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Side-by-side financial comparison of e.l.f. Beauty, Inc. (ELF) and FIRST INTERSTATE BANCSYSTEM INC (FIBK). 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 $313.0M, roughly 1.6× FIRST INTERSTATE BANCSYSTEM INC). FIRST INTERSTATE BANCSYSTEM INC runs the higher net margin — 34.8% vs 8.0%, a 26.7% gap on every dollar of revenue. On growth, e.l.f. Beauty, Inc. posted the faster year-over-year revenue change (37.8% vs 19.8%).

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...

First Interstate BancSystem, Inc. is a financial holding company headquartered in Billings, Montana. It is the parent company of First Interstate Bank, a community bank with locations throughout 14 states within the Western and Midwestern United States. It is the largest bank based in Montana, as measured by total assets.

ELF vs FIBK — Head-to-Head

Bigger by revenue
ELF
ELF
1.6× larger
ELF
$489.5M
$313.0M
FIBK
Growing faster (revenue YoY)
ELF
ELF
+18.0% gap
ELF
37.8%
19.8%
FIBK
Higher net margin
FIBK
FIBK
26.7% more per $
FIBK
34.8%
8.0%
ELF

Income Statement — Q3 FY2026 vs Q4 FY2025

Metric
ELF
ELF
FIBK
FIBK
Revenue
$489.5M
$313.0M
Net Profit
$39.4M
$108.8M
Gross Margin
71.0%
Operating Margin
13.8%
44.5%
Net Margin
8.0%
34.8%
Revenue YoY
37.8%
19.8%
Net Profit YoY
128.1%
108.8%
EPS (diluted)
$0.65
$1.07

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
ELF
ELF
FIBK
FIBK
Q4 25
$489.5M
$313.0M
Q3 25
$343.9M
$250.5M
Q2 25
$353.7M
$248.3M
Q1 25
$247.0M
Q4 24
$261.3M
Q3 24
$251.9M
Q2 24
$244.3M
Q1 24
$242.2M
Net Profit
ELF
ELF
FIBK
FIBK
Q4 25
$39.4M
$108.8M
Q3 25
$3.0M
$71.4M
Q2 25
$33.3M
$71.7M
Q1 25
$50.2M
Q4 24
$52.1M
Q3 24
$55.5M
Q2 24
$60.0M
Q1 24
$58.4M
Gross Margin
ELF
ELF
FIBK
FIBK
Q4 25
71.0%
Q3 25
69.4%
Q2 25
69.1%
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
Operating Margin
ELF
ELF
FIBK
FIBK
Q4 25
13.8%
44.5%
Q3 25
2.2%
37.0%
Q2 25
13.8%
37.7%
Q1 25
26.9%
Q4 24
25.5%
Q3 24
28.9%
Q2 24
32.1%
Q1 24
31.7%
Net Margin
ELF
ELF
FIBK
FIBK
Q4 25
8.0%
34.8%
Q3 25
0.9%
28.5%
Q2 25
9.4%
28.9%
Q1 25
20.3%
Q4 24
19.9%
Q3 24
22.0%
Q2 24
24.6%
Q1 24
24.1%
EPS (diluted)
ELF
ELF
FIBK
FIBK
Q4 25
$0.65
$1.07
Q3 25
$0.05
$0.69
Q2 25
$0.58
$0.69
Q1 25
$0.49
Q4 24
$0.50
Q3 24
$0.54
Q2 24
$0.58
Q1 24
$0.57

Balance Sheet & Financial Strength

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

Metric
ELF
ELF
FIBK
FIBK
Cash + ST InvestmentsLiquidity on hand
$196.8M
Total DebtLower is stronger
$816.7M
$146.3M
Stockholders' EquityBook value
$1.2B
$3.4B
Total Assets
$2.3B
$26.6B
Debt / EquityLower = less leverage
0.70×
0.04×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ELF
ELF
FIBK
FIBK
Q4 25
$196.8M
Q3 25
$194.4M
Q2 25
$170.0M
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
Total Debt
ELF
ELF
FIBK
FIBK
Q4 25
$816.7M
$146.3M
Q3 25
$831.6M
$146.2M
Q2 25
$256.7M
$252.0M
Q1 25
Q4 24
$132.2M
Q3 24
$137.3M
Q2 24
$383.4M
Q1 24
$370.8M
Stockholders' Equity
ELF
ELF
FIBK
FIBK
Q4 25
$1.2B
$3.4B
Q3 25
$1.1B
$3.4B
Q2 25
$804.9M
$3.4B
Q1 25
$3.4B
Q4 24
$3.3B
Q3 24
$3.4B
Q2 24
$3.2B
Q1 24
$3.2B
Total Assets
ELF
ELF
FIBK
FIBK
Q4 25
$2.3B
$26.6B
Q3 25
$2.3B
$27.3B
Q2 25
$1.3B
$27.6B
Q1 25
$28.3B
Q4 24
$29.1B
Q3 24
$29.6B
Q2 24
$30.3B
Q1 24
$30.1B
Debt / Equity
ELF
ELF
FIBK
FIBK
Q4 25
0.70×
0.04×
Q3 25
0.73×
0.04×
Q2 25
0.32×
0.07×
Q1 25
Q4 24
0.04×
Q3 24
0.04×
Q2 24
0.12×
Q1 24
0.12×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
ELF
ELF
FIBK
FIBK
Operating Cash FlowLast quarter
$59.4M
$305.6M
Free Cash FlowOCF − Capex
$52.8M
FCF MarginFCF / Revenue
10.8%
Capex IntensityCapex / Revenue
1.4%
Cash ConversionOCF / Net Profit
1.51×
2.81×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ELF
ELF
FIBK
FIBK
Q4 25
$59.4M
$305.6M
Q3 25
$23.4M
$91.7M
Q2 25
$27.2M
$68.1M
Q1 25
$78.5M
Q4 24
$355.0M
Q3 24
$89.9M
Q2 24
$82.3M
Q1 24
$87.6M
Free Cash Flow
ELF
ELF
FIBK
FIBK
Q4 25
$52.8M
Q3 25
$16.6M
Q2 25
$20.1M
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
FCF Margin
ELF
ELF
FIBK
FIBK
Q4 25
10.8%
Q3 25
4.8%
Q2 25
5.7%
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
Capex Intensity
ELF
ELF
FIBK
FIBK
Q4 25
1.4%
Q3 25
2.0%
Q2 25
2.0%
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
Cash Conversion
ELF
ELF
FIBK
FIBK
Q4 25
1.51×
2.81×
Q3 25
7.82×
1.28×
Q2 25
0.82×
0.95×
Q1 25
1.56×
Q4 24
6.81×
Q3 24
1.62×
Q2 24
1.37×
Q1 24
1.50×

Financial Flow Comparison

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

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