ELFNYSEPerfumes, Cosmetics & Other Toilet PreparationsFiscal year ends March 31
e.l.f. Beauty, Inc.
Financials through Q1 FY2027, quarter ended Jun 30, 2026Last filing: 10-Q on Aug 6, 2026
$113.48−0.06 (-0.05%)
Close on Oct 19, 2026
- Market cap
- $6.78B
- P/E (TTM)
- 113.5
- Dividend yield
- –
Margins
Share of revenue, fiscal years 2014 to 2026
Gross margin
70.7%+5.9 pts over 5 years
Operating margin
4.5%+1.5 pts over 5 years
Net margin
1.6%−0.4 pts over 5 years
Growth rates
Compound annual growth to fiscal 2026
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | +24.6% | +41.4% | +38.8% | +21.7% | |
| Gross profit | +23.7% | +43.7% | +41.2% | +24.2% | |
| Operating income | -53.4% | +2.6% | +50.9% | +12.3% | |
| Net income | -76.5% | -24.7% | +33.4% | +17.4% | |
| EPS, diluted | -77.1% | -26.5% | +29.7% | – | |
| Free cash flow | +64.8% | +23.8% | +52.6% | – |
Returns and balance sheet
10 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2015 | FY2021 | FY2026 | Trend |
|---|---|---|---|---|
| Return on equity | -11.7% | – | 2.8% | |
| Return on assets | – | – | 1.4% | |
| Current ratio | 1.54 | 2.32 | 2.35 | |
| Debt to equity | -2.40 | 0.47 | 0.74 | |
| Net debt to EBITDA | 3.65× | 1.99× | 3.59× | |
| Inventory turnover | – | – | 2.4× | |
| Capex to revenue | 5.3% | 2.0% | 1.4% | |
| Diluted shares | 0M | 52M | 59M |
Where the cash went
Fiscal 2022 to 2026, five years combined
e.l.f. Beauty generated $538.90M from operations and spent $173.22M on capital expenditure, dividends and share buybacks. 32% of that went back into the business.
Generated
$538.90M
Used
$173.22M
Capital expenditure$56.17M32%Dividends$00%Share buybacks$117.05M68%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin1.6%
×Asset turnover0.90×
×Equity multiplier1.93×
=Return on equity, FY20262.8%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2026 | 1.6% | 0.90× | 1.93× | 2.8% |
| FY2025 | 8.5% | 1.10× | 1.69× | 16.0% |
| FY2024 | 12.5% | 1.19× | 1.64× | 24.2% |
| FY2023 | 10.6% | 1.06× | 1.51× | 17.0% |
| FY2022 | 5.6% | 0.80× | 1.69× | 7.5% |
| FY2018 | 5.8% | 0.63× | 2.02× | 7.3% |
| FY2017 | 12.4% | 0.65× | 2.49× | 20.0% |
| FY2016 | 2.3% | 0.59× | 9.64× | 13.2% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2026 against fiscal 2025
4of 9 tests passed in fiscal 2026. Scores of 7 to 9 are usually read as strong.
- ProfitableNet income above zero$26.32M
- Cash generatingOperating cash flow above zero$212.51M
- Return on assets improvedROA up on the prior year9.9% → 2.1%
- Earnings backed by cashOperating cash flow above net income$212.51M vs $26.32M
- Less leverageLong-term debt to assets fell20.6% → 33.8%
- Better liquidityCurrent ratio rose3.05 → 2.35
- No dilutionShare count did not rise58M → 59M
- Gross margin improvedGross margin up on the prior year71.24% → 70.72%
- More efficientAsset turnover rose1.16 → 1.31