Inogen (INGN) Gross Margin (2013 - 2026)
Inogen (INGN) reported 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 14 years of Gross Margin data on file, last reported at 44.49% in Q1 2026.
- Gross Margin for Q1 2026 came in at 44.49%, up 28.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 44.31% (down 179.0% YoY), and the FY2025 annual result was 44.24%, down 185.0% from the prior year.
- Gross Margin rose to 44.49% in Q1 2026 per INGN's latest filing, from 43.12% 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 42.84% and a median of 44.05% in 2024 frame the typical range for Gross Margin.
- The sharpest annual moves came in 2022 and 2024: Gross Margin plunged 1828 bps in 2022, then jumped 821 bps in 2024.
- A 5-year view of Gross Margin shows it stood at 33.46% in 2022, then grew by 11 bps to 37.1% in 2023, then grew by 22 bps to 45.32% in 2024, then slipped by 5 bps to 43.12% in 2025, then rose 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 | 154.42 Bn | 147.76 Bn | 6.27 Bn | 56.20% |
| 2 | Stryker | 118.12 Bn | 115.25 Bn | 3.81 Bn | 63.29% |
| 3 | Medtronic | 101.72 Bn | 93.55 Bn | 5.76 Bn | 63.83% |
| 4 | Boston Scientific | 67.19 Bn | 65.98 Bn | 3.61 Bn | 69.46% |
| 5 | Edwards Lifesciences | 50.69 Bn | 47.02 Bn | 1.29 Bn | 78.01% |
| 6 | Koninklijke Philips | 29.38 Bn | 26.07 Bn | 2.07 Bn | 45.22% |
| 7 | Dexcom | 28.09 Bn | 26.97 Bn | 750.30 Mn | 62.95% |
| 8 | GE HealthCare Technologies | 28.08 Bn | 26.02 Bn | 1.98 Bn | 38.53% |
| 9 | Steris | 19.80 Bn | 19.37 Bn | 697.10 Mn | 43.89% |
| 10 | Inogen | 176.23 Mn | 81.82 Mn | 37.86 Mn | 44.49% |
Historic Data
Download Data| Date | Value |
|---|---|
| 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 | 58.89% |
| Jun 30, 2021 | 55.74% |