Hims Hers Health Inc (HIMS)
Operating 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 42,907 | 11,979 | -8,287 | -29,453 | -40,658 | -52,087 | -63,041 | -68,697 | -78,657 | -86,335 | -83,552 | -115,042 | -98,103 | -73,763 | -57,335 | -15,144 | -10,762 | -7,891 | -6,929 |
| 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 |
| Operating profit margin | 3.45% | 1.12% | -0.86% | -3.38% | -5.13% | -7.33% | -10.23% | -13.04% | -17.70% | -23.10% | -26.04% | -42.31% | -42.91% | -37.67% | -33.53% | -10.18% | -8.15% | -8.70% | -12.64% |
September 30, 2024 calculation
Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $42,907K ÷ $1,241,994K
= 3.45%
The operating profit margin of Hims Hers Health Inc has shown a fluctuating trend over the past few quarters. Initially starting with negative figures in the range of -42.91% and -42.31% at the end of 2021, the company managed to gradually improve its operational efficiency, moving towards positive figures by September 2024, where it stood at 3.45%.
This improvement indicates that the company has been able to control its operating expenses more effectively relative to its revenue generation. However, it is important to note that although there has been a positive trend in recent quarters, the company's operating profit margin remains relatively low compared to industry standards. Going forward, the company should continue to focus on optimizing its operational performance to sustain and further enhance its profitability.