Progyny Inc (PGNY)
Net profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 54,336 | 62,037 | 30,358 | 65,769 | 46,459 |
| Revenue | US$ in thousands | 1,165,810 | 1,091,910 | 787,727 | 501,082 | 344,979 |
| Net profit margin | 4.66% | 5.68% | 3.85% | 13.13% | 13.47% |
December 31, 2024 calculation
Net profit margin = Net income ÷ Revenue
= $54,336K ÷ $1,165,810K
= 4.66%
The net profit margin of Progyny Inc has shown some fluctuations over the years. It was 13.47% as of December 31, 2020, indicating that the company was able to generate a net profit of approximately 13.47 cents for every dollar of revenue earned. However, by December 31, 2022, the net profit margin decreased significantly to 3.85%, suggesting a lower profitability compared to previous years.
There was a slight improvement in the net profit margin to 5.68% as of December 31, 2023, indicating that the company was able to increase its profitability slightly. However, by December 31, 2024, the net profit margin decreased again to 4.66%.
Overall, while the net profit margin has shown some variability, Progyny Inc has generally maintained a positive net profit margin, indicating its ability to efficiently convert revenue into profit, although the decline in recent years suggests a need for further analysis to identify potential factors contributing to the fluctuations in profitability.
Peer comparison
Dec 31, 2024