InsiderClue
Stocks · Consumer staples · Perfumes, Cosmetics & Other Toilet Preparations

e.l.f. Beauty, Inc.

ELF Clue Score58
United States Fiscal year ends March CIK 0001600033
$109.23 +3.09% Close, 9 Oct 2026
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Price $109.23 +269.27% Close, 9 Oct 2026

Closing prices at the end of each trading day, from 12 Oct 2016. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back. P/E and P/FCF are the market value over the last full fiscal year's net income or free cash flow, as public on each day, so they step once a year when the annual report comes out. A hatched band marks a stretch with none: a year of net loss, or of cash burnt.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
RevenueOperating incomeNet income
Fiscal year 2016Revenue229.6Operating income23.1Net income5.3EPS, diluted−39.47Fiscal year 2017Revenue269.9 +17.6%Operating income33.3Net income33.5 +530.1%EPS, diluted0.68Fiscal year 2018Revenue267.4 −0.9%Operating income26.2Net income15.5 −53.6%EPS, diluted0.32Fiscal year 2020Revenue282.9 +5.8%Operating income30.0Net income17.9 +15.2%EPS, diluted0.35Fiscal year 2021Revenue318.1 +12.5%Operating income9.4Net income6.2 −65.2%EPS, diluted0.12Fiscal year 2022Revenue392.2 +23.3%Operating income29.8Net income21.8 +249.3%EPS, diluted0.41Fiscal year 2023Revenue578.8 +47.6%Operating income68.1Net income61.5 +182.6%EPS, diluted1.11Fiscal year 2024Revenue1,023.9 +76.9%Operating income149.7Net income127.7 +107.5%EPS, diluted2.21Fiscal year 2025Revenue1,313.5 +28.3%Operating income158.0Net income112.1 −12.2%EPS, diluted1.92Fiscal year 2026Revenue1,636.5 +24.6%Operating income73.6Net income26.3 −76.5%EPS, diluted0.44
FY2016FY2017FY2018FY2020FY2021FY2022FY2023FY2024FY2025FY2026
Revenue 229.6 269.9 267.4 282.9 318.1 392.2 578.8 1,023.9 1,313.5 1,636.5
Growth +17.6% −0.9% +5.8% +12.5% +23.3% +47.6% +76.9% +28.3% +24.6%
Operating income 23.1 33.3 26.2 30.0 9.4 29.8 68.1 149.7 158.0 73.6
Net income 5.3 33.5 15.5 17.9 6.2 21.8 61.5 127.7 112.1 26.3
Growth +530.1% −53.6% +15.2% −65.2% +249.3% +182.6% +107.5% −12.2% −76.5%
EPS, diluted −39.47 0.68 0.32 0.35 0.12 0.41 1.11 2.21 1.92 0.44

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Gross marginOperating marginNet margin
Fiscal year 2016Gross margin57.6%Operating margin10.1%Net margin2.3%Free cash flow margin−3.1%Fiscal year 2017Gross margin61.0%Operating margin12.3%Net margin12.4%Free cash flow margin1.8%Fiscal year 2018Gross margin60.9%Operating margin9.8%Net margin5.8%Free cash flow margin17.5%Fiscal year 2020Gross margin64.0%Operating margin10.6%Net margin6.3%Free cash flow margin12.3%Fiscal year 2021Gross margin64.8%Operating margin3.0%Net margin2.0%Free cash flow margin7.2%Fiscal year 2022Gross margin64.2%Operating margin7.6%Net margin5.6%Free cash flow margin3.7%Fiscal year 2023Gross margin67.4%Operating margin11.8%Net margin10.6%Free cash flow margin17.3%Fiscal year 2024Gross margin70.7%Operating margin14.6%Net margin12.5%Free cash flow margin6.1%Fiscal year 2025Gross margin71.2%Operating margin12.0%Net margin8.5%Free cash flow margin8.8%Fiscal year 2026Gross margin70.7%Operating margin4.5%Net margin1.6%Free cash flow margin11.6%
FY2016FY2017FY2018FY2020FY2021FY2022FY2023FY2024FY2025FY2026
Gross margin 57.6% 61.0% 60.9% 64.0% 64.8% 64.2% 67.4% 70.7% 71.2% 70.7%
Operating margin 10.1% 12.3% 9.8% 10.6% 3.0% 7.6% 11.8% 14.6% 12.0% 4.5%
Net margin 2.3% 12.4% 5.8% 6.3% 2.0% 5.6% 10.6% 12.5% 8.5% 1.6%
Free cash flow margin −3.1% 1.8% 17.5% 12.3% 7.2% 3.7% 17.3% 6.1% 8.8% 11.6%

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flowCapital expenditureFree cash flow
Fiscal year 2016Operating cash flow2.1Capital expenditure−9.2Free cash flow−7.1Fiscal year 2017Operating cash flow12.4Capital expenditure−7.5Free cash flow4.8Buybacks0.0Fiscal year 2018Operating cash flow55.6Capital expenditure−8.9Free cash flow46.7 +866.3%Buybacks0.0Fiscal year 2020Operating cash flow44.3Capital expenditure−9.4Free cash flow34.9 −25.3%Buybacks−7.9Fiscal year 2021Operating cash flow29.5Capital expenditure−6.5Free cash flow23.0 −34.1%Buybacks0.0Fiscal year 2022Operating cash flow19.5Capital expenditure−4.8Free cash flow14.7 −36.1%Buybacks0.0Fiscal year 2023Operating cash flow101.9Capital expenditure−1.7Free cash flow100.2 +581.6%Buybacks0.0Fiscal year 2024Operating cash flow71.2Capital expenditure−8.7Free cash flow62.5 −37.6%Buybacks0.0Fiscal year 2025Operating cash flow133.8Capital expenditure−18.5Free cash flow115.3 +84.5%Buybacks−67.1Fiscal year 2026Operating cash flow212.5Capital expenditure−22.4Free cash flow190.1 +64.8%Buybacks−50.0
FY2016FY2017FY2018FY2020FY2021FY2022FY2023FY2024FY2025FY2026
Operating cash flow 2.1 12.4 55.6 44.3 29.5 19.5 101.9 71.2 133.8 212.5
Capital expenditure −9.2 −7.5 −8.9 −9.4 −6.5 −4.8 −1.7 −8.7 −18.5 −22.4
Free cash flow −7.1 4.8 46.7 34.9 23.0 14.7 100.2 62.5 115.3 190.1
Growth +866.3% −25.3% −34.1% −36.1% +581.6% −37.6% +84.5% +64.8%
Buybacks n/a 0.0 0.0 −7.9 0.0 0.0 0.0 0.0 −67.1 −50.0

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
CashTotal debt
Fiscal year 2016Cash15.3Shareholders’ equity140.9Fiscal year 2017Cash10.1Shareholders’ equity193.9Fiscal year 2018Cash51.2Shareholders’ equity229.3Fiscal year 2020Cash46.2Shareholders’ equity242.2Fiscal year 2021Cash57.8Shareholders’ equity269.6Fiscal year 2022Cash43.4Shareholders’ equity312.4Fiscal year 2023Cash120.8Shareholders’ equity411.0Fiscal year 2024Cash108.2Shareholders’ equity642.6Fiscal year 2025Cash148.7Shareholders’ equity760.9Fiscal year 2026Cash289.7Total debt841.7Net cash (debt)−552.0Shareholders’ equity1,130.5Debt to equity0.74
FY2016FY2017FY2018FY2020FY2021FY2022FY2023FY2024FY2025FY2026
Cash 15.3 10.1 51.2 46.2 57.8 43.4 120.8 108.2 148.7 289.7
Total debt n/a n/a n/a n/a n/a n/a n/a n/a n/a 841.7
Net cash (debt) n/a n/a n/a n/a n/a n/a n/a n/a n/a −552.0
Shareholders’ equity 140.9 193.9 229.3 242.2 269.6 312.4 411.0 642.6 760.9 1,130.5
Debt to equity n/a n/a n/a n/a n/a n/a n/a n/a n/a 0.74

In millions of USD, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2026 · 10-K

Ratios

Percentages worked out from the filed figures; debt to equity in times. Fiscal years ending March, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2016 31 Dec 2016 FY2017 31 Dec 2017 FY2018 31 Dec 2018 FY2020 31 Mar 2020 FY2021 31 Mar 2021 FY2022 31 Mar 2022 FY2023 31 Mar 2023 FY2024 31 Mar 2024 FY2025 31 Mar 2025 FY2026 31 Mar 2026
Margins
57.6% 61.0% 60.9% 64.0% 64.8% 64.2% 67.4% 70.7% 71.2% 70.7%
10.1% 12.3% 9.8% 10.6% 3.0% 7.6% 11.8% 14.6% 12.0% 4.5%
4.3% 8.3% 6.7% 8.5% 1.2% 6.5% 11.1% 13.8% 11.1% 2.5%
2.3% 12.4% 5.8% 6.3% 2.0% 5.6% 10.6% 12.5% 8.5% 1.6%
−3.1% 1.8% 17.5% 12.3% 7.2% 3.7% 17.3% 6.1% 8.8% 11.6%
Spending
47.5% 48.7% 51.1% 55.6% 61.0% 56.6% 55.7% 56.1% 59.2% 62.7%
4.0% 2.8% 3.3% 3.3% 2.0% 1.2% 0.3% 0.8% 1.4% 1.4%
45.9% −49.0% 13.5% 25.7% −68.9% 14.4% 4.0% 9.5% 23.0% 35.0%
Returns
3.8% 17.3% 6.8% 7.4% 2.3% 7.0% 15.0% 19.9% 14.7% 2.3%
1.3% 8.0% 3.6% 3.9% 1.3% 4.4% 10.3% 11.3% 9.0% 1.1%
Balance and payout
n/a n/a n/a n/a n/a n/a n/a n/a n/a 0.74
66.0% 53.5% 47.4% 46.6% 44.7% 36.8% 31.0% 43.1% 39.0% 52.8%
n/a 0.0% 0.0% 22.7% 0.0% 0.0% 0.0% 0.0% 58.2% 26.3%