Kodiak Gas Services Inc. (KGS) Financials

EPS

Hollow marker is the consensus estimate; filled is the reported figure, colored by beat or miss.

Revenue

Outlined bar is the consensus estimate; solid is reported.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
Q2 26	$0.71	$0.55	-22.5%	—	$391.1M	—
Q1 26	$0.54	$0.59	+9.3%	—	$345.8M	—
Q4 25	$0.53	$0.35	-34.0%	—	$332.9M	—
Q3 25	$0.52	$0.16	-69.2%	—	$322.7M	—
Q2 25	$0.46	$0.49	+6.5%	—	$322.8M	—
Q1 25	$0.38	$0.43	+13.2%	—	$329.6M	—
Q4 24	$0.52	$0.29	-44.2%	—	$309.5M	—
Q3 24	$0.38	$0.33	-13.2%	—	$324.6M	—
Q2 24	$0.55	$0.22	-60.0%	—	$309.7M	—
Q1 24	$0.34	$0.27	-20.6%	—	$215.5M	—
Q4 23	$0.28	$0.25	-10.7%	—	$226M	—
Q3 23	$0.19	$0.37	+94.7%	—	$231M	—
Q2 23	—	-$0.14	—	—	$203.3M	—

EPS

Reported per-share earnings by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Revenue

Reported revenue by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
FY25	—	$0.9	—	—	$1.3B	—
FY24	—	$0.58	—	—	$1.2B	—
FY23	—	$0.29	—	—	$850.4M	—
FY22	—	$1.42	—	—	$707.9M	—
FY21	—	$2.41	—	—

Total revenue

Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.

Period	FY21	FY22	FY23	FY24	FY25
Revenue	$606.4M	$707.9M	$850.4M	$1.2B	$1.3B
YoY change	—	+16.7%	+20.1%	+36.3%	+12.8%

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	FY21	FY22	FY23	FY24	FY25
Revenue	606.4M	707.9M	850.4M	1.2B	1.3B
Cost of revenue	370.2M	441.8M	533.7M	718.6M	756.1M
Gross profit	236.2M	266.1M	316.6M	440.7M	552M
Gross margin	38.9%	37.6%	37.2%	38%	42.2%
Research & development	—	—	—	—	—
Selling, general & administrative	37.7M	44.9M	73.3M	151.7M	144.1M
Operating expenses	37.7M	44.9M	73.3M	151.7M	144.1M
Operating income	198.5M	221.2M	243.3M	289M	407.9M
Operating margin	32.7%	31.2%	28.6%	24.9%	31.2%
Non-operating income, net	8.5M	84M	14.3M	-15.9M	-96.1M
Pretax income	122.4M	139.4M	35.1M	75.9M	113.5M
Income tax	-58.6M	33.1M	15.1M	25.6M	31.9M
Net income	181M	106.3M	20.1M	50.3M	81.6M
Net margin	29.8%	15%	2.36%	4.34%	6.24%
EBITDA	358.4M	395.7M	426.2M	548.8M	655.9M
EPS	2.41	1.42	0.29	0.58	0.9
Diluted EPS	2.41	1.42	0.29	0.56	0.89

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Revenue	231M	226M	215.5M	309.7M	324.6M	309.5M	329.6M	322.8M	322.7M	332.9M	345.8M	391.1M
Cost of revenue	150.4M	138.2M	130.5M	196.7M	202.7M	188.7M	199M	181.4M	182.5M	193.2M	191.6M	223M
Gross profit	80.6M	87.8M	85M	112.9M	121.9M	120.9M	130.7M	141.5M	140.2M	139.7M	154.2M	168.1M
Gross margin	34.9%	38.9%	39.4%	36.5%	37.5%	39%	39.6%	43.8%	43.4%	42%	44.6%	43%
Research & development	—	—	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	19.6M	27.1M	24.8M	59.9M	35.5M	31.4M	32.3M	35.1M	37.8M	38.9M	46.1M	40.9M
Operating expenses	19.6M	27.1M	24.8M	59.9M	35.5M	31.4M	32.3M	35.1M	37.8M	38.9M	46.1M	40.9M
Operating income	61M	60.7M	60.2M	53M	86.4M	89.5M	98.4M	106.3M	102.4M	100.8M	108.1M	127.2M
Operating margin	26.4%	26.9%	27.9%	17.1%	26.6%	28.9%	29.8%	32.9%	31.7%	30.3%	31.3%	32.5%
Non-operating income, net	8.4M	-21.8M	19.7M	8.2M	-40.8M	-3M	-9.6M	-7.2M	-66.5M	-12.8M	-38.7M	-3.9M
Pretax income	29.7M	-1.6M	40.1M	9M	-8.4M	35.1M	41.6M	53.4M	-20.5M	39M	20.6M	73.2M
Income tax	7.9M	5.3M	9.9M	2.3M	-2.2M	15.5M	10.5M	13.4M	-6.3M	14.2M	2.8M	21.1M
Net income	21.8M	-6.9M	30.2M	6.7M	-6.2M	19.6M	31M	40M	-14.2M	24.8M	17.9M	52.1M
Net margin	9.42%	-3.04%	14%	2.17%	-1.91%	6.33%	9.42%	12.4%	-4.4%	7.44%	5.17%	13.3%
EBITDA	107.1M	107.1M	107M	122.7M	159.7M	159.5M	168.5M	171.9M	140.5M	175M	175.8M	204.9M
EPS	0.28	-0.09	0.39	0.07	-0.07	0.21	0.34	0.44	-0.17	0.28	0.2	0.54
Diluted EPS	0.28	-0.09	0.39	0.06	-0.07	0.21	0.33	0.43	-0.17	0.28	0.2	0.53

P/E

Annual history by fiscal year; click a table row below to chart a different metric.

Current values are trailing twelve months where available, otherwise the latest fiscal year; unreported figures show a dash.

Key stats

Metric	FY21	FY22	FY23	FY24	FY25	Current
Market cap	—	—	1.4B	—	3.3B	5.3B
Enterprise value	—	—	3.2B	—	5.9B	8B
Shares outstanding	75M	75M	68.1M	83.1M	87.2M	87.2M

Valuation

Metric	FY21	FY22	FY23	FY24	FY25	Current
P/E	—	—	68.1	—	40	60.1
P/S	—	—	1.61	—	2.49	3.84
P/B	—	—	1.2	—	2.7	2.47
EV/EBITDA	—	—	7.48	—	8.95	10.7
EV/Sales	—	—	3.75	—	4.49	5.77
Earnings yield	—	—	1.47%	—	2.5%	1.66%
FCF yield	—	—	3.4%	—	8.72%	0.3%
PEG	—	—	—	—	—	2.65

Profitability

Metric	FY21	FY22	FY23	FY24	FY25	Current
Gross margin	38.9%	37.6%	37.2%	38%	42.2%	43%
Operating margin	32.7%	31.2%	28.6%	24.9%	31.2%	34.2%
Net margin	29.8%	15%	2.36%	4.34%	6.24%	5.77%
ROE	18.8%	46.4%	1.76%	3.66%	6.76%	4.59%
ROA	6.01%	3.32%	0.62%	1.13%	1.89%	5.85%
ROIC	7.15%	5.74%	4.69%	4.77%	7.69%	6.49%
Return on tangible assets	8.55%	4.56%	0.84%	1.53%	2.56%	2.23%

Financial health

Metric	FY21	FY22	FY23	FY24	FY25	Current
Current ratio	1.14	1.08	1.1	1.2	0.84	1.45
Quick ratio	0.8	0.7	0.73	0.88	0.57	1.15
Debt / equity	1.92	11.9	1.6	1.93	2.16	1.3
Debt / assets	0.61	0.85	0.56	0.6	0.6	0.51
Net debt / EBITDA	5.07	6.85	4.27	4.81	3.98	3.85
Interest coverage	2.45	1.84	1.16	1.39	1.57	1.55
Effective tax rate	0%	23.7%	42.9%	33.7%	28.1%	28.3%

Per share

Metric	FY21	FY22	FY23	FY24	FY25	Current
Revenue per share	8.09	9.44	12.5	14	15	15.7
EPS (basic)	2.41	1.42	0.29	0.58	0.9	0.9
EPS (diluted)	2.41	1.42	0.29	0.56	0.89	0.88
Book value per share	12.8	3.05	16.8	16.5	13.8	21.4
FCF per share	0.64	-0.53	0.68	-0.11	3.26	0.05
Cash per share	0.38	0.27	0.08	0.06	0.04	1.36
Capex per share	2.69	3.35	3.21	3.63	—	—

Capital allocation

Metric	FY21	FY22	FY23	FY24	FY25	Current
Capex / revenue	33.3%	35.5%	25.7%	26%	—	—
Capex / operating cash flow	73.4%	88.1%	103.8%	108%	—	—
Payout ratio	0.63%	788.6%	359.3%	266%	195.6%	218.2%
Dividend yield	—	—	5.28%	—	4.89%	3.72%

Yield

3.72%

trailing twelve months

Frequency

Quarterly

Last dividend

$0.49

ex-dividend Aug 17, 2026

Payout ratio

218%

of earnings

Dividend growth

2 years

consecutive annual raises

Dividend per share

Split-adjusted payout per share by ex-dividend date.

Recent payouts

Ex-dividend	Amount
Aug 17, 2026	$0.49
May 18, 2026	$0.49
Feb 13, 2026	$0.49
Nov 3, 2025	$0.49
Aug 4, 2025	$0.45
May 5, 2025	$0.45
Feb 14, 2025	$0.41
Nov 1, 2024	$0.41

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	FY21	FY22	FY23	FY24	FY25
Cash & short-term investments	28.8M	20.4M	5.6M	4.8M	3.2M
Receivables	80.7M	97.6M	113.2M	253.6M	197.6M
Inventory	48.4M	72.2M	76.2M	103.3M	101.5M
Total current assets	164.1M	204M	231M	383.7M	323.1M
Property, plant & equipment	2.4B	2.5B	2.6B	3.4B	3.4B
Goodwill & intangibles	894.8M	875.8M	856.9M	1.2B	1.1B
Total assets	3B	3.2B	3.2B	4.4B	4.3B
Accounts payable	43.7M	52.1M	65.3M	58.7M	73M
Short-term debt	—	3.1M	—	11.9M	12M
Total current liabilities	144.1M	189M	210.6M	319.4M	385.9M
Long-term debt	1.8B	2.7B	1.8B	2.6B	2.6B
Total liabilities	2.1B	3B	2.1B	3.1B	3.1B
Shareholders' equity	960.1M	229.1M	1.1B	1.4B	1.2B
Total debt	1.8B	2.7B	1.8B	2.6B	2.6B
Net debt	1.8B	2.7B	1.8B	2.6B	2.6B

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Cash & short-term investments	6.1M	5.6M	9.3M	3.9M	7.4M	4.8M	1.9M	5.4M	724K	3.2M	94.4M	137.6M
Receivables	116.9M	113.2M	143.2M	203.4M	280.4M	253.6M	253.7M	224.7M	215.9M	197.6M	238.4M	262.7M
Inventory	70.6M	76.2M	82.9M	119.6M	118.1M	103.3M	99.8M	101M	101.2M	101.5M	103.9M	107.1M
Total current assets	216.5M	231M	263.3M	352.4M	443.4M	383.7M	387.1M	345.5M	341.5M	323.1M	459.5M	528.1M
Property, plant & equipment	2.5B	2.6B	2.6B	3.5B	3.4B	3.4B	3.5B	3.4B	3.5B	3.4B	3.5B	4B
Goodwill & intangibles	861.6M	856.9M	852.1M	1.1B	1.1B	1.2B	1.2B	1.1B	1.1B	1.1B	1.1B	1.9B
Total assets	3.2B	3.2B	3.3B	4.4B	4.5B	4.4B	4.4B	4.4B	4.4B	4.3B	4.5B	5.5B
Accounts payable	65.5M	65.3M	89.3M	77.9M	87.1M	58.7M	72.8M	50.4M	76M	73M	71.8M	97.7M
Short-term debt	—	—	3.1M	11.2M	11.7M	11.9M	12.8M	13.1M	12.2M	12M	11.5M	11M
Total current liabilities	223.2M	210.6M	237.9M	334.4M	348.8M	319.4M	329.9M	313.3M	349M	385.9M	360M	365M
Long-term debt	1.8B	1.8B	1.9B	2.5B	2.6B	2.6B	2.6B	2.6B	2.7B	2.6B	2.8B	2.8B
Total liabilities	2.1B	2.1B	2.2B	3B	3.1B	3.1B	3.1B	3B	3.1B	3.1B	3.3B	3.3B
Shareholders' equity	1.2B	1.1B	1.1B	1.5B	1.4B	1.4B	1.4B	1.3B	1.3B	1.2B	1.2B	2.2B
Total debt	1.8B	1.8B	1.9B	2.5B	2.7B	2.6B	2.7B	2.6B	2.7B	2.6B	2.8B	2.8B
Net debt	1.8B	1.8B	1.9B	2.5B	2.7B	2.6B	2.7B	2.6B	2.7B	2.6B	2.8B	2.7B

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	FY21	FY22	FY23	FY24	FY25
Net income	181M	106.3M	20.1M	50.3M	81.6M
Depreciation & amortization	160M	174.5M	182.9M	260.3M	276.2M
Stock-based compensation	1.2M	971K	5.9M	17.7M	24.5M
Change in working capital	-13M	-40.4M	-24.4M	-80.7M	78.4M
Operating cash flow	275.2M	285.2M	210.3M	279.7M	599.7M
Capital expenditure	-201.9M	-251.3M	-218.3M	-301.9M	—
Investing cash flow	-202.1M	-251.5M	-218.4M	-292.5M	0
Dividends paid	-1.1M	-838M	-72.1M	-133.9M	-159.6M
Share repurchases	—	—	—	-42.8M	-110.3M
Financing cash flow	-43.3M	23.2M	-62.8M	-36.3M	-316M
Net change in cash	29.8M	56.9M	-70.9M	-49.1M	283.7M
Free cash flow	48M	-39.5M	46.5M	-9M	284.3M

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Net income	21.8M	-6.9M	30.2M	6.7M	-6.2M	19.6M	31M	40M	-14.2M	24.8M	17.9M	52.1M
Depreciation & amortization	46.1M	46.5M	46.9M	69.5M	73.5M	70.4M	70.5M	66.1M	66.3M	73.2M	68.7M	78.7M
Stock-based compensation	2.5M	2.5M	2.8M	5.3M	3.9M	5.6M	7M	6.3M	4.7M	6.5M	5.9M	8.6M
Change in working capital	-20.7M	-16.2M	-35.5M	26.8M	-76.8M	4.8M	-1.2M	32.9M	2.7M	43.9M	-47.8M	-48.8M
Operating cash flow	56.8M	31M	54.6M	111.9M	-3.3M	116.4M	120.1M	177.2M	113.4M	194.9M	71.2M	99.5M
Capital expenditure	-51.5M	-73.8M	-60.2M	-116.6M	-72M	-53.2M	-68.2M	—	—	—	—	—
Investing cash flow	-51.6M	-73.9M	-60.1M	-116.7M	-72M	-53.2M	-68.2M	—	0	0	—	—
Dividends paid	0	-29.8M	-29.8M	-32.6M	-35.1M	-36.4M	-36.4M	-40.1M	-40M	-43M	-42.6M	-50M
Share repurchases	—	—	-294K	—	-27.7M	-15.1M	-12.8M	-7.2M	-53.1M	-34M	-15M	798K
Financing cash flow	-347.2M	10.7M	12.4M	-19.6M	38.7M	-68M	-49M	-99.3M	-25M	-142.8M	134.9M	-120.4M
Net change in cash	-342.1M	-32.2M	6.8M	-24.4M	-36.6M	-4.8M	2.9M	77.9M	88.4M	52.1M	206.1M	-20.9M
Free cash flow	34.2M	-11.6M	-8.6M	4M	-49.7M	45.2M	36.8M	94.6M	10.9M	142M	-47.2M	-100.7M

Kodiak Gas Services Inc. Financials

EPS

Revenue

Results

EPS

Revenue

Results

Total revenue

Total revenue

Revenue and profits

Condensed income statement

Revenue and profits

Condensed income statement

P/E

Key stats

Valuation

Profitability

Financial health

Per share

Capital allocation

Dividend per share

Recent payouts

Assets vs. liabilities & equity

Condensed balance sheet

Assets vs. liabilities & equity

Condensed balance sheet

Cash generation and uses

Condensed cash flow statement

Cash generation and uses

Condensed cash flow statement