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Hims & Hers Health, Inc.（HIMS）与美泰（MAT）财务数据对比。点击上方公司名可切换其他公司
美泰的季度营收约是Hims & Hers Health, Inc.的1.4倍（$862.2M vs $617.8M），美泰净利率更高（7.1% vs 3.3%，领先3.7%），Hims & Hers Health, Inc.同比增速更快（28.4% vs 4.3%），Hims & Hers Health, Inc.自由现金流更多（$-2.5M vs $-88.1M），过去两年Hims & Hers Health, Inc.的营收复合增速更高（49.0% vs -10.6%）
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。
美泰是美国知名玩具及娱乐企业，旗下影视制作部门美泰影业运营时间为2018年9月6日至2025年6月2日。其前身为2013年10月16日成立的美泰Playground Productions，更早可追溯至美泰娱乐、美泰工作室等集团原有娱乐业务品牌。
HIMS vs MAT — 直观对比
营收规模更大
MAT
是对方的1.4倍
$617.8M
营收增速更快
HIMS
高出24.1%
4.3%
净利率更高
MAT
高出3.7%
3.3%
自由现金流更多
HIMS
多$85.6M
$-88.1M
两年增速更快
HIMS
近两年复合增速
-10.6%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $617.8M | $862.2M |
| 净利润 | $20.6M | $61.0M |
| 毛利率 | 71.9% | 44.9% |
| 营业利润率 | 1.5% | — |
| 净利率 | 3.3% | 7.1% |
| 营收同比 | 28.4% | 4.3% |
| 净利润同比 | -20.8% | 251.4% |
| 每股收益（稀释后） | $0.08 | $0.20 |
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HIMSMAT
| Q1 26 | — | $862.2M | ||
| Q4 25 | $617.8M | $1.8B | ||
| Q3 25 | $599.0M | $1.7B | ||
| Q2 25 | $544.8M | $1.0B | ||
| Q1 25 | $586.0M | $826.6M | ||
| Q4 24 | $481.1M | $1.6B | ||
| Q3 24 | $401.6M | $1.8B | ||
| Q2 24 | $315.6M | $1.1B |
净利润HIMSMAT
| Q1 26 | — | $61.0M | ||
| Q4 25 | $20.6M | $106.2M | ||
| Q3 25 | $15.8M | $278.4M | ||
| Q2 25 | $42.5M | $53.4M | ||
| Q1 25 | $49.5M | $-40.3M | ||
| Q4 24 | $26.0M | $140.9M | ||
| Q3 24 | $75.6M | $372.4M | ||
| Q2 24 | $13.3M | $56.9M |
毛利率HIMSMAT
| Q1 26 | — | 44.9% | ||
| Q4 25 | 71.9% | 45.9% | ||
| Q3 25 | 73.8% | 50.0% | ||
| Q2 25 | 76.4% | 50.9% | ||
| Q1 25 | 73.5% | 49.4% | ||
| Q4 24 | 76.8% | 50.7% | ||
| Q3 24 | 79.2% | 53.1% | ||
| Q2 24 | 81.3% | 49.2% |
营业利润率HIMSMAT
| Q1 26 | — | — | ||
| Q4 25 | 1.5% | 8.0% | ||
| Q3 25 | 2.0% | 21.9% | ||
| Q2 25 | 4.9% | 7.7% | ||
| Q1 25 | 9.9% | -6.4% | ||
| Q4 24 | 3.9% | 9.6% | ||
| Q3 24 | 5.6% | 26.5% | ||
| Q2 24 | 3.5% | 7.7% |
净利率HIMSMAT
| Q1 26 | — | 7.1% | ||
| Q4 25 | 3.3% | 6.0% | ||
| Q3 25 | 2.6% | 16.0% | ||
| Q2 25 | 7.8% | 5.2% | ||
| Q1 25 | 8.4% | -4.9% | ||
| Q4 24 | 5.4% | 8.6% | ||
| Q3 24 | 18.8% | 20.2% | ||
| Q2 24 | 4.2% | 5.3% |
每股收益（稀释后）HIMSMAT
| Q1 26 | — | $0.20 | ||
| Q4 25 | $0.08 | $0.32 | ||
| Q3 25 | $0.06 | $0.88 | ||
| Q2 25 | $0.17 | $0.16 | ||
| Q1 25 | $0.20 | $-0.12 | ||
| Q4 24 | $0.10 | $0.40 | ||
| Q3 24 | $0.32 | $1.09 | ||
| Q2 24 | $0.06 | $0.17 |
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 | $228.6M | $866.0M |
| 总债务越低越好 | — | $2.3B |
| 股东权益账面价值 | $540.9M | $2.1B |
| 总资产 | $2.2B | $6.3B |
| 负债/权益比越低杠杆越低 | — | 1.11× |
8季度趋势，按日历期对齐
现金及短期投资HIMSMAT
| Q1 26 | — | $866.0M | ||
| Q4 25 | $228.6M | $1.2B | ||
| Q3 25 | $345.8M | $691.9M | ||
| Q2 25 | $1.1B | $870.5M | ||
| Q1 25 | $273.7M | $1.2B | ||
| Q4 24 | $220.6M | $1.4B | ||
| Q3 24 | $165.5M | $723.5M | ||
| Q2 24 | $129.3M | $722.4M |
总债务HIMSMAT
| Q1 26 | — | $2.3B | ||
| Q4 25 | — | $2.3B | ||
| Q3 25 | — | $2.3B | ||
| Q2 25 | — | $2.3B | ||
| Q1 25 | — | $2.3B | ||
| Q4 24 | — | $2.3B | ||
| Q3 24 | — | $2.3B | ||
| Q2 24 | — | $2.3B |
股东权益HIMSMAT
| Q1 26 | — | $2.1B | ||
| Q4 25 | $540.9M | $2.2B | ||
| Q3 25 | $581.0M | $2.3B | ||
| Q2 25 | $562.7M | $2.2B | ||
| Q1 25 | $549.3M | $2.1B | ||
| Q4 24 | $476.7M | $2.3B | ||
| Q3 24 | $440.1M | $2.3B | ||
| Q2 24 | $362.0M | $2.0B |
总资产HIMSMAT
| Q1 26 | — | $6.3B | ||
| Q4 25 | $2.2B | $6.6B | ||
| Q3 25 | $2.2B | $6.6B | ||
| Q2 25 | $1.9B | $6.2B | ||
| Q1 25 | $891.7M | $6.2B | ||
| Q4 24 | $707.5M | $6.5B | ||
| Q3 24 | $602.3M | $6.5B | ||
| Q2 24 | $480.5M | $5.9B |
负债/权益比HIMSMAT
| Q1 26 | — | 1.11× | ||
| Q4 25 | — | 1.04× | ||
| Q3 25 | — | 1.03× | ||
| Q2 25 | — | 1.08× | ||
| Q1 25 | — | 1.10× | ||
| Q4 24 | — | 1.03× | ||
| Q3 24 | — | 1.01× | ||
| Q2 24 | — | 1.18× |
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 | $61.3M | — |
| 自由现金流经营现金流 - 资本支出 | $-2.5M | $-88.1M |
| 自由现金流率自由现金流/营收 | -0.4% | -10.2% |
| 资本支出强度资本支出/营收 | 10.3% | 7.6% |
| 现金转化率经营现金流/净利润 | 2.98× | — |
| 过去12个月自由现金流最近4个季度 | $57.4M | — |
8季度趋势，按日历期对齐
经营现金流HIMSMAT
| Q1 26 | — | — | ||
| Q4 25 | $61.3M | $796.6M | ||
| Q3 25 | $148.7M | $72.0M | ||
| Q2 25 | $-19.1M | $-300.1M | ||
| Q1 25 | $109.1M | $24.8M | ||
| Q4 24 | $86.4M | $862.1M | ||
| Q3 24 | $85.3M | $155.8M | ||
| Q2 24 | $53.6M | $-252.9M |
自由现金流HIMSMAT
| Q1 26 | — | $-88.1M | ||
| Q4 25 | $-2.5M | — | ||
| Q3 25 | $79.3M | — | ||
| Q2 25 | $-69.5M | — | ||
| Q1 25 | $50.1M | — | ||
| Q4 24 | $59.5M | — | ||
| Q3 24 | $79.4M | — | ||
| Q2 24 | $47.6M | — |
自由现金流率HIMSMAT
| Q1 26 | — | -10.2% | ||
| Q4 25 | -0.4% | — | ||
| Q3 25 | 13.2% | — | ||
| Q2 25 | -12.8% | — | ||
| Q1 25 | 8.5% | — | ||
| Q4 24 | 12.4% | — | ||
| Q3 24 | 19.8% | — | ||
| Q2 24 | 15.1% | — |
资本支出强度HIMSMAT
| Q1 26 | — | 7.6% | ||
| Q4 25 | 10.3% | — | ||
| Q3 25 | 11.6% | — | ||
| Q2 25 | 9.3% | — | ||
| Q1 25 | 10.1% | — | ||
| Q4 24 | 5.6% | — | ||
| Q3 24 | 1.5% | — | ||
| Q2 24 | 1.9% | — |
现金转化率HIMSMAT
| Q1 26 | — | — | ||
| Q4 25 | 2.98× | 7.50× | ||
| Q3 25 | 9.43× | 0.26× | ||
| Q2 25 | -0.45× | -5.62× | ||
| Q1 25 | 2.20× | — | ||
| Q4 24 | 3.32× | 6.12× | ||
| Q3 24 | 1.13× | 0.42× | ||
| Q2 24 | 4.03× | -4.45× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
