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Side-by-side financial comparison of Hims & Hers Health, Inc. (HIMS) and Wendy's Co (WEN). 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 $543.0M, roughly 1.1× Wendy's Co). Wendy's Co runs the higher net margin — 4.9% vs 3.3%, a 1.5% gap on every dollar of revenue. On growth, Hims & Hers Health, Inc. posted the faster year-over-year revenue change (28.4% vs -5.5%). Wendy's Co produced more free cash flow last quarter ($31.4M vs $-2.5M). Over the past eight quarters, Hims & Hers Health, Inc.'s revenue compounded faster (49.0% CAGR vs 0.8%).
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.
The Wendy's Company is an American fast food corporation and the holding company for Wendy's and First Kitchen. Originally founded as the Deisel-Wemmer Company, it is headquartered in Dublin, Ohio. The company's principal subsidiary, Wendy's International, is the franchisor of Wendy's restaurants.
HIMS vs WEN — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $617.8M | $543.0M |
| Net Profit | $20.6M | $26.5M |
| Gross Margin | 71.9% | 62.7% |
| Operating Margin | 1.5% | 11.8% |
| Net Margin | 3.3% | 4.9% |
| Revenue YoY | 28.4% | -5.5% |
| Net Profit YoY | -20.8% | -44.2% |
| 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 | $543.0M | ||
| Q3 25 | $599.0M | $549.5M | ||
| Q2 25 | $544.8M | $560.9M | ||
| Q1 25 | $586.0M | $523.5M | ||
| Q4 24 | $481.1M | $574.3M | ||
| Q3 24 | $401.6M | $566.7M | ||
| Q2 24 | $315.6M | $570.7M | ||
| Q1 24 | $278.2M | $534.8M |
| Q4 25 | $20.6M | $26.5M | ||
| Q3 25 | $15.8M | $44.3M | ||
| Q2 25 | $42.5M | $55.1M | ||
| Q1 25 | $49.5M | $39.2M | ||
| Q4 24 | $26.0M | $47.5M | ||
| Q3 24 | $75.6M | $50.2M | ||
| Q2 24 | $13.3M | $54.6M | ||
| Q1 24 | $11.1M | $42.0M |
| Q4 25 | 71.9% | 62.7% | ||
| Q3 25 | 73.8% | 62.8% | ||
| Q2 25 | 76.4% | 65.0% | ||
| Q1 25 | 73.5% | 64.1% | ||
| Q4 24 | 76.8% | 65.9% | ||
| Q3 24 | 79.2% | 65.5% | ||
| Q2 24 | 81.3% | 65.0% | ||
| Q1 24 | 82.4% | 64.1% |
| Q4 25 | 1.5% | 11.8% | ||
| Q3 25 | 2.0% | 16.8% | ||
| Q2 25 | 4.9% | 18.6% | ||
| Q1 25 | 9.9% | 15.9% | ||
| Q4 24 | 3.9% | 16.7% | ||
| Q3 24 | 5.6% | 16.7% | ||
| Q2 24 | 3.5% | 17.4% | ||
| Q1 24 | 3.6% | 15.2% |
| Q4 25 | 3.3% | 4.9% | ||
| Q3 25 | 2.6% | 8.1% | ||
| Q2 25 | 7.8% | 9.8% | ||
| Q1 25 | 8.4% | 7.5% | ||
| Q4 24 | 5.4% | 8.3% | ||
| Q3 24 | 18.8% | 8.9% | ||
| Q2 24 | 4.2% | 9.6% | ||
| Q1 24 | 4.0% | 7.9% |
| Q4 25 | $0.08 | $0.14 | ||
| Q3 25 | $0.06 | $0.23 | ||
| Q2 25 | $0.17 | $0.29 | ||
| Q1 25 | $0.20 | $0.19 | ||
| Q4 24 | $0.10 | $0.23 | ||
| Q3 24 | $0.32 | $0.25 | ||
| Q2 24 | $0.06 | $0.27 | ||
| Q1 24 | $0.05 | $0.20 |
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 | $300.8M |
| Total DebtLower is stronger | — | $2.8B |
| Stockholders' EquityBook value | $540.9M | $117.4M |
| Total Assets | $2.2B | $5.0B |
| Debt / EquityLower = less leverage | — | 23.51× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $228.6M | $300.8M | ||
| Q3 25 | $345.8M | $291.4M | ||
| Q2 25 | $1.1B | $281.2M | ||
| Q1 25 | $273.7M | $335.3M | ||
| Q4 24 | $220.6M | $450.5M | ||
| Q3 24 | $165.5M | $482.2M | ||
| Q2 24 | $129.3M | $465.5M | ||
| Q1 24 | $105.2M | $498.3M |
| Q4 25 | — | $2.8B | ||
| Q3 25 | — | $2.7B | ||
| Q2 25 | — | $2.7B | ||
| Q1 25 | — | $2.7B | ||
| Q4 24 | — | $2.7B | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $540.9M | $117.4M | ||
| Q3 25 | $581.0M | $109.2M | ||
| Q2 25 | $562.7M | $112.9M | ||
| Q1 25 | $549.3M | $130.2M | ||
| Q4 24 | $476.7M | $259.4M | ||
| Q3 24 | $440.1M | $259.9M | ||
| Q2 24 | $362.0M | $273.8M | ||
| Q1 24 | $344.5M | $293.7M |
| Q4 25 | $2.2B | $5.0B | ||
| Q3 25 | $2.2B | $5.0B | ||
| Q2 25 | $1.9B | $4.9B | ||
| Q1 25 | $891.7M | $4.9B | ||
| Q4 24 | $707.5M | $5.0B | ||
| Q3 24 | $602.3M | $5.1B | ||
| Q2 24 | $480.5M | $5.1B | ||
| Q1 24 | $448.1M | $5.2B |
| Q4 25 | — | 23.51× | ||
| Q3 25 | — | 24.95× | ||
| Q2 25 | — | 24.18× | ||
| Q1 25 | — | 21.00× | ||
| Q4 24 | — | 10.57× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
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 | $69.3M |
| Free Cash FlowOCF − Capex | $-2.5M | $31.4M |
| FCF MarginFCF / Revenue | -0.4% | 5.8% |
| Capex IntensityCapex / Revenue | 10.3% | 7.0% |
| Cash ConversionOCF / Net Profit | 2.98× | 2.62× |
| TTM Free Cash FlowTrailing 4 quarters | $57.4M | $242.6M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $61.3M | $69.3M | ||
| Q3 25 | $148.7M | $129.3M | ||
| Q2 25 | $-19.1M | $60.6M | ||
| Q1 25 | $109.1M | $85.4M | ||
| Q4 24 | $86.4M | $68.6M | ||
| Q3 24 | $85.3M | $141.2M | ||
| Q2 24 | $53.6M | $45.5M | ||
| Q1 24 | $25.8M | $100.0M |
| Q4 25 | $-2.5M | $31.4M | ||
| Q3 25 | $79.3M | $104.3M | ||
| Q2 25 | $-69.5M | $39.2M | ||
| Q1 25 | $50.1M | $67.7M | ||
| Q4 24 | $59.5M | $26.6M | ||
| Q3 24 | $79.4M | $123.3M | ||
| Q2 24 | $47.6M | $28.4M | ||
| Q1 24 | $11.8M | $82.6M |
| Q4 25 | -0.4% | 5.8% | ||
| Q3 25 | 13.2% | 19.0% | ||
| Q2 25 | -12.8% | 7.0% | ||
| Q1 25 | 8.5% | 12.9% | ||
| Q4 24 | 12.4% | 4.6% | ||
| Q3 24 | 19.8% | 21.8% | ||
| Q2 24 | 15.1% | 5.0% | ||
| Q1 24 | 4.3% | 15.5% |
| Q4 25 | 10.3% | 7.0% | ||
| Q3 25 | 11.6% | 4.5% | ||
| Q2 25 | 9.3% | 3.8% | ||
| Q1 25 | 10.1% | 3.4% | ||
| Q4 24 | 5.6% | 7.3% | ||
| Q3 24 | 1.5% | 3.2% | ||
| Q2 24 | 1.9% | 3.0% | ||
| Q1 24 | 5.0% | 3.2% |
| Q4 25 | 2.98× | 2.62× | ||
| Q3 25 | 9.43× | 2.92× | ||
| Q2 25 | -0.45× | 1.10× | ||
| Q1 25 | 2.20× | 2.18× | ||
| Q4 24 | 3.32× | 1.44× | ||
| Q3 24 | 1.13× | 2.81× | ||
| Q2 24 | 4.03× | 0.83× | ||
| Q1 24 | 2.32× | 2.38× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
HIMS
Segment breakdown not available.
WEN
| Franchise Royalty Revenueand Fees | $149.3M | 27% |
| Royalty | $103.6M | 19% |
| Advertising | $103.3M | 19% |
| Global Real Estate Development | $60.5M | 11% |
| Real Estate | $59.5M | 11% |
| Wendys International | $39.5M | 7% |
| Franchise | $21.5M | 4% |
