vs

Side-by-side financial comparison of BOX INC (BOX) 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 $301.1M, roughly 1.6× BOX INC). e.l.f. Beauty, Inc. runs the higher net margin — 8.0% vs 4.0%, a 4.0% gap on every dollar of revenue. On growth, e.l.f. Beauty, Inc. posted the faster year-over-year revenue change (37.8% vs 9.1%). BOX INC produced more free cash flow last quarter ($71.3M vs $52.8M).

Box, Inc. is an American public company based in Redwood City, California. It develops and markets cloud-based content management, collaboration, and file sharing tools for businesses. Box was founded in 2005 by Aaron Levie and Dylan Smith. Initially, it focused on consumers, but around 2009 and 2010 Box pivoted to focus on business users. The company raised about $500 million over numerous funding rounds before going public in 2015. Its software allows users to store and manage files in an o...

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...

BOX vs ELF — Head-to-Head

Bigger by revenue
ELF
ELF
1.6× larger
ELF
$489.5M
$301.1M
BOX
Growing faster (revenue YoY)
ELF
ELF
+28.6% gap
ELF
37.8%
9.1%
BOX
Higher net margin
ELF
ELF
4.0% more per $
ELF
8.0%
4.0%
BOX
More free cash flow
BOX
BOX
$18.5M more FCF
BOX
$71.3M
$52.8M
ELF

Income Statement — Q3 FY2026 vs Q3 FY2026

Metric
BOX
BOX
ELF
ELF
Revenue
$301.1M
$489.5M
Net Profit
$12.1M
$39.4M
Gross Margin
79.6%
71.0%
Operating Margin
8.3%
13.8%
Net Margin
4.0%
8.0%
Revenue YoY
9.1%
37.8%
Net Profit YoY
-6.4%
128.1%
EPS (diluted)
$0.05
$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
BOX
BOX
ELF
ELF
Q4 25
$301.1M
$489.5M
Q3 25
$294.0M
$343.9M
Q2 25
$276.3M
$353.7M
Q1 25
$279.5M
Q4 24
$275.9M
Q3 24
$270.0M
Q2 24
$264.7M
Q1 24
$262.9M
Net Profit
BOX
BOX
ELF
ELF
Q4 25
$12.1M
$39.4M
Q3 25
$13.4M
$3.0M
Q2 25
$8.2M
$33.3M
Q1 25
$194.0M
Q4 24
$12.9M
Q3 24
$20.5M
Q2 24
$17.2M
Q1 24
$99.2M
Gross Margin
BOX
BOX
ELF
ELF
Q4 25
79.6%
71.0%
Q3 25
79.1%
69.4%
Q2 25
78.0%
69.1%
Q1 25
79.0%
Q4 24
79.9%
Q3 24
79.4%
Q2 24
78.0%
Q1 24
76.1%
Operating Margin
BOX
BOX
ELF
ELF
Q4 25
8.3%
13.8%
Q3 25
7.0%
2.2%
Q2 25
2.3%
13.8%
Q1 25
6.4%
Q4 24
8.5%
Q3 24
7.5%
Q2 24
6.8%
Q1 24
8.1%
Net Margin
BOX
BOX
ELF
ELF
Q4 25
4.0%
8.0%
Q3 25
4.6%
0.9%
Q2 25
3.0%
9.4%
Q1 25
69.4%
Q4 24
4.7%
Q3 24
7.6%
Q2 24
6.5%
Q1 24
37.7%
EPS (diluted)
BOX
BOX
ELF
ELF
Q4 25
$0.05
$0.65
Q3 25
$0.05
$0.05
Q2 25
$0.02
$0.58
Q1 25
$1.13
Q4 24
$0.05
Q3 24
$0.10
Q2 24
$0.08
Q1 24
$0.57

Balance Sheet & Financial Strength

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

Metric
BOX
BOX
ELF
ELF
Cash + ST InvestmentsLiquidity on hand
$729.6M
$196.8M
Total DebtLower is stronger
$816.7M
Stockholders' EquityBook value
$-286.6M
$1.2B
Total Assets
$1.6B
$2.3B
Debt / EquityLower = less leverage
0.70×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BOX
BOX
ELF
ELF
Q4 25
$729.6M
$196.8M
Q3 25
$757.9M
$194.4M
Q2 25
$790.4M
$170.0M
Q1 25
$722.8M
Q4 24
$697.9M
Q3 24
$482.2M
Q2 24
$566.1M
Q1 24
$480.7M
Total Debt
BOX
BOX
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
BOX
BOX
ELF
ELF
Q4 25
$-286.6M
$1.2B
Q3 25
$-269.4M
$1.1B
Q2 25
$-280.1M
$804.9M
Q1 25
$-297.0M
Q4 24
$-479.9M
Q3 24
$-439.4M
Q2 24
$-397.9M
Q1 24
$-431.1M
Total Assets
BOX
BOX
ELF
ELF
Q4 25
$1.6B
$2.3B
Q3 25
$1.6B
$2.3B
Q2 25
$1.6B
$1.3B
Q1 25
$1.7B
Q4 24
$1.4B
Q3 24
$1.1B
Q2 24
$1.2B
Q1 24
$1.2B
Debt / Equity
BOX
BOX
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
BOX
BOX
ELF
ELF
Operating Cash FlowLast quarter
$73.0M
$59.4M
Free Cash FlowOCF − Capex
$71.3M
$52.8M
FCF MarginFCF / Revenue
23.7%
10.8%
Capex IntensityCapex / Revenue
0.6%
1.4%
Cash ConversionOCF / Net Profit
6.05×
1.51×
TTM Free Cash FlowTrailing 4 quarters
$343.5M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BOX
BOX
ELF
ELF
Q4 25
$73.0M
$59.4M
Q3 25
$46.0M
$23.4M
Q2 25
$127.1M
$27.2M
Q1 25
$102.2M
Q4 24
$62.6M
Q3 24
$36.3M
Q2 24
$131.2M
Q1 24
$89.3M
Free Cash Flow
BOX
BOX
ELF
ELF
Q4 25
$71.3M
$52.8M
Q3 25
$43.9M
$16.6M
Q2 25
$126.7M
$20.1M
Q1 25
$101.5M
Q4 24
$62.3M
Q3 24
$35.9M
Q2 24
$129.9M
Q1 24
$89.1M
FCF Margin
BOX
BOX
ELF
ELF
Q4 25
23.7%
10.8%
Q3 25
14.9%
4.8%
Q2 25
45.9%
5.7%
Q1 25
36.3%
Q4 24
22.6%
Q3 24
13.3%
Q2 24
49.1%
Q1 24
33.9%
Capex Intensity
BOX
BOX
ELF
ELF
Q4 25
0.6%
1.4%
Q3 25
0.7%
2.0%
Q2 25
0.1%
2.0%
Q1 25
0.2%
Q4 24
0.1%
Q3 24
0.1%
Q2 24
0.5%
Q1 24
0.1%
Cash Conversion
BOX
BOX
ELF
ELF
Q4 25
6.05×
1.51×
Q3 25
3.42×
7.82×
Q2 25
15.51×
0.82×
Q1 25
0.53×
Q4 24
4.85×
Q3 24
1.77×
Q2 24
7.62×
Q1 24
0.90×

Financial Flow Comparison

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

Related Comparisons