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Natural Gas Services Group, Inc.

NGS Energy Oil & Gas Equipment & Services

Natural Gas Services Group, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $172.3 million, up 9.94% from fiscal 2024.

Revenue
+24.2%
EPS
−28.6%
Free cash flow
+144.9%
Total debt
+80.2%

Quarter to June 2026, against a year earlier

31.28 1.12 −3.46%
Market cap
$417.9M
P/E
19.9×
Fwd P/E
18.6×
Dividend yield
1.60%
F-score
5/9
Altman Z
1.78
Beneish M
−2.71
Dividend safety
31/100
Overview
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios

Insider Decisions last twelve months

Bought, $m 0.10
Sold, $m 5.06
Trades a month
Jan 26 Apr 26 Jul 26 Oct 26
Buy 2 — — — — — — — — — — —
Sell 2 — — 1 — — — — — — — —
Insider Ownership 5.95%

Capital & Financial Ratios $m

Size
Market Cap 417.90
Revenue ttm 189.42
Net income ttm 20.48
Free cash flow ttm (31.20)
Net debt Q 327.92
Valuation
P/E 19.88
Forward P/E 18.60
Price / sales 2.17
Forward P/S Powerpack
Price / FCF 0.00
Price / book 1.39
Financial health
Current ratio Q 2.01 (at or above 1.5: strong)
Debt / equity Q 1.11
Interest coverage Q 2.23
Growth
Revenue growth Q +24.21% (above 0%: growing)
Operating income growth Q −0.02% (below 0%: shrinking)
EPS, this year +10.83%
EPS, next year A +45.79% (at or above 15%: strong)
Revenue, next year A −87.55% (below 0%: weak)
EPS, past 5 yrs +62.16% (at or above 15%: strong)
EPS, next 5 yrs A +22.77% (at or above 15%: strong)

Green and red mark values outside typical ranges; (Q) is the latest quarter, (A) analysts’ estimates. How we judge →

Valuation vs history

EV/Sales, ten years
EV/Sales is 3.9×, against a ten-year median of 2.7×; over the ten years it ranged from 0.6× in 2020 to 4.6× in 2026.
P/E against its own 10 years 32.81%
10-year low 10-year high
P/S against its own 10 years 52.52%
10-year low 10-year high
P/B against its own 10 years 83.25%
10-year low 10-year high
EV/Sales against its own 10 years 86.56%
10-year low 10-year high

Dividends

Yield
1.60%
Annual rate
0.52
Payout ratio
32.3%
  1. 0.03 ’25e
  2. 0.06 ’26e +94%
paid forecast Powerpack

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 3 2 — 0
Receivables 51 27 33 22
Inventory 22 18 21 29
Other — — 2 11
76 48 57 66
2023 2024 2025 Q'26
Payables 18 10 14 17
ST’ Debt — — — —
Other — — — —
33 17 25 33

Compound Annual Growth %

10y 5y 3y
Sales 6.03% 20.42% 26.65%
Cash Flow 4.23% 14.02% 31.36%
Earnings 6.98% 61.60% 0.00%
Book Value 2.06% 1.78% 6.09%

Earnings Trends EPS, adjusted, against the consensus

Q2 FY26 Estimate 0.37 Actual 0.47

Earnings per share against the consensus, by quarter
Quarter Estimate Reported Result
Q3 FY25 0.33 0.46 Beat by 0.13
Q4 FY25 0.37 0.32 Miss by 0.05
Q1 FY26 0.45 0.53 Beat by 0.08
Q2 FY26 0.37 0.47 Beat by 0.10
Q3 FY26 0.45 — Reports 9 November 2026

EPS $

Mar Jun Sep Dec Year
’26 0.53 0.30 — — —
’25 0.38 0.41 0.46 0.32 1.57
’24 0.41 0.34 0.40 0.23 1.37
’23 0.03 0.04 0.18 0.13 0.38
’22 0.03 (0.01) (0.01) (0.06) (0.05)
’21 (0.03) (0.14) (0.10) (0.43) (0.70)
’20 0.30 0.01 (0.04) (0.14) 0.14
Fiscal quarters ending in the months shown.

Revenue $m

Mar Jun Sep Dec Year
’26 48 51 — — —
’25 41 41 43 46 172
’24 37 38 41 41 157
’23 27 27 31 36 121
’22 20 20 22 23 85
’21 18 18 18 18 72
’20 18 17 16 17 68
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Mar Jun Sep Dec Year
’26 23 25 — — —
’25 21 11 17 14 63
’24 6 26 26 9 66
’23 18 4 3 (8) 18
’22 5 8 7 8 28
’21 7 5 7 9 29
’20 8 7 13 5 33
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Mar Jun Sep Dec Year
’26 8 7 — — —
’25 2 (15) (25) (21) (58)
’24 (5) 9 (3) (5) (5)
’23 (30) (41) (32) (33) (135)
’22 (3) (3) (9) (22) (37)
’21 2 (2) 1 2 3
’20 2 3 12 1 18
Fiscal quarters ending in the months shown.

Target Price Range

Analyst price targets

Recommendation Rating

1.3
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Ten-year view Analyst estimates Powerpack
Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 TTM Jun ’26 Trend 10 yrs 2026e 2027e 2028e Next 3/yr
Income, $m
Income, $m Revenue 72 68 65 78 68 72 85 121 157 172 189 +10.2% 21 26 27 (45.8%)
Gross margin, % 55.52 48.96 46.84 43.51 47.94 37.36 45.35 48.46 56.13 58.34 59.72 +2.8 pt
EBT 8 2 0 (15) (3) (12) 0 7 22 27 28 +13.5%
EBT margin, % 11.81 2.23 (0.60) (18.56) (4.38) (16.27) (0.05) 5.46 13.82 15.40 14.72 +3.6 pt
Net income 6 20 0 (14) 2 (9) (1) 5 17 20 20 +13.3%
Per share, $
Per share, $ Revenue 5.64 5.28 5.05 5.98 5.15 5.53 6.89 9.84 12.63 13.74 14.96 +10.4%
Earnings 0.51 1.55 (0.04) (1.06) 0.14 (0.70) (0.05) 0.39 1.39 1.59 1.63 +13.5%
Cash flow 2.50 1.36 1.83 2.24 2.47 2.18 2.26 1.46 5.35 5.02 6.25 +8.0%
Capex (0.25) (1.05) (3.08) (5.33) (1.12) (1.95) (5.26) (12.46) (5.75) (9.68) (8.71) +49.9%
Free cash flow 2.25 0.32 (1.26) (3.09) 1.35 0.23 (3.01) (11.00) (0.40) (4.66) (2.46) n/m
Book value 18.34 20.05 19.99 18.89 19.02 18.01 18.70 19.15 20.55 21.91 23.25 +2.0%
Shares, m 13 13 13 13 13 13 12 12 12 13 13 (0.1%)
Valuation, ×
Valuation, × P/E 62.55 17.75 0.00 0.00 67.71 0.00 0.00 40.15 19.42 21.03 19.88 22.9
P/S 5.65 5.08 3.26 2.05 1.84 1.89 1.63 1.59 2.12 2.45 2.17 2.8
P/B 1.74 1.34 0.82 0.65 0.50 0.58 0.60 0.82 1.30 1.54 1.39 1.0
EV/Sales 4.77 4.07 2.46 1.91 1.43 1.59 1.89 2.93 3.20 3.78 3.90 2.8
EV/FCF 11.97 68.02 (9.89) (3.70) 5.46 38.13 (4.33) (2.62) (101.09) (11.15) (23.68) (0.9)
Cash, $m
Cash, $m Operating cash flow 32 17 24 29 33 29 28 18 66 63 79 +7.9%
Capex (3) (13) (40) (70) (15) (26) (65) (153) (71) (121) (110) +49.7%
Free cash flow 29 4 (16) (40) 18 3 (37) (135) (5) (58) (31) n/m
Balance, $m
Balance, $m Working capital 89 101 84 37 62 45 24 44 31 33 33 (10.5%)
Net debt (64) (69) (52) (11) (28) (23) 22 161 168 230 328 n/m
Shareholders’ equity 233 257 259 248 252 236 230 236 255 275 294 +1.8%
Returns, %
Returns, % ROA 2.23 6.69 (0.15) (4.69) 0.61 (3.03) (0.18) 1.18 3.55 3.69 3.29 +1.5 pt
ROIC 3.11 0.49 (0.15) (4.00) (1.01) (3.64) 0.11 1.65 4.92 4.62 4.10 +1.5 pt
ROE 2.83 8.07 (0.18) (5.47) 0.72 (3.77) (0.24) 2.04 7.02 7.52 7.30 +4.7 pt
People
People Employees 217 235 273 270 229 247 266 266 245 259 — +2.0%
Revenue/emp, $m 0.33 0.29 0.24 0.29 0.30 0.29 0.32 0.46 0.64 0.67 — +8.1%
Negative figures in brackets.
estimates

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Natural Gas Services Group, Inc. vs peers in Oil & Gas Equipment & Services (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
FTK Flotek Industries, Inc. $918.2M 23.9× 31.2× +70.29% (above 0%: growing) +460.00% (above 0%: growing) −31.76% (below 0%: shrinking) 23.93% 14.98% Compare
ACDC ProFrac Holding Corp. $888.8M — (loss-making) — (loss-making) −0.76% (below 0%: shrinking) n/m −114.52% (below 0%: shrinking) 22.08% (7.61%) Compare
TTI Tetra Technologies, Inc. $867.7M 147× 25.1× +6.78% (above 0%: growing) −12.50% (below 0%: shrinking) −61.25% (below 0%: shrinking) 24.62% 10.84% Compare
HMH HMH Holding Inc. $835.1M — — — — — 35.88% (2.83%) Compare
OIS Oil States International, Inc. $579.1M — (loss-making) 24.0× −5.29% (below 0%: shrinking) +100.00% (above 0%: growing) −124.96% (below 0%: shrinking) 24.71% 7.48% Compare
CLB Core Laboratories Inc. $488.2M 20.4× 24.7× −4.26% (below 0%: shrinking) −43.48% (below 0%: shrinking) −65.67% (below 0%: shrinking) 18.65% 7.34% Compare
NGS Natural Gas Services Group, Inc. $417.9M 19.9× 18.6× +24.21% (above 0%: growing) −28.57% (below 0%: shrinking) +144.88% (above 0%: growing) 59.94% 19.30%
RNGR Ranger Energy Services, Inc. $351.5M 24.2× 15.5× +25.53% (above 0%: growing) −12.12% (below 0%: shrinking) +33.55% (above 0%: growing) 19.15% 6.69% Compare
SND Smart Sand $205.2M 17.9× 10.4× +34.14% (above 0%: growing) −52.73% (below 0%: shrinking) +80.86% (above 0%: growing) 17.23% 8.74% Compare
Median of peers $707.1M 23.9× 24.4× +6.78% −12.31% −61.25% 23.01% 7.41%

All 48 Oil & Gas Equipment & Services stocks →

Pay and ownership Proxy statement filed 28 April 2026

Chief executive’s pay

Year Total pay Actually paid $100 invested
2025 2.97m 3.94m 357.17
2024 2.55m 3.22m 282.70
2023 3.59m 3.39m 169.62
2022 1.38m 1.88m 120.89
2021 1.75m 2.26m 110.44

Ownership

Directors and executive officers, together 3.12%
Dimensional Fund Advisors LP 6.48%
BlackRock, Inc. 5.54%
AWM Investment Company, Inc. 5.36%
Aegis Financial Corporation 5.32%
Total pay is as the Summary Compensation Table states it; actually paid revalues the year’s share awards at its end, as the SEC’s pay-versus-performance rule asks. $100 invested is what $100 in the company’s shares at the start of the earliest year shown was worth at each year’s end. Ownership is the proxy’s own table: the directors and officers as a group, and every holder of 5% or more. Read the proxy statement

Natural Gas Services Group, Inc. (NGS) Latest News

26 Oct

Impact 3 · · GlobeNewswire

17 Aug

Impact 3 · · The Motley Fool transcript

11 Aug

Impact 3 · · MarketBeat transcript
Impact 3 · · Moby transcript

10 Aug

Impact 3 ·

3 Aug

Impact 3 ·

15 Jun

Impact 4 ·

14 May

Impact 4 ·

13 May

Impact 4 · · MarketBeat

12 May

Impact 4 · · GuruFocus.com
Impact 4 · · Moby

11 May

Impact 4 · · GlobeNewswire
Impact 3 · · Zacks

1 May

Impact 4 · · GlobeNewswire

17 Mar

Impact 4 · · GuruFocus.com
Impact 4 · · MarketBeat
Impact 4 · · Moby
Impact 3 · · The Motley Fool transcript

16 Mar

Impact 4 · · Associated Press Finance
Impact 4 · · GlobeNewswire
Impact 3 · · Zacks

31 Jan

Impact 3 · · Insider Monkey

25 Jan

Impact 4 · · Simply Wall St.

18 Jan

Impact 3 · · Insider Monkey

7 Jan

Impact 3 ·

6 Jan

Impact 4 · · Zacks

4 Jan

Impact 4 · · Simply Wall St.

2 Jan

Impact 4 · · Zacks

31 Dec

Impact 3 · · Zacks

30 Dec

Impact 3 · · ZacksZacksZacksZacksZacksZacksZacksZacks
stockrow.com/NGS · Data as of Jun 30, 2026 · For information only; not investment advice. · © 2026 stockrow.com