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

BGC Group, Inc. is the larger business by last-quarter revenue ($638.6M vs $489.5M, roughly 1.3× e.l.f. Beauty, Inc.). e.l.f. Beauty, Inc. runs the higher net margin — 8.0% vs 2.3%, a 5.8% gap on every dollar of revenue. On growth, e.l.f. Beauty, Inc. posted the faster year-over-year revenue change (37.8% vs 34.4%). BGC Group, Inc. produced more free cash flow last quarter ($175.1M vs $52.8M).

BGC Group, Inc. is an American global financial services company based in New York City and London. Originally formed as part of the larger Cantor Fitzgerald organization, BGC Partners became its own entity in 2004.

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...

BGC vs ELF — Head-to-Head

Bigger by revenue
BGC
BGC
1.3× larger
BGC
$638.6M
$489.5M
ELF
Growing faster (revenue YoY)
ELF
ELF
+3.4% gap
ELF
37.8%
34.4%
BGC
Higher net margin
ELF
ELF
5.8% more per $
ELF
8.0%
2.3%
BGC
More free cash flow
BGC
BGC
$122.3M more FCF
BGC
$175.1M
$52.8M
ELF

Income Statement — Q4 FY2025 vs Q3 FY2026

Metric
BGC
BGC
ELF
ELF
Revenue
$638.6M
$489.5M
Net Profit
$14.4M
$39.4M
Gross Margin
71.0%
Operating Margin
3.9%
13.8%
Net Margin
2.3%
8.0%
Revenue YoY
34.4%
37.8%
Net Profit YoY
-43.0%
128.1%
EPS (diluted)
$0.03
$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
BGC
BGC
ELF
ELF
Q4 25
$638.6M
$489.5M
Q3 25
$620.8M
$343.9M
Q2 25
$648.0M
$353.7M
Q1 25
$534.6M
Q4 24
$475.2M
Q3 24
$448.9M
Q2 24
$435.0M
Q1 24
$453.6M
Net Profit
BGC
BGC
ELF
ELF
Q4 25
$14.4M
$39.4M
Q3 25
$27.9M
$3.0M
Q2 25
$57.5M
$33.3M
Q1 25
$55.2M
Q4 24
$25.2M
Q3 24
$14.7M
Q2 24
$37.8M
Q1 24
$49.2M
Gross Margin
BGC
BGC
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
BGC
BGC
ELF
ELF
Q4 25
3.9%
13.8%
Q3 25
5.4%
2.2%
Q2 25
11.6%
13.8%
Q1 25
15.0%
Q4 24
5.7%
Q3 24
4.4%
Q2 24
12.7%
Q1 24
15.7%
Net Margin
BGC
BGC
ELF
ELF
Q4 25
2.3%
8.0%
Q3 25
4.5%
0.9%
Q2 25
8.9%
9.4%
Q1 25
10.3%
Q4 24
5.3%
Q3 24
3.3%
Q2 24
8.7%
Q1 24
10.8%
EPS (diluted)
BGC
BGC
ELF
ELF
Q4 25
$0.03
$0.65
Q3 25
$0.06
$0.05
Q2 25
$0.11
$0.58
Q1 25
$0.11
Q4 24
$0.04
Q3 24
$0.03
Q2 24
$0.08
Q1 24
$0.10

Balance Sheet & Financial Strength

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

Metric
BGC
BGC
ELF
ELF
Cash + ST InvestmentsLiquidity on hand
$851.5M
$196.8M
Total DebtLower is stronger
$1.5B
$816.7M
Stockholders' EquityBook value
$972.5M
$1.2B
Total Assets
$4.4B
$2.3B
Debt / EquityLower = less leverage
1.58×
0.70×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BGC
BGC
ELF
ELF
Q4 25
$851.5M
$196.8M
Q3 25
$774.9M
$194.4M
Q2 25
$827.8M
$170.0M
Q1 25
$966.4M
Q4 24
$711.6M
Q3 24
$563.5M
Q2 24
$571.7M
Q1 24
$566.8M
Total Debt
BGC
BGC
ELF
ELF
Q4 25
$1.5B
$816.7M
Q3 25
$1.8B
$831.6M
Q2 25
$1.8B
$256.7M
Q1 25
$1.1B
Q4 24
$1.1B
Q3 24
$1.4B
Q2 24
$1.4B
Q1 24
$945.0M
Stockholders' Equity
BGC
BGC
ELF
ELF
Q4 25
$972.5M
$1.2B
Q3 25
$965.3M
$1.1B
Q2 25
$930.5M
$804.9M
Q1 25
$963.8M
Q4 24
$898.5M
Q3 24
$860.1M
Q2 24
$858.1M
Q1 24
$912.1M
Total Assets
BGC
BGC
ELF
ELF
Q4 25
$4.4B
$2.3B
Q3 25
$5.8B
$2.3B
Q2 25
$4.9B
$1.3B
Q1 25
$4.9B
Q4 24
$3.6B
Q3 24
$4.4B
Q2 24
$4.3B
Q1 24
$4.4B
Debt / Equity
BGC
BGC
ELF
ELF
Q4 25
1.58×
0.70×
Q3 25
1.90×
0.73×
Q2 25
1.97×
0.32×
Q1 25
1.19×
Q4 24
1.27×
Q3 24
1.68×
Q2 24
1.68×
Q1 24
1.04×

Cash Flow & Capital Efficiency

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

Metric
BGC
BGC
ELF
ELF
Operating Cash FlowLast quarter
$180.4M
$59.4M
Free Cash FlowOCF − Capex
$175.1M
$52.8M
FCF MarginFCF / Revenue
27.4%
10.8%
Capex IntensityCapex / Revenue
0.8%
1.4%
Cash ConversionOCF / Net Profit
12.55×
1.51×
TTM Free Cash FlowTrailing 4 quarters
$372.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BGC
BGC
ELF
ELF
Q4 25
$180.4M
$59.4M
Q3 25
$141.9M
$23.4M
Q2 25
$71.2M
$27.2M
Q1 25
$839.0K
Q4 24
$251.9M
Q3 24
$88.3M
Q2 24
$-53.0M
Q1 24
$28.1M
Free Cash Flow
BGC
BGC
ELF
ELF
Q4 25
$175.1M
$52.8M
Q3 25
$137.2M
$16.6M
Q2 25
$65.0M
$20.1M
Q1 25
$-4.4M
Q4 24
$245.6M
Q3 24
$78.8M
Q2 24
$-63.5M
Q1 24
$24.9M
FCF Margin
BGC
BGC
ELF
ELF
Q4 25
27.4%
10.8%
Q3 25
22.1%
4.8%
Q2 25
10.0%
5.7%
Q1 25
-0.8%
Q4 24
51.7%
Q3 24
17.5%
Q2 24
-14.6%
Q1 24
5.5%
Capex Intensity
BGC
BGC
ELF
ELF
Q4 25
0.8%
1.4%
Q3 25
0.8%
2.0%
Q2 25
1.0%
2.0%
Q1 25
1.0%
Q4 24
1.3%
Q3 24
2.1%
Q2 24
2.4%
Q1 24
0.7%
Cash Conversion
BGC
BGC
ELF
ELF
Q4 25
12.55×
1.51×
Q3 25
5.09×
7.82×
Q2 25
1.24×
0.82×
Q1 25
0.02×
Q4 24
9.99×
Q3 24
5.99×
Q2 24
-1.40×
Q1 24
0.57×

Financial Flow Comparison

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

Revenue Breakdown by Segment

BGC
BGC

Commissions$590.2M92%
Data Software And Post Trade$36.7M6%
Fees From Related Parties$4.6M1%

ELF
ELF

Segment breakdown not available.

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