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Side-by-side financial comparison of Cambium Networks Corp (CMBM) and NATURAL GAS SERVICES GROUP INC (NGS). Click either name above to swap in a different company.

NATURAL GAS SERVICES GROUP INC is the larger business by last-quarter revenue ($46.1M vs $40.3M, roughly 1.1× Cambium Networks Corp). NATURAL GAS SERVICES GROUP INC runs the higher net margin — 8.9% vs -17.9%, a 26.8% gap on every dollar of revenue. On growth, NATURAL GAS SERVICES GROUP INC posted the faster year-over-year revenue change (13.5% vs -23.2%). Cambium Networks Corp produced more free cash flow last quarter ($-10.8M vs $-20.7M).

Cambium Networks Corporation is an American manufacturer of wireless telecommunications equipment, including Enterprise WiFi, Network switch, Internet of Things, and fixed wireless broadband and Wi-Fi for enterprises products for Internet access. Publicly traded on the NASDAQ stock exchange, it spun out of Motorola in October 2011.

Southern Company Gas, formerly AGL Resources, is an American Fortune 500 energy services holding company headquartered in Atlanta, Georgia. The company's operations consist of natural gas distribution, wholesale services, retail operations, and midstream operations. Southern Company Gas is one of the largest natural gas distribution companies in the United States. The company serves approximately 4.5 million utility customers through its regulated distribution subsidiaries across four states....

CMBM vs NGS — Head-to-Head

Bigger by revenue
NGS
NGS
1.1× larger
NGS
$46.1M
$40.3M
CMBM
Growing faster (revenue YoY)
NGS
NGS
+36.7% gap
NGS
13.5%
-23.2%
CMBM
Higher net margin
NGS
NGS
26.8% more per $
NGS
8.9%
-17.9%
CMBM
More free cash flow
CMBM
CMBM
$9.9M more FCF
CMBM
$-10.8M
$-20.7M
NGS

Income Statement — Q4 FY2024 vs Q4 FY2025

Metric
CMBM
CMBM
NGS
NGS
Revenue
$40.3M
$46.1M
Net Profit
$-7.2M
$4.1M
Gross Margin
36.6%
Operating Margin
-28.4%
15.4%
Net Margin
-17.9%
8.9%
Revenue YoY
-23.2%
13.5%
Net Profit YoY
71.0%
43.2%
EPS (diluted)
$-0.26
$0.32

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
CMBM
CMBM
NGS
NGS
Q4 25
$46.1M
Q3 25
$43.4M
Q2 25
$41.4M
Q1 25
$41.4M
Q4 24
$40.3M
$40.7M
Q3 24
$44.7M
Q2 24
$45.2M
Q1 24
$47.1M
Net Profit
CMBM
CMBM
NGS
NGS
Q4 25
$4.1M
Q3 25
$5.8M
Q2 25
$5.2M
Q1 25
$4.9M
Q4 24
$-7.2M
$2.9M
Q3 24
$-34.5M
Q2 24
$-14.2M
Q1 24
$-18.4M
Gross Margin
CMBM
CMBM
NGS
NGS
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
36.6%
Q3 24
43.6%
Q2 24
32.5%
Q1 24
29.8%
Operating Margin
CMBM
CMBM
NGS
NGS
Q4 25
15.4%
Q3 25
24.8%
Q2 25
24.0%
Q1 25
23.0%
Q4 24
-28.4%
14.9%
Q3 24
-69.6%
Q2 24
-27.2%
Q1 24
-33.1%
Net Margin
CMBM
CMBM
NGS
NGS
Q4 25
8.9%
Q3 25
13.3%
Q2 25
12.5%
Q1 25
11.7%
Q4 24
-17.9%
7.0%
Q3 24
-77.3%
Q2 24
-31.5%
Q1 24
-39.2%
EPS (diluted)
CMBM
CMBM
NGS
NGS
Q4 25
$0.32
Q3 25
$0.46
Q2 25
$0.41
Q1 25
$0.38
Q4 24
$-0.26
$0.22
Q3 24
$-1.22
Q2 24
$-0.51
Q1 24
$-0.66

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
CMBM
CMBM
NGS
NGS
Cash + ST InvestmentsLiquidity on hand
Total DebtLower is stronger
$67.6M
Stockholders' EquityBook value
$-3.2M
$274.7M
Total Assets
$173.7M
$586.8M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CMBM
CMBM
NGS
NGS
Q4 25
Q3 25
Q2 25
$325.0K
Q1 25
$2.1M
Q4 24
$2.1M
Q3 24
Q2 24
Q1 24
Total Debt
CMBM
CMBM
NGS
NGS
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
$67.6M
Q3 24
$67.6M
Q2 24
$68.9M
Q1 24
$63.8M
Stockholders' Equity
CMBM
CMBM
NGS
NGS
Q4 25
$274.7M
Q3 25
$271.4M
Q2 25
$266.2M
Q1 25
$260.3M
Q4 24
$-3.2M
$255.1M
Q3 24
$1.9M
Q2 24
$34.1M
Q1 24
$45.0M
Total Assets
CMBM
CMBM
NGS
NGS
Q4 25
$586.8M
Q3 25
$562.3M
Q2 25
$525.5M
Q1 25
$501.7M
Q4 24
$173.7M
$492.5M
Q3 24
$194.3M
Q2 24
$221.1M
Q1 24
$219.8M
Debt / Equity
CMBM
CMBM
NGS
NGS
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
36.12×
Q2 24
2.02×
Q1 24
1.42×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
CMBM
CMBM
NGS
NGS
Operating Cash FlowLast quarter
$-10.4M
$13.9M
Free Cash FlowOCF − Capex
$-10.8M
$-20.7M
FCF MarginFCF / Revenue
-26.8%
-44.8%
Capex IntensityCapex / Revenue
1.1%
74.9%
Cash ConversionOCF / Net Profit
3.38×
TTM Free Cash FlowTrailing 4 quarters
$-21.4M
$-58.6M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CMBM
CMBM
NGS
NGS
Q4 25
$13.9M
Q3 25
$16.8M
Q2 25
$11.0M
Q1 25
$21.3M
Q4 24
$-10.4M
$9.4M
Q3 24
$8.9M
Q2 24
$2.4M
Q1 24
$-15.9M
Free Cash Flow
CMBM
CMBM
NGS
NGS
Q4 25
$-20.7M
Q3 25
$-25.1M
Q2 25
$-14.8M
Q1 25
$2.0M
Q4 24
$-10.8M
$-5.1M
Q3 24
$6.8M
Q2 24
$87.0K
Q1 24
$-17.4M
FCF Margin
CMBM
CMBM
NGS
NGS
Q4 25
-44.8%
Q3 25
-57.7%
Q2 25
-35.8%
Q1 25
4.9%
Q4 24
-26.8%
-12.6%
Q3 24
15.2%
Q2 24
0.2%
Q1 24
-37.0%
Capex Intensity
CMBM
CMBM
NGS
NGS
Q4 25
74.9%
Q3 25
96.5%
Q2 25
62.4%
Q1 25
46.5%
Q4 24
1.1%
35.8%
Q3 24
4.8%
Q2 24
5.1%
Q1 24
3.3%
Cash Conversion
CMBM
CMBM
NGS
NGS
Q4 25
3.38×
Q3 25
2.90×
Q2 25
2.12×
Q1 25
4.38×
Q4 24
3.29×
Q3 24
Q2 24
Q1 24

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

CMBM
CMBM

Enterprise$16.6M41%
Point To Multi Point$16.4M41%
Other$5.8M14%

NGS
NGS

Segment breakdown not available.

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