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e.l.f. Beauty vs Kenvue: revenue, profit, margins and growth compared

e.l.f. Beauty brought in $1.6B of revenue in fiscal 2026, Kenvue $15.1B in fiscal 2025. Revenue changed by +24.6% at e.l.f. Beauty and -2.1% at Kenvue on the year before, so e.l.f. Beauty grew faster. e.l.f. Beauty kept 1.6% of its revenue as net profit, Kenvue 9.7%. Free cash flow was $190.1M at e.l.f. Beauty and $1.7B at Kenvue.

Side by side, latest fiscal year

ELFKVUE
Fiscal year endedFY2026 (March 31, 2026)FY2025 (December 28, 2025)
Revenue$1.6B$15.1B
Revenue growth+24.6%-2.1%
Net income$26.3M$1.5B
Net margin1.6%9.7%
Free cash flow$190.1M$1.7B
Free cash flow margin11.6%11.4%
Earnings per share (diluted)$0.44$0.76
Cash$289.7M$1.1B
Debt$841.7M$750M
Price to earnings226.223.4
Market value$5.9B$34.2B
Dividend yieldn/a4.63%
Rank by revenue in sector#387 of 778 · Consumer discretionary#87 of 778 · Consumer discretionary

Over the years

Revenue
ELF FY2018: $267.4MELF FY2020: $282.9MELF FY2021: $318.1MELF FY2022: $392.2MELF FY2023: $578.8MELF FY2024: $1BELF FY2025: $1.3BELF FY2026: $1.6BKVUE FY2021: $15.1BKVUE FY2023: $15BKVUE FY2023: $15.4BKVUE FY2024: $15.5BKVUE FY2025: $15.1BFY18FY20FY21FY22FY23FY24FY25FY26
ELF $1.6BKVUE $15.1B
Net income
ELF FY2018: $15.5MELF FY2020: $17.9MELF FY2021: $6.2MELF FY2022: $21.8MELF FY2023: $61.5MELF FY2024: $127.7MELF FY2025: $112.1MELF FY2026: $26.3MKVUE FY2021: $2.1BKVUE FY2023: $2.1BKVUE FY2023: $1.7BKVUE FY2024: $1BKVUE FY2025: $1.5BFY18FY20FY21FY22FY23FY24FY25FY26
ELF $26.3MKVUE $1.5B
Net margin
ELF FY2018: 5.8%ELF FY2020: 6.3%ELF FY2021: 2.0%ELF FY2022: 5.6%ELF FY2023: 10.6%ELF FY2024: 12.5%ELF FY2025: 8.5%ELF FY2026: 1.6%KVUE FY2021: 13.8%KVUE FY2023: 13.8%KVUE FY2023: 10.8%KVUE FY2024: 6.7%KVUE FY2025: 9.7%FY18FY20FY21FY22FY23FY24FY25FY26
ELF 1.6%KVUE 9.7%
Revenue growth
ELF FY2021: +12.5%ELF FY2022: +23.3%ELF FY2023: +47.6%ELF FY2024: +76.9%ELF FY2025: +28.3%ELF FY2026: +24.6%KVUE FY2023: -0.7%KVUE FY2023: +3.3%KVUE FY2024: +0.1%KVUE FY2025: -2.1%FY21FY22FY23FY24FY25FY26
ELF +24.6%KVUE -2.1%
Free cash flow
ELF FY2018: $46.7MELF FY2020: $34.9MELF FY2021: $23MELF FY2022: $14.7MELF FY2023: $100.2MELF FY2024: $62.5MELF FY2025: $115.3MELF FY2026: $190.1MKVUE FY2021: $39MKVUE FY2023: $2.2BKVUE FY2023: $2.7BKVUE FY2024: $1.3BKVUE FY2025: $1.7BFY18FY20FY21FY22FY23FY24FY25FY26
ELF $190.1MKVUE $1.7B

Fiscal years as each company reports them; the two may end in different months.

Questions about e.l.f. Beauty and Kenvue

Which is bigger by revenue, e.l.f. Beauty or Kenvue?

Kenvue is bigger by revenue: $15.1B in fiscal 2025, against $1.6B for e.l.f. Beauty in fiscal 2026.

Which keeps more of its revenue as profit, e.l.f. Beauty or Kenvue?

e.l.f. Beauty had a net margin of 1.6% in fiscal 2026; Kenvue had 9.7% in fiscal 2025.

Which grew revenue faster, e.l.f. Beauty or Kenvue?

In their latest fiscal years revenue changed by +24.6% at e.l.f. Beauty and -2.1% at Kenvue.

Where do these numbers come from?

From the annual reports each company files with the SEC (10-K, or 20-F and 40-F for foreign companies), read from their XBRL data. Margins and growth are simple arithmetic on those figures. Nothing here is a recommendation.

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