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Side-by-side financial comparison of Hims & Hers Health, Inc. (HIMS) and Madison Square Garden Entertainment Corp. (MSGE). Click either name above to swap in a different company.
Hims & Hers Health, Inc. is the larger business by last-quarter revenue ($617.8M vs $424.8M, roughly 1.5× Madison Square Garden Entertainment Corp.). Madison Square Garden Entertainment Corp. runs the higher net margin — 21.8% vs 3.3%, a 18.5% gap on every dollar of revenue. On growth, Hims & Hers Health, Inc. posted the faster year-over-year revenue change (28.4% vs 12.5%). Over the past eight quarters, Hims & Hers Health, Inc.'s revenue compounded faster (49.0% CAGR vs 48.9%).
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.
Madison Square Garden Sports Corp. is an American sports holding company based in New York City.
HIMS vs MSGE — Head-to-Head
Income Statement — Q4 FY2025 vs Q2 FY2026
| Metric | | |
|---|---|---|
| Revenue | $617.8M | $424.8M |
| Net Profit | $20.6M | $92.7M |
| Gross Margin | 71.9% | — |
| Operating Margin | 1.5% | 38.6% |
| Net Margin | 3.3% | 21.8% |
| Revenue YoY | 28.4% | 12.5% |
| Net Profit YoY | -20.8% | 22.2% |
| EPS (diluted) | $0.08 | $1.94 |
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.
| Q4 25 | $617.8M | $424.8M | ||
| Q3 25 | $599.0M | $154.1M | ||
| Q2 25 | $544.8M | $145.1M | ||
| Q1 25 | $586.0M | $206.0M | ||
| Q4 24 | $481.1M | $377.6M | ||
| Q3 24 | $401.6M | $134.1M | ||
| Q2 24 | $315.6M | $177.6M | ||
| Q1 24 | $278.2M | $191.6M |
| Q4 25 | $20.6M | $92.7M | ||
| Q3 25 | $15.8M | $-21.7M | ||
| Q2 25 | $42.5M | $-27.2M | ||
| Q1 25 | $49.5M | $8.0M | ||
| Q4 24 | $26.0M | $75.9M | ||
| Q3 24 | $75.6M | $-19.3M | ||
| Q2 24 | $13.3M | $66.9M | ||
| Q1 24 | $11.1M | $2.8M |
| Q4 25 | 71.9% | — | ||
| Q3 25 | 73.8% | — | ||
| Q2 25 | 76.4% | — | ||
| Q1 25 | 73.5% | — | ||
| Q4 24 | 76.8% | — | ||
| Q3 24 | 79.2% | — | ||
| Q2 24 | 81.3% | — | ||
| Q1 24 | 82.4% | — |
| Q4 25 | 1.5% | 38.6% | ||
| Q3 25 | 2.0% | -19.3% | ||
| Q2 25 | 4.9% | -17.7% | ||
| Q1 25 | 9.9% | 13.3% | ||
| Q4 24 | 3.9% | 36.8% | ||
| Q3 24 | 5.6% | -13.8% | ||
| Q2 24 | 3.5% | -5.0% | ||
| Q1 24 | 3.6% | 8.8% |
| Q4 25 | 3.3% | 21.8% | ||
| Q3 25 | 2.6% | -14.0% | ||
| Q2 25 | 7.8% | -18.7% | ||
| Q1 25 | 8.4% | 3.9% | ||
| Q4 24 | 5.4% | 20.1% | ||
| Q3 24 | 18.8% | -14.4% | ||
| Q2 24 | 4.2% | 37.7% | ||
| Q1 24 | 4.0% | 1.5% |
| Q4 25 | $0.08 | $1.94 | ||
| Q3 25 | $0.06 | $-0.46 | ||
| Q2 25 | $0.17 | $-0.56 | ||
| Q1 25 | $0.20 | $0.17 | ||
| Q4 24 | $0.10 | $1.56 | ||
| Q3 24 | $0.32 | $-0.40 | ||
| Q2 24 | $0.06 | $1.32 | ||
| Q1 24 | $0.05 | $0.06 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $228.6M | $157.1M |
| Total DebtLower is stronger | — | $554.6M |
| Stockholders' EquityBook value | $540.9M | $36.0M |
| Total Assets | $2.2B | $1.8B |
| Debt / EquityLower = less leverage | — | 15.40× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $228.6M | $157.1M | ||
| Q3 25 | $345.8M | $29.9M | ||
| Q2 25 | $1.1B | $43.0M | ||
| Q1 25 | $273.7M | $89.0M | ||
| Q4 24 | $220.6M | $54.9M | ||
| Q3 24 | $165.5M | $37.3M | ||
| Q2 24 | $129.3M | $33.3M | ||
| Q1 24 | $105.2M | $28.0M |
| Q4 25 | — | $554.6M | ||
| Q3 25 | — | $581.7M | ||
| Q2 25 | — | $568.8M | ||
| Q1 25 | — | $577.4M | ||
| Q4 24 | — | $584.7M | ||
| Q3 24 | — | $647.0M | ||
| Q2 24 | — | $599.2M | ||
| Q1 24 | — | $602.5M |
| Q4 25 | $540.9M | $36.0M | ||
| Q3 25 | $581.0M | $-65.8M | ||
| Q2 25 | $562.7M | $-13.3M | ||
| Q1 25 | $549.3M | $9.5M | ||
| Q4 24 | $476.7M | $10.3M | ||
| Q3 24 | $440.1M | $-48.7M | ||
| Q2 24 | $362.0M | $-23.2M | ||
| Q1 24 | $344.5M | $-94.6M |
| Q4 25 | $2.2B | $1.8B | ||
| Q3 25 | $2.2B | $1.7B | ||
| Q2 25 | $1.9B | $1.7B | ||
| Q1 25 | $891.7M | $1.7B | ||
| Q4 24 | $707.5M | $1.6B | ||
| Q3 24 | $602.3M | $1.6B | ||
| Q2 24 | $480.5M | $1.6B | ||
| Q1 24 | $448.1M | $1.5B |
| Q4 25 | — | 15.40× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | 60.61× | ||
| Q4 24 | — | 56.61× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $61.3M | $164.4M |
| Free Cash FlowOCF − Capex | $-2.5M | — |
| FCF MarginFCF / Revenue | -0.4% | — |
| Capex IntensityCapex / Revenue | 10.3% | — |
| Cash ConversionOCF / Net Profit | 2.98× | 1.77× |
| TTM Free Cash FlowTrailing 4 quarters | $57.4M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $61.3M | $164.4M | ||
| Q3 25 | $148.7M | $19.8M | ||
| Q2 25 | $-19.1M | $-27.0M | ||
| Q1 25 | $109.1M | $56.8M | ||
| Q4 24 | $86.4M | $112.9M | ||
| Q3 24 | $85.3M | $-27.4M | ||
| Q2 24 | $53.6M | $212.0K | ||
| Q1 24 | $25.8M | $5.8M |
| Q4 25 | $-2.5M | — | ||
| Q3 25 | $79.3M | — | ||
| Q2 25 | $-69.5M | — | ||
| Q1 25 | $50.1M | — | ||
| Q4 24 | $59.5M | — | ||
| Q3 24 | $79.4M | — | ||
| Q2 24 | $47.6M | — | ||
| Q1 24 | $11.8M | — |
| Q4 25 | -0.4% | — | ||
| Q3 25 | 13.2% | — | ||
| Q2 25 | -12.8% | — | ||
| Q1 25 | 8.5% | — | ||
| Q4 24 | 12.4% | — | ||
| Q3 24 | 19.8% | — | ||
| Q2 24 | 15.1% | — | ||
| Q1 24 | 4.3% | — |
| Q4 25 | 10.3% | — | ||
| Q3 25 | 11.6% | — | ||
| Q2 25 | 9.3% | — | ||
| Q1 25 | 10.1% | — | ||
| Q4 24 | 5.6% | — | ||
| Q3 24 | 1.5% | — | ||
| Q2 24 | 1.9% | — | ||
| Q1 24 | 5.0% | — |
| Q4 25 | 2.98× | 1.77× | ||
| Q3 25 | 9.43× | — | ||
| Q2 25 | -0.45× | — | ||
| Q1 25 | 2.20× | 7.07× | ||
| Q4 24 | 3.32× | 1.49× | ||
| Q3 24 | 1.13× | — | ||
| Q2 24 | 4.03× | 0.00× | ||
| Q1 24 | 2.32× | 2.08× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
HIMS
Segment breakdown not available.
MSGE
| Ticketing And Venue License Fee Revenues | $263.5M | 62% |
| Food Beverage And Merchandise Revenues | $64.3M | 15% |
| Related Party | $43.9M | 10% |
| Arena Licensing Fees And Other Leasing Revenue | $35.2M | 8% |
| Other | $15.9M | 4% |
