Compare price, profitability, solvency, and SEC-reported financials side by side—before deciding which assumptions deserve a closer look.
FY 2025 ·
Decision snapshot: APPN stock price vs HIMS: inconclusive Relative valuation is incomplete for this pair. Review the available filing metrics before drawing a conclusion.
Quick read
Each company valued on the other's multiple, then compared with the market price.
Implied fair value · at HIMS's multiple
Needs HIMS P/E.
Implied fair value · at APPN's multiple
Needs APPN P/E.
Snapshot Sep 4, 4:00 PM ET
Metric by metric
Where each company leads, and how wide the gap is.
Growth lag
Pricing power
Operating leverage
Multiple premium
Not comparable
Lower leverage
Statements
Core statements aligned to each company's latest fiscal year.
SEC periods: APPN FY 2025 (ended Dec 31, 2025) · HIMS FY 2025 (ended Dec 31, 2025).
Trendline
Five fiscal years of revenue, earnings, and margins before underwriting a re-rating.
Price framework
Market cap plus debt, less cash.
Capital structure 92% equity / 8% debt · EV / Revenue 3.86x · EV / EBITDA 69.89x
Capital structure 0% equity / 100% debt · EV / Revenue 0.47x · EV / EBITDA 7.55x
APPN carries the larger enterprise value at $2.81B against $1.11B; HIMS trades on the lower EV / Revenue multiple (0.47x vs 3.86x); HIMS on the lower EV / EBITDA (7.55x vs 69.89x).
Price framework
The same filing-backed model used on each company's valuation page, with company-specific inputs and calculated scenarios.
APPIAN CORPORATION · implied price per share
At least 3 of the last 5 annual free-cash-flow observations must be positive.
HIMS & HERS HEALTH, INC. · implied price per share
Debt and bridge-cash inputs are required to translate enterprise value into equity value.
Balance sheet health
Financial health checks to separate durable balance sheets from potential value traps.
Financial strength on a 0–9 scale.
Bankruptcy-risk signal from balance sheet and earnings power.
Debt / equity
Total debt against shareholders' equity
-5.12x
2.48x
Net debt / EBITDA
Leverage against operating earnings
1.33x
7.55x
Cash and equivalents
Liquid reserves on the balance sheet
$187.23M
$228.62M
Total debt
Interest-bearing obligations outstanding
Comparable set
Where the pair sits against the wider comparable set.
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