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Side-by-side financial comparison of FOX FACTORY HOLDING CORP (FOXF) and Wendy's Co (WEN). Click either name above to swap in a different company.
Wendy's Co is the larger business by last-quarter revenue ($543.0M vs $376.4M, roughly 1.4× FOX FACTORY HOLDING CORP). Wendy's Co runs the higher net margin — 4.9% vs -0.2%, a 5.0% gap on every dollar of revenue. On growth, FOX FACTORY HOLDING CORP posted the faster year-over-year revenue change (4.8% vs -5.5%). Wendy's Co produced more free cash flow last quarter ($31.4M vs $-2.5M). Over the past eight quarters, FOX FACTORY HOLDING CORP's revenue compounded faster (6.4% CAGR vs 0.8%).
Fox Factory Holding Corp. is an American company best known for their Fox Racing Shox brand of off-road racing suspension components.
The Wendy's Company is an American fast food corporation and the holding company for Wendy's and First Kitchen. Originally founded as the Deisel-Wemmer Company, it is headquartered in Dublin, Ohio. The company's principal subsidiary, Wendy's International, is the franchisor of Wendy's restaurants.
FOXF vs WEN — Head-to-Head
Income Statement — Q3 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $376.4M | $543.0M |
| Net Profit | $-634.0K | $26.5M |
| Gross Margin | 30.4% | 62.7% |
| Operating Margin | 4.0% | 11.8% |
| Net Margin | -0.2% | 4.9% |
| Revenue YoY | 4.8% | -5.5% |
| Net Profit YoY | -113.3% | -44.2% |
| EPS (diluted) | $-0.02 | $0.14 |
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 | $543.0M | ||
| Q3 25 | $374.9M | $549.5M | ||
| Q2 25 | $355.0M | $560.9M | ||
| Q1 25 | $352.8M | $523.5M | ||
| Q4 24 | — | $574.3M | ||
| Q3 24 | $359.1M | $566.7M | ||
| Q2 24 | $348.5M | $570.7M | ||
| Q1 24 | $333.5M | $534.8M |
| Q4 25 | $-634.0K | $26.5M | ||
| Q3 25 | $2.7M | $44.3M | ||
| Q2 25 | $-259.7M | $55.1M | ||
| Q1 25 | $-141.0K | $39.2M | ||
| Q4 24 | — | $47.5M | ||
| Q3 24 | $4.8M | $50.2M | ||
| Q2 24 | $5.4M | $54.6M | ||
| Q1 24 | $-3.5M | $42.0M |
| Q4 25 | 30.4% | 62.7% | ||
| Q3 25 | 31.2% | 62.8% | ||
| Q2 25 | 30.9% | 65.0% | ||
| Q1 25 | 28.9% | 64.1% | ||
| Q4 24 | — | 65.9% | ||
| Q3 24 | 29.9% | 65.5% | ||
| Q2 24 | 31.8% | 65.0% | ||
| Q1 24 | 30.9% | 64.1% |
| Q4 25 | 4.0% | 11.8% | ||
| Q3 25 | 4.9% | 16.8% | ||
| Q2 25 | -70.6% | 18.6% | ||
| Q1 25 | 3.2% | 15.9% | ||
| Q4 24 | — | 16.7% | ||
| Q3 24 | 5.2% | 16.7% | ||
| Q2 24 | 5.3% | 17.4% | ||
| Q1 24 | 2.7% | 15.2% |
| Q4 25 | -0.2% | 4.9% | ||
| Q3 25 | 0.7% | 8.1% | ||
| Q2 25 | -73.1% | 9.8% | ||
| Q1 25 | -0.0% | 7.5% | ||
| Q4 24 | — | 8.3% | ||
| Q3 24 | 1.3% | 8.9% | ||
| Q2 24 | 1.6% | 9.6% | ||
| Q1 24 | -1.0% | 7.9% |
| Q4 25 | $-0.02 | $0.14 | ||
| Q3 25 | $0.07 | $0.23 | ||
| Q2 25 | $-6.23 | $0.29 | ||
| Q1 25 | $0.00 | $0.19 | ||
| Q4 24 | — | $0.23 | ||
| Q3 24 | $0.11 | $0.25 | ||
| Q2 24 | $0.13 | $0.27 | ||
| Q1 24 | $-0.08 | $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 | — | $300.8M |
| Total DebtLower is stronger | $536.7M | $2.8B |
| Stockholders' EquityBook value | $956.0M | $117.4M |
| Total Assets | $2.0B | $5.0B |
| Debt / EquityLower = less leverage | 0.56× | 23.51× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $300.8M | ||
| Q3 25 | — | $291.4M | ||
| Q2 25 | — | $281.2M | ||
| Q1 25 | $71.7M | $335.3M | ||
| Q4 24 | — | $450.5M | ||
| Q3 24 | — | $482.2M | ||
| Q2 24 | — | $465.5M | ||
| Q1 24 | — | $498.3M |
| Q4 25 | $536.7M | $2.8B | ||
| Q3 25 | $541.8M | $2.7B | ||
| Q2 25 | $546.9M | $2.7B | ||
| Q1 25 | $552.1M | $2.7B | ||
| Q4 24 | — | $2.7B | ||
| Q3 24 | $558.4M | — | ||
| Q2 24 | $564.1M | — | ||
| Q1 24 | $370.4M | — |
| Q4 25 | $956.0M | $117.4M | ||
| Q3 25 | $958.7M | $109.2M | ||
| Q2 25 | $939.9M | $112.9M | ||
| Q1 25 | $1.2B | $130.2M | ||
| Q4 24 | — | $259.4M | ||
| Q3 24 | $1.2B | $259.9M | ||
| Q2 24 | $1.2B | $273.8M | ||
| Q1 24 | $1.2B | $293.7M |
| Q4 25 | $2.0B | $5.0B | ||
| Q3 25 | $2.0B | $5.0B | ||
| Q2 25 | $1.9B | $4.9B | ||
| Q1 25 | $2.2B | $4.9B | ||
| Q4 24 | — | $5.0B | ||
| Q3 24 | $2.3B | $5.1B | ||
| Q2 24 | $2.3B | $5.1B | ||
| Q1 24 | $2.2B | $5.2B |
| Q4 25 | 0.56× | 23.51× | ||
| Q3 25 | 0.57× | 24.95× | ||
| Q2 25 | 0.58× | 24.18× | ||
| Q1 25 | 0.46× | 21.00× | ||
| Q4 24 | — | 10.57× | ||
| Q3 24 | 0.47× | — | ||
| Q2 24 | 0.47× | — | ||
| Q1 24 | 0.31× | — |
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 | $69.3M |
| Free Cash FlowOCF − Capex | $-2.5M | $31.4M |
| FCF MarginFCF / Revenue | -0.7% | 5.8% |
| Capex IntensityCapex / Revenue | 2.1% | 7.0% |
| Cash ConversionOCF / Net Profit | — | 2.62× |
| TTM Free Cash FlowTrailing 4 quarters | $85.4M | $242.6M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $5.3M | $69.3M | ||
| Q3 25 | $36.8M | $129.3M | ||
| Q2 25 | $680.0K | $60.6M | ||
| Q1 25 | $81.7M | $85.4M | ||
| Q4 24 | — | $68.6M | ||
| Q3 24 | $14.1M | $141.2M | ||
| Q2 24 | $26.7M | $45.5M | ||
| Q1 24 | $9.4M | $100.0M |
| Q4 25 | $-2.5M | $31.4M | ||
| Q3 25 | $24.6M | $104.3M | ||
| Q2 25 | $-6.5M | $39.2M | ||
| Q1 25 | $69.8M | $67.7M | ||
| Q4 24 | — | $26.6M | ||
| Q3 24 | $3.2M | $123.3M | ||
| Q2 24 | $15.4M | $28.4M | ||
| Q1 24 | $-555.0K | $82.6M |
| Q4 25 | -0.7% | 5.8% | ||
| Q3 25 | 6.6% | 19.0% | ||
| Q2 25 | -1.8% | 7.0% | ||
| Q1 25 | 19.8% | 12.9% | ||
| Q4 24 | — | 4.6% | ||
| Q3 24 | 0.9% | 21.8% | ||
| Q2 24 | 4.4% | 5.0% | ||
| Q1 24 | -0.2% | 15.5% |
| Q4 25 | 2.1% | 7.0% | ||
| Q3 25 | 3.3% | 4.5% | ||
| Q2 25 | 2.0% | 3.8% | ||
| Q1 25 | 3.4% | 3.4% | ||
| Q4 24 | — | 7.3% | ||
| Q3 24 | 3.0% | 3.2% | ||
| Q2 24 | 3.2% | 3.0% | ||
| Q1 24 | 3.0% | 3.2% |
| Q4 25 | — | 2.62× | ||
| Q3 25 | 13.41× | 2.92× | ||
| Q2 25 | — | 1.10× | ||
| Q1 25 | — | 2.18× | ||
| Q4 24 | — | 1.44× | ||
| Q3 24 | 2.94× | 2.81× | ||
| Q2 24 | 4.94× | 0.83× | ||
| Q1 24 | — | 2.38× |
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% |
WEN
| Franchise Royalty Revenueand Fees | $149.3M | 27% |
| Royalty | $103.6M | 19% |
| Advertising | $103.3M | 19% |
| Global Real Estate Development | $60.5M | 11% |
| Real Estate | $59.5M | 11% |
| Wendys International | $39.5M | 7% |
| Franchise | $21.5M | 4% |
