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Side-by-side financial comparison of Inogen Inc (INGN) and STRATASYS LTD. (SSYS). Click either name above to swap in a different company.

STRATASYS LTD. is the larger business by last-quarter revenue ($137.0M vs $68.6M, roughly 2.0× Inogen Inc). On growth, Inogen Inc posted the faster year-over-year revenue change (3.4% vs -2.2%). STRATASYS LTD. produced more free cash flow last quarter ($2.5M vs $-1.9M). Over the past eight quarters, Inogen Inc's revenue compounded faster (4.2% CAGR vs -7.4%).

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.

Stratasys, Ltd. is an American-Israeli manufacturer of 3D printers, software, and materials for polymer additive manufacturing as well as 3D-printed parts on-demand. The company is incorporated in Israel. Engineers use Stratasys systems to model complex geometries in a wide range of polymer materials, including: ABS, polyphenylsulfone (PPSF), polycarbonate (PC), polyetherimide and Nylon 12.

INGN vs SSYS — Head-to-Head

Bigger by revenue
SSYS
SSYS
2.0× larger
SSYS
$137.0M
$68.6M
INGN
Growing faster (revenue YoY)
INGN
INGN
+5.6% gap
INGN
3.4%
-2.2%
SSYS
More free cash flow
SSYS
SSYS
$4.4M more FCF
SSYS
$2.5M
$-1.9M
INGN
Faster 2-yr revenue CAGR
INGN
INGN
Annualised
INGN
4.2%
-7.4%
SSYS

Income Statement — Q4 FY2025 vs Q3 FY2025

Metric
INGN
INGN
SSYS
SSYS
Revenue
$68.6M
$137.0M
Net Profit
$-55.6M
Gross Margin
51.4%
41.0%
Operating Margin
-13.6%
-16.6%
Net Margin
-40.6%
Revenue YoY
3.4%
-2.2%
Net Profit YoY
-109.0%
EPS (diluted)
$-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
INGN
INGN
SSYS
SSYS
Q4 25
$68.6M
Q3 25
$79.1M
$137.0M
Q2 25
$79.2M
$138.1M
Q1 25
$68.5M
$136.0M
Q4 24
$66.3M
Q3 24
$74.9M
$140.0M
Q2 24
$74.4M
$138.0M
Q1 24
$63.1M
$144.1M
Net Profit
INGN
INGN
SSYS
SSYS
Q4 25
Q3 25
$-5.3M
$-55.6M
Q2 25
$-4.2M
$-16.7M
Q1 25
$-6.2M
$-13.1M
Q4 24
Q3 24
$-6.0M
$-26.6M
Q2 24
$-5.6M
$-25.7M
Q1 24
$-14.6M
$-26.0M
Gross Margin
INGN
INGN
SSYS
SSYS
Q4 25
51.4%
Q3 25
52.2%
41.0%
Q2 25
52.2%
43.1%
Q1 25
53.1%
44.3%
Q4 24
54.7%
Q3 24
55.2%
44.8%
Q2 24
57.4%
43.8%
Q1 24
54.5%
44.4%
Operating Margin
INGN
INGN
SSYS
SSYS
Q4 25
-13.6%
Q3 25
-9.0%
-16.6%
Q2 25
-7.7%
-12.0%
Q1 25
-11.2%
-9.1%
Q4 24
-17.2%
Q3 24
-10.4%
-18.2%
Q2 24
-9.5%
-18.9%
Q1 24
-25.8%
-17.0%
Net Margin
INGN
INGN
SSYS
SSYS
Q4 25
Q3 25
-6.7%
-40.6%
Q2 25
-5.2%
-12.1%
Q1 25
-9.0%
-9.6%
Q4 24
Q3 24
-8.0%
-19.0%
Q2 24
-7.5%
-18.6%
Q1 24
-23.1%
-18.0%
EPS (diluted)
INGN
INGN
SSYS
SSYS
Q4 25
$-0.26
Q3 25
$-0.20
Q2 25
$-0.15
Q1 25
$-0.25
Q4 24
$-0.41
Q3 24
$-0.25
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
INGN
INGN
SSYS
SSYS
Cash + ST InvestmentsLiquidity on hand
$103.7M
$71.5M
Total DebtLower is stronger
Stockholders' EquityBook value
$192.2M
$852.5M
Total Assets
$298.6M
$1.1B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
INGN
INGN
SSYS
SSYS
Q4 25
$103.7M
Q3 25
$106.5M
$71.5M
Q2 25
$103.7M
$71.1M
Q1 25
$118.9M
$70.1M
Q4 24
$113.8M
Q3 24
$105.7M
$64.0M
Q2 24
$97.9M
$70.9M
Q1 24
$107.4M
$91.1M
Stockholders' Equity
INGN
INGN
SSYS
SSYS
Q4 25
$192.2M
Q3 25
$197.2M
$852.5M
Q2 25
$199.5M
$902.4M
Q1 25
$198.0M
$784.8M
Q4 24
$173.9M
Q3 24
$185.4M
$831.8M
Q2 24
$187.6M
$850.5M
Q1 24
$191.9M
$866.1M
Total Assets
INGN
INGN
SSYS
SSYS
Q4 25
$298.6M
Q3 25
$307.0M
$1.1B
Q2 25
$312.0M
$1.1B
Q1 25
$308.4M
$1.0B
Q4 24
$296.2M
Q3 24
$306.2M
$1.1B
Q2 24
$308.9M
$1.1B
Q1 24
$315.6M
$1.1B

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
SSYS
SSYS
Operating Cash FlowLast quarter
$-943.0K
$6.9M
Free Cash FlowOCF − Capex
$-1.9M
$2.5M
FCF MarginFCF / Revenue
-2.8%
1.8%
Capex IntensityCapex / Revenue
1.4%
3.2%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-13.7M
$-11.5M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
INGN
INGN
SSYS
SSYS
Q4 25
$-943.0K
Q3 25
$2.2M
$6.9M
Q2 25
$4.3M
$-1.1M
Q1 25
$-16.8M
$4.5M
Q4 24
$-3.0M
Q3 24
$7.0M
$-4.5M
Q2 24
$6.7M
$-2.4M
Q1 24
$-4.7M
$7.3M
Free Cash Flow
INGN
INGN
SSYS
SSYS
Q4 25
$-1.9M
Q3 25
$1.6M
$2.5M
Q2 25
$3.7M
$-8.4M
Q1 25
$-17.1M
$789.0K
Q4 24
$-3.3M
Q3 24
$5.3M
$-6.3M
Q2 24
$6.6M
$-4.9M
Q1 24
$-6.1M
$5.0M
FCF Margin
INGN
INGN
SSYS
SSYS
Q4 25
-2.8%
Q3 25
2.0%
1.8%
Q2 25
4.6%
-6.1%
Q1 25
-24.9%
0.6%
Q4 24
-5.0%
Q3 24
7.1%
-4.5%
Q2 24
8.9%
-3.6%
Q1 24
-9.6%
3.5%
Capex Intensity
INGN
INGN
SSYS
SSYS
Q4 25
1.4%
Q3 25
0.7%
3.2%
Q2 25
0.9%
5.3%
Q1 25
0.4%
2.8%
Q4 24
0.5%
Q3 24
2.2%
1.3%
Q2 24
0.1%
1.8%
Q1 24
2.1%
1.6%

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%

SSYS
SSYS

Segment breakdown not available.

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