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Side-by-side financial comparison of Hims & Hers Health, Inc. (HIMS) and Cloudflare, Inc. (NET). 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 $614.5M, roughly 1.0× Cloudflare, Inc.). Hims & Hers Health, Inc. runs the higher net margin — 3.3% vs -2.0%, a 5.3% gap on every dollar of revenue. On growth, Cloudflare, Inc. posted the faster year-over-year revenue change (33.6% vs 28.4%). Cloudflare, Inc. produced more free cash flow last quarter ($105.2M vs $-2.5M). Over the past eight quarters, Hims & Hers Health, Inc.'s revenue compounded faster (49.0% CAGR vs 27.4%).
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.
Cloudflare, Inc. is an American technology company headquartered in San Francisco, California, that provides a range of internet services, including content delivery network (CDN) services, cloud cybersecurity, DDoS mitigation, and ICANN-accredited domain registration. The company's services act primarily as a reverse proxy between website visitors and a customer's hosting provider, improving performance and protecting against malicious traffic.
HIMS vs NET — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $617.8M | $614.5M |
| Net Profit | $20.6M | $-12.1M |
| Gross Margin | 71.9% | 73.6% |
| Operating Margin | 1.5% | -8.0% |
| Net Margin | 3.3% | -2.0% |
| Revenue YoY | 28.4% | 33.6% |
| Net Profit YoY | -20.8% | 6.0% |
| EPS (diluted) | $0.08 | $-0.03 |
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 | $614.5M | ||
| Q3 25 | $599.0M | $562.0M | ||
| Q2 25 | $544.8M | $512.3M | ||
| Q1 25 | $586.0M | $479.1M | ||
| Q4 24 | $481.1M | $459.9M | ||
| Q3 24 | $401.6M | $430.1M | ||
| Q2 24 | $315.6M | $401.0M | ||
| Q1 24 | $278.2M | $378.6M |
| Q4 25 | $20.6M | $-12.1M | ||
| Q3 25 | $15.8M | $-1.3M | ||
| Q2 25 | $42.5M | $-50.4M | ||
| Q1 25 | $49.5M | $-38.5M | ||
| Q4 24 | $26.0M | $-12.8M | ||
| Q3 24 | $75.6M | $-15.3M | ||
| Q2 24 | $13.3M | $-15.1M | ||
| Q1 24 | $11.1M | $-35.5M |
| Q4 25 | 71.9% | 73.6% | ||
| Q3 25 | 73.8% | 74.0% | ||
| Q2 25 | 76.4% | 74.9% | ||
| Q1 25 | 73.5% | 75.9% | ||
| Q4 24 | 76.8% | 76.4% | ||
| Q3 24 | 79.2% | 77.7% | ||
| Q2 24 | 81.3% | 77.8% | ||
| Q1 24 | 82.4% | 77.5% |
| Q4 25 | 1.5% | -8.0% | ||
| Q3 25 | 2.0% | -6.7% | ||
| Q2 25 | 4.9% | -13.1% | ||
| Q1 25 | 9.9% | -11.1% | ||
| Q4 24 | 3.9% | -7.5% | ||
| Q3 24 | 5.6% | -7.2% | ||
| Q2 24 | 3.5% | -8.7% | ||
| Q1 24 | 3.6% | -14.4% |
| Q4 25 | 3.3% | -2.0% | ||
| Q3 25 | 2.6% | -0.2% | ||
| Q2 25 | 7.8% | -9.8% | ||
| Q1 25 | 8.4% | -8.0% | ||
| Q4 24 | 5.4% | -2.8% | ||
| Q3 24 | 18.8% | -3.6% | ||
| Q2 24 | 4.2% | -3.8% | ||
| Q1 24 | 4.0% | -9.4% |
| Q4 25 | $0.08 | $-0.03 | ||
| Q3 25 | $0.06 | $0.00 | ||
| Q2 25 | $0.17 | $-0.15 | ||
| Q1 25 | $0.20 | $-0.11 | ||
| Q4 24 | $0.10 | $-0.05 | ||
| Q3 24 | $0.32 | $-0.04 | ||
| Q2 24 | $0.06 | $-0.04 | ||
| Q1 24 | $0.05 | $-0.10 |
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 | $943.5M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $540.9M | $1.5B |
| Total Assets | $2.2B | $6.0B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $228.6M | $943.5M | ||
| Q3 25 | $345.8M | $1.1B | ||
| Q2 25 | $1.1B | $1.5B | ||
| Q1 25 | $273.7M | $204.5M | ||
| Q4 24 | $220.6M | $147.7M | ||
| Q3 24 | $165.5M | $182.9M | ||
| Q2 24 | $129.3M | $157.0M | ||
| Q1 24 | $105.2M | $254.4M |
| Q4 25 | $540.9M | $1.5B | ||
| Q3 25 | $581.0M | $1.3B | ||
| Q2 25 | $562.7M | $1.2B | ||
| Q1 25 | $549.3M | $1.4B | ||
| Q4 24 | $476.7M | $1.0B | ||
| Q3 24 | $440.1M | $973.1M | ||
| Q2 24 | $362.0M | $881.5M | ||
| Q1 24 | $344.5M | $797.2M |
| Q4 25 | $2.2B | $6.0B | ||
| Q3 25 | $2.2B | $5.8B | ||
| Q2 25 | $1.9B | $5.6B | ||
| Q1 25 | $891.7M | $3.7B | ||
| Q4 24 | $707.5M | $3.3B | ||
| Q3 24 | $602.3M | $3.1B | ||
| Q2 24 | $480.5M | $2.9B | ||
| Q1 24 | $448.1M | $2.8B |
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 | $190.4M |
| Free Cash FlowOCF − Capex | $-2.5M | $105.2M |
| FCF MarginFCF / Revenue | -0.4% | 17.1% |
| Capex IntensityCapex / Revenue | 10.3% | 13.9% |
| Cash ConversionOCF / Net Profit | 2.98× | — |
| TTM Free Cash FlowTrailing 4 quarters | $57.4M | $287.5M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $61.3M | $190.4M | ||
| Q3 25 | $148.7M | $167.1M | ||
| Q2 25 | $-19.1M | $99.8M | ||
| Q1 25 | $109.1M | $145.8M | ||
| Q4 24 | $86.4M | $127.3M | ||
| Q3 24 | $85.3M | $104.7M | ||
| Q2 24 | $53.6M | $74.8M | ||
| Q1 24 | $25.8M | $73.6M |
| Q4 25 | $-2.5M | $105.2M | ||
| Q3 25 | $79.3M | $82.5M | ||
| Q2 25 | $-69.5M | $39.9M | ||
| Q1 25 | $50.1M | $59.9M | ||
| Q4 24 | $59.5M | $54.2M | ||
| Q3 24 | $79.4M | $54.5M | ||
| Q2 24 | $47.6M | $45.2M | ||
| Q1 24 | $11.8M | $41.5M |
| Q4 25 | -0.4% | 17.1% | ||
| Q3 25 | 13.2% | 14.7% | ||
| Q2 25 | -12.8% | 7.8% | ||
| Q1 25 | 8.5% | 12.5% | ||
| Q4 24 | 12.4% | 11.8% | ||
| Q3 24 | 19.8% | 12.7% | ||
| Q2 24 | 15.1% | 11.3% | ||
| Q1 24 | 4.3% | 11.0% |
| Q4 25 | 10.3% | 13.9% | ||
| Q3 25 | 11.6% | 15.1% | ||
| Q2 25 | 9.3% | 11.7% | ||
| Q1 25 | 10.1% | 17.9% | ||
| Q4 24 | 5.6% | 15.9% | ||
| Q3 24 | 1.5% | 11.7% | ||
| Q2 24 | 1.9% | 7.4% | ||
| Q1 24 | 5.0% | 8.5% |
| Q4 25 | 2.98× | — | ||
| Q3 25 | 9.43× | — | ||
| Q2 25 | -0.45× | — | ||
| Q1 25 | 2.20× | — | ||
| Q4 24 | 3.32× | — | ||
| Q3 24 | 1.13× | — | ||
| Q2 24 | 4.03× | — | ||
| Q1 24 | 2.32× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
HIMS
Segment breakdown not available.
NET
| Sales Channel Directly To Consumer | $438.5M | 71% |
| Sales Channel Through Intermediary | $176.0M | 29% |
