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Side-by-side financial comparison of Hims & Hers Health, Inc. (HIMS) and NATIONAL FUEL GAS CO (NFG). 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 $425.9M, roughly 1.5× NATIONAL FUEL GAS CO). NATIONAL FUEL GAS CO runs the higher net margin — 35.7% vs 3.3%, a 32.4% gap on every dollar of revenue. On growth, Hims & Hers Health, Inc. posted the faster year-over-year revenue change (28.4% vs 1.7%). Over the past eight quarters, Hims & Hers Health, Inc.'s revenue compounded faster (49.0% CAGR vs 12.1%).

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.

National Fuel Gas Company is a diversified energy company with $6.2 billion in assets distributed among the following five operating segments: Exploration and Production, Pipeline and Storage, Gathering, Utility, and Energy Marketing. National Fuel Gas was incorporated in 1902 and is based in Williamsville, New York.

HIMS vs NFG — Head-to-Head

Bigger by revenue
HIMS
HIMS
1.5× larger
HIMS
$617.8M
$425.9M
NFG
Growing faster (revenue YoY)
HIMS
HIMS
+26.7% gap
HIMS
28.4%
1.7%
NFG
Higher net margin
NFG
NFG
32.4% more per $
NFG
35.7%
3.3%
HIMS
Faster 2-yr revenue CAGR
HIMS
HIMS
Annualised
HIMS
49.0%
12.1%
NFG

Income Statement — Q4 FY2025 vs Q2 FY2026

Metric
HIMS
HIMS
NFG
NFG
Revenue
$617.8M
$425.9M
Net Profit
$20.6M
$152.0M
Gross Margin
71.9%
Operating Margin
1.5%
81.5%
Net Margin
3.3%
35.7%
Revenue YoY
28.4%
1.7%
Net Profit YoY
-20.8%
EPS (diluted)
$0.08
$1.59

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
NFG
NFG
Q1 26
$425.9M
Q4 25
$617.8M
$637.9M
Q3 25
$599.0M
$443.1M
Q2 25
$544.8M
$527.4M
Q1 25
$586.0M
$734.8M
Q4 24
$481.1M
$513.8M
Q3 24
$401.6M
$310.0M
Q2 24
$315.6M
$338.6M
Net Profit
HIMS
HIMS
NFG
NFG
Q1 26
$152.0M
Q4 25
$20.6M
$181.6M
Q3 25
$15.8M
$107.3M
Q2 25
$42.5M
$149.8M
Q1 25
$49.5M
$216.4M
Q4 24
$26.0M
$45.0M
Q3 24
$75.6M
$-167.6M
Q2 24
$13.3M
$-54.2M
Gross Margin
HIMS
HIMS
NFG
NFG
Q1 26
Q4 25
71.9%
86.6%
Q3 25
73.8%
Q2 25
76.4%
94.7%
Q1 25
73.5%
81.6%
Q4 24
76.8%
87.3%
Q3 24
79.2%
Q2 24
81.3%
98.5%
Operating Margin
HIMS
HIMS
NFG
NFG
Q1 26
81.5%
Q4 25
1.5%
43.3%
Q3 25
2.0%
40.6%
Q2 25
4.9%
43.7%
Q1 25
9.9%
43.2%
Q4 24
3.9%
16.8%
Q3 24
5.6%
-63.4%
Q2 24
3.5%
-15.2%
Net Margin
HIMS
HIMS
NFG
NFG
Q1 26
35.7%
Q4 25
3.3%
28.5%
Q3 25
2.6%
24.2%
Q2 25
7.8%
28.4%
Q1 25
8.4%
29.4%
Q4 24
5.4%
8.8%
Q3 24
18.8%
-54.1%
Q2 24
4.2%
-16.0%
EPS (diluted)
HIMS
HIMS
NFG
NFG
Q1 26
$1.59
Q4 25
$0.08
$1.98
Q3 25
$0.06
$1.18
Q2 25
$0.17
$1.64
Q1 25
$0.20
$2.37
Q4 24
$0.10
$0.49
Q3 24
$0.32
$-1.81
Q2 24
$0.06
$-0.59

Balance Sheet & Financial Strength

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

Metric
HIMS
HIMS
NFG
NFG
Cash + ST InvestmentsLiquidity on hand
$228.6M
Total DebtLower is stronger
$300.0M
Stockholders' EquityBook value
$540.9M
Total Assets
$2.2B
$9.1B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
HIMS
HIMS
NFG
NFG
Q1 26
Q4 25
$228.6M
$271.4M
Q3 25
$345.8M
$43.2M
Q2 25
$1.1B
$39.3M
Q1 25
$273.7M
$40.0M
Q4 24
$220.6M
$48.7M
Q3 24
$165.5M
$38.2M
Q2 24
$129.3M
$81.4M
Total Debt
HIMS
HIMS
NFG
NFG
Q1 26
$300.0M
Q4 25
$2.7B
Q3 25
$2.7B
Q2 25
$2.7B
Q1 25
$2.7B
Q4 24
$2.7B
Q3 24
$2.7B
Q2 24
$2.7B
Stockholders' Equity
HIMS
HIMS
NFG
NFG
Q1 26
Q4 25
$540.9M
$3.6B
Q3 25
$581.0M
$3.1B
Q2 25
$562.7M
$3.0B
Q1 25
$549.3M
$2.8B
Q4 24
$476.7M
$-76.2M
Q3 24
$440.1M
$-15.5M
Q2 24
$362.0M
$5.0M
Total Assets
HIMS
HIMS
NFG
NFG
Q1 26
$9.1B
Q4 25
$2.2B
$9.2B
Q3 25
$2.2B
$8.7B
Q2 25
$1.9B
$8.4B
Q1 25
$891.7M
$8.5B
Q4 24
$707.5M
$8.3B
Q3 24
$602.3M
$8.3B
Q2 24
$480.5M
$8.5B
Debt / Equity
HIMS
HIMS
NFG
NFG
Q1 26
Q4 25
0.75×
Q3 25
0.87×
Q2 25
0.90×
Q1 25
0.99×
Q4 24
Q3 24
Q2 24
532.10×

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
NFG
NFG
Operating Cash FlowLast quarter
$61.3M
$657.3M
Free Cash FlowOCF − Capex
$-2.5M
FCF MarginFCF / Revenue
-0.4%
Capex IntensityCapex / Revenue
10.3%
117.0%
Cash ConversionOCF / Net Profit
2.98×
4.32×
TTM Free Cash FlowTrailing 4 quarters
$57.4M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
HIMS
HIMS
NFG
NFG
Q1 26
$657.3M
Q4 25
$61.3M
$274.9M
Q3 25
$148.7M
$237.8M
Q2 25
$-19.1M
$388.4M
Q1 25
$109.1M
$253.8M
Q4 24
$86.4M
$220.1M
Q3 24
$85.3M
$197.9M
Q2 24
$53.6M
$281.8M
Free Cash Flow
HIMS
HIMS
NFG
NFG
Q1 26
Q4 25
$-2.5M
$-2.7M
Q3 25
$79.3M
$-47.8M
Q2 25
$-69.5M
$195.3M
Q1 25
$50.1M
$59.9M
Q4 24
$59.5M
$-20.3M
Q3 24
$79.4M
$-49.1M
Q2 24
$47.6M
$79.5M
FCF Margin
HIMS
HIMS
NFG
NFG
Q1 26
Q4 25
-0.4%
-0.4%
Q3 25
13.2%
-10.8%
Q2 25
-12.8%
37.0%
Q1 25
8.5%
8.2%
Q4 24
12.4%
-4.0%
Q3 24
19.8%
-15.8%
Q2 24
15.1%
23.5%
Capex Intensity
HIMS
HIMS
NFG
NFG
Q1 26
117.0%
Q4 25
10.3%
43.5%
Q3 25
11.6%
64.4%
Q2 25
9.3%
36.6%
Q1 25
10.1%
26.4%
Q4 24
5.6%
46.8%
Q3 24
1.5%
79.7%
Q2 24
1.9%
59.7%
Cash Conversion
HIMS
HIMS
NFG
NFG
Q1 26
4.32×
Q4 25
2.98×
1.51×
Q3 25
9.43×
2.21×
Q2 25
-0.45×
2.59×
Q1 25
2.20×
1.17×
Q4 24
3.32×
4.89×
Q3 24
1.13×
Q2 24
4.03×

Financial Flow Comparison

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

Revenue Breakdown by Segment

HIMS
HIMS

Segment breakdown not available.

NFG
NFG

Revenues from External Customers$425.8M100%
Intersegment Revenues$126.0K0%

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