Progyny Inc (PGNY)
Operating 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 62,184 | 51,690 | 44,756 | 38,410 | 23,341 | 19,847 | 17,657 | 20,475 | 32,340 | 33,689 | 29,452 | 16,724 | 8,348 | 8,331 | 6,572 |
| 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 |
| Operating profit margin | 5.70% | 4.99% | 4.66% | 4.39% | 2.96% | 2.83% | 2.86% | 3.71% | 6.45% | 7.11% | 6.54% | 4.33% | 2.42% | 2.69% | 2.41% |
December 31, 2023 calculation
Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $62,184K ÷ $1,091,902K
= 5.70%
The operating profit margin of Progyny Inc has shown a generally increasing trend over the past eight quarters. In Q4 2023, the operating profit margin reached 5.71%, representing the highest level in the period analyzed. This improvement demonstrates the company's ability to efficiently manage its operating expenses relative to its revenue generation.
While there were fluctuations in the operating profit margin in some quarters, overall, there has been a positive trajectory in profitability. The company appears to have made efforts to control costs and optimize its operations, leading to improved margins over time.
Comparing the latest quarter to Q1 2022, the operating profit margin has increased by 1.31 percentage points, indicating a notable enhancement in profitability within the span of a year. This suggests that Progyny Inc has been successful in maximizing its operating efficiency and delivering stronger financial performance.
Overall, the upward trend in the operating profit margin reflects positively on the company's management efforts and strategic decisions aimed at enhancing profitability and creating value for its stakeholders.
Peer comparison
Dec 31, 2023