Progyny Inc (PGNY)
Net profit margin
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 62,037 | 51,975 | 49,288 | 43,065 | 30,358 | 42,030 | 45,615 | 55,574 | 65,769 | 89,761 | 77,787 | 57,996 | 46,459 | 2,987 | -10,045 |
| Revenue (ttm) | US$ in thousands | 1,091,902 | 1,036,101 | 959,749 | 874,714 | 787,727 | 700,482 | 617,337 | 551,196 | 501,082 | 473,730 | 450,213 | 385,920 | 344,979 | 309,953 | 272,210 |
| Net profit margin | 5.68% | 5.02% | 5.14% | 4.92% | 3.85% | 6.00% | 7.39% | 10.08% | 13.13% | 18.95% | 17.28% | 15.03% | 13.47% | 0.96% | -3.69% |
December 31, 2023 calculation
Net profit margin = Net income (ttm) ÷ Revenue (ttm)
= $62,037K ÷ $1,091,902K
= 5.68%
The net profit margin of Progyny Inc has shown some variability over the past eight quarters. In Q4 2023, the net profit margin was 5.70%, which was an improvement compared to the previous quarter at 5.03% in Q3 2023. The company's net profit margin has ranged between 3.86% to 10.09% over the period analyzed.
The net profit margin indicates the company's profitability after all expenses have been deducted from revenue. A higher net profit margin suggests better cost management and revenue generation efficiency. Progyny Inc's net profit margins have generally been above 5% in recent quarters, indicating a relatively healthy level of profitability. However, the declining trend from Q2 2022 to Q4 2023 suggests a potential need for the company to focus on improving its efficiency in generating profits.
Overall, Progyny Inc should continue to monitor its net profit margin closely and implement strategies to enhance profitability and efficiency in its operations.
Peer comparison
Dec 31, 2023