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Side-by-side financial comparison of Inogen Inc (INGN) and NATHANS FAMOUS, INC. (NATH). Click either name above to swap in a different company.

Inogen Inc is the larger business by last-quarter revenue ($68.6M vs $34.3M, roughly 2.0× NATHANS FAMOUS, INC.). On growth, NATHANS FAMOUS, INC. posted the faster year-over-year revenue change (8.9% vs 3.4%). NATHANS FAMOUS, INC. produced more free cash flow last quarter ($5.7M vs $-1.9M). Over the past eight quarters, NATHANS FAMOUS, INC.'s revenue compounded faster (8.8% 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.

Nathan's Famous, Inc., is an American company that operates a chain of fast-food restaurants specializing in hot dogs. The original Nathan's restaurant stands at the corner of Surf and Stillwell avenues in the Coney Island neighborhood of Brooklyn, New York City. Its restaurants are primarily in the Northeastern United States. The company's headquarters are at One Jericho Plaza in Jericho, part of Oyster Bay, New York.

INGN vs NATH — Head-to-Head

Bigger by revenue
INGN
INGN
2.0× larger
INGN
$68.6M
$34.3M
NATH
Growing faster (revenue YoY)
NATH
NATH
+5.4% gap
NATH
8.9%
3.4%
INGN
More free cash flow
NATH
NATH
$7.6M more FCF
NATH
$5.7M
$-1.9M
INGN
Faster 2-yr revenue CAGR
NATH
NATH
Annualised
NATH
8.8%
4.2%
INGN

Income Statement — Q4 FY2025 vs Q3 FY2026

Metric
INGN
INGN
NATH
NATH
Revenue
$68.6M
$34.3M
Net Profit
$3.1M
Gross Margin
51.4%
32.6%
Operating Margin
-13.6%
14.9%
Net Margin
9.0%
Revenue YoY
3.4%
8.9%
Net Profit YoY
-31.2%
EPS (diluted)
$-0.26
$0.75

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
INGN
INGN
NATH
NATH
Q4 25
$68.6M
$34.3M
Q3 25
$79.1M
$45.7M
Q2 25
$79.2M
$47.0M
Q1 25
$68.5M
$30.8M
Q4 24
$66.3M
$31.5M
Q3 24
$74.9M
$41.1M
Q2 24
$74.4M
$44.8M
Q1 24
$63.1M
$29.0M
Net Profit
INGN
INGN
NATH
NATH
Q4 25
$3.1M
Q3 25
$-5.3M
$5.2M
Q2 25
$-4.2M
$8.9M
Q1 25
$-6.2M
$4.2M
Q4 24
$4.5M
Q3 24
$-6.0M
$6.0M
Q2 24
$-5.6M
$9.3M
Q1 24
$-14.6M
$3.9M
Gross Margin
INGN
INGN
NATH
NATH
Q4 25
51.4%
32.6%
Q3 25
52.2%
29.1%
Q2 25
52.2%
39.5%
Q1 25
53.1%
38.7%
Q4 24
54.7%
37.9%
Q3 24
55.2%
36.7%
Q2 24
57.4%
43.6%
Q1 24
54.5%
43.3%
Operating Margin
INGN
INGN
NATH
NATH
Q4 25
-13.6%
14.9%
Q3 25
-9.0%
16.4%
Q2 25
-7.7%
27.2%
Q1 25
-11.2%
20.7%
Q4 24
-17.2%
21.4%
Q3 24
-10.4%
23.4%
Q2 24
-9.5%
30.7%
Q1 24
-25.8%
23.5%
Net Margin
INGN
INGN
NATH
NATH
Q4 25
9.0%
Q3 25
-6.7%
11.4%
Q2 25
-5.2%
19.0%
Q1 25
-9.0%
13.8%
Q4 24
14.2%
Q3 24
-8.0%
14.7%
Q2 24
-7.5%
20.7%
Q1 24
-23.1%
13.5%
EPS (diluted)
INGN
INGN
NATH
NATH
Q4 25
$-0.26
$0.75
Q3 25
$-0.20
$1.26
Q2 25
$-0.15
$2.16
Q1 25
$-0.25
$1.03
Q4 24
$-0.41
$1.10
Q3 24
$-0.25
$1.47
Q2 24
$-0.24
$2.27
Q1 24
$-0.62
$0.95

Balance Sheet & Financial Strength

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

Metric
INGN
INGN
NATH
NATH
Cash + ST InvestmentsLiquidity on hand
$103.7M
$24.5M
Total DebtLower is stronger
$48.7M
Stockholders' EquityBook value
$192.2M
$-15.3M
Total Assets
$298.6M
$50.9M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
INGN
INGN
NATH
NATH
Q4 25
$103.7M
$24.5M
Q3 25
$106.5M
$32.2M
Q2 25
$103.7M
$26.9M
Q1 25
$118.9M
$27.8M
Q4 24
$113.8M
$23.7M
Q3 24
$105.7M
$31.2M
Q2 24
$97.9M
$26.0M
Q1 24
$107.4M
$21.0M
Total Debt
INGN
INGN
NATH
NATH
Q4 25
$48.7M
Q3 25
$49.3M
Q2 25
$49.9M
Q1 25
$50.5M
Q4 24
$51.1M
Q3 24
$59.6M
Q2 24
Q1 24
$59.6M
Stockholders' Equity
INGN
INGN
NATH
NATH
Q4 25
$192.2M
$-15.3M
Q3 25
$197.2M
$-5.9M
Q2 25
$199.5M
$-9.3M
Q1 25
$198.0M
$-16.5M
Q4 24
$173.9M
$-19.0M
Q3 24
$185.4M
$-21.3M
Q2 24
$187.6M
$-25.5M
Q1 24
$191.9M
$-32.9M
Total Assets
INGN
INGN
NATH
NATH
Q4 25
$298.6M
$50.9M
Q3 25
$307.0M
$62.9M
Q2 25
$312.0M
$63.4M
Q1 25
$308.4M
$53.5M
Q4 24
$296.2M
$48.7M
Q3 24
$306.2M
$57.7M
Q2 24
$308.9M
$58.5M
Q1 24
$315.6M
$48.9M

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
INGN
INGN
NATH
NATH
Operating Cash FlowLast quarter
$-943.0K
$5.8M
Free Cash FlowOCF − Capex
$-1.9M
$5.7M
FCF MarginFCF / Revenue
-2.8%
16.6%
Capex IntensityCapex / Revenue
1.4%
0.2%
Cash ConversionOCF / Net Profit
1.87×
TTM Free Cash FlowTrailing 4 quarters
$-13.7M
$22.1M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
INGN
INGN
NATH
NATH
Q4 25
$-943.0K
$5.8M
Q3 25
$2.2M
$10.2M
Q2 25
$4.3M
$-220.0K
Q1 25
$-16.8M
$6.8M
Q4 24
$-3.0M
$3.6M
Q3 24
$7.0M
$9.8M
Q2 24
$6.7M
$5.0M
Q1 24
$-4.7M
$6.4M
Free Cash Flow
INGN
INGN
NATH
NATH
Q4 25
$-1.9M
$5.7M
Q3 25
$1.6M
$10.0M
Q2 25
$3.7M
$-335.0K
Q1 25
$-17.1M
$6.7M
Q4 24
$-3.3M
$3.6M
Q3 24
$5.3M
$9.7M
Q2 24
$6.6M
$5.0M
Q1 24
$-6.1M
$6.3M
FCF Margin
INGN
INGN
NATH
NATH
Q4 25
-2.8%
16.6%
Q3 25
2.0%
21.9%
Q2 25
4.6%
-0.7%
Q1 25
-24.9%
21.9%
Q4 24
-5.0%
11.4%
Q3 24
7.1%
23.7%
Q2 24
8.9%
11.1%
Q1 24
-9.6%
21.9%
Capex Intensity
INGN
INGN
NATH
NATH
Q4 25
1.4%
0.2%
Q3 25
0.7%
0.4%
Q2 25
0.9%
0.2%
Q1 25
0.4%
0.2%
Q4 24
0.5%
0.1%
Q3 24
2.2%
0.2%
Q2 24
0.1%
0.1%
Q1 24
2.1%
0.2%
Cash Conversion
INGN
INGN
NATH
NATH
Q4 25
1.87×
Q3 25
1.95×
Q2 25
-0.02×
Q1 25
1.60×
Q4 24
0.81×
Q3 24
1.63×
Q2 24
0.54×
Q1 24
1.64×

Financial Flow Comparison

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

Revenue Breakdown by Segment

INGN
INGN

Other$36.1M53%
Non Us$32.5M47%

NATH
NATH

Branded Product Program$23.7M69%
Product Licensing$7.4M22%
Company Operated Restaurants$1.6M5%
Franchise Fees And Royalties$1.0M3%

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