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
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
FCF
Total debt
Cash
2026
$1.6B
$26M
70.7%
4.5%
$190M
$842M
$290M
2025
$1.3B
$112M
71.2%
12.0%
$115M
—
$149M
2024
$1.0B
$128M
70.7%
14.6%
$62M
—
$108M
2023
$579M
$62M
67.4%
11.8%
$100M
—
$121M
2022
$392M
$22M
64.2%
7.6%
$15M
—
$43M
2021
$318M
$6M
64.8%
3.0%
$23M
—
$58M
2020
$283M
$18M
64.0%
10.6%
$35M
—
$46M
2018
$267M
$16M
60.9%
9.8%
$47M
—
$51M
2017
$270M
$33M
61.0%
12.3%
$5M
—
—
2016
$230M
$5M
57.6%
10.1%
-$7M
—
—
2015
—
$4M
—
—
—
—
—
2014
—
-$9M
—
—
—
—
—
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
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
FCF
Total debt
Cash
Mar '26
$449M
-$49M
72.7%
-11.2%
$101M
$842M
$290M
Dec '25
$490M
$39M
71.0%
13.8%
$53M
$849M
$197M
Sep '25
$344M
$3M
69.4%
2.2%
$17M
$857M
$194M
Jun '25
$354M
$33M
69.1%
13.8%
$20M
—
$170M
Mar '25
$333M
$28M
71.3%
13.3%
$125M
—
$149M
Dec '24
$355M
$17M
71.3%
9.9%
-$20M
—
$74M
Sep '24
$301M
$19M
71.1%
9.3%
$10M
—
$97M
Jun '24
$324M
$48M
71.3%
15.6%
$495000
—
$109M
Mar '24
$321M
$15M
70.7%
5.3%
$34M
—
$108M
Dec '23
$271M
$27M
70.8%
11.8%
-$22M
—
$73M
Sep '23
$216M
$33M
70.7%
18.6%
$27M
—
$168M
Jun '23
$216M
$53M
70.5%
28.0%
$23M
—
$143M
Mar '23
$187M
$16M
68.9%
4.3%
$33M
—
$121M
Dec '22
$147M
$19M
67.4%
15.9%
$25M
—
$87M
Sep '22
$122M
$12M
65.0%
12.6%
$12M
—
$85M
Jun '22
$123M
$14M
67.7%
17.5%
$30M
—
$72M
Mar '22
$105M
$2M
64.2%
2.1%
$11M
—
$43M
Dec '21
$98M
$6M
65.6%
9.1%
$6M
—
$33M
Sep '21
$92M
$6M
63.1%
8.1%
-$8M
—
$42M
Jun '21
$97M
$8M
63.8%
11.5%
$5M
—
$63M
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 79.6× (Mar '23) to 146.9× (Jun '26).
The price-to-sales ratio has fallen from 8.5× (Mar '23) to 2.4× (Jun '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?
As of Jun '26, E.L.F. Beauty, Inc. traded at a price-to-earnings ratio of about 146.9× (market cap ÷ latest annual net income). The valuation charts above show how its P/E, P/S have moved with the share price. 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), corporate-action-adjusted ·
growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price
against the latest annual filing. Informational only — not investment advice.