Inogen (INGN) Operating Margin (2013 - 2026)
Inogen (INGN) posted quarterly Operating Margin of 10.97% for Q1 2026, down 166.0% year-over-year from 16.62% in Q1 2025, and up 3.67% quarter-over-quarter from 11.39% in Q4 2025.
Inogen (INGN) Operating Margin (2013 - 2026) Analysis & Trends
Inogen (INGN) has reported Operating Margin for 14 consecutive years, with 10.97% the latest figure, recorded in Q1 2026.
- In Q1 2026, Operating Margin fell 166.0% year-over-year to 10.97%; the TTM figure through Mar 2026 stood at 9.07% (up 90.0% YoY), while the FY2025 annual figure was 8.66%, up 400.0% from the prior year.
- Operating Margin climbed to 10.97% in Q1 2026 per INGN's latest filing, from 11.39% in the prior quarter.
- Across five years, Operating Margin topped out at 2.78% in Q2 2022 and bottomed at 66.4% in Q4 2022.
- Historically, Operating Margin has averaged 19.52% across 5 years, with a median of 11.39% in 2025.
- Annual changes were most pronounced in 2022 — Operating Margin plunged 6031 bps — and 2024, when it soared 4687 bps.
- Inogen's Operating Margin stood at 66.4% in 2022, then soared by 42 bps to 38.19% in 2023, then jumped by 63 bps to 14.22% in 2024, then grew by 20 bps to 11.39% in 2025, then increased by 4 bps to 10.97% in 2026.
- Business Quant data shows INGN's Operating Margin at 10.97% in Q1 2026, 11.39% in Q4 2025, and 7.7% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Abbott Laboratories | 199.12 Bn | 193.52 Bn | 7.27 Bn | 13.44% |
| 2 | Stryker | 128.79 Bn | 125.32 Bn | 4.50 Bn | 25.18% |
| 3 | Medtronic | 119.30 Bn | 110.08 Bn | 6.41 Bn | 19.10% |
| 4 | Boston Scientific | 73.50 Bn | 72.96 Bn | 3.85 Bn | 21.65% |
| 5 | Edwards Lifesciences | 52.11 Bn | 47.86 Bn | 1.35 Bn | 29.48% |
| 6 | Dexcom | 34.62 Bn | 32.67 Bn | 830.00 Mn | 24.33% |
| 7 | GE HealthCare Technologies | 34.05 Bn | 31.94 Bn | 2.18 Bn | 13.96% |
| 8 | Koninklijke Philips | 26.42 Bn | 23.10 Bn | 4.55 Bn | 10.30% |
| 9 | Steris | 23.15 Bn | 22.67 Bn | 684.20 Mn | 19.15% |
| 10 | Inogen | 152.83 Mn | 47.29 Mn | 43.27 Mn | -5.36% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | -5.36% |
| 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% |