Inogen (INGN) Operating Margin (2013 - 2026)

Inogen's (INGN) quarterly Operating Margin came in at 10.97% in Q1 2026, down 166.0% year-on-year from 16.62% in Q1 2025, and up 3.67% on a QoQ basis from 11.39% in Q4 2025.

Inogen (INGN) Operating Margin (2013 - 2026) Analysis & Trends

Inogen (INGN) has 14 years of Operating Margin data on file, last reported at 10.97% in Q1 2026.

  • On a quarterly basis, Operating Margin fell 166.0% year-over-year to 10.97% in Q1 2026; TTM through Mar 2026 was 9.07%, a 90.0% increase from a year earlier, with the FY2025 full-year figure at 8.66%, up 400.0% from the prior year.
  • Operating Margin for Q1 2026 stood at 10.97%, up from 11.39% in the prior quarter.
  • Over the last five years, Operating Margin for INGN reached as high as 2.78% in Q2 2022 and fell as low as 66.4% in Q4 2022.
  • Historically, Operating Margin has averaged 19.52% across 5 years, with a median of 11.39% in 2025.
  • Across the five-year window, Operating Margin slumped 6031 bps in 2022 and jumped 4687 bps in 2024, its largest moves.
  • Year by year, Operating Margin stood at 66.4% in 2022, then surged by 42 bps to 38.19% in 2023, then soared by 63 bps to 14.22% in 2024, then rose by 20 bps to 11.39% in 2025, then gained by 4 bps to 10.97% in 2026.
  • Per Business Quant data, the three most recent Operating Margin figures were 10.97% in Q1 2026, 11.39% in Q4 2025, and 7.7% in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Operating Margin (Qtr)
1 Abbott Laboratories 201.40 Bn 194.75 Bn 6.27 Bn 12.05%
2 Stryker 122.29 Bn 119.41 Bn 3.81 Bn 15.55%
3 Medtronic 105.01 Bn 96.40 Bn 6.41 Bn 19.10%
4 Boston Scientific 64.81 Bn 63.59 Bn 3.61 Bn 21.16%
5 Edwards Lifesciences 55.28 Bn 51.60 Bn 1.29 Bn 28.97%
6 Dexcom 29.06 Bn 27.94 Bn 750.30 Mn 21.42%
7 Koninklijke Philips 29.02 Bn 25.93 Bn 2.07 Bn 6.17%
8 GE HealthCare Technologies 28.27 Bn 26.20 Bn 1.98 Bn 10.04%
9 Smith & Nephew 25.80 Bn 25.22 Bn - -
10 Inogen 172.68 Mn 62.51 Mn 37.86 Mn -10.97%

Historic Data

Download Data
DateValue
Mar 31, 2026 -10.97%
Dec 31, 2025 -11.39%
Sep 30, 2025 -7.70%
Jun 30, 2025 -6.64%
Mar 31, 2025 -9.30%
Dec 31, 2024 -14.22%
Sep 30, 2024 -8.77%
Jun 30, 2024 -7.96%
Mar 31, 2024 -20.86%
Dec 31, 2023 -38.19%
Sep 30, 2023 -55.64%
Jun 30, 2023 -14.07%
Mar 31, 2023 -30.37%
Dec 31, 2022 -66.40%
Sep 30, 2022 -9.77%
Jun 30, 2022 -2.78%
Mar 31, 2022 -16.90%
Dec 31, 2021 -6.09%
Sep 30, 2021 7.87%
Jun 30, 2021 11.49%