Yes. Source: experience

For real though. I did rocky horror picture show a while ago with some old friends who did theatre, and I dressed up as a gender bent version of Columbia in the gold sequin jacket. They contoured my face, gave me cats eyes, and dyed my beard bright red. I felt fly as fuck, I look damn good in fishnets and makeup. I also got to experience feeling hot; that night I learned that my body type has a number of admirers in the gay community, and quite a few people in attendance made sure I knew it. All around one of the best things that has ever happened to my self esteem

It doesn't have to be makeup, but caring for how you look can help you feel fly, too. A haircut that fits. Face treatments or creams with nice scents feel good. Finding the right products for you can make you feel good. I helped my husband find the right soap and shampoo for his skin and hair type, got him to use moisturizer and better shaving products. His acne that he had for years vanished completely, his skin is nice and smooth now and he feels so much better because all the dry skin was uncomfortable. He also goes to a barber shop now that massages his head and gives him a haircut and beard trimming and he loves having a little spa time.

It won't magic magically cure your depression or reduce your weight, but it will help you feel better in your body.

If it makes you feel more confident and happy about what you see in the mirror, then yeah it’s going to help.

You’d probably get some detractors who won’t be able to help making remarks but all they’re really telling you is they’re not your friend.

You can also do something natural looking that most guys don’t recognize as ‘makeup’ but helps improve your look.

There’s more men who do this than you might realize, e.g. anyone behind a news desk on tv