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Side-by-side financial comparison of DIVERSIFIED HEALTHCARE TRUST (DHC) 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 $379.6M, roughly 1.3× DIVERSIFIED HEALTHCARE TRUST). e.l.f. Beauty, Inc. runs the higher net margin — 8.0% vs -5.6%, a 13.6% gap on every dollar of revenue. On growth, e.l.f. Beauty, Inc. posted the faster year-over-year revenue change (37.8% vs -0.0%). e.l.f. Beauty, Inc. produced more free cash flow last quarter ($52.8M vs $-166.4M).

GE Healthcare Technologies, Inc. is an American health technology company based in Chicago, Illinois. The company, which stylizes its own name as GE HealthCare, operates four divisions: Medical imaging, which includes molecular imaging, computed tomography, magnetic resonance, women’s health screening and X-ray systems; Ultrasound; Patient Care Solutions, which is focused on remote patient monitoring, anesthesia and respiratory care, diagnostic cardiology, and infant care; and Pharmaceutical ...

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...

DHC vs ELF — Head-to-Head

Bigger by revenue
ELF
ELF
1.3× larger
ELF
$489.5M
$379.6M
DHC
Growing faster (revenue YoY)
ELF
ELF
+37.8% gap
ELF
37.8%
-0.0%
DHC
Higher net margin
ELF
ELF
13.6% more per $
ELF
8.0%
-5.6%
DHC
More free cash flow
ELF
ELF
$219.2M more FCF
ELF
$52.8M
$-166.4M
DHC

Income Statement — Q4 FY2025 vs Q3 FY2026

Metric
DHC
DHC
ELF
ELF
Revenue
$379.6M
$489.5M
Net Profit
$-21.2M
$39.4M
Gross Margin
71.0%
Operating Margin
-12.6%
13.8%
Net Margin
-5.6%
8.0%
Revenue YoY
-0.0%
37.8%
Net Profit YoY
75.7%
128.1%
EPS (diluted)
$-0.09
$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
DHC
DHC
ELF
ELF
Q4 25
$379.6M
$489.5M
Q3 25
$388.7M
$343.9M
Q2 25
$382.7M
$353.7M
Q1 25
$386.9M
Q4 24
$379.6M
Q3 24
$373.6M
Q2 24
$371.4M
Q1 24
$370.8M
Net Profit
DHC
DHC
ELF
ELF
Q4 25
$-21.2M
$39.4M
Q3 25
$-164.0M
$3.0M
Q2 25
$-91.6M
$33.3M
Q1 25
$-9.0M
Q4 24
$-87.4M
Q3 24
$-98.7M
Q2 24
$-97.9M
Q1 24
$-86.3M
Gross Margin
DHC
DHC
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
DHC
DHC
ELF
ELF
Q4 25
-12.6%
13.8%
Q3 25
-43.4%
2.2%
Q2 25
-24.5%
13.8%
Q1 25
-2.7%
Q4 24
-26.1%
Q3 24
-26.5%
Q2 24
-23.0%
Q1 24
-23.7%
Net Margin
DHC
DHC
ELF
ELF
Q4 25
-5.6%
8.0%
Q3 25
-42.2%
0.9%
Q2 25
-23.9%
9.4%
Q1 25
-2.3%
Q4 24
-23.0%
Q3 24
-26.4%
Q2 24
-26.3%
Q1 24
-23.3%
EPS (diluted)
DHC
DHC
ELF
ELF
Q4 25
$-0.09
$0.65
Q3 25
$-0.68
$0.05
Q2 25
$-0.38
$0.58
Q1 25
$-0.04
Q4 24
$-0.37
Q3 24
$-0.41
Q2 24
$-0.41
Q1 24
$-0.36

Balance Sheet & Financial Strength

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

Metric
DHC
DHC
ELF
ELF
Cash + ST InvestmentsLiquidity on hand
$105.4M
$196.8M
Total DebtLower is stronger
$2.4B
$816.7M
Stockholders' EquityBook value
$1.7B
$1.2B
Total Assets
$4.4B
$2.3B
Debt / EquityLower = less leverage
1.47×
0.70×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
DHC
DHC
ELF
ELF
Q4 25
$105.4M
$196.8M
Q3 25
$201.4M
$194.4M
Q2 25
$141.8M
$170.0M
Q1 25
$302.6M
Q4 24
$144.6M
Q3 24
$256.5M
Q2 24
$265.6M
Q1 24
$207.1M
Total Debt
DHC
DHC
ELF
ELF
Q4 25
$2.4B
$816.7M
Q3 25
$831.6M
Q2 25
$256.7M
Q1 25
Q4 24
$3.1B
Q3 24
Q2 24
Q1 24
Stockholders' Equity
DHC
DHC
ELF
ELF
Q4 25
$1.7B
$1.2B
Q3 25
$1.7B
$1.1B
Q2 25
$1.9B
$804.9M
Q1 25
$1.9B
Q4 24
$2.0B
Q3 24
$2.0B
Q2 24
$2.1B
Q1 24
$2.2B
Total Assets
DHC
DHC
ELF
ELF
Q4 25
$4.4B
$2.3B
Q3 25
$4.7B
$2.3B
Q2 25
$4.8B
$1.3B
Q1 25
$5.0B
Q4 24
$5.1B
Q3 24
$5.3B
Q2 24
$5.3B
Q1 24
$5.3B
Debt / Equity
DHC
DHC
ELF
ELF
Q4 25
1.47×
0.70×
Q3 25
0.73×
Q2 25
0.32×
Q1 25
Q4 24
1.56×
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
DHC
DHC
ELF
ELF
Operating Cash FlowLast quarter
$-19.6M
$59.4M
Free Cash FlowOCF − Capex
$-166.4M
$52.8M
FCF MarginFCF / Revenue
-43.8%
10.8%
Capex IntensityCapex / Revenue
38.7%
1.4%
Cash ConversionOCF / Net Profit
1.51×
TTM Free Cash FlowTrailing 4 quarters
$-280.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
DHC
DHC
ELF
ELF
Q4 25
$-19.6M
$59.4M
Q3 25
$-49.3M
$23.4M
Q2 25
$53.0M
$27.2M
Q1 25
$-3.2M
Q4 24
$112.2M
Q3 24
$21.1M
Q2 24
$44.3M
Q1 24
$28.6M
Free Cash Flow
DHC
DHC
ELF
ELF
Q4 25
$-166.4M
$52.8M
Q3 25
$-89.8M
$16.6M
Q2 25
$18.8M
$20.1M
Q1 25
$-42.9M
Q4 24
$-89.5M
Q3 24
$-26.1M
Q2 24
$3.3M
Q1 24
$-18.1M
FCF Margin
DHC
DHC
ELF
ELF
Q4 25
-43.8%
10.8%
Q3 25
-23.1%
4.8%
Q2 25
4.9%
5.7%
Q1 25
-11.1%
Q4 24
-23.6%
Q3 24
-7.0%
Q2 24
0.9%
Q1 24
-4.9%
Capex Intensity
DHC
DHC
ELF
ELF
Q4 25
38.7%
1.4%
Q3 25
10.4%
2.0%
Q2 25
8.9%
2.0%
Q1 25
10.2%
Q4 24
53.1%
Q3 24
12.6%
Q2 24
11.0%
Q1 24
12.6%
Cash Conversion
DHC
DHC
ELF
ELF
Q4 25
1.51×
Q3 25
7.82×
Q2 25
0.82×
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24

Financial Flow Comparison

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

Revenue Breakdown by Segment

DHC
DHC

Senior Housing Operating Portfolio Segment$323.4M85%
Rental Income$56.2M15%

ELF
ELF

Segment breakdown not available.

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