Hims Hers Health Inc (HIMS)
Operating profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | -29,453 | -68,697 | -115,042 | -15,144 | -74,414 |
| Revenue | US$ in thousands | 872,000 | 526,916 | 271,878 | 148,757 | 82,558 |
| Operating profit margin | -3.38% | -13.04% | -42.31% | -10.18% | -90.14% |
December 31, 2023 calculation
Operating profit margin = Operating income ÷ Revenue
= $-29,453K ÷ $872,000K
= -3.38%
The operating profit margin of Hims Hers Health Inc has displayed fluctuations over the past five years. In 2023, the operating profit margin improved significantly to -3.38% compared to the previous year's -13.04%. This indicates a more efficient management of operating expenses relative to revenue generation. However, the company still operates at a deficit on this metric. Looking back to 2021 and 2019, there were substantial declines in operating profit margin, which may suggest challenges in controlling costs and optimizing revenue during those periods. Overall, the trend in operating profit margin for Hims Hers Health Inc shows a mix of progress and setbacks in achieving profitability in recent years.