KGS · Kodiak Gas Services, Inc. - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $345.76M | - | $322.74M | $322.84M | $329.64M | - | $324.65M | $309.65M | $215.49M | - |
| Cost of Revenue | - | - | - | - | - | - | - | - | - | - |
| Gross Profit | - | - | - | - | - | - | $121.90M | $112.92M | $84.98M | - |
| R&D | - | - | - | - | - | - | - | - | - | - |
| SG&A | $46.13M | - | $37.77M | $35.12M | $32.26M | - | $35.53M | $59.93M | $24.82M | - |
| Total Operating Expenses | $238.95M | - | $258.57M | $255.49M | $155.33M | - | $258.57M | $255.49M | $155.33M | - |
| D&A | $68.68M | - | $66.30M | $66.10M | $70.53M | - | $73.50M | $45.40M | $46.94M | - |
| Operating Income | $106.81M | - | $64.20M | $99.73M | $89.19M | - | $66.08M | $54.17M | $60.16M | - |
| Interest Expense | - | - | - | - | - | - | - | $52.13M | $39.74M | - |
| Income Tax | $2.76M | - | ($6.30M) | $13.45M | $10.52M | - | ($2.18M) | $2.34M | $9.88M | - |
| Net Income | $17.80M | - | ($14.01M) | $39.50M | $30.41M | - | ($5.65M) | $6.23M | $30.23M | - |
| EPS - Basic | $0.20 | - | ($0.17) | $0.44 | $0.34 | - | ($0.07) | $0.07 | $0.39 | - |
| EPS - Diluted | $0.20 | - | ($0.17) | $0.43 | $0.33 | - | ($0.07) | $0.06 | $0.39 | - |
Balance Sheet
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $94.36M | $3.18M | $724.0K | $5.43M | $1.95M | $4.75M | $7.43M | $3.85M | $9.31M | $5.56M |
| Accounts Receivable | $238.38M | $197.60M | $215.88M | $224.66M | $253.66M | $253.64M | $280.44M | $203.43M | $143.24M | $113.19M |
| Inventory | $103.93M | $101.53M | $101.24M | $101.00M | $99.80M | $103.34M | $118.08M | $119.65M | $82.91M | $76.24M |
| Accounts Payable | $71.83M | $72.97M | $75.97M | $50.38M | $71.72M | $57.56M | $85.85M | $65.59M | $60.72M | $49.84M |
| Current Assets | $459.54M | $323.14M | $341.46M | $345.52M | $387.08M | $383.66M | $443.36M | $352.36M | $263.25M | $230.96M |
| Total Assets | $4.49B | $4.32B | $4.37B | $4.38B | $4.44B | $4.44B | $4.49B | $4.44B | $3.32B | $3.24B |
| Current Liabilities | $359.97M | $385.94M | $349.01M | $313.32M | $329.87M | $319.37M | $348.79M | $334.43M | $237.90M | $210.63M |
| Long-term Debt | $2.79B | $2.56B | $2.61B | $2.55B | $2.59B | $2.58B | $2.60B | $2.49B | $1.83B | $1.79B |
| Total Liabilities | $3.32B | $3.11B | $3.12B | $3.03B | $3.08B | $3.06B | $3.10B | $2.98B | $2.17B | $2.10B |
| Stockholders' Equity | $1.18B | $1.21B | $1.25B | $1.35B | $1.36B | $1.37B | $1.40B | $1.14B | $1.14B | $1.14B |
| Retained Earnings | ($12.42M) | $12.80M | $31.57M | $86.01M | $87.09M | $93.64M | $111.21M | $152.22M | $178.47M | $178.12M |
Cash Flow
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $71.18M | - | - | - | $114.33M | - | - | - | $51.54M | - |
| Investing Cash Flow | ($114.90M) | - | - | - | ($68.18M) | - | - | - | ($60.15M) | - |
| Financing Cash Flow | $134.91M | - | - | - | ($48.95M) | - | - | - | $12.35M | - |
| CapEx | $118.37M | - | - | - | $77.55M | - | - | - | $60.15M | - |
| Free Cash Flow | ($47.19M) | - | - | - | $36.77M | - | - | - | ($8.61M) | - |
Ratios
| Metric | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | - | - | - | - | - | - | 37.5% | 36.5% | 39.4% | - |
| Operating margin | 30.9% | - | 19.9% | 30.9% | 27.1% | - | 20.4% | 17.5% | 27.9% | - |
| EBITDA margin | 50.8% | - | 40.4% | 51.4% | 48.5% | - | 43.0% | 32.2% | 49.7% | - |
| Net margin | 5.1% | - | -4.3% | 12.2% | 9.2% | - | -1.7% | 2.0% | 14.0% | - |
| Free cash flow margin | -13.6% | - | - | - | 11.2% | - | - | - | -4.0% | - |
| FCF / Net income | -2.65 | - | - | - | 1.21 | - | - | - | -0.28 | - |
| R&D / Revenue | - | - | - | - | - | - | - | - | - | - |
| SG&A / Revenue | 13.3% | - | 11.7% | 10.9% | 9.8% | - | 10.9% | 19.4% | 11.5% | - |
| Effective tax rate | 13.4% | - | - | 25.4% | 25.7% | - | - | 27.3% | 24.6% | - |
| Return on assets | 0.4% | - | -0.3% | 0.9% | 0.7% | - | -0.1% | 0.1% | 0.9% | - |
| Return on equity | 1.5% | - | -1.1% | 2.9% | 2.2% | - | -0.4% | 0.5% | 2.6% | - |
| Return on invested capital | 2.3% | - | 1.3% | 1.9% | 1.7% | - | 1.3% | 1.1% | 1.5% | - |
| Liquidity | ||||||||||
| Current ratio | 1.28 | 0.84 | 0.98 | 1.10 | 1.17 | 1.20 | 1.27 | 1.05 | 1.11 | 1.10 |
| Quick ratio | 0.99 | 0.57 | 0.69 | 0.78 | 0.87 | 0.88 | 0.93 | 0.70 | 0.76 | 0.73 |
| Cash ratio | 0.26 | 0.01 | 0.00 | 0.02 | 0.01 | 0.01 | 0.02 | 0.01 | 0.04 | 0.03 |
| Leverage | ||||||||||
| Debt / Equity | 2.37 | 2.12 | 2.08 | 1.89 | 1.91 | 1.88 | 1.86 | 2.17 | 1.60 | 1.57 |
| Debt / Assets | 0.62 | 0.59 | 0.60 | 0.58 | 0.58 | 0.58 | 0.58 | 0.56 | 0.55 | 0.55 |
| Debt / EBITDA | 15.88 | - | 19.99 | 15.35 | 16.21 | - | 18.59 | 24.98 | 17.07 | - |
| Interest coverage | - | - | - | - | - | - | - | 1.0x | 1.5x | - |
| Equity multiplier | 3.83 | 3.58 | 3.48 | 3.25 | 3.27 | 3.23 | 3.22 | 3.88 | 2.90 | 2.84 |
| Liabilities / Assets | 0.74 | 0.72 | 0.71 | 0.69 | 0.69 | 0.69 | 0.69 | 0.67 | 0.65 | 0.65 |
| Efficiency | ||||||||||
| Asset turnover | 0.08 | - | 0.07 | 0.07 | 0.07 | - | 0.07 | 0.07 | 0.06 | - |
| Inventory turnover | - | - | - | - | - | - | - | - | - | - |
| Days sales outstanding | 252d | - | 244d | 254d | 281d | - | 315d | 240d | 243d | - |
| Days inventory outstanding | - | - | - | - | - | - | - | - | - | - |
| Days payable outstanding | - | - | - | - | - | - | - | - | - | - |
| Cash conversion cycle | - | - | - | - | - | - | - | - | - | - |
| Valuation | ||||||||||
| P / E | 291.6x | - | - | 79.7x | 113.0x | - | - | 454.3x | 70.1x | - |
| P / B | 4.3x | - | 2.6x | 2.3x | 2.5x | - | 1.8x | 2.2x | 1.9x | - |
| P / S | 14.8x | - | 10.0x | 9.6x | 10.3x | - | 7.5x | 8.0x | 9.9x | - |
| EV / EBITDA | 44.4x | - | 44.7x | 33.9x | 37.4x | - | 36.1x | 49.8x | 36.9x | - |
| Growth | ||||||||||
| Revenue growth (YoY) | 4.9% | - | -0.6% | 4.3% | 53.0% | - | 77.7% | 52.3% | - | - |
| Revenue CAGR (3y) | - | - | - | - | - | - | - | - | - | - |
| Revenue CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Gross profit growth (YoY) | - | - | - | - | - | - | 51.2% | 77.4% | - | - |
| Operating income growth (YoY) | 19.8% | - | -2.8% | 84.1% | 48.3% | - | 13.4% | -12.7% | - | - |
| Net income growth (YoY) | -41.5% | - | -148.1% | 534.2% | 0.6% | - | - | -30.0% | - | - |
| EPS growth (YoY) | -39.4% | - | -142.9% | 616.7% | -15.4% | - | - | -60.0% | - | - |
| EPS CAGR (3y) | - | - | - | - | - | - | - | - | - | - |
| EPS CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| FCF growth (YoY) | - | - | - | - | - | - | - | - | - | - |
| FCF CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Book value growth (YoY) | -13.3% | -12.1% | -10.2% | 17.8% | 18.4% | 20.2% | 515.4% | 19.3% | - | - |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2025-12-31.
Business segments
$1.31B totalContract Services$1.18B · 90.3%
Other Services$126.83M · 9.7%
Product / service
$1.31B totalContract Services$1.18B · 90.3%
Service Other$126.83M · 9.7%
Peer comparison
Same SIC group: Natural Gas Transmission
Comparing Kodiak Gas Services against the 5 most active filers in the same SIC group.
Dividends
$1.92/share trailing 12 months · +14.3% YoY
| Ex-date | Per share |
|---|---|
| May 18, 2026 | $0.4900 |
| Feb 13, 2026 | $0.4900 |
| Nov 3, 2025 | $0.4900 |
| Aug 4, 2025 | $0.4500 |
| May 5, 2025 | $0.4500 |
| Feb 14, 2025 | $0.4100 |
| Nov 1, 2024 | $0.4100 |
| Aug 12, 2024 | $0.4100 |
| May 10, 2024 | $0.3800 |
| Feb 15, 2024 | $0.3800 |
| Nov 2, 2023 | $0.3800 |