Kodiak Gas Services, Inc.(KGS)Earnings, Financials & Key Ratios

KGS•NYSE

$71.40

$6.44B mkt cap·80.2× P/E·Price updated May 6, 2026

SectorEnergy IndustryOilfield Services Sub-IndustryProduction Equipment and Optimization

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$684M+34.2%
Net Income$81M+61.4%
EPS (Diluted)0.89+58.9%
Gross Margin42.2%+11.0%
EBITDA Margin52.3%+18.9%
Operating Margin31.18%+44.9%
Net Margin6.16%+43.0%
ROE6.23%+57.0%
ROIC11.61%+116.6%
Debt/Equity0.04-98.1%
Interest Coverage2.06+62.5%

Technical→

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 92 (top 8%)
✓High quality earnings: Operating CF exceeds net income
✓Strong 5Y sales CAGR of 19.7%

✗Weaknesses

✗Weak 3Y average ROE of 4.4%

* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.

KGS Price & Volume

Kodiak Gas Services, Inc. (KGS) stock price & volume — 10-year historical chart

Loading chart...

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%

TTM12.83%

Profit CAGR

10 Years-

5 Years-

3 Years-8.83%

TTM61.38%

EPS CAGR

10 Years-

5 Years-

3 Years-14.42%

TTM50.08%

Return on Capital

10 Years8.55%

5 Years8.22%

3 Years8.4%

Last Year10.14%

KGS Recent Earnings

Kodiak Gas Services, Inc. (KGS) EPS & revenue vs analyst estimates — last 4 quarters

Full history →

●Beat EPS 5/12 qtrs (45%)●Beat Revenue 5/12 qtrs (45%)

Q1 2026Latest

Feb 25, 2026

EPS

$0.40

Est $0.49

-18.8%

Revenue

$333M

Est $331M

+0.6%

Q4 2025

Nov 4, 2025

EPS

$0.36

Est $0.50

-28.0%

Revenue

$323M

Est $331M

-2.5%

Q3 2025

Aug 6, 2025

EPS

$0.49

Est $0.46

+6.5%

Revenue

$323M

Est $333M

-2.9%

Q2 2025

May 7, 2025

EPS

$0.42

Est $0.39

+7.7%

Revenue

$330M

Est $338M

-2.4%

Quarter	Date	EPS (Act vs Est)	Revenue (Act vs Est)
Q1 2026Latest	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%
Q2 2025	May 7, 2025	$0.42vs $0.39+7.7%	$330Mvs $338M-2.4%

Based on last 12 quarters of dataView full earnings history →

Company	Market Cap	Stock Price	P/E Ratio (TTM)	Revenue Growth 1Y	Net Margin	Return on Equity (ROE)	Debt / Equity
USACUSA Compression Partners, LPDirect Competitor	3.26B	27.00	31.76	5.01%	11.91%
AROCArchrock, Inc.Direct Competitor	6.85B	39.10	21.25	28.7%	21.45%	22.28%	1.62
PUMPProPetro Holding Corp.Product Competitor	1.93B	15.77	2021.79	-12.13%	-1.05%	-1.43%	0.30
NINENine Energy Service, Inc.Product Competitor	429.28M	9.90	-7.92	-100%	-7.17%
WTTRSelect Water Solutions, Inc.Product Competitor	1.78B	17.45	87.25	-3.08%	1.54%	2.21%	0.40
ACDCProFrac Holding Corp.Product Competitor	1.29B	7.13	-3.10	-11.37%	-18.89%	-38.16%	1.30
CATCaterpillar Inc.Supply Chain	431.16B	926.64	49.21	4.29%	13.31%	47.51%	2.03
GEGE AerospaceSupply Chain	319.54B	305.83	37.48	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.

Closest Rival

vs USAC

Most directly comparable listed peer for KGS.

Scale Benchmark

vs XOM

Larger-name benchmark to compare KGS against a more recognizable public peer.

Peer Set

Compare Top 5

vs USAC, AROC, PUMP, NINE

KGS Income Statement

Kodiak Gas Services, Inc. (KGS) annual income statement — 10-year revenue, gross profit & net income history

10Y historyFree accessUpdated daily

Line item	Dec'20	Dec'21	Dec'22	Dec'23	Dec'24	Dec'25
Sales/Revenue	532.42M	606.38M	707.91M	850.38M	1.16B	1.31B
Revenue Growth %	-	13.89%	16.75%	20.13%	36.33%	12.83%
Cost of Goods Sold	324.94M	370.22M	441.81M	533.74M	718.65M	756.11M
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%
Gross Margin %	38.97%	38.95%	37.59%	37.24%	38.01%	42.2%
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	144.07M
OpEx % of Revenue	7.33%	7.78%	6.22%	8.53%	16.49%	11.01%
Selling, General & Admin	39.04M	37.66M	44.88M	73.31M	151.68M	144.07M
SG&A % of Revenue	7.33%	6.21%	6.34%	8.62%	13.08%	11.01%
Research & Development	0	0	0	0	0	0
R&D % of Revenue	-	-	-	-	-	-
Other Operating Expenses	0	9.53M	-874K	-777K	39.53M	0
Operating Income	168.43M▲ 0%	188.96M▲ 12.2%	222.09M▲ 17.5%	244.11M▲ 9.9%	249.45M▲ 2.2%	407.92M▲ 63.5%
Operating Margin %	31.64%	31.16%	31.37%	28.71%	21.52%	31.18%
Operating Income Growth %	-	12.19%	17.54%	9.91%	2.19%	63.53%
EBITDA	314.06M	349M	396.55M	426.98M	509.72M	684.11M
EBITDA Margin %	58.99%	57.56%	56.02%	50.21%	43.97%	52.3%
EBITDA Growth %	-	11.12%	13.63%	7.67%	19.38%	34.21%
D&A (Non-Cash Add-back)	145.63M	160.04M	174.46M	182.87M	260.27M	276.19M
EBIT	118.77M	207.03M	305.22M	257.65M	273.05M	407.92M
Net Interest Income	-113.44M	-84.64M	-165.87M	-222.51M	-197.14M	-198.37M
Interest Income	0	0	0	0	0	0
Interest Expense	113.44M	84.64M	165.87M	222.51M	197.14M	198.37M
Other Income/Expense	-163.1M	-66.56M	-82.73M	-208.97M	-173.54M	-294.45M
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%
Pretax Margin %	1%	20.18%	19.69%	4.13%	6.55%	8.67%
Income Tax	7.52M	-58.57M	33.09M	15.07M	25.57M	31.88M
Effective Tax Rate %	140.96%	-47.86%	23.75%	42.89%	33.69%	28.1%
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%
Net Margin %	-0.41%	29.84%	15.01%	2.36%	4.3%	6.16%
Net Income Growth %	-	8382.06%	-41.28%	-81.12%	148.65%	61.38%
Net Income (Continuing)	-2.19M	180.96M	106.27M	20.07M	50.33M	81.59M
Discontinued Operations	0	0	0	0	0	0
Minority Interest	0	0	0	0	13.69M	4.91M
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%
EPS Growth %	-	8381.79%	-41.08%	-79.58%	93.1%	58.93%
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
Basic Shares Outstanding	75M	75M	75M	68.06M	83.09M	86.18M
Dividend Payout Ratio	-	0.63%	788.59%	359.28%	268.34%	-

KGS Balance Sheet

Kodiak Gas Services, Inc. (KGS) balance sheet — assets, liabilities & shareholders' equity

Line item	Dec'20	Dec'21	Dec'22	Dec'23	Dec'24	Dec'25
Total Current Assets	142.41M	164.15M	204.03M	230.96M	383.66M	323.14M
Cash & Short-Term Investments	24.11M	28.8M	20.43M	5.56M	4.75M	3.18M
Cash Only	24.11M	28.8M	20.43M	5.56M	4.75M	3.18M
Short-Term Investments	0	0	0	0	0	0
Accounts Receivable	65.28M	80.75M	101.11M	130.62M	261.21M	197.6M
Days Sales Outstanding	44.75	48.61	52.13	56.06	82.24	55.14
Inventory	45.38M	48.35M	72.16M	76.24M	103.34M	101.53M
Days Inventory Outstanding	50.98	47.67	59.61	52.14	52.49	49.01
Other Current Assets	2.34M	1.54M	4.68M	14.53M	14.36M	20.83M
Total Non-Current Assets	3.15B	2.85B	3B	3.01B	4.05B	3.99B
Property, Plant & Equipment	2.35B	2.4B	2.5B	2.57B	3.45B	3.43B
Fixed Asset Turnover	0.23x	0.25x	0.28x	0.33x	0.34x	0.38x
Goodwill	305.55M	305.55M	305.55M	305.55M	415.21M	408.68M
Intangible Assets	151.31M	141.84M	132.36M	122.89M	162.75M	154.47M
Long-Term Investments	151.31M	0	64.52M	14.26M	17.54M	0
Other Non-Current Assets	-150.97M	449K	564K	639K	1.49M	5.45M
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%
Asset Turnover	0.16x	0.20x	0.22x	0.26x	0.26x	0.30x
Asset Growth %	-	-8.62%	6.44%	1.2%	36.71%	-2.64%
Total Current Liabilities	1.64B	144.06M	188.97M	210.63M	319.37M	385.94M
Accounts Payable	33.41M	43.74M	52.07M	65.35M	58.67M	72.97M
Days Payables Outstanding	37.53	43.12	43.02	44.69	29.8	35.23
Short-Term Debt	1.51B	398K	3.09M	0	5.34M	0
Deferred Revenue (Current)	43.56M	51.2M	57.11M	63.71M	73.08M	0
Other Current Liabilities	39.61M	7.11M	4.67M	16.58M	17.06M	312.97M
Current Ratio	0.09x	1.14x	1.08x	1.10x	1.20x	0.84x
Quick Ratio	0.06x	0.80x	0.70x	0.73x	0.88x	0.57x
Cash Conversion Cycle	58.2	53.16	68.72	63.51	104.93	68.92
Total Non-Current Liabilities	897.55M	1.91B	2.79B	1.89B	2.74B	2.72B
Long-Term Debt	392.48M	1.85B	2.72B	1.79B	2.58B	43.8M
Capital Lease Obligations	0	0	6.75M	34.47M	53.26M	0
Deferred Tax Liabilities	437.33M	29.64M	57.16M	62.75M	103.83M	122.85M
Other Non-Current Liabilities	67.75M	32.71M	3.54M	2.15M	3.15M	2.56B
Total Liabilities	2.54B	2.05B	2.98B	2.1B	3.06B	3.11B
Total Debt	1.9B	1.85B	2.73B	1.83B	2.65B	43.8M
Net Debt	1.88B	1.82B	2.71B	1.82B	2.64B	40.62M
Debt / Equity	2.52x	1.92x	11.92x	1.60x	1.93x	0.04x
Debt / EBITDA	6.06x	5.29x	6.88x	4.28x	5.19x	0.06x
Net Debt / EBITDA	5.99x	5.20x	6.83x	4.26x	5.18x	0.06x
Interest Coverage	1.48x	2.23x	1.34x	1.10x	1.27x	2.06x
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%
Equity Growth %	-	27.11%	-76.14%	398.77%	20.21%	-11.74%
Book Value per Share	10.07	12.80	3.05	16.72	16.13	13.86
Total Shareholders' Equity	755.29M	960.07M	229.09M	1.14B	1.36B	1.21B
Common Stock	1K	1K	590K	774K	892K	903K
Retained Earnings	-92.98M	88.08M	195.31M	178.12M	93.64M	12.8M
Treasury Stock	0	0	0	0	-40M	0
Accumulated OCI	0	0	0	0	0	-1.59M
Minority Interest	0	0	0	0	13.69M	4.91M

KGS Cash Flow Statement

Kodiak Gas Services, Inc. (KGS) cash flow — operating, investing & free cash flow history

Line item	Dec'20	Dec'21	Dec'22	Dec'23	Dec'24	Dec'25
Cash from Operations	243.98M	249.98M	219.85M	266.33M	327.99M	599.74M
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%
Net Income	-2.19M	180.96M	106.27M	20.07M	50.33M	81.59M
Depreciation & Amortization	145.63M	166.99M	174.46M	182.87M	260.27M	276.19M
Stock-Based Compensation	0	1.22M	971K	5.91M	17.66M	24.53M
Deferred Taxes	5.54M	0	27.3M	7.86M	15.43M	25.66M
Other Non-Cash Items	62.5M	-92.8M	-71.11M	72.09M	62.69M	104.73M
Working Capital Changes	32.49M	-6.39M	-18.05M	-22.48M	-78.39M	87.05M
Change in Receivables	-1.06M	-14.94M	-20.44M	-36.61M	-93.04M	43.76M
Change in Inventory	-3.74M	-2.97M	-24.3M	-4.58M	-1.34M	124K
Change in Payables	-2.85M	-2.78M	-1.52M	10.17M	4.97M	5.17M
Cash from Investing	-296.38M	-202.03M	-251.38M	-218.42M	-292.47M	-285.29M
Capital Expenditures	-297.39M	-201.93M	-259.35M	-219.79M	-336.96M	-315.47M
CapEx % of Revenue	55.86%	33.3%	36.64%	25.85%	29.07%	24.12%
Acquisitions	1.04M	0	8.08M	1.45M	9.46M	0
Investments	-	-	-	-	-	-
Other Investing	-28K	-100K	8.07M	-75K	35.03M	30.18M
Cash from Financing	73.71M	-43.25M	23.17M	-62.77M	-36.33M	-316.02M
Debt Issued (Net)	73.71M	-65.24M	888.99M	-256.65M	142.47M	-47.15M
Equity Issued (Net)	0	0	0	1000K	-1000K	-1000K
Dividends Paid	0	-1.13M	-838M	-72.09M	-133.89M	-159.56M
Share Repurchases	0	0	0	0	-42.77M	-103.97M
Other Financing	0	23.11M	-27.82M	-11.87M	-2.15M	-5.34M
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%
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%
FCF Margin %	-10.03%	7.92%	-5.58%	5.47%	-0.77%	21.73%
FCF Growth %	-	189.95%	-182.22%	217.79%	-119.28%	3269.45%
FCF per Share	-0.71	0.64	-0.53	0.68	-0.11	3.25
FCF Conversion (FCF/Net Income)	-111.66x	1.38x	2.07x	13.27x	6.57x	7.45x
Interest Paid	0	119.89M	143.44M	216.65M	147.14M	0
Taxes Paid	0	1.85M	2.18M	9.76M	14.66M	0

KGS Key Ratios

Kodiak Gas Services, Inc. (KGS) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios

Metric	2020	2021	2022	2023	2024	2025
Return on Equity (ROE)	-0.29%	21.1%	17.87%	2.93%	3.97%	6.23%
Return on Invested Capital (ROIC)	4.79%	5.24%	5.83%	6.2%	5.36%	11.61%
Gross Margin	38.97%	38.95%	37.59%	37.24%	38.01%	42.2%
Net Margin	-0.41%	29.84%	15.01%	2.36%	4.3%	6.16%
Debt / Equity	2.52x	1.92x	11.92x	1.60x	1.93x	0.04x
Interest Coverage	1.48x	2.23x	1.34x	1.10x	1.27x	2.06x
FCF Conversion	-111.66x	1.38x	2.07x	13.27x	6.57x	7.45x
Revenue Growth	-	13.89%	16.75%	20.13%	36.33%	12.83%

KGS SEC Filings & Documents

Kodiak Gas Services, Inc. (KGS) SEC filings — annual & quarterly reports (10-K, 10-Q)

8-K Announcements

Material company update

Apr 2, 2026·SEC

Material company update

Mar 24, 2026·SEC

Material company update

Mar 12, 2026·SEC

10-K Annual Reports

FY 2026

Feb 26, 2026·SEC

FY 2025

Mar 7, 2025·SEC

10-Q Quarterly Reports

FY 2025

Nov 5, 2025·SEC

FY 2025

Aug 7, 2025·SEC

FY 2025

May 8, 2025·SEC

KGS Frequently Asked Questions

Kodiak Gas Services, Inc. (KGS) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials

Kodiak Gas Services, Inc. (KGS) reported $1.31B in revenue for fiscal year 2025. This represents a 146% 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 $80.5M 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 2.55%. 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 $284.3M in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

Explore More KGS

Kodiak Gas Services, Inc. (KGS) financial analysis — history, returns, DCA and operating performance tools

Total Return Calculator

Historical returns with dividends reinvested

→

DCA Calculator

Dollar cost averaging vs lump sum

→

Dividend History

Yield, growth, payout safety & DRIP

→

Earnings History

EPS trends, net income & profitability

→

Price History

Long-term charts & historical price data

→

Revenue History

Sales growth patterns & revenue breakdown

→

Financial Ratios

30 years of market, efficiency and balance-sheet ratios

→

Valuation

DCF intrinsic value, peer multiples & estimates

→

Kodiak Gas Services, Inc.(KGS)Earnings, Financials & Key Ratios

KGS Key Insights

✓Strengths

✗Weaknesses

KGS Price & Volume

KGS Growth Metrics

Revenue CAGR

Profit CAGR

EPS CAGR

Return on Capital

KGS Recent Earnings

KGS Peer Comparison

Compare KGS vs Peers

vs USAC

vs XOM

Compare Top 5

KGS Income Statement

KGS Balance Sheet

KGS Cash Flow Statement

KGS Key Ratios

KGS SEC Filings & Documents

8-K Announcements

10-K Annual Reports

10-Q Quarterly Reports

KGS Frequently Asked Questions

Explore More KGS

Total Return Calculator

DCA Calculator

Dividend History

Earnings History

Price History

Revenue History

Financial Ratios

Valuation