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Side-by-side financial comparison of Hims & Hers Health, Inc. (HIMS) and Teladoc Health, Inc. (TDOC). Click either name above to swap in a different company.
Teladoc Health, Inc. is the larger business by last-quarter revenue ($642.3M vs $617.8M, roughly 1.0× Hims & Hers Health, Inc.). On growth, Hims & Hers Health, Inc. posted the faster year-over-year revenue change (28.4% vs 0.3%). Teladoc Health, Inc. produced more free cash flow last quarter ($85.1M vs $-2.5M). Over the past eight quarters, Hims & Hers Health, Inc.'s revenue compounded faster (49.0% CAGR vs -0.3%).
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.
Teladoc Health, Inc. is a multinational telemedicine and virtual healthcare company headquartered in New York, New York, United States that was founded in 2002. Primary services include telehealth, medical opinions, AI and analytics, telehealth devices and licensable platform services. In particular, Teladoc Health uses telephone and videoconferencing software as well as mobile apps to provide on-demand remote medical care.
HIMS vs TDOC — Head-to-Head
Income Statement — Q4 2025 vs Q4 2025
| Metric | | |
|---|---|---|
| Revenue | $617.8M | $642.3M |
| Net Profit | $20.6M | — |
| Gross Margin | 71.9% | — |
| Operating Margin | 1.5% | -5.6% |
| Net Margin | 3.3% | — |
| Revenue YoY | 28.4% | 0.3% |
| Net Profit YoY | -20.8% | — |
| EPS (diluted) | $0.08 | $-0.14 |
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 | $642.3M | ||
| Q3 25 | $599.0M | $626.4M | ||
| Q2 25 | $544.8M | $631.9M | ||
| Q1 25 | $586.0M | $629.4M | ||
| Q4 24 | $481.1M | $640.5M | ||
| Q3 24 | $401.6M | $640.5M | ||
| Q2 24 | $315.6M | $642.4M | ||
| Q1 24 | $278.2M | $646.1M |
| Q4 25 | $20.6M | — | ||
| Q3 25 | $15.8M | $-49.5M | ||
| Q2 25 | $42.5M | $-32.7M | ||
| Q1 25 | $49.5M | $-93.0M | ||
| Q4 24 | $26.0M | — | ||
| Q3 24 | $75.6M | $-33.3M | ||
| Q2 24 | $13.3M | $-837.7M | ||
| Q1 24 | $11.1M | $-81.9M |
| 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% | -5.6% | ||
| Q3 25 | 2.0% | -8.3% | ||
| Q2 25 | 4.9% | -8.6% | ||
| Q1 25 | 9.9% | -19.2% | ||
| Q4 24 | 3.9% | -7.5% | ||
| Q3 24 | 5.6% | -6.9% | ||
| Q2 24 | 3.5% | -130.9% | ||
| Q1 24 | 3.6% | -13.5% |
| Q4 25 | 3.3% | — | ||
| Q3 25 | 2.6% | -7.9% | ||
| Q2 25 | 7.8% | -5.2% | ||
| Q1 25 | 8.4% | -14.8% | ||
| Q4 24 | 5.4% | — | ||
| Q3 24 | 18.8% | -5.2% | ||
| Q2 24 | 4.2% | -130.4% | ||
| Q1 24 | 4.0% | -12.7% |
| Q4 25 | $0.08 | $-0.14 | ||
| Q3 25 | $0.06 | $-0.28 | ||
| Q2 25 | $0.17 | $-0.19 | ||
| Q1 25 | $0.20 | $-0.53 | ||
| Q4 24 | $0.10 | $-0.27 | ||
| Q3 24 | $0.32 | $-0.19 | ||
| Q2 24 | $0.06 | $-4.92 | ||
| Q1 24 | $0.05 | $-0.49 |
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 | $781.1M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $540.9M | $1.4B |
| Total Assets | $2.2B | $2.9B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $228.6M | $781.1M | ||
| Q3 25 | $345.8M | $726.2M | ||
| Q2 25 | $1.1B | $679.6M | ||
| Q1 25 | $273.7M | $1.2B | ||
| Q4 24 | $220.6M | $1.3B | ||
| Q3 24 | $165.5M | $1.2B | ||
| Q2 24 | $129.3M | $1.2B | ||
| Q1 24 | $105.2M | $1.1B |
| Q4 25 | $540.9M | $1.4B | ||
| Q3 25 | $581.0M | $1.4B | ||
| Q2 25 | $562.7M | $1.4B | ||
| Q1 25 | $549.3M | $1.4B | ||
| Q4 24 | $476.7M | $1.5B | ||
| Q3 24 | $440.1M | $1.5B | ||
| Q2 24 | $362.0M | $1.5B | ||
| Q1 24 | $344.5M | $2.3B |
| Q4 25 | $2.2B | $2.9B | ||
| Q3 25 | $2.2B | $2.9B | ||
| Q2 25 | $1.9B | $2.9B | ||
| Q1 25 | $891.7M | $3.4B | ||
| Q4 24 | $707.5M | $3.5B | ||
| Q3 24 | $602.3M | $3.5B | ||
| Q2 24 | $480.5M | $3.5B | ||
| Q1 24 | $448.1M | $4.3B |
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 | $87.7M |
| Free Cash FlowOCF − Capex | $-2.5M | $85.1M |
| FCF MarginFCF / Revenue | -0.4% | 13.3% |
| Capex IntensityCapex / Revenue | 10.3% | 0.4% |
| Cash ConversionOCF / Net Profit | 2.98× | — |
| TTM Free Cash FlowTrailing 4 quarters | $57.4M | $285.5M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $61.3M | $87.7M | ||
| Q3 25 | $148.7M | $99.3M | ||
| Q2 25 | $-19.1M | $91.4M | ||
| Q1 25 | $109.1M | $15.9M | ||
| Q4 24 | $86.4M | $85.9M | ||
| Q3 24 | $85.3M | $110.2M | ||
| Q2 24 | $53.6M | $88.7M | ||
| Q1 24 | $25.8M | $8.9M |
| Q4 25 | $-2.5M | $85.1M | ||
| Q3 25 | $79.3M | $97.0M | ||
| Q2 25 | $-69.5M | $90.2M | ||
| Q1 25 | $50.1M | $13.2M | ||
| Q4 24 | $59.5M | $79.8M | ||
| Q3 24 | $79.4M | $108.6M | ||
| Q2 24 | $47.6M | $86.8M | ||
| Q1 24 | $11.8M | $7.8M |
| Q4 25 | -0.4% | 13.3% | ||
| Q3 25 | 13.2% | 15.5% | ||
| Q2 25 | -12.8% | 14.3% | ||
| Q1 25 | 8.5% | 2.1% | ||
| Q4 24 | 12.4% | 12.5% | ||
| Q3 24 | 19.8% | 17.0% | ||
| Q2 24 | 15.1% | 13.5% | ||
| Q1 24 | 4.3% | 1.2% |
| Q4 25 | 10.3% | 0.4% | ||
| Q3 25 | 11.6% | 0.4% | ||
| Q2 25 | 9.3% | 0.2% | ||
| Q1 25 | 10.1% | 0.4% | ||
| Q4 24 | 5.6% | 1.0% | ||
| Q3 24 | 1.5% | 0.2% | ||
| Q2 24 | 1.9% | 0.3% | ||
| Q1 24 | 5.0% | 0.2% |
| 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.
TDOC
| Teladoc Health Integrated Care | $409.1M | 64% |
| Better Help | $233.2M | 36% |
