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Side-by-side financial comparison of Evolus, Inc. (EOLS) and OLAPLEX HOLDINGS, INC. (OLPX). Click either name above to swap in a different company.
OLAPLEX HOLDINGS, INC. is the larger business by last-quarter revenue ($105.1M vs $73.1M, roughly 1.4× Evolus, Inc.). OLAPLEX HOLDINGS, INC. runs the higher net margin — -12.5% vs -14.6%, a 2.1% gap on every dollar of revenue. On growth, Evolus, Inc. posted the faster year-over-year revenue change (6.7% vs 4.3%). Over the past eight quarters, Evolus, Inc.'s revenue compounded faster (4.6% CAGR vs 3.1%).
Evolus, Inc. is a medical aesthetics company focused on developing and commercializing non-surgical cosmetic treatment solutions. Its flagship product is a prescription neuromodulator designed to reduce moderate to severe glabellar frown lines, serving licensed aesthetic healthcare providers and consumers across North America, Europe, and key Asia-Pacific regional markets.
Olaplex Holdings, Inc. is a specialty beauty company developing and selling patented bond-repair hair care products. It runs three core segments: professional salon distribution, direct-to-consumer sales, and third-party retail, serving customers across North America, Europe, and Asia-Pacific with products that repair and protect damaged hair.
EOLS vs OLPX — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $73.1M | $105.1M |
| Net Profit | $-10.7M | $-13.1M |
| Gross Margin | 66.9% | 68.0% |
| Operating Margin | 23.8% | -4.3% |
| Net Margin | -14.6% | -12.5% |
| Revenue YoY | 6.7% | 4.3% |
| Net Profit YoY | — | -48.9% |
| EPS (diluted) | $-0.16 | $-0.02 |
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.
| Q1 26 | $73.1M | — | ||
| Q4 25 | $90.3M | $105.1M | ||
| Q3 25 | $69.0M | $114.6M | ||
| Q2 25 | $69.4M | $106.3M | ||
| Q1 25 | $68.5M | $97.0M | ||
| Q4 24 | $78.9M | $100.7M | ||
| Q3 24 | $61.1M | $119.1M | ||
| Q2 24 | $66.9M | $103.9M |
| Q1 26 | $-10.7M | — | ||
| Q4 25 | $130.0K | $-13.1M | ||
| Q3 25 | $-15.7M | $11.1M | ||
| Q2 25 | $-17.1M | $-7.7M | ||
| Q1 25 | $-18.9M | $465.0K | ||
| Q4 24 | $-6.8M | $-8.8M | ||
| Q3 24 | $-19.2M | $14.8M | ||
| Q2 24 | $-11.3M | $5.8M |
| Q1 26 | 66.9% | — | ||
| Q4 25 | 65.7% | 68.0% | ||
| Q3 25 | 66.5% | 69.1% | ||
| Q2 25 | 65.3% | 71.2% | ||
| Q1 25 | 68.1% | 69.5% | ||
| Q4 24 | 66.7% | 66.3% | ||
| Q3 24 | 68.9% | 68.6% | ||
| Q2 24 | 70.3% | 69.7% |
| Q1 26 | 23.8% | — | ||
| Q4 25 | 4.7% | -4.3% | ||
| Q3 25 | -16.7% | 3.7% | ||
| Q2 25 | -14.7% | -1.1% | ||
| Q1 25 | -22.1% | 8.7% | ||
| Q4 24 | -2.9% | 3.0% | ||
| Q3 24 | -25.3% | 23.5% | ||
| Q2 24 | -11.5% | 15.7% |
| Q1 26 | -14.6% | — | ||
| Q4 25 | 0.1% | -12.5% | ||
| Q3 25 | -22.8% | 9.7% | ||
| Q2 25 | -24.7% | -7.3% | ||
| Q1 25 | -27.6% | 0.5% | ||
| Q4 24 | -8.6% | -8.7% | ||
| Q3 24 | -31.4% | 12.4% | ||
| Q2 24 | -17.0% | 5.6% |
| Q1 26 | $-0.16 | — | ||
| Q4 25 | $0.01 | $-0.02 | ||
| Q3 25 | $-0.24 | $0.02 | ||
| Q2 25 | $-0.27 | $-0.01 | ||
| Q1 25 | $-0.30 | $0.00 | ||
| Q4 24 | $-0.11 | $-0.01 | ||
| Q3 24 | $-0.30 | $0.02 | ||
| Q2 24 | $-0.18 | $0.01 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $49.8M | $318.7M |
| Total DebtLower is stronger | $156.4M | $352.3M |
| Stockholders' EquityBook value | — | $879.4M |
| Total Assets | $220.6M | $1.5B |
| Debt / EquityLower = less leverage | — | 0.40× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $49.8M | — | ||
| Q4 25 | $53.8M | $318.7M | ||
| Q3 25 | $43.5M | $286.4M | ||
| Q2 25 | $61.7M | $289.3M | ||
| Q1 25 | $67.9M | $580.9M | ||
| Q4 24 | $87.0M | $586.0M | ||
| Q3 24 | $85.0M | $538.8M | ||
| Q2 24 | $93.7M | $507.9M |
| Q1 26 | $156.4M | — | ||
| Q4 25 | $146.1M | $352.3M | ||
| Q3 25 | — | $352.1M | ||
| Q2 25 | — | $351.9M | ||
| Q1 25 | $121.8M | $649.1M | ||
| Q4 24 | $121.5M | $650.5M | ||
| Q3 24 | $121.2M | $651.8M | ||
| Q2 24 | $120.9M | $653.1M |
| Q1 26 | — | — | ||
| Q4 25 | $-23.1M | $879.4M | ||
| Q3 25 | $-28.8M | $888.7M | ||
| Q2 25 | $-18.7M | $874.2M | ||
| Q1 25 | $-6.6M | $878.3M | ||
| Q4 24 | $5.5M | $874.4M | ||
| Q3 24 | $5.9M | $879.7M | ||
| Q2 24 | $19.3M | $863.3M |
| Q1 26 | $220.6M | — | ||
| Q4 25 | $225.9M | $1.5B | ||
| Q3 25 | $219.0M | $1.5B | ||
| Q2 25 | $228.8M | $1.5B | ||
| Q1 25 | $213.4M | $1.8B | ||
| Q4 24 | $232.6M | $1.8B | ||
| Q3 24 | $229.6M | $1.8B | ||
| Q2 24 | $233.8M | $1.8B |
| Q1 26 | — | — | ||
| Q4 25 | — | 0.40× | ||
| Q3 25 | — | 0.40× | ||
| Q2 25 | — | 0.40× | ||
| Q1 25 | — | 0.74× | ||
| Q4 24 | 22.00× | 0.74× | ||
| Q3 24 | 20.58× | 0.74× | ||
| Q2 24 | 6.26× | 0.76× |
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 | — | $32.7M |
| Free Cash FlowOCF − Capex | — | $32.6M |
| FCF MarginFCF / Revenue | — | 31.0% |
| Capex IntensityCapex / Revenue | — | 0.1% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $58.3M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $12.8M | $32.7M | ||
| Q3 25 | $-14.7M | $8.0M | ||
| Q2 25 | $-24.8M | $20.9M | ||
| Q1 25 | $-15.6M | $-2.9M | ||
| Q4 24 | $4.8M | $49.7M | ||
| Q3 24 | $-5.7M | $33.5M | ||
| Q2 24 | $-6.5M | $16.2M |
| Q1 26 | — | — | ||
| Q4 25 | $11.3M | $32.6M | ||
| Q3 25 | $-15.6M | $7.9M | ||
| Q2 25 | $-25.5M | $20.8M | ||
| Q1 25 | $-16.0M | $-3.0M | ||
| Q4 24 | $4.4M | $49.2M | ||
| Q3 24 | $-6.0M | $33.3M | ||
| Q2 24 | $-6.9M | $16.1M |
| Q1 26 | — | — | ||
| Q4 25 | 12.6% | 31.0% | ||
| Q3 25 | -22.7% | 6.9% | ||
| Q2 25 | -36.7% | 19.6% | ||
| Q1 25 | -23.3% | -3.1% | ||
| Q4 24 | 5.5% | 48.9% | ||
| Q3 24 | -9.9% | 28.0% | ||
| Q2 24 | -10.4% | 15.5% |
| Q1 26 | — | — | ||
| Q4 25 | 1.6% | 0.1% | ||
| Q3 25 | 1.4% | 0.1% | ||
| Q2 25 | 1.0% | 0.1% | ||
| Q1 25 | 0.5% | 0.0% | ||
| Q4 24 | 0.6% | 0.4% | ||
| Q3 24 | 0.5% | 0.1% | ||
| Q2 24 | 0.7% | 0.1% |
| Q1 26 | — | — | ||
| Q4 25 | 98.67× | — | ||
| Q3 25 | — | 0.72× | ||
| Q2 25 | — | — | ||
| Q1 25 | — | -6.27× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 2.26× | ||
| Q2 24 | — | 2.81× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
EOLS
| Product revenue, net | $72.7M | 99% |
| Service revenue | $390.0K | 1% |
OLPX
| Sales Channel Directly To Consumer | $43.6M | 42% |
| Sales Channel Through Intermediary Professional | $36.8M | 35% |
| Sales Channel Through Intermediary Specialty Retail | $24.7M | 23% |
