Hims Hers Health Inc (HIMS)
Pretax 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) (ttm) | US$ in thousands | 51,616 | 21,107 | 513 | -21,571 | -34,817 | -46,757 | -59,254 | -65,731 | -85,929 | -86,187 | -75,639 | -110,795 | -84,752 | -71,478 | -63,303 | -17,987 | -25,115 | -19,275 | -18,331 |
| 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 |
| Pretax margin | 4.16% | 1.98% | 0.05% | -2.47% | -4.39% | -6.58% | -9.61% | -12.47% | -19.34% | -23.06% | -23.57% | -40.75% | -37.07% | -36.51% | -37.02% | -12.09% | -19.02% | -21.24% | -33.43% |
September 30, 2024 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $51,616K ÷ $1,241,994K
= 4.16%
The pretax margin of Hims Hers Health Inc has shown fluctuations over the past few quarters. In the most recent quarter ending September 30, 2024, the pretax margin improved to 4.16%, indicating that the company generated a pretax profit of approximately 4.16% for every dollar of revenue before taxes. This is a positive sign of improved profitability compared to the previous quarter.
However, looking back over the past few quarters, the pretax margin has experienced variability with some periods showing negative margins, such as in December 2023 and September 2023. This suggests that the company faced challenges in generating profits relative to its revenue during those periods.
It's essential for Hims Hers Health Inc to consistently monitor and manage its operational efficiency, cost structure, and revenue generation strategies to sustain and improve its pretax margin over time. The trends in the pretax margin can provide valuable insights into the company's financial performance and profitability levels.