Progyny, Inc.

PGNY Healthcare Healthcare Plans

Progyny, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $1.3 billion, up 10.4% from fiscal 2024.

Revenue
+8.91%
EPS
+115.3%
Free cash flow
+2.72%

Quarter to September 2026, against a year earlier

34.84 0.47 +1.37%
Market cap
$2.6B
P/E
30.1×
Fwd P/E
26.4×
Dividend yield
—
F-score
8/9
Altman Z
8.89
Beneish M
−3.45
Dividend safety
n/a

Progyny, Inc. (PGNY) Gross margin

Alert me on Gross margin

Progyny, Inc.'s gross margin over the twelve months to 30 September 2026 was 24.9%, up 1.2 percentage points from fiscal 2025 (23.6%). Over the past ten years it has ranged from 15.2% (fiscal 2017) to 23.6% (fiscal 2025) — the current reading is the highest in ten years. That is above the Healthcare Plans industry median of 19.4% and below the Healthcare sector median of 54.5%.

Gross margin, annual

Embed this chart

Annual newest first

Period Gross margin Change (points)
FY2025 23.6% 1.92
FY2024 21.7% (0.23)
FY2023 21.9% 0.68
FY2022 21.3% (1.14)
FY2021 22.4% 2.08
FY2020 20.3% 0.51
FY2019 19.8% 1.37
FY2018 18.4% 3.21
FY2017 15.2% —

Quarterly newest first

Period Gross margin Change (points)
Sep 2026 24.5% (0.94)
Jun 2026 25.5% 0.19
Mar 2026 25.3% 1.14
Dec 2025 24.2% 0.91
28 more quarters

Against its own ten years

Low 15.2% High 23.6%
Ten-year median 21.3%
Current reading's percentile 100

Gross margin against peers

Company Gross margin
CI Cigna Group compare 88.4%
PGNY Progyny, Inc. 24.9%
OSCR Oscar Health, Inc. compare 20.6%
CLOV Clover Health Investments, Corp. compare 18.9%
ELV Elevance Health, Inc. compare 15.5%
HUM Humana Inc. compare 13.0%
MOH Molina Healthcare, Inc compare 12.6%
ALHC Alignment Healthcare, Inc. compare 11.9%
CNC Centene Corporation compare 7.78%
Healthcare Plans industry median 19.4%
Healthcare sector median 54.5%
Market median 46.0%

What Gross margin is

Gross Margin tells an investor how much of each sale a company keeps after paying the direct costs of making or buying what it sells.

Gross Profit ÷ Revenue

The full definition of Gross margin →

More on PGNY