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Financials · NGS

Natural Gas Services Group Inc. (NGS) financials

For the twelve months ended Sep 30, 2026, Natural Gas Services Group Inc. reported $207.27M of revenue and $20.30M of net income.

Revenue, TTM
$207.27M
Revenue growth, YoY
+24.2%
Net income, TTM
$20.30M
Net income growth, YoY
+8.6%
Net margin
9.8%
Free cash flow, TTM
-$15.43M
EPS, diluted, TTM
$1.58
EPS growth, YoY
+7.5%
Cash
$708.0K
P/E
18.47
P/S
1.81
Market cap
$375.0M
Annual revenue$172.31M
FY2016FY2025
Annual net income$19.93M
FY2016FY2025
Annual free cash flow-$58.56M
FY2016FY2025

NGS revenue and earnings growth

NGS revenueQ3 2026$61.26M

Quarter YoY
+41.1%
QoQ
+19.2%
FY YoY
+9.9%
5Y CAGR
+20.4%
10Y CAGR
+6.0%

NGS revenue was $61.26M in fiscal Q3 2026 (ended Sep 30, 2026), up 41.1% from a year earlier and up 19.2% from the prior quarter. For the full fiscal 2025 it was $172.31M, up 9.9% from fiscal 2024. Compound annual growth was +20.4% over 5 years and +6.0% over 10 years. It rose in 6 of the last 10 fiscal years. Fiscal 2025 is the highest of the 15 fiscal years on file.

NGS net incomeQ3 2026$5.61M

Quarter YoY
-3.0%
QoQ
+46.5%
FY YoY
+15.7%
5Y CAGR
+61.6%
10Y CAGR
+7.0%

NGS net income was $5.61M in fiscal Q3 2026 (ended Sep 30, 2026), down 3.0% from a year earlier and up 46.5% from the prior quarter. For the full fiscal 2025 it was $19.93M, up 15.7% from fiscal 2024. Compound annual growth was +61.6% over 5 years and +7.0% over 10 years. Fiscal 2025 is the highest of the 15 fiscal years on file.

NGS EPSQ3 2026$0.43

Quarter YoY
-6.5%
QoQ
+43.3%
FY YoY
+14.6%
5Y CAGR
+62.2%
10Y CAGR
+7.1%

NGS diluted EPS was $0.43 in fiscal Q3 2026 (ended Sep 30, 2026), down 6.5% from a year earlier and up 43.3% from the prior quarter. For the full fiscal 2025 it was $1.57, up 14.6% from fiscal 2024. Compound annual growth was +62.2% over 5 years and +7.1% over 10 years.

NGS free cash flowQ3 2026-$9.17M

NGS free cash flow was -$9.17M in fiscal Q3 2026 (ended Sep 30, 2026), compared with -$25.06M a year earlier. For the full fiscal 2025 it was -$58.56M, compared with -$5.43M in fiscal 2024.

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Income statement

Income statement
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
FY2018
Dec 31, 2018
FY2017
Dec 31, 2017
FY2016
Dec 31, 2016
Revenue$172.31M$156.74M$121.17M$84.83M$72.42M$68.06M$78.44M$65.48M$67.69M$71.65M
Selling, general and admin$22.41M$21.01M$16.94M$13.89M$10.76M$10.55M$10.71M$9.10M$10.08M$9.01M
Operating income$37.30M$33.33M$10.46M$431.0K-$12.41M-$3.60M-$15.15M-$507.0K$1.47M$8.43M
Interest expense$13.56M$11.93M$4.08M$364.0K$65.0K$14.0K$15.0K$69.0K$14.0K$8.0K
Pre-tax income$26.53M$21.67M$6.62M-$41.0K-$11.79M-$2.98M-$14.56M-$394.0K$1.51M$8.46M
Income tax$6.60M$4.44M$1.87M$528.0K-$2.60M-$4.79M-$693.0K$72.0K-$18.29M$2.00M
Net income$19.93M$17.23M$4.75M-$569.0K-$9.18M$1.81M-$13.86M-$466.0K$19.79M$6.47M
EPS, basic$1.59$1.39$0.39-$0.05-$0.70$0.14-$1.06-$0.04$1.54$0.51
EPS, diluted$1.57$1.37$0.38-$0.05-$0.70$0.14-$1.06-$0.04$1.51$0.50
Diluted shares12.7M12.6M12.4M12.3M13.1M13.3M13.1M13.0M13.1M12.9M

Balance sheet

Balance sheet
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
FY2018
Dec 31, 2018
FY2017
Dec 31, 2017
FY2016
Dec 31, 2016
Cash and equivalents$0$2.14M$2.75M$3.37M$22.94M$28.93M$11.59M$52.63M$69.21M$64.09M
Receivables$18.50M$15.63M$39.19M$14.67M$10.39M$11.88M$9.11M$7.22M$8.53M$7.38M
Inventory$20.65M$18.05M$21.64M$23.41M$19.33M$19.93M$21.08M$30.19M$26.22M$21.43M
Current assets$57.12M$48.18M$76.27M$54.15M$65.10M$72.72M$42.41M$94.92M$108.23M$95.36M
Goodwill$0-----$0$10.04M$10.04M$10.04M
Total assets$586.79M$492.53M$478.73M$328.25M$298.51M$306.80M$286.58M$304.20M$298.31M$293.52M
Current liabilities$24.51M$17.36M$32.71M$30.40M$20.28M$10.86M$5.51M$10.95M$7.45M$6.50M
Total debt--$164.00M$25.00M------
Total liabilities$312.07M$237.47M$242.84M$98.17M$62.60M$55.26M$38.88M$44.97M$40.99M$60.57M
Shareholders' equity$274.72M$255.06M$235.89M$230.08M$235.91M$251.54M$247.69M$259.23M$257.26M$232.95M

Cash flow

Cash flow
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
FY2018
Dec 31, 2018
FY2017
Dec 31, 2017
FY2016
Dec 31, 2016
Operating cash flow$62.93M$66.46M$18.03M$27.76M$28.53M$32.65M$29.41M$23.69M$17.50M$31.79M
Capital expenditures$121.49M$71.89M$153.94M$65.12M$25.71M$15.26M$69.94M$40.06M$13.54M$3.32M
Free cash flow-$58.56M-$5.43M-$135.91M-$37.36M$2.82M$17.39M-$40.53M-$16.38M$3.96M$28.46M
Investing cash flow-$121.30M-$71.44M-$153.89M-$65.08M-$25.66M-$15.16M-$70.17M-$40.28M-$12.84M-$3.41M
Financing cash flow$56.23M$4.37M$135.23M$17.75M-$8.85M-$157.0K-$273.0K$16.0K$453.0K$191.0K
Dividends paid$2.64M$0$0-------
Share repurchases-$0$0$6.66M$7.85M$0$490.0K$0$0-
Stock-based compensation$2.13M$1.82M$2.05M$1.91M$1.74M$2.19M$2.58M$2.38M$4.04M$2.30M
Depreciation and amortization$36.66M$31.35M$26.55M$24.12M$25.40M$25.20M$23.27M$22.08M$21.32M$21.80M

Key ratios

Key ratios
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
FY2018
Dec 31, 2018
FY2017
Dec 31, 2017
FY2016
Dec 31, 2016
Revenue growth, YoY9.9%29.4%42.8%17.1%6.4%-13.2%19.8%-3.3%-5.5%-25.3%
Net income growth, YoY15.7%262.9%------206.0%-36.2%
EPS growth, YoY14.6%260.5%------202.0%-36.7%
Operating margin21.6%21.3%8.6%0.5%-17.1%-5.3%-19.3%-0.8%2.2%11.8%
Net margin11.6%11.0%3.9%-0.7%-12.7%2.7%-17.7%-0.7%29.2%9.0%
Free cash flow margin-34.0%-3.5%-112.2%-44.0%3.9%25.6%-51.7%-25.0%5.9%39.7%
Return on equity7.3%6.8%2.0%-0.2%-3.9%0.7%-5.6%-0.2%7.7%2.8%
Return on assets3.4%3.5%1.0%-0.2%-3.1%0.6%-4.8%-0.2%6.6%2.2%
Current ratio2.332.782.331.783.216.707.708.6714.5214.67
Debt to equity--0.700.11------

Source: XBRL data Natural Gas Services Group Inc. files with the SEC, latest filing dated Nov 9, 2026 (see filings on SEC EDGAR). Provided for information only, not investment advice. Check the filing before relying on a number.

* Worked out from the filings rather than stated in them: Q4 is the full year less the first nine months.

Per-share figures are as filed. The filings show no stock split in these periods.

EPS growth is left out where the share count moved enough to suggest a split the filings do not show. Growth rates need a positive starting figure. CAGR is compound annual growth between fiscal years. The CSV holds every period on file, in full figures, from the same SEC filings.

NGS peers

CompanyRevenueGrowthNet incomeNet marginMarket cap
NGS$207.27M+24.2%$20.30M9.8%$375.0M
SLB$36.89B+4.6%$3.10B8.4%$74.36B
HAL$22.48B+1.5%$2.01B8.9%$26.37B
OII$2.91B+3.0%$331.39M11.4%$3.46B
WBI$867.79M+114.9%$16.03M1.8%$3.20B
WTTR$1.52B+7.8%$49.90M3.3%$2.16B
LBRT$4.44B+13.6%$40.31M0.9%$2.11B
NESR$1.83B-$109.97M6.0%$1.97B

NGS FAQ

8 questions
  • What is NGS revenue?
    Natural Gas Services Group Inc. (NGS) reported $207.27M of revenue for the twelve months ended Sep 30, 2026. That is up 24.2% from the year before. Revenue for fiscal 2025 was $172.31M.
  • Is NGS profitable?
    Yes. Natural Gas Services Group Inc. earned $20.30M in net income for the twelve months ended Sep 30, 2026, a net margin of 9.8%.
  • How much cash and debt does NGS have?
    Natural Gas Services Group Inc. reported $708.0K in cash and cash equivalents on its most recent balance sheet in SEC filings.
  • How fast is NGS revenue growing?
    Natural Gas Services Group Inc.'s revenue changed +9.9% in fiscal 2025, to $172.31M. Its compound annual growth rate was +20.4% over 5 years and +6.0% over 10 years.
  • What is NGS free cash flow?
    Natural Gas Services Group Inc. generated -$15.43M of free cash flow for the twelve months ended Sep 30, 2026, which is operating cash flow of $79.08M less capital expenditures.
  • What is NGS earnings per share?
    Diluted earnings per share were $1.58 for the twelve months ended Sep 30, 2026, from SEC filings, restated for any stock split those filings show.
  • When did NGS last report financial results?
    The latest statements here come from Natural Gas Services Group Inc.'s 10-Q filed on Nov 9, 2026, covering the period ended Sep 30, 2026.
  • Where does this NGS financial data come from?
    Quantisnow builds these statements from the structured XBRL data Natural Gas Services Group Inc. files with the SEC. It is provided for information only and is not investment advice.