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
DateValue
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%