Natural Gas Services (NGS) Operating Margin (2010 - 2026)
Natural Gas Services' Operating Margin was 19.30% in Q2 2026, down 4.68 percentage points from 23.98% a year earlier and down 7.67 percentage points from the prior quarter.
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Analysis
Natural Gas Services (NGS) Operating Margin (2010 - 2026) Analysis & Trends
On a trailing twelve-month basis, Natural Gas Services' Operating Margin was 21.57% through Jun 30, 2026, up 0.29 percentage points year-over-year; for FY2025, it came in at 21.65%, up 0.38 percentage points from FY2024.
- Operating Margin has now increased for four consecutive years, with a five-year change of +26.93 percentage points (FY2020 to FY2025).
- In earlier years, Operating Margin was 21.26% in FY2024 (+12.63 pp), 8.63% in FY2023 (+8.12 pp), 0.51% in FY2022 (+17.64 pp) and -17.13% in FY2021 (-11.85 pp).
- Quarterly Operating Margin has moved between -45.39% (Q4 2021) and 26.97% (Q1 2026) over five years.
- Compared with a year earlier, Operating Margin was higher in six of the last eight quarters, with an average year-over-year change of +1.40 percentage points.
- The best year-over-year quarter for Operating Margin over five years was Q4 2022 (a gain of 43.99 percentage points); the worst was Q4 2021 (a drop of 32.23 percentage points).
- Per Business Quant data, NGS's Operating Margin in the three quarters before Q2 2026 was 26.97% (Q1 2026), 15.41% (Q4 2025) and 24.78% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Slb | 72.31 Bn | 69.42 Bn | 1.40 Bn | 11.94% |
| 2 | Baker Hughes | 54.50 Bn | 17.77 Bn | 1.58 Bn | 12.74% |
| 3 | TechnipFMC | 26.69 Bn | 22.84 Bn | 684.70 Mn | -57.68% |
| 4 | Halliburton | 26.49 Bn | 18.25 Bn | 804.00 Mn | 13.62% |
| 5 | Nov | 6.70 Bn | 1.49 Bn | 521.00 Mn | 9.04% |
| 6 | Noble | 6.66 Bn | 4.59 Bn | 239.27 Mn | 4.23% |
| 7 | Transocean | 5.85 Bn | 3.56 Bn | 358.00 Mn | 15.73% |
| 8 | Weatherford International | 5.65 Bn | 1.58 Bn | 333.00 Mn | 9.68% |
| 9 | Valaris | 5.44 Bn | 3.06 Bn | 123.70 Mn | 9.48% |
| 10 | Natural Gas Services | 417.52 Mn | 417.52 Mn | 30.81 Mn | 19.30% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 19.30% |
| Mar 31, 2026 | 26.97% |
| Dec 31, 2025 | 15.41% |
| Sep 30, 2025 | 24.78% |
| Jun 30, 2025 | 23.98% |
| Mar 31, 2025 | 22.97% |
| Dec 31, 2024 | 14.86% |
| Sep 30, 2024 | 23.24% |
| Jun 30, 2024 | 22.10% |
| Mar 31, 2024 | 25.25% |
| Dec 31, 2023 | 12.26% |
| Sep 30, 2023 | 15.63% |
| Jun 30, 2023 | 2.64% |
| Mar 31, 2023 | 1.51% |
| Dec 31, 2022 | -1.40% |
| Sep 30, 2022 | -1.33% |
| Jun 30, 2022 | 3.30% |
| Mar 31, 2022 | 1.88% |
| Dec 31, 2021 | -45.39% |
| Sep 30, 2021 | -8.57% |
API Access
Natural Gas Services Operating 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=operating-margin&ticker=NGS&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-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=operating-margin&ticker=NGS&period=max&api_key=YOUR_API_KEY");
const data = await res.json();