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Side-by-side financial comparison of BUCKLE INC (BKE) 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 $320.8M, roughly 1.5× BUCKLE INC). BUCKLE INC runs the higher net margin — 15.2% vs 8.0%, a 7.1% gap on every dollar of revenue. On growth, e.l.f. Beauty, Inc. posted the faster year-over-year revenue change (37.8% vs 9.3%). e.l.f. Beauty, Inc. produced more free cash flow last quarter ($52.8M vs $38.4M).

The Buckle, Inc., is an American fashion retailer selling clothing, footwear, and accessories for men, women, and children. The company operates 451 stores in 42 states throughout the United States of America, under the names Buckle and The Buckle. Buckle markets brand name and private label apparel, including denim, other casual bottoms, tops and shirts, dresses and rompers, sportswear and athleisure, outerwear, footwear, swimwear, fragrances, sunglasses, bags and purses, wallets, and other ...

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...

BKE vs ELF — Head-to-Head

Bigger by revenue
ELF
ELF
1.5× larger
ELF
$489.5M
$320.8M
BKE
Growing faster (revenue YoY)
ELF
ELF
+28.5% gap
ELF
37.8%
9.3%
BKE
Higher net margin
BKE
BKE
7.1% more per $
BKE
15.2%
8.0%
ELF
More free cash flow
ELF
ELF
$14.4M more FCF
ELF
$52.8M
$38.4M
BKE

Income Statement — Q3 FY2026 vs Q3 FY2026

Metric
BKE
BKE
ELF
ELF
Revenue
$320.8M
$489.5M
Net Profit
$48.7M
$39.4M
Gross Margin
48.0%
71.0%
Operating Margin
19.0%
13.8%
Net Margin
15.2%
8.0%
Revenue YoY
9.3%
37.8%
Net Profit YoY
10.3%
128.1%
EPS (diluted)
$0.96
$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
BKE
BKE
ELF
ELF
Q4 25
$320.8M
$489.5M
Q3 25
$305.7M
$343.9M
Q2 25
$272.1M
$353.7M
Q1 25
$379.2M
Net Profit
BKE
BKE
ELF
ELF
Q4 25
$48.7M
$39.4M
Q3 25
$45.0M
$3.0M
Q2 25
$35.2M
$33.3M
Q1 25
$77.2M
Gross Margin
BKE
BKE
ELF
ELF
Q4 25
48.0%
71.0%
Q3 25
47.4%
69.4%
Q2 25
46.7%
69.1%
Q1 25
52.6%
Operating Margin
BKE
BKE
ELF
ELF
Q4 25
19.0%
13.8%
Q3 25
18.4%
2.2%
Q2 25
16.0%
13.8%
Q1 25
25.4%
Net Margin
BKE
BKE
ELF
ELF
Q4 25
15.2%
8.0%
Q3 25
14.7%
0.9%
Q2 25
12.9%
9.4%
Q1 25
20.4%
EPS (diluted)
BKE
BKE
ELF
ELF
Q4 25
$0.96
$0.65
Q3 25
$0.89
$0.05
Q2 25
$0.70
$0.58
Q1 25
$1.54

Balance Sheet & Financial Strength

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

Metric
BKE
BKE
ELF
ELF
Cash + ST InvestmentsLiquidity on hand
$24.0M
$196.8M
Total DebtLower is stronger
$816.7M
Stockholders' EquityBook value
$510.7M
$1.2B
Total Assets
$1.1B
$2.3B
Debt / EquityLower = less leverage
0.70×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BKE
BKE
ELF
ELF
Q4 25
$24.0M
$196.8M
Q3 25
$22.1M
$194.4M
Q2 25
$22.9M
$170.0M
Q1 25
$23.8M
Total Debt
BKE
BKE
ELF
ELF
Q4 25
$816.7M
Q3 25
$831.6M
Q2 25
$256.7M
Q1 25
Stockholders' Equity
BKE
BKE
ELF
ELF
Q4 25
$510.7M
$1.2B
Q3 25
$476.2M
$1.1B
Q2 25
$445.3M
$804.9M
Q1 25
$423.8M
Total Assets
BKE
BKE
ELF
ELF
Q4 25
$1.1B
$2.3B
Q3 25
$1.0B
$2.3B
Q2 25
$977.3M
$1.3B
Q1 25
$913.2M
Debt / Equity
BKE
BKE
ELF
ELF
Q4 25
0.70×
Q3 25
0.73×
Q2 25
0.32×
Q1 25

Cash Flow & Capital Efficiency

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

Metric
BKE
BKE
ELF
ELF
Operating Cash FlowLast quarter
$49.4M
$59.4M
Free Cash FlowOCF − Capex
$38.4M
$52.8M
FCF MarginFCF / Revenue
12.0%
10.8%
Capex IntensityCapex / Revenue
3.4%
1.4%
Cash ConversionOCF / Net Profit
1.02×
1.51×
TTM Free Cash FlowTrailing 4 quarters
$215.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BKE
BKE
ELF
ELF
Q4 25
$49.4M
$59.4M
Q3 25
$58.4M
$23.4M
Q2 25
$31.0M
$27.2M
Q1 25
$120.8M
Free Cash Flow
BKE
BKE
ELF
ELF
Q4 25
$38.4M
$52.8M
Q3 25
$46.4M
$16.6M
Q2 25
$19.6M
$20.1M
Q1 25
$111.0M
FCF Margin
BKE
BKE
ELF
ELF
Q4 25
12.0%
10.8%
Q3 25
15.2%
4.8%
Q2 25
7.2%
5.7%
Q1 25
29.3%
Capex Intensity
BKE
BKE
ELF
ELF
Q4 25
3.4%
1.4%
Q3 25
3.9%
2.0%
Q2 25
4.2%
2.0%
Q1 25
2.6%
Cash Conversion
BKE
BKE
ELF
ELF
Q4 25
1.02×
1.51×
Q3 25
1.30×
7.82×
Q2 25
0.88×
0.82×
Q1 25
1.56×

Financial Flow Comparison

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

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