Bellring Brands vs E.l.f. Beauty
Bellring Brands is the larger business, with $2.32bn of revenue in fiscal 2025 against $1.64bn for E.l.f. Beauty (1.4 times as much). E.l.f. Beauty grew faster (24.6% against 16.1%). Bellring Brands kept more of each dollar of sales as profit: a net margin of 9.3% against 1.6%.
| Latest fiscal year | Bellring BrandsBRBR, 2025 | E.l.f. BeautyELF, 2026 |
|---|---|---|
| Revenue | $2.32bn | $1.64bn |
| Revenue growth | 16.1% | 24.6% |
| Net income | $216m | $26.3m |
| Operating margin | 15.4% | — |
| Net margin | 9.3% | 1.6% |
| Return on equity | — | 2.8% |
| Free cash flow | $256m | $190m |
| Cash | $71.8m | $290m |
| Total debt | $1.09bn | $842m |
| Debt to equity | — | — |
| Dividend per share | — | — |
| Dividend yield | — | — |
| Share buybacks | $475m | $50.0m |
| Employees | 530 | 849 |
| Market value | $1.10bn | $6.52bn |
| Price vs our value range | Below our value range | Above our value range |
| Moat score | 70 (Strong) | 47 (Moderate) |
| Insider trades, 12 months | 3 buys, 2 sales | 1 buys, 47 sales |