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Side-by-side financial comparison of FOX FACTORY HOLDING CORP (FOXF) and Wingstop Inc. (WING). 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 $183.7M, roughly 2.0× Wingstop Inc.). On growth, Wingstop Inc. posted the faster year-over-year revenue change (7.4% vs 2.3%). Over the past eight quarters, Wingstop Inc.'s revenue compounded faster (8.6% CAGR vs 1.8%).
Fox Factory Holding Corp. is an American company best known for their Fox Racing Shox brand of off-road racing suspension components.
Wingstop Inc. is an American international fast food chain that primarily sells buffalo wings. Wingstop locations are decorated with a 1930s and 1940s pre-jet aviation theme.
FOXF vs WING — Head-to-Head
Income Statement — Q4 FY2027 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $361.1M | $183.7M |
| Net Profit | — | $29.9M |
| Gross Margin | 28.3% | 86.5% |
| Operating Margin | -13.0% | 27.4% |
| Net Margin | — | 16.3% |
| Revenue YoY | 2.3% | 7.4% |
| Net Profit YoY | — | — |
| EPS (diluted) | $-6.86 | $1.08 |
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 | $183.7M | ||
| Q4 25 | $376.4M | $175.7M | ||
| Q3 25 | $374.9M | $175.7M | ||
| Q2 25 | $355.0M | $174.3M | ||
| Q1 25 | $352.8M | $171.1M | ||
| Q4 24 | — | $161.8M | ||
| Q3 24 | $359.1M | $162.5M |
| Q4 26 | — | — | ||
| Q1 26 | $-15.0M | $29.9M | ||
| Q4 25 | $-634.0K | $26.8M | ||
| Q3 25 | $2.7M | $28.5M | ||
| Q2 25 | $-259.7M | $26.8M | ||
| Q1 25 | $-141.0K | $92.3M | ||
| Q4 24 | — | $26.8M | ||
| Q3 24 | $4.8M | $25.7M |
| Q4 26 | 28.3% | — | ||
| Q1 26 | 28.9% | 86.5% | ||
| Q4 25 | 30.4% | — | ||
| Q3 25 | 31.2% | — | ||
| Q2 25 | 30.9% | — | ||
| Q1 25 | 28.9% | — | ||
| Q4 24 | — | 85.6% | ||
| Q3 24 | 29.9% | 85.0% |
| Q4 26 | -13.0% | — | ||
| Q1 26 | 72.8% | 27.4% | ||
| Q4 25 | 4.0% | 26.7% | ||
| Q3 25 | 4.9% | 27.9% | ||
| Q2 25 | -70.6% | 25.9% | ||
| Q1 25 | 3.2% | 22.4% | ||
| Q4 24 | — | 25.9% | ||
| Q3 24 | 5.2% | 24.5% |
| Q4 26 | — | — | ||
| Q1 26 | -4.1% | 16.3% | ||
| Q4 25 | -0.2% | 15.2% | ||
| Q3 25 | 0.7% | 16.2% | ||
| Q2 25 | -73.1% | 15.4% | ||
| Q1 25 | -0.0% | 53.9% | ||
| Q4 24 | — | 16.5% | ||
| Q3 24 | 1.3% | 15.8% |
| Q4 26 | $-6.86 | — | ||
| Q1 26 | $-0.36 | $1.08 | ||
| Q4 25 | $-0.02 | $0.99 | ||
| Q3 25 | $0.07 | $1.02 | ||
| Q2 25 | $-6.23 | $0.96 | ||
| Q1 25 | $0.00 | $3.24 | ||
| Q4 24 | — | $0.91 | ||
| Q3 24 | $0.11 | $0.88 |
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 | $128.8M |
| Total DebtLower is stronger | $26.9M | — |
| Stockholders' EquityBook value | $670.2M | — |
| Total Assets | $1.7B | $648.9M |
| Debt / EquityLower = less leverage | 0.04× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 26 | $58.0M | — | ||
| Q1 26 | $53.9M | $128.8M | ||
| Q4 25 | — | $196.6M | ||
| Q3 25 | — | $237.6M | ||
| Q2 25 | — | $227.9M | ||
| Q1 25 | $71.7M | $251.4M | ||
| Q4 24 | — | $315.9M | ||
| Q3 24 | — | $84.0M |
| Q4 26 | $26.9M | — | ||
| Q1 26 | $26.9M | — | ||
| Q4 25 | $536.7M | $1.2B | ||
| Q3 25 | $541.8M | — | ||
| Q2 25 | $546.9M | — | ||
| Q1 25 | $552.1M | — | ||
| Q4 24 | — | $1.2B | ||
| Q3 24 | $558.4M | — |
| Q4 26 | $670.2M | — | ||
| Q1 26 | $658.8M | — | ||
| Q4 25 | $956.0M | $-736.8M | ||
| Q3 25 | $958.7M | $-702.6M | ||
| Q2 25 | $939.9M | $-686.0M | ||
| Q1 25 | $1.2B | $-715.0M | ||
| Q4 24 | — | $-675.6M | ||
| Q3 24 | $1.2B | $-447.5M |
| Q4 26 | $1.7B | — | ||
| Q1 26 | $1.7B | $648.9M | ||
| Q4 25 | $2.0B | $693.4M | ||
| Q3 25 | $2.0B | $721.0M | ||
| Q2 25 | $1.9B | $708.3M | ||
| Q1 25 | $2.2B | $696.8M | ||
| Q4 24 | — | $716.2M | ||
| Q3 24 | $2.3B | $484.8M |
| Q4 26 | 0.04× | — | ||
| Q1 26 | 0.04× | — | ||
| Q4 25 | 0.56× | — | ||
| Q3 25 | 0.57× | — | ||
| Q2 25 | 0.58× | — | ||
| Q1 25 | 0.46× | — | ||
| Q4 24 | — | — | ||
| 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 | — |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | — | — |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 26 | $60.9M | — | ||
| Q1 26 | — | — | ||
| Q4 25 | $5.3M | $57.3M | ||
| Q3 25 | $36.8M | $63.9M | ||
| Q2 25 | $680.0K | $6.6M | ||
| Q1 25 | $81.7M | $25.3M | ||
| Q4 24 | — | $7.7M | ||
| Q3 24 | $14.1M | $69.0M |
| Q4 26 | — | — | ||
| Q1 26 | — | — | ||
| Q4 25 | $-2.5M | $34.5M | ||
| Q3 25 | $24.6M | $61.7M | ||
| Q2 25 | $-6.5M | $-7.8M | ||
| Q1 25 | $69.8M | $17.3M | ||
| Q4 24 | — | $-8.6M | ||
| Q3 24 | $3.2M | $54.9M |
| Q4 26 | — | — | ||
| Q1 26 | — | — | ||
| Q4 25 | -0.7% | 19.6% | ||
| Q3 25 | 6.6% | 35.1% | ||
| Q2 25 | -1.8% | -4.5% | ||
| Q1 25 | 19.8% | 10.1% | ||
| Q4 24 | — | -5.3% | ||
| Q3 24 | 0.9% | 33.8% |
| Q4 26 | — | — | ||
| Q1 26 | — | — | ||
| Q4 25 | 2.1% | 13.0% | ||
| Q3 25 | 3.3% | 1.3% | ||
| Q2 25 | 2.0% | 8.2% | ||
| Q1 25 | 3.4% | 4.7% | ||
| Q4 24 | — | 10.1% | ||
| Q3 24 | 3.0% | 8.7% |
| Q4 26 | — | — | ||
| Q1 26 | — | — | ||
| Q4 25 | — | 2.14× | ||
| Q3 25 | 13.41× | 2.24× | ||
| Q2 25 | — | 0.25× | ||
| Q1 25 | — | 0.27× | ||
| Q4 24 | — | 0.29× | ||
| Q3 24 | 2.94× | 2.68× |
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% |
WING
| Royalty revenue, franchise fees and other | $87.5M | 48% |
| Advertising fees | $63.3M | 34% |
| Company-owned restaurant sales | $33.0M | 18% |
