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Progyny, Inc.

PGNY

$28.11 ▼ -2.09 (-6.90%) at close

9 Visible periods

31 Metrics

Peer-ranked Benchmarks

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Health

Good

Neutral

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Analytical Summary

Progyny, Inc. shows mixed fundamentals. Consider comparing against peers in the Healthcare sector before making investment decisions.

Market Cap $2.4B

Dividend Yield —

Revenue Growth 10.4% ↗

Op. Margin 6.6% ↗

ROIC 10.1% ↘

FCF / Share $2.24 ↗

Trailing P/E 41.3x

Price / Book 4.5x

FCF Yield 8.0%

Debt / Equity —

info Valuation on last close. End-of-day price, Aug 7, 2026.

9-Year Financial Trajectory

Annual

Metric Value Trend Year over Year Percentile

Revenue Total top-line sales

$1.29B

↑ +10.4% —

Net Income Profit after all expenses

$58.52M

↑ +7.7% —

Operating Margin Operating profit as % of sales

6.6%

↑ +14.5% 47th

FCF / Share Free cash flow per share

$2.24

↑ +17.9% —

Health Breakdown

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📈 Is growth accelerating? 7 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗
Revenue Growth YoY (%)	10.4% Good ↓ Good Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+30%)	7.2% Fair ↓ Fair Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-10%)	38.3% Excellent ↓ Excellent Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+379%)	57.2% Excellent ↓ Excellent Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+615%)	45.2% Excellent ↓ Excellent Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+465%)	50.1% Excellent ↓ Excellent Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+527%)	117.9% Excellent Excellent Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+1374%)	116.9% Excellent Excellent Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+1362%)	—
EPS Growth YoY (%)	15.3% Good ↑ Good Improving Year-over-year change in earnings per share Optimal: > 10%	-9.2% Weak ↓ Weak Declining Year-over-year change in earnings per share Optimal: > 10%	97.0% Excellent ↑ Excellent Improving Year-over-year change in earnings per share Optimal: > 10%	-55.4% Weak ↓ Weak Declining Year-over-year change in earnings per share Optimal: > 10%	37.0% Excellent ↓ Excellent Declining Year-over-year change in earnings per share Optimal: > 10%	N/M	59.0% Excellent Excellent Year-over-year change in earnings per share Optimal: > 10%	57.8% Excellent Excellent Year-over-year change in earnings per share Optimal: > 10%	—
Net Income Growth YoY (%)	7.7% Fair ↓ Fair Declining Year-over-year change in net income	-12.4% Weak ↓ Weak Declining Year-over-year change in net income	104.4% Excellent ↑ Excellent Improving Year-over-year change in net income	-53.8% Weak Weak Year-over-year change in net income	41.6% Excellent Excellent Year-over-year change in net income	N/M	N/M	N/M	—
FCF Growth YoY (%)	17.9% Good ↓ Good Declining Year-over-year change in free cash flow	-2.6% Weak ↓ Weak Declining Year-over-year change in free cash flow	132.9% Excellent ↑ Excellent Improving Year-over-year change in free cash flow	211.9% Excellent Excellent Year-over-year change in free cash flow	-34.6% Weak Weak Year-over-year change in free cash flow	N/M	N/M	N/M	—
Revenue CAGR 3Y (%)	17.9% Excellent ↓ Excellent Declining Compound annual revenue growth over 3 years	32.6% Excellent ↓ Excellent Declining Compound annual revenue growth over 3 years	46.7% Excellent ↓ Excellent Declining Compound annual revenue growth over 3 years	50.8% Excellent ↓ Excellent Declining Compound annual revenue growth over 3 years	68.1% Excellent Excellent Compound annual revenue growth over 3 years	92.2% Excellent Excellent Compound annual revenue growth over 3 years	—	—	—
Revenue CAGR 5Y (%)	30.2% Excellent ↓ Excellent Declining Compound annual revenue growth over 5 years	38.4% Excellent ↓ Excellent Declining Compound annual revenue growth over 5 years	59.5% Excellent Excellent Compound annual revenue growth over 5 years	74.5% Excellent Excellent Compound annual revenue growth over 5 years	—	—	—	—	—
EPS CAGR 3Y (%)	27.3% Excellent ↑ Excellent Improving Compound annual EPS growth over 3 years	-7.3% Weak Weak Compound annual EPS growth over 3 years	6.4% Fair Fair Compound annual EPS growth over 3 years	—	—	—	—	—	—

💰 Are margins durable? 5 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗
Operating Margin (%) (%)	6.6% Caution ↑ Caution Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-56%)	5.8% Weak ↑ Weak Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-61%)	5.7% Weak ↑ Weak Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-62%)	3.0% Weak ↓ Weak Declining Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-80%)	6.5% Caution ↑ Caution Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-57%)	2.4% Weak ↑ Weak Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-84%)	4.2% Weak ↑ Weak Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-72%)	-3.3% Weak Weak Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-122%)	-22.7% Weak Weak Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-251%)
Effective Tax Rate (%) (%)	38.7% Weak ↑ Weak Improving Actual taxes paid relative to pre-tax income Optimal: 15-25%	34.7% Weak ↑ Weak Improving Actual taxes paid relative to pre-tax income Optimal: 15-25%	12.2% Excellent ↑ Excellent Improving Actual taxes paid relative to pre-tax income Optimal: 15-25%	-24.2% Excellent ↑ Excellent Improving Actual taxes paid relative to pre-tax income Optimal: 15-25%	-102.8% Excellent Excellent Actual taxes paid relative to pre-tax income Optimal: 15-25%	-435.3% Excellent Excellent Actual taxes paid relative to pre-tax income Optimal: 15-25%	—	—	—
Profit Margin (%) (%)	4.5% Weak → Weak Stable Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-62%)	4.7% Weak ↓ Weak Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-61%)	5.7% Caution ↓ Caution Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-53%)	3.9% Weak ↓ Weak Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-68%)	13.1% Fair ↑ Fair Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+9%)	13.5% Fair ↑ Fair Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+12%)	-3.7% Weak ↑ Weak Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-131%)	0.6% Weak Weak Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-95%)	-25.6% Weak Weak Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-314%)
FCF Margin (%) (%)	14.9% Fair ↑ Fair Improving Free cash flow as a percentage of revenue Optimal: > 10%	14.9% Fair ↑ Fair Improving Free cash flow as a percentage of revenue Optimal: > 10%	17.0% Good ↑ Good Improving Free cash flow as a percentage of revenue Optimal: > 10%	9.8% Caution ↑ Caution Improving Free cash flow as a percentage of revenue Optimal: > 10%	4.8% Weak ↑ Weak Improving Free cash flow as a percentage of revenue Optimal: > 10%	10.2% Fair ↑ Fair Improving Free cash flow as a percentage of revenue Optimal: > 10%	-2.0% Weak ↑ Weak Improving Free cash flow as a percentage of revenue Optimal: > 10%	1.6% Weak Weak Free cash flow as a percentage of revenue Optimal: > 10%	-20.8% Weak Weak Free cash flow as a percentage of revenue Optimal: > 10%
FCF / Net Income (x)	3.28x Excellent ↑ Excellent Improving Free cash flow relative to reported net income Optimal: > 1x	3.20x Excellent ↑ Excellent Improving Free cash flow relative to reported net income Optimal: > 1x	2.98x Excellent ↑ Excellent Improving Free cash flow relative to reported net income Optimal: > 1x	2.54x Excellent ↑ Excellent Improving Free cash flow relative to reported net income Optimal: > 1x	0.36x Weak ↓ Weak Declining Free cash flow relative to reported net income Optimal: > 1x	0.76x Caution ↓ Caution Declining Free cash flow relative to reported net income Optimal: > 1x	0.52x Weak ↓ Weak Declining Free cash flow relative to reported net income Optimal: > 1x	2.56x Excellent Excellent Free cash flow relative to reported net income Optimal: > 1x	0.81x Caution Caution Free cash flow relative to reported net income Optimal: > 1x

🎯 Is capital allocation efficient? 3 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗
Return on Invested Capital (%)	10.1% Good ↑ Good Improving Return earned on debt + equity capital invested Optimal: > 10%	10.4% Good ↓ Good Declining Return earned on debt + equity capital invested Optimal: > 10%	9.9% Fair ↓ Fair Declining Return earned on debt + equity capital invested Optimal: > 10%	7.7% Fair ↓ Fair Declining Return earned on debt + equity capital invested Optimal: > 10%	26.0% Excellent ↑ Excellent Improving Return earned on debt + equity capital invested Optimal: > 10%	26.8% Excellent ↑ Excellent Improving Return earned on debt + equity capital invested Optimal: > 10%	6.7% Caution ↑ Caution Improving Return earned on debt + equity capital invested Optimal: > 10%	2.9% Weak Weak Return earned on debt + equity capital invested Optimal: > 10%	8.9% Fair Fair Return earned on debt + equity capital invested Optimal: > 10%
Return on Capital (%) (%)	11.5% Good ↑ Good Improving Operating profit relative to total assets Optimal: > 10%	11.1% Good ↑ Good Improving Operating profit relative to total assets Optimal: > 10%	8.2% Fair ↑ Fair Improving Operating profit relative to total assets Optimal: > 10%	4.3% Caution ↓ Caution Declining Operating profit relative to total assets Optimal: > 10%	9.0% Fair ↑ Fair Improving Operating profit relative to total assets Optimal: > 10%	3.3% Weak ↑ Weak Improving Operating profit relative to total assets Optimal: > 10%	6.4% Caution Caution Operating profit relative to total assets Optimal: > 10%	-8.4% Weak Weak Operating profit relative to total assets Optimal: > 10%	—
Return on Common Equity (%) (%)	11.3% Fair ↑ Fair Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-24%)	12.9% Fair ↓ Fair Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-14%)	11.2% Fair ↓ Fair Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-25%)	8.1% Caution ↓ Caution Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-46%)	26.1% Excellent ↑ Excellent Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+74%)	27.8% Excellent ↑ Excellent Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+86%)	-7.5% Weak ↓ Weak Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-150%)	-0.7% Weak Weak Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-105%)	12.8% Fair Fair Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-15%)

⚖️ Is the balance sheet risky? 4 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗
Debt to Equity (x)	—	—	—	—	—	—	—	-0.00x Excellent Excellent Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-100%)	—
Interest Coverage (x)	—	—	—	—	—	—	54.98x Excellent ↑ Excellent Improving Operating income divided by interest expense Optimal: > 5x	-6.84x Weak Weak Operating income divided by interest expense Optimal: > 5x	-20.30x Weak Weak Operating income divided by interest expense Optimal: > 5x
Net Debt (USD)	$-112.24M	$-162.31M	$-97.30M	$-120.08M	$-91.41M	$-70.31M	$-80.38M	$126.00K	—
Debt / EBITDA (x)	—	—	—	—	—	—	—	-0.16x Excellent Excellent Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	—

📊 What does each share earn? 6 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗
Revenue per Share (USD)	$15.05	$12.76	$11.46	$8.54	$5.62	$4.02	$11.08	$19.03	$8.56
Basic EPS, GAAP (USD)	$0.68	$0.59	$0.65	$0.33	$0.74	$0.54	$-0.41	$-1.00	$-2.37
Free Cash Flow per Share (USD)	$2.24	$1.90	$1.95	$0.84	$0.27	$0.41	$-0.22	$0.31	$-1.78
Book Value per Share (USD)	$6.19	$4.95	$5.74	$4.04	$2.76	$1.92	$1.36	$-18.45	$-17.19
Tangible Book Value per Share (USD)	$5.95	$4.77	$5.62	$3.91	$2.63	$1.78	$1.22	$-20.75	$-17.19
Basic Weighted Avg Shares (shares)	85.65M	91.48M	95.02M	92.20M	89.11M	85.72M	20.74M	5.54M	5.68M

🏦 How resilient is the balance sheet? 2 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗
Working Capital (USD)	$349.38M	$304.09M	$454.46M	$274.32M	$159.72M	$112.44M	$96.28M	$-5.67M	—
Total Equity (USD)	$516.04M	$422.06M	$553.43M	$376.97M	$251.82M	$166.95M	$114.27M	$-95.11M	$-97.62M

📋 What is driving earnings? 4 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗
Sales/Revenue/Turnover (USD)	$1.29B	$1.17B	$1.09B	$786.91M	$500.62M	$344.86M	$229.68M	$105.40M	$48.58M
Depreciation Expense (USD)	$4.95M	$3.17M	$2.28M	$1.60M	$1.30M	$1.91M	$2.13M	$1.88M	$1.56M
Net Income, GAAP (USD)	$58.52M	$54.34M	$62.04M	$30.36M	$65.77M	$46.46M	$-8.57M	$661.00K	$-12.45M
Operating Cash Flow (USD)	$210.19M	$179.10M	$188.81M	$80.39M	$26.04M	$36.20M	$-1.53M	$2.27M	$-9.47M

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bar_chart Data from SEC EDGAR XBRL filings

Synced 1 week ago 9 years · 34 quarters

Progyny, Inc.

Analytical Summary

9-Year Financial Trajectory

Health Breakdown

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