Natural Gas Services Group, Inc. (NGS) Income Statement
NGS 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsNGS revenue and net income
Where NGS's revenue goes
2025Each bar shows an amount and its share of revenue. NGS kept 11.6% of revenue as net income.
NGS profit margins
NGS growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +9.9% | +26.6% | +20.4% | +6.0% |
| Gross profit | +12.8% | +64.5% | +53.8% | +7.7% |
| Operating income | +21.4% | +354.4% | — | +10.3% |
| Net income | +15.7% | — | +61.6% | +7.0% |
| EPS (diluted) | +15.3% | — | — | +5.8% |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
NGS quarterly EPS vs estimates
Natural Gas Services beat the analyst EPS estimate in 8 of the last 8 quarters. Next report: November 9, 2026 (estimate $0.45).
NGS income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $172.3M | $156.7M | $121.2M | $84.8M | $72.4M | $68.1M | $78.4M | $65.5M | $67.7M | $71.7M |
| Cost of revenue | $108.4M | $100.1M | $89.0M | $70.5M | $70.8M | $60.6M | $67.6M | $55.7M | $56.0M | $53.7M |
| Gross profit | $63.9M | $56.6M | $32.2M | $14.4M | $1.7M | $7.4M | $10.9M | $9.7M | $11.6M | $18.0M |
| Research & development | — | — | $100,000 | $100,000 | $125,000 | $125,000 | $125,000 | $125,000 | $125,000 | $125,000 |
| Sales, general & admin | $22.4M | $21.0M | $17.0M | $13.6M | $10.8M | $10.6M | $10.7M | $9.1M | $10.1M | $9.0M |
| Total operating expenses | $23.4M | $23.3M | $21.7M | $13.9M | $14.1M | $11.0M | $16.0M | $9.1M | $10.1M | $9.6M |
| Operating income | $40.4M | $33.3M | $10.5M | $431,000 | −$12.4M | −$3.6M | −$4.5M | $638,000 | $1.6M | $8.4M |
| Interest income | $2.4M | $11.9M | $4.1M | $364,000 | $65,000 | $14,000 | $15,000 | $69,000 | $14,000 | $8,000 |
| Interest expense | $13.6M | $11.9M | $4.1M | $364,000 | $65,000 | $14,000 | $15,000 | $69,000 | $14,000 | $8,000 |
| Income before taxes | $26.5M | $21.7M | $6.6M | −$41,000 | −$11.8M | −$3.0M | −$14.6M | $751,000 | $1.6M | $8.5M |
| Income taxes | $6.6M | $4.4M | $1.9M | $528,000 | −$2.6M | −$4.8M | −$693,000 | $325,000 | −$18.2M | $2.0M |
| Net income | $19.9M | $17.2M | $4.7M | −$569,000 | −$9.2M | $1.8M | −$13.9M | $426,000 | $19.9M | $6.5M |
| EBITDA | $76.8M | $64.9M | $37.3M | $24.4M | $13.7M | $22.2M | $8.7M | $21.8M | $22.9M | $30.3M |
| EPS (diluted) | $1.81 | $1.57 | $0.47 | −$0.05 | −$0.45 | −$0.20 | $0.06 | $0.09 | $0.12 | $0.53 |
| Gross margin | 37.1% | 36.1% | 26.5% | 16.9% | 2.3% | 10.9% | 13.9% | 14.9% | 17.2% | 25.1% |
| Operating margin | 23.5% | 21.3% | 8.6% | 0.5% | −17.1% | −5.3% | −5.7% | 1.0% | 2.3% | 11.8% |
| Net margin | 11.6% | 11.0% | 3.9% | −0.7% | −12.7% | 2.7% | −17.7% | 0.7% | 29.3% | 9.0% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $51.4M | $48.5M | $46.1M | $43.4M | $41.4M | $41.4M | $40.7M | $40.7M | $38.5M | $36.9M | $36.2M | $31.4M |
| Cost of revenue | $20.6M | $28.5M | $29.7M | $26.8M | $26.1M | $25.8M | $26.1M | $16.5M | $25.2M | $22.9M | $23.1M | $23.6M |
| Gross profit | $30.8M | $19.9M | $16.4M | $16.6M | $15.3M | $15.6M | $14.5M | $24.2M | $13.3M | $14.0M | $13.1M | $7.7M |
| Research & development | — | — | — | — | — | — | $100,000 | — | — | $100,000 | — | — |
| Sales, general & admin | $9.9M | $6.5M | $5.7M | $5.9M | $5.5M | $5.4M | $6.3M | $5.2M | $4.8M | $4.7M | $4.2M | $2.8M |
| Total operating expenses | $20.9M | $6.5M | $6.8M | $5.9M | $5.5M | $5.4M | $8.5M | $14.8M | $4.8M | $4.7M | $31.3M | $2.8M |
| Operating income | $9.9M | $13.4M | $9.7M | $10.7M | $9.8M | $10.2M | $6.0M | $9.5M | $8.5M | $9.3M | $4.9M | $4.9M |
| Interest income | $36,000 | — | $1.3M | $3.4M | $3.2M | $3.2M | $3.0M | $3.0M | — | — | — | $1.6M |
| Interest expense | $4.4M | $4.0M | $3.7M | $3.1M | $3.2M | $3.2M | $3.0M | $3.0M | $2.9M | $2.9M | $2.3M | $1.6M |
| Income before taxes | $5.5M | $8.9M | $5.8M | $7.6M | $6.8M | $6.3M | $3.1M | $6.4M | $5.5M | $6.6M | $2.1M | $3.2M |
| Income taxes | $1.7M | $2.2M | $1.7M | $1.8M | $1.6M | $1.5M | $283,000 | $1.4M | $1.3M | $1.5M | — | $1.0M |
| Net income | $3.8M | $6.8M | $4.1M | $5.8M | $5.2M | $4.9M | $2.9M | $5.0M | $4.2M | $5.1M | $1.7M | $2.2M |
| EBITDA | $21.0M | $23.3M | $19.4M | $19.9M | $19.0M | $18.1M | $14.6M | $17.5M | $16.2M | $16.6M | — | $11.6M |
| EPS (diluted) | $0.47 | $0.55 | $0.52 | $0.45 | $0.41 | $0.43 | $0.41 | $0.41 | $0.34 | $0.41 | $0.14 | $0.18 |
| Gross margin | 59.9% | 41.1% | 35.6% | 38.2% | 36.9% | 37.7% | 35.7% | 59.5% | 34.5% | 38.0% | 36.2% | 24.7% |
| Operating margin | 19.3% | 27.7% | 20.9% | 24.7% | 23.7% | 24.6% | 14.9% | 23.2% | 22.1% | 25.2% | 13.6% | 15.6% |
| Net margin | 7.5% | 14.0% | 8.9% | 13.3% | 12.5% | 11.7% | 7.0% | 12.3% | 11.0% | 13.8% | 4.7% | 6.9% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in NGS's financial statements (latest annual report filed March 16, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
NGS financial results
In fiscal year 2025 (ended December 31, 2025), Natural Gas Services reported revenue of $172.3 million, up 9.9% from the year before. It had net income of $19.9 million (up 15.7%), a net profit margin of 11.6%. Diluted earnings per share came to $1.81. Over five years revenue grew at an average rate of 20.4% a year.
See the NGS stock overview for the latest quote and news, or the NGS chart for price history and technical indicators.
NGS income statement FAQ
What is Natural Gas Services's annual revenue?
Natural Gas Services reported total revenue of $172.3 million for fiscal year 2025, which ended on December 31, 2025. That was up 9.9% from $156.7 million the previous year.
Is Natural Gas Services profitable?
Yes. Natural Gas Services reported net income of $19.9 million in fiscal 2025, a net profit margin of 11.6%; its operating margin was 23.5%.
What is Natural Gas Services's gross margin?
Natural Gas Services's gross margin was 37.1% in fiscal 2025: for every $100 of revenue, Natural Gas Services kept $37 after the direct cost of its products and services.
How fast is Natural Gas Services growing?
Revenue grew 20.4% a year on average over the last five fiscal years, from $68.1 million to $172.3 million.
What are Natural Gas Services's earnings per share?
Natural Gas Services earned $1.81 per diluted share in fiscal 2025, compared with $1.57 a year earlier.
When will Natural Gas Services report its next earnings?
Natural Gas Services is expected to report results for the quarter ending September 30, 2026 on November 9, 2026 after the market closes.
When does Natural Gas Services's fiscal year end?
Natural Gas Services's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on March 16, 2026.