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) Operating margin

Alert me on Operating margin

Progyny, Inc.'s operating margin over the twelve months to 30 September 2026 was 9.40%, up 2.8 percentage points from fiscal 2025 (6.62%). Over the past ten years it has ranged from −22.7% (fiscal 2017) to 6.62% (fiscal 2025) — the current reading is the highest in ten years. That is above the Healthcare Plans industry median of 2.48% and above the Healthcare sector median of 0.00%.

Operating margin, annual

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Annual newest first

Period Operating margin Change (points)
FY2025 6.62% 0.84
FY2024 5.78% 0.07
FY2023 5.71% 2.74
FY2022 2.97% (3.49)
FY2021 6.46% 4.04
FY2020 2.42% (1.79)
FY2019 4.21% 7.49
FY2018 −3.28% 19.37
FY2017 −22.7% —

Quarterly newest first

Period Operating margin Change (points)
Sep 2026 10.3% (1.10)
Jun 2026 11.4% 0.64
Mar 2026 10.8% 5.99
Dec 2025 4.78% (2.09)
28 more quarters

Against its own ten years

Low −22.7% High 6.62%
Ten-year median 4.21%
Current reading's percentile 100

Operating margin against peers

Company Operating margin
PGNY Progyny, Inc. 9.40%
OSCR Oscar Health, Inc. compare 5.36%
ELV Elevance Health, Inc. compare 3.81%
CI Cigna Group compare 3.41%
HUM Humana Inc. compare 1.54%
ALHC Alignment Healthcare, Inc. compare 0.88%
CNC Centene Corporation compare 0.49%
CLOV Clover Health Investments, Corp. compare 0.45%
MOH Molina Healthcare, Inc compare 0.39%
Healthcare Plans industry median 2.48%
Healthcare sector median 0.00%
Market median 0.00%

What Operating margin is

EBIT Margin tells an investor how much operating profit, before interest and taxes, a company keeps from each unit of revenue.

EBIT ÷ Revenue

The full definition of Operating margin →

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