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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. In the quarter to June 2026, revenue grew 24.2%, EPS fell 28.6%, free cash flow grew 144.9% and total debt rose 80.2%, each against the same quarter a year earlier. Revenue growth for five consecutive years; insiders bought in the last twelve months.

33.10 0.08 −0.24%
Market cap
$428.0M
P/E
20.3×
Fwd P/E
19.4×
Dividend yield
1.57%
F-score
5/9
Altman Z
1.78
Beneish M
−2.71
Dividend safety
31/100
Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

Insider Decisions trades per month

Total buys 0.10
Total sells 6.87
Totals in millions of $.
Dec 25 Mar 26 Jun 26 Sep 26
Buy — 2 — — — — — — — — — —
Sell 4 2 — — 1 — — — — — — —
Insider Ownership 5.95%

Capital & Financial Ratios $m

Market Cap 427.97
Revenue 189.42
Net Income 20.48
Free Cash Flow (31.20)
Net Debt 327.92
Current Ratio 2.01 (at or above 1.5: strong)
Debt/Equity 1.11
P/E ratio 20.31
Fwd P/E 19.40
P/S ratio 2.21
P/B ratio 1.42
Past 5Y EPS Growth 62.16% (at or above 15%: strong)
This Y EPS Growth 10.83%
Next Y EPS Growth 45.79% (at or above 15%: strong)
Next Y revenue growth (87.72%) (below 0%: weak)
Next 5Y EPS Growth 22.77% (at or above 15%: strong)

Green and red mark values outside typical ranges. 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 34.57%
10-year low 10-year high
P/S against its own 10 years 54.76%
10-year low 10-year high
P/B against its own 10 years 85.27%
10-year low 10-year high
EV/Sales against its own 10 years 87.74%
10-year low 10-year high

Dividends

Payout Ratio 0.32
Annual Dividend Rate 0.52
Annual Dividend Yield 1.57%
total individual payouts
2028 Powerpack
2027 Powerpack
2026 0.06
0.11
0.15
0.15
2025 0.03
0.10
0.11
2023 Powerpack
2022 Powerpack
2021 Powerpack
2020 Powerpack
2019 Powerpack
2018 Powerpack
2017 Powerpack
predictions special payouts not included in total or ratios

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%

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.

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.

Target Price Range

Analyst price targets

Recommendation Rating

1.3
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 Trend 2026e 2027e 2028e
Price, $
Price, $ Low 15.96 22.50 15.42 10.22 2.62 8.00 9.11 9.41 13.70 16.73

Analyst estimates 2026–2028

Powerpack
High 34.50 33.40 29.35 19.22 13.14 12.97 15.00 16.44 28.50 34.57
People
People Employees 217 235 273 270 229 247 266 266 245 259
Revenue/emp, $m 0.33 0.29 0.24 0.29 0.30 0.29 0.32 0.46 0.64 0.67
Income, $m
Income, $m Revenue 72 68 65 78 68 72 85 121 157 172
Gross margin, % 55.52 48.96 46.84 43.51 47.94 37.36 45.35 48.46 56.13 58.34
EBT 8 2 0 (15) (3) (12) 0 7 22 27
EBT margin, % 11.81 2.23 (0.60) (18.56) (4.38) (16.27) (0.05) 5.46 13.82 15.40
Net income 6 20 0 (14) 2 (9) (1) 5 17 20
Depreciation 22 21 22 23 25 25 24 27 32 38
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
Earnings 0.51 1.55 (0.04) (1.06) 0.14 (0.70) (0.05) 0.39 1.39 1.59
Cash flow 2.50 1.36 1.83 2.24 2.47 2.18 2.26 1.46 5.35 5.02
Capex (0.25) (1.05) (3.08) (5.33) (1.12) (1.95) (5.26) (12.46) (5.75) (9.68)
Free cash flow 2.25 0.32 (1.26) (3.09) 1.35 0.23 (3.01) (11.00) (0.40) (4.66)
Book value 18.34 20.05 19.99 18.89 19.02 18.01 18.70 19.15 20.55 21.91
Shares, m 13 13 13 13 13 13 12 12 12 13
Valuation, ×
Valuation, × P/E 62.55 17.75 0.00 0.00 67.71 0.00 0.00 40.15 19.42 21.03
P/S 5.65 5.08 3.26 2.05 1.84 1.89 1.63 1.59 2.12 2.45
P/B 1.74 1.34 0.82 0.65 0.50 0.58 0.60 0.82 1.30 1.54
EV/Sales 4.77 4.07 2.46 1.91 1.43 1.59 1.89 2.93 3.20 3.78
EV/FCF 11.97 68.02 (9.89) (3.70) 5.46 38.13 (4.33) (2.62) (101.09) (11.15)
Cash, $m
Cash, $m Operating cash flow 32 17 24 29 33 29 28 18 66 63
Capex (3) (13) (40) (70) (15) (26) (65) (153) (71) (121)
Free cash flow 29 4 (16) (40) 18 3 (37) (135) (5) (58)
Balance, $m
Balance, $m Working capital 89 101 84 37 62 45 24 44 31 33
Total debt 0 0 0 1 1 0 25 164 170 230
Net debt (64) (69) (52) (11) (28) (23) 22 161 168 230
Shareholders’ equity 233 257 259 248 252 236 230 236 255 275
Returns, %
Returns, % ROA 2.23 6.69 (0.15) (4.69) 0.61 (3.03) (0.18) 1.18 3.55 3.69
ROIC 3.11 0.49 (0.15) (4.00) (1.01) (3.64) 0.11 1.65 4.92 4.62
ROE 2.83 8.07 (0.18) (5.47) 0.72 (3.77) (0.24) 2.04 7.02 7.52
Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Charts ten years each

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. $985.9M 25.4× 40.7× +70.29% (above 0%: growing) +460.00% (above 0%: growing) −31.76% (below 0%: shrinking) 23.93% 14.98% Compare
FET Forum Energy Technologies, Inc. $968.0M — (loss-making) 27.5× +13.24% (above 0%: growing) +77.42% (above 0%: growing) −35.07% (below 0%: shrinking) 31.54% 9.07% Compare
ACDC ProFrac Holding Corp. $856.0M — (loss-making) — (loss-making) −0.76% (below 0%: shrinking) n/m −114.52% (below 0%: shrinking) 22.08% (7.61%) Compare
OIS Oil States International, Inc. $494.7M — (loss-making) 18.5× −5.29% (below 0%: shrinking) +100.00% (above 0%: growing) −124.96% (below 0%: shrinking) 24.71% 7.48% Compare
CLB Core Laboratories Inc. $466.2M 19.4× 28.1× −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. $428.0M 20.3× 19.4× +24.21% (above 0%: growing) −28.57% (below 0%: shrinking) +144.88% (above 0%: growing) 59.94% 19.30%
RNGR Ranger Energy Services, Inc. $361.8M 24.9× 9.2× +25.53% (above 0%: growing) −12.12% (below 0%: shrinking) +33.55% (above 0%: growing) 19.15% 6.69% Compare
SND Smart Sand $224.7M 19.5× 10.4× +34.14% (above 0%: growing) −52.73% (below 0%: shrinking) +80.86% (above 0%: growing) 17.23% 8.74% Compare
OMSE OMS Energy Technologies Inc. $183.4M — — — — +204.37% (above 0%: growing) — — Compare
Median of peers $480.4M 22.2× 23.0× +13.24% +32.65% −33.41% 22.08% 7.48%

All 46 Oil & Gas Equipment & Services stocks →

Natural Gas Services Group, Inc. (NGS) key facts

  • Strength: Natural Gas Services Group, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $172.3 million, up 9.94% from fiscal 2024.
  • Natural Gas Services Group, Inc. (NGS) is an Oil & Gas Equipment & Services company in the Energy sector, listed on the New York Stock Exchange.
  • As of October 9, 2026, NGS traded at $33.10, a market capitalization of $428.0 million.
  • Natural Gas Services Group, Inc. pays an annual dividend of $0.52 per share, a yield of 1.57%, with a payout ratio of 32.3%.
  • Return on equity was 7.52% and debt-to-equity 1.11.
  • Its Piotroski F-score is 5 out of 9 and its Altman Z-score is 1.78 (distress zone) for fiscal 2025.

Source: company filings (standardised) and stockrow calculations.

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

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