Hims & Hers Health, Inc. (HIMS)
Healthcare
Healthcare Facilities
Methodology Breakdown
Single-method rescue — one voting method produced a value with peer-rank corroboration. The verdict displays the dollar, but cross-method triangulation didn't reach a consensus.
| Method | Value | Role |
|---|---|---|
| Peer Multiples | $9.38 | REFERENCE |
| Book Value Anchor | $4.74 | REFERENCE |
| Cash Floor | $0.68 | REFERENCE |
| NAV Anchor | $4.74 | REFERENCE |
Verdict basis:
multiples_only
⚠️
Jun 04
Multiple stretched
z = +1.56
EV/EBITDA (173.9×) is 1.56 std deviations above its 2-year average
Health Score
Health Score
44
Out of 100
Weak
Pillar Scores
Financial Strength
55
Operating Trend
40
Valuation
30
Capital Allocation
50
Risk Management
50
Positives
↑
Net cash position — more cash on hand than total debt
+3.8
↑
Free cash flow positive — business generates real spendable cash
+2.5
↑
Decent FCF yield — 4–7%, reasonable cash return on price paid
+1.3
Concerns
↓
Historically expensive — EV/EBITDA in top 20% of its 5-year range
-6.3
↓
Weak interest coverage — earnings barely cover debt service
-3.8
↓
Altman Z-Score in distress zone — elevated bankruptcy risk
-3.0
Signal contribution:
+7.6 from strengths
-16.9 from concerns
Health Score Trend
7 snapshots
Cross-Check: Greenblatt Magic Formula
⚠ Divergent
Earnings Yield
2.2%
Rank 984 / 1256
Return on Capital
29.1%
Rank 797 / 1256
Combined Rank
22th pctl
1256 companies ranked
Our composite ranks this company higher than the Magic Formula. This is likely because our model credits growth trajectory, improving margins, or momentum signals that the Magic Formula's static snapshot does not capture.
Based on Joel Greenblatt's Magic Formula methodology. Not investment advice.
Financials
TTM Financials
| Revenue Total sales generated from the company's primary business activities over the trailing twelve months. | 2.37B |
| Gross Profit Revenue minus cost of goods sold. What remains before operating expenses — reflects pricing power and production efficiency. | 1.70B |
| Operating Income Profit from core business operations after all operating expenses (EBIT). Excludes interest and taxes. | -30.6M |
| Net Income Bottom-line profit after all expenses, interest, and taxes are deducted from revenue. | -13.2M |
| Free Cash Flow Operating cash flow minus capital expenditures. The actual cash the business generates after maintaining its assets — the truest measure of profitability. | 257.2M |
| EBITDA Earnings before interest, taxes, depreciation & amortization. A proxy for operating cash earnings that strips out accounting and financing differences. | 37.6M |
| Total Debt Combined short-term and long-term interest-bearing debt obligations. Compare against cash and earnings to gauge leverage risk. | — |
| Cash & Equivalents Highly liquid assets on hand — cash, money market funds, and short-term securities. The company's immediate financial cushion. | 222.3M |
Valuation
| Market Cap | 5.98B |
| Enterprise Value | 5.92B |
| EV / Revenue | 2.5x |
| EV / EBITDA | 157.5x |
| P/E (TTM) | -451.9x |
| Forward P/E | — |
| PEG | — |
| P/FCF | 23.3x |
| FCF Yield | 4.3% |
EV/EBITDA vs history — 84% percentile
(historically expensive)
CheapMidExpensive
EV/Sales vs history — 14% percentile
(historically cheap)
CheapMidExpensive
P/Book vs history — 41% percentile
(mid-range)
CheapMidExpensive
Relative Valuation
Using relative multiples
EV / Revenue
2.5x
Book Value / Share
$1.95
Price / Book
13.4x
Price / Sales
2.5x
Key Metrics
| Gross Margin Gross profit as a % of revenue. Measures how efficiently the company produces its goods or services — higher is better. | 71.7% |
| EBITDA Margin EBITDA as a % of revenue. Shows core operating profitability before accounting adjustments — useful for comparing across industries. | 1.6% |
| Net Margin Net income as a % of revenue. The ultimate measure of overall profitability after every expense, interest payment, and tax is accounted for. | -0.6% |
| FCF Margin Free cash flow as a % of revenue. Shows how much of each dollar of revenue converts into real, spendable cash. | 10.9% |
| Revenue Growth (YoY) Year-over-year change in total revenue. Measures business momentum — sustained growth above 15% is typically considered strong. | 32.8% |
| Net Income Growth (YoY) Year-over-year change in net income. Shows whether profits are growing faster or slower than revenue — a key indicator of improving or deteriorating quality. | -108.1% |
| Piotroski F-Score Score from 0–9 measuring financial strength across profitability, leverage, and efficiency signals. 8–9 = strong, 0–2 = distressed. | 4 / 9 |
| Altman Z-Score Bankruptcy risk model. Above 2.99 = safe zone, 1.81–2.99 = grey zone, below 1.81 = distress signal. Most useful for manufacturing companies. | 1.65 |
Community Sentiment
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Quarterly Financials
| Metric | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '25 | Q3 '24 | Q2 '24 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue Total quarterly sales from primary business operations. | 608.1M | 617.8M | 599.0M | 544.8M | 586.0M | 481.1M | 401.6M | 315.6M | 278.2M | 246.6M | 226.7M | 207.9M |
| Gross Profit Quarterly revenue minus cost of goods sold. | 396.8M | 444.4M | 442.1M | 416.2M | 430.7M | 369.5M | 317.9M | 256.6M | 229.1M | 204.1M | 187.3M | 170.2M |
| Operating Income Quarterly profit from core operations before interest and taxes (EBIT). | -78.3M | 9.2M | 11.8M | 26.7M | 57.9M | 18.6M | 22.4M | 11.0M | 9.9M | -$400,000 | -8.6M | -9.2M |
| Net Income Quarterly bottom-line profit after all expenses and taxes. | -92.1M | 20.6M | 15.8M | 42.5M | 49.5M | 26.0M | 75.6M | 13.3M | 11.1M | 1.2M | -7.6M | -7.2M |
| FCF Quarterly free cash flow: operating cash minus capital expenditures. | 80.5M | 72.9M | 128.8M | -25.1M | 98.1M | 79.3M | 85.8M | 52.9M | 25.2M | 23.8M | 20.4M | 17.7M |
Revenue & Free Cash Flow
Market Cap vs. DCF Fair Value Band
Shaded region = bear-to-bull DCF range. Line = actual market cap.
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Disclaimer: This analysis is for informational purposes only and does not constitute
investment advice. Scores and valuations are derived from SEC filings and publicly available data.
Always do your own research before making investment decisions.
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