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

Astrana Health, Inc. is the larger business by last-quarter revenue ($950.5M vs $489.5M, roughly 1.9× e.l.f. Beauty, Inc.). e.l.f. Beauty, Inc. runs the higher net margin — 8.0% vs 0.7%, a 7.4% gap on every dollar of revenue. On growth, Astrana Health, Inc. posted the faster year-over-year revenue change (42.9% vs 37.8%). e.l.f. Beauty, Inc. produced more free cash flow last quarter ($52.8M vs $-6.0M).

Astrana Health, Inc. is a U.S.-based value-based healthcare services provider that primarily serves Medicare-eligible senior populations across the United States. It offers in-home primary care, chronic disease management, and care coordination services, aiming to improve patient health outcomes and reduce unnecessary medical costs.

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...

ASTH vs ELF — Head-to-Head

Bigger by revenue
ASTH
ASTH
1.9× larger
ASTH
$950.5M
$489.5M
ELF
Growing faster (revenue YoY)
ASTH
ASTH
+5.1% gap
ASTH
42.9%
37.8%
ELF
Higher net margin
ELF
ELF
7.4% more per $
ELF
8.0%
0.7%
ASTH
More free cash flow
ELF
ELF
$58.7M more FCF
ELF
$52.8M
$-6.0M
ASTH

Income Statement — Q4 FY2025 vs Q3 FY2026

Metric
ASTH
ASTH
ELF
ELF
Revenue
$950.5M
$489.5M
Net Profit
$6.6M
$39.4M
Gross Margin
71.0%
Operating Margin
1.9%
13.8%
Net Margin
0.7%
8.0%
Revenue YoY
42.9%
37.8%
Net Profit YoY
184.4%
128.1%
EPS (diluted)
$0.12
$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
ASTH
ASTH
ELF
ELF
Q4 25
$950.5M
$489.5M
Q3 25
$956.0M
$343.9M
Q2 25
$654.8M
$353.7M
Q1 25
$620.4M
Q4 24
$665.2M
Q3 24
$478.7M
Q2 24
$486.3M
Q1 24
$404.4M
Net Profit
ASTH
ASTH
ELF
ELF
Q4 25
$6.6M
$39.4M
Q3 25
$373.0K
$3.0M
Q2 25
$9.4M
$33.3M
Q1 25
$6.7M
Q4 24
$-7.8M
Q3 24
$16.1M
Q2 24
$19.2M
Q1 24
$14.8M
Gross Margin
ASTH
ASTH
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
ASTH
ASTH
ELF
ELF
Q4 25
1.9%
13.8%
Q3 25
2.0%
2.2%
Q2 25
3.1%
13.8%
Q1 25
3.3%
Q4 24
0.1%
Q3 24
5.9%
Q2 24
6.2%
Q1 24
7.5%
Net Margin
ASTH
ASTH
ELF
ELF
Q4 25
0.7%
8.0%
Q3 25
0.0%
0.9%
Q2 25
1.4%
9.4%
Q1 25
1.1%
Q4 24
-1.2%
Q3 24
3.4%
Q2 24
3.9%
Q1 24
3.7%
EPS (diluted)
ASTH
ASTH
ELF
ELF
Q4 25
$0.12
$0.65
Q3 25
$0.01
$0.05
Q2 25
$0.19
$0.58
Q1 25
$0.14
Q4 24
$-0.14
Q3 24
$0.33
Q2 24
$0.40
Q1 24
$0.31

Balance Sheet & Financial Strength

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

Metric
ASTH
ASTH
ELF
ELF
Cash + ST InvestmentsLiquidity on hand
$429.5M
$196.8M
Total DebtLower is stronger
$816.7M
Stockholders' EquityBook value
$779.3M
$1.2B
Total Assets
$2.2B
$2.3B
Debt / EquityLower = less leverage
0.70×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ASTH
ASTH
ELF
ELF
Q4 25
$429.5M
$196.8M
Q3 25
$463.4M
$194.4M
Q2 25
$342.1M
$170.0M
Q1 25
$260.9M
Q4 24
$290.8M
Q3 24
$350.3M
Q2 24
$327.7M
Q1 24
$337.3M
Total Debt
ASTH
ASTH
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
ASTH
ASTH
ELF
ELF
Q4 25
$779.3M
$1.2B
Q3 25
$775.5M
$1.1B
Q2 25
$765.5M
$804.9M
Q1 25
$745.4M
Q4 24
$712.7M
Q3 24
$704.6M
Q2 24
$678.9M
Q1 24
$653.5M
Total Assets
ASTH
ASTH
ELF
ELF
Q4 25
$2.2B
$2.3B
Q3 25
$2.2B
$2.3B
Q2 25
$1.4B
$1.3B
Q1 25
$1.3B
Q4 24
$1.4B
Q3 24
$1.3B
Q2 24
$1.3B
Q1 24
$1.2B
Debt / Equity
ASTH
ASTH
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
ASTH
ASTH
ELF
ELF
Operating Cash FlowLast quarter
$-2.9M
$59.4M
Free Cash FlowOCF − Capex
$-6.0M
$52.8M
FCF MarginFCF / Revenue
-0.6%
10.8%
Capex IntensityCapex / Revenue
0.3%
1.4%
Cash ConversionOCF / Net Profit
-0.44×
1.51×
TTM Free Cash FlowTrailing 4 quarters
$104.5M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ASTH
ASTH
ELF
ELF
Q4 25
$-2.9M
$59.4M
Q3 25
$10.0M
$23.4M
Q2 25
$90.9M
$27.2M
Q1 25
$16.6M
Q4 24
$-10.9M
Q3 24
$34.0M
Q2 24
$23.2M
Q1 24
$6.0M
Free Cash Flow
ASTH
ASTH
ELF
ELF
Q4 25
$-6.0M
$52.8M
Q3 25
$7.4M
$16.6M
Q2 25
$89.5M
$20.1M
Q1 25
$13.6M
Q4 24
$-13.5M
Q3 24
$31.7M
Q2 24
$20.4M
Q1 24
$5.6M
FCF Margin
ASTH
ASTH
ELF
ELF
Q4 25
-0.6%
10.8%
Q3 25
0.8%
4.8%
Q2 25
13.7%
5.7%
Q1 25
2.2%
Q4 24
-2.0%
Q3 24
6.6%
Q2 24
4.2%
Q1 24
1.4%
Capex Intensity
ASTH
ASTH
ELF
ELF
Q4 25
0.3%
1.4%
Q3 25
0.3%
2.0%
Q2 25
0.2%
2.0%
Q1 25
0.5%
Q4 24
0.4%
Q3 24
0.5%
Q2 24
0.6%
Q1 24
0.1%
Cash Conversion
ASTH
ASTH
ELF
ELF
Q4 25
-0.44×
1.51×
Q3 25
26.69×
7.82×
Q2 25
9.65×
0.82×
Q1 25
2.48×
Q4 24
Q3 24
2.11×
Q2 24
1.21×
Q1 24
0.40×

Financial Flow Comparison

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

Revenue Breakdown by Segment

ASTH
ASTH

Medicare$542.4M57%
Commercial$99.1M10%
Care Delivery$92.1M10%
Care Enablement$78.9M8%
Other Third Parties$58.0M6%
Health Care Patient Service$39.8M4%
Health Care Other$25.5M3%
Other$12.1M1%
Management Service$10.3M1%

ELF
ELF

Segment breakdown not available.

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