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Side-by-side financial comparison of INFINITY NATURAL RESOURCES, INC. (INR) and GeneDx Holdings Corp. (WGS). Click either name above to swap in a different company.

GeneDx Holdings Corp. is the larger business by last-quarter revenue ($121.0M vs $115.5M, roughly 1.0× INFINITY NATURAL RESOURCES, INC.). INFINITY NATURAL RESOURCES, INC. runs the higher net margin — 17.3% vs -14.6%, a 31.9% gap on every dollar of revenue.

GeneDx is a genetic testing company that was founded in 2000 by two scientists from the National Institutes of Health (NIH), Sherri Bale and John Compton. They started the company to provide clinical diagnostic services for patients and families with rare and ultra-rare disorders, for which no such commercial testing was available at the time. The company started in the Technology Development Center, a biotech incubator supported by the state of Maryland and Montgomery County, MD. In 2006, Bi...

INR vs WGS — Head-to-Head

Bigger by revenue
WGS
WGS
1.0× larger
WGS
$121.0M
$115.5M
INR
Higher net margin
INR
INR
31.9% more per $
INR
17.3%
-14.6%
WGS

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
INR
INR
WGS
WGS
Revenue
$115.5M
$121.0M
Net Profit
$20.0M
$-17.7M
Gross Margin
69.6%
Operating Margin
47.0%
-11.8%
Net Margin
17.3%
-14.6%
Revenue YoY
26.5%
Net Profit YoY
-424.9%
EPS (diluted)
$1.33
$-0.59

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
INR
INR
WGS
WGS
Q4 25
$115.5M
$121.0M
Q3 25
$78.3M
$116.7M
Q2 25
$72.5M
$102.7M
Q1 25
$84.2M
$87.1M
Q4 24
$95.6M
Q3 24
$76.9M
Q2 24
$70.5M
Q1 24
$62.4M
Net Profit
INR
INR
WGS
WGS
Q4 25
$20.0M
$-17.7M
Q3 25
$10.4M
$-7.6M
Q2 25
$18.0M
$10.8M
Q1 25
$-34.6M
$-6.5M
Q4 24
$5.4M
Q3 24
$-8.3M
Q2 24
$-29.2M
Q1 24
$-20.2M
Gross Margin
INR
INR
WGS
WGS
Q4 25
69.6%
Q3 25
72.4%
Q2 25
69.0%
Q1 25
67.1%
Q4 24
69.2%
Q3 24
62.2%
Q2 24
60.9%
Q1 24
59.9%
Operating Margin
INR
INR
WGS
WGS
Q4 25
47.0%
-11.8%
Q3 25
30.5%
-2.8%
Q2 25
29.9%
8.7%
Q1 25
-104.5%
-5.2%
Q4 24
9.2%
Q3 24
-10.1%
Q2 24
-15.0%
Q1 24
-21.9%
Net Margin
INR
INR
WGS
WGS
Q4 25
17.3%
-14.6%
Q3 25
13.3%
-6.5%
Q2 25
24.8%
10.5%
Q1 25
-41.1%
-7.5%
Q4 24
5.7%
Q3 24
-10.8%
Q2 24
-41.4%
Q1 24
-32.4%
EPS (diluted)
INR
INR
WGS
WGS
Q4 25
$1.33
$-0.59
Q3 25
$0.65
$-0.27
Q2 25
$1.18
$0.36
Q1 25
$-2.27
$-0.23
Q4 24
$0.25
Q3 24
$-0.31
Q2 24
$-1.10
Q1 24
$-0.78

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
INR
INR
WGS
WGS
Cash + ST InvestmentsLiquidity on hand
$2.8M
$171.3M
Total DebtLower is stronger
$55.0K
$54.5M
Stockholders' EquityBook value
$307.1M
$308.2M
Total Assets
$1.2B
$523.7M
Debt / EquityLower = less leverage
0.00×
0.18×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
INR
INR
WGS
WGS
Q4 25
$2.8M
$171.3M
Q3 25
$4.6M
$155.1M
Q2 25
$6.3M
$134.6M
Q1 25
$4.9M
$159.2M
Q4 24
$141.2M
Q3 24
$116.5M
Q2 24
$106.9M
Q1 24
$112.9M
Total Debt
INR
INR
WGS
WGS
Q4 25
$55.0K
$54.5M
Q3 25
$54.8M
Q2 25
$55.1M
Q1 25
$123.0K
$55.5M
Q4 24
$55.8M
Q3 24
$56.1M
Q2 24
$56.3M
Q1 24
$56.3M
Stockholders' Equity
INR
INR
WGS
WGS
Q4 25
$307.1M
$308.2M
Q3 25
$288.6M
$292.3M
Q2 25
$10.1M
$277.1M
Q1 25
$-52.2M
$257.4M
Q4 24
$245.2M
Q3 24
$204.5M
Q2 24
$194.0M
Q1 24
$207.2M
Total Assets
INR
INR
WGS
WGS
Q4 25
$1.2B
$523.7M
Q3 25
$1.1B
$493.9M
Q2 25
$1.0B
$463.9M
Q1 25
$953.9M
$446.4M
Q4 24
$419.4M
Q3 24
$408.8M
Q2 24
$389.1M
Q1 24
$394.5M
Debt / Equity
INR
INR
WGS
WGS
Q4 25
0.00×
0.18×
Q3 25
0.19×
Q2 25
0.20×
Q1 25
0.22×
Q4 24
0.23×
Q3 24
0.27×
Q2 24
0.29×
Q1 24
0.27×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
INR
INR
WGS
WGS
Operating Cash FlowLast quarter
$75.1M
$-3.1M
Free Cash FlowOCF − Capex
$-7.4M
FCF MarginFCF / Revenue
-6.1%
Capex IntensityCapex / Revenue
3.6%
Cash ConversionOCF / Net Profit
3.75×
TTM Free Cash FlowTrailing 4 quarters
$14.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
INR
INR
WGS
WGS
Q4 25
$75.1M
$-3.1M
Q3 25
$42.1M
$15.8M
Q2 25
$70.4M
$10.4M
Q1 25
$74.2M
$10.2M
Q4 24
$-3.2M
Q3 24
$-4.4M
Q2 24
$-4.5M
Q1 24
$-16.4M
Free Cash Flow
INR
INR
WGS
WGS
Q4 25
$-7.4M
Q3 25
$9.6M
Q2 25
$8.1M
Q1 25
$4.1M
Q4 24
$-6.2M
Q3 24
$-5.0M
Q2 24
$-5.9M
Q1 24
$-16.9M
FCF Margin
INR
INR
WGS
WGS
Q4 25
-6.1%
Q3 25
8.2%
Q2 25
7.8%
Q1 25
4.7%
Q4 24
-6.5%
Q3 24
-6.6%
Q2 24
-8.3%
Q1 24
-27.0%
Capex Intensity
INR
INR
WGS
WGS
Q4 25
3.6%
Q3 25
5.3%
Q2 25
2.3%
Q1 25
7.0%
Q4 24
3.2%
Q3 24
0.8%
Q2 24
1.9%
Q1 24
0.7%
Cash Conversion
INR
INR
WGS
WGS
Q4 25
3.75×
Q3 25
4.04×
Q2 25
3.91×
0.96×
Q1 25
Q4 24
-0.59×
Q3 24
Q2 24
Q1 24

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

INR
INR

Oil Reserves$54.0M47%
Natural Gas Reserves$46.8M41%
Natural Gas Liquids Reserves$14.7M13%

WGS
WGS

Diagnostic Test Third Party Insurance$101.1M84%
Diagnostic Test Institutional Customers$15.5M13%
Other$3.4M3%

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