Progyny, Inc. Financial Ratios — PGNY Stock

Profitability (USD)

	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Return on Common Equity (%)	- -	- -	- -	- -	- -	- -	105.22	46.38	33.71
Return on Assets (%)	- -	1.73	-8.94	22.98	21.49	6.74	9.55	7.97	8.67
Return on Capital (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -
Return on Invested Capital (%)	- -	- -	- -	- -	- -	- -	12.37	9.67	11.98
Gross Margin (%)	15.23	18.44	19.81	20.32	22.4	21.26	21.94	21.71	23.63
EBITDA Margin (%)	-19.44	-1.49	5.14	2.97	6.72	3.17	5.92	6.05	7
Operating Margin (%)	-22.65	-3.28	4.21	2.42	6.46	2.97	5.71	5.78	6.62
Incremental Operating Margin (%)	- -	- -	10.56	-1.15	15.4	-3.14	12.88	6.7	14.68
Pretax Margin (%)	-25.64	-6.54	-3.73	2.52	6.48	3.11	6.49	7.13	7.41
Profit Margin (%)	-25.63	0.63	-3.73	13.47	13.14	3.86	5.7	4.66	4.54
Net Income to Common Margin (%)	-25.63	0.22	-3.73	13.47	13.14	3.86	5.7	4.66	4.54
Effective Tax Rate (%)	- -	- -	- -	- -	- -	- -	12.24	34.69	38.68
Dvd Payout Ratio (%)	- -	7.67	- -	- -	- -	- -	- -	- -	- -
Sustainable Growth Rate (%)	- -	- -	- -	- -	- -	- -	105.22	46.38	33.71

Credit (USD)

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	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Total Debt	5	- -	- -	10	9	8	19	19	28
ST Debt	4	- -	- -	1	1	1	2	3	4
LT Debt	2	- -	- -	8	7	6	17	16	24
Total Debt/EBITDA	-0.55	-0.16	- -	0.93	0.26	0.31	0.3	0.27	0.31
Net Debt/EBITDA	-0.05	-0.08	-6.81	-6.86	-2.72	-4.81	-1.51	-2.3	-1.24
Total Debt/EBIT	-0.47	-0.07	- -	1.14	0.27	0.33	0.31	0.29	0.33
Net Debt/EBIT	-0.05	-0.04	-8.31	-8.42	-2.83	-5.14	-1.56	-2.41	-1.32
EBITDA to Interest Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -
EBITDA-CapEx/Interest Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -
EBIT to Interest Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -
Interest Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -
Common Equity/Total Assets	-299.06	-253.73	-75.43	-26.85	-0.67	5.15	11.89	23.77	27.32
Long-Term Debt/Equity (%)	15.27	- -	- -	4.98	2.95	1.72	3.12	3.89	4.65
Long-Term Debt/Capital (%)	18.24	- -	- -	-14.19	118.99	18.18	15.76	10.03	10.41
Long-Term Debt/Total Assets (%)	4.67	- -	- -	3.28	2.07	1.19	2.28	2.7	3.23
Total Debt/Equity (%)	48.53	2.27	- -	5.72	3.43	2.05	3.5	4.57	5.37
Total Debt/Capital (%)	58	15.46	- -	-16.29	138.73	21.63	17.73	11.78	12.03
Total Debt/Total Assets (%)	14.84	0.61	- -	3.76	2.42	1.42	2.56	3.17	3.73
Net Debt to Equity	4.65	1.13	-70.34	-42.11	-36.3	-31.85	-17.58	-38.46	-21.75
Net Debt/Capital (%)	11.68	8.34	41.46	54.53	107.32	142.24	-805.83	-12,740.5	-94.86
EBITDA	-9	-2	12	10	34	25	64	71	90
EBITDA-CapEx	-10	-2	9	9	32	22	61	65	72
Operating Income (Loss)	-11	-3	10	8	32	23	62	67	85

Liquidity (USD)

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	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Cash Ratio	0.26	- -	2.22	1.41	1.21	1.19	2	1.35	1.53
Current Ratio	0.94	0.81	3.66	2.45	2.62	2.72	3.44	2.8	2.73
Quick Ratio	0.9	0.78	3.52	2.38	2.57	2.69	3.3	2.75	2.62
CFO/Avg Current Liab	- -	0.09	-0.05	0.64	0.29	0.62	1.09	1.01	1.13
Common Equity/Total Assets	-299.06	-253.73	-75.43	-26.85	-0.67	5.15	11.89	23.77	27.32
Long-Term Debt/Equity (%)	15.27	- -	- -	4.98	2.95	1.72	3.12	3.89	4.65
Long-Term Debt/Capital (%)	18.24	- -	- -	-14.19	118.99	18.18	15.76	10.03	10.41
Long-Term Debt/Total Assets (%)	4.67	- -	- -	3.28	2.07	1.19	2.28	2.7	3.23
Total Debt/Equity (%)	48.53	2.27	- -	5.72	3.43	2.05	3.5	4.57	5.37
Total Debt/Capital (%)	58	15.46	- -	-16.29	138.73	21.63	17.73	11.78	12.03
Total Debt/Total Assets (%)	14.84	0.61	- -	3.76	2.42	1.42	2.56	3.17	3.73
CFO/Total Liabilities	-39.03	7.52	-4.24	41.62	24.51	48.43	92.92	96.79	92.84
CFO/CapEx	-15.48	3.92	-0.52	34.91	12.23	24.81	51.82	33.14	11.42
Altman's Z-Score	-7.63	-2.33	11.05	26.78	27.64	12.7	13.07	8.43	9

Working Capital (USD)

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	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Accounts Receivable Turnover	- -	6.08	6.53	5.62	4.76	4.2	4.52	4.89	5.66
Days Sales Outstanding	- -	60.08	55.93	64.95	76.64	86.88	80.8	74.61	64.52
Inventory Turnover	- -	- -	- -	- -	- -	- -	- -	- -	- -
Days Inventory Outstanding	- -	- -	- -	- -	- -	- -	- -	- -	- -
Accounts Payable Turnover	- -	8.3	10.53	8.74	7.41	7.26	7.24	8.29	8.98
Accounts Payable Turnover Days	- -	43.96	34.65	41.77	49.29	50.28	50.41	44.04	40.64
Cash Conversion Cycle	- -	16.12	21.28	23.17	27.35	36.61	30.39	30.57	23.88
Inventory to Cash Days	- -	60.08	55.93	64.95	76.64	86.88	80.8	74.61	64.52
Inventories	- -	- -	- -	- -	- -	- -	- -	- -	- -
Raw Materials	- -	- -	- -	- -	- -	- -	- -	- -	- -
Work In Process	- -	- -	- -	- -	- -	- -	- -	- -	- -
Finished Goods	- -	- -	- -	- -	- -	- -	- -	- -	- -
Other Inventory	- -	- -	- -	- -	- -	- -	- -	- -	- -

Enterprise Value (USD)

API ChatGPT

	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Market Capitalization	- -	- -	569	3,634	4,486	2,872	3,533	1,578	2,200
- Cash & Cash Equivalents	5	- -	80	70	91	120	97	162	112
+ Preferred Equity and Hybrid Capital	108	106	- -	- -	- -	- -	- -	- -	- -
+ Minority/Non Controlling Interest	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Total Debt	5	- -	- -	10	9	8	19	19	28
Enterprise Value	109	106	489	3,534	4,376	2,690	3,181	1,369	1,917
Total Capital	9	2	-113	-59	6	36	109	164	231
Total Debt/Capital (%)	58	15.46	- -	-16.29	138.73	21.63	17.73	11.78	12.03
Total Debt / EV	0.05	- -	- -	- -	- -	- -	0.01	0.01	0.01
EV/Sales	2.24	1.01	2.13	10.25	8.74	3.42	2.92	1.17	1.49
EV/EBITDA	- -	- -	41.39	344.65	130.07	107.86	49.35	19.39	21.25
EV/EBIT	- -	- -	50.51	423.34	135.3	115.26	51.16	20.3	22.48
EV/Cash Flow to Firm	- -	46.81	- -	97.62	168.06	33.46	16.85	7.65	9.12
EV/Free Cash Flow to Firm	- -	37.31	343.74	94.9	155.35	32.17	16.53	7.42	8.39
Diluted Market Cap	- -	- -	569	4,199	5,053	3,114	3,743	1,646	2,308
Diluted Enterprise Value	109	106	489	4,138	4,970	3,001	3,665	1,503	2,223
EV per Share	1.54	1.51	23.57	41.23	49.11	29.18	33.48	14.97	22.38
TTM Sales	49	105	230	345	501	787	1,089	1,167	1,289
TTM EBITDA	-9	-2	12	10	34	25	64	71	90
TTM Operating Income	-11	-3	10	8	32	23	62	67	85
TTM Cash Flow to Firm	-9	2	-2	36	26	80	189	179	210
TTM Free Cash Flow to Firm	-9	3	1	37	28	84	192	185	229

Multiples (USD)

API ChatGPT

	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Price/Free Cash Flow	- -	- -	400.27	112.75	179.4	37.23	19.45	8.92	10.09
EV/EBIT	- -	- -	50.51	423.34	135.3	115.26	51.16	20.3	22.48
Enterprise Value	109	106	489	3,534	4,376	2,690	3,181	1,369	1,917
Low Price	- -	- -	13.29	15.59	38.61	25.67	28.03	13.39	17.01
EV/Sales	2.24	1.01	2.13	10.25	8.74	3.42	2.92	1.17	1.49
EV/EBITDA	- -	- -	41.39	344.65	130.07	107.86	49.35	19.39	21.25
Price/Earnings	- -	- -	- -	78.21	68.22	94.6	56.95	29.04	37.59
Price/Earnings Average	- -	- -	-58.02	51.03	72.61	115.53	53.79	44.98	32.66
Price/Earnings High	- -	- -	-77.43	81.59	92.56	161.26	68.85	70.85	40.63
Price/Earnings Low	- -	- -	-32.16	28.77	52.31	77.96	42.93	22.54	24.9
Price/Book Value	- -	- -	-5.02	-53.29	-1,857.75	102.78	39.26	10.93	10.84
Price/Book Value Average	- -	- -	-4.38	-34.77	-1,977.5	125.52	37.08	16.94	9.42
Price/Book Value High	- -	- -	-5.85	-55.59	-2,520.78	175.2	47.47	26.67	11.72
Price/Book Value Low	- -	- -	-2.43	-19.6	-1,424.58	84.7	29.6	8.49	7.18
Price/Tangible Book Value	- -	- -	5.69	23.62	18.74	7.87	6.52	3.89	4.49
Price/Tangible Book Value Average	- -	- -	4.97	15.41	19.95	9.61	6.16	6.03	3.9
Price/Tangible Book Value High	- -	- -	6.63	24.64	25.44	13.41	7.89	9.5	4.85
Price/Tangible Book Value Low	- -	- -	2.76	8.69	14.37	6.48	4.92	3.02	2.97
Price/Sales	- -	- -	2.48	10.54	8.96	3.65	3.25	1.35	1.71
Price/Sales Average	- -	- -	2.16	6.87	9.54	4.46	3.07	2.09	1.48
Price/Sales High	- -	- -	2.89	10.99	12.16	6.22	3.92	3.3	1.85
Price/Sales Low	- -	- -	1.2	3.88	6.87	3.01	2.45	1.05	1.13
Price/Cash Flow	- -	- -	-371.04	100.37	172.31	35.72	18.71	8.81	10.46
Price/Cash Flow Average	- -	- -	-324.08	65.48	183.42	43.63	17.67	13.65	9.09
Price/Cash Flow High	- -	- -	-432.55	104.71	233.81	60.89	22.62	21.49	11.31
Price/Cash Flow Low	- -	- -	-179.64	36.91	132.13	29.44	14.11	6.84	6.93
Price/Free Cash Flow Average	- -	- -	349.61	73.56	190.97	45.47	18.37	13.82	8.77
Price/Free Cash Flow High	- -	- -	466.61	117.62	243.43	63.46	23.51	21.77	10.91
Price/Free Cash Flow Low	- -	- -	193.79	41.47	137.57	30.68	14.66	6.93	6.69
EV/Sales Average	2.24	1.01	1.81	6.7	9.37	4.31	2.99	1.97	1.42
EV/Sales High	2.24	1.01	2.54	10.82	11.99	6.08	3.85	3.18	1.78
EV/Sales Low	2.24	1.01	0.85	3.7	6.71	2.86	2.38	0.93	1.06
EV/EBITDA Average	-11.52	-67.79	35.29	225.27	139.5	136.11	50.55	32.58	20.25
EV/EBITDA High	-11.52	-67.79	49.38	363.75	178.5	191.77	65.05	52.48	25.42
EV/EBITDA Low	-11.52	-67.79	16.53	124.41	99.81	90.38	40.11	15.32	15.21
EV/EBIT Average	-9.89	-30.81	43.07	276.7	145.11	145.45	52.41	34.11	21.42
EV/EBIT High	-9.89	-30.81	60.26	446.8	185.68	204.93	67.43	54.95	26.89
EV/EBIT Low	-9.89	-30.81	20.17	152.81	103.82	96.58	41.58	16.04	16.09
Last Price	- -	- -	27.45	42.39	50.35	31.15	37.18	17.25	25.68
High Price	- -	- -	32	44.22	68.32	53.1	44.95	42.08	27.76
Enterprise Value Average	109	106	417	2,310	4,693	3,395	3,259	2,301	1,827
Enterprise Value High	109	106	583	3,730	6,005	4,783	4,193	3,707	2,293
Enterprise Value Low	109	106	195	1,276	3,358	2,254	2,586	1,082	1,372

Shares Outstanding	82	82	84	87	91	93	96	85	83
Diluted Weighted Avg Shares	82	82	21	99	100	100	101	95	90
Basic Weighted Avg Shares	71	71	21	86	89	92	95	91	86
Revenue per Share	0.69	1.49	11.08	4.02	5.62	8.54	11.46	12.76	15.05
EBITDA per Share	-0.13	-0.02	0.57	0.12	0.38	0.27	0.68	0.77	1.05
Operating Income per Share	-0.16	-0.05	0.47	0.1	0.36	0.25	0.65	0.74	1
Basic EPS, GAAP	-0.18	- -	-0.41	0.54	0.74	0.33	0.65	0.59	0.68
Basic EPS from Cont Ops	-0.18	-0.07	-0.41	0.54	0.74	0.33	0.65	0.59	0.68
Diluted EPS, GAAP	-0.15	- -	-0.41	0.47	0.66	0.3	0.62	0.57	0.65
Diluted EPS from Cont Ops	-0.15	-0.06	-0.41	0.47	0.66	0.3	0.62	0.57	0.65
Dividend per Share	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash Flow per Share	-0.13	0.03	-0.07	0.42	0.29	0.87	1.99	1.96	2.45
Free Cash Flow per Basic Share	-0.14	0.02	-0.22	0.41	0.27	0.84	1.95	1.9	2.24
Cash & Equivalents per Share	0.07	- -	3.88	1.28	1.34	2.05	3.91	2.49	3.62
Book Value per Share	-1.48	-1.49	-5.47	-0.8	-0.03	0.3	0.95	1.58	2.37
Tangible Book Value per Share	-1.63	-1.57	4.82	1.79	2.69	3.96	5.7	4.43	5.72

Progyny, Inc.

Profitability (USD)

Credit (USD)

Liquidity (USD)

Working Capital (USD)

Enterprise Value (USD)

Multiples (USD)

Per Share Data Items (USD)