Kodiak Gas Services, Inc. (KGS) Revenue History
Annual and quarterly revenue from 2020 to 2025
Compound Annual Growth Rate (CAGR)
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KGS Revenue Growth
Revenue Breakdown (FY 2025)
KGS's revenue distribution by segment and geography for fiscal year 2025
By Product/Segment
KGS Revenue Analysis (2020–2025)
As of May 8, 2026, Kodiak Gas Services, Inc. (KGS) generated trailing twelve-month (TTM) revenue of $1.31 billion, reflecting solid growth of +7.5% year-over-year. The most recent quarter (Q4 2025) recorded $332.9 million in revenue, up 3.1% sequentially.
Looking at the longer-term picture, KGS's 5-year compound annual growth rate (CAGR) stands at +19.7%, indicating consistent double-digit revenue growth. The company achieved its highest annual revenue of $1.31 billion in 2025, representing a new all-time high.
Revenue diversification analysis shows KGS's business is primarily driven by Contract Services (93%), and Service, Other (7%). With over half of revenue concentrated in Contract Services, the company maintains significant focus in this area while developing other growth vectors.
When compared to Energy sector peers including USAC (+12.2% YoY), AROC (+22.7% YoY), and PUMP (-15.6% YoY), KGS has underperformed the peer group in terms of revenue growth. Compare KGS vs USAC →
KGS Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| KGSCurrent | $1.3B | +7.5% | +19.7% | 31.2% | |
 USAC | $998M | +12.2% | +8.4% | 31.9% | |
 AROC | $1.5B | +22.7% | +11.2% | 38.7% | |
 PUMP | $1.3B | -15.6% | +10.0% | 1.5% | |
 WTTR | $1.4B | -4.2% | +18.4% | 2.5% |
KGS Historical Revenue Data (2020–2025)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $1.31B | +12.8% | $552.0M | 42.2% | $407.9M | 31.2% |
| 2024 | $1.16B | +36.3% | $440.7M | 38.0% | $249.4M | 21.5% |
| 2023 | $850.4M | +20.1% | $316.6M | 37.2% | $244.1M | 28.7% |
| 2022 | $707.9M | +16.7% | $266.1M | 37.6% | $222.1M | 31.4% |
| 2021 | $606.4M | +13.9% | $236.2M | 38.9% | $189.0M | 31.2% |
| 2020 | $532.4M | - | $207.5M | 39.0% | $168.4M | 31.6% |
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Start ComparisonKGS — Frequently Asked Questions
Quick answers to the most common questions about buying KGS stock.
Is KGS's revenue growth accelerating or slowing?
KGS maintains +7.5% revenue growth, in line with its 5-year CAGR of +19.7%. TTM revenue stands at $1.3B. Growth rate remains consistent with historical average.
What is KGS's long-term revenue growth rate?
Kodiak Gas Services, Inc.'s 5-year revenue CAGR of +19.7% reflects the sustained expansion pattern. Current YoY growth of +7.5% is near this long-term average.
How is KGS's revenue distributed by segment?
KGS reports revenue by product line and geographic region. Annual and quarterly breakdowns from 2020-2025 are available for download. Segment mix reveals concentration and diversification trends.