Hims Hers Health Inc (HIMS)
Pretax margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) | US$ in thousands | -21,571 | -65,731 | -110,795 | -17,987 | -71,974 |
| Revenue | US$ in thousands | 872,000 | 526,916 | 271,878 | 148,757 | 82,558 |
| Pretax margin | -2.47% | -12.47% | -40.75% | -12.09% | -87.18% |
December 31, 2023 calculation
Pretax margin = EBT ÷ Revenue
= $-21,571K ÷ $872,000K
= -2.47%
The pretax margin of Hims Hers Health Inc has demonstrated significant fluctuations over the past five years. The company's pretax margin was -2.47% in 2023, representing an improvement compared to the previous year's -12.47%. In 2021, the pretax margin was at its lowest point at -40.75%, indicating challenges in profitability. However, there was a notable recovery in 2022 with a less negative pretax margin of -12.09%.
The pretax margin in 2019 was particularly concerning at -87.18%, reflecting a substantial loss before taxes. Overall, Hims Hers Health Inc has shown varying levels of profitability over the past five years, with improvements in recent years but still facing challenges in generating positive earnings before taxes. Further analysis and strategic management may be required to enhance the company's financial performance and sustainability.