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

Frontier Group Holdings, Inc. is the larger business by last-quarter revenue ($997.0M 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 -0.5%). Hims & Hers Health, Inc. produced more free cash flow last quarter ($53.0M vs $-113.0M). Over the past eight quarters, Hims & Hers Health, Inc.'s revenue compounded faster (38.8% CAGR vs 7.4%).

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.

Frontier Communications Parent, Inc. is an American telecommunications company with a fiber-optic network and cloud-based services owned by Verizon. It was previously known as Citizens Utilities Co., Citizens Communications Co., and Frontier Communications Corp.

HIMS vs ULCC — Head-to-Head

Bigger by revenue
ULCC
ULCC
1.6× larger
ULCC
$997.0M
$608.1M
HIMS
Growing faster (revenue YoY)
HIMS
HIMS
+4.3% gap
HIMS
3.8%
-0.5%
ULCC
More free cash flow
HIMS
HIMS
$166.0M more FCF
HIMS
$53.0M
$-113.0M
ULCC
Faster 2-yr revenue CAGR
HIMS
HIMS
Annualised
HIMS
38.8%
7.4%
ULCC

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
HIMS
HIMS
ULCC
ULCC
Revenue
$608.1M
$997.0M
Net Profit
$53.0M
Gross Margin
65.2%
Operating Margin
21.9%
4.9%
Net Margin
5.3%
Revenue YoY
3.8%
-0.5%
Net Profit YoY
-1.9%
EPS (diluted)
$-0.40
$0.24

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
ULCC
ULCC
Q1 26
$608.1M
Q4 25
$617.8M
$997.0M
Q3 25
$599.0M
$886.0M
Q2 25
$544.8M
$929.0M
Q1 25
$586.0M
$912.0M
Q4 24
$481.1M
$1.0B
Q3 24
$401.6M
$935.0M
Q2 24
$315.6M
$973.0M
Net Profit
HIMS
HIMS
ULCC
ULCC
Q1 26
Q4 25
$20.6M
$53.0M
Q3 25
$15.8M
$-77.0M
Q2 25
$42.5M
$-70.0M
Q1 25
$49.5M
$-43.0M
Q4 24
$26.0M
$54.0M
Q3 24
$75.6M
$26.0M
Q2 24
$13.3M
$31.0M
Gross Margin
HIMS
HIMS
ULCC
ULCC
Q1 26
65.2%
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%
Operating Margin
HIMS
HIMS
ULCC
ULCC
Q1 26
21.9%
Q4 25
1.5%
4.9%
Q3 25
2.0%
-8.7%
Q2 25
4.9%
-8.1%
Q1 25
9.9%
-5.0%
Q4 24
3.9%
4.5%
Q3 24
5.6%
2.0%
Q2 24
3.5%
2.6%
Net Margin
HIMS
HIMS
ULCC
ULCC
Q1 26
Q4 25
3.3%
5.3%
Q3 25
2.6%
-8.7%
Q2 25
7.8%
-7.5%
Q1 25
8.4%
-4.7%
Q4 24
5.4%
5.4%
Q3 24
18.8%
2.8%
Q2 24
4.2%
3.2%
EPS (diluted)
HIMS
HIMS
ULCC
ULCC
Q1 26
$-0.40
Q4 25
$0.08
$0.24
Q3 25
$0.06
$-0.34
Q2 25
$0.17
$-0.31
Q1 25
$0.20
$-0.19
Q4 24
$0.10
$0.24
Q3 24
$0.32
$0.11
Q2 24
$0.06
$0.14

Balance Sheet & Financial Strength

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

Metric
HIMS
HIMS
ULCC
ULCC
Cash + ST InvestmentsLiquidity on hand
$222.3M
$671.0M
Total DebtLower is stronger
$620.0M
Stockholders' EquityBook value
$446.2M
$491.0M
Total Assets
$2.3B
$7.2B
Debt / EquityLower = less leverage
1.26×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
HIMS
HIMS
ULCC
ULCC
Q1 26
$222.3M
Q4 25
$228.6M
$671.0M
Q3 25
$345.8M
$566.0M
Q2 25
$1.1B
$563.0M
Q1 25
$273.7M
$686.0M
Q4 24
$220.6M
$740.0M
Q3 24
$165.5M
$576.0M
Q2 24
$129.3M
$658.0M
Total Debt
HIMS
HIMS
ULCC
ULCC
Q1 26
Q4 25
$620.0M
Q3 25
$673.0M
Q2 25
$565.0M
Q1 25
$512.0M
Q4 24
$507.0M
Q3 24
$474.0M
Q2 24
$455.0M
Stockholders' Equity
HIMS
HIMS
ULCC
ULCC
Q1 26
$446.2M
Q4 25
$540.9M
$491.0M
Q3 25
$581.0M
$434.0M
Q2 25
$562.7M
$506.0M
Q1 25
$549.3M
$570.0M
Q4 24
$476.7M
$604.0M
Q3 24
$440.1M
$549.0M
Q2 24
$362.0M
$520.0M
Total Assets
HIMS
HIMS
ULCC
ULCC
Q1 26
$2.3B
Q4 25
$2.2B
$7.2B
Q3 25
$2.2B
$6.7B
Q2 25
$1.9B
$6.5B
Q1 25
$891.7M
$6.5B
Q4 24
$707.5M
$6.2B
Q3 24
$602.3M
$5.8B
Q2 24
$480.5M
$5.7B
Debt / Equity
HIMS
HIMS
ULCC
ULCC
Q1 26
Q4 25
1.26×
Q3 25
1.55×
Q2 25
1.12×
Q1 25
0.90×
Q4 24
0.84×
Q3 24
0.86×
Q2 24
0.88×

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
ULCC
ULCC
Operating Cash FlowLast quarter
$89.4M
$-91.0M
Free Cash FlowOCF − Capex
$53.0M
$-113.0M
FCF MarginFCF / Revenue
8.7%
-11.3%
Capex IntensityCapex / Revenue
2.2%
Cash ConversionOCF / Net Profit
-1.72×
TTM Free Cash FlowTrailing 4 quarters
$60.3M
$-600.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
HIMS
HIMS
ULCC
ULCC
Q1 26
$89.4M
Q4 25
$61.3M
$-91.0M
Q3 25
$148.7M
$-215.0M
Q2 25
$-19.1M
$-133.0M
Q1 25
$109.1M
$-86.0M
Q4 24
$86.4M
$87.0M
Q3 24
$85.3M
$-156.0M
Q2 24
$53.6M
$9.0M
Free Cash Flow
HIMS
HIMS
ULCC
ULCC
Q1 26
$53.0M
Q4 25
$-2.5M
$-113.0M
Q3 25
$79.3M
$-217.0M
Q2 25
$-69.5M
$-166.0M
Q1 25
$50.1M
$-104.0M
Q4 24
$59.5M
$73.0M
Q3 24
$79.4M
$-170.0M
Q2 24
$47.6M
$-22.0M
FCF Margin
HIMS
HIMS
ULCC
ULCC
Q1 26
8.7%
Q4 25
-0.4%
-11.3%
Q3 25
13.2%
-24.5%
Q2 25
-12.8%
-17.9%
Q1 25
8.5%
-11.4%
Q4 24
12.4%
7.3%
Q3 24
19.8%
-18.2%
Q2 24
15.1%
-2.3%
Capex Intensity
HIMS
HIMS
ULCC
ULCC
Q1 26
Q4 25
10.3%
2.2%
Q3 25
11.6%
0.2%
Q2 25
9.3%
3.6%
Q1 25
10.1%
2.0%
Q4 24
5.6%
1.4%
Q3 24
1.5%
1.5%
Q2 24
1.9%
3.2%
Cash Conversion
HIMS
HIMS
ULCC
ULCC
Q1 26
Q4 25
2.98×
-1.72×
Q3 25
9.43×
Q2 25
-0.45×
Q1 25
2.20×
Q4 24
3.32×
1.61×
Q3 24
1.13×
-6.00×
Q2 24
4.03×
0.29×

Financial Flow Comparison

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

Revenue Breakdown by Segment

HIMS
HIMS

United States Revenue$529.9M87%
Rest of the World Revenue$78.2M13%

ULCC
ULCC

Aircraft Fare$453.0M45%
Passenger Service Fees$227.0M23%
Passenger Baggage$177.0M18%
Passenger Seat Selection$69.0M7%
Other Passenger Revenue$36.0M4%
Other$35.0M4%

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