Hims Hers Health Inc (HIMS)
Gross profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 1,173,140 | 714,949 | 408,722 | 204,494 | 109,450 |
| Revenue | US$ in thousands | 1,476,510 | 872,000 | 526,916 | 271,878 | 148,757 |
| Gross profit margin | 79.45% | 81.99% | 77.57% | 75.22% | 73.58% |
December 31, 2024 calculation
Gross profit margin = Gross profit ÷ Revenue
= $1,173,140K ÷ $1,476,510K
= 79.45%
The gross profit margin of Hims Hers Health Inc has been on an upward trend over the past five years, starting at 73.58% as of December 31, 2020, and reaching 79.45% by December 31, 2024. This indicates that the company has been able to effectively control its production costs and generate more gross profit from its revenue over time. The peak gross profit margin of 81.99% as of December 31, 2023, suggests that the company has achieved significant efficiency in its cost of goods sold during that year. However, there was a slight dip in the gross profit margin in 2024 compared to the previous year.
Overall, the increasing trend in gross profit margin is a positive indicator of improving operational efficiency and profitability for Hims Hers Health Inc. It shows the company's ability to generate a higher percentage of profit from its revenue after accounting for the direct costs associated with producing the goods or services sold.
Peer comparison
Dec 31, 2024