Does Fox Factory Holding Corp. have an economic moat?

Based on its FY2025 SEC filings, the Moat Index scores Fox Factory Holding Corp. (FOXF) 50.5 out of 100 — a Shallow moat. The four filters behind that score (each 0–100): pricing power 57, returns on capital 78, balance-sheet safety 28, capital discipline 24.

Is FOXF stock trading below its intrinsic value?

Against a deliberately conservative owner-earnings model (9% discount rate, 0% assumed growth, capped at 4%), estimated intrinsic value is $35.64 per share versus a recent price of $19.02 — 47% below value. This is an educational estimate computed from primary SEC filings, not investment advice.

How has FOXF's Moat Score changed over time?

The record logs 2 readings since Jul 17, 2026; the latest reads 50.5 out of 100 (shallow moat). No tier changes on record yet. The history is append-only — readings are only ever added, never rewritten.

The Moat Index

Fox Factory Holding Corp.

FOXF · Consumer Discretionary · $795.1M mkt cap · FY2025 filings · Shallow moat ·

On the watchlist

Shallow moat

The four filters

Pricing power57

Median gross margin 32.4% over 10y, very stable.

Returns on capital78

Median ROIC 16.4%, above the 9% hurdle in 80% of years.

Balance-sheet safety28

Net debt/EBITDA n/ax, interest coverage -10x.

Capital discipline24

Owner earnings trend unclear, share count growing (dilution).

Margin of safety

Above valueOn sale

47% below value

Owner earnings (normalized): $134.1M
Est. intrinsic value / share: $35.64
Recent price: $19.02
Discount to value: 47% below value

Conservative model: 9% discount rate, 0% assumed growth (capped at 4%), maintenance capex ≈ min(capex, D&A).

Fundamentals

There's no normalized fundamentals series for FOXF yet — it appears once ingest has processed its filings.

Moat Score history

Moat Score over timeLast scored reading of each day, on the 0–100 scale50.5 / 100

Score history begins Jul 17, 2026 — the record builds from here and can’t be backfilled.

Tier changesSame-methodology crossings of the Wide / Narrow / Shallow bars

None yet — FOXF has read Shallow moat for every logged capture since Jul 17, 2026.

Scores are logged append-only and never overwritten — this record can’t be backfilled, which is exactly why it’s worth keeping.

Consumer Discretionary context

#149 of 340 scored Consumer Discretionary companies, ranked by Moat Score.

Nearest peers by Moat Score

#147MCRI MONARCH CASINO & RESORT, INC51.1 out of 100, Shallow moatShallow moat
#148MLR MILLER INDUSTRIES, INC.50.9 out of 100, Shallow moatShallow moat
#150BROS DUTCH BROS INC.50.4 out of 100, Shallow moatShallow moat
#151PII POLARIS INC.50.3 out of 100, Shallow moatShallow moat

Compare FOXF with its nearest peers →All Consumer Discretionary companies on the Index →

Common questions about FOXF

Does Fox Factory Holding Corp. have an economic moat?: Based on its FY2025 SEC filings, the Moat Index scores Fox Factory Holding Corp. (FOXF) 50.5 out of 100 — a Shallow moat. The four filters behind that score (each 0–100): pricing power 57, returns on capital 78, balance-sheet safety 28, capital discipline 24.
Is FOXF stock trading below its intrinsic value?: Against a deliberately conservative owner-earnings model (9% discount rate, 0% assumed growth, capped at 4%), estimated intrinsic value is $35.64 per share versus a recent price of $19.02 — 47% below value. This is an educational estimate computed from primary SEC filings, not investment advice.
How has FOXF's Moat Score changed over time?: The record logs 2 readings since Jul 17, 2026; the latest reads 50.5 out of 100 (shallow moat). No tier changes on record yet. The history is append-only — readings are only ever added, never rewritten.

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Scored from primary SEC filings via the public methodology. Educational only — not a recommendation to buy or sell FOXF. See the disclaimer.