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Side-by-side financial comparison of Hims & Hers Health, Inc. (HIMS) and Madison Square Garden Sports Corp. (MSGS). 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 $403.4M, roughly 1.5× Madison Square Garden Sports Corp.). Hims & Hers Health, Inc. runs the higher net margin — 3.3% vs 2.0%, a 1.3% gap on every dollar of revenue. On growth, Hims & Hers Health, Inc. posted the faster year-over-year revenue change (28.4% vs 12.8%). Madison Square Garden Sports Corp. produced more free cash flow last quarter ($31.6M vs $-2.5M). Over the past eight quarters, Hims & Hers Health, Inc.'s revenue compounded faster (49.0% CAGR vs -3.1%).
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 MSGS — Head-to-Head
Income Statement — Q4 FY2025 vs Q2 FY2026
| Metric | | |
|---|---|---|
| Revenue | $617.8M | $403.4M |
| Net Profit | $20.6M | $8.2M |
| Gross Margin | 71.9% | — |
| Operating Margin | 1.5% | 5.5% |
| Net Margin | 3.3% | 2.0% |
| Revenue YoY | 28.4% | 12.8% |
| Net Profit YoY | -20.8% | 641.9% |
| EPS (diluted) | $0.08 | $0.34 |
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 | $403.4M | ||
| Q3 25 | $599.0M | $39.5M | ||
| Q2 25 | $544.8M | $204.0M | ||
| Q1 25 | $586.0M | $424.2M | ||
| Q4 24 | $481.1M | $357.8M | ||
| Q3 24 | $401.6M | $53.3M | ||
| Q2 24 | $315.6M | $227.3M | ||
| Q1 24 | $278.2M | $430.0M |
| Q4 25 | $20.6M | $8.2M | ||
| Q3 25 | $15.8M | $-8.8M | ||
| Q2 25 | $42.5M | $-1.8M | ||
| Q1 25 | $49.5M | $-14.2M | ||
| Q4 24 | $26.0M | $1.1M | ||
| Q3 24 | $75.6M | $-7.5M | ||
| Q2 24 | $13.3M | $25.5M | ||
| Q1 24 | $11.1M | $37.9M |
| 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% | 5.5% | ||
| Q3 25 | 2.0% | -69.5% | ||
| Q2 25 | 4.9% | -11.1% | ||
| Q1 25 | 9.9% | 7.6% | ||
| Q4 24 | 3.9% | 3.7% | ||
| Q3 24 | 5.6% | -15.5% | ||
| Q2 24 | 3.5% | 23.0% | ||
| Q1 24 | 3.6% | 18.5% |
| Q4 25 | 3.3% | 2.0% | ||
| Q3 25 | 2.6% | -22.3% | ||
| Q2 25 | 7.8% | -0.9% | ||
| Q1 25 | 8.4% | -3.4% | ||
| Q4 24 | 5.4% | 0.3% | ||
| Q3 24 | 18.8% | -14.1% | ||
| Q2 24 | 4.2% | 11.2% | ||
| Q1 24 | 4.0% | 8.8% |
| Q4 25 | $0.08 | $0.34 | ||
| Q3 25 | $0.06 | $-0.37 | ||
| Q2 25 | $0.17 | $-0.08 | ||
| Q1 25 | $0.20 | $-0.59 | ||
| Q4 24 | $0.10 | $0.05 | ||
| Q3 24 | $0.32 | $-0.31 | ||
| Q2 24 | $0.06 | $1.07 | ||
| Q1 24 | $0.05 | $1.57 |
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 | $81.3M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $540.9M | $-282.1M |
| Total Assets | $2.2B | $1.5B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $228.6M | $81.3M | ||
| Q3 25 | $345.8M | $48.6M | ||
| Q2 25 | $1.1B | $144.6M | ||
| Q1 25 | $273.7M | $96.5M | ||
| Q4 24 | $220.6M | $107.8M | ||
| Q3 24 | $165.5M | $52.3M | ||
| Q2 24 | $129.3M | $89.1M | ||
| Q1 24 | $105.2M | $40.0M |
| Q4 25 | $540.9M | $-282.1M | ||
| Q3 25 | $581.0M | $-294.2M | ||
| Q2 25 | $562.7M | $-281.4M | ||
| Q1 25 | $549.3M | $-283.4M | ||
| Q4 24 | $476.7M | $-273.1M | ||
| Q3 24 | $440.1M | $-277.5M | ||
| Q2 24 | $362.0M | $-266.3M | ||
| Q1 24 | $344.5M | $-294.0M |
| Q4 25 | $2.2B | $1.5B | ||
| Q3 25 | $2.2B | $1.5B | ||
| Q2 25 | $1.9B | $1.5B | ||
| Q1 25 | $891.7M | $1.5B | ||
| Q4 24 | $707.5M | $1.4B | ||
| Q3 24 | $602.3M | $1.4B | ||
| Q2 24 | $480.5M | $1.3B | ||
| Q1 24 | $448.1M | $1.4B |
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 | $32.4M |
| Free Cash FlowOCF − Capex | $-2.5M | $31.6M |
| FCF MarginFCF / Revenue | -0.4% | 7.8% |
| Capex IntensityCapex / Revenue | 10.3% | 0.2% |
| Cash ConversionOCF / Net Profit | 2.98× | 3.94× |
| TTM Free Cash FlowTrailing 4 quarters | $57.4M | $-480.0K |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $61.3M | $32.4M | ||
| Q3 25 | $148.7M | $-85.0M | ||
| Q2 25 | $-19.1M | $49.7M | ||
| Q1 25 | $109.1M | $6.3M | ||
| Q4 24 | $86.4M | $61.8M | ||
| Q3 24 | $85.3M | $-26.2M | ||
| Q2 24 | $53.6M | $108.4M | ||
| Q1 24 | $25.8M | $4.0M |
| Q4 25 | $-2.5M | $31.6M | ||
| Q3 25 | $79.3M | $-85.3M | ||
| Q2 25 | $-69.5M | $49.4M | ||
| Q1 25 | $50.1M | $3.9M | ||
| Q4 24 | $59.5M | $61.2M | ||
| Q3 24 | $79.4M | $-26.5M | ||
| Q2 24 | $47.6M | $108.0M | ||
| Q1 24 | $11.8M | $3.9M |
| Q4 25 | -0.4% | 7.8% | ||
| Q3 25 | 13.2% | -216.3% | ||
| Q2 25 | -12.8% | 24.2% | ||
| Q1 25 | 8.5% | 0.9% | ||
| Q4 24 | 12.4% | 17.1% | ||
| Q3 24 | 19.8% | -49.7% | ||
| Q2 24 | 15.1% | 47.5% | ||
| Q1 24 | 4.3% | 0.9% |
| Q4 25 | 10.3% | 0.2% | ||
| Q3 25 | 11.6% | 0.9% | ||
| Q2 25 | 9.3% | 0.2% | ||
| Q1 25 | 10.1% | 0.6% | ||
| Q4 24 | 5.6% | 0.1% | ||
| Q3 24 | 1.5% | 0.7% | ||
| Q2 24 | 1.9% | 0.2% | ||
| Q1 24 | 5.0% | 0.0% |
| Q4 25 | 2.98× | 3.94× | ||
| Q3 25 | 9.43× | — | ||
| Q2 25 | -0.45× | — | ||
| Q1 25 | 2.20× | — | ||
| Q4 24 | 3.32× | 55.61× | ||
| Q3 24 | 1.13× | — | ||
| Q2 24 | 4.03× | 4.25× | ||
| Q1 24 | 2.32× | 0.11× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
HIMS
Segment breakdown not available.
MSGS
| Event Related | $167.2M | 41% |
| Media Rights | $122.3M | 30% |
| Sponsorship Signage And Suite Licenses | $98.5M | 24% |
| League Distribution | $15.4M | 4% |
