$23.13

-0.27 (-1.15%)

Weekly Expected Move ±2.7%

$23 $23 $24 $24 $25

NYSE · Energy · Oil & Gas Midstream · Alpha Radar Buy · Power 69 · $1.5B mcap · 28M float · 1.66% daily turnover · Short 23% of daily vol

Overview Chart Smart Money Financials Income Statement Cash Flow Balance Sheet Earnings

Analysis Technicals Weather Peers ESG Institutions ETF Exposure Dark Pool Short Interest

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.

NO EDGE

39.4 / 100

NoneWeakNarrowWide

Primary source: Switching Costs · ROIC: 6.7% · 5Y Avg: 3.9%

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. NVGS has No discernible competitive edge (39.4/100). The business operates without significant structural advantages. The primary source of advantage is Switching Costs. ROIC of 6.7% 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

$24

Avg Target

$24

High

Based on 1 analyst ratings (12 mo)

Analyst Recommendations

Strong Buy: 0Buy: 10Hold: 1Sell: 0Strong Sell: 0

Rating Summary

ConsensusBuy

Avg Target$24.00

Analysts1

Price Target Change History

Date	Firm	Analyst	Old	New	Change	Upside @ Call	Stock@Call
2025-09-25	Deutsche Bank	Chris Robertson	Initiated	$24	—	+46.4%	$16.39
2024-07-30	Citigroup	Spiro Dounis	Initiated	$22	—	+36.6%	$16.11

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.

A-

May 22, 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. NVGS receives an overall rating of A-. Strongest factors: DCF (4/5), ROA (4/5), P/B (4/5). Areas of concern: D/E (2/5).

Rating Change History

Date	From	To
2026-04-22	A	A-
2026-04-06	A-	A
2026-04-02	A	A-
2026-04-01	B+	A
2026-03-24	A-	B+
2026-03-23	B+	A-
2026-03-12	A-	B+
2026-02-20	B+	A-
2026-02-18	A-	B+
2026-01-03	B+	A-

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.

★ ★ ★ ★ ★ 56 Grade A

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. NVGS scores highest in Value (83/100) and lowest in Safety (30/100). An overall grade of A places NVGS among the highest-quality companies in its peer group.

Risk & Quality Signals

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

Altman Z-Score

1.52

Distress Zone

Piotroski F-Score

7/9

✓ ✓ ✓ ✓ ✓ ✓ ✓ ✗ ✗

Beneish M-Score

-2.57

Unlikely Manipulator

Ohlson O-Score

-7.85

Bankruptcy prob: 0.0%

Low Risk

Credit Rating

Score: 44.3/100

Trend: Improving

Earnings Quality

100/100

OCF/NI: 1.73x

Accruals: -3.6%

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. NVGS scores 1.52, 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. NVGS scores 7/9, signaling strong financial health across all three dimensions. 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. NVGS's score of -2.57 falls below this threshold, suggesting earnings are unlikely to be manipulated. 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. NVGS's implied 0.0% 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. NVGS receives an estimated rating of BB (score: 44.3/100), with a improving 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). NVGS's score of 100/100 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

13.84x

PEG

0.49x

P/S

2.62x

P/B

1.26x

P/FCF

9.03x

P/OCF

6.74x

EV/EBITDA

6.85x

EV/Revenue

3.41x

EV/EBIT

12.25x

EV/FCF

14.00x

Earnings Yield

8.56%

FCF Yield

11.08%

Shareholder Yield

11.12%

Graham Number

$26.37

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 13.8x earnings, NVGS trades at a reasonable valuation. An earnings yield of 8.6% exceeds typical risk-free rates, suggesting equities are being compensated for risk. Graham's intrinsic value formula yields $26.37 per share, suggesting a potential 14% margin of safety at 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

0.853

NI / EBT

Interest Burden

0.792

EBT / EBIT

EBIT Margin

0.279

EBIT / Rev

Asset Turnover

0.258

Rev / Assets

Equity Multiplier

1.834

Assets / Equity

ROE

8.9%

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. NVGS's ROE of 8.9% is driven by a balanced combination of operating margin, asset efficiency, and leverage.

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.

Adj. Growth Rate

40.80%

Fair P/E

90.10x

Intrinsic Value

$149.02

Price/Value

0.13x

Margin of Safety

87.03%

Premium

-87.03%

Assessment

Undervalued

Graham's classic formula uses analyst-projected growth to estimate a fair P/E (8.5 + 2g). Our adjusted version replaces that projection with NVGS's realized 40.8% 3-year EPS CAGR — what the company actually delivered, not what analysts hope for. At an intrinsic value of $149.02, NVGS appears undervalued with a 87% margin of safety. The adjusted fair P/E of 90.1x compares to the current market P/E of 13.8x.

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

$23.12

Median 1Y

$23.17

5th Pctile

$10.29

95th Pctile

$52.32

Ann. Volatility

46.8%

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

Workforce & Productivity

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

Employees

1,800

0.0% YoY

Revenue / Employee

$326,089

Rev: $586,961,000

Profit / Employee

$55,623

NI: $100,122,000

SGA / Employee

$20,196

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	Q2'21	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	Current
ROE	0.8%	1.4%	-3.0%	-0.7%	0.7%	0.3%	4.7%	4.0%	5.1%	6.5%	7.0%	7.3%	7.0%	6.9%	7.1%	7.5%	7.4%	8.6%	8.2%	8.9%	8.93%
ROA	0.4%	0.7%	-1.5%	-0.3%	0.4%	0.1%	2.5%	2.1%	2.7%	3.5%	3.8%	4.0%	3.8%	3.8%	3.9%	4.1%	4.0%	4.7%	4.5%	4.9%	4.87%
ROIC	2.2%	2.4%	-0.1%	0.1%	0.5%	0.1%	2.9%	3.5%	4.5%	6.2%	7.4%	7.6%	7.9%	7.7%	8.1%	8.4%	7.3%	8.3%	7.1%	6.7%	6.71%
ROCE	2.4%	2.7%	0.0%	1.0%	1.6%	1.5%	4.5%	4.3%	5.3%	6.6%	6.7%	7.1%	7.0%	6.8%	7.4%	7.7%	7.5%	8.7%	8.4%	7.9%	7.92%
Gross Margin	16.4%	21.6%	28.7%	20.9%	21.0%	10.7%	21.4%	29.6%	30.3%	32.9%	29.8%	33.1%	35.9%	30.6%	54.8%	32.7%	24.9%	54.7%	32.3%	29.6%	29.63%
Operating Margin	8.6%	12.8%	-27.2%	14.8%	13.5%	3.7%	17.0%	23.4%	26.6%	26.2%	23.6%	27.1%	26.9%	22.7%	24.4%	26.1%	15.8%	34.5%	26.2%	22.3%	22.34%
Net Margin	0.3%	6.5%	-30.8%	22.6%	11.3%	2.3%	8.1%	13.8%	19.7%	13.9%	12.5%	16.8%	15.8%	12.8%	15.0%	17.9%	16.5%	21.7%	12.1%	25.2%	25.22%
EBITDA Margin	31.5%	37.4%	-6.8%	53.1%	41.3%	41.8%	43.3%	44.0%	53.7%	49.7%	44.4%	52.2%	49.1%	46.2%	44.1%	50.4%	53.1%	53.9%	47.5%	45.0%	45.05%
FCF Margin	18.8%	13.6%	22.2%	21.6%	20.0%	25.0%	19.3%	-9.3%	-17.5%	-13.8%	-3.1%	24.7%	39.2%	36.1%	29.8%	13.5%	9.2%	6.1%	9.2%	24.4%	24.39%
OCF Margin	19.3%	14.4%	23.1%	22.4%	20.9%	25.8%	28.6%	28.6%	29.2%	29.9%	31.7%	33.6%	39.3%	39.7%	37.2%	38.5%	34.9%	34.4%	34.9%	32.7%	32.67%
ROE 3Y Avg	snapshot only																				7.85%
ROE 5Y Avg	snapshot only																				5.37%
ROA 3Y Avg	snapshot only																				4.27%
ROIC 3Y Avg	snapshot only																				5.34%
ROIC Economic	snapshot only																				6.10%
Cash ROA	snapshot only																				8.26%
Cash ROIC	snapshot only																				9.78%
CROIC	snapshot only																				7.30%
NOPAT Margin	snapshot only																				22.42%
Pretax Margin	snapshot only																				22.08%
R&D / Revenue	snapshot only																				0.00%
SGA / Revenue	snapshot only																				7.01%
SBC / Revenue	snapshot only																				0.14%

Valuation

Metric	Q2'21	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	Current
P/E Ratio	76.46	45.61	-21.36	-135.59	120.64	309.91	16.76	22.83	16.16	14.25	12.72	12.82	15.08	13.57	12.41	10.25	11.07	9.93	11.43	11.69	13.837
P/S Ratio	1.75	1.66	1.63	2.08	1.77	1.78	1.89	2.11	1.86	1.99	1.90	2.01	2.23	1.97	1.87	1.58	1.72	1.77	1.95	2.20	2.619
P/B Ratio	0.63	0.64	0.59	0.82	0.76	0.77	0.77	0.89	0.80	0.91	0.88	0.93	1.05	0.93	0.88	0.77	0.81	0.85	0.93	1.03	1.256
P/FCF	9.31	12.20	7.33	9.63	8.84	7.12	9.79	-22.59	-10.64	-14.43	-60.61	8.14	5.67	5.45	6.28	11.67	18.77	29.26	21.31	9.03	9.029
P/OCF	9.06	11.50	7.05	9.26	8.47	6.90	6.62	7.36	6.37	6.66	5.99	5.98	5.67	4.95	5.04	4.11	4.94	5.16	5.59	6.74	6.740
EV/EBITDA	11.27	10.33	16.47	14.27	11.39	11.01	7.33	8.11	6.93	6.78	6.19	6.17	6.71	6.27	5.68	5.05	5.30	5.16	6.14	6.85	6.847
EV/Revenue	3.91	3.68	3.59	3.88	3.43	3.43	3.29	3.46	3.19	3.24	2.97	3.08	3.27	3.01	2.71	2.40	2.56	2.60	3.14	3.41	3.414
EV/EBIT	32.57	28.31	29756.68	88.32	51.93	56.96	18.01	20.58	15.49	13.52	12.12	11.80	12.98	12.34	11.12	9.73	10.43	9.26	10.76	12.25	12.248
EV/FCF	20.77	27.13	16.15	18.02	17.15	13.72	17.04	-37.11	-18.19	-23.47	-94.63	12.48	8.34	8.33	9.10	17.70	27.93	42.87	34.31	14.00	13.998
Earnings Yield	1.3%	2.2%	-4.7%	-0.7%	0.8%	0.3%	6.0%	4.4%	6.2%	7.0%	7.9%	7.8%	6.6%	7.4%	8.1%	9.8%	9.0%	10.1%	8.7%	8.6%	8.56%
FCF Yield	10.7%	8.2%	13.6%	10.4%	11.3%	14.1%	10.2%	-4.4%	-9.4%	-6.9%	-1.7%	12.3%	17.6%	18.4%	15.9%	8.6%	5.3%	3.4%	4.7%	11.1%	11.08%
PEG Ratio	snapshot only																				0.492
Price/Tangible Book	snapshot only																				1.034
EV/OCF	snapshot only																				10.449
EV/Gross Profit	snapshot only																				9.502
Acquirers Multiple	snapshot only																				13.591
Shareholder Yield	snapshot only																				11.12%
Graham Number	snapshot only																				$26.37

Leverage & Solvency

Metric	Q2'21	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	Current
Current Ratio	1.27	1.27	1.05	1.05	1.05	1.05	1.43	1.43	1.43	1.43	1.38	1.38	1.38	1.38	0.69	0.69	0.69	0.69	1.18	1.18	1.177
Quick Ratio	1.19	1.19	0.99	0.99	0.99	0.99	1.38	1.38	1.38	1.38	1.33	1.33	1.33	1.33	0.65	0.65	0.65	0.65	1.12	1.12	1.116
Debt/Equity	0.84	0.84	0.83	0.83	0.83	0.83	0.70	0.70	0.70	0.70	0.62	0.62	0.62	0.62	0.50	0.50	0.50	0.50	0.74	0.74	0.736
Net Debt/Equity	0.78	0.78	0.72	0.72	0.72	0.72	0.57	0.57	0.57	0.57	0.49	0.49	0.49	0.49	0.40	0.40	0.40	0.40	0.57	0.57	0.569
Debt/Assets	0.43	0.43	0.43	0.43	0.43	0.43	0.39	0.39	0.39	0.39	0.33	0.33	0.33	0.33	0.28	0.28	0.28	0.28	0.40	0.40	0.396
Debt/EBITDA	6.72	6.14	10.40	7.68	6.38	6.12	3.81	3.88	3.51	3.19	2.79	2.69	2.70	2.73	2.24	2.19	2.21	2.08	3.01	3.14	3.144
Net Debt/EBITDA	6.22	5.68	9.00	6.64	5.52	5.30	3.12	3.17	2.88	2.61	2.22	2.14	2.15	2.17	1.76	1.72	1.74	1.64	2.33	2.43	2.431
Interest Coverage	1.13	1.28	0.00	0.48	0.73	0.63	1.75	1.59	1.79	2.07	2.10	2.16	2.18	2.23	2.40	2.63	2.56	2.91	3.04	2.88	2.875
Equity Multiplier	1.96	1.96	1.94	1.94	1.94	1.94	1.80	1.80	1.80	1.80	1.85	1.85	1.85	1.85	1.81	1.81	1.81	1.81	1.86	1.86	1.858
Cash Ratio	snapshot only																				0.816
Debt Service Coverage	snapshot only																				5.143
Cash to Debt	snapshot only																				0.227
FCF to Debt	snapshot only																				0.156
Defensive Interval	snapshot only																				1527.4 days

Efficiency & Turnover

Metric	Q2'21	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	Current
Asset Turnover	0.18	0.19	0.20	0.22	0.24	0.24	0.22	0.23	0.24	0.25	0.26	0.26	0.26	0.26	0.26	0.27	0.26	0.26	0.26	0.26	0.258
Inventory Turnover	30.11	31.79	28.94	31.60	34.03	35.40	35.44	35.53	35.20	34.94	43.42	42.74	42.70	43.37	30.47	31.53	31.83	29.29	25.52	25.32	25.318
Receivables Turnover	17.95	19.08	17.54	19.01	20.65	20.83	18.89	19.54	20.00	21.23	20.82	20.75	21.18	21.33	17.79	18.34	17.80	18.16	18.39	18.05	18.049
Payables Turnover	28.59	30.18	31.00	33.85	36.45	37.92	39.73	39.83	39.47	39.17	39.34	38.72	38.69	39.30	27.27	28.22	28.49	26.22	28.12	27.90	27.902
DSO	20	19	21	19	18	18	19	19	18	17	18	18	17	17	21	20	21	20	20	20	20.2 days
DIO	12	11	13	12	11	10	10	10	10	10	8	9	9	8	12	12	11	12	14	14	14.4 days
DPO	13	12	12	11	10	10	9	9	9	9	9	9	9	9	13	13	13	14	13	13	13.1 days
Cash Conversion Cycle	20	19	22	20	18	18	20	20	19	18	17	17	16	16	19	19	19	19	21	22	21.6 days
Fixed Asset Turnover	snapshot only																				0.335
Operating Cycle	snapshot only																				34.6 days
Cash Velocity	snapshot only																				2.812
Capital Intensity	snapshot only																				3.956

Growth (YoY)

Metric	Q2'21	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	Current
Revenue	7.9%	12.6%	22.3%	30.7%	40.7%	33.5%	16.6%	11.2%	4.7%	10.3%	16.2%	12.0%	11.7%	6.0%	2.9%	6.4%	1.2%	2.5%	3.6%	-1.3%	-1.33%
Net Income	1.7%	3.0%	-68.9%	-1.6%	-9.9%	-78.9%	2.7%	7.7%	7.2%	25.9%	53.8%	90.3%	43.0%	9.8%	4.0%	4.6%	6.7%	26.3%	17.0%	20.6%	20.56%
EPS	1.7%	2.6%	-49.9%	-1.5%	-34.6%	-81.1%	2.7%	7.8%	7.6%	27.2%	61.6%	96.9%	45.9%	15.7%	9.4%	10.1%	11.9%	33.5%	24.2%	28.8%	28.76%
FCF	1.5%	-26.1%	1.1%	79.1%	49.8%	1.5%	1.5%	-1.5%	-1.9%	-1.6%	-1.2%	4.0%	3.5%	3.8%	10.8%	-41.6%	-76.3%	-82.8%	-68.2%	77.7%	77.66%
EBITDA	-3.0%	8.1%	-27.1%	-4.1%	22.3%	16.6%	1.4%	74.4%	59.9%	69.2%	24.0%	31.0%	18.5%	6.2%	2.7%	1.2%	0.3%	7.8%	10.8%	3.5%	3.55%
Op. Income	-9.3%	7.7%	-1.1%	-95.1%	-70.1%	-94.5%	19.6%	32.9%	7.0%	51.4%	1.3%	92.7%	56.6%	13.1%	4.2%	3.2%	-12.4%	4.6%	6.7%	-1.1%	-1.14%
OCF Growth	snapshot only																				-16.27%
Asset Growth	snapshot only																				4.52%
Equity Growth	snapshot only																				1.77%
Debt Growth	snapshot only																				48.72%
Shares Change	snapshot only																				-6.37%
Dividend Growth	snapshot only																				32.92%

Growth (CAGR)

Metric	Q2'21	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	Current
Revenue 3Y	4.5%	5.4%	9.4%	12.6%	15.7%	16.7%	16.3%	16.9%	16.7%	18.4%	18.3%	17.7%	18.1%	16.0%	11.7%	9.9%	5.8%	6.2%	7.4%	5.5%	5.55%
Revenue 5Y	2.2%	4.0%	6.7%	8.3%	10.0%	10.2%	9.7%	10.4%	11.0%	11.5%	12.2%	12.2%	12.7%	13.2%	13.5%	13.8%	12.4%	12.5%	12.0%	11.3%	11.32%
EPS 3Y	—	—	—	—	—	—	—	—	—	—	—	84.0%	1.0%	83.4%	—	—	1.4%	2.5%	30.0%	40.8%	40.80%
EPS 5Y	-37.6%	-30.3%	—	—	-23.4%	-29.7%	48.7%	58.9%	—	—	—	—	—	—	—	—	—	—	—	54.6%	54.58%
Net Income 3Y	—	—	—	—	—	—	—	—	—	—	—	1.0%	1.2%	83.9%	—	—	1.3%	2.3%	23.3%	33.9%	33.89%
Net Income 5Y	-37.5%	-27.2%	—	—	-18.2%	-24.8%	58.7%	69.1%	—	—	—	—	—	—	—	—	—	—	—	59.4%	59.43%
EBITDA 3Y	0.7%	2.7%	-8.5%	2.0%	9.8%	11.7%	24.5%	23.6%	23.8%	28.7%	29.6%	29.9%	32.4%	28.0%	45.2%	32.2%	23.9%	24.6%	12.1%	11.2%	11.15%
EBITDA 5Y	-6.1%	-2.7%	-8.3%	-0.9%	3.1%	4.5%	12.7%	12.1%	14.8%	16.4%	17.9%	19.4%	20.2%	20.2%	19.7%	20.2%	17.7%	19.5%	19.9%	18.1%	18.10%
Gross Profit 3Y	3.7%	4.6%	12.7%	16.3%	23.0%	19.9%	15.0%	19.4%	19.7%	30.4%	33.8%	33.3%	39.5%	35.0%	32.7%	31.3%	22.4%	34.5%	34.2%	25.7%	25.72%
Gross Profit 5Y	-12.0%	-8.1%	-1.0%	2.6%	6.7%	6.1%	5.4%	10.1%	14.3%	18.7%	20.8%	22.3%	25.3%	25.7%	30.3%	29.7%	24.1%	28.8%	25.0%	23.1%	23.14%
Op. Income 3Y	0.4%	1.6%	—	-61.7%	-30.7%	-58.7%	22.1%	29.7%	29.5%	45.6%	48.7%	46.9%	55.3%	48.0%	—	3.1%	1.2%	3.0%	37.0%	25.3%	25.28%
Op. Income 5Y	-18.6%	-13.9%	—	-49.6%	-28.0%	-46.3%	4.7%	11.6%	19.4%	24.6%	27.1%	29.8%	33.1%	33.2%	34.4%	34.1%	24.4%	29.6%	29.6%	26.5%	26.45%
FCF 3Y	—	30.1%	5.6%	18.3%	25.2%	31.9%	25.4%	—	—	—	—	36.7%	50.9%	60.6%	23.3%	-5.9%	-18.4%	-33.8%	-16.3%	—	—
FCF 5Y	—	—	—	—	—	—	—	—	—	—	—	18.8%	35.1%	31.1%	29.5%	4.9%	-3.8%	-12.0%	4.8%	21.5%	21.51%
OCF 3Y	-5.9%	-13.2%	6.6%	19.3%	25.1%	30.4%	39.6%	28.9%	30.7%	32.4%	57.5%	49.5%	49.6%	62.6%	30.9%	31.5%	25.5%	16.9%	14.8%	10.3%	10.27%
OCF 5Y	-11.8%	-12.7%	1.6%	2.9%	2.6%	9.3%	12.3%	11.3%	13.2%	14.9%	17.6%	25.9%	33.9%	31.9%	33.5%	27.9%	24.7%	23.7%	35.6%	27.8%	27.80%
Assets 3Y	-0.3%	-0.3%	5.6%	5.6%	5.6%	5.6%	3.8%	3.8%	3.8%	3.8%	6.2%	6.2%	6.2%	6.2%	0.4%	0.4%	0.4%	0.4%	2.8%	2.8%	2.82%
Assets 5Y	3.2%	3.2%	4.6%	4.6%	4.6%	4.6%	2.5%	2.5%	2.5%	2.5%	3.7%	3.7%	3.7%	3.7%	3.1%	3.1%	3.1%	3.1%	4.4%	4.4%	4.38%
Equity 3Y	-0.8%	-0.8%	5.3%	5.3%	5.3%	5.3%	7.3%	7.3%	7.3%	7.3%	8.2%	8.2%	8.2%	8.2%	2.7%	2.7%	2.7%	2.7%	1.8%	1.8%	1.81%
Book Value 3Y	-1.2%	-7.8%	-5.4%	-5.7%	-5.7%	-5.7%	-3.8%	-3.3%	-2.2%	-2.1%	-1.2%	-1.2%	-0.7%	7.9%	6.0%	6.2%	6.5%	8.1%	7.4%	7.1%	7.06%
Dividend 3Y	—	—	—	—	—	—	—	—	—	—	—	—	—	57.5%	28.8%	29.1%	1.8%	3.4%	6.4%	15.6%	15.62%

Growth Quality

Metric	Q2'21	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	Current
Revenue Stability	0.57	0.67	0.64	0.62	0.60	0.68	0.79	0.80	0.80	0.82	0.90	0.92	0.91	0.94	0.98	0.99	0.93	0.92	0.93	0.89	0.894
Earnings Stability	0.50	0.37	0.72	0.25	0.01	0.00	0.11	0.33	0.61	0.55	0.56	0.75	0.87	0.83	0.77	0.89	0.93	0.88	0.80	0.88	0.881
Margin Stability	0.61	0.67	0.76	0.83	0.86	0.90	0.91	0.96	0.93	0.85	0.80	0.81	0.77	0.76	0.68	0.70	0.77	0.70	0.69	0.73	0.732
Rev. Growth Consistency	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	1.00	1.00	1.00	0.00	0.000
Earn. Growth Consistency	1.00	1.00	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	1.000
FCF Positive Streak	1	1	1	1	1	1	1	0	0	0	0	0	0	0	0	1	1	1	1	1	1
Earnings Persistence	0.20	0.20	0.50	0.20	0.50	0.50	0.20	0.20	0.50	0.50	0.50	0.50	0.83	0.96	0.98	0.98	0.97	0.89	0.93	0.92	0.918
Earnings Smoothness	—	—	—	—	0.90	0.00	—	—	0.00	0.00	0.58	0.38	0.65	0.91	0.96	0.95	0.93	0.77	0.84	0.81	0.814
ROE Trend	0.02	0.03	-0.02	-0.00	0.01	-0.00	0.06	0.04	0.04	0.06	0.06	0.06	0.04	0.04	0.01	0.02	0.01	0.02	0.01	0.01	0.015
Gross Margin Trend	-0.01	0.00	0.03	0.02	0.02	-0.00	-0.03	-0.01	0.02	0.08	0.10	0.10	0.09	0.08	0.14	0.12	0.08	0.12	0.02	0.01	0.009
FCF Margin Trend	0.01	-0.05	0.08	0.04	0.01	0.08	0.02	-0.28	-0.37	-0.33	-0.24	0.19	0.38	0.30	0.22	0.06	-0.02	-0.05	-0.04	0.05	0.053
Sustainable Growth Rate	0.8%	1.4%	—	—	0.7%	0.3%	4.7%	4.0%	5.1%	6.2%	6.4%	6.7%	5.8%	5.7%	6.0%	6.3%	6.2%	7.5%	7.0%	7.4%	7.37%
Internal Growth Rate	0.4%	0.7%	—	—	0.4%	0.1%	2.6%	2.2%	2.8%	3.4%	3.6%	3.8%	3.3%	3.2%	3.4%	3.6%	3.5%	4.3%	4.0%	4.2%	4.19%

Cash Flow Quality

Metric	Q2'21	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	Current
OCF/Net Income	8.44	3.97	-3.03	-14.65	14.25	44.94	2.53	3.10	2.54	2.14	2.12	2.14	2.66	2.74	2.46	2.50	2.24	1.93	2.05	1.73	1.734
FCF/OCF	0.97	0.94	0.96	0.96	0.96	0.97	0.68	-0.33	-0.60	-0.46	-0.10	0.73	1.00	0.91	0.80	0.35	0.26	0.18	0.26	0.75	0.746
FCF/Net Income	snapshot only																				1.294
OCF/EBITDA	snapshot only																				0.655
CapEx/Revenue	0.5%	0.8%	0.9%	0.9%	0.9%	0.8%	9.2%	38.0%	46.8%	43.7%	34.9%	8.9%	0.0%	3.7%	7.3%	25.0%	25.7%	28.3%	25.8%	8.3%	8.28%
CapEx/Depreciation	snapshot only																				0.377
Accruals Ratio	-0.03	-0.02	-0.06	-0.05	-0.05	-0.06	-0.04	-0.04	-0.04	-0.04	-0.04	-0.05	-0.06	-0.07	-0.06	-0.06	-0.05	-0.04	-0.05	-0.04	-0.036
Sloan Accruals	snapshot only																				0.007
Cash Flow Adequacy	snapshot only																				2.823
Earnings Quality Score	snapshot only																				1.000

Dividends & Buybacks

Metric	Q2'21	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	Current
Dividend Yield	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.3%	0.7%	0.7%	1.2%	1.3%	1.3%	1.5%	1.4%	1.3%	1.3%	1.5%	1.12%
Dividend/Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.05	$0.10	$0.10	$0.20	$0.21	$0.20	$0.20	$0.20	$0.21	$0.22	$0.29	$0.26
Payout Ratio	0.0%	0.0%	—	—	0.0%	0.0%	0.0%	0.0%	0.0%	4.9%	8.9%	8.5%	17.7%	17.7%	16.7%	15.8%	15.7%	13.2%	14.6%	17.5%	17.45%
FCF Payout Ratio	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	—	—	—	—	5.4%	6.7%	7.1%	8.4%	18.0%	26.6%	39.0%	27.2%	13.5%	13.48%
Total Payout Ratio	0.0%	0.0%	—	—	0.0%	0.0%	9.8%	73.7%	86.2%	75.9%	68.2%	33.4%	87.5%	87.5%	83.3%	80.5%	59.1%	69.9%	76.3%	1.3%	1.30%
Div. Increase Streak	—	—	—	—	—	—	—	—	—	0	0	0	0	1	1	1	0	0	1	1	1
Chowder Number	—	—	—	—	—	—	—	—	—	—	—	—	—	2.95	0.96	0.96	-0.04	-0.04	0.04	0.34	0.344
Buyback Yield	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.6%	3.2%	5.3%	5.0%	4.7%	1.9%	4.6%	5.1%	5.4%	6.3%	3.9%	5.7%	5.4%	9.6%	9.62%
Net Buyback Yield	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.6%	3.2%	5.3%	5.0%	4.7%	1.9%	4.6%	5.1%	5.4%	6.3%	3.9%	5.7%	5.4%	9.6%	9.62%
Total Shareholder Return	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.6%	3.2%	5.3%	5.3%	5.4%	2.6%	5.8%	6.4%	6.7%	7.8%	5.3%	7.0%	6.7%	11.1%	11.12%

DuPont Factors

Metric	Q2'21	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	Current
Tax Burden (NI/EBT)	0.78	0.84	1.14	2.40	0.62	0.39	0.88	0.85	0.86	0.86	0.90	0.88	0.86	0.87	0.87	0.89	0.91	0.89	0.85	0.85	0.853
Interest Burden (EBT/EBIT)	0.25	0.33	-556.06	-0.15	0.36	0.25	0.70	0.64	0.65	0.68	0.68	0.68	0.68	0.68	0.71	0.70	0.69	0.72	0.69	0.79	0.792
EBIT Margin	0.12	0.13	0.00	0.04	0.07	0.06	0.18	0.17	0.21	0.24	0.24	0.26	0.25	0.24	0.24	0.25	0.25	0.28	0.29	0.28	0.279
Asset Turnover	0.18	0.19	0.20	0.22	0.24	0.24	0.22	0.23	0.24	0.25	0.26	0.26	0.26	0.26	0.26	0.27	0.26	0.26	0.26	0.26	0.258
Equity Multiplier	1.97	1.97	1.95	1.95	1.95	1.95	1.87	1.87	1.87	1.87	1.83	1.83	1.83	1.83	1.83	1.83	1.83	1.83	1.83	1.83	1.834

Per Share

Metric	Q2'21	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	Current
EPS (Diluted TTM)	$0.14	$0.19	$-0.40	$-0.09	$0.09	$0.04	$0.69	$0.59	$0.78	$1.01	$1.11	$1.17	$1.13	$1.16	$1.22	$1.28	$1.27	$1.55	$1.51	$1.65	$1.65
Book Value/Share	$16.70	$13.50	$14.43	$14.37	$14.36	$14.36	$14.99	$15.23	$15.64	$15.70	$16.13	$16.14	$16.33	$16.95	$17.18	$17.20	$17.34	$18.14	$18.56	$18.69	$18.89
Tangible Book/Share	$16.70	$13.50	$14.43	$14.36	$14.35	$14.35	$14.99	$15.23	$15.64	$15.70	$16.12	$16.13	$16.33	$16.94	$17.17	$17.19	$17.34	$18.14	$18.56	$18.69	$18.69
Revenue/Share	$6.04	$5.19	$5.27	$5.68	$6.17	$6.22	$6.11	$6.42	$6.75	$7.19	$7.46	$7.44	$7.69	$8.03	$8.08	$8.33	$8.16	$8.70	$8.88	$8.78	$8.87
FCF/Share	$1.14	$0.70	$1.17	$1.23	$1.23	$1.56	$1.18	$-0.60	$-1.18	$-0.99	$-0.23	$1.84	$3.02	$2.90	$2.41	$1.13	$0.75	$0.53	$0.81	$2.14	$2.16
OCF/Share	$1.17	$0.75	$1.22	$1.27	$1.29	$1.61	$1.75	$1.84	$1.97	$2.15	$2.37	$2.50	$3.02	$3.19	$3.00	$3.21	$2.85	$2.99	$3.10	$2.87	$2.90
Cash/Share	$1.05	$0.85	$1.61	$1.60	$1.60	$1.60	$1.89	$1.92	$1.97	$1.98	$2.03	$2.03	$2.05	$2.13	$1.86	$1.86	$1.88	$1.96	$3.10	$3.12	$3.07
EBITDA/Share	$2.09	$1.85	$1.15	$1.55	$1.86	$1.94	$2.75	$2.74	$3.10	$3.44	$3.58	$3.72	$3.75	$3.85	$3.86	$3.96	$3.95	$4.38	$4.54	$4.38	$4.38
Debt/Share	$14.07	$11.37	$11.93	$11.87	$11.86	$11.87	$10.45	$10.62	$10.90	$10.95	$9.98	$9.99	$10.11	$10.49	$8.65	$8.66	$8.74	$9.14	$13.66	$13.76	$13.76
Net Debt/Share	$13.02	$10.52	$10.32	$10.28	$10.27	$10.27	$8.56	$8.70	$8.93	$8.97	$7.95	$7.96	$8.06	$8.36	$6.79	$6.80	$6.86	$7.17	$10.56	$10.64	$10.64

Academic Models

Metric	Q2'21	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	Current
Altman Z-Score	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	1.516
Altman Z-Prime	snapshot only																				2.515
Piotroski F-Score	6	7	5	4	6	5	6	8	8	8	8	8	8	7	7	6	6	7	8	7	7
Beneish M-Score	-2.00	-2.20	-2.50	-2.26	-2.42	-1.83	-2.75	-3.05	-3.06	-3.20	-2.31	-2.18	-2.38	-2.20	-3.08	-2.83	-2.59	-2.99	-2.25	-2.57	-2.571
Ohlson O-Score	snapshot only																				-7.847
ROIC (Greenblatt)	snapshot only																				9.11%
Net-Net WC	snapshot only																				$-11.08
EVA	snapshot only																				$-63339818.07

Credit

Metric	Q2'21	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	Current
Credit Rating	snapshot only																				BB
Credit Score	30.95	31.62	24.12	26.68	26.35	23.84	42.75	39.64	39.81	43.30	44.32	49.47	48.98	49.89	44.11	43.11	41.63	42.20	48.42	44.26	44.263
Credit Grade	snapshot only																				12
Credit Trend	snapshot only																				1.152
Implied Spread (bps)	snapshot only																				475.000
Industry Credit Rank	snapshot only																				43
Sector Credit Rank	snapshot only																				35

NVGS 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

Workforce & Productivity

Scaling Efficiency

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