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

BELDEN INC. is the larger business by last-quarter revenue ($720.1M vs $489.5M, roughly 1.5× e.l.f. Beauty, Inc.). BELDEN INC. runs the higher net margin — 9.4% vs 8.0%, a 1.4% gap on every dollar of revenue. On growth, e.l.f. Beauty, Inc. posted the faster year-over-year revenue change (37.8% vs 8.1%). BELDEN INC. produced more free cash flow last quarter ($121.3M vs $52.8M).

Belden Inc. is an American, multinational, publicly traded company specializing in the design, manufacture, and distribution of end-to-end networking, security and connectivity products. The company serves the Industrial Automation Solutions, Smart Buildings and Broadband & 5G 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...

BDC vs ELF — Head-to-Head

Bigger by revenue
BDC
BDC
1.5× larger
BDC
$720.1M
$489.5M
ELF
Growing faster (revenue YoY)
ELF
ELF
+29.6% gap
ELF
37.8%
8.1%
BDC
Higher net margin
BDC
BDC
1.4% more per $
BDC
9.4%
8.0%
ELF
More free cash flow
BDC
BDC
$68.5M more FCF
BDC
$121.3M
$52.8M
ELF

Income Statement — Q1 FY2026 vs Q3 FY2026

Metric
BDC
BDC
ELF
ELF
Revenue
$720.1M
$489.5M
Net Profit
$67.9M
$39.4M
Gross Margin
36.6%
71.0%
Operating Margin
12.2%
13.8%
Net Margin
9.4%
8.0%
Revenue YoY
8.1%
37.8%
Net Profit YoY
16.3%
128.1%
EPS (diluted)
$1.70
$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
BDC
BDC
ELF
ELF
Q1 26
$720.1M
Q4 25
$720.1M
$489.5M
Q3 25
$698.2M
$343.9M
Q2 25
$672.0M
$353.7M
Q1 25
$624.9M
Q4 24
$666.0M
Q3 24
$654.9M
Q2 24
$604.3M
Net Profit
BDC
BDC
ELF
ELF
Q1 26
$67.9M
Q4 25
$67.9M
$39.4M
Q3 25
$56.7M
$3.0M
Q2 25
$61.0M
$33.3M
Q1 25
$51.9M
Q4 24
$58.4M
Q3 24
$53.7M
Q2 24
$49.0M
Gross Margin
BDC
BDC
ELF
ELF
Q1 26
36.6%
Q4 25
36.6%
71.0%
Q3 25
37.7%
69.4%
Q2 25
38.5%
69.1%
Q1 25
39.3%
Q4 24
37.5%
Q3 24
37.3%
Q2 24
37.5%
Operating Margin
BDC
BDC
ELF
ELF
Q1 26
12.2%
Q4 25
12.2%
13.8%
Q3 25
10.9%
2.2%
Q2 25
11.8%
13.8%
Q1 25
11.6%
Q4 24
10.4%
Q3 24
11.5%
Q2 24
11.4%
Net Margin
BDC
BDC
ELF
ELF
Q1 26
9.4%
Q4 25
9.4%
8.0%
Q3 25
8.1%
0.9%
Q2 25
9.1%
9.4%
Q1 25
8.3%
Q4 24
8.8%
Q3 24
8.2%
Q2 24
8.1%
EPS (diluted)
BDC
BDC
ELF
ELF
Q1 26
$1.70
Q4 25
$1.70
$0.65
Q3 25
$1.41
$0.05
Q2 25
$1.53
$0.58
Q1 25
$1.27
Q4 24
$1.41
Q3 24
$1.30
Q2 24
$1.19

Balance Sheet & Financial Strength

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

Metric
BDC
BDC
ELF
ELF
Cash + ST InvestmentsLiquidity on hand
$389.9M
$196.8M
Total DebtLower is stronger
$1.3B
$816.7M
Stockholders' EquityBook value
$1.3B
$1.2B
Total Assets
$2.3B
Debt / EquityLower = less leverage
1.02×
0.70×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BDC
BDC
ELF
ELF
Q1 26
$389.9M
Q4 25
$389.9M
$196.8M
Q3 25
$314.3M
$194.4M
Q2 25
$301.5M
$170.0M
Q1 25
$259.0M
Q4 24
$370.3M
Q3 24
$323.0M
Q2 24
$564.8M
Total Debt
BDC
BDC
ELF
ELF
Q1 26
$1.3B
Q4 25
$816.7M
Q3 25
$831.6M
Q2 25
$256.7M
Q1 25
Q4 24
Q3 24
Q2 24
Stockholders' Equity
BDC
BDC
ELF
ELF
Q1 26
$1.3B
Q4 25
$1.3B
$1.2B
Q3 25
$1.2B
$1.1B
Q2 25
$1.2B
$804.9M
Q1 25
$1.2B
Q4 24
$1.3B
Q3 24
$1.2B
Q2 24
$1.2B
Total Assets
BDC
BDC
ELF
ELF
Q1 26
Q4 25
$3.5B
$2.3B
Q3 25
$3.4B
$2.3B
Q2 25
$3.4B
$1.3B
Q1 25
$3.3B
Q4 24
$3.3B
Q3 24
$3.3B
Q2 24
$3.5B
Debt / Equity
BDC
BDC
ELF
ELF
Q1 26
1.02×
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
BDC
BDC
ELF
ELF
Operating Cash FlowLast quarter
$354.9M
$59.4M
Free Cash FlowOCF − Capex
$121.3M
$52.8M
FCF MarginFCF / Revenue
16.8%
10.8%
Capex IntensityCapex / Revenue
18.9%
1.4%
Cash ConversionOCF / Net Profit
5.23×
1.51×
TTM Free Cash FlowTrailing 4 quarters
$364.7M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BDC
BDC
ELF
ELF
Q1 26
$354.9M
Q4 25
$160.4M
$59.4M
Q3 25
$105.0M
$23.4M
Q2 25
$82.0M
$27.2M
Q1 25
$7.4M
Q4 24
$174.7M
Q3 24
$91.7M
Q2 24
$83.0M
Free Cash Flow
BDC
BDC
ELF
ELF
Q1 26
$121.3M
Q4 25
$121.3M
$52.8M
Q3 25
$65.3M
$16.6M
Q2 25
$56.9M
$20.1M
Q1 25
$-24.8M
Q4 24
$116.4M
Q3 24
$67.2M
Q2 24
$61.0M
FCF Margin
BDC
BDC
ELF
ELF
Q1 26
16.8%
Q4 25
16.8%
10.8%
Q3 25
9.4%
4.8%
Q2 25
8.5%
5.7%
Q1 25
-4.0%
Q4 24
17.5%
Q3 24
10.3%
Q2 24
10.1%
Capex Intensity
BDC
BDC
ELF
ELF
Q1 26
18.9%
Q4 25
5.4%
1.4%
Q3 25
5.7%
2.0%
Q2 25
3.7%
2.0%
Q1 25
5.2%
Q4 24
8.8%
Q3 24
3.7%
Q2 24
3.6%
Cash Conversion
BDC
BDC
ELF
ELF
Q1 26
5.23×
Q4 25
2.36×
1.51×
Q3 25
1.85×
7.82×
Q2 25
1.34×
0.82×
Q1 25
0.14×
Q4 24
2.99×
Q3 24
1.71×
Q2 24
1.69×

Financial Flow Comparison

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

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