Filing Flows › Natural Gas Services Group (NGS) › Q2 2026 › vs Q2 2025
Natural Gas Services Group (NGS) Q2 2026 vs Q2 2025 (year over year)
Natural Gas Services Group's revenue rose $10.0M (+24%) from $41.4M in Q2 2025 to $51.4M in Q2 2026. Operating margin 19.3% against 24.0% (-4.7 pts).
Natural Gas Services Group, Q2 2026: revenue $51.4M (+24% year over year), operating margin 19.3%, net earnings $3.8M, operating cash flow $25.4M. The chart draws each line against Q2 2025, the increases inside each band.
Margins
| Q2 2026 | Q2 2025 | Change | |
|---|---|---|---|
| Operating margin | 19.3% | 24.0% | -4.7 pts |
| Net margin | 7.5% | 12.5% | -5.1 pts |
| Free cash flow margin | 12.9% | -35.8% | +48.7 pts |
Every line
| Line | Q2 2026 | Q2 2025 | Change | % |
|---|---|---|---|---|
| Revenue | $51.4M | $41.4M | $10.0M | +24% |
| Operating profit | $9.9M | $9.9M | −$2K | 0% |
| Costs & expenses | $41.5M | $31.5M | $10.0M | +32% |
| Pre-tax earnings | $5.5M | $6.8M | −$1.2M | -18% |
| Other expense, net | $4.4M | $3.1M | $1.2M | +39% |
| Cost of revenue | $20.6M | $17.2M | $3.4M | +20% |
| SG&A | $9.9M | $5.5M | $4.5M | +82% |
| Other operating costs | $11.0M | $8.8M | $2.1M | +24% |
| Net earnings | $3.8M | $5.2M | −$1.4M | -26% |
| Income tax | $1.7M | $1.6M | $118K | +7% |
| Depreciation & amortization | $11.0M | $9.0M | $2.0M | +22% |
| Share-based compensation | $851K | $579K | $272K | +47% |
| Working capital & other | $9.8M | −$3.7M | $13.5M | — |
| Operating cash flow | $25.4M | $11.0M | $14.4M | +131% |
| Free cash flow (OCF − capex) | $6.6M | −$14.8M | $21.5M | — |
| Capital expenditures | $18.8M | $25.8M | −$7.0M | -27% |
Questions
How much did Natural Gas Services Group's revenue grow year over year in Q2 2026?
Natural Gas Services Group's revenue rose $10.0M (+24%) from $41.4M in Q2 2025 to $51.4M in Q2 2026. Operating margin 19.3% against 24.0% (-4.7 pts).