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Side-by-side financial comparison of Inogen Inc (INGN) and NPK International Inc. (NPKI). Click either name above to swap in a different company.
NPK International Inc. is the larger business by last-quarter revenue ($75.2M vs $68.6M, roughly 1.1× Inogen Inc). On growth, NPK International Inc. posted the faster year-over-year revenue change (30.7% vs 3.4%). NPK International Inc. produced more free cash flow last quarter ($5.8M vs $-1.9M). Over the past eight quarters, NPK International Inc.'s revenue compounded faster (23.9% 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 NPKI — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $68.6M | $75.2M |
| Net Profit | — | — |
| Gross Margin | 51.4% | 37.7% |
| Operating Margin | -13.6% | 16.7% |
| Net Margin | — | — |
| Revenue YoY | 3.4% | 30.7% |
| Net Profit YoY | — | — |
| EPS (diluted) | $-0.26 | $0.17 |
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 | $75.2M | ||
| Q3 25 | $79.1M | $68.8M | ||
| Q2 25 | $79.2M | $68.2M | ||
| Q1 25 | $68.5M | $64.8M | ||
| Q4 24 | $66.3M | $57.5M | ||
| Q3 24 | $74.9M | $44.2M | ||
| Q2 24 | $74.4M | $66.8M | ||
| Q1 24 | $63.1M | $49.0M |
| Q4 25 | — | — | ||
| Q3 25 | $-5.3M | $5.7M | ||
| Q2 25 | $-4.2M | $8.7M | ||
| Q1 25 | $-6.2M | $10.0M | ||
| Q4 24 | — | — | ||
| Q3 24 | $-6.0M | $-174.3M | ||
| Q2 24 | $-5.6M | $8.0M | ||
| Q1 24 | $-14.6M | $7.3M |
| Q4 25 | 51.4% | 37.7% | ||
| Q3 25 | 52.2% | 31.9% | ||
| Q2 25 | 52.2% | 36.9% | ||
| Q1 25 | 53.1% | 39.0% | ||
| Q4 24 | 54.7% | 39.2% | ||
| Q3 24 | 55.2% | 27.5% | ||
| Q2 24 | 57.4% | 37.2% | ||
| Q1 24 | 54.5% | 36.0% |
| Q4 25 | -13.6% | 16.7% | ||
| Q3 25 | -9.0% | 13.2% | ||
| Q2 25 | -7.7% | 17.0% | ||
| Q1 25 | -11.2% | 20.9% | ||
| Q4 24 | -17.2% | 20.2% | ||
| Q3 24 | -10.4% | 2.8% | ||
| Q2 24 | -9.5% | 18.7% | ||
| Q1 24 | -25.8% | 14.2% |
| Q4 25 | — | — | ||
| Q3 25 | -6.7% | 8.2% | ||
| Q2 25 | -5.2% | 12.7% | ||
| Q1 25 | -9.0% | 15.4% | ||
| Q4 24 | — | — | ||
| Q3 24 | -8.0% | -394.3% | ||
| Q2 24 | -7.5% | 12.0% | ||
| Q1 24 | -23.1% | 14.9% |
| Q4 25 | $-0.26 | $0.17 | ||
| Q3 25 | $-0.20 | $0.07 | ||
| Q2 25 | $-0.15 | $0.10 | ||
| Q1 25 | $-0.25 | $0.11 | ||
| Q4 24 | $-0.41 | $0.10 | ||
| Q3 24 | $-0.25 | $-1.99 | ||
| Q2 24 | $-0.24 | $0.09 | ||
| Q1 24 | $-0.62 | $0.08 |
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 | $5.1M |
| Total DebtLower is stronger | — | $16.9M |
| Stockholders' EquityBook value | $192.2M | $351.2M |
| Total Assets | $298.6M | $441.8M |
| Debt / EquityLower = less leverage | — | 0.05× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $103.7M | $5.1M | ||
| Q3 25 | $106.5M | $35.6M | ||
| Q2 25 | $103.7M | $26.0M | ||
| Q1 25 | $118.9M | $20.8M | ||
| Q4 24 | $113.8M | $17.8M | ||
| Q3 24 | $105.7M | $42.9M | ||
| Q2 24 | $97.9M | $35.1M | ||
| Q1 24 | $107.4M | $37.7M |
| Q4 25 | — | $16.9M | ||
| Q3 25 | — | $9.5M | ||
| Q2 25 | — | $9.3M | ||
| Q1 25 | — | $8.1M | ||
| Q4 24 | — | $7.7M | ||
| Q3 24 | — | $14.0M | ||
| Q2 24 | — | $58.0M | ||
| Q1 24 | — | $77.4M |
| Q4 25 | $192.2M | $351.2M | ||
| Q3 25 | $197.2M | $333.9M | ||
| Q2 25 | $199.5M | $328.8M | ||
| Q1 25 | $198.0M | $326.9M | ||
| Q4 24 | $173.9M | $326.5M | ||
| Q3 24 | $185.4M | $316.5M | ||
| Q2 24 | $187.6M | $426.6M | ||
| Q1 24 | $191.9M | $421.6M |
| Q4 25 | $298.6M | $441.8M | ||
| Q3 25 | $307.0M | $404.5M | ||
| Q2 25 | $312.0M | $393.7M | ||
| Q1 25 | $308.4M | $390.0M | ||
| Q4 24 | $296.2M | $393.7M | ||
| Q3 24 | $306.2M | $389.6M | ||
| Q2 24 | $308.9M | $624.8M | ||
| Q1 24 | $315.6M | $640.8M |
| Q4 25 | — | 0.05× | ||
| Q3 25 | — | 0.03× | ||
| Q2 25 | — | 0.03× | ||
| Q1 25 | — | 0.02× | ||
| Q4 24 | — | 0.02× | ||
| Q3 24 | — | 0.04× | ||
| Q2 24 | — | 0.14× | ||
| Q1 24 | — | 0.18× |
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 | $18.0M |
| Free Cash FlowOCF − Capex | $-1.9M | $5.8M |
| FCF MarginFCF / Revenue | -2.8% | 7.6% |
| Capex IntensityCapex / Revenue | 1.4% | 16.3% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $-13.7M | $26.3M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-943.0K | $18.0M | ||
| Q3 25 | $2.2M | $24.7M | ||
| Q2 25 | $4.3M | $21.4M | ||
| Q1 25 | $-16.8M | $8.8M | ||
| Q4 24 | $-3.0M | $-4.1M | ||
| Q3 24 | $7.0M | $2.8M | ||
| Q2 24 | $6.7M | $27.6M | ||
| Q1 24 | $-4.7M | $11.9M |
| Q4 25 | $-1.9M | $5.8M | ||
| Q3 25 | $1.6M | $12.0M | ||
| Q2 25 | $3.7M | $9.7M | ||
| Q1 25 | $-17.1M | $-1.2M | ||
| Q4 24 | $-3.3M | $-17.7M | ||
| Q3 24 | $5.3M | $-6.7M | ||
| Q2 24 | $6.6M | $21.0M | ||
| Q1 24 | $-6.1M | $-1.9M |
| Q4 25 | -2.8% | 7.6% | ||
| Q3 25 | 2.0% | 17.4% | ||
| Q2 25 | 4.6% | 14.3% | ||
| Q1 25 | -24.9% | -1.8% | ||
| Q4 24 | -5.0% | -30.8% | ||
| Q3 24 | 7.1% | -15.2% | ||
| Q2 24 | 8.9% | 31.4% | ||
| Q1 24 | -9.6% | -3.9% |
| Q4 25 | 1.4% | 16.3% | ||
| Q3 25 | 0.7% | 18.5% | ||
| Q2 25 | 0.9% | 17.1% | ||
| Q1 25 | 0.4% | 15.5% | ||
| Q4 24 | 0.5% | 23.6% | ||
| Q3 24 | 2.2% | 21.4% | ||
| Q2 24 | 0.1% | 9.9% | ||
| Q1 24 | 2.1% | 28.3% |
| Q4 25 | — | — | ||
| Q3 25 | — | 4.37× | ||
| Q2 25 | — | 2.47× | ||
| Q1 25 | — | 0.88× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | 3.43× | ||
| Q1 24 | — | 1.64× |
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% |
NPKI
| Rental Revenue | $34.8M | 46% |
| Products | $25.5M | 34% |
| Services | $14.9M | 20% |
