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Side-by-side financial comparison of FOX FACTORY HOLDING CORP (FOXF) and UPWORK, INC (UPWK). 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 $195.5M, roughly 1.8× UPWORK, INC). On growth, FOX FACTORY HOLDING CORP posted the faster year-over-year revenue change (2.3% vs 1.4%). Over the past eight quarters, FOX FACTORY HOLDING CORP's revenue compounded faster (1.8% CAGR vs 0.6%).
Fox Factory Holding Corp. is an American company best known for their Fox Racing Shox brand of off-road racing suspension components.
Upwork Inc. is an American freelancing platform headquartered in Santa Clara and San Francisco, California. The company was formed in 2013 as Elance-oDesk after the merger of Elance Inc. and oDesk Corp. The merged company was subsequently rebranded as Upwork in 2015.
FOXF vs UPWK — Head-to-Head
Income Statement — Q4 FY2027 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $361.1M | $195.5M |
| Net Profit | — | $31.5M |
| Gross Margin | 28.3% | 77.2% |
| Operating Margin | -13.0% | 16.7% |
| Net Margin | — | 16.1% |
| Revenue YoY | 2.3% | 1.4% |
| Net Profit YoY | — | — |
| EPS (diluted) | $-6.86 | $0.24 |
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 26 | $361.1M | — | ||
| Q1 26 | $368.7M | $195.5M | ||
| Q4 25 | $376.4M | $198.4M | ||
| Q3 25 | $374.9M | $201.7M | ||
| Q2 25 | $355.0M | $194.9M | ||
| Q1 25 | $352.8M | $192.7M | ||
| Q4 24 | — | $191.5M | ||
| Q3 24 | $359.1M | $193.8M |
| Q4 26 | — | — | ||
| Q1 26 | $-15.0M | $31.5M | ||
| Q4 25 | $-634.0K | $15.6M | ||
| Q3 25 | $2.7M | $29.3M | ||
| Q2 25 | $-259.7M | $32.7M | ||
| Q1 25 | $-141.0K | $37.7M | ||
| Q4 24 | — | $147.2M | ||
| Q3 24 | $4.8M | $27.8M |
| Q4 26 | 28.3% | — | ||
| Q1 26 | 28.9% | 77.2% | ||
| Q4 25 | 30.4% | 78.0% | ||
| Q3 25 | 31.2% | 77.3% | ||
| Q2 25 | 30.9% | 77.7% | ||
| Q1 25 | 28.9% | 78.3% | ||
| Q4 24 | — | 77.7% | ||
| Q3 24 | 29.9% | 77.6% |
| Q4 26 | -13.0% | — | ||
| Q1 26 | 72.8% | 16.7% | ||
| Q4 25 | 4.0% | 14.3% | ||
| Q3 25 | 4.9% | 14.8% | ||
| Q2 25 | -70.6% | 16.7% | ||
| Q1 25 | 3.2% | 20.1% | ||
| Q4 24 | — | 7.1% | ||
| Q3 24 | 5.2% | 10.7% |
| Q4 26 | — | — | ||
| Q1 26 | -4.1% | 16.1% | ||
| Q4 25 | -0.2% | 7.9% | ||
| Q3 25 | 0.7% | 14.5% | ||
| Q2 25 | -73.1% | 16.8% | ||
| Q1 25 | -0.0% | 19.6% | ||
| Q4 24 | — | 76.9% | ||
| Q3 24 | 1.3% | 14.3% |
| Q4 26 | $-6.86 | — | ||
| Q1 26 | $-0.36 | $0.24 | ||
| Q4 25 | $-0.02 | $0.12 | ||
| Q3 25 | $0.07 | $0.21 | ||
| Q2 25 | $-6.23 | $0.24 | ||
| Q1 25 | $0.00 | $0.27 | ||
| Q4 24 | — | $1.02 | ||
| Q3 24 | $0.11 | $0.20 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $58.0M | $328.4M |
| Total DebtLower is stronger | $26.9M | — |
| Stockholders' EquityBook value | $670.2M | $569.6M |
| Total Assets | $1.7B | $1.2B |
| Debt / EquityLower = less leverage | 0.04× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 26 | $58.0M | — | ||
| Q1 26 | $53.9M | $328.4M | ||
| Q4 25 | — | $672.8M | ||
| Q3 25 | — | $643.1M | ||
| Q2 25 | — | $634.6M | ||
| Q1 25 | $71.7M | $622.1M | ||
| Q4 24 | — | $622.1M | ||
| Q3 24 | — | $601.2M |
| Q4 26 | $26.9M | — | ||
| Q1 26 | $26.9M | — | ||
| Q4 25 | $536.7M | $359.8M | ||
| Q3 25 | $541.8M | $359.3M | ||
| Q2 25 | $546.9M | — | ||
| Q1 25 | $552.1M | — | ||
| Q4 24 | — | $357.9M | ||
| Q3 24 | $558.4M | — |
| Q4 26 | $670.2M | — | ||
| Q1 26 | $658.8M | $569.6M | ||
| Q4 25 | $956.0M | $630.3M | ||
| Q3 25 | $958.7M | $628.1M | ||
| Q2 25 | $939.9M | $608.7M | ||
| Q1 25 | $1.2B | $594.3M | ||
| Q4 24 | — | $575.4M | ||
| Q3 24 | $1.2B | $411.2M |
| Q4 26 | $1.7B | — | ||
| Q1 26 | $1.7B | $1.2B | ||
| Q4 25 | $2.0B | $1.3B | ||
| Q3 25 | $2.0B | $1.3B | ||
| Q2 25 | $1.9B | $1.3B | ||
| Q1 25 | $2.2B | $1.2B | ||
| Q4 24 | — | $1.2B | ||
| Q3 24 | $2.3B | $1.1B |
| Q4 26 | 0.04× | — | ||
| Q1 26 | 0.04× | — | ||
| Q4 25 | 0.56× | 0.57× | ||
| Q3 25 | 0.57× | 0.57× | ||
| Q2 25 | 0.58× | — | ||
| Q1 25 | 0.46× | — | ||
| Q4 24 | — | 0.62× | ||
| Q3 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 | $60.9M | $23.0M |
| Free Cash FlowOCF − Capex | — | $12.9M |
| FCF MarginFCF / Revenue | — | 6.6% |
| Capex IntensityCapex / Revenue | — | — |
| Cash ConversionOCF / Net Profit | — | 0.73× |
| TTM Free Cash FlowTrailing 4 quarters | — | $220.9M |
8-quarter trend — quarters aligned by calendar period.
| Q4 26 | $60.9M | — | ||
| Q1 26 | — | $23.0M | ||
| Q4 25 | $5.3M | $63.7M | ||
| Q3 25 | $36.8M | $75.1M | ||
| Q2 25 | $680.0K | $72.5M | ||
| Q1 25 | $81.7M | $37.0M | ||
| Q4 24 | — | $38.6M | ||
| Q3 24 | $14.1M | $61.0M |
| Q4 26 | — | — | ||
| Q1 26 | — | $12.9M | ||
| Q4 25 | $-2.5M | $63.2M | ||
| Q3 25 | $24.6M | $74.6M | ||
| Q2 25 | $-6.5M | $70.1M | ||
| Q1 25 | $69.8M | $34.5M | ||
| Q4 24 | — | $37.0M | ||
| Q3 24 | $3.2M | $59.8M |
| Q4 26 | — | — | ||
| Q1 26 | — | 6.6% | ||
| Q4 25 | -0.7% | 31.9% | ||
| Q3 25 | 6.6% | 37.0% | ||
| Q2 25 | -1.8% | 36.0% | ||
| Q1 25 | 19.8% | 17.9% | ||
| Q4 24 | — | 19.3% | ||
| Q3 24 | 0.9% | 30.8% |
| Q4 26 | — | — | ||
| Q1 26 | — | — | ||
| Q4 25 | 2.1% | 0.2% | ||
| Q3 25 | 3.3% | 0.2% | ||
| Q2 25 | 2.0% | 1.2% | ||
| Q1 25 | 3.4% | 1.3% | ||
| Q4 24 | — | 0.8% | ||
| Q3 24 | 3.0% | 0.6% |
| Q4 26 | — | — | ||
| Q1 26 | — | 0.73× | ||
| Q4 25 | — | 4.07× | ||
| Q3 25 | 13.41× | 2.56× | ||
| Q2 25 | — | 2.22× | ||
| Q1 25 | — | 0.98× | ||
| Q4 24 | — | 0.26× | ||
| Q3 24 | 2.94× | 2.20× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
FOXF
| Aftermarket Applications Group | $126.2M | 35% |
| Specialty Sports Group | $118.2M | 33% |
| Powered Vehicles Group | $116.7M | 32% |
UPWK
| Marketplace | $170.7M | 87% |
| Enterprise | $24.8M | 13% |
