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Side-by-side financial comparison of Allegiant Travel CO (ALGT) and e.l.f. Beauty, Inc. (ELF). Click either name above to swap in a different company.

Allegiant Travel CO is the larger business by last-quarter revenue ($732.4M vs $489.5M, roughly 1.5× e.l.f. Beauty, Inc.). e.l.f. Beauty, Inc. runs the higher net margin — 8.0% vs 5.8%, a 2.2% gap on every dollar of revenue. On growth, e.l.f. Beauty, Inc. posted the faster year-over-year revenue change (37.8% vs 4.8%).

Allegiant Air, styled as allegiant, is an American low-cost airline headquartered in Las Vegas, Nevada. The airline focuses on serving leisure traffic from small and medium-sized cities which it considers to be underserved, using an ultra low-cost business model with minimal inclusions in fares and a greater number of add-on fees.

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...

ALGT vs ELF — Head-to-Head

Bigger by revenue
ALGT
ALGT
1.5× larger
ALGT
$732.4M
$489.5M
ELF
Growing faster (revenue YoY)
ELF
ELF
+33.0% gap
ELF
37.8%
4.8%
ALGT
Higher net margin
ELF
ELF
2.2% more per $
ELF
8.0%
5.8%
ALGT

Income Statement — Q1 FY2026 vs Q3 FY2026

Metric
ALGT
ALGT
ELF
ELF
Revenue
$732.4M
$489.5M
Net Profit
$42.5M
$39.4M
Gross Margin
71.0%
Operating Margin
11.1%
13.8%
Net Margin
5.8%
8.0%
Revenue YoY
4.8%
37.8%
Net Profit YoY
32.4%
128.1%
EPS (diluted)
$2.30
$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
ALGT
ALGT
ELF
ELF
Q1 26
$732.4M
Q4 25
$595.5M
$489.5M
Q3 25
$494.1M
$343.9M
Q2 25
$617.9M
$353.7M
Q1 25
$616.8M
Q4 24
$553.6M
Q3 24
$489.0M
Q2 24
$594.5M
Net Profit
ALGT
ALGT
ELF
ELF
Q1 26
$42.5M
Q4 25
$31.9M
$39.4M
Q3 25
$-43.6M
$3.0M
Q2 25
$-65.2M
$33.3M
Q1 25
$32.1M
Q4 24
$-216.2M
Q3 24
$-36.8M
Q2 24
$13.7M
Gross Margin
ALGT
ALGT
ELF
ELF
Q1 26
Q4 25
71.0%
Q3 25
69.4%
Q2 25
69.1%
Q1 25
Q4 24
Q3 24
Q2 24
Operating Margin
ALGT
ALGT
ELF
ELF
Q1 26
11.1%
Q4 25
11.2%
13.8%
Q3 25
-5.5%
2.2%
Q2 25
-10.9%
13.8%
Q1 25
10.5%
Q4 24
-47.7%
Q3 24
-5.4%
Q2 24
5.9%
Net Margin
ALGT
ALGT
ELF
ELF
Q1 26
5.8%
Q4 25
5.4%
8.0%
Q3 25
-8.8%
0.9%
Q2 25
-10.5%
9.4%
Q1 25
5.2%
Q4 24
-39.1%
Q3 24
-7.5%
Q2 24
2.3%
EPS (diluted)
ALGT
ALGT
ELF
ELF
Q1 26
$2.30
Q4 25
$1.82
$0.65
Q3 25
$-2.41
$0.05
Q2 25
$-3.62
$0.58
Q1 25
$1.73
Q4 24
$-12.12
Q3 24
$-2.05
Q2 24
$0.75

Balance Sheet & Financial Strength

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

Metric
ALGT
ALGT
ELF
ELF
Cash + ST InvestmentsLiquidity on hand
$902.1M
$196.8M
Total DebtLower is stronger
$816.7M
Stockholders' EquityBook value
$1.2B
Total Assets
$2.3B
Debt / EquityLower = less leverage
0.70×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ALGT
ALGT
ELF
ELF
Q1 26
$902.1M
Q4 25
$805.7M
$196.8M
Q3 25
$956.7M
$194.4M
Q2 25
$842.8M
$170.0M
Q1 25
$878.6M
Q4 24
$781.1M
Q3 24
$759.3M
Q2 24
$791.9M
Total Debt
ALGT
ALGT
ELF
ELF
Q1 26
Q4 25
$1.7B
$816.7M
Q3 25
$1.8B
$831.6M
Q2 25
$1.8B
$256.7M
Q1 25
$1.7B
Q4 24
$1.6B
Q3 24
$1.8B
Q2 24
$1.7B
Stockholders' Equity
ALGT
ALGT
ELF
ELF
Q1 26
Q4 25
$1.1B
$1.2B
Q3 25
$1.0B
$1.1B
Q2 25
$1.1B
$804.9M
Q1 25
$1.1B
Q4 24
$1.1B
Q3 24
$1.3B
Q2 24
$1.3B
Total Assets
ALGT
ALGT
ELF
ELF
Q1 26
Q4 25
$4.2B
$2.3B
Q3 25
$4.4B
$2.3B
Q2 25
$4.4B
$1.3B
Q1 25
$4.5B
Q4 24
$4.4B
Q3 24
$4.8B
Q2 24
$4.9B
Debt / Equity
ALGT
ALGT
ELF
ELF
Q1 26
Q4 25
1.60×
0.70×
Q3 25
1.76×
0.73×
Q2 25
1.68×
0.32×
Q1 25
1.57×
Q4 24
1.48×
Q3 24
1.36×
Q2 24
1.30×

Cash Flow & Capital Efficiency

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

Metric
ALGT
ALGT
ELF
ELF
Operating Cash FlowLast quarter
$59.4M
Free Cash FlowOCF − Capex
$52.8M
FCF MarginFCF / Revenue
10.8%
Capex IntensityCapex / Revenue
1.4%
Cash ConversionOCF / Net Profit
1.51×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ALGT
ALGT
ELF
ELF
Q1 26
Q4 25
$112.2M
$59.4M
Q3 25
$-6.1M
$23.4M
Q2 25
$92.2M
$27.2M
Q1 25
$191.4M
Q4 24
$84.4M
Q3 24
$17.3M
Q2 24
$68.9M
Free Cash Flow
ALGT
ALGT
ELF
ELF
Q1 26
Q4 25
$90.4M
$52.8M
Q3 25
$-121.7M
$16.6M
Q2 25
$-10.5M
$20.1M
Q1 25
$116.9M
Q4 24
$24.0M
Q3 24
$-28.7M
Q2 24
$7.0M
FCF Margin
ALGT
ALGT
ELF
ELF
Q1 26
Q4 25
15.2%
10.8%
Q3 25
-24.6%
4.8%
Q2 25
-1.7%
5.7%
Q1 25
19.0%
Q4 24
4.3%
Q3 24
-5.9%
Q2 24
1.2%
Capex Intensity
ALGT
ALGT
ELF
ELF
Q1 26
Q4 25
3.7%
1.4%
Q3 25
23.4%
2.0%
Q2 25
16.6%
2.0%
Q1 25
12.1%
Q4 24
10.9%
Q3 24
9.4%
Q2 24
10.4%
Cash Conversion
ALGT
ALGT
ELF
ELF
Q1 26
Q4 25
3.51×
1.51×
Q3 25
7.82×
Q2 25
0.82×
Q1 25
5.96×
Q4 24
Q3 24
Q2 24
5.03×

Financial Flow Comparison

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

Revenue Breakdown by Segment

ALGT
ALGT

Passenger$671.8M92%
Third party products$42.3M6%
Fixed fee contracts$18.1M2%
Resort and other$175.0K0%

ELF
ELF

Segment breakdown not available.

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