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Side-by-side financial comparison of AZZ INC (AZZ) 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 $385.1M, roughly 1.3× AZZ INC). e.l.f. Beauty, Inc. runs the higher net margin — 8.0% vs 4.1%, a 3.9% gap on every dollar of revenue. On growth, e.l.f. Beauty, Inc. posted the faster year-over-year revenue change (37.8% vs 9.4%).

AZZ Inc. is a leading global provider of metal protection solutions including hot-dip galvanizing, surface coating services, and specialized electrical and industrial components. It primarily serves the construction, energy, infrastructure, and manufacturing sectors across North America and key international markets.

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...

AZZ vs ELF — Head-to-Head

Bigger by revenue
ELF
ELF
1.3× larger
ELF
$489.5M
$385.1M
AZZ
Growing faster (revenue YoY)
ELF
ELF
+28.3% gap
ELF
37.8%
9.4%
AZZ
Higher net margin
ELF
ELF
3.9% more per $
ELF
8.0%
4.1%
AZZ

Income Statement — Q4 FY2027 vs Q3 FY2026

Metric
AZZ
AZZ
ELF
ELF
Revenue
$385.1M
$489.5M
Net Profit
$15.9M
$39.4M
Gross Margin
22.7%
71.0%
Operating Margin
14.8%
13.8%
Net Margin
4.1%
8.0%
Revenue YoY
9.4%
37.8%
Net Profit YoY
146.3%
128.1%
EPS (diluted)
$0.53
$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
AZZ
AZZ
ELF
ELF
Q4 26
$385.1M
Q4 25
$425.7M
$489.5M
Q3 25
$417.3M
$343.9M
Q2 25
$422.0M
$353.7M
Q1 25
$351.9M
Q4 24
$403.7M
Q3 24
$409.0M
Q2 24
$413.2M
Net Profit
AZZ
AZZ
ELF
ELF
Q4 26
$15.9M
Q4 25
$41.1M
$39.4M
Q3 25
$89.3M
$3.0M
Q2 25
$170.9M
$33.3M
Q1 25
$20.2M
Q4 24
$33.6M
Q3 24
$35.4M
Q2 24
$39.6M
Gross Margin
AZZ
AZZ
ELF
ELF
Q4 26
22.7%
Q4 25
23.9%
71.0%
Q3 25
24.3%
69.4%
Q2 25
24.7%
69.1%
Q1 25
22.4%
Q4 24
24.2%
Q3 24
25.3%
Q2 24
24.8%
Operating Margin
AZZ
AZZ
ELF
ELF
Q4 26
14.8%
Q4 25
16.3%
13.8%
Q3 25
16.4%
2.2%
Q2 25
16.5%
13.8%
Q1 25
11.5%
Q4 24
14.5%
Q3 24
16.5%
Q2 24
16.9%
Net Margin
AZZ
AZZ
ELF
ELF
Q4 26
4.1%
Q4 25
9.6%
8.0%
Q3 25
21.4%
0.9%
Q2 25
40.5%
9.4%
Q1 25
5.7%
Q4 24
8.3%
Q3 24
8.7%
Q2 24
9.6%
EPS (diluted)
AZZ
AZZ
ELF
ELF
Q4 26
$0.53
Q4 25
$1.36
$0.65
Q3 25
$2.95
$0.05
Q2 25
$5.66
$0.58
Q1 25
$0.87
Q4 24
$1.12
Q3 24
$1.18
Q2 24
$-1.38

Balance Sheet & Financial Strength

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

Metric
AZZ
AZZ
ELF
ELF
Cash + ST InvestmentsLiquidity on hand
$196.8M
Total DebtLower is stronger
$816.7M
Stockholders' EquityBook value
$1.3B
$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
AZZ
AZZ
ELF
ELF
Q4 26
Q4 25
$623.0K
$196.8M
Q3 25
$897.0K
$194.4M
Q2 25
$3.0M
$170.0M
Q1 25
$1.5M
Q4 24
$1.5M
Q3 24
$2.2M
Q2 24
$10.5M
Total Debt
AZZ
AZZ
ELF
ELF
Q4 26
Q4 25
$816.7M
Q3 25
$831.6M
Q2 25
$256.7M
Q1 25
Q4 24
Q3 24
Q2 24
Stockholders' Equity
AZZ
AZZ
ELF
ELF
Q4 26
$1.3B
Q4 25
$1.3B
$1.2B
Q3 25
$1.3B
$1.1B
Q2 25
$1.2B
$804.9M
Q1 25
$1.0B
Q4 24
$1.0B
Q3 24
$999.8M
Q2 24
$967.2M
Total Assets
AZZ
AZZ
ELF
ELF
Q4 26
$2.2B
Q4 25
$2.2B
$2.3B
Q3 25
$2.2B
$2.3B
Q2 25
$2.2B
$1.3B
Q1 25
$2.2B
Q4 24
$2.2B
Q3 24
$2.2B
Q2 24
$2.2B
Debt / Equity
AZZ
AZZ
ELF
ELF
Q4 26
Q4 25
0.70×
Q3 25
0.73×
Q2 25
0.32×
Q1 25
Q4 24
Q3 24
Q2 24

Cash Flow & Capital Efficiency

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

Metric
AZZ
AZZ
ELF
ELF
Operating Cash FlowLast quarter
$525.4M
$59.4M
Free Cash FlowOCF − Capex
$52.8M
FCF MarginFCF / Revenue
10.8%
Capex IntensityCapex / Revenue
1.4%
Cash ConversionOCF / Net Profit
32.98×
1.51×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AZZ
AZZ
ELF
ELF
Q4 26
$525.4M
Q4 25
$79.7M
$59.4M
Q3 25
$58.4M
$23.4M
Q2 25
$314.8M
$27.2M
Q1 25
Q4 24
$66.2M
Q3 24
$47.5M
Q2 24
$71.9M
Free Cash Flow
AZZ
AZZ
ELF
ELF
Q4 26
Q4 25
$61.2M
$52.8M
Q3 25
$39.1M
$16.6M
Q2 25
$293.9M
$20.1M
Q1 25
Q4 24
$39.7M
Q3 24
$15.4M
Q2 24
$44.5M
FCF Margin
AZZ
AZZ
ELF
ELF
Q4 26
Q4 25
14.4%
10.8%
Q3 25
9.4%
4.8%
Q2 25
69.6%
5.7%
Q1 25
Q4 24
9.8%
Q3 24
3.8%
Q2 24
10.8%
Capex Intensity
AZZ
AZZ
ELF
ELF
Q4 26
Q4 25
4.4%
1.4%
Q3 25
4.6%
2.0%
Q2 25
5.0%
2.0%
Q1 25
8.5%
Q4 24
6.6%
Q3 24
7.8%
Q2 24
6.6%
Cash Conversion
AZZ
AZZ
ELF
ELF
Q4 26
32.98×
Q4 25
1.94×
1.51×
Q3 25
0.65×
7.82×
Q2 25
1.84×
0.82×
Q1 25
Q4 24
1.97×
Q3 24
1.34×
Q2 24
1.82×

Financial Flow Comparison

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

Revenue Breakdown by Segment

AZZ
AZZ

Precoat Metals$198.6M52%
Metal Coatings$186.5M48%

ELF
ELF

Segment breakdown not available.

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