Progyny (PGNY) Gross Margin (2018 - 2026)
Progyny's (PGNY) quarterly Gross Margin came in at 25.48% in Q2 2026, up 175.0% year-over-year from 9.26% in Q2 2025, and up 0.75% quarter-over-quarter from 25.29% in Q1 2026.
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Progyny (PGNY) Gross Margin (2018 - 2026) Analysis & Trends
Progyny (PGNY) has reported Gross Margin for 9 consecutive years, with 25.48% the latest figure, recorded in Q2 2026.
- On a quarterly basis, Gross Margin rose 175.0% year-over-year to 25.48% in Q2 2026; TTM through Jun 2026 was 24.57%, a 223.0% increase from a year earlier, with the FY2025 full-year figure at 23.63%, up 192.0% from the prior year.
- Gross Margin was 25.48% for Q2 2026 at Progyny, up from 25.29% in the prior quarter.
- Over five years, Gross Margin peaked at 25.48% in Q2 2026 and troughed at 19.13% in Q1 2022.
- A 5-year average of 22.48% and a median of 22.45% in 2024 frame the typical range for Gross Margin.
- Across the five-year window, Gross Margin slumped 454 bps in 2022 and soared 356 bps in 2023, its largest moves.
- Over 5 years, Gross Margin stood at 20.76% in 2022, then gained by 2 bps to 21.08% in 2023, then gained by 1 bps to 21.26% in 2024, then increased by 14 bps to 24.15% in 2025, then gained by 6 bps to 25.48% in 2026.
- The last three Gross Margin figures came in at 25.48% (Q2 2026), 25.29% (Q1 2026), and 24.15% (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Davita | 11.74 Bn | 11.05 Bn | 1.16 Bn | 32.70% |
| 2 | RadNet | 5.78 Bn | 5.06 Bn | 88.08 Mn | 14.14% |
| 3 | Fresenius Medical Care AG | 4.79 Bn | 4.09 Bn | 1.52 Bn | 26.95% |
| 4 | Concentra Group Holdings Parent | 4.28 Bn | 4.12 Bn | 192.10 Mn | 31.70% |
| 5 | Privia Health | 2.57 Bn | 2.16 Bn | - | - |
| 6 | Progyny | 2.12 Bn | 1.88 Bn | 89.30 Mn | 25.48% |
| 7 | Pediatrix Medical | 2.12 Bn | 1.71 Bn | - | - |
| 8 | Surgery Partners | 1.82 Bn | 1.60 Bn | 622.10 Mn | 73.28% |
| 9 | U S Physical Therapy | 1.17 Bn | 1.15 Bn | 41.94 Mn | 19.59% |
| 10 | Evolent Health | 468.74 Mn | 327.27 Mn | 80.84 Mn | 12.39% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 25.48% |
| 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% |