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Kodiak Gas Services, Inc.(KGS)Earnings, Financials & Key Ratios
KGS•NYSE
77.7× P/E·Price updated Jun 19, 2026
AboutKodiak Gas Services, Inc. operates contract compression infrastructure for customers in the oil and gas industry in the United States. It operates in two segments, Compression Operations and Other Services. The Compression Operations segment operates company-owned and customer-owned compression infrastructure to enable the production, gathering, and transportation of natural gas and oil. The Other Services segment provides a range of contract services, including station construction, maintenance and overhaul, and other ancillary time and material-based offerings. The company was formerly known as Frontier TopCo, Inc. Kodiak Gas Services, Inc. was founded in 2010 and is based in Montgomery, Texas. Kodiak Gas Services, Inc. operates as a subsidiary of Frontier Topco Partnership, L.P.Show more
- Revenue$1.31B+12.8%
- EBITDA$693M+36.0%
- Net Income$81M+61.4%
- EPS (Diluted)0.89+58.9%
- Gross Margin42.2%+11.0%
- EBITDA Margin53%+20.6%
- Operating Margin31.69%+47.3%
- Net Margin6.16%+43.0%
- ROE6.23%+57.0%
KGS Key Insights
Kodiak Gas Services, Inc. (KGS) fundamental analysis — strengths, weaknesses & financial health based on data analysis
✓Strengths
- ✓Company is almost debt free
- ✓Strong Piotroski F-Score: 7/9
- ✓FCF machine: 21.7% free cash flow margin
- ✓Momentum leader: RS Rating 90 (top 10%)
- ✓High quality earnings: Operating CF exceeds net income
- ✓Strong 5Y sales CAGR of 19.7%
✗Weaknesses
- ✗Weak 3Y average ROE of 4.4%
- ✗Dividend payout exceeds 100% of earnings
* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.
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KGS Price & Volume
Kodiak Gas Services, Inc. (KGS) stock price & volume — 10-year historical chart
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KGS Growth Metrics
Kodiak Gas Services, Inc. (KGS) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years-
5 Years19.7%
3 Years22.71%
TTM3.99%
Profit CAGR
10 Years-
5 Years-
3 Years-8.83%
TTM35.63%
EPS CAGR
10 Years-
5 Years-
3 Years-14.42%
TTM42.59%
Return on Capital
10 Years8.57%
5 Years8.25%
3 Years8.45%
Last Year10.3%
KGS Recent Earnings
Kodiak Gas Services, Inc. (KGS) EPS & revenue vs analyst estimates — last 4 quarters
●Beat EPS 5/12 qtrs (42%)●Beat Revenue 6/12 qtrs (50%)
Q2 2026Latest
May 11, 2026Metric
Actual
Est
EPS
$0.20-62.5%
$0.53
Rev
$346M+1.6%
$340M
Q1 2026
Feb 25, 2026Metric
Actual
Est
EPS
$0.40-18.8%
$0.49
Rev
$333M+0.6%
$331M
Q4 2025
Nov 4, 2025Metric
Actual
Est
EPS
$0.36-28.0%
$0.50
Rev
$323M-2.5%
$331M
Q3 2025
Aug 6, 2025Metric
Actual
Est
EPS
$0.49+6.5%
$0.46
Rev
$323M-2.9%
$333M
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | May 11, 2026 | $0.20vs $0.53-62.5% | $346Mvs $340M+1.6% |
| Q1 2026 | Feb 25, 2026 | $0.40vs $0.49-18.8% | $333Mvs $331M+0.6% |
| Q4 2025 | Nov 4, 2025 | $0.36vs $0.50-28.0% | $323Mvs $331M-2.5% |
| Q3 2025 | Aug 6, 2025 | $0.49vs $0.46+6.5% | $323Mvs $333M-2.9% |
Based on last 12 quarters of dataView full earnings history →
KGS Peer Comparison
Kodiak Gas Services, Inc. (KGS) competitors in Production Equipment and Optimization — business model, growth, and fundamentals comparison
| Company | Market Cap | Stock Price | P/E Ratio (TTM) | Revenue Growth 1Y | Net Margin | Return on Equity (ROE) | FCF Yield | Debt / Equity |
|---|---|---|---|---|---|---|---|---|
 USAC | 3.03B | 25.06 | 29.48 | 5.01% | 11.91% | 6.51% | ||
 AROC | 6.48B | 36.97 | 20.09 | 28.7% | 21.45% | 22.28% | 1.62 | |
 PUMP | 1.81B | 14.75 | 1891.03 | -12.13% | -1.05% | -1.43% | 0.30 | |
 NINE | 487.25M | 11.25 | -9 | 1.41% | 11.52% | |||
 WTTR | 1.99B | 17.70 | 88.50 | -3.08% | 1.54% | 2.21% | 0.40 | |
 ACDC | 1.1B | 6.07 | -2.64 | -11.37% | -24.17% | -48.48% | 1.30 | |
 CAT | 458.69B | 985.82 | 52.35 | 4.29% | 13.31% | 47.51% | 2.03 | |
 GE | 373.67B | 357.64 | 43.83 | 18.48% | 17.91% | 45.85% | 1.08 |
Compare KGS vs Peers
Kodiak Gas Services, Inc. (KGS) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
KGS Income Statement
Kodiak Gas Services, Inc. (KGS) annual income statement — 10-year revenue, gross profit & net income history
10Y historyFree accessUpdated daily
| Metric | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|
Sales/Revenue | 532.42M | 606.38M | 707.91M | 850.38M | 1.16B | 1.31B | 1.32B |
Revenue Growth % | - | 13.89% | 16.75% | 20.13% | 36.33% | 12.83% | 3.99% |
Cost of Goods Sold | 324.94M | 370.22M | 441.81M | 533.74M | 718.65M | 756.11M | 748.68M |
COGS % of Revenue | 61.03% | 61.06% | 62.41% | 62.76% | 61.99% | 57.8% | - |
Gross Profit | 207.47M▲ 0% | 236.15M▲ 13.8% | 266.1M▲ 12.7% | 316.64M▲ 19.0% | 440.66M▲ 39.2% | 551.99M▲ 25.3% | 575.54M▲ 0% |
Gross Margin % | 38.97% | 38.95% | 37.59% | 37.24% | 38.01% | 42.2% | 43.46% |
Gross Profit Growth % | - | 13.82% | 12.68% | 18.99% | 39.17% | 25.26% | - |
Operating Expenses | 39.04M | 47.2M | 44.01M | 72.53M | 191.21M | 137.47M | 145.12M |
OpEx % of Revenue | 7.33% | 7.78% | 6.22% | 8.53% | 16.49% | 10.51% | - |
Selling, General & Admin | 39.04M | 37.66M | 44.88M | 73.31M | 151.68M | 137.47M | 145.12M |
SG&A % of Revenue | 7.33% | 6.21% | 6.34% | 8.62% | 13.08% | 10.51% | - |
Research & Development | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
R&D % of Revenue | - | - | - | - | - | - | - |
Other Operating Expenses | 0 | 9.53M | -874K | -777K | 39.53M | 0 | 0 |
Operating Income | 168.43M▲ 0% | 188.96M▲ 12.2% | 222.09M▲ 17.5% | 244.11M▲ 9.9% | 249.45M▲ 2.2% | 414.52M▲ 66.2% | 430.42M▲ 0% |
Operating Margin % | 31.64% | 31.16% | 31.37% | 28.71% | 21.52% | 31.69% | 32.5% |
Operating Income Growth % | - | 12.19% | 17.54% | 9.91% | 2.19% | 66.17% | - |
EBITDA | 314.06M | 349M | 396.55M | 426.98M | 509.72M | 693.34M | 704.76M |
EBITDA Margin % | 58.99% | 57.56% | 56.02% | 50.21% | 43.97% | 53% | 53.22% |
EBITDA Growth % | - | 11.12% | 13.63% | 7.67% | 19.38% | 36.02% | 22.84% |
D&A (Non-Cash Add-back) | 145.63M | 160.04M | 174.46M | 182.87M | 260.27M | 278.82M | 274.34M |
EBIT | 118.77M | 207.03M | 305.22M | 257.65M | 273.05M | 414.52M | 430.42M |
Net Interest Income | -113.44M | -84.64M | -165.87M | -222.51M | -197.14M | -198.37M | -199.89M |
Interest Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Interest Expense | 113.44M | 84.64M | 165.87M | 222.51M | 197.14M | 198.37M | 199.89M |
Other Income/Expense | -163.1M | -66.56M | -82.73M | -208.97M | -173.54M | -301.05M | -337.89M |
Pretax Income | 5.33M▲ 0% | 122.39M▲ 2194.5% | 139.36M▲ 13.9% | 35.14M▼ 74.8% | 75.91M▲ 116.0% | 113.47M▲ 49.5% | 92.53M▲ 0% |
Pretax Margin % | 1% | 20.18% | 19.69% | 4.13% | 6.55% | 8.67% | 6.99% |
Income Tax | 7.52M | -58.57M | 33.09M | 15.07M | 25.57M | 31.88M | 24.12M |
Effective Tax Rate % | 140.96% | -47.86% | 23.75% | 42.89% | 33.69% | 28.1% | 26.07% |
Net Income | -2.19M▲ 0% | 180.96M▲ 8382.1% | 106.27M▼ 41.3% | 20.07M▼ 81.1% | 49.9M▲ 148.7% | 80.52M▲ 61.4% | 67.92M▲ 0% |
Net Margin % | -0.41% | 29.84% | 15.01% | 2.36% | 4.3% | 6.16% | 5.13% |
Net Income Growth % | - | 8382.06% | -41.28% | -81.12% | 148.65% | 61.38% | 35.63% |
Net Income (Continuing) | -2.19M | 180.96M | 106.27M | 20.07M | 50.33M | 81.59M | 68.41M |
Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Minority Interest | 0 | 0 | 0 | 0 | 13.69M | 4.91M | 3.6M |
EPS (Diluted) | -0.03▲ 0% | 2.41▲ 8381.8% | 1.42▼ 41.1% | 0.29▼ 79.6% | 0.56▲ 93.1% | 0.89▲ 58.9% | 0.78▲ 0% |
EPS Growth % | - | 8381.79% | -41.08% | -79.58% | 93.1% | 58.93% | 42.59% |
EPS (Basic) | -0.03 | 2.41 | 1.42 | 0.29 | 0.60 | 0.92 | - |
Diluted Shares Outstanding | 75M | 75M | 75M | 68.33M | 85.17M | 87.48M | 87.5M |
Basic Shares Outstanding | 75M | 75M | 75M | 68.06M | 83.09M | 86.18M | 85.94M |
Dividend Payout Ratio | - | 0.63% | 788.59% | 359.28% | 268.34% | 198.16% | - |
KGS Balance Sheet
Kodiak Gas Services, Inc. (KGS) balance sheet — assets, liabilities & shareholders' equity
| Metric | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|
Total Current Assets | 142.41M | 164.15M | 204.03M | 230.96M | 383.66M | 323.14M | 459.54M |
Cash & Short-Term Investments | 24.11M | 28.8M | 20.43M | 5.56M | 4.75M | 3.18M | 94.36M |
Cash Only | 24.11M | 28.8M | 20.43M | 5.56M | 4.75M | 3.18M | 94.36M |
Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Accounts Receivable | 65.28M | 80.75M | 101.11M | 130.62M | 261.21M | 197.6M | 238.38M |
Days Sales Outstanding | 44.75 | 48.61 | 52.13 | 56.06 | 82.24 | 55.14 | 61.1 |
Inventory | 45.38M | 48.35M | 72.16M | 76.24M | 103.34M | 101.53M | 103.93M |
Days Inventory Outstanding | 50.98 | 47.67 | 59.61 | 52.14 | 52.49 | 49.01 | 49.69 |
Other Current Assets | 2.34M | 1.54M | 4.68M | 14.53M | 14.36M | 20.83M | 22.88M |
Total Non-Current Assets | 3.15B | 2.85B | 3B | 3.01B | 4.05B | 3.99B | 4.04B |
Property, Plant & Equipment | 2.35B | 2.4B | 2.5B | 2.57B | 3.45B | 3.43B | 3.47B |
Fixed Asset Turnover | 0.23x | 0.25x | 0.28x | 0.33x | 0.34x | 0.38x | 0.38x |
Goodwill | 305.55M | 305.55M | 305.55M | 305.55M | 415.21M | 408.68M | 408.68M |
Intangible Assets | 151.31M | 141.84M | 132.36M | 122.89M | 162.75M | 154.47M | 149.51M |
Long-Term Investments | 151.31M | 0 | 64.52M | 14.26M | 17.54M | 0 | 11.13M |
Other Non-Current Assets | -150.97M | 449K | 564K | 639K | 1.49M | 5.45M | 7.52M |
Total Assets | 3.3B▲ 0% | 3.01B▼ 8.6% | 3.21B▲ 6.4% | 3.24B▲ 1.2% | 4.44B▲ 36.7% | 4.32B▼ 2.6% | 4.49B▲ 0% |
Asset Turnover | 0.16x | 0.20x | 0.22x | 0.26x | 0.26x | 0.30x | 0.30x |
Asset Growth % | - | -8.62% | 6.44% | 1.2% | 36.71% | -2.64% | -5.42% |
Total Current Liabilities | 1.64B | 144.06M | 188.97M | 210.63M | 319.37M | 385.94M | 359.97M |
Accounts Payable | 33.41M | 43.74M | 52.07M | 65.35M | 58.67M | 72.97M | 71.83M |
Days Payables Outstanding | 37.53 | 43.12 | 43.02 | 44.69 | 29.8 | 35.23 | 33.05 |
Short-Term Debt | 1.51B | 398K | 3.09M | 0 | 5.34M | 0 | 0 |
Deferred Revenue (Current) | 43.56M | 51.2M | 57.11M | 63.71M | 73.08M | 0 | 153.86M |
Other Current Liabilities | 39.61M | 7.11M | 4.67M | 16.58M | 17.06M | 312.97M | 288.14M |
Current Ratio | 0.09x | 1.14x | 1.08x | 1.10x | 1.20x | 0.84x | 1.28x |
Quick Ratio | 0.06x | 0.80x | 0.70x | 0.73x | 0.88x | 0.57x | 0.99x |
Cash Conversion Cycle | 58.2 | 53.16 | 68.72 | 63.51 | 104.93 | 68.92 | 77.74 |
Total Non-Current Liabilities | 897.55M | 1.91B | 2.79B | 1.89B | 2.74B | 2.72B | 2.96B |
Long-Term Debt | 392.48M | 1.85B | 2.72B | 1.79B | 2.58B | 43.8M | 45.9M |
Capital Lease Obligations | 0 | 0 | 6.75M | 34.47M | 53.26M | 0 | 95.61M |
Deferred Tax Liabilities | 437.33M | 29.64M | 57.16M | 62.75M | 103.83M | 122.85M | 476.7M |
Other Non-Current Liabilities | 67.75M | 32.71M | 3.54M | 2.15M | 3.15M | 2.56B | 2.79B |
Total Liabilities | 2.54B | 2.05B | 2.98B | 2.1B | 3.06B | 3.11B | 3.32B |
Total Debt | 1.9B | 1.85B | 2.73B | 1.83B | 2.65B | 43.8M | 45.9M |
Net Debt | 1.88B | 1.82B | 2.71B | 1.82B | 2.64B | 40.62M | -48.47M |
Debt / Equity | 2.52x | 1.92x | 11.92x | 1.60x | 1.93x | 0.04x | 0.04x |
Debt / EBITDA | 6.06x | 5.29x | 6.88x | 4.28x | 5.19x | 0.06x | 0.07x |
Net Debt / EBITDA | 5.99x | 5.20x | 6.83x | 4.26x | 5.18x | 0.06x | -0.07x |
Interest Coverage | 1.05x | 2.45x | 1.84x | 1.16x | 1.39x | 2.09x | 2.15x |
Total Equity | 755.29M▲ 0% | 960.07M▲ 27.1% | 229.09M▼ 76.1% | 1.14B▲ 398.8% | 1.37B▲ 20.2% | 1.21B▼ 11.7% | 1.18B▲ 0% |
Equity Growth % | - | 27.11% | -76.14% | 398.77% | 20.21% | -11.74% | -42.82% |
Book Value per Share | 10.07 | 12.80 | 3.05 | 16.72 | 16.13 | 13.86 | 13.47 |
Total Shareholders' Equity | 755.29M | 960.07M | 229.09M | 1.14B | 1.36B | 1.21B | 1.18B |
Common Stock | 1K | 1K | 590K | 774K | 892K | 903K | 908K |
Retained Earnings | -92.98M | 88.08M | 195.31M | 178.12M | 93.64M | 12.8M | -12.42M |
Treasury Stock | 0 | 0 | 0 | 0 | -40M | 0 | 0 |
Accumulated OCI | 0 | 0 | 0 | 0 | 0 | -1.59M | -99K |
Minority Interest | 0 | 0 | 0 | 0 | 13.69M | 4.91M | 3.6M |
KGS Cash Flow Statement
Kodiak Gas Services, Inc. (KGS) cash flow — operating, investing & free cash flow history
| Metric | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|
Cash from Operations | 243.98M | 249.98M | 219.85M | 266.33M | 327.99M | 599.74M | 556.59M |
Operating CF Margin % | 45.82% | 41.23% | 31.06% | 31.32% | 28.29% | 45.85% | - |
Operating CF Growth % | - | 2.46% | -12.05% | 21.14% | 23.15% | 82.85% | 280.49% |
Net Income | -2.19M | 180.96M | 106.27M | 20.07M | 50.33M | 81.59M | 67.92M |
Depreciation & Amortization | 145.63M | 166.99M | 174.46M | 182.87M | 260.27M | 276.19M | 274.34M |
Stock-Based Compensation | 0 | 1.22M | 971K | 5.91M | 17.66M | 24.53M | 23.44M |
Deferred Taxes | 5.54M | 0 | 27.3M | 7.86M | 15.43M | 25.66M | 21.36M |
Other Non-Cash Items | 62.5M | -92.8M | -71.11M | 72.09M | 62.69M | 104.73M | 132.5M |
Working Capital Changes | 32.49M | -6.39M | -18.05M | -22.48M | -78.39M | 87.05M | 36.6M |
Change in Receivables | -1.06M | -14.94M | -20.44M | -36.61M | -93.04M | 46.14M | 14M |
Change in Inventory | -3.74M | -2.97M | -24.3M | -4.58M | -1.34M | 1.07M | -4.74M |
Change in Payables | -2.85M | -2.78M | -1.52M | 10.17M | 4.97M | 5.17M | 2.95M |
Cash from Investing | -296.38M | -202.03M | -251.38M | -218.42M | -292.47M | -285.29M | -332.02M |
Capital Expenditures | -297.39M | -201.93M | -259.35M | -219.79M | -336.96M | -315.47M | -356.29M |
CapEx % of Revenue | 55.86% | 33.3% | 36.64% | 25.85% | 29.07% | 24.12% | 26.91% |
Acquisitions | 1.04M | 0 | 8.08M | 1.45M | 9.46M | 0 | 0 |
Investments | - | - | - | - | - | - | - |
Other Investing | -28K | -100K | 8.07M | -75K | 35.03M | 30.18M | 24.27M |
Cash from Financing | 73.71M | -43.25M | 23.17M | -62.77M | -36.33M | -316.02M | -132.16M |
Debt Issued (Net) | 73.71M | -65.24M | 888.99M | -256.65M | 142.47M | -47.15M | 197.78M |
Equity Issued (Net) | 0 | 0 | 0 | 277.84M | -42.77M | -103.97M | -94.01M |
Dividends Paid | 0 | -1.13M | -838M | -72.09M | -133.89M | -159.56M | -165.72M |
Share Repurchases | 0 | 0 | 0 | 0 | -42.77M | -103.97M | -94.01M |
Other Financing | 0 | 23.11M | -27.82M | -11.87M | -2.15M | -5.34M | -70.22M |
Net Change in Cash | 21.31M▲ 0% | 4.69M▼ 78.0% | -8.36M▼ 278.3% | -14.87M▼ 77.8% | -812K▲ 94.5% | -1.57M▼ 93.5% | 92.41M▲ 0% |
Free Cash Flow | -53.41M▲ 0% | 48.04M▲ 189.9% | -39.5M▼ 182.2% | 46.53M▲ 217.8% | -8.97M▼ 119.3% | 284.27M▲ 3269.5% | 200.31M▲ 0% |
FCF Margin % | -10.03% | 7.92% | -5.58% | 5.47% | -0.77% | 21.73% | 15.13% |
FCF Growth % | - | 189.95% | -182.22% | 217.79% | -119.28% | 3269.45% | 450.03% |
FCF per Share | -0.71 | 0.64 | -0.53 | 0.68 | -0.11 | 3.25 | 2.29 |
FCF Conversion (FCF/Net Income) | -111.66x | 1.38x | 2.07x | 13.27x | 6.57x | 7.45x | 2.95x |
Interest Paid | 0 | 119.89M | 143.44M | 216.65M | 147.14M | 0 | 29.75M |
Taxes Paid | 0 | 1.85M | 2.18M | 9.76M | 14.66M | 0 | 4.91M |
KGS Key Ratios
Kodiak Gas Services, Inc. (KGS) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 | TTM |
|---|---|---|---|---|---|---|
Return on Equity (ROE) | 21.1% | 17.87% | 2.93% | 3.97% | 6.23% | 5.44% |
Return on Invested Capital (ROIC) | 5.24% | 5.83% | 6.2% | 5.36% | 11.8% | 12.59% |
Gross Margin | 38.95% | 37.59% | 37.24% | 38.01% | 42.2% | 43.46% |
Net Margin | 29.84% | 15.01% | 2.36% | 4.3% | 6.16% | 5.13% |
Debt / Equity | 1.92x | 11.92x | 1.60x | 1.93x | 0.04x | 0.04x |
Interest Coverage | 2.45x | 1.84x | 1.16x | 1.39x | 2.09x | 2.15x |
FCF Conversion | 1.38x | 2.07x | 13.27x | 6.57x | 7.45x | 2.95x |
Revenue Growth | 13.89% | 16.75% | 20.13% | 36.33% | 12.83% | 3.99% |
Related:KGS Dividend History·KGS Revenue History·KGS Price History·KGS P/E History·KGS Financial Ratios·KGS Institutional Holders
KGS SEC Filings & Documents
Kodiak Gas Services, Inc. (KGS) SEC filings — annual & quarterly reports (10-K, 10-Q)
KGS Frequently Asked Questions
Kodiak Gas Services, Inc. (KGS) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
Kodiak Gas Services, Inc. (KGS) reported $1.32B in revenue for fiscal year 2025. This represents a 149% increase from $532.4M in 2020.
Kodiak Gas Services, Inc. (KGS) grew revenue by 12.8% over the past year. This is steady growth.
Yes, Kodiak Gas Services, Inc. (KGS) is profitable, generating $67.9M in net income for fiscal year 2025 (6.2% net margin).
Dividend & Returns
Yes, Kodiak Gas Services, Inc. (KGS) pays a dividend with a yield of 2.64%. This makes it attractive for income-focused investors.
Kodiak Gas Services, Inc. (KGS) has a return on equity (ROE) of 6.2%. This is below average, suggesting room for improvement.
Kodiak Gas Services, Inc. (KGS) generated $200.3M in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.