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Side-by-side financial comparison of NATURAL GAS SERVICES GROUP INC (NGS) and PACIFIC BIOSCIENCES OF CALIFORNIA, INC. (PACB). 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 $44.6M, roughly 1.0× PACIFIC BIOSCIENCES OF CALIFORNIA, INC.). NATURAL GAS SERVICES GROUP INC runs the higher net margin — 8.9% vs -90.4%, a 99.3% gap on every dollar of revenue. On growth, PACIFIC BIOSCIENCES OF CALIFORNIA, INC. posted the faster year-over-year revenue change (13.8% vs 13.5%). PACIFIC BIOSCIENCES OF CALIFORNIA, INC. produced more free cash flow last quarter ($-19.9M vs $-20.7M).

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....

Pacific Biosciences of California, Inc. is an American biotechnology company founded in 2004 that develops and manufactures systems for gene sequencing and some novel real time biological observation. PacBio has two principal sequencing platforms: single-molecule real-time sequencing (SMRT), based on the properties of zero-mode waveguides and sequencing by binding (SBB) chemistry, which uses native nucleotides and scarless incorporation for DNA binding and extension.

NGS vs PACB — Head-to-Head

Bigger by revenue
NGS
NGS
1.0× larger
NGS
$46.1M
$44.6M
PACB
Growing faster (revenue YoY)
PACB
PACB
+0.3% gap
PACB
13.8%
13.5%
NGS
Higher net margin
NGS
NGS
99.3% more per $
NGS
8.9%
-90.4%
PACB
More free cash flow
PACB
PACB
$766.0K more FCF
PACB
$-19.9M
$-20.7M
NGS

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
NGS
NGS
PACB
PACB
Revenue
$46.1M
$44.6M
Net Profit
$4.1M
$-40.4M
Gross Margin
37.1%
Operating Margin
15.4%
-92.3%
Net Margin
8.9%
-90.4%
Revenue YoY
13.5%
13.8%
Net Profit YoY
43.2%
-1802.7%
EPS (diluted)
$0.32
$-0.11

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
PACB
PACB
Q4 25
$46.1M
$44.6M
Q3 25
$43.4M
$38.4M
Q2 25
$41.4M
$39.8M
Q1 25
$41.4M
$37.2M
Q4 24
$40.7M
$39.2M
Q3 24
$40.0M
Q2 24
$36.0M
Q1 24
$38.8M
Net Profit
NGS
NGS
PACB
PACB
Q4 25
$4.1M
$-40.4M
Q3 25
$5.8M
$-38.0M
Q2 25
$5.2M
$-41.9M
Q1 25
$4.9M
$-426.1M
Q4 24
$2.9M
$2.4M
Q3 24
$-60.7M
Q2 24
$-173.3M
Q1 24
$-78.2M
Gross Margin
NGS
NGS
PACB
PACB
Q4 25
37.1%
Q3 25
41.4%
Q2 25
36.9%
Q1 25
-3.7%
Q4 24
25.6%
Q3 24
25.0%
Q2 24
16.5%
Q1 24
29.1%
Operating Margin
NGS
NGS
PACB
PACB
Q4 25
15.4%
-92.3%
Q3 25
24.8%
-101.1%
Q2 25
24.0%
-112.8%
Q1 25
23.0%
-1154.5%
Q4 24
14.9%
-390.1%
Q3 24
-160.3%
Q2 24
-488.3%
Q1 24
-209.6%
Net Margin
NGS
NGS
PACB
PACB
Q4 25
8.9%
-90.4%
Q3 25
13.3%
-98.9%
Q2 25
12.5%
-105.4%
Q1 25
11.7%
-1146.8%
Q4 24
7.0%
6.0%
Q3 24
-151.9%
Q2 24
-481.3%
Q1 24
-201.4%
EPS (diluted)
NGS
NGS
PACB
PACB
Q4 25
$0.32
$-0.11
Q3 25
$0.46
$-0.13
Q2 25
$0.41
$-0.14
Q1 25
$0.38
$-1.44
Q4 24
$0.22
$-0.44
Q3 24
$-0.22
Q2 24
$-0.64
Q1 24
$-0.29

Balance Sheet & Financial Strength

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

Metric
NGS
NGS
PACB
PACB
Cash + ST InvestmentsLiquidity on hand
$279.5M
Total DebtLower is stronger
Stockholders' EquityBook value
$274.7M
$5.3M
Total Assets
$586.8M
$784.1M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
NGS
NGS
PACB
PACB
Q4 25
$279.5M
Q3 25
$298.7M
Q2 25
$325.0K
$314.7M
Q1 25
$2.1M
$343.1M
Q4 24
$2.1M
$389.9M
Q3 24
$471.1M
Q2 24
$509.8M
Q1 24
$561.9M
Stockholders' Equity
NGS
NGS
PACB
PACB
Q4 25
$274.7M
$5.3M
Q3 25
$271.4M
$36.1M
Q2 25
$266.2M
$61.5M
Q1 25
$260.3M
$91.6M
Q4 24
$255.1M
$506.6M
Q3 24
$453.1M
Q2 24
$492.7M
Q1 24
$649.0M
Total Assets
NGS
NGS
PACB
PACB
Q4 25
$586.8M
$784.1M
Q3 25
$562.3M
$803.2M
Q2 25
$525.5M
$825.5M
Q1 25
$501.7M
$860.8M
Q4 24
$492.5M
$1.3B
Q3 24
$1.5B
Q2 24
$1.5B
Q1 24
$1.7B

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
PACB
PACB
Operating Cash FlowLast quarter
$13.9M
$-19.1M
Free Cash FlowOCF − Capex
$-20.7M
$-19.9M
FCF MarginFCF / Revenue
-44.8%
-44.6%
Capex IntensityCapex / Revenue
74.9%
1.9%
Cash ConversionOCF / Net Profit
3.38×
TTM Free Cash FlowTrailing 4 quarters
$-58.6M
$-114.1M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
NGS
NGS
PACB
PACB
Q4 25
$13.9M
$-19.1M
Q3 25
$16.8M
$-18.7M
Q2 25
$11.0M
$-29.4M
Q1 25
$21.3M
$-44.1M
Q4 24
$9.4M
$-30.6M
Q3 24
$-45.5M
Q2 24
$-54.3M
Q1 24
$-75.7M
Free Cash Flow
NGS
NGS
PACB
PACB
Q4 25
$-20.7M
$-19.9M
Q3 25
$-25.1M
$-18.8M
Q2 25
$-14.8M
$-29.9M
Q1 25
$2.0M
$-45.4M
Q4 24
$-5.1M
$-32.3M
Q3 24
$-46.3M
Q2 24
$-55.7M
Q1 24
$-79.6M
FCF Margin
NGS
NGS
PACB
PACB
Q4 25
-44.8%
-44.6%
Q3 25
-57.7%
-48.9%
Q2 25
-35.8%
-75.3%
Q1 25
4.9%
-122.3%
Q4 24
-12.6%
-82.3%
Q3 24
-115.7%
Q2 24
-154.8%
Q1 24
-205.0%
Capex Intensity
NGS
NGS
PACB
PACB
Q4 25
74.9%
1.9%
Q3 25
96.5%
0.2%
Q2 25
62.4%
1.4%
Q1 25
46.5%
3.7%
Q4 24
35.8%
4.1%
Q3 24
2.0%
Q2 24
4.1%
Q1 24
10.0%
Cash Conversion
NGS
NGS
PACB
PACB
Q4 25
3.38×
Q3 25
2.90×
Q2 25
2.12×
Q1 25
4.38×
Q4 24
3.29×
-12.93×
Q3 24
Q2 24
Q1 24

Financial Flow Comparison

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

Revenue Breakdown by Segment

NGS
NGS

Segment breakdown not available.

PACB
PACB

Products$39.0M87%
Service And Other$5.7M13%

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