Progyny Inc (PGNY)
Profitability ratios
Return on sales
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit margin | 21.87% | 21.85% | 21.86% | 22.07% | 21.24% | 21.12% | 21.13% | 21.08% | 22.38% | 22.73% | 22.22% | 21.34% | 20.31% | 19.73% | 19.34% |
| 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% |
| 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% |
| Net profit margin | 5.68% | 5.02% | 5.14% | 4.92% | 3.85% | 6.00% | 7.39% | 10.08% | 13.13% | 18.95% | 17.28% | 15.03% | 13.47% | 0.96% | -3.69% |
Progyny Inc's profitability ratios have shown consistency and improvement over the quarters in terms of gross profit margin, operating profit margin, pre-tax margin, and net profit margin.
The gross profit margin has remained relatively stable in the range of 21.91% to 22.11%, indicating that the company is effectively managing its production costs and generating profits from its core operations.
The operating profit margin has shown a positive trend, gradually increasing from 4.40% in Q1 2023 to 5.71% in Q4 2023. This suggests that Progyny Inc has been able to control its operating expenses and improve its operational efficiency.
Similarly, the pre-tax margin has also shown improvement, increasing from 4.69% in Q1 2023 to 6.49% in Q4 2023. This indicates that the company has been able to generate higher profits before accounting for taxes over the quarters.
The net profit margin has shown fluctuations but overall improvement, with a significant increase from 3.86% in Q4 2022 to 5.70% in Q4 2023. This indicates that Progyny Inc has been able to effectively manage its tax liabilities and other non-operating expenses to enhance its bottom-line profitability.
Overall, Progyny Inc's profitability ratios demonstrate a positive trend towards improved profitability and efficiency in its operations over the quarters. It is essential for the company to continue to effectively manage its costs and drive revenue growth to sustain or further enhance its profitability in the future.
Return on investment
| 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 return on assets (Operating ROA) | 8.22% | 7.11% | 6.57% | 5.91% | 4.30% | 3.89% | 3.81% | 4.93% | 9.03% | 10.01% | 9.44% | 5.68% | 3.29% | 4.12% | 3.70% |
| Return on assets (ROA) | 8.20% | 7.15% | 7.23% | 6.63% | 5.59% | 8.23% | 9.85% | 13.37% | 18.37% | 26.66% | 24.93% | 19.69% | 18.30% | 1.48% | -5.66% |
| Return on total capital | 11.24% | 10.03% | 9.53% | 9.05% | 6.19% | 5.72% | 5.68% | 7.32% | 12.84% | 15.03% | 14.40% | 9.06% | 5.00% | 6.62% | 5.54% |
| Return on equity (ROE) | 11.21% | 10.08% | 10.50% | 10.15% | 8.05% | 12.12% | 14.67% | 19.87% | 26.12% | 40.05% | 38.03% | 31.41% | 27.83% | 2.37% | -8.46% |
Progyny Inc's profitability ratios have shown a generally positive trend over the past quarters.
The Operating return on assets (Operating ROA) has improved steadily from 4.30% in Q4 2022 to 8.22% in Q4 2023, indicating that the company is generating more operating income per dollar of assets over time.
Similarly, the Return on assets (ROA) has also shown an upward trend, increasing from 5.59% in Q4 2022 to 8.20% in Q4 2023. This suggests that Progyny Inc is becoming more efficient in generating profits from its total assets.
The Return on total capital has also seen consistent growth, rising from 6.19% in Q4 2022 to 11.24% in Q4 2023. This indicates that the company is effectively utilizing its total capital to generate returns for its stakeholders.
Lastly, the Return on equity (ROE) has shown improvement as well, increasing from 8.05% in Q4 2022 to 11.21% in Q4 2023. This demonstrates that Progyny Inc is effectively using shareholders' equity to generate profits.
Overall, Progyny Inc's profitability ratios indicate a positive trend of improving profitability and efficiency in utilizing assets and capital to generate returns for its shareholders.