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Side-by-side financial comparison of CNA FINANCIAL CORP (CNA) 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 $389.0M, roughly 1.3× CNA FINANCIAL CORP). CNA FINANCIAL CORP runs the higher net margin — 77.6% vs 8.0%, a 69.6% gap on every dollar of revenue. On growth, e.l.f. Beauty, Inc. posted the faster year-over-year revenue change (37.8% vs -2.0%). CNA FINANCIAL CORP produced more free cash flow last quarter ($542.0M vs $52.8M).

CNA Financial Corporation is a financial corporation based in Chicago, Illinois, United States. Its principal subsidiary, Continental Casualty Company (CCC), was founded in 1897, and The Continental Insurance Company (CIC) was organized in 1853. CNA, the current parent company, was incorporated in 1967.

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...

CNA vs ELF — Head-to-Head

Bigger by revenue
ELF
ELF
1.3× larger
ELF
$489.5M
$389.0M
CNA
Growing faster (revenue YoY)
ELF
ELF
+39.8% gap
ELF
37.8%
-2.0%
CNA
Higher net margin
CNA
CNA
69.6% more per $
CNA
77.6%
8.0%
ELF
More free cash flow
CNA
CNA
$489.2M more FCF
CNA
$542.0M
$52.8M
ELF

Income Statement — Q4 FY2025 vs Q3 FY2026

Metric
CNA
CNA
ELF
ELF
Revenue
$389.0M
$489.5M
Net Profit
$302.0M
$39.4M
Gross Margin
71.0%
Operating Margin
97.2%
13.8%
Net Margin
77.6%
8.0%
Revenue YoY
-2.0%
37.8%
Net Profit YoY
1338.1%
128.1%
EPS (diluted)
$1.11
$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
CNA
CNA
ELF
ELF
Q4 25
$389.0M
$489.5M
Q3 25
$393.0M
$343.9M
Q2 25
$398.0M
$353.7M
Q1 25
$397.0M
Q4 24
$397.0M
Q3 24
$401.0M
Q2 24
$404.0M
Q1 24
$407.0M
Net Profit
CNA
CNA
ELF
ELF
Q4 25
$302.0M
$39.4M
Q3 25
$403.0M
$3.0M
Q2 25
$299.0M
$33.3M
Q1 25
$274.0M
Q4 24
$21.0M
Q3 24
$283.0M
Q2 24
$317.0M
Q1 24
$338.0M
Gross Margin
CNA
CNA
ELF
ELF
Q4 25
71.0%
Q3 25
69.4%
Q2 25
69.1%
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
Operating Margin
CNA
CNA
ELF
ELF
Q4 25
97.2%
13.8%
Q3 25
2.2%
Q2 25
95.5%
13.8%
Q1 25
87.9%
Q4 24
5.3%
Q3 24
90.0%
Q2 24
99.5%
Q1 24
Net Margin
CNA
CNA
ELF
ELF
Q4 25
77.6%
8.0%
Q3 25
102.5%
0.9%
Q2 25
75.1%
9.4%
Q1 25
69.0%
Q4 24
5.3%
Q3 24
70.6%
Q2 24
78.5%
Q1 24
83.0%
EPS (diluted)
CNA
CNA
ELF
ELF
Q4 25
$1.11
$0.65
Q3 25
$1.48
$0.05
Q2 25
$1.10
$0.58
Q1 25
$1.00
Q4 24
$0.07
Q3 24
$1.04
Q2 24
$1.17
Q1 24
$1.24

Balance Sheet & Financial Strength

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

Metric
CNA
CNA
ELF
ELF
Cash + ST InvestmentsLiquidity on hand
$196.8M
Total DebtLower is stronger
$3.0B
$816.7M
Stockholders' EquityBook value
$11.6B
$1.2B
Total Assets
$69.4B
$2.3B
Debt / EquityLower = less leverage
0.26×
0.70×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CNA
CNA
ELF
ELF
Q4 25
$196.8M
Q3 25
$194.4M
Q2 25
$170.0M
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
Total Debt
CNA
CNA
ELF
ELF
Q4 25
$3.0B
$816.7M
Q3 25
$831.6M
Q2 25
$256.7M
Q1 25
Q4 24
$3.0B
Q3 24
Q2 24
Q1 24
Stockholders' Equity
CNA
CNA
ELF
ELF
Q4 25
$11.6B
$1.2B
Q3 25
$11.3B
$1.1B
Q2 25
$10.7B
$804.9M
Q1 25
$10.3B
Q4 24
$10.5B
Q3 24
$10.8B
Q2 24
$9.9B
Q1 24
$9.7B
Total Assets
CNA
CNA
ELF
ELF
Q4 25
$69.4B
$2.3B
Q3 25
$69.8B
$2.3B
Q2 25
$68.9B
$1.3B
Q1 25
$67.3B
Q4 24
$66.5B
Q3 24
$67.4B
Q2 24
$65.2B
Q1 24
$65.1B
Debt / Equity
CNA
CNA
ELF
ELF
Q4 25
0.26×
0.70×
Q3 25
0.73×
Q2 25
0.32×
Q1 25
Q4 24
0.28×
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
CNA
CNA
ELF
ELF
Operating Cash FlowLast quarter
$570.0M
$59.4M
Free Cash FlowOCF − Capex
$542.0M
$52.8M
FCF MarginFCF / Revenue
139.3%
10.8%
Capex IntensityCapex / Revenue
7.2%
1.4%
Cash ConversionOCF / Net Profit
1.89×
1.51×
TTM Free Cash FlowTrailing 4 quarters
$2.4B

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CNA
CNA
ELF
ELF
Q4 25
$570.0M
$59.4M
Q3 25
$720.0M
$23.4M
Q2 25
$562.0M
$27.2M
Q1 25
$638.0M
Q4 24
$703.0M
Q3 24
$748.0M
Q2 24
$616.0M
Q1 24
$504.0M
Free Cash Flow
CNA
CNA
ELF
ELF
Q4 25
$542.0M
$52.8M
Q3 25
$704.0M
$16.6M
Q2 25
$538.0M
$20.1M
Q1 25
$620.0M
Q4 24
$665.0M
Q3 24
$730.0M
Q2 24
$597.0M
Q1 24
$484.0M
FCF Margin
CNA
CNA
ELF
ELF
Q4 25
139.3%
10.8%
Q3 25
179.1%
4.8%
Q2 25
135.2%
5.7%
Q1 25
156.2%
Q4 24
167.5%
Q3 24
182.0%
Q2 24
147.8%
Q1 24
118.9%
Capex Intensity
CNA
CNA
ELF
ELF
Q4 25
7.2%
1.4%
Q3 25
4.1%
2.0%
Q2 25
6.0%
2.0%
Q1 25
4.5%
Q4 24
9.6%
Q3 24
4.5%
Q2 24
4.7%
Q1 24
4.9%
Cash Conversion
CNA
CNA
ELF
ELF
Q4 25
1.89×
1.51×
Q3 25
1.79×
7.82×
Q2 25
1.88×
0.82×
Q1 25
2.33×
Q4 24
33.48×
Q3 24
2.64×
Q2 24
1.94×
Q1 24
1.49×

Financial Flow Comparison

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

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