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PGNY

STRONG BUYFLAG

Progyny, Inc. · Healthcare · United States · $2.4B · Avg Vol: $40M/d

97
StockRank
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Q
78
V
41
M
87
P/E (TTM)
41.3x
ROE
14.9%
D/E
0.1x
Dividend %
AI CONVICTION THESIS

Progyny administers employer-sponsored fertility benefits with a good quality score (Q77), strong momentum and a small upward consensus revision, but it has demonstrated severe client-concentration risk when a single large employer client departed and materially reset revenue expectations. The value score is stretched (V42). No fraud or distress event is known, so this is a flag rather than a removal.

COMPANY DESCRIPTION

Progyny, Inc. is a leading fertility and family building benefits management company, providing comprehensive and inclusive fertility solutions to large self-insured employers. The company's unique 'Smart Cycle' model and high success rates offer a differentiated value proposition, driving strong employer adoption and member satisfaction. This innovative approach and clinical expertise create a significant competitive moat in the niche but growing market for fertility benefits.

FINANCIAL SUMMARY (USD)

Year2022202320242025CAGRTTM2026E2027EFwd CAGR
Revenue786.9M1.1B1.2B1.3B17.9%1.3B1.4B1.5B8.1%
EPS0.330.650.590.6827.3%0.770.740.819.1%
Shares93.3M96.3M85.3M83.4M-10.6%78.3M
Debt7.7M19.4M19.3M27.7M53.2%27.3M
Equity377.0M553.4M422.1M516.0M11.0%
Op CF80.4M188.8M179.1M210.2M37.8%206.3M
Inv CF-43.9M-200.5M195.8M-159.0M
Fin CF-7.9M-11.1M-309.9M-99.4M
Loading 1Y...
PRICE (1Y)+21.6%
25.6527.3329.0130.6832.36Jun 11Jul 6Jul 24
SMA 50SMA 200
Close
$31.19
RSI (14)
52.2
52W High
$33.06
From 52W High
0.9%

SCORE BREAKDOWN

Quality
78
ROIC
15.8%86.9
ROE
14.9%83.1
GP/Assets
42.0%82.2
Op. Margin
10.8%68.6
FCF/Assets
27.0%97.8
Piotroski
550.0
Int. Cover
50.0x88.8
D/E Ratio
0.06x69.3
Current Ratio
2.13x40.2
Value
41
P/E (TTM)
41.3x26.1
EV/EBITDA
20.9x28.8
P/FCF
12.2x77.1
P/B
5.6x23.8
P/S
1.9x69.0
Div Yield
N/A
Momentum
87
52W High %
94%93.0
RS 6M
17%85.9
SMA 50/200
1.20x89.1
EPS Rev 4W
+1.9%87.2
EPS Rev 12W
+7.0%82.3
EPS Improve
+192%87.5
Q Growth
61%78.6

FUNDAMENTALS

Market Cap
$2.4B
P/E (Forward)
14.1x
Gross Margin
24.1%

SECTOR PEERS

Closest peers in Healthcare, ranked by industry match, size, and score similarity. Cross-listings of PGNY are excluded.

TickerCompanyMkt CapStockRankSignal
PGNYProgyny, Inc.(you)$2.4B97STRONG BUY
CLOVClover Health Investments, Corp.$2.3B73BUY
OSCROscar Health, Inc.$8.5B88STRONG BUY
MOHMolina Healthcare, Inc.$10.3B77BUY
ALHCAlignment Healthcare, Inc.$4.0B53HOLD
CNCCentene Corporation$31.3B92STRONG BUY
HUM.MXHumana Inc.$24.1B83STRONG BUY
CIThe Cigna Group$76.6B97STRONG BUY
ELVElevance Health, Inc.$81.9B94STRONG BUY
CVS.DECVS Health Corporation$134.2B93STRONG BUY

Peer medians: ROE -25.6% · P/E 27.6x · Gross margin 50.7%

Progyny, Inc. (PGNY) — Stock Score Summary

Progyny, Inc. (PGNY) has a MoatMap StockRank of 97/100 based on Quality (78/100), Value (41/100), and Momentum (87/100) factor scores. The current signal is STRONG BUY. Progyny administers employer-sponsored fertility benefits with a good quality score (Q77), strong momentum and a small upward consensus revision, but it has demonstrated severe client-concentration risk when a single large employer client departed and materially reset revenue expectations. The value score is stretched (V42). No fraud or distress event is known, so this is a flag rather than a removal.

Progyny, Inc. is a leading fertility and family building benefits management company, providing comprehensive and inclusive fertility solutions to large self-insured employers. The company's unique 'Smart Cycle' model and high success rates offer a differentiated value proposition, driving strong employer adoption and member satisfaction. This innovative approach and clinical expertise create a significant competitive moat in the niche but growing market for fertility benefits.

Key Financial Metrics

Price$31.19
Market Cap$2.4B
P/E (TTM)41.26
P/E (Forward)14.13
Price/Book5.62
Return on Equity14.9%
Return on Invested Capital15.8%
Debt/Equity0.06x
Gross Margin24.1%
Operating Margin10.8%
Revenue Growth1.4%
Free Cash Flow$200M

Progyny, Inc. operates in the Healthcare Plans industry, part of the Healthcare sector (United States).

Frequently Asked Questions

What is Progyny, Inc.’s (PGNY) StockRank?
MoatMap’s StockRank for Progyny, Inc. (PGNY) is 97/100, with a Strong Buy signal. It is a composite of Quality (78), Value (41), and Momentum (87) factor ranks across MoatMap’s 20,000+ stock universe.
Does Progyny, Inc. have an economic moat?
Progyny, Inc. (PGNY) has a Quality factor score of 78/100. The Quality factor combines ROIC, Piotroski F-Score, and leverage — the financial fingerprints of a durable competitive advantage. A Quality score above 70 typically indicates a company with the characteristics of a moated business.
Is Progyny, Inc. a buy, hold, or sell?
MoatMap’s current signal for Progyny, Inc. (PGNY) is Strong Buy, based on a StockRank of 97/100. Signals are derived mechanically from the StockRank composite and should be one input among many — combine with your own thesis on management, competitive position, and valuation.
What sector is Progyny, Inc. in?
Progyny, Inc. (PGNY) operates in the Healthcare sector, specifically the Healthcare Plans industry (United States).