Over the past 10 years, the French cosmetics giant generated a total return of about 250% and easily outperformed its American competitors, Revlon (NYSE: REV) and Coty (NYSE: COTY). Coty and Estée Lauder (NYSE: EL) also cited inflation as a major headwind in their latest earnings reports. By comparison, Coty and Revlon posted operating margins of 8.8% and 5%, respectively, in 2021.