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Side-by-side financial comparison of Hims & Hers Health, Inc. (HIMS) and MODINE MANUFACTURING CO (MOD). Click either name above to swap in a different company.

MODINE MANUFACTURING CO is the larger business by last-quarter revenue ($805.0M vs $617.8M, roughly 1.3× Hims & Hers Health, Inc.). Hims & Hers Health, Inc. runs the higher net margin — 3.3% vs -5.9%, a 9.2% gap on every dollar of revenue. On growth, MODINE MANUFACTURING CO posted the faster year-over-year revenue change (30.5% vs 28.4%). Hims & Hers Health, Inc. produced more free cash flow last quarter ($-2.5M vs $-17.1M). Over the past eight quarters, Hims & Hers Health, Inc.'s revenue compounded faster (49.0% CAGR vs 15.5%).

Hims & Hers Health, Inc. is an American telehealth company established in 2017. The company provides prescription medications, over-the-counter medications, and personal care products.

Modine Manufacturing is a thermal management company established in 1916 in the United States. The company started as Modine Manufacturing Company by Arthur B Modine who patented the Spirex radiator for tractors. The Modine company manufactured the Turbotube radiator for Ford Model T cars. The company built the world's first vehicular wind tunnel in Racine, Wisconsin in 1941. During WWII, Modine manufactured aftercoolers for the P-51 Mustang fighter plane. After WWII, Modine introduced the Ai...

HIMS vs MOD — Head-to-Head

Bigger by revenue
MOD
MOD
1.3× larger
MOD
$805.0M
$617.8M
HIMS
Growing faster (revenue YoY)
MOD
MOD
+2.1% gap
MOD
30.5%
28.4%
HIMS
Higher net margin
HIMS
HIMS
9.2% more per $
HIMS
3.3%
-5.9%
MOD
More free cash flow
HIMS
HIMS
$14.6M more FCF
HIMS
$-2.5M
$-17.1M
MOD
Faster 2-yr revenue CAGR
HIMS
HIMS
Annualised
HIMS
49.0%
15.5%
MOD

Income Statement — Q4 FY2025 vs Q3 FY2026

Metric
HIMS
HIMS
MOD
MOD
Revenue
$617.8M
$805.0M
Net Profit
$20.6M
$-47.4M
Gross Margin
71.9%
23.1%
Operating Margin
1.5%
11.1%
Net Margin
3.3%
-5.9%
Revenue YoY
28.4%
30.5%
Net Profit YoY
-20.8%
-215.6%
EPS (diluted)
$0.08
$-0.90

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
HIMS
HIMS
MOD
MOD
Q4 25
$617.8M
$805.0M
Q3 25
$599.0M
$738.9M
Q2 25
$544.8M
$682.8M
Q1 25
$586.0M
$647.2M
Q4 24
$481.1M
$616.8M
Q3 24
$401.6M
$658.0M
Q2 24
$315.6M
$661.5M
Q1 24
$278.2M
$603.5M
Net Profit
HIMS
HIMS
MOD
MOD
Q4 25
$20.6M
$-47.4M
Q3 25
$15.8M
$44.4M
Q2 25
$42.5M
$51.2M
Q1 25
$49.5M
$49.6M
Q4 24
$26.0M
$41.0M
Q3 24
$75.6M
$46.1M
Q2 24
$13.3M
$47.3M
Q1 24
$11.1M
$25.8M
Gross Margin
HIMS
HIMS
MOD
MOD
Q4 25
71.9%
23.1%
Q3 25
73.8%
22.3%
Q2 25
76.4%
24.2%
Q1 25
73.5%
25.6%
Q4 24
76.8%
24.3%
Q3 24
79.2%
25.2%
Q2 24
81.3%
24.6%
Q1 24
82.4%
22.4%
Operating Margin
HIMS
HIMS
MOD
MOD
Q4 25
1.5%
11.1%
Q3 25
2.0%
9.9%
Q2 25
4.9%
11.1%
Q1 25
9.9%
11.5%
Q4 24
3.9%
9.6%
Q3 24
5.6%
11.4%
Q2 24
3.5%
11.2%
Q1 24
3.6%
7.8%
Net Margin
HIMS
HIMS
MOD
MOD
Q4 25
3.3%
-5.9%
Q3 25
2.6%
6.0%
Q2 25
7.8%
7.5%
Q1 25
8.4%
7.7%
Q4 24
5.4%
6.6%
Q3 24
18.8%
7.0%
Q2 24
4.2%
7.2%
Q1 24
4.0%
4.3%
EPS (diluted)
HIMS
HIMS
MOD
MOD
Q4 25
$0.08
$-0.90
Q3 25
$0.06
$0.83
Q2 25
$0.17
$0.95
Q1 25
$0.20
$0.92
Q4 24
$0.10
$0.76
Q3 24
$0.32
$0.86
Q2 24
$0.06
$0.88
Q1 24
$0.05
$0.48

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
HIMS
HIMS
MOD
MOD
Cash + ST InvestmentsLiquidity on hand
$228.6M
$98.7M
Total DebtLower is stronger
$570.7M
Stockholders' EquityBook value
$540.9M
$1.1B
Total Assets
$2.2B
$2.5B
Debt / EquityLower = less leverage
0.51×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
HIMS
HIMS
MOD
MOD
Q4 25
$228.6M
$98.7M
Q3 25
$345.8M
$83.8M
Q2 25
$1.1B
$124.5M
Q1 25
$273.7M
$71.6M
Q4 24
$220.6M
$83.8M
Q3 24
$165.5M
$78.6M
Q2 24
$129.3M
$72.9M
Q1 24
$105.2M
$60.1M
Total Debt
HIMS
HIMS
MOD
MOD
Q4 25
$570.7M
Q3 25
$525.8M
Q2 25
$482.1M
Q1 25
$296.7M
Q4 24
$330.0M
Q3 24
$359.1M
Q2 24
$405.7M
Q1 24
$399.9M
Stockholders' Equity
HIMS
HIMS
MOD
MOD
Q4 25
$540.9M
$1.1B
Q3 25
$581.0M
$1.1B
Q2 25
$562.7M
$1.0B
Q1 25
$549.3M
$910.2M
Q4 24
$476.7M
$855.1M
Q3 24
$440.1M
$858.8M
Q2 24
$362.0M
$788.4M
Q1 24
$344.5M
$747.6M
Total Assets
HIMS
HIMS
MOD
MOD
Q4 25
$2.2B
$2.5B
Q3 25
$2.2B
$2.4B
Q2 25
$1.9B
$2.2B
Q1 25
$891.7M
$1.9B
Q4 24
$707.5M
$1.8B
Q3 24
$602.3M
$1.9B
Q2 24
$480.5M
$1.9B
Q1 24
$448.1M
$1.9B
Debt / Equity
HIMS
HIMS
MOD
MOD
Q4 25
0.51×
Q3 25
0.50×
Q2 25
0.48×
Q1 25
0.33×
Q4 24
0.39×
Q3 24
0.42×
Q2 24
0.51×
Q1 24
0.53×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
HIMS
HIMS
MOD
MOD
Operating Cash FlowLast quarter
$61.3M
$24.7M
Free Cash FlowOCF − Capex
$-2.5M
$-17.1M
FCF MarginFCF / Revenue
-0.4%
-2.1%
Capex IntensityCapex / Revenue
10.3%
5.2%
Cash ConversionOCF / Net Profit
2.98×
TTM Free Cash FlowTrailing 4 quarters
$57.4M
$-20.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
HIMS
HIMS
MOD
MOD
Q4 25
$61.3M
$24.7M
Q3 25
$148.7M
$1.4M
Q2 25
$-19.1M
$27.7M
Q1 25
$109.1M
$54.8M
Q4 24
$86.4M
$60.7M
Q3 24
$85.3M
$57.3M
Q2 24
$53.6M
$40.5M
Q1 24
$25.8M
$39.6M
Free Cash Flow
HIMS
HIMS
MOD
MOD
Q4 25
$-2.5M
$-17.1M
Q3 25
$79.3M
$-30.5M
Q2 25
$-69.5M
$200.0K
Q1 25
$50.1M
$27.1M
Q4 24
$59.5M
$44.7M
Q3 24
$79.4M
$43.8M
Q2 24
$47.6M
$13.7M
Q1 24
$11.8M
$-4.3M
FCF Margin
HIMS
HIMS
MOD
MOD
Q4 25
-0.4%
-2.1%
Q3 25
13.2%
-4.1%
Q2 25
-12.8%
0.0%
Q1 25
8.5%
4.2%
Q4 24
12.4%
7.2%
Q3 24
19.8%
6.7%
Q2 24
15.1%
2.1%
Q1 24
4.3%
-0.7%
Capex Intensity
HIMS
HIMS
MOD
MOD
Q4 25
10.3%
5.2%
Q3 25
11.6%
4.3%
Q2 25
9.3%
4.0%
Q1 25
10.1%
4.3%
Q4 24
5.6%
2.6%
Q3 24
1.5%
2.1%
Q2 24
1.9%
4.1%
Q1 24
5.0%
7.3%
Cash Conversion
HIMS
HIMS
MOD
MOD
Q4 25
2.98×
Q3 25
9.43×
0.03×
Q2 25
-0.45×
0.54×
Q1 25
2.20×
1.10×
Q4 24
3.32×
1.48×
Q3 24
1.13×
1.24×
Q2 24
4.03×
0.86×
Q1 24
2.32×
1.53×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

HIMS
HIMS

Segment breakdown not available.

MOD
MOD

Data Centers$296.9M37%
Performance Technologies$266.0M33%
Hvac Technologies$107.1M13%
Air Cooled$92.4M11%
Lb White$25.6M3%
Climate By Design$10.2M1%
Absolutaire$7.0M1%

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