Progyny Inc (PGNY)
Pretax 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) (ttm) | US$ in thousands | 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 | 1,091,902 | 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 | 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, 2023 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $70,691K ÷ $1,091,902K
= 6.47%
Progyny Inc's pretax margin has shown a consistent positive trend over the past eight quarters, indicating improving profitability. The pretax margin has steadily increased from 3.11% in Q4 2022 to 6.49% in Q4 2023, demonstrating a strong upward trajectory. This suggests that the company has been successful in controlling its operating expenses and generating higher pre-tax profits relative to its revenue.
The pretax margin for Q4 2023 is the highest among the quarters analyzed, reflecting improved efficiency in managing costs and maximizing profitability. This positive trend in pretax margin is a favorable indicator of Progyny Inc's overall financial performance and ability to generate profits before accounting for taxes. Considering the consistent upward movement in pretax margin, Progyny Inc appears to be effectively leveraging its resources and optimizing its operations to enhance profitability.
Peer comparison
Dec 31, 2023