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Hims & Hers Health, Inc.（HIMS）与Cloudflare, Inc.（NET）财务数据对比。点击上方公司名可切换其他公司
Hims & Hers Health, Inc.的季度营收约是Cloudflare, Inc.的1.0倍（$617.8M vs $614.5M），Hims & Hers Health, Inc.净利率更高（3.3% vs -2.0%，领先5.3%），Cloudflare, Inc.同比增速更快（33.6% vs 28.4%），Cloudflare, Inc.自由现金流更多（$105.2M vs $-2.5M），过去两年Hims & Hers Health, Inc.的营收复合增速更高（49.0% vs 27.4%）
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。
Cloudflare是总部位于美国加利福尼亚州旧金山的科技企业，提供内容分发网络（CDN）、云网络安全、DDoS防护等多元互联网服务，同时是ICANN认证的域名注册商。其服务作为网站访客与客户托管服务商之间的反向代理，可有效提升访问性能，抵御恶意流量。
HIMS vs NET — 直观对比
营收规模更大
HIMS
是对方的1.0倍
$614.5M
营收增速更快
NET
高出5.2%
28.4%
净利率更高
HIMS
高出5.3%
-2.0%
自由现金流更多
NET
多$107.7M
$-2.5M
两年增速更快
HIMS
近两年复合增速
27.4%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $617.8M | $614.5M |
| 净利润 | $20.6M | $-12.1M |
| 毛利率 | 71.9% | 73.6% |
| 营业利润率 | 1.5% | -8.0% |
| 净利率 | 3.3% | -2.0% |
| 营收同比 | 28.4% | 33.6% |
| 净利润同比 | -20.8% | 6.0% |
| 每股收益（稀释后） | $0.08 | $-0.03 |
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HIMSNET
| Q4 25 | $617.8M | $614.5M | ||
| Q3 25 | $599.0M | $562.0M | ||
| Q2 25 | $544.8M | $512.3M | ||
| Q1 25 | $586.0M | $479.1M | ||
| Q4 24 | $481.1M | $459.9M | ||
| Q3 24 | $401.6M | $430.1M | ||
| Q2 24 | $315.6M | $401.0M | ||
| Q1 24 | $278.2M | $378.6M |
净利润HIMSNET
| Q4 25 | $20.6M | $-12.1M | ||
| Q3 25 | $15.8M | $-1.3M | ||
| Q2 25 | $42.5M | $-50.4M | ||
| Q1 25 | $49.5M | $-38.5M | ||
| Q4 24 | $26.0M | $-12.8M | ||
| Q3 24 | $75.6M | $-15.3M | ||
| Q2 24 | $13.3M | $-15.1M | ||
| Q1 24 | $11.1M | $-35.5M |
毛利率HIMSNET
| Q4 25 | 71.9% | 73.6% | ||
| Q3 25 | 73.8% | 74.0% | ||
| Q2 25 | 76.4% | 74.9% | ||
| Q1 25 | 73.5% | 75.9% | ||
| Q4 24 | 76.8% | 76.4% | ||
| Q3 24 | 79.2% | 77.7% | ||
| Q2 24 | 81.3% | 77.8% | ||
| Q1 24 | 82.4% | 77.5% |
营业利润率HIMSNET
| Q4 25 | 1.5% | -8.0% | ||
| Q3 25 | 2.0% | -6.7% | ||
| Q2 25 | 4.9% | -13.1% | ||
| Q1 25 | 9.9% | -11.1% | ||
| Q4 24 | 3.9% | -7.5% | ||
| Q3 24 | 5.6% | -7.2% | ||
| Q2 24 | 3.5% | -8.7% | ||
| Q1 24 | 3.6% | -14.4% |
净利率HIMSNET
| Q4 25 | 3.3% | -2.0% | ||
| Q3 25 | 2.6% | -0.2% | ||
| Q2 25 | 7.8% | -9.8% | ||
| Q1 25 | 8.4% | -8.0% | ||
| Q4 24 | 5.4% | -2.8% | ||
| Q3 24 | 18.8% | -3.6% | ||
| Q2 24 | 4.2% | -3.8% | ||
| Q1 24 | 4.0% | -9.4% |
每股收益（稀释后）HIMSNET
| Q4 25 | $0.08 | $-0.03 | ||
| Q3 25 | $0.06 | $0.00 | ||
| Q2 25 | $0.17 | $-0.15 | ||
| Q1 25 | $0.20 | $-0.11 | ||
| Q4 24 | $0.10 | $-0.05 | ||
| Q3 24 | $0.32 | $-0.04 | ||
| Q2 24 | $0.06 | $-0.04 | ||
| Q1 24 | $0.05 | $-0.10 |
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 | $943.5M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $540.9M | $1.5B |
| 总资产 | $2.2B | $6.0B |
| 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HIMSNET
| Q4 25 | $228.6M | $943.5M | ||
| Q3 25 | $345.8M | $1.1B | ||
| Q2 25 | $1.1B | $1.5B | ||
| Q1 25 | $273.7M | $204.5M | ||
| Q4 24 | $220.6M | $147.7M | ||
| Q3 24 | $165.5M | $182.9M | ||
| Q2 24 | $129.3M | $157.0M | ||
| Q1 24 | $105.2M | $254.4M |
股东权益HIMSNET
| Q4 25 | $540.9M | $1.5B | ||
| Q3 25 | $581.0M | $1.3B | ||
| Q2 25 | $562.7M | $1.2B | ||
| Q1 25 | $549.3M | $1.4B | ||
| Q4 24 | $476.7M | $1.0B | ||
| Q3 24 | $440.1M | $973.1M | ||
| Q2 24 | $362.0M | $881.5M | ||
| Q1 24 | $344.5M | $797.2M |
总资产HIMSNET
| Q4 25 | $2.2B | $6.0B | ||
| Q3 25 | $2.2B | $5.8B | ||
| Q2 25 | $1.9B | $5.6B | ||
| Q1 25 | $891.7M | $3.7B | ||
| Q4 24 | $707.5M | $3.3B | ||
| Q3 24 | $602.3M | $3.1B | ||
| Q2 24 | $480.5M | $2.9B | ||
| Q1 24 | $448.1M | $2.8B |
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 | $190.4M |
| 自由现金流经营现金流 - 资本支出 | $-2.5M | $105.2M |
| 自由现金流率自由现金流/营收 | -0.4% | 17.1% |
| 资本支出强度资本支出/营收 | 10.3% | 13.9% |
| 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 | $287.5M |
8季度趋势，按日历期对齐
经营现金流HIMSNET
| Q4 25 | $61.3M | $190.4M | ||
| Q3 25 | $148.7M | $167.1M | ||
| Q2 25 | $-19.1M | $99.8M | ||
| Q1 25 | $109.1M | $145.8M | ||
| Q4 24 | $86.4M | $127.3M | ||
| Q3 24 | $85.3M | $104.7M | ||
| Q2 24 | $53.6M | $74.8M | ||
| Q1 24 | $25.8M | $73.6M |
自由现金流HIMSNET
| Q4 25 | $-2.5M | $105.2M | ||
| Q3 25 | $79.3M | $82.5M | ||
| Q2 25 | $-69.5M | $39.9M | ||
| Q1 25 | $50.1M | $59.9M | ||
| Q4 24 | $59.5M | $54.2M | ||
| Q3 24 | $79.4M | $54.5M | ||
| Q2 24 | $47.6M | $45.2M | ||
| Q1 24 | $11.8M | $41.5M |
自由现金流率HIMSNET
| Q4 25 | -0.4% | 17.1% | ||
| Q3 25 | 13.2% | 14.7% | ||
| Q2 25 | -12.8% | 7.8% | ||
| Q1 25 | 8.5% | 12.5% | ||
| Q4 24 | 12.4% | 11.8% | ||
| Q3 24 | 19.8% | 12.7% | ||
| Q2 24 | 15.1% | 11.3% | ||
| Q1 24 | 4.3% | 11.0% |
资本支出强度HIMSNET
| Q4 25 | 10.3% | 13.9% | ||
| Q3 25 | 11.6% | 15.1% | ||
| Q2 25 | 9.3% | 11.7% | ||
| Q1 25 | 10.1% | 17.9% | ||
| Q4 24 | 5.6% | 15.9% | ||
| Q3 24 | 1.5% | 11.7% | ||
| Q2 24 | 1.9% | 7.4% | ||
| Q1 24 | 5.0% | 8.5% |
现金转化率HIMSNET
| 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× | — | ||
| Q1 24 | 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
HIMS
暂无分部数据
NET
| Sales Channel Directly To Consumer | $438.5M | 71% |
| Sales Channel Through Intermediary | $176.0M | 29% |
