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Side-by-side financial comparison of Credo Technology Group Holding Ltd (CRDO) 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 $268.0M, roughly 1.8× Credo Technology Group Holding Ltd). Credo Technology Group Holding Ltd runs the higher net margin — 30.8% vs 8.0%, a 22.8% gap on every dollar of revenue. On growth, Credo Technology Group Holding Ltd posted the faster year-over-year revenue change (272.1% vs 37.8%). e.l.f. Beauty, Inc. produced more free cash flow last quarter ($52.8M vs $38.5M).

Seiko Group is a corporate group composed of Seiko Group Corporation and its subsidiaries and affiliates. It used to be recognized as a corporate group consisting of three core companies Seiko Holdings Corp., Seiko Instruments Inc., and Seiko Epson Corp. The three companies were linked by a common thread of timepiece technology. Although Epson still develops and manufactures wristwatches for the Seiko Group, Epson and its subsidiaries are not considered part of the group.

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...

CRDO vs ELF — Head-to-Head

Bigger by revenue
ELF
ELF
1.8× larger
ELF
$489.5M
$268.0M
CRDO
Growing faster (revenue YoY)
CRDO
CRDO
+234.3% gap
CRDO
272.1%
37.8%
ELF
Higher net margin
CRDO
CRDO
22.8% more per $
CRDO
30.8%
8.0%
ELF
More free cash flow
ELF
ELF
$14.3M more FCF
ELF
$52.8M
$38.5M
CRDO

Income Statement — Q2 FY2026 vs Q3 FY2026

Metric
CRDO
CRDO
ELF
ELF
Revenue
$268.0M
$489.5M
Net Profit
$82.6M
$39.4M
Gross Margin
67.5%
71.0%
Operating Margin
29.4%
13.8%
Net Margin
30.8%
8.0%
Revenue YoY
272.1%
37.8%
Net Profit YoY
2055.9%
128.1%
EPS (diluted)
$0.44
$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
CRDO
CRDO
ELF
ELF
Q4 25
$268.0M
$489.5M
Q3 25
$223.1M
$343.9M
Q2 25
$170.0M
$353.7M
Q1 25
$135.0M
Q4 24
$72.0M
Q3 24
$59.7M
Q2 24
$60.8M
Q1 24
$53.1M
Net Profit
CRDO
CRDO
ELF
ELF
Q4 25
$82.6M
$39.4M
Q3 25
$63.4M
$3.0M
Q2 25
$36.6M
$33.3M
Q1 25
$29.4M
Q4 24
$-4.2M
Q3 24
$-9.5M
Q2 24
$-10.5M
Q1 24
$428.0K
Gross Margin
CRDO
CRDO
ELF
ELF
Q4 25
67.5%
71.0%
Q3 25
67.4%
69.4%
Q2 25
67.2%
69.1%
Q1 25
63.6%
Q4 24
63.2%
Q3 24
62.4%
Q2 24
65.8%
Q1 24
61.4%
Operating Margin
CRDO
CRDO
ELF
ELF
Q4 25
29.4%
13.8%
Q3 25
27.2%
2.2%
Q2 25
19.9%
13.8%
Q1 25
19.4%
Q4 24
-11.7%
Q3 24
-24.2%
Q2 24
-13.0%
Q1 24
-11.1%
Net Margin
CRDO
CRDO
ELF
ELF
Q4 25
30.8%
8.0%
Q3 25
28.4%
0.9%
Q2 25
21.5%
9.4%
Q1 25
21.7%
Q4 24
-5.9%
Q3 24
-16.0%
Q2 24
-17.2%
Q1 24
0.8%
EPS (diluted)
CRDO
CRDO
ELF
ELF
Q4 25
$0.44
$0.65
Q3 25
$0.34
$0.05
Q2 25
$0.22
$0.58
Q1 25
$0.16
Q4 24
$-0.03
Q3 24
$-0.06
Q2 24
$-0.06
Q1 24
$0.00

Balance Sheet & Financial Strength

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

Metric
CRDO
CRDO
ELF
ELF
Cash + ST InvestmentsLiquidity on hand
$813.6M
$196.8M
Total DebtLower is stronger
$816.7M
Stockholders' EquityBook value
$1.3B
$1.2B
Total Assets
$1.4B
$2.3B
Debt / EquityLower = less leverage
0.70×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CRDO
CRDO
ELF
ELF
Q4 25
$813.6M
$196.8M
Q3 25
$479.6M
$194.4M
Q2 25
$431.3M
$170.0M
Q1 25
$379.2M
Q4 24
$383.0M
Q3 24
$398.6M
Q2 24
$410.0M
Q1 24
$409.1M
Total Debt
CRDO
CRDO
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
CRDO
CRDO
ELF
ELF
Q4 25
$1.3B
$1.2B
Q3 25
$781.4M
$1.1B
Q2 25
$681.6M
$804.9M
Q1 25
$618.2M
Q4 24
$567.9M
Q3 24
$553.1M
Q2 24
$540.2M
Q1 24
$534.0M
Total Assets
CRDO
CRDO
ELF
ELF
Q4 25
$1.4B
$2.3B
Q3 25
$905.2M
$2.3B
Q2 25
$809.3M
$1.3B
Q1 25
$719.9M
Q4 24
$638.6M
Q3 24
$644.9M
Q2 24
$601.9M
Q1 24
$592.5M
Debt / Equity
CRDO
CRDO
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
CRDO
CRDO
ELF
ELF
Operating Cash FlowLast quarter
$61.7M
$59.4M
Free Cash FlowOCF − Capex
$38.5M
$52.8M
FCF MarginFCF / Revenue
14.4%
10.8%
Capex IntensityCapex / Revenue
8.7%
1.4%
Cash ConversionOCF / Net Profit
0.75×
1.51×
TTM Free Cash FlowTrailing 4 quarters
$143.6M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CRDO
CRDO
ELF
ELF
Q4 25
$61.7M
$59.4M
Q3 25
$54.2M
$23.4M
Q2 25
$57.8M
$27.2M
Q1 25
$4.2M
Q4 24
$10.3M
Q3 24
$-7.2M
Q2 24
$4.2M
Q1 24
$-1.0M
Free Cash Flow
CRDO
CRDO
ELF
ELF
Q4 25
$38.5M
$52.8M
Q3 25
$51.3M
$16.6M
Q2 25
$54.2M
$20.1M
Q1 25
$-383.0K
Q4 24
$-11.7M
Q3 24
$-13.1M
Q2 24
$962.0K
Q1 24
$-6.1M
FCF Margin
CRDO
CRDO
ELF
ELF
Q4 25
14.4%
10.8%
Q3 25
23.0%
4.8%
Q2 25
31.9%
5.7%
Q1 25
-0.3%
Q4 24
-16.2%
Q3 24
-21.9%
Q2 24
1.6%
Q1 24
-11.6%
Capex Intensity
CRDO
CRDO
ELF
ELF
Q4 25
8.7%
1.4%
Q3 25
1.3%
2.0%
Q2 25
2.1%
2.0%
Q1 25
3.4%
Q4 24
30.5%
Q3 24
9.8%
Q2 24
5.3%
Q1 24
9.6%
Cash Conversion
CRDO
CRDO
ELF
ELF
Q4 25
0.75×
1.51×
Q3 25
0.85×
7.82×
Q2 25
1.58×
0.82×
Q1 25
0.14×
Q4 24
Q3 24
Q2 24
Q1 24
-2.42×

Financial Flow Comparison

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

Revenue Breakdown by Segment

CRDO
CRDO

Other$132.1M49%
HK$104.4M39%
RESTOFTHEWORLD$31.5M12%

ELF
ELF

Segment breakdown not available.

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