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Side-by-side financial comparison of Progyny, Inc. (PGNY) and Revolve Group, Inc. (RVLV). Click either name above to swap in a different company.
Revolve Group, Inc. is the larger business by last-quarter revenue ($324.4M vs $318.4M, roughly 1.0× Progyny, Inc.). Revolve Group, Inc. runs the higher net margin — 5.7% vs 3.9%, a 1.8% gap on every dollar of revenue. On growth, Revolve Group, Inc. posted the faster year-over-year revenue change (10.4% vs 6.7%). Progyny, Inc. produced more free cash flow last quarter ($48.6M vs $-13.3M). Over the past eight quarters, Revolve Group, Inc.'s revenue compounded faster (9.5% CAGR vs 7.0%).
Progyny, Inc. is a leading fertility and family building benefits provider operating primarily in the United States. It partners with employers to offer benefits including in vitro fertilization, fertility preservation, adoption assistance, and surrogacy support, serving millions of members across diverse industry segments.
Revolve Theatre Company is a Henley-on-Thames based theatre company specialising in political and Shakespearean plays. The company is owned by Oliver Dench, Joe Morris and Tom Smith.
PGNY vs RVLV — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $318.4M | $324.4M |
| Net Profit | $12.5M | $18.6M |
| Gross Margin | 24.1% | 53.3% |
| Operating Margin | 4.8% | 6.3% |
| Net Margin | 3.9% | 5.7% |
| Revenue YoY | 6.7% | 10.4% |
| Net Profit YoY | 18.5% | 50.4% |
| EPS (diluted) | $0.14 | $0.27 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q4 25 | $318.4M | $324.4M | ||
| Q3 25 | $313.3M | $295.6M | ||
| Q2 25 | $332.9M | $309.0M | ||
| Q1 25 | $324.0M | $296.7M | ||
| Q4 24 | $298.4M | $293.7M | ||
| Q3 24 | $286.6M | $283.1M | ||
| Q2 24 | $304.1M | $282.5M | ||
| Q1 24 | $278.1M | $270.6M |
| Q4 25 | $12.5M | $18.6M | ||
| Q3 25 | $13.9M | $21.2M | ||
| Q2 25 | $17.1M | $10.2M | ||
| Q1 25 | $15.1M | $11.8M | ||
| Q4 24 | $10.5M | $12.3M | ||
| Q3 24 | $10.4M | $11.0M | ||
| Q2 24 | $16.5M | $15.4M | ||
| Q1 24 | $16.9M | $10.9M |
| Q4 25 | 24.1% | 53.3% | ||
| Q3 25 | 23.2% | 54.6% | ||
| Q2 25 | 23.7% | 54.1% | ||
| Q1 25 | 23.4% | 52.0% | ||
| Q4 24 | 21.3% | 52.5% | ||
| Q3 24 | 20.7% | 51.2% | ||
| Q2 24 | 22.5% | 54.0% | ||
| Q1 24 | 22.4% | 52.3% |
| Q4 25 | 4.8% | 6.3% | ||
| Q3 25 | 6.9% | 7.1% | ||
| Q2 25 | 7.3% | 5.8% | ||
| Q1 25 | 7.5% | 5.0% | ||
| Q4 24 | 5.3% | 3.9% | ||
| Q3 24 | 4.3% | 5.0% | ||
| Q2 24 | 6.8% | 5.8% | ||
| Q1 24 | 6.7% | 3.4% |
| Q4 25 | 3.9% | 5.7% | ||
| Q3 25 | 4.4% | 7.2% | ||
| Q2 25 | 5.1% | 3.3% | ||
| Q1 25 | 4.6% | 4.0% | ||
| Q4 24 | 3.5% | 4.2% | ||
| Q3 24 | 3.6% | 3.9% | ||
| Q2 24 | 5.4% | 5.4% | ||
| Q1 24 | 6.1% | 4.0% |
| Q4 25 | $0.14 | $0.27 | ||
| Q3 25 | $0.15 | $0.29 | ||
| Q2 25 | $0.19 | $0.14 | ||
| Q1 25 | $0.17 | $0.16 | ||
| Q4 24 | $0.12 | $0.18 | ||
| Q3 24 | $0.11 | $0.15 | ||
| Q2 24 | $0.17 | $0.21 | ||
| Q1 24 | $0.17 | $0.15 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $112.2M | $292.3M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $516.0M | $512.5M |
| Total Assets | $742.4M | $765.0M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $112.2M | $292.3M | ||
| Q3 25 | $134.0M | $315.4M | ||
| Q2 25 | $132.5M | $310.7M | ||
| Q1 25 | $109.2M | $300.8M | ||
| Q4 24 | $162.3M | $256.6M | ||
| Q3 24 | $91.5M | $252.8M | ||
| Q2 24 | $95.0M | $244.7M | ||
| Q1 24 | $115.0M | $273.4M |
| Q4 25 | $516.0M | $512.5M | ||
| Q3 25 | $560.0M | $490.2M | ||
| Q2 25 | $515.0M | $468.6M | ||
| Q1 25 | $467.2M | $453.4M | ||
| Q4 24 | $422.1M | $437.8M | ||
| Q3 24 | $434.9M | $420.8M | ||
| Q2 24 | $456.2M | $405.8M | ||
| Q1 24 | $571.6M | $389.9M |
| Q4 25 | $742.4M | $765.0M | ||
| Q3 25 | $795.2M | $751.3M | ||
| Q2 25 | $761.0M | $722.9M | ||
| Q1 25 | $730.3M | $713.9M | ||
| Q4 24 | $607.1M | $665.5M | ||
| Q3 24 | $660.0M | $670.9M | ||
| Q2 24 | $698.6M | $657.8M | ||
| Q1 24 | $794.3M | $650.0M |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $54.2M | $-10.2M |
| Free Cash FlowOCF − Capex | $48.6M | $-13.3M |
| FCF MarginFCF / Revenue | 15.3% | -4.1% |
| Capex IntensityCapex / Revenue | 1.8% | 1.0% |
| Cash ConversionOCF / Net Profit | 4.34× | -0.55× |
| TTM Free Cash FlowTrailing 4 quarters | $191.8M | $48.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $54.2M | $-10.2M | ||
| Q3 25 | $50.7M | $11.8M | ||
| Q2 25 | $55.5M | $12.6M | ||
| Q1 25 | $49.8M | $45.1M | ||
| Q4 24 | $52.2M | $3.9M | ||
| Q3 24 | $44.5M | $9.1M | ||
| Q2 24 | $56.7M | $-24.7M | ||
| Q1 24 | $25.7M | $38.4M |
| Q4 25 | $48.6M | $-13.3M | ||
| Q3 25 | $46.0M | $7.5M | ||
| Q2 25 | $50.2M | $10.4M | ||
| Q1 25 | $47.0M | $43.4M | ||
| Q4 24 | $50.3M | $2.1M | ||
| Q3 24 | $42.7M | $8.0M | ||
| Q2 24 | $55.8M | $-25.7M | ||
| Q1 24 | $24.9M | $36.7M |
| Q4 25 | 15.3% | -4.1% | ||
| Q3 25 | 14.7% | 2.5% | ||
| Q2 25 | 15.1% | 3.4% | ||
| Q1 25 | 14.5% | 14.6% | ||
| Q4 24 | 16.8% | 0.7% | ||
| Q3 24 | 14.9% | 2.8% | ||
| Q2 24 | 18.4% | -9.1% | ||
| Q1 24 | 8.9% | 13.5% |
| Q4 25 | 1.8% | 1.0% | ||
| Q3 25 | 1.5% | 1.5% | ||
| Q2 25 | 1.6% | 0.7% | ||
| Q1 25 | 0.9% | 0.6% | ||
| Q4 24 | 0.6% | 0.6% | ||
| Q3 24 | 0.6% | 0.4% | ||
| Q2 24 | 0.3% | 0.4% | ||
| Q1 24 | 0.3% | 0.6% |
| Q4 25 | 4.34× | -0.55× | ||
| Q3 25 | 3.65× | 0.56× | ||
| Q2 25 | 3.24× | 1.24× | ||
| Q1 25 | 3.31× | 3.82× | ||
| Q4 24 | 4.95× | 0.32× | ||
| Q3 24 | 4.27× | 0.83× | ||
| Q2 24 | 3.44× | -1.60× | ||
| Q1 24 | 1.52× | 3.53× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
PGNY
| Fertility Benefit Services | $208.6M | 66% |
| Pharmacy Benefit Services | $109.8M | 34% |
RVLV
| Fashion Apparel | $155.1M | 48% |
| Dresses | $76.4M | 24% |
| Handbags Shoes And Accessories | $67.6M | 21% |
| Beauty | $20.3M | 6% |
| Manufactured Product Other | $5.0M | 2% |
| Breakage On Store Credit And Gift Cards | $900.0K | 0% |
