Inogen (INGN) Gross Margin (2013 - 2026)
Inogen's (INGN) quarterly Gross Margin came in at 45.51% in Q2 2026, up 71.0% year-over-year from 26.61% in Q2 2025, and up 2.3% quarter-over-quarter from 44.49% in Q1 2026.
Analysis
Inogen (INGN) Gross Margin (2013 - 2026) Analysis & Trends
Inogen (INGN) has reported Gross Margin for 14 consecutive years, with 45.51% the latest figure, recorded in Q2 2026.
- On a quarterly basis, Gross Margin rose 71.0% year-over-year to 45.51% in Q2 2026; TTM through Jun 2026 was 44.51%, a 72.0% decrease from a year earlier, with the FY2025 full-year figure at 44.24%, down 185.0% from the prior year.
- Gross Margin was 45.51% for Q2 2026 at Inogen, up from 44.49% in the prior quarter.
- Over five years, Gross Margin peaked at 48.15% in Q2 2024 and troughed at 33.46% in Q4 2022.
- A 5-year average of 42.99% and a median of 44.13% in 2024 frame the typical range for Gross Margin.
- Across the five-year window, Gross Margin plunged 1705 bps in 2022 and soared 821 bps in 2024, its largest moves.
- Over 5 years, Gross Margin stood at 33.46% in 2022, then climbed by 11 bps to 37.1% in 2023, then climbed by 22 bps to 45.32% in 2024, then decreased by 5 bps to 43.12% in 2025, then gained by 6 bps to 45.51% in 2026.
- The last three Gross Margin figures came in at 45.51% (Q2 2026), 44.49% (Q1 2026), and 43.12% (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Abbott Laboratories | 183.04 Bn | 177.44 Bn | 7.27 Bn | 57.71% |
| 2 | Intuitive Surgical | 125.02 Bn | 119.81 Bn | 1.96 Bn | 67.78% |
| 3 | Medtronic | 117.84 Bn | 109.02 Bn | 6.34 Bn | 64.99% |
| 4 | Stryker | 105.50 Bn | 102.02 Bn | 4.50 Bn | 68.27% |
| 5 | Boston Scientific | 66.27 Bn | 65.73 Bn | 3.85 Bn | 70.71% |
| 6 | Edwards Lifesciences | 49.60 Bn | 45.35 Bn | 1.35 Bn | 77.46% |
| 7 | Alcon | 33.70 Bn | 32.24 Bn | 1.68 Bn | 60.21% |
| 8 | Dexcom | 32.06 Bn | 30.11 Bn | 830.00 Mn | 63.44% |
| 9 | Steris | 21.02 Bn | 20.54 Bn | 684.20 Mn | 45.84% |
| 10 | Inogen | 142.58 Mn | 37.04 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% |