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

SPIRE INC is the larger business by last-quarter revenue ($762.2M vs $489.5M, roughly 1.6× e.l.f. Beauty, Inc.). SPIRE INC runs the higher net margin — 12.5% vs 8.0%, a 4.4% gap on every dollar of revenue. On growth, e.l.f. Beauty, Inc. posted the faster year-over-year revenue change (37.8% vs 13.9%). e.l.f. Beauty, Inc. produced more free cash flow last quarter ($52.8M vs $-121.8M).

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...

Spire Inc. is a regional public utility holding company based in St. Louis, Missouri, providing natural gas service through its regulated core utility operations while engaging in non-regulated activities that provide business opportunities. Its primary subsidiary Laclede Gas Company is the largest natural gas distribution utility in Missouri, serving approximately 631,000 residential, commercial and industrial customers in the City of St. Louis and ten counties in eastern Missouri. Its corpo...

ELF vs SR — Head-to-Head

Bigger by revenue
SR
SR
1.6× larger
SR
$762.2M
$489.5M
ELF
Growing faster (revenue YoY)
ELF
ELF
+23.9% gap
ELF
37.8%
13.9%
SR
Higher net margin
SR
SR
4.4% more per $
SR
12.5%
8.0%
ELF
More free cash flow
ELF
ELF
$174.6M more FCF
ELF
$52.8M
$-121.8M
SR

Income Statement — Q3 FY2026 vs Q1 FY2026

Metric
ELF
ELF
SR
SR
Revenue
$489.5M
$762.2M
Net Profit
$39.4M
$95.0M
Gross Margin
71.0%
55.1%
Operating Margin
13.8%
22.8%
Net Margin
8.0%
12.5%
Revenue YoY
37.8%
13.9%
Net Profit YoY
128.1%
16.9%
EPS (diluted)
$0.65
$1.54

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
SR
SR
Q4 25
$489.5M
$762.2M
Q3 25
$343.9M
$334.1M
Q2 25
$353.7M
$421.9M
Q1 25
$1.1B
Q4 24
$669.1M
Q3 24
$293.8M
Q2 24
$414.1M
Q1 24
$1.1B
Net Profit
ELF
ELF
SR
SR
Q4 25
$39.4M
$95.0M
Q3 25
$3.0M
$-39.8M
Q2 25
$33.3M
$20.9M
Q1 25
$209.3M
Q4 24
$81.3M
Q3 24
$-25.9M
Q2 24
$-12.6M
Q1 24
$204.3M
Gross Margin
ELF
ELF
SR
SR
Q4 25
71.0%
55.1%
Q3 25
69.4%
Q2 25
69.1%
Q1 25
Q4 24
55.6%
Q3 24
Q2 24
Q1 24
Operating Margin
ELF
ELF
SR
SR
Q4 25
13.8%
22.8%
Q3 25
2.2%
-0.1%
Q2 25
13.8%
16.4%
Q1 25
29.1%
Q4 24
22.2%
Q3 24
6.7%
Q2 24
7.4%
Q1 24
26.5%
Net Margin
ELF
ELF
SR
SR
Q4 25
8.0%
12.5%
Q3 25
0.9%
-11.9%
Q2 25
9.4%
5.0%
Q1 25
19.9%
Q4 24
12.2%
Q3 24
-8.8%
Q2 24
-3.0%
Q1 24
18.1%
EPS (diluted)
ELF
ELF
SR
SR
Q4 25
$0.65
$1.54
Q3 25
$0.05
$-0.77
Q2 25
$0.58
$0.29
Q1 25
$3.51
Q4 24
$1.34
Q3 24
$-0.63
Q2 24
$-0.28
Q1 24
$3.58

Balance Sheet & Financial Strength

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

Metric
ELF
ELF
SR
SR
Cash + ST InvestmentsLiquidity on hand
$196.8M
$4.1M
Total DebtLower is stronger
$816.7M
Stockholders' EquityBook value
$1.2B
$3.4B
Total Assets
$2.3B
$11.9B
Debt / EquityLower = less leverage
0.70×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ELF
ELF
SR
SR
Q4 25
$196.8M
$4.1M
Q3 25
$194.4M
$5.7M
Q2 25
$170.0M
$13.1M
Q1 25
$15.2M
Q4 24
$11.5M
Q3 24
$4.5M
Q2 24
$7.4M
Q1 24
$25.6M
Total Debt
ELF
ELF
SR
SR
Q4 25
$816.7M
Q3 25
$831.6M
Q2 25
$256.7M
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
Stockholders' Equity
ELF
ELF
SR
SR
Q4 25
$1.2B
$3.4B
Q3 25
$1.1B
$3.4B
Q2 25
$804.9M
$3.5B
Q1 25
$3.5B
Q4 24
$3.3B
Q3 24
$3.2B
Q2 24
$3.3B
Q1 24
$3.4B
Total Assets
ELF
ELF
SR
SR
Q4 25
$2.3B
$11.9B
Q3 25
$2.3B
$11.6B
Q2 25
$1.3B
$11.4B
Q1 25
$11.3B
Q4 24
$11.3B
Q3 24
$10.9B
Q2 24
$10.7B
Q1 24
$10.7B
Debt / Equity
ELF
ELF
SR
SR
Q4 25
0.70×
Q3 25
0.73×
Q2 25
0.32×
Q1 25
Q4 24
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
ELF
ELF
SR
SR
Operating Cash FlowLast quarter
$59.4M
$81.0M
Free Cash FlowOCF − Capex
$52.8M
$-121.8M
FCF MarginFCF / Revenue
10.8%
-16.0%
Capex IntensityCapex / Revenue
1.4%
26.6%
Cash ConversionOCF / Net Profit
1.51×
0.85×
TTM Free Cash FlowTrailing 4 quarters
$-286.7M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ELF
ELF
SR
SR
Q4 25
$59.4M
$81.0M
Q3 25
$23.4M
$-4.9M
Q2 25
$27.2M
$129.1M
Q1 25
$372.7M
Q4 24
$81.1M
Q3 24
$82.9M
Q2 24
$270.1M
Q1 24
$489.4M
Free Cash Flow
ELF
ELF
SR
SR
Q4 25
$52.8M
$-121.8M
Q3 25
$16.6M
$-227.6M
Q2 25
$20.1M
$-91.4M
Q1 25
$154.1M
Q4 24
$-179.5M
Q3 24
$-146.9M
Q2 24
$47.9M
Q1 24
$306.6M
FCF Margin
ELF
ELF
SR
SR
Q4 25
10.8%
-16.0%
Q3 25
4.8%
-68.1%
Q2 25
5.7%
-21.7%
Q1 25
14.7%
Q4 24
-26.8%
Q3 24
-50.0%
Q2 24
11.6%
Q1 24
27.2%
Capex Intensity
ELF
ELF
SR
SR
Q4 25
1.4%
26.6%
Q3 25
2.0%
66.7%
Q2 25
2.0%
52.3%
Q1 25
20.8%
Q4 24
38.9%
Q3 24
78.2%
Q2 24
53.7%
Q1 24
16.2%
Cash Conversion
ELF
ELF
SR
SR
Q4 25
1.51×
0.85×
Q3 25
7.82×
Q2 25
0.82×
6.18×
Q1 25
1.78×
Q4 24
1.00×
Q3 24
Q2 24
Q1 24
2.40×

Financial Flow Comparison

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

Revenue Breakdown by Segment

ELF
ELF

Segment breakdown not available.

SR
SR

Residential$474.9M62%
Commercial And Industrial$148.4M19%
Gas Marketing$41.1M5%
Midstream$39.0M5%
Transportation$37.1M5%
Offsystem And Other Inventive$19.7M3%
Other Customer Revenue$4.6M1%

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