Kodiak Gas Services, Inc. (KGS) Revenue History
Annual and quarterly revenue from 2020 to present
KGS Revenue Over Time (2020–2025)
KGS Revenue Growth History
5 of 5 years with positive growth- FY2020 revenue growth
- N/A
- FY2021 revenue growth
- +13.9%
- FY2022 revenue growth
- +16.7%
- FY2023 revenue growth
- +20.1%
- FY2024 revenue growth
- +36.3%
- FY2025 revenue growth
- +12.8%
| Quarter | Revenue | YoY |
|---|---|---|
| Q1 2026 | $345.8M | +4.9% |
| Q4 2025 | $332.9M | +7.5% |
| Q3 2025 | $322.7M | -0.6% |
| Q2 2025 | $322.8M | +4.3% |
| Q1 2025 | $329.6M | +53.0% |
| Q4 2024 | $309.5M | +37.0% |
| Q3 2024 | $324.6M | +40.6% |
| Q2 2024 | $309.7M | +52.3% |
Multi-year avg. share of annual revenue by fiscal quarter
Revenue Breakdown (FY 2025)
KGS's revenue distribution by segment and geography for fiscal year 2025
By Product/Segment
KGS Revenue Analysis (2020–2025)
Current Revenue & Growth
As of June 23, 2026, Kodiak Gas Services, Inc. (KGS) generated trailing twelve-month (TTM) revenue of $1.32 billion, reflecting modest growth of +4.9% year-over-year. The most recent quarter (Q1 2026) recorded $345.8 million in revenue, up 3.9% sequentially.
Historical Growth Trajectory
KGS's 5-year compound annual growth rate (CAGR) stands at +19.7%, indicating consistent double-digit revenue growth. The 3-year CAGR of +22.7% exceeds the 5-year average, indicating an acceleration in the most recent period. Kodiak Gas Services, Inc.'s highest annual revenue of $1.31 billion was recorded in 2025, an all-time high.
Revenue by Segment
KGS's revenue is primarily driven by Contract Services (93%), and Service, Other (7%). With over half of revenue concentrated in Contract Services, the company has a focused business model while developing other growth vectors.
Peer Comparison
Compared to Energy sector peers — including USAC (+12.2% YoY), AROC (+22.7% YoY), and PUMP (-15.6% YoY) — KGS has outperformed the peer group in 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 | +4.9% | +19.7% | 31.7% | |
 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% | |
 NINE | $562M | -3.7% | +12.6% | 0.1% | |
 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% | $414.5M | 31.7% |
| 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% |
Intrinsic Valuation
DCF models, multiple analysis, and analyst estimates.
Historical Returns
6+ years return with dividends reinvested.
DCA Calculator
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Peer Comparison
Compare growth, multiples, and margins vs sector.
KGS — Frequently Asked Questions
Quick answers to the most common questions about buying KGS stock.
Is KGS's revenue growth accelerating or slowing?
KGS revenue growth is slowing. TTM revenue is $1.3B, up +4.9% year-over-year — below the 5-year CAGR of +19.7%. The deceleration suggests maturing end-markets or increased competition.
What is KGS's revenue history from 2020 to 2026?
Kodiak Gas Services, Inc. (KGS) revenue history spans 2020 to 2026. TTM revenue as of 2026 is $1.3B, growing at +4.9% YoY. The 5-year CAGR is +19.7%. Complete annual and quarterly revenue figures are available on this page, including gross profit, operating income, and margin trends.
What is KGS's long-term revenue growth rate (CAGR)?
Kodiak Gas Services, Inc.'s 5-year revenue CAGR of +19.7% reflects the variable nature of its business expansion. As of 2026, the current YoY growth rate of +4.9% is below this long-term average. CAGR is the most reliable measure of sustained revenue momentum for KGS.
Why does KGS's quarterly revenue fluctuate?
KGS quarterly revenue can fluctuate significantly between periods. A quarter-over-quarter (QoQ) change does not always indicate a trend; comparing the same quarter year-over-year (YoY) is a more reliable signal for underlying growth. Kodiak Gas Services, Inc.'s revenue data from 2020 to 2026 shows full historical quarterly detail on this page.
How is KGS's revenue distributed by segment?
KGS reports revenue broken down by product line and geographic region. The segment breakdown on this page shows which business units contribute the most to total revenue as of the latest fiscal year. Concentration in a single segment above 50% indicates category dependence, while a diversified mix signals more resilient revenue streams.
How does KGS's revenue compare to industry peers?
Kodiak Gas Services, Inc. (KGS) with TTM revenue of $1.3B and +4.9% YoY growth can be benchmarked against sector peers using the comparison table on this page. Revenue growth relative to peers indicates market share gains or losses. The peer section shows TTM revenue, YoY growth, and operating margin for direct comparisons.