Progyny Inc (PGNY)

Pretax margin

		Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	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
Earnings before tax but after interest (EBT) (ttm)	US$ in thousands	83,185	81,789	84,758	76,858	70,691	58,570	49,178	40,914	24,441	19,902	17,480	20,497	32,435	34,009	29,714	16,730	8,679	3,026	-9,981
Revenue (ttm)	US$ in thousands	1,167,818	1,140,069	1,135,369	1,111,361	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
Pretax margin		7.12%	7.17%	7.47%	6.92%	6.47%	5.65%	5.12%	4.68%	3.10%	2.84%	2.83%	3.72%	6.47%	7.18%	6.60%	4.34%	2.52%	0.98%	-3.67%

December 31, 2024 calculation

Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $83,185K ÷ $1,167,818K
= 7.12%

The pretax margin of Progyny Inc has shown a gradual improvement over the given period. Starting at -3.67% on June 30, 2020, it turned positive on September 30, 2020, and continued to increase steadily until reaching a peak of 7.47% on June 30, 2024. However, the pretax margin dipped slightly in the following periods but remained above 7% until December 31, 2024, at 7.12%. This trend indicates that Progyny Inc has been efficiently managing its expenses relative to its revenue before accounting for taxes, ultimately leading to a healthier profit margin over time.

Peer comparison

Dec 31, 2024

Company name

Symbol

Pretax margin

Progyny Inc

PGNY

7.12%

DaVita HealthCare Partners Inc