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Hims & Hers Health vs SBC Medical: revenue, profit, margins and growth compared

Hims & Hers Health brought in $2.3B of revenue in fiscal 2025, SBC Medical $173.6M in fiscal 2025. Revenue changed by +59.0% at Hims & Hers Health and -15.5% at SBC Medical on the year before, so Hims & Hers Health grew faster. Hims & Hers Health kept 5.5% of its revenue as net profit, SBC Medical 29.4%. Free cash flow was $57.4M at Hims & Hers Health and $23.3M at SBC Medical.

Side by side, latest fiscal year

HIMSSBC
Fiscal year endedFY2025 (December 31, 2025)FY2025 (December 31, 2025)
Revenue$2.3B$173.6M
Revenue growth+59.0%-15.5%
Net income$128.4M$51M
Net margin5.5%29.4%
Free cash flow$57.4M$23.3M
Free cash flow margin2.4%13.4%
Earnings per share (diluted)$0.51$0.50
Cash$228.6M$163.8M
Debtn/a$42.8M
Price to earnings57.79.8
Market value$6.9B$504M
Dividend yieldn/an/a
Rank by revenue in sector#99 of 523 · Health care#266 of 523 · Health care

Over the years

Revenue
HIMS FY2019: $82.6MHIMS FY2020: $148.8MHIMS FY2021: $271.9MHIMS FY2022: $526.9MHIMS FY2023: $872MHIMS FY2024: $1.5BHIMS FY2025: $2.3BSBC FY2023: $193.5MSBC FY2024: $205.4MSBC FY2025: $173.6MFY19FY20FY21FY22FY23FY24FY25
HIMS $2.3BSBC $173.6M
Net income
HIMS FY2019: -$72.1MHIMS FY2020: -$18.1MHIMS FY2021: -$107.7MHIMS FY2022: -$65.7MHIMS FY2023: -$23.5MHIMS FY2024: $126MHIMS FY2025: $128.4MSBC FY2023: $39.4MSBC FY2024: $46.6MSBC FY2025: $51MFY19FY20FY21FY22FY23FY24FY25
HIMS $128.4MSBC $51M
Net margin
HIMS FY2019: -87.3%HIMS FY2020: -12.2%HIMS FY2021: -39.6%HIMS FY2022: -12.5%HIMS FY2023: -2.7%HIMS FY2024: 8.5%HIMS FY2025: 5.5%SBC FY2023: 20.3%SBC FY2024: 22.7%SBC FY2025: 29.4%FY19FY20FY21FY22FY23FY24FY25
HIMS 5.5%SBC 29.4%
Revenue growth
HIMS FY2020: +80.2%HIMS FY2021: +82.8%HIMS FY2022: +93.8%HIMS FY2023: +65.5%HIMS FY2024: +69.3%HIMS FY2025: +59.0%SBC FY2024: +6.1%SBC FY2025: -15.5%FY20FY21FY22FY23FY24FY25
HIMS +59.0%SBC -15.5%
Free cash flow
HIMS FY2022: -$33.7MHIMS FY2023: $47MHIMS FY2024: $198.3MHIMS FY2025: $57.4MSBC FY2023: $42.1MSBC FY2024: $18MSBC FY2025: $23.3MFY22FY23FY24FY25
HIMS $57.4MSBC $23.3M

Fiscal years as each company reports them; the two may end in different months.

Questions about Hims & Hers Health and SBC Medical

Which is bigger by revenue, Hims & Hers Health or SBC Medical?

Hims & Hers Health is bigger by revenue: $2.3B in fiscal 2025, against $173.6M for SBC Medical in fiscal 2025.

Which keeps more of its revenue as profit, Hims & Hers Health or SBC Medical?

Hims & Hers Health had a net margin of 5.5% in fiscal 2025; SBC Medical had 29.4% in fiscal 2025.

Which grew revenue faster, Hims & Hers Health or SBC Medical?

In their latest fiscal years revenue changed by +59.0% at Hims & Hers Health and -15.5% at SBC Medical.

Where do these numbers come from?

From the annual reports each company files with the SEC (10-K, or 20-F and 40-F for foreign companies), read from their XBRL data. Margins and growth are simple arithmetic on those figures. Nothing here is a recommendation.

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