PGNYProgyny, Inc.

$34.84+87% 1Y
Latest close: a new 52-week highNov 6, 2026what changed →

The business

How PGNY's business earns

Progyny, Inc. earns 45% on the capital it employs against an estimated 9.0% cost of capital.

45%

Return on invested capital · cost of capital 9.0% · 36 points above the estimated cost of capital

Operating margin
9.4%

Operating margin · Healthcare Plans median 2.7% · 12 months to Sep 30, 2026

Cash conversion
2.39×

Cash conversion · 4.08× a year ago · operating cash flow divided by operating profit after tax

Share count, year on year
−10%

Share count, year on year · fewer shares than a year ago

Operating margin by fiscal year
Operating margin by fiscal year
YearOperating margin
FY20202.4%
FY20216.5%
FY20223.0%
FY20235.7%
FY20245.8%
FY20256.6%
Details›
Gross margin12 months to Sep 30, 2026
25%
Operating margin12 months to Sep 30, 2026
9.4%
Net margin12 months to Sep 30, 2026
6.8%
Free cash flow margin
13%
R&D as % of revenue
0.92%
Revenue, trailing twelve months
$1.34B
Free cash flow, trailing twelve months
$180M
Net income, trailing twelve months
$91M
Return on invested capitaloperating profit after tax ÷ debt + equity − cash
45%

Margins, capital and share counts from the statements as filed with the SEC; cash conversion is operating cash flow over operating profit after tax.

Progyny (PGNY) Margins and Return on Capital · Ryufin