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Side-by-side financial comparison of Inogen Inc (INGN) and Waterstone Financial, Inc. (WSBF). Click either name above to swap in a different company.
Inogen Inc is the larger business by last-quarter revenue ($68.6M vs $37.2M, roughly 1.8× Waterstone Financial, Inc.). On growth, Waterstone Financial, Inc. posted the faster year-over-year revenue change (16.7% vs 3.4%). Waterstone Financial, Inc. produced more free cash flow last quarter ($23.0M vs $-1.9M). Over the past eight quarters, Waterstone Financial, Inc.'s revenue compounded faster (7.1% 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.
Waterstone Financial, Inc. is a U.S. bank holding company headquartered in Wisconsin. It offers retail and commercial banking services, residential mortgages, and wealth management solutions, primarily serving consumers and small to medium-sized businesses across the U.S. Midwest region.
INGN vs WSBF — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $68.6M | $37.2M |
| Net Profit | — | — |
| Gross Margin | 51.4% | — |
| Operating Margin | -13.6% | 27.0% |
| Net Margin | — | — |
| Revenue YoY | 3.4% | 16.7% |
| Net Profit YoY | — | — |
| EPS (diluted) | $-0.26 | $0.43 |
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 | $37.2M | ||
| Q3 25 | $79.1M | $37.0M | ||
| Q2 25 | $79.2M | $38.0M | ||
| Q1 25 | $68.5M | $29.7M | ||
| Q4 24 | $66.3M | $31.8M | ||
| Q3 24 | $74.9M | $34.1M | ||
| Q2 24 | $74.4M | $37.2M | ||
| Q1 24 | $63.1M | $32.4M |
| Q4 25 | — | — | ||
| Q3 25 | $-5.3M | $7.9M | ||
| Q2 25 | $-4.2M | $7.7M | ||
| Q1 25 | $-6.2M | $3.0M | ||
| Q4 24 | — | — | ||
| Q3 24 | $-6.0M | $4.7M | ||
| Q2 24 | $-5.6M | $5.7M | ||
| Q1 24 | $-14.6M | $3.0M |
| Q4 25 | 51.4% | — | ||
| Q3 25 | 52.2% | — | ||
| Q2 25 | 52.2% | — | ||
| Q1 25 | 53.1% | — | ||
| Q4 24 | 54.7% | — | ||
| Q3 24 | 55.2% | — | ||
| Q2 24 | 57.4% | — | ||
| Q1 24 | 54.5% | — |
| Q4 25 | -13.6% | 27.0% | ||
| Q3 25 | -9.0% | 26.6% | ||
| Q2 25 | -7.7% | 25.4% | ||
| Q1 25 | -11.2% | 13.1% | ||
| Q4 24 | -17.2% | 19.5% | ||
| Q3 24 | -10.4% | 17.3% | ||
| Q2 24 | -9.5% | 19.2% | ||
| Q1 24 | -25.8% | 14.7% |
| Q4 25 | — | — | ||
| Q3 25 | -6.7% | 21.4% | ||
| Q2 25 | -5.2% | 20.3% | ||
| Q1 25 | -9.0% | 10.2% | ||
| Q4 24 | — | — | ||
| Q3 24 | -8.0% | 13.9% | ||
| Q2 24 | -7.5% | 15.4% | ||
| Q1 24 | -23.1% | 9.4% |
| Q4 25 | $-0.26 | $0.43 | ||
| Q3 25 | $-0.20 | $0.45 | ||
| Q2 25 | $-0.15 | $0.43 | ||
| Q1 25 | $-0.25 | $0.17 | ||
| Q4 24 | $-0.41 | $0.28 | ||
| Q3 24 | $-0.25 | $0.26 | ||
| Q2 24 | $-0.24 | $0.31 | ||
| Q1 24 | $-0.62 | $0.16 |
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 | — |
| Total DebtLower is stronger | — | $412.3M |
| Stockholders' EquityBook value | $192.2M | $349.4M |
| Total Assets | $298.6M | $2.3B |
| Debt / EquityLower = less leverage | — | 1.18× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $103.7M | — | ||
| Q3 25 | $106.5M | — | ||
| Q2 25 | $103.7M | — | ||
| Q1 25 | $118.9M | — | ||
| Q4 24 | $113.8M | — | ||
| Q3 24 | $105.7M | — | ||
| Q2 24 | $97.9M | — | ||
| Q1 24 | $107.4M | — |
| Q4 25 | — | $412.3M | ||
| Q3 25 | — | $469.1M | ||
| Q2 25 | — | $465.7M | ||
| Q1 25 | — | $395.9M | ||
| Q4 24 | — | $446.5M | ||
| Q3 24 | — | $560.1M | ||
| Q2 24 | — | $660.8M | ||
| Q1 24 | — | $634.2M |
| Q4 25 | $192.2M | $349.4M | ||
| Q3 25 | $197.2M | $345.5M | ||
| Q2 25 | $199.5M | $341.5M | ||
| Q1 25 | $198.0M | $341.4M | ||
| Q4 24 | $173.9M | $339.1M | ||
| Q3 24 | $185.4M | $342.0M | ||
| Q2 24 | $187.6M | $334.9M | ||
| Q1 24 | $191.9M | $338.0M |
| Q4 25 | $298.6M | $2.3B | ||
| Q3 25 | $307.0M | $2.3B | ||
| Q2 25 | $312.0M | $2.3B | ||
| Q1 25 | $308.4M | $2.2B | ||
| Q4 24 | $296.2M | $2.2B | ||
| Q3 24 | $306.2M | $2.2B | ||
| Q2 24 | $308.9M | $2.3B | ||
| Q1 24 | $315.6M | $2.2B |
| Q4 25 | — | 1.18× | ||
| Q3 25 | — | 1.36× | ||
| Q2 25 | — | 1.36× | ||
| Q1 25 | — | 1.16× | ||
| Q4 24 | — | 1.32× | ||
| Q3 24 | — | 1.64× | ||
| Q2 24 | — | 1.97× | ||
| Q1 24 | — | 1.88× |
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 | $24.2M |
| Free Cash FlowOCF − Capex | $-1.9M | $23.0M |
| FCF MarginFCF / Revenue | -2.8% | 61.9% |
| Capex IntensityCapex / Revenue | 1.4% | 3.1% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $-13.7M | $43.4M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-943.0K | $24.2M | ||
| Q3 25 | $2.2M | $32.7M | ||
| Q2 25 | $4.3M | $-38.4M | ||
| Q1 25 | $-16.8M | $26.7M | ||
| Q4 24 | $-3.0M | $48.1M | ||
| Q3 24 | $7.0M | $74.1M | ||
| Q2 24 | $6.7M | $-39.5M | ||
| Q1 24 | $-4.7M | $-9.9M |
| Q4 25 | $-1.9M | $23.0M | ||
| Q3 25 | $1.6M | $32.4M | ||
| Q2 25 | $3.7M | $-38.5M | ||
| Q1 25 | $-17.1M | $26.5M | ||
| Q4 24 | $-3.3M | $47.0M | ||
| Q3 24 | $5.3M | $73.9M | ||
| Q2 24 | $6.6M | $-39.7M | ||
| Q1 24 | $-6.1M | $-10.3M |
| Q4 25 | -2.8% | 61.9% | ||
| Q3 25 | 2.0% | 87.5% | ||
| Q2 25 | 4.6% | -101.2% | ||
| Q1 25 | -24.9% | 89.2% | ||
| Q4 24 | -5.0% | 147.5% | ||
| Q3 24 | 7.1% | 216.9% | ||
| Q2 24 | 8.9% | -106.7% | ||
| Q1 24 | -9.6% | -31.9% |
| Q4 25 | 1.4% | 3.1% | ||
| Q3 25 | 0.7% | 0.8% | ||
| Q2 25 | 0.9% | 0.2% | ||
| Q1 25 | 0.4% | 0.9% | ||
| Q4 24 | 0.5% | 3.5% | ||
| Q3 24 | 2.2% | 0.6% | ||
| Q2 24 | 0.1% | 0.4% | ||
| Q1 24 | 2.1% | 1.2% |
| Q4 25 | — | — | ||
| Q3 25 | — | 4.13× | ||
| Q2 25 | — | -4.98× | ||
| Q1 25 | — | 8.81× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 15.67× | ||
| Q2 24 | — | -6.92× | ||
| Q1 24 | — | -3.27× |
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% |
WSBF
Segment breakdown not available.
