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Side-by-side financial comparison of DYNEX CAPITAL INC (DX) 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 $43.5M, roughly 1.6× DYNEX CAPITAL INC). On growth, DYNEX CAPITAL INC posted the faster year-over-year revenue change (531.3% vs 3.4%). Over the past eight quarters, DYNEX CAPITAL INC's revenue compounded faster (75.8% CAGR vs 4.2%).

Dynex Capital Inc. is a publicly traded real estate investment trust headquartered in the United States. It specializes in investing in and managing a diversified portfolio of mortgage-backed securities, residential and commercial mortgage loans, and other mortgage-related assets. It delivers consistent returns to shareholders via regular dividends and long-term capital growth.

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.

DX vs INGN — Head-to-Head

Bigger by revenue
INGN
INGN
1.6× larger
INGN
$68.6M
$43.5M
DX
Growing faster (revenue YoY)
DX
DX
+527.9% gap
DX
531.3%
3.4%
INGN
Faster 2-yr revenue CAGR
DX
DX
Annualised
DX
75.8%
4.2%
INGN

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
DX
DX
INGN
INGN
Revenue
$43.5M
$68.6M
Net Profit
Gross Margin
51.4%
Operating Margin
-13.6%
Net Margin
Revenue YoY
531.3%
3.4%
Net Profit YoY
EPS (diluted)
$1.59
$-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
DX
DX
INGN
INGN
Q4 25
$43.5M
$68.6M
Q3 25
$30.6M
$79.1M
Q2 25
$23.1M
$79.2M
Q1 25
$17.1M
$68.5M
Q4 24
$66.3M
Q3 24
$74.9M
Q2 24
$74.4M
Q1 24
$-3.2M
$63.1M
Net Profit
DX
DX
INGN
INGN
Q4 25
Q3 25
$150.4M
$-5.3M
Q2 25
$-13.6M
$-4.2M
Q1 25
$-3.1M
$-6.2M
Q4 24
Q3 24
$-6.0M
Q2 24
$-5.6M
Q1 24
$40.1M
$-14.6M
Gross Margin
DX
DX
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
DX
DX
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
DX
DX
INGN
INGN
Q4 25
Q3 25
491.3%
-6.7%
Q2 25
-58.8%
-5.2%
Q1 25
-18.0%
-9.0%
Q4 24
Q3 24
-8.0%
Q2 24
-7.5%
Q1 24
-1256.8%
-23.1%
EPS (diluted)
DX
DX
INGN
INGN
Q4 25
$1.59
$-0.26
Q3 25
$1.08
$-0.20
Q2 25
$-0.14
$-0.15
Q1 25
$-0.06
$-0.25
Q4 24
$-0.41
Q3 24
$-0.25
Q2 24
$-0.24
Q1 24
$0.64
$-0.62

Balance Sheet & Financial Strength

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

Metric
DX
DX
INGN
INGN
Cash + ST InvestmentsLiquidity on hand
$531.0M
$103.7M
Total DebtLower is stronger
Stockholders' EquityBook value
$2.5B
$192.2M
Total Assets
$17.3B
$298.6M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
DX
DX
INGN
INGN
Q4 25
$531.0M
$103.7M
Q3 25
$491.0M
$106.5M
Q2 25
$387.5M
$103.7M
Q1 25
$327.4M
$118.9M
Q4 24
$113.8M
Q3 24
$105.7M
Q2 24
$97.9M
Q1 24
$295.7M
$107.4M
Stockholders' Equity
DX
DX
INGN
INGN
Q4 25
$2.5B
$192.2M
Q3 25
$2.0B
$197.2M
Q2 25
$1.6B
$199.5M
Q1 25
$1.4B
$198.0M
Q4 24
$173.9M
Q3 24
$185.4M
Q2 24
$187.6M
Q1 24
$958.5M
$191.9M
Total Assets
DX
DX
INGN
INGN
Q4 25
$17.3B
$298.6M
Q3 25
$14.2B
$307.0M
Q2 25
$11.3B
$312.0M
Q1 25
$9.0B
$308.4M
Q4 24
$296.2M
Q3 24
$306.2M
Q2 24
$308.9M
Q1 24
$6.3B
$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
DX
DX
INGN
INGN
Operating Cash FlowLast quarter
$120.8M
$-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
DX
DX
INGN
INGN
Q4 25
$120.8M
$-943.0K
Q3 25
$68.3M
$2.2M
Q2 25
$31.9M
$4.3M
Q1 25
$6.4M
$-16.8M
Q4 24
$-3.0M
Q3 24
$7.0M
Q2 24
$6.7M
Q1 24
$-17.1M
$-4.7M
Free Cash Flow
DX
DX
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
DX
DX
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
DX
DX
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
DX
DX
INGN
INGN
Q4 25
Q3 25
0.45×
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
-0.43×

Financial Flow Comparison

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

Revenue Breakdown by Segment

DX
DX

Segment breakdown not available.

INGN
INGN

Other$36.1M53%
Non Us$32.5M47%

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