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Side-by-side financial comparison of ADAMAS TRUST, INC. (ADAM) and Inogen Inc (INGN). Click either name above to swap in a different company.
Inogen Inc is the larger business by last-quarter revenue ($68.6M vs $43.2M, roughly 1.6× ADAMAS TRUST, INC.). On growth, ADAMAS TRUST, INC. posted the faster year-over-year revenue change (61.6% vs 3.4%). ADAMAS TRUST, INC. produced more free cash flow last quarter ($125.9M vs $-1.9M). Over the past eight quarters, ADAMAS TRUST, INC.'s revenue compounded faster (55.5% CAGR vs 4.2%).
Inogen Inc is a medical technology firm specializing in the development, production and distribution of portable oxygen concentrators and associated respiratory care products. It caters primarily to patients with chronic respiratory conditions needing long-term oxygen therapy across North America, Europe and other global markets, focusing on home care and ambulatory patient segments to enhance users' quality of life.
ADAM vs INGN — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $43.2M | $68.6M |
| Net Profit | $53.5M | — |
| Gross Margin | — | 51.4% |
| Operating Margin | — | -13.6% |
| Net Margin | 124.0% | — |
| Revenue YoY | 61.6% | 3.4% |
| Net Profit YoY | 270.5% | — |
| EPS (diluted) | $0.45 | $-0.26 |
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 | $43.2M | $68.6M | ||
| Q3 25 | $36.6M | $79.1M | ||
| Q2 25 | $36.4M | $79.2M | ||
| Q1 25 | $33.1M | $68.5M | ||
| Q4 24 | $26.7M | $66.3M | ||
| Q3 24 | $20.2M | $74.9M | ||
| Q2 24 | $19.0M | $74.4M | ||
| Q1 24 | $17.9M | $63.1M |
| Q4 25 | $53.5M | — | ||
| Q3 25 | $44.8M | $-5.3M | ||
| Q2 25 | $8.5M | $-4.2M | ||
| Q1 25 | $42.2M | $-6.2M | ||
| Q4 24 | $-31.4M | — | ||
| Q3 24 | $42.8M | $-6.0M | ||
| Q2 24 | $-15.6M | $-5.6M | ||
| Q1 24 | $-57.9M | $-14.6M |
| Q4 25 | — | 51.4% | ||
| Q3 25 | — | 52.2% | ||
| Q2 25 | — | 52.2% | ||
| Q1 25 | — | 53.1% | ||
| Q4 24 | — | 54.7% | ||
| Q3 24 | — | 55.2% | ||
| Q2 24 | — | 57.4% | ||
| Q1 24 | — | 54.5% |
| Q4 25 | — | -13.6% | ||
| Q3 25 | — | -9.0% | ||
| Q2 25 | 11.7% | -7.7% | ||
| Q1 25 | — | -11.2% | ||
| Q4 24 | -119.0% | -17.2% | ||
| Q3 24 | — | -10.4% | ||
| Q2 24 | -124.7% | -9.5% | ||
| Q1 24 | -448.8% | -25.8% |
| Q4 25 | 124.0% | — | ||
| Q3 25 | 122.5% | -6.7% | ||
| Q2 25 | 23.4% | -5.2% | ||
| Q1 25 | 127.4% | -9.0% | ||
| Q4 24 | -117.5% | — | ||
| Q3 24 | 211.7% | -8.0% | ||
| Q2 24 | -81.9% | -7.5% | ||
| Q1 24 | -324.1% | -23.1% |
| Q4 25 | $0.45 | $-0.26 | ||
| Q3 25 | $0.36 | $-0.20 | ||
| Q2 25 | $-0.04 | $-0.15 | ||
| Q1 25 | $0.33 | $-0.25 | ||
| Q4 24 | $-0.46 | $-0.41 | ||
| Q3 24 | $0.36 | $-0.25 | ||
| Q2 24 | $-0.29 | $-0.24 | ||
| Q1 24 | $-0.75 | $-0.62 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $210.3M | $103.7M |
| Total DebtLower is stronger | $735.8M | — |
| Stockholders' EquityBook value | $1.4B | $192.2M |
| Total Assets | $12.6B | $298.6M |
| Debt / EquityLower = less leverage | 0.52× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $210.3M | $103.7M | ||
| Q3 25 | $185.3M | $106.5M | ||
| Q2 25 | $160.4M | $103.7M | ||
| Q1 25 | $177.1M | $118.9M | ||
| Q4 24 | $167.4M | $113.8M | ||
| Q3 24 | $195.1M | $105.7M | ||
| Q2 24 | $235.5M | $97.9M | ||
| Q1 24 | $226.9M | $107.4M |
| Q4 25 | $735.8M | — | ||
| Q3 25 | $766.6M | — | ||
| Q2 25 | $653.0M | — | ||
| Q1 25 | $654.4M | — | ||
| Q4 24 | $573.2M | — | ||
| Q3 24 | $699.4M | — | ||
| Q2 24 | $800.7M | — | ||
| Q1 24 | $1.0B | — |
| Q4 25 | $1.4B | $192.2M | ||
| Q3 25 | $1.4B | $197.2M | ||
| Q2 25 | $1.4B | $199.5M | ||
| Q1 25 | $1.4B | $198.0M | ||
| Q4 24 | $1.4B | $173.9M | ||
| Q3 24 | $1.4B | $185.4M | ||
| Q2 24 | $1.4B | $187.6M | ||
| Q1 24 | $1.5B | $191.9M |
| Q4 25 | $12.6B | $298.6M | ||
| Q3 25 | $12.4B | $307.0M | ||
| Q2 25 | $10.6B | $312.0M | ||
| Q1 25 | $10.0B | $308.4M | ||
| Q4 24 | $9.2B | $296.2M | ||
| Q3 24 | $8.9B | $306.2M | ||
| Q2 24 | $8.2B | $308.9M | ||
| Q1 24 | $7.4B | $315.6M |
| Q4 25 | 0.52× | — | ||
| Q3 25 | 0.55× | — | ||
| Q2 25 | 0.47× | — | ||
| Q1 25 | 0.47× | — | ||
| Q4 24 | 0.41× | — | ||
| Q3 24 | 0.48× | — | ||
| Q2 24 | 0.56× | — | ||
| Q1 24 | 0.67× | — |
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 | $134.0M | $-943.0K |
| Free Cash FlowOCF − Capex | $125.9M | $-1.9M |
| FCF MarginFCF / Revenue | 291.6% | -2.8% |
| Capex IntensityCapex / Revenue | 18.9% | 1.4% |
| Cash ConversionOCF / Net Profit | 2.50× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $-13.7M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $134.0M | $-943.0K | ||
| Q3 25 | $6.9M | $2.2M | ||
| Q2 25 | $39.2M | $4.3M | ||
| Q1 25 | $25.8M | $-16.8M | ||
| Q4 24 | $14.1M | $-3.0M | ||
| Q3 24 | $-922.0K | $7.0M | ||
| Q2 24 | $-993.0K | $6.7M | ||
| Q1 24 | $-13.1M | $-4.7M |
| Q4 25 | $125.9M | $-1.9M | ||
| Q3 25 | — | $1.6M | ||
| Q2 25 | — | $3.7M | ||
| Q1 25 | — | $-17.1M | ||
| Q4 24 | $-10.6M | $-3.3M | ||
| Q3 24 | $-8.6M | $5.3M | ||
| Q2 24 | $-8.6M | $6.6M | ||
| Q1 24 | $-19.1M | $-6.1M |
| Q4 25 | 291.6% | -2.8% | ||
| Q3 25 | — | 2.0% | ||
| Q2 25 | — | 4.6% | ||
| Q1 25 | — | -24.9% | ||
| Q4 24 | -39.6% | -5.0% | ||
| Q3 24 | -42.3% | 7.1% | ||
| Q2 24 | -44.9% | 8.9% | ||
| Q1 24 | -107.0% | -9.6% |
| Q4 25 | 18.9% | 1.4% | ||
| Q3 25 | — | 0.7% | ||
| Q2 25 | — | 0.9% | ||
| Q1 25 | — | 0.4% | ||
| Q4 24 | 92.3% | 0.5% | ||
| Q3 24 | 37.7% | 2.2% | ||
| Q2 24 | 39.7% | 0.1% | ||
| Q1 24 | 33.5% | 2.1% |
| Q4 25 | 2.50× | — | ||
| Q3 25 | 0.15× | — | ||
| Q2 25 | 4.59× | — | ||
| Q1 25 | 0.61× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | -0.02× | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
ADAM
| Other | $19.6M | 45% |
| Constructive Loans LLC | $14.4M | 33% |
| Multifamily | $9.1M | 21% |
INGN
| Other | $36.1M | 53% |
| Non Us | $32.5M | 47% |
