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Side-by-side financial comparison of Armour Residential REIT, Inc. (ARR) 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 $50.4M, roughly 1.4× Armour Residential REIT, Inc.). On growth, Armour Residential REIT, Inc. posted the faster year-over-year revenue change (297.9% vs 3.4%). Over the past eight quarters, Armour Residential REIT, Inc.'s revenue compounded faster (108.0% CAGR vs 4.2%).

Armour Residential REIT, Inc. is a U.S.-based real estate investment trust that primarily invests in agency residential mortgage-backed securities guaranteed by U.S. government-sponsored entities. It focuses on generating consistent long-term net income for shareholders via strategic asset management and active interest rate risk mitigation.

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.

ARR vs INGN — Head-to-Head

Bigger by revenue
INGN
INGN
1.4× larger
INGN
$68.6M
$50.4M
ARR
Growing faster (revenue YoY)
ARR
ARR
+294.5% gap
ARR
297.9%
3.4%
INGN
Faster 2-yr revenue CAGR
ARR
ARR
Annualised
ARR
108.0%
4.2%
INGN

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
ARR
ARR
INGN
INGN
Revenue
$50.4M
$68.6M
Net Profit
$211.7M
Gross Margin
51.4%
Operating Margin
-13.6%
Net Margin
420.2%
Revenue YoY
297.9%
3.4%
Net Profit YoY
555.9%
EPS (diluted)
$2.43
$-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.

Revenue
ARR
ARR
INGN
INGN
Q4 25
$50.4M
$68.6M
Q3 25
$38.5M
$79.1M
Q2 25
$33.1M
$79.2M
Q1 25
$36.3M
$68.5M
Q4 24
$12.7M
$66.3M
Q3 24
$74.9M
Q2 24
$7.0M
$74.4M
Q1 24
$63.1M
Net Profit
ARR
ARR
INGN
INGN
Q4 25
$211.7M
Q3 25
$159.3M
$-5.3M
Q2 25
$-75.6M
$-4.2M
Q1 25
$27.3M
$-6.2M
Q4 24
$-46.4M
Q3 24
$-6.0M
Q2 24
$-48.4M
$-5.6M
Q1 24
$-14.6M
Gross Margin
ARR
ARR
INGN
INGN
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%
Operating Margin
ARR
ARR
INGN
INGN
Q4 25
-13.6%
Q3 25
-9.0%
Q2 25
-7.7%
Q1 25
-11.2%
Q4 24
-17.2%
Q3 24
-10.4%
Q2 24
-9.5%
Q1 24
-25.8%
Net Margin
ARR
ARR
INGN
INGN
Q4 25
420.2%
Q3 25
413.5%
-6.7%
Q2 25
-228.4%
-5.2%
Q1 25
75.2%
-9.0%
Q4 24
-366.8%
Q3 24
-8.0%
Q2 24
-693.8%
-7.5%
Q1 24
-23.1%
EPS (diluted)
ARR
ARR
INGN
INGN
Q4 25
$2.43
$-0.26
Q3 25
$1.49
$-0.20
Q2 25
$-0.94
$-0.15
Q1 25
$0.32
$-0.25
Q4 24
$-0.91
$-0.41
Q3 24
$-0.25
Q2 24
$-1.05
$-0.24
Q1 24
$-0.62

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
ARR
ARR
INGN
INGN
Cash + ST InvestmentsLiquidity on hand
$63.3M
$103.7M
Total DebtLower is stronger
Stockholders' EquityBook value
$2.3B
$192.2M
Total Assets
$21.0B
$298.6M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ARR
ARR
INGN
INGN
Q4 25
$63.3M
$103.7M
Q3 25
$44.2M
$106.5M
Q2 25
$141.2M
$103.7M
Q1 25
$49.1M
$118.9M
Q4 24
$68.0M
$113.8M
Q3 24
$105.7M
Q2 24
$126.6M
$97.9M
Q1 24
$107.4M
Stockholders' Equity
ARR
ARR
INGN
INGN
Q4 25
$2.3B
$192.2M
Q3 25
$2.1B
$197.2M
Q2 25
$1.7B
$199.5M
Q1 25
$1.7B
$198.0M
Q4 24
$1.4B
$173.9M
Q3 24
$185.4M
Q2 24
$1.2B
$187.6M
Q1 24
$191.9M
Total Assets
ARR
ARR
INGN
INGN
Q4 25
$21.0B
$298.6M
Q3 25
$19.4B
$307.0M
Q2 25
$16.2B
$312.0M
Q1 25
$15.5B
$308.4M
Q4 24
$13.5B
$296.2M
Q3 24
$306.2M
Q2 24
$10.1B
$308.9M
Q1 24
$315.6M

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
ARR
ARR
INGN
INGN
Operating Cash FlowLast quarter
$124.2M
$-943.0K
Free Cash FlowOCF − Capex
$-1.9M
FCF MarginFCF / Revenue
-2.8%
Capex IntensityCapex / Revenue
1.4%
Cash ConversionOCF / Net Profit
0.59×
TTM Free Cash FlowTrailing 4 quarters
$-13.7M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ARR
ARR
INGN
INGN
Q4 25
$124.2M
$-943.0K
Q3 25
$-37.8M
$2.2M
Q2 25
$25.0M
$4.3M
Q1 25
$101.5M
$-16.8M
Q4 24
$261.5M
$-3.0M
Q3 24
$7.0M
Q2 24
$27.1M
$6.7M
Q1 24
$-4.7M
Free Cash Flow
ARR
ARR
INGN
INGN
Q4 25
$-1.9M
Q3 25
$1.6M
Q2 25
$3.7M
Q1 25
$-17.1M
Q4 24
$-3.3M
Q3 24
$5.3M
Q2 24
$6.6M
Q1 24
$-6.1M
FCF Margin
ARR
ARR
INGN
INGN
Q4 25
-2.8%
Q3 25
2.0%
Q2 25
4.6%
Q1 25
-24.9%
Q4 24
-5.0%
Q3 24
7.1%
Q2 24
8.9%
Q1 24
-9.6%
Capex Intensity
ARR
ARR
INGN
INGN
Q4 25
1.4%
Q3 25
0.7%
Q2 25
0.9%
Q1 25
0.4%
Q4 24
0.5%
Q3 24
2.2%
Q2 24
0.1%
Q1 24
2.1%
Cash Conversion
ARR
ARR
INGN
INGN
Q4 25
0.59×
Q3 25
-0.24×
Q2 25
Q1 25
3.71×
Q4 24
Q3 24
Q2 24
Q1 24

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

ARR
ARR

Segment breakdown not available.

INGN
INGN

Other$36.1M53%
Non Us$32.5M47%

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