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

Crocs, Inc. is the larger business by last-quarter revenue ($921.5M vs $489.5M, roughly 1.9× e.l.f. Beauty, Inc.). Crocs, Inc. runs the higher net margin — 14.9% vs 8.0%, a 6.9% gap on every dollar of revenue. On growth, e.l.f. Beauty, Inc. posted the faster year-over-year revenue change (37.8% vs -1.7%). e.l.f. Beauty, Inc. produced more free cash flow last quarter ($52.8M vs $-98.9M).

Crocs, Inc. is an American footwear company based in Broomfield, Colorado. It manufactures and markets the Crocs brand of foam footwear. Crocs, Inc. terms these "clogs," but they do not contain wood like traditional clogs.

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...

CROX vs ELF — Head-to-Head

Bigger by revenue
CROX
CROX
1.9× larger
CROX
$921.5M
$489.5M
ELF
Growing faster (revenue YoY)
ELF
ELF
+39.5% gap
ELF
37.8%
-1.7%
CROX
Higher net margin
CROX
CROX
6.9% more per $
CROX
14.9%
8.0%
ELF
More free cash flow
ELF
ELF
$151.7M more FCF
ELF
$52.8M
$-98.9M
CROX

Income Statement — Q1 FY2026 vs Q3 FY2026

Metric
CROX
CROX
ELF
ELF
Revenue
$921.5M
$489.5M
Net Profit
$137.6M
$39.4M
Gross Margin
56.8%
71.0%
Operating Margin
21.8%
13.8%
Net Margin
14.9%
8.0%
Revenue YoY
-1.7%
37.8%
Net Profit YoY
-14.1%
128.1%
EPS (diluted)
$2.71
$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
CROX
CROX
ELF
ELF
Q1 26
$921.5M
Q4 25
$957.6M
$489.5M
Q3 25
$996.3M
$343.9M
Q2 25
$1.1B
$353.7M
Q1 25
$937.3M
Q4 24
$989.8M
Q3 24
$1.1B
Q2 24
$1.1B
Net Profit
CROX
CROX
ELF
ELF
Q1 26
$137.6M
Q4 25
$105.2M
$39.4M
Q3 25
$145.8M
$3.0M
Q2 25
$-492.3M
$33.3M
Q1 25
$160.1M
Q4 24
$368.9M
Q3 24
$199.8M
Q2 24
$228.9M
Gross Margin
CROX
CROX
ELF
ELF
Q1 26
56.8%
Q4 25
54.7%
71.0%
Q3 25
58.5%
69.4%
Q2 25
61.7%
69.1%
Q1 25
57.8%
Q4 24
57.9%
Q3 24
59.6%
Q2 24
61.4%
Operating Margin
CROX
CROX
ELF
ELF
Q1 26
21.8%
Q4 25
15.3%
13.8%
Q3 25
20.8%
2.2%
Q2 25
-37.2%
13.8%
Q1 25
23.8%
Q4 24
20.2%
Q3 24
25.4%
Q2 24
29.3%
Net Margin
CROX
CROX
ELF
ELF
Q1 26
14.9%
Q4 25
11.0%
8.0%
Q3 25
14.6%
0.9%
Q2 25
-42.8%
9.4%
Q1 25
17.1%
Q4 24
37.3%
Q3 24
18.8%
Q2 24
20.6%
EPS (diluted)
CROX
CROX
ELF
ELF
Q1 26
$2.71
Q4 25
$1.79
$0.65
Q3 25
$2.70
$0.05
Q2 25
$-8.82
$0.58
Q1 25
$2.83
Q4 24
$6.25
Q3 24
$3.36
Q2 24
$3.77

Balance Sheet & Financial Strength

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

Metric
CROX
CROX
ELF
ELF
Cash + ST InvestmentsLiquidity on hand
$130.9M
$196.8M
Total DebtLower is stronger
$1.3B
$816.7M
Stockholders' EquityBook value
$1.4B
$1.2B
Total Assets
$4.3B
$2.3B
Debt / EquityLower = less leverage
0.93×
0.70×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CROX
CROX
ELF
ELF
Q1 26
$130.9M
Q4 25
$130.4M
$196.8M
Q3 25
$154.0M
$194.4M
Q2 25
$200.6M
$170.0M
Q1 25
$166.5M
Q4 24
$180.5M
Q3 24
$186.1M
Q2 24
$167.7M
Total Debt
CROX
CROX
ELF
ELF
Q1 26
$1.3B
Q4 25
$816.7M
Q3 25
$831.6M
Q2 25
$256.7M
Q1 25
Q4 24
Q3 24
Q2 24
Stockholders' Equity
CROX
CROX
ELF
ELF
Q1 26
$1.4B
Q4 25
$1.3B
$1.2B
Q3 25
$1.4B
$1.1B
Q2 25
$1.4B
$804.9M
Q1 25
$2.0B
Q4 24
$1.8B
Q3 24
$1.7B
Q2 24
$1.7B
Total Assets
CROX
CROX
ELF
ELF
Q1 26
$4.3B
Q4 25
$4.2B
$2.3B
Q3 25
$4.3B
$2.3B
Q2 25
$4.5B
$1.3B
Q1 25
$5.1B
Q4 24
$4.8B
Q3 24
$4.7B
Q2 24
$4.7B
Debt / Equity
CROX
CROX
ELF
ELF
Q1 26
0.93×
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
CROX
CROX
ELF
ELF
Operating Cash FlowLast quarter
$59.4M
Free Cash FlowOCF − Capex
$-98.9M
$52.8M
FCF MarginFCF / Revenue
-10.7%
10.8%
Capex IntensityCapex / Revenue
1.4%
Cash ConversionOCF / Net Profit
1.51×
TTM Free Cash FlowTrailing 4 quarters
$642.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CROX
CROX
ELF
ELF
Q1 26
Q4 25
$252.5M
$59.4M
Q3 25
$239.3M
$23.4M
Q2 25
$285.8M
$27.2M
Q1 25
$-67.2M
Q4 24
$321.9M
Q3 24
$296.9M
Q2 24
$401.2M
Free Cash Flow
CROX
CROX
ELF
ELF
Q1 26
$-98.9M
Q4 25
$246.4M
$52.8M
Q3 25
$226.2M
$16.6M
Q2 25
$269.2M
$20.1M
Q1 25
$-82.6M
Q4 24
$303.4M
Q3 24
$278.8M
Q2 24
$384.2M
FCF Margin
CROX
CROX
ELF
ELF
Q1 26
-10.7%
Q4 25
25.7%
10.8%
Q3 25
22.7%
4.8%
Q2 25
23.4%
5.7%
Q1 25
-8.8%
Q4 24
30.7%
Q3 24
26.3%
Q2 24
34.6%
Capex Intensity
CROX
CROX
ELF
ELF
Q1 26
Q4 25
0.6%
1.4%
Q3 25
1.3%
2.0%
Q2 25
1.4%
2.0%
Q1 25
1.6%
Q4 24
1.9%
Q3 24
1.7%
Q2 24
1.5%
Cash Conversion
CROX
CROX
ELF
ELF
Q1 26
Q4 25
2.40×
1.51×
Q3 25
1.64×
7.82×
Q2 25
0.82×
Q1 25
-0.42×
Q4 24
0.87×
Q3 24
1.49×
Q2 24
1.75×

Financial Flow Comparison

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

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