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

BXP, Inc. is the larger business by last-quarter revenue ($872.1M vs $489.5M, roughly 1.8× e.l.f. Beauty, Inc.). BXP, Inc. runs the higher net margin — 15.3% vs 8.0%, a 7.2% gap on every dollar of revenue. On growth, e.l.f. Beauty, Inc. posted the faster year-over-year revenue change (37.8% vs 0.8%).

BXP Inc., operating as Boston Properties, is a leading U.S. real estate investment trust focused on owning, managing and developing high-quality Class A commercial office properties across major U.S. metro markets, serving diverse corporate, tech and professional service tenants.

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...

BXP vs ELF — Head-to-Head

Bigger by revenue
BXP
BXP
1.8× larger
BXP
$872.1M
$489.5M
ELF
Growing faster (revenue YoY)
ELF
ELF
+37.0% gap
ELF
37.8%
0.8%
BXP
Higher net margin
BXP
BXP
7.2% more per $
BXP
15.3%
8.0%
ELF

Income Statement — Q1 FY2026 vs Q3 FY2026

Metric
BXP
BXP
ELF
ELF
Revenue
$872.1M
$489.5M
Net Profit
$133.0M
$39.4M
Gross Margin
71.0%
Operating Margin
13.8%
Net Margin
15.3%
8.0%
Revenue YoY
0.8%
37.8%
Net Profit YoY
53.0%
128.1%
EPS (diluted)
$1.69
$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
BXP
BXP
ELF
ELF
Q1 26
$872.1M
Q4 25
$877.1M
$489.5M
Q3 25
$871.5M
$343.9M
Q2 25
$868.5M
$353.7M
Q1 25
$865.2M
Q4 24
$858.6M
Q3 24
$859.2M
Q2 24
$850.5M
Net Profit
BXP
BXP
ELF
ELF
Q1 26
$133.0M
Q4 25
$248.4M
$39.4M
Q3 25
$-121.7M
$3.0M
Q2 25
$89.0M
$33.3M
Q1 25
$61.2M
Q4 24
$-228.9M
Q3 24
$83.6M
Q2 24
$79.6M
Gross Margin
BXP
BXP
ELF
ELF
Q1 26
Q4 25
58.8%
71.0%
Q3 25
59.3%
69.4%
Q2 25
59.2%
69.1%
Q1 25
59.2%
Q4 24
59.7%
Q3 24
59.5%
Q2 24
59.8%
Operating Margin
BXP
BXP
ELF
ELF
Q1 26
Q4 25
13.8%
Q3 25
2.2%
Q2 25
13.8%
Q1 25
Q4 24
Q3 24
Q2 24
Net Margin
BXP
BXP
ELF
ELF
Q1 26
15.3%
Q4 25
28.3%
8.0%
Q3 25
-14.0%
0.9%
Q2 25
10.2%
9.4%
Q1 25
7.1%
Q4 24
-26.7%
Q3 24
9.7%
Q2 24
9.4%
EPS (diluted)
BXP
BXP
ELF
ELF
Q1 26
$1.69
Q4 25
$1.56
$0.65
Q3 25
$-0.77
$0.05
Q2 25
$0.56
$0.58
Q1 25
$0.39
Q4 24
$-1.46
Q3 24
$0.53
Q2 24
$0.51

Balance Sheet & Financial Strength

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

Metric
BXP
BXP
ELF
ELF
Cash + ST InvestmentsLiquidity on hand
$512.8M
$196.8M
Total DebtLower is stronger
$816.7M
Stockholders' EquityBook value
$7.7B
$1.2B
Total Assets
$25.1B
$2.3B
Debt / EquityLower = less leverage
0.70×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BXP
BXP
ELF
ELF
Q1 26
$512.8M
Q4 25
$1.5B
$196.8M
Q3 25
$861.1M
$194.4M
Q2 25
$447.0M
$170.0M
Q1 25
$398.1M
Q4 24
$1.3B
Q3 24
$1.4B
Q2 24
$685.4M
Total Debt
BXP
BXP
ELF
ELF
Q1 26
Q4 25
$816.7M
Q3 25
$831.6M
Q2 25
$256.7M
Q1 25
Q4 24
Q3 24
Q2 24
Stockholders' Equity
BXP
BXP
ELF
ELF
Q1 26
$7.7B
Q4 25
$5.1B
$1.2B
Q3 25
$5.0B
$1.1B
Q2 25
$5.3B
$804.9M
Q1 25
$5.3B
Q4 24
$5.4B
Q3 24
$5.8B
Q2 24
$5.8B
Total Assets
BXP
BXP
ELF
ELF
Q1 26
$25.1B
Q4 25
$26.2B
$2.3B
Q3 25
$26.0B
$2.3B
Q2 25
$25.6B
$1.3B
Q1 25
$25.4B
Q4 24
$26.1B
Q3 24
$26.4B
Q2 24
$25.5B
Debt / Equity
BXP
BXP
ELF
ELF
Q1 26
Q4 25
0.70×
Q3 25
0.73×
Q2 25
0.32×
Q1 25
Q4 24
Q3 24
Q2 24

Cash Flow & Capital Efficiency

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

Metric
BXP
BXP
ELF
ELF
Operating Cash FlowLast quarter
$59.4M
Free Cash FlowOCF − Capex
$52.8M
FCF MarginFCF / Revenue
10.8%
Capex IntensityCapex / Revenue
1.5%
1.4%
Cash ConversionOCF / Net Profit
1.51×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BXP
BXP
ELF
ELF
Q1 26
Q4 25
$407.8M
$59.4M
Q3 25
$274.2M
$23.4M
Q2 25
$353.1M
$27.2M
Q1 25
$210.0M
Q4 24
$383.7M
Q3 24
$286.1M
Q2 24
$367.1M
Free Cash Flow
BXP
BXP
ELF
ELF
Q1 26
Q4 25
$362.7M
$52.8M
Q3 25
$231.6M
$16.6M
Q2 25
$281.5M
$20.1M
Q1 25
$152.6M
Q4 24
$312.5M
Q3 24
$234.5M
Q2 24
$332.4M
FCF Margin
BXP
BXP
ELF
ELF
Q1 26
Q4 25
41.4%
10.8%
Q3 25
26.6%
4.8%
Q2 25
32.4%
5.7%
Q1 25
17.6%
Q4 24
36.4%
Q3 24
27.3%
Q2 24
39.1%
Capex Intensity
BXP
BXP
ELF
ELF
Q1 26
1.5%
Q4 25
5.1%
1.4%
Q3 25
4.9%
2.0%
Q2 25
8.2%
2.0%
Q1 25
6.6%
Q4 24
8.3%
Q3 24
6.0%
Q2 24
4.1%
Cash Conversion
BXP
BXP
ELF
ELF
Q1 26
Q4 25
1.64×
1.51×
Q3 25
7.82×
Q2 25
3.97×
0.82×
Q1 25
3.43×
Q4 24
Q3 24
3.42×
Q2 24
4.61×

Financial Flow Comparison

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

Revenue Breakdown by Segment

BXP
BXP

Lease$818.2M94%
Parking and other$30.8M4%
Development and management services$9.2M1%

ELF
ELF

Segment breakdown not available.

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