$33.17

+0.42 (+1.28%)

Weekly Expected Move ±5.3%

$30 $31 $33 $35 $37

NYSE · Energy · Oil & Gas Equipment & Services · Tech Score Strong Sell · Power 39 · $419.1M mcap · 12M float · 1.10% daily turnover · Short 49% of daily vol

Edge Score

Quantitative competitive moat analysis scoring five pillars of durable advantage — cost leadership, brand intangibles, switching costs, network effects, and efficient scale — using industry percentile rankings on a 0–100 scale.

NARROW EDGE

61.7 / 100

NoneWeakNarrowWide

Primary source: Switching Costs · ROIC: 5.2% · 5Y Avg: 2.3%

Cost Advantage

Intangibles

Switching Cost

Network Effect

Scale

The Edge Score quantifies a company's competitive moat using five pillars: Cost Advantage (20%, operating margin and SG&A efficiency vs industry peers), Intangible Assets (25%, gross margin premium, R&D intensity, brand pricing power), Switching Costs (25%, revenue stability, earnings consistency, customer retention proxied by operating leverage), Network Effects (15%, revenue growth with expanding margins, market share dominance), and Efficient Scale (15%, market concentration, ROIC sustainability). Each pillar is scored 0–100 using industry percentile rankings, then weighted into a composite. Wide ≥ 70, Narrow ≥ 55, Weak ≥ 40, None < 40. NGS has a Narrow competitive edge (61.7/100) — meaningful but not impregnable advantages over competitors. The primary source of advantage is Switching Costs. ROIC of 5.2% suggests modest returns relative to capital deployed.

Analyst Insights

Wall Street analyst consensus based on price targets and buy/sell/hold recommendations from institutional research coverage over the trailing 12 months.

Analyst Price Targets

Low

$54

Avg Target

$54

High

Based on 2 analyst ratings (12 mo)

Analyst Recommendations

Strong Buy: 0Buy: 11Hold: 5Sell: 0Strong Sell: 0

Rating Summary

ConsensusBuy

Avg Target$54.00

Analysts1

Price Target Change History

Date	Firm	Analyst	Old	New	Change	Upside @ Call	Stock@Call
2026-07-10	Raymond James	—	$42	$54	+12	+33.7%	$40.40
2026-01-13	Raymond James	—	Initiated	$42	—	+22.6%	$34.25
2024-05-17	Stifel Nicolaus	Selman Akyol	$26	$28	+2	+17.2%	$23.89
2024-04-03	Stifel Nicolaus	Selman Akyol	Initiated	$26	—	+14.2%	$22.77

Financial Rating

Composite financial health rating (A+ to F) based on discounted cash flow valuation, return on equity, return on assets, debt-to-equity leverage, and relative P/E and P/B multiples.

B-

Oct 02, 2026

DCF

ROE

ROA

D/E

P/E

P/B

The Financial Rating evaluates six fundamental factors — discounted cash flow (DCF) valuation, return on equity (ROE), return on assets (ROA), debt-to-equity leverage (D/E), and relative price-to-earnings (P/E) and price-to-book (P/B) multiples — each scored 1–5. NGS receives an overall rating of B-. Strongest factors: ROA (5/5). Areas of concern: DCF (1/5), D/E (1/5), P/E (1/5).

Rating Change History

Date	From	To
2026-10-01	C	B-
2026-08-11	B-	C
2026-08-10	C+	B-
2026-08-03	B-	C+
2026-07-30	C+	B-
2026-07-27	B-	C+
2026-04-01	C+	B-
2026-03-17	D+	C+
2026-03-16	B-	D+

InsiderStreet Scorecard

Proprietary multi-factor scorecard rating companies across seven fundamental dimensions — profitability, balance sheet strength, earnings quality, growth, value, momentum, and safety — each scored 0–100.

★ ★ ★ ★ ★ 43 Grade B

Profitability

Balance Sheet

Earnings Quality

Growth

Value

Momentum

Safety

Cash Flow

The InsiderStreet Scorecard rates companies across eight dimensions: Profitability (margins, ROA, ROE), Balance Sheet (leverage, liquidity, coverage), Earnings Quality (accruals, cash conversion), Growth (revenue and earnings trajectory), Value (P/E, P/B, earnings yield, Graham criteria), Momentum (revenue and earnings acceleration), Safety (Altman Z-Score risk adjustment), and Cash Flow (operating cash flow quality, FCF conversion, cash coverage). The overall score blends 35% quality, 35% value, and 30% momentum, with a penalty for distress-zone Altman scores. NGS scores highest in Momentum (88/100) and lowest in Safety (30/100). A grade of B indicates above-average fundamentals with room for improvement in select areas.

Risk & Quality Signals

Academic financial models used by institutional investors to assess bankruptcy risk, earnings manipulation, financial strength, and credit quality.

Altman Z-Score

1.65

Distress Zone

Piotroski F-Score

5/9

✓ ✓ ✗ ✓ ✗ ✓ ✗ ✓ ✗

Beneish M-Score

23.01

Possible Manipulator

Ohlson O-Score

-6.54

Bankruptcy prob: 0.1%

Low Risk

Credit Rating

Score: 40.1/100

Trend: Deteriorating

Earnings Quality

75/100

OCF/NI: 3.86x

Accruals: -9.4%

The Altman Z-Score (1968) combines five ratios — working capital, retained earnings, EBIT, market value of equity, and sales, all relative to total assets or liabilities — into a single bankruptcy predictor. NGS scores 1.65, placing it in the Distress Zone (safe > 2.99, distress < 1.81). Historically, companies in this range face elevated bankruptcy risk. The Piotroski F-Score (2000) is a 9-point binary checklist — four profitability tests (positive ROA, positive cash flow, improving ROA, cash flow exceeding net income), three leverage tests (declining debt ratio, improving current ratio, no share dilution), and two efficiency tests (improving gross margin, improving asset turnover). Each pass scores 1 point. NGS scores 5/9, indicating moderate financial health — some areas of strength offset by weaknesses in others. The Beneish M-Score (1999) is an 8-variable model that detects earnings manipulation by comparing year-over-year changes in receivables, gross margins, asset quality, sales growth, depreciation, SG&A, leverage, and accruals. Scores above −1.78 statistically resemble past manipulators. NGS's score of 23.01 exceeds the −1.78 red flag threshold — this does not confirm manipulation but indicates the earnings profile resembles past manipulators statistically. The Ohlson O-Score (1980) is a 9-variable logistic regression that estimates bankruptcy probability using firm size, leverage, working capital, current ratio, profitability (ROA), cash flow coverage, negative equity flag, consecutive losses flag, and earnings trajectory. The raw score is converted to a probability via logistic transformation. NGS's implied 0.1% bankruptcy probability is well within safe territory. Our Credit Rating model scores companies on five weighted components — solvency (30%), earning power (25%), leverage (20%), liquidity (15%), and cash flow quality (10%) — then blends the absolute score with sector and industry peer rankings. For companies with large buyback programs, equity is adjusted by adding back cumulative 5-year repurchases (capped at 80% of FCF generated) to avoid penalizing shareholder-friendly capital allocation. NGS receives an estimated rating of BB (score: 40.1/100), with a deteriorating trend. The Earnings Quality score measures how well reported earnings are backed by real cash. It evaluates the operating cash flow to net income ratio (OCF/NI ≥ 1.0 means every dollar of earnings is cash-backed) and the accruals ratio (the gap between earnings and cash flow relative to assets — lower is better). NGS's score of 75/100 is high — cash flows strongly support reported earnings.

Valuation

Key valuation multiples comparing the stock's market price to its earnings, revenue, book value, and cash flows. Lower multiples may indicate relative undervaluation versus peers.

P/E

20.35x

PEG

1.54x

P/S

2.21x

P/B

1.43x

P/FCF

-16.12x

P/OCF

7.01x

EV/EBITDA

8.44x

EV/Revenue

4.66x

EV/EBIT

20.28x

EV/FCF

-25.67x

Earnings Yield

3.70%

FCF Yield

-6.20%

Shareholder Yield

1.07%

Graham Number

$28.68

Equity-based multiples (P/E, P/B, P/FCF) compare the stock price to per-share fundamentals and are affected by capital structure. Enterprise value multiples (EV/EBITDA, EV/Revenue, EV/FCF) strip out debt and cash, making them more useful for cross-company comparisons regardless of how companies are financed. The Graham Number — √(22.5 × EPS × Book Value) — is Benjamin Graham's formula for the maximum price a defensive investor should pay. At 20.3x earnings, NGS commands a growth premium. Graham's intrinsic value formula yields $28.68 per share, 16% below the current price.

DuPont Decomposition (5-Factor)

The 5-factor DuPont framework breaks Return on Equity into its component drivers — tax efficiency, interest burden, operating profitability, asset utilization, and financial leverage — to reveal what truly drives shareholder returns.

Tax Burden

0.735

NI / EBT

Interest Burden

0.641

EBT / EBIT

EBIT Margin

0.230

EBIT / Rev

Asset Turnover

0.305

Rev / Assets

Equity Multiplier

2.218

Assets / Equity

ROE

7.3%

The 5-factor DuPont identity decomposes ROE as: Tax Burden × Interest Burden × EBIT Margin × Asset Turnover × Equity Multiplier = ROE. This reveals whether returns are driven by operating performance, financial leverage, or tax efficiency — three very different sources of profitability. NGS's ROE of 7.3% is driven by Asset Turnover (0.305), indicating efficient use of assets to generate revenue.

Graham-Dodd Adjusted Valuation

Our adaptation of Graham's growth formula (Fair P/E = 8.5 + 2g) from The Intelligent Investor. The classic version relies on analyst growth projections, which can be unreliable. This adjusted model substitutes the company's realized 3-year EPS CAGR — a backward-looking, verifiable measure of actual earnings power — grounding the valuation in demonstrated performance rather than forecasts.

Two adjustments we make, and why. Growth is capped at 15%. Graham defined g as expected growth over the next seven to ten years, not last year's rate. Across US companies since 1994 the median realized 7-year EPS growth is 5–8% regardless of how fast a company grew beforehand, and of 4,457 company-quarters that grew faster than 200%, none sustained it. Uncapped, the formula assigned fair multiples in the hundreds to companies that had never held that rate — and scored worse than simply reading the P/E. Capped, it carries real information. The verdict has three states, not two. Tested over 377,249 stock-months, this ratio only separates outcomes at its extremes: below 0.25 beat the universe by 1.3 points a year, above 3.0 lagged by 2.7, and everything in between sat inside a one-point band. Rather than call two-thirds of the market "undervalued" on a threshold of 1.0, we say Neutral where the model cannot tell — which is most of the time.

Adj. Growth Rate

15.00%

Fair P/E

38.50x

Intrinsic Value

$61.40

Price/Value

0.70x

Margin of Safety

29.73%

Premium

-29.73%

Assessment

Neutral

Graham's classic formula uses analyst-projected growth to estimate a fair P/E (8.5 + 2g). Our adjusted version replaces that projection with NGS's realized 15.0% 3-year EPS CAGR, capped at 15% — demonstrated performance rather than forecasts, held to a rate companies have historically sustained. NGS actually compounded EPS at 704.2% over three years; the model uses 15%, the highest rate it will extrapolate — of 4,457 company-quarters that grew faster than 200%, none sustained it over the following seven years. NGS trades at a -30% premium to its adjusted intrinsic value of $61.40, suggesting the market is pricing in future growth beyond what historical earnings support. The adjusted fair P/E of 38.5x compares to the current market P/E of 20.3x.

Profitability Trends

Historical profitability ratios tracking how efficiently the company converts revenue into returns for shareholders over time.

Leverage & Solvency Trends

Debt and liquidity metrics showing the company's financial leverage and ability to meet short-term and long-term obligations.

Efficiency & Working Capital Trends

Operating efficiency metrics measuring how quickly the company converts inventory to sales, collects receivables, and manages its cash conversion cycle.

Growth Trends (YoY %)

Year-over-year growth rates for key financial metrics, showing the trajectory of revenue, earnings, and cash flow generation.

Earnings Stability

R-squared of linear regression measuring how predictably revenue, earnings, and margins follow a trend over the trailing 5 years. 1.0 = perfectly predictable; lower values indicate erratic or cyclical behavior.

Monte Carlo Price Simulation

Geometric Brownian Motion with 1,000 antithetic paths over 1 year, seeded from 1800 days of historical volatility. Percentile bands show the range of statistically plausible outcomes — this is a statistical model, not a forecast.

Current Price

$33.22

Median 1Y

$33.10

5th Pctile

$14.81

95th Pctile

$74.05

Ann. Volatility

49.9%

Analyst Target

$54.00

25th–75th percentile 5th–95th percentile Median path Historical Analyst target

Executive Compensation

C-suite compensation breakdown including salary, stock awards, options, and incentive pay. The CEO-to-employee pay ratio and Gini coefficient measure pay distribution fairness.

C-Suite Compensation

Executive	Salary	Stock	Total
Justin C. Jacobs, Chief Executive Officer	$581,250	$1,631,862	$2,968,713
Brian L. Tucker Former President and Chief Operating Officer	$333,333	$452,863	$1,078,331
Ian M. Eckert, Chief Financial Officer	$415,000	$—	$828,332

CEO Pay Ratio

34:1

CEO-to-Employee Pay Ratio

CEO Total Comp: $2,968,713

Avg Employee Cost (SGA/emp): $86,529

Employees: 259

C-Suite Pay Equality (Gini)

CEO Compensation Mix

Workforce & Productivity

Workforce efficiency metrics measuring revenue, profit, and R&D spend per employee — key indicators of operational leverage and human capital productivity.

Employees

259

+5.7% YoY

Revenue / Employee

$665,309

Rev: $172,315,000

Profit / Employee

$76,942

NI: $19,928,000

SGA / Employee

$86,529

Avg labor cost proxy

Scaling Efficiency

All Ratios & Metrics

Complete fundamental data with up to 20 periods of history, sparkline trends, and current values across 13 categories and 130+ financial metrics.

Profitability

Metric	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Current
ROE	-2.2%	-3.8%	-3.5%	-2.8%	-2.3%	-0.2%	-0.2%	0.0%	1.0%	2.0%	4.0%	5.5%	6.6%	7.0%	6.8%	7.0%	7.2%	7.5%	8.1%	7.3%	7.30%
ROA	-1.8%	-3.0%	-2.8%	-2.2%	-1.8%	-0.2%	-0.2%	0.0%	0.6%	1.2%	2.2%	2.9%	3.4%	3.5%	3.4%	3.5%	3.5%	3.7%	4.0%	3.3%	3.29%
ROIC	-2.3%	-4.6%	-4.2%	-3.1%	-2.6%	0.1%	-0.6%	0.0%	0.9%	1.9%	3.5%	5.1%	6.0%	6.3%	6.2%	6.2%	5.9%	5.9%	6.5%	5.2%	5.17%
ROCE	-2.0%	-3.1%	-3.0%	-2.0%	-1.5%	-0.2%	-0.2%	-0.1%	1.2%	3.5%	5.4%	7.1%	8.0%	7.1%	7.0%	7.0%	6.9%	7.1%	7.7%	6.3%	6.33%
Gross Margin	6.3%	23.9%	14.2%	14.9%	17.1%	47.6%	18.6%	23.6%	24.7%	55.9%	38.0%	34.5%	59.5%	35.7%	58.6%	36.9%	59.5%	35.6%	41.1%	59.9%	59.94%
Operating Margin	-8.6%	-45.4%	1.9%	3.3%	-1.3%	-1.4%	1.5%	2.6%	15.6%	12.3%	25.2%	22.1%	23.2%	14.9%	23.0%	24.0%	24.8%	20.9%	27.7%	19.3%	19.30%
Net Margin	-6.9%	-31.1%	1.7%	-0.4%	-0.4%	-3.4%	1.4%	1.9%	6.9%	4.7%	13.8%	11.0%	12.3%	7.0%	11.7%	12.5%	13.3%	8.9%	14.0%	7.5%	7.45%
EBITDA Margin	27.1%	7.7%	31.5%	33.6%	26.7%	19.8%	24.7%	27.3%	37.1%	46.1%	45.0%	42.0%	43.1%	36.0%	43.8%	45.9%	46.6%	42.0%	48.0%	80.8%	80.85%
FCF Margin	3.2%	3.9%	-3.8%	-4.3%	-16.4%	-42.5%	-68.5%	-1.0%	-1.2%	-1.1%	-84.9%	-43.5%	-21.9%	-3.5%	1.2%	-13.6%	-26.5%	-36.4%	-31.8%	-18.1%	-18.14%
OCF Margin	34.6%	39.4%	35.2%	37.9%	35.8%	34.2%	46.3%	39.1%	32.1%	14.9%	4.1%	18.5%	32.4%	42.4%	50.9%	40.5%	34.3%	35.8%	35.3%	41.7%	41.73%
ROE 3Y Avg	snapshot only																				6.36%
ROE 5Y Avg	snapshot only																				3.24%
ROA 3Y Avg	snapshot only																				2.99%
ROIC 3Y Avg	snapshot only																				4.02%
ROIC Economic	snapshot only																				5.17%
Cash ROA	snapshot only																				11.00%
Cash ROIC	snapshot only																				12.70%
CROIC	snapshot only																				-5.52%
NOPAT Margin	snapshot only																				16.97%
Pretax Margin	snapshot only																				14.72%
R&D / Revenue	snapshot only																				0.00%
SGA / Revenue	snapshot only																				14.78%
SBC / Revenue	snapshot only																				1.06%

Valuation

Metric	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Current
P/E Ratio	-24.82	-14.85	-17.76	-20.33	-22.38	-243.97	-235.79	3202.87	78.30	41.59	25.36	18.85	14.78	19.43	16.19	18.04	18.93	21.44	22.03	27.05	20.350
P/S Ratio	1.89	1.88	2.02	1.75	1.51	1.64	1.39	1.24	1.67	1.63	1.83	1.74	1.56	2.14	1.71	1.97	2.12	2.48	2.68	2.92	2.213
P/B Ratio	0.55	0.58	0.64	0.58	0.53	0.60	0.55	0.53	0.77	0.84	1.00	1.01	0.95	1.31	1.06	1.21	1.30	1.56	1.71	1.88	1.426
P/FCF	58.71	48.39	-53.30	-40.77	-9.24	-3.85	-2.03	-1.21	-1.45	-1.45	-2.15	-4.00	-7.12	-61.62	144.47	-14.51	-7.99	-6.80	-8.44	-16.12	-16.124
P/OCF	5.48	4.78	5.74	4.63	4.22	4.79	2.99	3.17	5.19	10.95	44.34	9.40	4.81	5.04	3.35	4.87	6.18	6.93	7.59	7.01	7.009
EV/EBITDA	5.69	6.92	7.97	6.42	5.94	6.86	7.64	8.97	10.24	8.52	7.79	6.68	5.97	7.74	6.63	7.29	7.80	8.56	8.61	8.44	8.444
EV/Revenue	1.56	1.57	1.80	1.63	1.51	1.90	1.98	2.22	2.86	2.97	3.10	2.86	2.63	3.21	2.74	3.08	3.37	3.81	3.93	4.66	4.656
EV/EBIT	-19.42	-12.87	-16.31	-23.46	-30.28	-285.60	-352.82	-942.62	65.19	22.77	16.34	12.59	10.79	14.96	13.13	14.38	15.32	16.39	16.20	20.28	20.276
EV/FCF	48.24	40.35	-47.58	-37.87	-9.22	-4.46	-2.89	-2.16	-2.48	-2.65	-3.65	-6.57	-11.99	-92.56	231.71	-22.68	-12.69	-10.47	-12.37	-25.67	-25.669
Earnings Yield	-4.0%	-6.7%	-5.6%	-4.9%	-4.5%	-0.4%	-0.4%	0.0%	1.3%	2.4%	3.9%	5.3%	6.8%	5.1%	6.2%	5.5%	5.3%	4.7%	4.5%	3.7%	3.70%
FCF Yield	1.7%	2.1%	-1.9%	-2.5%	-10.8%	-26.0%	-49.4%	-83.0%	-69.1%	-68.8%	-46.5%	-25.0%	-14.0%	-1.6%	0.7%	-6.9%	-12.5%	-14.7%	-11.9%	-6.2%	-6.20%
PEG Ratio	snapshot only																				1.542
Price/Tangible Book	snapshot only																				1.894
EV/OCF	snapshot only																				11.158
EV/Gross Profit	snapshot only																				9.484
Acquirers Multiple	snapshot only																				20.154
Shareholder Yield	snapshot only																				1.07%
Graham Number	snapshot only																				$28.68

Leverage & Solvency

Metric	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Current
Current Ratio	4.49	3.21	3.15	2.51	1.95	1.78	1.42	1.40	1.49	2.33	3.23	2.34	1.76	2.78	2.10	1.97	1.83	2.33	2.70	2.12	2.116
Quick Ratio	3.11	2.26	2.22	1.64	1.10	1.01	0.82	0.81	0.91	1.67	2.46	1.66	1.16	1.74	1.33	1.23	1.06	1.49	1.77	1.18	1.177
Debt/Equity	0.00	0.00	0.00	0.00	0.01	0.11	0.27	0.43	0.55	0.70	0.71	0.66	0.65	0.67	0.65	0.68	0.77	0.84	0.81	1.11	1.114
Net Debt/Equity	-0.10	-0.10	-0.07	-0.04	-0.00	0.10	0.23	0.41	0.55	0.69	0.69	0.65	0.65	0.66	0.64	0.68	0.77	0.84	0.80	1.11	1.114
Debt/Assets	0.00	0.00	0.00	0.00	0.01	0.08	0.16	0.24	0.28	0.35	0.35	0.33	0.33	0.35	0.34	0.35	0.37	0.39	0.38	0.46	0.457
Debt/EBITDA	0.02	0.02	0.02	0.01	0.11	1.08	2.60	4.13	4.28	3.91	3.29	2.67	2.43	2.62	2.53	2.63	2.89	3.00	2.77	3.14	3.141
Net Debt/EBITDA	-1.24	-1.38	-0.96	-0.49	-0.02	0.94	2.28	3.96	4.27	3.85	3.19	2.61	2.43	2.59	2.50	2.62	2.89	3.00	2.74	3.14	3.140
Interest Coverage	-139.44	-135.92	-93.38	-54.24	-40.82	-1.55	-1.51	-0.46	2.27	3.87	3.55	3.32	3.31	2.82	2.76	2.82	2.86	2.96	3.02	2.78	2.784
Equity Multiplier	1.24	1.30	1.26	1.28	1.30	1.43	1.63	1.82	1.93	2.03	2.02	1.99	1.98	1.93	1.93	1.97	2.07	2.14	2.10	2.44	2.439
Cash Ratio	snapshot only																				0.003
Debt Service Coverage	snapshot only																				6.686
Cash to Debt	snapshot only																				0.000
FCF to Debt	snapshot only																				-0.105
Defensive Interval	snapshot only																				163.9 days

Efficiency & Turnover

Metric	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Current
Asset Turnover	0.23	0.24	0.25	0.26	0.27	0.27	0.27	0.27	0.29	0.30	0.30	0.31	0.32	0.32	0.33	0.32	0.31	0.32	0.33	0.30	0.305
Inventory Turnover	3.11	3.28	3.52	3.28	3.08	3.02	3.24	3.11	3.24	3.63	3.79	3.64	3.48	4.57	4.70	4.45	4.17	4.68	5.21	4.06	4.065
Receivables Turnover	6.50	6.50	5.81	6.35	6.64	6.77	6.54	6.00	5.29	4.50	4.59	5.31	5.76	5.72	5.58	7.02	8.68	10.10	9.35	10.59	10.592
Payables Turnover	37.81	17.96	19.37	17.03	11.98	11.44	4.51	4.27	3.83	6.79	4.46	3.38	2.82	6.64	6.20	4.54	4.49	7.64	7.71	6.19	6.192
DSO	56	56	63	57	55	54	56	61	69	81	80	69	63	64	65	52	42	36	39	34	34.5 days
DIO	117	111	104	111	119	121	113	117	112	100	96	100	105	80	78	82	87	78	70	90	89.8 days
DPO	10	20	19	21	30	32	81	85	95	54	82	108	129	55	59	80	81	48	47	59	58.9 days
Cash Conversion Cycle	164	147	148	147	143	143	88	93	86	128	94	61	39	89	84	54	48	66	62	65	65.3 days
Fixed Asset Turnover	snapshot only																				8.592
Operating Cycle	snapshot only																				124.3 days
Cash Velocity	snapshot only																				2254.976
Capital Intensity	snapshot only																				3.792

Growth (YoY)

Metric	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Current
Revenue	0.9%	6.4%	8.5%	11.1%	12.5%	17.1%	22.5%	28.2%	33.8%	42.8%	44.3%	45.7%	41.7%	29.4%	22.6%	14.8%	9.5%	9.9%	11.3%	15.4%	15.42%
Net Income	-5.8%	-6.1%	-2.2%	-39.0%	0.3%	93.8%	93.7%	1.0%	1.4%	9.3%	18.7%	346.9%	6.0%	2.6%	79.2%	35.5%	16.4%	15.7%	28.6%	14.3%	14.27%
EPS	-5.9%	-6.1%	-2.3%	-50.3%	-7.2%	93.3%	93.5%	1.0%	1.4%	9.2%	18.5%	344.4%	5.9%	2.6%	77.2%	34.0%	14.9%	14.7%	27.2%	12.3%	12.34%
FCF	-72.0%	-83.8%	-1.2%	-1.2%	-6.7%	-13.8%	-21.2%	-29.7%	-8.4%	-2.8%	-78.9%	38.4%	73.1%	96.0%	1.0%	64.2%	-32.7%	-10.6%	-31.0%	-54.2%	-54.23%
EBITDA	-10.1%	-26.5%	-25.6%	-3.6%	4.5%	42.7%	40.4%	24.8%	47.2%	80.2%	1.2%	1.5%	1.2%	53.7%	27.1%	13.4%	7.4%	18.2%	23.2%	50.7%	50.71%
Op. Income	-72.0%	-2.4%	-2.2%	-49.1%	-15.1%	1.0%	1.0%	1.1%	1.8%	23.3%	42.0%	52.8%	4.6%	2.2%	73.0%	28.6%	14.2%	19.6%	30.6%	25.3%	25.27%
OCF Growth	snapshot only																				19.00%
Asset Growth	snapshot only																				36.69%
Equity Growth	snapshot only																				10.62%
Debt Growth	snapshot only																				80.06%
Shares Change	snapshot only																				1.72%

Growth (CAGR)

Metric	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Current
Revenue 3Y	2.7%	3.4%	2.6%	2.8%	2.4%	2.6%	5.2%	9.0%	14.9%	21.2%	24.2%	27.6%	28.7%	29.4%	29.4%	29.0%	27.6%	26.6%	25.3%	24.5%	24.51%
Revenue 5Y	-2.4%	0.2%	1.5%	2.4%	3.5%	4.6%	7.5%	8.4%	10.2%	13.1%	13.8%	15.2%	15.3%	14.8%	15.5%	16.7%	18.7%	20.4%	21.2%	22.4%	22.41%
EPS 3Y	—	—	—	—	—	—	—	—	29.6%	41.1%	—	—	—	—	—	—	—	—	—	7.0%	7.04%
EPS 5Y	—	—	—	—	—	—	—	-71.0%	-33.9%	63.7%	78.4%	74.4%	—	—	—	—	77.0%	63.0%	—	—	—
Net Income 3Y	—	—	—	—	—	—	—	—	26.8%	38.0%	—	—	—	—	—	—	—	—	—	7.1%	7.14%
Net Income 5Y	—	—	—	—	—	—	—	-71.4%	-34.8%	62.0%	76.2%	71.8%	—	—	—	—	75.5%	61.6%	—	—	—
EBITDA 3Y	-4.7%	-10.2%	-10.0%	-6.5%	25.8%	41.6%	43.6%	44.5%	11.4%	23.6%	32.3%	44.7%	50.9%	58.1%	58.1%	52.8%	52.3%	48.5%	51.4%	62.7%	62.67%
EBITDA 5Y	-10.6%	-11.5%	-8.8%	-5.0%	-3.0%	0.5%	0.6%	1.1%	5.9%	13.2%	17.8%	20.8%	45.6%	51.0%	52.8%	53.8%	27.1%	28.0%	29.4%	39.0%	38.96%
Gross Profit 3Y	5.8%	-6.2%	-4.9%	1.5%	3.3%	23.3%	30.7%	40.6%	64.3%	41.9%	50.6%	66.7%	83.9%	1.0%	1.1%	90.6%	79.0%	59.0%	51.1%	53.3%	53.29%
Gross Profit 5Y	-11.9%	-14.9%	-10.5%	-3.9%	1.7%	11.8%	16.1%	20.0%	25.1%	32.2%	36.9%	38.6%	41.6%	43.5%	50.0%	53.1%	64.1%	42.8%	40.5%	50.7%	50.72%
Op. Income 3Y	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	3.5%	3.6%	3.4%	3.43%
Op. Income 5Y	—	—	—	—	—	-22.8%	-22.1%	-18.3%	50.1%	75.0%	1.1%	99.3%	—	—	—	—	—	—	—	—	—
FCF 3Y	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
FCF 5Y	-40.8%	-37.0%	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
OCF 3Y	-2.1%	6.8%	21.9%	15.2%	11.1%	0.3%	1.1%	1.1%	-1.5%	-18.0%	-44.5%	-4.7%	26.0%	32.6%	46.5%	31.8%	25.8%	28.6%	14.5%	27.2%	27.24%
OCF 5Y	-7.4%	-2.7%	-4.9%	4.6%	10.5%	10.7%	29.0%	16.2%	5.6%	-5.1%	-17.8%	6.9%	18.7%	18.3%	15.0%	12.4%	9.7%	13.6%	14.8%	20.9%	20.90%
Assets 3Y	0.6%	0.1%	-1.1%	-1.2%	0.3%	4.6%	7.6%	11.9%	14.1%	16.0%	16.4%	16.8%	17.8%	17.1%	19.5%	21.4%	23.3%	21.4%	16.0%	19.4%	19.35%
Assets 5Y	0.9%	0.9%	0.1%	0.0%	0.3%	1.9%	4.9%	7.4%	8.6%	9.4%	9.8%	9.9%	10.9%	11.4%	10.6%	11.8%	13.1%	13.8%	13.8%	18.6%	18.56%
Equity 3Y	-2.0%	-3.2%	-3.7%	-4.4%	-2.8%	-2.4%	-2.9%	-2.9%	-2.6%	-2.1%	-1.4%	-0.3%	0.9%	2.6%	3.7%	5.0%	5.6%	6.1%	6.7%	8.3%	8.34%
Book Value 3Y	-1.7%	-3.4%	-2.3%	-1.4%	-0.3%	-0.0%	-0.2%	-0.1%	-0.4%	0.1%	0.7%	1.8%	2.5%	4.1%	3.9%	4.1%	4.2%	4.7%	5.6%	7.1%	7.06%
Dividend 3Y	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—

Growth Quality

Metric	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Current
Revenue Stability	0.27	0.01	0.16	0.40	0.53	0.38	0.60	0.63	0.68	0.68	0.66	0.67	0.67	0.70	0.75	0.82	0.88	0.93	0.96	0.97	0.970
Earnings Stability	0.27	0.43	0.48	0.45	0.25	0.28	0.37	0.33	0.13	0.14	0.26	0.35	0.63	0.71	0.83	0.89	0.67	0.72	0.88	0.91	0.911
Margin Stability	0.62	0.67	0.72	0.81	0.77	0.71	0.69	0.69	0.61	0.60	0.54	0.55	0.47	0.48	0.42	0.45	0.42	0.65	0.67	0.62	0.616
Rev. Growth Consistency	0.50	0.50	0.50	0.50	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.000
Earn. Growth Consistency	0.00	0.00	0.00	0.00	0.50	0.50	0.50	0.50	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.000
FCF Positive Streak	1	1	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Earnings Persistence	0.20	0.20	0.50	0.84	0.50	0.50	0.50	0.20	0.20	0.20	0.20	0.50	0.50	0.50	0.50	0.86	0.93	0.94	0.89	0.94	0.943
Earnings Smoothness	—	—	—	—	—	—	—	—	—	—	—	0.00	0.00	0.00	0.43	0.70	0.85	0.85	0.75	0.87	0.867
ROE Trend	-0.00	-0.01	-0.01	0.00	-0.01	0.01	0.02	0.02	0.03	0.04	0.06	0.07	0.07	0.06	0.05	0.04	0.03	0.03	0.03	0.01	0.009
Gross Margin Trend	0.03	-0.06	-0.05	-0.00	0.05	0.08	0.08	0.10	0.11	0.15	0.19	0.18	0.25	0.14	0.17	0.15	0.10	0.10	0.01	0.06	0.059
FCF Margin Trend	0.26	0.17	-0.01	-0.05	-0.24	-0.57	-0.80	-1.11	-1.09	-0.93	-0.49	0.10	0.44	0.74	0.78	0.60	0.42	0.21	0.10	0.10	0.104
Sustainable Growth Rate	—	—	—	—	—	—	—	0.0%	1.0%	2.0%	4.0%	5.5%	6.6%	7.0%	6.8%	7.0%	6.7%	6.5%	6.6%	5.2%	5.19%
Internal Growth Rate	—	—	—	—	—	—	—	0.0%	0.6%	1.2%	2.2%	3.0%	3.5%	3.7%	3.6%	3.7%	3.4%	3.3%	3.4%	2.4%	2.40%

Cash Flow Quality

Metric	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Current
OCF/Net Income	-4.53	-3.11	-3.09	-4.39	-5.30	-50.93	-78.74	1009.79	15.07	3.80	0.57	2.01	3.07	3.86	4.84	3.71	3.06	3.09	2.90	3.86	3.860
FCF/OCF	0.09	0.10	-0.11	-0.11	-0.46	-1.24	-1.48	-2.63	-3.59	-7.54	-20.60	-2.35	-0.68	-0.08	0.02	-0.34	-0.77	-1.02	-0.90	-0.43	-0.435
FCF/Net Income	snapshot only																				-1.678
OCF/EBITDA	snapshot only																				0.757
CapEx/Revenue	31.3%	35.5%	38.9%	42.2%	52.1%	76.7%	1.1%	1.4%	1.5%	1.3%	89.1%	62.1%	54.3%	45.9%	49.8%	54.0%	60.8%	72.2%	67.1%	59.9%	59.87%
CapEx/Depreciation	snapshot only																				1.861
Accruals Ratio	-0.10	-0.12	-0.11	-0.12	-0.11	-0.09	-0.13	-0.11	-0.09	-0.03	0.01	-0.03	-0.07	-0.10	-0.13	-0.10	-0.07	-0.08	-0.08	-0.09	-0.094
Sloan Accruals	snapshot only																				-0.081
Cash Flow Adequacy	snapshot only																				0.662
Earnings Quality Score	snapshot only																				0.750

Dividends & Buybacks

Metric	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Current
Dividend Yield	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.4%	0.6%	0.8%	1.1%	1.57%
Dividend/Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.10	$0.21	$0.32	$0.46	$0.52
Payout Ratio	—	—	—	—	—	—	—	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	6.7%	13.2%	18.4%	28.9%	28.89%
FCF Payout Ratio	0.0%	0.0%	—	—	—	—	—	—	—	—	—	—	—	—	0.0%	—	—	—	—	—	—
Total Payout Ratio	—	—	—	—	—	—	—	25.8%	42.9%	20.7%	8.4%	0.0%	0.0%	0.0%	0.0%	0.0%	6.7%	13.2%	18.4%	28.9%	28.89%
Div. Increase Streak	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	0	0	0	0	0
Chowder Number	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Buyback Yield	3.4%	5.9%	7.2%	9.4%	8.3%	4.8%	3.1%	0.8%	0.5%	0.5%	0.3%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.00%
Net Buyback Yield	3.4%	5.9%	7.2%	9.4%	8.3%	4.8%	3.1%	0.8%	0.5%	0.5%	0.3%	0.0%	0.0%	-0.1%	-0.1%	-0.1%	-0.1%	-0.0%	-0.0%	-0.2%	-0.20%
Total Shareholder Return	3.4%	5.9%	7.2%	9.4%	8.3%	4.8%	3.1%	0.8%	0.5%	0.5%	0.3%	0.0%	0.0%	-0.1%	-0.1%	-0.1%	0.2%	0.6%	0.8%	0.9%	0.87%

DuPont Factors

Metric	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Current
Tax Burden (NI/EBT)	0.95	1.24	1.24	1.54	1.83	13.88	-3.50	0.06	0.58	0.72	0.75	0.76	0.78	0.80	0.79	0.79	0.78	0.75	0.75	0.73	0.735
Interest Burden (EBT/EBIT)	1.00	0.84	0.83	0.80	0.74	0.07	-0.30	-2.61	0.84	0.42	0.51	0.54	0.56	0.64	0.64	0.65	0.65	0.66	0.67	0.64	0.641
EBIT Margin	-0.08	-0.12	-0.11	-0.07	-0.05	-0.01	-0.01	-0.00	0.04	0.13	0.19	0.23	0.24	0.21	0.21	0.21	0.22	0.23	0.24	0.23	0.230
Asset Turnover	0.23	0.24	0.25	0.26	0.27	0.27	0.27	0.27	0.29	0.30	0.30	0.31	0.32	0.32	0.33	0.32	0.31	0.32	0.33	0.30	0.305
Equity Multiplier	1.22	1.26	1.24	1.26	1.27	1.36	1.45	1.55	1.62	1.73	1.83	1.91	1.96	1.98	1.97	1.98	2.03	2.04	2.02	2.22	2.218

Per Share

Metric	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Current
EPS (Diluted TTM)	$-0.42	$-0.70	$-0.67	$-0.54	$-0.45	$-0.05	$-0.04	$0.00	$0.18	$0.38	$0.76	$1.06	$1.28	$1.37	$1.35	$1.42	$1.47	$1.57	$1.71	$1.59	$1.59
Book Value/Share	$18.64	$17.98	$18.38	$18.67	$18.89	$18.84	$18.68	$18.69	$18.86	$19.06	$19.36	$19.68	$20.05	$20.27	$20.64	$21.09	$21.40	$21.64	$22.01	$22.93	$23.25
Tangible Book/Share	$18.56	$17.90	$18.30	$18.59	$18.81	$18.77	$18.61	$18.62	$18.80	$18.99	$19.30	$19.62	$20.00	$20.27	$20.64	$21.09	$21.40	$21.64	$22.01	$22.78	$22.78
Revenue/Share	$5.44	$5.52	$5.86	$6.22	$6.59	$6.95	$7.37	$7.92	$8.66	$9.79	$10.55	$11.45	$12.16	$12.45	$12.78	$13.00	$13.15	$13.57	$14.07	$14.75	$14.96
FCF/Share	$0.18	$0.21	$-0.22	$-0.27	$-1.08	$-2.95	$-5.05	$-8.15	$-9.99	$-10.98	$-8.96	$-4.98	$-2.66	$-0.43	$0.15	$-1.76	$-3.49	$-4.95	$-4.47	$-2.68	$-2.47
OCF/Share	$1.88	$2.17	$2.06	$2.36	$2.36	$2.37	$3.42	$3.10	$2.78	$1.46	$0.43	$2.12	$3.94	$5.28	$6.51	$5.26	$4.51	$4.86	$4.98	$6.15	$6.25
Cash/Share	$1.86	$1.75	$1.29	$0.80	$0.21	$0.28	$0.60	$0.35	$0.02	$0.22	$0.42	$0.29	$0.03	$0.17	$0.17	$0.03	$0.00	$0.00	$0.18	$0.01	$0.01
EBITDA/Share	$1.49	$1.25	$1.32	$1.58	$1.67	$1.92	$1.91	$1.96	$2.42	$3.41	$4.20	$4.90	$5.35	$5.16	$5.27	$5.49	$5.68	$6.05	$6.42	$8.13	$8.13
Debt/Share	$0.02	$0.02	$0.03	$0.02	$0.19	$2.08	$4.96	$8.09	$10.34	$13.35	$13.80	$13.06	$13.01	$13.52	$13.33	$14.43	$16.40	$18.12	$17.77	$25.54	$25.54
Net Debt/Share	$-1.84	$-1.73	$-1.27	$-0.78	$-0.03	$1.80	$4.36	$7.75	$10.33	$13.13	$13.38	$12.77	$12.98	$13.35	$13.16	$14.40	$16.40	$18.12	$17.59	$25.53	$25.53

Academic Models

Metric	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Current
Altman Z-Score	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	1.649
Altman Z-Prime	snapshot only																				2.894
Piotroski F-Score	5	5	6	6	5	6	6	6	6	7	6	7	7	6	7	6	6	5	6	5	5
Beneish M-Score	-2.50	-0.95	-2.99	-3.46	15.43	-3.35	-2.97	-2.71	-1.86	-1.70	-1.82	-2.27	-3.15	-3.23	-3.82	-3.45	-2.75	24.28	25.98	23.01	23.005
Ohlson O-Score	snapshot only																				-6.538
ROIC (Greenblatt)	snapshot only																				76.76%
Net-Net WC	snapshot only																				$-27.89
EVA	snapshot only																				$-30091241.04

Credit

Metric	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Current
Credit Rating	snapshot only																				BB
Credit Score	59.84	58.65	55.23	53.26	48.99	39.10	33.99	24.37	38.20	47.35	49.78	49.42	47.91	53.20	47.09	43.39	43.16	44.66	57.95	40.05	40.053
Credit Grade	snapshot only																				12
Credit Trend	snapshot only																				-3.341
Implied Spread (bps)	snapshot only																				475.000
Industry Credit Rank	snapshot only																				23
Sector Credit Rank	snapshot only																				35

NGS NYSE

Edge Score

Analyst Insights

Financial Rating

InsiderStreet Scorecard

Risk & Quality Signals

Valuation

DuPont Decomposition (5-Factor)

Graham-Dodd Adjusted Valuation

Profitability Trends

Leverage & Solvency Trends

Efficiency & Working Capital Trends

Growth Trends (YoY %)

Earnings Stability

Monte Carlo Price Simulation

Executive Compensation

C-Suite Compensation

CEO Pay Ratio

C-Suite Pay Equality (Gini)

CEO Compensation Mix

Workforce & Productivity

Scaling Efficiency

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