Kodiak Gas Services, Inc. (KGS)
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.
- Symbol
- KGS
- Exchange
- NYSE
- Sector
- Energy
- Industry
- Oil & Gas Equipment & Services
- Market cap
- $5.46B
- 52 week range
- 32.55 - 77.68
Valuation
- Share price
- $53.30 (close of 2026-09-23)
- P/E (TTM)
- 62.95x
- Price to book
- 2.52x
- Price to free cash flow
- 1091.02x
- Enterprise value
- $8.14B
- Book value per share
- $21.45
Price performance
| Period | Change |
|---|
| 1 day | -5.23% |
| 5 days | -7.63% |
| 1 month | -13.28% |
| 3 months | -25.65% |
| 6 months | -8.89% |
| Year to date | +42.51% |
| 1 year | +52.07% |
| 3 years | +202.15% |
| All time | +239.49% |
Profitability and growth
- Return on equity
- 6.67%
- Return on invested capital
- 8.08%
- Return on assets
- 1.86%
- Return on capital employed
- 8.65%
- Gross margin
- 37.01%
- Net margin
- 6.16%
- EBITDA margin
- 47.11%
- Revenue growth
- 12.83%
- Net income growth
- 61.38%
- Free cash flow growth
- 3269.45%
Cash flow and balance sheet
- Free cash flow yield (TTM)
- 0.09%
- Current ratio
- 1.45x
- Net debt to EBITDA
- 4.44x
Latest reported year
- Period end
- 2025-12-31
- Fiscal year
- 2025
- Revenue
- $1.31B
- Cost of revenue
- $824.02M
- Gross profit
- $484.08M
- EBITDA
- $616.20M
- Net income
- $80.52M
- Earnings per share
- $0.90
- Shares outstanding
- 87.20M
Income statement by year
| Period end | Revenue | Gross profit | Net income | EPS |
|---|
| 2025-12-31 | $1.31B | $484.08M | $80.52M | $0.90 |
| 2024-12-31 | $1.16B | $401.13M | $49.90M | $0.58 |
| 2023-12-31 | $850.38M | $316.64M | $20.07M | $0.29 |
| 2022-12-31 | $707.91M | $266.10M | $106.27M | $1.80 |
| 2021-12-31 | $606.38M | $236.15M | $180.96M | $3.07 |
Margins and returns by year
| Period end | Gross margin | Net margin | Return on equity | Return on capital |
|---|
| 2025-12-31 | 37.01% | 6.16% | 6.67% | 8.08% |
| 2024-12-31 | 34.60% | 4.30% | 3.63% | 5.57% |
| 2023-12-31 | 37.24% | 2.36% | 1.76% | 7.73% |
| 2022-12-31 | 37.59% | 15.01% | 46.39% | 6.43% |
| 2021-12-31 | 38.95% | 29.84% | 18.85% | 20.29% |
Cash and debt by year
| Period end | Cash | Debt |
|---|
| 2025-12-31 | $3.18M | $2.56B |
| 2024-12-31 | $4.75M | $2.58B |
| 2023-12-31 | $5.56M | $1.79B |
| 2022-12-31 | $20.43M | $2.72B |
| 2021-12-31 | $28.80M | - |
Free cash flow by year
| Period end | Free cash flow | Stock-based compensation |
|---|
| 2025-12-31 | $284.27M | $24.53M |
| 2024-12-31 | $-8.97M | $17.66M |
| 2023-12-31 | $46.53M | $5.91M |
| 2022-12-31 | $-39.50M | $971.00K |
| 2021-12-31 | $48.04M | $1.22M |
Dividend history
- Most recent payment
- 2026-08-17
- Paid in the last twelve months
- $1.96
| Payment date | Dividend per share |
|---|
| 2026-08-17 | $0.49 |
| 2026-05-18 | $0.49 |
| 2026-02-13 | $0.49 |
| 2025-11-03 | $0.49 |
| 2025-08-04 | $0.45 |
| 2025-05-05 | $0.45 |
| 2025-02-14 | $0.41 |
| 2024-11-01 | $0.41 |
Investor relations
Next earnings report
- Next confirmed report
- 2026-11-03
- Consensus EPS estimate
- $0.64
Past earnings dates
| Reported | Fiscal period | EPS estimate |
|---|
| 2026-08-06 | Jun/2026 | $0.67 |
| 2026-05-11 | - | - |
| 2026-02-25 | - | - |
| 2025-11-04 | - | - |
| 2025-08-06 | - | - |
| 2025-05-07 | - | - |
| 2025-03-05 | - | - |
| 2024-11-06 | - | - |
Filings and sources
- Company website
- kodiakgas.com
- SEC filings
- 10-K, 10-Q and 8-K on EDGAR
- Earnings calendar
- All upcoming reports
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