Filing Flows › Natural Gas Services Group (NGS) › Q1 2026 › vs Q1 2025
Natural Gas Services Group (NGS) Q1 2026 vs Q1 2025 (year over year)
Natural Gas Services Group's revenue rose $7.1M (+17%) from $41.4M in Q1 2025 to $48.5M in Q1 2026. Operating margin 27.0% against 23.0% (+4.0 pts).
Natural Gas Services Group, Q1 2026: revenue $48.5M (+17% year over year), operating margin 27.0%, net earnings $6.8M, operating cash flow $23.0M. The chart draws each line against Q1 2025, the increases inside each band.
Margins
| Q1 2026 | Q1 2025 | Change | |
|---|---|---|---|
| Operating margin | 27.0% | 23.0% | +4.0 pts |
| Net margin | 14.0% | 11.7% | +2.2 pts |
| Free cash flow margin | 16.1% | 4.9% | +11.2 pts |
Every line
| Line | Q1 2026 | Q1 2025 | Change | % |
|---|---|---|---|---|
| Revenue | $48.5M | $41.4M | $7.1M | +17% |
| Operating profit | $13.1M | $9.5M | $3.6M | +38% |
| Costs & expenses | $35.4M | $31.9M | $3.5M | +11% |
| Pre-tax earnings | $8.9M | $6.3M | $2.6M | +41% |
| Other expense, net | $4.2M | $3.2M | $983K | +31% |
| Cost of revenue | $18.2M | $17.1M | $1.1M | +6% |
| SG&A | $6.5M | $5.4M | $1.1M | +21% |
| Other operating costs | $10.7M | $9.4M | $1.3M | +14% |
| Net earnings | $6.8M | $4.9M | $1.9M | +39% |
| Income tax | $2.2M | $1.5M | $674K | +45% |
| Depreciation & amortization | $10.3M | $8.6M | $1.7M | +20% |
| Share-based compensation | $579K | $359K | $220K | +61% |
| Working capital & other | $5.4M | $7.4M | −$2.0M | -28% |
| Operating cash flow | $23.0M | $21.3M | $1.8M | +8% |
| Free cash flow (OCF − capex) | $7.8M | $2.0M | $5.8M | +287% |
| Capital expenditures | $15.2M | $19.3M | −$4.0M | -21% |
Questions
How much did Natural Gas Services Group's revenue grow year over year in Q1 2026?
Natural Gas Services Group's revenue rose $7.1M (+17%) from $41.4M in Q1 2025 to $48.5M in Q1 2026. Operating margin 27.0% against 23.0% (+4.0 pts).