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Side-by-side financial comparison of BRANDYWINE REALTY TRUST (BDN) and Inogen Inc (INGN). Click either name above to swap in a different company.

BRANDYWINE REALTY TRUST is the larger business by last-quarter revenue ($127.0M vs $68.6M, roughly 1.9× Inogen Inc). On growth, BRANDYWINE REALTY TRUST posted the faster year-over-year revenue change (4.5% vs 3.4%). Over the past eight quarters, Inogen Inc's revenue compounded faster (4.2% CAGR vs 0.7%).

Brandywine Realty Trust is a Philadelphia-based real estate investment trust (REIT) that invests in office buildings in Philadelphia, Washington, D.C., and Austin, Texas.

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.

BDN vs INGN — Head-to-Head

Bigger by revenue
BDN
BDN
1.9× larger
BDN
$127.0M
$68.6M
INGN
Growing faster (revenue YoY)
BDN
BDN
+1.1% gap
BDN
4.5%
3.4%
INGN
Faster 2-yr revenue CAGR
INGN
INGN
Annualised
INGN
4.2%
0.7%
BDN

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
BDN
BDN
INGN
INGN
Revenue
$127.0M
$68.6M
Net Profit
$-48.8M
Gross Margin
51.4%
Operating Margin
1.2%
-13.6%
Net Margin
-38.4%
Revenue YoY
4.5%
3.4%
Net Profit YoY
-80.4%
EPS (diluted)
$-0.28
$-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
BDN
BDN
INGN
INGN
Q1 26
$127.0M
Q4 25
$121.0M
$68.6M
Q3 25
$121.4M
$79.1M
Q2 25
$120.6M
$79.2M
Q1 25
$121.5M
$68.5M
Q4 24
$121.9M
$66.3M
Q3 24
$131.8M
$74.9M
Q2 24
$125.3M
$74.4M
Net Profit
BDN
BDN
INGN
INGN
Q1 26
$-48.8M
Q4 25
$-36.7M
Q3 25
$-25.9M
$-5.3M
Q2 25
$-88.7M
$-4.2M
Q1 25
$-27.0M
$-6.2M
Q4 24
$-44.5M
Q3 24
$-165.2M
$-6.0M
Q2 24
$30.2M
$-5.6M
Gross Margin
BDN
BDN
INGN
INGN
Q1 26
Q4 25
61.3%
51.4%
Q3 25
62.6%
52.2%
Q2 25
62.4%
52.2%
Q1 25
60.8%
53.1%
Q4 24
61.2%
54.7%
Q3 24
64.9%
55.2%
Q2 24
63.1%
57.4%
Operating Margin
BDN
BDN
INGN
INGN
Q1 26
1.2%
Q4 25
22.8%
-13.6%
Q3 25
20.8%
-9.0%
Q2 25
-34.3%
-7.7%
Q1 25
12.5%
-11.2%
Q4 24
18.0%
-17.2%
Q3 24
-7.2%
-10.4%
Q2 24
15.5%
-9.5%
Net Margin
BDN
BDN
INGN
INGN
Q1 26
-38.4%
Q4 25
-30.3%
Q3 25
-21.3%
-6.7%
Q2 25
-73.5%
-5.2%
Q1 25
-22.2%
-9.0%
Q4 24
-36.5%
Q3 24
-125.4%
-8.0%
Q2 24
24.1%
-7.5%
EPS (diluted)
BDN
BDN
INGN
INGN
Q1 26
$-0.28
Q4 25
$-0.21
$-0.26
Q3 25
$-0.15
$-0.20
Q2 25
$-0.51
$-0.15
Q1 25
$-0.16
$-0.25
Q4 24
$-0.25
$-0.41
Q3 24
$-0.96
$-0.25
Q2 24
$0.17
$-0.24

Balance Sheet & Financial Strength

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

Metric
BDN
BDN
INGN
INGN
Cash + ST InvestmentsLiquidity on hand
$36.2M
$103.7M
Total DebtLower is stronger
Stockholders' EquityBook value
$192.2M
Total Assets
$3.6B
$298.6M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BDN
BDN
INGN
INGN
Q1 26
$36.2M
Q4 25
$32.3M
$103.7M
Q3 25
$75.5M
$106.5M
Q2 25
$122.6M
$103.7M
Q1 25
$29.4M
$118.9M
Q4 24
$90.2M
$113.8M
Q3 24
$36.5M
$105.7M
Q2 24
$30.4M
$97.9M
Total Debt
BDN
BDN
INGN
INGN
Q1 26
Q4 25
$2.6B
Q3 25
$2.3B
Q2 25
$2.3B
Q1 25
$2.2B
Q4 24
$2.2B
Q3 24
$2.3B
Q2 24
$2.2B
Stockholders' Equity
BDN
BDN
INGN
INGN
Q1 26
Q4 25
$792.7M
$192.2M
Q3 25
$841.5M
$197.2M
Q2 25
$879.8M
$199.5M
Q1 25
$993.6M
$198.0M
Q4 24
$1.0B
$173.9M
Q3 24
$1.1B
$185.4M
Q2 24
$1.3B
$187.6M
Total Assets
BDN
BDN
INGN
INGN
Q1 26
$3.6B
Q4 25
$3.6B
$298.6M
Q3 25
$3.3B
$307.0M
Q2 25
$3.4B
$312.0M
Q1 25
$3.4B
$308.4M
Q4 24
$3.5B
$296.2M
Q3 24
$3.6B
$306.2M
Q2 24
$3.8B
$308.9M
Debt / Equity
BDN
BDN
INGN
INGN
Q1 26
Q4 25
3.23×
Q3 25
2.70×
Q2 25
2.63×
Q1 25
2.23×
Q4 24
2.13×
Q3 24
2.06×
Q2 24
1.73×

Cash Flow & Capital Efficiency

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

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

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BDN
BDN
INGN
INGN
Q1 26
Q4 25
$116.7M
$-943.0K
Q3 25
$47.5M
$2.2M
Q2 25
$34.4M
$4.3M
Q1 25
$6.3M
$-16.8M
Q4 24
$181.1M
$-3.0M
Q3 24
$52.2M
$7.0M
Q2 24
$48.2M
$6.7M
Free Cash Flow
BDN
BDN
INGN
INGN
Q1 26
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
FCF Margin
BDN
BDN
INGN
INGN
Q1 26
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%
Capex Intensity
BDN
BDN
INGN
INGN
Q1 26
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%
Cash Conversion
BDN
BDN
INGN
INGN
Q1 26
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
1.60×

Financial Flow Comparison

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

Revenue Breakdown by Segment

BDN
BDN

Rents$120.7M95%
Third party management fees, labor reimbursement and leasing$4.7M4%

INGN
INGN

Other$36.1M53%
Non Us$32.5M47%

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