What is Natural Gas Services Group's operating income?

Natural Gas Services Group's total operating income in 2025 was $37.30 million, based on the following breakdown: Total Gross Profit: $100.54 million Total Operating Expenses: $63.24 million

Natural Gas Services Group (NGS) Financials

$36.45 -2.42 (-6.22%)

Closing price 07/24/2026 03:59 PM Eastern

Extended Trading

$36.94 +0.48 (+1.33%)

As of 07/24/2026 07:34 PM Eastern

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Annual Income Statements for Natural Gas Services Group

This table shows Natural Gas Services Group's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Net Income / (Loss) Attributable to Common Shareholders	10	6.47	20	-0.47	-14	1.81	-9.18	-0.57	4.75	17	20
Consolidated Net Income / (Loss)	10	6.47	20	-0.47	-14	1.81	-9.18	-0.57	4.75	17	20
Net Income / (Loss) Continuing Operations	10	6.47	20	-0.47	-14	1.81	-9.18	-0.57	4.75	17	20
Total Pre-Tax Income	15	8.47	1.51	-0.39	-15	-2.98	-12	-0.04	6.62	22	27
Total Operating Income	15	8.43	1.47	-0.51	-15	-3.60	-12	0.43	10	33	37
Total Gross Profit	96	71	67	65	60	67	72	38	59	88	101
Total Revenue	96	72	68	65	78	68	72	85	63	157	172
Operating Revenue	96	72	68	65	78	68	72	85	63	157	172
Total Cost of Revenue	0.00	0.40	0.37	0.39	18	0.71	0.90	46	4.66	69	72
Operating Cost of Revenue	-	0.40	0.37	0.39	18	0.71	0.90	46	4.66	69	72
Total Operating Expenses	81	63	66	66	75	71	84	38	48	55	63
Selling, General & Admin Expense	11	9.01	10	9.10	11	11	11	14	17	21	22
Depreciation Expense	23	22	21	22	23	25	25	24	27	31	37
Other Operating Expenses / (Income)	43	31	34	34	31	35	45	0.28	4.47	1.89	1.84
Impairment Charge	4.37	0.55	0.00	0.00	10	0.29	3.10	0.00	0.78	0.84	2.60
Other Special Charges / (Income)	-	-	-	-	-	-	-	-0.25	-0.48	-0.43	-0.27
Total Other Income / (Expense), net	0.12	0.04	0.04	0.11	0.60	0.62	0.62	-0.47	-3.84	-12	-11
Interest Expense	0.02	0.01	0.01	0.07	0.02	0.01	0.07	0.36	4.08	12	14
Interest & Investment Income	-	-	-	-	-	-	-	-	0.00	0.00	2.44
Other Income / (Expense), net	0.13	0.04	0.05	0.18	0.61	0.63	0.69	-0.11	0.25	0.27	0.35
Income Tax Expense	5.12	2.00	-18	0.07	-0.69	-4.79	-2.60	0.53	1.87	4.44	6.60
Basic Earnings per Share	$0.81	$0.51	$1.54	($0.04)	($1.06)	$0.14	($0.70)	($0.05)	$0.39	$1.39	$1.59
Weighted Average Basic Shares Outstanding	12.57M	12.70M	12.83M	12.97M	13.11M	13.22M	13.10M	12.31M	12.32M	12.41M	12.54M
Diluted Earnings per Share	$0.79	$0.50	$1.51	($0.04)	($1.06)	$0.14	($0.70)	($0.05)	$0.38	$1.37	$1.57
Weighted Average Diluted Shares Outstanding	12.79M	12.94M	13.11M	12.97M	13.11M	13.26M	13.10M	12.31M	12.38M	12.55M	12.70M
Weighted Average Basic & Diluted Shares Outstanding	12.50M	12.70M	12.80M	13.19M	13.38M	13.61M	12.72M	12.45M	12.44M	12.51M	12.59M

This table shows Natural Gas Services Group's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026
Net Income / (Loss) Attributable to Common Shareholders	2.17	1.70	5.10	4.25	5.01	2.87	4.85	5.19	5.78	4.10	6.76
Consolidated Net Income / (Loss)	2.17	1.70	5.10	4.25	5.01	2.87	4.85	5.19	5.78	4.10	6.76
Net Income / (Loss) Continuing Operations	2.17	1.70	5.10	4.25	5.01	2.87	4.85	5.19	5.78	4.10	6.76
Total Pre-Tax Income	3.22	2.13	6.58	5.54	6.40	3.15	6.34	6.79	7.56	5.85	8.92
Total Operating Income	4.90	4.44	9.32	8.51	9.46	6.04	9.51	9.92	11	7.11	13
Total Gross Profit	30	-20	21	21	23	-23	24	24	26	26	30
Total Revenue	31	-22	22	38	24	41	25	41	43	46	48
Operating Revenue	31	-22	22	38	24	41	25	41	43	46	48
Total Cost of Revenue	1.85	-2.00	0.51	17	1.32	64	1.00	17	18	20	19
Operating Cost of Revenue	1.85	-2.00	0.51	17	1.32	64	1.00	17	18	20	19
Total Operating Expenses	25	-24	12	12	13	-29	14	14	15	19	17
Selling, General & Admin Expense	2.85	4.67	4.70	5.02	5.46	6.31	5.38	5.45	5.87	5.71	6.51
Depreciation Expense	6.81	7.16	7.09	7.71	8.09	8.47	8.64	8.97	9.25	9.80	10
Other Operating Expenses / (Income)	15	-35	0.00	0.00	0.00	-44	0.06	0.00	0.00	1.05	0.00
Other Special Charges / (Income)	-	-	0.00	-0.23	-0.25	-	-0.05	-0.12	-0.05	-0.05	-0.07
Total Other Income / (Expense), net	-1.69	-2.31	-2.74	-2.96	-3.06	-2.90	-3.17	-3.14	-3.19	-1.27	-4.15
Interest Expense	1.60	2.30	2.94	2.93	3.05	3.02	3.17	3.24	3.41	3.74	4.03
Other Income / (Expense), net	-0.09	-0.01	0.19	-0.03	-0.02	0.12	-0.00	0.10	0.22	0.03	-0.13
Income Tax Expense	1.05	0.43	1.48	1.29	1.38	0.28	1.48	1.60	1.78	1.75	2.16
Basic Earnings per Share	$0.18	$0.14	$0.41	$0.34	$0.40	$0.24	$0.39	$0.42	$0.46	$0.32	$0.54
Weighted Average Basic Shares Outstanding	12.38M	12.32M	12.38M	12.38M	12.43M	12.41M	12.46M	12.48M	12.54M	12.54M	12.58M
Diluted Earnings per Share	$0.18	$0.13	$0.41	$0.34	$0.40	$0.22	$0.38	$0.41	$0.46	$0.32	$0.53
Weighted Average Diluted Shares Outstanding	12.40M	12.38M	12.47M	12.48M	12.53M	12.55M	12.61M	12.63M	12.69M	12.70M	12.75M
Weighted Average Basic & Diluted Shares Outstanding	12.44M	12.44M	12.44M	12.47M	12.47M	12.51M	12.53M	12.54M	12.57M	12.59M	12.60M
Cash Dividends to Common per Share	-	-	-	-	-	-	-	-	$0.10	-	$0.11

This table details how cash moves in and out of Natural Gas Services Group's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Net Change in Cash & Equivalents	29	29	5.11	-17	-41	17	-5.98	-20	-0.63	-0.60	-2.14
Net Cash From Operating Activities	42	32	17	24	29	33	29	28	18	66	63
Net Cash From Continuing Operating Activities	42	32	17	24	29	33	29	28	18	66	63
Net Income / (Loss) Continuing Operations	10	6.47	20	-0.47	-14	1.81	-9.18	-0.57	4.75	17	20
Consolidated Net Income / (Loss)	10	6.47	20	-0.47	-14	1.81	-9.18	-0.57	4.75	17	20
Depreciation Expense	23	22	21	22	23	25	25	24	27	31	37
Amortization Expense	-	-	-	-	-	0.00	0.03	0.05	0.43	0.75	1.17
Non-Cash Adjustments To Reconcile Net Income	8.42	3.31	4.31	2.13	19	2.72	4.93	2.25	7.31	4.56	6.45
Changes in Operating Assets and Liabilities, net	0.24	0.21	-28	-0.06	1.51	2.93	7.36	1.72	-21	13	-1.28
Net Cash From Investing Activities	-12	-3.41	-13	-40	-70	-15	-26	-65	-154	-71	-121
Net Cash From Continuing Investing Activities	-12	-3.41	-13	-40	-70	-15	-26	-65	-154	-71	-121
Purchase of Property, Plant & Equipment	-12	-3.32	-14	-40	-70	-15	-26	-65	-154	-72	-121
Sale of Property, Plant & Equipment	0.19	0.10	0.09	0.07	0.03	0.39	0.20	0.37	0.48	0.48	0.09
Other Investing Activities, net	0.00	0.00	0.61	-0.29	-0.27	-0.30	-0.15	-0.33	-0.42	-0.02	0.10
Net Cash From Financing Activities	0.06	0.19	0.45	0.02	-0.27	-0.16	-8.85	18	135	4.37	56
Net Cash From Continuing Financing Activities	0.06	0.15	0.45	0.02	-0.27	-0.16	-8.85	18	135	4.37	56
Repayment of Debt	-	-	-	-	-	0.00	-0.65	-0.08	-2.69	-23	-12
Payment of Dividends	-	-	-	-	-	-	-	-	0.00	0.00	-2.64
Issuance of Debt	-	-	-	-	-	-	0.00	25	139	28	71
Other Financing Activities, net	0.06	0.15	0.45	0.02	0.22	-0.16	-0.34	-0.52	-1.08	-0.67	0.16
Cash Interest Paid	0.02	0.01	0.01	0.01	0.04	0.01	0.03	0.28	7.05	18	15
Cash Income Taxes Paid	6.53	5.83	3.73	0.09	0.28	0.11	-	0.00	0.00	0.00	0.26

This table details how cash moves in and out of Natural Gas Services Group's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026
Net Change in Cash & Equivalents	-4.09	2.55	2.49	-1.62	-3.21	1.73	0.01	-1.82	-0.33	-	2.31
Net Cash From Operating Activities	3.06	-7.67	5.61	26	26	9.43	21	11	17	14	23
Net Cash From Continuing Operating Activities	3.06	-7.67	5.61	26	26	9.43	21	11	17	14	23
Net Income / (Loss) Continuing Operations	2.17	1.70	5.10	4.25	5.01	2.87	4.85	5.19	5.78	4.10	6.76
Consolidated Net Income / (Loss)	2.17	1.70	5.10	4.25	5.01	2.87	4.85	5.19	5.78	4.10	6.76
Depreciation Expense	6.81	7.16	7.09	7.71	8.09	8.47	8.64	8.97	9.25	9.80	10
Amortization Expense	0.10	0.14	0.15	0.17	0.22	0.22	0.21	0.29	0.33	0.33	0.33
Non-Cash Adjustments To Reconcile Net Income	0.21	4.79	0.39	0.19	0.56	3.42	1.30	0.46	0.60	4.10	1.01
Changes in Operating Assets and Liabilities, net	-6.23	-21	-7.12	13	12	-5.54	6.26	-3.91	0.84	-4.47	4.61
Net Cash From Investing Activities	-35	-25	-11	-17	-29	-15	-19	-26	-42	-34	-15
Net Cash From Continuing Investing Activities	-35	-25	-11	-17	-29	-15	-19	-26	-42	-34	-15
Purchase of Property, Plant & Equipment	-35	-25	-11	-17	-29	-15	-19	-26	-42	-35	-15
Sale of Property, Plant & Equipment	-	0.25	-	-	0.15	-0.03	0.00	-	0.01	0.09	0.04
Net Cash From Financing Activities	28	35	7.83	-10	-0.32	7.07	-2.01	13	25	21	-5.51
Net Cash From Continuing Financing Activities	28	35	7.83	-10	-0.32	7.07	-2.01	13	25	21	-5.51
Repayment of Debt	-	-0.56	0.00	-9.89	-0.08	-13	-8.00	-4.31	0.91	-1.02	-13
Payment of Dividends	-	-	-	-	-	-	0.00	-	-	-1.38	-1.39
Issuance of Debt	28	36	8.00	-	-	20	6.00	17	25	23	9.00
Other Financing Activities, net	-	-0.05	-0.18	-0.31	-0.25	0.07	-0.01	0.08	0.08	0.01	-0.13
Cash Interest Paid	2.38	2.71	6.22	4.24	3.99	3.95	2.94	3.53	3.69	4.07	3.65
Cash Income Taxes Paid	-	-	0.00	-	-	-	0.02	-	0.19	0.06	-10

This table presents Natural Gas Services Group's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Total Assets	286	294	298	304	287	307	299	328	479	493	587
Total Current Assets	73	95	108	95	42	73	65	54	76	48	57
Cash & Equivalents	36	64	69	53	12	29	23	3.37	2.75	2.14	0.00
Accounts Receivable	9.11	7.38	8.53	7.22	9.11	12	10	15	39	16	18
Inventories, net	28	21	26	30	21	20	19	23	22	18	21
Prepaid Expenses	0.76	0.97	0.82	1.70	0.60	0.38	0.85	1.16	1.16	1.08	1.70
Current Deferred & Refundable Income Taxes	0.08	1.48	3.44	3.19	0.04	12	12	12	12	11	14
Other Current Assets	-	-	-	-	-	-	-	-	-	0.00	2.23
Plant, Property, & Equipment, net	8.53	7.75	7.65	17	22	22	21	0.00	21	23	21
Total Noncurrent Assets	204	190	182	193	222	212	213	274	382	421	509
Other Noncurrent Operating Assets	192	179	171	181	221	211	212	273	381	421	509
Total Liabilities & Shareholders' Equity	286	294	298	304	287	307	299	328	479	493	587
Total Liabilities	62	61	41	45	39	55	63	98	243	237	312
Total Current Liabilities	4.57	6.50	7.45	11	5.51	11	20	30	33	17	25
Accounts Payable	1.23	0.97	4.16	2.12	1.98	2.37	4.80	6.48	18	9.67	14
Accrued Expenses	3.07	2.89	3.11	8.74	2.29	6.77	14	24	15	7.69	10
Total Noncurrent Liabilities	57	54	34	34	33	44	42	68	210	220	288
Long-Term Debt	0.42	0.00	0.42	0.42	-	-	0.00	25	164	170	230
Noncurrent Deferred & Payable Income Tax Liabilities	56	54	32	32	31	42	39	40	42	46	53
Other Noncurrent Operating Liabilities	0.13	0.33	0.96	1.70	2.13	2.51	3.03	2.97	4.49	4.24	5.03
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	224	233	257	259	248	252	236	230	236	255	275
Total Preferred & Common Equity	224	233	257	259	248	252	236	230	236	255	275
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	224	233	257	259	248	252	236	230	236	255	275
Common Stock	98	101	105	108	111	113	114	116	117	119	121
Retained Earnings	126	132	152	151	137	139	130	130	134	152	169
Treasury Stock	-	-	-	0.00	-0.49	-0.49	-8.34	-15	-15	-15	-15

This table presents Natural Gas Services Group's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q3 2023	Q1 2024	Q2 2024	Q3 2024	Q1 2025	Q2 2025	Q3 2025	Q1 2026
Period end date	9/30/2023	3/31/2024	6/30/2024	9/30/2024	3/31/2025	6/30/2025	9/30/2025	3/31/2026
Total Assets	452	486	489	498	502	526	562	589
Total Current Assets	67	79	70	59	47	49	51	63
Cash & Equivalents	0.20	5.24	3.62	0.41	2.15	0.33	0.00	2.31
Accounts Receivable	28	42	33	25	15	14	14	23
Inventories, net	26	19	20	20	17	18	22	22
Prepaid Expenses	1.44	0.94	2.14	2.21	0.99	2.85	2.23	3.35
Current Deferred & Refundable Income Taxes	12	12	11	11	11	11	11	1.69
Other Current Assets	-	-	-	-	-	2.23	2.23	11
Plant, Property, & Equipment, net	0.00	0.00	0.00	0.00	24	23	23	12
Total Noncurrent Assets	384	407	419	439	431	454	489	514
Other Noncurrent Operating Assets	384	407	418	438	431	454	489	514
Total Liabilities & Shareholders' Equity	452	486	489	498	502	526	562	589
Total Liabilities	218	245	244	247	241	259	291	308
Total Current Liabilities	45	24	30	34	22	25	28	23
Accounts Payable	31	12	23	26	15	14	12	11
Accrued Expenses	15	12	6.80	7.04	7.47	10	16	12
Total Noncurrent Liabilities	173	220	213	213	219	235	263	285
Long-Term Debt	128	172	163	163	168	182	208	226
Noncurrent Deferred & Payable Income Tax Liabilities	41	43	44	46	47	49	51	55
Other Noncurrent Operating Liabilities	3.39	5.39	6.08	4.68	3.66	3.64	4.42	4.39
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	234	241	246	251	260	266	271	281
Total Preferred & Common Equity	234	241	246	251	260	266	271	281
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	234	241	246	251	260	266	271	281
Common Stock	116	117	117	118	119	120	120	121
Retained Earnings	133	139	144	149	156	162	166	174
Treasury Stock	-15	-15	-15	-15	-15	-15	-15	-15

This table displays calculated financial ratios and metrics derived from Natural Gas Services Group's official financial filings.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
DEI Shares Outstanding	12,745,999.00	12,868,726.00	12,941,237.00	13,117,154.00	13,470,397.00	13,468,799.00	13,038,719.00	12,424,026.00	12,437,292.00	-	12,568,917.00
DEI Adjusted Shares Outstanding	12,745,999.00	12,868,726.00	12,941,237.00	13,117,154.00	13,470,397.00	13,468,799.00	13,038,719.00	12,424,026.00	12,437,292.00	-	12,568,917.00
DEI Earnings Per Adjusted Shares Outstanding	0.80	0.50	1.53	-0.04	-1.03	0.13	-0.70	-0.05	0.38	-	1.59
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-1.09%	-25.30%	-5.53%	-3.27%	19.80%	-13.24%	6.41%	17.13%	-25.29%	29.36%	9.94%
EBITDA Growth	-12.91%	-20.42%	-24.55%	-4.74%	-59.89%	154.73%	-38.33%	78.65%	53.87%	74.34%	14.90%
EBIT Growth	-31.08%	-44.54%	-82.05%	-121.37%	-4,374.46%	79.58%	-294.65%	102.76%	3,213.31%	213.89%	12.08%
NOPAT Growth	-28.17%	-36.02%	199.91%	-101.84%	-2,888.76%	76.25%	-244.76%	103.47%	2,385.38%	253.37%	5.73%
Net Income Growth	-28.18%	-36.25%	205.98%	-102.35%	-2,875.11%	113.04%	-607.91%	93.80%	934.27%	262.90%	15.68%
EPS Growth	-28.83%	-36.71%	202.00%	-102.65%	-2,550.00%	113.21%	-600.00%	92.86%	860.00%	260.53%	14.60%
Operating Cash Flow Growth	20.26%	-23.53%	-44.95%	35.37%	24.16%	11.01%	-12.63%	-2.67%	-35.05%	268.56%	-5.32%
Free Cash Flow Firm Growth	218.66%	0.02%	-99.63%	-19,729.52%	-112.48%	127.34%	-87.39%	-2,880.26%	-258.91%	100.53%	-7,465.21%
Invested Capital Growth	-7.79%	-10.37%	11.36%	9.82%	14.25%	-5.70%	-4.51%	18.19%	57.78%	6.49%	19.34%
Revenue Q/Q Growth	0.00%	-11.22%	-0.06%	-17.44%	27.41%	-5.04%	2.75%	5.59%	-41.03%	2.91%	-13.23%
EBITDA Q/Q Growth	-5.38%	-11.19%	-3.72%	-3.84%	1.54%	-2.07%	-29.70%	42.08%	18.71%	4.99%	3.32%
EBIT Q/Q Growth	-11.52%	-30.51%	-34.92%	-136.39%	-1.47%	-34.27%	-99.68%	104.41%	76.89%	5.45%	2.67%
NOPAT Q/Q Growth	-7.12%	-24.48%	739.30%	-102.47%	-1.68%	-35.76%	-92.01%	105.80%	128.27%	7.37%	-1.40%
Net Income Q/Q Growth	-6.69%	-24.66%	757.25%	-102.41%	-4.02%	-8.46%	-68.62%	89.52%	107.38%	7.24%	6.62%
EPS Q/Q Growth	-7.06%	-25.37%	788.24%	-102.70%	-2.91%	0.00%	-75.00%	88.10%	100.00%	7.03%	6.80%
Operating Cash Flow Q/Q Growth	-3.08%	-12.33%	-0.91%	-5.81%	34.07%	-9.46%	15.61%	-3.41%	-45.83%	34.62%	7.59%
Free Cash Flow Firm Q/Q Growth	19.43%	-9.72%	-98.71%	-5.46%	10.68%	184.43%	26.64%	-160.08%	-7.09%	102.67%	-44.46%
Invested Capital Q/Q Growth	-0.68%	-0.35%	14.45%	5.11%	2.20%	-1.19%	-3.24%	9.59%	9.78%	2.21%	5.28%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	100.00%	99.44%	99.45%	99.41%	76.75%	98.95%	98.76%	45.35%	92.65%	56.13%	58.34%
EBITDA Margin	39.66%	42.24%	33.74%	33.22%	11.12%	32.66%	18.93%	28.87%	59.45%	41.91%	43.80%
Operating Margin	15.79%	11.76%	2.17%	-0.77%	-19.32%	-5.29%	-17.13%	0.51%	16.50%	21.26%	21.65%
EBIT Margin	15.93%	11.82%	2.25%	-0.50%	-18.54%	-4.36%	-16.18%	0.38%	16.89%	21.43%	21.85%
Profit (Net Income) Margin	10.58%	9.03%	29.24%	-0.71%	-17.67%	2.66%	-12.68%	-0.67%	7.49%	10.99%	11.56%
Tax Burden Percent	66.48%	76.42%	1,313.47%	118.27%	95.24%	-60.59%	77.91%	1,387.80%	71.71%	79.51%	75.11%
Interest Burden Percent	99.90%	99.91%	99.08%	121.23%	100.10%	100.47%	100.55%	-12.69%	61.86%	64.50%	70.46%
Effective Tax Rate	33.52%	23.58%	-1,213.47%	0.00%	0.00%	0.00%	0.00%	0.00%	28.29%	20.49%	24.89%
Return on Invested Capital (ROIC)	5.12%	3.60%	10.80%	-0.18%	-4.78%	-1.10%	-3.98%	0.13%	2.31%	6.46%	6.04%
ROIC Less NNEP Spread (ROIC-NNEP)	4.73%	3.54%	10.09%	0.00%	5.49%	-22.91%	-2.05%	132.66%	-0.70%	0.83%	1.97%
Return on Net Nonoperating Assets (RNNOA)	-0.45%	-0.77%	-2.73%	0.00%	-0.69%	1.82%	0.22%	-0.37%	-0.27%	0.56%	1.48%
Return on Equity (ROE)	4.67%	2.83%	8.07%	-0.18%	-5.47%	0.72%	-3.77%	-0.24%	2.04%	7.02%	7.52%
Cash Return on Invested Capital (CROIC)	13.22%	14.54%	0.05%	-9.54%	-18.08%	4.77%	0.63%	-16.54%	-42.52%	0.18%	-11.60%
Operating Return on Assets (OROA)	5.38%	2.93%	0.51%	-0.11%	-4.92%	-1.00%	-3.87%	0.10%	2.65%	6.92%	6.98%
Return on Assets (ROA)	3.57%	2.23%	6.69%	-0.15%	-4.69%	0.61%	-3.03%	-0.18%	1.18%	3.55%	3.69%
Return on Common Equity (ROCE)	4.67%	2.83%	8.07%	-0.18%	-5.47%	0.72%	-3.77%	-0.24%	2.04%	7.02%	7.52%
Return on Equity Simple (ROE_SIMPLE)	4.53%	2.78%	7.69%	-0.18%	-5.60%	0.72%	-3.89%	-0.25%	0.00%	6.75%	0.00%
Net Operating Profit after Tax (NOPAT)	10	6.44	19	-0.35	-11	-2.52	-8.69	0.30	7.50	26	28
NOPAT Margin	10.50%	8.99%	28.54%	-0.54%	-13.52%	-3.70%	-11.99%	0.36%	11.83%	16.91%	16.26%
Net Nonoperating Expense Percent (NNEP)	0.38%	0.05%	0.71%	-0.18%	-10.28%	21.81%	-1.93%	-132.53%	3.01%	5.63%	4.07%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	-	-	0.12%	1.88%	6.23%	5.55%
Cost of Revenue to Revenue	0.00%	0.56%	0.55%	0.59%	23.25%	1.05%	1.24%	54.65%	7.35%	43.87%	41.66%
SG&A Expenses to Revenue	11.46%	12.58%	14.89%	13.89%	13.65%	15.50%	14.86%	16.38%	26.73%	13.41%	13.01%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	84.21%	87.68%	97.28%	100.19%	96.07%	104.24%	115.89%	44.84%	76.15%	34.87%	36.70%
Earnings before Interest and Taxes (EBIT)	15	8.47	1.52	-0.33	-15	-2.97	-12	0.32	11	34	38
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	38	30	23	22	8.73	22	14	24	38	66	75
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	1.27	1.78	1.32	0.83	0.67	0.51	0.58	0.62	0.84	1.31	1.54
Price to Tangible Book Value (P/TBV)	1.34	1.87	1.38	0.87	0.67	0.51	0.58	0.62	0.84	1.31	1.54
Price to Revenue (P/Rev)	2.96	5.77	5.01	3.29	2.11	1.88	1.89	1.68	3.12	2.13	2.45
Price to Earnings (P/E)	28.01	63.96	17.13	0.00	0.00	70.62	0.00	0.00	41.68	19.41	21.16
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.63%
Earnings Yield	3.57%	1.56%	5.84%	0.00%	0.00%	1.42%	0.00%	0.00%	2.40%	5.15%	4.73%
Enterprise Value to Invested Capital (EV/IC)	1.32	2.07	1.43	0.79	0.65	0.44	0.53	0.65	0.90	1.19	1.29
Enterprise Value to Revenue (EV/Rev)	2.60	4.89	3.99	2.50	1.96	1.46	1.57	1.93	5.67	3.20	3.78
Enterprise Value to EBITDA (EV/EBITDA)	6.55	11.56	11.83	7.51	17.65	4.46	8.29	6.70	9.53	7.64	8.63
Enterprise Value to EBIT (EV/EBIT)	16.30	41.31	177.69	0.00	0.00	0.00	0.00	507.76	33.56	14.95	17.31
Enterprise Value to NOPAT (EV/NOPAT)	24.74	54.34	13.99	0.00	0.00	0.00	0.00	543.61	47.89	18.95	23.26
Enterprise Value to Operating Cash Flow (EV/OCF)	5.99	11.01	15.44	6.90	5.24	3.04	3.98	5.91	19.91	7.56	10.36
Enterprise Value to Free Cash Flow (EV/FCFF)	9.57	13.45	2,810.90	0.00	0.00	9.05	82.16	0.00	0.00	687.64	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.11	0.70	0.67	0.84
Long-Term Debt to Equity	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.11	0.70	0.67	0.84
Financial Leverage	-0.09	-0.22	-0.27	-0.23	-0.13	-0.08	-0.11	0.00	0.39	0.67	0.75
Leverage Ratio	1.31	1.27	1.21	1.17	1.17	1.19	1.24	1.35	1.73	1.98	2.04
Compound Leverage Factor	1.31	1.27	1.20	1.41	1.17	1.19	1.25	-0.17	1.07	1.28	1.44
Debt to Total Capital	0.19%	0.18%	0.16%	0.16%	0.17%	0.17%	0.00%	9.80%	41.01%	39.99%	45.57%
Short-Term Debt to Total Capital	0.00%	0.18%	0.00%	0.00%	0.17%	0.17%	0.00%	0.00%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	0.19%	0.00%	0.16%	0.16%	0.00%	0.00%	0.00%	9.80%	41.01%	39.99%	45.57%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	99.81%	99.82%	99.84%	99.84%	99.83%	99.83%	100.00%	90.20%	58.99%	60.01%	54.43%
Debt to EBITDA	0.01	0.01	0.02	0.02	0.05	0.02	0.00	1.02	4.35	2.59	3.05
Net Debt to EBITDA	-0.92	-2.10	-3.01	-2.40	-1.28	-1.28	0.00	0.88	4.28	2.56	3.05
Long-Term Debt to EBITDA	0.01	0.00	0.02	0.02	0.00	0.00	0.00	1.02	4.35	2.59	3.05
Debt to NOPAT	0.04	0.06	0.02	-1.18	-0.04	-0.17	0.00	82.86	21.87	6.42	8.21
Net Debt to NOPAT	-3.49	-9.88	-3.56	147.11	1.05	11.32	0.00	71.69	21.51	6.33	8.21
Long-Term Debt to NOPAT	0.04	0.00	0.02	-1.18	0.00	0.00	0.00	82.86	21.87	6.42	8.21
Altman Z-Score	4.19	5.43	6.32	4.12	3.48	2.45	2.21	1.77	1.20	1.89	1.79
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	16.03	14.67	14.52	8.67	7.70	6.70	3.21	1.78	2.33	2.78	2.33
Quick Ratio	9.77	11.00	10.43	5.47	3.76	3.76	1.64	0.59	1.28	1.02	0.75
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	26	26	0.10	-19	-40	11	1.38	-38	-138	0.73	-54
Operating Cash Flow to CapEx	338.76%	987.11%	130.11%	59.23%	42.07%	219.67%	111.80%	42.88%	11.75%	93.06%	51.84%
Free Cash Flow to Firm to Interest Expense	1,735.08	3,253.91	6.87	-273.53	-2,673.61	783.05	21.27	-105.59	-33.79	0.06	-3.97
Operating Cash Flow to Interest Expense	2,771.07	3,973.13	1,249.93	343.32	1,960.80	2,332.07	438.88	76.27	4.42	5.57	4.64
Operating Cash Flow Less CapEx to Interest Expense	1,953.07	3,570.63	289.29	-236.33	-2,699.73	1,270.43	46.34	-101.61	-33.18	-0.42	-4.31
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.34	0.25	0.23	0.22	0.27	0.23	0.24	0.27	0.16	0.32	0.32
Accounts Receivable Turnover	9.83	8.69	8.51	8.31	9.61	6.48	6.50	6.77	2.35	5.72	10.10
Inventory Turnover	0.00	0.02	0.02	0.01	0.71	0.03	0.05	2.17	0.21	3.46	3.71
Fixed Asset Turnover	12.07	8.80	8.79	5.39	4.07	3.12	3.40	0.00	0.00	7.20	7.92
Accounts Payable Turnover	0.00	0.36	0.14	0.12	8.90	0.33	0.25	8.22	0.39	5.04	6.05
Days Sales Outstanding (DSO)	37.13	41.99	42.90	43.91	37.98	56.29	56.13	53.91	155.09	63.82	36.14
Days Inventory Outstanding (DIO)	0.00	22,539.67	23,506.49	26,741.70	513.01	10,481.23	7,977.77	168.27	1,765.17	105.35	98.39
Days Payable Outstanding (DPO)	0.00	1,007.42	2,531.82	2,978.78	40.99	1,111.36	1,456.75	44.39	944.59	72.46	60.30
Cash Conversion Cycle (CCC)	37.13	21,574.24	21,017.57	23,806.83	509.99	9,426.15	6,577.15	177.79	975.68	96.71	74.23
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	189	169	189	207	237	223	213	252	397	423	505
Invested Capital Turnover	0.49	0.40	0.38	0.33	0.35	0.30	0.33	0.37	0.20	0.38	0.37
Increase / (Decrease) in Invested Capital	-16	-20	19	19	29	-13	-10	39	145	26	82
Enterprise Value (EV)	249	350	270	163	154	99	114	164	359	502	652
Market Capitalization	284	414	339	216	165	128	137	142	198	334	422
Book Value per Share	$17.57	$18.10	$19.88	$19.76	$18.39	$18.68	$18.09	$18.52	$18.97	$20.45	$21.86
Tangible Book Value per Share	$16.65	$17.19	$18.99	$18.89	$18.29	$18.59	$18.01	$18.45	$18.90	$20.45	$21.86
Total Capital	224	233	258	260	248	252	236	255	400	425	505
Total Debt	0.42	0.42	0.42	0.42	0.42	0.42	0.00	25	164	170	230
Total Long-Term Debt	0.42	0.00	0.42	0.42	0.00	0.00	0.00	25	164	170	230
Net Debt	-35	-64	-69	-52	-11	-29	-23	22	161	168	230
Capital Expenditures (CapEx)	12	3.22	13	40	70	15	26	65	153	71	121
Debt-free, Cash-free Net Working Capital (DFCFNWC)	33	25	32	31	26	33	22	20	41	29	33
Debt-free Net Working Capital (DFNWC)	69	89	101	84	37	62	45	24	44	31	33
Net Working Capital (NWC)	69	89	101	84	37	62	45	24	44	31	33
Net Nonoperating Expense (NNE)	-0.08	-0.03	-0.47	0.11	3.26	-4.33	0.50	0.87	2.75	9.27	8.09
Net Nonoperating Obligations (NNO)	-35	-64	-69	-52	-11	-29	-23	22	161	168	230
Total Depreciation and Amortization (D&A)	23	22	21	22	23	25	25	24	27	32	38
Debt-free, Cash-free Net Working Capital to Revenue	34.51%	35.14%	46.63%	47.87%	32.80%	49.00%	30.22%	24.02%	64.40%	18.30%	18.93%
Debt-free Net Working Capital to Revenue	71.56%	124.59%	148.87%	128.25%	47.58%	91.51%	61.90%	28.00%	68.73%	19.66%	18.93%
Net Working Capital to Revenue	71.56%	124.01%	148.87%	128.25%	47.05%	90.89%	61.90%	28.00%	68.73%	19.66%	18.93%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.81	$0.51	$1.55	$0.03	($1.06)	$0.14	($0.70)	($0.05)	$0.39	$1.39	$1.59
Adjusted Weighted Average Basic Shares Outstanding	12.57M	12.70M	12.83M	12.97M	13.11M	13.22M	13.10M	12.31M	12.32M	12.41M	12.54M
Adjusted Diluted Earnings per Share	$0.79	$0.50	$1.51	$0.03	($1.06)	$0.14	($0.70)	($0.05)	$0.38	$1.37	$1.57
Adjusted Weighted Average Diluted Shares Outstanding	12.79M	12.94M	13.11M	13.23M	13.11M	13.26M	13.10M	12.31M	12.38M	12.55M	12.70M
Adjusted Basic & Diluted Earnings per Share	$0.81	$0.51	$1.55	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	12.79M	12.91M	12.98M	13.19M	13.38M	13.61M	12.72M	12.45M	12.44M	12.51M	12.59M
Normalized Net Operating Profit after Tax (NOPAT)	13	6.86	1.03	-0.35	-3.58	-2.32	-6.52	0.13	7.71	27	30
Normalized NOPAT Margin	13.53%	9.57%	1.52%	-0.54%	-4.56%	-3.40%	-9.00%	0.15%	12.17%	17.11%	17.27%
Pre Tax Income Margin	15.91%	11.81%	2.23%	-0.60%	-18.56%	-4.38%	-16.27%	-0.05%	10.45%	13.82%	15.40%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	1,018.60	1,059.13	108.64	-4.71	-969.47	-212.14	-180.32	0.89	2.62	2.82	2.78
NOPAT to Interest Expense	671.28	805.28	1,380.08	-5.14	-707.14	-179.95	-133.62	0.83	1.84	2.22	2.07
EBIT Less CapEx to Interest Expense	200.60	656.63	-852.00	-584.36	-5,630.00	-1,273.79	-572.86	-177.00	-34.97	-3.17	-6.17
NOPAT Less CapEx to Interest Expense	-146.72	402.78	419.44	-584.80	-5,367.67	-1,241.59	-526.16	-177.06	-35.76	-3.77	-6.88
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	13.23%
Augmented Payout Ratio	0.00%	0.00%	0.00%	0.00%	-3.53%	0.00%	-85.53%	-1,170.47%	0.00%	0.00%	13.23%

This table displays calculated financial ratios and metrics derived from Natural Gas Services Group's official financial filings.

Metric	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026
DEI Shares Outstanding	12,437,292.00	12,437,292.00	12,437,074.00	12,437,074.00	12,466,875.00	-	12,506,522.00	12,529,929.00	12,542,314.00	12,568,917.00	12,587,628.00
DEI Adjusted Shares Outstanding	12,437,292.00	12,437,292.00	12,437,074.00	12,437,074.00	12,466,875.00	-	12,506,522.00	12,529,929.00	12,542,314.00	12,568,917.00	12,587,628.00
DEI Earnings Per Adjusted Shares Outstanding	0.17	0.14	0.41	0.34	0.40	-	0.39	0.41	0.46	0.33	0.54
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	42.31%	-195.80%	-18.81%	42.79%	-22.80%	12.25%	13.48%	7.51%	79.22%	-36.28%	97.61%
EBITDA Growth	98.83%	102.64%	148.61%	118.30%	51.30%	26.64%	9.58%	18.02%	15.87%	16.33%	28.57%
EBIT Growth	3,863.28%	2,067.56%	1,729.23%	803.62%	96.01%	39.21%	-0.06%	18.31%	16.26%	15.87%	36.20%
NOPAT Growth	1,708.10%	1,708.63%	2,425.32%	1,268.28%	123.98%	55.05%	0.83%	16.37%	10.96%	-9.28%	36.10%
Net Income Growth	2,813.75%	325.13%	1,277.84%	743.25%	130.95%	68.33%	-4.79%	22.07%	15.36%	43.18%	39.33%
EPS Growth	1,900.00%	316.67%	1,266.67%	750.00%	122.22%	69.23%	-7.32%	20.59%	15.00%	45.45%	39.47%
Operating Cash Flow Growth	-55.90%	-201.00%	-69.22%	477.02%	748.38%	222.97%	279.16%	-56.90%	-35.18%	47.09%	8.31%
Free Cash Flow Firm Growth	-1,217.12%	-264.24%	-73.54%	33.39%	65.37%	85.72%	90.72%	50.49%	-28.76%	-278.99%	-531.03%
Invested Capital Growth	57.51%	57.78%	43.50%	23.75%	14.38%	6.49%	4.43%	10.58%	15.86%	19.34%	18.33%
Revenue Q/Q Growth	16.37%	-168.78%	-40.33%	78.09%	-37.09%	-0.07%	-66.13%	0.00%	4.88%	6.33%	5.02%
EBITDA Q/Q Growth	56.61%	-0.02%	42.85%	-2.41%	8.55%	-16.32%	23.61%	5.11%	6.57%	-15.98%	36.61%
EBIT Q/Q Growth	413.54%	-8.10%	114.86%	-10.89%	11.40%	-34.73%	54.24%	5.49%	9.46%	-34.95%	81.31%
NOPAT Q/Q Growth	594.45%	7.18%	103.65%	-9.73%	13.68%	-25.80%	32.43%	4.19%	8.39%	-39.34%	98.68%
Net Income Q/Q Growth	330.75%	-21.60%	199.53%	-16.63%	17.98%	-42.86%	69.42%	6.88%	11.49%	-29.08%	64.87%
EPS Q/Q Growth	350.00%	-27.78%	215.38%	-17.07%	17.65%	-45.00%	72.73%	7.89%	12.20%	-30.43%	65.63%
Operating Cash Flow Q/Q Growth	-30.90%	-350.90%	173.18%	354.80%	1.60%	-63.63%	125.62%	-48.30%	52.77%	-17.47%	66.14%
Free Cash Flow Firm Q/Q Growth	-20.47%	-10.18%	17.93%	38.85%	37.38%	54.55%	46.68%	-226.25%	-62.86%	-33.77%	11.22%
Invested Capital Q/Q Growth	10.53%	9.78%	2.74%	-0.73%	2.16%	2.21%	0.76%	5.11%	7.04%	5.28%	-0.10%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	94.12%	0.00%	97.66%	54.56%	94.53%	-56.76%	95.93%	58.54%	59.51%	56.84%	61.56%
EBITDA Margin	37.38%	0.00%	77.50%	42.47%	73.27%	36.52%	74.83%	46.62%	47.37%	37.43%	48.69%
Operating Margin	15.63%	0.00%	43.12%	22.10%	39.05%	14.86%	38.76%	23.98%	24.78%	15.41%	26.97%
EBIT Margin	15.36%	0.00%	44.01%	22.02%	38.99%	15.16%	38.76%	24.23%	25.29%	15.47%	26.71%
Profit (Net Income) Margin	6.92%	0.00%	23.59%	11.04%	20.71%	7.05%	19.79%	12.54%	13.33%	8.89%	13.95%
Tax Burden Percent	67.49%	79.91%	77.51%	76.66%	78.38%	91.01%	76.61%	76.46%	76.48%	70.16%	75.83%
Interest Burden Percent	66.78%	48.11%	69.14%	65.41%	67.75%	51.08%	66.65%	67.66%	68.90%	81.88%	68.89%
Effective Tax Rate	32.51%	20.09%	22.49%	23.34%	21.62%	8.99%	23.39%	23.54%	23.52%	29.84%	24.17%
Return on Invested Capital (ROIC)	3.83%	0.00%	11.21%	5.91%	9.52%	5.17%	11.37%	7.71%	8.43%	4.02%	8.63%
ROIC Less NNEP Spread (ROIC-NNEP)	2.04%	0.00%	9.29%	4.13%	7.86%	3.57%	9.91%	6.31%	7.11%	3.57%	7.01%
Return on Net Nonoperating Assets (RNNOA)	0.56%	0.00%	4.33%	2.21%	4.71%	2.39%	6.57%	4.20%	5.04%	2.68%	5.05%
Return on Equity (ROE)	4.39%	0.00%	15.55%	8.11%	14.22%	7.56%	17.94%	11.92%	13.47%	6.70%	13.68%
Cash Return on Invested Capital (CROIC)	-43.56%	-42.52%	-31.54%	-15.61%	-7.05%	0.18%	2.03%	-3.57%	-8.34%	-11.60%	-10.20%
Operating Return on Assets (OROA)	4.39%	0.00%	11.85%	6.17%	9.90%	4.89%	12.53%	8.57%	9.47%	4.94%	9.61%
Return on Assets (ROA)	1.98%	0.00%	6.35%	3.09%	5.26%	2.27%	6.40%	4.43%	4.99%	2.84%	5.02%
Return on Common Equity (ROCE)	4.39%	0.00%	15.55%	8.11%	14.22%	7.56%	17.94%	11.92%	13.47%	6.70%	13.68%
Return on Equity Simple (ROE_SIMPLE)	0.98%	0.00%	3.93%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Net Operating Profit after Tax (NOPAT)	3.31	3.55	7.22	6.52	7.41	5.50	7.28	7.59	8.23	4.99	9.91
NOPAT Margin	10.55%	0.00%	33.42%	16.94%	30.61%	13.53%	29.70%	18.34%	18.95%	10.81%	20.45%
Net Nonoperating Expense Percent (NNEP)	1.79%	2.02%	1.93%	1.78%	1.65%	1.60%	1.46%	1.41%	1.32%	0.45%	1.62%
Return On Investment Capital (ROIC_SIMPLE)	-	0.89%	1.75%	1.60%	1.79%	1.29%	1.70%	1.69%	1.72%	0.99%	1.96%
Cost of Revenue to Revenue	5.88%	0.00%	2.34%	45.44%	5.47%	156.76%	4.07%	41.46%	40.49%	43.16%	38.44%
SG&A Expenses to Revenue	9.07%	0.00%	21.76%	13.04%	22.54%	15.51%	21.93%	13.18%	13.53%	12.37%	13.43%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	78.48%	0.00%	54.55%	32.46%	55.48%	-71.62%	57.17%	34.55%	34.73%	41.43%	34.59%
Earnings before Interest and Taxes (EBIT)	4.82	4.43	9.51	8.48	9.44	6.16	9.51	10	11	7.14	13
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	12	12	17	16	18	15	18	19	21	17	24
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.77	0.84	1.00	1.01	0.94	1.31	1.04	1.21	1.29	1.54	1.69
Price to Tangible Book Value (P/TBV)	0.78	0.84	1.00	1.02	0.95	1.31	1.04	1.21	1.29	1.54	1.69
Price to Revenue (P/Rev)	1.69	3.12	2.08	1.95	1.97	2.13	1.70	1.80	1.77	2.45	2.42
Price to Earnings (P/E)	79.11	41.68	25.50	18.85	14.77	19.41	16.01	17.97	18.78	21.16	21.75
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.36%	0.63%	0.85%
Earnings Yield	1.26%	2.40%	3.92%	5.31%	6.77%	5.15%	6.25%	5.56%	5.32%	4.73%	4.60%
Enterprise Value to Invested Capital (EV/IC)	0.85	0.90	1.00	1.01	0.97	1.19	1.03	1.12	1.17	1.29	1.39
Enterprise Value to Revenue (EV/Rev)	2.87	5.67	3.52	3.20	3.32	3.20	2.74	2.81	2.82	3.78	3.56
Enterprise Value to EBITDA (EV/EBITDA)	9.73	9.53	8.56	7.23	6.39	7.64	6.50	7.17	7.65	8.63	8.66
Enterprise Value to EBIT (EV/EBIT)	51.06	33.56	20.74	15.00	12.55	14.95	13.03	14.34	15.24	17.31	17.00
Enterprise Value to NOPAT (EV/NOPAT)	94.03	47.89	28.20	19.87	16.20	18.95	16.48	18.24	19.68	23.26	22.80
Enterprise Value to Operating Cash Flow (EV/OCF)	9.28	19.91	75.35	15.41	8.10	7.56	5.33	7.45	9.56	10.36	10.80
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	0.00	0.00	687.64	51.65	0.00	0.00	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.55	0.70	0.71	0.66	0.65	0.67	0.65	0.68	0.77	0.84	0.81
Long-Term Debt to Equity	0.55	0.70	0.71	0.66	0.65	0.67	0.65	0.68	0.77	0.84	0.81
Financial Leverage	0.27	0.39	0.47	0.53	0.60	0.67	0.66	0.67	0.71	0.75	0.72
Leverage Ratio	1.62	1.73	1.83	1.91	1.96	1.98	1.97	1.98	2.03	2.04	2.02
Compound Leverage Factor	1.08	0.83	1.26	1.25	1.33	1.01	1.31	1.34	1.40	1.67	1.39
Debt to Total Capital	35.36%	41.01%	41.62%	39.89%	39.35%	39.99%	39.23%	40.61%	43.39%	45.57%	44.62%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	35.36%	41.01%	41.62%	39.89%	39.35%	39.99%	39.23%	40.61%	43.39%	45.57%	44.62%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	64.64%	58.99%	58.38%	60.11%	60.65%	60.01%	60.77%	59.39%	56.61%	54.43%	55.38%
Debt to EBITDA	4.03	4.35	3.61	2.88	2.61	2.59	2.50	2.59	2.85	3.05	2.80
Net Debt to EBITDA	4.03	4.28	3.50	2.82	2.60	2.56	2.46	2.59	2.85	3.05	2.77
Long-Term Debt to EBITDA	4.03	4.35	3.61	2.88	2.61	2.59	2.50	2.59	2.85	3.05	2.80
Debt to NOPAT	38.97	21.87	11.88	7.93	6.60	6.42	6.32	6.59	7.32	8.21	7.37
Net Debt to NOPAT	38.91	21.51	11.52	7.75	6.59	6.33	6.24	6.58	7.32	8.21	7.30
Long-Term Debt to NOPAT	38.97	21.87	11.88	7.93	6.60	6.42	6.32	6.59	7.32	8.21	7.37
Altman Z-Score	1.24	1.15	1.43	1.44	1.36	1.71	1.55	1.63	1.60	1.61	1.83
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.49	2.33	3.23	2.34	1.76	2.78	2.10	1.97	1.83	2.33	2.70
Quick Ratio	0.62	1.28	1.95	1.21	0.75	1.02	0.78	0.57	0.49	0.75	1.08
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-129	-142	-116	-71	-45	-20	-11	-35	-57	-77	-68
Operating Cash Flow to CapEx	8.71%	-30.50%	51.31%	147.20%	89.56%	64.69%	110.44%	42.61%	40.14%	40.22%	151.45%
Free Cash Flow to Firm to Interest Expense	-80.49	-61.77	-39.68	-24.29	-14.65	-6.72	-3.41	-10.87	-16.82	-20.55	-16.93
Operating Cash Flow to Interest Expense	1.91	-3.34	1.91	8.70	8.51	3.13	6.71	3.39	4.92	3.71	5.72
Operating Cash Flow Less CapEx to Interest Expense	-20.02	-14.28	-1.81	2.79	-0.99	-1.71	0.63	-4.57	-7.34	-5.51	1.94
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.29	0.16	0.27	0.28	0.25	0.32	0.32	0.35	0.37	0.32	0.36
Accounts Receivable Turnover	5.29	2.35	4.05	4.74	4.56	5.72	5.53	7.68	10.34	10.10	10.23
Inventory Turnover	0.21	0.21	2.69	3.14	3.25	3.46	3.83	4.41	4.86	3.71	4.57
Fixed Asset Turnover	0.00	0.00	0.00	0.00	0.00	7.20	0.00	0.00	0.00	7.92	11.04
Accounts Payable Turnover	0.24	0.39	3.17	2.91	2.63	5.04	5.05	4.50	5.23	6.05	6.76
Days Sales Outstanding (DSO)	69.02	155.09	90.04	77.00	80.02	63.82	66.02	47.55	35.31	36.14	35.68
Days Inventory Outstanding (DIO)	1,767.98	1,765.17	135.50	116.34	112.47	105.35	95.28	82.80	75.10	98.39	79.86
Days Payable Outstanding (DPO)	1,496.26	944.59	115.05	125.33	138.55	72.46	72.23	81.17	69.81	60.30	54.02
Cash Conversion Cycle (CCC)	340.73	975.68	110.49	68.01	53.94	96.71	89.07	49.18	40.60	74.23	61.52
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	362	397	408	405	414	423	426	448	479	505	504
Invested Capital Turnover	0.36	0.20	0.34	0.35	0.31	0.38	0.38	0.42	0.44	0.37	0.42
Increase / (Decrease) in Invested Capital	132	145	124	78	52	26	18	43	66	82	78
Enterprise Value (EV)	309	359	408	409	400	502	438	504	559	652	699
Market Capitalization	181	198	242	249	237	334	272	322	351	422	475
Book Value per Share	$18.81	$18.97	$19.40	$19.75	$20.15	$20.45	$20.81	$21.25	$21.64	$21.86	$22.29
Tangible Book Value per Share	$18.75	$18.90	$19.34	$19.70	$20.09	$20.45	$20.81	$21.25	$21.64	$21.86	$22.29
Total Capital	362	400	413	409	414	425	428	448	479	505	507
Total Debt	128	164	172	163	163	170	168	182	208	230	226
Total Long-Term Debt	128	164	172	163	163	170	168	182	208	230	226
Net Debt	128	161	167	159	163	168	166	182	208	230	224
Capital Expenditures (CapEx)	35	25	11	17	29	15	19	26	42	34	15
Debt-free, Cash-free Net Working Capital (DFCFNWC)	22	41	49	37	25	29	23	24	23	33	37
Debt-free Net Working Capital (DFNWC)	22	44	54	40	25	31	25	24	23	33	40
Net Working Capital (NWC)	22	44	54	40	25	31	25	24	23	33	40
Net Nonoperating Expense (NNE)	1.14	1.85	2.13	2.27	2.40	2.63	2.43	2.40	2.44	0.89	3.15
Net Nonoperating Obligations (NNO)	128	161	167	159	163	168	166	182	208	230	224
Total Depreciation and Amortization (D&A)	6.91	7.30	7.24	7.87	8.30	8.69	8.85	9.26	9.58	10	11
Debt-free, Cash-free Net Working Capital to Revenue	20.35%	64.40%	42.33%	28.69%	20.79%	18.30%	14.14%	13.25%	11.68%	18.93%	19.07%
Debt-free Net Working Capital to Revenue	20.54%	68.73%	46.84%	31.53%	21.13%	19.66%	15.48%	13.43%	11.68%	18.93%	20.25%
Net Working Capital to Revenue	20.54%	68.73%	46.84%	31.53%	21.13%	19.66%	15.48%	13.43%	11.68%	18.93%	20.25%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.18	$0.14	$0.41	$0.34	$0.40	$0.24	$0.39	$0.42	$0.46	$0.32	$0.54
Adjusted Weighted Average Basic Shares Outstanding	12.38M	12.32M	12.38M	12.38M	12.43M	12.41M	12.46M	12.48M	12.54M	12.54M	12.58M
Adjusted Diluted Earnings per Share	$0.18	$0.13	$0.41	$0.34	$0.40	$0.22	$0.38	$0.41	$0.46	$0.32	$0.53
Adjusted Weighted Average Diluted Shares Outstanding	12.40M	12.38M	12.47M	12.48M	12.53M	12.55M	12.61M	12.63M	12.69M	12.70M	12.75M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	12.44M	12.44M	12.44M	12.47M	12.47M	12.51M	12.53M	12.54M	12.57M	12.59M	12.60M
Normalized Net Operating Profit after Tax (NOPAT)	3.31	3.55	7.22	6.35	7.33	5.50	7.24	7.49	8.19	4.96	9.86
Normalized NOPAT Margin	10.55%	0.00%	33.42%	16.48%	30.25%	13.53%	29.53%	18.11%	18.87%	10.74%	20.34%
Pre Tax Income Margin	10.26%	0.00%	30.43%	14.40%	26.42%	7.74%	25.83%	16.40%	17.43%	12.67%	18.40%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	3.01	1.93	3.24	2.89	3.10	2.04	3.00	3.09	3.22	1.91	3.21
NOPAT to Interest Expense	2.07	1.54	2.46	2.22	2.43	1.82	2.30	2.34	2.41	1.33	2.46
EBIT Less CapEx to Interest Expense	-18.92	-9.01	-0.48	-3.02	-6.40	-2.79	-3.08	-4.87	-9.04	-7.31	-0.56
NOPAT Less CapEx to Interest Expense	-19.86	-9.40	-1.26	-3.69	-7.07	-3.01	-3.78	-5.62	-9.85	-7.89	-1.32
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	13.23%	18.42%
Augmented Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	13.23%	18.42%

Financials Breakdown Chart

Key Financial Trends

Natural Gas Services Group (NYSE: NGS) has shown meaningful improvement in operating performance over the last year, with stronger revenue, higher gross profit, and much better cash generation. At the same time, the company is still carrying a large debt load, and the quarter-to-quarter picture can be volatile because of heavy depreciation and large capital spending needs.

In Q1 2026, revenue rose to $48.5 million from $43.4 million in Q3 2025 and $24.5 million in Q1 2025, showing solid top-line momentum. Gross profit also improved to $29.8 million, while operating income reached $13.1 million. Net income came in at $6.8 million, up from $5.8 million in the prior year quarter and far above the $4.1 million earned in Q4 2025.

Cash flow was also strong. NGS generated $23.0 million in operating cash flow in Q1 2026, compared with $16.8 million in Q3 2025 and $13.9 million in Q4 2025. That’s a positive sign for a capital-intensive business, especially since the company spent $15.2 million on property and equipment during the quarter and still ended with a $2.3 million increase in cash.

The balance sheet, however, shows that leverage remains a major factor. Total debt was $226.0 million at the end of Q1 2026, up from $208.0 million in Q3 2025 and $168.0 million in Q1 2025. Total liabilities were $308.4 million, while total equity stood at $280.5 million. NGS does have substantial assets, but the debt burden remains high relative to cash, which was only $2.3 million at quarter-end.

Overall, the trend is encouraging: NGS is growing revenue, improving profitability, and producing stronger operating cash flow. The biggest watch item is whether that growth can continue fast enough to offset interest expense, ongoing investment requirements, and the company’s debt obligations.

Revenue is trending higher, with Q1 2026 sales of $48.5 million, up from $43.4 million in Q3 2025 and $24.5 million in Q1 2025.
Gross profit and operating income improved, showing better operating leverage in the latest quarter.
Net income increased year over year to $6.8 million in Q1 2026 from $4.9 million in Q1 2025.
Operating cash flow strengthened to $23.0 million in Q1 2026, a good sign for a capital-heavy business.
Cash ended higher than the prior quarter, despite significant capital spending.
Depreciation remains large, which lowers reported earnings but also reflects a sizable asset base.
Capital spending is still elevated, with $15.2 million spent on PP&E in Q1 2026.
Debt is still high, with long-term debt at $226.0 million in Q1 2026.
Interest expense remains a drag, at $4.0 million in Q1 2026, reducing pre-tax earnings.
Liquidity is limited, with only $2.3 million in cash at the end of Q1 2026.

Bottom line: NGS looks like a company with improving fundamentals and healthier cash generation, but investors should keep a close eye on leverage and ongoing capital needs. The stock’s longer-term story will likely depend on whether management can keep growing revenue and cash flow while steadily reducing debt pressure.

07/26/26 09:50 AM ETAI Generated. May Contain Errors.

Natural Gas Services Group Financials - Frequently Asked Questions

According to the most recent income statement we have on file, Natural Gas Services Group's fiscal year ends in December. Their fiscal year 2025 ended on December 31, 2025.

Natural Gas Services Group's net income appears to be on an upward trend, with a most recent value of $19.93 million in 2025, rising from $10.15 million in 2015. The previous period was $17.23 million in 2024. Check out Natural Gas Services Group's forecast to explore projected trends and price targets.

Natural Gas Services Group's total operating income in 2025 was $37.30 million, based on the following breakdown:

Total Gross Profit: $100.54 million
Total Operating Expenses: $63.24 million

Over the last 10 years, Natural Gas Services Group's total revenue changed from $95.92 million in 2015 to $172.32 million in 2025, a change of 79.6%.

Natural Gas Services Group's total liabilities were at $312.07 million at the end of 2025, a 31.4% increase from 2024, and a 406.8% increase since 2015.

In the past 10 years, Natural Gas Services Group's cash and equivalents has ranged from $0.00 in 2025 to $69.21 million in 2017, and is currently $0.00 as of their latest financial filing in 2025.

Over the last 10 years, Natural Gas Services Group's book value per share changed from 17.57 in 2015 to 21.86 in 2025, a change of 24.4%.

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Financial statements for NYSE:NGS last updated on 7/9/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.

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Natural Gas Services Group (NGS) Financials

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Natural Gas Services Group (NGS) Financials

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