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.

Ticker
KGS
Exchange
NYSE
Sector
Energy
Industry
Oil & Gas Equipment & Services
Market cap
$4.20B
52-week range
$32.55 - $77.68

Valuation

Share price
$41.67 (close of Nov 6, 2026)
P/E (TTM)
48.45x
Price to book
1.94x
Price to free cash flow
839.72x
Enterprise value
$6.88B
Book value per share
$21.45

Price performance

PeriodChange
1 day+7.04%
5 days-11.08%
1 month-25.44%
3 months-26.71%
6 months-41.64%
Year to date+11.42%
1 year+22.63%
3 years+142.97%
All time+165.41%

Short interest

As of
Oct 15, 2026
Short % of float
9.78%
Shares short
7.83M
Days to cover
4.36
Change since prior report
-6.17%
Source
FINRA consolidated short interest

Profitability and growth

Return on equity
6.67%
Return on invested capital
8.07%
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%

Cash flow and balance sheet

Free cash flow yield (TTM)
0.12%
Current ratio
1.45x
Net debt to EBITDA
4.44x

Latest reported year

Period end
Dec 31, 2025
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
Interest expense
$198.37M
Shares outstanding
87.20M

Income statement by year

Period endRevenueGross profitNet incomeEPS
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
2020-12-31$532.42M$207.47M-$2.19M-

Margins and returns by year

Period endGross marginNet marginReturn on equityReturn on capital
2025-12-3137.01%6.16%6.67%8.07%
2024-12-3134.60%4.30%3.63%5.57%
2023-12-3137.24%2.36%1.76%7.72%
2022-12-3137.59%15.01%46.39%6.39%
2021-12-3138.95%29.84%18.85%6.74%
2020-12-3138.97%-0.41%-0.29%6.05%

Cash and debt by year

Period endCashDebt
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$1.85B
2020-12-31$24.11M$392.48M

Free cash flow by year

Period endFree cash flowStock-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
2020-12-31-$53.41M-

Dividend history

Most recent payment
Aug 17, 2026
Paid in the last twelve months
$1.47
Payment dateDividend 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
Nov 9, 2026
Consensus EPS estimate
$0.64

Past earnings dates

ReportedFiscal periodEPS estimate
2026-08-06Jun 2026$0.67
2026-05-11Mar 2026$0.54
2026-02-25Dec 2025$0.53
2025-11-04Sep 2025$0.50
2025-08-06Jun 2025$0.46
2025-05-07Mar 2025$0.39
2025-03-05Dec 2024$0.26
2024-11-06Sep 2024$0.26

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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