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Kodiak Gas Services, Inc.

KGS Energy Oil & Gas Equipment & Services

Kodiak Gas Services, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $1.3 billion, up 12.8% from fiscal 2024.

Revenue
+21.2%
EPS
+22.7%
Free cash flow
−194.0%
Total debt
+8.48%

Quarter to June 2026, against a year earlier

39.40 1.86 −4.51%
Market cap
$3.9B
P/E
46.4×
Fwd P/E
24.4×
Dividend yield
3.73%
F-score
6/9
Altman Z
1.18
Beneish M
−3.24
Dividend safety
28/100
Overview
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios

Insider Decisions last twelve months

Bought, $m 0.62
Sold, $m 5.60
Trades a month
Jan 26 Apr 26 Jul 26 Oct 26
Buy — — 1 2 — — — — — — — —
Sell — — — 6 — — 3 2 2 4 1 1
Insider Ownership 0.00%

Capital & Financial Ratios $m

Size
Market Cap 3,940.00
Revenue ttm 1,392.49
Net income ttm 80.57
Free cash flow ttm 25.17
Net debt Q 2,629.06
Valuation
P/E 46.35 (above 35: high)
Forward P/E 24.40
Price / sales 2.70
Forward P/S Powerpack
Price / FCF 149.41
Price / book 1.74
Financial health
Current ratio Q 1.45
Debt / equity Q 1.28
Interest coverage Q 2.48
Growth
Revenue growth Q +21.15% (above 0%: growing)
Operating income growth Q +24.57% (above 0%: growing)
EPS, this year +121.79% (at or above 15%: strong)
EPS, next year A +37.52% (at or above 15%: strong)
Revenue, next year A +16.20% (at or above 10%: strong)
EPS, past 5 yrs —
EPS, next 5 yrs A +64.07% (at or above 15%: strong)

Green and red mark values outside typical ranges; (Q) is the latest quarter, (A) analysts’ estimates. How we judge →

Valuation vs history

EV/Sales, ten years
EV/Sales is 4.6×, against a ten-year median of 4.7×; over the ten years it ranged from 3.8× in 2023 to 7.0× in 2026.
P/E against its own 10 years 46.50%
10-year low 10-year high
P/S against its own 10 years 66.43%
10-year low 10-year high
P/B against its own 10 years 22.42%
10-year low 10-year high
EV/Sales against its own 10 years 45.43%
10-year low 10-year high
EV/FCF against its own 10 years 75.45%
10-year low 10-year high

Dividends raised every year since 2023

Yield
3.73%
Annual rate
1.47
Payout ratio
175.0%
Growth, 2023–25
+117.6%/yr
  1. 0.38 ’23
  2. 1.58 ’24 +316
  3. 1.80 ’25 +14
  4. 2.01 ’26e +12
paid forecast change on the year, % Powerpack

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 6 5 3 138
Receivables 113 254 198 263
Inventory 76 103 102 107
Other 26 11 5 11
231 384 323 528
2023 2024 2025 Q'26
Payables 50 58 73 98
ST’ Debt — — — —
Other 64 73 95 90
211 319 386 365

Compound Annual Growth %

10y 5y 3y
Sales — 19.70% 22.71%
Cash Flow — 19.71% 39.73%
Earnings — 0.00% (9.60%)
Book Value — 9.85% 74.03%

Earnings Trends EPS, adjusted, against the consensus

Q2 FY26 Estimate 0.67 Actual 0.55

Earnings per share against the consensus, by quarter
Quarter Estimate Reported Result
Q3 FY25 0.50 0.36 Miss by 0.14
Q4 FY25 0.53 0.40 Miss by 0.13
Q1 FY26 0.54 0.59 Beat by 0.05
Q2 FY26 0.67 0.55 Miss by 0.12
Q3 FY26 0.64 — Reports 9 November 2026

EPS $

Mar Jun Sep Dec Year
’26 0.20 0.53 — — —
’25 0.33 0.43 (0.17) 0.28 0.89
’24 0.39 0.06 (0.07) 0.21 0.56
’23 (0.21) 0.30 0.28 (0.09) 0.29
’22 — 0.15 0.78 0.03 1.80
’21 — — — — 3.07
Fiscal quarters ending in the months shown.

Revenue $m

Mar Jun Sep Dec Year
’26 346 391 — — —
’25 330 323 323 333 1,308
’24 215 310 325 310 1,159
’23 190 203 231 226 850
’22 — 177 183 180 708
’21 — — — — 606
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Mar Jun Sep Dec Year
’26 71 99 — — —
’25 114 177 113 195 600
’24 52 121 37 118 328
’23 23 95 86 63 266
’22 — 128 59 33 220
’21 — — — 250 250
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Mar Jun Sep Dec Year
’26 (44) (97) — — —
’25 46 103 20 145 314
’24 (9) 4 (35) 65 26
’23 (25) 50 34 (11) 48
’22 — (18) 13 (27) (31)
’21 — — — 48 48
Fiscal quarters ending in the months shown.

Target Price Range

Analyst price targets

Recommendation Rating

1.1
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Ten-year view Analyst estimates Powerpack
Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 TTM Jun ’26 Trend 10 yrs 2026e 2027e 2028e Next 3/yr
Income, $m
Income, $m Revenue — — — — 532 606 708 850 1,159 1,308 1,392 +19.7% 1,520 1,740 2,081 +16.7%
Gross margin, % — — — — 38.97 65.34 62.23 58.74 60.46 63.31 63.85 +24.3 pt
EBT — — — — 5 122 139 35 76 113 112 +84.3%
EBT margin, % — — — — 1.00 20.18 19.69 4.13 6.55 8.67 8.07 +7.7 pt
Net income — — — — (2) 181 106 20 50 82 81 n/m
Per share, $
Per share, $ Revenue — — — — 7.10 10.28 12.00 12.49 13.95 15.00 14.59 +16.1%
Earnings — — — — (0.03) 3.07 1.80 0.29 0.58 0.90 0.85 n/m
Cash flow — — — — 3.25 4.24 3.73 3.91 3.95 6.88 5.02 +16.2%
Capex — — — — 0.00 (3.42) (4.26) (3.21) (3.63) (3.27) (4.75) n/m
Free cash flow — — — — 3.25 0.81 (0.53) 0.71 0.31 3.61 0.26 +2.1%
Book value — — — — 10.07 16.27 3.88 16.79 16.53 13.85 22.67 +6.6%
Shares, m — — — — 75 59 59 68 83 87 89 +3.1%
Valuation, ×
Valuation, × P/E — — — — 20.94 20.94 20.94 71.87 68.05 42.02 46.35 40.8
P/S — — — — 1.27 1.27 1.27 1.62 2.93 2.49 2.70 1.8
P/B — — — — 4.27 4.27 4.27 1.20 2.47 2.70 1.74 3.2
EV/Sales — — — — 5.03 5.03 5.03 3.72 5.15 4.45 4.59 4.7
EV/FCF — — — — (64.75) (64.75) (64.75) 65.85 229.21 18.50 253.85 19.9
Cash, $m
Cash, $m Operating cash flow — — — — 244 250 220 266 328 600 479 +19.7%
Capex — — — — (297) (202) (251) (218) (302) (285) (454) (0.8%)
Free cash flow — — — — 244 48 (31) 48 26 314 25 +5.2%
Balance, $m
Balance, $m Working capital — — — — (1,501) 20 15 20 64 (63) 163 (47.0%)
Net debt — — — — 1,880 1,816 2,700 1,786 2,581 2,556 2,629 +6.3%
Shareholders’ equity — — — — 755 960 229 1,143 1,374 1,207 2,164 +9.8%
Returns, %
Returns, % ROA — — — — 0.00 5.74 3.42 0.62 1.25 1.79 1.62 +1.8 pt
ROIC — — — — 0.00 4.25 4.74 5.21 3.94 5.65 4.98 +5.7 pt
ROE — — — — 0.00 21.10 17.87 2.93 3.82 6.08 4.55 +6.1 pt
People
People Employees — — — — — — 765 781 1,300 1,300 — +19.3%
Revenue/emp, $m — — — — 0.00 0.00 0.93 1.09 0.89 1.01 — n/m
Negative figures in brackets.
estimates

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026 · fundamentals updated 25 Oct 2026

Kodiak Gas Services, Inc. vs peers in Oil & Gas Equipment & Services (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
WFRD Weatherford International PLC $6.0B 14.7× 16.0× −7.22% (below 0%: shrinking) +46.90% (above 0%: growing) +56.57% (above 0%: growing) 32.72% 13.39% Compare
AROC Archrock, Inc. $4.7B 13.8× 18.4× −3.04% (below 0%: shrinking) +21.00% (above 0%: growing) +28.48% (above 0%: growing) 66.83% 39.53% Compare
WHD Cactus, Inc. $4.4B 37.6× 23.4× +63.24% (above 0%: growing) +45.90% (above 0%: growing) −95.60% (below 0%: shrinking) 36.40% 21.83% Compare
SEI Solaris Energy Infrastructure, Inc. $4.1B 50.4× 49.5× +46.92% (above 0%: growing) +13.33% (above 0%: growing) −89.73% (below 0%: shrinking) 57.55% 25.76% Compare
KGS Kodiak Gas Services, Inc. $3.9B 46.4× 24.4× +21.15% (above 0%: growing) +22.73% (above 0%: growing) −194.00% (below 0%: shrinking) 63.09% 31.76%
USAC USA Compression Partners, LP $3.5B 21.5× 20.9× +42.73% (above 0%: growing) +22.22% (above 0%: growing) −74.45% (below 0%: shrinking) 62.19% 28.60% Compare
TDW Tidewater Inc. $3.4B 13.9× 32.8× +0.25% (above 0%: growing) −70.07% (below 0%: shrinking) −15.92% (below 0%: shrinking) 46.88% 18.27% Compare
OII Oceaneering International, Inc. $3.4B 10.4× 21.1× +5.61% (above 0%: growing) −26.76% (below 0%: shrinking) +66.85% (above 0%: growing) 20.97% 11.75% Compare
WBI WaterBridge Infrastructure LLC $3.0B 127× 205× +94.86% (above 0%: growing) n/m +325.23% (above 0%: growing) 0.00% 17.20% Compare
Median of peers $3.8B 18.1× 22.3× +24.17% +21.00% +6.28% 41.64% 20.05%

All 48 Oil & Gas Equipment & Services stocks →

Pay and ownership Proxy statement filed 27 March 2026

Chief executive’s pay

Year Total pay Actually paid $100 invested
2025 6.57m 11.93m 271.00
2024 6.14m 13.46m 281.00
2023 4.88m 5.61m 131.00

Ownership

Directors and executive officers, together less than 1%
BlackRock, Inc. 13.90%
Invesco Ltd. 10.00%
The Vanguard Group 7.20%
FMR LLC 5.90%
Total pay is as the Summary Compensation Table states it; actually paid revalues the year’s share awards at its end, as the SEC’s pay-versus-performance rule asks. $100 invested is what $100 in the company’s shares at the start of the earliest year shown was worth at each year’s end. Ownership is the proxy’s own table: the directors and officers as a group, and every holder of 5% or more. Read the proxy statement

Kodiak Gas Services, Inc. (KGS) Latest News

27 Oct

Impact 3 · · Business Wire

20 Oct

Impact 4 · · Simply Wall St.
Impact 3 · · StockStory

19 Oct

Impact 3 · · StockStory

9 Oct

Impact 3 · · StockStory

8 Oct

Impact 4 · · Trefis

21 Sep

Impact 4 · · Business Wire

28 Aug

Impact 4 ·

17 Aug

Impact 4 ·

14 Aug

Impact 4 · · The Motley Fool transcript

11 Aug

Impact 4 ·

8 Aug

Impact 3 ·
Impact 3 · · MarketBeat transcript
Impact 3 ·

7 Aug

Impact 4 · transcript
Impact 3 · · Moby transcript

6 Aug

Impact 4 ·
Impact 3 ·
Impact 3 ·

5 Aug

Impact 3 ·

10 Jul

Impact 4 ·

9 Jul

Impact 4 ·
Impact 3 ·

8 Jul

Impact 4 · · Stocktwits
Impact 4 ·
Impact 4 ·
Impact 3 · · InvestorsHub

26 May

Impact 3 · · StockStory

20 May

Impact 3 · · StockStory

18 May

Impact 3 · · Simply Wall St.

KGS metrics, ten years each

stockrow.com/KGS · Data as of Oct 25, 2026 · For information only; not investment advice. · © 2026 stockrow.com