vs

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

CMB.TECH NV is the larger business by last-quarter revenue ($592.8M vs $489.5M, roughly 1.2× e.l.f. Beauty, Inc.). CMB.TECH NV runs the higher net margin — 32.3% vs 8.0%, a 24.2% gap on every dollar of revenue. On growth, e.l.f. Beauty, Inc. posted the faster year-over-year revenue change (37.8% vs -34.6%).

CMB.TECH, before October 2024 known as Euronav, is a crude oil tanker transport company, which consists of VLCCs, Suezmaxes and FSOs.

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...

CMBT vs ELF — Head-to-Head

Bigger by revenue
CMBT
CMBT
1.2× larger
CMBT
$592.8M
$489.5M
ELF
Growing faster (revenue YoY)
ELF
ELF
+72.3% gap
ELF
37.8%
-34.6%
CMBT
Higher net margin
CMBT
CMBT
24.2% more per $
CMBT
32.3%
8.0%
ELF

Income Statement — Q4 FY2024 vs Q3 FY2026

Metric
CMBT
CMBT
ELF
ELF
Revenue
$592.8M
$489.5M
Net Profit
$191.2M
$39.4M
Gross Margin
71.0%
Operating Margin
46.4%
13.8%
Net Margin
32.3%
8.0%
Revenue YoY
-34.6%
37.8%
Net Profit YoY
-63.3%
128.1%
EPS (diluted)
$1.01
$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
CMBT
CMBT
ELF
ELF
Q4 25
$489.5M
Q3 25
$343.9M
Q2 25
$353.7M
Q4 24
$592.8M
Q4 23
$905.9M
Net Profit
CMBT
CMBT
ELF
ELF
Q4 25
$39.4M
Q3 25
$3.0M
Q2 25
$33.3M
Q4 24
$191.2M
Q4 23
$521.2M
Gross Margin
CMBT
CMBT
ELF
ELF
Q4 25
71.0%
Q3 25
69.4%
Q2 25
69.1%
Q4 24
Q4 23
Operating Margin
CMBT
CMBT
ELF
ELF
Q4 25
13.8%
Q3 25
2.2%
Q2 25
13.8%
Q4 24
46.4%
Q4 23
63.4%
Net Margin
CMBT
CMBT
ELF
ELF
Q4 25
8.0%
Q3 25
0.9%
Q2 25
9.4%
Q4 24
32.3%
Q4 23
57.5%
EPS (diluted)
CMBT
CMBT
ELF
ELF
Q4 25
$0.65
Q3 25
$0.05
Q2 25
$0.58
Q4 24
$1.01
Q4 23
$2.58

Balance Sheet & Financial Strength

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

Metric
CMBT
CMBT
ELF
ELF
Cash + ST InvestmentsLiquidity on hand
$38.9M
$196.8M
Total DebtLower is stronger
$2.6B
$816.7M
Stockholders' EquityBook value
$1.2B
$1.2B
Total Assets
$3.9B
$2.3B
Debt / EquityLower = less leverage
2.20×
0.70×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CMBT
CMBT
ELF
ELF
Q4 25
$196.8M
Q3 25
$194.4M
Q2 25
$170.0M
Q4 24
$38.9M
Q4 23
$429.4M
Total Debt
CMBT
CMBT
ELF
ELF
Q4 25
$816.7M
Q3 25
$831.6M
Q2 25
$256.7M
Q4 24
$2.6B
Q4 23
$930.7M
Stockholders' Equity
CMBT
CMBT
ELF
ELF
Q4 25
$1.2B
Q3 25
$1.1B
Q2 25
$804.9M
Q4 24
$1.2B
Q4 23
$2.4B
Total Assets
CMBT
CMBT
ELF
ELF
Q4 25
$2.3B
Q3 25
$2.3B
Q2 25
$1.3B
Q4 24
$3.9B
Q4 23
$3.4B
Debt / Equity
CMBT
CMBT
ELF
ELF
Q4 25
0.70×
Q3 25
0.73×
Q2 25
0.32×
Q4 24
2.20×
Q4 23
0.39×

Cash Flow & Capital Efficiency

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

Metric
CMBT
CMBT
ELF
ELF
Operating Cash FlowLast quarter
$204.4M
$59.4M
Free Cash FlowOCF − Capex
$52.8M
FCF MarginFCF / Revenue
10.8%
Capex IntensityCapex / Revenue
1.4%
Cash ConversionOCF / Net Profit
1.07×
1.51×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CMBT
CMBT
ELF
ELF
Q4 25
$59.4M
Q3 25
$23.4M
Q2 25
$27.2M
Q4 24
$204.4M
Q4 23
$435.8M
Free Cash Flow
CMBT
CMBT
ELF
ELF
Q4 25
$52.8M
Q3 25
$16.6M
Q2 25
$20.1M
Q4 24
Q4 23
$65.6M
FCF Margin
CMBT
CMBT
ELF
ELF
Q4 25
10.8%
Q3 25
4.8%
Q2 25
5.7%
Q4 24
Q4 23
7.2%
Capex Intensity
CMBT
CMBT
ELF
ELF
Q4 25
1.4%
Q3 25
2.0%
Q2 25
2.0%
Q4 24
Q4 23
40.9%
Cash Conversion
CMBT
CMBT
ELF
ELF
Q4 25
1.51×
Q3 25
7.82×
Q2 25
0.82×
Q4 24
1.07×
Q4 23
0.84×

Financial Flow Comparison

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

Related Comparisons