ELF vs. PEN

Last updated Apr 1, 2026

Compare and contrast key facts about e.l.f. Beauty, Inc. (ELF) and Penumbra, Inc. (PEN).

Performance

ELF vs. PEN - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in e.l.f. Beauty, Inc. (ELF) and Penumbra, Inc. (PEN). The values are adjusted to include any dividend payments, if applicable.

ELF vs. PEN - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
ELF e.l.f. Beauty, Inc.	-20.29%	-39.43%	-13.02%	161.01%	66.52%	31.84%	56.17%	86.26%	-61.18%	-22.91%
PEN Penumbra, Inc.	5.62%	30.92%	-5.59%	13.07%	-22.57%	64.18%	6.53%	34.43%	29.86%	47.49%

Fundamentals

Market Cap ELF : $3.65B PEN : $12.94B
EPS ELF : $1.76 PEN : $4.52
PE Ratio ELF : 34.37 PEN : 72.65
PEG Ratio ELF : 0.28 PEN : 0.11
PS Ratio ELF : 2.35 PEN : 9.20
PB Ratio ELF : 3.14 PEN : 9.06
Total Revenue (TTM) ELF : $1.52B PEN : $1.40B
Gross Profit (TTM) ELF : $1.07B PEN : $942.44M
EBITDA (TTM) ELF : $220.91M PEN : $214.72M

Returns By Period

In the year-to-date period, ELF achieves a -20.29% return, which is significantly lower than PEN's 5.62% return.

ELF

• 1D: 2.12%
• 1M: -34.16%
• YTD: -20.29%
• 6M: -54.25%
• 1Y: -3.47%
• 3Y*: -9.71%
• 5Y*: 17.61%
• 10Y*: —

PEN

• 1D: 0.05%
• 1M: -4.65%
• YTD: 5.62%
• 6M: 29.63%
• 1Y: 22.80%
• 3Y*: 5.62%
• 5Y*: 3.66%
• 10Y*: 21.53%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Return for Risk

ELF vs. PEN — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

ELF

ELF Risk / Return Rank: 41
ELF Sharpe Ratio Rank: 40
ELF Sortino Ratio Rank: 42
ELF Omega Ratio Rank: 44
ELF Calmar Ratio Rank: 39
ELF Martin Ratio Rank: 39

PEN

PEN Risk / Return Rank: 63
PEN Sharpe Ratio Rank: 64
PEN Sortino Ratio Rank: 66
PEN Omega Ratio Rank: 63
PEN Calmar Ratio Rank: 62
PEN Martin Ratio Rank: 60

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

ELF vs. PEN - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for e.l.f. Beauty, Inc. (ELF) and Penumbra, Inc. (PEN). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	ELF	PEN	Difference
Sharpe ratio Return per unit of total volatility	-0.05	0.62	-0.66
Sortino ratio Return per unit of downside risk	0.46	1.39	-0.93
Omega ratio Gain probability vs. loss probability	1.07	1.17	-0.10
Calmar ratio Return relative to maximum drawdown	-0.11	0.92	-1.03
Martin ratio Return relative to average drawdown	-0.22	1.96	-2.18
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

ELF vs. PEN - Sharpe Ratio Comparison

The current ELF Sharpe Ratio is -0.05, which is lower than the PEN Sharpe Ratio of 0.62. The chart below compares the historical Sharpe Ratios of ELF and PEN, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	ELF	PEN	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.05	0.62	-0.66
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.31	0.09	+0.22
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.52	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.17	0.51	-0.35

Correlation

The correlation between ELF and PEN is 0.22, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

ELF vs. PEN - Dividend Comparison

Neither ELF nor PEN has paid dividends to shareholders.

Tickers have no history of dividend payments

Drawdowns

ELF vs. PEN - Drawdown Comparison

The maximum ELF drawdown since its inception was -77.09%, which is greater than PEN's maximum drawdown of -62.64%. Use the drawdown chart below to compare losses from any high point for ELF and PEN.

Drawdown Indicators

	ELF	PEN	Difference
Max Drawdown Largest peak-to-trough decline	-77.09%	-62.64%	-14.45%
Max Drawdown (1Y) Largest decline over 1 year	-59.54%	-24.76%	-34.78%
Max Drawdown (5Y) Largest decline over 5 years	-77.09%	-62.64%	-14.45%
Max Drawdown (10Y) Largest decline over 10 years	—	-62.64%	—
Current Drawdown Current decline from peak	-72.20%	-8.63%	-63.57%
Average Drawdown Average peak-to-trough decline	-31.58%	-17.73%	-13.85%
Ulcer Index Depth and duration of drawdowns from previous peaks	30.06%	11.58%	+18.48%

Volatility

ELF vs. PEN - Volatility Comparison

e.l.f. Beauty, Inc. (ELF) has a higher volatility of 18.98% compared to Penumbra, Inc. (PEN) at 2.66%. This indicates that ELF's price experiences larger fluctuations and is considered to be riskier than PEN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ELF	PEN	Difference
Volatility (1M) Calculated over the trailing 1-month period	18.98%	2.66%	+16.32%
Volatility (6M) Calculated over the trailing 6-month period	59.83%	26.57%	+33.26%
Volatility (1Y) Calculated over the trailing 1-year period	73.99%	37.10%	+36.89%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	56.55%	41.81%	+14.74%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	55.20%	41.77%	+13.43%

Financials

ELF vs. PEN - Profitability Comparison

The chart below illustrates the profitability comparison between e.l.f. Beauty, Inc. and Penumbra, Inc. over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

ELF - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, e.l.f. Beauty, Inc. reported a gross profit of 347.50M and revenue of 489.51M. Therefore, the gross margin over that period was 71.0%.

PEN - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, Penumbra, Inc. reported a gross profit of 262.13M and revenue of 385.39M. Therefore, the gross margin over that period was 68.0%.

ELF - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, e.l.f. Beauty, Inc. reported an operating income of 67.54M and revenue of 489.51M, resulting in an operating margin of 13.8%.

PEN - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, Penumbra, Inc. reported an operating income of 59.23M and revenue of 385.39M, resulting in an operating margin of 15.4%.

ELF - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, e.l.f. Beauty, Inc. reported a net income of 39.38M and revenue of 489.51M, resulting in a net margin of 8.0%.

PEN - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Penumbra, Inc. reported a net income of 47.34M and revenue of 385.39M, resulting in a net margin of 12.3%.