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Side-by-side financial comparison of Inogen Inc (INGN) and LandBridge Co LLC (LB). Click either name above to swap in a different company.
Inogen Inc is the larger business by last-quarter revenue ($68.6M vs $56.8M, roughly 1.2× LandBridge Co LLC). On growth, LandBridge Co LLC posted the faster year-over-year revenue change (55.6% vs 3.4%). LandBridge Co LLC produced more free cash flow last quarter ($122.0M vs $-1.9M). Over the past eight quarters, LandBridge Co LLC's revenue compounded faster (72.8% CAGR vs 4.2%).
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.
INGN vs LB — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $68.6M | $56.8M |
| Net Profit | — | $8.1M |
| Gross Margin | 51.4% | — |
| Operating Margin | -13.6% | 60.0% |
| Net Margin | — | 14.2% |
| Revenue YoY | 3.4% | 55.6% |
| Net Profit YoY | — | -83.7% |
| EPS (diluted) | $-0.26 | $0.24 |
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 | $56.8M | ||
| Q3 25 | $79.1M | $50.8M | ||
| Q2 25 | $79.2M | $47.5M | ||
| Q1 25 | $68.5M | $44.0M | ||
| Q4 24 | $66.3M | $36.5M | ||
| Q3 24 | $74.9M | $28.5M | ||
| Q2 24 | $74.4M | $26.0M | ||
| Q1 24 | $63.1M | $19.0M |
| Q4 25 | — | $8.1M | ||
| Q3 25 | $-5.3M | $8.1M | ||
| Q2 25 | $-4.2M | $7.5M | ||
| Q1 25 | $-6.2M | $6.5M | ||
| Q4 24 | — | $49.3M | ||
| Q3 24 | $-6.0M | $2.7M | ||
| Q2 24 | $-5.6M | $-57.7M | ||
| Q1 24 | $-14.6M | $10.8M |
| 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% | — |
| Q4 25 | -13.6% | 60.0% | ||
| Q3 25 | -9.0% | 60.8% | ||
| Q2 25 | -7.7% | 60.0% | ||
| Q1 25 | -11.2% | 57.0% | ||
| Q4 24 | -17.2% | 49.4% | ||
| Q3 24 | -10.4% | 11.2% | ||
| Q2 24 | -9.5% | -197.4% | ||
| Q1 24 | -25.8% | 71.1% |
| Q4 25 | — | 14.2% | ||
| Q3 25 | -6.7% | 15.9% | ||
| Q2 25 | -5.2% | 15.8% | ||
| Q1 25 | -9.0% | 14.7% | ||
| Q4 24 | — | 135.2% | ||
| Q3 24 | -8.0% | 9.3% | ||
| Q2 24 | -7.5% | -222.1% | ||
| Q1 24 | -23.1% | 56.7% |
| Q4 25 | $-0.26 | $0.24 | ||
| Q3 25 | $-0.20 | $0.26 | ||
| Q2 25 | $-0.15 | $0.24 | ||
| Q1 25 | $-0.25 | $0.20 | ||
| Q4 24 | $-0.41 | — | ||
| Q3 24 | $-0.25 | $-0.04 | ||
| Q2 24 | $-0.24 | — | ||
| Q1 24 | $-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 | $30.7M |
| Total DebtLower is stronger | — | $570.7M |
| Stockholders' EquityBook value | $192.2M | $340.3M |
| Total Assets | $298.6M | $1.4B |
| Debt / EquityLower = less leverage | — | 1.68× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $103.7M | $30.7M | ||
| Q3 25 | $106.5M | $28.3M | ||
| Q2 25 | $103.7M | $20.3M | ||
| Q1 25 | $118.9M | $14.9M | ||
| Q4 24 | $113.8M | $37.0M | ||
| Q3 24 | $105.7M | $14.4M | ||
| Q2 24 | $97.9M | $24.6M | ||
| Q1 24 | $107.4M | — |
| Q4 25 | — | $570.7M | ||
| Q3 25 | — | $366.1M | ||
| Q2 25 | — | $370.9M | ||
| Q1 25 | — | $375.5M | ||
| Q4 24 | — | $385.5M | ||
| Q3 24 | — | $242.4M | ||
| Q2 24 | — | $360.8M | ||
| Q1 24 | — | — |
| Q4 25 | $192.2M | $340.3M | ||
| Q3 25 | $197.2M | $272.0M | ||
| Q2 25 | $199.5M | $266.4M | ||
| Q1 25 | $198.0M | $217.0M | ||
| Q4 24 | $173.9M | $211.8M | ||
| Q3 24 | $185.4M | $97.2M | ||
| Q2 24 | $187.6M | $296.4M | ||
| Q1 24 | $191.9M | $162.3M |
| Q4 25 | $298.6M | $1.4B | ||
| Q3 25 | $307.0M | $1.1B | ||
| Q2 25 | $312.0M | $1.1B | ||
| Q1 25 | $308.4M | $1.0B | ||
| Q4 24 | $296.2M | $1.0B | ||
| Q3 24 | $306.2M | $689.9M | ||
| Q2 24 | $308.9M | $710.5M | ||
| Q1 24 | $315.6M | — |
| Q4 25 | — | 1.68× | ||
| Q3 25 | — | 1.35× | ||
| Q2 25 | — | 1.39× | ||
| Q1 25 | — | 1.73× | ||
| Q4 24 | — | 1.82× | ||
| Q3 24 | — | 2.49× | ||
| Q2 24 | — | 1.22× | ||
| Q1 24 | — | — |
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 | $-943.0K | $126.3M |
| Free Cash FlowOCF − Capex | $-1.9M | $122.0M |
| FCF MarginFCF / Revenue | -2.8% | 214.9% |
| Capex IntensityCapex / Revenue | 1.4% | 7.5% |
| Cash ConversionOCF / Net Profit | — | 15.68× |
| TTM Free Cash FlowTrailing 4 quarters | $-13.7M | $207.7M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-943.0K | $126.3M | ||
| Q3 25 | $2.2M | $34.9M | ||
| Q2 25 | $4.3M | $37.3M | ||
| Q1 25 | $-16.8M | $15.9M | ||
| Q4 24 | $-3.0M | $67.6M | ||
| Q3 24 | $7.0M | $7.5M | ||
| Q2 24 | $6.7M | $16.0M | ||
| Q1 24 | $-4.7M | $17.2M |
| Q4 25 | $-1.9M | $122.0M | ||
| Q3 25 | $1.6M | $33.7M | ||
| Q2 25 | $3.7M | $36.1M | ||
| Q1 25 | $-17.1M | $15.8M | ||
| Q4 24 | $-3.3M | $66.7M | ||
| Q3 24 | $5.3M | $7.1M | ||
| Q2 24 | $6.6M | $15.7M | ||
| Q1 24 | $-6.1M | $17.1M |
| Q4 25 | -2.8% | 214.9% | ||
| Q3 25 | 2.0% | 66.3% | ||
| Q2 25 | 4.6% | 75.9% | ||
| Q1 25 | -24.9% | 36.0% | ||
| Q4 24 | -5.0% | 182.6% | ||
| Q3 24 | 7.1% | 25.1% | ||
| Q2 24 | 8.9% | 60.4% | ||
| Q1 24 | -9.6% | 90.1% |
| Q4 25 | 1.4% | 7.5% | ||
| Q3 25 | 0.7% | 2.3% | ||
| Q2 25 | 0.9% | 2.6% | ||
| Q1 25 | 0.4% | 0.2% | ||
| Q4 24 | 0.5% | 2.7% | ||
| Q3 24 | 2.2% | 1.1% | ||
| Q2 24 | 0.1% | 1.4% | ||
| Q1 24 | 2.1% | 0.5% |
| Q4 25 | — | 15.68× | ||
| Q3 25 | — | 4.31× | ||
| Q2 25 | — | 4.98× | ||
| Q1 25 | — | 2.46× | ||
| Q4 24 | — | 1.37× | ||
| Q3 24 | — | 2.80× | ||
| Q2 24 | — | — | ||
| Q1 24 | — | 1.60× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
INGN
| Other | $36.1M | 53% |
| Non Us | $32.5M | 47% |
LB
Segment breakdown not available.
