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

Fox Factory brought in $1.5B of revenue in fiscal 2025, Lobo Technologies $23.2M in fiscal 2025. Revenue changed by +5.3% at Fox Factory and +9.6% at Lobo Technologies on the year before, so Lobo Technologies grew faster. Fox Factory kept -37.1% of its revenue as net profit, Lobo Technologies -23.6%. Free cash flow was $27M at Fox Factory and -$2.1M at Lobo Technologies.

Side by side, latest fiscal year

FOXFLOBO
Fiscal year endedFY2025 (January 2, 2026)FY2025 (December 31, 2025)
Revenue$1.5B$23.2M
Revenue growth+5.3%+9.6%
Net income-$544.6M-$5.5M
Net margin-37.1%-23.6%
Free cash flow$27M-$2.1M
Free cash flow margin1.8%-9.2%
Earnings per share (diluted)-$13.03-$0.52
Cash$58M$908.3K
Debt$523.5M$95.4K
Price to earningsn/an/a
Market value$779.7M$7.8M
Dividend yieldn/an/a
Rank by revenue in sector#402 of 955 · Consumer discretionary#817 of 955 · Consumer discretionary

Over the years

Revenue
FOXF FY2018: $619.2MFOXF FY2019: $751MFOXF FY2020: $890.6MFOXF FY2021: $1.3BFOXF FY2022: $1.6BFOXF FY2023: $1.5BFOXF FY2024: $1.4BFOXF FY2025: $1.5BLOBO FY2021: $14.1MLOBO FY2023: $18.3MLOBO FY2023: $15.5MLOBO FY2024: $21.2MLOBO FY2025: $23.2MFY18FY19FY20FY21FY22FY23FY24FY25
FOXF $1.5BLOBO $23.2M
Net income
FOXF FY2018: $84MFOXF FY2019: $93MFOXF FY2020: $90.7MFOXF FY2021: $163.8MFOXF FY2022: $205.3MFOXF FY2023: $120.8MFOXF FY2024: $6.6MFOXF FY2025: -$544.6MLOBO FY2021: $1.6MLOBO FY2023: $1.1MLOBO FY2023: $969.6KLOBO FY2024: -$812.8KLOBO FY2025: -$5.5MFY18FY19FY20FY21FY22FY23FY24FY25
FOXF -$544.6MLOBO -$5.5M
Net margin
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%LOBO FY2021: 11.7%LOBO FY2023: 5.9%LOBO FY2023: 6.3%LOBO FY2024: -3.8%LOBO FY2025: -23.6%FY18FY19FY20FY21FY22FY23FY24FY25
FOXF -37.1%LOBO -23.6%
Revenue growth
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%LOBO FY2023: +29.5%LOBO FY2023: -15.4%LOBO FY2024: +36.9%LOBO FY2025: +9.6%FY19FY20FY21FY22FY23FY24FY25
FOXF +5.3%LOBO +9.6%
Free cash flow
FOXF FY2018: $35.2MFOXF FY2019: $21.3MFOXF FY2020: $25.8MFOXF FY2021: $8.3MFOXF FY2022: $143.4MFOXF FY2023: $131.9MFOXF FY2024: $87.8MFOXF FY2025: $27MLOBO FY2021: $1.8MLOBO FY2023: -$2MLOBO FY2023: -$1.7MLOBO FY2024: -$3.3MLOBO FY2025: -$2.1MFY18FY19FY20FY21FY22FY23FY24FY25
FOXF $27MLOBO -$2.1M

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

Questions about Fox Factory and Lobo Technologies

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

Fox Factory is bigger by revenue: $1.5B in fiscal 2025, against $23.2M for Lobo Technologies in fiscal 2025.

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

Fox Factory had a net margin of -37.1% in fiscal 2025; Lobo Technologies had -23.6% in fiscal 2025.

Which grew revenue faster, Fox Factory or Lobo Technologies?

In their latest fiscal years revenue changed by +5.3% at Fox Factory and +9.6% at Lobo Technologies.

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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