (6.4% CAGR vs -1.0%).
Fox Factory Holding Corp. is an American company best known for their Fox Racing Shox brand of off-road racing suspension components.
Strategic Education, Inc. (SEI) is an education services holding company and is formerly known as Strayer Education, Inc. The company owns for-profit, online Capella University and Strayer University, as well as non-degree programs schools such as DevMountain, Hackbright Academy, and Sophia Learning.
FOXF vs STRA — Head-to-Head
Income Statement — Q3 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $376.4M | $305.9M |
| Net Profit | $-634.0K | $32.8M |
| Gross Margin | 30.4% | — |
| Operating Margin | 4.0% | 13.4% |
| Net Margin | -0.2% | 10.7% |
| Revenue YoY | 4.8% | 0.8% |
| Net Profit YoY | -113.3% | 10.3% |
| EPS (diluted) | $-0.02 | $1.48 |
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.
| Q1 26 | — | $305.9M | ||
| Q4 25 | $376.4M | $323.2M | ||
| Q3 25 | $374.9M | $319.9M | ||
| Q2 25 | $355.0M | $321.5M | ||
| Q1 25 | $352.8M | $303.6M | ||
| Q4 24 | — | $311.5M | ||
| Q3 24 | $359.1M | $306.0M | ||
| Q2 24 | $348.5M | $312.3M |
| Q1 26 | — | $32.8M | ||
| Q4 25 | $-634.0K | $37.9M | ||
| Q3 25 | $2.7M | $26.6M | ||
| Q2 25 | $-259.7M | $32.3M | ||
| Q1 25 | $-141.0K | $29.7M | ||
| Q4 24 | — | $25.3M | ||
| Q3 24 | $4.8M | $27.7M | ||
| Q2 24 | $5.4M | $29.9M |
| Q1 26 | — | — | ||
| 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 26 | — | 13.4% | ||
| Q4 25 | 4.0% | 16.0% | ||
| Q3 25 | 4.9% | 11.6% | ||
| Q2 25 | -70.6% | 14.2% | ||
| Q1 25 | 3.2% | 13.1% | ||
| Q4 24 | — | 11.6% | ||
| Q3 24 | 5.2% | 11.9% | ||
| Q2 24 | 5.3% | 13.4% |
| Q1 26 | — | 10.7% | ||
| Q4 25 | -0.2% | 11.7% | ||
| Q3 25 | 0.7% | 8.3% | ||
| Q2 25 | -73.1% | 10.1% | ||
| Q1 25 | -0.0% | 9.8% | ||
| Q4 24 | — | 8.1% | ||
| Q3 24 | 1.3% | 9.1% | ||
| Q2 24 | 1.6% | 9.6% |
| Q1 26 | — | $1.48 | ||
| Q4 25 | $-0.02 | $1.65 | ||
| Q3 25 | $0.07 | $1.15 | ||
| Q2 25 | $-6.23 | $1.37 | ||
| Q1 25 | $0.00 | $1.24 | ||
| Q4 24 | — | $1.05 | ||
| Q3 24 | $0.11 | $1.15 | ||
| Q2 24 | $0.13 | $1.24 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $150.3M |
| Total DebtLower is stronger | $536.7M | — |
| Stockholders' EquityBook value | $956.0M | $1.6B |
| Total Assets | $2.0B | $2.1B |
| Debt / EquityLower = less leverage | 0.56× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $150.3M | ||
| Q4 25 | — | $148.1M | ||
| Q3 25 | — | $172.6M | ||
| Q2 25 | — | $164.9M | ||
| Q1 25 | $71.7M | $182.6M | ||
| Q4 24 | — | $184.0M | ||
| Q3 24 | — | $222.1M | ||
| Q2 24 | — | $256.2M |
| Q1 26 | — | — | ||
| 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 26 | — | $1.6B | ||
| Q4 25 | $956.0M | $1.6B | ||
| Q3 25 | $958.7M | $1.7B | ||
| Q2 25 | $939.9M | $1.7B | ||
| Q1 25 | $1.2B | $1.6B | ||
| Q4 24 | — | $1.7B | ||
| Q3 24 | $1.2B | $1.7B | ||
| Q2 24 | $1.2B | $1.7B |
| Q1 26 | — | $2.1B | ||
| Q4 25 | $2.0B | $2.0B | ||
| Q3 25 | $2.0B | $2.1B | ||
| Q2 25 | $1.9B | $2.1B | ||
| Q1 25 | $2.2B | $2.1B | ||
| Q4 24 | — | $2.0B | ||
| Q3 24 | $2.3B | $2.2B | ||
| Q2 24 | $2.3B | $2.2B |
| Q1 26 | — | — | ||
| 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× | — |
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 | $87.4M |
| Free Cash FlowOCF − Capex | $-2.5M | $77.3M |
| FCF MarginFCF / Revenue | -0.7% | 25.3% |
| Capex IntensityCapex / Revenue | 2.1% | — |
| Cash ConversionOCF / Net Profit | — | 2.66× |
| TTM Free Cash FlowTrailing 4 quarters | $85.4M | $173.9M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $87.4M | ||
| Q4 25 | $5.3M | $39.2M | ||
| Q3 25 | $36.8M | $60.1M | ||
| Q2 25 | $680.0K | $31.2M | ||
| Q1 25 | $81.7M | $67.7M | ||
| Q4 24 | — | $15.9M | ||
| Q3 24 | $14.1M | $51.5M | ||
| Q2 24 | $26.7M | $24.3M |
| Q1 26 | — | $77.3M | ||
| Q4 25 | $-2.5M | $27.0M | ||
| Q3 25 | $24.6M | $49.3M | ||
| Q2 25 | $-6.5M | $20.4M | ||
| Q1 25 | $69.8M | $57.3M | ||
| Q4 24 | — | $4.7M | ||
| Q3 24 | $3.2M | $42.1M | ||
| Q2 24 | $15.4M | $13.6M |
| Q1 26 | — | 25.3% | ||
| Q4 25 | -0.7% | 8.3% | ||
| Q3 25 | 6.6% | 15.4% | ||
| Q2 25 | -1.8% | 6.3% | ||
| Q1 25 | 19.8% | 18.9% | ||
| Q4 24 | — | 1.5% | ||
| Q3 24 | 0.9% | 13.8% | ||
| Q2 24 | 4.4% | 4.3% |
| Q1 26 | — | — | ||
| Q4 25 | 2.1% | 3.8% | ||
| Q3 25 | 3.3% | 3.4% | ||
| Q2 25 | 2.0% | 3.4% | ||
| Q1 25 | 3.4% | 3.4% | ||
| Q4 24 | — | 3.6% | ||
| Q3 24 | 3.0% | 3.1% | ||
| Q2 24 | 3.2% | 3.4% |
| Q1 26 | — | 2.66× | ||
| Q4 25 | — | 1.03× | ||
| Q3 25 | 13.41× | 2.26× | ||
| Q2 25 | — | 0.97× | ||
| Q1 25 | — | 2.27× | ||
| Q4 24 | — | 0.63× | ||
| Q3 24 | 2.94× | 1.86× | ||
| Q2 24 | 4.94× | 0.81× |
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% |
STRA
| U.S. Higher Education | $212.6M | 69% |
| Australia/New Zealand | $51.8M | 17% |
| Education Technology Services | $41.5M | 14% |
