Progyny, Inc. PGNY

Competitive advantage analysis · healthcare

Corporate Default
Overall moat score
71/100
Moderate

About Progyny, Inc.

Progyny, Inc., a benefits management company, provides fertility, family building, and women's health benefits solutions in the United States. The company offers fertility benefits solutions, such as differentiated benefits plan design that includes smart cycle treatment bundle; personalized concierge-style member support services; and a selective network of fertility specialists. It also offers Progyny Rx, an integrated pharmacy benefits solution that … Full PGNY analysis →

Competitive advantage assessment

Key strengths

  • ROIC Sustainably Above Peers ROIC at 81.0th percentile exceeds peers and WACC, demonstrating superior capital allocation.
  • Strong Interest Coverage & Conservative Leverage Debt serviceability is strong (score 0.89), with robust interest coverage.

The dashed ring is the peer median. Defense scores are percentile ranks against peers, so 50 is roughly the typical company in this group.

Upgrade to unlock the signals and evidence behind each defense.

Premium access

Unlock full defense analysis

Get key signals, strengths, and risks for every moat dimension.

Upgrade to Premium Unlock all moat defenses and evidence.

Pricing Power

Moderate
67

Where PGNY ranks in Health Information Services

Progyny, Inc. ranks #11 of 68 scored companies in Health Information Services by moat score — the top 16%. The widest moat in the group is Veeva Systems Inc. (VEEV) at 88/100.

Moat scores for companies ranked near PGNY in Health Information Services
# Company Moat score Rating
7 GoodRx Holdings, Inc. GDRX 74/100 Moderate
8 National Research Corporation NRC 73/100 Moderate
9 Solventum Corporation SOLV 72/100 Moderate
10 GE HealthCare Technologies Inc. GEHC 72/100 Moderate
11 Progyny, Inc. PGNY 71/100 Moderate
12 CareCloud, Inc. - 8.75% Series CCLDP 71/100 Moderate
13 OptimizeRx Corporation OPRX 70/100 Moderate
14 CareCloud, Inc. - 8.75% Series CCLDO 70/100 Moderate
15 CareCloud, Inc. CCLD 69/100 Moderate

See every General Corporate company ranked by moat score →

How PGNY scores on the Corporate Default defenses

Pricing Power

Score 67 · 20% of the moat score

Pricing power is the ability to raise prices without losing volume.

Cost Advantage

Score 85 · 15% of the moat score

A cost advantage means delivering the same product for structurally less — better purchasing, denser distribution, a more automated process.

Customer Stickiness

Score 63 · 15% of the moat score

Stickiness is what makes revenue repeat without being re-won every year.

Capital Efficiency

Score 80 · 18% of the moat score

Capital efficiency asks what the company earns on the money tied up in the business.

Resilience

Score 81 · 17% of the moat score

Resilience is the capacity to get through a bad year on its own terms — enough liquidity, enough interest cover, and enough cash generation to avoid a rescue financing or a forced sale.

Scale & Market Position

Score 51 · 15% of the moat score

Scale matters only when it converts into economics.

How each Corporate Default defense is measured, in full →

Understanding PGNY's moat

What is Progyny, Inc.'s moat score?

Progyny, Inc. (PGNY) scores 71 out of 100 on the StatsAlpha Moat Map, which rates its competitive advantage as moderate. It ranks #11 of 68 scored companies in Health Information Services, the top 16%. The score is a weighted composite of 6 competitive defenses, each measured against industry peers of 67 companies in Health Information Services. Its strongest defense is Cost Advantage (85/100) and its weakest is Scale & Market Position (51/100).

How does Progyny, Inc. compare with other Health Information Services companies?

Progyny, Inc. ranks #11 of 68 scored companies in Health Information Services by moat score. The widest moat in Health Information Services is Veeva Systems Inc. (VEEV) at 88/100. The companies ranked closest are GE HealthCare Technologies Inc. (GEHC) at 72 just above it and CareCloud, Inc. - 8.75% Series (CCLDP) at 71 just below it.

How is the moat score calculated?

Each company is scored with an industry-specific template — Corporate Default in this case, chosen because the defenses that matter to a bank are not the ones that matter to a software company. Every defense combines several financial signals, and each signal is measured as a percentile against a peer group of 67 companies in Health Information Services. The defenses are then weighted to produce the overall score out of 100.

Why is Progyny, Inc. scored with the Corporate Default template?

Most public companies sell a product or a service at a margin, so the moat question is whether that margin survives contact with competitors. The Corporate template scores the six defenses that show up in a general operating company's financial signature: whether it can hold price, produce more cheaply than rivals, keep its customers, earn a return above its cost of capital, withstand a downturn, and turn size into economics.

Which competitive defenses are measured for Progyny, Inc.?

The Corporate Default template measures 6 defenses, and PGNY scores: Pricing Power (67), Cost Advantage (85), Customer Stickiness (63), Capital Efficiency (80), Resilience (81), Scale & Market Position (51). Each is scored independently as a percentile against peers, so a company can be strong on one and weak on another — the overall score reflects how those defenses are weighted for this industry.

Send Feedback
Please select a category.
0/1000