Natural Gas Services (NGS) Gross Margin (2024 - 2026)
Natural Gas Services' Gross Margin was 59.94% in Q2 2026, up 1.41 percentage points from 58.54% a year earlier but down 2.47 percentage points from the prior quarter.
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Analysis
Natural Gas Services (NGS) Gross Margin (2024 - 2026) Analysis & Trends
On a trailing twelve-month basis, Natural Gas Services' Gross Margin was 59.72% through Jun 30, 2026, up 2.23 percentage points year-over-year; for FY2025, it was 58.34%, up 2.21 percentage points from FY2024.
- Gross Margin has now increased for three consecutive years, with a three-year change of +13.00 percentage points (FY2022 to FY2025).
- In earlier years, Gross Margin was 56.13% in FY2024 (+7.68 pp), 48.46% in FY2023 (+3.11 pp) and 45.35% in FY2022.
- Quarterly Gross Margin has moved between 54.56% (Q2 2024) and 62.41% (Q1 2026) over five years.
- Compared with a year earlier, Gross Margin has increased for six straight quarters, with an average year-over-year change of +2.36 percentage points over the last six quarters.
- Per Business Quant data, NGS's Gross Margin in the three quarters before Q2 2026 was 62.41% (Q1 2026), 56.84% (Q4 2025) and 59.51% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Slb | 72.31 Bn | 69.42 Bn | 1.40 Bn | 15.55% |
| 2 | Baker Hughes | 54.50 Bn | 17.77 Bn | 1.58 Bn | 23.46% |
| 3 | TechnipFMC | 26.69 Bn | 22.84 Bn | 684.70 Mn | 24.78% |
| 4 | Halliburton | 26.49 Bn | 18.25 Bn | 804.00 Mn | 14.07% |
| 5 | Nov | 6.70 Bn | 1.49 Bn | 521.00 Mn | 24.41% |
| 6 | Noble | 6.66 Bn | 4.59 Bn | 239.27 Mn | 33.25% |
| 7 | Transocean | 5.85 Bn | 3.56 Bn | 358.00 Mn | 37.06% |
| 8 | Weatherford International | 5.65 Bn | 1.58 Bn | 333.00 Mn | 30.14% |
| 9 | Valaris | 5.44 Bn | 3.06 Bn | 123.70 Mn | 22.94% |
| 10 | Natural Gas Services | 417.52 Mn | 417.52 Mn | 30.81 Mn | 59.94% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 59.94% |
| Mar 31, 2026 | 62.41% |
| Dec 31, 2025 | 56.84% |
| Sep 30, 2025 | 59.51% |
| Jun 30, 2025 | 58.54% |
| Mar 31, 2025 | 58.61% |
| Dec 31, 2024 | 56.52% |
| Sep 30, 2024 | 56.27% |
| Jun 30, 2024 | 54.56% |
| Mar 31, 2024 | 57.21% |
API Access
Natural Gas Services Gross Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=gross-margin&ticker=NGS&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "gross-margin", "ticker": "NGS", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=gross-margin&ticker=NGS&period=max&api_key=YOUR_API_KEY");
const data = await res.json();