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EZGO Technologies vs Fox Factory: revenue, profit, margins and growth compared

EZGO Technologies brought in $21.1M of revenue in fiscal 2024, Fox Factory $1.5B in fiscal 2025. Revenue changed by +32.7% at EZGO Technologies and +5.3% at Fox Factory on the year before, so EZGO Technologies grew faster. EZGO Technologies kept -34.5% of its revenue as net profit, Fox Factory -37.1%.

Side by side, latest fiscal year

EZGOFOXF
Fiscal year endedFY2024 (September 30, 2024)FY2025 (January 2, 2026)
Revenue$21.1M$1.5B
Revenue growth+32.7%+5.3%
Net income-$7.3M-$544.6M
Net margin-34.5%-37.1%
Free cash flown/a$27M
Free cash flow marginn/a1.8%
Earnings per share (diluted)-$2.80-$13.03
Cash$3.5M$58M
Debt$8.1M$523.5M
Price to earningsn/an/a
Market value$2.1M$779.7M
Dividend yieldn/an/a
Rank by revenue in sector#823 of 955 · Consumer discretionary#402 of 955 · Consumer discretionary

Over the years

Revenue
EZGO FY2018: $3.2MEZGO FY2020: $1.4MEZGO FY2020: $15.2MEZGO FY2021: $23.4MEZGO FY2022: $17.4MEZGO FY2023: $15.9MEZGO FY2024: $21.1MFOXF FY2018: $619.2MFOXF FY2019: $751MFOXF FY2020: $890.6MFOXF FY2021: $1.3BFOXF FY2022: $1.6BFOXF FY2023: $1.5BFOXF FY2024: $1.4BFOXF FY2025: $1.5BFY18FY19FY20FY21FY22FY23FY24FY25
EZGO $21.1MFOXF $1.5B
Net income
EZGO FY2018: $633.7KEZGO FY2020: $2.2MEZGO FY2020: $276.9KEZGO FY2021: -$3.4MEZGO FY2022: -$6.5MEZGO FY2023: -$6.8MEZGO FY2024: -$7.3MFOXF FY2018: $84MFOXF FY2019: $93MFOXF FY2020: $90.7MFOXF FY2021: $163.8MFOXF FY2022: $205.3MFOXF FY2023: $120.8MFOXF FY2024: $6.6MFOXF FY2025: -$544.6MFY18FY19FY20FY21FY22FY23FY24FY25
EZGO -$7.3MFOXF -$544.6M
Net margin
EZGO FY2018: 19.9%EZGO FY2020: 159.8%EZGO FY2020: 1.8%EZGO FY2021: -14.6%EZGO FY2022: -37.2%EZGO FY2023: -42.6%EZGO FY2024: -34.5%FOXF FY2018: 13.6%FOXF FY2019: 12.4%FOXF FY2020: 10.2%FOXF FY2021: 12.6%FOXF FY2022: 12.8%FOXF FY2023: 8.3%FOXF FY2024: 0.5%FOXF FY2025: -37.1%FY18FY19FY20FY21FY22FY23FY24FY25
EZGO -34.5%FOXF -37.1%
Revenue growth
EZGO FY2020: -57.0%EZGO FY2020: +1,011.7%EZGO FY2021: +53.7%EZGO FY2022: -25.8%EZGO FY2023: -8.4%EZGO FY2024: +32.7%FOXF FY2019: +21.3%FOXF FY2020: +18.6%FOXF FY2021: +45.9%FOXF FY2022: +23.4%FOXF FY2023: -8.6%FOXF FY2024: -4.8%FOXF FY2025: +5.3%FY19FY20FY21FY22FY23FY24FY25
EZGO +32.7%FOXF +5.3%
Free cash flow
EZGO FY2018: $910.4KEZGO FY2020: -$4MEZGO FY2020: $1.7MEZGO FY2021: -$13MFOXF FY2018: $35.2MFOXF FY2019: $21.3MFOXF FY2020: $25.8MFOXF FY2021: $8.3MFOXF FY2022: $143.4MFOXF FY2023: $131.9MFOXF FY2024: $87.8MFOXF FY2025: $27MFY18FY19FY20FY21FY22FY23FY24FY25
EZGO -$13MFOXF $27M

Fiscal years as each company reports them; the two may end in different months.

Questions about EZGO Technologies and Fox Factory

Which is bigger by revenue, EZGO Technologies or Fox Factory?

Fox Factory is bigger by revenue: $1.5B in fiscal 2025, against $21.1M for EZGO Technologies in fiscal 2024.

Which keeps more of its revenue as profit, EZGO Technologies or Fox Factory?

EZGO Technologies had a net margin of -34.5% in fiscal 2024; Fox Factory had -37.1% in fiscal 2025.

Which grew revenue faster, EZGO Technologies or Fox Factory?

In their latest fiscal years revenue changed by +32.7% at EZGO Technologies and +5.3% at Fox Factory.

Where do these numbers come from?

From the annual reports each company files with the SEC (10-K, or 20-F and 40-F for foreign companies), read from their XBRL data. Margins and growth are simple arithmetic on those figures. Nothing here is a recommendation.

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