Kodiak Gas Services, Inc. KGS R2K

Energy · Oil & Gas Equipment & Services · United States

https://www.kodiakgas.com

Kodiak Gas Services, Inc. operates and provides contract compression infrastructure for customers in the oil and gas industry in the United States. It operates in two segments, Contract Services and Other Services. The Contract Services segment operates company-owned and customer-owned compression, and gas treating and cooling infrastructure to enable the production, gathering, processing, and transportation of natural gas and oil. The Other Services segment provides a range of services to support the needs of customers, including station construction, maintenance and overhaul, freight and crane charges, parts sales, and other ancillary time and material-based offerings. The company was formerly known as Frontier TopCo, Inc. Kodiak Gas Services, Inc. was founded in 2010 and is headquartered in The Woodlands, Texas.

Market & Price

Market Cap

$6.75B

Current Price

$66.85

High / Low (52W)

$75.89 / $29.75

Beta

0.95

Valuation

Stock P/E

87.96

Industry PE

18.25

Forward P/E

22.14

PEG Ratio

Book Value

$13.57

Price to Book

4.93

P/S

5.09

EV/EBITDA

12.37

Dividend Yield

2.87%

Profitability & Returns

ROCE

7.93%

ROE

5.41%

ROA

5.99%

Profit Margin

5.13%

Op Margin

33.66%

EPS (Latest Qtr)

$0.20

EPS (TTM)

$0.76

Balance Sheet & Liquidity

Debt/Equity

2.42

Quick Ratio

0.95

Current Ratio

1.28

Debt

$2.84B

Total Assets

$4.32B

Current Assets

$323.14M

Working Capital

$-62.81M

Ownership

Promoter Holding

0.64%

Chg in Prom Hold

FII / Inst Holding

90.85%

Chg in FII Hold

-0.00%

Financial Snapshot

Enterprise Value

$8.69B

Total Revenue (TTM)

$1.32B

EBITDA

$702.56M

Free Cash Flow

$151.91M

Operating Cash Flow

$556.59M

Shares Outstanding

100.92M

Gross Margin

64.18%

Payout Ratio

247.37%

Growth (CAGR)

Revenue 5Y

22.71%

Profit 5Y

-8.83%

Revenue (YoY)

4.90%

Earnings (YoY)

-39.40%

PROS

Compounding revenue at 22.7% over 5 years.
Attractive dividend yield of 2.87%.
Generates positive free cash flow.
In a confirmed uptrend (50-DMA above 200-DMA).

CONS

Trading at a high P/E of 88.0.
Earnings shrank at -8.8% CAGR over 5 years.

* The pros and cons are auto-generated from financial metrics.

Price Chart

Robinhood TradingView StockAnalysis

Fundamental Growth

Period: Metric:

Figures from the latest reported periods. CAGR is computed across the displayed window (quarterly CAGR is annualised assuming 4 quarters per year).

Peer comparison

Peer companies in the same sector (Energy).

#	Name	CMP $	P/E	Mkt Cap	Div Yld %	ROCE %	ROE %	Rev CAGR 5Y %	Profit CAGR 5Y %
1	KGS Kodiak Gas Services, Inc. R2K	66.85	87.96	$6.75B	2.87%	7.93%	5.41%	22.71%	-8.83%
2	XOM Exxon Mobil Corporation SPX	145.26	24.45	$602.10B	2.84%	11.12%	9.87%	-6.69%	-19.72%
3	CVX Chevron Corporation SPX	182.46	31.73	$363.39B	3.90%	7.21%	6.64%	-7.85%	-29.74%
4	COP ConocoPhillips SPX	113.98	19.32	$138.86B	2.95%	12.63%	11.28%	-9.11%	-24.66%
5	WMB The Williams Companies, Inc. SPX	71.39	31.31	$87.31B	2.94%	9.66%	19.66%	2.91%	8.51%
6	SLB SLB N.V. SPX	54.55	24.03	$81.56B	2.16%	12.08%	14.07%	8.33%	-0.65%
7	VLO Valero Energy Corporation SPX	244.82	17.88	$72.70B	1.96%	8.12%	15.85%	-11.40%	-41.16%
8	MPC Marathon Petroleum Corporation SPX	248.77	16.37	$72.63B	1.57%	13.11%	27.46%	-9.23%	-34.67%
9	EOG EOG Resources, Inc. SPX	133.38	13.13	$71.04B	3.06%	14.00%	18.20%	-8.51%	-13.74%

Quarterly Results

Figures in USD.

Metric	Mar 2022	Jun 2022	Sep 2022	Mar 2023	Jun 2023	Sep 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026
Revenue	-	177.15M	182.65M	190.11M	203.31M	230.98M	215.49M	309.65M	-	-	329.64M	322.84M	322.74M	332.87M	345.76M
Cost of Revenue	-	-	-	-	-	-	-	-	-	-	198.99M	181.39M	182.54M	193.19M	191.56M
Gross Profit	-	63.64M	68.62M	73.46M	74.76M	80.61M	84.98M	112.92M	-	-	130.65M	141.46M	140.20M	139.68M	154.20M
Operating Expenses	-	-	-	-	-	-	-	-	-	-	32.26M	35.12M	37.77M	38.92M	46.13M
Operating Income	-	51.90M	58.25M	60.35M	62.06M	60.96M	60.16M	54.17M	-	-	98.40M	106.34M	102.43M	100.76M	108.07M
EBITDA	-	-	-	-	-	-	-	-	-	-	159.31M	165.32M	102.24M	161.16M	138.04M
Interest Expense	-	-	-	-	-	-	-	-	-	-	47.22M	45.76M	56.41M	48.98M	48.74M
Pretax Income	-	-	-	-	-	-	-	-	-	-	41.56M	53.43M	-20.50M	38.98M	20.62M
Tax Provision	-	-	-	-	-	-	-	-	-	-	10.52M	13.45M	-6.30M	14.22M	2.76M
Net Income	49.55M	8.90M	45.90M	-12.34M	17.52M	21.77M	30.23M	6.23M	-	-	30.41M	39.50M	-14.01M	24.62M	17.80M
Diluted EPS	495,550.00	0.15	0.78	-0.21	0.30	0.28	0.39	0.06	-	-	0.33	0.43	-0.17	0.28	0.20

Profit & Loss (Annual)

Figures in USD.

Metric	Dec 2021	Dec 2022	Dec 2023	Dec 2024	Dec 2025
Revenue	-	707.91M	850.38M	1.16B	1.31B
Cost of Revenue	-	441.81M	533.74M	718.65M	756.11M
Gross Profit	-	266.10M	316.64M	440.66M	551.99M
Operating Expenses	-	44.88M	73.31M	151.68M	144.07M
Operating Income	-	221.22M	243.33M	288.98M	407.92M
EBITDA	-	479.69M	440.52M	533.32M	588.03M
Interest Expense	-	165.87M	222.51M	197.14M	198.37M
Pretax Income	-	139.36M	35.14M	75.91M	113.47M
Tax Provision	-	33.09M	15.07M	25.57M	31.88M
Net Income	-	106.27M	20.07M	49.90M	80.52M
Diluted EPS	-	1.42	0.29	0.56	0.89

Compounded Sales Growth

5 Years:	22.71%
1 Year:	4.90%

Compounded Profit Growth

5 Years:	-8.83%
1 Year:	-39.40%

Stock Price Performance

1 Year:	+97.91%
6 Months:	+94.12%
3 Months:	+23.33%
1 Month:	+0.75%

Balance Sheet (Annual)

Figures in USD.

Metric	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024	Dec 2025
Total Assets	-	-	3.21B	3.24B	4.44B	4.32B
Current Assets	-	-	204.03M	230.96M	383.66M	323.14M
Cash & Equivalents	-	-	20.43M	5.56M	4.75M	3.18M
Inventory	-	-	72.16M	76.24M	103.34M	101.53M
Receivables	-	-	97.55M	113.19M	253.64M	197.60M
Total Liabilities	-	-	2.98B	2.10B	3.06B	3.11B
Current Liabilities	-	-	188.97M	210.63M	319.37M	385.94M
Long Term Debt	-	-	2.72B	1.79B	2.58B	2.56B
Total Debt	-	-	2.73B	1.83B	2.65B	2.61B
Total Equity	755.29M	-	229.09M	1.14B	1.36B	1.20B
Shares Outstanding	-	-	77.40M	77.40M	89.23M	90.25M

Cash Flows (Annual)

Figures in USD.

Metric	Dec 2021	Dec 2022	Dec 2023	Dec 2024	Dec 2025
Operating Cash Flow	-	219.85M	266.33M	327.99M	599.74M
Investing Cash Flow	-	-251.38M	-218.42M	-292.47M	-285.29M
Financing Cash Flow	-	23.17M	-62.77M	-36.33M	-316.02M
Capital Expenditure	-	-259.35M	-219.79M	-336.96M	-315.47M
Free Cash Flow	-	-39.50M	46.53M	-8.97M	284.27M
Net Change in Cash	-	-8.36M	-14.87M	-812.00K	-1.57M
Share Buybacks	-	0	0	40.00M	103.97M

Ratios (Annual)

Figures in %.

Metric	Dec 2021	Dec 2022	Dec 2023	Dec 2024	Dec 2025
Gross Margin %	-	37.6%	37.2%	38.0%	42.2%
Operating Margin %	-	31.2%	28.6%	24.9%	31.2%
Net Margin %	-	15.0%	2.4%	4.3%	6.2%
ROE %	-	46.4%	1.8%	3.7%	6.7%
ROCE %	-	7.3%	8.0%	7.0%	10.4%

Shareholding Pattern

Insiders

0.64%

Institutions

90.85%

Public Float

91.43%

Top Institutional Holders

#	Holder	% Held	Shares	Value
1	Blackrock Inc.	13.87%	12.31M	$822.86M
2	Invesco Ltd.	9.22%	8.18M	$547.17M
3	FMR, LLC	5.14%	4.56M	$305.08M
4	Vanguard Capital Management LLC	4.19%	3.72M	$248.85M
5	State Street Corporation	3.87%	3.43M	$229.49M
6	Dimensional Fund Advisors LP	3.50%	3.11M	$207.61M
7	American Century Companies Inc	2.76%	2.45M	$163.58M
8	Zimmer Partners, Lp	2.68%	2.38M	$159.23M
9	Goldman Sachs Group Inc	2.38%	2.11M	$141.34M
10	Price (T.Rowe) Associates Inc	2.31%	2.05M	$137.05M

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KGS · Energy