Natural Gas Services Group, Inc. (NGS) Financials

EPS

Hollow marker is the consensus estimate; filled is the reported figure, colored by beat or miss.

Revenue

Outlined bar is the consensus estimate; solid is reported.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
Q2 26	$0.33	$0.3	-9.1%	—	$51.4M	—
Q1 26	$0.44	$0.55	+25.0%	—	$48.5M	—
Q4 25	$0.35	$0.52	+48.6%	—	$46.1M	—
Q3 25	$0.34	$0.45	+32.4%	—	$43.4M	—
Q2 25	$0.31	$0.41	+32.3%	—	$41.4M	—
Q1 25	$0.27	$0.43	+59.3%	—	$41.4M	—
Q4 24	$0.26	$0.42	+61.5%	—	$40.7M	—
Q3 24	$0.24	$0.41	+70.8%	—	$40.7M	—
Q2 24	$0.29	$0.34	+17.2%	—	$38.5M	—
Q1 24	$0.21	$0.41	+95.2%	—	$36.9M	—
Q3 23	$0.08	$0.18	+125.0%	—	$31.4M	—
Q2 23	-$0.02	$0.1	+600.0%	—	$27M	—
Q1 23	-$0.06	$0.03	+150.0%	—	$26.6M	—
Q4 22	-$0.01	-$0.06	-500.0%	—	$23.8M	—
Q3 22	$0.01	-$0.01	-200.0%	—	$22M	—
Q2 22	-$0.06	-$0.01	+83.3%	—	$19.9M	—

EPS

Reported per-share earnings by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Revenue

Reported revenue by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
FY25	—	$1.59	—	—	$172.3M	—
FY24	—	$1.39	—	—	$156.7M	—
FY23	—	$0.39	—	—	$121.2M	—
FY22	—	-$0.05	—	—	$84.8M

Total revenue

Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	$71.7M	$67.7M	$65.5M	$78.4M	$68.1M	$72.4M	$84.8M	$121.2M	$156.7M	$172.3M
YoY change	-25.3%	-5.53%	-3.27%	+19.8%	-13.2%	+6.41%	+17.1%	+42.8%	+29.4%	+9.94%

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	71.7M	67.7M	65.5M	78.4M	68.1M	72.4M	84.8M	121.2M	156.7M	172.3M
Cost of revenue	53.7M	55.9M	56.9M	67.6M	60.6M	70.8M	70.5M	89M	100.1M	108.4M
Gross profit	18M	11.8M	8.6M	10.9M	7.4M	1.7M	14.4M	32.2M	56.6M	63.9M
Gross margin	25.1%	17.5%	13.1%	13.9%	10.9%	2.29%	16.9%	26.5%	36.1%	37.1%
Research & development	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	9M	10.1M	9.1M	10.7M	10.6M	10.8M	13.6M	16.5M	21M	22.4M
Operating expenses	9.6M	10.4M	9.1M	14.5M	10.7M	11M	13.7M	20.4M	22.9M	23.5M
Operating income	8.4M	1.5M	-507K	-3.6M	-3.3M	-9.3M	627K	11.7M	33.8M	40.4M
Operating margin	11.8%	2.17%	-0.77%	-4.59%	-4.86%	-12.9%	0.74%	9.69%	21.5%	23.4%
Non-operating income, net	43K	50K	182K	-10.9M	338K	-2.4M	-304K	-1M	-171K	-2.7M
Pretax income	8.5M	1.5M	-394K	-14.6M	-3M	-11.8M	-41K	6.6M	21.7M	26.5M
Income tax	2M	-18.3M	72K	-693K	-4.8M	-2.6M	528K	1.9M	4.4M	6.6M
Net income	6.5M	19.8M	-466K	-13.9M	1.8M	-9.2M	-569K	4.7M	17.2M	19.9M
Net margin	9.03%	29.2%	-0.71%	-17.7%	2.66%	-12.7%	-0.67%	3.92%	11%	11.6%
EBITDA	30.3M	22.8M	21.8M	20.3M	22.5M	16.8M	24.6M	38.5M	65.4M	78.6M
EPS	0.51	1.54	0.03	-1.06	0.14	-0.7	-0.05	0.39	1.39	1.59
Diluted EPS	0.5	1.51	0.03	-1.06	0.14	-0.7	-0.05	0.38	1.37	1.57

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Revenue	31.4M	36.2M	36.9M	38.5M	40.7M	40.7M	41.4M	41.4M	43.4M	46.1M	48.5M	51.4M
Cost of revenue	23.6M	23.1M	22.9M	25.2M	25.9M	26.1M	25.8M	26.1M	26.8M	29.7M	28.5M	31.6M
Gross profit	7.7M	13.1M	14M	13.3M	14.8M	14.5M	15.6M	15.3M	16.6M	16.4M	19.9M	19.8M
Gross margin	24.7%	36.2%	38%	34.5%	36.4%	35.7%	37.7%	36.9%	38.2%	35.6%	41.1%	38.6%
Research & development	—	—	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	2.8M	4.2M	4.7M	4.8M	5.2M	6.3M	5.4M	5.5M	5.9M	5.7M	6.5M	6.6M
Operating expenses	2.8M	4.2M	4.7M	4.8M	5.2M	6.3M	5.4M	5.5M	5.9M	6.8M	6.5M	6.6M
Operating income	4.9M	4.9M	9.3M	8.5M	9.6M	6.3M	10.2M	9.8M	10.7M	9.7M	13.4M	13.2M
Operating margin	15.6%	13.6%	25.3%	22.1%	23.6%	15.6%	24.6%	23.7%	24.7%	20.9%	27.7%	25.7%
Non-operating income, net	-87K	-514K	188K	-30K	-151K	-178K	-675K	228K	268K	-2.5M	-468K	-3.2M
Pretax income	3.2M	2.1M	6.6M	5.5M	6.4M	3.1M	6.3M	6.8M	7.6M	5.8M	8.9M	5.5M
Income tax	1M	431K	1.5M	1.3M	1.4M	283K	1.5M	1.6M	1.8M	1.7M	2.2M	1.7M
Net income	2.2M	1.7M	5.1M	4.3M	5M	2.9M	4.9M	5.2M	5.8M	4.1M	6.8M	3.8M
Net margin	6.92%	4.7%	13.8%	11%	12.3%	7.05%	11.7%	12.5%	13.3%	8.89%	14%	7.45%
EBITDA	11.6M	12.1M	16.6M	16.2M	17.7M	14.9M	18.8M	18.9M	19.9M	21.6M	23.3M	23.9M
EPS	0.18	—	0.41	0.34	0.4	0.23	0.39	0.42	0.46	0.33	0.54	0.3
Diluted EPS	0.18	—	0.41	0.34	0.4	0.23	0.38	0.41	0.46	0.32	0.53	0.3

P/E

Annual history by fiscal year; click a table row below to chart a different metric.

Current values are trailing twelve months where available, otherwise the latest fiscal year; unreported figures show a dash.

Key stats

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Market cap	408.4M	336.2M	213.1M	160.8M	125.4M	137.2M	141M	198M	332.6M	421.9M	422.4M
Enterprise value	344.7M	267.4M	160.9M	150.2M	97.3M	114.5M	162.8M	359.3M	500.7M	652.4M	752.3M
Shares outstanding	12.7M	12.8M	13M	13.1M	13.2M	13.1M	12.3M	12.3M	12.4M	12.5M	12.5M

Valuation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
P/E	63.1	17	—	—	69.3	—	—	41.7	19.3	21.2	20.6
P/S	5.7	4.97	3.26	2.05	1.84	1.89	1.66	1.63	2.12	2.45	2.25
P/B	1.75	1.31	0.82	0.65	0.5	0.58	0.61	0.84	1.3	1.54	1.45
EV/EBITDA	11.4	11.7	7.4	7.41	4.32	6.83	6.61	9.32	7.66	8.3	8.95
EV/Sales	4.81	3.95	2.46	1.91	1.43	1.58	1.92	2.97	3.19	3.79	3.97
Earnings yield	1.58%	5.89%	—	—	1.44%	—	—	2.4%	5.18%	4.72%	4.84%
FCF yield	6.97%	1.18%	-7.68%	-25.2%	13.9%	2.05%	-26.5%	-68.6%	-1.63%	-13.9%	-13.9%
PEG	—	—	—	—	—	—	—	—	—	—	-0.72

Profitability

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Gross margin	25.1%	17.5%	13.1%	13.9%	10.9%	2.29%	16.9%	26.5%	36.1%	37.1%	38.6%
Operating margin	11.8%	2.17%	-0.77%	-4.59%	-4.86%	-12.9%	0.74%	9.69%	21.5%	23.4%	19.3%
Net margin	9.03%	29.2%	-0.71%	-17.7%	2.66%	-12.7%	-0.67%	3.92%	11%	11.6%	10.8%
ROE	2.78%	7.69%	-0.18%	-5.6%	0.72%	-3.89%	-0.25%	2.01%	6.75%	7.25%	7.31%
ROA	2.2%	6.64%	-0.15%	-4.84%	0.59%	-3.08%	-0.17%	0.99%	3.5%	3.4%	4.39%
ROIC	3.81%	0.78%	-0.24%	-1.52%	-1.48%	-4.37%	0.25%	2.12%	6.35%	6%	5.53%
Return on tangible assets	2.39%	7.19%	-0.17%	-4.88%	0.59%	-3.1%	-0.17%	0.99%	3.5%	3.4%	2.87%

Financial health

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Current ratio	14.7	14.5	8.67	7.7	6.7	3.21	1.78	2.33	2.78	2.33	2.01
Quick ratio	11.4	11	5.91	3.87	4.86	2.26	1.01	1.67	1.74	1.49	1.12
Debt / equity	0	0	0	0	0	0	0.11	0.7	0.67	0.84	1.12
Debt / assets	0	0	0	0	0	0	0.08	0.34	0.35	0.39	0.46
Net debt / EBITDA	-2.1	-3.01	-2.4	-0.52	-1.24	-1.35	0.88	4.18	2.57	2.93	3.71
Interest coverage	1.1K	108.6	-4.71	-969.5	-212.1	-180.3	0.89	2.62	2.82	3.14	2.95
Effective tax rate	23.6%	0%	0%	0%	0%	0%	0%	28.3%	20.5%	24.9%	26.5%

Per share

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Revenue per share	5.64	5.28	5.05	5.98	5.15	5.53	6.89	9.84	12.6	13.7	15
EPS (basic)	0.51	1.54	0.03	-1.06	0.14	-0.7	-0.05	0.39	1.39	1.59	1.59
EPS (diluted)	0.5	1.51	0.03	-1.06	0.14	-0.7	-0.05	0.38	1.37	1.57	1.6
Book value per share	18.3	20.1	20	18.9	19	18	18.7	19.2	20.5	21.9	22.8
FCF per share	2.24	0.31	-1.26	-3.09	1.32	0.22	-3.04	-11	-0.44	-4.67	-2.44
Cash per share	5.05	5.39	4.06	0.88	2.19	1.75	0.27	0.22	0.17	0	0.01
Capex per share	0.25	1.05	3.08	5.33	1.12	1.95	5.26	12.5	5.75	—	—

Capital allocation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Capex / revenue	4.49%	19.9%	61.1%	89.1%	21.8%	35.2%	76.3%	126.7%	45.6%	—	—
Capex / operating cash flow	9.82%	68.1%	163.1%	369%	38.2%	133.3%	356.8%	1.4K%	87.8%	—	—
Payout ratio	—	—	—	—	—	—	—	—	—	13.2%	22.5%
Dividend yield	—	—	—	—	—	—	—	—	—	0.63%	1.83%

Yield

1.83%

trailing twelve months

Frequency

Quarterly

Last dividend

$0.15

ex-dividend Aug 19, 2026

Payout ratio

23%

of earnings

Dividend growth

0 years

consecutive annual raises

Dividend per share

Split-adjusted payout per share by ex-dividend date.

Recent payouts

Ex-dividend	Amount
Aug 19, 2026	$0.15
May 20, 2026	$0.15
Feb 18, 2026	$0.11
Nov 20, 2025	$0.11
Aug 8, 2025	$0.10

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Revenue	$31.4M	$36.2M	$36.9M	$38.5M	$40.7M	$40.7M	$41.4M	$41.4M	$43.4M	$46.1M	$48.5M	$51.4M
YoY change	+42.3%	+52.1%	+38.6%	+42.8%	+29.7%	+12.2%	+12.1%	+7.51%	+6.67%	+13.5%	+17.1%	+24.2%

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Cash & short-term investments	64.1M	69.2M	52.6M	11.6M	28.9M	22.9M	3.4M	2.7M	2.1M	0
Receivables	7.4M	8.5M	7.2M	9.1M	11.9M	10.4M	14.7M	39.2M	15.6M	18.5M
Inventory	21.4M	26.2M	30.2M	21.1M	19.9M	19.3M	23.4M	21.6M	18.1M	20.6M
Total current assets	95.4M	108.2M	94.9M	42.4M	72.7M	65.1M	54.1M	76.3M	48.2M	57.1M
Property, plant & equipment	176.9M	168.6M	186.6M	229.5M	214.6M	209.1M	249.5M	375.1M	418.9M	502.3M
Goodwill & intangibles	23.4M	23.1M	22.9M	2.6M	2.3M	2M	1.8M	1.6M	0	—
Total assets	293.5M	298.3M	304.2M	286.6M	306.8M	298.5M	328.2M	478.7M	492.5M	586.8M
Accounts payable	971K	4.2M	2.1M	2M	2.4M	4.8M	6.5M	17.6M	9.7M	14M
Short-term debt	417K	—	—	606K	615K	68K	155K	—	153K	462K
Total current liabilities	6.5M	7.5M	10.9M	5.5M	10.9M	20.3M	30.4M	32.7M	17.4M	24.5M
Long-term debt	0	417K	417K	415K	285K	217K	25M	164M	170M	230M
Total liabilities	60.6M	41M	45M	38.9M	55.3M	62.6M	98.2M	242.8M	237.5M	312.1M
Shareholders' equity	233M	257.3M	259.2M	247.7M	251.5M	235.9M	230.1M	235.9M	255.1M	274.7M
Total debt	417K	417K	417K	1M	900K	285K	25.2M	164M	170.2M	230.5M
Net debt	-63.7M	-68.8M	-52.2M	-10.6M	-28M	-22.7M	21.8M	161.3M	168M	230.5M

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Cash & short-term investments	197K	2.7M	5.2M	3.6M	410K	2.1M	2.1M	325K	0	0	2.3M	84K
Receivables	—	—	—	—	—	—	—	—	13.6M	18.5M	22.9M	22M
Inventory	—	—	—	—	—	—	—	—	21.5M	20.6M	21.8M	29.1M
Total current assets	—	—	—	—	—	—	—	—	51M	57.1M	63.1M	65.7M
Property, plant & equipment	—	—	—	—	—	—	—	—	485.8M	502.3M	510.4M	630.8M
Goodwill & intangibles	—	—	—	—	—	—	—	—	—	—	—	3.9M
Total assets	—	—	—	—	—	—	—	—	562.3M	586.8M	588.9M	718.3M
Accounts payable	—	—	—	—	—	—	—	—	12.3M	14M	11.5M	16.7M
Short-term debt	—	—	—	—	—	—	—	—	291K	462K	471K	1.3M
Total current liabilities	—	—	—	—	—	—	—	—	27.8M	24.5M	23.3M	32.6M
Long-term debt	—	—	—	—	—	—	—	—	208M	230M	226M	328M
Total liabilities	—	—	—	—	—	—	—	—	290.9M	312.1M	308.4M	423.9M
Shareholders' equity	—	—	—	—	—	—	—	—	271.4M	274.7M	280.5M	294.5M
Total debt	—	—	—	—	—	—	—	—	208.3M	230.5M	226.5M	329.3M
Net debt	—	—	—	—	—	—	—	—	208.3M	230.5M	224.2M	329.2M

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Net income	6.5M	19.8M	-466K	-13.9M	1.8M	-9.2M	-569K	4.7M	17.2M	19.9M
Depreciation & amortization	21.8M	21.3M	22.1M	23.3M	25.2M	25.4M	24.1M	26.6M	31.3M	36.7M
Stock-based compensation	2.3M	4M	2.4M	2.6M	2.2M	1.7M	1.9M	2.1M	1.8M	2.1M
Change in working capital	4.4M	-3.8M	54K	6.3M	-1.1M	961K	-8.5M	-25.5M	26.1M	-10M
Operating cash flow	32.8M	19.7M	24.5M	18.9M	38.9M	19.1M	18.1M	10.8M	81.3M	62.9M
Capital expenditure	-3.2M	-13.4M	-40M	-69.9M	-14.9M	-25.5M	-64.8M	-153.5M	-71.4M	—
Investing cash flow	-3.4M	-12.8M	-40.3M	-70.2M	-15.2M	-25.7M	-65.1M	-153.9M	-71.4M	96K
Dividends paid	—	—	—	—	—	—	—	—	—	-2.6M
Share repurchases	—	0	0	-490K	0	-7.9M	-6.7M	0	0	—
Financing cash flow	-851K	-667K	-664K	-779K	-157K	-9.3M	17.7M	135.2M	4.1M	56.1M
Net change in cash	28.5M	6.2M	-16.4M	-52M	23.6M	-15.8M	-29.2M	-7.8M	14M	119.1M
Free cash flow	28.5M	4M	-16.4M	-40.5M	17.4M	2.8M	-37.4M	-135.9M	-5.4M	-58.6M

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Net income	2.2M	1.7M	5.1M	4.3M	5M	2.9M	4.9M	5.2M	5.8M	4.1M	6.8M	3.8M
Depreciation & amortization	—	—	—	—	—	—	—	—	9.2M	9.8M	10.3M	11M
Stock-based compensation	—	—	—	—	—	—	—	—	612K	576K	579K	851K
Change in working capital	—	—	—	—	—	—	—	—	-5M	-1.1M	-2.4M	2.2M
Operating cash flow	2.2M	1.7M	5.1M	4.3M	5M	2.9M	4.9M	5.2M	16.8M	13.9M	23M	25.4M
Capital expenditure	—	—	—	—	—	—	—	—	—	—	—	—
Investing cash flow	—	—	—	—	—	—	—	—	-3K	0	37K	-108.7M
Dividends paid	—	—	—	—	—	—	—	—	-1.3M	-1.4M	-1.4M	-1.9M
Share repurchases	—	—	—	—	—	—	—	—	—	—	—	—
Financing cash flow	—	—	—	—	—	—	—	—	24.7M	20.6M	-5.6M	98.8M
Net change in cash	2.2M	1.7M	5.1M	4.3M	5M	2.9M	4.9M	5.2M	41.5M	34.5M	17.5M	15.6M
Free cash flow	—	—	—	—	—	—	—	—	-25.1M	-20.7M	7.8M	6.6M

Natural Gas Services Group, Inc. Financials

EPS

Revenue

Results

EPS

Revenue

Results

Total revenue

Total revenue

Revenue and profits

Condensed income statement

Revenue and profits

Condensed income statement

P/E

Key stats

Valuation

Profitability

Financial health

Per share

Capital allocation

Dividend per share

Recent payouts

Assets vs. liabilities & equity

Condensed balance sheet

Assets vs. liabilities & equity

Condensed balance sheet

Cash generation and uses

Condensed cash flow statement

Cash generation and uses

Condensed cash flow statement