Hims Hers Health Inc (HIMS)
Gross profit margin
| Dec 31, 2024 | 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 | 1,173,135 | 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 | 1,476,514 | 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 | 79.45% | 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% |
December 31, 2024 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $1,173,135K ÷ $1,476,514K
= 79.45%
The gross profit margin for Hims Hers Health Inc has shown a steady increase from March 31, 2020, to March 31, 2024. Starting at 36.31% in March 2020, the margin has consistently improved to reach 82.41% by March 31, 2024. This indicates that the company has been effectively managing its production costs and pricing strategies to generate higher returns on its sales. However, there was a slight decline in the margin in the last two quarters of 2024, dropping to 79.45% by December 31, 2024. Overall, the trend suggests that the company has been successful in optimizing its gross profit margin over the analyzed period.
Peer comparison
Dec 31, 2024