Progyny, Inc. (PGNY) vs UnitedHealth Group Incorporated (UNH)

Progyny, Inc. and UnitedHealth Group Incorporated are both Healthcare Plans companies. UnitedHealth Group Incorporated is the larger, with a market value of $354.6B against $2.6B — 134.3× the size. UnitedHealth Group Incorporated trades at the lower P/E: 22.5× against 30.1×. Progyny, Inc. grew revenue faster over the last twelve months: 5.52% against 3.33%. Progyny, Inc. has the higher net margin (6.80% vs 3.53%) and the higher return on invested capital (36.0% vs 10.4%). Across the 22 metrics below, Progyny, Inc. leads on 16 and UnitedHealth Group Incorporated on 6.

Valuation

Metric PGNY UNH Healthcare Plans median
P/E 30.14 22.50 22.50
P/S 1.98 0.79 0.40
P/B 6.41 3.39 2.77
Price to free cash flow 14.76 15.48 14.76
EV/EBITDA 20.88 13.96 12.61
EV/Sales 1.84 0.88 0.36
Earnings yield 3.32% 4.45% 3.79%
Free cash flow yield 6.77% 6.46% 6.62%

Profitability

Metric PGNY UNH Healthcare Plans median
Gross margin 24.87% 19.84% 19.35%
Operating margin 9.40% 5.32% 2.48%
Net margin 6.80% 3.53% 1.45%
Free cash flow margin 13.42% 5.08% 3.26%
Return on equity 18.69% 15.44% 13.58%
Return on assets 12.38% 5.06% 3.11%
Return on invested capital 35.99% 10.36% 5.93%

Growth

Metric PGNY UNH Healthcare Plans median
Revenue growth (TTM) 5.52% 3.33% 6.77%
EPS growth (last fiscal year) 14.04% (14.70%) (8.27%)
Revenue growth, 5-year CAGR 30.17% 11.72% 11.88%
Net income growth, 5-year CAGR 4.72% (4.78%) 0.00%

Health

Metric PGNY UNH Healthcare Plans median
Debt to equity 0.00 0.66 0.67
Current ratio 1.93 0.74 1.32
Net debt to EBITDA (3.44) 1.89 0.05

Dividend

Metric PGNY UNH Healthcare Plans median
Dividend yield — 2.30% 2.11%
Payout ratio — 0.52 0.31

Size

Metric PGNY UNH Healthcare Plans median
Market cap 2.64b 354.57b 24.02b

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