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Kodiak Gas Services, Inc. (KGS)

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Kodiak Gas Services, Inc. (KGS) reported revenue of $391 million for Q2 FY2026, the quarter ended 30 June 2026, up 21.1% on the same quarter a year earlier. Net income was $52 million, up 31.6% on the year, and diluted earnings per share $0.53. The figures are the company's own, from the 10-Q it filed with the SEC on 7 August 2026.

Revenue$391 millionup 21.1%
Net income$52 millionup 31.6%
Diluted EPS$0.53
QuarterQ2 FY2026ended 30 June 2026

Kodiak Gas Services (KGS) in brief

Kodiak Gas Services (KGS) reported revenue of $1.3 billion for fiscal 2025, the year ended 31 December 2025, up 12.8% on the year before.
Read moreNet income was $81 million and diluted earnings per share $0.89. Revenue was $1.2 billion in fiscal 2024, $850 million in fiscal 2023, $708 million in fiscal 2022 and $606 million in fiscal 2021. Net income in the same years was $50 million, $20 million, $106 million and $181 million. Over the twelve months to 30 June 2026, Kodiak Gas Services reported revenue of $1.4 billion and net income of $80 million. Kodiak Gas Services declared $1.92 a share in dividends over the last four quarters and had 101 million shares outstanding at the latest filed count. At the close of 9 October 2026 the market cap of Kodiak Gas Services was $5.4 billion, 63.6 times its earnings over the last twelve months.

Ratios

From the filings

ROE3.7%
ROCE7.8%
Operating margin27.4%
Net margin5.8%
FCF margin0.4%
Interest covern/a
Debt to equity1.26
Cash conversion5.96
Share count, 1 year15.2%
Sales CAGR, 3 years22.7%
Profit CAGR, 3 years-8.8%
EPS, TTM$0.84

At the close of 9 October 2026

Price$53.41
Market cap$5.4 billion
Stock P/E63.58
Price to book2.49
EV / EBITDA11.92
Dividend yield3.6%
Market cap / sales3.87
52-week high$76.27
52-week low$32.95
Price, 1 year51.9%
Price CAGR, 3 years43.8%
Price CAGR, 5 yearsn/a
Worked from the filed figures; hover a name for the formula.
Read moreThe priced ones use the latest price, the last regular-hours trade on IEX. Debt to equity here stands on long-term debt as Kodiak Gas Services, Inc. files it, with lease liabilities counted separately and never inside it. Nothing here is a valuation or a view.
KGSgreeksoup.ai
Daily prices to 9 October 2026, adjusted for splits; from 28 September 2026 each day's price is the last regular-hours trade on IEX.
Read moreData provided for free by IEX. By accessing or using IEX Historical Data, you agree to the IEX Historical Data Terms of Use. Day by day for the last three years; before that one point a week, carrying the week's last close and its average daily volume, so a volume bar means the same thing across the whole series; the bars sit under the price on their own scale, on the right. The moving averages need consecutive days and are drawn from the daily part. P/E is the close over the trailing four quarters' EPS as filed at each filing date, on the current share count; the dashed line is the median over the range shown. Sales and margin are quarterly revenue and the operating margin from the tables above. EV/EBITDA, price to book and market cap to sales use the latest filed balance sheet and share count at each date. Before the quarters on file begin, P/E, price to book and market cap to sales stand on each annual report from the day it was filed. Drawn in your browser; the range and overlay you pick are remembered here only.

The public record on KGS

Filings31 in twelve months: 20 current reports (8-K), about 7 regulation FD disclosure; 5 results of operations; 4 other events; 3 material agreement; 2 charter or bylaw amendment, or fiscal year change
Planned insider sales21 Form 144 notices in twelve months, $5.7 million; latest 5 October 2026
Options tapeput/call 1.64 by open interest at the 9 October 2026 close; the straddle prices a 4.9% move to 16 October 2026
13F holders10 of the followed funds hold it; largest FMR LLC; 14 Schedule 13D or 13G filings in twelve months
Insider trading20 sales and 3 purchases on Form 4 in twelve months
Congress0 House trades disclosed in six months
Short interest8.3 million shares short, 3.83 days to cover at 30 September 2026
Documentsthe 10-K, the 10-Qs, the proxy and 5 earnings press releases, each linked

Quarterly results, the last 12 quarters

Q3 FY2023Q4 FY2023 *Q1 FY2024Q2 FY2024Q3 FY2024Q4 FY2024 *Q1 FY2025Q2 FY2025Q3 FY2025Q4 FY2025 *Q1 FY2026Q2 FY2026
Revenue231226215310325310330323323333346391
Cost of revenuen/an/a83.6127129118128115116120123144
Gross profit80.687.885.0113122191201208207213223247
Gross margin35%39%39%36%38%62%61%64%64%64%64%63%
SG&A19.627.124.859.935.531.432.335.137.838.946.140.9
Operating income61.060.760.254.266.169.089.299.764.286.9107124
Operating margin26%27%28%17%20%22%27%31%20%26%31%32%
Interest expense39.753.239.752.1n/an/an/an/an/an/an/an/a
Pre-tax income29.7-1.640.19.0-8.435.141.653.4-20.539.020.673.2
Tax rate27%n/a25%26%n/a44%25%25%n/a36%13%29%
Net income21.8-6.930.26.2-5.619.130.439.5-14.024.617.852.0
Net margin9%-3%14%2%-2%6%9%12%-4%7%5%13%
Diluted EPS$0.28-$0.09$0.39$0.06-$0.07$0.21$0.33$0.43-$0.17$0.28$0.20$0.53
Operating cash flow85.762.651.512136.911811417711319571.299.5
Capital expenditure51.574.260.211786.573.277.682.610252.8118200
Free cash flow34.2-11.6-8.64.0-49.745.236.894.610.9142-47.2-101
Buybacksn/an/a0.00.025.015.010.010.050.433.60.00.0
Dividends paid0.029.829.832.635.136.436.440.140.043.042.650.0
Shares outstanding77m77m77m84m88m88m88m88m87m86m86m101m
Filing10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q
Each quarter as filed, linked to its filing.
Read more* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. A fourth quarter's EPS and diluted share count are from the company's results press release for that quarter, used where the release gives the same revenue and net income as the table. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

Income statement (profit and loss), 5 fiscal years and the trailing twelve months

FY2021FY2022FY2023FY2024FY2025TTM
Revenue6067088501,1591,3081,392
Cost of revenuen/a267351458480503
Gross profit236266317701828889
Gross margin38.9%37.6%37.2%60.5%63.3%63.8%
Selling, general and administrative37.744.973.3152144164
Operating income189222244249340382
Operating margin31.2%31.4%28.7%21.5%26.0%27.4%
Interest expense84.6166223n/an/an/a
Pre-tax income12213935.175.9113112
Income tax-58.633.115.125.631.931.8
Effective tax rate-47.9%23.7%42.9%33.7%28.1%28.3%
Net income18110620.149.980.580.4
Net margin29.8%15.0%2.4%4.3%6.2%5.8%
Diluted EPS$3.07$1.80$0.29$0.56$0.89$0.84
Filing10-K10-K10-K10-K10-K
From each year's 10-K, linked; TTM is the last four quarters.
Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.

Revenue by segment

FY2023FY2024FY2025Share
latest year
Contract Services7361,0341,18190.3%
Other Services1151251279.7%
Contract ServicesOther Services
850FY20231,159FY20241,308FY2025

$ million; hover a block for its figure and share

From the latest 10-K, in the company's own words.
Read moreA year is shown only where the parts add up to the revenue above. Fiscal years are labelled by the year they end in.

Revenue by product or service

FY2023FY2024FY2025Share
latest year
Contract Services7361,0341,18190.3%
Other Services1151251279.7%
Contract ServicesOther Services
850FY20231,159FY20241,308FY2025

$ million; hover a block for its figure and share

From the latest 10-K, in the company's own words.
Read moreA year is shown only where the parts add up to the revenue above. Fiscal years are labelled by the year they end in.

Cash flow and capital returned

FY2021FY2022FY2023FY2024FY2025TTM
Operating cash flow250220266328600479
Capital expenditure202259220337315474
Free cash flow48.0-39.546.5-9.02845.0
Free cash flow margin7.9%-5.6%5.5%-0.8%21.7%0.4%
Cash from investing-202-251-218-292-285-1,030
Cash from financing-43.323.2-62.8-36.3-316683
Depreciation and amortisation160174183260276287
Share-based compensation1.21.05.917.724.525.8
Buybacksn/a0.00.040.010484.0
Dividends paid0.00.029.8134160176
Dividend per sharen/an/a$0.38$1.58$1.80$1.92
Diluted shares, weighted59m59m68m85m89m97m
Shares outstanding at period endn/a59m77m88m86m101m
Filing10-K10-K10-K10-K10-K
Cash paid in the year, from the cash flow statement.
Read moreThe dividend per share is as declared. Diluted shares are the weighted average for the year; a falling count is the buybacks net of issuance. TTM sums the last four quarters; the share counts are the latest quarter's.

Balance sheet at year end

FY2021FY2022FY2023FY2024FY2025TTM
Funded by
Shareholders' equity9602291,1431,3741,2072,164
Non-controlling interestn/an/a0.0n/an/an/a
Debtn/a2,7201,7912,5882,5562,725
Operating lease liabilitiesn/a6.834.549.739.439.8
Finance lease liabilitiesn/an/a0.03.54.445.6
Other liabilitiesn/a250276421511525
Total liabilities and equityn/a3,2063,2444,4354,3185,501
Owned
Fixed assetsn/a2,4892,5363,3953,3783,913
Goodwilln/a306306415409753
Intangible assetsn/a132123163154189
Cash and equivalents28.820.45.64.83.2138
Receivables80.797.6113254198263
Inventoryn/a72.276.2103102107
Other assets2,90288.884.610075.0138
Total assets3,0123,2063,2444,4354,3185,501
Filing10-K10-K10-K10-K10-K
At the fiscal year end; the TTM column is the latest quarter end.
Read moreBoth totals are the company's own. Other liabilities is the filed total less the rows above it: payables, deferred revenue, taxes, borrowings the rows above do not carry and the rest; other assets is the same on the other side. Investments add the current and non-current lines as filed. Debt is the company's own stated total where it files one, otherwise its long-term debt with the current maturities, never parts added together. A row is left blank in a year where the lines shown overlap and the remainder would fall below nil.

Compounded growth

10 years5 years3 yearsTTM
Sales growth, compoundedn/an/a22.7%8.2%
Profit growth, compoundedn/an/a-8.8%-3.5%
Return on equity, averagen/a15.5%4.0%6.7%
Yearly growth, compounded; TTM is the last four quarters against the four before.
Read moreReturn on equity is net income over shareholders' equity at each year end, averaged over the window (the TTM column is the latest year alone); equity is the parent's shareholders' equity as tagged in the 10-K. Arithmetic on filed numbers, nothing forecast.

Questions

What was Kodiak Gas Services' revenue in fiscal 2025?

Kodiak Gas Services (KGS) reported revenue of $1.3 billion for fiscal 2025, the year ended 31 December 2025, up 12.8% on the year before.

How much did Kodiak Gas Services earn in fiscal 2025?

Net income was $81 million for fiscal 2025, and diluted earnings per share $0.89.

What is Kodiak Gas Services' P/E ratio?

At the close of 9 October 2026, Kodiak Gas Services traded at 63.6 times its earnings over the twelve months to 30 June 2026.

What is Kodiak Gas Services' market cap?

The market cap of Kodiak Gas Services was $5.4 billion at the close of 9 October 2026.

Does Kodiak Gas Services pay a dividend?

Yes. Kodiak Gas Services declared $1.92 a share in dividends over the four quarters to 30 June 2026.

Peers: Utilities

CompanyMarket capP/EROEOp. marginSales growth
TTM
Debt to equityDiv. yield
Williams Companies, Inc. WMB$88.9 billion28.9523.3%38.2%8.7%2.132.8%
National Grid plc NGG *$79.5 billion17.738.2%30.7%-3.8%1.192.7%
Kinder Morgan, Inc. KMI$72.3 billion20.8211.0%29.0%12.5%0.943.6%
TC Energy Corporation TRP *$62.5 billion26.1712.9%52.7%10.7%2.204.0%
Targa Resources Corp. TRGP$61.5 billion27.4062.0%22.9%-2.0%5.351.3%
DT Midstream, Inc. DTM$12.7 billion27.219.8%49.6%18.1%0.702.7%
Antero Midstream Corp. AM$10.0 billion25.1020.5%52.8%6.9%1.83n/a
Ormat Technologies, Inc. ORA$5.5 billion43.754.9%16.6%31.1%0.600.5%
Kodiak Gas Services, Inc. KGS$5.4 billion63.583.7%27.4%8.2%1.263.6%
Archrock, Inc. AROC$5.3 billion16.2921.2%n/a11.5%1.512.8%
Portland General Electric Co. POR$5.3 billion19.986.2%14.1%1.3%1.204.6%
Kinetik Holdings Inc. KNTK$4.1 billion19.37n/a10.5%14.1%n/a2.8%
All 69 in Utilities
CompanyMarket capP/EROEOp. marginSales growth
TTM
Debt to equityDiv. yield
NextEra Energy Inc. NEE$161.4 billion17.3916.3%29.8%10.8%1.732.9%
Constellation Energy Corp. CEG$105.8 billion29.0610.8%14.7%26.0%0.600.1%
Southern Co. SO$97.1 billion20.7611.0%24.2%6.4%1.623.4%
Duke Energy Corp. DUK$91.0 billion17.549.6%27.8%6.3%1.503.6%
Williams Companies, Inc. WMB$88.9 billion28.9523.3%38.2%8.7%2.132.8%
National Grid plc NGG *$79.5 billion17.738.2%30.7%-3.8%1.192.7%
Kinder Morgan, Inc. KMI$72.3 billion20.8211.0%29.0%12.5%0.943.6%
American Electric Power Co. Inc. AEP$66.8 billion21.299.8%23.0%10.3%1.583.0%
TC Energy Corporation TRP *$62.5 billion26.1712.9%52.7%10.7%2.204.0%
Targa Resources Corp. TRGP$61.5 billion27.4062.0%22.9%-2.0%5.351.3%
ONEOK Inc. OKE$56.6 billion15.4815.9%15.5%40.8%1.374.7%
Vistra Corp. VST$54.3 billion27.2440.5%18.5%3.8%3.570.6%
Dominion Energy, Inc. D$54.2 billion21.488.8%21.1%19.0%1.624.3%
Sempra SRE$53.2 billion23.587.0%n/a1.6%0.953.2%
Entergy Corp. ETR$47.1 billion26.369.9%22.9%9.5%1.812.4%
Xcel Energy Inc. XEL$46.1 billion20.219.3%19.1%4.7%1.543.1%
Exelon Corp. EXC$43.1 billion15.269.4%20.8%6.6%1.693.8%
Consolidated Edison Inc. ED$39.1 billion17.458.6%18.0%9.5%1.083.1%
Public Service Enterprise Group Inc. PEG$36.0 billion17.9811.6%23.1%12.7%1.363.5%
WEC Energy Group, Inc. WEC$33.8 billion20.1111.6%22.8%8.9%1.323.4%
Pg&E Corp. PCG$28.9 billion9.519.0%20.0%5.7%1.82n/a
Ameren Corp. AEE$28.3 billion17.9911.4%24.9%3.8%1.392.8%
Atmos Energy Corp. ATO$27.3 billion19.299.2%37.0%6.5%0.642.2%
DTE Energy Co. DTE$26.4 billion20.0410.8%13.3%15.9%2.133.5%
Firstenergy Corp. FE$26.0 billion23.948.4%14.6%12.6%2.104.0%
PPL Corp. PPL$25.8 billion20.268.4%24.1%6.7%1.323.2%
American Water Works Company, Inc. AWK$25.6 billion22.349.7%36.9%6.9%1.202.6%
Centerpoint Energy Inc. CNP$25.4 billion22.719.5%23.2%7.1%1.952.3%
Eversource Energy ES$24.8 billion17.038.9%21.5%7.8%1.634.6%
NRG Energy, Inc. NRG$22.7 billion28.0517.5%6.1%12.8%4.821.6%
Edison International EIX$21.3 billion5.7121.4%32.7%10.7%2.336.1%
CMS Energy Corp. CMS$20.5 billion19.6710.5%18.9%9.9%1.863.3%
Nisource Inc. NI$19.5 billion21.699.5%27.0%12.3%1.632.7%
Evergy, Inc. EVRG$18.7 billion20.609.1%26.2%3.6%1.203.3%
Talen Energy Corp. TLN$18.1 billionn/a-11.4%2.6%60.8%5.92n/a
Alliant Energy Corp. LNT$17.1 billion20.8410.9%22.1%6.8%1.413.1%
DT Midstream, Inc. DTM$12.7 billion27.219.8%49.6%18.1%0.702.7%
Pinnacle West Capital Corp. PNW$12.0 billion18.959.1%20.5%5.7%1.393.6%
Essential Utilities, Inc. WTRG$11.1 billion19.897.9%35.1%9.9%1.204.8%
Antero Midstream Corp. AM$10.0 billion25.1020.5%52.8%6.9%1.83n/a
OGE Energy Corp. OGE$9.6 billion20.409.4%24.2%0.6%1.123.6%
UGI Corp. UGI$8.0 billion12.4112.9%16.2%-0.5%1.284.0%
National Fuel GAS Co. NFG$7.5 billion10.9317.2%40.3%15.1%0.912.7%
Idacorp Inc. IDA$7.4 billion22.429.0%22.8%-0.4%0.972.6%
Txnm Energy Inc. TXNM$6.5 billion32.675.5%22.2%10.0%1.462.8%
Clearway Energy, Inc. CWEN$6.2 billion39.221.7%13.4%9.9%1.551.0%
Southwest Gas Holdings, Inc. SWX$6.1 billionn/an/an/an/a0.832.9%
Black Hills Corp. BKH$5.8 billion19.217.6%23.9%2.5%1.013.6%
Ormat Technologies, Inc. ORA$5.5 billion43.754.9%16.6%31.1%0.600.5%
Kodiak Gas Services, Inc. KGS$5.4 billion63.583.7%27.4%8.2%1.263.6%
Archrock, Inc. AROC$5.3 billion16.2921.2%n/a11.5%1.512.8%
Portland General Electric Co. POR$5.3 billion19.986.2%14.1%1.3%1.204.6%
NEW Jersey Resources Corp. NJR$5.2 billion14.1413.9%24.8%6.4%1.213.6%
Spire Inc. SR$4.6 billion8.7415.3%19.7%4.1%1.614.0%
NorthWestern Energy Group, Inc. NWE$4.6 billion26.775.9%18.8%10.7%1.193.6%
One Gas, Inc. OGS$4.6 billion15.638.1%20.6%-0.8%0.743.7%
Kinetik Holdings Inc. KNTK$4.1 billion19.37n/a10.5%14.1%n/a2.8%
MDU Resources Group Inc. MDU$3.9 billion19.726.7%17.0%-1.1%0.882.9%
Otter Tail Corp. OTTR$3.7 billion18.8510.4%17.2%-0.2%0.602.4%
American States Water Co. AWR$3.3 billion22.5412.8%31.8%13.2%0.642.4%
Chesapeake Utilities Corp. CPK$3.1 billion20.399.0%27.3%14.6%0.902.1%
Avista Corp. AVA$3.0 billion12.818.0%18.8%-1.8%1.165.5%
California Water Service Group CWT$2.8 billion20.697.4%18.5%3.9%0.812.7%
MGE Energy Inc. MGEE$2.7 billion17.2510.4%22.0%7.1%0.612.6%
H2O America HTO$2.4 billion20.665.8%21.5%5.0%1.022.9%
Northwest Natural Holding Co. NWN$2.0 billion15.908.1%22.8%4.4%1.604.1%
Hawaiian Electric Industries Inc. HE$1.5 billion6.7412.9%11.5%5.1%1.2912.3%
Middlesex Water Co. MSEX$1.0 billion20.639.2%29.2%5.3%0.762.6%
Unitil Corp. UTL$953 million16.658.8%18.9%20.8%1.123.4%
9 companies share its SEC industry code (Natural Gas Transmission); the rest are the names nearest in size in its wider industry, Utilities, one of the Fama-French 48 industries, a published grouping of SEC industry codes.
Read moreBy market capitalisation; a click on a heading sorts by it, largest first, and a second click turns it round. Each figure is the same arithmetic as the ratio box above, on each company's own filings and latest close; a name marked * is a foreign company that files once a year, on its latest fiscal year.

Filings

FilingPeriodFiledWhere
10-Q30 June 20267 August 2026EDGAR
10-Q31 March 202611 May 2026EDGAR
10-K31 December 202526 February 2026EDGAR
10-Q/A30 September 20257 November 2025EDGAR
10-Q30 September 20255 November 2025EDGAR
10-Q30 June 20257 August 2025EDGAR
10-Q31 March 20258 May 2025EDGAR
10-K/A31 December 202417 March 2025EDGAR
10-K31 December 20247 March 2025EDGAR
10-Q30 September 20247 November 2024EDGAR

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