A Business at a Glance
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NATURAL GAS SERVICES GROUP INC
NGS
$463M
Mkt Cap
$36.47
-6.17%
NATURAL GAS SERVICES GROUP INC (NGS) has a current P/E ratio of 24.8, compared to its historical median P/E of 41.7. The stock is currently considered Fair based on its historical valuation range.
NATURAL GAS SERVICES GROUP INC (NGS) has a 5-year average return on invested capital (ROIC) of 2.0%. This is below average and may indicate limited pricing power.
NATURAL GAS SERVICES GROUP INC (NGS) has a market capitalization of $463M. It is classified as a small-cap stock.
Yes, NATURAL GAS SERVICES GROUP INC (NGS) pays a dividend with a trailing twelve-month yield of 0.57%.
Based on historical P/E analysis, NATURAL GAS SERVICES GROUP INC (NGS) appears fair. The current P/E of 24.8 is 40% below its historical median of 41.7. The estimated fair value CAGR (P/E method) is 42.8%.
NATURAL GAS SERVICES GROUP INC (NGS) operates in the Oil & Gas Field Services, Nec industry, within the Energy sector.
NATURAL GAS SERVICES GROUP INC (NGS) reported annual revenue of $172 million in its most recent fiscal year, based on SEC EDGAR filings.
Unless the context otherwise requires, references in this Annual Report on Form 10-K to “Natural Gas Services Group,” the “Company,” “NGS,” “we,” “us,” or “our” refer to Natural Gas Services Group, Inc. and its consolidated subsidiary, NGSG Properties, LLC. Certain specialized terms used in describing our natural gas compressor business are defined in “Glossary of Industry Terms” on page ii. Description of Business We were incorporated in December 1998 and initially operated as a holding company of a group of subsidiaries that were engaged in the manufacturing, operation and leasing of natural gas compression equipment, flares and related assets to the natural gas industry with a focus on unconventional natural gas production plays in the U.S. (such as coalbed methane, gas shales and tight gas). We completed our initial public offering in October 2002 and our common stock began trading on the American Stock Exchange under the symbol “NGS.
| Metric | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Revenue | 172M | 172M | 157M | 121M | 85M | 72M |
| Net Income | 20M | 20M | 17M | 4.7M | -569K | -9.2M |
| EPS | $1.57 | $1.57 | $1.37 | $0.38 | $-0.05 | $-0.70 |
| Free Cash Flow | -59M | -59M | -5.4M | -136M | -37M | 2.8M |
| ROIC | 3.8% | 4.8% | 6.4% | 2.3% | 0.2% | -3.8% |
| Gross Margin | 58.3% | 58.3% | 56.1% | 48.5% | 45.3% | 32.9% |
| Debt/Equity | 1.68 | 1.68 | 0.67 | 0.70 | 0.11 | 0.00 |
| Dividends/Share | $0.21 | $0.21 | $0.00 | $0.00 | - | - |
| Operating Income | 37M | 37M | 33M | 10M | 431K | -12M |
| Operating Margin | 21.6% | 21.6% | 21.3% | 8.6% | 0.5% | -17.1% |
| ROE | 7.3% | 7.5% | 7.0% | 2.0% | -0.2% | -3.8% |
| Shares Outstanding | 13M | 13M | 13M | 12M | 11M | 13M |
| Metric | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | |||||||||||||
| Revenue | 97M | 96M | 72M | 68M | 65M | 78M | 68M | 72M | 85M | 121M | 157M | 172M | 172M |
| Gross Margin | 55.5% | 51.0% | 54.8% | 48.6% | 46.9% | 24.0% | 47.3% | 32.9% | 45.3% | 48.5% | 56.1% | 58.3% | 58.3% |
| R&D | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A | 10M | 11M | 9.0M | 10M | 9.1M | 11M | 11M | 11M | 14M | 17M | 21M | 22M | 22M |
| EBIT | 22M | 15M | 8.4M | 1.5M | -507K | -15M | -3.6M | -12M | 431K | 10M | 33M | 37M | 37M |
| Op. Margin | 22.7% | 15.8% | 11.8% | 2.2% | -0.8% | -19.3% | -5.3% | -17.1% | 0.5% | 8.6% | 21.3% | 21.6% | 21.6% |
| Net Income | 14M | 10M | 6.5M | 20M | -466K | -14M | 1.8M | -9.2M | -569K | 4.7M | 17M | 20M | 20M |
| Net Margin | 14.6% | 10.6% | 9.0% | 29.2% | -0.7% | -17.7% | 2.7% | -12.7% | -0.7% | 3.9% | 11.0% | 11.6% | 11.6% |
| Non-Recurring | 160K | 179K | 86K | 87K | 69K | 10M | 284K | 182K | 250K | 2.5M | 1.4M | 2.9M | 2.9M |
| Returns on Capital | |||||||||||||
| ROIC | 7.5% | 5.1% | 3.6% | 8.1% | -0.2% | -5.5% | 0.7% | -3.8% | 0.2% | 2.3% | 6.4% | 4.8% | 3.8% |
| ROE | 7.0% | 4.7% | 2.8% | 8.1% | -0.2% | -5.5% | 0.7% | -3.8% | -0.2% | 2.0% | 7.0% | 7.5% | 7.3% |
| ROA | 5.2% | 3.6% | 2.2% | 6.7% | -0.2% | -4.7% | 0.6% | -3.0% | -0.2% | 1.2% | 3.5% | 3.7% | 3.4% |
| Cash Flow | |||||||||||||
| Op. Cash Flow | 35M | 42M | 32M | 17M | 24M | 29M | 33M | 29M | 28M | 18M | 66M | 63M | 63M |
| Free Cash Flow | -19M | 29M | 28M | 4.0M | -16M | -41M | 17M | 2.8M | -37M | -136M | -5.4M | -59M | -59M |
| Owner Earnings | 9.8M | 15M | 7.7M | -7.9M | -776K | 3.6M | 5.3M | 1.4M | 1.7M | -11M | 33M | 24M | 24M |
| CapEx | 53M | 12M | 3.3M | 14M | 40M | 70M | 15M | 26M | 65M | 154M | 72M | 121M | 121M |
| Maint. CapEx | 22M | 23M | 22M | 21M | 22M | 23M | 25M | 25M | 24M | 27M | 31M | 37M | 37M |
| Growth CapEx | 32M | 0 | 0 | 0 | 18M | 47M | 0 | 313K | 41M | 127M | 41M | 85M | 85M |
| D&A | 22M | 23M | 22M | 21M | 22M | 23M | 25M | 25M | 24M | 27M | 31M | 37M | 37M |
| CapEx/OCF | 154.3% | 30.0% | 10.4% | 77.3% | 169.1% | 237.8% | 46.7% | 90.1% | 234.6% | 853.7% | 108.2% | N/A | 193.1% |
| Capital Allocation | |||||||||||||
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2.6M | 2.6M |
| Dividend Yield | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 0.6% |
| Share Buybacks | 0 | 0 | 0 | 0 | 0 | 490K | 0 | 7.9M | 6.7M | 0 | 0 | 0 | 0 |
| Buyback Yield | N/A | N/A | N/A | N/A | N/A | 0.3% | N/A | 5.9% | 5.3% | N/A | N/A | 0.0% | 0.0% |
| Stock-Based Comp | 3.2M | 3.5M | 2.3M | 4.0M | 2.4M | 2.6M | 2.2M | 1.7M | 1.9M | 2.1M | 1.8M | 2.1M | 2.1M |
| Debt Repayment | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 237K | 77K | 2.7M | 22M | 11M | 11M |
| Balance Sheet | |||||||||||||
| Net Debt | -5.3M | -35M | -64M | -68M | -52M | -11M | -28M | -23M | 22M | 163M | 168M | 462M | 462M |
| Cash & Equiv. | 6.2M | 36M | 64M | 69M | 53M | 12M | 29M | 23M | 3.4M | 2.7M | 2.1M | 0 | N/A |
| Long-Term Debt | 417K | 417K | 0 | 417K | 417K | 0 | N/A | 0 | 0 | 723K | 0 | 230M | 230M |
| Debt/Equity | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.11 | 0.70 | 0.67 | 1.68 | 1.68 |
| Interest Coverage | 2198.6 | 1009.8 | 1053.8 | 105.1 | -7.3 | -1010.2 | -257.1 | -190.9 | 1.2 | 2.6 | 2.8 | 2.7 | 2.7 |
| Equity | 211M | 224M | 233M | 257M | 259M | 248M | 252M | 236M | 230M | 236M | 255M | 275M | 275M |
| Total Assets | 283M | 286M | 294M | 298M | 304M | 287M | 307M | 299M | 328M | 479M | 493M | 587M | 587M |
| Total Liabilities | 72M | 62M | 61M | 41M | 45M | 39M | 55M | 63M | 98M | 243M | 237M | 312M | 312M |
| Intangibles | 1.9M | 1.8M | 1.7M | 1.5M | 1.4M | 1.3M | 1.2M | 1.0M | 900K | 775K | 0 | N/A | N/A |
| Retained Earnings | 115M | 126M | 132M | 152M | 151M | 137M | 139M | 130M | 130M | 134M | 152M | 169M | 169M |
| Working Capital | 42M | 69M | 89M | 101M | 84M | 37M | 62M | 45M | 24M | 44M | 31M | 33M | 33M |
| Current Assets | 55M | 73M | 95M | 108M | 95M | 42M | 73M | 65M | 54M | 76M | 48M | 57M | 57M |
| Current Liabilities | 13M | 4.6M | 6.5M | 7.5M | 11M | 5.5M | 11M | 20M | 30M | 33M | 17M | 25M | 25M |
| Per Share Data | |||||||||||||
| EPS | 1.11 | 0.79 | 0.50 | 1.51 | -0.04 | -1.06 | 0.14 | -0.70 | -0.05 | 0.38 | 1.37 | 1.57 | 1.57 |
| Owner EPS | 0.77 | 1.19 | 0.59 | -0.60 | -0.07 | 0.27 | 0.41 | 0.11 | 0.15 | -0.85 | 2.65 | 1.90 | 1.90 |
| Book Value | 16.55 | 17.44 | 18.01 | 19.63 | 22.25 | 18.94 | 19.48 | 17.98 | 20.22 | 18.88 | 20.28 | 21.64 | 21.64 |
| Cash Flow/Share | 2.72 | 3.24 | 2.46 | 1.33 | 2.03 | 2.25 | 2.53 | 2.17 | 2.44 | 1.44 | 5.29 | 4.96 | 4.46 |
| Dividends/Share | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 0.00 | 0.00 | 0.21 | 0.21 |
| Shares Out. | 12.7M | 12.8M | 12.9M | 13.1M | 11.7M | 13.1M | 12.9M | 13.1M | 11.4M | 12.5M | 12.6M | 12.7M | 12.7M |
| Valuation | |||||||||||||
| P/E Ratio | 20.2 | 27.6 | 63.1 | 17.0 | N/A | N/A | 68.3 | N/A | N/A | 41.7 | 18.4 | N/A | 23.2 |
| P/FCF | N/A | 9.6 | 14.3 | 84.8 | N/A | N/A | 7.1 | 47.5 | N/A | N/A | N/A | N/A | N/A |
| EV/EBIT | 12.7 | 16.1 | 40.8 | 171.3 | N/A | N/A | N/A | N/A | 339.2 | 34.3 | 14.6 | N/A | 24.8 |
| Price/Book | 1.4 | 1.2 | 1.8 | 1.3 | 0.7 | 0.6 | 0.5 | 0.6 | 0.5 | 0.8 | 1.2 | N/A | 1.7 |
| Price/Sales | 3.7 | 2.8 | 4.2 | 5.1 | 4.1 | 2.5 | 1.5 | 1.8 | 12.4 | 1.2 | 1.6 | N/A | 2.7 |
| FCF Yield | -6.6% | 10.4% | 7.0% | 1.2% | -9.2% | -26.0% | 14.1% | 2.1% | -30.0% | -68.7% | -1.7% | N/A | -12.7% |
| Market Cap | 285M | 280M | 408M | 337M | 178M | 156M | 123M | 134M | 125M | 198M | 318M | 0 | 463M |
| Avg. Price | 28.24 | 21.21 | 23.07 | 26.35 | 22.87 | 14.80 | 8.15 | 10.08 | 11.26 | 11.57 | 20.20 | 0.00 | 36.47 |
| Year-End Price | 22.39 | 21.77 | 31.56 | 25.65 | 15.30 | 11.93 | 9.56 | 10.19 | 10.95 | 15.83 | 25.27 | 0.00 | 36.47 |
NATURAL GAS SERVICES GROUP INC passes 2 of 9 quality checks, indicating weak fundamentals.
NATURAL GAS SERVICES GROUP INC trades at 24.8x trailing earnings, compared to its 15-year median P/E of 41.7x, suggesting it is currently Fair relative to its historical range. The company's 5-year average ROIC is 2.0% with a gross margin of 48.2%. Total shareholder yield (dividends) is 0.6%. At current prices, the estimated annualized return to fair value is -31.3%.
NATURAL GAS SERVICES GROUP INC (NGS) has a net profit margin of 11.6%. This is a healthy margin.
NATURAL GAS SERVICES GROUP INC (NGS) generated $-59 million in free cash flow in its most recent fiscal year. Negative free cash flow may indicate heavy investment or operational challenges.
NATURAL GAS SERVICES GROUP INC (NGS) has a debt-to-equity ratio of 1.68. This indicates higher leverage, which may increase financial risk.
NATURAL GAS SERVICES GROUP INC (NGS) reported earnings per share (EPS) of $1.57 in its most recent fiscal year.
NATURAL GAS SERVICES GROUP INC (NGS) has a return on equity (ROE) of 7.5%. This indicates moderate shareholder returns.
NATURAL GAS SERVICES GROUP INC (NGS) has a 5-year average gross margin of 48.2%. This indicates decent pricing power.
The Ledger Terminal provides 17 years of financial data for NATURAL GAS SERVICES GROUP INC (NGS), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
NATURAL GAS SERVICES GROUP INC (NGS) has a book value per share of $21.64, based on its most recent annual SEC filing.