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Side-by-side financial comparison of Inogen Inc (INGN) and SmartRent, Inc. (SMRT). Click either name above to swap in a different company.
Inogen Inc is the larger business by last-quarter revenue ($68.6M vs $36.5M, roughly 1.9× SmartRent, Inc.). On growth, Inogen Inc posted the faster year-over-year revenue change (3.4% vs 3.1%). SmartRent, Inc. produced more free cash flow last quarter ($7.7M vs $-1.9M). Over the past eight quarters, Inogen Inc's revenue compounded faster (4.2% CAGR vs -15.0%).
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.
Budget Rent a Car System, Inc. is an American car rental company that was founded in 1958 in Los Angeles, California by Morris Mirkin. Budget is a subsidiary of the Avis Budget Group, with its operations headquartered in Parsippany, New Jersey.
INGN vs SMRT — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $68.6M | $36.5M |
| Net Profit | — | $-3.2M |
| Gross Margin | 51.4% | 38.6% |
| Operating Margin | -13.6% | -10.9% |
| Net Margin | — | -8.9% |
| Revenue YoY | 3.4% | 3.1% |
| Net Profit YoY | — | 71.6% |
| EPS (diluted) | $-0.26 | $-0.02 |
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 | $36.5M | ||
| Q3 25 | $79.1M | $36.2M | ||
| Q2 25 | $79.2M | $38.3M | ||
| Q1 25 | $68.5M | $41.3M | ||
| Q4 24 | $66.3M | $35.4M | ||
| Q3 24 | $74.9M | $40.5M | ||
| Q2 24 | $74.4M | $48.5M | ||
| Q1 24 | $63.1M | $50.5M |
| Q4 25 | — | $-3.2M | ||
| Q3 25 | $-5.3M | $-6.3M | ||
| Q2 25 | $-4.2M | $-10.9M | ||
| Q1 25 | $-6.2M | $-40.2M | ||
| Q4 24 | — | $-11.4M | ||
| Q3 24 | $-6.0M | $-9.9M | ||
| Q2 24 | $-5.6M | $-4.6M | ||
| Q1 24 | $-14.6M | $-7.7M |
| Q4 25 | 51.4% | 38.6% | ||
| Q3 25 | 52.2% | 26.4% | ||
| Q2 25 | 52.2% | 33.1% | ||
| Q1 25 | 53.1% | 32.8% | ||
| Q4 24 | 54.7% | 28.7% | ||
| Q3 24 | 55.2% | 33.2% | ||
| Q2 24 | 57.4% | 35.7% | ||
| Q1 24 | 54.5% | 38.5% |
| Q4 25 | -13.6% | -10.9% | ||
| Q3 25 | -9.0% | -19.4% | ||
| Q2 25 | -7.7% | -30.5% | ||
| Q1 25 | -11.2% | -99.9% | ||
| Q4 24 | -17.2% | -36.6% | ||
| Q3 24 | -10.4% | -29.0% | ||
| Q2 24 | -9.5% | -14.3% | ||
| Q1 24 | -25.8% | -20.1% |
| Q4 25 | — | -8.9% | ||
| Q3 25 | -6.7% | -17.3% | ||
| Q2 25 | -5.2% | -28.3% | ||
| Q1 25 | -9.0% | -97.2% | ||
| Q4 24 | — | -32.3% | ||
| Q3 24 | -8.0% | -24.5% | ||
| Q2 24 | -7.5% | -9.5% | ||
| Q1 24 | -23.1% | -15.2% |
| Q4 25 | $-0.26 | $-0.02 | ||
| Q3 25 | $-0.20 | $-0.03 | ||
| Q2 25 | $-0.15 | $-0.06 | ||
| Q1 25 | $-0.25 | $-0.21 | ||
| Q4 24 | $-0.41 | $-0.06 | ||
| Q3 24 | $-0.25 | $-0.05 | ||
| Q2 24 | $-0.24 | $-0.02 | ||
| Q1 24 | $-0.62 | $-0.04 |
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 | $104.5M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $192.2M | $232.1M |
| Total Assets | $298.6M | $320.9M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $103.7M | $104.5M | ||
| Q3 25 | $106.5M | $100.0M | ||
| Q2 25 | $103.7M | $105.0M | ||
| Q1 25 | $118.9M | $125.6M | ||
| Q4 24 | $113.8M | $142.5M | ||
| Q3 24 | $105.7M | $163.4M | ||
| Q2 24 | $97.9M | $187.4M | ||
| Q1 24 | $107.4M | $204.7M |
| Q4 25 | $192.2M | $232.1M | ||
| Q3 25 | $197.2M | $234.4M | ||
| Q2 25 | $199.5M | $238.8M | ||
| Q1 25 | $198.0M | $250.7M | ||
| Q4 24 | $173.9M | $289.4M | ||
| Q3 24 | $185.4M | $305.1M | ||
| Q2 24 | $187.6M | $329.4M | ||
| Q1 24 | $191.9M | $333.1M |
| Q4 25 | $298.6M | $320.9M | ||
| Q3 25 | $307.0M | $335.8M | ||
| Q2 25 | $312.0M | $354.0M | ||
| Q1 25 | $308.4M | $366.1M | ||
| Q4 24 | $296.2M | $420.2M | ||
| Q3 24 | $306.2M | $448.6M | ||
| Q2 24 | $308.9M | $475.3M | ||
| Q1 24 | $315.6M | $485.5M |
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 | $7.7M |
| Free Cash FlowOCF − Capex | $-1.9M | $7.7M |
| FCF MarginFCF / Revenue | -2.8% | 21.0% |
| Capex IntensityCapex / Revenue | 1.4% | 0.0% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $-13.7M | $-25.1M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-943.0K | $7.7M | ||
| Q3 25 | $2.2M | $-2.1M | ||
| Q2 25 | $4.3M | $-14.9M | ||
| Q1 25 | $-16.8M | $-12.2M | ||
| Q4 24 | $-3.0M | $-12.0M | ||
| Q3 24 | $7.0M | $-3.7M | ||
| Q2 24 | $6.7M | $-13.9M | ||
| Q1 24 | $-4.7M | $-3.3M |
| Q4 25 | $-1.9M | $7.7M | ||
| Q3 25 | $1.6M | $-2.2M | ||
| Q2 25 | $3.7M | $-16.2M | ||
| Q1 25 | $-17.1M | $-14.3M | ||
| Q4 24 | $-3.3M | $-13.3M | ||
| Q3 24 | $5.3M | $-3.9M | ||
| Q2 24 | $6.6M | $-14.1M | ||
| Q1 24 | $-6.1M | $-3.4M |
| Q4 25 | -2.8% | 21.0% | ||
| Q3 25 | 2.0% | -6.1% | ||
| Q2 25 | 4.6% | -42.3% | ||
| Q1 25 | -24.9% | -34.7% | ||
| Q4 24 | -5.0% | -37.5% | ||
| Q3 24 | 7.1% | -9.7% | ||
| Q2 24 | 8.9% | -29.1% | ||
| Q1 24 | -9.6% | -6.7% |
| Q4 25 | 1.4% | 0.0% | ||
| Q3 25 | 0.7% | 0.2% | ||
| Q2 25 | 0.9% | 3.3% | ||
| Q1 25 | 0.4% | 5.3% | ||
| Q4 24 | 0.5% | 3.5% | ||
| Q3 24 | 2.2% | 0.6% | ||
| Q2 24 | 0.1% | 0.5% | ||
| Q1 24 | 2.1% | 0.1% |
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% |
SMRT
| Hosted Services | $18.1M | 50% |
| Hardware Service | $12.5M | 34% |
| Smart Operations Solutions | $2.6M | 7% |
| Access Control | $2.0M | 5% |
| Other Smart Communities Solutions | $1.3M | 3% |
