Progyny (PGNY) Gross Margin (2018 - 2026)
Progyny (PGNY) reported Gross Margin of 25.29% for Q1 2026, up 190.0% year-over-year from 8.72% in Q1 2025, and up 4.73% quarter-over-quarter from 24.15% in Q4 2025.
Progyny (PGNY) Gross Margin (2018 - 2026) Analysis & Trends
Progyny (PGNY) has 9 years of Gross Margin data on file, last reported at 25.29% in Q1 2026.
- Gross Margin for Q1 2026 came in at 25.29%, up 190.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 24.11% (up 212.0% YoY), and the FY2025 annual result was 23.63%, up 192.0% from the prior year.
- Gross Margin advanced to 25.29% in Q1 2026 per PGNY's latest filing, from 24.15% in the prior quarter.
- Over five years, Gross Margin peaked at 25.29% in Q1 2026 and troughed at 19.13% in Q1 2022.
- A 5-year average of 22.3% and a median of 22.44% in 2024 frame the typical range for Gross Margin.
- The sharpest annual moves came in 2022 and 2023: Gross Margin sank 454 bps in 2022, then jumped 356 bps in 2023.
- A 5-year view of Gross Margin shows it stood at 20.76% in 2022, then advanced by 2 bps to 21.08% in 2023, then advanced by 1 bps to 21.26% in 2024, then rose by 14 bps to 24.15% in 2025, then climbed by 5 bps to 25.29% in 2026.
- Business Quant data shows PGNY's Gross Margin at 25.29% in Q1 2026, 24.15% in Q4 2025, and 23.24% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Unitedhealth | 363.95 Bn | 334.15 Bn | 98.90 Bn | 88.52% |
| 2 | Cvs Health | 124.98 Bn | 113.36 Bn | 4.43 Bn | 13.12% |
| 3 | Elevance Health | 85.46 Bn | 50.04 Bn | 13.88 Bn | 28.04% |
| 4 | Cigna | 73.39 Bn | 65.77 Bn | -44.29 Bn | -451.37% |
| 5 | Humana | 43.40 Bn | 21.50 Bn | 4.00 Bn | 10.61% |
| 6 | Centene | 30.02 Bn | 6.36 Bn | 49.24 Bn | 98.59% |
| 7 | Molina Healthcare | 9.92 Bn | 668.90 Mn | 1.53 Bn | 14.13% |
| 8 | Oscar Health | 8.44 Bn | 1.64 Bn | -3.22 Bn | -56,385.78% |
| 9 | Alignment Healthcare | 4.50 Bn | 3.77 Bn | 135.85 Mn | 11.08% |
| 10 | Progyny | 2.10 Bn | 1.88 Bn | 83.07 Mn | 25.29% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 25.29% |
| Dec 31, 2025 | 24.15% |
| Sep 30, 2025 | 23.24% |
| Jun 30, 2025 | 23.72% |
| Mar 31, 2025 | 23.39% |
| Dec 31, 2024 | 21.26% |
| Sep 30, 2024 | 20.67% |
| Jun 30, 2024 | 22.45% |
| Mar 31, 2024 | 22.44% |
| Dec 31, 2023 | 21.08% |
| Sep 30, 2023 | 22.29% |
| Jun 30, 2023 | 21.71% |
| Mar 31, 2023 | 22.69% |
| Dec 31, 2022 | 20.76% |
| Sep 30, 2022 | 22.40% |
| Jun 30, 2022 | 22.51% |
| Mar 31, 2022 | 19.13% |
| Dec 31, 2021 | 19.69% |
| Sep 30, 2021 | 23.30% |
| Jun 30, 2021 | 23.02% |