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Side-by-side financial comparison of Estée Lauder Companies (The) (EL) and GAP INC (GAP). Click either name above to swap in a different company.
Estée Lauder Companies (The) is the larger business by last-quarter revenue ($4.2B vs $3.9B, roughly 1.1× GAP INC). GAP INC runs the higher net margin — 6.0% vs 3.8%, a 2.2% gap on every dollar of revenue. On growth, Estée Lauder Companies (The) posted the faster year-over-year revenue change (5.6% vs 3.0%). Estée Lauder Companies (The) produced more free cash flow last quarter ($1.0B vs $153.0M). Over the past eight quarters, Estée Lauder Companies (The)'s revenue compounded faster (3.6% CAGR vs -4.2%).
Estée Lauder was an American businesswoman. She co-founded her eponymous cosmetics company with her husband, Joseph Lauter. Lauder was the only woman on Time magazine's 1998 list of the 20 most influential business geniuses of the 20th century.
The Gap, Inc., commonly known as Gap Inc., is an American multinational clothing and accessories retailer. Gap was founded in 1969 by Donald Fisher and Doris F. Fisher and is headquartered in San Francisco, California. The company operates four primary divisions: the namesake Gap, Banana Republic, Old Navy, and Athleta. Gap Inc. is one of the largest apparel retailers in the United States, and is third in total international locations, behind Inditex Group and H&M. As of early 2023, Gap emplo...
EL vs GAP — Head-to-Head
Income Statement — Q2 FY2026 vs Q3 FY2026
| Metric | | |
|---|---|---|
| Revenue | $4.2B | $3.9B |
| Net Profit | $162.0M | $236.0M |
| Gross Margin | 76.5% | 42.4% |
| Operating Margin | 9.5% | 8.5% |
| Net Margin | 3.8% | 6.0% |
| Revenue YoY | 5.6% | 3.0% |
| Net Profit YoY | 127.5% | -13.9% |
| EPS (diluted) | $0.44 | $0.62 |
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.
| Q4 25 | $4.2B | $3.9B | ||
| Q3 25 | $3.5B | $3.7B | ||
| Q2 25 | $3.4B | $3.5B | ||
| Q1 25 | $3.5B | $4.1B | ||
| Q4 24 | $4.0B | $3.8B | ||
| Q3 24 | $3.4B | $3.7B | ||
| Q2 24 | $3.9B | $3.4B | ||
| Q1 24 | $3.9B | $4.3B |
| Q4 25 | $162.0M | $236.0M | ||
| Q3 25 | $47.0M | $216.0M | ||
| Q2 25 | $-546.0M | $193.0M | ||
| Q1 25 | $159.0M | $206.0M | ||
| Q4 24 | $-590.0M | $274.0M | ||
| Q3 24 | $-156.0M | $206.0M | ||
| Q2 24 | $-286.0M | $158.0M | ||
| Q1 24 | $335.0M | $185.0M |
| Q4 25 | 76.5% | 42.4% | ||
| Q3 25 | 73.4% | 41.2% | ||
| Q2 25 | 72.0% | 41.8% | ||
| Q1 25 | 75.0% | 38.9% | ||
| Q4 24 | 76.1% | 42.7% | ||
| Q3 24 | 72.4% | 42.6% | ||
| Q2 24 | 71.8% | 41.2% | ||
| Q1 24 | 71.9% | 38.9% |
| Q4 25 | 9.5% | 8.5% | ||
| Q3 25 | 4.9% | 7.8% | ||
| Q2 25 | -11.4% | 7.5% | ||
| Q1 25 | 8.6% | 6.2% | ||
| Q4 24 | -14.5% | 9.3% | ||
| Q3 24 | -3.6% | 7.9% | ||
| Q2 24 | -6.0% | 6.1% | ||
| Q1 24 | 13.5% | 5.0% |
| Q4 25 | 3.8% | 6.0% | ||
| Q3 25 | 1.4% | 5.8% | ||
| Q2 25 | -16.0% | 5.6% | ||
| Q1 25 | 4.5% | 5.0% | ||
| Q4 24 | -14.7% | 7.2% | ||
| Q3 24 | -4.6% | 5.5% | ||
| Q2 24 | -7.4% | 4.7% | ||
| Q1 24 | 8.5% | 4.3% |
| Q4 25 | $0.44 | $0.62 | ||
| Q3 25 | $0.13 | $0.57 | ||
| Q2 25 | $-1.52 | $0.51 | ||
| Q1 25 | $0.44 | $0.53 | ||
| Q4 24 | $-1.64 | $0.72 | ||
| Q3 24 | $-0.43 | $0.54 | ||
| Q2 24 | $-0.79 | $0.41 | ||
| Q1 24 | $0.91 | $0.49 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $2.5B |
| Total DebtLower is stronger | $7.3B | — |
| Stockholders' EquityBook value | $4.0B | $3.6B |
| Total Assets | $19.6B | $12.4B |
| Debt / EquityLower = less leverage | 1.82× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $2.5B | ||
| Q3 25 | — | $2.4B | ||
| Q2 25 | — | $2.2B | ||
| Q1 25 | — | $2.6B | ||
| Q4 24 | — | $2.2B | ||
| Q3 24 | — | $2.1B | ||
| Q2 24 | — | $1.7B | ||
| Q1 24 | — | $1.9B |
| Q4 25 | $7.3B | — | ||
| Q3 25 | $7.3B | — | ||
| Q2 25 | $7.3B | — | ||
| Q1 25 | $7.3B | — | ||
| Q4 24 | $7.3B | — | ||
| Q3 24 | $7.3B | — | ||
| Q2 24 | $7.3B | — | ||
| Q1 24 | $7.3B | — |
| Q4 25 | $4.0B | $3.6B | ||
| Q3 25 | $3.9B | $3.4B | ||
| Q2 25 | $3.9B | $3.3B | ||
| Q1 25 | $4.3B | $3.3B | ||
| Q4 24 | $4.2B | $3.1B | ||
| Q3 24 | $5.1B | $2.9B | ||
| Q2 24 | $5.3B | $2.7B | ||
| Q1 24 | $5.7B | $2.6B |
| Q4 25 | $19.6B | $12.4B | ||
| Q3 25 | $19.3B | $12.1B | ||
| Q2 25 | $19.9B | $11.6B | ||
| Q1 25 | $19.9B | $11.9B | ||
| Q4 24 | $19.8B | $11.9B | ||
| Q3 24 | $21.3B | $11.5B | ||
| Q2 24 | $21.7B | $10.9B | ||
| Q1 24 | $22.7B | $11.0B |
| Q4 25 | 1.82× | — | ||
| Q3 25 | 1.88× | — | ||
| Q2 25 | 1.89× | — | ||
| Q1 25 | 1.68× | — | ||
| Q4 24 | 1.75× | — | ||
| Q3 24 | 1.44× | — | ||
| Q2 24 | 1.37× | — | ||
| Q1 24 | 1.26× | — |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $1.1B | $299.0M |
| Free Cash FlowOCF − Capex | $1.0B | $153.0M |
| FCF MarginFCF / Revenue | 24.0% | 3.9% |
| Capex IntensityCapex / Revenue | 2.6% | 3.7% |
| Cash ConversionOCF / Net Profit | 6.94× | 1.27× |
| TTM Free Cash FlowTrailing 4 quarters | $1.1B | $779.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.1B | $299.0M | ||
| Q3 25 | $-340.0M | $448.0M | ||
| Q2 25 | $601.0M | $-140.0M | ||
| Q1 25 | $284.0M | $616.0M | ||
| Q4 24 | $1.1B | $291.0M | ||
| Q3 24 | $-670.0M | $549.0M | ||
| Q2 24 | $889.0M | $30.0M | ||
| Q1 24 | $534.0M | $700.0M |
| Q4 25 | $1.0B | $153.0M | ||
| Q3 25 | $-436.0M | $350.0M | ||
| Q2 25 | $394.0M | $-223.0M | ||
| Q1 25 | $162.0M | $499.0M | ||
| Q4 24 | $925.0M | $143.0M | ||
| Q3 24 | $-811.0M | $460.0M | ||
| Q2 24 | $672.0M | $-63.0M | ||
| Q1 24 | $359.0M | $568.0M |
| Q4 25 | 24.0% | 3.9% | ||
| Q3 25 | -12.5% | 9.4% | ||
| Q2 25 | 11.6% | -6.4% | ||
| Q1 25 | 4.6% | 12.0% | ||
| Q4 24 | 23.1% | 3.7% | ||
| Q3 24 | -24.1% | 12.4% | ||
| Q2 24 | 17.4% | -1.9% | ||
| Q1 24 | 9.1% | 13.2% |
| Q4 25 | 2.6% | 3.7% | ||
| Q3 25 | 2.8% | 2.6% | ||
| Q2 25 | 6.1% | 2.4% | ||
| Q1 25 | 3.4% | 2.8% | ||
| Q4 24 | 3.3% | 3.9% | ||
| Q3 24 | 4.2% | 2.4% | ||
| Q2 24 | 5.6% | 2.7% | ||
| Q1 24 | 4.4% | 3.1% |
| Q4 25 | 6.94× | 1.27× | ||
| Q3 25 | -7.23× | 2.07× | ||
| Q2 25 | — | -0.73× | ||
| Q1 25 | 1.79× | 2.99× | ||
| Q4 24 | — | 1.06× | ||
| Q3 24 | — | 2.67× | ||
| Q2 24 | — | 0.19× | ||
| Q1 24 | 1.59× | 3.78× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
EL
| Skin Care | $2.1B | 49% |
| Makeup | $1.2B | 28% |
| Fragrance | $812.0M | 19% |
| Hair Care | $168.0M | 4% |
| Other | $31.0M | 1% |
GAP
| Other | $2.2B | 55% |
| Online Sales | $1.6B | 40% |
| CA | $191.0M | 5% |
| Other Regions | $13.0M | 0% |
