Progyny Inc (PGNY)
Return on equity (ROE)
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 54,336 | 57,274 | 62,751 | 61,257 | 62,037 | 51,975 | 49,288 | 43,065 | 30,358 | 42,030 | 45,615 | 55,574 | 65,769 | 89,761 | 77,787 | 57,996 | 46,459 | 2,987 | -10,045 |
| Total stockholders’ equity | US$ in thousands | 422,062 | 434,876 | 456,193 | 571,604 | 553,429 | 515,393 | 469,499 | 424,401 | 376,968 | 346,856 | 311,024 | 279,619 | 251,822 | 224,113 | 204,541 | 184,618 | 166,947 | 125,886 | 118,710 |
| ROE | 12.87% | 13.17% | 13.76% | 10.72% | 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% |
December 31, 2024 calculation
ROE = Net income (ttm) ÷ Total stockholders’ equity
= $54,336K ÷ $422,062K
= 12.87%
Over the past few years, Progyny Inc's return on equity (ROE) has exhibited some fluctuations. The ROE was negative at -8.46% as of June 30, 2020, indicating a period of unprofitability. However, the company managed to turn this around and achieve positive ROE figures in subsequent quarters.
From September 30, 2020, to June 30, 2021, Progyny Inc saw a consistent improvement in its ROE, with figures increasing steadily from 2.37% to 38.03%. This significant growth indicates that the company was effectively utilizing its equity to generate returns for its shareholders during this period.
Following the peak ROE of 40.05% on September 30, 2021, there was a slight decline in the metric, dropping to 8.05% by December 31, 2022. This decline may suggest challenges or changes in the company's operations or financial performance during that period.
Subsequently, there was a rebound in Progyny Inc's ROE, reaching 13.76% by June 30, 2024, after which the metric stayed relatively stable around the 13% mark for the next few quarters, closing at 12.87% as of December 31, 2024.
Overall, while Progyny Inc experienced fluctuations in its ROE over the analyzed periods, the company demonstrated the ability to improve and maintain healthy returns for its equity holders, with the ROE showing an upward trend in the long term.
Peer comparison
Dec 31, 2024