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Side-by-side financial comparison of BKV Corp (BKV) 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 $255.9M, roughly 1.9× BKV Corp). BKV Corp runs the higher net margin — 27.5% vs 8.0%, a 19.5% gap on every dollar of revenue.

BKV Corp is a North American independent energy company focused on sustainable natural gas exploration, production, and distribution, with core operating assets located in the Appalachian Basin. It serves utility, industrial, and commercial customers across the region, and invests in low-carbon technologies including carbon capture to reduce operational emissions.

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...

BKV vs ELF — Head-to-Head

Bigger by revenue
ELF
ELF
1.9× larger
ELF
$489.5M
$255.9M
BKV
Higher net margin
BKV
BKV
19.5% more per $
BKV
27.5%
8.0%
ELF

Income Statement — Q4 FY2025 vs Q3 FY2026

Metric
BKV
BKV
ELF
ELF
Revenue
$255.9M
$489.5M
Net Profit
$70.4M
$39.4M
Gross Margin
71.0%
Operating Margin
39.3%
13.8%
Net Margin
27.5%
8.0%
Revenue YoY
37.8%
Net Profit YoY
128.1%
EPS (diluted)
$0.78
$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
BKV
BKV
ELF
ELF
Q4 25
$255.9M
$489.5M
Q3 25
$199.8M
$343.9M
Q2 25
$207.1M
$353.7M
Q1 25
$231.0M
Q3 24
$133.5M
Net Profit
BKV
BKV
ELF
ELF
Q4 25
$70.4M
$39.4M
Q3 25
$76.8M
$3.0M
Q2 25
$104.6M
$33.3M
Q1 25
$-78.7M
Q3 24
$12.9M
Gross Margin
BKV
BKV
ELF
ELF
Q4 25
71.0%
Q3 25
69.4%
Q2 25
69.1%
Q1 25
Q3 24
Operating Margin
BKV
BKV
ELF
ELF
Q4 25
39.3%
13.8%
Q3 25
41.2%
2.2%
Q2 25
62.0%
13.8%
Q1 25
-40.6%
Q3 24
-15.7%
Net Margin
BKV
BKV
ELF
ELF
Q4 25
27.5%
8.0%
Q3 25
38.5%
0.9%
Q2 25
50.5%
9.4%
Q1 25
-34.1%
Q3 24
9.6%
EPS (diluted)
BKV
BKV
ELF
ELF
Q4 25
$0.78
$0.65
Q3 25
$0.90
$0.05
Q2 25
$1.23
$0.58
Q1 25
$-0.93
Q3 24
$0.18

Balance Sheet & Financial Strength

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

Metric
BKV
BKV
ELF
ELF
Cash + ST InvestmentsLiquidity on hand
$199.4M
$196.8M
Total DebtLower is stronger
$486.8M
$816.7M
Stockholders' EquityBook value
$2.0B
$1.2B
Total Assets
$3.1B
$2.3B
Debt / EquityLower = less leverage
0.24×
0.70×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BKV
BKV
ELF
ELF
Q4 25
$199.4M
$196.8M
Q3 25
$83.1M
$194.4M
Q2 25
$21.4M
$170.0M
Q1 25
$15.3M
Q3 24
$31.3M
Total Debt
BKV
BKV
ELF
ELF
Q4 25
$486.8M
$816.7M
Q3 25
$486.6M
$831.6M
Q2 25
$200.0M
$256.7M
Q1 25
$200.0M
Q3 24
$190.0M
Stockholders' Equity
BKV
BKV
ELF
ELF
Q4 25
$2.0B
$1.2B
Q3 25
$1.8B
$1.1B
Q2 25
$1.6B
$804.9M
Q1 25
$1.5B
Q3 24
$1.6B
Total Assets
BKV
BKV
ELF
ELF
Q4 25
$3.1B
$2.3B
Q3 25
$2.9B
$2.3B
Q2 25
$2.3B
$1.3B
Q1 25
$2.3B
Q3 24
$2.3B
Debt / Equity
BKV
BKV
ELF
ELF
Q4 25
0.24×
0.70×
Q3 25
0.27×
0.73×
Q2 25
0.13×
0.32×
Q1 25
0.13×
Q3 24
0.12×

Cash Flow & Capital Efficiency

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

Metric
BKV
BKV
ELF
ELF
Operating Cash FlowLast quarter
$69.4M
$59.4M
Free Cash FlowOCF − Capex
$52.8M
FCF MarginFCF / Revenue
10.8%
Capex IntensityCapex / Revenue
1.4%
Cash ConversionOCF / Net Profit
0.99×
1.51×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BKV
BKV
ELF
ELF
Q4 25
$69.4M
$59.4M
Q3 25
$74.5M
$23.4M
Q2 25
$76.2M
$27.2M
Q1 25
$22.6M
Q3 24
Free Cash Flow
BKV
BKV
ELF
ELF
Q4 25
$52.8M
Q3 25
$-126.9M
$16.6M
Q2 25
$20.1M
Q1 25
Q3 24
FCF Margin
BKV
BKV
ELF
ELF
Q4 25
10.8%
Q3 25
-63.5%
4.8%
Q2 25
5.7%
Q1 25
Q3 24
Capex Intensity
BKV
BKV
ELF
ELF
Q4 25
1.4%
Q3 25
100.9%
2.0%
Q2 25
2.0%
Q1 25
Q3 24
Cash Conversion
BKV
BKV
ELF
ELF
Q4 25
0.99×
1.51×
Q3 25
0.97×
7.82×
Q2 25
0.73×
0.82×
Q1 25
Q3 24

Financial Flow Comparison

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

Revenue Breakdown by Segment

BKV
BKV

Natural Gas NGL And Oil$249.3M97%
Related Party And Other$4.7M2%
Marketing$2.8M1%

ELF
ELF

Segment breakdown not available.

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