Stocktoria

Progyny, Inc. PGNY

Nasdaq · stock · Services-Misc Health & Allied Services, NEC · website · IPO 2019-10-25

Progyny, Inc. statistics & valuation

P / E38.2×
P / S1.7×
P / B4.3×
P / FCF11.6×
Net margin4.5%
FCF margin14.9%
Return on capital15.8%
Graham number -63.9%$9.16

Market cap as of 2026-06-29. Multiples are price-derived and refreshed daily; everything else from the latest financial reports. The Graham number is Benjamin Graham's rough maximum fair value ($9.16); a green figure means the price is below it.

Profitability & efficiency

Net margin (%)
0.60% -3.70% 13.50% 13.10% 3.90% 5.70% 4.70% 4.50% 20182019202020212022202320242025
Gross margin (%)
18.40% 19.80% 20.30% 22.40% 21.30% 21.90% 21.70% 23.60% 20182019202020212022202320242025
Operating margin (%)
-3.30% 4.20% 2.40% 6.50% 3.00% 5.70% 5.80% 6.60% 20182019202020212022202320242025
Return on equity (%)
-7.50% 27.80% 26.10% 8.10% 11.20% 12.90% 11.30% 20182019202020212022202320242025
Shares outstanding
5.5M 84.2M 99.1M 100.4M 100.0M 100.7M 95.4M 89.9M 20182019202020212022202320242025
Net debt ($)
20182019202020212022202320242025
Share buybacks ($)
20182019202020212022202320242025
Return on assets (%)
1.60% -5.70% 18.30% 18.40% 5.60% 8.20% 9.00% 7.90% 20182019202020212022202320242025
Free cash flow margin (%)
1.60% -2.00% 10.20% 4.80% 9.80% 17.00% 14.90% 14.90% 20182019202020212022202320242025
Debt / equity (×)
20182019202020212022202320242025
EPS ($)
$0.04 -$0.41 $0.47 $0.66 $0.30 $0.62 $0.57 $0.65 20182019202020212022202320242025

Margins and returns computed from annual filings. Falling shares outstanding = buybacks; rising = dilution. Net debt = debt − cash (negative = net cash).

P / E vs its own history

Progyny, Inc. trades at about 39.1× earnings — below its 10-year norm (10-year range 36.7×–114.6×, median 61.4×).

36.7× 114.6×

Shaded band = 10-year range (36.7×–114.6×); dot = today's 39.1×.

Historical P/E = month-end price near each fiscal year-end ÷ that year's EPS. A read on whether the stock is cheap or dear relative to how it has typically been valued — not a forecast.

Key ratios (by fiscal year)

RatioFY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018
Gross margin23.6%21.7%21.9%21.3%22.4%20.3%19.8%18.4%
Operating margin6.6%5.8%5.7%3.0%6.5%2.4%4.2%-3.3%
Net margin4.5%4.7%5.7%3.9%13.1%13.5%-3.7%0.6%
FCF margin14.9%14.9%17.0%9.8%4.8%10.2%-2.0%1.6%
Return on assets7.9%9.0%8.2%5.6%18.4%18.3%-5.7%1.6%
Return on equity11.3%12.9%11.2%8.1%26.1%27.8%-7.5%-0.7%
Current ratio2.732.803.442.722.622.453.660.81

Computed from company filings · US · as of 2025-12-31. Facts plus Stocktoria's own computed scores — not investment advice.