vs

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

TXNM ENERGY INC is the larger business by last-quarter revenue ($506.4M vs $489.5M, roughly 1.0× e.l.f. Beauty, Inc.). e.l.f. Beauty, Inc. runs the higher net margin — 8.0% vs -1.0%, a 9.1% gap on every dollar of revenue. On growth, e.l.f. Beauty, Inc. posted the faster year-over-year revenue change (37.8% vs 5.3%). e.l.f. Beauty, Inc. produced more free cash flow last quarter ($52.8M vs $-152.1M).

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...

TXNM Energy, Inc. is an energy holding company based in Albuquerque, New Mexico. TXNM was founded in 1917 as the Albuquerque Gas and Electric Company. TXNM Energy owns both PNM and Texas - New Mexico Power (TNMP)

ELF vs TXNM — Head-to-Head

Bigger by revenue
TXNM
TXNM
1.0× larger
TXNM
$506.4M
$489.5M
ELF
Growing faster (revenue YoY)
ELF
ELF
+32.5% gap
ELF
37.8%
5.3%
TXNM
Higher net margin
ELF
ELF
9.1% more per $
ELF
8.0%
-1.0%
TXNM
More free cash flow
ELF
ELF
$204.9M more FCF
ELF
$52.8M
$-152.1M
TXNM

Income Statement — Q3 FY2026 vs Q4 FY2025

Metric
ELF
ELF
TXNM
TXNM
Revenue
$489.5M
$506.4M
Net Profit
$39.4M
$-5.3M
Gross Margin
71.0%
Operating Margin
13.8%
18.5%
Net Margin
8.0%
-1.0%
Revenue YoY
37.8%
5.3%
Net Profit YoY
128.1%
-126.4%
EPS (diluted)
$0.65
$-0.06

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
TXNM
TXNM
Q4 25
$489.5M
$506.4M
Q3 25
$343.9M
$656.3M
Q2 25
$353.7M
$493.8M
Q1 25
$480.4M
Q4 24
$481.0M
Q3 24
$574.3M
Q2 24
$473.2M
Q1 24
$431.1M
Net Profit
ELF
ELF
TXNM
TXNM
Q4 25
$39.4M
$-5.3M
Q3 25
$3.0M
$136.3M
Q2 25
$33.3M
$26.0M
Q1 25
$12.8M
Q4 24
$20.0M
Q3 24
$136.4M
Q2 24
$52.0M
Q1 24
$50.4M
Gross Margin
ELF
ELF
TXNM
TXNM
Q4 25
71.0%
Q3 25
69.4%
Q2 25
69.1%
Q1 25
Q4 24
Q3 24
51.8%
Q2 24
41.9%
Q1 24
40.8%
Operating Margin
ELF
ELF
TXNM
TXNM
Q4 25
13.8%
18.5%
Q3 25
2.2%
30.9%
Q2 25
13.8%
14.7%
Q1 25
15.0%
Q4 24
15.8%
Q3 24
33.3%
Q2 24
22.3%
Q1 24
18.7%
Net Margin
ELF
ELF
TXNM
TXNM
Q4 25
8.0%
-1.0%
Q3 25
0.9%
20.8%
Q2 25
9.4%
5.3%
Q1 25
2.7%
Q4 24
4.2%
Q3 24
23.7%
Q2 24
11.0%
Q1 24
11.7%
EPS (diluted)
ELF
ELF
TXNM
TXNM
Q4 25
$0.65
$-0.06
Q3 25
$0.05
$1.22
Q2 25
$0.58
$0.22
Q1 25
$0.10
Q4 24
$0.17
Q3 24
$1.45
Q2 24
$0.53
Q1 24
$0.52

Balance Sheet & Financial Strength

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

Metric
ELF
ELF
TXNM
TXNM
Cash + ST InvestmentsLiquidity on hand
$196.8M
$18.3M
Total DebtLower is stronger
$816.7M
Stockholders' EquityBook value
$1.2B
$3.4B
Total Assets
$2.3B
$12.1B
Debt / EquityLower = less leverage
0.70×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ELF
ELF
TXNM
TXNM
Q4 25
$196.8M
$18.3M
Q3 25
$194.4M
$32.1M
Q2 25
$170.0M
$22.2M
Q1 25
$6.1M
Q4 24
$4.5M
Q3 24
$7.2M
Q2 24
$3.2M
Q1 24
$3.0M
Total Debt
ELF
ELF
TXNM
TXNM
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
TXNM
TXNM
Q4 25
$1.2B
$3.4B
Q3 25
$1.1B
$3.4B
Q2 25
$804.9M
$3.2B
Q1 25
$2.5B
Q4 24
$2.5B
Q3 24
$2.5B
Q2 24
$2.4B
Q1 24
$2.4B
Total Assets
ELF
ELF
TXNM
TXNM
Q4 25
$2.3B
$12.1B
Q3 25
$2.3B
$12.0B
Q2 25
$1.3B
$11.7B
Q1 25
$11.4B
Q4 24
$11.2B
Q3 24
$10.8B
Q2 24
$10.6B
Q1 24
$10.3B
Debt / Equity
ELF
ELF
TXNM
TXNM
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
TXNM
TXNM
Operating Cash FlowLast quarter
$59.4M
$157.7M
Free Cash FlowOCF − Capex
$52.8M
$-152.1M
FCF MarginFCF / Revenue
10.8%
-30.0%
Capex IntensityCapex / Revenue
1.4%
61.2%
Cash ConversionOCF / Net Profit
1.51×
TTM Free Cash FlowTrailing 4 quarters
$-611.4M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ELF
ELF
TXNM
TXNM
Q4 25
$59.4M
$157.7M
Q3 25
$23.4M
$282.0M
Q2 25
$27.2M
$3.5M
Q1 25
$141.3M
Q4 24
$158.6M
Q3 24
$180.0M
Q2 24
$76.7M
Q1 24
$92.8M
Free Cash Flow
ELF
ELF
TXNM
TXNM
Q4 25
$52.8M
$-152.1M
Q3 25
$16.6M
$4.7M
Q2 25
$20.1M
$-262.6M
Q1 25
$-201.4M
Q4 24
$-182.9M
Q3 24
$-143.7M
Q2 24
$-216.0M
Q1 24
$-196.3M
FCF Margin
ELF
ELF
TXNM
TXNM
Q4 25
10.8%
-30.0%
Q3 25
4.8%
0.7%
Q2 25
5.7%
-53.2%
Q1 25
-41.9%
Q4 24
-38.0%
Q3 24
-25.0%
Q2 24
-45.6%
Q1 24
-45.5%
Capex Intensity
ELF
ELF
TXNM
TXNM
Q4 25
1.4%
61.2%
Q3 25
2.0%
42.3%
Q2 25
2.0%
53.9%
Q1 25
71.3%
Q4 24
71.0%
Q3 24
56.4%
Q2 24
61.9%
Q1 24
67.1%
Cash Conversion
ELF
ELF
TXNM
TXNM
Q4 25
1.51×
Q3 25
7.82×
2.07×
Q2 25
0.82×
0.14×
Q1 25
11.04×
Q4 24
7.93×
Q3 24
1.32×
Q2 24
1.48×
Q1 24
1.84×

Financial Flow Comparison

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

Revenue Breakdown by Segment

ELF
ELF

Segment breakdown not available.

TXNM
TXNM

Electricity$348.8M69%
Other$89.3M18%
Electric Transmission Service$40.4M8%
Wholesale Energy Sales$26.2M5%
Miscellaneous Revenue From Contracts With Customers$1.7M0%

Related Comparisons