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

Birkenstock Holding plc is the larger business by last-quarter revenue ($526.3M vs $489.5M, roughly 1.1× e.l.f. Beauty, Inc.). Birkenstock Holding plc runs the higher net margin — 19.3% vs 8.0%, a 11.2% gap on every dollar of revenue.

Birkenstock Holding plc is a German shoe manufacturer known for its sandals and other shoes notable for contoured cork footbeds (soles), made with layers of suede and jute, which conform to the shape of their wearers' feet. Founded in 1774 by Johann Adam Birkenstock and headquartered in Neustadt (Wied), Rhineland-Palatinate, Germany, the company's original purpose was to create shoes that support and contour the foot, compared to the flat soles of many shoes during that time. In 1896, the Fus...

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...

BIRK vs ELF — Head-to-Head

Bigger by revenue
BIRK
BIRK
1.1× larger
BIRK
$526.3M
$489.5M
ELF
Higher net margin
BIRK
BIRK
11.2% more per $
BIRK
19.3%
8.0%
ELF

Income Statement — Q4 FY2025 vs Q3 FY2026

Metric
BIRK
BIRK
ELF
ELF
Revenue
$526.3M
$489.5M
Net Profit
$101.4M
$39.4M
Gross Margin
62.8%
71.0%
Operating Margin
23.0%
13.8%
Net Margin
19.3%
8.0%
Revenue YoY
37.8%
Net Profit YoY
128.1%
EPS (diluted)
$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
BIRK
BIRK
ELF
ELF
Q4 25
$489.5M
Q3 25
$526.3M
$343.9M
Q2 25
$685.8M
$353.7M
Q1 25
$620.3M
Q4 24
$390.7M
Q3 24
$455.8M
Q2 24
$609.9M
Q1 24
$519.7M
Net Profit
BIRK
BIRK
ELF
ELF
Q4 25
$39.4M
Q3 25
$101.4M
$3.0M
Q2 25
$139.6M
$33.3M
Q1 25
$113.5M
Q4 24
$21.7M
Q3 24
Q2 24
$80.6M
Q1 24
$77.4M
Gross Margin
BIRK
BIRK
ELF
ELF
Q4 25
71.0%
Q3 25
62.8%
69.4%
Q2 25
60.5%
69.1%
Q1 25
57.7%
Q4 24
60.3%
Q3 24
Q2 24
59.5%
Q1 24
56.3%
Operating Margin
BIRK
BIRK
ELF
ELF
Q4 25
13.8%
Q3 25
23.0%
2.2%
Q2 25
31.2%
13.8%
Q1 25
30.5%
Q4 24
17.7%
Q3 24
Q2 24
27.5%
Q1 24
27.5%
Net Margin
BIRK
BIRK
ELF
ELF
Q4 25
8.0%
Q3 25
19.3%
0.9%
Q2 25
20.3%
9.4%
Q1 25
18.3%
Q4 24
5.6%
Q3 24
Q2 24
13.2%
Q1 24
14.9%
EPS (diluted)
BIRK
BIRK
ELF
ELF
Q4 25
$0.65
Q3 25
$0.05
Q2 25
$0.58
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24

Balance Sheet & Financial Strength

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

Metric
BIRK
BIRK
ELF
ELF
Cash + ST InvestmentsLiquidity on hand
$355.4M
$196.8M
Total DebtLower is stronger
$816.7M
Stockholders' EquityBook value
$2.9B
$1.2B
Total Assets
$5.3B
$2.3B
Debt / EquityLower = less leverage
0.70×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BIRK
BIRK
ELF
ELF
Q4 25
$196.8M
Q3 25
$355.4M
$194.4M
Q2 25
$282.8M
$170.0M
Q1 25
$254.2M
Q4 24
$322.5M
Q3 24
$384.3M
Q2 24
$436.7M
Q1 24
$189.8M
Total Debt
BIRK
BIRK
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
BIRK
BIRK
ELF
ELF
Q4 25
$1.2B
Q3 25
$2.9B
$1.1B
Q2 25
$2.8B
$804.9M
Q1 25
$3.0B
Q4 24
$3.0B
Q3 24
$2.8B
Q2 24
$2.8B
Q1 24
$2.7B
Total Assets
BIRK
BIRK
ELF
ELF
Q4 25
$2.3B
Q3 25
$5.3B
$2.3B
Q2 25
$5.3B
$1.3B
Q1 25
$5.4B
Q4 24
$5.4B
Q3 24
$5.3B
Q2 24
$5.4B
Q1 24
$5.2B
Debt / Equity
BIRK
BIRK
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
BIRK
BIRK
ELF
ELF
Operating Cash FlowLast quarter
$415.0M
$59.4M
Free Cash FlowOCF − Capex
$52.8M
FCF MarginFCF / Revenue
10.8%
Capex IntensityCapex / Revenue
1.4%
Cash ConversionOCF / Net Profit
4.09×
1.51×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BIRK
BIRK
ELF
ELF
Q4 25
$59.4M
Q3 25
$415.0M
$23.4M
Q2 25
$27.2M
Q1 25
Q4 24
$-12.6M
Q3 24
$463.0M
Q2 24
Q1 24
Free Cash Flow
BIRK
BIRK
ELF
ELF
Q4 25
$52.8M
Q3 25
$16.6M
Q2 25
$20.1M
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
FCF Margin
BIRK
BIRK
ELF
ELF
Q4 25
10.8%
Q3 25
4.8%
Q2 25
5.7%
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
Capex Intensity
BIRK
BIRK
ELF
ELF
Q4 25
1.4%
Q3 25
2.0%
Q2 25
2.0%
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
Cash Conversion
BIRK
BIRK
ELF
ELF
Q4 25
1.51×
Q3 25
4.09×
7.82×
Q2 25
0.82×
Q1 25
Q4 24
-0.58×
Q3 24
Q2 24
Q1 24

Financial Flow Comparison

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

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