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Side-by-side financial comparison of Inogen Inc (INGN) and SMITH & WESSON BRANDS, INC. (SWBI). Click either name above to swap in a different company.
SMITH & WESSON BRANDS, INC. is the larger business by last-quarter revenue ($124.7M vs $68.6M, roughly 1.8× Inogen Inc). On growth, Inogen Inc posted the faster year-over-year revenue change (3.4% vs -3.9%). SMITH & WESSON BRANDS, INC. produced more free cash flow last quarter ($16.3M vs $-1.9M). Over the past eight quarters, Inogen Inc's revenue compounded faster (4.2% CAGR vs -4.8%).
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.
Smith & Wesson Brands, Inc. (S&W) is an American firearm manufacturer headquartered in Maryville, Tennessee, United States.
INGN vs SWBI — Head-to-Head
Income Statement — Q4 FY2025 vs Q2 FY2026
| Metric | | |
|---|---|---|
| Revenue | $68.6M | $124.7M |
| Net Profit | — | $1.9M |
| Gross Margin | 51.4% | 24.3% |
| Operating Margin | -13.6% | 3.3% |
| Net Margin | — | 1.5% |
| Revenue YoY | 3.4% | -3.9% |
| Net Profit YoY | — | -53.6% |
| EPS (diluted) | $-0.26 | $0.04 |
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 | $124.7M | ||
| Q3 25 | $79.1M | $85.1M | ||
| Q2 25 | $79.2M | $140.8M | ||
| Q1 25 | $68.5M | $115.9M | ||
| Q4 24 | $66.3M | $129.7M | ||
| Q3 24 | $74.9M | $88.3M | ||
| Q2 24 | $74.4M | $159.1M | ||
| Q1 24 | $63.1M | $137.5M |
| Q4 25 | — | $1.9M | ||
| Q3 25 | $-5.3M | $-3.4M | ||
| Q2 25 | $-4.2M | $8.6M | ||
| Q1 25 | $-6.2M | $2.1M | ||
| Q4 24 | — | $4.5M | ||
| Q3 24 | $-6.0M | $-1.9M | ||
| Q2 24 | $-5.6M | $27.9M | ||
| Q1 24 | $-14.6M | $7.9M |
| Q4 25 | 51.4% | 24.3% | ||
| Q3 25 | 52.2% | 25.9% | ||
| Q2 25 | 52.2% | 28.8% | ||
| Q1 25 | 53.1% | 24.1% | ||
| Q4 24 | 54.7% | 26.6% | ||
| Q3 24 | 55.2% | 27.4% | ||
| Q2 24 | 57.4% | 35.5% | ||
| Q1 24 | 54.5% | 28.7% |
| Q4 25 | -13.6% | 3.3% | ||
| Q3 25 | -9.0% | -3.5% | ||
| Q2 25 | -7.7% | 9.3% | ||
| Q1 25 | -11.2% | 4.1% | ||
| Q4 24 | -17.2% | 5.8% | ||
| Q3 24 | -10.4% | -1.7% | ||
| Q2 24 | -9.5% | 17.4% | ||
| Q1 24 | -25.8% | 8.2% |
| Q4 25 | — | 1.5% | ||
| Q3 25 | -6.7% | -4.0% | ||
| Q2 25 | -5.2% | 6.1% | ||
| Q1 25 | -9.0% | 1.8% | ||
| Q4 24 | — | 3.5% | ||
| Q3 24 | -8.0% | -2.1% | ||
| Q2 24 | -7.5% | 17.5% | ||
| Q1 24 | -23.1% | 5.7% |
| Q4 25 | $-0.26 | $0.04 | ||
| Q3 25 | $-0.20 | $-0.08 | ||
| Q2 25 | $-0.15 | $0.19 | ||
| Q1 25 | $-0.25 | $0.05 | ||
| Q4 24 | $-0.41 | $0.10 | ||
| Q3 24 | $-0.25 | $-0.04 | ||
| Q2 24 | $-0.24 | $0.60 | ||
| Q1 24 | $-0.62 | $0.17 |
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 | $22.4M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $192.2M | $363.2M |
| Total Assets | $298.6M | $548.6M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $103.7M | $22.4M | ||
| Q3 25 | $106.5M | $18.0M | ||
| Q2 25 | $103.7M | $25.2M | ||
| Q1 25 | $118.9M | $26.7M | ||
| Q4 24 | $113.8M | $39.1M | ||
| Q3 24 | $105.7M | $35.5M | ||
| Q2 24 | $97.9M | $60.8M | ||
| Q1 24 | $107.4M | $47.4M |
| Q4 25 | $192.2M | $363.2M | ||
| Q3 25 | $197.2M | $364.4M | ||
| Q2 25 | $199.5M | $372.5M | ||
| Q1 25 | $198.0M | $366.9M | ||
| Q4 24 | $173.9M | $371.5M | ||
| Q3 24 | $185.4M | $380.0M | ||
| Q2 24 | $187.6M | $399.9M | ||
| Q1 24 | $191.9M | $376.4M |
| Q4 25 | $298.6M | $548.6M | ||
| Q3 25 | $307.0M | $554.6M | ||
| Q2 25 | $312.0M | $559.6M | ||
| Q1 25 | $308.4M | $578.9M | ||
| Q4 24 | $296.2M | $587.4M | ||
| Q3 24 | $306.2M | $571.3M | ||
| Q2 24 | $308.9M | $577.4M | ||
| Q1 24 | $315.6M | $570.6M |
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 | $27.3M |
| Free Cash FlowOCF − Capex | $-1.9M | $16.3M |
| FCF MarginFCF / Revenue | -2.8% | 13.1% |
| Capex IntensityCapex / Revenue | 1.4% | 8.8% |
| Cash ConversionOCF / Net Profit | — | 14.22× |
| TTM Free Cash FlowTrailing 4 quarters | $-13.7M | $21.3M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-943.0K | $27.3M | ||
| Q3 25 | $2.2M | $-8.1M | ||
| Q2 25 | $4.3M | $40.8M | ||
| Q1 25 | $-16.8M | $-9.8M | ||
| Q4 24 | $-3.0M | $-7.4M | ||
| Q3 24 | $7.0M | $-30.8M | ||
| Q2 24 | $6.7M | $43.7M | ||
| Q1 24 | $-4.7M | $25.2M |
| Q4 25 | $-1.9M | $16.3M | ||
| Q3 25 | $1.6M | $-12.4M | ||
| Q2 25 | $3.7M | $33.5M | ||
| Q1 25 | $-17.1M | $-16.1M | ||
| Q4 24 | $-3.3M | $-10.7M | ||
| Q3 24 | $5.3M | $-35.5M | ||
| Q2 24 | $6.6M | $38.2M | ||
| Q1 24 | $-6.1M | $7.0M |
| Q4 25 | -2.8% | 13.1% | ||
| Q3 25 | 2.0% | -14.6% | ||
| Q2 25 | 4.6% | 23.8% | ||
| Q1 25 | -24.9% | -13.9% | ||
| Q4 24 | -5.0% | -8.3% | ||
| Q3 24 | 7.1% | -40.2% | ||
| Q2 24 | 8.9% | 24.0% | ||
| Q1 24 | -9.6% | 5.1% |
| Q4 25 | 1.4% | 8.8% | ||
| Q3 25 | 0.7% | 5.0% | ||
| Q2 25 | 0.9% | 5.2% | ||
| Q1 25 | 0.4% | 5.4% | ||
| Q4 24 | 0.5% | 2.5% | ||
| Q3 24 | 2.2% | 5.3% | ||
| Q2 24 | 0.1% | 3.5% | ||
| Q1 24 | 2.1% | 13.2% |
| Q4 25 | — | 14.22× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | 4.73× | ||
| Q1 25 | — | -4.68× | ||
| Q4 24 | — | -1.63× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | 1.57× | ||
| Q1 24 | — | 3.20× |
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% |
SWBI
Segment breakdown not available.
