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Side-by-side financial comparison of Hims & Hers Health, Inc. (HIMS) and Sally Beauty Holdings, Inc. (SBH). Click either name above to swap in a different company.
Sally Beauty Holdings, Inc. is the larger business by last-quarter revenue ($943.2M vs $608.1M, roughly 1.6× Hims & Hers Health, Inc.). On growth, Hims & Hers Health, Inc. posted the faster year-over-year revenue change (3.8% vs 0.6%). Sally Beauty Holdings, Inc. produced more free cash flow last quarter ($57.5M vs $53.0M). Over the past eight quarters, Hims & Hers Health, Inc.'s revenue compounded faster (38.8% CAGR vs 1.9%).
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.
Sally Beauty Holdings, Inc. is an American international specialty retailer and distributor of professional beauty supplies with revenues of more than $3.9 billion annually.
HIMS vs SBH — Head-to-Head
Income Statement — Q1 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $608.1M | $943.2M |
| Net Profit | — | $45.6M |
| Gross Margin | 65.2% | 51.2% |
| Operating Margin | 21.9% | 8.1% |
| Net Margin | — | 4.8% |
| Revenue YoY | 3.8% | 0.6% |
| Net Profit YoY | — | -25.3% |
| EPS (diluted) | $-0.40 | $0.45 |
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.
| Q1 26 | $608.1M | — | ||
| Q4 25 | $617.8M | $943.2M | ||
| Q3 25 | $599.0M | $947.1M | ||
| Q2 25 | $544.8M | $933.3M | ||
| Q1 25 | $586.0M | $883.1M | ||
| Q4 24 | $481.1M | $937.9M | ||
| Q3 24 | $401.6M | $935.0M | ||
| Q2 24 | $315.6M | $942.3M |
| Q1 26 | — | — | ||
| Q4 25 | $20.6M | $45.6M | ||
| Q3 25 | $15.8M | $49.9M | ||
| Q2 25 | $42.5M | $45.7M | ||
| Q1 25 | $49.5M | $39.2M | ||
| Q4 24 | $26.0M | $61.0M | ||
| Q3 24 | $75.6M | $48.1M | ||
| Q2 24 | $13.3M | $37.7M |
| Q1 26 | 65.2% | — | ||
| Q4 25 | 71.9% | 51.2% | ||
| Q3 25 | 73.8% | 52.2% | ||
| Q2 25 | 76.4% | 51.5% | ||
| Q1 25 | 73.5% | 52.0% | ||
| Q4 24 | 76.8% | 50.8% | ||
| Q3 24 | 79.2% | 51.2% | ||
| Q2 24 | 81.3% | 51.0% |
| Q1 26 | 21.9% | — | ||
| Q4 25 | 1.5% | 8.1% | ||
| Q3 25 | 2.0% | 8.4% | ||
| Q2 25 | 4.9% | 8.4% | ||
| Q1 25 | 9.9% | 7.9% | ||
| Q4 24 | 3.9% | 10.7% | ||
| Q3 24 | 5.6% | 8.8% | ||
| Q2 24 | 3.5% | 7.6% |
| Q1 26 | — | — | ||
| Q4 25 | 3.3% | 4.8% | ||
| Q3 25 | 2.6% | 5.3% | ||
| Q2 25 | 7.8% | 4.9% | ||
| Q1 25 | 8.4% | 4.4% | ||
| Q4 24 | 5.4% | 6.5% | ||
| Q3 24 | 18.8% | 5.1% | ||
| Q2 24 | 4.2% | 4.0% |
| Q1 26 | $-0.40 | — | ||
| Q4 25 | $0.08 | $0.45 | ||
| Q3 25 | $0.06 | $0.49 | ||
| Q2 25 | $0.17 | $0.44 | ||
| Q1 25 | $0.20 | $0.38 | ||
| Q4 24 | $0.10 | $0.58 | ||
| Q3 24 | $0.32 | $0.45 | ||
| Q2 24 | $0.06 | $0.36 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $222.3M | $157.2M |
| Total DebtLower is stronger | — | $842.5M |
| Stockholders' EquityBook value | $446.2M | $823.6M |
| Total Assets | $2.3B | $2.9B |
| Debt / EquityLower = less leverage | — | 1.02× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $222.3M | — | ||
| Q4 25 | $228.6M | $157.2M | ||
| Q3 25 | $345.8M | $149.2M | ||
| Q2 25 | $1.1B | $112.8M | ||
| Q1 25 | $273.7M | $92.2M | ||
| Q4 24 | $220.6M | $105.5M | ||
| Q3 24 | $165.5M | $108.0M | ||
| Q2 24 | $129.3M | $97.4M |
| Q1 26 | — | — | ||
| Q4 25 | — | $842.5M | ||
| Q3 25 | — | $862.0M | ||
| Q2 25 | — | $882.4M | ||
| Q1 25 | — | $902.8M | ||
| Q4 24 | — | $938.1M | ||
| Q3 24 | — | $978.3M | ||
| Q2 24 | — | $978.9M |
| Q1 26 | $446.2M | — | ||
| Q4 25 | $540.9M | $823.6M | ||
| Q3 25 | $581.0M | $794.2M | ||
| Q2 25 | $562.7M | $762.9M | ||
| Q1 25 | $549.3M | $699.8M | ||
| Q4 24 | $476.7M | $656.5M | ||
| Q3 24 | $440.1M | $628.5M | ||
| Q2 24 | $362.0M | $577.7M |
| Q1 26 | $2.3B | — | ||
| Q4 25 | $2.2B | $2.9B | ||
| Q3 25 | $2.2B | $2.9B | ||
| Q2 25 | $1.9B | $2.7B | ||
| Q1 25 | $891.7M | $2.7B | ||
| Q4 24 | $707.5M | $2.7B | ||
| Q3 24 | $602.3M | $2.8B | ||
| Q2 24 | $480.5M | $2.7B |
| Q1 26 | — | — | ||
| Q4 25 | — | 1.02× | ||
| Q3 25 | — | 1.09× | ||
| Q2 25 | — | 1.16× | ||
| Q1 25 | — | 1.29× | ||
| Q4 24 | — | 1.43× | ||
| Q3 24 | — | 1.56× | ||
| Q2 24 | — | 1.69× |
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 | $89.4M | $93.2M |
| Free Cash FlowOCF − Capex | $53.0M | $57.5M |
| FCF MarginFCF / Revenue | 8.7% | 6.1% |
| Capex IntensityCapex / Revenue | — | 3.8% |
| Cash ConversionOCF / Net Profit | — | 2.05× |
| TTM Free Cash FlowTrailing 4 quarters | $60.3M | $216.8M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $89.4M | — | ||
| Q4 25 | $61.3M | $93.2M | ||
| Q3 25 | $148.7M | $120.9M | ||
| Q2 25 | $-19.1M | $69.4M | ||
| Q1 25 | $109.1M | $51.1M | ||
| Q4 24 | $86.4M | $33.5M | ||
| Q3 24 | $85.3M | $110.7M | ||
| Q2 24 | $53.6M | $47.9M |
| Q1 26 | $53.0M | — | ||
| Q4 25 | $-2.5M | $57.5M | ||
| Q3 25 | $79.3M | $78.0M | ||
| Q2 25 | $-69.5M | $49.1M | ||
| Q1 25 | $50.1M | $32.2M | ||
| Q4 24 | $59.5M | $13.4M | ||
| Q3 24 | $79.4M | $73.3M | ||
| Q2 24 | $47.6M | $28.7M |
| Q1 26 | 8.7% | — | ||
| Q4 25 | -0.4% | 6.1% | ||
| Q3 25 | 13.2% | 8.2% | ||
| Q2 25 | -12.8% | 5.3% | ||
| Q1 25 | 8.5% | 3.6% | ||
| Q4 24 | 12.4% | 1.4% | ||
| Q3 24 | 19.8% | 7.8% | ||
| Q2 24 | 15.1% | 3.1% |
| Q1 26 | — | — | ||
| Q4 25 | 10.3% | 3.8% | ||
| Q3 25 | 11.6% | 4.5% | ||
| Q2 25 | 9.3% | 2.2% | ||
| Q1 25 | 10.1% | 2.1% | ||
| Q4 24 | 5.6% | 2.1% | ||
| Q3 24 | 1.5% | 4.0% | ||
| Q2 24 | 1.9% | 2.0% |
| Q1 26 | — | — | ||
| Q4 25 | 2.98× | 2.05× | ||
| Q3 25 | 9.43× | 2.42× | ||
| Q2 25 | -0.45× | 1.52× | ||
| Q1 25 | 2.20× | 1.30× | ||
| Q4 24 | 3.32× | 0.55× | ||
| Q3 24 | 1.13× | 2.30× | ||
| Q2 24 | 4.03× | 1.27× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
HIMS
| United States Revenue | $529.9M | 87% |
| Rest of the World Revenue | $78.2M | 13% |
SBH
| Sally Beauty Supply | $531.6M | 56% |
| Beauty Systems Group | $411.6M | 44% |
