Natural Gas Services (NGS) Return on Capital Employed [ROCE] (2009 - 2026)
Natural Gas Services' Return on Capital Employed [ROCE] came in at 6.29% for Q3 2026, down 0.73 percentage points from 7.02% a year earlier and down 0.29 percentage points from the prior quarter.
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Analysis
Natural Gas Services (NGS) Return on Capital Employed [ROCE] (2009 - 2026) Analysis & Trends
For FY2025, Natural Gas Services' Return on Capital Employed [ROCE] was 7.24%, up 0.12 percentage points from FY2024.
- Return on Capital Employed [ROCE] has increased in each of the last four years, with a five-year change of +8.50 percentage points (FY2020 to FY2025).
- Going back by year, Return on Capital Employed [ROCE] was 7.12% in FY2024 (+4.30 pp), 2.82% in FY2023 (+2.67 pp), 0.15% in FY2022 (+4.55 pp) and -4.39% in FY2021 (-3.14 pp).
- The Q3 2026 figure represents the lowest quarterly Return on Capital Employed [ROCE] since Q2 2024.
- Year-over-year, Return on Capital Employed [ROCE] increased in five of the last eight quarters, with an average year-over-year change of +0.93 percentage points.
- The fastest year-over-year change in Return on Capital Employed [ROCE] over five years came in Q2 2024 (a gain of 5.79 percentage points), and the weakest in Q4 2021 (a drop of 3.19 percentage points).
- Business Quant data shows NGS's Return on Capital Employed [ROCE] at 6.58% (Q2 2026), 7.24% (Q1 2026) and 6.78% (Q4 2025) in the three quarters before Q3 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROCE (Qtr) |
|---|---|---|---|---|---|
| 1 | Slb | 76.30 Bn | 73.91 Bn | 1.57 Bn | 11.29% |
| 2 | Baker Hughes | 49.10 Bn | 11.25 Bn | 1.96 Bn | 14.16% |
| 3 | Halliburton | 27.94 Bn | 19.88 Bn | 840.00 Mn | 14.18% |
| 4 | TechnipFMC | 25.83 Bn | 21.81 Bn | 728.70 Mn | 33.29% |
| 5 | Noble | 6.97 Bn | 5.04 Bn | 228.22 Mn | 5.53% |
| 6 | Nov | 6.45 Bn | 1.39 Bn | 439.00 Mn | 5.33% |
| 7 | Weatherford International | 6.27 Bn | 2.04 Bn | 374.00 Mn | 16.42% |
| 8 | Transocean | 6.19 Bn | 4.23 Bn | 348.00 Mn | 5.95% |
| 9 | Valaris | 5.84 Bn | 3.59 Bn | 176.30 Mn | 4.08% |
| 10 | Natural Gas Services | 383.29 Mn | 380.19 Mn | 36.85 Mn | 6.29% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 6.29% |
| Jun 30, 2026 | 6.58% |
| Mar 31, 2026 | 7.24% |
| Dec 31, 2025 | 6.78% |
| Sep 30, 2025 | 7.02% |
| Jun 30, 2025 | 7.15% |
| Mar 31, 2025 | 7.06% |
| Dec 31, 2024 | 6.97% |
| Sep 30, 2024 | 6.89% |
| Jun 30, 2024 | 5.94% |
| Mar 31, 2024 | 4.23% |
| Dec 31, 2023 | 2.42% |
| Sep 30, 2023 | 1.46% |
| Jun 30, 2023 | 0.14% |
| Mar 31, 2023 | 0.15% |
| Dec 31, 2022 | 0.15% |
| Sep 30, 2022 | -2.74% |
| Jun 30, 2022 | -3.19% |
| Mar 31, 2022 | -4.20% |
| Dec 31, 2021 | -4.41% |
API Access
Natural Gas Services Return on Capital Employed [ROCE] 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=return-on-capital-employed-%5Broce%5D&ticker=NGS&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "return-on-capital-employed-[roce]", "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=return-on-capital-employed-%5Broce%5D&ticker=NGS&period=max&api_key=YOUR_API_KEY");
const data = await res.json();