Natural Gas Services Group, Inc NGS

Competitive advantage analysis · energy

Corporate Default
Overall moat score
61/100
Moderate

About Natural Gas Services Group, Inc

Natural Gas Services Group, Inc. provides natural gas compression equipment, technology, and services to the energy industry in the United States. The company rents, operates, and maintains natural gas compressors for oil and gas production and processing facilities. It also designs and assembles compressor units for rental; and designs, assembles, and sells compressor components, proprietary compressor frames, and cylinders and … Full NGS analysis →

Competitive advantage assessment

Key strengths

  • Scale Supporting Profitability Profitability at scale is strong (score 0.86), demonstrating competitive advantages.
  • Margins Consistently Above Peers Gross margin at 37.1% (top 15%) and operating margin at 21.6% (top 13%) indicate strong pricing power.

Key risks

  • Elevated Debt Risk Debt serviceability is weak (score 0.32), raising refinancing risk.
  • Volatile Margins Suggest Cyclicality Margin volatility is high (stability score 0.17), suggesting cyclical exposure or competitive pressure.

The dashed ring is the peer median. Defense scores are percentile ranks against peers, so 50 is roughly the typical company in this group.

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Pricing Power

Moderate
59

Where NGS ranks in Oil & Gas Equipment & Services

Natural Gas Services Group, Inc ranks #19 of 50 scored companies in Oil & Gas Equipment & Services by moat score — the top 38%. The widest moat in the group is Cactus, Inc. Class A Common Sto (WHD) at 78/100.

Moat scores for companies ranked near NGS in Oil & Gas Equipment & Services
# Company Moat score Rating
15 Valaris Limited VAL 64/100 Moderate
16 NPK International Inc. NPKI 62/100 Moderate
17 Core Laboratories Inc. CLB 62/100 Moderate
18 NCS Multistage Holdings, Inc. NCSM 62/100 Moderate
19 Natural Gas Services Group, Inc NGS 61/100 Moderate
20 Solaris Energy Infrastructure, SEI 61/100 Moderate
21 Bristow Group, Inc. VTOL 60/100 Moderate
22 Halliburton Company HAL 60/100 Moderate
23 Enerflex Ltd EFXT 55/100 Moderate

See every Commodities & Mining company ranked by moat score →

How NGS scores on the Corporate Default defenses

Pricing Power

Score 59 · 20% of the moat score

Pricing power is the ability to raise prices without losing volume.

Cost Advantage

Score 63 · 15% of the moat score

A cost advantage means delivering the same product for structurally less — better purchasing, denser distribution, a more automated process.

Customer Stickiness

Score 57 · 15% of the moat score

Stickiness is what makes revenue repeat without being re-won every year.

Capital Efficiency

Score 55 · 18% of the moat score

Capital efficiency asks what the company earns on the money tied up in the business.

Resilience

Score 47 · 17% of the moat score

Resilience is the capacity to get through a bad year on its own terms — enough liquidity, enough interest cover, and enough cash generation to avoid a rescue financing or a forced sale.

Scale & Market Position

Score 87 · 15% of the moat score

Scale matters only when it converts into economics.

How each Corporate Default defense is measured, in full →

Understanding NGS's moat

What is Natural Gas Services Group, Inc's moat score?

Natural Gas Services Group, Inc (NGS) scores 61 out of 100 on the StatsAlpha Moat Map, which rates its competitive advantage as moderate. It ranks #19 of 50 scored companies in Oil & Gas Equipment & Services, the top 38%. The score is a weighted composite of 6 competitive defenses, each measured against industry peers of 49 companies in Oil & Gas Equipment & Services. Its strongest defense is Scale & Market Position (87/100) and its weakest is Resilience (47/100).

How does Natural Gas Services Group, Inc compare with other Oil & Gas Equipment & Services companies?

Natural Gas Services Group, Inc ranks #19 of 50 scored companies in Oil & Gas Equipment & Services by moat score. The widest moat in Oil & Gas Equipment & Services is Cactus, Inc. Class A Common Sto (WHD) at 78/100. The companies ranked closest are NCS Multistage Holdings, Inc. (NCSM) at 62 just above it and Solaris Energy Infrastructure, (SEI) at 61 just below it.

How is the moat score calculated?

Each company is scored with an industry-specific template — Corporate Default in this case, chosen because the defenses that matter to a bank are not the ones that matter to a software company. Every defense combines several financial signals, and each signal is measured as a percentile against a peer group of 49 companies in Oil & Gas Equipment & Services. The defenses are then weighted to produce the overall score out of 100.

Why is Natural Gas Services Group, Inc scored with the Corporate Default template?

Most public companies sell a product or a service at a margin, so the moat question is whether that margin survives contact with competitors. The Corporate template scores the six defenses that show up in a general operating company's financial signature: whether it can hold price, produce more cheaply than rivals, keep its customers, earn a return above its cost of capital, withstand a downturn, and turn size into economics.

Which competitive defenses are measured for Natural Gas Services Group, Inc?

The Corporate Default template measures 6 defenses, and NGS scores: Pricing Power (59), Cost Advantage (63), Customer Stickiness (57), Capital Efficiency (55), Resilience (47), Scale & Market Position (87). Each is scored independently as a percentile against peers, so a company can be strong on one and weak on another — the overall score reflects how those defenses are weighted for this industry.

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