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Side-by-side financial comparison of Cambium Networks Corp (CMBM) 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 $40.3M, roughly 1.7× Cambium Networks Corp). On growth, Inogen Inc posted the faster year-over-year revenue change (3.4% vs -23.2%). Inogen Inc produced more free cash flow last quarter ($-1.9M vs $-10.8M). Over the past eight quarters, Inogen Inc's revenue compounded faster (4.2% CAGR vs -27.2%).
Cambium Networks Corporation is an American manufacturer of wireless telecommunications equipment, including Enterprise WiFi, Network switch, Internet of Things, and fixed wireless broadband and Wi-Fi for enterprises products for Internet access. Publicly traded on the NASDAQ stock exchange, it spun out of Motorola in October 2011.
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.
CMBM vs INGN — Head-to-Head
Income Statement — Q4 FY2024 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $40.3M | $68.6M |
| Net Profit | $-7.2M | — |
| Gross Margin | 36.6% | 51.4% |
| Operating Margin | -28.4% | -13.6% |
| Net Margin | -17.9% | — |
| Revenue YoY | -23.2% | 3.4% |
| Net Profit YoY | 71.0% | — |
| EPS (diluted) | $-0.26 | $-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 | — | $68.6M | ||
| Q3 25 | — | $79.1M | ||
| Q2 25 | — | $79.2M | ||
| Q1 25 | — | $68.5M | ||
| Q4 24 | $40.3M | $66.3M | ||
| Q3 24 | $44.7M | $74.9M | ||
| Q2 24 | $45.2M | $74.4M | ||
| Q1 24 | $47.1M | $63.1M |
| Q4 25 | — | — | ||
| Q3 25 | — | $-5.3M | ||
| Q2 25 | — | $-4.2M | ||
| Q1 25 | — | $-6.2M | ||
| Q4 24 | $-7.2M | — | ||
| Q3 24 | $-34.5M | $-6.0M | ||
| Q2 24 | $-14.2M | $-5.6M | ||
| Q1 24 | $-18.4M | $-14.6M |
| Q4 25 | — | 51.4% | ||
| Q3 25 | — | 52.2% | ||
| Q2 25 | — | 52.2% | ||
| Q1 25 | — | 53.1% | ||
| Q4 24 | 36.6% | 54.7% | ||
| Q3 24 | 43.6% | 55.2% | ||
| Q2 24 | 32.5% | 57.4% | ||
| Q1 24 | 29.8% | 54.5% |
| Q4 25 | — | -13.6% | ||
| Q3 25 | — | -9.0% | ||
| Q2 25 | — | -7.7% | ||
| Q1 25 | — | -11.2% | ||
| Q4 24 | -28.4% | -17.2% | ||
| Q3 24 | -69.6% | -10.4% | ||
| Q2 24 | -27.2% | -9.5% | ||
| Q1 24 | -33.1% | -25.8% |
| Q4 25 | — | — | ||
| Q3 25 | — | -6.7% | ||
| Q2 25 | — | -5.2% | ||
| Q1 25 | — | -9.0% | ||
| Q4 24 | -17.9% | — | ||
| Q3 24 | -77.3% | -8.0% | ||
| Q2 24 | -31.5% | -7.5% | ||
| Q1 24 | -39.2% | -23.1% |
| Q4 25 | — | $-0.26 | ||
| Q3 25 | — | $-0.20 | ||
| Q2 25 | — | $-0.15 | ||
| Q1 25 | — | $-0.25 | ||
| Q4 24 | $-0.26 | $-0.41 | ||
| Q3 24 | $-1.22 | $-0.25 | ||
| Q2 24 | $-0.51 | $-0.24 | ||
| Q1 24 | $-0.66 | $-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 | — | $103.7M |
| Total DebtLower is stronger | $67.6M | — |
| Stockholders' EquityBook value | $-3.2M | $192.2M |
| Total Assets | $173.7M | $298.6M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $103.7M | ||
| Q3 25 | — | $106.5M | ||
| Q2 25 | — | $103.7M | ||
| Q1 25 | — | $118.9M | ||
| Q4 24 | — | $113.8M | ||
| Q3 24 | — | $105.7M | ||
| Q2 24 | — | $97.9M | ||
| Q1 24 | — | $107.4M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $67.6M | — | ||
| Q3 24 | $67.6M | — | ||
| Q2 24 | $68.9M | — | ||
| Q1 24 | $63.8M | — |
| Q4 25 | — | $192.2M | ||
| Q3 25 | — | $197.2M | ||
| Q2 25 | — | $199.5M | ||
| Q1 25 | — | $198.0M | ||
| Q4 24 | $-3.2M | $173.9M | ||
| Q3 24 | $1.9M | $185.4M | ||
| Q2 24 | $34.1M | $187.6M | ||
| Q1 24 | $45.0M | $191.9M |
| Q4 25 | — | $298.6M | ||
| Q3 25 | — | $307.0M | ||
| Q2 25 | — | $312.0M | ||
| Q1 25 | — | $308.4M | ||
| Q4 24 | $173.7M | $296.2M | ||
| Q3 24 | $194.3M | $306.2M | ||
| Q2 24 | $221.1M | $308.9M | ||
| Q1 24 | $219.8M | $315.6M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 36.12× | — | ||
| Q2 24 | 2.02× | — | ||
| Q1 24 | 1.42× | — |
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 | $-10.4M | $-943.0K |
| Free Cash FlowOCF − Capex | $-10.8M | $-1.9M |
| FCF MarginFCF / Revenue | -26.8% | -2.8% |
| Capex IntensityCapex / Revenue | 1.1% | 1.4% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $-21.4M | $-13.7M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $-943.0K | ||
| Q3 25 | — | $2.2M | ||
| Q2 25 | — | $4.3M | ||
| Q1 25 | — | $-16.8M | ||
| Q4 24 | $-10.4M | $-3.0M | ||
| Q3 24 | $8.9M | $7.0M | ||
| Q2 24 | $2.4M | $6.7M | ||
| Q1 24 | $-15.9M | $-4.7M |
| Q4 25 | — | $-1.9M | ||
| Q3 25 | — | $1.6M | ||
| Q2 25 | — | $3.7M | ||
| Q1 25 | — | $-17.1M | ||
| Q4 24 | $-10.8M | $-3.3M | ||
| Q3 24 | $6.8M | $5.3M | ||
| Q2 24 | $87.0K | $6.6M | ||
| Q1 24 | $-17.4M | $-6.1M |
| Q4 25 | — | -2.8% | ||
| Q3 25 | — | 2.0% | ||
| Q2 25 | — | 4.6% | ||
| Q1 25 | — | -24.9% | ||
| Q4 24 | -26.8% | -5.0% | ||
| Q3 24 | 15.2% | 7.1% | ||
| Q2 24 | 0.2% | 8.9% | ||
| Q1 24 | -37.0% | -9.6% |
| Q4 25 | — | 1.4% | ||
| Q3 25 | — | 0.7% | ||
| Q2 25 | — | 0.9% | ||
| Q1 25 | — | 0.4% | ||
| Q4 24 | 1.1% | 0.5% | ||
| Q3 24 | 4.8% | 2.2% | ||
| Q2 24 | 5.1% | 0.1% | ||
| Q1 24 | 3.3% | 2.1% |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
CMBM
| Enterprise | $16.6M | 41% |
| Point To Multi Point | $16.4M | 41% |
| Other | $5.8M | 14% |
INGN
| Other | $36.1M | 53% |
| Non Us | $32.5M | 47% |
