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Side-by-side financial comparison of Inogen Inc (INGN) and TSS, Inc. (TSSI). Click either name above to swap in a different company.
Inogen Inc is the larger business by last-quarter revenue ($68.6M vs $60.9M, roughly 1.1× TSS, Inc.). On growth, TSS, Inc. posted the faster year-over-year revenue change (21.8% vs 3.4%). TSS, Inc. produced more free cash flow last quarter ($15.8M vs $-1.9M). Over the past eight quarters, TSS, Inc.'s revenue compounded faster (95.8% 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 TSSI — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $68.6M | $60.9M |
| Net Profit | — | $12.2M |
| Gross Margin | 51.4% | 17.6% |
| Operating Margin | -13.6% | 1.5% |
| Net Margin | — | 20.0% |
| Revenue YoY | 3.4% | 21.8% |
| Net Profit YoY | — | 535.7% |
| EPS (diluted) | $-0.26 | $0.44 |
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 | $60.9M | ||
| Q3 25 | $79.1M | $41.9M | ||
| Q2 25 | $79.2M | $44.0M | ||
| Q1 25 | $68.5M | $99.0M | ||
| Q4 24 | $66.3M | $50.0M | ||
| Q3 24 | $74.9M | $70.1M | ||
| Q2 24 | $74.4M | $12.2M | ||
| Q1 24 | $63.1M | $15.9M |
| Q4 25 | — | $12.2M | ||
| Q3 25 | $-5.3M | $-1.5M | ||
| Q2 25 | $-4.2M | $1.5M | ||
| Q1 25 | $-6.2M | $3.0M | ||
| Q4 24 | — | $1.9M | ||
| Q3 24 | $-6.0M | $2.6M | ||
| Q2 24 | $-5.6M | $1.4M | ||
| Q1 24 | $-14.6M | $15.0K |
| Q4 25 | 51.4% | 17.6% | ||
| Q3 25 | 52.2% | 11.1% | ||
| Q2 25 | 52.2% | 17.8% | ||
| Q1 25 | 53.1% | 9.3% | ||
| Q4 24 | 54.7% | 14.4% | ||
| Q3 24 | 55.2% | 11.3% | ||
| Q2 24 | 57.4% | 37.3% | ||
| Q1 24 | 54.5% | 17.1% |
| Q4 25 | -13.6% | 1.5% | ||
| Q3 25 | -9.0% | -2.2% | ||
| Q2 25 | -7.7% | 5.1% | ||
| Q1 25 | -11.2% | 4.2% | ||
| Q4 24 | -17.2% | 0.0% | ||
| Q3 24 | -10.4% | 5.4% | ||
| Q2 24 | -9.5% | 14.0% | ||
| Q1 24 | -25.8% | 1.6% |
| Q4 25 | — | 20.0% | ||
| Q3 25 | -6.7% | -3.6% | ||
| Q2 25 | -5.2% | 3.4% | ||
| Q1 25 | -9.0% | 3.0% | ||
| Q4 24 | — | 3.8% | ||
| Q3 24 | -8.0% | 3.8% | ||
| Q2 24 | -7.5% | 11.5% | ||
| Q1 24 | -23.1% | 0.1% |
| Q4 25 | $-0.26 | $0.44 | ||
| Q3 25 | $-0.20 | $-0.06 | ||
| Q2 25 | $-0.15 | $0.06 | ||
| Q1 25 | $-0.25 | $0.12 | ||
| Q4 24 | $-0.41 | $0.08 | ||
| Q3 24 | $-0.25 | $0.10 | ||
| Q2 24 | $-0.24 | $0.06 | ||
| Q1 24 | $-0.62 | $0.00 |
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 | $85.5M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $192.2M | $76.6M |
| Total Assets | $298.6M | $184.9M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $103.7M | $85.5M | ||
| Q3 25 | $106.5M | $70.7M | ||
| Q2 25 | $103.7M | — | ||
| Q1 25 | $118.9M | — | ||
| Q4 24 | $113.8M | $23.2M | ||
| Q3 24 | $105.7M | $46.4M | ||
| Q2 24 | $97.9M | $8.3M | ||
| Q1 24 | $107.4M | $14.4M |
| Q4 25 | $192.2M | $76.6M | ||
| Q3 25 | $197.2M | $63.4M | ||
| Q2 25 | $199.5M | $9.5M | ||
| Q1 25 | $198.0M | $9.4M | ||
| Q4 24 | $173.9M | $7.1M | ||
| Q3 24 | $185.4M | $7.7M | ||
| Q2 24 | $187.6M | $5.2M | ||
| Q1 24 | $191.9M | $3.7M |
| Q4 25 | $298.6M | $184.9M | ||
| Q3 25 | $307.0M | $165.4M | ||
| Q2 25 | $312.0M | $139.5M | ||
| Q1 25 | $308.4M | $113.5M | ||
| Q4 24 | $296.2M | $96.6M | ||
| Q3 24 | $306.2M | $67.3M | ||
| Q2 24 | $308.9M | $28.9M | ||
| Q1 24 | $315.6M | $26.8M |
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 | $16.3M |
| Free Cash FlowOCF − Capex | $-1.9M | $15.8M |
| FCF MarginFCF / Revenue | -2.8% | 25.9% |
| Capex IntensityCapex / Revenue | 1.4% | 0.9% |
| Cash ConversionOCF / Net Profit | — | 1.34× |
| TTM Free Cash FlowTrailing 4 quarters | $-13.7M | $2.1M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-943.0K | $16.3M | ||
| Q3 25 | $2.2M | $-18.4M | ||
| Q2 25 | $4.3M | $16.3M | ||
| Q1 25 | $-16.8M | $20.6M | ||
| Q4 24 | $-3.0M | $-21.6M | ||
| Q3 24 | $7.0M | $38.6M | ||
| Q2 24 | $6.7M | $-4.3M | ||
| Q1 24 | $-4.7M | $2.6M |
| Q4 25 | $-1.9M | $15.8M | ||
| Q3 25 | $1.6M | $-24.9M | ||
| Q2 25 | $3.7M | $5.4M | ||
| Q1 25 | $-17.1M | $5.8M | ||
| Q4 24 | $-3.3M | $-28.4M | ||
| Q3 24 | $5.3M | $38.6M | ||
| Q2 24 | $6.6M | $-6.0M | ||
| Q1 24 | $-6.1M | $2.6M |
| Q4 25 | -2.8% | 25.9% | ||
| Q3 25 | 2.0% | -59.3% | ||
| Q2 25 | 4.6% | 12.3% | ||
| Q1 25 | -24.9% | 5.8% | ||
| Q4 24 | -5.0% | -56.7% | ||
| Q3 24 | 7.1% | 55.1% | ||
| Q2 24 | 8.9% | -49.4% | ||
| Q1 24 | -9.6% | 16.4% |
| Q4 25 | 1.4% | 0.9% | ||
| Q3 25 | 0.7% | 15.3% | ||
| Q2 25 | 0.9% | 24.8% | ||
| Q1 25 | 0.4% | 15.0% | ||
| Q4 24 | 0.5% | 13.4% | ||
| Q3 24 | 2.2% | 0.1% | ||
| Q2 24 | 0.1% | 13.8% | ||
| Q1 24 | 2.1% | 0.2% |
| Q4 25 | — | 1.34× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | 11.02× | ||
| Q1 25 | — | 6.93× | ||
| Q4 24 | — | -11.32× | ||
| Q3 24 | — | 14.60× | ||
| Q2 24 | — | -3.09× | ||
| Q1 24 | — | 176.40× |
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% |
TSSI
| Procurement Revenues Segment | $43.2M | 71% |
| System Integration Services Segment | $14.2M | 23% |
| Facilities Segment | $3.5M | 6% |
