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KGSKodiak Gas Services, Inc.
$53.56$5.5B
Overview & Tools
OverviewChart Terminal ↗Visualize
Valuation & Forecasts
Valuation ModelsEstimatesDCF Model
Price & Analyst Data
Analyst TargetsPrice History
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Income StatementBalance SheetCash FlowRatios & Margins
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Discovery & Screens
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KGS logo

Kodiak Gas Services, Inc.

KGS
NYSE · Oilfield Services
$53.56
At close - Oct 1, 4:00 PM EDT - USD
Market Cap$5.41B
P/E60.2x
52W High$77.68
Volume990.18K
OverviewTerminalAnalysisFinancialsValuationEarningsBreakoutsOwnership
VCP Research Verdict2026Q2

Accelerating Revenue Growth Amidst Heavy Capex

Kodiak Gas Services is experiencing accelerating revenue growth, with 2026Q2 revenue up 21.1% YoY to $391.1M, and gross margin expansion to 44.6% in 2026Q1, reflecting strong pricing power and operational leverage. The company has dramatically deleveraged, wit...

GrowthAccelerating
ProfitabilityStrong
ValuationAttractive
TechnicalsWeak
Explore valuation models
MARKET ACTION

KGS price & volume

Price trend, volume and key moving averages

Launch Terminal
Loading chart...
Decision Checklist4 Core Signals

What matters now

The signals most likely to change the investment case.

01

Earnings momentum

5/12 Beats

EPS beat 5 of last 12 quarters

02

Valuation risk

+151% Peers

P/E is 151% above peer median

03

Market leadership

RS 47 · Lag

Laggard (Underperforming 53% of market)

04

Weak Trend

Below 200DMA

Price < 200DMA

Next CatalystEstimated earnings · Nov 6
01

Build the investment case

Start with the evidence for owning the stock and the risks that can break the thesis.

EXECUTIVE THESIS

The Investment Case

Full Analysis
Fundamental Trajectory

Revenue accelerated 21.1% YoY to $391.1M in 2026Q2, with gross margin expanding from 36.5% in 2024Q2 to 44.6% in 2026Q1, and operating margin reaching 31.8% in 2026Q2, though net income remains volatile.

Analyst Consensus+52.5% target
Buy(10 analysts)
9 Buy1 Hold0 Sell

The Bull Case

Upside Catalysts

Natural gas price upside

A bull case could see +14% one-year growth if natural gas prices rise unexpectedly, accelerating drilling activity.

High-margin contract services

Contract Services generated $1.181B of 2025 revenue and $807.8M of adjusted gross margin, serving as a high-margin core business.

Distributed Power expansion

Management raised 2026 adjusted EBITDA guidance to $820M-$860M after acquiring Distributed Power Solutions (DPS), adding a new growth segment.

The Bear Case

Key Downside Risks

Market performance

Price History →

Trailing total returns as of 10/3/2026, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC).

YTD Return
KGS+46.20%
S&P 500 (^GSPC)+11.83%
1-Year Return
KGS+51.20%
S&P 500 (^GSPC)+14.29%
3-Year Return
KGS+236.71%
S&P 500 (^GSPC)+81.02%
5-Year Return
KGS+274.46%
S&P 500 (^GSPC)+78.01%
02

Test the fundamentals

Check whether operating performance supports the current valuation.

VALUATION & INTRINSIC VALUE

Valuation Scenarios

Valuation Analysis
Trailing P/EMedian
61.0x
Forward P/EExpansion
26.1x
EV/EBITDA67th %ile
8.0x
FCF YieldCash Flow
5.2%

Valuation vs 5-Year History

Multiple Range
Metric
Current
5Y Median
Historical Range
Percentile
P/E
61.0x
69.2x
33rd· Fair
EV/EBITDA
8.0x
7.5x
67th· Fair
Price/FCF
19.3x
29.5x
50th· Fair
Current Multiple
5Y Median (50th %ile)

Intrinsic Value Scenarios

DCF Projection
Bear$76.33+42.5%
Base (Fair)$110.42+103.2%
Bull$157.33+193.7%
$76.33 Bear$110.42 Base$157.33 Bull
Current Market Price: $53.56
Trades at a 51.5% discount to Base DCF ($110.42)
Open DCF & Valuation Models →Chart Terminal ↗

Growth & profitability

Annual revenue & EPS trend
Revenue
$1.31B+12.8% YoY
Net income
$81M+61.4% YoY
Free cash flow
$284M+3269.5% YoY
Operating margin
31.7%+10.2 pts YoY
ROIC (TTM)11.8%
Avg ROIC 5Y-
ROE (TTM)6.2%
Piotroski Score7 / 9
Financial Statements →
03

Monitor what changed

Recent results and news deserve attention only when they alter the forward view.

OPERATING RESULTS

Recent Earnings

Earnings History
EPS Beat Rate5/12 (42%)
Revenue Beat Rate6/12 (50%)
QuarterEPS (Act vs Est)Revenue (Act vs Est)
Q3 2026Latest
Aug 6, 2026
$0.55-18.4%
vs $0.67
$391M+1.2%
vs $386M
Q2 2026
May 11, 2026
$0.20-62.5%
vs $0.53
$346M+1.6%
vs $340M
Q1 2026
Feb 25, 2026
$0.40-18.8%
vs $0.49
$333M+0.6%
vs $331M
Q4 2025
Nov 4, 2025
$0.36-28.0%
vs $0.50
$323M-2.5%
vs $331M
Historical baseline: 12 quarters analyzedGAAP / Adjusted
MARKET COVERAGE

Latest News

5 Stories
Business Wire·Sep 21, 2026
Kodiak Gas Services Announces Power Supply Agreement with West Texas Data Center

THE WOODLANDS, Texas--(BUSINESS WIRE)--Kodiak Gas Services, Inc. (NYSE: KGS) (“Kodiak”) today announced that it has entered into an agreement to provide 76 megawatts of behind-the-meter, baseload power capacity, including balance of plant, to a West Texas data center for a term of six years.Under the terms of the agreement, Kodiak will deploy approximately 40 reciprocating natural gas-fueled generation units to a data center operator that is contracted with an investment-grade-rated hyperscaler.

Defense World·Sep 20, 2026
Kodiak Gas Services (NYSE:KGS) Insider Sells $212,966.82 in Stock

Kodiak Gas Services, Inc. (NYSE: KGS - Get Free Report) insider Pedro Buhigas sold 3,663 shares of the business's stock in a transaction on Wednesday, September 16th. The shares were sold at an average price of $58.14, for a total transaction of $212,966.82. Following the completion of the transaction, the insider owned 32,413 shares in the

Fool - Investing News·Sep 18, 2026
Executive Dumps Nearly 2,000 Shares of Energy Stock, Valued at Almost $120,000

Steven Lee Green disposed of shares to cover RSU vesting tax obligations, retaining 19,850 shares worth $1.27 million.

Defense World·Sep 15, 2026
California State Teachers Retirement System Has $634.17 Million Holdings in Kodiak Gas Services, Inc. $KGS

California State Teachers Retirement System raised its holdings in Kodiak Gas Services, Inc. (NYSE: KGS) by 8,307.7% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 8,441,006 shares of the company's stock after acquiring an additional 8,340,610 shares

Filtered for Kodiak Gas Services, Inc.More Headlines
04

Compare before deciding

Benchmark KGS against direct peers instead of judging its metrics in isolation.

Peers Comparison

Key metrics vs top competitors for Kodiak Gas Services, Inc. (KGS)

Full Screener →
CompanyPriceMarket CapP/E RatioRev Growth (1Y)Net MarginROEDiv Yield
KGS logoKGSKodiak Gas Services, Inc.Current
$53.56$5.41B60.1812.83%6.16%6.23%3.41%
USAC logoUSACUSA Compression Partners, LP
$25.27$3.66B29.735.01%12.43%141.15%—
AROC logoAROCArchrock, Inc.
$30.42$5.33B16.5328.7%21.84%21.96%—
PUMP logoPUMPProPetro Holding Corp.
$9.00$1.1B1153.85-12.13%-1.15%-1.49%—
NINE logoNINENine Energy Service, Inc.
$7.42$103.51M-5.941.41%12.66%514.81%—
WTTR logoWTTRSelect Water Solutions, Inc.
$20.03$2.77B100.15-3.08%2.24%3.11%—

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

05

Keep researching

Verify the primary filings, follow material updates, and answer the remaining questions.

KGS SEC Filings & Documents

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

8-K Announcements

6
Material company update

Aug 6, 2026·SEC

Material company update

Aug 6, 2026·SEC

Material company update

May 15, 2026·SEC

10-K Annual Reports

2
FY 2026

Feb 26, 2026·SEC

FY 2025

Mar 7, 2025·SEC

10-Q Quarterly Reports

6
FY 2026

Aug 7, 2026·SEC

FY 2026

May 11, 2026·SEC

FY 2025

Nov 5, 2025·SEC

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KGS Frequently Asked Questions

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

Growth & Financials
What is Kodiak Gas Services, Inc.'s revenue?

Kodiak Gas Services, Inc. (KGS) reported $1.39B in revenue for fiscal year 2025. This represents a 162% increase from $532.4M in 2020.

How fast is Kodiak Gas Services, Inc. growing?

Kodiak Gas Services, Inc. (KGS) grew revenue by 12.8% over the past year. This is steady growth.

Is KGS profitable?

Yes, Kodiak Gas Services, Inc. (KGS) is profitable, generating $80.4M in net income for fiscal year 2025 (6.2% net margin).

Dividend & Returns
Does KGS pay dividends?

Yes, Kodiak Gas Services, Inc. (KGS) pays a dividend with a yield of 3.41%. This makes it attractive for income-focused investors.

What is KGS's return on equity?

Kodiak Gas Services, Inc. (KGS) has a return on equity (ROE) of 6.2%. This is below average, suggesting room for improvement.

What is Kodiak Gas Services, Inc.'s free cash flow?

Kodiak Gas Services, Inc. (KGS) had negative free cash flow of $42.2M in fiscal year 2025, likely due to heavy capital investments.

What if you invested $1,000 in KGS back in 2020?

Total return calculator · dividends reinvested · 6+ years of data

See returns →