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Natural Gas Services Group Inc. (NGS) Fundamental Analysis & AI Grade 2026

NGS NYSE Oil & Gas Field Services, NEC CIK: 0001084991
Updated This Month • Analysis: May 13, 2026 • SEC Data: 2026-03-31
Combined AI Grade
A
69% Confidence
AGREEMENT
A
70% Conf
B
68% Conf

📊 NGS Key Takeaways

Revenue: $48.5M
Net Margin: 14.0%
Free Cash Flow: $7.8M
Current Ratio: 2.70x
Debt/Equity: 0.58x
EPS: $0.53
AI Grade: A with 70% confidence
Natural Gas Services Group Inc. (NGS) receives a A fundamental grade with 69% confidence from our AI analysis based on SEC 10-K filings. With revenue of $48.5M, net profit margin of 14.0%, and return on equity (ROE) of 2.4%, Natural Gas Services Group Inc. demonstrates strong fundamentals in the Energy sector. Below is our complete NGS stock analysis for 2026.

Is Natural Gas Services Group Inc. (NGS) a Good Investment?

Claude

NGS demonstrates strong operational fundamentals with excellent profitability margins (27% operating margin, 14% net margin) and accelerating earnings growth (net income +15.7% YoY, EPS +14.6% YoY), indicating effective cost management and operating leverage. However, capital efficiency is poor with low ROE (2.4%) and ROA (1.1%), while the minimal cash position ($2.3M) relative to $163M debt creates financial inflexibility that warrants monitoring.

ChatGPT

NGS shows solid top-line growth with strong operating profitability and ample interest coverage, supported by healthy liquidity and moderate leverage. However, heavy capital spending has driven materially negative free cash flow and reported cash is minimal, elevating execution and funding risk. Sustained utilization and successful conversion of growth capex into cash-generating assets are needed to translate earnings strength into durable free cash flow.

Natural Gas Services Group Inc. Key Strengths (NGS)

Claude
  • + Strong and stable operating margins of 27% in cyclical industry
  • + Net income and EPS growth accelerating faster than revenue growth (15.7% and 14.6% vs 9.9%), showing margin expansion and operating leverage
  • + Healthy liquidity ratios (current 2.70x, quick 1.77x) and reasonable leverage (debt/equity 0.58x) with adequate interest coverage (4.5x)
  • + Positive free cash flow generation of $7.8M with 16.1% FCF margin
ChatGPT
  • + Robust operating margin (21.6%) with double-digit net income growth
  • + Strong liquidity (2.33x current, 1.49x quick) and manageable leverage (0.59x D/E)
  • + High interest coverage (12.7x) indicating comfortable debt service capacity

NGS Stock Risks: Natural Gas Services Group Inc. Investment Risks

Claude
  • ! Critically low cash position of $2.3M relative to $163M long-term debt limits financial flexibility and acquisition/investment capacity
  • ! Very low returns on equity (2.4%) and assets (1.1%) indicate poor capital productivity despite good margins
  • ! Oil & Gas Field Services sector is cyclical; revenue growth may not be sustainable if commodity prices or customer activity decline
  • ! Insider activity (6 Form 4 filings) without context suggests potential capital transactions or share sales
ChatGPT
  • ! Negative free cash flow driven by elevated capex; zero reported cash heightens funding risk
  • ! Cyclical oilfield services demand could pressure utilization, pricing, and margins
  • ! Modest returns (ROE 7.3%, ROA 3.4%) for an asset-intensive model

Key Metrics to Watch

Claude
  • * Operating cash flow trend and free cash flow generation - critical for debt reduction and improving cash buffer
  • * Return on equity and asset efficiency - must improve to justify current capital base
  • * Revenue growth sustainability and margin maintenance through potential industry cycles
  • * Absolute cash balance and debt reduction progress
ChatGPT
  • * FCF margin
  • * Capex as % of revenue

Natural Gas Services Group Inc. (NGS) Financial Metrics & Key Ratios

Revenue
$48.5M
Net Income
$6.8M
EPS (Diluted)
$0.53
Free Cash Flow
$7.8M
Total Assets
$588.9M
Cash Position
$2.3M

💡 AI Analyst Insight

Strong liquidity with a 2.70x current ratio provides a solid financial cushion.

NGS Profit Margin, ROE & Profitability Analysis

Gross Margin N/A
Operating Margin 27.0%
Net Margin 14.0%
ROE 2.4%
ROA 1.1%
FCF Margin 16.1%

NGS vs Energy Sector: How Natural Gas Services Group Inc. Compares

How Natural Gas Services Group Inc. compares to Energy sector averages

Net Margin
NGS 14.0%
vs
Sector Avg 12.0%
NGS Sector
ROE
NGS 2.4%
vs
Sector Avg 14.0%
NGS Sector
Current Ratio
NGS 2.7x
vs
Sector Avg 1.3x
NGS Sector
Debt/Equity
NGS 0.6x
vs
Sector Avg 0.6x
NGS Sector

Sector benchmarks are approximate industry averages. Actual sector performance may vary.

Is Natural Gas Services Group Inc. Stock Overvalued? NGS Valuation Analysis 2026

Based on fundamental analysis, Natural Gas Services Group Inc. has mixed fundamental signals relative to the Energy sector in 2026.

Return on Equity
2.4%
Sector avg: 14%
Net Profit Margin
14.0%
Sector avg: 12%
Revenue Growth
N/A
Year-over-year
Debt/Equity
0.58x
Sector avg: 0.6x

Note: This is a fundamental analysis based on SEC filings. For P/E ratio, price targets, and market-based valuation, consult financial data providers. This is not investment advice.

Natural Gas Services Group Inc. Balance Sheet: NGS Debt, Cash & Liquidity

Current Ratio
2.70x
Quick Ratio
1.77x
Debt/Equity
0.58x
Debt/Assets
52.4%
Interest Coverage
4.45x
Long-term Debt
$163.0M

NGS Revenue & Earnings Growth: 5-Year Financial Trend

NGS 5-year financial data: Year 2019: Revenue $21.7M, Net Income N/A, EPS N/A. Year 2020: Revenue $21.7M, Net Income N/A, EPS N/A. Year 2021: Revenue $8.8M, Net Income $1.8M, EPS $0.14. Year 2022: Revenue $10.4M, Net Income -$9.2M, EPS $-0.70. Year 2023: Revenue $15.0M, Net Income -$569.0K, EPS $-0.05.
Revenue
Net Income
EPS (right axis)

5-Year Trend Summary: Natural Gas Services Group Inc.'s revenue has declined by 31% over the 5-year period, indicating business contraction. The most recent EPS of $0.38 reflects profitable operations.

NGS Revenue Growth, EPS Growth & YoY Performance

Revenue Growth
N/A
Year-over-year
Net Income Growth
N/A
Year-over-year
EPS Growth
N/A
Earnings per share
FCF Margin
16.1%
Free cash flow / Revenue

NGS Quarterly Earnings & Performance

Quarterly financial performance data for Natural Gas Services Group Inc. including revenue, net income, and earnings per share.
Quarter Revenue Net Income EPS
Q3 2024 $3.3M $370.0K $0.18
Q2 2024 $2.9M $370.0K $0.04
Q1 2024 $3.2M $370.0K $0.03
Q3 2023 $3.4M -$70.0K $-0.01
Q2 2023 $1.8M -$70.0K $-0.01
Q1 2023 $3.2M $337.0K $0.03
Q3 2022 $2.1M -$70.0K $-0.01
Q2 2022 $1.8M -$70.0K $-0.01

Data sourced from SEC EDGAR 10-Q quarterly filings. Figures may represent quarterly or cumulative values.

Natural Gas Services Group Inc. Dividends, Buybacks & Capital Allocation

Operating Cash Flow
$23.0M
Cash generated from operations
Capital Expenditures
$15.2M
Investment in assets
Dividends Paid
$1.4M
Returned to shareholders

NGS SEC Filings: Latest 10-K & 10-Q Analysis

Access official SEC EDGAR filings for Natural Gas Services Group Inc. (CIK: 0001084991)

📋 Recent SEC Filings

Date Form Document Action
May 13, 2026 8-K ngs-20260512.htm View →
May 11, 2026 10-Q ngs-20260331.htm View →
May 11, 2026 8-K ngs-20260511.htm View →
Apr 28, 2026 DEF 14A ngs-20260428.htm View →
Mar 18, 2026 8-K ngs-20260317.htm View →

Frequently Asked Questions about NGS

What is the AI rating for NGS?

Natural Gas Services Group Inc. (NGS) has a Combined AI Grade of A from Claude (A) and ChatGPT (B) with 69% combined confidence, based on fundamental analysis of SEC EDGAR filings.

What are NGS's key strengths?

Claude: Strong and stable operating margins of 27% in cyclical industry. Net income and EPS growth accelerating faster than revenue growth (15.7% and 14.6% vs 9.9%), showing margin expansion and operating leverage. ChatGPT: Robust operating margin (21.6%) with double-digit net income growth. Strong liquidity (2.33x current, 1.49x quick) and manageable leverage (0.59x D/E).

What are the risks of investing in NGS?

Claude: Critically low cash position of $2.3M relative to $163M long-term debt limits financial flexibility and acquisition/investment capacity. Very low returns on equity (2.4%) and assets (1.1%) indicate poor capital productivity despite good margins. ChatGPT: Negative free cash flow driven by elevated capex; zero reported cash heightens funding risk. Cyclical oilfield services demand could pressure utilization, pricing, and margins.

What is NGS's revenue and growth?

Natural Gas Services Group Inc. reported revenue of $48.5M.

Does NGS pay dividends?

Natural Gas Services Group Inc. pays dividends, with $1.4M distributed to shareholders in the trailing twelve months.

Where can I find NGS SEC filings?

Official SEC filings for Natural Gas Services Group Inc. (CIK: 0001084991) including 10-K, 10-Q, and 8-K reports are available on SEC EDGAR.

What is NGS's EPS?

Natural Gas Services Group Inc. has a diluted EPS of $0.53.

How is the AI analysis conducted?

Two independent AI systems — Claude (Anthropic) and ChatGPT (OpenAI) — analyze SEC EDGAR filings including 10-K annual reports and 10-Q quarterly reports. Each AI evaluates financial health, profitability ratios, balance sheet strength, and growth metrics. The combined grade reflects both perspectives for balanced insights.

What is NGS's fundamental grade?

Based on our AI fundamental analysis in May 2026, Natural Gas Services Group Inc. has a A grade with 69% confidence. The AI analysis suggests favorable fundamentals based on SEC filings. This is not investment advice.

Is NGS stock overvalued or undervalued?

Valuation metrics for NGS: ROE of 2.4% (sector avg: 14%), net margin of 14.0% (sector avg: 12%). Compare these metrics with sector averages to assess valuation.

What is NGS's AI grade for 2026?

Our dual AI analysis gives Natural Gas Services Group Inc. a combined A grade for 2026. Revenue is data pending, with profitability above sector average. Always conduct your own research.

What is NGS's free cash flow?

Natural Gas Services Group Inc.'s operating cash flow is $23.0M, with capital expenditures of $15.2M. FCF margin is 16.1%.

How does NGS compare to other Energy stocks?

Vs Energy sector averages: Net margin 14.0% (avg: 12%), ROE 2.4% (avg: 14%), current ratio 2.70 (avg: 1.3).

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Disclaimer: This analysis is generated by Claude AI (Anthropic) and ChatGPT (OpenAI) based on publicly available SEC EDGAR filings. It does not include stock price data and should not be considered financial advice. All fundamental data is sourced from SEC public domain filings. Always conduct your own research and consult with a qualified financial advisor before making investment decisions.
Data Source: SEC EDGAR | Analysis Date: May 13, 2026 | Data as of: 2026-03-31 | Powered by Claude AI