Saturday 17 October 2026
Export KGS’s income statement to Excel — free account
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. In the quarter to June 2026, revenue grew 21.2%, EPS grew 22.7%, free cash flow fell 194.0% and total debt rose 8.48%, each against the same quarter a year earlier. Dividend growth for three consecutive years, revenue growth for five, operating cash flow growth for three; insiders bought in the last twelve months.
47.21
0.60
−1.25%
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Target Price Range
Analyst price targets
Free accountTen years at a glance Fiscal years to December
| Group | Line | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Trend | 2026e | 2027e | 2028e |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Price, $ | |||||||||||||||
| Price, $ | Low | — | — | — | — | — | — | — | 15.05 | 20.02 | 29.25 |
Analyst estimates 2026–2028 Powerpack |
|||
| High | — | — | — | — | — | — | — | 20.63 | 44.20 | 50.43 | |||||
| People | |||||||||||||||
| People | Employees | — | — | — | — | — | — | 765 | 781 | 1,300 | 1,300 | ||||
| Revenue/emp, $m | — | — | — | — | 0.00 | 0.00 | 0.93 | 1.09 | 0.89 | 1.01 | |||||
| Income, $m | |||||||||||||||
| Income, $m | Revenue | — | — | — | — | 532 | 606 | 708 | 850 | 1,159 | 1,308 | ||||
| Gross margin, % | — | — | — | — | 38.97 | 65.34 | 62.23 | 58.74 | 60.46 | 63.31 | |||||
| EBT | — | — | — | — | 5 | 122 | 139 | 35 | 76 | 113 | |||||
| EBT margin, % | — | — | — | — | 1.00 | 20.18 | 19.69 | 4.13 | 6.55 | 8.67 | |||||
| Net income | — | — | — | — | (2) | 181 | 106 | 20 | 50 | 82 | |||||
| Depreciation | — | — | — | — | 146 | 167 | 188 | 196 | 272 | 294 | |||||
| Per share, $ | |||||||||||||||
| Per share, $ | Revenue | — | — | — | — | 7.10 | 10.28 | 12.00 | 12.49 | 13.95 | 15.00 | ||||
| Earnings | — | — | — | — | (0.03) | 3.07 | 1.80 | 0.29 | 0.58 | 0.90 | |||||
| Cash flow | — | — | — | — | 3.25 | 4.24 | 3.73 | 3.91 | 3.95 | 6.88 | |||||
| Capex | — | — | — | — | 0.00 | (3.42) | (4.26) | (3.21) | (3.63) | (3.27) | |||||
| Free cash flow | — | — | — | — | 3.25 | 0.81 | (0.53) | 0.71 | 0.31 | 3.61 | |||||
| Book value | — | — | — | — | 10.07 | 16.27 | 3.88 | 16.79 | 16.53 | 13.85 | |||||
| Shares, m | — | — | — | — | 75 | 59 | 59 | 68 | 83 | 87 | |||||
| Valuation, × | |||||||||||||||
| Valuation, × | P/E | — | — | — | — | 20.94 | 20.94 | 20.94 | 71.87 | 68.05 | 42.02 | ||||
| P/S | — | — | — | — | 1.27 | 1.27 | 1.27 | 1.62 | 2.93 | 2.49 | |||||
| P/B | — | — | — | — | 4.27 | 4.27 | 4.27 | 1.20 | 2.47 | 2.70 | |||||
| EV/Sales | — | — | — | — | 5.03 | 5.03 | 5.03 | 3.72 | 5.15 | 4.45 | |||||
| EV/FCF | — | — | — | — | (64.75) | (64.75) | (64.75) | 65.85 | 229.21 | 18.50 | |||||
| Cash, $m | |||||||||||||||
| Cash, $m | Operating cash flow | — | — | — | — | 244 | 250 | 220 | 266 | 328 | 600 | ||||
| Capex | — | — | — | — | (297) | (202) | (251) | (218) | (302) | (285) | |||||
| Free cash flow | — | — | — | — | 244 | 48 | (31) | 48 | 26 | 314 | |||||
| Balance, $m | |||||||||||||||
| Balance, $m | Working capital | — | — | — | — | (1,501) | 20 | 15 | 20 | 64 | (63) | ||||
| Total debt | — | — | — | — | 1,904 | 1,845 | 2,720 | 1,791 | 2,585 | 2,560 | |||||
| Net debt | — | — | — | — | 1,880 | 1,816 | 2,700 | 1,786 | 2,581 | 2,556 | |||||
| Shareholders’ equity | — | — | — | — | 755 | 960 | 229 | 1,143 | 1,374 | 1,207 | |||||
| Returns, % | |||||||||||||||
| Returns, % | ROA | — | — | — | — | 0.00 | 5.74 | 3.42 | 0.62 | 1.25 | 1.79 | ||||
| ROIC | — | — | — | — | 0.00 | 4.25 | 4.74 | 5.21 | 3.94 | 5.65 | |||||
| ROE | — | — | — | — | 0.00 | 21.10 | 17.87 | 2.93 | 3.82 | 6.08 | |||||
Negative figures in brackets.
Fiscal years to Dec 2025 · latest quarter Jun 2026
Charts ten years each
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 |
|---|---|---|---|---|---|---|---|---|---|
| LB LandBridge Company LLC | $6.3B | 60.9× | 47.5× | +40.62% (above 0%: growing) | +43.33% (above 0%: growing) | +11.25% (above 0%: growing) | 98.30% | 66.07% | Compare |
| WFRD Weatherford International PLC | $5.5B | 14.9× | 16.5× | −8.22% (below 0%: shrinking) | −70.59% (below 0%: shrinking) | +77.50% (above 0%: growing) | 30.14% | 9.68% | Compare |
| SEI Solaris Energy Infrastructure, Inc. | $5.2B | 61.5× | 55.4× | +46.92% (above 0%: growing) | +13.33% (above 0%: growing) | −89.73% (below 0%: shrinking) | 57.55% | 25.76% | Compare |
| AROC Archrock, Inc. | $5.1B | 15.9× | 18.4× | −3.11% (below 0%: shrinking) | +5.56% (above 0%: growing) | +49.96% (above 0%: growing) | 65.86% | 34.58% | Compare |
| WHD Cactus, Inc. | $4.9B | 51.9× | 23.0× | +64.32% (above 0%: growing) | +18.64% (above 0%: growing) | +23.95% (above 0%: growing) | 33.31% | 18.59% | Compare |
| KGS Kodiak Gas Services, Inc. | $4.8B | 55.5× | 31.9× | +21.15% (above 0%: growing) | +22.73% (above 0%: growing) | −194.00% (below 0%: shrinking) | 63.09% | 31.76% | |
| OII Oceaneering International, Inc. | $4.3B | 12.6× | 21.4× | +10.03% (above 0%: growing) | +20.37% (above 0%: growing) | −31.05% (below 0%: shrinking) | 20.44% | 11.49% | Compare |
| TDW Tidewater Inc. | $3.9B | 16.0× | 23.4× | +0.25% (above 0%: growing) | −70.07% (below 0%: shrinking) | −15.92% (below 0%: shrinking) | 46.88% | 18.27% | Compare |
| USAC USA Compression Partners, LP | $3.6B | 23.9× | 23.3× | +36.79% (above 0%: growing) | +40.91% (above 0%: growing) | +7.22% (above 0%: growing) | 63.53% | 29.34% | Compare |
| Median of peers | $5.0B | 19.9× | 23.2× | +23.41% | +15.99% | +9.24% | 52.22% | 22.18% |
Kodiak Gas Services, Inc. (KGS) key facts
- Strength: Kodiak Gas Services, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $1.3 billion, up 12.8% from fiscal 2024.
- Strength: Net income was $81.6 million, or $0.90 per share (basic), a net margin of 6.00%.
- Kodiak Gas Services, Inc. (KGS) is an Oil & Gas Equipment & Services company in the Energy sector, listed on the New York Stock Exchange.
- As of October 16, 2026, KGS traded at $47.21, a market capitalization of $4.8 billion.
- At that price the stock trades at 55.5× trailing-twelve-month earnings and 3.2× sales; its P/E is higher than 49% of its own readings over the past ten years.
- Kodiak Gas Services, Inc. pays an annual dividend of $1.96 per share, a yield of 4.15%.
- Return on equity was 6.08% and debt-to-equity 1.28.
- Its Piotroski F-score is 6 out of 9 and its Altman Z-score is 1.18 (distress zone) for fiscal 2025.