undamentalytics Newsletter

Inogen vs Procept Biorobotics

Inogen and Procept Biorobotics are similar in size: $349m and $308m of revenue in their latest fiscal years. Procept Biorobotics grew faster (37.2% against 3.9%). Inogen kept more of each dollar of sales as profit: a net margin of -6.5% against -31.0%. Inogen carries less debt relative to equity (0.0% against 14.2%).

Latest fiscal yearInogenINGN, 2025Procept BioroboticsPRCT, 2025
Revenue $349m $308m
Revenue growth 3.9% 37.2%
Net income −$22.7m −$95.6m
Operating margin -8.7% -33.7%
Net margin -6.5% -31.0%
Return on equity -12.4% -24.9%
Free cash flow −$13.7m −$58.3m
Cash $104m $287m
Total debt $0 $52.0m
Debt to equity 0.0% 14.2%
Dividend per share — —
Dividend yield — —
Share buybacks — —
Employees — 888
Market value $186m $1.16bn
Price vs our value range — —
Moat score 41 (Weak) 25 (Weak)
Insider trades, 12 months 0 buys, 2 sales 8 buys, 14 sales

Each figure is from the company's latest annual report and links to the page it comes from. Fiscal years can end on different dates. Market value and the value verdict use the delayed price shown on the stock pages. Not a recommendation.

Go deeper

Figures from each company's latest annual report filed with the SEC (10-K or 20-F), as reported, with the fiscal year shown. Not investment advice. How we read filings: methodology.