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Side-by-side financial comparison of Ellington Financial Inc. (EFC) and Inogen Inc (INGN). Click either name above to swap in a different company.

Ellington Financial Inc. is the larger business by last-quarter revenue ($78.2M vs $68.6M, roughly 1.1× Inogen Inc). On growth, Ellington Financial Inc. posted the faster year-over-year revenue change (8.7% vs 3.4%). Over the past eight quarters, Inogen Inc's revenue compounded faster (4.2% CAGR vs 1.8%).

Ellington Management Group is an American hedge fund firm. As of June 2019, the firm was reportedly managing $8.5 billion in structured products and other credit instruments.

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.

EFC vs INGN — Head-to-Head

Bigger by revenue
EFC
EFC
1.1× larger
EFC
$78.2M
$68.6M
INGN
Growing faster (revenue YoY)
EFC
EFC
+5.3% gap
EFC
8.7%
3.4%
INGN
Faster 2-yr revenue CAGR
INGN
INGN
Annualised
INGN
4.2%
1.8%
EFC

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
EFC
EFC
INGN
INGN
Revenue
$78.2M
$68.6M
Net Profit
$22.6M
Gross Margin
51.4%
Operating Margin
7.4%
-13.6%
Net Margin
28.9%
Revenue YoY
8.7%
3.4%
Net Profit YoY
-26.2%
EPS (diluted)
$0.10
$-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
EFC
EFC
INGN
INGN
Q4 25
$78.2M
$68.6M
Q3 25
$82.8M
$79.1M
Q2 25
$92.5M
$79.2M
Q1 25
$82.9M
$68.5M
Q4 24
$72.0M
$66.3M
Q3 24
$67.0M
$74.9M
Q2 24
$91.2M
$74.4M
Q1 24
$75.5M
$63.1M
Net Profit
EFC
EFC
INGN
INGN
Q4 25
$22.6M
Q3 25
$29.5M
$-5.3M
Q2 25
$42.9M
$-4.2M
Q1 25
$31.6M
$-6.2M
Q4 24
$30.7M
Q3 24
$16.2M
$-6.0M
Q2 24
$52.3M
$-5.6M
Q1 24
$26.9M
$-14.6M
Gross Margin
EFC
EFC
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
EFC
EFC
INGN
INGN
Q4 25
7.4%
-13.6%
Q3 25
31.1%
-9.0%
Q2 25
38.3%
-7.7%
Q1 25
37.3%
-11.2%
Q4 24
28.0%
-17.2%
Q3 24
24.0%
-10.4%
Q2 24
52.8%
-9.5%
Q1 24
42.2%
-25.8%
Net Margin
EFC
EFC
INGN
INGN
Q4 25
28.9%
Q3 25
35.7%
-6.7%
Q2 25
46.4%
-5.2%
Q1 25
38.2%
-9.0%
Q4 24
42.6%
Q3 24
24.1%
-8.0%
Q2 24
57.4%
-7.5%
Q1 24
35.6%
-23.1%
EPS (diluted)
EFC
EFC
INGN
INGN
Q4 25
$0.10
$-0.26
Q3 25
$0.29
$-0.20
Q2 25
$0.45
$-0.15
Q1 25
$0.35
$-0.25
Q4 24
$0.23
$-0.41
Q3 24
$0.19
$-0.25
Q2 24
$0.62
$-0.24
Q1 24
$0.32
$-0.62

Balance Sheet & Financial Strength

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

Metric
EFC
EFC
INGN
INGN
Cash + ST InvestmentsLiquidity on hand
$201.9M
$103.7M
Total DebtLower is stronger
Stockholders' EquityBook value
$1.8B
$192.2M
Total Assets
$19.4B
$298.6M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
EFC
EFC
INGN
INGN
Q4 25
$201.9M
$103.7M
Q3 25
$184.8M
$106.5M
Q2 25
$211.0M
$103.7M
Q1 25
$203.3M
$118.9M
Q4 24
$192.4M
$113.8M
Q3 24
$217.7M
$105.7M
Q2 24
$198.5M
$97.9M
Q1 24
$187.5M
$107.4M
Stockholders' Equity
EFC
EFC
INGN
INGN
Q4 25
$1.8B
$192.2M
Q3 25
$1.8B
$197.2M
Q2 25
$1.7B
$199.5M
Q1 25
$1.6B
$198.0M
Q4 24
$1.6B
$173.9M
Q3 24
$1.6B
$185.4M
Q2 24
$1.6B
$187.6M
Q1 24
$1.5B
$191.9M
Total Assets
EFC
EFC
INGN
INGN
Q4 25
$19.4B
$298.6M
Q3 25
$17.8B
$307.0M
Q2 25
$17.1B
$312.0M
Q1 25
$16.6B
$308.4M
Q4 24
$16.3B
$296.2M
Q3 24
$16.0B
$306.2M
Q2 24
$15.1B
$308.9M
Q1 24
$15.1B
$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
EFC
EFC
INGN
INGN
Operating Cash FlowLast quarter
$-925.5M
$-943.0K
Free Cash FlowOCF − Capex
$-1.9M
FCF MarginFCF / Revenue
-2.8%
Capex IntensityCapex / Revenue
0.0%
1.4%
Cash ConversionOCF / Net Profit
-40.92×
TTM Free Cash FlowTrailing 4 quarters
$-13.7M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
EFC
EFC
INGN
INGN
Q4 25
$-925.5M
$-943.0K
Q3 25
$-290.4M
$2.2M
Q2 25
$-210.5M
$4.3M
Q1 25
$-126.4M
$-16.8M
Q4 24
$-430.5M
$-3.0M
Q3 24
$-141.7M
$7.0M
Q2 24
$-88.6M
$6.7M
Q1 24
$-59.5M
$-4.7M
Free Cash Flow
EFC
EFC
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
EFC
EFC
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
EFC
EFC
INGN
INGN
Q4 25
0.0%
1.4%
Q3 25
0.7%
Q2 25
0.9%
Q1 25
0.4%
Q4 24
0.0%
0.5%
Q3 24
0.0%
2.2%
Q2 24
0.0%
0.1%
Q1 24
0.0%
2.1%
Cash Conversion
EFC
EFC
INGN
INGN
Q4 25
-40.92×
Q3 25
-9.84×
Q2 25
-4.90×
Q1 25
-3.99×
Q4 24
-14.04×
Q3 24
-8.76×
Q2 24
-1.69×
Q1 24
-2.21×

Financial Flow Comparison

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

Revenue Breakdown by Segment

EFC
EFC

Segment breakdown not available.

INGN
INGN

Other$36.1M53%
Non Us$32.5M47%

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