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Hims & Hers Health, Inc.（HIMS）与Trade Desk (The)（TTD）财务数据对比。点击上方公司名可切换其他公司
Trade Desk (The)的季度营收约是Hims & Hers Health, Inc.的1.4倍（$846.8M vs $617.8M），Trade Desk (The)净利率更高（22.1% vs 3.3%，领先18.7%），Hims & Hers Health, Inc.同比增速更快（28.4% vs 14.3%），Trade Desk (The)自由现金流更多（$285.3M vs $-2.5M），过去两年Hims & Hers Health, Inc.的营收复合增速更高（49.0% vs 31.3%）
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。
The Trade Desk是来自美国的跨国科技企业，专注于实时程序化营销自动化领域的技术、产品与服务研发，可实现面向用户的个性化数字内容分发，为全球广告营销行业客户提供专业解决方案。
HIMS vs TTD — 直观对比
营收规模更大
TTD
是对方的1.4倍
$617.8M
营收增速更快
HIMS
高出14.1%
14.3%
净利率更高
TTD
高出18.7%
3.3%
自由现金流更多
TTD
多$287.8M
$-2.5M
两年增速更快
HIMS
近两年复合增速
31.3%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $617.8M | $846.8M |
| 净利润 | $20.6M | $186.9M |
| 毛利率 | 71.9% | 80.7% |
| 营业利润率 | 1.5% | 30.3% |
| 净利率 | 3.3% | 22.1% |
| 营收同比 | 28.4% | 14.3% |
| 净利润同比 | -20.8% | 2.6% |
| 每股收益（稀释后） | $0.08 | $0.39 |
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HIMSTTD
| Q4 25 | $617.8M | $846.8M | ||
| Q3 25 | $599.0M | $739.4M | ||
| Q2 25 | $544.8M | $694.0M | ||
| Q1 25 | $586.0M | $616.0M | ||
| Q4 24 | $481.1M | $741.0M | ||
| Q3 24 | $401.6M | $628.0M | ||
| Q2 24 | $315.6M | $584.5M | ||
| Q1 24 | $278.2M | $491.3M |
净利润HIMSTTD
| Q4 25 | $20.6M | $186.9M | ||
| Q3 25 | $15.8M | $115.5M | ||
| Q2 25 | $42.5M | $90.1M | ||
| Q1 25 | $49.5M | $50.7M | ||
| Q4 24 | $26.0M | $182.2M | ||
| Q3 24 | $75.6M | $94.2M | ||
| Q2 24 | $13.3M | $85.0M | ||
| Q1 24 | $11.1M | $31.7M |
毛利率HIMSTTD
| Q4 25 | 71.9% | 80.7% | ||
| Q3 25 | 73.8% | 78.1% | ||
| Q2 25 | 76.4% | 78.2% | ||
| Q1 25 | 73.5% | 76.8% | ||
| Q4 24 | 76.8% | 81.7% | ||
| Q3 24 | 79.2% | 80.5% | ||
| Q2 24 | 81.3% | 81.1% | ||
| Q1 24 | 82.4% | 78.9% |
营业利润率HIMSTTD
| Q4 25 | 1.5% | 30.3% | ||
| Q3 25 | 2.0% | 21.8% | ||
| Q2 25 | 4.9% | 16.8% | ||
| Q1 25 | 9.9% | 8.8% | ||
| Q4 24 | 3.9% | 26.4% | ||
| Q3 24 | 5.6% | 17.3% | ||
| Q2 24 | 3.5% | 16.2% | ||
| Q1 24 | 3.6% | 5.8% |
净利率HIMSTTD
| Q4 25 | 3.3% | 22.1% | ||
| Q3 25 | 2.6% | 15.6% | ||
| Q2 25 | 7.8% | 13.0% | ||
| Q1 25 | 8.4% | 8.2% | ||
| Q4 24 | 5.4% | 24.6% | ||
| Q3 24 | 18.8% | 15.0% | ||
| Q2 24 | 4.2% | 14.5% | ||
| Q1 24 | 4.0% | 6.4% |
每股收益（稀释后）HIMSTTD
| Q4 25 | $0.08 | $0.39 | ||
| Q3 25 | $0.06 | $0.23 | ||
| Q2 25 | $0.17 | $0.18 | ||
| Q1 25 | $0.20 | $0.10 | ||
| Q4 24 | $0.10 | $0.36 | ||
| Q3 24 | $0.32 | $0.19 | ||
| Q2 24 | $0.06 | $0.17 | ||
| Q1 24 | $0.05 | $0.06 |
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 | $1.3B |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $540.9M | $2.5B |
| 总资产 | $2.2B | $6.2B |
| 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HIMSTTD
| Q4 25 | $228.6M | $1.3B | ||
| Q3 25 | $345.8M | $1.4B | ||
| Q2 25 | $1.1B | $1.7B | ||
| Q1 25 | $273.7M | $1.7B | ||
| Q4 24 | $220.6M | $1.9B | ||
| Q3 24 | $165.5M | $1.7B | ||
| Q2 24 | $129.3M | $1.5B | ||
| Q1 24 | $105.2M | $1.4B |
股东权益HIMSTTD
| Q4 25 | $540.9M | $2.5B | ||
| Q3 25 | $581.0M | $2.6B | ||
| Q2 25 | $562.7M | $2.7B | ||
| Q1 25 | $549.3M | $2.7B | ||
| Q4 24 | $476.7M | $2.9B | ||
| Q3 24 | $440.1M | $2.6B | ||
| Q2 24 | $362.0M | $2.4B | ||
| Q1 24 | $344.5M | $2.2B |
总资产HIMSTTD
| Q4 25 | $2.2B | $6.2B | ||
| Q3 25 | $2.2B | $5.9B | ||
| Q2 25 | $1.9B | $6.0B | ||
| Q1 25 | $891.7M | $5.7B | ||
| Q4 24 | $707.5M | $6.1B | ||
| Q3 24 | $602.3M | $5.5B | ||
| Q2 24 | $480.5M | $5.2B | ||
| Q1 24 | $448.1M | $4.7B |
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 | $311.6M |
| 自由现金流经营现金流 - 资本支出 | $-2.5M | $285.3M |
| 自由现金流率自由现金流/营收 | -0.4% | 33.7% |
| 资本支出强度资本支出/营收 | 10.3% | 3.1% |
| 现金转化率经营现金流/净利润 | 2.98× | 1.67× |
| 过去12个月自由现金流最近4个季度 | $57.4M | $795.7M |
8季度趋势，按日历期对齐
经营现金流HIMSTTD
| Q4 25 | $61.3M | $311.6M | ||
| Q3 25 | $148.7M | $224.7M | ||
| Q2 25 | $-19.1M | $165.0M | ||
| Q1 25 | $109.1M | $291.4M | ||
| Q4 24 | $86.4M | $199.4M | ||
| Q3 24 | $85.3M | $273.3M | ||
| Q2 24 | $53.6M | $81.3M | ||
| Q1 24 | $25.8M | $185.5M |
自由现金流HIMSTTD
| Q4 25 | $-2.5M | $285.3M | ||
| Q3 25 | $79.3M | $158.3M | ||
| Q2 25 | $-69.5M | $119.8M | ||
| Q1 25 | $50.1M | $232.3M | ||
| Q4 24 | $59.5M | $179.2M | ||
| Q3 24 | $79.4M | $224.6M | ||
| Q2 24 | $47.6M | $59.1M | ||
| Q1 24 | $11.8M | $178.2M |
自由现金流率HIMSTTD
| Q4 25 | -0.4% | 33.7% | ||
| Q3 25 | 13.2% | 21.4% | ||
| Q2 25 | -12.8% | 17.3% | ||
| Q1 25 | 8.5% | 37.7% | ||
| Q4 24 | 12.4% | 24.2% | ||
| Q3 24 | 19.8% | 35.8% | ||
| Q2 24 | 15.1% | 10.1% | ||
| Q1 24 | 4.3% | 36.3% |
资本支出强度HIMSTTD
| Q4 25 | 10.3% | 3.1% | ||
| Q3 25 | 11.6% | 9.0% | ||
| Q2 25 | 9.3% | 6.5% | ||
| Q1 25 | 10.1% | 9.6% | ||
| Q4 24 | 5.6% | 2.7% | ||
| Q3 24 | 1.5% | 7.8% | ||
| Q2 24 | 1.9% | 3.8% | ||
| Q1 24 | 5.0% | 1.5% |
现金转化率HIMSTTD
| Q4 25 | 2.98× | 1.67× | ||
| Q3 25 | 9.43× | 1.94× | ||
| Q2 25 | -0.45× | 1.83× | ||
| Q1 25 | 2.20× | 5.75× | ||
| Q4 24 | 3.32× | 1.09× | ||
| Q3 24 | 1.13× | 2.90× | ||
| Q2 24 | 4.03× | 0.96× | ||
| Q1 24 | 2.32× | 5.86× |
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
TTD
| Other | $427.2M | 50% |
| Non Us | $419.6M | 50% |
