Hims Hers Health Inc (HIMS)
Pretax margin
| Dec 31, 2024 | 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 | 71,711 | 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 | 1,476,514 | 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 | 4.86% | 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% |
December 31, 2024 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $71,711K ÷ $1,476,514K
= 4.86%
The pretax margin of Hims Hers Health Inc has shown a significant improvement over the past few years, transitioning from negative figures to positive. From March 2020 to December 2024, the pretax margin steadily improved from -33.43% to 4.86%.
The company experienced losses initially, with margins in negative double digits in 2020 and early 2021. However, there was a notable turnaround starting from March 2023, with the pretax margin gradually increasing and turning positive by the end of 2024.
This positive trend in the pretax margin indicates that the company's profitability has improved, showcasing better cost control, revenue growth, or both. Investors and stakeholders may view this upward trend favorably as it suggests a more sustainable financial performance for Hims Hers Health Inc in the future.
Peer comparison
Dec 31, 2024