e.l.f. Beauty vs Kenvue
Kenvue reported revenue of $15.1 billion in fiscal 2025, 9.2 times e.l.f. Beauty's $1.6 billion in fiscal 2026. e.l.f. Beauty's revenue grew 24.6% in its latest year, and Kenvue's fell 2.1%. e.l.f. Beauty had an operating margin of 4.5%, against 16.0% at Kenvue. Free cash flow was $190 million at e.l.f. Beauty and $1.7 billion at Kenvue. Their fiscal years end in different months (March 31 and December 28), so the periods don't line up exactly.
Side by side
| e.l.f. Beauty | Kenvue | |
|---|---|---|
| Latest fiscal year | FY2026, Mar 31, 2026 | FY2025, Dec 28, 2025 |
| Revenue | $1.6B | $15.1B |
| Revenue growth | 24.6% | −2.1% |
| Revenue growth a year, last 5 years | 38.8% | — |
| Gross margin | 70.7% | 58.1% |
| Operating margin | 4.5% | 16.0% |
| Net margin | 1.6% | 9.7% |
| Free cash flow | $190M | $1.7B |
| Free cash flow margin | 11.6% | 11.4% |
| Return on capital | 3.8% | 10.0% |
| Net debt to EBITDA | 3.6x | 2.5x |
| Dividends and buybacks | $50M | $1.8B |
| Change in diluted share count | 1.7% | 0.1% |
| Last close | $112.94 | $19.50 |
| P/E at the last close | 112.9× | 22.4× |
| Insider trades, last 12 months | bought $464,800, sold $33.5 million | bought $111.0 million, sold $746,763 |
| Piotroski F-score | 4 of 9 | 6 of 9 |
Amounts in each company's own currency, US$ unless marked (a foreign company may report in another), each company's latest fiscal year from its 10-K, or 20-F or 40-F for a foreign company. Growth rates compare with the year before; the five-year rate is the average a year. Free cash flow is cash from operations minus capital spending; return on capital is after-tax operating income over the money invested in the business; P/E is the last close over the latest earnings per share. Banks are measured differently (return on equity, efficiency ratio), so some rows apply to one company only.
Ten years
Revenue
US$ billions, fiscal years
e.l.f. BeautyKenvue
Operating margin
Percent of revenue
e.l.f. BeautyKenvue
Free cash flow
US$ billions. Cash from operations minus capital expenditure.
e.l.f. BeautyKenvue
Source: the companies' Form 10-K filings, from SEC EDGAR, and the last close. For information only, not investment advice: the figures describe results, not which company is the better investment. The Filing Desk is not affiliated with either company. Full figures on the e.l.f. Beauty and Kenvue pages.