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

IDEX Corporation is the larger business by last-quarter revenue ($899.1M vs $489.5M, roughly 1.8× e.l.f. Beauty, Inc.). IDEX Corporation runs the higher net margin — 14.3% vs 8.0%, a 6.2% gap on every dollar of revenue. On growth, IDEX Corporation posted the faster year-over-year revenue change (376.5% vs 37.8%). IDEX Corporation produced more free cash flow last quarter ($189.8M vs $52.8M).

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...

IDEX can refer to several things, including:International Defence Exhibition, a biennial arms and defense technology sales exhibition IDEX Corporation, a publicly listed company that makes fluidics systems and specialty engineered products Ideanomics, a publicly traded company that trades under the IDEX ticker symbol.

ELF vs IEX — Head-to-Head

Bigger by revenue
IEX
IEX
1.8× larger
IEX
$899.1M
$489.5M
ELF
Growing faster (revenue YoY)
IEX
IEX
+338.7% gap
IEX
376.5%
37.8%
ELF
Higher net margin
IEX
IEX
6.2% more per $
IEX
14.3%
8.0%
ELF
More free cash flow
IEX
IEX
$137.0M more FCF
IEX
$189.8M
$52.8M
ELF

Income Statement — Q3 FY2026 vs Q1 FY2026

Metric
ELF
ELF
IEX
IEX
Revenue
$489.5M
$899.1M
Net Profit
$39.4M
$128.3M
Gross Margin
71.0%
43.1%
Operating Margin
13.8%
20.4%
Net Margin
8.0%
14.3%
Revenue YoY
37.8%
376.5%
Net Profit YoY
128.1%
688.5%
EPS (diluted)
$0.65
$1.71

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
IEX
IEX
Q1 26
$899.1M
Q4 25
$489.5M
$899.1M
Q3 25
$343.9M
$878.7M
Q2 25
$353.7M
$865.4M
Q1 25
$814.3M
Q4 24
$862.9M
Q3 24
$798.2M
Q2 24
$807.2M
Net Profit
ELF
ELF
IEX
IEX
Q1 26
$128.3M
Q4 25
$39.4M
$128.3M
Q3 25
$3.0M
$127.8M
Q2 25
$33.3M
$131.6M
Q1 25
$95.5M
Q4 24
$123.2M
Q3 24
$119.1M
Q2 24
$141.3M
Gross Margin
ELF
ELF
IEX
IEX
Q1 26
43.1%
Q4 25
71.0%
43.1%
Q3 25
69.4%
44.5%
Q2 25
69.1%
45.3%
Q1 25
45.3%
Q4 24
42.5%
Q3 24
44.3%
Q2 24
45.4%
Operating Margin
ELF
ELF
IEX
IEX
Q1 26
20.4%
Q4 25
13.8%
20.4%
Q3 25
2.2%
21.1%
Q2 25
13.8%
21.7%
Q1 25
17.4%
Q4 24
19.2%
Q3 24
21.0%
Q2 24
22.6%
Net Margin
ELF
ELF
IEX
IEX
Q1 26
14.3%
Q4 25
8.0%
14.3%
Q3 25
0.9%
14.5%
Q2 25
9.4%
15.2%
Q1 25
11.7%
Q4 24
14.3%
Q3 24
14.9%
Q2 24
17.5%
EPS (diluted)
ELF
ELF
IEX
IEX
Q1 26
$1.71
Q4 25
$0.65
$1.71
Q3 25
$0.05
$1.70
Q2 25
$0.58
$1.74
Q1 25
$1.26
Q4 24
$1.61
Q3 24
$1.57
Q2 24
$1.86

Balance Sheet & Financial Strength

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

Metric
ELF
ELF
IEX
IEX
Cash + ST InvestmentsLiquidity on hand
$196.8M
$580.0M
Total DebtLower is stronger
$816.7M
Stockholders' EquityBook value
$1.2B
$4.0B
Total Assets
$2.3B
$6.9B
Debt / EquityLower = less leverage
0.70×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ELF
ELF
IEX
IEX
Q1 26
$580.0M
Q4 25
$196.8M
$580.0M
Q3 25
$194.4M
$593.8M
Q2 25
$170.0M
$568.2M
Q1 25
$594.1M
Q4 24
$620.8M
Q3 24
$633.2M
Q2 24
$700.7M
Total Debt
ELF
ELF
IEX
IEX
Q1 26
Q4 25
$816.7M
$1.8B
Q3 25
$831.6M
$1.9B
Q2 25
$256.7M
$1.9B
Q1 25
$2.0B
Q4 24
$2.0B
Q3 24
$2.1B
Q2 24
$1.3B
Stockholders' Equity
ELF
ELF
IEX
IEX
Q1 26
$4.0B
Q4 25
$1.2B
$4.0B
Q3 25
$1.1B
$4.0B
Q2 25
$804.9M
$4.0B
Q1 25
$3.9B
Q4 24
$3.8B
Q3 24
$3.8B
Q2 24
$3.7B
Total Assets
ELF
ELF
IEX
IEX
Q1 26
$6.9B
Q4 25
$2.3B
$6.9B
Q3 25
$2.3B
$7.0B
Q2 25
$1.3B
$6.9B
Q1 25
$6.8B
Q4 24
$6.7B
Q3 24
$7.0B
Q2 24
$5.9B
Debt / Equity
ELF
ELF
IEX
IEX
Q1 26
Q4 25
0.70×
0.45×
Q3 25
0.73×
0.48×
Q2 25
0.32×
0.46×
Q1 25
0.50×
Q4 24
0.52×
Q3 24
0.55×
Q2 24
0.36×

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
IEX
IEX
Operating Cash FlowLast quarter
$59.4M
Free Cash FlowOCF − Capex
$52.8M
$189.8M
FCF MarginFCF / Revenue
10.8%
21.1%
Capex IntensityCapex / Revenue
1.4%
7.1%
Cash ConversionOCF / Net Profit
1.51×
TTM Free Cash FlowTrailing 4 quarters
$715.2M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ELF
ELF
IEX
IEX
Q1 26
Q4 25
$59.4M
$209.5M
Q3 25
$23.4M
$203.5M
Q2 25
$27.2M
$161.7M
Q1 25
$105.7M
Q4 24
$172.6M
Q3 24
$205.3M
Q2 24
$133.6M
Free Cash Flow
ELF
ELF
IEX
IEX
Q1 26
$189.8M
Q4 25
$52.8M
$189.8M
Q3 25
$16.6M
$188.7M
Q2 25
$20.1M
$146.9M
Q1 25
$91.4M
Q4 24
$157.1M
Q3 24
$191.6M
Q2 24
$117.7M
FCF Margin
ELF
ELF
IEX
IEX
Q1 26
21.1%
Q4 25
10.8%
21.1%
Q3 25
4.8%
21.5%
Q2 25
5.7%
17.0%
Q1 25
11.2%
Q4 24
18.2%
Q3 24
24.0%
Q2 24
14.6%
Capex Intensity
ELF
ELF
IEX
IEX
Q1 26
7.1%
Q4 25
1.4%
2.2%
Q3 25
2.0%
1.7%
Q2 25
2.0%
1.7%
Q1 25
1.8%
Q4 24
1.8%
Q3 24
1.7%
Q2 24
2.0%
Cash Conversion
ELF
ELF
IEX
IEX
Q1 26
Q4 25
1.51×
1.63×
Q3 25
7.82×
1.59×
Q2 25
0.82×
1.23×
Q1 25
1.11×
Q4 24
1.40×
Q3 24
1.72×
Q2 24
0.95×

Financial Flow Comparison

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

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