12 years of revenue, profit, cash flow and balance-sheet history through FY2026,
from SEC filings — with a computed, factual read of the trend.
Updated Overview →
Growth & profitability
Revenue has grown 38.8% per year over the past 5 years.
Net income has grown slower than revenue (33.4% vs 38.8% per year).
Operating margin has expanded, at 4.5% in the latest year.
Free cash flow has grown 52.6% per year over the past 5 years.
Financial health
Total debt ($842M) exceeds cash ($290M); net debt is $552M.
Total debt is 5.5× EBITDA.
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Return on equity & assets (ROE / ROA)
ROEROA
Free cash flow (CFO − capex)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key annual figures
FY
Revenue
Net income
Gross M
Op M
ROE
ROA
FCF
Total debt
Cash
2026
$1.6B
$26M
70.7%
4.5%
2.3%
1.1%
$190M
$842M
$290M
2025
$1.3B
$112M
71.2%
12.0%
14.7%
9.0%
$115M
—
$149M
2024
$1.0B
$128M
70.7%
14.6%
19.9%
11.3%
$62M
—
$108M
2023
$579M
$62M
67.4%
11.8%
15.0%
10.3%
$100M
—
$121M
2022
$392M
$22M
64.2%
7.6%
7.0%
4.4%
$15M
—
$43M
2021
$318M
$6M
64.8%
3.0%
2.3%
1.3%
$23M
—
$58M
2020
$283M
$18M
64.0%
10.6%
7.4%
3.9%
$35M
—
$46M
2018
$267M
$16M
60.9%
9.8%
6.8%
3.6%
$47M
—
$51M
2017
$270M
$33M
61.0%
12.3%
17.3%
8.0%
$5M
—
—
2016
$230M
$5M
57.6%
10.1%
3.8%
1.3%
-$7M
—
—
2015
—
$4M
—
—
-7.2%
1.2%
—
—
—
2014
—
-$9M
—
—
67.3%
—
—
—
—
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Return on equity & assets (ROE / ROA)
ROEROA
Free cash flow (CFO − capex, quarterly)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key quarterly figures
Quarter
Revenue
Net income
Gross M
Op M
ROE
ROA
FCF
Total debt
Cash
Jun '26
$479M
$67M
83.2%
21.4%
5.7%
2.7%
$110M
$834M
$344M
Mar '26
$449M
-$49M
72.7%
-11.2%
-4.4%
-2.1%
$101M
$842M
$290M
Dec '25
$490M
$39M
71.0%
13.8%
3.4%
1.7%
$53M
$849M
$197M
Sep '25
$344M
$3M
69.4%
2.2%
0.3%
0.1%
$17M
$857M
$194M
Jun '25
$354M
$33M
69.1%
13.8%
4.1%
2.5%
$20M
—
$170M
Mar '25
$333M
$28M
71.3%
13.3%
3.7%
2.3%
$125M
—
$149M
Dec '24
$355M
$17M
71.3%
9.9%
2.2%
1.4%
-$20M
—
$74M
Sep '24
$301M
$19M
71.1%
9.3%
2.6%
1.5%
$10M
—
$97M
Jun '24
$324M
$48M
71.3%
15.6%
6.8%
3.9%
$495000
—
$109M
Mar '24
$321M
$15M
70.7%
5.3%
2.3%
1.3%
$34M
—
$108M
Dec '23
$271M
$27M
70.8%
11.8%
4.4%
2.4%
-$22M
—
$73M
Sep '23
$216M
$33M
70.7%
18.6%
6.4%
4.5%
$27M
—
$168M
Jun '23
$216M
$53M
70.5%
28.0%
11.2%
8.1%
$23M
—
$143M
Mar '23
$187M
$16M
68.9%
4.3%
4.0%
2.7%
$33M
—
$121M
Dec '22
$147M
$19M
67.4%
15.9%
5.0%
3.4%
$25M
—
$87M
Sep '22
$122M
$12M
65.0%
12.6%
3.3%
2.2%
$12M
—
$85M
Jun '22
$123M
$14M
67.7%
17.5%
4.3%
2.8%
$30M
—
$72M
Mar '22
$105M
$2M
64.2%
2.1%
0.5%
0.3%
$11M
—
$43M
Dec '21
$98M
$6M
65.6%
9.1%
2.0%
1.3%
$6M
—
$33M
Sep '21
$92M
$6M
63.1%
8.1%
1.9%
1.2%
-$8M
—
$42M
Valuation over time
How the market has priced ELF against its own fundamentals since 2023-03 —
each month-end's share price set against the most recent annual filing, so the multiple moves
as price runs ahead of (or behind) earnings. Split-adjusted.
The price-to-earnings ratio has risen from 79.0× (Mar '23) to 248.2× (Nov '26).
The price-to-sales ratio has fallen from 8.4× (Mar '23) to 4.0× (Nov '26).
Price / earnings (P/E)
P/E
Price / sales (P/S)
P/S
Frequently asked questions
Is ELF growing its revenue and profit?
Over the past 5 years, E.L.F. Beauty, Inc.'s revenue has grown 38.8% per year, and net income grown 33.4% per year. These are computed facts, not advice.
How much debt does ELF have?
As of FY2026, E.L.F. Beauty, Inc. reported $842M of total debt against $290M of cash.
What is ELF's profit margin?
In FY2026, gross margin was 70.7%, operating margin 4.5%, and net margin 1.6%.
What is ELF's P/E ratio?
E.L.F. Beauty, Inc.'s P/E (TTM) is 109.57 as of the 2026-11-02 close — market cap ÷ net income over the trailing twelve months where four consecutive quarters are reported, otherwise the latest fiscal year, the same figure as on the ELF stock page. The valuation chart above sets each month-end's price against the latest annual net income instead, so its latest point (about 248.2× as of Nov '26) can differ. These are computed facts, not advice.
Where does this data come from?
All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.
Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), split-adjusted; price return — dividends not reinvested ·
growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price
against the latest annual filing. Informational only — not investment advice.