KGSNYSENatural Gas TransmissionFiscal year ends December 31
Kodiak Gas Services, Inc.
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Aug 7, 2026
$47.16−0.05 (-0.11%)
Close on Oct 19, 2026
- Market cap
- $4.57B
- P/E (TTM)
- 56.1
- Dividend yield
- 3.82%
Margins
Share of revenue, fiscal years 2020 to 2025
Gross margin
63.3%
Operating margin
26.0%
Net margin
6.2%
Growth rates
Compound annual growth to fiscal 2025
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | +12.8% | +22.7% | – | – | |
| Gross profit | +18.2% | +46.0% | – | – | |
| Operating income | +36.3% | +15.3% | – | – | |
| Net income | +61.4% | -8.8% | – | – | |
| EPS, diluted | +58.9% | -20.9% | – | – | |
| Dividend per share | +13.9% | – | – | – |
Returns and balance sheet
6 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2020 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Return on equity | – | – | – | |
| Return on assets | – | – | 1.8% | |
| Current ratio | – | – | 0.84 | |
| Debt to equity | – | – | – | |
| Net debt to EBITDA | – | – | 4.14× | |
| Interest coverage | – | – | – | |
| Inventory turnover | – | – | 4.7× | |
| Capex to revenue | – | – | 24.1% | |
| Diluted shares | – | – | 89M |
Where the cash went
Fiscal 2021 to 2025, five years combined
Kodiak Gas Services generated $1.66B from operations and spent $1.80B on capital expenditure, dividends and share buybacks. 74% of that went back into the business.
Generated
$1.66B
Used
$1.80B
Capital expenditure$1.33B74%Dividends$323.24M18%Share buybacks$143.97M8%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin2.4%
×Asset turnover0.26×
×Equity multiplier4.70×
=Return on equity, FY20232.9%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2023 | 2.4% | 0.26× | 4.70× | 2.9% |
| FY2022 | 15.0% | 0.23× | 5.23× | 17.9% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
5of 9 tests passed in fiscal 2025. Scores of 7 to 9 are usually read as strong.
- ProfitableNet income above zero$80.52M
- Cash generatingOperating cash flow above zero$599.74M
- Return on assets improvedROA up on the prior year1.5% → 1.8%
- Earnings backed by cashOperating cash flow above net income$599.74M vs $80.52M
- Less leverageLong-term debt to assets fell58.2% → 59.2%
- Better liquidityCurrent ratio rose1.20 → 0.84
- No dilutionShare count did not rise85M → 89M
- Gross margin improvedGross margin up on the prior year60.46% → 63.31%
- More efficientAsset turnover rose0.36 → 0.29