Progyny Inc (PGNY)
Return on equity (ROE)
| 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 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 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 | 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 | 119,492 | 114,271 | -91,250 |
| 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% |
December 31, 2023 calculation
ROE = Net income (ttm) ÷ Total stockholders’ equity
= $62,037K ÷ $553,429K
= 11.21%
Progyny Inc's return on equity (ROE) has shown some fluctuations over the past eight quarters. In Q4 2023, the ROE stood at 11.21%, showing a slight increase from the previous quarter's 10.08%. Despite this improvement, the ROE is still lower than the peak of 14.67% seen in Q2 2022. Overall, Progyny Inc's ROE has generally been in the range of 8.05% to 14.67% over the past two years, indicating varying levels of profitability and efficiency in generating returns for its shareholders. It is important for stakeholders to further investigate the factors contributing to these fluctuations to assess the company's financial performance and long-term sustainability.
Peer comparison
Dec 31, 2023