Estados financieros detallados de Natural Gas Services Group, Inc. (NGS): cuenta de resultados, balance general y flujo de caja. Sigue la evolución de márgenes, deuda, liquidez y rentabilidad año a año con hasta 20 años de histórico.
Resumen del Análisis
Natural Gas Services Group, Inc. registró ingresos de $172.3M en el último ejercicio fiscal, con un CAGR de 5 años del 20.4%. El beneficio neto alcanzó $19.9M, con un CAGR a 5 años del 61.6%.
Márgenes de los últimos 12 meses: margen bruto 44.2%, margen operativo 23.1%, margen neto 10.8%.
Al precio actual de $36.15, NGS cotiza a un P/E de 22.83 y un ROE del 7.31%. La capitalización bursátil es de $457M.
Cuenta de Resultados (10 años)
| Año | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Ingresos | $71.7M | $67.7M | $65.5M | $78.4M | $68.1M | $72.4M | $84.8M | $121.2M | $156.7M | $172.3M |
| Coste de Ventas | $53.7M | $56.0M | $55.7M | $67.6M | $60.6M | $70.8M | $70.5M | $89.0M | $100.1M | $108.4M |
| Beneficio Bruto | $18.0M | $11.6M | $9.7M | $10.9M | $7.4M | $1.7M | $14.4M | $32.2M | $56.6M | $63.9M |
| I+D | $125000 | $125000 | $125000 | $125000 | 0 | 0 | 0 | $100000 | 0 | 0 |
| Generales y Administrativos | $9.0M | $10.1M | $9.1M | $10.7M | $10.6M | $10.8M | $13.9M | $16.9M | $21.0M | $22.3M |
| Gastos Operativos | $9.6M | $10.1M | $9.1M | $16.0M | $11.0M | $14.1M | $13.9M | $21.7M | $23.3M | $23.4M |
| Beneficio Operativo | $8.4M | $1.6M | $638000 | -$4.5M | -$3.6M | -$12.4M | $431000 | $10.5M | $33.3M | $40.4M |
| EBITDA | $30.3M | $22.9M | $21.8M | $8.7M | $22.2M | $13.7M | $24.4M | $37.3M | $64.9M | $76.8M |
| Gastos por Intereses | $8000 | $14000 | $69000 | $15000 | $14000 | $65000 | $364000 | $4.1M | $11.9M | $13.6M |
| Beneficio Antes de Impuestos | $8.5M | $1.6M | $751000 | -$14.6M | -$3.0M | -$11.8M | -$41000 | $6.6M | $21.7M | $26.5M |
| Impuestos | $2.0M | -$18.2M | $325000 | -$693000 | -$4.8M | -$2.6M | $528000 | $1.9M | $4.4M | $6.6M |
| Beneficio Neto | $6.5M | $19.9M | $426000 | -$13.9M | $1.8M | -$9.2M | -$569000 | $4.7M | $17.2M | $19.9M |
| BPA | $0.51 | $1.54 | $0.03 | $-1.06 | $0.14 | $-0.70 | $-0.05 | $0.39 | $1.39 | $1.59 |
| BPA Diluido | $0.50 | $1.51 | $0.03 | $-1.06 | $0.14 | $-0.70 | $-0.05 | $0.38 | $1.37 | $1.57 |
| Acciones en Circulación (Diluidas) | $12.9M | $13.1M | $13.0M | $13.1M | $13.3M | $13.1M | $12.3M | $12.4M | $12.6M | $12.7M |
Cuenta de Resultados (Trimestral)
| Año | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Ingresos | $43.4M | $46.1M | $48.5M | $51.4M |
| Beneficio Bruto | $16.6M | $16.4M | $19.9M | $30.8M |
| Beneficio Operativo | $10.7M | $9.7M | $13.4M | $9.9M |
| EBITDA | $19.9M | $19.4M | $23.3M | $41.6M |
| Beneficio Neto | $5.8M | $4.1M | $6.8M | $3.8M |
| BPA | $0.46 | $0.33 | $0.54 | $0.30 |
| BPA Diluido | $0.46 | $0.32 | $0.53 | $0.30 |
Balance (10 años)
| Año | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Caja y Equivalentes | $64.1M | $69.2M | $52.6M | $11.6M | $28.9M | $22.9M | $3.4M | $2.7M | $2.1M | 0 |
| Inversiones a Corto | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cuentas por Cobrar | $7.4M | $8.5M | $7.2M | $9.1M | $11.9M | $21.9M | $26.2M | $50.7M | $26.9M | $32.6M |
| Inventario | $25.8M | $26.2M | $31.0M | $21.1M | $19.9M | $19.3M | $23.4M | $21.6M | $18.1M | $20.6M |
| Activos Corrientes | $99.8M | $108.2M | $96.4M | $42.4M | $72.7M | $65.1M | $54.1M | $76.3M | $48.2M | $57.1M |
| Inmovilizado Material | $181.8M | $174.8M | $192.5M | $240.2M | $229.8M | $228.1M | $269.0M | $394.2M | $438.0M | $519.0M |
| Fondo de Comercio | $10.0M | $10.0M | $10.0M | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Activos Intangibles | $1.7M | $1.5M | $1.4M | $1.3M | $1.2M | $1.0M | $900000 | $775000 | 0 | 0 |
| Activos Totales | $293.5M | $298.3M | $305.4M | $286.6M | $306.8M | $306.5M | $328.2M | $478.7M | $492.5M | $586.8M |
| Cuentas por Pagar | $971000 | $4.2M | $2.1M | $2.0M | $2.4M | $4.8M | $6.5M | $17.6M | $9.7M | $14.0M |
| Deuda a Corto | $417000 | 0 | 0 | $417000 | $417000 | $68000 | 0 | 0 | 0 | 0 |
| Pasivos Corrientes | $6.5M | $7.5M | $10.9M | $5.5M | $10.9M | $20.3M | $30.4M | $32.7M | $17.4M | $24.5M |
| Deuda a Largo | 0 | $417000 | $417000 | 0 | 0 | 0 | $25.0M | $164.0M | $170.0M | $230.0M |
| Pasivos Totales | $60.6M | $41.0M | $45.2M | $38.9M | $55.3M | $70.6M | $98.2M | $242.8M | $237.5M | $312.1M |
| Reservas | $132.0M | $151.9M | $152.3M | $137.5M | $139.3M | $130.1M | $129.5M | $134.3M | $151.5M | $168.8M |
| Patrimonio Neto | $233.0M | $257.3M | $260.2M | $247.7M | $251.5M | $235.9M | $230.1M | $235.9M | $255.1M | $274.7M |
| Deuda Total | $417000 | $417000 | $417000 | $1.0M | $900000 | $285000 | $25.3M | $165.3M | $170.2M | $230.5M |
| Deuda Neta | -$63.7M | -$68.8M | -$52.2M | -$10.6M | -$28.0M | -$22.7M | $22.0M | $162.5M | $168.0M | $230.5M |
| Capital Circulante | $93.3M | $100.8M | $85.5M | $36.9M | $61.9M | $44.8M | $23.7M | $43.6M | $30.8M | $32.6M |
Balance (Trimestral)
| Año | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Caja y Equivalentes | 0 | 0 | $2.3M | $84000 |
| Activos Totales | $562.3M | $586.8M | $588.9M | $718.3M |
| Pasivos Totales | $290.9M | $312.1M | $308.4M | $423.9M |
| Patrimonio Neto | $271.4M | $274.7M | $280.5M | $294.5M |
| Deuda Total | $208.0M | $230.5M | $226.5M | $328.0M |
Flujo de Caja (10 años)
| Año | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Beneficio Neto | $6.5M | $19.9M | $426000 | -$13.9M | $1.8M | -$9.2M | -$569000 | $4.7M | $17.2M | $19.9M |
| Amortizaciones | $21.8M | $21.3M | $22.0M | $23.3M | $25.2M | $25.4M | $24.1M | $27.0M | $31.3M | $36.7M |
| Compensación en Acciones | $2.3M | $4.0M | $2.4M | $2.6M | $2.2M | 0 | $1.9M | $2.1M | $1.8M | $2.1M |
| Cambio en Capital Circulante | $3.8M | -$6.4M | -$1.3M | $2.4M | -$1.5M | $10.3M | $1.3M | -$25.5M | $8.5M | -$7.9M |
| Flujo de Caja Operativo | $32.8M | $17.5M | $23.4M | $29.4M | $32.6M | $28.3M | $27.8M | $18.0M | $66.5M | $62.9M |
| Inversiones (CapEx) | -$4.3M | -$13.5M | -$39.8M | -$69.9M | -$15.3M | -$25.7M | -$65.1M | -$153.9M | -$71.9M | -$121.5M |
| Adquisiciones | $101000 | $87000 | $69000 | $30000 | 0 | $195000 | 0 | 0 | 0 | 0 |
| Recompra de Acciones | -$909000 | -$644000 | -$629000 | -$490000 | -$152000 | -$7.9M | -$6.7M | -$983000 | 0 | 0 |
| Dividendos Pagados | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -$2.6M |
| Flujo de Caja Libre | $28.5M | $4.0M | -$16.4M | -$40.5M | $17.4M | $2.6M | -$37.4M | -$135.9M | -$5.4M | -$58.6M |
Flujo de Caja (Trimestral)
| Año | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Flujo de Caja Operativo | $16.8M | $13.9M | $23.0M | $25.4M |
| Inversiones (CapEx) | -$41.9M | -$34.6M | -$15.2M | -$18.8M |
| Flujo de Caja Libre | -$25.1M | -$20.7M | $7.8M | $6.6M |
| Dividendos Pagados | 0 | -$1.4M | -$1.4M | -$1.9M |
| Compensación en Acciones | $612000 | $576000 | $579000 | $851000 |
Crecimiento y Márgenes (10 años)
| Año | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Crecimiento Ingresos (anual) | | -5.5% | -3.3% | +19.8% | -13.2% | +6.4% | +17.1% | +42.8% | +29.4% | +9.9% |
| Crecimiento Beneficio Neto (anual) | | +206.9% | -97.9% | -3354.5% | +113.0% | -607.9% | +93.8% | +934.3% | +262.9% | +15.7% |
| Crecimiento BPA (anual) | | +202.0% | -97.9% | -3321.9% | +113.2% | -600.0% | +93.4% | +944.2% | +256.4% | +14.4% |
| Cambio en Acciones (anual) | | +1.4% | -1.1% | +1.1% | +1.1% | -1.2% | -6.1% | +0.6% | +1.4% | +1.1% |
| Crecimiento FCF (anual) | | -86.1% | -513.2% | -147.5% | +142.9% | -85.2% | -1548.0% | -263.8% | +96.0% | -978.3% |
| Margen Bruto | 25.1% | 17.2% | 14.9% | 13.9% | 10.9% | 2.3% | 16.9% | 26.5% | 36.1% | 37.1% |
| Margen Operativo | 11.8% | 2.3% | 1.0% | -5.7% | -5.3% | -17.1% | 0.5% | 8.6% | 21.3% | 23.5% |
| Margen EBITDA | 42.2% | 33.9% | 33.2% | 11.1% | 32.7% | 18.9% | 28.8% | 30.7% | 41.4% | 44.5% |
| Margen Neto | 9.0% | 29.3% | 0.7% | -17.7% | 2.7% | -12.7% | -0.7% | 3.9% | 11.0% | 11.6% |
| Margen FCF | 39.7% | 5.9% | -25.0% | -51.7% | 25.6% | 3.6% | -44.0% | -112.2% | -3.5% | -34.0% |
| Tasa Impositiva Efectiva | 23.6% | -1138.4% | 43.3% | 4.8% | 160.6% | 22.1% | -1287.8% | 28.3% | 20.5% | 24.9% |
Datos por Acción (10 años)
| Año | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| FCF por Acción | $2.20 | $0.30 | $-1.26 | $-3.09 | $1.31 | $0.20 | $-3.04 | $-10.98 | $-0.43 | $-4.61 |
| Dividendo por Acción | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.21 |
| Acciones en Circulación (Básicas) | $12.7M | $12.8M | $13.0M | $13.1M | $13.2M | $13.1M | $12.3M | $12.3M | $12.4M | $12.5M |
Qué mirar en empresas de Energy
- FCF yield (>8%) — Caja generada / capitalización. En energía el FCF importa más que el EPS.
- ROIC medio 5a (≥10%) — Incluir años buenos y malos para filtrar las realmente disciplinadas.
- FCF positivo en 8 de los últimos 10 años (≥8/10) — Nombres disciplinados (XOM, CVX, EOG) sobreviven los crashes de 2014-16 y 2020.
- Cobertura del dividendo (FCF / div) (≥1,2x) — Dividendo cubierto por FCF, no por deuda. <1x = recorte probable.
- Deuda Neta / EBITDA (<2x en pico) — Mirarlo con EBITDA en valle, no en pico.
- Capex / Ingresos (10-20% saludable) — Energía necesita reinversión agresiva para mantener reservas.
Rentabilidad
| Rentabilidad sobre capital | 7.31% |
| Rentabilidad sobre capital invertido | 4.67% |
| Rentabilidad sobre activos | 2.85% |
| Margen bruto | 44.21% |
| Margen operativo | 23.08% |
| Margen neto | 10.81% |
Salud financiera
| Deuda / Patrimonio | 1.11 |
| Ratio corriente | 2.12 |
Ratios Clave (10 años)
| Año | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| P/E | 63.04 | 17.01 | 499.70 | -11.57 | 67.71 | -14.96 | -248.05 | 41.23 | 19.28 | 21.16 |
| P/VC | 1.75 | 1.31 | 0.82 | 0.65 | 0.50 | 0.58 | 0.61 | 0.84 | 1.30 | 1.54 |
| P/V | 5.70 | 4.97 | 3.26 | 2.05 | 1.84 | 1.89 | 1.66 | 1.63 | 2.12 | 2.45 |
| Margen Bruto | 25.1% | 17.2% | 14.9% | 13.9% | 10.9% | 2.3% | 16.9% | 26.5% | 36.1% | 37.1% |
| Margen Operativo | 11.8% | 2.3% | 1.0% | -5.7% | -5.3% | -17.1% | 0.5% | 8.6% | 21.3% | 23.5% |
| Margen Neto | 9.0% | 29.3% | 0.7% | -17.7% | 2.7% | -12.7% | -0.7% | 3.9% | 11.0% | 11.6% |