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

Transocean Ltd. is the larger business by last-quarter revenue ($1.0B vs $617.8M, roughly 1.7× Hims & Hers Health, Inc.). Hims & Hers Health, Inc. runs the higher net margin — 3.3% vs 2.4%, a 0.9% gap on every dollar of revenue. On growth, Hims & Hers Health, Inc. posted the faster year-over-year revenue change (28.4% vs 9.6%). Transocean Ltd. produced more free cash flow last quarter ($321.0M vs $-2.5M). Over the past eight quarters, Hims & Hers Health, Inc.'s revenue compounded faster (49.0% CAGR vs 16.9%).

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.

Transocean Ltd. is an American drilling company. It is the world's largest offshore drilling contractor based on revenue and is based in Steinhausen, Switzerland. The company has offices in 20 countries, including Canada, the United States, Norway, United Kingdom, India, Brazil, Singapore, Indonesia, and Malaysia.

HIMS vs RIG — Head-to-Head

Bigger by revenue
RIG
RIG
1.7× larger
RIG
$1.0B
$617.8M
HIMS
Growing faster (revenue YoY)
HIMS
HIMS
+18.8% gap
HIMS
28.4%
9.6%
RIG
Higher net margin
HIMS
HIMS
0.9% more per $
HIMS
3.3%
2.4%
RIG
More free cash flow
RIG
RIG
$323.5M more FCF
RIG
$321.0M
$-2.5M
HIMS
Faster 2-yr revenue CAGR
HIMS
HIMS
Annualised
HIMS
49.0%
16.9%
RIG

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
HIMS
HIMS
RIG
RIG
Revenue
$617.8M
$1.0B
Net Profit
$20.6M
$25.0M
Gross Margin
71.9%
42.0%
Operating Margin
1.5%
23.0%
Net Margin
3.3%
2.4%
Revenue YoY
28.4%
9.6%
Net Profit YoY
-20.8%
257.1%
EPS (diluted)
$0.08
$0.13

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
RIG
RIG
Q4 25
$617.8M
$1.0B
Q3 25
$599.0M
$1.0B
Q2 25
$544.8M
$988.0M
Q1 25
$586.0M
$906.0M
Q4 24
$481.1M
$952.0M
Q3 24
$401.6M
$948.0M
Q2 24
$315.6M
$861.0M
Q1 24
$278.2M
$763.0M
Net Profit
HIMS
HIMS
RIG
RIG
Q4 25
$20.6M
$25.0M
Q3 25
$15.8M
$-1.9B
Q2 25
$42.5M
$-938.0M
Q1 25
$49.5M
$-79.0M
Q4 24
$26.0M
$7.0M
Q3 24
$75.6M
$-494.0M
Q2 24
$13.3M
$-123.0M
Q1 24
$11.1M
$98.0M
Gross Margin
HIMS
HIMS
RIG
RIG
Q4 25
71.9%
42.0%
Q3 25
73.8%
43.2%
Q2 25
76.4%
39.4%
Q1 25
73.5%
31.8%
Q4 24
76.8%
39.2%
Q3 24
79.2%
40.6%
Q2 24
81.3%
38.0%
Q1 24
82.4%
31.5%
Operating Margin
HIMS
HIMS
RIG
RIG
Q4 25
1.5%
23.0%
Q3 25
2.0%
-163.1%
Q2 25
4.9%
-97.6%
Q1 25
9.9%
7.1%
Q4 24
3.9%
13.7%
Q3 24
5.6%
-51.2%
Q2 24
3.5%
-6.9%
Q1 24
3.6%
-0.4%
Net Margin
HIMS
HIMS
RIG
RIG
Q4 25
3.3%
2.4%
Q3 25
2.6%
-187.1%
Q2 25
7.8%
-94.9%
Q1 25
8.4%
-8.7%
Q4 24
5.4%
0.7%
Q3 24
18.8%
-52.1%
Q2 24
4.2%
-14.3%
Q1 24
4.0%
12.8%
EPS (diluted)
HIMS
HIMS
RIG
RIG
Q4 25
$0.08
$0.13
Q3 25
$0.06
$-2.00
Q2 25
$0.17
$-1.06
Q1 25
$0.20
$-0.11
Q4 24
$0.10
$-0.14
Q3 24
$0.32
$-0.58
Q2 24
$0.06
$-0.15
Q1 24
$0.05
$0.11

Balance Sheet & Financial Strength

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

Metric
HIMS
HIMS
RIG
RIG
Cash + ST InvestmentsLiquidity on hand
$228.6M
$620.0M
Total DebtLower is stronger
$5.2B
Stockholders' EquityBook value
$540.9M
$8.1B
Total Assets
$2.2B
$15.6B
Debt / EquityLower = less leverage
0.64×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
HIMS
HIMS
RIG
RIG
Q4 25
$228.6M
$620.0M
Q3 25
$345.8M
$833.0M
Q2 25
$1.1B
$377.0M
Q1 25
$273.7M
$263.0M
Q4 24
$220.6M
$560.0M
Q3 24
$165.5M
$435.0M
Q2 24
$129.3M
$475.0M
Q1 24
$105.2M
$446.0M
Total Debt
HIMS
HIMS
RIG
RIG
Q4 25
$5.2B
Q3 25
$4.8B
Q2 25
$5.9B
Q1 25
$5.9B
Q4 24
$6.2B
Q3 24
$6.5B
Q2 24
$6.8B
Q1 24
$6.8B
Stockholders' Equity
HIMS
HIMS
RIG
RIG
Q4 25
$540.9M
$8.1B
Q3 25
$581.0M
$8.1B
Q2 25
$562.7M
$9.4B
Q1 25
$549.3M
$10.2B
Q4 24
$476.7M
$10.3B
Q3 24
$440.1M
$10.2B
Q2 24
$362.0M
$10.7B
Q1 24
$344.5M
$10.5B
Total Assets
HIMS
HIMS
RIG
RIG
Q4 25
$2.2B
$15.6B
Q3 25
$2.2B
$16.2B
Q2 25
$1.9B
$17.8B
Q1 25
$891.7M
$19.0B
Q4 24
$707.5M
$19.4B
Q3 24
$602.3M
$19.5B
Q2 24
$480.5M
$20.3B
Q1 24
$448.1M
$19.9B
Debt / Equity
HIMS
HIMS
RIG
RIG
Q4 25
0.64×
Q3 25
0.60×
Q2 25
0.63×
Q1 25
0.58×
Q4 24
0.60×
Q3 24
0.64×
Q2 24
0.63×
Q1 24
0.65×

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
RIG
RIG
Operating Cash FlowLast quarter
$61.3M
$349.0M
Free Cash FlowOCF − Capex
$-2.5M
$321.0M
FCF MarginFCF / Revenue
-0.4%
30.8%
Capex IntensityCapex / Revenue
10.3%
2.7%
Cash ConversionOCF / Net Profit
2.98×
13.96×
TTM Free Cash FlowTrailing 4 quarters
$57.4M
$626.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
HIMS
HIMS
RIG
RIG
Q4 25
$61.3M
$349.0M
Q3 25
$148.7M
$246.0M
Q2 25
$-19.1M
$128.0M
Q1 25
$109.1M
$26.0M
Q4 24
$86.4M
$206.0M
Q3 24
$85.3M
$194.0M
Q2 24
$53.6M
$133.0M
Q1 24
$25.8M
$-86.0M
Free Cash Flow
HIMS
HIMS
RIG
RIG
Q4 25
$-2.5M
$321.0M
Q3 25
$79.3M
$235.0M
Q2 25
$-69.5M
$104.0M
Q1 25
$50.1M
$-34.0M
Q4 24
$59.5M
$177.0M
Q3 24
$79.4M
$136.0M
Q2 24
$47.6M
$49.0M
Q1 24
$11.8M
$-169.0M
FCF Margin
HIMS
HIMS
RIG
RIG
Q4 25
-0.4%
30.8%
Q3 25
13.2%
22.9%
Q2 25
-12.8%
10.5%
Q1 25
8.5%
-3.8%
Q4 24
12.4%
18.6%
Q3 24
19.8%
14.3%
Q2 24
15.1%
5.7%
Q1 24
4.3%
-22.1%
Capex Intensity
HIMS
HIMS
RIG
RIG
Q4 25
10.3%
2.7%
Q3 25
11.6%
1.1%
Q2 25
9.3%
2.4%
Q1 25
10.1%
6.6%
Q4 24
5.6%
3.0%
Q3 24
1.5%
6.1%
Q2 24
1.9%
9.8%
Q1 24
5.0%
10.9%
Cash Conversion
HIMS
HIMS
RIG
RIG
Q4 25
2.98×
13.96×
Q3 25
9.43×
Q2 25
-0.45×
Q1 25
2.20×
Q4 24
3.32×
29.43×
Q3 24
1.13×
Q2 24
4.03×
Q1 24
2.32×
-0.88×

Financial Flow Comparison

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

Revenue Breakdown by Segment

HIMS
HIMS

Segment breakdown not available.

RIG
RIG

Ultra Deepwater Floaters$433.0M42%
BR$236.0M23%
Other Geographical$211.0M20%
Harsh Environment Floaters$163.0M16%

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