Natural Gas Services (NGS) Operating Margin (2010 - 2026)
Natural Gas Services' (NGS) quarterly Operating Margin came in at 26.97% in Q1 2026, up 400.0% year-on-year from 5.39% in Q1 2025, and up 75.02% quarter-over-quarter from 15.41% in Q4 2025.
Natural Gas Services (NGS) Operating Margin (2010 - 2026) Analysis & Trends
Natural Gas Services has disclosed Operating Margin across 17 years of filings, most recently posting 26.97% for Q1 2026.
- Operating Margin for Q1 2026 came in at 26.97%, up 400.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 22.78% (up 199.0% YoY), and the FY2025 annual result was 21.65%, up 38.0% from the prior year.
- Operating Margin came in at 26.97% for Q1 2026 at Natural Gas Services, up from 15.41% in the prior quarter.
- In the past five years, Operating Margin ranged from a high of 26.97% in Q1 2026 to a low of 1.33% in Q3 2022.
- The 5-year median for Operating Margin is 15.63% (2023), against an average of 15.66%.
- Across the five-year window, Operating Margin jumped 11065 bps in 2022 and tumbled 287 bps in 2024, its largest moves.
- Natural Gas Services' Operating Margin stood at 0.41% in 2022, then jumped by 3073 bps to 12.26% in 2023, then grew by 21 bps to 14.86% in 2024, then increased by 4 bps to 15.41% in 2025, then surged by 75 bps to 26.97% in 2026.
- The last three Operating Margin figures came in at 26.97% (Q1 2026), 15.41% (Q4 2025), and 24.78% (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Slb | 82.25 Bn | 80.04 Bn | 4.67 Bn | 50.58% |
| 2 | Baker Hughes | 61.96 Bn | 47.38 Bn | 1.51 Bn | 11.87% |
| 3 | Halliburton | 32.79 Bn | 30.84 Bn | 2.04 Bn | 12.57% |
| 4 | TechnipFMC | 26.73 Bn | 25.47 Bn | 1.49 Bn | 14.51% |
| 5 | Enerflex | 8.62 Bn | 8.57 Bn | - | 15.64% |
| 6 | Nov | 7.27 Bn | 5.98 Bn | 119.00 Mn | 2.29% |
| 7 | Weatherford International | 6.99 Bn | 5.94 Bn | 876.00 Mn | 10.68% |
| 8 | Archrock | 5.95 Bn | 5.95 Bn | 247.42 Mn | 53.94% |
| 9 | Kodiak Gas Services | 5.60 Bn | 5.50 Bn | 222.88 Mn | 30.89% |
| 10 | Natural Gas Services | 501.72 Mn | 499.41 Mn | 30.25 Mn | 26.97% |
Historic Data
Download Data| Date | Value |
|---|---|
| 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 | 24.96% |
| Mar 31, 2023 | 10.32% |
| Dec 31, 2022 | -0.41% |
| 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% |
| Jun 30, 2021 | -107.35% |