Fox Factory Holding (FOXF) Cash Flow: Operating & Free Cash Flow

Fox Factory Holding Cash Flow Statement Analysis

Values in millions USD

Income Statement Balance Sheet Cash Flow Ratios

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Cash flow statement showing operating, investing, and financing activities for Fox Factory Holding Corp. (FOXF) - Annual data in millions USD
Breakdown	FY 2025	FY 2025	FY 2024	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2020	FY 2019	FY 2018	FY 2017
Period ending	Jan 2026	Dec 2025	Jan 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Jan 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017
Operating Activities
Net Income	-544.72	-544.72	6.51	6.51	120.85	205.28	163.82	90.67	91.75	94.47	84.04	43.18
Depreciation & Amortization	92.31	92.31	83.57	83.91	58.60	49.24	43.43	31.68	33.93	17.57	14.73	10.28
Deferred Income Tax	-	-44.84	-	-23.31	-7.87	-18.45	-17.10	-	-14.08	-10.62	-19.29	-1.16
Stock Based Compensation	14.27	14.27	9.61	9.61	16.47	16.35	13.91	8.62	8.62	6.86	7.32	8.73
Change in Working Capital	-	-40.59	41.56	41.56	-26.64	-63.43	-146.28	-39.04	-39.04	-34.14	-22.74	-12.96
Change in Accounts Receivable	-23.52	-23.52	10.37	10.37	64.53	-63.96	-20.23	-18.77	-18.77	-12.06	-19.03	3.55
Change in Inventory	18.01	18.01	-26.50	-26.50	31.61	-78.54	-150.45	7.88	7.88	-17.01	-23.00	-8.32
Change in Accounts Payable	1.24	1.24	23.23	14.97	-44.03	40.49	10.30	25.89	25.89	-0.87	15.19	2.24
Change in Other Working Capital	-27.11	-36.30	48.46	12.26	-78.75	38.57	-34.51	-55.23	-54.04	-4.20	4.10	-10.43
Other Operating Activities	539.65	584.48	-9.41	12.26	17.34	-1.90	-11.69	-13.22	1.54	0.69	1.33	0.10
Net Cash from Operating Activities	60.92	60.92	131.83	131.83	178.74	187.09	63.18	82.50	82.72	74.83	65.39	48.17
Investing Activities
Capital Expenditures	-33.97	-33.97	-44.04	-44.04	-46.85	-43.70	-54.85	-56.74	-56.74	-53.53	-30.20	-16.86
Acquisitions	-	0.00	-25.79	-25.79	-701.11	-0.71	-51.88	-331.53	-331.53	-6.80	0.00	-53.59
Purchases of Investments	-	0.00	-	-1.12	0.00	0.00	0.00	-	0.00	0.00	0.00	0.00
Other Investing Activities	-	0.00	-6.46	-6.46	-2.43	-0.32	0.00	-0.25	-0.25	0.00	0.00	0.00
Net Cash from Investing Activities	-33.97	-33.97	-76.29	-76.29	-750.40	-44.74	-104.95	-388.53	-388.53	-60.33	-30.20	-70.46
Financing Activities
Debt Repayment	-567.43	-35.82	-19.29	-425.29	543.53	-184.48	-12.50	-	319.39	7.63	-39.34	31.37
Common Stock Issued	-	0.00	-	0.00	0.00	0.00	0.00	198.24	198.24	0.00	0.00	0.00
Common Stock Repurchased	-1.29	-1.29	-27.61	-25.00	-31.20	-4.23	-7.05	-4.34	-4.34	-6.78	-4.10	-3.98
Other Financing Activities	-2.90	-2.90	-3.43	-3.43	-3.35	9.57	-4.23	-6.56	-6.56	0.00	0.00	-5.38
Net Cash from Financing Activities	-40.01	-40.01	-67.33	-67.33	508.98	-179.14	-23.78	506.72	506.72	0.86	-43.43	22.01
Summary
Effect of Forex Changes on Cash	-0.61	-0.61	-0.19	-0.19	1.07	2.35	-0.54	-	1.12	0.42	0.25	0.94
Net Change in Cash	-13.67	-13.67	-11.97	-11.97	-61.61	-34.44	-66.08	202.03	202.03	15.78	-7.99	0.67
Cash at Beginning of Period	-	71.67	-	83.64	145.25	179.69	245.76	-	43.74	27.96	35.95	35.28
Cash at End of Period	-	58.01	-	71.67	83.64	145.25	179.69	-	245.76	43.74	27.96	35.95
Free Cash Flow	26.95	26.95	87.79	87.79	131.89	143.39	8.34	25.76	25.97	21.30	35.19	31.31
Supplemental Disclosures
Interest Paid	-	-	57.00	-	21.15	9.92	6.38	7.17	-	-	-	-
Income Taxes Paid	-	-	29.16	-	44.66	37.49	14.98	26.23	-	-	-	-

Source: Company financial statements from annual and quarterly filings. Data as of Jul 3, 2026. Data sources and methodology

Frequently Asked Questions About Fox Factory Holding Cash Flow

What is Fox Factory Holding's free cash flow?

Fox Factory Holding generated free cash flow of $26.95M in fiscal 2025 (fiscal year ended Jan 2, 2026), operating cash flow of $60.92M minus $33.97M of capital expenditures. That was down 69.3% from $87.79M a year earlier. Free cash flow equaled 1.8% of revenue.

How much does Fox Factory Holding spend on capital expenditures?

Fox Factory Holding spent $33.97M on capital expenditures in fiscal 2025, compared with $44.04M a year earlier. That equals 55.8% of operating cash flow.

Does Fox Factory Holding pay dividends or buy back shares?

Yes. In fiscal 2025 Fox Factory Holding returned $1.29M in share buybacks to shareholders, according to its cash flow statement.

What is free cash flow?

Free cash flow is operating cash flow minus capital expenditures. It is the cash a company has left for dividends, buybacks, debt repayment or acquisitions after funding its operations and investment. Full definition