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Hims & Hers Health, Inc.（HIMS）与世纪互联（VNET）财务数据对比。点击上方公司名可切换其他公司
Hims & Hers Health, Inc.的季度营收约是世纪互联的1.7倍（$617.8M vs $362.7M），Hims & Hers Health, Inc.净利率更高（3.3% vs -10.7%，领先14.0%），Hims & Hers Health, Inc.自由现金流更多（$-2.5M vs $-193.1M），过去两年Hims & Hers Health, Inc.的营收复合增速更高（49.0% vs 17.4%）
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。
VNET Group即世纪互联，是中国领先的第三方中立数据中心服务商，提供机柜托管、云基础设施、混合云部署及网络管理等解决方案，服务覆盖科技、金融、零售等多领域企业客户，为企业数字化运营提供稳定的算力与网络支撑。
HIMS vs VNET — 直观对比
营收规模更大
HIMS
是对方的1.7倍
$362.7M
净利率更高
HIMS
高出14.0%
-10.7%
自由现金流更多
HIMS
多$190.6M
$-193.1M
两年增速更快
HIMS
近两年复合增速
17.4%
损益表 — Q4 FY2025 vs Q3 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $617.8M | $362.7M |
| 净利润 | $20.6M | $-38.7M |
| 毛利率 | 71.9% | 20.9% |
| 营业利润率 | 1.5% | 0.5% |
| 净利率 | 3.3% | -10.7% |
| 营收同比 | 28.4% | — |
| 净利润同比 | -20.8% | — |
| 每股收益（稀释后） | $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HIMSVNET
| Q4 25 | $617.8M | — | ||
| Q3 25 | $599.0M | $362.7M | ||
| Q2 25 | $544.8M | — | ||
| Q1 25 | $586.0M | $309.5M | ||
| Q4 24 | $481.1M | — | ||
| Q3 24 | $401.6M | $302.2M | ||
| Q2 24 | $315.6M | $274.4M | ||
| Q1 24 | $278.2M | $262.9M |
净利润HIMSVNET
| Q4 25 | $20.6M | — | ||
| Q3 25 | $15.8M | $-38.7M | ||
| Q2 25 | $42.5M | — | ||
| Q1 25 | $49.5M | $-2.4M | ||
| Q4 24 | $26.0M | — | ||
| Q3 24 | $75.6M | $-2.1M | ||
| Q2 24 | $13.3M | $-1.1M | ||
| Q1 24 | $11.1M | $-22.0M |
毛利率HIMSVNET
| Q4 25 | 71.9% | — | ||
| Q3 25 | 73.8% | 20.9% | ||
| Q2 25 | 76.4% | — | ||
| Q1 25 | 73.5% | 25.2% | ||
| Q4 24 | 76.8% | — | ||
| Q3 24 | 79.2% | 23.2% | ||
| Q2 24 | 81.3% | 21.3% | ||
| Q1 24 | 82.4% | 21.6% |
营业利润率HIMSVNET
| Q4 25 | 1.5% | — | ||
| Q3 25 | 2.0% | 0.5% | ||
| Q2 25 | 4.9% | — | ||
| Q1 25 | 9.9% | 0.1% | ||
| Q4 24 | 3.9% | — | ||
| Q3 24 | 5.6% | 24.5% | ||
| Q2 24 | 3.5% | 0.2% | ||
| Q1 24 | 3.6% | 0.2% |
净利率HIMSVNET
| Q4 25 | 3.3% | — | ||
| Q3 25 | 2.6% | -10.7% | ||
| Q2 25 | 7.8% | — | ||
| Q1 25 | 8.4% | -0.8% | ||
| Q4 24 | 5.4% | — | ||
| Q3 24 | 18.8% | -0.7% | ||
| Q2 24 | 4.2% | -0.4% | ||
| Q1 24 | 4.0% | -8.4% |
每股收益（稀释后）HIMSVNET
| Q4 25 | $0.08 | — | ||
| Q3 25 | $0.06 | — | ||
| Q2 25 | $0.17 | — | ||
| Q1 25 | $0.20 | — | ||
| Q4 24 | $0.10 | — | ||
| Q3 24 | $0.32 | — | ||
| Q2 24 | $0.06 | — | ||
| Q1 24 | $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 | $228.6M | $492.1M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $540.9M | $890.8M |
| 总资产 | $2.2B | $6.1B |
| 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HIMSVNET
| Q4 25 | $228.6M | — | ||
| Q3 25 | $345.8M | $492.1M | ||
| Q2 25 | $1.1B | — | ||
| Q1 25 | $273.7M | $544.3M | ||
| Q4 24 | $220.6M | — | ||
| Q3 24 | $165.5M | $219.5M | ||
| Q2 24 | $129.3M | $247.2M | ||
| Q1 24 | $105.2M | $246.9M |
总债务HIMSVNET
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | $1.2B | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益HIMSVNET
| Q4 25 | $540.9M | — | ||
| Q3 25 | $581.0M | $890.8M | ||
| Q2 25 | $562.7M | — | ||
| Q1 25 | $549.3M | $927.8M | ||
| Q4 24 | $476.7M | — | ||
| Q3 24 | $440.1M | $902.9M | ||
| Q2 24 | $362.0M | $900.6M | ||
| Q1 24 | $344.5M | $895.1M |
总资产HIMSVNET
| Q4 25 | $2.2B | — | ||
| Q3 25 | $2.2B | $6.1B | ||
| Q2 25 | $1.9B | — | ||
| Q1 25 | $891.7M | $5.4B | ||
| Q4 24 | $707.5M | — | ||
| Q3 24 | $602.3M | $4.3B | ||
| Q2 24 | $480.5M | $4.0B | ||
| Q1 24 | $448.1M | $3.9B |
负债/权益比HIMSVNET
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 1.28× | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
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 | $113.8M |
| 自由现金流经营现金流 - 资本支出 | $-2.5M | $-193.1M |
| 自由现金流率自由现金流/营收 | -0.4% | -53.2% |
| 资本支出强度资本支出/营收 | 10.3% | 84.6% |
| 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 | $-589.7M |
8季度趋势，按日历期对齐
经营现金流HIMSVNET
| Q4 25 | $61.3M | — | ||
| Q3 25 | $148.7M | $113.8M | ||
| Q2 25 | $-19.1M | — | ||
| Q1 25 | $109.1M | $27.0M | ||
| Q4 24 | $86.4M | — | ||
| Q3 24 | $85.3M | $108.3M | ||
| Q2 24 | $53.6M | $55.8M | ||
| Q1 24 | $25.8M | $37.1M |
自由现金流HIMSVNET
| Q4 25 | $-2.5M | — | ||
| Q3 25 | $79.3M | $-193.1M | ||
| Q2 25 | $-69.5M | — | ||
| Q1 25 | $50.1M | $-220.0M | ||
| Q4 24 | $59.5M | — | ||
| Q3 24 | $79.4M | $-95.0M | ||
| Q2 24 | $47.6M | $-81.6M | ||
| Q1 24 | $11.8M | $-102.2M |
自由现金流率HIMSVNET
| Q4 25 | -0.4% | — | ||
| Q3 25 | 13.2% | -53.2% | ||
| Q2 25 | -12.8% | — | ||
| Q1 25 | 8.5% | -71.1% | ||
| Q4 24 | 12.4% | — | ||
| Q3 24 | 19.8% | -31.4% | ||
| Q2 24 | 15.1% | -29.8% | ||
| Q1 24 | 4.3% | -38.9% |
资本支出强度HIMSVNET
| Q4 25 | 10.3% | — | ||
| Q3 25 | 11.6% | 84.6% | ||
| Q2 25 | 9.3% | — | ||
| Q1 25 | 10.1% | 79.8% | ||
| Q4 24 | 5.6% | — | ||
| Q3 24 | 1.5% | 67.3% | ||
| Q2 24 | 1.9% | 50.1% | ||
| Q1 24 | 5.0% | 53.0% |
现金转化率HIMSVNET
| 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
