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Stocks · Energy · Oil & Gas Field Services, NEC

NATURAL GAS SERVICES GROUP INC

NGS Clue Score61
United States Fiscal year ends December CIK 0001084991
$33.10 -0.24% Close, 9 Oct 2026
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Price $33.10 +163.96% Close, 9 Oct 2026

Closing prices at the end of each trading day, from 12 Oct 2016. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back. P/E and P/FCF are the market value over the last full fiscal year's net income or free cash flow, as public on each day, so they step once a year when the annual report comes out. A hatched band marks a stretch with none: a year of net loss, or of cash burnt.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
RevenueOperating incomeNet income
Fiscal year 2016Revenue37.6Operating income8.4Net income6.5EPS, diluted0.50Fiscal year 2017Revenue21.6 −42.5%Operating income1.5Net income19.8 +206.0%EPS, diluted1.51 +202.0%Fiscal year 2018Revenue17.7 −18.2%Operating income−0.5Net income−0.5 −102.4%EPS, diluted−0.04 −102.6%Fiscal year 2019Revenue21.7 +22.8%Operating income−15.2Net income−13.9EPS, diluted−1.06Fiscal year 2020Revenue7.2 −66.8%Operating income−3.6Net income1.8EPS, diluted0.14Fiscal year 2021Revenue8.8 +21.7%Operating income−12.4Net income−9.2 −607.9%EPS, diluted−0.70 −600.0%Fiscal year 2022Revenue10.4 +17.8%Operating income0.4Net income−0.6EPS, diluted−0.05Fiscal year 2023Revenue15.0 +44.9%Operating income10.5Net income4.7EPS, diluted0.38Fiscal year 2024Revenue156.7 +944.4%Operating income33.3Net income17.2 +262.9%EPS, diluted1.37 +260.5%Fiscal year 2025Revenue172.3 +9.9%Operating income37.3Net income19.9 +15.7%EPS, diluted1.57 +14.6%
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue 37.6 21.6 17.7 21.7 7.2 8.8 10.4 15.0 156.7 172.3
Growth −42.5% −18.2% +22.8% −66.8% +21.7% +17.8% +44.9% +944.4% +9.9%
Operating income 8.4 1.5 −0.5 −15.2 −3.6 −12.4 0.4 10.5 33.3 37.3
Net income 6.5 19.8 −0.5 −13.9 1.8 −9.2 −0.6 4.7 17.2 19.9
Growth +206.0% −102.4% −607.9% +262.9% +15.7%
EPS, diluted 0.50 1.51 −0.04 −1.06 0.14 −0.70 −0.05 0.38 1.37 1.57
Growth +202.0% −102.6% −600.0% +260.5% +14.6%

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Operating marginNet margin
Fiscal year 2016Operating margin22.4%Net margin17.2%Free cash flow margin75.6%Fiscal year 2017Operating margin6.8%Net margin91.4%Free cash flow margin18.3%Fiscal year 2018Operating margin−2.9%Net margin−2.6%Free cash flow margin−92.5%Fiscal year 2019Operating margin−69.7%Net margin−63.8%Free cash flow margin−186.4%Fiscal year 2020Operating margin−49.8%Net margin25.0%Free cash flow margin240.6%Fiscal year 2021Operating margin−141.1%Net margin−104.4%Free cash flow margin32.0%Fiscal year 2022Operating margin4.2%Net margin−5.5%Free cash flow margin−360.6%Fiscal year 2023Operating margin69.7%Net margin31.6%Free cash flow margin−905.6%Fiscal year 2024Operating margin21.3%Net margin11.0%Free cash flow margin−3.5%Fiscal year 2025Operating margin21.6%Net margin11.6%Free cash flow margin−34.0%
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating margin 22.4% 6.8% −2.9% −69.7% −49.8% −141.1% 4.2% 69.7% 21.3% 21.6%
Net margin 17.2% 91.4% −2.6% −63.8% 25.0% −104.4% −5.5% 31.6% 11.0% 11.6%
Free cash flow margin 75.6% 18.3% −92.5% −186.4% 240.6% 32.0% −360.6% −905.6% −3.5% −34.0%

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flowCapital expenditureFree cash flow
Fiscal year 2016Operating cash flow31.8Capital expenditure−3.3Free cash flow28.5Fiscal year 2017Operating cash flow17.5Capital expenditure−13.5Free cash flow4.0 −86.1%Buybacks0.0Fiscal year 2018Operating cash flow23.7Capital expenditure−40.1Free cash flow−16.4 −513.2%Buybacks0.0Fiscal year 2019Operating cash flow29.4Capital expenditure−69.9Free cash flow−40.5Buybacks−0.5Fiscal year 2020Operating cash flow32.6Capital expenditure−15.3Free cash flow17.4Buybacks0.0Fiscal year 2021Operating cash flow28.5Capital expenditure−25.7Free cash flow2.8 −83.8%Buybacks−7.9Fiscal year 2022Operating cash flow27.8Capital expenditure−65.1Free cash flow−37.4 −1,426.2%Buybacks−6.7Fiscal year 2023Operating cash flow18.0Capital expenditure−153.9Free cash flow−135.9Buybacks0.0Dividends paid0.0Fiscal year 2024Operating cash flow66.5Capital expenditure−71.9Free cash flow−5.4Buybacks0.0Dividends paid0.0Fiscal year 2025Operating cash flow62.9Capital expenditure−121.5Free cash flow−58.6Dividends paid−2.6
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow 31.8 17.5 23.7 29.4 32.6 28.5 27.8 18.0 66.5 62.9
Capital expenditure −3.3 −13.5 −40.1 −69.9 −15.3 −25.7 −65.1 −153.9 −71.9 −121.5
Free cash flow 28.5 4.0 −16.4 −40.5 17.4 2.8 −37.4 −135.9 −5.4 −58.6
Growth −86.1% −513.2% −83.8% −1,426.2%
Buybacks n/a 0.0 0.0 −0.5 0.0 −7.9 −6.7 0.0 0.0 n/a
Dividends paid n/a n/a n/a n/a n/a n/a n/a 0.0 0.0 −2.6

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
CashTotal debt
Fiscal year 2016Cash64.1Shareholders’ equity233.0Fiscal year 2017Cash69.2Shareholders’ equity257.3Fiscal year 2018Cash52.6Shareholders’ equity259.2Fiscal year 2019Cash11.6Shareholders’ equity247.7Fiscal year 2020Cash28.9Shareholders’ equity251.5Fiscal year 2021Cash22.9Shareholders’ equity235.9Fiscal year 2022Cash3.4Total debt25.0Net cash (debt)−21.6Shareholders’ equity230.1Debt to equity0.11Fiscal year 2023Cash2.7Total debt164.0Net cash (debt)−161.3Shareholders’ equity235.9Debt to equity0.70Fiscal year 2024Cash2.1Shareholders’ equity255.1Fiscal year 2025Cash0.0Shareholders’ equity274.7
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Cash 64.1 69.2 52.6 11.6 28.9 22.9 3.4 2.7 2.1 0.0
Total debt n/a n/a n/a n/a n/a n/a 25.0 164.0 n/a n/a
Net cash (debt) n/a n/a n/a n/a n/a n/a −21.6 −161.3 n/a n/a
Shareholders’ equity 233.0 257.3 259.2 247.7 251.5 235.9 230.1 235.9 255.1 274.7
Debt to equity n/a n/a n/a n/a n/a n/a 0.11 0.70 n/a n/a

In millions of USD, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2025 · 10-K

Income statement

In millions of USD, except per-share figures; shares in millions. Fiscal years ending December, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2016 31 Dec 2016 FY2017 31 Dec 2017 FY2018 31 Dec 2018 FY2019 31 Dec 2019 FY2020 31 Dec 2020 FY2021 31 Dec 2021 FY2022 31 Dec 2022 FY2023 31 Dec 2023 FY2024 31 Dec 2024 FY2025 31 Dec 2025
Revenue and profit
37.6 21.6 17.7 21.7 7.2 8.8 10.4 15.0 156.7 172.3
Growth −42.5% −18.2% +22.8% −66.8% +21.7% +17.8% +44.9% +944.4% +9.9%
9.0 10.1 9.1 10.7 10.6 10.8 13.9 16.9 21.0 22.4
8.4 1.5 −0.5 −15.2 −3.6 −12.4 0.4 10.5 33.3 37.3
Growth −82.6% −134.5% +2,326.2% +218.7% +11.9%
8.5 1.5 −0.4 −14.6 −3.0 −11.8 −0.0 6.6 21.7 26.5
2.0 −18.3 0.1 −0.7 −4.8 −2.6 0.5 1.9 4.4 6.6
6.5 19.8 −0.5 −13.9 1.8 −9.2 −0.6 4.7 17.2 19.9
Growth +206.0% −102.4% −607.9% +262.9% +15.7%
Per share
0.51 1.54 −0.04 −1.06 0.14 −0.70 −0.05 0.39 1.39 1.59
0.50 1.51 −0.04 −1.06 0.14 −0.70 −0.05 0.38 1.37 1.57
Growth +202.0% −102.6% −600.0% +260.5% +14.6%
12.7 12.8 13.0 13.1 13.2 13.1 12.3 12.3 12.4 12.5
12.9 13.1 13.0 13.1 13.3 13.1 12.3 12.4 12.6 12.7
Growth +1.4% −1.1% +1.1% +1.1% −1.2% −6.1% +0.6% +1.4% +1.1%

Five years in brief

Worked out from the figures above, not from a press release
  • Revenue grew 88.6% a year over five years, and earnings per share grew 62.2% a year.
  • The diluted share count fell 4.3% in five years, so buybacks did some of the work per share.
  • Operating margin is up 71.4 points on five years ago, at 21.6%.
  • A net loss in 4 of 10 years on file.