Kodiak Gas Services Inc Financials
This page shows Kodiak Gas Services Inc (KGS) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 4 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Financial Health Signals
Based on FY2024 annual data. Scores normalized against common benchmarks. How we calculate these scores
Kodiak Gas Services Inc has an operating margin of 21.5%, meaning the company retains $22 of operating profit per $100 of revenue. This strong profitability earns a score of 100/100, reflecting efficient cost management and pricing power. This is down from 28.7% the prior year.
Kodiak Gas Services Inc's revenue surged 36.3% year-over-year to $1.2B, reflecting rapid business expansion. This strong growth earns a score of 100/100.
Kodiak Gas Services Inc has a moderate D/E ratio of 1.88. This balance of debt and equity financing earns a leverage score of 41/100.
Kodiak Gas Services Inc's current ratio of 1.20 means current assets barely cover short-term liabilities. This tight liquidity results in a low score of 28/100, which could limit financial flexibility.
While Kodiak Gas Services Inc generated $328.0M in operating cash flow, capex of $337.0M consumed most of it, leaving -$9.0M in free cash flow. This results in a low score of 0/100, reflecting heavy capital investment rather than weak cash generation.
Kodiak Gas Services Inc generates a 3.6% ROE, indicating limited profit relative to shareholders' investment. This results in a returns score of 15/100. This is up from 1.8% the prior year.
Kodiak Gas Services Inc scores 1.33, below the 1.81 distress threshold. The score is driven primarily by a large market capitalization ($4.3B) relative to total liabilities ($3.1B). This indicates elevated financial distress risk and warrants close attention to liquidity and debt levels.
Kodiak Gas Services Inc passes 6 of 9 financial strength tests. All 4 profitability signals pass (positive income, cash flow, and earnings quality), 1 of 3 leverage/liquidity signals pass, 1 of 2 efficiency signals pass.
For every $1 of reported earnings, Kodiak Gas Services Inc generates $6.57 in operating cash flow ($328.0M OCF vs $49.9M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.
Key Financial Metrics
Kodiak Gas Services Inc generated $1.2B in revenue in fiscal year 2024. This represents an increase of 36.3% from the prior year.
Kodiak Gas Services Inc's EBITDA was $509.7M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 19.4% from the prior year.
Kodiak Gas Services Inc generated -$9.0M in free cash flow in fiscal year 2024, representing cash available after capex. This represents a decrease of 119.3% from the prior year.
Kodiak Gas Services Inc reported $49.9M in net income in fiscal year 2024. This represents an increase of 148.7% from the prior year.
Kodiak Gas Services Inc earned $0.56 per diluted share (EPS) in fiscal year 2024. This represents an increase of 93.1% from the prior year.
Kodiak Gas Services Inc held $4.8M in cash against $2.6B in long-term debt as of fiscal year 2024.
Kodiak Gas Services Inc had 88M shares outstanding in fiscal year 2024. This represents an increase of 13.4% from the prior year.
Kodiak Gas Services Inc's gross margin was 60.5% in fiscal year 2024, indicating the percentage of revenue retained after direct costs. This is up 23.2 percentage points from the prior year.
Kodiak Gas Services Inc's operating margin was 21.5% in fiscal year 2024, reflecting core business profitability. This is down 7.2 percentage points from the prior year.
Kodiak Gas Services Inc's net profit margin was 4.3% in fiscal year 2024, showing the share of revenue converted to profit. This is up 1.9 percentage points from the prior year.
Kodiak Gas Services Inc's ROE was 3.6% in fiscal year 2024, measuring profit generated per dollar of shareholder equity. This is up 1.9 percentage points from the prior year.
Kodiak Gas Services Inc spent $40.0M on share buybacks in fiscal year 2024, returning capital to shareholders by reducing shares outstanding.
Kodiak Gas Services Inc invested $337.0M in capex in fiscal year 2024, funding long-term assets and infrastructure. This represents an increase of 53.3% from the prior year.
KGS Income Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q4'23 | Q3'24 | Q2'24 | Q1'24 | Q4'22 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $322.7M0.0% | $322.8M-2.1% | $329.6M+45.9% | $226.0M-2.2% | $231.0M+13.6% | $203.3M+6.9% | $190.1M | N/A |
| Cost of Revenue | $116.2M+0.8% | $115.3M-10.3% | $128.5M | N/A | N/A | N/A | N/A | N/A |
| Gross Profit | $206.5M-0.5% | $207.6M+3.2% | $201.2M+129.1% | $87.8M+8.9% | $80.6M+7.8% | $74.8M+1.8% | $73.5M | N/A |
| R&D Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A Expenses | $37.8M+7.5% | $35.1M+8.9% | $32.3M+18.9% | $27.1M+38.1% | $19.6M+46.2% | $13.4M+2.7% | $13.1M | N/A |
| Operating Income | $64.2M-35.6% | $99.7M+11.8% | $89.2M+46.8% | $60.7M-0.4% | $61.0M-1.8% | $62.1M+2.8% | $60.4M | N/A |
| Interest Expense | N/A | $52.1M+31.2% | $39.7M-1.8% | $40.5M+1.9% | $39.7M-46.1% | $73.7M+7.3% | $68.7M | N/A |
| Income Tax | -$6.3M-146.9% | $13.4M+27.8% | $10.5M+98.4% | $5.3M-32.9% | $7.9M+35.1% | $5.9M+246.6% | -$4.0M | N/A |
| Net Income | -$14.0M-135.5% | $39.5M+29.9% | $30.4M+542.4% | -$6.9M-131.6% | $21.8M+24.3% | $17.5M+241.9% | -$12.3M | N/A |
| EPS (Diluted) | $-0.17-139.5% | $0.43+30.3% | $0.33+512.5% | $-0.08-128.6% | $0.28-6.7% | $0.30+242.9% | $-0.21 | N/A |
KGS Balance Sheet
| Metric | Q3'25 | Q2'25 | Q1'25 | Q4'23 | Q3'24 | Q2'24 | Q1'24 | Q4'22 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $4.4B-0.1% | $4.4B-1.4% | $4.4B+36.7% | $3.2B0.0% | $3.2B-0.5% | $3.3B+1.5% | $3.2B+0.3% | $3.2B |
| Current Assets | $341.5M-1.2% | $345.5M-10.7% | $387.1M+67.6% | $231.0M+6.7% | $216.5M-17.4% | $262.2M | N/A | $204.0M |
| Cash & Equivalents | $724K-86.7% | $5.4M+178.4% | $1.9M-64.9% | $5.6M-9.2% | $6.1M-85.2% | $41.4M+195.5% | $14.0M-31.5% | $20.4M |
| Inventory | $101.2M+0.2% | $101.0M+1.2% | $99.8M+30.9% | $76.2M+8.0% | $70.6M-8.1% | $76.8M | N/A | $72.2M |
| Accounts Receivable | $215.9M-3.9% | $224.7M-11.4% | $253.7M+124.1% | $113.2M-3.2% | $116.9M-2.0% | $119.3M | N/A | $97.6M |
| Goodwill | $408.7M-1.6% | $415.2M0.0% | $415.2M+35.9% | $305.6M0.0% | $305.6M0.0% | $305.6M | N/A | $305.6M |
| Total Liabilities | $3.1B+3.0% | $3.0B-1.7% | $3.1B+46.6% | $2.1B+1.4% | $2.1B-32.5% | $3.1B+2.4% | $3.0B+0.7% | $3.0B |
| Current Liabilities | $349.0M+11.4% | $313.3M-5.0% | $329.9M+56.6% | $210.6M-5.6% | $223.2M+6.4% | $209.8M | N/A | $189.0M |
| Long-Term Debt | $2.6B+2.5% | $2.5B-1.7% | $2.6B+44.5% | $1.8B+2.5% | $1.7B-36.9% | $2.8B | N/A | $2.7B |
| Total Equity | $1.3B-7.0% | $1.3B-0.5% | $1.4B+18.7% | $1.1B-2.5% | $1.2B+507.5% | $192.9M-11.3% | $217.4M-5.1% | $229.1M |
| Retained Earnings | $31.6M-63.3% | $86.0M-1.2% | $87.1M-51.1% | $178.1M-17.0% | $214.6M+11.6% | $192.3M | N/A | $195.3M |
KGS Cash Flow Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q4'23 | Q3'24 | Q2'24 | Q1'24 | Q4'22 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $113.4M-36.0% | $177.2M+55.0% | $114.3M+82.6% | $62.6M-26.9% | $85.7M-9.4% | $94.7M+306.5% | $23.3M-29.4% | $33.0M |
| Capital Expenditures | $102.5M+24.0% | $82.6M+6.5% | $77.6M+4.5% | $74.2M+44.0% | $51.5M+13.4% | $45.5M-6.4% | $48.6M-18.5% | $59.6M |
| Free Cash Flow | $10.9M-88.5% | $94.6M+157.1% | $36.8M+417.2% | -$11.6M-133.9% | $34.2M-30.5% | $49.2M+294.6% | -$25.3M+5.1% | -$26.6M |
| Investing Cash Flow | -$93.1M-25.2% | -$74.4M-9.1% | -$68.2M+7.7% | -$73.9M-43.2% | -$51.6M-16.1% | -$44.4M+8.6% | -$48.6M+18.5% | -$59.6M |
| Financing Cash Flow | -$25.0M+74.9% | -$99.3M-102.9% | -$49.0M-559.0% | $10.7M+115.4% | -$69.4M-203.2% | -$22.9M-221.4% | $18.9M-26.7% | $25.7M |
| Dividends Paid | $40.0M-0.4% | $40.1M+10.2% | $36.4M+22.3% | $29.8M | $0-100.0% | $42.3M | $0 | N/A |
| Share Buybacks | $50.4M+403.6% | $10.0M+0.4% | $10.0M | $0 | N/A | N/A | N/A | N/A |
KGS Financial Ratios
| Metric | Q3'25 | Q2'25 | Q1'25 | Q4'23 | Q3'24 | Q2'24 | Q1'24 | Q4'22 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 64.0%-0.3pp | 64.3%+3.3pp | 61.0%+22.2pp | 38.9%+4.0pp | 34.9%-1.9pp | 36.8%-1.9pp | 38.6% | N/A |
| Operating Margin | 19.9%-11.0pp | 30.9%+3.8pp | 27.1%+0.2pp | 26.9%+0.5pp | 26.4%-4.1pp | 30.5%-1.2pp | 31.8% | N/A |
| Net Margin | -4.3%-16.6pp | 12.2%+3.0pp | 9.2%+12.3pp | -3.0%-12.5pp | 9.4%+0.8pp | 8.6%+15.1pp | -6.5% | N/A |
| Return on Equity | 1.4%-1.5pp | 2.9%+0.7pp | 2.2% | N/A | 1.9%-7.2pp | 9.1% | N/A | N/A |
| Return on Assets | -0.3%-1.2pp | 0.9%+0.2pp | 0.7%+0.9pp | -0.2%-0.9pp | 0.7%+0.1pp | 0.5%+0.9pp | -0.4% | N/A |
| Current Ratio | 0.98-0.1 | 1.10-0.1 | 1.17+0.1 | 1.10+0.1 | 0.97-0.3 | 1.25 | N/A | 1.08 |
| Debt-to-Equity | 2.08+0.2 | 1.89-0.0 | 1.91+0.3 | 1.57+0.1 | 1.49-12.9 | 14.36+0.6 | 13.78+1.9 | 11.87 |
| FCF Margin | 3.4%-25.9pp | 29.3%+18.1pp | 11.2%+16.3pp | -5.1%-19.9pp | 14.8%-9.4pp | 24.2%+37.5pp | -13.3% | N/A |
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Frequently Asked Questions
What is Kodiak Gas Services Inc's annual revenue?
Kodiak Gas Services Inc (KGS) reported $1.2B in total revenue for fiscal year 2024. This represents a 36.3% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Kodiak Gas Services Inc's revenue growing?
Kodiak Gas Services Inc (KGS) revenue grew by 36.3% year-over-year, from $850.4M to $1.2B in fiscal year 2024.
Is Kodiak Gas Services Inc profitable?
Yes, Kodiak Gas Services Inc (KGS) reported a net income of $49.9M in fiscal year 2024, with a net profit margin of 4.3%.
What is Kodiak Gas Services Inc's earnings per share (EPS)?
Kodiak Gas Services Inc (KGS) reported diluted earnings per share of $0.56 for fiscal year 2024. This represents a 93.1% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.
What is Kodiak Gas Services Inc's EBITDA?
Kodiak Gas Services Inc (KGS) had EBITDA of $509.7M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Kodiak Gas Services Inc have?
As of fiscal year 2024, Kodiak Gas Services Inc (KGS) had $4.8M in cash and equivalents against $2.6B in long-term debt.
What is Kodiak Gas Services Inc's gross margin?
Kodiak Gas Services Inc (KGS) had a gross margin of 60.5% in fiscal year 2024, indicating the percentage of revenue retained after direct costs of goods sold.
What is Kodiak Gas Services Inc's operating margin?
Kodiak Gas Services Inc (KGS) had an operating margin of 21.5% in fiscal year 2024, reflecting the profitability of core business operations before interest and taxes.
What is Kodiak Gas Services Inc's net profit margin?
Kodiak Gas Services Inc (KGS) had a net profit margin of 4.3% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.
What is Kodiak Gas Services Inc's return on equity (ROE)?
Kodiak Gas Services Inc (KGS) has a return on equity of 3.6% for fiscal year 2024, measuring how efficiently the company generates profit from shareholder equity.
What is Kodiak Gas Services Inc's free cash flow?
Kodiak Gas Services Inc (KGS) generated -$9.0M in free cash flow during fiscal year 2024. This represents a -119.3% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Kodiak Gas Services Inc's operating cash flow?
Kodiak Gas Services Inc (KGS) generated $328.0M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.
What are Kodiak Gas Services Inc's total assets?
Kodiak Gas Services Inc (KGS) had $4.4B in total assets as of fiscal year 2024, including both current and long-term assets.
What are Kodiak Gas Services Inc's capital expenditures?
Kodiak Gas Services Inc (KGS) invested $337.0M in capital expenditures during fiscal year 2024, funding long-term assets and infrastructure.
Does Kodiak Gas Services Inc buy back shares?
Yes, Kodiak Gas Services Inc (KGS) spent $40.0M on share buybacks during fiscal year 2024, returning capital to shareholders by reducing shares outstanding.
How many shares does Kodiak Gas Services Inc have outstanding?
Kodiak Gas Services Inc (KGS) had 88M shares outstanding as of fiscal year 2024.
What is Kodiak Gas Services Inc's current ratio?
Kodiak Gas Services Inc (KGS) had a current ratio of 1.20 as of fiscal year 2024, which is considered adequate.
What is Kodiak Gas Services Inc's debt-to-equity ratio?
Kodiak Gas Services Inc (KGS) had a debt-to-equity ratio of 1.88 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Kodiak Gas Services Inc's return on assets (ROA)?
Kodiak Gas Services Inc (KGS) had a return on assets of 1.1% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.
What is Kodiak Gas Services Inc's Altman Z-Score?
Kodiak Gas Services Inc (KGS) has an Altman Z-Score of 1.33, placing it in the Distress Zone (elevated bankruptcy risk). The Z-Score combines five financial ratios—working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets—to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
What is Kodiak Gas Services Inc's Piotroski F-Score?
Kodiak Gas Services Inc (KGS) has a Piotroski F-Score of 6 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Kodiak Gas Services Inc's earnings high quality?
Kodiak Gas Services Inc (KGS) has an earnings quality ratio of 6.57x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
How financially healthy is Kodiak Gas Services Inc?
Kodiak Gas Services Inc (KGS) scores 47 out of 100 on our Financial Profile, indicating moderate overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.