Hims Hers Health Inc (HIMS)
Pretax margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) | US$ in thousands | 71,711 | -21,571 | -65,731 | -110,795 | -17,987 |
| Revenue | US$ in thousands | 1,476,510 | 872,000 | 526,916 | 271,878 | 148,757 |
| Pretax margin | 4.86% | -2.47% | -12.47% | -40.75% | -12.09% |
December 31, 2024 calculation
Pretax margin = EBT ÷ Revenue
= $71,711K ÷ $1,476,510K
= 4.86%
The pretax margin of Hims Hers Health Inc has fluctuated over the years.
In December 2020, the pretax margin was -12.09%, indicating that the company's expenses exceeded its pre-tax earnings, leading to a negative margin.
By December 2021, the pretax margin worsened significantly to -40.75%, reflecting a substantial decrease in profitability and potential financial challenges for the company.
However, the trend reversed in December 2022 with a pretax margin of -12.47%, showing some improvement compared to the previous year but still indicating that the company was not generating significant profits before tax.
In December 2023, there was a further improvement with a pretax margin of -2.47%, suggesting that the company's financial performance was moving in a more positive direction.
By December 2024, the pretax margin turned positive, reaching 4.86%, signaling that the company was able to generate profits before taxes and improve its overall financial health.
Overall, the fluctuating pretax margins indicate the company's varying levels of profitability and financial performance over the years, with a turnaround towards profitability in 2024.
Peer comparison
Dec 31, 2024