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Side-by-side financial comparison of GRAHAM CORP (GHM) 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 $56.7M, roughly 1.2× GRAHAM CORP). On growth, GRAHAM CORP posted the faster year-over-year revenue change (20.5% vs 3.4%). GRAHAM CORP produced more free cash flow last quarter ($2.4M vs $-1.9M). Over the past eight quarters, GRAHAM CORP's revenue compounded faster (7.5% CAGR vs 4.2%).

Graham Holdings Company is a diversified American conglomerate holding company. Headquartered in Arlington County, Virginia, and incorporated in Delaware, it was formerly the owner of The Washington Post newspaper and Newsweek magazine.

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.

GHM vs INGN — Head-to-Head

Bigger by revenue
INGN
INGN
1.2× larger
INGN
$68.6M
$56.7M
GHM
Growing faster (revenue YoY)
GHM
GHM
+17.1% gap
GHM
20.5%
3.4%
INGN
More free cash flow
GHM
GHM
$4.3M more FCF
GHM
$2.4M
$-1.9M
INGN
Faster 2-yr revenue CAGR
GHM
GHM
Annualised
GHM
7.5%
4.2%
INGN

Income Statement — Q3 FY2026 vs Q4 FY2025

Metric
GHM
GHM
INGN
INGN
Revenue
$56.7M
$68.6M
Net Profit
$2.8M
Gross Margin
23.8%
51.4%
Operating Margin
5.5%
-13.6%
Net Margin
5.0%
Revenue YoY
20.5%
3.4%
Net Profit YoY
79.2%
EPS (diluted)
$0.25
$-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
GHM
GHM
INGN
INGN
Q4 25
$56.7M
$68.6M
Q3 25
$66.0M
$79.1M
Q2 25
$55.5M
$79.2M
Q1 25
$59.3M
$68.5M
Q4 24
$47.0M
$66.3M
Q3 24
$53.6M
$74.9M
Q2 24
$50.0M
$74.4M
Q1 24
$49.1M
$63.1M
Net Profit
GHM
GHM
INGN
INGN
Q4 25
$2.8M
Q3 25
$3.1M
$-5.3M
Q2 25
$4.6M
$-4.2M
Q1 25
$4.4M
$-6.2M
Q4 24
$1.6M
Q3 24
$3.3M
$-6.0M
Q2 24
$3.0M
$-5.6M
Q1 24
$1.3M
$-14.6M
Gross Margin
GHM
GHM
INGN
INGN
Q4 25
23.8%
51.4%
Q3 25
21.7%
52.2%
Q2 25
26.5%
52.2%
Q1 25
27.0%
53.1%
Q4 24
24.8%
54.7%
Q3 24
23.9%
55.2%
Q2 24
24.8%
57.4%
Q1 24
25.9%
54.5%
Operating Margin
GHM
GHM
INGN
INGN
Q4 25
5.5%
-13.6%
Q3 25
6.5%
-9.0%
Q2 25
8.9%
-7.7%
Q1 25
9.3%
-11.2%
Q4 24
4.7%
-17.2%
Q3 24
7.9%
-10.4%
Q2 24
6.5%
-9.5%
Q1 24
3.1%
-25.8%
Net Margin
GHM
GHM
INGN
INGN
Q4 25
5.0%
Q3 25
4.7%
-6.7%
Q2 25
8.3%
-5.2%
Q1 25
7.4%
-9.0%
Q4 24
3.4%
Q3 24
6.1%
-8.0%
Q2 24
5.9%
-7.5%
Q1 24
2.7%
-23.1%
EPS (diluted)
GHM
GHM
INGN
INGN
Q4 25
$0.25
$-0.26
Q3 25
$0.28
$-0.20
Q2 25
$0.42
$-0.15
Q1 25
$0.40
$-0.25
Q4 24
$0.14
$-0.41
Q3 24
$0.30
$-0.25
Q2 24
$0.27
$-0.24
Q1 24
$0.11
$-0.62

Balance Sheet & Financial Strength

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

Metric
GHM
GHM
INGN
INGN
Cash + ST InvestmentsLiquidity on hand
$22.3M
$103.7M
Total DebtLower is stronger
Stockholders' EquityBook value
$131.3M
$192.2M
Total Assets
$292.9M
$298.6M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
GHM
GHM
INGN
INGN
Q4 25
$22.3M
$103.7M
Q3 25
$20.6M
$106.5M
Q2 25
$10.8M
$103.7M
Q1 25
$21.6M
$118.9M
Q4 24
$30.0M
$113.8M
Q3 24
$32.3M
$105.7M
Q2 24
$21.6M
$97.9M
Q1 24
$16.9M
$107.4M
Stockholders' Equity
GHM
GHM
INGN
INGN
Q4 25
$131.3M
$192.2M
Q3 25
$127.6M
$197.2M
Q2 25
$123.4M
$199.5M
Q1 25
$119.6M
$198.0M
Q4 24
$114.4M
$173.9M
Q3 24
$112.5M
$185.4M
Q2 24
$108.2M
$187.6M
Q1 24
$105.6M
$191.9M
Total Assets
GHM
GHM
INGN
INGN
Q4 25
$292.9M
$298.6M
Q3 25
$287.0M
$307.0M
Q2 25
$252.3M
$312.0M
Q1 25
$264.1M
$308.4M
Q4 24
$264.3M
$296.2M
Q3 24
$249.5M
$306.2M
Q2 24
$244.2M
$308.9M
Q1 24
$233.9M
$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
GHM
GHM
INGN
INGN
Operating Cash FlowLast quarter
$4.8M
$-943.0K
Free Cash FlowOCF − Capex
$2.4M
$-1.9M
FCF MarginFCF / Revenue
4.3%
-2.8%
Capex IntensityCapex / Revenue
4.1%
1.4%
Cash ConversionOCF / Net Profit
1.67×
TTM Free Cash FlowTrailing 4 quarters
$-6.1M
$-13.7M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
GHM
GHM
INGN
INGN
Q4 25
$4.8M
$-943.0K
Q3 25
$13.6M
$2.2M
Q2 25
$-2.3M
$4.3M
Q1 25
$-3.6M
$-16.8M
Q4 24
$5.2M
$-3.0M
Q3 24
$13.9M
$7.0M
Q2 24
$8.7M
$6.7M
Q1 24
$8.6M
$-4.7M
Free Cash Flow
GHM
GHM
INGN
INGN
Q4 25
$2.4M
$-1.9M
Q3 25
$9.4M
$1.6M
Q2 25
$-9.3M
$3.7M
Q1 25
$-8.7M
$-17.1M
Q4 24
$-2.1M
$-3.3M
Q3 24
$10.4M
$5.3M
Q2 24
$5.7M
$6.6M
Q1 24
$4.6M
$-6.1M
FCF Margin
GHM
GHM
INGN
INGN
Q4 25
4.3%
-2.8%
Q3 25
14.3%
2.0%
Q2 25
-16.7%
4.6%
Q1 25
-14.7%
-24.9%
Q4 24
-4.5%
-5.0%
Q3 24
19.5%
7.1%
Q2 24
11.5%
8.9%
Q1 24
9.4%
-9.6%
Capex Intensity
GHM
GHM
INGN
INGN
Q4 25
4.1%
1.4%
Q3 25
6.3%
0.7%
Q2 25
12.6%
0.9%
Q1 25
8.7%
0.4%
Q4 24
15.6%
0.5%
Q3 24
6.5%
2.2%
Q2 24
6.0%
0.1%
Q1 24
8.2%
2.1%
Cash Conversion
GHM
GHM
INGN
INGN
Q4 25
1.67×
Q3 25
4.40×
Q2 25
-0.49×
Q1 25
-0.81×
Q4 24
3.29×
Q3 24
4.25×
Q2 24
2.94×
Q1 24
6.45×

Financial Flow Comparison

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

Revenue Breakdown by Segment

GHM
GHM

Defense$35.3M62%
Energy And Process$18.3M32%
Space$3.1M6%

INGN
INGN

Other$36.1M53%
Non Us$32.5M47%

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