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Side-by-side financial comparison of Hims & Hers Health, Inc. (HIMS) and Zscaler, Inc. (ZS). Click either name above to swap in a different company.
Zscaler, Inc. is the larger business by last-quarter revenue ($788.1M vs $617.8M, roughly 1.3× Hims & Hers Health, Inc.). Hims & Hers Health, Inc. runs the higher net margin — 3.3% vs -1.5%, a 4.8% gap on every dollar of revenue. On growth, Hims & Hers Health, Inc. posted the faster year-over-year revenue change (28.4% vs 25.5%). Zscaler, Inc. produced more free cash flow last quarter ($431.0M vs $-2.5M). Over the past eight quarters, Hims & Hers Health, Inc.'s revenue compounded faster (49.0% CAGR vs 22.5%).
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.
Zscaler, Inc. is an American cloud security company based in San Jose, California. The company offers cloud-based services to protect enterprise networks and data.
HIMS vs ZS — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $617.8M | $788.1M |
| Net Profit | $20.6M | $-11.6M |
| Gross Margin | 71.9% | 76.6% |
| Operating Margin | 1.5% | -4.6% |
| Net Margin | 3.3% | -1.5% |
| Revenue YoY | 28.4% | 25.5% |
| Net Profit YoY | -20.8% | 3.6% |
| EPS (diluted) | $0.08 | $-0.07 |
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 | $788.1M | ||
| Q3 25 | $599.0M | $719.2M | ||
| Q2 25 | $544.8M | $678.0M | ||
| Q1 25 | $586.0M | $647.9M | ||
| Q4 24 | $481.1M | $628.0M | ||
| Q3 24 | $401.6M | $592.9M | ||
| Q2 24 | $315.6M | $553.2M | ||
| Q1 24 | $278.2M | $525.0M |
| Q4 25 | $20.6M | $-11.6M | ||
| Q3 25 | $15.8M | $-17.6M | ||
| Q2 25 | $42.5M | $-4.1M | ||
| Q1 25 | $49.5M | $-7.7M | ||
| Q4 24 | $26.0M | $-12.1M | ||
| Q3 24 | $75.6M | $-14.9M | ||
| Q2 24 | $13.3M | $19.1M | ||
| Q1 24 | $11.1M | $-28.5M |
| Q4 25 | 71.9% | 76.6% | ||
| Q3 25 | 73.8% | 76.1% | ||
| Q2 25 | 76.4% | 77.0% | ||
| Q1 25 | 73.5% | 77.1% | ||
| Q4 24 | 76.8% | 77.5% | ||
| Q3 24 | 79.2% | 78.0% | ||
| Q2 24 | 81.3% | 78.6% | ||
| Q1 24 | 82.4% | 77.7% |
| Q4 25 | 1.5% | -4.6% | ||
| Q3 25 | 2.0% | -4.5% | ||
| Q2 25 | 4.9% | -3.7% | ||
| Q1 25 | 9.9% | -6.2% | ||
| Q4 24 | 3.9% | -4.9% | ||
| Q3 24 | 5.6% | -4.5% | ||
| Q2 24 | 3.5% | -0.5% | ||
| Q1 24 | 3.6% | -8.7% |
| Q4 25 | 3.3% | -1.5% | ||
| Q3 25 | 2.6% | -2.4% | ||
| Q2 25 | 7.8% | -0.6% | ||
| Q1 25 | 8.4% | -1.2% | ||
| Q4 24 | 5.4% | -1.9% | ||
| Q3 24 | 18.8% | -2.5% | ||
| Q2 24 | 4.2% | 3.5% | ||
| Q1 24 | 4.0% | -5.4% |
| Q4 25 | $0.08 | $-0.07 | ||
| Q3 25 | $0.06 | $-0.11 | ||
| Q2 25 | $0.17 | $-0.03 | ||
| Q1 25 | $0.20 | $-0.05 | ||
| Q4 24 | $0.10 | $-0.08 | ||
| Q3 24 | $0.32 | $-0.09 | ||
| Q2 24 | $0.06 | $0.12 | ||
| Q1 24 | $0.05 | $-0.19 |
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 | $1.3B |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $540.9M | $2.0B |
| Total Assets | $2.2B | $6.5B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $228.6M | $1.3B | ||
| Q3 25 | $345.8M | $2.4B | ||
| Q2 25 | $1.1B | $2.0B | ||
| Q1 25 | $273.7M | $1.8B | ||
| Q4 24 | $220.6M | $1.6B | ||
| Q3 24 | $165.5M | $1.4B | ||
| Q2 24 | $129.3M | $1.3B | ||
| Q1 24 | $105.2M | $1.4B |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | $1.1B | ||
| Q1 25 | — | $1.1B | ||
| Q4 24 | — | $1.1B | ||
| Q3 24 | — | $1.1B | ||
| Q2 24 | — | $1.1B | ||
| Q1 24 | — | $1.1B |
| Q4 25 | $540.9M | $2.0B | ||
| Q3 25 | $581.0M | $1.8B | ||
| Q2 25 | $562.7M | $1.8B | ||
| Q1 25 | $549.3M | $1.6B | ||
| Q4 24 | $476.7M | $1.4B | ||
| Q3 24 | $440.1M | $1.3B | ||
| Q2 24 | $362.0M | $1.1B | ||
| Q1 24 | $344.5M | $958.9M |
| Q4 25 | $2.2B | $6.5B | ||
| Q3 25 | $2.2B | $6.4B | ||
| Q2 25 | $1.9B | $5.3B | ||
| Q1 25 | $891.7M | $5.0B | ||
| Q4 24 | $707.5M | $4.7B | ||
| Q3 24 | $602.3M | $4.7B | ||
| Q2 24 | $480.5M | $4.2B | ||
| Q1 24 | $448.1M | $3.9B |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | 0.64× | ||
| Q1 25 | — | 0.71× | ||
| Q4 24 | — | 0.80× | ||
| Q3 24 | — | 0.90× | ||
| Q2 24 | — | 1.04× | ||
| Q1 24 | — | 1.19× |
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 | $448.3M |
| Free Cash FlowOCF − Capex | $-2.5M | $431.0M |
| FCF MarginFCF / Revenue | -0.4% | 54.7% |
| Capex IntensityCapex / Revenue | 10.3% | 2.2% |
| Cash ConversionOCF / Net Profit | 2.98× | — |
| TTM Free Cash FlowTrailing 4 quarters | $57.4M | $924.9M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $61.3M | $448.3M | ||
| Q3 25 | $148.7M | $250.6M | ||
| Q2 25 | $-19.1M | $211.1M | ||
| Q1 25 | $109.1M | $179.4M | ||
| Q4 24 | $86.4M | $331.3M | ||
| Q3 24 | $85.3M | $203.6M | ||
| Q2 24 | $53.6M | $173.4M | ||
| Q1 24 | $25.8M | $142.1M |
| Q4 25 | $-2.5M | $431.0M | ||
| Q3 25 | $79.3M | $190.6M | ||
| Q2 25 | $-69.5M | $138.9M | ||
| Q1 25 | $50.1M | $164.4M | ||
| Q4 24 | $59.5M | $314.3M | ||
| Q3 24 | $79.4M | $154.2M | ||
| Q2 24 | $47.6M | $137.8M | ||
| Q1 24 | $11.8M | $111.2M |
| Q4 25 | -0.4% | 54.7% | ||
| Q3 25 | 13.2% | 26.5% | ||
| Q2 25 | -12.8% | 20.5% | ||
| Q1 25 | 8.5% | 25.4% | ||
| Q4 24 | 12.4% | 50.1% | ||
| Q3 24 | 19.8% | 26.0% | ||
| Q2 24 | 15.1% | 24.9% | ||
| Q1 24 | 4.3% | 21.2% |
| Q4 25 | 10.3% | 2.2% | ||
| Q3 25 | 11.6% | 8.3% | ||
| Q2 25 | 9.3% | 10.6% | ||
| Q1 25 | 10.1% | 2.3% | ||
| Q4 24 | 5.6% | 2.7% | ||
| Q3 24 | 1.5% | 8.3% | ||
| Q2 24 | 1.9% | 6.4% | ||
| Q1 24 | 5.0% | 5.9% |
| 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× | 9.07× | ||
| Q1 24 | 2.32× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
