Inogen (INGN) Gross Margin (2013 - 2026)
Inogen (INGN) posted quarterly Gross Margin of 44.49% for Q1 2026, up 28.0% year-over-year from 34.76% in Q1 2025, and up 3.18% quarter-over-quarter from 43.12% in Q4 2025.
Inogen (INGN) Gross Margin (2013 - 2026) Analysis & Trends
Inogen (INGN) has reported Gross Margin for 14 consecutive years, with 44.49% the latest figure, recorded in Q1 2026.
- In Q1 2026, Gross Margin rose 28.0% year-over-year to 44.49%; the TTM figure through Mar 2026 stood at 44.31% (down 179.0% YoY), while the FY2025 annual figure was 44.24%, down 185.0% from the prior year.
- Gross Margin climbed to 44.49% in Q1 2026 per INGN's latest filing, from 43.12% in the prior quarter.
- Across five years, Gross Margin topped out at 48.15% in Q2 2024 and bottomed at 33.46% in Q4 2022.
- Historically, Gross Margin has averaged 42.84% across 5 years, with a median of 44.05% in 2024.
- Annual changes were most pronounced in 2022 — Gross Margin plunged 1828 bps — and 2024, when it jumped 821 bps.
- Inogen's Gross Margin stood at 33.46% in 2022, then increased by 11 bps to 37.1% in 2023, then increased by 22 bps to 45.32% in 2024, then dropped by 5 bps to 43.12% in 2025, then gained by 3 bps to 44.49% in 2026.
- Business Quant data shows INGN's Gross Margin at 44.49% in Q1 2026, 43.12% in Q4 2025, and 44.72% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Abbott Laboratories | 198.70 Bn | 193.10 Bn | 7.27 Bn | 57.71% |
| 2 | Stryker | 125.85 Bn | 122.37 Bn | 4.50 Bn | 68.27% |
| 3 | Medtronic | 118.44 Bn | 109.22 Bn | 6.41 Bn | 65.35% |
| 4 | Boston Scientific | 72.64 Bn | 72.10 Bn | 3.85 Bn | 70.71% |
| 5 | Edwards Lifesciences | 51.94 Bn | 47.69 Bn | 1.35 Bn | 77.46% |
| 6 | Dexcom | 34.48 Bn | 32.53 Bn | 830.00 Mn | 63.44% |
| 7 | GE HealthCare Technologies | 33.60 Bn | 31.49 Bn | 2.18 Bn | 41.17% |
| 8 | Koninklijke Philips | 26.30 Bn | 22.98 Bn | 4.55 Bn | 47.38% |
| 9 | Steris | 23.00 Bn | 22.52 Bn | 684.20 Mn | 45.84% |
| 10 | Inogen | 151.72 Mn | 46.18 Mn | 43.27 Mn | 45.51% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 45.51% |
| Mar 31, 2026 | 44.49% |
| Dec 31, 2025 | 43.12% |
| Sep 30, 2025 | 44.72% |
| Jun 30, 2025 | 44.80% |
| Mar 31, 2025 | 44.21% |
| Dec 31, 2024 | 45.32% |
| Sep 30, 2024 | 46.54% |
| Jun 30, 2024 | 48.15% |
| Mar 31, 2024 | 44.05% |
| Dec 31, 2023 | 37.10% |
| Sep 30, 2023 | 40.21% |
| Jun 30, 2023 | 40.71% |
| Mar 31, 2023 | 42.59% |
| Dec 31, 2022 | 33.46% |
| Sep 30, 2022 | 40.61% |
| Jun 30, 2022 | 44.75% |
| Mar 31, 2022 | 43.55% |
| Dec 31, 2021 | 35.19% |
| Sep 30, 2021 | 58.89% |