Inogen (INGN) Gross Margin (2013 - 2026)
Inogen (INGN) reported Gross Margin of 45.51% for Q2 2026, up 0.71 percentage points from 44.80% a year earlier and up 1.02 percentage points from the prior quarter.
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Analysis
Inogen (INGN) Gross Margin (2013 - 2026) Analysis & Trends
Over the twelve months ended Jun 30, 2026, Inogen's Gross Margin came in at 44.51%, down 0.72 percentage points year-over-year; for FY2025, it was 44.24%, down 1.85 percentage points from FY2024.
- Gross Margin has a five-year change of -0.55 percentage points (FY2020 to FY2025).
- By year, Gross Margin came in at 46.09% in FY2024 (+5.96 pp), 40.14% in FY2023 (-0.56 pp), 40.70% in FY2022 (-8.60 pp) and 49.30% in FY2021 (+4.50 pp).
- The Q2 2026 figure ranks as the highest quarterly Gross Margin since Q3 2024.
- Year over year, Gross Margin gained in five of the last eight quarters, with an average year-over-year change of +1.04 percentage points.
- The high point for year-over-year Gross Margin in five years was Q4 2024 (a gain of 8.21 percentage points); the low point was Q4 2022 (a drop of 17.05 percentage points).
- Per Business Quant data, the three quarters before Q2 2026 came in at 44.49% (Q1 2026), 43.12% (Q4 2025) and 44.72% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Thermo Fisher Scientific | 251.30 Bn | 230.45 Bn | 4.88 Bn | 40.70% |
| 2 | Abbott Laboratories | 174.70 Bn | 145.78 Bn | 7.27 Bn | 57.71% |
| 3 | Danaher | 158.94 Bn | 142.76 Bn | 3.61 Bn | 57.64% |
| 4 | Intuitive Surgical | 145.87 Bn | 125.42 Bn | 1.96 Bn | 67.78% |
| 5 | Medtronic | 111.49 Bn | 77.36 Bn | 6.34 Bn | 64.99% |
| 6 | Stryker | 106.96 Bn | 93.08 Bn | 4.50 Bn | 68.27% |
| 7 | Boston Scientific | 63.62 Bn | 58.63 Bn | 3.85 Bn | 70.71% |
| 8 | Edwards Lifesciences | 50.80 Bn | 34.92 Bn | 1.35 Bn | 77.46% |
| 9 | Becton Dickinson | 49.59 Bn | 46.74 Bn | 2.32 Bn | 46.46% |
| 10 | Inogen | 143.54 Mn | -314.97 Mn | 43.27 Mn | 45.51% |
Historic Data
Download Data
Historic 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 | 50.51% |
| Sep 30, 2021 | 51.22% |
API Access
Inogen Gross Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=gross-margin&ticker=INGN&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "gross-margin", "ticker": "INGN", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=gross-margin&ticker=INGN&period=max&api_key=YOUR_API_KEY");
const data = await res.json();