Progyny Inc (PGNY)
Pretax margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) | US$ in thousands | 70,691 | 24,441 | 32,435 | 8,679 | -8,557 |
| Revenue | US$ in thousands | 1,091,910 | 787,727 | 501,082 | 344,979 | 229,624 |
| Pretax margin | 6.47% | 3.10% | 6.47% | 2.52% | -3.73% |
December 31, 2023 calculation
Pretax margin = EBT ÷ Revenue
= $70,691K ÷ $1,091,910K
= 6.47%
Progyny Inc's pretax margin has shown fluctuations over the past five years. The pretax margin was negative in 2019, indicating a net loss before tax in that year. However, the company improved its pretax performance in the following years. Notably, there was a significant increase in pretax margin from 2020 to 2021, reaching 6.48%, demonstrating improved profitability. In 2023, the pretax margin further increased to 6.49%, indicating the company's ability to generate higher earnings before taxes relative to its revenue in that year. Overall, the trend suggests that Progyny Inc has made efforts to enhance its operational efficiency and financial performance over the years.
Peer comparison
Dec 31, 2023