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Progyny PGNY Operating margin

Operating margin at other companies

CVS Health logo
CVS HealthCVS
1.5%-1.1pp
UnitedHealth Group logo
UnitedHealth GroupUNH
4.2%-4.0pp
Natera, Inc. logo
Natera, Inc.NTRA
-13%+0.6pp
Pediatrix Medical Group logo
Pediatrix Medical GroupMD
11.3%
BillionToOne, Inc.
 logo
BillionToOne, Inc. BLLN
-96.9%
Privia Health Group, Inc. logo
Privia Health Group, Inc.PRVA
1.6%+0.4pp

Other financials

Income statement

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Revenue$328.5M+1.4%
Gross profit$83.1M+9.6%
Operating income$35.4M+46.4%
Net income$24.2M+60.9%
EPS (diluted)$0.29+70.6%

Balance sheet

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Cash & equivalents$131.6M+20.5%
Total debt$27.3M-5.6%
Total equity$439.3M-6.0%
Total assets$698.3M-4.4%

Cash flow

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Operating cash flow$45.9M-7.7%
CapEx$6.3M+123%
Free cash flow$39.6M-15.7%

Valuation

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Market cap$2.09B-27.1%
Enterprise value$1.98B-29.6%
P/E30.8×-23.7×
P/S1.6×-0.7×

Profitability

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Gross margin24.1%+2.1pp
Net margin5.2%+0.9pp
FCF margin14.3%-1.9pp

Returns & leverage

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Return on equity14.9%+4.8pp
Debt / equity0.1×0.0×
Current ratio2.1×-0.3×

Where this comes from

Calculated from Progyny’s reported figures.

Based on trailing twelve months.

The official record: Progyny’s 10-Q, filed May 8, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Progyny's operating margin?
Progyny (PGNY) reported operating margin of 7.5% in Q1 2026.
How has Progyny's operating margin changed year-over-year?
Progyny's operating margin increased by 23.8% year-over-year, from 6% to 7.5%.
What is the long-term trend for Progyny's operating margin?
Over 5 years (2020 to 2025), Progyny's operating margin has grown at a 22.3% compound annual growth rate (CAGR), from 2.4% to 6.6%.
What does operating margin mean?
Operating income as a percentage of revenue (trailing twelve months). Captures profitability from core operations after both cost of revenue and operating expenses, but before interest and taxes.