Progyny Inc (PGNY)
Gross profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 253,363 | 238,799 | 167,325 | 112,135 | 70,059 |
| Revenue | US$ in thousands | 1,165,810 | 1,091,910 | 787,727 | 501,082 | 344,979 |
| Gross profit margin | 21.73% | 21.87% | 21.24% | 22.38% | 20.31% |
December 31, 2024 calculation
Gross profit margin = Gross profit ÷ Revenue
= $253,363K ÷ $1,165,810K
= 21.73%
The gross profit margin of Progyny Inc has shown a moderate upward trend over the five-year period from December 31, 2020, to December 31, 2024. Starting at 20.31% in 2020, the gross profit margin increased to 22.38% by the end of 2021. However, there was a slight decline in 2022 to 21.24%, followed by a modest recovery to 21.87% in 2023. In the most recent year, December 31, 2024, the gross profit margin remained relatively stable at 21.73%.
Overall, the trend indicates that Progyny Inc has been able to improve its efficiency in generating profits from its core operations, as reflected in the increasing gross profit margin. However, the fluctuations observed in 2022 and 2023 suggest that the company may have experienced some challenges or changes in its cost structure during those years. The maintenance of a stable gross profit margin in 2024 may indicate efforts to optimize cost management and sustain profitability levels.
Peer comparison
Dec 31, 2024