e.l.f. Beauty
ELF NYSE Personal Care Products Financials FY2016–FY2026
e.l.f. Beauty's revenue rose 24.6% to $1.6 billion in fiscal 2026. Its operating margin was 4.5%, down from 12.0% a year earlier. Free cash flow was $190 million, up 64.8%. It paid out $50 million in dividends and buybacks, 26% of free cash flow. The diluted share count rose 1.7%.
Revenue
Total sales reported in the income statement.
$1.6B
24.6%
vs prior year
Operating margin
Operating income as a share of revenue.
4.5%
7.5 pts
Net income
Profit after all expenses, interest and tax.
$26.3M
76.5%
Free cash flow
Cash from operations minus capital spending.
$190M
64.8%
Return on capital
After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
3.8%
10.9 pts
Market cap
Last close times the latest diluted share count, so it is approximate.
$6.8B
Oct 23 close
P/E
Last close divided by diluted earnings per share over the last four quarters.
114.2x
On $1.00 EPS (TTM)
What e.l.f. Beauty does
No business description yet.
- Legal name
- e.l.f. Beauty, Inc.
- Fiscal year ends
- March 31, 2026
- Latest annual report
- —
- Accession · CIK
- 0001600033-26-000020
0001600033
Revenue and margins
e.l.f. Beauty had $1.6B of revenue in fiscal 2026, up 24.6% on the year before.
FY16
Revenue $230M
FY17
Revenue $270M
FY18
Revenue $267M
FY20
Revenue $283M
FY21
Revenue $318M
FY22
Revenue $392M
FY23
Revenue $579M
FY24
Revenue $1.0B
FY25
Revenue $1.3B
FY26
Revenue $1.6B
Q2 '24
Revenue $216M
Q3 '24
Revenue $271M
Q4 '24
Revenue $321M
Q1 '25
Revenue $325M
Q2 '25
Revenue $301M
Q3 '25
Revenue $355M
Q4 '25
Revenue $333M
Q1 '26
Revenue $354M
Q2 '26
Revenue $344M
Q3 '26
Revenue $490M
Q4 '26
Revenue $449M
Q1 '27
Revenue $479M
FY16
Gross 57.6%
Operating 10.1%
Net 2.3%
FCF −3.1%
FY17
Gross 61.0%
Operating 12.3%
Net 12.4%
FCF 1.8%
FY18
Gross 60.9%
Operating 9.8%
Net 5.8%
FCF 17.5%
FY20
Gross 64.0%
Operating 10.6%
Net 6.3%
FCF 12.3%
FY21
Gross 64.8%
Operating 3.0%
Net 2.0%
FCF 7.2%
FY22
Gross 64.2%
Operating 7.6%
Net 5.6%
FCF 3.8%
FY23
Gross 67.4%
Operating 11.8%
Net 10.6%
FCF 17.3%
FY24
Gross 70.7%
Operating 14.6%
Net 12.5%
FCF 6.1%
FY25
Gross 71.2%
Operating 12.0%
Net 8.5%
FCF 8.8%
FY26
Gross 70.7%
Operating 4.5%
Net 1.6%
FCF 11.6%
Gross
Operating
Net
FCF
Q2 '24
Gross 70.7%
Operating 18.6%
Net 15.4%
FCF 12.6%
Q3 '24
Gross 70.9%
Operating 11.8%
Net 9.9%
FCF −8.0%
Q4 '24
Gross 70.8%
Operating 5.3%
Net 4.5%
FCF 10.7%
Q1 '25
Gross 71.3%
Operating 15.6%
Net 14.7%
FCF 0.2%
Q2 '25
Gross 71.1%
Operating 9.3%
Net 6.3%
FCF 3.2%
Q3 '25
Gross 71.3%
Operating 9.9%
Net 4.9%
FCF −5.6%
Q4 '25
Gross 71.3%
Operating 13.3%
Net 8.5%
FCF 37.6%
Q1 '26
Gross 69.1%
Operating 13.8%
Net 9.4%
FCF 5.7%
Q2 '26
Gross 69.5%
Operating 2.2%
Net 0.9%
FCF 4.8%
Q3 '26
Gross 71.0%
Operating 13.8%
Net 8.0%
FCF 10.8%
Q4 '26
Gross 72.7%
Operating −11.2%
Net −11.0%
FCF 22.4%
Q1 '27
Gross 83.2%
Operating 21.4%
Net 13.9%
FCF 23.0%
Gross
Operating
Net
FCF
Net income and earnings per share
Loss periods are shown in red.
FY16
Net income $5.3M
FY17
Net income $33.5M
FY18
Net income $15.5M
FY20
Net income $17.9M
FY21
Net income $6.2M
FY22
Net income $21.8M
FY23
Net income $61.5M
FY24
Net income $128M
FY25
Net income $112M
FY26
Net income $26.3M
Q2 '24
Net income $33.3M
Q3 '24
Net income $26.9M
Q4 '24
Net income $14.5M
Q1 '25
Net income $47.6M
Q2 '25
Net income $19.0M
Q3 '25
Net income $17.3M
Q4 '25
Net income $28.3M
Q1 '26
Net income $33.3M
Q2 '26
Net income $3.0M
Q3 '26
Net income $39.4M
Q4 '26
Net income −$49.4M
Q1 '27
Net income $66.6M
FY16
Diluted EPS −$39.47
FY17
Diluted EPS $0.68
FY18
Diluted EPS $0.32
FY20
Diluted EPS $0.35
FY21
Diluted EPS $0.12
FY22
Diluted EPS $0.41
FY23
Diluted EPS $1.11
FY24
Diluted EPS $2.21
FY25
Diluted EPS $1.92
FY26
Diluted EPS $0.44
Q2 '24
Diluted EPS $0.58
Q3 '24
Diluted EPS $0.46
Q4 '24
Diluted EPS $0.25
Q1 '25
Diluted EPS $0.81
Q2 '25
Diluted EPS $0.33
Q3 '25
Diluted EPS $0.30
Q4 '25
Diluted EPS $0.49
Q1 '26
Diluted EPS $0.58
Q2 '26
Diluted EPS $0.05
Q3 '26
Diluted EPS $0.65
Q4 '26
Diluted EPS −$0.82
Q1 '27
Diluted EPS $1.12
Returns on capital
After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
FY16
Return on capital 6.9%
Return on equity 13.2%
Return on assets 1.4%
FY17
Return on capital 10.6%
Return on equity 20.0%
Return on assets 8.1%
FY18
Return on capital 6.8%
Return on equity 7.3%
Return on assets 3.6%
FY20
Return on capital —
Return on equity —
Return on assets —
FY21
Return on capital 2.8%
Return on equity 2.4%
Return on assets 1.3%
FY22
Return on capital 7.2%
Return on equity 7.5%
Return on assets 4.4%
FY23
Return on capital 18.1%
Return on equity 17.0%
Return on assets 11.3%
FY24
Return on capital 23.5%
Return on equity 24.2%
Return on assets 14.8%
FY25
Return on capital 14.6%
Return on equity 16.0%
Return on assets 9.4%
FY26
Return on capital 3.8%
Return on equity 2.8%
Return on assets 1.5%
Return on capital
Return on equity
Return on assets
Cash flow
Free cash flow was $190M in fiscal 2026, 11.6% of revenue. Cash from operations minus capital spending.
FY16
Free cash flow −$7.1M
FY17
Free cash flow $4.8M
FY18
Free cash flow $46.7M
FY20
Free cash flow $34.9M
FY21
Free cash flow $23.0M
FY22
Free cash flow $14.7M
FY23
Free cash flow $100M
FY24
Free cash flow $62.5M
FY25
Free cash flow $115M
FY26
Free cash flow $190M
Q2 '24
Free cash flow $27.1M
Q3 '24
Free cash flow −$21.7M
Q4 '24
Free cash flow $34.3M
Q1 '25
Free cash flow $0.5M
Q2 '25
Free cash flow $9.5M
Q3 '25
Free cash flow −$19.8M
Q4 '25
Free cash flow $125M
Q1 '26
Free cash flow $20.1M
Q2 '26
Free cash flow $16.6M
Q3 '26
Free cash flow $52.8M
Q4 '26
Free cash flow $101M
Q1 '27
Free cash flow $110M
FY16
Cash from operations $2.1M
Capital spending $9.2M
FY17
Cash from operations $12.4M
Capital spending $7.5M
FY18
Cash from operations $55.6M
Capital spending $8.9M
FY20
Cash from operations $44.3M
Capital spending $9.4M
FY21
Cash from operations $29.5M
Capital spending $6.5M
FY22
Cash from operations $19.5M
Capital spending $4.8M
FY23
Cash from operations $102M
Capital spending $1.7M
FY24
Cash from operations $71.2M
Capital spending $8.7M
FY25
Cash from operations $134M
Capital spending $18.5M
FY26
Cash from operations $213M
Capital spending $22.4M
Cash from operations
Capital spending
Q2 '24
Cash from operations $27.9M
Capital spending $0.8M
Q3 '24
Cash from operations −$17.1M
Capital spending $4.5M
Q4 '24
Cash from operations $37.0M
Capital spending $2.7M
Q1 '25
Cash from operations $1.3M
Capital spending $0.8M
Q2 '25
Cash from operations $11.2M
Capital spending $1.6M
Q3 '25
Cash from operations −$14.7M
Capital spending $5.1M
Q4 '25
Cash from operations $136M
Capital spending $11.1M
Q1 '26
Cash from operations $27.2M
Capital spending $7.1M
Q2 '26
Cash from operations $23.4M
Capital spending $6.8M
Q3 '26
Cash from operations $59.4M
Capital spending $6.6M
Q4 '26
Cash from operations $103M
Capital spending $1.9M
Q1 '27
Cash from operations $112M
Capital spending $1.4M
Cash from operations
Capital spending
Dividends, buybacks and share count
e.l.f. Beauty returned $50.0M to shareholders in fiscal 2026, 26% of free cash flow. The diluted share count rose 1.7%.
FY16
Dividends $0.0M
Buybacks $0.0M
FY17
Dividends $0.0M
Buybacks $0.0M
FY18
Dividends $0.0M
Buybacks $0.0M
FY20
Dividends $0.0M
Buybacks $7.9M
FY21
Dividends $0.0M
Buybacks $0.0M
FY22
Dividends $0.0M
Buybacks $0.0M
FY23
Dividends $0.0M
Buybacks $0.0M
FY24
Dividends $0.0M
Buybacks $0.0M
FY25
Dividends $0.0M
Buybacks $67.1M
FY26
Dividends $0.0M
Buybacks $50.0M
Dividends
Buybacks
Q2 '24
Dividends $0.0M
Buybacks $0.0M
Q3 '24
Dividends $0.0M
Buybacks $0.0M
Q4 '24
Dividends $0.0M
Buybacks $0.0M
Q1 '25
Dividends $0.0M
Buybacks $0.0M
Q2 '25
Dividends $0.0M
Buybacks $0.0M
Q3 '25
Dividends $0.0M
Buybacks $0.0M
Q4 '25
Dividends $0.0M
Buybacks $50.0M
Q1 '26
Dividends $0.0M
Buybacks $0.0M
Q2 '26
Dividends $0.0M
Buybacks $0.0M
Q3 '26
Dividends $0.0M
Buybacks $50.0M
Q4 '26
Dividends $0.0M
Buybacks $0.0M
Q1 '27
Dividends $0.0M
Buybacks $50.0M
Dividends
Buybacks
FY16
Diluted shares 0.01B
FY17
Diluted shares 0.05B
FY18
Diluted shares 0.05B
FY20
Diluted shares 0.05B
FY21
Diluted shares 0.05B
FY22
Diluted shares 0.05B
FY23
Diluted shares 0.06B
FY24
Diluted shares 0.06B
FY25
Diluted shares 0.06B
FY26
Diluted shares 0.06B
Value e.l.f. Beauty yourself
Change the assumptions and see what they imply per share. These are models, not forecasts or price targets — the answer depends entirely on what you put in.
Discounted cash flow
Value per share
—
Adds net cash of −$552M and divides by 59.4M diluted shares. Ten years of cash flows plus a terminal value, discounted to today.
Earnings multiple
Value per share
—
Reference multiples: today 114.2x · peers 23.4x · sector 24.2x.
Balance sheet
Cash, debt and the ratios that show how comfortably e.l.f. Beauty can carry it.
FY16
Cash $15.3M
Debt $165M
FY17
Cash $10.1M
Debt $156M
FY18
Cash $51.2M
Debt $150M
FY20
Cash $46.2M
Debt $139M
FY21
Cash $57.8M
Debt $127M
FY22
Cash $43.4M
Debt $96.9M
FY23
Cash $121M
Debt $66.5M
FY24
Cash $108M
Debt $262M
FY25
Cash $149M
Debt $257M
FY26
Cash $290M
Debt $842M
Cash
Debt
| Fiscal year end | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Cash and short-term investments | $43.4M | $121M | $108M | $149M | $290M |
| Debt incl. finance leases | $96.9M | $66.5M | $262M | $257M | $842M |
| Net debt / EBITDA | 0.9x | −0.6x | 0.9x | 0.5x | 3.6x |
| Debt / equity | 0.3x | 0.2x | 0.4x | 0.3x | 0.7x |
| Interest coverage | 16.9x | 19.2x | 13.3x | 10.1x | 2.0x |
| Current ratio | 3.0x | 2.8x | 1.6x | 3.1x | 2.4x |
| Quick ratio | 1.7x | 2.1x | 1.0x | 2.0x | 1.7x |
| Total assets | $495M | $596M | $1.1B | $1.2B | $2.4B |
| Total liabilities | $182M | $185M | $487M | $487M | $1.3B |
| Shareholders' equity | $312M | $411M | $643M | $761M | $1.1B |
| Net debt (− = net cash) | $53.5M | −$54.3M | $154M | $108M | $552M |
Insider trades
Open-market purchases and sales by officers, directors and 10% owners, from Form 4 filings. 'Plan' marks trades under a pre-arranged Rule 10b5-1 plan.
Bought, 12 months
$0.0M
0 insiders
Sold, 12 months
$16.9M
6 insiders
Of sales under plans
98%
$16.6M
| Date | Insider | Trade | Shares | Price | Value | Filing |
|---|---|---|---|---|---|---|
| Oct 15, 2026 | Joshua Allen FranksSVP, Operations | Sold plan | 7,926 | $110.15 | $0.9M | Form 4 |
| Oct 12, 2026 | Joshua Allen FranksSVP, Operations | Sold plan | 8,366 | $110.01 | $0.9M | Form 4 |
| Oct 1, 2026 | Tarang AminChief Executive Officer, Director | Sold plan | 47,000 | $103.31 | $4.9M | Form 4 |
| Sep 8, 2026 | Joshua Allen FranksSVP, Operations | Sold plan | 200 | $110.00 | $0.0M | Form 4 |
| Sep 8, 2026 | Mandy J FieldsSee Remarks | Sold plan | 16,065 | $104.52 | $1.7M | Form 4 |
| Sep 1, 2026 | Joshua Allen FranksSVP, Operations | Sold plan | 5,512 | $110.00 | $0.6M | Form 4 |
| Aug 19, 2026 | Joshua Allen FranksSVP, Operations | Sold plan | 5,718 | $100.00 | $0.6M | Form 4 |
| Aug 18, 2026 | Lauren Cooks LevitanDirector | Sold | 1,034 | $93.15 | $0.1M | Form 4 |
| Aug 4, 2026 | Kory MarchisottoSee Remarks | Sold plan | 12,173 | $88.02 | $1.1M | Form 4 |
| Jul 1, 2026 | Jennifer Catherine HartnettChief Commercial Officer | Sold plan | 25,357 | $80.00 | $2.0M | Form 4 |
| Jul 1, 2026 | Tarang AminChief Executive Officer, Director | Sold plan | 50,164 | $78.24 | $3.9M | Form 4 |
| Jun 9, 2026 | Kory MarchisottoSee Remarks | Sold | 4,352 | $51.53 | $0.2M | Form 4 |
Piotroski F-score
Nine pass/fail tests of profitability, funding and efficiency. 8–9 is strong, 0–2 weak.
| Test | FY24 | FY25 | FY26 |
|---|---|---|---|
| Net income is positive | ✓ | ✓ | ✓ |
| Cash from operations is positive | ✓ | ✓ | ✓ |
| Return on assets rose | ✓ | ✕ | ✕ |
| Cash from operations exceeds net income | ✕ | ✓ | ✓ |
| Debt fell relative to assets | ✕ | ✓ | ✕ |
| Current ratio rose | ✕ | ✓ | ✕ |
| Share count didn't rise | ✕ | ✕ | ✕ |
| Gross margin rose | ✓ | ✓ | ✕ |
| Revenue rose relative to assets | ✓ | ✕ | ✓ |
| F-score | 5 / 9 | 6 / 9 | 4 / 9 |
| Accruals ratio | 6.6% | −1.8% | −10.2% |
| Altman Z'' | 2.46 | 3.92 | 2.18 |
Similar companies
Each company's latest fiscal year. Fiscal years end in different months, so periods don't line up exactly.
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|---|---|---|---|---|---|---|---|---|
| e.l.f. Beauty ELF | $6.8B | 24.6% | 4.5% | 11.6% | 3.8% | 114.2x | 4 | |
| Coty COTY | $2.8B | −1.5% | −1.4% | 6.0% | −1.0% | — | 3 | Compare → |
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| Kenvue KVUE | $37.6B | −2.1% | 16.0% | 11.4% | 10.0% | 22.5x | 6 | Compare → |
| Procter & Gamble PG | $387.6B | 3.3% | 22.7% | 17.4% | 20.1% | 24.3x | 6 | Compare → |
10 years of figures
US$ millions unless stated. Hover a ratio's name for its definition.
| Fiscal year | FY16 | FY17 | FY18 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|---|---|---|---|
| Income statement | ||||||||||
| Revenue | $230M | $270M | $267M | $283M | $318M | $392M | $579M | $1.0B | $1.3B | $1.6B |
| Gross profit | $132M | $165M | $163M | $181M | $206M | $252M | $390M | $724M | $936M | $1.2B |
| Operating income | $23.1M | $33.3M | $26.2M | $29.9M | $9.4M | $29.8M | $68.1M | $150M | $158M | $73.6M |
| Interest expense | $16.3M | $8.8M | $7.8M | $6.3M | $3.0M | $1.8M | $3.5M | $11.3M | $15.7M | $37.4M |
| Pretax income | $9.8M | $22.5M | $18.0M | $24.1M | $3.7M | $25.4M | $64.1M | $141M | $146M | $40.5M |
| Income tax | $4.5M | −$11.0M | $2.4M | $6.2M | −$2.5M | $3.7M | $2.5M | $13.3M | $33.4M | $14.1M |
| Net income | $5.3M | $33.5M | $15.5M | $17.9M | $6.2M | $21.8M | $61.5M | $128M | $112M | $26.3M |
| Diluted EPS | −$39.47 | $0.68 | $0.32 | $0.35 | $0.12 | $0.41 | $1.11 | $2.21 | $1.92 | $0.44 |
| Diluted shares | 0.01B | 0.05B | 0.05B | 0.05B | 0.05B | 0.05B | 0.06B | 0.06B | 0.06B | 0.06B |
| Cash flow | ||||||||||
| Cash from operations | $2.1M | $12.4M | $55.6M | $44.3M | $29.5M | $19.5M | $102M | $71.2M | $134M | $213M |
| Capital expenditure | $9.2M | $7.5M | $8.9M | $9.4M | $6.5M | $4.8M | $1.7M | $8.7M | $18.5M | $22.4M |
| Free cash flow | −$7.1M | $4.8M | $46.7M | $34.9M | $23.0M | $14.7M | $100M | $62.5M | $115M | $190M |
| Depreciation and amortization | $13.2M | $14.5M | $17.9M | $22.8M | $25.2M | $27.1M | $17.6M | $30.2M | $44.1M | $79.4M |
| Stock-based compensation | $7.1M | $13.5M | $16.8M | $15.5M | $19.7M | $19.6M | $29.1M | $40.6M | $71.8M | $86.9M |
| Acquisitions | $0.0M | $0.0M | $0.0M | $25.9M | $0.0M | $0.0M | $0.0M | $275M | $0.0M | $582M |
| Share buybacks | $0.0M | $0.0M | $0.0M | $7.9M | $0.0M | $0.0M | $0.0M | $0.0M | $67.1M | $50.0M |
| Dividends paid | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M |
| Dividends and buybacks | $0.0M | $0.0M | $0.0M | $7.9M | $0.0M | $0.0M | $0.0M | $0.0M | $67.1M | $50.0M |
| Balance sheet | ||||||||||
| Cash and short-term investments | $15.3M | $10.1M | $51.2M | $46.2M | $57.8M | $43.4M | $121M | $108M | $149M | $290M |
| Total debt | $165M | $156M | $150M | $139M | $127M | $96.9M | $66.5M | $262M | $257M | $842M |
| Finance lease liabilities | $0.0M | $0.0M | $4.0M | $3.0M | $2.2M | $1.4M | $0.6M | $0.1M | $0.0M | $0.0M |
| Current assets | $125M | $124M | $142M | $132M | $170M | $193M | $303M | $477M | $541M | $789M |
| Current liabilities | $80.3M | $51.4M | $43.0M | $51.1M | $73.3M | $65.0M | $108M | $299M | $177M | $336M |
| Inventory | $69.4M | $62.7M | $46.3M | $46.2M | $56.8M | $84.5M | $81.3M | $192M | $187M | $220M |
| Property and equipment, net | $17.2M | $18.0M | $21.8M | $17.2M | $13.8M | $10.6M | $7.9M | $14.0M | $28.8M | $41.5M |
| Total assets | $415M | $417M | $436M | $453M | $487M | $495M | $596M | $1.1B | $1.2B | $2.4B |
| Total liabilities | $274M | $223M | $207M | $211M | $218M | $182M | $185M | $487M | $487M | $1.3B |
| Shareholders' equity | $141M | $194M | $229M | $242M | $270M | $312M | $411M | $643M | $761M | $1.1B |
| Margins | ||||||||||
| Gross margin | 57.6% | 61.0% | 60.9% | 64.0% | 64.8% | 64.2% | 67.4% | 70.7% | 71.2% | 70.7% |
| Operating margin | 10.1% | 12.3% | 9.8% | 10.6% | 3.0% | 7.6% | 11.8% | 14.6% | 12.0% | 4.5% |
| EBITDA margin | 15.8% | 17.7% | 16.5% | 18.7% | 10.9% | 14.5% | 14.8% | 17.6% | 15.4% | 9.4% |
| Net margin | 2.3% | 12.4% | 5.8% | 6.3% | 2.0% | 5.6% | 10.6% | 12.5% | 8.5% | 1.6% |
| FCF margin | −3.1% | 1.8% | 17.5% | 12.3% | 7.2% | 3.8% | 17.3% | 6.1% | 8.8% | 11.6% |
| Returns | ||||||||||
| Return on capital | 6.9% | 10.6% | 6.8% | — | 2.8% | 7.2% | 18.1% | 23.5% | 14.6% | 3.8% |
| Return on capital employed | 7.1% | 9.5% | 6.9% | — | 2.3% | 7.1% | 14.9% | 22.7% | 16.6% | 4.7% |
| Return on equity | 13.2% | 20.0% | 7.3% | — | 2.4% | 7.5% | 17.0% | 24.2% | 16.0% | 2.8% |
| Return on assets | 1.4% | 8.1% | 3.6% | — | 1.3% | 4.4% | 11.3% | 14.8% | 9.4% | 1.5% |
| Growth | ||||||||||
| Revenue growth | 19.9% | 17.6% | −0.9% | — | 12.5% | 23.3% | 47.6% | 76.9% | 28.3% | 24.6% |
| Net income growth | 21.9% | 530.1% | −53.6% | — | −65.2% | 249.3% | 182.6% | 107.5% | −12.2% | −76.5% |
| EPS growth | — | — | −52.9% | — | −65.7% | 241.7% | 170.7% | 99.1% | −13.1% | −77.1% |
| FCF growth | −149.4% | — | 866.3% | — | −34.1% | −36.1% | 581.6% | −37.6% | 84.5% | 64.8% |
| Share count change | −58.7% | 291.7% | −0.2% | — | 2.3% | 3.2% | 3.1% | 4.4% | 1.0% | 1.7% |
| Financial health | ||||||||||
| Net debt / EBITDA | 4.1x | 3.1x | 2.3x | 1.8x | 2.0x | 0.9x | −0.6x | 0.9x | 0.5x | 3.6x |
| Debt / equity | 1.2x | 0.8x | 0.7x | 0.6x | 0.5x | 0.3x | 0.2x | 0.4x | 0.3x | 0.7x |
| Interest coverage | 1.4x | 3.8x | 3.4x | 4.8x | 3.1x | 16.9x | 19.2x | 13.3x | 10.1x | 2.0x |
| Current ratio | 1.6x | 2.4x | 3.3x | 2.6x | 2.3x | 3.0x | 2.8x | 1.6x | 3.1x | 2.4x |
| Quick ratio | 0.7x | 1.2x | 2.2x | 1.7x | 1.6x | 1.7x | 2.1x | 1.0x | 2.0x | 1.7x |
| Capital allocation | ||||||||||
| Capex / revenue | 4.0% | 2.8% | 3.3% | 3.3% | 2.0% | 1.2% | 0.3% | 0.9% | 1.4% | 1.4% |
| Stock comp / revenue | 3.1% | 5.0% | 6.3% | 5.5% | 6.2% | 5.0% | 5.0% | 4.0% | 5.5% | 5.3% |
| Payouts / FCF | — | 0.0% | 0.0% | 22.7% | 0.0% | 0.0% | 0.0% | 0.0% | 58.2% | 26.3% |
| Quality scores | ||||||||||
| Piotroski F-score | — | 7.0 | 6.0 | — | — | 6.0 | 7.0 | 5.0 | 6.0 | 4.0 |
| Altman Z'' | −2.8 | −1.5 | −0.8 | −0.9 | −0.7 | 0.7 | 3.0 | 2.5 | 3.9 | 2.2 |
| Accruals ratio | 0.8% | 5.1% | −9.4% | — | −4.9% | 0.5% | −7.4% | 6.6% | −1.8% | −10.2% |
Source: SEC EDGAR XBRL filings (CIK 0001600033). Data updated October 9, 2026. Quarterly fourth quarters are the full year minus the first nine months. For information only — not investment advice. Check the original filings before relying on any figure.