Hims & Hers Health (HIMS) Net Margin (2020 - 2026)
Hims & Hers Health (HIMS) recorded Net Margin of -11.46% in Q2 2026, down 19.26 percentage points from 7.80% a year earlier but up 3.69 percentage points from the prior quarter.
Powered by 
Analysis
Hims & Hers Health (HIMS) Net Margin (2020 - 2026) Analysis & Trends
On a TTM basis, Hims & Hers Health's Net Margin came in at -5.51% as of Jun 30, 2026, down 15.12 percentage points year-over-year; for FY2025, it came in at 5.47%, down 3.07 percentage points from FY2024.
- Annual Net Margin has a five-year change of +17.65 percentage points (FY2020 to FY2025).
- Across earlier years, Net Margin came in at 8.54% in FY2024 (+11.24 pp), -2.70% in FY2023 (+9.76 pp), -12.46% in FY2022 (+27.13 pp) and -39.60% in FY2021 (-27.42 pp).
- Quarterly Net Margin has ranged from -36.79% in Q4 2021 to 18.82% in Q3 2024 over the past five years.
- On a year-over-year basis, Net Margin has declined for four consecutive quarters, with an average year-over-year change of -3.25 percentage points over the last eight quarters.
- Peak year-over-year performance for Net Margin in the last five years was a gain of 82.22 percentage points in Q1 2022, against a drop of 24.18 percentage points in Q4 2021 at the low end.
- Per Business Quant, the preceding three quarters came in at -15.15% (Q1 2026), 3.34% (Q4 2025) and 2.63% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | HCA Healthcare | 94.08 Bn | 93.52 Bn | - | 8.40% |
| 2 | Natera | 59.53 Bn | 55.21 Bn | 485.19 Mn | -8.90% |
| 3 | Quest Diagnostics | 25.60 Bn | 24.03 Bn | 1.03 Bn | 10.52% |
| 4 | Labcorp Holdings | 24.98 Bn | 22.75 Bn | 1.11 Bn | 8.01% |
| 5 | Guardant Health | 23.75 Bn | 19.81 Bn | 219.03 Mn | -35.87% |
| 6 | Tenet Healthcare | 20.75 Bn | 11.90 Bn | - | 14.68% |
| 7 | Tempus AI | 14.47 Bn | 11.50 Bn | 246.50 Mn | 1.48% |
| 8 | Encompass Health | 12.19 Bn | 12.65 Bn | - | 9.63% |
| 9 | Davita | 11.20 Bn | 9.97 Bn | 1.16 Bn | 7.47% |
| 10 | Hims & Hers Health | 6.70 Bn | 3.90 Bn | 480.80 Mn | -11.46% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -11.46% |
| Mar 31, 2026 | -15.15% |
| Dec 31, 2025 | 3.34% |
| Sep 30, 2025 | 2.63% |
| Jun 30, 2025 | 7.80% |
| Mar 31, 2025 | 8.44% |
| Dec 31, 2024 | 5.41% |
| Sep 30, 2024 | 18.82% |
| Jun 30, 2024 | 4.21% |
| Mar 31, 2024 | 4.00% |
| Dec 31, 2023 | 0.50% |
| Sep 30, 2023 | -3.34% |
| Jun 30, 2023 | -3.44% |
| Mar 31, 2023 | -5.28% |
| Dec 31, 2022 | -6.52% |
| Sep 30, 2022 | -13.01% |
| Jun 30, 2022 | -17.33% |
| Mar 31, 2022 | -16.04% |
| Dec 31, 2021 | -36.79% |
| Sep 30, 2021 | -21.49% |
API Access
Hims & Hers Health Net Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=net-margin&ticker=HIMS&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "net-margin", "ticker": "HIMS", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=net-margin&ticker=HIMS&period=max&api_key=YOUR_API_KEY");
const data = await res.json();