What is Natural Gas Services Group, Inc.'s earnings per share (EPS)?

Natural Gas Services Group, Inc. (NGS) reported diluted earnings per share of $1.57 for fiscal year 2025. This represents a 14.6% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

Natural Gas Services Group, Inc. (NGS) Financials

NGS

Trailing 12 months to June 30, 2026

Revenue $189.4M +15.4% YoY

Net Income $20.5M +14.3% YoY

EPS (Diluted) $1.61 +14.2% YoY

Free Cash Flow -$31.3M -48.5% YoY

Market Cap $427.8M as of Oct 3, 2026

Price / Sales 2.3x on $189.4M revenue, trailing 12 months to June 30, 2026

Price / Earnings 20.9x on $20.5M net income, trailing 12 months to June 30, 2026

Price / Book 1.5x on $294.5M equity, Q2 FY2026

A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Oct 3, 2026; every other figure is from the SEC filings on this page. Not financial advice.

Source SEC Filings (10-K/10-Q) Latest period Q2 FY2026, ended Jun 30, 2026 Reported Aug 10, 2026 Currency USD FYE December

Newest figures come from the 10-Q for Q2 FY2026, filed Aug 10, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the NGS SEC filings page.

Natural Gas Services Group, Inc. (NGS) reported $189.4M in revenue over the twelve months to Jun 30, 2026, up 15.4% from the prior twelve months. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 15 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Rhea AI NGS FY2025 2026-10-03

The company is increasingly profitable and cash-generative from operations, but heavy equipment investment keeps free cash flow negative.

FY2025 operating cash flow was more than three times net income, yet capital expenditures were nearly twice operating cash flow, leaving free cash flow negative. At the same time, debt-to-equity rose from 0.7x in FY2023 to 1.1x in FY2025, linking expansion to a more leveraged financing structure.

Gross margin rose from 48.5% in FY2023 to 58.3% in FY2025, showing that growth arrived with better gross economics. Operating margin reached 21.7% in FY2025 while SG&A grew more slowly than revenue, pointing to operating leverage as a second source of improvement.

Capital intensity increased: capital expenditures were 70.5% of revenue in FY2025 versus 45.8% in FY2024, making reinvestment the dominant reason free cash flow stayed negative. That helps explain why assets grew 19.1% while liabilities grew 31.4%, leaving the business larger with a greater liability burden.

Financial Health Signals

Financial Health Score 49/100

Scored as: Energy peer group

Scored against energy companies for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →

Health score ≠ stock price. This rates the quality of Natural Gas Services Group, Inc.'s business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.

Profitability

Natural Gas Services Group, Inc. has an operating margin of 21.6%, meaning the company retains $22 of operating profit per $100 of revenue. This results in a moderate score of 49/100, indicating healthy but not exceptional operating efficiency. This is up from 21.3% the prior year.

Growth

Natural Gas Services Group, Inc.'s revenue grew 9.9% year-over-year to $172.3M, a solid pace of expansion. This earns a growth score of 83/100.

Leverage

Natural Gas Services Group, Inc. has a moderate D/E ratio of 1.14. This balance of debt and equity financing earns a leverage score of 41/100.

Liquidity

With a current ratio of 2.33, Natural Gas Services Group, Inc. holds $2.33 in current assets for every $1 of short-term obligations. This comfortable liquidity earns a score of 78/100.

Cash Flow

While Natural Gas Services Group, Inc. generated $62.9M in operating cash flow, capex of $121.5M consumed most of it, leaving -$58.6M in free cash flow. This results in a low score of 8/100, reflecting heavy capital investment rather than weak cash generation.

Returns

Natural Gas Services Group, Inc.'s ROE of 7.2% shows moderate profitability relative to equity, earning a score of 32/100. This is up from 6.8% the prior year.

Altman Z-Score Distress

1.80

Natural Gas Services Group, Inc. scores 1.80, below the 1.81 distress threshold. This indicates elevated financial distress risk and warrants close attention to liquidity and debt levels.

Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.

Piotroski F-Score Partial

4/8

Natural Gas Services Group, Inc. passes 4 of 8 computable financial strength tests (1 of the nine could not be computed from available data). 3 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), 1 of 2 efficiency signals pass.

Earnings Quality Cash-Backed

3.16x

For every $1 of reported earnings, Natural Gas Services Group, Inc. generates $3.16 in operating cash flow ($62.9M OCF vs $19.9M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.

Interest Coverage Adequate

2.75x

Natural Gas Services Group, Inc. earns $2.75 in operating income for every $1 of interest expense ($37.3M vs $13.6M). This adequate coverage means the company can meet its interest obligations, but has limited cushion if earnings fall.

Key Financial Metrics

Export CSV

Earnings & Revenue

Revenue

$51.4M

YoY+24.2%

QoQ+6.1%

5Y CAGR+23.7%

10Y CAGR+11.6%

Natural Gas Services Group, Inc. generated $51.4M in revenue in Q2 2026. This represents an increase of 24.2% from the same quarter a year earlier. Against the prior quarter it is up 6.1%.

EBITDA

$20.9M

YoY+10.6%

QoQ-10.7%

5Y CAGR+39.0%

10Y CAGR+11.1%

Natural Gas Services Group, Inc.'s EBITDA was $20.9M in Q2 2026, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 10.6% from the same quarter a year earlier. Against the prior quarter it is down 10.7%.

Net Income

$3.8M

YoY-26.2%

QoQ-43.4%

10Y CAGR+11.8%

Natural Gas Services Group, Inc. reported $3.8M in net income in Q2 2026. This represents a decrease of 26.2% from the same quarter a year earlier. Against the prior quarter it is down 43.4%.

EPS (Diluted)

$0.30

YoY-26.8%

QoQ-43.4%

10Y CAGR+11.6%

Natural Gas Services Group, Inc. earned $0.30 per diluted share (EPS) in Q2 2026. This represents a decrease of 26.8% from the same quarter a year earlier. Against the prior quarter it is down 43.4%.

Cash & Balance Sheet

Free Cash Flow

$6.6M

YoY+144.9%

QoQ-14.7%

10Y CAGR-3.1%

Natural Gas Services Group, Inc. generated $6.6M in free cash flow in Q2 2026, representing cash available after capex. This represents an increase of 144.9% from the same quarter a year earlier. Against the prior quarter it is down 14.7%.

Cash & Debt

$84K

YoY-74.2%

QoQ-96.4%

5Y CAGR-68.3%

10Y CAGR-47.4%

Natural Gas Services Group, Inc. held $84K in cash as of Q2 2026; long-term debt is not reported for that period.

Dividends Per Share

$0.15

QoQ+36.4%

Natural Gas Services Group, Inc. paid $0.15 per share in dividends in Q2 2026. Against the prior quarter it is up 36.4%.

Shares Outstanding

13M

YoY+2.8%

QoQ+2.4%

5Y CAGR-0.7%

10Y CAGR0.0%

Natural Gas Services Group, Inc. had 13M shares outstanding in Q2 2026. This represents an increase of 2.8% from the same quarter a year earlier. Against the prior quarter it is up 2.4%.

Margins & Returns

Gross Margin

59.9%

YoY+1.4pp

QoQ-2.5pp

Natural Gas Services Group, Inc.'s gross margin was 59.9% in Q2 2026, indicating the percentage of revenue retained after direct costs. This is up 1.4 percentage points from the same quarter a year earlier. Against the prior quarter it is down 2.5 percentage points.

Operating Margin

19.3%

YoY-4.7pp

QoQ-7.7pp

5Y change+32.2pp

10Y change+8.4pp

Natural Gas Services Group, Inc.'s operating margin was 19.3% in Q2 2026, reflecting core business profitability. This is down 4.7 percentage points from the same quarter a year earlier. Against the prior quarter it is down 7.7 percentage points.

Net Margin

7.4%

YoY-5.1pp

QoQ-6.5pp

5Y change+18.3pp

10Y change+0.1pp

Natural Gas Services Group, Inc.'s net profit margin was 7.4% in Q2 2026, showing the share of revenue converted to profit. This is down 5.1 percentage points from the same quarter a year earlier. Against the prior quarter it is down 6.5 percentage points.

Return on Equity

1.3%

YoY-0.7pp

QoQ-1.1pp

5Y change+2.1pp

10Y change+0.8pp

Natural Gas Services Group, Inc.'s ROE was 1.3% in Q2 2026, measuring profit generated per dollar of shareholder equity. This is down 0.7 percentage points from the same quarter a year earlier. Against the prior quarter it is down 1.1 percentage points.

Capital Allocation

Capital Expenditures

$18.8M

YoY-27.2%

QoQ+23.2%

5Y CAGR+19.8%

10Y CAGR+39.4%

Natural Gas Services Group, Inc. invested $18.8M in capex in Q2 2026, funding long-term assets and infrastructure. This represents a decrease of 27.2% from the same quarter a year earlier. Against the prior quarter it is up 23.2%.

R&D Spending

Not reported for Q2 2026.

Share Buybacks

Not reported for Q2 2026.

NGS Income Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

NGS quarterly income statement

Metric	TTM	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Revenue	$189.4M	$172.3M+9.9%	$156.7M+29.4%	$121.2M+42.8%	$84.8M+17.1%	$72.4M+6.4%	$68.1M-13.2%	$78.4M+19.8%	$65.5M-3.3%	$67.7M-5.5%	$71.7M-25.3%	$95.9M-1.1%	$97.0M+8.7%	$89.2M-4.8%	$93.7M+43.8%	$65.2M
Cost of Revenue	$76.3M	$71.8M+4.4%	$68.8M+10.1%	$62.5M+34.7%	$46.4M	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	$113.1M	$100.5M+14.3%	$88.0M+49.9%	$58.7M+52.6%	$38.5M	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$28.0M	$22.4M+6.7%	$21.0M+24.1%	$16.9M+21.9%	$13.9M+29.1%	$10.8M+2.0%	$10.6M-1.5%	$10.7M+17.7%	$9.1M-9.8%	$10.1M+11.9%	$9.0M-18.0%	$11.0M+6.3%	$10.3M+26.9%	$8.1M+3.1%	$7.9M+33.6%	$5.9M
Operating Income	$40.9M	$37.3M+11.9%	$33.3M+218.7%	$10.5M+2326.2%	$431K+103.5%	-$12.4M-244.8%	-$3.6M+76.2%	-$15.2M-2888.8%	-$507K-134.5%	$1.5M-82.6%	$8.4M-44.3%	$15.1M-31.1%	$22.0M-0.2%	$22.0M+8.9%	$20.2M+36.0%	$14.9M
EBITDA	N/A	$74.0M+14.4%	$64.7M+74.8%	$37.0M+50.8%	$24.5M+89.0%	$13.0M-39.9%	$21.6M+166.2%	$8.1M-62.4%	$21.6M-5.3%	$22.8M-24.6%	$30.2M-20.3%	$37.9M-12.8%	$43.5M+8.3%	$40.2M+11.8%	$35.9M+24.5%	$28.9M
Interest Expense	$15.6M	$13.6M+13.7%	$11.9M+192.2%	$4.1M+1021.4%	$364K+460.0%	$65K+364.3%	$14K-6.7%	$15K-78.3%	$69K+392.9%	$14K+75.0%	$8K-46.7%	$15K+50.0%	$10K-82.1%	$56K+211.1%	$18K-67.3%	$55K
Income Tax	$7.4M	$6.6M+48.7%	$4.4M+137.0%	$1.9M+254.7%	$528K+120.3%	-$2.6M+45.7%	-$4.8M-591.5%	-$693K-1062.5%	$72K+100.4%	-$18.3M-1016.2%	$2.0M-61.0%	$5.1M-36.3%	$8.0M-1.1%	$8.1M+7.9%	$7.5M+28.2%	$5.9M
Net Income	$20.5M	$19.9M+15.7%	$17.2M+262.9%	$4.7M+934.3%	-$569K+93.8%	-$9.2M-607.9%	$1.8M+113.0%	-$13.9M-2875.1%	-$466K-102.4%	$19.8M+206.0%	$6.5M-36.2%	$10.1M-28.2%	$14.1M-1.8%	$14.4M+13.4%	$12.7M+30.0%	$9.8M
EPS (Basic)	N/A	$1.59+14.4%	$1.39+256.4%	$0.39+880.0%	-$0.05+92.9%	-$0.70-600.0%	$0.14+113.2%	-$1.06-2550.0%	-$0.04-102.6%	$1.54+202.0%	$0.51-37.0%	$0.81-28.9%	$1.14-2.6%	$1.17+12.5%	$1.04+30.0%	$0.80
EPS (Diluted)	$1.61	$1.57+14.6%	$1.37+260.5%	$0.38+860.0%	-$0.05+92.9%	-$0.70-600.0%	$0.14+113.2%	-$1.06-2550.0%	-$0.04-102.6%	$1.51+202.0%	$0.50-36.7%	$0.79-28.8%	$1.11-3.5%	$1.15+11.7%	$1.03+28.7%	$0.80
Diluted Shares (Avg)	N/A	13M+1.1%	13M+1.4%	12M+0.6%	12M-6.1%	13M-1.2%	13M+1.1%	13M+1.1%	13M-1.1%	13M+1.4%	13M+1.1%	13M+0.6%	13M+1.4%	13M+1.9%	12M+0.6%	12M

Metric	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q
Revenue	$51.4M+24.2%	$48.5M+17.1%	$46.1M+13.5%	$43.4M+6.7%	$41.4M+7.5%	$41.4M+12.1%	$40.7M+12.2%	$40.7M+29.7%
Cost of Revenue	$20.6M+20.0%	$18.2M+6.4%	$19.9M+12.7%	$17.6M-1.2%	$17.2M-1.9%	$17.1M+8.4%	$17.7M	$17.8M
Gross Profit	$30.8M+27.2%	$30.2M+24.7%	$26.2M+14.1%	$25.8M+12.8%	$24.2M+15.3%	$24.3M+14.9%	$23.0M	$22.9M
SG&A Expenses	$9.9M+81.7%	$6.5M+21.0%	$5.7M-2.1%	$5.9M+7.5%	$5.5M+8.6%	$5.4M+14.4%	$5.8M+24.8%	$5.5M+91.9%
Operating Income	$9.9M0.0%	$13.1M+37.5%	$7.1M+17.7%	$10.8M+13.7%	$9.9M+16.7%	$9.5M+2.0%	$6.0M+36.1%	$9.5M+92.8%
EBITDA	$20.9M+10.6%	$23.4M+29.0%	$16.9M+16.6%	$20.0M+14.0%	$18.9M+16.5%	$18.1M+10.6%	$14.5M+25.1%	$17.5M+49.8%
Interest Expense	$4.4M+37.0%	$4.0M+27.1%	$3.7M+24.0%	$3.4M+12.1%	$3.2M+10.6%	$3.2M+8.0%	$3.0M+31.3%	$3.0M+90.3%
Income Tax	$1.7M+7.4%	$2.2M+45.5%	$1.7M+516.6%	$1.8M+28.6%	$1.6M+23.4%	$1.5M+0.2%	$283K-33.9%	$1.4M+32.2%
Net Income	$3.8M-26.2%	$6.8M+39.3%	$4.1M+43.2%	$5.8M+15.4%	$5.2M+22.1%	$4.9M-4.8%	$2.9M+68.3%	$5.0M+131.0%
EPS (Basic)	$0.30-28.6%	$0.54+38.5%	$0.33+43.5%	$0.46+15.0%	$0.42+23.5%	$0.39-4.9%	$0.23+64.3%	$0.40+122.2%
EPS (Diluted)	$0.30-26.8%	$0.53+39.5%	$0.32+45.5%	$0.46+15.0%	$0.41+20.6%	$0.38-7.3%	$0.22+69.2%	$0.40+122.2%
Diluted Shares (Avg)	13M+1.7%	13M+1.1%	N/A	13M+1.3%	13M+1.1%	13M+1.2%	N/A	13M+1.0%

Not reported in any period shown, so not listed: R&D Expenses.

NGS Balance Sheet

NGS quarterly balance sheet

Metric	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Total Assets	$586.8M+19.1%	$492.5M+2.9%	$478.7M+45.8%	$328.2M+10.0%	$298.5M-2.7%	$306.8M+7.1%	$286.6M-5.8%	$304.2M+2.0%	$298.3M+1.6%	$293.5M+2.8%	$285.6M+1.0%	$282.7M+10.2%	$256.6M+10.2%	$232.8M+9.7%	$212.2M
Current Assets	$57.1M+18.6%	$48.2M-36.8%	$76.3M+40.9%	$54.1M-16.8%	$65.1M-10.5%	$72.7M+71.4%	$42.4M-55.3%	$94.9M-12.3%	$108.2M+13.5%	$95.4M+30.3%	$73.2M+32.9%	$55.1M-9.2%	$60.6M-2.2%	$62.0M+25.3%	$49.5M
Cash & Equivalents	$0-100.0%	$2.1M-22.0%	$2.7M-18.6%	$3.4M-85.3%	$22.9M-20.7%	$28.9M+149.5%	$11.6M-78.0%	$52.6M-24.0%	$69.2M+8.0%	$64.1M+80.4%	$35.5M+474.9%	$6.2M-74.7%	$24.4M-13.0%	$28.1M+71.4%	$16.4M
Short-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
Inventory	$20.6M+14.4%	$18.1M-16.6%	$21.6M-7.6%	$23.4M+21.1%	$19.3M-3.0%	$19.9M-5.5%	$21.1M-30.2%	$30.2M+15.1%	$26.2M+22.4%	$21.4M-22.7%	$27.7M-15.0%	$32.6M+21.6%	$26.8M+1.2%	$26.5M-1.7%	$27.0M
Accounts Receivable	$18.5M+18.4%	$15.6M-60.1%	$39.2M+167.2%	$14.7M+41.2%	$10.4M-12.6%	$11.9M+30.5%	$9.1M+26.1%	$7.2M-15.4%	$8.5M+15.7%	$7.4M-19.0%	$9.1M-12.5%	$10.4M+54.2%	$6.8M+0.9%	$6.7M+17.8%	$5.7M
Long-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
Goodwill	$0	N/A	N/A	N/A	N/A	N/A	$0-100.0%	$10.0M0.0%	$10.0M0.0%	$10.0M0.0%	$10.0M0.0%	$10.0M0.0%	$10.0M0.0%	$10.0M0.0%	$10.0M
Total Liabilities	$312.1M+31.4%	$237.5M-2.2%	$242.8M+147.4%	$98.2M+56.8%	$62.6M+13.3%	$55.3M+42.1%	$38.9M-13.5%	$45.0M+9.7%	$41.0M-32.3%	$60.6M-1.6%	$61.6M-14.6%	$72.1M+13.0%	$63.9M+12.2%	$56.9M+12.5%	$50.6M
Current Liabilities	$24.5M+41.2%	$17.4M-46.9%	$32.7M+7.6%	$30.4M+49.9%	$20.3M+86.7%	$10.9M+97.2%	$5.5M-49.7%	$10.9M+46.9%	$7.5M+14.7%	$6.5M+42.3%	$4.6M-65.5%	$13.2M+8.7%	$12.2M+3.4%	$11.8M-4.3%	$12.3M
Non-Current Liabilities	$287.6M+30.6%	$220.1M+4.8%	$210.1M+210.0%	$67.8M+60.1%	$42.3M-4.7%	$44.4M+33.0%	$33.4M-1.9%	$34.0M+1.4%	$33.5M-38.0%	$54.1M-5.1%	$57.0M-3.2%	$58.9M+14.0%	$51.7M+14.4%	$45.1M+17.8%	$38.3M
Long-Term Debt	N/A	N/A	$164.0M+556.0%	$25.0M	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	$274.7M+7.7%	$255.1M+8.1%	$235.9M+2.5%	$230.1M-2.5%	$235.9M-6.2%	$251.5M+1.6%	$247.7M-4.5%	$259.2M+0.8%	$257.3M+10.4%	$233.0M+4.0%	$224.0M+6.4%	$210.6M+9.3%	$192.7M+9.6%	$175.8M+8.8%	$161.5M
Retained Earnings	$168.8M+11.4%	$151.5M+12.8%	$134.3M+3.7%	$129.5M-0.4%	$130.1M-6.6%	$139.3M+1.3%	$137.5M-9.2%	$151.3M-0.3%	$151.8M+15.0%	$132.0M+5.2%	$125.5M+8.8%	$115.4M+14.0%	$101.3M+16.6%	$86.9M+17.1%	$74.2M

Metric	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q
Total Assets	$718.3M+36.7%	$588.9M+17.4%	$586.8M+19.1%	$562.3M+12.9%	$525.5M+7.4%	$501.7M+3.2%	$492.5M+2.9%	$498.1M+10.2%
Current Assets	$65.7M+34.3%	$63.1M+33.7%	$57.1M+18.6%	$51.0M-13.5%	$48.9M-30.6%	$47.2M-40.2%	$48.2M-36.8%	$59.0M-12.4%
Cash & Equivalents	$84K-74.2%	$2.3M+7.6%	$0-100.0%	$0-100.0%	$325K-91.0%	$2.1M-59.0%	$2.1M-22.0%	$410K+108.1%
Short-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0
Inventory	$29.1M+58.8%	$21.8M+25.6%	$20.6M+14.4%	$21.5M+6.6%	$18.3M-9.5%	$17.3M-7.8%	$18.1M-16.6%	$20.2M-22.7%
Accounts Receivable	$22.0M+60.3%	$22.9M+48.9%	$18.5M+18.4%	$13.6M-45.1%	$13.7M-58.4%	$15.4M-63.6%	$15.6M-60.1%	$24.8M-11.5%
Long-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0
Goodwill	$824K	N/A	$0	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$423.9M+63.5%	$308.4M+27.7%	$312.1M+31.4%	$290.9M+17.8%	$259.3M+6.5%	$241.4M-1.4%	$237.5M-2.2%	$246.9M+13.3%
Current Liabilities	$32.6M+31.6%	$23.3M+4.0%	$24.5M+41.2%	$27.8M-17.1%	$24.8M-17.8%	$22.4M-8.1%	$17.4M-46.9%	$33.5M-25.9%
Non-Current Liabilities	$391.2M+66.8%	$285.0M+30.2%	$287.6M+30.6%	$263.1M+23.3%	$234.5M+9.9%	$219.0M-0.7%	$220.1M+4.8%	$213.4M+23.6%
Total Equity	$294.5M+10.6%	$280.5M+7.8%	$274.7M+7.7%	$271.4M+8.1%	$266.2M+8.4%	$260.3M+7.9%	$255.1M+8.1%	$251.2M+7.4%
Retained Earnings	$176.1M+9.0%	$174.1M+11.4%	$168.8M+11.4%	$166.1M+11.7%	$161.6M+12.5%	$156.4M+12.2%	$151.5M+12.8%	$148.6M+12.1%

Not reported in any period shown, so not listed: Long-Term Debt.

NGS Cash Flow Statement

NGS quarterly cash flow statement

Metric	TTM	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Operating Cash Flow	$79.1M	$62.9M-5.3%	$66.5M+268.6%	$18.0M-35.0%	$27.8M-2.7%	$28.5M-12.6%	$32.6M+11.0%	$29.4M+24.2%	$23.7M+35.4%	$17.5M-44.9%	$31.8M-23.5%	$41.6M+20.3%	$34.6M-11.9%	$39.2M+10.8%	$35.4M+5.3%	$33.6M
Depreciation & Amortization	N/A	$36.7M+16.9%	$31.3M+18.1%	$26.6M+10.1%	$24.1M-5.0%	$25.4M+0.8%	$25.2M+8.3%	$23.3M+5.4%	$22.1M+3.6%	$21.3M-2.2%	$21.8M-4.2%	$22.8M+5.8%	$21.5M+18.5%	$18.1M+15.5%	$15.7M+12.2%	$14.0M
Stock-Based Compensation	N/A	$2.1M+16.7%	$1.8M-11.3%	$2.1M+7.5%	$1.9M+9.9%	$1.7M-20.8%	$2.2M-15.0%	$2.6M+8.3%	$2.4M-40.9%	$4.0M+75.6%	$2.3M-35.1%	$3.5M+9.3%	$3.2M+92.9%	$1.7M+18.6%	$1.4M+32.8%	$1.1M
Capital Expenditures	$110.5M	$121.5M+69.0%	$71.9M-53.3%	$153.9M+136.4%	$65.1M+153.3%	$25.7M+68.5%	$15.3M-78.2%	$69.9M+74.6%	$40.1M+196.0%	$13.5M+307.6%	$3.3M-73.3%	$12.5M-76.6%	$53.3M+22.9%	$43.4M+82.7%	$23.8M-34.9%	$36.5M
Free Cash Flow	-$31.3M	-$58.6M-978.3%	-$5.4M+96.0%	-$135.9M-263.8%	-$37.4M-1426.2%	$2.8M-83.8%	$17.4M+142.9%	-$40.5M-147.5%	-$16.4M-513.2%	$4.0M-86.1%	$28.5M-2.2%	$29.1M+255.0%	-$18.8M-349.8%	-$4.2M-135.8%	$11.7M+501.5%	-$2.9M
Investing Cash Flow	-$219.0M	-$121.3M-69.8%	-$71.4M+53.6%	-$153.9M-136.5%	-$65.1M-153.6%	-$25.7M-69.3%	-$15.2M+78.4%	-$70.2M-74.2%	-$40.3M-213.8%	-$12.8M-276.0%	-$3.4M+72.2%	-$12.3M+76.9%	-$53.1M-22.6%	-$43.3M-82.3%	-$23.8M+33.1%	-$35.5M
Financing Cash Flow	$139.6M	$56.2M+1185.8%	$4.4M-96.8%	$135.2M+662.1%	$17.7M+300.6%	-$8.8M-5533.8%	-$157K+42.5%	-$273K-1806.3%	$16K-96.5%	$453K+137.2%	$191K+247.3%	$55K-80.1%	$276K-36.8%	$437K+1020.5%	$39K+104.5%	-$864K
Dividends Paid	$5.9M	$2.6M	$0	$0	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	N/A	N/A	$0	$0-100.0%	$6.7M-15.2%	$7.9M	$0-100.0%	$490K	$0	$0	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q
Operating Cash Flow	$25.4M+131.3%	$23.0M+8.3%	$13.9M+47.1%	$16.8M-35.2%	$11.0M-56.9%	$21.3M+279.2%	$9.4M+223.0%	$25.9M+748.4%
Depreciation & Amortization	$11.0M+22.4%	$10.3M+19.6%	$9.8M+15.7%	$9.2M+14.4%	$9.0M+16.4%	$8.6M+21.9%	$8.5M+18.3%	$8.1M+18.8%
Stock-Based Compensation	$939K+31.1%	$579K+61.3%	N/A	$751K+32.2%	$716K+177.5%	$359K+31.0%	N/A	$568K
Capital Expenditures	$18.8M-27.2%	$15.2M-20.8%	$34.6M+137.6%	$41.9M+43.9%	$25.8M+48.9%	$19.3M+76.1%	$14.5M-42.7%	$29.1M-17.1%
Free Cash Flow	$6.6M+144.9%	$7.8M+287.3%	-$20.7M-304.4%	-$25.1M-690.6%	-$14.8M-281.1%	$2.0M+137.8%	-$5.1M+84.5%	-$3.2M+90.1%
Investing Cash Flow	-$127.5M-395.9%	-$15.2M+21.0%	-$34.5M-133.6%	-$41.9M-45.3%	-$25.7M-51.7%	-$19.3M-76.0%	-$14.8M+41.4%	-$28.8M+18.0%
Financing Cash Flow	$99.8M+674.4%	-$5.5M-174.9%	$20.6M+191.7%	$24.7M+7734.3%	$12.9M+226.4%	-$2.0M-125.6%	$7.1M-80.0%	-$324K-101.2%
Dividends Paid	$1.9M	$1.4M	$1.4M	$1.3M	$0	$0	$0	N/A

Not reported in any period shown, so not listed: Share Buybacks.

NGS Financial Ratios

Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

NGS quarterly financial ratios

Metric	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Gross Margin	58.3%+2.2pp	56.1%+7.7pp	48.5%+3.1pp	45.4%	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	21.6%+0.4pp	21.3%+12.6pp	8.6%+8.1pp	0.5%+17.6pp	-17.1%-11.8pp	-5.3%+14.0pp	-19.3%-18.6pp	-0.8%-2.9pp	2.2%-9.6pp	11.8%-4.0pp	15.8%-6.9pp	22.7%-2.0pp	24.7%+3.1pp	21.6%-1.2pp	22.8%
Net Margin	11.6%+0.6pp	11.0%+7.1pp	3.9%+4.6pp	-0.7%+12.0pp	-12.7%-15.3pp	2.7%+20.3pp	-17.7%-17.0pp	-0.7%-29.9pp	29.2%+20.2pp	9.0%-1.6pp	10.6%-4.0pp	14.6%-1.6pp	16.1%+2.6pp	13.5%-1.4pp	15.0%
Return on Equity	7.2%+0.5pp	6.8%+4.7pp	2.0%+2.3pp	-0.3%+3.6pp	-3.9%-4.6pp	0.7%+6.3pp	-5.6%-5.4pp	-0.2%-7.9pp	7.7%+4.9pp	2.8%-1.8pp	4.5%-2.2pp	6.7%-0.8pp	7.5%+0.3pp	7.2%+1.2pp	6.0%
Return on Assets	3.4%-0.1pp	3.5%+2.5pp	1.0%+1.2pp	-0.2%+2.9pp	-3.1%-3.7pp	0.6%+5.4pp	-4.8%-4.7pp	-0.1%-6.8pp	6.6%+4.4pp	2.2%-1.3pp	3.5%-1.5pp	5.0%-0.6pp	5.6%+0.2pp	5.5%+0.9pp	4.6%
Current Ratio	2.33-0.4x	2.78+0.4x	2.33+0.6x	1.78-1.4x	3.21-3.5x	6.70-1.0x	7.70-1.0x	8.67-5.8x	14.52-0.1x	14.67-1.4x	16.03+11.9x	4.16-0.8x	4.97-0.3x	5.26+1.2x	4.02
Debt-to-Equity	1.14+0.2x	0.93+0.2x	0.70+0.6x	0.11-0.2x	0.270.0x	0.22+0.1x	0.160.0x	0.170.0x	0.16-0.1x	0.260.0x	0.27-0.1x	0.340.0x	0.330.0x	0.320.0x	0.31
Asset Turnover	0.290.0x	0.32+0.1x	0.250.0x	0.260.0x	0.240.0x	0.22-0.1x	0.27+0.1x	0.220.0x	0.230.0x	0.24-0.1x	0.340.0x	0.340.0x	0.35-0.1x	0.40+0.1x	0.31
FCF Margin	-34.0%-30.5pp	-3.5%	-112.2%	-44.0%-47.9pp	3.9%-21.7pp	25.6%+77.2pp	-51.7%-26.6pp	-25.0%-30.9pp	5.9%-33.9pp	39.7%+9.4pp	30.3%+49.7pp	-19.4%-14.7pp	-4.7%-17.1pp	12.4%+16.9pp	-4.5%

Metric	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q
Gross Margin	59.9%+1.4pp	62.4%+3.8pp	56.8%+0.3pp	59.5%+3.2pp	58.5%+4.0pp	58.6%+1.4pp	56.5%	56.3%
Operating Margin	19.3%-4.7pp	27.0%+4.0pp	15.4%+0.5pp	24.8%+1.5pp	24.0%+1.9pp	23.0%-2.3pp	14.9%+2.6pp	23.2%+7.6pp
Net Margin	7.4%-5.1pp	14.0%+2.2pp	8.9%+1.8pp	13.3%+1.0pp	12.5%+1.5pp	11.7%-2.1pp	7.0%+2.3pp	12.3%+5.4pp
Return on Equity	1.3%-0.7pp	2.4%+0.5pp	1.5%+0.4pp	2.1%+0.1pp	1.9%+0.2pp	1.9%-0.2pp	1.1%+0.4pp	2.0%+1.1pp
Return on Assets	0.5%-0.5pp	1.1%+0.2pp	0.7%+0.1pp	1.0%0.0pp	1.0%+0.1pp	1.0%-0.1pp	0.6%+0.2pp	1.0%+0.5pp
Current Ratio	2.010.0x	2.70+0.6x	2.33-0.4x	1.83+0.1x	1.97-0.4x	2.10-1.1x	2.78+0.4x	1.76+0.3x
Debt-to-Equity	1.44+0.5x	1.10+0.2x	1.14+0.2x	1.07+0.1x	0.97+0.3x	0.93+0.2x	0.93+0.2x	0.98+0.4x
Asset Turnover	0.070.0x	0.080.0x	0.080.0x	0.080.0x	0.080.0x	0.080.0x	0.080.0x	0.080.0x
FCF Margin	12.9%+48.7pp	16.1%+11.2pp	-44.9%-32.3pp	-57.8%-50.0pp	-35.8%-57.0pp	4.9%+19.3pp	-12.6%+78.6pp	-7.8%

Similar Companies

Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.

Company	Fiscal year	Revenue	Net income	Net margin	Market cap	Health score
Natural Gas Services Group, Inc. NGS	FY2025	$172.3M	$19.9M	11.6%	$427.8M	49/100
OIL STATES INTERNATIONAL, INC. OIS	FY2025	$669.0M	-$109.4M	-16.4%	$496.5M	44/100
Forum Energy Technologies, Inc. FET	FY2025	$791.5M	-$9.7M	-1.2%	$953.8M	43/100
Flotek Industries, Inc. FTK	FY2025	$237.3M	$30.5M	12.9%	$1.1B	47/100
Ranger Energy Services, Inc. RNGR	FY2025	$546.9M	$12.3M	2.3%	$366.5M	47/100

Where Natural Gas Services Group, Inc. Ranks

Frequently Asked Questions

What is Natural Gas Services Group, Inc.'s annual revenue?

Natural Gas Services Group, Inc. (NGS) reported $172.3M in total revenue for fiscal year 2025. This represents a 9.9% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is Natural Gas Services Group, Inc.'s revenue growing?

Natural Gas Services Group, Inc. (NGS) revenue grew by 9.9% year-over-year, from $156.7M to $172.3M in fiscal year 2025.

Is Natural Gas Services Group, Inc. profitable?

Yes, Natural Gas Services Group, Inc. (NGS) reported a net income of $19.9M in fiscal year 2025, with a net profit margin of 11.6%.

What is Natural Gas Services Group, Inc.'s EBITDA?

Natural Gas Services Group, Inc. (NGS) had EBITDA of $74.0M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.

What is Natural Gas Services Group, Inc.'s gross margin?

Natural Gas Services Group, Inc. (NGS) had a gross margin of 58.3% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.

What is Natural Gas Services Group, Inc.'s operating margin?

Natural Gas Services Group, Inc. (NGS) had an operating margin of 21.6% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.

What is Natural Gas Services Group, Inc.'s net profit margin?

Natural Gas Services Group, Inc. (NGS) had a net profit margin of 11.6% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

What is Natural Gas Services Group, Inc.'s return on equity (ROE)?

Natural Gas Services Group, Inc. (NGS) has a return on equity of 7.2% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

What is Natural Gas Services Group, Inc.'s free cash flow?

Natural Gas Services Group, Inc. (NGS) recorded an outflow of $58.6M in free cash flow during fiscal year 2025. This represents a -978.3% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

What is Natural Gas Services Group, Inc.'s operating cash flow?

Natural Gas Services Group, Inc. (NGS) generated $62.9M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are Natural Gas Services Group, Inc.'s total assets?

Natural Gas Services Group, Inc. (NGS) had $586.8M in total assets as of fiscal year 2025, including both current and long-term assets.

What are Natural Gas Services Group, Inc.'s capital expenditures?

Natural Gas Services Group, Inc. (NGS) invested $121.5M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

How many shares does Natural Gas Services Group, Inc. have outstanding?

Natural Gas Services Group, Inc. (NGS) had 13M shares outstanding as of fiscal year 2025.

What is Natural Gas Services Group, Inc.'s current ratio?

Natural Gas Services Group, Inc. (NGS) had a current ratio of 2.33 as of fiscal year 2025, which is generally considered healthy.

What is Natural Gas Services Group, Inc.'s debt-to-equity ratio?

Natural Gas Services Group, Inc. (NGS) had a debt-to-equity ratio of 1.14 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Natural Gas Services Group, Inc.'s return on assets (ROA)?

Natural Gas Services Group, Inc. (NGS) had a return on assets of 3.4% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is Natural Gas Services Group, Inc.'s P/E ratio?

Natural Gas Services Group, Inc. (NGS) trades at 20.9x earnings, its market capitalization divided by net income of $20.5M net income, trailing 12 months to June 30, 2026. The market capitalization is $427.8M as of Oct 3, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

What is Natural Gas Services Group, Inc.'s price-to-sales ratio?

Natural Gas Services Group, Inc. (NGS) trades at 2.3x sales, its market capitalization divided by revenue of $189.4M revenue, trailing 12 months to June 30, 2026. The market capitalization is $427.8M as of Oct 3, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

What is Natural Gas Services Group, Inc.'s Altman Z-Score?

Natural Gas Services Group, Inc. (NGS) has an Altman Z-Score of 1.80, placing it in the Distress Zone (elevated bankruptcy risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.

What is Natural Gas Services Group, Inc.'s Piotroski F-Score?

Natural Gas Services Group, Inc. (NGS) has a Piotroski F-Score of 4 out of 8 computable signals; 1 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Natural Gas Services Group, Inc.'s earnings high quality?

Natural Gas Services Group, Inc. (NGS) has an earnings quality ratio of 3.16x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

Can Natural Gas Services Group, Inc. cover its interest payments?

Natural Gas Services Group, Inc. (NGS) has an interest coverage ratio of 2.75x, meaning it can adequately cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.

How financially healthy is Natural Gas Services Group, Inc.?

Natural Gas Services Group, Inc. (NGS) scores 49 out of 100 on our Financial Health Score, indicating moderate standing within its energy companies peer group. The score is a 0-100 composite of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.