Hims Hers Health Inc (HIMS)
Gross profit margin
| Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit (ttm) | US$ in thousands | 1,007,652 | 877,074 | 790,619 | 714,949 | 643,228 | 570,373 | 487,391 | 408,722 | 338,483 | 278,902 | 239,003 | 204,494 | 174,288 | 150,693 | 129,078 | 109,450 | 77,314 | 45,587 | 19,908 |
| Revenue (ttm) | US$ in thousands | 1,241,994 | 1,067,137 | 959,401 | 872,000 | 792,584 | 710,721 | 616,372 | 526,916 | 444,412 | 373,749 | 320,878 | 271,878 | 228,645 | 195,796 | 171,008 | 148,757 | 132,060 | 90,736 | 54,832 |
| Gross profit margin | 81.13% | 82.19% | 82.41% | 81.99% | 81.16% | 80.25% | 79.07% | 77.57% | 76.16% | 74.62% | 74.48% | 75.22% | 76.23% | 76.96% | 75.48% | 73.58% | 58.54% | 50.24% | 36.31% |
September 30, 2024 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $1,007,652K ÷ $1,241,994K
= 81.13%
The gross profit margin of Hims Hers Health Inc has shown a generally positive trend over the past few quarters. From December 2020 to September 2024, the gross profit margin has improved steadily from 58.54% to 81.13%. This indicates that the company has been effectively managing its production costs and pricing strategies to enhance profitability.
In particular, the significant improvement in gross profit margin from the end of 2020 to the third quarter of 2021, where it increased from 58.54% to 76.23%, is noteworthy. This substantial improvement may have been driven by cost control measures, efficient production processes, or adjustments in pricing strategies.
Overall, the improving trend in gross profit margin reflects positively on the company's ability to generate profit from its core operations. However, it is important for Hims Hers Health Inc to continue monitoring and managing its costs effectively to sustain and potentially further enhance its profitability in the future.