NYSE · Financial Statements

Kodiak Gas Services, Inc. (KGS) Financial Statements

$44.31 NYSE: KGS Market Cap $4.48B

Kodiak Gas Services, Inc. most recently reported annual revenue of $1.3B, net profit of $81.0M. Revenue grew at an average annual rate of 19.7% over the last 5 fiscal years. See the full income statement, balance sheet, and cash flow statement below, plus valuation and return ratios.

Kodiak Gas Services, Inc.: Revenue rose from $532.0M in 2020 to $1.3B in 2025, a change of +145.9% over 5 years; net profit was positive in 5 of 6 reported years; operating margin was broadly flat at about 31.7%; the most recent year shows net profit of $81.0M.

Income Statement — 6 Years (USD millions)

Metric	2020	2021	2022	2023	2024	2025
Revenue	$532.0M	$606.0M	$708.0M	$850.0M	$1.2B	$1.3B
Operating Expenses	$364.0M	$417.0M	$486.0M	$606.0M	$910.0M	$894.0M
Operating Profit	$168.0M	$189.0M	$222.0M	$244.0M	$249.0M	$415.0M
Operating Margin	31.6%	31.2%	31.4%	28.7%	21.5%	31.7%
Other Income	$-163.0M	$-67.0M	$-83.0M	$-209.0M	$-174.0M	$-301.0M
Interest	$113.0M	$85.0M	$166.0M	$223.0M	$197.0M	$198.0M
Depreciation	$146.0M	$160.0M	$174.0M	$183.0M	$260.0M	$279.0M
Profit Before Tax	$5.0M	$122.0M	$139.0M	$35.0M	$76.0M	$113.0M
Tax	$141.0M	$-47.9M	$23.8M	$42.9M	$33.7M	$28.1M
Net Profit	$-2.0M	$181.0M	$106.0M	$20.0M	$50.0M	$81.0M
EPS	$-0.03	$2.41	$1.42	$0.29	$0.56	$0.89
Dividend Payout	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%

Quarterly Results — Last 12 Quarters (USD millions)

6 duplicate period labels in the source data were collapsed.

Metric	Sep '23	Dec '23	Mar '24	Jun '24	Sep '24	Dec '24	Mar '25	Jun '25	Sep '25	Dec '25	Mar '26	Jun '26
Revenue	$231.0M	$226.0M	$215.0M	$310.0M	$325.0M	$310.0M	$330.0M	$323.0M	$323.0M	$333.0M	$346.0M	$391.0M
Operating Expenses	$170.0M	$165.0M	$155.0M	$255.0M	$259.0M	$240.0M	$229.0M	$217.0M	$219.0M	$229.0M	$229.0M	$267.0M
Operating Profit	$61.0M	$61.0M	$60.0M	$54.0M	$66.0M	$69.0M	$101.0M	$106.0M	$104.0M	$104.0M	$116.0M	$124.0M
Operating Margin	26.4%	26.9%	27.9%	17.5%	20.4%	22.3%	30.5%	32.9%	32.2%	31.1%	33.7%	31.8%
Interest	$40.0M	$40.0M	$40.0M	$52.0M	$54.0M	$51.0M	$47.0M	$46.0M	$56.0M	$49.0M	$49.0M	$50.0M
Profit Before Tax	$30.0M	$-2.0M	$40.0M	$9.0M	$-8.0M	$35.0M	$42.0M	$53.0M	$-20.0M	$39.0M	$21.0M	$73.0M
Tax	$26.6M	$-338.1M	$24.6M	$25.8M	$26.0M	$44.2M	$25.3M	$25.2M	$30.7M	$36.5M	$13.4M	$28.8M
Net Profit	$22.0M	$-7.0M	$30.0M	$6.0M	$-6.0M	$19.0M	$30.0M	$39.0M	$-14.0M	$25.0M	$18.0M	$52.0M
EPS	$0.28	$-0.09	$0.39	$0.06	$-0.07	$0.21	$0.33	$0.43	$-0.17	$0.30	$0.20	$0.53

Over the 6 years reported for Kodiak Gas Services, Inc., borrowings decreased from $1.9B in 2020 to $44.0M in 2025, cash stood at $3.0M in the latest year, shareholders' equity was $1.0M, current assets covered current liabilities 0.84 times.

Balance Sheet — 6 Years (USD millions)

Metric	2020	2021	2022	2023	2024	2025
Total Assets	$3.3B	$3.0B	$3.2B	$3.2B	$4.4B	$4.3B
Current Assets	$142.0M	$164.0M	$204.0M	$231.0M	$384.0M	$323.0M
Cash	$24.0M	$29.0M	$20.0M	$6.0M	$5.0M	$3.0M
Inventory	$45.0M	$48.0M	$72.0M	$76.0M	$103.0M	$102.0M
Receivables	$65.0M	$81.0M	$101.0M	$131.0M	$261.0M	$203.0M
Fixed Assets	$2.3B	$2.4B	$2.5B	$2.6B	$3.5B	$3.4B
Capital Work in Progress	$0	$0	$0	$0	$0	$0
Investments	$151.0M	$0	$65.0M	$14.0M	$18.0M	$0
Other Assets	$306.0M	$306.0M	$306.0M	$306.0M	$415.0M	$409.0M
Total Liabilities	$2.5B	$2.1B	$3.0B	$2.1B	$3.1B	$3.1B
Current Liabilities	$1.6B	$144.0M	$189.0M	$211.0M	$319.0M	$386.0M
Borrowings	$1.9B	$1.8B	$2.7B	$1.8B	$2.6B	$44.0M
Other Liabilities	$636.0M	$206.0M	$247.0M	$276.0M	$414.0M	$3.1B
Equity	$0	$0	$1.0M	$1.0M	$1.0M	$1.0M
Reserves	$755.0M	$960.0M	$229.0M	$1.1B	$1.4B	$1.2B

For Kodiak Gas Services, Inc., operating cash flow was positive in 6 of 6 reported years; free cash flow in the latest year was $284.0M; free cash flow was positive in 3 of 6 years; financing activities used $109.0M in the latest year, which covers debt repayment, dividends and buybacks.

Cash Flow Statement — 6 Years (USD millions)

Metric	2020	2021	2022	2023	2024	2025
Operating Cash Flow	$244.0M	$250.0M	$220.0M	$266.0M	$328.0M	$600.0M
Investing Cash Flow	$-594.0M	$-404.0M	$-511.0M	$-438.0M	$-629.0M	$-601.0M
Financing Cash Flow	$0	$23.0M	$-28.0M	$-12.0M	$-45.0M	$-109.0M
Net Cash Flow	$21.0M	$5.0M	$-8.0M	$-15.0M	$-1.0M	$-2.0M
Free Cash Flow	$-53.0M	$48.0M	$-40.0M	$47.0M	$-9.0M	$284.0M

Valuation & Return Ratios

Metric	Value
PEG Ratio	-14.20
EV / EBITDA	9.00
FCF Yield	0.09%
Quick Ratio	1.15
Interest Coverage	2.20
Return 1Y	98.89%
Return 3Y	319.73%
Return 5Y	—

Kodiak Gas Services, Inc. (KGS) financials — frequently asked questions

What is Kodiak Gas Services, Inc.'s annual revenue?

Kodiak Gas Services, Inc. (KGS) reported annual revenue of $1.3B in its most recent fiscal year.

What is Kodiak Gas Services, Inc.'s net profit?

Kodiak Gas Services, Inc. (KGS) reported net profit of $81.0M in its most recent fiscal year.

What is KGS EV/EBITDA?

Kodiak Gas Services, Inc.'s enterprise value to EBITDA (EV/EBITDA) ratio is 9.00.

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