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Side-by-side financial comparison of NATURAL GAS SERVICES GROUP INC (NGS) and Neptune Insurance Holdings Inc. (NP). 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 $37.8M, roughly 1.2× Neptune Insurance Holdings Inc.). NATURAL GAS SERVICES GROUP INC runs the higher net margin — 8.9% vs 0.1%, a 8.8% gap on every dollar of revenue. On growth, Neptune Insurance Holdings Inc. posted the faster year-over-year revenue change (28.8% vs 13.5%).

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....

Neptune Insurance Holdings Inc. is a specialty insurance holding company that offers a broad portfolio of property and casualty insurance products, with a core focus on residential and commercial flood insurance for customers across the United States. It serves both individual consumers and small to mid-sized business clients, using advanced data analytics to support accurate policy pricing and robust risk management.

NGS vs NP — Head-to-Head

Bigger by revenue
NGS
NGS
1.2× larger
NGS
$46.1M
$37.8M
NP
Growing faster (revenue YoY)
NP
NP
+15.3% gap
NP
28.8%
13.5%
NGS
Higher net margin
NGS
NGS
8.8% more per $
NGS
8.9%
0.1%
NP

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
NGS
NGS
NP
NP
Revenue
$46.1M
$37.8M
Net Profit
$4.1M
$50.0K
Gross Margin
Operating Margin
15.4%
Net Margin
8.9%
0.1%
Revenue YoY
13.5%
28.8%
Net Profit YoY
43.2%
0.0%
EPS (diluted)
$0.32
$0.05

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
NGS
NGS
NP
NP
Q1 26
$37.8M
Q4 25
$46.1M
Q3 25
$43.4M
$44.4M
Q2 25
$41.4M
Q1 25
$41.4M
Q4 24
$40.7M
Q3 24
$33.8M
Net Profit
NGS
NGS
NP
NP
Q1 26
$50.0K
Q4 25
$4.1M
Q3 25
$5.8M
$11.5M
Q2 25
$5.2M
Q1 25
$4.9M
Q4 24
$2.9M
Q3 24
$12.1M
Operating Margin
NGS
NGS
NP
NP
Q1 26
Q4 25
15.4%
Q3 25
24.8%
46.7%
Q2 25
24.0%
Q1 25
23.0%
Q4 24
14.9%
Q3 24
58.6%
Net Margin
NGS
NGS
NP
NP
Q1 26
0.1%
Q4 25
8.9%
Q3 25
13.3%
25.9%
Q2 25
12.5%
Q1 25
11.7%
Q4 24
7.0%
Q3 24
35.8%
EPS (diluted)
NGS
NGS
NP
NP
Q1 26
$0.05
Q4 25
$0.32
Q3 25
$0.46
$0.06
Q2 25
$0.41
Q1 25
$0.38
Q4 24
$0.22
Q3 24
$0.06

Balance Sheet & Financial Strength

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

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

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
NGS
NGS
NP
NP
Q1 26
Q4 25
Q3 25
$12.2M
Q2 25
$325.0K
Q1 25
$2.1M
Q4 24
$2.1M
Q3 24
Total Debt
NGS
NGS
NP
NP
Q1 26
Q4 25
Q3 25
$247.6M
Q2 25
Q1 25
Q4 24
Q3 24
Stockholders' Equity
NGS
NGS
NP
NP
Q1 26
Q4 25
$274.7M
Q3 25
$271.4M
$-509.5M
Q2 25
$266.2M
Q1 25
$260.3M
Q4 24
$255.1M
Q3 24
$-374.3M
Total Assets
NGS
NGS
NP
NP
Q1 26
Q4 25
$586.8M
Q3 25
$562.3M
$89.6M
Q2 25
$525.5M
Q1 25
$501.7M
Q4 24
$492.5M
Q3 24

Cash Flow & Capital Efficiency

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

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

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
NGS
NGS
NP
NP
Q1 26
Q4 25
$13.9M
Q3 25
$16.8M
$38.9M
Q2 25
$11.0M
Q1 25
$21.3M
Q4 24
$9.4M
Q3 24
Free Cash Flow
NGS
NGS
NP
NP
Q1 26
Q4 25
$-20.7M
Q3 25
$-25.1M
Q2 25
$-14.8M
Q1 25
$2.0M
Q4 24
$-5.1M
Q3 24
FCF Margin
NGS
NGS
NP
NP
Q1 26
Q4 25
-44.8%
Q3 25
-57.7%
Q2 25
-35.8%
Q1 25
4.9%
Q4 24
-12.6%
Q3 24
Capex Intensity
NGS
NGS
NP
NP
Q1 26
Q4 25
74.9%
Q3 25
96.5%
Q2 25
62.4%
Q1 25
46.5%
Q4 24
35.8%
Q3 24
Cash Conversion
NGS
NGS
NP
NP
Q1 26
Q4 25
3.38×
Q3 25
2.90×
3.38×
Q2 25
2.12×
Q1 25
4.38×
Q4 24
3.29×
Q3 24

Financial Flow Comparison

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

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