Hims Hers Health Inc (HIMS)
Net profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 126,038 | -23,546 | -65,678 | -107,659 | -18,114 |
| Revenue | US$ in thousands | 1,476,510 | 872,000 | 526,916 | 271,878 | 148,757 |
| Net profit margin | 8.54% | -2.70% | -12.46% | -39.60% | -12.18% |
December 31, 2024 calculation
Net profit margin = Net income ÷ Revenue
= $126,038K ÷ $1,476,510K
= 8.54%
Based on the data provided, Hims Hers Health Inc's net profit margin has shown significant fluctuations over the past five years. In December 2020, the net profit margin was -12.18%, indicating that the company had a net loss relative to its total revenue. This negative trend intensified in December 2021, with the net profit margin decreasing to -39.60%, reflecting a substantial loss.
However, there was a slight improvement in December 2022, where the net profit margin improved to -12.46%, although it still remained negative. The company's performance further improved in December 2023, with the net profit margin narrowing to -2.70%, indicating a smaller loss compared to previous years.
The most notable change occurred in December 2024 when the net profit margin turned positive, reaching 8.54%. This shift suggests that the company was able to generate a profit relative to its total revenue for the first time in the five-year period analyzed.
Overall, the fluctuating net profit margins indicate a volatile financial performance for Hims Hers Health Inc, with recent improvements pointing towards the company potentially implementing successful strategies to enhance profitability.
Peer comparison
Dec 31, 2024