Assay
Financial-condition grades for SEC filers
Company Report · as of Oct 9, 2026
|
| FOX Factory Holding Corp.FOXF · consumer durables | |
|---|---|
| Grade |  Dfourth fifth of 460 graded peers; percentile 70.4, sampling error 2.3 points; lower is stronger |
| Rank | 326 of 460 |
| Profitability | Cpercentile 50.5 |
| Solvency | Cpercentile 55.4 |
| Growth and financing | Dpercentile 68.0 |
| Reliability | 0.91 AUCfailure model, filers with $591M to $2.67B assets; 95% interval 0.88 to 0.94; 160 events, 2020 to 2025 |
| Peer failure rate | 1.01% a yearItem 1.03 bankruptcies, same asset band, 2012 to 2025 |
| Size band | $591M to $2.67B assetstotal assets $1.7B[1] |
| Standard universe | insiderevenue above $1M and assets above $10M[1-2] |
| Warnings | none activenot computable: short runway, distress |
| Inputs computable | 11 of 14 |
| Graded from | filings received through Feb 27, 2026224 days before the rescan; every figure keyed to the SEC receipt date |
| Last close | $18.522026-10-08; market equity $778.4M; iex feed |
| Price used in grade | None |
| Share price, twelve months to the rescansplit-adjusted close; a lollipop at every rescan carries the letter held then; baseline ticks are SEC receipt dates of the inputs; ranges and dragging scroll the full history | ||||||||||||||||||||||||||||||||||||||||||||||||
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Percentile at every rescan on file, Jan 21, 2012 to Oct 9, 2026; stronger toward the top. Hover for the date. Open this report as it stood on | ||||||||||||||||||||||||||||||||||||||||||||||||
Each date opens the report as it stood on that rescan. |
Business, in the company's words. Opening of Item 1 of the 10-K received Feb 27, 2026; the document on sec.gov.
Item 5Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities Item 7Management’s Discussion and Analysis of Financial Condition and Results of Operations Item 7AQuantitative and Qualitative Disclosures About Market Risk Item 9Changes in and Disagreements with Accountants on Accounting and Financial Disclosure Item 9CDisclosure Regarding Foreign Jurisdictions that Prevent Inspections Item 10Directors, Executive Officers and Corporate Governance Item 12Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters Item 13Certain Relationships and Related Transactions, and Director Independence Management’s...
The Fourteen Inputs [top]
Lower percentile is stronger. Source numbers open the SEC filing; a range that spans filings opens the sources table.
| Input | Percentile, 0 to 100 | Value | Source | Peer median | Percentile | Peers | Period end |
|---|---|---|---|---|---|---|---|
| Profitability, sleeve percentile 50.5 | |||||||
| Gross profitability | 26.5% | [1,3] | 34.4% | 60.0 | 476 | 2026-01-02 | |
| Return on invested capital | (35.1%) | [4-12] | 8.9% | 95.1 | 163 | 2026-01-02 | |
| Accruals ratio | (31.0%) | [1,13-15] | (5.1%) | 6.3 | 525 | 2026-01-02 | |
| Gross margin stability, five years | 1.3 pts | [2-3,16-23] | 1.7 pts | 40.6 | 407 | 2026-01-02 | |
| Solvency, sleeve percentile 55.4 | |||||||
| Twelve-month failure probability | not computable | 0.04% | |||||
| latest liabilities, cash plus short-term investments, book equity, and shares are required | |||||||
| Altman Z double-prime | 1.15 | [1,4,8,24-27] | 2.11 | 58.6 | 402 | 2026-01-02 | |
| Net debt to EBITDA | not computable | 2.11x | |||||
| EBITDA must exceed $100,000 | |||||||
| Interest coverage | (9.74x) | [4,28] | 2.57x | 90.6 | 128 | 2026-01-02 | |
| Current ratio | 2.86x | [24-25] | 1.55x | 17.0 | 541 | 2026-01-02 | |
| Growth and financing, sleeve percentile 68.0 | |||||||
| Revenue growth, three-year compound | (2.9%) | [2,17,19,21] | 1.4% | 68.6 | 482 | 2026-01-02 | |
| Free cash flow growth, three-year compound | (42.7%) | [14,29-35] | 8.3% | 94.4 | 250 | 2026-01-02 | |
| Reinvestment rate | not computable | 12.0% | |||||
| NOPAT must exceed $100,000 | |||||||
| Asset growth, three years | 1.1% | [1,15,36-37] | 2.0% | 50.6 | 487 | 2026-01-02 | |
| Net share issuance, one year | 0.3% | [38-39] | (0.3%) | 58.3 | 382 | 2026-02-19 | |
Gross profitability. Revenue less cost of goods sold, over total assets.
Accruals ratio. Net income less operating cash flow, over average assets; lower is stronger.
Gross margin stability, five years. Standard deviation of gross margin; lower is stronger.
Twelve-month failure probability. CHS model; lower is stronger.
Net debt to EBITDA. Lower is stronger.
Net share issuance, one year. Split-adjusted; lower is stronger.
Sleeves are equal-weighted; within a sleeve each computable input carries equal weight. Composite 0.163; sampling error 2.3 percentile points on 460 peers.
Among 460 Peers [top]
Composite score of every graded peer, smoothed. Vertical rules are the letter band edges at the 20th, 40th, 60th and 80th percentiles. Small dots are the six largest peers by market equity.
| Rank | Company | Percentile | Letter | Warnings |
|---|---|---|---|---|
| 321 | OneWater Marine Inc. (ONEW) OneWater Marine Inc. (ONEW) Dfourth fifth; percentile 69.3 Nasdaq · Retail-Auto & Home Supply Stores last close $9.63 No active warnings; 7 of 14 inputs | 69.3 | D | |
| 322 | Dauch Corp. (DCH) Dauch Corp. (DCH) Dfourth fifth; percentile 69.5 NYSE · Motor Vehicle Parts & Accessories market equity $1.4B; last close $5.68 Warnings: dilution; 11 of 14 inputs | 69.5 | D | dilution |
| 323 | Lands' END, Inc. (LE) Lands' END, Inc. (LE) Dfourth fifth; percentile 69.6 Nasdaq · Retail-Family Clothing Stores market equity $307.0M; last close $10.49 Warnings: short runway; 9 of 14 inputs | 69.6 | D | short runway |
| 324 | Deluxe Corp. (DLX) Deluxe Corp. (DLX) Dfourth fifth; percentile 69.9 NYSE · Blankbooks, Looseleaf Binders & Bookbindg & Relatd Work market equity $1.1B; last close $23.07 No active warnings; 9 of 14 inputs | 69.9 | D | |
| 325 | Willis Lease Finance Corp. (WLFC) Willis Lease Finance Corp. (WLFC) Dfourth fifth; percentile 70.0 Nasdaq · Wholesale-Machinery, Equipment & Supplies market equity $846.0M; last close $39.99 No active warnings; 8 of 14 inputs | 70.0 | D | |
| 326 | FOX Factory Holding Corp. (FOXF) FOX Factory Holding Corp. (FOXF) Dfourth fifth; percentile 70.4 Nasdaq · Motorcycles, Bicycles & Parts market equity $777.6M; last close $18.52 No active warnings; 11 of 14 inputs | 70.4 | D | |
| 327 | Builders FirstSource, Inc. (BLDR) Builders FirstSource, Inc. (BLDR) Dfourth fifth; percentile 70.4 NYSE · Retail-Lumber & Other Building Materials Dealers market equity $5.8B; last close $53.80 No active warnings; 12 of 14 inputs | 70.4 | D | |
| 328 | Kraft Heinz Co. (KHC) Kraft Heinz Co. (KHC) Dfourth fifth; percentile 70.7 NYSE · Canned, Frozen & Preservd Fruit, Veg & Food Specialties market equity $26.7B; last close $22.48 No active warnings; 11 of 14 inputs | 70.7 | D | |
| 329 | Wendy's Co. (WEN) Wendy's Co. (WEN) Dfourth fifth; percentile 70.8 Nasdaq · Retail-Eating & Drinking Places market equity $1.2B; last close $6.23 No active warnings; 12 of 14 inputs | 70.8 | D | |
| 330 | Ingram Micro Holding Corp. (INGM) Ingram Micro Holding Corp. (INGM) Dfourth fifth; percentile 71.2 NYSE · Wholesale-Computers & Peripheral Equipment & Software market equity $6.4B; last close $27.59 No active warnings; 8 of 14 inputs | 71.2 | D | |
| 331 | Scholastic Corp. (SCHL) Scholastic Corp. (SCHL) Dfourth fifth; percentile 71.5 Nasdaq · Books: Publishing or Publishing & Printing market equity $675.5M; last close $38.37 No active warnings; 7 of 14 inputs | 71.5 | D |
| Peer policy | Letter | Percentile | Peers |
|---|---|---|---|
| all graded filers, equal sleeves | D | 67.4 | 2204 |
| sector peers, equal sleeves (the grade) | D | 70.4 | 460 |
| same exchange, equal sleeves | D | 64.0 | 1219 |
| sector peers, equal inputs | D | 71.2 | 460 |
Each letter is one fifth of the 460 graded peers, about 92 companies. A boundary letter (A/B, B/C, C/D, D/E) marks a percentile within one sampling error of a band edge.
What the Price Implies [top]
Market measures at the 2026-10-08 close. None enters the grade. Percentile among graded peers with the same measure.
| Measure | Value | Peer median | Percentile | Reading |
|---|---|---|---|---|
| Twelve-month price change, skipping the latest month | (15.9%) | (0.2%) | 32 | hotter than 32 of 100 peers |
| Distance from 52-week high | (25.6%) | (25.6%) | 50 | closer to its high than 50 of 100 peers |
| EBIT to enterprise value | (42.7%) | 5.0% | 8 | pricier than 92 of 100 peers |
| Free cash flow yield | 3.5% | 4.6% | 41 | pricier than 59 of 100 peers |
| Book value to price | 0.86 | 0.45 | 71 | pricier than 29 of 100 peers |
| Sales to price | 1.89 | 1.49 | 58 | pricier than 42 of 100 peers |
| Composite equity issuance, five years | 0.5% | (16.0%) | 77 | more equity-funded than 77 of 100 peers |
| Relative strength against the sector, log excess return | (0.15) | (0.01) | 36 | ahead of 36 of 100 peers |
Inputs: market equity $777.6M; EBIT -$522.9M; free cash flow $27.0M; book equity $667.0M; sales $1.5B; debt $504.7M; cash $58.0M[40].
Diagnostics [top]
Diagnostics do not feed the grade.
| Piotroski F-score: 4 of 9, period end 2026-01-02 | ||
|---|---|---|
| Return on assets above zero | (24.4%) | ✗ fail[13,15] |
| Operating cash flow above zero | $60.9M | ✓ pass[14] |
| Return on assets improved | (24.7 pts) | ✗ fail[13,15,36,41] |
| Operating cash flow exceeds net income | $605.5M | ✓ pass[13-14] |
| Long-term leverage fell | 1.9 pts | ✗ fail[1,15,36,42-43] |
| Current ratio improved | 6.3 pts | ✓ pass[24-25,44-45] |
| No new shares issued | 0.3% | ✗ fail[38-39] |
| Gross margin improved | (0.2 pts) | ✗ fail[2-3,16-17] |
| Asset turnover improved | 3.5 pts | ✓ pass[2,15,17,36] |
| Cash, filings, liquidity | |
|---|---|
| Cash and equivalents | n/a |
| Operating cash flow, four quarters | n/a[14,46-49] |
| Months of runway | not finite |
| cash is missing at the end of the latest cash-flow quarter | |
| Late filings, two years | 0 |
| NT 10-K or NT 10-Q | |
| Days since last periodic filing | 63 |
| 10-Q received Aug 7, 2026 | |
| Median daily dollar volume | $8.9M |
| 63 sessions | |
| Days since newest grade input | 224 |
Downloads [top]
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Sources [top]
Every citation on this page. Filing opens the SEC index page for that submission; viewer opens the SEC interactive data for the same filing; series opens the SEC XBRL API record for that tag and company.
| # | Concept | XBRL tag | Value | Period end | Received | Form | Links |
|---|---|---|---|---|---|---|---|
| 1 | assets | us-gaap:Assets | $1.7B | 2026-01-02 | 2026-02-27 | 10-K | filing · viewer · series |
| 2 | revenue | us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax | $1.5B | 2026-01-02 | 2026-02-27 | 10-K | filing · viewer · series |
| 3 | gross profit | us-gaap:GrossProfit | $443.2M | 2026-01-02 | 2026-02-27 | 10-K | filing · viewer · series |
| 4 | operating income | us-gaap:OperatingIncomeLoss | -$522.9M | 2026-01-02 | 2026-02-27 | 10-K | filing · viewer · series |
| 5 | pretax income | us-gaap:IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest | -$576.3M | 2026-01-02 | 2026-02-27 | 10-K | filing · viewer · series |
| 6 | income tax | us-gaap:IncomeTaxExpenseBenefit | -$31.6M | 2026-01-02 | 2026-02-27 | 10-K | filing · viewer · series |
| 7 | total debt | us-gaap:LongTermDebt | $523.5M | 2026-01-02 | 2026-02-27 | 10-K | filing · viewer · series |
| 8 | book equity | us-gaap:StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest | $670.2M | 2026-01-02 | 2026-02-27 | 10-K | filing · viewer · series |
| 9 | cash | us-gaap:CashAndCashEquivalentsAtCarryingValue | $58.0M | 2026-01-02 | 2026-02-27 | 10-K | filing · viewer · series |
| 10 | total debt | us-gaap:LongTermDebt | $552.1M | 2025-01-03 | 2025-02-28 | 10-K | filing · viewer · series |
| 11 | book equity | us-gaap:StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest | $1.2B | 2025-01-03 | 2026-02-27 | 10-K | filing · viewer · series |
| 12 | cash | us-gaap:CashAndCashEquivalentsAtCarryingValue | $71.7M | 2025-01-03 | 2026-02-27 | 10-K | filing · viewer · series |
| 13 | net income | us-gaap:NetIncomeLoss | -$544.6M | 2026-01-02 | 2026-02-27 | 10-K | filing · viewer · series |
| 14 | operating cash flow | us-gaap:NetCashProvidedByUsedInOperatingActivities | $60.9M | 2026-01-02 | 2026-02-27 | 10-K | filing · viewer · series |
| 15 | assets | us-gaap:Assets | $2.2B | 2025-01-03 | 2026-02-27 | 10-K | filing · viewer · series |
| 16 | gross profit | us-gaap:GrossProfit | $423.6M | 2025-01-03 | 2026-02-27 | 10-K | filing · viewer · series |
| 17 | revenue | us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax | $1.4B | 2025-01-03 | 2026-02-27 | 10-K | filing · viewer · series |
| 18 | gross profit | us-gaap:GrossProfit | $464.8M | 2023-12-29 | 2026-02-27 | 10-K | filing · viewer · series |
| 19 | revenue | us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax | $1.5B | 2023-12-29 | 2026-02-27 | 10-K | filing · viewer · series |
| 20 | gross profit | us-gaap:GrossProfit | $531.3M | 2022-12-30 | 2025-02-28 | 10-K | filing · viewer · series |
| 21 | revenue | us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax | $1.6B | 2022-12-30 | 2025-02-28 | 10-K | filing · viewer · series |
| 22 | gross profit | us-gaap:GrossProfit | $432.3M | 2021-12-31 | 2024-02-23 | 10-K | filing · viewer · series |
| 23 | revenue | us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax | $1.3B | 2021-12-31 | 2024-02-23 | 10-K | filing · viewer · series |
| 24 | current assets | us-gaap:AssetsCurrent | $745.7M | 2026-01-02 | 2026-02-27 | 10-K | filing · viewer · series |
| 25 | current liabilities | us-gaap:LiabilitiesCurrent | $260.3M | 2026-01-02 | 2026-02-27 | 10-K | filing · viewer · series |
| 26 | retained earnings | us-gaap:RetainedEarningsAccumulatedDeficit | $330.8M | 2026-01-02 | 2026-02-27 | 10-K | filing · viewer · series |
| 27 | liabilities | us-gaap:Liabilities | $1.0B | 2026-01-02 | 2026-02-27 | 10-K | filing · viewer · series |
| 28 | interest expense | us-gaap:InterestExpense | $53.7M | 2026-01-02 | 2026-02-27 | 10-K | filing · viewer · series |
| 29 | capital expenditure | us-gaap:PaymentsToAcquirePropertyPlantAndEquipment | $34.0M | 2026-01-02 | 2026-02-27 | 10-K | filing · viewer · series |
| 30 | operating cash flow | us-gaap:NetCashProvidedByUsedInOperatingActivities | $131.8M | 2025-01-03 | 2026-02-27 | 10-K | filing · viewer · series |
| 31 | capital expenditure | us-gaap:PaymentsToAcquirePropertyPlantAndEquipment | $44.0M | 2025-01-03 | 2026-02-27 | 10-K | filing · viewer · series |
| 32 | operating cash flow | us-gaap:NetCashProvidedByUsedInOperatingActivities | $178.7M | 2023-12-29 | 2026-02-27 | 10-K | filing · viewer · series |
| 33 | capital expenditure | us-gaap:PaymentsToAcquirePropertyPlantAndEquipment | $46.9M | 2023-12-29 | 2026-02-27 | 10-K | filing · viewer · series |
| 34 | operating cash flow | us-gaap:NetCashProvidedByUsedInOperatingActivities | $187.1M | 2022-12-30 | 2025-02-28 | 10-K | filing · viewer · series |
| 35 | capital expenditure | us-gaap:PaymentsToAcquirePropertyPlantAndEquipment | $43.7M | 2022-12-30 | 2025-02-28 | 10-K | filing · viewer · series |
| 36 | assets | us-gaap:Assets | $2.2B | 2023-12-29 | 2025-02-28 | 10-K | filing · viewer · series |
| 37 | assets | us-gaap:Assets | $1.6B | 2022-12-30 | 2024-02-23 | 10-K | filing · viewer · series |
| 38 | shares outstanding | dei:EntityCommonStockSharesOutstanding | 41,802,281 | 2026-02-19 | 2026-02-27 | 10-K | filing · viewer · series |
| 39 | shares outstanding | dei:EntityCommonStockSharesOutstanding | 41,683,905 | 2025-02-20 | 2025-02-28 | 10-K | filing · viewer · series |
| 40 | shares outstanding | dei:EntityCommonStockSharesOutstanding | 42,031,001 | 2026-07-31 | 2026-08-07 | 10-Q | filing · viewer · series |
| 41 | net income | us-gaap:NetIncomeLoss | $6.5M | 2025-01-03 | 2026-02-27 | 10-K | filing · viewer · series |
| 42 | long term debt | us-gaap:LongTermDebtNoncurrent | $496.7M | 2026-01-02 | 2026-02-27 | 10-K | filing · viewer · series |
| 43 | long term debt | us-gaap:LongTermDebtNoncurrent | $527.8M | 2025-01-03 | 2026-02-27 | 10-K | filing · viewer · series |
| 44 | current assets | us-gaap:AssetsCurrent | $727.7M | 2025-01-03 | 2026-02-27 | 10-K | filing · viewer · series |
| 45 | current liabilities | us-gaap:LiabilitiesCurrent | $259.8M | 2025-01-03 | 2026-02-27 | 10-K | filing · viewer · series |
| 46 | operating cash flow | us-gaap:NetCashProvidedByUsedInOperatingActivities | $13.2M | 2026-07-03 | 2026-08-07 | 10-Q | filing · viewer · series |
| 47 | operating cash flow | us-gaap:NetCashProvidedByUsedInOperatingActivities | -$16.1M | 2026-04-03 | 2026-05-08 | 10-Q | filing · viewer · series |
| 48 | operating cash flow | us-gaap:NetCashProvidedByUsedInOperatingActivities | $42.8M | 2025-10-03 | 2025-11-07 | 10-Q | filing · viewer · series |
| 49 | operating cash flow | us-gaap:NetCashProvidedByUsedInOperatingActivities | $37.5M | 2025-07-04 | 2026-08-07 | 10-Q | filing · viewer · series |
Limitations [top]
Grade boundary. Percentile 70.4 is 9.6 points from the nearest band edge; sampling error is 2.3 points.
Peer group. Sector assignment from four-digit SIC codes, hand-tuned and published. The grade under three alternative peer policies is tabled above.
Size. Within a sector the letter tracks size. Among graded filers in the smallest asset band, 72% grade E and 0% grade A; in the largest, 13% grade E and 21% grade A. Universe as of Oct 9, 2026.
Failure model. filings 2012-01-01 to 2019-12-31 fit, filings 2020-01-01 to 2025-12-31 test; status post hoc pending confirmation. pre-registered on 2026 filings once their 12-month outcome windows close; supported if the paired per-quintile gain over the pooled model has a lower bound above 0.05.
Input validity. Revenue or total assets at or below $100,000 sets the degenerate-inputs flag. An input whose denominator is at or below $100,000 is left not computable rather than ranked.
Returns. No input on this page has a post-2015 confidence interval on returns that excludes zero. The grade ranks reported financial condition and is not a return forecast.
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