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Side-by-side financial comparison of ALLIANCE ENTERTAINMENT HOLDING CORP (AENT) and e.l.f. Beauty, Inc. (ELF). Click either name above to swap in a different company.

e.l.f. Beauty, Inc. is the larger business by last-quarter revenue ($489.5M vs $368.7M, roughly 1.3× ALLIANCE ENTERTAINMENT HOLDING CORP). e.l.f. Beauty, Inc. runs the higher net margin — 8.0% vs 2.5%, a 5.5% gap on every dollar of revenue. On growth, e.l.f. Beauty, Inc. posted the faster year-over-year revenue change (37.8% vs -6.3%). e.l.f. Beauty, Inc. produced more free cash flow last quarter ($52.8M vs $-16.9M).

Alliance Atlantis Communications Inc. was a media company that operated primarily as a specialty service provider in Canada. Primarily based in Toronto, Alliance Atlantis also had offices in Halifax, Los Angeles, London, Dublin, Madrid, Barcelona, Shannon, and Sydney.

e.l.f. Beauty, Inc. is an American cosmetics brand based in Oakland, California. It was founded by Joseph Shamah and Scott Vincent Borba in 2004. The company sells items include bath and skin-care products, mineral-based makeup, professional tools, eyeliners, lipstick, glosses, blushes, bronzers, brushes and mascara. Its products are sold in 18 countries and in several stores including Target, Kmart, Dollar General and Walmart. Over half the company's sales come from its website, which is als...

AENT vs ELF — Head-to-Head

Bigger by revenue
ELF
ELF
1.3× larger
ELF
$489.5M
$368.7M
AENT
Growing faster (revenue YoY)
ELF
ELF
+44.1% gap
ELF
37.8%
-6.3%
AENT
Higher net margin
ELF
ELF
5.5% more per $
ELF
8.0%
2.5%
AENT
More free cash flow
ELF
ELF
$69.7M more FCF
ELF
$52.8M
$-16.9M
AENT

Income Statement — Q2 FY2026 vs Q3 FY2026

Metric
AENT
AENT
ELF
ELF
Revenue
$368.7M
$489.5M
Net Profit
$9.4M
$39.4M
Gross Margin
71.0%
Operating Margin
4.7%
13.8%
Net Margin
2.5%
8.0%
Revenue YoY
-6.3%
37.8%
Net Profit YoY
32.8%
128.1%
EPS (diluted)
$0.18
$0.65

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
AENT
AENT
ELF
ELF
Q4 25
$368.7M
$489.5M
Q3 25
$254.0M
$343.9M
Q2 25
$227.8M
$353.7M
Q1 25
$213.0M
Q4 24
$393.7M
Q3 24
$229.0M
Q2 24
$236.9M
Q1 24
$211.2M
Net Profit
AENT
AENT
ELF
ELF
Q4 25
$9.4M
$39.4M
Q3 25
$4.9M
$3.0M
Q2 25
$5.8M
$33.3M
Q1 25
$1.9M
Q4 24
$7.1M
Q3 24
$397.0K
Q2 24
$2.5M
Q1 24
$-3.4M
Gross Margin
AENT
AENT
ELF
ELF
Q4 25
71.0%
Q3 25
69.4%
Q2 25
69.1%
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
Operating Margin
AENT
AENT
ELF
ELF
Q4 25
4.7%
13.8%
Q3 25
4.2%
2.2%
Q2 25
4.3%
13.8%
Q1 25
1.7%
Q4 24
3.8%
Q3 24
0.9%
Q2 24
0.2%
Q1 24
-0.3%
Net Margin
AENT
AENT
ELF
ELF
Q4 25
2.5%
8.0%
Q3 25
1.9%
0.9%
Q2 25
2.5%
9.4%
Q1 25
0.9%
Q4 24
1.8%
Q3 24
0.2%
Q2 24
1.1%
Q1 24
-1.6%
EPS (diluted)
AENT
AENT
ELF
ELF
Q4 25
$0.18
$0.65
Q3 25
$0.10
$0.05
Q2 25
$0.11
$0.58
Q1 25
$0.04
Q4 24
$0.14
Q3 24
$0.01
Q2 24
$0.05
Q1 24
$-0.07

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
AENT
AENT
ELF
ELF
Cash + ST InvestmentsLiquidity on hand
$196.8M
Total DebtLower is stronger
$816.7M
Stockholders' EquityBook value
$117.6M
$1.2B
Total Assets
$434.1M
$2.3B
Debt / EquityLower = less leverage
0.70×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AENT
AENT
ELF
ELF
Q4 25
$196.8M
Q3 25
$194.4M
Q2 25
$170.0M
Q1 25
Q4 24
Q3 24
$4.3M
Q2 24
$1.1M
Q1 24
$1.6M
Total Debt
AENT
AENT
ELF
ELF
Q4 25
$816.7M
Q3 25
$831.6M
Q2 25
$256.7M
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
Stockholders' Equity
AENT
AENT
ELF
ELF
Q4 25
$117.6M
$1.2B
Q3 25
$108.1M
$1.1B
Q2 25
$103.2M
$804.9M
Q1 25
$97.4M
Q4 24
$95.6M
Q3 24
$88.0M
Q2 24
$87.6M
Q1 24
$85.1M
Total Assets
AENT
AENT
ELF
ELF
Q4 25
$434.1M
$2.3B
Q3 25
$383.0M
$2.3B
Q2 25
$361.2M
$1.3B
Q1 25
$349.4M
Q4 24
$401.7M
Q3 24
$395.7M
Q2 24
$340.8M
Q1 24
$324.0M
Debt / Equity
AENT
AENT
ELF
ELF
Q4 25
0.70×
Q3 25
0.73×
Q2 25
0.32×
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
AENT
AENT
ELF
ELF
Operating Cash FlowLast quarter
$-16.5M
$59.4M
Free Cash FlowOCF − Capex
$-16.9M
$52.8M
FCF MarginFCF / Revenue
-4.6%
10.8%
Capex IntensityCapex / Revenue
0.1%
1.4%
Cash ConversionOCF / Net Profit
-1.76×
1.51×
TTM Free Cash FlowTrailing 4 quarters
$-1.4M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AENT
AENT
ELF
ELF
Q4 25
$-16.5M
$59.4M
Q3 25
$2.7M
$23.4M
Q2 25
$10.7M
$27.2M
Q1 25
$2.5M
Q4 24
$25.3M
Q3 24
$-11.6M
Q2 24
$9.7M
Q1 24
$20.0M
Free Cash Flow
AENT
AENT
ELF
ELF
Q4 25
$-16.9M
$52.8M
Q3 25
$2.4M
$16.6M
Q2 25
$10.7M
$20.1M
Q1 25
$2.4M
Q4 24
Q3 24
$-11.6M
Q2 24
Q1 24
$20.0M
FCF Margin
AENT
AENT
ELF
ELF
Q4 25
-4.6%
10.8%
Q3 25
0.9%
4.8%
Q2 25
4.7%
5.7%
Q1 25
1.1%
Q4 24
Q3 24
-5.1%
Q2 24
Q1 24
9.4%
Capex Intensity
AENT
AENT
ELF
ELF
Q4 25
0.1%
1.4%
Q3 25
0.1%
2.0%
Q2 25
0.0%
2.0%
Q1 25
0.0%
Q4 24
0.0%
Q3 24
0.0%
Q2 24
Q1 24
0.0%
Cash Conversion
AENT
AENT
ELF
ELF
Q4 25
-1.76×
1.51×
Q3 25
0.56×
7.82×
Q2 25
1.86×
0.82×
Q1 25
1.33×
Q4 24
3.57×
Q3 24
-29.31×
Q2 24
3.85×
Q1 24

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

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