Hims & Hers Health, Inc. (HIMS) vs Liquidia Corporation (LQDA)

Hims & Hers Health, Inc. and Liquidia Corporation are both Drug Manufacturers Specialty & Generic companies. Hims & Hers Health, Inc. and Liquidia Corporation are of similar size ($6.9B and $6.4B). Hims & Hers Health, Inc. has negative trailing earnings, so its P/E is not meaningful; Liquidia Corporation trades at 43.6×. Liquidia Corporation grew revenue faster over the last twelve months: 2,233.7% against 28.0%. Liquidia Corporation has the higher net margin (30.7% vs −5.51%) and the higher return on invested capital (121.1% vs −11.4%). Across the 19 metrics below, Liquidia Corporation leads on 16 and Hims & Hers Health, Inc. on 3.

Valuation

Metric HIMS LQDA Drug Manufacturers Specialty & Generic median
P/E n/m 43.59 20.14
P/S 2.65 13.49 2.25
P/B 21.07 31.17 1.90
Price to free cash flow 82.23 40.36 16.54
EV/EBITDA n/m 35.09 12.29
EV/Sales 2.85 13.25 2.56
Earnings yield (2.07%) 2.29% (2.99%)
Free cash flow yield 1.22% 2.48% 0.00%

Profitability

Metric HIMS LQDA Drug Manufacturers Specialty & Generic median
Gross margin 68.43% 92.54% 53.94%
Operating margin (5.99%) 37.39% 0.00%
Net margin (5.51%) 30.74% 0.00%
Free cash flow margin 3.22% 33.42% 0.00%
Return on equity (32.03%) 131.82% (0.40%)
Return on assets (5.16%) 35.57% (3.32%)
Return on invested capital (11.38%) 121.05% 0.00%

Growth

Metric HIMS LQDA Drug Manufacturers Specialty & Generic median
Revenue growth (TTM) 28.04% 2,233.65% 10.01%
EPS growth (last fiscal year) (3.77%) 51.81% —
Revenue growth, 5-year CAGR 53.90% 65.24% 6.74%
Net income growth, 5-year CAGR 0.00% 0.00% 0.00%

Health

Metric HIMS LQDA Drug Manufacturers Specialty & Generic median
Debt to equity 4.21 0.90 0.05
Current ratio 0.93 2.31 2.31
Net debt to EBITDA 2.43 (0.01) 0.85

Dividend

Metric HIMS LQDA Drug Manufacturers Specialty & Generic median
Dividend yield — — 1.70%
Payout ratio 0.00 0.00 0.00

Size

Metric HIMS LQDA Drug Manufacturers Specialty & Generic median
Market cap 6.87b 6.36b 337.35m

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