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Inogen Inc（INGN）与MSA Safety Inc（MSA）财务数据对比。点击上方公司名可切换其他公司
MSA Safety Inc的季度营收约是Inogen Inc的7.5倍（$510.9M vs $68.6M）。Inogen Inc同比增速更快（3.4% vs 2.2%）。MSA Safety Inc自由现金流更多（$106.0M vs $-1.9M）。过去两年MSA Safety Inc的营收复合增速更高（11.2% vs 4.2%）
Inogen Inc是一家专注于呼吸医疗设备领域的医疗科技企业，主要研发、生产和销售便携式制氧机及配套呼吸护理产品，面向北美、欧洲等地区需要长期氧疗的慢性呼吸系统疾病患者，服务居家及出行场景，提升用户生活质量。
MSA安全是美国专业安全设备生产供应商，面向建筑、军事、消防、化工、油气等存在高危作业场景的多个行业提供安全防护产品及解决方案，总部位于美国匹兹堡近郊的克兰伯里。
INGN vs MSA — 直观对比
营收规模更大
MSA
是对方的7.5倍
$68.6M
营收增速更快
INGN
高出1.2%
2.2%
自由现金流更多
MSA
多$107.9M
$-1.9M
两年增速更快
MSA
近两年复合增速
4.2%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $68.6M | $510.9M |
| 净利润 | — | $86.9M |
| 毛利率 | 51.4% | 46.9% |
| 营业利润率 | -13.6% | 22.3% |
| 净利率 | — | 17.0% |
| 营收同比 | 3.4% | 2.2% |
| 净利润同比 | — | -1.2% |
| 每股收益（稀释后） | $-0.26 | $2.22 |
绿色 = 该指标领先。财年不对齐时期间可能不同
8季度营收与利润趋势
并排季度历史对比，按日历期对齐，财年错位的公司也能正确匹配
营收INGNMSA
| Q4 25 | $68.6M | $510.9M | ||
| Q3 25 | $79.1M | $468.4M | ||
| Q2 25 | $79.2M | $474.1M | ||
| Q1 25 | $68.5M | $421.3M | ||
| Q4 24 | $66.3M | $499.7M | ||
| Q3 24 | $74.9M | $432.7M | ||
| Q2 24 | $74.4M | $462.5M | ||
| Q1 24 | $63.1M | $413.3M |
净利润INGNMSA
| Q4 25 | — | $86.9M | ||
| Q3 25 | $-5.3M | $69.6M | ||
| Q2 25 | $-4.2M | $62.8M | ||
| Q1 25 | $-6.2M | $59.6M | ||
| Q4 24 | — | $87.9M | ||
| Q3 24 | $-6.0M | $66.6M | ||
| Q2 24 | $-5.6M | $72.2M | ||
| Q1 24 | $-14.6M | $58.1M |
毛利率INGNMSA
| Q4 25 | 51.4% | 46.9% | ||
| Q3 25 | 52.2% | 46.5% | ||
| Q2 25 | 52.2% | 46.6% | ||
| Q1 25 | 53.1% | 45.9% | ||
| Q4 24 | 54.7% | 46.9% | ||
| Q3 24 | 55.2% | 47.9% | ||
| Q2 24 | 57.4% | 48.2% | ||
| Q1 24 | 54.5% | 47.3% |
营业利润率INGNMSA
| Q4 25 | -13.6% | 22.3% | ||
| Q3 25 | -9.0% | 20.1% | ||
| Q2 25 | -7.7% | 18.1% | ||
| Q1 25 | -11.2% | 18.5% | ||
| Q4 24 | -17.2% | 23.5% | ||
| Q3 24 | -10.4% | 21.1% | ||
| Q2 24 | -9.5% | 21.6% | ||
| Q1 24 | -25.8% | 19.4% |
净利率INGNMSA
| Q4 25 | — | 17.0% | ||
| Q3 25 | -6.7% | 14.9% | ||
| Q2 25 | -5.2% | 13.2% | ||
| Q1 25 | -9.0% | 14.1% | ||
| Q4 24 | — | 17.6% | ||
| Q3 24 | -8.0% | 15.4% | ||
| Q2 24 | -7.5% | 15.6% | ||
| Q1 24 | -23.1% | 14.1% |
每股收益（稀释后）INGNMSA
| Q4 25 | $-0.26 | $2.22 | ||
| Q3 25 | $-0.20 | $1.77 | ||
| Q2 25 | $-0.15 | $1.59 | ||
| Q1 25 | $-0.25 | $1.51 | ||
| Q4 24 | $-0.41 | $2.22 | ||
| Q3 24 | $-0.25 | $1.69 | ||
| Q2 24 | $-0.24 | $1.83 | ||
| Q1 24 | $-0.62 | $1.47 |
资产负债表与财务实力
最新季度各公司的流动性、杠杆与账面价值一览
| 指标 | | |
|---|---|---|
| 现金及短期投资手头流动性 | $103.7M | $165.1M |
| 总债务越低越好 | — | $580.9M |
| 股东权益账面价值 | $192.2M | $1.4B |
| 总资产 | $298.6M | $2.6B |
| 负债/权益比越低杠杆越低 | — | 0.42× |
8季度趋势，按日历期对齐
现金及短期投资INGNMSA
| Q4 25 | $103.7M | $165.1M | ||
| Q3 25 | $106.5M | $170.0M | ||
| Q2 25 | $103.7M | $147.0M | ||
| Q1 25 | $118.9M | $170.6M | ||
| Q4 24 | $113.8M | $164.6M | ||
| Q3 24 | $105.7M | $154.4M | ||
| Q2 24 | $97.9M | $146.8M | ||
| Q1 24 | $107.4M | $148.3M |
总债务INGNMSA
| Q4 25 | — | $580.9M | ||
| Q3 25 | — | $628.6M | ||
| Q2 25 | — | $679.3M | ||
| Q1 25 | — | $502.1M | ||
| Q4 24 | — | $508.0M | ||
| Q3 24 | — | $554.7M | ||
| Q2 24 | — | $588.2M | ||
| Q1 24 | — | $596.2M |
股东权益INGNMSA
| Q4 25 | $192.2M | $1.4B | ||
| Q3 25 | $197.2M | $1.3B | ||
| Q2 25 | $199.5M | $1.3B | ||
| Q1 25 | $198.0M | $1.2B | ||
| Q4 24 | $173.9M | $1.1B | ||
| Q3 24 | $185.4M | $1.1B | ||
| Q2 24 | $187.6M | $1.0B | ||
| Q1 24 | $191.9M | $994.8M |
总资产INGNMSA
| Q4 25 | $298.6M | $2.6B | ||
| Q3 25 | $307.0M | $2.6B | ||
| Q2 25 | $312.0M | $2.6B | ||
| Q1 25 | $308.4M | $2.2B | ||
| Q4 24 | $296.2M | $2.2B | ||
| Q3 24 | $306.2M | $2.2B | ||
| Q2 24 | $308.9M | $2.2B | ||
| Q1 24 | $315.6M | $2.2B |
负债/权益比INGNMSA
| Q4 25 | — | 0.42× | ||
| Q3 25 | — | 0.48× | ||
| Q2 25 | — | 0.54× | ||
| Q1 25 | — | 0.42× | ||
| Q4 24 | — | 0.44× | ||
| Q3 24 | — | 0.51× | ||
| Q2 24 | — | 0.57× | ||
| Q1 24 | — | 0.60× |
现金流与资本效率
扣除再投资后实际产生的现金。现金流比净利润更难造假
| 指标 | | |
|---|---|---|
| 经营现金流最新季度 | $-943.0K | $122.4M |
| 自由现金流经营现金流 - 资本支出 | $-1.9M | $106.0M |
| 自由现金流率自由现金流/营收 | -2.8% | 20.8% |
| 资本支出强度资本支出/营收 | 1.4% | 3.2% |
| 现金转化率经营现金流/净利润 | — | 1.41× |
| 过去12个月自由现金流最近4个季度 | $-13.7M | $295.4M |
8季度趋势，按日历期对齐
经营现金流INGNMSA
| Q4 25 | $-943.0K | $122.4M | ||
| Q3 25 | $2.2M | $112.5M | ||
| Q2 25 | $4.3M | $67.2M | ||
| Q1 25 | $-16.8M | $61.8M | ||
| Q4 24 | $-3.0M | $107.9M | ||
| Q3 24 | $7.0M | $84.3M | ||
| Q2 24 | $6.7M | $53.3M | ||
| Q1 24 | $-4.7M | $50.9M |
自由现金流INGNMSA
| Q4 25 | $-1.9M | $106.0M | ||
| Q3 25 | $1.6M | $100.5M | ||
| Q2 25 | $3.7M | $37.9M | ||
| Q1 25 | $-17.1M | $51.0M | ||
| Q4 24 | $-3.3M | $93.5M | ||
| Q3 24 | $5.3M | $70.1M | ||
| Q2 24 | $6.6M | $39.0M | ||
| Q1 24 | $-6.1M | $39.7M |
自由现金流率INGNMSA
| Q4 25 | -2.8% | 20.8% | ||
| Q3 25 | 2.0% | 21.4% | ||
| Q2 25 | 4.6% | 8.0% | ||
| Q1 25 | -24.9% | 12.1% | ||
| Q4 24 | -5.0% | 18.7% | ||
| Q3 24 | 7.1% | 16.2% | ||
| Q2 24 | 8.9% | 8.4% | ||
| Q1 24 | -9.6% | 9.6% |
资本支出强度INGNMSA
| Q4 25 | 1.4% | 3.2% | ||
| Q3 25 | 0.7% | 2.6% | ||
| Q2 25 | 0.9% | 6.2% | ||
| Q1 25 | 0.4% | 2.6% | ||
| Q4 24 | 0.5% | 2.9% | ||
| Q3 24 | 2.2% | 3.3% | ||
| Q2 24 | 0.1% | 3.1% | ||
| Q1 24 | 2.1% | 2.7% |
现金转化率INGNMSA
| Q4 25 | — | 1.41× | ||
| Q3 25 | — | 1.62× | ||
| Q2 25 | — | 1.07× | ||
| Q1 25 | — | 1.04× | ||
| Q4 24 | — | 1.23× | ||
| Q3 24 | — | 1.27× | ||
| Q2 24 | — | 0.74× | ||
| Q1 24 | — | 0.88× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
业务分部营收拆解
INGN
暂无分部数据
MSA
| Americas Segment | $335.2M | 66% |
| International Segment | $175.7M | 34% |
