CVS Health Corporation (CVS) vs Progyny, Inc. (PGNY)

CVS Health Corporation and Progyny, Inc. are both Healthcare Plans companies. CVS Health Corporation is the larger, with a market value of $104.0B against $2.6B — 39.4× the size. CVS Health Corporation trades at the lower P/E: 9.6× against 30.1×. CVS Health Corporation grew revenue faster over the last twelve months: 6.73% against 5.52%. Progyny, Inc. has the higher net margin (6.80% vs 2.62%) and the higher return on invested capital (36.0% vs 7.44%). Across the 22 metrics below, Progyny, Inc. leads on 12 and CVS Health Corporation on 10.

Valuation

Metric CVS PGNY Healthcare Plans median
P/E 9.64 30.14 22.50
P/S 0.25 1.98 0.40
P/B 1.33 6.41 2.77
Price to free cash flow 6.87 14.76 14.76
EV/EBITDA 7.80 20.88 12.61
EV/Sales 0.36 1.84 0.36
Earnings yield 10.37% 3.32% 3.79%
Free cash flow yield 14.55% 6.77% 6.62%

Profitability

Metric CVS PGNY Healthcare Plans median
Gross margin 44.24% 24.87% 19.35%
Operating margin 3.58% 9.40% 2.48%
Net margin 2.62% 6.80% 1.45%
Free cash flow margin 3.70% 13.42% 3.26%
Return on equity 14.35% 18.69% 13.58%
Return on assets 4.30% 12.38% 3.11%
Return on invested capital 7.44% 35.99% 5.93%

Growth

Metric CVS PGNY Healthcare Plans median
Revenue growth (TTM) 6.73% 5.52% 6.77%
EPS growth (last fiscal year) (62.02%) 14.04% (8.27%)
Revenue growth, 5-year CAGR 8.39% 30.17% 11.88%
Net income growth, 5-year CAGR (24.44%) 4.72% 0.00%

Health

Metric CVS PGNY Healthcare Plans median
Debt to equity 0.75 0.00 0.67
Current ratio 0.85 1.93 1.32
Net debt to EBITDA 3.60 (3.44) 0.05

Dividend

Metric CVS PGNY Healthcare Plans median
Dividend yield 3.19% — 2.11%
Payout ratio 0.31 — 0.31

Size

Metric CVS PGNY Healthcare Plans median
Market cap 104.02b 2.64b 24.02b

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