Progyny Inc (PGNY)
Operating profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 62,184 | 23,341 | 32,340 | 8,348 | 9,677 |
| Revenue | US$ in thousands | 1,091,910 | 787,727 | 501,082 | 344,979 | 229,624 |
| Operating profit margin | 5.69% | 2.96% | 6.45% | 2.42% | 4.21% |
December 31, 2023 calculation
Operating profit margin = Operating income ÷ Revenue
= $62,184K ÷ $1,091,910K
= 5.69%
The operating profit margin of Progyny Inc has fluctuated over the past five years. In 2023, the operating profit margin was 5.71%, showing an improvement from the previous year's 2.97%. However, it was lower than the margin recorded in 2021, which stood at 6.46%. In 2020 and 2019, the operating profit margins were 2.42% and 4.21% respectively.
This trend indicates some variability in the company's ability to generate profits from its core operations over the years. It is important to further assess the factors contributing to these fluctuations to understand the company's operational efficiency and profitability sustainability.
Peer comparison
Dec 31, 2023