vs
ETSY INC（ETSY）与Hims & Hers Health, Inc.（HIMS）财务数据对比。点击上方公司名可切换其他公司
ETSY INC的季度营收约是Hims & Hers Health, Inc.的1.4倍（$881.6M vs $617.8M），ETSY INC净利率更高（12.6% vs 3.3%，领先9.2%），Hims & Hers Health, Inc.同比增速更快（28.4% vs 3.5%），ETSY INC自由现金流更多（$315.9M vs $-2.5M），过去两年Hims & Hers Health, Inc.的营收复合增速更高（49.0% vs 16.8%）
Etsy是美国电商企业，主打手工制品、复古商品及手工耗材交易，平台品类覆盖珠宝首饰、服饰、家居装饰、家具、玩具、艺术品等。平台规定复古商品需至少有20年历史，卖家可开设独立店铺，每件上架商品收取0.2美元挂牌费，2013年起平台也允许量产商品入驻销售。
Hims & Hers Health, Inc.是2017年成立的美国远程医疗企业，面向消费者提供处方药品、非处方药物以及各类个人护理产品，依托线上服务模式为用户打造便捷的健康消费渠道，覆盖日常医疗、个护等多场景需求。
ETSY vs HIMS — 直观对比
营收规模更大
ETSY
是对方的1.4倍
$617.8M
营收增速更快
HIMS
高出24.9%
3.5%
净利率更高
ETSY
高出9.2%
3.3%
自由现金流更多
ETSY
多$318.3M
$-2.5M
两年增速更快
HIMS
近两年复合增速
16.8%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $881.6M | $617.8M |
| 净利润 | $110.7M | $20.6M |
| 毛利率 | 73.1% | 71.9% |
| 营业利润率 | 14.7% | 1.5% |
| 净利率 | 12.6% | 3.3% |
| 营收同比 | 3.5% | 28.4% |
| 净利润同比 | -14.8% | -20.8% |
| 每股收益（稀释后） | $1.00 | $0.08 |
绿色 = 该指标领先。财年不对齐时期间可能不同
8季度营收与利润趋势
并排季度历史对比，按日历期对齐，财年错位的公司也能正确匹配
营收ETSYHIMS
| Q4 25 | $881.6M | $617.8M | ||
| Q3 25 | $678.0M | $599.0M | ||
| Q2 25 | $672.7M | $544.8M | ||
| Q1 25 | $651.2M | $586.0M | ||
| Q4 24 | $852.2M | $481.1M | ||
| Q3 24 | $662.4M | $401.6M | ||
| Q2 24 | $647.8M | $315.6M | ||
| Q1 24 | $646.0M | $278.2M |
净利润ETSYHIMS
| Q4 25 | $110.7M | $20.6M | ||
| Q3 25 | $75.5M | $15.8M | ||
| Q2 25 | $28.8M | $42.5M | ||
| Q1 25 | $-52.1M | $49.5M | ||
| Q4 24 | $129.9M | $26.0M | ||
| Q3 24 | $57.4M | $75.6M | ||
| Q2 24 | $53.0M | $13.3M | ||
| Q1 24 | $63.0M | $11.1M |
毛利率ETSYHIMS
| Q4 25 | 73.1% | 71.9% | ||
| Q3 25 | 71.3% | 73.8% | ||
| Q2 25 | 71.2% | 76.4% | ||
| Q1 25 | 70.5% | 73.5% | ||
| Q4 24 | 74.5% | 76.8% | ||
| Q3 24 | 72.0% | 79.2% | ||
| Q2 24 | 71.6% | 81.3% | ||
| Q1 24 | 71.0% | 82.4% |
营业利润率ETSYHIMS
| Q4 25 | 14.7% | 1.5% | ||
| Q3 25 | 12.2% | 2.0% | ||
| Q2 25 | 11.4% | 4.9% | ||
| Q1 25 | -3.4% | 9.9% | ||
| Q4 24 | 18.2% | 3.9% | ||
| Q3 24 | 13.1% | 5.6% | ||
| Q2 24 | 10.8% | 3.5% | ||
| Q1 24 | 10.5% | 3.6% |
净利率ETSYHIMS
| Q4 25 | 12.6% | 3.3% | ||
| Q3 25 | 11.1% | 2.6% | ||
| Q2 25 | 4.3% | 7.8% | ||
| Q1 25 | -8.0% | 8.4% | ||
| Q4 24 | 15.2% | 5.4% | ||
| Q3 24 | 8.7% | 18.8% | ||
| Q2 24 | 8.2% | 4.2% | ||
| Q1 24 | 9.8% | 4.0% |
每股收益（稀释后）ETSYHIMS
| Q4 25 | $1.00 | $0.08 | ||
| Q3 25 | $0.63 | $0.06 | ||
| Q2 25 | $0.25 | $0.17 | ||
| Q1 25 | $-0.49 | $0.20 | ||
| Q4 24 | $1.01 | $0.10 | ||
| Q3 24 | $0.45 | $0.32 | ||
| Q2 24 | $0.41 | $0.06 | ||
| Q1 24 | $0.48 | $0.05 |
资产负债表与财务实力
最新季度各公司的流动性、杠杆与账面价值一览
| 指标 | | |
|---|---|---|
| 现金及短期投资手头流动性 | $1.4B | $228.6M |
| 总债务越低越好 | $2.3B | — |
| 股东权益账面价值 | $-1.1B | $540.9M |
| 总资产 | $2.8B | $2.2B |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
现金及短期投资ETSYHIMS
| Q4 25 | $1.4B | $228.6M | ||
| Q3 25 | $1.2B | $345.8M | ||
| Q2 25 | $1.2B | $1.1B | ||
| Q1 25 | $649.2M | $273.7M | ||
| Q4 24 | $811.2M | $220.6M | ||
| Q3 24 | $818.9M | $165.5M | ||
| Q2 24 | $759.2M | $129.3M | ||
| Q1 24 | $788.8M | $105.2M |
总债务ETSYHIMS
| Q4 25 | $2.3B | — | ||
| Q3 25 | $3.0B | — | ||
| Q2 25 | $3.0B | — | ||
| Q1 25 | $2.3B | — | ||
| Q4 24 | $2.3B | — | ||
| Q3 24 | $2.3B | — | ||
| Q2 24 | $2.3B | — | ||
| Q1 24 | $2.3B | — |
股东权益ETSYHIMS
| Q4 25 | $-1.1B | $540.9M | ||
| Q3 25 | $-1.1B | $581.0M | ||
| Q2 25 | $-1.1B | $562.7M | ||
| Q1 25 | $-910.3M | $549.3M | ||
| Q4 24 | $-758.9M | $476.7M | ||
| Q3 24 | $-624.3M | $440.1M | ||
| Q2 24 | $-635.0M | $362.0M | ||
| Q1 24 | $-583.8M | $344.5M |
总资产ETSYHIMS
| Q4 25 | $2.8B | $2.2B | ||
| Q3 25 | $2.7B | $2.2B | ||
| Q2 25 | $2.6B | $1.9B | ||
| Q1 25 | $2.1B | $891.7M | ||
| Q4 24 | $2.4B | $707.5M | ||
| Q3 24 | $2.4B | $602.3M | ||
| Q2 24 | $2.4B | $480.5M | ||
| Q1 24 | $2.5B | $448.1M |
现金流与资本效率
扣除再投资后实际产生的现金。现金流比净利润更难造假
| 指标 | | |
|---|---|---|
| 经营现金流最新季度 | $317.1M | $61.3M |
| 自由现金流经营现金流 - 资本支出 | $315.9M | $-2.5M |
| 自由现金流率自由现金流/营收 | 35.8% | -0.4% |
| 资本支出强度资本支出/营收 | 0.1% | 10.3% |
| 现金转化率经营现金流/净利润 | 2.86× | 2.98× |
| 过去12个月自由现金流最近4个季度 | $678.0M | $57.4M |
8季度趋势，按日历期对齐
经营现金流ETSYHIMS
| Q4 25 | $317.1M | $61.3M | ||
| Q3 25 | $219.0M | $148.7M | ||
| Q2 25 | $108.1M | $-19.1M | ||
| Q1 25 | $49.2M | $109.1M | ||
| Q4 24 | $315.0M | $86.4M | ||
| Q3 24 | $217.4M | $85.3M | ||
| Q2 24 | $151.1M | $53.6M | ||
| Q1 24 | $69.0M | $25.8M |
自由现金流ETSYHIMS
| Q4 25 | $315.9M | $-2.5M | ||
| Q3 25 | $215.0M | $79.3M | ||
| Q2 25 | $101.3M | $-69.5M | ||
| Q1 25 | $45.9M | $50.1M | ||
| Q4 24 | $310.9M | $59.5M | ||
| Q3 24 | $213.2M | $79.4M | ||
| Q2 24 | $147.4M | $47.6M | ||
| Q1 24 | $66.8M | $11.8M |
自由现金流率ETSYHIMS
| Q4 25 | 35.8% | -0.4% | ||
| Q3 25 | 31.7% | 13.2% | ||
| Q2 25 | 15.1% | -12.8% | ||
| Q1 25 | 7.1% | 8.5% | ||
| Q4 24 | 36.5% | 12.4% | ||
| Q3 24 | 32.2% | 19.8% | ||
| Q2 24 | 22.8% | 15.1% | ||
| Q1 24 | 10.3% | 4.3% |
资本支出强度ETSYHIMS
| Q4 25 | 0.1% | 10.3% | ||
| Q3 25 | 0.6% | 11.6% | ||
| Q2 25 | 1.0% | 9.3% | ||
| Q1 25 | 0.5% | 10.1% | ||
| Q4 24 | 0.5% | 5.6% | ||
| Q3 24 | 0.6% | 1.5% | ||
| Q2 24 | 0.6% | 1.9% | ||
| Q1 24 | 0.3% | 5.0% |
现金转化率ETSYHIMS
| Q4 25 | 2.86× | 2.98× | ||
| Q3 25 | 2.90× | 9.43× | ||
| Q2 25 | 3.75× | -0.45× | ||
| Q1 25 | — | 2.20× | ||
| Q4 24 | 2.42× | 3.32× | ||
| Q3 24 | 3.79× | 1.13× | ||
| Q2 24 | 2.85× | 4.03× | ||
| Q1 24 | 1.10× | 2.32× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
业务分部营收拆解
ETSY
| Marketplace Revenue | $612.4M | 69% |
| Services Revenue | $269.2M | 31% |
HIMS
暂无分部数据
