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Side-by-side financial comparison of Inogen Inc (INGN) and Target Hospitality Corp. (TH). Click either name above to swap in a different company.
Target Hospitality Corp. is the larger business by last-quarter revenue ($73.5M vs $68.6M, roughly 1.1× Inogen Inc). On growth, Target Hospitality Corp. posted the faster year-over-year revenue change (22.0% vs 3.4%). Over the past eight quarters, Inogen Inc's revenue compounded faster (4.2% CAGR vs 0.7%).
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.
Target Hospitality is a company that provides workforce lodging and other temporary, modular housing used for oil, gas and mining operations; large-scale events; and disaster relief. Target Hospitality is based in The Woodlands, Texas, and also has offices in Williston, North Dakota; Denver, Colorado; Calgary, Alberta.
INGN vs TH — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $68.6M | $73.5M |
| Net Profit | — | $-14.9M |
| Gross Margin | 51.4% | 9.6% |
| Operating Margin | -13.6% | -22.9% |
| Net Margin | — | -20.3% |
| Revenue YoY | 3.4% | 22.0% |
| Net Profit YoY | — | -219.1% |
| EPS (diluted) | $-0.26 | $-0.14 |
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 | $73.5M | ||
| Q3 25 | $79.1M | $91.6M | ||
| Q2 25 | $79.2M | $54.9M | ||
| Q1 25 | $68.5M | $54.9M | ||
| Q4 24 | $66.3M | $60.2M | ||
| Q3 24 | $74.9M | $65.8M | ||
| Q2 24 | $74.4M | $67.5M | ||
| Q1 24 | $63.1M | $72.4M |
| Q4 25 | — | $-14.9M | ||
| Q3 25 | $-5.3M | $-795.0K | ||
| Q2 25 | $-4.2M | $-14.9M | ||
| Q1 25 | $-6.2M | $-6.5M | ||
| Q4 24 | — | $12.5M | ||
| Q3 24 | $-6.0M | $20.0M | ||
| Q2 24 | $-5.6M | $18.4M | ||
| Q1 24 | $-14.6M | $20.4M |
| Q4 25 | 51.4% | 9.6% | ||
| Q3 25 | 52.2% | 19.6% | ||
| Q2 25 | 52.2% | -0.6% | ||
| Q1 25 | 53.1% | 32.7% | ||
| Q4 24 | 54.7% | 61.5% | ||
| Q3 24 | 55.2% | 68.7% | ||
| Q2 24 | 57.4% | 69.4% | ||
| Q1 24 | 54.5% | 67.8% |
| Q4 25 | -13.6% | -22.9% | ||
| Q3 25 | -9.0% | 0.1% | ||
| Q2 25 | -7.7% | -30.8% | ||
| Q1 25 | -11.2% | -2.0% | ||
| Q4 24 | -17.2% | 34.5% | ||
| Q3 24 | -10.4% | 42.5% | ||
| Q2 24 | -9.5% | 43.8% | ||
| Q1 24 | -25.8% | 42.0% |
| Q4 25 | — | -20.3% | ||
| Q3 25 | -6.7% | -0.9% | ||
| Q2 25 | -5.2% | -27.2% | ||
| Q1 25 | -9.0% | -11.8% | ||
| Q4 24 | — | 20.8% | ||
| Q3 24 | -8.0% | 30.4% | ||
| Q2 24 | -7.5% | 27.2% | ||
| Q1 24 | -23.1% | 28.2% |
| Q4 25 | $-0.26 | $-0.14 | ||
| Q3 25 | $-0.20 | $-0.01 | ||
| Q2 25 | $-0.15 | $-0.15 | ||
| Q1 25 | $-0.25 | $-0.07 | ||
| Q4 24 | $-0.41 | $0.12 | ||
| Q3 24 | $-0.25 | $0.20 | ||
| Q2 24 | $-0.24 | $0.18 | ||
| Q1 24 | $-0.62 | $0.20 |
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 | $8.3M |
| Total DebtLower is stronger | — | $1.7M |
| Stockholders' EquityBook value | $192.2M | $389.3M |
| Total Assets | $298.6M | $530.2M |
| Debt / EquityLower = less leverage | — | 0.00× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $103.7M | $8.3M | ||
| Q3 25 | $106.5M | $30.4M | ||
| Q2 25 | $103.7M | $19.2M | ||
| Q1 25 | $118.9M | $34.5M | ||
| Q4 24 | $113.8M | $190.7M | ||
| Q3 24 | $105.7M | $177.7M | ||
| Q2 24 | $97.9M | $154.3M | ||
| Q1 24 | $107.4M | $124.3M |
| Q4 25 | — | $1.7M | ||
| Q3 25 | — | $2.0M | ||
| Q2 25 | — | $26.3M | ||
| Q1 25 | — | $42.9M | ||
| Q4 24 | — | $1.5M | ||
| Q3 24 | — | $994.0K | ||
| Q2 24 | — | $1.1M | ||
| Q1 24 | — | $179.9M |
| Q4 25 | $192.2M | $389.3M | ||
| Q3 25 | $197.2M | $402.4M | ||
| Q2 25 | $199.5M | $401.3M | ||
| Q1 25 | $198.0M | $415.3M | ||
| Q4 24 | $173.9M | $421.1M | ||
| Q3 24 | $185.4M | $417.6M | ||
| Q2 24 | $187.6M | $397.2M | ||
| Q1 24 | $191.9M | $375.5M |
| Q4 25 | $298.6M | $530.2M | ||
| Q3 25 | $307.0M | $541.2M | ||
| Q2 25 | $312.0M | $533.7M | ||
| Q1 25 | $308.4M | $562.5M | ||
| Q4 24 | $296.2M | $725.8M | ||
| Q3 24 | $306.2M | $709.8M | ||
| Q2 24 | $308.9M | $697.0M | ||
| Q1 24 | $315.6M | $687.2M |
| Q4 25 | — | 0.00× | ||
| Q3 25 | — | 0.01× | ||
| Q2 25 | — | 0.07× | ||
| Q1 25 | — | 0.10× | ||
| Q4 24 | — | 0.00× | ||
| Q3 24 | — | 0.00× | ||
| Q2 24 | — | 0.00× | ||
| Q1 24 | — | 0.48× |
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 | $5.7M |
| Free Cash FlowOCF − Capex | $-1.9M | — |
| FCF MarginFCF / Revenue | -2.8% | — |
| Capex IntensityCapex / Revenue | 1.4% | — |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $-13.7M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-943.0K | $5.7M | ||
| Q3 25 | $2.2M | $53.4M | ||
| Q2 25 | $4.3M | $11.1M | ||
| Q1 25 | $-16.8M | $3.9M | ||
| Q4 24 | $-3.0M | $30.6M | ||
| Q3 24 | $7.0M | $31.4M | ||
| Q2 24 | $6.7M | $39.1M | ||
| Q1 24 | $-4.7M | $50.6M |
| Q4 25 | $-1.9M | — | ||
| Q3 25 | $1.6M | — | ||
| Q2 25 | $3.7M | — | ||
| Q1 25 | $-17.1M | $-11.6M | ||
| Q4 24 | $-3.3M | — | ||
| Q3 24 | $5.3M | — | ||
| Q2 24 | $6.6M | — | ||
| Q1 24 | $-6.1M | — |
| Q4 25 | -2.8% | — | ||
| Q3 25 | 2.0% | — | ||
| Q2 25 | 4.6% | — | ||
| Q1 25 | -24.9% | -21.1% | ||
| Q4 24 | -5.0% | — | ||
| Q3 24 | 7.1% | — | ||
| Q2 24 | 8.9% | — | ||
| Q1 24 | -9.6% | — |
| Q4 25 | 1.4% | — | ||
| Q3 25 | 0.7% | — | ||
| Q2 25 | 0.9% | — | ||
| Q1 25 | 0.4% | 28.2% | ||
| Q4 24 | 0.5% | — | ||
| Q3 24 | 2.2% | — | ||
| Q2 24 | 0.1% | — | ||
| Q1 24 | 2.1% | — |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 2.44× | ||
| Q3 24 | — | 1.57× | ||
| Q2 24 | — | 2.13× | ||
| Q1 24 | — | 2.48× |
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% |
TH
| Services | $40.9M | 56% |
| Hospitality And Facilities Services South | $32.6M | 44% |
