Progyny Inc (PGNY)
Operating profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 67,455 | 62,184 | 23,341 | 32,340 | 8,348 |
| Revenue | US$ in thousands | 1,165,810 | 1,091,910 | 787,727 | 501,082 | 344,979 |
| Operating profit margin | 5.79% | 5.69% | 2.96% | 6.45% | 2.42% |
December 31, 2024 calculation
Operating profit margin = Operating income ÷ Revenue
= $67,455K ÷ $1,165,810K
= 5.79%
The operating profit margin of Progyny Inc has shown a fluctuating trend over the last five years. Starting at 2.42% on December 31, 2020, the margin increased to 6.45% by December 31, 2021, indicating improved operational efficiency. However, the margin dropped to 2.96% by December 31, 2022, before rebounding to 5.69% by December 31, 2023, and further increasing to 5.79% by December 31, 2024. This indicates that while there have been some fluctuations, overall, Progyny Inc has shown an improvement in its ability to generate profits from its core operations over the years. However, it may be important for the company to focus on sustaining this upward trend to ensure long-term financial sustainability.
Peer comparison
Dec 31, 2024